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The Financial Express

Search results for: Trade

Saudi Arabia says it will not penalise banks that boycotted confce

Saudi Arabia says it will not penalise banks that boycotted confce

Reuters 2018-10-24 14:41:19

Saudi Arabia’s central bank governor said the kingdom will not penalise foreign banks that boycotted an investment conference in Riyadh and reiterated the country’s commitment to defend it...

LankaBangla inks MoU with Bangladesh Specialized Hospital

LankaBangla inks MoU with Bangladesh Specialized Hospital

FE Online Desk 2018-10-24 14:08:51

LankaBangla Finance Limited (LBFL) has recently signed a Memorandum of Understanding (MoU) with Bangladesh Specialized Hospital Limited for its customer privilege. Under the agreement, LBFL card hol...

AP Thailand Asia's most influential real estate firm in 2018

AP Thailand Asia's most influential real estate firm in 2018

FE Online Desk 2018-10-24 14:05:40

Bangkok-based real estate company AP Thailand has recently received 'the Asia Corporate Excellence & Sustainability Awards' (ACES) in the category of Asia's Most Influential Companies in 2018. AP...

Local compressor makers to get tax benefit until 2021

Local compressor makers to get tax benefit until 2021

FE Report 2018-10-24 12:02:53

Local industries would enjoy tax benefit until 2021 on import of raw materials and spare parts for manufacturing compressors. The VAT wing of the National Board of Revenue (NBR) issued two separate S...

China signs free trade agreement MoU with Palestine

China signs free trade agreement MoU with Palestine

-- 2018-10-24 10:58:00

China has signed a free trade agreement Memorandum of Understanding (MoU) with Palestine, China’s commerce ministry said on Wednesday in a statement posted on its official website. China’...

Ginger prices soar in local market

Ginger prices soar in local market

FE Report 2018-10-24 10:52:00

The prices of ginger, one of the main spices, soared at city markets in the last three days, compounding woes of the consumers further. One kilogram (kg) of ginger was sold at Tk 170 on Tuesday, a 40...

GP revenue up 1.9pc in third quarter

GP revenue up 1.9pc in third quarter

FE Desk Report 2018-10-24 10:43:11

Grameenphone Ltd ended the third quarter of 2018 with 71.4 million active subscribers, registering a11.8 per cent year-on-year (YoY) growth. With 36.3 million data subscribers, 50.9 per cent of the...

Aarong to celebrate 40 yrs in business

Aarong to celebrate 40 yrs in business

FE Report 2018-10-24 10:40:35

Aarong, a concern of BRAC, has taken a three-day programme from tomorrow (Thursday) to celebrate four decades of its journey. The celebrations will be held at the Army Stadium in the capital marking...

ADB to use UNDP strength for CHT community development

ADB to use UNDP strength for CHT community development

FE Report 2018-10-24 10:28:02

The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) on Tuesday signed an administrative arrangement to promote sustainable management of community development for Chit...

Electrification helps boost business in rural areas

Electrification helps boost business in rural areas

Sajibur Rahman 2018-10-24 10:15:01

Subsidised tariff for electricity consumers has led to a positive impact on household income and expenditure, small-scale business and agriculture, a recent study has revealed. Besides, it helped pro...

US dollar price in local kerb market goes up

US dollar price in local kerb market goes up

Siddique Islam 2018-10-24 09:55:19

Exchange rate of cash US dollar against the local currency in the banking channel and also in the open market, known as kerb market, has increased by around Tk 1.0 in a week, traders said. The US cur...

Petrobangla plans to import LNG from Oman by May

Petrobangla plans to import LNG from Oman by May

M Azizur Rahman 2018-10-24 09:44:38

State-run Petrobangla has planned to start importing lean LNG from Oman Trading International (OTI) by May 2019, one year after inking a sales and purchase agreement (SPA). Petrobangla and OTI agreed...

‘Nagad’ postal MFS upsets pvt operators

‘Nagad’ postal MFS upsets pvt operators

Mehdi Musharraf Bhuiyan 2018-10-24 09:33:47

The recent introduction of a digital financial service scheme by Bangladesh Post Office (BPO) has raised concerns among relevant parties and industry insiders. The Bangladesh Post Office early this w...

Vacuum cleaner maker to build electric cars in Singapore

Vacuum cleaner maker to build electric cars in Singapore

-- 2018-10-23 17:20:58

Dyson, the British company best known for innovative vacuum cleaners, says it will build its electric car in Singapore. The company says the bespoke manufacturing facility is due for completion in 20...

Goldlinks issues new digital currency for its members

Goldlinks issues new digital currency for its members

FE Online Desk 2018-10-23 15:21:40

Global gold industry blockchain alliance Goldlinks has recently issued a new digital currency for its community members. The Global Gold Token (GGT) was listed for trading on BitForex, world's larges...

