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The Financial Express

Search results for: Trade

Mazda aims to go all-electric by 2030

Mazda aims to go all-electric by 2030

-- 2018-10-02 13:18:58

Japanese automaker Mazda said on Tuesday that all of the vehicles it produces by 2030 will incorporate electrification, while 5 per cent of its cars will be all-battery electric vehicles (EVs). The H...

Oil close to four-year high ahead of US sanctions on Iran

Oil close to four-year high ahead of US sanctions on Iran

-- 2018-10-02 12:02:06

Oil markets were strong again on Tuesday, with Brent crude holding above $85 and near four-year highs reached the previous day as markets prepare for tighter supply once US sanctions against Iran kick...

KL in talks with Bangladesh, other countries on hiring workers

KL in talks with Bangladesh, other countries on hiring workers

FE Report 2018-10-02 11:10:47

The Malaysian government is discussing with several countries to sign memorandum of understanding (MoU) on the entry of foreign workers to the Southeast Asian country. Malaysian Human Resource Minist...

Trump hits India trade after NAFTA deal

Trump hits India trade after NAFTA deal

-- 2018-10-02 10:47:35

Fresh from clinching an updated North American commerce pact, US President Donald Trump on Monday criticised Indian and Brazilian trade tactics, describing the latter as being “maybe the toughes...

Rajuk to build another satellite town at Basila

Rajuk to build another satellite town at Basila

FHM Humayan Kabir 2018-10-02 10:45:57

The Rajdhani Unnayan Kartripakkha (Rajuk) is planning to build a mega, modern satellite town at Keraniganj to house thousands of families on the outskirts of the capital. The Rajuk, under the project...

Separate unit to manage MNC tax

Separate unit to manage MNC tax

Doulot Akter Mala 2018-10-02 10:20:30

The national revenue authorities have decided to open a dedicated unit to handle tax files of the multinational companies (MNCs) operating in Bangladesh. The International Tax Unit (ITU) at the Natio...

Accord wants to leave Bangladesh in phases

Accord wants to leave Bangladesh in phases

Monira Munni 2018-10-02 09:36:33

Accord, a platform of western buyers, has submitted an 'exit plan' to the government to end its ongoing workplace safety activities in the country's readymade garment sector, people involved with the...

NBR may slap 15pc VAT, 2.0pc AIT on import of LNG

NBR may slap 15pc VAT, 2.0pc AIT on import of LNG

M Azizur Rahman 2018-10-02 09:32:48

The country's energy regulator is waiting for issuance of a Statutory regulatory order (SRO) by the National Board of Revenue (NBR), waiving supplementary duty (SD) and customs duty (CD) on import of...

US factory activity slows in September

US factory activity slows in September

-- 2018-10-02 00:00:00

A measure of US factory activity retreated from a more than 14-year high in September as growth in new orders slowed, but supply bottlenecks appeared to be easing, suggesting a steady pace of expansio...

Grameen America distributes $1.0b in microloans in 10 years

Grameen America distributes $1.0b in microloans in 10 years

-- 2018-10-01 16:56:48

Grameen America, a micro-finance organisation in the United States, has distributed $1.0 billion in microloans to more than 100,000 low-income women entrepreneurs in the country since its inception 10...

Brent oil hits four-year high

Brent oil hits four-year high

-- 2018-10-01 15:34:59

Brent crude oil prices rose to their highest since November 2014 on Monday ahead of US sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC...

BD launches MNP service as 72nd country

BD launches MNP service as 72nd country

-- 2018-10-01 14:22:36

Bangladesh, being 72nd country in the world, has launched its mobile number portability (MNP) service, enabling customers to switch to any operator without mobile phone numbers. Jahurul Haque, acting...

BCSIR launches real-time PCR to inspect food adulteration

BCSIR launches real-time PCR to inspect food adulteration

FE Report 2018-10-01 13:49:10

The state-run Bangladesh Council of Scientific and Industrial Research (BCSIR) has introduced one of the most modern technologies to examine adulteration and diseases in various food items. The tec...

Rubaba Dowla new president of TiE Dhaka

Rubaba Dowla new president of TiE Dhaka

FE Online Desk 2018-10-01 13:25:17

The new board of the Dhaka chapter of TiE Global, world's largest network of entrepreneurs, took charge in a meeting held recently. The board was presided over by Rubaba Dowla, who has been elected a...

Pathao to deliver Sbarro pizza

Pathao to deliver Sbarro pizza

FE Online Desk 2018-10-01 13:08:11

Popular pizza chain Sbarro has signed a partnership with Pathao on Sunday at its head office.   This new partnership agreement will allow customers to order Sbarro pizza and other fast food ite...

