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The Financial Express

Search results for: Trade

Govt body to simplify export procedures

Govt body to simplify export procedures

Syful Islam 2018-11-03 09:57:02

The government has formed an inter-ministerial body to lower the number of documents required for exports as part of easing doing business in line with the standards set by the World Bank, an official...

Rice export prices drop in India, Thailand

Rice export prices drop in India, Thailand

-- 2018-11-02 21:36:17

A weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows...

Istanbul Airport turns a golden page in Turkish aviation history

Istanbul Airport turns a golden page in Turkish aviation history

-- 2018-11-02 21:35:34

Istanbul Airport, Turkey's largest infrastructure project with an investment cost of $30 billion, has turned a golden page in the Turkish aviation history with the aim of making the country's largest...

Country's performance in 'Doing Business' index shameful: Muhith

Country's performance in 'Doing Business' index shameful: Muhith

FE Report 2018-11-02 14:42:20

Finance Minister AMA Muhith expressed his disappointment over Bangladesh's performance in the 'Doing Business' index. "It is shameful for us that Afghanistan is far above us," he said on Thursday whi...

BIDA sees 13.38pc rise in Q3 investment proposals

BIDA sees 13.38pc rise in Q3 investment proposals

FE Report 2018-11-02 13:45:23

The aggregate amount involving the investment proposals registered with Bangladesh Investment Development Authority (BIDA) rose by 13.38 per cent during July-September period (Q3) of 2018 calendar yea...

Work on Bay Container Terminal starts by month end

Work on Bay Container Terminal starts by month end

Pankaj Dastider 2018-11-02 13:20:57

CHATTOGRAM: Prime Minister Sheikh Hasina laid the foundation of the Bay Container Terminal through a videoconferencing from Gano Bhaban in Dhaka on Thursday. Construction work of the Bay Container Te...

US wants Rohingyas return to Myanmar voluntarily

US wants Rohingyas return to Myanmar voluntarily

-- 2018-11-02 12:17:40

The United States has laid emphasis on the voluntary return of Rohingyas as Myanmar and Bangladesh have agreed to begin repatriation of the refugees in mid-November. "We continue to call for accounta...

BMW expanding its car-sharing service in London

BMW expanding its car-sharing service in London

-- 2018-11-02 12:14:24

BMW is expanding its car-sharing service DriveNow into five more London boroughs as the carmaker overcomes some of the barriers to operating across the city where firms need to strike agreements wit...

Petrobangla revises BD gas demand upward by 8.39pc

Petrobangla revises BD gas demand upward by 8.39pc

FE Report 2018-11-02 11:45:55

Petrobangla has revised upward the country's natural gas demand projection by 8.39 per cent to 1.346 trillion cubic feet (Tcf) in the current fiscal year (FY), 2018-19, riding on LNG import. The pr...

House finance corpn pushes for banking licence

House finance corpn pushes for banking licence

FE Report 2018-11-02 11:36:56

State-run house building financier urged the government to convert it into a bank so that the corporation can contribute more while averting fund crisis. The transformation is required for the deve...

Apple warns on holiday sales, sending value below $1 trillion

Apple warns on holiday sales, sending value below $1 trillion

-- 2018-11-02 11:17:51

Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets and foreign ex...

Mastercard lodges protest in US over Modi promoting RuPay

Mastercard lodges protest in US over Modi promoting RuPay

-- 2018-11-02 10:58:54

Mastercard told the United States government in June that Prime Minister Narendra Modi was using nationalism to promote the use of a domestic payments network RuPay, and New Delhi’s protection...

Hilsa pricier though fishing ban goes

Hilsa pricier though fishing ban goes

FE Report 2018-11-02 10:42:37

Trading of Hilsa started in the city after ending the fishing ban, but was selling at much higher prices on Thursday than that of the pre-ban market. The price was 30-40 per cent higher on Thursday t...

GM halts two renovation projects as it looks to cut costs

GM halts two renovation projects as it looks to cut costs

Reuters 2018-11-02 10:12:56

General Motors, the largest US automaker, is halting work on two renovation projects at facilities in the Detroit area as it offers voluntary severance packages to 18,000 salaried workers in North Ame...

Six int'l carriers halt operations in one year

Six int'l carriers halt operations in one year

Kamrun Nahar 2018-11-02 09:47:13

Six international airlines have suspended their operations in Bangladesh in the past one year, causing a huge revenue loss to the government. Aviation experts said Bangladesh has lost 73 flights week...

