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The Financial Express

Search results for: Trade

Container handling at Ctg port hits record high

Container handling at Ctg port hits record high

Pankaj Dastider 2018-07-03 10:23:50

The Chittagong Port handled over 2.8 million 20-foot containers in the last fiscal year, up 12.19 per cent over the previous year. The prime seaport handled a total of 2,808,554 TEUs (twenty-foot equ...

Trump makes veiled WTO threat over tariffs

Trump makes veiled WTO threat over tariffs

-- 2018-07-03 09:47:36

US President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Un...

Many railway stations still remain closed for lack of manpower

Many railway stations still remain closed for lack of manpower

Munima Sultana 2018-07-03 09:29:53

Bangladesh Railway (BR) is yet to reopen half of its closed stations even after more than two years due to a shortage of manpower and infrastructure. According to sources, the manpower crisis reached...

FBCCI wants early formation of banking reforms commission

FBCCI wants early formation of banking reforms commission

FE report 2018-07-03 01:03:24

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), country's apex trade body, on Monday welcomed the move to lower the lending rate to single digit by banks and called for stron...

Nissan scraps $1b battery unit sale to China firm

Nissan scraps $1b battery unit sale to China firm

-- 2018-07-02 15:40:10

Nissan Motor has cancelled a potential $1 billion sale of its electric car battery unit to China’s GSR Capital, opening the door to other likely suitors keen on a component that is vital for the...

Govt doubles wages for workers  at state-run factories

Govt doubles wages for workers at state-run factories

-- 2018-07-02 15:10:20

The government has approved a new wage and allowance structure for workers at state-run factories, doubling their monthly wages. According to the new structure, state-run factory workers will be paid...

Euro zone June factory growth slips to weakest in 18 months

Euro zone June factory growth slips to weakest in 18 months

-- 2018-07-02 14:33:23

Euro zone factory growth slowed to an 18-month low in June, slipping for the sixth month in a row amid widespread concerns about trade barriers and their impact on overall economic activity, a survey...

UMPL commissions first fast track power plant at Jamalpur

UMPL commissions first fast track power plant at Jamalpur

FE Online Desk 2018-07-02 13:58:57

United Mymensingh Power Ltd (UMPL) has commissioned its first fast track power plant at Jamalpur. The 200 MW (net) HFO-fired power plant is one of the 10 power plants awarded by the Government on a f...

Myanmar targets to export 2.5m tons of rice

Myanmar targets to export 2.5m tons of rice

-- 2018-07-02 12:44:36

Myanmar Rice Federation (MCF) targets to export 2.5 million tons of rice this year, which is the country's major agricultural product, local Daily Eleven reported Monday. Meanwhile, the country earne...

Investors seek cover as trade battles rattle world markets

Investors seek cover as trade battles rattle world markets

-- 2018-07-02 12:29:25

Investors have sharply increased their use of hedging strategies, signalling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South K...

BD to get more tariff reduction under APTA

BD to get more tariff reduction under APTA

-- 2018-07-02 10:48:51

The tariff-cut amendment of the Asia-Pacific Trade Agreement (APTA) became effective Sunday, with China's Ministry of Commerce saying it would facilitate regional economic integration in Asia, accordi...

Banking sector nearing 10,000-branch mark

Banking sector nearing 10,000-branch mark

FE Report 2018-07-02 10:40:35

The banking sector is going to set a new milestone as the number of bank branches across the country is likely to reach the 10,000-mark soon. The number of bank branches both in the private and publi...

GE offers most cost-effective technology for power plant

GE offers most cost-effective technology for power plant

M Azizur Rahman, back from USA 2018-07-02 10:35:47

General Electric [GE] has made the world's fastest-growing fleet of gas turbines, officials of the US energy giant said. The turbines have significantly lowered the operating costs and reduced emissi...

Gold prices inch down as dollar firms

Gold prices inch down as dollar firms

Reuters 2018-07-02 10:35:08

Gold prices edged down in early Asian trade on Monday as the dollar firmed, changing direction from Friday when the metal rose for the first time in five sessions. Fundamentals * Spot gold was down...

Bilateral trade with BD to increase even after Brexit

Bilateral trade with BD to increase even after Brexit

FE Report 2018-07-02 10:28:44

The visiting UK minister of state for Asia and the Pacific at the Foreign and Commonwealth Office has said bilateral trade with Bangladesh would increase even after Brexit. Bilateral relations betwee...