BRAC Bank holds seminar on biz with Switzerland

BRAC Bank holds seminar on biz with Switzerland

FE Online Desk 2018-10-01 13:03:53

BRAC Bank, Bangladesh and ZürcherKantonalbank, Switzerland jointly organised a bilateral seminar on "Trade and Export Finance from Switzerland to Bangladesh” at BRAC Bank Head Office in Dha...

China to cut tariffs on 1,585 taxable items

China to cut tariffs on 1,585 taxable items

-- 2018-10-01 12:44:48

Starting from November 1 this year, China will slash most-favoured-nation tariffs on a total of 1,585 taxable items as the country moves to further open its market, an official statement has said. Th...

Gold slips as dollar firms amid Fed rate hike view

Gold slips as dollar firms amid Fed rate hike view

-- 2018-10-01 12:15:21

Gold prices dipped on Monday as the dollar firmed in the wake of indications from the US Federal Reserve last week that it will pursue a tighter monetary policy. The Fed raised US interest rates last...

Don’t place issue in board meeting beyond agenda: BB asks banks

Don’t place issue in board meeting beyond agenda: BB asks banks

FE Report 2018-10-01 12:13:46

The central bank has asked the banks not to consider any issue beyond the agenda in their board meetings. If there is any urgent matter to be considered beyond the agenda, then the proper justificati...

China to cut import tariffs on wide range of products

China to cut import tariffs on wide range of products

-- 2018-10-01 11:02:02

China will cut import tariffs on textile products and metals, including steel products, to 8.4 per cent from 11.5 per cent, effective November 1, the finance ministry said on Sunday. Beijing has pled...

Canada, US reach deal to save NAFTA

Canada, US reach deal to save NAFTA

-- 2018-10-01 10:42:00

The United States and Canada reached a deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, beating a midnight deadline with agreements to substantially boost American access to Canada&rs...

Indian investors raise taxation concerns

Indian investors raise taxation concerns

Doulot Akter Mala 2018-10-01 10:41:06

Major Indian investors in Bangladesh have raised a set of concerns over taxation-related matters, including taxes on the repatriated profit. The concerns came at a recent meeting of India's CEO For...

Focus on fully access-controlled highways for speedy, safe traffic

Focus on fully access-controlled highways for speedy, safe traffic

Munima Sultana 2018-10-01 10:33:05

The country is yet to have an expressway for fast moving traffic though transport experts consider such infrastructure to be a 'milestone' of economic development. Experts said the focus of Roads a...

Dhaka, Moscow for direct bank dealings

Dhaka, Moscow for direct bank dealings

Monira Munni 2018-10-01 10:21:03

The government has made a move to address the barriers like the absence of an effective banking transaction system to tap the billion-dollar Russian market. To this end, officials said, Dhaka has s...

PRI pleads for carbon tax to cut emissions

PRI pleads for carbon tax to cut emissions

FE Report 2018-10-01 09:59:27

Bangladesh should introduce carbon tax as a major way of reducing carbon emission and increasing government revenue, leading economic think tank Policy Research Institute has said. A carbon tax can b...

28pc banks not ready to thwart large-scale cyber attacks

28pc banks not ready to thwart large-scale cyber attacks

FE Report 2018-10-01 09:37:32

Some 28 per cent of the banks operating in the country are not prepared to thwart possible large-scale cyber attacks. On the other hand, 34 per cent of the banks are partially prepared and remainin...

LPG filling station for motor vehicles opens in Motijheel

LPG filling station for motor vehicles opens in Motijheel

-- 2018-09-30 18:48:02

A liquefied petroleum gas (LPG) filling station was launched for motor vehicles in the downtown Motijheel with automatic billing system. LPG is commonly known as Autogas when it is used as a fuel in...

Electro Polishing Plant opens in city

Electro Polishing Plant opens in city

FE Online Report 2018-09-30 16:31:55

Swiss Bio Hygienic Equipment (SBE), a joint venture of Incepta Pharmaceuticals Ltd Bangladesh, Bio Engineering Switzerland and AMS Technology of Germany, has opened 'Electro Polishing Plant' at Dhamra...

GM issues massive recall in China over faulty suspension

GM issues massive recall in China over faulty suspension

-- 2018-09-30 14:37:00

General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet, and Cadillac vehicles from October 20 because of a defect with the suspension system, C...

NRBC Bank holds BAMLCO confce

NRBC Bank holds BAMLCO confce

FE Online Desk 2018-09-30 14:04:50

NRB Commercial Bank Ltd. has recently organised Branch Anti Money Laundering Compliance Officers (BAMLCO) conference-2018 at Hotel Westin, Dhaka. The conference stressed on different aspects of Mon...