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The Financial Express

Search results for: Trade

Samsung expects record-high Q3 profit

Samsung expects record-high Q3 profit

-- 2018-10-05 11:47:23

Samsung Electronics expects to post record operating profit in the third quarter (Q3), helped by strong demand for its memory chips. The South Korean electronics giant is forecasting operating profit...

Japan can be lucrative job market for BD female workers: Survey

Japan can be lucrative job market for BD female workers: Survey

FE Report 2018-10-05 11:01:54

Asia-Pacific countries like Japan and Hong Kong can be lucrative job markets for Bangladeshi female workers, said a survey conducted by a United Nations body. A total of 1,153 Bangladeshi workers wen...

Egg prices hit three-year high

Egg prices hit three-year high

FE Report 2018-10-05 10:11:46

Prices of egg increased further in the city this week, hitting a three-year high, according to traders. The kitchen markets also saw supply of some early winter vegetables, but their prices are too h...

Most of banks don’t have budget for compliance units

Most of banks don’t have budget for compliance units

FE Report 2018-10-05 10:05:12

Around 70 per cent of the surveyed banks don't have separate budget for their compliance units that deal with both internal and external issues. But 91 per cent believe compliance costs help to reduc...

BERC likely to declare new gas tariff next week

BERC likely to declare new gas tariff next week

M Azizur Rahman 2018-10-05 09:57:50

The country's energy regulator has waived a total of 122 per cent tax on locally-produced natural gas at the consumer end to keep the blended gas price rational with imported re-gasified LNG. The tax...

Thrust on diversification of products, tax cut

Thrust on diversification of products, tax cut

FE Report 2018-10-04 21:21:00

Speakers at a programme on Thursday afternoon said product diversification, tax rates reduction and changed mindset of people is required to revive handloom sector of the country. They also said a di...

Oil prices slip as S Arabia, Russia agree output rise

Oil prices slip as S Arabia, Russia agree output rise

-- 2018-10-04 21:19:46

Oil prices slipped on Thursday from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September t...

Investment in BEPZA increases three times in 10 years

Investment in BEPZA increases three times in 10 years

-- 2018-10-04 17:50:48

Investment under the Bangladesh Export Processing Zone Authority (BEPZA) increased around three times during the last 10 years due to the government’s business-friendly initiatives. According t...

Tofail for GSP Plus status after 2027

Tofail for GSP Plus status after 2027

FE Online Report 2018-10-04 13:06:38

Commerce Minister Tofail Ahmed on Thursday urged the European Union (EU) to give GSP Plus facility to Bangladesh after 2027. "We called upon the European Union to provide GSP Plus facility to Banglad...

Ban on hilsa fishing from Oct 7 to 28

Ban on hilsa fishing from Oct 7 to 28

FE Report 2018-10-04 11:16:39

The government has imposed a 22-day ban on catching, selling, transporting and hoarding hilsa fish from October 07 to October 28. Any fisherman violating this instruction will land in jail for one...

Dhaka, KL working to amend G2G deal

Dhaka, KL working to amend G2G deal

Arafat Ara 2018-10-04 11:12:32

Dhaka and Kuala Lumpur (KL) have started working on amendments to the existing government to government (G2G) plus deal in recruiting workers from Bangladesh, sources said. The Malaysian government...

Saudi co to set up oil refinery plant in Ctg

Saudi co to set up oil refinery plant in Ctg

FE Report 2018-10-04 10:53:41

Hi-Tech International Group (HTIG) of Saudi Arabia plans to set up an oil refinery plant in Chittagong with an investment worth $6.0 billion very soon. The project has already obtained green signal f...

Newly-installed gantry cranes begin operations at NCT

Newly-installed gantry cranes begin operations at NCT

FE Report 2018-10-04 10:03:36

Operations of newly-installed gantry cranes began at the New Mooring Container Terminal (NCT), the biggest container terminal of the Chittagong Port Authority, on Wednesday afternoon, people familiar...

18pc brick kilns use forest wood: Study

18pc brick kilns use forest wood: Study

Sajibur Rahman 2018-10-04 09:50:04

Nearly 18 per cent of brick kilns use forest wood defying the existing law, causing adverse impacts on the environment and agriculture, according to a recent study. Soil Resource Development Institut...

BPC to propose oil price hike

BPC to propose oil price hike

M Azizur Rahman 2018-10-04 09:32:39

The Bangladesh Petroleum Corporation (BPC) is set to send a proposal to power, energy and mineral resources ministry for a substantial hike in the prices of petroleum products. It aims to avoid losse...