SIBL inks deal with S 11 Limited

SIBL inks deal with S 11 Limited

FE Online Desk 2018-10-23 13:49:23

Social Islami Bank Limited (SIBL) and S 11 Limited (an IT-based service provider organization) have signed a Memorandum of Understanding (MOU) at the Head Office of the Bank recently. Under the MoU,...

Saudi summit begins despite calls for a boycott

Saudi summit begins despite calls for a boycott

BBC 2018-10-23 13:25:57

Saudi Arabia's investment conference has gone ahead despite international pressure for a boycott. The Future Investment Initiative (FII) was due to feature 150 high profile speakers from 140 firms....

Oil prices fall as Saudi Arabia pledges to play 'responsible role' in market

Oil prices fall as Saudi Arabia pledges to play 'responsible role' in market

-- 2018-10-23 12:15:52

Oil prices fell on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran’s...

Mitsubishi Heavy to inject $2b into aircraft unit

Mitsubishi Heavy to inject $2b into aircraft unit

Reuters 2018-10-23 10:44:21

Mitsubishi Heavy Industries is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday....

Int'l food processing expo begins Thursday

Int'l food processing expo begins Thursday

FE Report 2018-10-23 09:58:48

A three-day international fair for promoting food processing sector will begin in the capital on Thursday, aiming to give an impetus to the country's economy. The event styled '6th BAPA FoodPro Inter...

Bernicat urges BD to accelerate removing investment barriers

Bernicat urges BD to accelerate removing investment barriers

FE Report 2018-10-23 09:55:47

US Ambassador in Dhaka Marcia Bernicat has urged Bangladesh to further accelerate the process of removing the investment barriers like infrastructure deficit, corruption, and energy shortfall as the U...

BPC in difficulty with LC opening for fuel oil import

BPC in difficulty with LC opening for fuel oil import

Pankaj Dastider 2018-10-23 09:39:04

CHATTOGRAM: The Bangladesh Petroleum Corporation (BPC) is facing difficulties in importing fuel oils as the state-owned commercial banks are unwilling to open letters of credit (LCs) on grounds of inc...

Ineligible garment units getting UD facilities

Ineligible garment units getting UD facilities

Monira Munni 2018-10-23 09:35:45

The apparel trade bodies have not stopped issuing utilisation declaration (UD) certificates yet to "non-compliant" and "risky" garment factories, violating government order. Last month, the state-r...

Lack of able leadership worsens NPL situation

Lack of able leadership worsens NPL situation

FE Report 2018-10-23 09:20:03

The lack of capable leadership within banks is the main reason behind the increase in the volume of nonperforming loans (NPLs) in the country, a top official of the central bank has said. To tackle t...

Hunan province delegates, FBCCI  leaders talk trade

Hunan province delegates, FBCCI leaders talk trade

FE Desk 2018-10-22 21:31:48

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held a discussion with the representatives of Hunan province of China at hotel in Dhaka city recently, says a statement. Gover...

BOJ warns Japan banks as risk-taking hits near 30-yr high

BOJ warns Japan banks as risk-taking hits near 30-yr high

-- 2018-10-22 21:30:51

Risk-taking in Japan's financial sector hit a near three-decade high in the April-September, a central bank gauge showed, in a sign years of ultra-easy monetary policy may be overheating some parts of...

GP users face highest number of call drops: BTRC

GP users face highest number of call drops: BTRC

-- 2018-10-22 20:37:11

The highest number of call drop incidents (103,43,00,000) occurred in Grameenphone (GP) network in the last 12 months, according to Bangladesh Telecommunication Regulatory Commission (BTRC). The stat...

BD earned $41b in export last FY: Tofail

BD earned $41b in export last FY: Tofail

-- 2018-10-22 19:19:10

Bangladesh earned US$ 41 billion in foreign exchange by exporting 744 products to 202 countries in the 2017-18 fiscal years, Commerce Minister Tofail Ahmed told Parliament on Monday. Mentioning that...

BD earned $41b in 2017-18: Tofail

BD earned $41b in 2017-18: Tofail

-- 2018-10-22 17:31:23

Bangladesh earned US$ 41 billion from exports during fiscal 2017-18. Commerce Minister Tofail Ahmed said made the disclosure while replying to a starred question from treasury bench member AFM Bahaud...

Oracle OpenWorld 2018 launches next era of Cloud

Oracle OpenWorld 2018 launches next era of Cloud

FE Online Desk 2018-10-22 14:43:19

Oracle welcomes more than 60,000 customers and partners from 175 countries and 19 million virtual attendees to Oracle OpenWorld 2018, the world’s most innovative cloud technology conference. At...