BD consumers face high tariffs: PRI

BD consumers face high tariffs: PRI

FE Report 2018-07-02 10:07:38

The Policy Research Institute of Bangladesh (PRI) has released the second issue of Policy Insights, a quarterly publication of the think-tank. The lead article in this issue sheds light on the highly...

Eastern Chemical Industries closes

Eastern Chemical Industries closes

Pankaj Dastider 2018-07-02 10:02:50

Eastern Chemical Industries (ECI) Ltd, a unit of the Freedom Fighters Welfare Trust, has been closed for incurring losses continuously. The authority concerned has already announced the closure of th...

Oil falls amid rising Saudi output

Oil falls amid rising Saudi output

-- 2018-07-02 10:00:01

Oil prices fell by more than 1.0 per cent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand. Brent crude oil futures...

Mixed trend marks H1 profit earning by PCBs

Mixed trend marks H1 profit earning by PCBs

Siddique Islam 2018-07-02 09:46:39

The unaudited operating profit of the country's private commercial banks (PCBs) showed a mixed trend in the first half (H1) of the current calendar year (2018). Of the 40 PCBs, the operating profit o...

LankaBangla Finance signs MoU with US-Bangla

LankaBangla Finance signs MoU with US-Bangla

FE Online Desk 2018-07-01 16:03:52

LankaBangla Finance Limited (LBFL) has recently signed a Memorandum of Understanding (MoU) with US-Bangla Airlines for its customer privilege. Khurshed Alam, Head of Retail Finance of LBFL and Md Sha...

Takaful Islami Insurance arranges 97th board meeting

Takaful Islami Insurance arranges 97th board meeting

FE Online Desk 2018-07-01 13:41:22

The 97th meeting of the board of directors of Takaful Islami Insurance Limited was held recently at the head office of the company. The Chairman of the company, Anwer Hossain Khan presided over the m...

Mercantile Bank, Bakhrabad Gas ink deal

Mercantile Bank, Bakhrabad Gas ink deal

FE Online Desk 2018-07-01 13:36:43

Mercantile Bank Limited has recently signed an agreement with Bakhrabad Gas Distribution Co. Ltd (BGDCL). The agreement was signed by Adil Raihan, Deputy Managing Director and CSBO of the Bank and Af...

Islami Commercial Insurance holds 124th board meeting

Islami Commercial Insurance holds 124th board meeting

FE Online Desk 2018-07-01 13:14:30

The 124th meeting of the board of directors of Islami Commercial Insurance Company Limited was held recently at the company’s Head office premises at Motijheel area in the capital. Different po...

Phoenix Insurance holds 32nd AGM

Phoenix Insurance holds 32nd AGM

FE Online Desk 2018-07-01 12:53:23

The 32nd Annual General Meeting of Phoenix Insurance Company Ltd was held recently at Institution of Diploma Engineers Dhaka. The AGM approved 16 per cent cash dividend for the shareholders for...

City Bank signs agreement with PHP Automobiles

City Bank signs agreement with PHP Automobiles

FE Online Desk 2018-07-01 12:43:11

City Bank Ltd recently signed an agreement with PHP Automobiles Ltd under which the bank will be offering attractive interest rates & zero processing fees for customer’s purchase of brand ne...

BEZA initiates mega plan to build green economic zones

BEZA initiates mega plan to build green economic zones

-- 2018-07-01 12:11:36

All the 100 economic zones of the country will be built as environmentally and ecologically friendly enclaves as Bangladesh Economic Zones Authority (BEZA) has taken a mega plan to plant two million t...

China factory growth slows in June as trade tensions rise

China factory growth slows in June as trade tensions rise

-- 2018-07-01 11:43:20

Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns abo...

Saudi king promises more oil  output: White House

Saudi king promises more oil output: White House

-- 2018-07-01 10:50:05

The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2.0 million barrels per day of spare capacity available, the White House said...

Fisheries, livestock ministry spends 70.89pc of funds in 11 months

Fisheries, livestock ministry spends 70.89pc of funds in 11 months

FE Report 2018-07-01 10:20:31

The fisheries and livestock ministry spent Tk 5.84 billion of the total allocation for 48 projects during the period from July 2017 to May 2018. The amount is 70.89 per cent of the total outlay of Tk...

SAARC Development Fund to raise $30m for member states

SAARC Development Fund to raise $30m for member states

-- 2018-07-01 10:17:33

The SAARC Development Fund (SDF), which has just given in-principle approval for two infrastructure projects with a cumulative funding of USD 30 million, would be engaging with top multilateral instit...