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The Financial Express

Search results for: Trade

EBL signs agreement with CCR Manger

EBL signs agreement with CCR Manger

FE Online Desk 2018-10-08 13:29:28

Eastern Bank Ltd (EBL) signed an agreement with CCR Manager in Singapore recently, paving the way for EBL to join a rapidly growing community of leading global banks.   Md. Obaidul Islam, Head...

Dollar up in Asia as China loosens policy, yuan slips

Dollar up in Asia as China loosens policy, yuan slips

-- 2018-10-08 12:26:29

The dollar edged higher on Monday as China followed an easing in domestic policy by allowing its yuan to fall, though the drop was not as sharp as some had feared. Moves were limited by a lack of liq...

UK accounting firms face possible ban on consultancy work

UK accounting firms face possible ban on consultancy work

-- 2018-10-08 12:17:07

Britain’s accounting watchdog said on Monday it may ban accounting firms from providing consultancy work to firms whose books they check. Under pressure from lawmakers to toughen up supervision...

Labour leaders express concern over proposed labour law draft

Labour leaders express concern over proposed labour law draft

FE Report 2018-10-08 10:24:37

Labour leaders at a roundtable expressed deep concern over some provisions of the proposed draft of the labour law, including those on compensation, definition of workers and maternity benefits. Term...

Canada wants to boost trade ties with Bangladesh

Canada wants to boost trade ties with Bangladesh

FE Report 2018-10-08 10:20:08

Canadian High Commissioner Benoit Prefontaine said on Sunday that his country wants to enhance trade relations with Bangladesh. "Canada keen to develop trade relations with Bangladesh," he said at a...

Shipping lines turn gearless as Ctg port gets gantry cranes

Shipping lines turn gearless as Ctg port gets gantry cranes

Jasim Uddin Haroon 2018-10-08 10:10:45

Shipping companies operating to and from the Chittagong port are now switching over to gearless vessels instead of geared vessels after the installation of a large number of gantry cranes there. Th...

Apple tells Congress it found no signs of hacking attack

Apple tells Congress it found no signs of hacking attack

Reuters 2018-10-08 10:09:28

Apple Inc’s (AAPL.O) top security officer told Congress on Sunday that it had found no sign of suspicious transmissions or other evidence that it had been penetrated in a sophisticated attack on...

Long working hours a major challenge in RMG sector: Study

Long working hours a major challenge in RMG sector: Study

FE Report 2018-10-08 09:24:10

Long working hours is one of the major challenges among other social compliance issues in the country's readymade garment sector, according to a new study. Workers have to work for 12 hours a day mai...

Wages of tea workers up by 20pc

Wages of tea workers up by 20pc

FE Online Desk 2018-10-07 14:06:53

  The wages of tea workers have been increased by 20 per cent to Tk 102 per day and Tk 714 per week with retrospective effect from January 1 in 2017.   The wages were fixed for a two-year...

PRAN dispels license cancellation news

PRAN dispels license cancellation news

FE Online Desk 2018-10-07 13:33:19

PRAN has dispelled a news on cancellation of license of few PRAN products by BSTI, as aired on a private TV channel.  “Jamuna TV aired that BSTI cancelled license of PRAN’s eight pro...

Local value addition in RMG declines in FY18

Local value addition in RMG declines in FY18

FE Online Report 2018-10-07 11:58:34

Local value addition in the country’s export-oriented Ready-Made Garment (RMG) industry declined marginally in the past fiscal year. Analysis prepared by the central bank showed that the ratio...

Prices of toiletries shoot up

Prices of toiletries shoot up

Yasir Wardad 2018-10-07 11:15:59

Prices of toiletries have shot up in recent months, burning a hole in the pocket of limited income group. Almost all types of soaps, shampoo, toothpaste, detergent and toilet cleaners saw a price hik...

Five states to go to polls at year-end in test for Modi

Five states to go to polls at year-end in test for Modi

-- 2018-10-07 11:13:37

Five Indian states will go to the polls later this year, the country’s election commissioner said on Saturday, in a test of Prime Minister Narendra Modi’s popularity ahead of his re-electi...

Over-length vessel anchors at Ctg port

Over-length vessel anchors at Ctg port

Pankaj Dastider 2018-10-07 11:04:40

An over-length vessel of 196 metres has anchored at Chattogram port against an approved limit of 190 metres. Sources in the shipping sector said MV Zanpol Force anchored safely at jetty number 13 of...

Jute goods exporters seek 5.0pc cash incentives

Jute goods exporters seek 5.0pc cash incentives

FE Report 2018-10-07 11:03:23

The Bangladesh Jute Goods Exporters Association has sought a 5.0 per cent incentive against exports of different types of diversified jute products. The demand came at the 48th annual general meeting...

