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The Financial Express

Search results for: Trade

Gold pares losses from 19-month  low as US dollar softens

Gold pares losses from 19-month low as US dollar softens

-- 2018-08-16 12:35:09

Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer US dollar following news that Beijing will...

US tariffs to stay on Turkey, Qatar offers Ankara aid

US tariffs to stay on Turkey, Qatar offers Ankara aid

-- 2018-08-16 11:21:34

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a US pastor, as Qatar pledged $15 billion in investment to Tur...

BPDB to take bids from private cos until Sept 20

BPDB to take bids from private cos until Sept 20

FE Report 2018-08-16 10:42:30

The government has invited bids from potential entrepreneurs to build the country's first waste-based power plant to generate around 5.0 megawatts (MW) of electricity. The state-run Bangladesh Power...

Barisal-Kuakata four-lane upgrade: RHD pushes for approval

Barisal-Kuakata four-lane upgrade: RHD pushes for approval

FHM Humayan Kabir 2018-08-16 10:35:05

The Roads and Highways Department (RHD) has proposed widening of Barisal-Patuakhali-Kuakata highways into four-lane despite, though the condition of the Dhaka-Barisal highways is poor, officials sai...

EBL looks to expand regional footprint

EBL looks to expand regional footprint

FE Report 2018-08-16 10:32:29

Eastern Bank Limited (EBL) has decided to open a full-fledged branch in Kolkata as a strategy to spread its wings to neighbouring India, before establishing regional footprint. For strategic reason...

China, US to hold next round of  trade talks in late August

China, US to hold next round of trade talks in late August

-- 2018-08-16 10:12:39

China said on Thursday a delegation would attend the next round of trade talks with US counterparts in Washington later this month, in the latest bid to defuse a conflict that has set world markets on...

Banks go rural for inclusive growth

Banks go rural for inclusive growth

Rezaul Karim 2018-08-16 09:44:50

The country's commercial banks have made their presence significantly in the mostly unbanked rural areas in recent times. The urban-focused banks are going rural to help the government foster financi...

RMG exports to US grow 4.81pc in first half

RMG exports to US grow 4.81pc in first half

Monira Munni 2018-08-16 09:41:18

Bangladesh's apparel exports to the United States grew by 4.81 per cent during the first half of 2018 compared to that of last year. The country fetched $2.70 billion from apparel exports to the US m...

Importers avail tax waiver using system's loopholes

Importers avail tax waiver using system's loopholes

Doulot Akter Mala 2018-08-16 09:38:07

The National Board of Revenue (NBR) is losing a significant amount of revenue due to the lack of relevant orders against duty-free code of import items. All duty-free items have separate Customs Proc...

Sales of sharp tools up ahead of Eid-ul-Azha

Sales of sharp tools up ahead of Eid-ul-Azha

SM Najmus Sakib 2018-08-16 00:29:37

Sales of different types of sharp instruments, such as knives and traditional kitchen knives, have started picking up in the city ahead of the holy Eid-ul-Azha. Traders, however, are not yet happy wi...

Slowdowns in China, India eat  away at Asian oil demand

Slowdowns in China, India eat away at Asian oil demand

-- 2018-08-16 00:28:03

Oil demand from Asia's biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world's largest economies and eroding a key pillar of global petroleum...

China vows to control debt despite  fresh stimulus for cooling economy

China vows to control debt despite fresh stimulus for cooling economy

-- 2018-08-16 00:26:53

China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the US deepens, reports Reute...

Aziz Khan among 50 richest people in Singapore

Aziz Khan among 50 richest people in Singapore

-- 2018-08-15 17:33:13

Bangladeshi businessman and Summit Group Chairman Muhammed Aziz Khan ranks 34th among 50 richest people in Singapore with $910 million net worth, according to a 2018 list published by the Forbes. The...

BEPZA export hits record high in FY 2017-18

BEPZA export hits record high in FY 2017-18

FE Online Desk 2018-08-15 16:23:47

Eight export processing zones of BEPZA have exported at 19.66 per cent growth rate, hitting all-time record high in the fiscal year (FY) 2017-18. A total of 476 operational enterprises of the Bangl...

Bank Asia, USAID jointly launch `Agent Nirdeshika’

Bank Asia, USAID jointly launch `Agent Nirdeshika’

FE Online Desk 2018-08-15 13:13:56

Bank Asia and USAID jointly launched `Agent Nirdeshika’, a publication by Bank Asia in its Corporate Office in Purana Paltan, Dhaka on Tuesday, said a statement.  Mr. Mohammed Zahirul Alam...

