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The Financial Express

Search results for: Trade

Oil prices slip after OPEC output rise

Oil prices slip after OPEC output rise

-- 2018-07-31 12:01:50

Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply concerns after a report showed OPEC’s output in July rose to its highest for 2018....

Govt mulls coal import from Australia, S Africa, Indonesia

Govt mulls coal import from Australia, S Africa, Indonesia

FE Report 2018-07-31 11:02:30

The government is considering coal import from Australia, South Africa and Indonesia to re-initiate electricity generation from Barapukuria coal-fired power plant and resolve existing 'voltage' proble...

Experts for greater safety of digital payment system

Experts for greater safety of digital payment system

FE Report 2018-07-31 10:16:06

The banking industry leaders have called for greater interoperability and safety of the digital payment infrastructure to facilitate the country's move towards becoming a digital economy. At the same...

Higher NPLs hit asset quality of banks

Higher NPLs hit asset quality of banks

FE Report 2018-07-31 09:56:12

Higher classified loans in public banks in the recent years remain a concern for the banking sector from financial stability perspective, the central bank said. It also said asset quality for the cou...

Onion prices soar in Magura

Onion prices soar in Magura

Our Correspondent 2018-07-30 20:59:23

MAGURA, July 30: Unusual price hike of onion has raised concern among the people in the district. A good number of locals said upcoming Eid-ul-Azha may be the main reason behind this. During a visit...

Export to Spain jumps by 21.40pc in past fiscal

Export to Spain jumps by 21.40pc in past fiscal

FE Online Report 2018-07-30 14:46:40

Merchandise export to Spain from Bangladesh jumped by 21.40 per cent in the past fiscal year. Export Promotion Bureau (EPB) data showed that the export to that country reached at 2.45 billion in FY18...

Citi adds three new API  partners in Hong Kong

Citi adds three new API partners in Hong Kong

FE Online Desk 2018-07-30 14:07:13

Citigroup Inc has added three new API (Application Programming Interface) partners as the bank continues its effort to promote the benefits of API usage and cross-industry collaboration with the aim o...

Nippon Paint appoints AYDA  Council members for 2019-20

Nippon Paint appoints AYDA Council members for 2019-20

FE Online Desk 2018-07-30 13:47:03

NIPSEA Group has appointed an independent advisory panel for its maiden Asia Young Designer Awards Council 2019/20 ('AYDA Council'). Known throughout Asia as Nippon Paint, it made the announcement in...

'Do the needful for female KSA returnees'

'Do the needful for female KSA returnees'

FE Report 2018-07-30 11:53:09

Migrant rights activists urged the government on Sunday to provide necessary support to the women domestic helps who have returned from the Kingdom of Saudi Arabia (KSA) after facing different types o...

Japan to help build another mass transit corridor

Japan to help build another mass transit corridor

Munima Sultana 2018-07-30 10:14:25

The government is likely to get highest-ever funds from Japan to construct next mass transit corridor from Hazrat Shahjalal International Airport (HSIA) to Kamalapur Railway Station. The assurance ab...

Alleged gold scam: Muhith sees no reason to raise hue and cry

Alleged gold scam: Muhith sees no reason to raise hue and cry

Rezaul Karim 2018-07-30 09:59:56

Finance Minister AMA Muhith has said there is no reason to raise a hue and cry over alleged mismatch in gold preserved at the central bank vault. "I have tried to get information about security syste...

Brent eases as trade tensions weigh

Brent eases as trade tensions weigh

-- 2018-07-30 09:59:17

Oil prices were mixed on Monday with US benchmark WTI nudging higher after four weeks of declines, while Brent began the week lower as the fallout from trade tensions weighed on markets. US West Texa...

Govt claims liquidated damages from Excelerate Energy

Govt claims liquidated damages from Excelerate Energy

M Azizur Rahman 2018-07-30 09:41:05

The government has claimed liquidated damages (LD) from the US-based Excelerate Energy Bangladesh Ltd (EEBL), as the latter 'failed' to commission and initiate re-gasification of imported LNG (liquefi...

G20 agri ministers slam protectionism, pledge WTO reforms

G20 agri ministers slam protectionism, pledge WTO reforms

-- 2018-07-29 21:40:35

Agriculture ministers from the G20 countries criticised protectionism in a joint statement on Saturday, reports Reuters. They vowed to reform World Trade Organisation (WTO) rules, but did not detail...

City Bank, bKash enter strategic partnership

City Bank, bKash enter strategic partnership

-- 2018-07-29 16:44:51

City Bank and bKash Limited on Sunday announced a strategic partnership, enabling their customers to enjoy a bundle of services, including instant fund transfer between bank account to bKash account,...