Jan-July RMG export to EU low in value

Jan-July RMG export to EU low in value

Monira Munni 2018-10-07 10:11:06

The country's ready-made garment export to the European Union (EU) during the last January-July period was much lower in terms of value than that of volume. Exporters and experts attributed sluggish...

Confidence powers pharma exports

Confidence powers pharma exports

Saif Uddin 2018-10-07 09:50:16

The country's medicine export crossed the US$ 100-million mark during the last fiscal, thanks to the growing recognition of Bangladeshi drugs in the global market, insiders have said. According to av...

Prime Bank inks deal with Westin Dhaka

Prime Bank inks deal with Westin Dhaka

FE Online Desk 2018-10-06 13:32:18

Prime Bank signed a MoU with The Westin Dhaka recently at Bank’s head office. ANM Mahfuz, Head of Consumer Banking of Prime Bank and Md. Al Amin, Director of Sales and Marketing of The Westin D...

Mercantile Bank, Medinova ink deal

Mercantile Bank, Medinova ink deal

FE Online Desk 2018-10-06 13:27:34

Mercantile Bank Limited has recently signed an agreement with Medinova Medical Services Ltd in presence of the Bank’s MD & CEO Kazi Masihur Rahman. The agreement was signed by Mohammad Iq...

Saudi Arabia gets first woman bank head

Saudi Arabia gets first woman bank head

-- 2018-10-06 12:06:48

Lubna Al Olayan has been appointed as the chairperson of a Saudi Arabian bank, first women in the history to run a bank of the country. The businesswoman will chair a new bank being formed out of a...

Govt sacks two Janata Bank directors

Govt sacks two Janata Bank directors

-- 2018-10-06 11:58:28

The government has fired two directors from the Janata Bank which is buckling under a huge amount of default loans. The two are Manik Chandra Dey, an additional secretary at the Financial Institution...

Three more gantry cranes at Ctg port

Three more gantry cranes at Ctg port

Our Correspondent 2018-10-06 11:02:24

Three more quay gantry cranes reached at the Chattogram port on Friday morning. A Chinese vessel, MV Xing Jin Cheng Hai Yaag, carrying the gantry cranes, arrived at a jetty of the New Mooring Contain...

SWIFT looks to train BD bankers on cybercrimes

SWIFT looks to train BD bankers on cybercrimes

FE Report 2018-10-06 10:48:57

The SWIFT has moved to train Bangladeshi bankers and ministry officials to help them prevent, detect and respond to fraudulent acts, sources said. The move has been made as criminals have sharpened t...

Number of bank branches crosses 10,000 mark

Number of bank branches crosses 10,000 mark

FE Report 2018-10-06 10:43:18

The banking sector has set a new milestone as the number of bank branches across the country crossed the 10,000 mark. The number of bank branches both in the private and public sectors stood at 10,14...

Embroidered textiles hub to be set up in Jamalpur

Embroidered textiles hub to be set up in Jamalpur

FE Report 2018-10-06 10:33:25

The country's biggest hub for embroidered textiles is set to be established in Jamalpur at a cost of over Tk. 21 billion. Bangladesh Handloom Board finalised the Tk. 21.13 billion project in this con...

RHD plays new trick as PC rejects revision proposal

RHD plays new trick as PC rejects revision proposal

FHM Humayan Kabir 2018-10-06 09:53:12

The Roads and Highways Department (RHD) has taken up the second project besides the existing one for Dhaka-Mawa road upgrade after the Planning Commission (PC) refused to revise the costlier origina...

India imposes import ban on edible oil

India imposes import ban on edible oil

Rezaul Karim 2018-10-06 09:47:22

India has suddenly slapped a ban on import of edible oil from Bangladesh, much to the concern of Bangladeshi exporters, officials and businessmen said. According to the officials, the Directorate of...

EU weighs what to offer Trump on trade

EU weighs what to offer Trump on trade

-- 2018-10-05 22:49:39

European Union ministers debated on Friday what to offer the United States to ease trade tensions and avoid a return to a tit-for-tat tariff conflict that could hit EU cars, reports Reuters. US Presi...

Digital technologies to cut trade costs significantly: WTO

Digital technologies to cut trade costs significantly: WTO

FE Online Report 2018-10-05 20:27:48

Digital technologies are likely to bring down trade costs and boost trade significantly, especially in services and for developing countries. Four type of technologies — the Internet of Things,...

Russia signs S-400 missile deal with India: Ifax

Russia signs S-400 missile deal with India: Ifax

-- 2018-10-05 16:07:42

Russia signed a deal with India to supply five regiments of S-400 anti-aircraft missiles to India, Interfax news agency quoted Kremlin spokesman Dmitry Peskov as saying on Friday. The contract was si...