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The Financial Express

Search results for: Trade

Govt reconstitutes CWG on BBIN MVA project

Govt reconstitutes CWG on BBIN MVA project

FE REPORT 2022-10-01 09:47:34

The government has reconstituted the customs working group (CWG) on the much-anticipated Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement (BBIN-MVA) on customs-related issues, officials said. T...

BD women workers: Korea still lies fully unexplored

BD women workers: Korea still lies fully unexplored

ARAFAT ARA 2022-10-01 08:19:51

Despite job opportunities galore, Bangladesh can hardly send women workers to South Korea for a distinct lack of initiatives to catch the market for women workers, insiders have said. They said it co...

No LCs sans DNC nod, banks alerted

No LCs sans DNC nod, banks alerted

SYFUL ISLAM 2022-10-01 08:14:51

Drug-import LC is being restricted as inroads of some unauthorised drugs into Bangladesh are ruining the future of hundreds of thousands of youths and teens, officials say. They have said a group of...

Major oil cos never reported massive greenhouse gas emissions

Major oil cos never reported massive greenhouse gas emissions

-- 2022-09-30 20:37:02

Major oil companies are not declaring a significant source of greenhouse gas emissions, a BBC News investigation has revealed. The BBC found millions of tonnes of undeclared emissions from gas flarin...

Bangladesh needs promotional campaigns in Turkiye to attract FDI: DCCI leaders

Bangladesh needs promotional campaigns in Turkiye to attract FDI: DCCI leaders

-- 2022-09-30 20:27:19

Leaders of the Dhaka Chamber of Commerce and Industry (DCCI) observed that Bangladesh needs promotional campaigns in Turkiye to attract Foreign Direct Investment (FDI). They made the observation at a...

Trade via Banglabandha land port to remain suspended for 11 days

Trade via Banglabandha land port to remain suspended for 11 days

-- 2022-09-30 16:00:02

Exports and imports of Bangladesh with India, Nepal and Bhutan via the Banglabandha land port will remain suspended for 11 days, on the occasion of Durga puja and Eid-e-Miladunnabi, port authorities s...

Financial reporting: DVS brings about drastic changes

Financial reporting: DVS brings about drastic changes

FE REPORT 2022-09-30 11:12:14

The document verification system (DVS) would bring a radical change in financial reporting to ensure transparency and accountability in businesses, speakers told a dialogue on Thursday. They called f...

Rice, beef, milk prices see further hike

Rice, beef, milk prices see further hike

FE REPORT 2022-09-30 09:54:33

Rice, beef and powdered milk witnessed a further hike in price last week intensifying woes of the commoners already battered between higher inflation and squeezed income. Market insiders said ric...

MoC may think of issuing 5-yr trade licences

MoC may think of issuing 5-yr trade licences

FE REPORT 2022-09-30 08:35:57

The Ministry of Commerce (MoC) has assured of considering a proposal of the Business Initiative Leading Development (BUILD) for issuing trade licences for at least five years instead of the presen...

Coal-fired power capacity doubles in Bangladesh

Coal-fired power capacity doubles in Bangladesh

M AZIZUR RAHMAN 2022-09-30 08:33:07

Bangladesh may see a quantum leap in coal-fired power generation shortly with new capacity coming online as the country courts undesirable tradeoffs to avoid costly gases, amid a global paradigm s...

NBFIs need BB nod to lend, waive interest

NBFIs need BB nod to lend, waive interest

FE REPORT 2022-09-30 08:25:56

Non-bank financial institutions (NBFIs) must seek prior permission from the central bank to lend money to their subsidiaries or associates and waive loans or interest. The Bangladesh Bank (BB) took...

9th Asian Tourism Fair kicks off in Dhaka

9th Asian Tourism Fair kicks off in Dhaka

FE Online Report 2022-09-29 20:25:31

The ninth edition of the Asian Tourism Fair (ATF) kicked off on Thursday to demonstrate Bangladesh's tourism potential. The three-day fair, being held at the International Convention City Bashundhara...

CSOs for inclusion of ‘loss and damage’ issue in the COP 27 agendas

CSOs for inclusion of ‘loss and damage’ issue in the COP 27 agendas

FE ONLINE REPORT 2022-09-29 19:24:14

Civil society organisations (CSOs) on Thursday demanded a strong position of the government to include the loss and damage (L&D) issue as a key agenda in the upcoming UN climate conference (Confer...

Turkiye-Bangladesh trade, investment to see high prospect in future: DCCI

Turkiye-Bangladesh trade, investment to see high prospect in future: DCCI

UNB 2022-09-29 15:06:54

The trade and investment opportunities between Bangladesh and Turkiye will see high prospects in future, said Dhaka Chamber of Commerce and Industries (DCCI) President Rizwan Rahman. An 86-member bus...