Emirates opens dedicated airport lounge in Cairo

Emirates opens dedicated airport lounge in Cairo

-- 2018-07-29 14:21:03

Emirates has unveiled its 42nd dedicated lounge across the global network, first of its kind at Cairo International Airport (CAI) recently. The lounge is now open to Emirates First Class and Business...

Singer, Brac provide free tailoring training to underprivileged women

Singer, Brac provide free tailoring training to underprivileged women

FE Online Desk 2018-07-29 14:16:02

With a view to providing tailoring training to 5000 underprivileged women in Bangladesh, Brac and Singer Bangladesh Limited jointly launched a special project titled ‘Obolombon’. The proj...

Export to Japan jumps by 11.73pc

Export to Japan jumps by 11.73pc

FE Online Report 2018-07-29 13:24:30

Merchandise export to Japan jumped by 11.73 per cent in the past fiscal year, according to the statistics released by Export Promotion Bureau (EPB). It showed that Bangladeshi export to Japan reached...

Union Bank, Xpress Money ink deal

Union Bank, Xpress Money ink deal

FE Online Desk 2018-07-29 13:02:29

Union Bank Limited and Xpress Money Services Ltd recently executed an agreement regarding remittance arrangement in Dubai. Omar Farooque, Managing Director of Union Bank Limited  and Sudhesh Gir...

UCB arranges workshop on advanced general banking

UCB arranges workshop on advanced general banking

FE Online Desk 2018-07-29 12:53:03

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BMW to raise prices of two US-made SUV models in China

BMW to raise prices of two US-made SUV models in China

-- 2018-07-29 11:03:23

German carmaker BMW said it will raise the prices of two US-made crossover sport-utility vehicles in China to take into account the additional cost of tariffs on US car imports into the world’s...

IBC for fixation of Tk 16,000

IBC for fixation of Tk 16,000

FE Report 2018-07-29 10:33:13

Rejecting both the owners and workers' proposal, Industriall Bangladesh Council (IBC) on Saturday demanded Tk 16,000 as minimum monthly wage for entry level garment workers. The IBC also announced th...

Building materials' prices budge, bricks defiant

Building materials' prices budge, bricks defiant

Saif Uddin 2018-07-29 10:29:06

The prices of key construction materials like steel rod and cement have receded slightly in recent weeks. Traders have attributed this fall in prices and demand for the raw materials to monsoon. But...

G20 ministers slam  protectionism, pledge WTO reforms

G20 ministers slam protectionism, pledge WTO reforms

-- 2018-07-29 09:56:23

Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they wou...

ADB sees 'bright' prospect for BD Islamic banking

ADB sees 'bright' prospect for BD Islamic banking

FE Report 2018-07-29 09:44:07

The Asian Development Bank (ADB) has said the outlook for Islamic banking and finance in Asia, including Bangladesh is bright given the continent's large Muslim population and growing middle class. T...

NBR detects evasion of Tk 8.7b in tax

NBR detects evasion of Tk 8.7b in tax

Doulot Akter Mala 2018-07-29 09:32:39

Income tax intelligence and investigation cells across the country have uncovered tax evasion worth Tk 8.71 billion. The two wings of the National Board of Revenue (NBR) have detected the evasion aft...

ADB to provide $501.5m assistance for Rupsha Power Plant

ADB to provide $501.5m assistance for Rupsha Power Plant

-- 2018-07-28 16:33:39

Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800MW combined cycle power plant project. Out of the total amount, the Manila-based lendi...

Konica Minolta to digitise 10 million  records for a public agency

Konica Minolta to digitise 10 million records for a public agency

FE Online Desk 2018-07-28 15:52:47

Konica Minolta Business Solutions Asia has been awarded a contract by a public agency to digitise its operational efficiency and accessibility of records via its Document Process Outsourcing Solution....

BD’s revealed comparative  advantage in clothing is very high: Report

BD’s revealed comparative advantage in clothing is very high: Report

FE Online Report 2018-07-28 14:37:12

The revealed comparative advantage (RCA) of the clothing industry of Bangladesh is very high compared to its major global competitors like China, Vietnam and India. A report published in Mint on Mond...

Export to US up by 2.40pc in FY18

Export to US up by 2.40pc in FY18

FE Online Report 2018-07-28 14:17:21

The country’s merchandise export to the United States (US) increased by 2.40 per cent in the past fiscal year, according to the statistics released by Export Promotion Bureau (EPB). It showed t...