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The Financial Express

Search results for: Trade

Amendments to labour, EPZ laws by September

Amendments to labour, EPZ laws by September

Monira Munni 2018-07-01 10:12:08

Bangladesh has made commitment to the international community to make necessary amendments to the labour law and the export processing zones (EPZs) law by September next, officials said. The commitme...

Opportunities for Afghan money traders as Iran sanctions loom

Opportunities for Afghan money traders as Iran sanctions loom

-- 2018-07-01 10:12:06

Aziz Ahmad is one of the unlikely winners of the stand-off between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is providing m...

Electronic BINs to replace old version

Electronic BINs to replace old version

Doulot Akter Mala 2018-07-01 10:02:27

The existing 11-digit Business Identification Number (BIN) will be considered invalid from today (Sunday), officials of the National Board of Revenue (NBR) said. From July 01, all the existing busine...

BD 'biggest dumping ground' for old ships

BD 'biggest dumping ground' for old ships

Mehdi Musharraf Bhuiyan 2018-07-01 09:57:46

Bangladesh remains one of the world's biggest dumping grounds for worn-out vessels, despite growing concerns about the environmental and labour standards of the ship-breaking industry. The country sc...

Mobile scanner launched at Benapole port to check tax evasion

Mobile scanner launched at Benapole port to check tax evasion

-- 2018-06-30 17:21:12

Benapole port on Thursday launched a new mobile scanner with a view to controlling tax evasion as well as to check imported goods faster. The customs authority has made the scanning mandatory for a...

Thyssenkrupp, Tata Steel seal landmark joint venture deal

Thyssenkrupp, Tata Steel seal landmark joint venture deal

-- 2018-06-30 15:44:41

Germany’s Thyssenkrupp and India’s Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry’s biggest shake-up in...

First Finance celebrates 25th anniversary

First Finance celebrates 25th anniversary

FE Online Desk 2018-06-30 15:43:29

First Finance Limited has celebrated its 25th anniversary in a ceremony at the head office of the company in the capital city on Thursday. Miah Nuruddin Ahmad, chairman of the First Finance Limited,...

Pragati Life inks MoU with CMED Health

Pragati Life inks MoU with CMED Health

FE Online Desk 2018-06-30 15:07:40

Pragati Life Insurance Limited has recently entered into a strategic partnership agreement with CMED Health. M J Azim, CEO of Pragati Life and Khondaker A Mamun, PhD, Chairman of CMED Health singed t...

Meghna Bank Securities holds AGM

Meghna Bank Securities holds AGM

FE Online Desk 2018-06-30 13:37:24

The 3rd Annual General Meeting of Meghna Bank Securities Limited was held recently at Hotel Le Meridien, Dhaka. Chairman of Meghna Bank Securities Limited Mr. H. N. Ashequr Rahman, MP presided over t...

SIBL, Daraz  ink MoU

SIBL, Daraz ink MoU

FE Online Desk 2018-06-30 13:31:20

Social Islami Bank Limited (SIBL) and Daraz Bangladesh Ltd. have signed a Memorandum of Understanding (MoU) at the Head Office of the Bank recently. In presence of the Deputy Managing Director of Soc...

NRB Bank holds 5th AGM

NRB Bank holds 5th AGM

FE Online Desk 2018-06-30 13:21:36

The 5th Annual General Meeting (AGM) of NRB Bank Limited was held recently at Nazimgarh Garden Resort, Sylhet. The AGM approved 8.0 per cent cash dividend for the year 2017. Mr. Mohammed Mahtabu...

Trump tariffs could lead to US job cuts: GM

Trump tariffs could lead to US job cuts: GM

-- 2018-06-30 10:47:38

General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating US...

FTA with China :Dhaka, Beijing lay groundwork for joint feasibility study

FTA with China :Dhaka, Beijing lay groundwork for joint feasibility study

Syful Islam 2018-06-30 10:19:28

Bangladesh expects to draw a large investment from China by signing a free trade area (FTA) agreement, trade officials have said. Both countries have started working towards a joint feasibility study...

Outstanding debt of SoEs swells in May

Outstanding debt of SoEs swells in May

FE Report 2018-06-30 10:09:03

The outstanding loans of government firms to state-owned commercial banks (SoCBs) increased in May by Tk 2.42 billion over the previous month, statistics show. With the increase, the total outstandin...