No need to import eggs: Agriculture Minister

No need to import eggs: Agriculture Minister

UNB 2022-09-29 13:38:48

All ministries should strengthen monitoring to control the egg market, Agriculture Minister Dr Muhammad Abdur Razzaque said today. “Importing eggs will increase our dependence which we do not w...

Price manipulation: BCC grills six entities

Price manipulation: BCC grills six entities

FE REPORT 2022-09-29 10:18:38

Bangladesh Competition Commission (BCC) has questioned six business entities for their alleged involvement in price manipulation of a few essentials and toiletries. The companies included Bashundhara...

Rice prices rise as imports low

Rice prices rise as imports low

YASIR WARDAD 2022-09-29 10:01:31

Rice prices have shot up again in the city retail and wholesale markets after showing a Tk 2.0-3.0-a-kg decline in the last week of August. The finer and medium varieties of rice witnessed Tk 3...

BTRC to start project to upgrade capacity

BTRC to start project to upgrade capacity

ISMAIL HOSSAIN 2022-09-29 08:52:48

The country's telecom regulator is taking up a project to upgrade and strengthen its spectrum-monitoring capacity - either with its own fund or social obligation fund. The BTRC's 165th commission...

Bangladesh keen to sign FTA with Malaysia, says finance minister

Bangladesh keen to sign FTA with Malaysia, says finance minister

-- 2022-09-28 19:30:51

Finance Minister AHM Mustafa Kamal on Wednesday said that Bangladesh is keen to sign a Free Trade Agreement (FTA) with Malaysia. Kamal came up with the statement during a bilateral meeting with a Mal...

Dollar hits 20-year high, sterling under pressure 

Dollar hits 20-year high, sterling under pressure 

-- 2022-09-28 18:09:24

Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower after the latest warning...

CUTS for re-opening Indo-Bangla border haats

CUTS for re-opening Indo-Bangla border haats

FE ONLINE DESK 2022-09-28 13:25:36

Consumer Unity & Trust Society (CUTS) International has urged the governments of Bangladesh and India to re-open the border haats between the two countries. “Since the onset of the Covid-19...

Labour law amendment: Govt forms tripartite committee

Labour law amendment: Govt forms tripartite committee

FE REPORT 2022-09-28 09:37:36

The government has formed a tripartite committee to prepare a report on the draft proposals for amending the labour law in line with the recommendations of the International Labour Organization (ILO)...

Govt extends tenure of Hilsa export to India until Oct 5

Govt extends tenure of Hilsa export to India until Oct 5

FE REPORT 2022-09-28 09:07:13

The government has extended the tenure of Hilsa export to neighbouring India until October 05 next. The commerce ministry on Tuesday issued a circular in this regard. The tenure of the previous expor...

'Improved customs service key to Ctg seaport optimal performance'

'Improved customs service key to Ctg seaport optimal performance'

FE REPORT 2022-09-28 08:54:32

Speakers at a roundtable on Tuesday said improvement in standards of allied services at Chattogram port, including customs clearance, is crucial for optimum performance of the country's prime seapor...

Global oil price fall cuts BPC losses

Global oil price fall cuts BPC losses

M AZIZUR RAHMAN 2022-09-28 08:25:08

Falling global fuel-oil price now cuts Bangladesh Petroleum Corporation (BPC) losses and could start making profit in marketing petroleum products but for deep devaluation of the local currency. Had...

How Uber losing its credibility in Bangladesh as a hassle-free service

How Uber losing its credibility in Bangladesh as a hassle-free service

-- 2022-09-27 16:57:02

Riddled with complaints of harassment from commuters Uber ride sharing in Bangladesh is taking a hit in its reputation as a comfortable service with a reasonable fare. Issues like failure to pick up...

3 SAIF container vessels to ply Ctg-UAE route

3 SAIF container vessels to ply Ctg-UAE route

FE REPORT 2022-09-27 10:51:36

SAIF Powertec Ltd would deploy three container vessels on Chattogram-UAE route, the company said on Monday. The stock market-listed company said it signed a deal with the United Arab Emirates (UAE)-b...

BD's apparel exports may face double trouble in EU markets

BD's apparel exports may face double trouble in EU markets

MONIRA MUNNI 2022-09-27 10:37:09

Local apparel exports to the European Union markets might face double trouble during the country's post-graduation period due to losing duty benefits and likely introduction of EU's carbon border adju...

Work on to recover Covid-induced losses in tourism sector

Work on to recover Covid-induced losses in tourism sector

FE REPORT 2022-09-27 10:08:11

Bangladesh Tourism Board has been working under a 'Tourism Recovery Plan' in a bid to recover the Covid-induced losses in the tourism sector, State Minister for Civil Aviation and Tourism Md Mahbub Al...

Mobile operators to refund call drops

Mobile operators to refund call drops

FE REPORT 2022-09-27 09:52:13

Mobile phone operators will compensate three pulses each 30-second talktime for first and second on-net call drops to mobile users. According to a new guideline revealed at a press conference on Mond...