Loading...
The Financial Express

Search results for: Trade

Mega insurance scheme kicks off Wednesday

Mega insurance scheme kicks off Wednesday

Jasim Uddin Haroon 2018-10-27 09:51:04

The biggest-ever insurance development project will kick off Wednesday as the earlier efforts to make the sector vibrant have signally failed. The International Development Association (IDA) and the...

WB declines to finance entire BRT route

WB declines to finance entire BRT route

FHM Humayan Kabir 2018-10-27 09:45:17

The World Bank (WB) has declined to finance building the entire BRT (Bus Rapid Transit) line from Airport to Keraniganj as its design conflicts with those of Moghbazar-Mouchak and another planned flyo...

Oil falls on oversupply worries  despite Iran sanctions

Oil falls on oversupply worries despite Iran sanctions

-- 2018-10-26 20:40:00

Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand, reports Reuter...

Steel capacity set to expand  just as demand growth ebbs

Steel capacity set to expand just as demand growth ebbs

-- 2018-10-26 20:39:07

Spurred by a steel-price rally, firms are pouring money into new plants that are set to start producing just as growth in demand for the construction material shrinks, industry executives say, challen...

India's IndiGo airline to expand,  defend turf despite loss

India's IndiGo airline to expand, defend turf despite loss

-- 2018-10-26 20:38:14

India's largest domestic airline, IndiGo, will add 30 per cent capacity this financial year to maintain dominance of the world's fastest growing aviation market, although its parent company has just r...

Dhaka, Delhi sign multiple pacts to enhance trade

Dhaka, Delhi sign multiple pacts to enhance trade

-- 2018-10-26 13:18:03

India and Bangladesh have signed a slew of pacts for enhancing inland and coastal waterways connectivity between the two neighbouring countries. "The two countries have signed an agreement to use C...

Govt empowers textile dept to police buying houses

Govt empowers textile dept to police buying houses

FE Report 2018-10-26 12:42:36

The state-run Department of Textile (DoT) has been empowered to provide services to the country's textile and clothing industry, officials said. Besides, all textile and clothing industries includi...

Mohiuddin new member secretary of FRC

Mohiuddin new member secretary of FRC

FE Report 2018-10-26 12:40:50

Mohammad Mohiuddin Ahmed FCA, executive director of Financial Reports Monitoring Division at the Financial Reporting Council (FRC), has been appointed member secretary of the auditing watchdog. Under...

Bangladesh Economics Summit begins today

Bangladesh Economics Summit begins today

-- 2018-10-26 12:38:20

The '1st Bangladesh Economics Summit 2018 (BES 2018)' begins at the Dhaka University (DU) premises in the capital today (Friday), aimed at promoting research and business thinking among students. The...

Commerce ministry moves to redress grievances

Commerce ministry moves to redress grievances

FE Report 2018-10-26 12:37:26

The commerce ministry has directed the officials concerned to submit monthly report on redress of grievances to the official concerned by seventh of every month, officials said. The directives came...

Agro product export earnings may surpass $2.0b by 2020: Tofail

Agro product export earnings may surpass $2.0b by 2020: Tofail

FE Report 2018-10-26 11:57:13

The country's export earnings from agricultural products are expected to exceed US$ 2.0 billion in the next two years, Commerce Minister Tofail Ahmed said on Thursday. To boost the exports from the a...

Move to build underpasses in capital

Move to build underpasses in capital

Munima Sultana 2018-10-26 10:38:54

Moves have been taken to construct several underpasses in the city at the fag end of the government's tenure amid criticism of mismatch in the traffic planning decisions. Sources said the initiative...

Importers ‘can take delivery of goods directly from Ctg port’

Importers ‘can take delivery of goods directly from Ctg port’

Our Correspondent 2018-10-26 10:30:28

The authorities concerned have extended the time until December 31 this year for release of 37 import items from the Chittagong port. During this time, the importers will be able to take delivery of...

Sadharan Bima eyes 8.0pc profit growth in 2018

Sadharan Bima eyes 8.0pc profit growth in 2018

Jasim Uddin Haroon 2018-10-26 10:04:37

Sadharan Bima Corporation (SBC), the country's lone state-owned non-life insurer, expects to make a robust profit this year on the back of premium earnings from the mega projects under the public sect...

Petrobangla counts payment even as capacity remains unused

Petrobangla counts payment even as capacity remains unused

M Azizur Rahman 2018-10-26 09:55:00

Petrobangla is counting 'capacity payment' for non-completion of a re-gasified LNG evacuation pipeline as it has failed to fully utilise the country's maiden floating LNG terminal. The state-run corp...