Move to tap potential of mung bean export to Japan

Move to tap potential of mung bean export to Japan

Talha Bin Habib 2018-06-30 10:03:38

A move is underway to increase export of mung bean to Japan considering its huge potential in the Japanese market, officials said. As part of the move, a Japanese business delegation is going to have...

Bangladesh stands to gain from falling cotton price

Bangladesh stands to gain from falling cotton price

Jasim Uddin Haroon and Jubair Hasan 2018-06-30 10:02:49

Bangladesh's textiles and clothing sector stands to gain, to some extent, from the ongoing trade war between China and the United States. The benefit will largely be accrued from the declining price...

Road building cost likely to go up by 18pc

Road building cost likely to go up by 18pc

Munima Sultana 2018-06-30 09:55:20

Per-kilometre road construction cost is likely to increase by 18 per cent in the country due to a new schedule of rates, sources said. Roads and Highways Department (RHD) has taken the move for makin...

FBCCI urges Chinese businessmen  to invest more in Bangladesh

FBCCI urges Chinese businessmen to invest more in Bangladesh

FE Report 2018-06-30 00:18:08

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) called on Chinese businessmen to invest more in Bangladesh considering the investment-friendly environment in the country. Senio...

WTO backs Australia’s plain tobacco packaging move

WTO backs Australia’s plain tobacco packaging move

-- 2018-06-29 17:07:56

Australia has won a major trade dispute over its pioneering plain packaging for cigarettes, in a decision handed down by the World Trade Organization (WTO). Australia made it mandatory in 2011 for ci...

US Senate passes farm bill

US Senate passes farm bill

-- 2018-06-29 15:57:54

The US Senate passed a sweeping farm bill without the food stamps changes approved by the House of Representatives earlier this month. The Senate approved the bipartisan measure by an 86-11 vote. T...

India preparing for cut in oil imports from Iran

India preparing for cut in oil imports from Iran

Reuters 2018-06-29 14:55:58

India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is...

BMW hands huge battery deal to China's CATL

BMW hands huge battery deal to China's CATL

-- 2018-06-29 14:55:50

BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd (CATL), the German carmaker has said. The deal wi...

EU leaders unite over Trump tariffs, foreign investments

EU leaders unite over Trump tariffs, foreign investments

-- 2018-06-29 14:28:15

European Union leaders pledged on Friday to react firmly against protectionism and called for a new EU law to screen foreign investments, with Washington and Beijing clearly in mind. The leaders, mee...

Euro jumps on EU migration deal

Euro jumps on EU migration deal

-- 2018-06-29 11:59:21

The euro jumped more than a half cent on Friday after European Union leaders reached an agreement on migration, a thorny issue that has threatened EU unity and the fate of German Chancellor Angela Mer...

Ambulance service for migrant workers opens

Ambulance service for migrant workers opens

FE Report 2018-06-29 11:59:15

The government plans to take up hospital, school and housing projects for the welfare of expatriate Bangladeshis and their families. Expatriates' Welfare and Overseas Employment Minister Nurul Islam...

PDs now can spend two tranches of govt portion

PDs now can spend two tranches of govt portion

FE Report 2018-06-29 11:58:22

The government has empowered project directors to spend first and second instalments of the government portion of the allocated funds for approved schemes. They can utilise the funds against the ap...

Japan confirms role in six projects

Japan confirms role in six projects

FE Report 2018-06-29 11:44:01

Japan has confirmed its engagement in six large public private partnership (PPP) projects in Bangladesh. The confirmation was made at the second platform meeting held in Tokyo on June 07. Leading...

Digitising country's land registration still a far cry

Digitising country's land registration still a far cry

Jubair Hasan 2018-06-29 11:15:38

No visible progress has been made so far in reviving the halted project for digitising the country's land registration system even after eight years of launching it, officials said. The government to...

Saudi plan to boost oil output belittles OPEC, says Iran

Saudi plan to boost oil output belittles OPEC, says Iran

-- 2018-06-28 21:41:28

Iran criticised Saudi Arabia's plan to raise oil output and pressure from the United States (US) on Riyadh to do so, saying this was in breach of OPEC's decision last week and belittled the producer g...

Apple, Samsung end seven-year battle over iPhone design

Apple, Samsung end seven-year battle over iPhone design

-- 2018-06-28 20:56:48

Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over Apple's allegations that Samsung violated its patents by ‘slavishly’ copying the design of th...