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The Financial Express

Search results for: Trade

'Govt to import 100,000 tonnes of coal'

'Govt to import 100,000 tonnes of coal'

-- 2018-08-26 18:14:10

The government has decided to import 100,000 tonnes of coal to meet emergency needs of Barapukuria coal-based power plant. State minister for Power, Energy and Mineral Resources Nasrul Hamid revealed...

Crisis over rawhide sale to be resolved soon: Tofail

Crisis over rawhide sale to be resolved soon: Tofail

-- 2018-08-26 17:03:09

Commerce Minister Tofail Ahmed on Sunday said the crisis over the sale of rawhide of sacrificial animals will be over soon as the government has taken steps in this regard. Talking to journalists at...

Anil Ambani quits as director of Reliance Naval and Engineering

Anil Ambani quits as director of Reliance Naval and Engineering

-- 2018-08-26 13:42:18

Anil D Ambani has resigned as director of the Reliance Naval and Engineering Limited (RNAVAL), the company said on Saturday. He has resigned in compliance with provisions of Section 165 of the Compan...

BCS receives feedback from customers thru hotline

BCS receives feedback from customers thru hotline

Sajibur Rahman 2018-08-26 11:47:42

Computer buyers have started coming up with suggestions and complaints regarding the new policies the Bangladesh Computer Samity (BCS) introduced for the benefits of both the consumers and traders....

RMG industry steadily getting corporatised

RMG industry steadily getting corporatised

Monira Munni 2018-08-26 10:34:06

Local ready-made garment (RMG) industry is gradually adopting corporate culture due to increasing role of their owning conglomerates, with a view to improving operational efficiency, managerial capaci...

Fresh hike in gas tariff in September likely

Fresh hike in gas tariff in September likely

M Azizur Rahman 2018-08-26 09:39:27

The country's energy regulator is set to announce a fresh hike in natural gas tariff in September to foot the import bills of 'expensive' LNG, said officials. The Bangladesh Energy Regulatory Commiss...

Tanners to complete rawhide purchase by next week

Tanners to complete rawhide purchase by next week

-- 2018-08-25 21:10:15

Claiming that misleading information is being spread over the prices of sacrificial animal rawhides, tanners said that they will complete the rawhide purchase by next week at the rates fixed by the go...

BD's entrepreneurs join int'l RMG exhibition in Canada

BD's entrepreneurs join int'l RMG exhibition in Canada

-- 2018-08-25 18:14:40

17 readymade garment (RMG) factories and exporters from Bangladesh participated in a three-day exhibition in Canada, titled “Apparel Textile Sourcing Canada (ATSC)”. The fair was held at...

Mobile payment on fast growth in China

Mobile payment on fast growth in China

-- 2018-08-25 14:28:27

Mobile payments in China continued fast growth in the second quarter (Q2) of 2018, the central bank data showed. The country's banks processed 14.92 billion mobile payment transactions in the second...

Wells Fargo cuts more than 600 mortgage jobs

Wells Fargo cuts more than 600 mortgage jobs

Reuters 2018-08-25 13:54:09

Wells Fargo & Co, the fourth-largest US bank, is laying off more than 600 workers as it grapples with a slowdown in its mortgage business, a bank spokesman says. The bank has given 60 days notice...

Tap labour market for maids in HK: Experts

Tap labour market for maids in HK: Experts

Arafat Ara 2018-08-25 11:45:16

Bangladesh has failed to tap into the labour market for its women workers in Hong Kong due to lack of proper initiatives, migrant experts and sector insiders said. Manpower recruiting agencies mainly...

India's SGPL to supply 250MW power to BD

India's SGPL to supply 250MW power to BD

-- 2018-08-25 11:24:56

India's Sembcorp Gayatri Power Limited (SGPL) power plant has won a tender from Bangladesh Power Development Board (BPDB) to supply 250MW of power for 15 years, reports power-technology.com. SGPL i...

CPA pleads for dedicated Dhaka-Ctg freight corridor

CPA pleads for dedicated Dhaka-Ctg freight corridor

Syful Islam 2018-08-25 11:21:12

The Chittagong Port Authority (CPA) has sought to build a dedicated railway track for transportation of the increased volume of cargoes to and from Dhaka, officials said. CPA Chairman Zulfiqur Aziz i...

Fish, veg dear on short supplies

Fish, veg dear on short supplies

FE Report 2018-08-25 10:28:43

Fish, vegetables and many grocery items were rare in the city markets on Friday, the weekend just after the three-day Eid-ul-Azha holidays, as most vendors did not turn up. Cashing in on this situati...