RMG suppliers under pressure from buyers to lower prices

RMG suppliers under pressure from buyers to lower prices

Monira Munni 2018-11-02 09:36:04

Most garment suppliers across the globe, including Bangladesh, face mounting pressure from buyers due to their cost negotiation strategies, according to a latest global report. Such strategies impact...

Sterling Classic Wears to invest $15m in Ishwardi EPZ

Sterling Classic Wears to invest $15m in Ishwardi EPZ

-- 2018-11-01 19:36:46

Sterling Classic Wears Limited will invest US$15 million to establish a garments manufacturing industry in Ishwardi Export Processing Zone (EPZ). In this regard, Bangladesh Export Processing Zones Au...

GP handovers iPhone Xs, Xs Max

GP handovers iPhone Xs, Xs Max

-- 2018-11-01 18:29:54

Grameenphone handed over the first 'iPhone Xs' and 'iPhone Xs Max' on Thursday to the customers who had pre-ordered their handsets. Micheal Foley, CEO, Grameenphone and brand ambassador of the compan...

Govt committed to ensure occupational safety, rights: Mojibul

Govt committed to ensure occupational safety, rights: Mojibul

-- 2018-11-01 17:11:00

State Minister for Labour and Employment Mojibul Haque, MP, has said the present government is pledged bound to ensure occupational safety and legitimate rights. To this end, the government under the...

A tough road ahead for India's battered rupee: Reuters poll

A tough road ahead for India's battered rupee: Reuters poll

-- 2018-11-01 12:41:26

There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks ahead of a general election, a Reuters...

VW, Ford could team up on self-driving cars

VW, Ford could team up on self-driving cars

Reuters 2018-11-01 12:19:58

Volkswagen AG and Ford Motor Co are in “exploratory talks” to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions o...

Rebranding RMG abroad is needed, says EU envoy

Rebranding RMG abroad is needed, says EU envoy

FE Report 2018-11-01 11:38:19

A major rebranding of Bangladesh and its ready-made garment (RMG) sector is needed to enhance their images abroad, the European Union envoy in Dhaka has said. "We need to work together for rebranding...

Automation key to insurance coverage expansion

Automation key to insurance coverage expansion

FE Report 2018-11-01 10:58:38

Automation in insurance sector can change its present landscape though widening its coverage, a senior official has said. It will also ensure transparency and accountability on the one of the key fin...

UK, EU agree tentative Brexit deal on financial services

UK, EU agree tentative Brexit deal on financial services

-- 2018-11-01 10:52:25

British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times repo...

Power supply erratic despite increased coverage: Nasrul

Power supply erratic despite increased coverage: Nasrul

FE Report 2018-11-01 10:45:03

The power and energy sector has attracted investments of US$ 18-20 billion over the past decade, helping the country to attain 'astonishing' development, Prime Minister's energy adviser Dr Tawfiq-e-...

Malaysia migration cost for BD workers may come down to almost zero

Malaysia migration cost for BD workers may come down to almost zero

FE Report 2018-11-01 10:29:50

The cost of migration for Malaysia-bound Bangladeshi workers would come down under a proposed recruitment process, according to a decision of a joint working group meeting on Wednesday. Besides, the...

Oil prices fall on signs of rising supplies

Oil prices fall on signs of rising supplies

-- 2018-11-01 09:49:47

Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown. The...

Summit LNG gets tax waiver for 15 years

Summit LNG gets tax waiver for 15 years

FE Report 2018-11-01 09:48:43

National Board of Revenue (NBR) has offered a set of tax benefits to Summit LNG Terminal Co (Pvt) Ltd, including tax waiver for 15 years on its income. The company will also enjoy tax exemption on in...

IBBL opens 340th branch at Rangunia in Ctg

IBBL opens 340th branch at Rangunia in Ctg

FE Online Desk 2018-10-31 13:55:24

Islami Bank Bangladesh Limited inaugurated Rangunia Branch as its 340th branch on Tuesday at Hazi Alam Complex, Rangunia, Chattagram. Mohammed Monirul Moula, Additional Managing Director of the Bank...

Kodomo products available on Daraz

Kodomo products available on Daraz

FE Online Desk 2018-10-31 13:42:16

From now on, world’s renowned Japanese baby cosmetics’ Kodomo’s products will be availvable in Daraz. Recently, a contract for online marketing of Kodomo was signed with Alibaba G...