Dollar hits fresh 13-month high

Dollar hits fresh 13-month high

-- 2018-08-15 13:03:58

The dollar hit another 13-month high against a basket of major currencies on Wednesday as safe-haven demand rooted in fears over fallout from the Turkish lira’s recent drop boosted the US curren...

DU convocation fee through bKash

DU convocation fee through bKash

FE Online Desk 2018-08-15 12:43:22

Students of the University of Dhaka can pay their registration fee through bKash to attend the 51st convocation to be held on October 06, 2018. Beginning from August 12, 2018, the students who have c...

City Bank inks deal with Runner Automobiles

City Bank inks deal with Runner Automobiles

FE Online Desk 2018-08-15 12:35:55

City Bank has recently signed an agreement with Runner Automobiles Limited. Under this agreement, City Bank American Express Credit cardmembers will be able to avail ‘Flexibuy' installment plan...

Feed producers oppose compulsory use of jute bags

Feed producers oppose compulsory use of jute bags

FE Report 2018-08-15 10:06:23

The fish and poultry feed producers have strongly protested compulsory use of jute bags for feeds as the government recently made it mandatory. They said the use of jute bags for the feed of poultry...

StanChart launches new home finance solution

StanChart launches new home finance solution

FE Report 2018-08-15 09:58:59

The Standard Chartered has recently introduced its new variant of home finance solution called 'MortgageOne' in the Bangladesh market. Under this new home loan scheme, the customer's loan account i...

BHBFC seeks govt nod to cut flat loan interest rate to 9.0pc

BHBFC seeks govt nod to cut flat loan interest rate to 9.0pc

Syful Islam 2018-08-15 09:53:46

The Bangladesh House Building Finance Corporation (BHBFC) has sought the government's approval to reduce the interest rate on flat purchase loans to 9.0 per cent, officials said. Presently, the rat...

RAJUK body revises land prices in N’ganj, Nikunja, Uttara

RAJUK body revises land prices in N’ganj, Nikunja, Uttara

Kamrun Nahar 2018-08-15 09:47:29

The property revaluation committee of RAJUK has submitted the new price list of per-katha land at Narayanganj, Nikunja and Uttara, and per-square-foot space at Hatirjheel project and duplex flat at...

Ctg users to get LNG supply from Thursday

Ctg users to get LNG supply from Thursday

FE Report 2018-08-15 09:38:24

The consumers of port-city Chattogram are set to get the country's first re-gasified LNG supply from tomorrow (Thursday) after completion of all pre-commissioning activities, said officials. The re-g...

Banks now can open FX clearing account in yuan

Banks now can open FX clearing account in yuan

Siddique Islam 2018-08-15 09:26:47

The central bank has allowed banks to open foreign currency clearing account with Bangladesh Bank (BB) in Chinese yuan renminbi to facilitate bilateral foreign trade, officials said. The BB issued a...

China steel mills shrug off anti-smog measures

China steel mills shrug off anti-smog measures

-- 2018-08-14 22:10:25

China's steel output rose in July to a fourth straight monthly record as mills ran full tilt to cash in on strong profit margins, despite anti-smog measures imposed by local governments, reports Reute...

Meghna Bank cardholders to get 25pc discount at LABAID

Meghna Bank cardholders to get 25pc discount at LABAID

FE Online Desk 2018-08-14 15:05:48

Meghna Bank Limited has recently signed a Memorandum of Understanding (MoU) with LABAID Group. Under the agreement, card holders of Meghna Bank will be able to avail up to 25 per cent discount facili...

Netflix finance chief David Wells to step down

Netflix finance chief David Wells to step down

-- 2018-08-14 12:39:18

Netflix Inc Chief Financial Officer David Wells will step down after eight years in the role, the video streaming company said on Monday. Wells will remain with Netflix until his successor is found,...

S Korea bans 20,000 BMW cars after engine fires

S Korea bans 20,000 BMW cars after engine fires

-- 2018-08-14 11:54:09

South Korea’s transport ministry said on Tuesday it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about engine fires. The driving ban decision comes after 27 en...

Lax monitoring paves way for  onion price hike ahead of Eid

Lax monitoring paves way for onion price hike ahead of Eid

-- 2018-08-14 11:07:40

Both the homegrown and imported onions are getting pricey ahead of Eid-ul-Azha despite the fact that government allowed a duty free import of Indian onion. Market sources blamed lax monitoring for su...

Govt moves to set lifespan of new roads, buildings

Govt moves to set lifespan of new roads, buildings

Syful Islam 2018-08-14 10:39:39

The government has moved to determine the lifetime of all new public-sector roads and buildings to be built across the country, officials said. The Prime Minister's Office (PMO) has recently asked...