Delays in new medicine prompt patients to buy drugs online

Delays in new medicine prompt patients to buy drugs online

-- 2018-10-03 18:39:49

Frustrated by delays in new medicines reaching their own country, a small but growing number of patients are turning to an online broker that bills itself as a legal version of the Dallas Buyers Club,...

MetLife inks group insurance deal with Freyssinet Menard

MetLife inks group insurance deal with Freyssinet Menard

FE Online Desk 2018-10-03 15:19:54

MetLife Bangladesh and Freyssinet Menard Northern Emirates LLC inked a group insurance agreement recently. According to this agreement, MetLife Bangladesh will provide Group Life and Medical Coverage...

"Yamaha Riding Fiesta" ends Wednesday

"Yamaha Riding Fiesta" ends Wednesday

FE Online Desk 2018-10-03 14:59:02

A three-day "Yamaha Riding Fiesta", hosted by ACI Motors ends on Wednesday at International Convention City Bashundhara. ACI Motors Managing Director Dr. F H Ansarey inaugurated the event on October...

BD second largest in global ship scraping

BD second largest in global ship scraping

FE Online Report 2018-10-03 14:49:35

Bangladesh is the second largest ship scraping country in the world, according to a report released by the United Nations Conference on Trade and Development (UNCTAD). It showed that in 2017, some 6....

Mirsarai Economic Zone to have technology centre

Mirsarai Economic Zone to have technology centre

Our Correspondent 2018-10-03 10:43:30

The government is going to set up a technology centre in the Mirsarai Economic Zone to facilitate export diversification, create skilled workforce and support technical development. The technology ce...

Motorbike sales zoom up

Motorbike sales zoom up

SM Najmus Sakib 2018-10-03 10:38:23

Motorbike sales have seen a significant rise in the country over the past several years as the import-based industry gets a boost from the government's policy support. According to trade insiders,...

Call for customs to cut scrutiny below 5.0pc

Call for customs to cut scrutiny below 5.0pc

Syful Islam 2018-10-03 10:32:28

The customs have been asked to bring down physical inspection of imported containers to below 5.0 per cent to expedite delivery, officials said. Customs officials now physically verify 12 per cent to...

NBR asks NGOs, pvt firms to use new income tax return form

NBR asks NGOs, pvt firms to use new income tax return form

FE Report 2018-10-03 09:47:27

The income tax wing has asked NGOs, firms and private organisations to submit their tax returns for fiscal year (FY) 2018-19 in the new form, which was introduced in 2016. The wing under the National...

Tax waiver on LNG import to cause Tk 110b revenue loss

Tax waiver on LNG import to cause Tk 110b revenue loss

Doulot Akter Mala 2018-10-03 09:39:52

The National Board of Revenue (NBR) has estimated a total of Tk 110 billion loss in revenue collection after the government waived import taxes on Liquefied Natural Gas (LNG). Officials said the gas...

Basic wage of RMG workers in declining trend

Basic wage of RMG workers in declining trend

FE Report 2018-10-03 09:29:27

Basic pay of the readymade garment (RMG) workers is one of the lowest in the country's industrial sub-sectors, including tannery, pharmaceutical, private jute mills, shrimp and plastic industries. Th...

NOVOAIR offers special holiday package

NOVOAIR offers special holiday package

FE Online Report 2018-10-02 19:20:58

NOVOAIR is offering a holiday package of two nights and three days stay in Cox’s Bazar and Kolkata at a reasonable price for the credit card holders of 18 banks. The offer is valid from 01 Octo...

BJMC, UK company ink MoU on ‘Sonali Bag’ production

BJMC, UK company ink MoU on ‘Sonali Bag’ production

-- 2018-10-02 14:54:52

Bangladesh Jute Mills Corporation (BJMC) and Futamura Chemical Ltd, a United Kingdom-based company, have inked a Memorandum of Understanding (MoU) for producing 'Sonali Bag' commercially. BJMC Secret...

ICSB team calls on FRC chief

ICSB team calls on FRC chief

FE Online Desk 2018-10-02 14:23:30

The Vice President of ICSB Mr. Md. Selim Reza FCS along with Mr. Itrat Husain FCS, Past President & Council Member of the Institute of Chartered Secretaries of Bangladesh (ICSB) called on CQK Mu...

Mercantile Bank holds workshop on SME Financing

Mercantile Bank holds workshop on SME Financing

FE Online Desk 2018-10-02 14:16:33

Mercantile Bank Training Institute (MBTI) recently organised a 3-day long workshop titled “SME Financing: Bangladesh Bank Guidelines and Appraisal of Credit Proposal”. Heads of all 129 br...

Electric cars cast growing shadow on profits

Electric cars cast growing shadow on profits

-- 2018-10-02 13:19:36

Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers. Now comes the hard part: selling th...