Agro product export earnings may  surpass $2.0b by 2020: Tofail

Agro product export earnings may surpass $2.0b by 2020: Tofail

FE Report 2018-10-25 21:30:56

The country's export earnings from agricultural products are expected to exceed US$ 2.0 billion in the next two years, Commerce Minister Tofail Ahmed said on Thursday. To boost the exports from the ag...

Jaguar opens new plant in Slovakia

Jaguar opens new plant in Slovakia

-- 2018-10-25 16:31:17

Jaguar Land Rover is opening a new, $1.6 billion plant in Slovakia, the luxury car maker's first in continental Europe. The UK-based company, owned by India's Tata Motors, built the plant near Nitra,...

Nokia launches cost-cutting programme after Q3 profit drops

Nokia launches cost-cutting programme after Q3 profit drops

-- 2018-10-25 14:40:28

Telecom network equipment maker Nokia announced a new cost-cutting programme on Thursday after reporting another drop in quarterly profits as the industry waits operators’ demand for next-genera...

Cathay Pacific shares hit nine-year low as data breach hits 9.4m passengers

Cathay Pacific shares hit nine-year low as data breach hits 9.4m passengers

-- 2018-10-25 14:04:58

Shares of Cathay Pacific Airways Ltd - the flag carrier of Hong Kong - slid nearly 7 per cent to a nine-year low on Thursday after it said data of about 9.4 million passengers of Cathay and its unit,...

Chevron agrees to pay $163m in settlement

Chevron agrees to pay $163m in settlement

-- 2018-10-25 13:22:42

US-based energy corporation Chevron has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company viol...

Microsoft sales and profit beat estimates on cloud growth

Microsoft sales and profit beat estimates on cloud growth

-- 2018-10-25 13:03:12

Microsoft Corp (MSFT.O) beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software...

NOVOAIR to increase flights to four destinations

NOVOAIR to increase flights to four destinations

FE Report 2018-10-25 12:39:19

NOVOAIR, a Dhaka-based carrier, will increase the number of flights to four destinations responding to the growing demand from the passengers. The privately-owned airlines will operate one more fligh...

BAPA re-elects Capt Mahbubur Rahman as president

BAPA re-elects Capt Mahbubur Rahman as president

FE Online Report 2018-10-25 12:11:25

Captain Mahbubur Rahman has been re-elected president and Captain Syed Nazmul Hasan general secretary of Bangladesh Airlines Pilots Association (BAPA) for the 2018-19 term. The full panel of Mabub-Na...

Oil prices fall one per cent amid global stock market slump

Oil prices fall one per cent amid global stock market slump

-- 2018-10-25 12:10:56

Oil prices fell by around one per cent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year&...

Australia set to review HSIA security issue

Australia set to review HSIA security issue

Rezaul Karim 2018-10-25 11:36:52

Australia is set to review the enhanced security arrangements at Hazrat Shahjalal International Airport (HSIA) in Dhaka in March next year before deciding on the resumption of direct cargo service bet...

ADB for updating mobile payment ecosystem

ADB for updating mobile payment ecosystem

Syful Islam 2018-10-25 10:00:25

The Asian Development Bank (ADB) suggested upgrading the system infrastructure for enhanced mobile payment usage in Bangladesh. This will help the country move towards a cashless society, it said. T...

Accord starts handing RMG responsibilities to RCC

Accord starts handing RMG responsibilities to RCC

FE Report 2018-10-25 09:38:20

Accord has formally started handing over the responsibility of its ongoing safety activities in the country's ready-made garment (RMG) sector, sources said. As part of the charge shifting process, th...

FSIBL upholds professional and ethical standards

FSIBL upholds professional and ethical standards

FE Report 2018-10-24 22:47:45

First Security Islami Bank (FSIBL) has vowed to promote SME, agriculture and women entrepreneurship in its relentless efforts to contribute more in the development of country's growing economy."SME, a...

Number of banks, FIs higher than need, Muhith says

Number of banks, FIs higher than need, Muhith says

-- 2018-10-24 20:42:24

Finance Minister Abul Maal Abdul Muhith has admitted that the number of banks and financial institutions is higher than need. "Both the banks and FIs in the country are bigger in number. I think, the...

Seminar on investor protection in capital market held

Seminar on investor protection in capital market held

-- 2018-10-24 18:08:05

A seminar on investor protection in capital market was held in a hotel of Chattogram recently for celebrating World Investor Week, 2018. Arranged by Chittagong Stock Exchange (CSE) in a hotel of the...