NBR plans surprise visits to non-company entities

NBR plans surprise visits to non-company entities

Doulot Akter Mala 2018-08-25 09:47:24

The National Board of Revenue (NBR) is contemplating a plan to conduct sudden drives at non-company entities, including beauty parlours and fast food shops, in a bid to find out foreign nationals work...

Cainiao teams up with Singapore Airlines

Cainiao teams up with Singapore Airlines

-- 2018-08-24 22:29:59

Cainiao Network Technology Co, Ltd, the logistics arm of Chinese e-tailing giant Alibaba Group, signed a strategic partnership with Singapore Airlines to step up its international air cargo services o...

Turkish lira firms against dollar

Turkish lira firms against dollar

-- 2018-08-24 22:27:42

The Turkish lira firmed against the dollar on Friday after weakening in thin holiday trade this week, as a bitter standoff dragged on between Ankara and Washington over the fate of an American pastor...

Xiaomi threatens price war with Samsung, others in India

Xiaomi threatens price war with Samsung, others in India

-- 2018-08-24 18:12:21

Xiaomi has unveiled a smartphone with high-end features and a budget price, under a new brand. The Poco F1 features the latest Snapdragon chip, a larger-than-normal 4,000mAh battery and up to eight g...

Siemens denies job cuts report

Siemens denies job cuts report

-- 2018-08-24 15:30:49

German engineering giant Siemens denied on Friday a report by German monthly Manager Magazin that said it could cut 20,000 jobs as part of its “Vision 2020” strategy. “We do not fol...

Goldman Sachs opens digital consumer bank in Britain

Goldman Sachs opens digital consumer bank in Britain

-- 2018-08-24 14:36:43

Goldman Sachs has opened its digital consumer savings platform Marcus to its own staff in Britain ahead of a wider roll-out to the public in the coming weeks, according to an internal memo sent to sta...

Volkswagen to inject $4b to build digital businesses, software

Volkswagen to inject $4b to build digital businesses, software

-- 2018-08-24 14:27:58

Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services su...

Dhaka sees over 10000 new cars in seven months

Dhaka sees over 10000 new cars in seven months

FE Online Report 2018-08-24 12:53:38

More than 10,000 new private passenger cars were pressed into service in Dhaka in the first seven months of the current year. Statistics available with Bangladesh Road Transport Authority (BRTA) show...

Fiat Chrysler, VW issue recalls for cars in Mexico

Fiat Chrysler, VW issue recalls for cars in Mexico

-- 2018-08-24 11:58:49

Citing possible electronic problems, the Mexican unit of Fiat Chrysler issued a recall notice to the owners of more than 122,000 vehicles, Mexico’s consumer watchdog Profeco has said. Profeco s...

Dhaka, Guwahati air connectivity soon

Dhaka, Guwahati air connectivity soon

-- 2018-08-23 20:47:00

GUWAHATI: The Ministry of Civil Aviation under its UDAN Draft Scheme is planning to connect Guwahati with 6 international destinations by air, according to a report by www.sentinelassam.com. The 6 de...

Australia bans China’s Huawei from mobile network project, angers Beijing

Australia bans China’s Huawei from mobile network project, angers Beijing

-- 2018-08-23 17:27:50

Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an &...

US-China trade war escalates as new tariffs kick in

US-China trade war escalates as new tariffs kick in

-- 2018-08-23 13:46:20

The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 per cent tariffs on $16 billion worth of each other’s goods, even as mid-level officials f...

Low prices put rawhide traders in jeopardy

Low prices put rawhide traders in jeopardy

-- 2018-08-23 13:15:50

Seasonal rawhide traders fear losses after the Eid-ul-Azha this year as the wholesalers in Dhaka are reportedly waiting for the prices to drop. Usually, the wholesalers get busy in the afternoon on t...

Deposit through agent banking outlets reaches Tk 20.12b

Deposit through agent banking outlets reaches Tk 20.12b

FE Online Report 2018-08-23 12:56:05

Deposit through agent banking outlets reached Tk 20.12 billion by the end of the past fiscal year (FY18), according to the latest statistics of the central bank. It showed that on quarterly basis, de...

Cattle traders unhappy over disappointing Eid sale

Cattle traders unhappy over disappointing Eid sale

-- 2018-08-23 12:30:40

Many traders who brought cattle from outside the capital but failed to sell those before the Eid-ul-Azha were still waiting for customers at the markets in Dhaka on the Eid day. They had borrowed hea...

Secondary trading of T-bills, bonds stand at Tk 16.94 b in July

Secondary trading of T-bills, bonds stand at Tk 16.94 b in July

FE Online Report 2018-08-23 12:22:55

Secondary trading of Treasury Bills (T-bills) and Treasury Bonds (T-bonds) jumped significantly in the first month of the current fiscal year (FY19). Latest statistics, released by the central bank,...