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The Financial Express

Search results for: Trade

OMS wheat flour sale from October

OMS wheat flour sale from October

FE REPORT 2022-09-14 09:06:37

The government will sale wheat flour in open market sale (OMS) from next month, food Minister Sadhan Chandra Majumder said on Tuesday. In a dialogue at the secretariat organised by Bangladesh Secreta...

BGMEA seeks Swedish support to pursue it efforts towards sustainable growth

BGMEA seeks Swedish support to pursue it efforts towards sustainable growth

FE REPORT 2022-09-14 09:02:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought Swedish support to pursue its efforts towards ensuring sustainable growth through innovation, technology transfer, and...

Move to ban 'Miniket' faces strong protest from traders

Move to ban 'Miniket' faces strong protest from traders

FE REPORT 2022-09-14 08:57:57

The consumers' rights protection body would soon consult with the relevant government agencies and rice experts to find out scientific facts about cutting coarse rice and marketing the staple after...

Cumbersome commodity clearance at ports: Business process reengineering broached to cut knots

Cumbersome commodity clearance at ports: Business process reengineering broached to cut knots

DOULOT AKTER MALA 2022-09-14 08:45:11

A foreign-aided model is undertaken to cut knotty steps in import-export process, dropping less-important ones, for expediting delivery of goods out of Bangladesh's major customs ports. Sources say...

Dollar little cheaper for importers

Dollar little cheaper for importers

SIDDIQUE ISLAM 2022-09-14 08:41:28

A relative calm appears after the storm on Bangladesh's forex market as exchange rate for importers fell slightly Tuesday while interbank transactions also saw a revamp, bankers said. The central ban...

Bangladesh exports its largest ever container ship to UK

Bangladesh exports its largest ever container ship to UK

-- 2022-09-13 19:47:21

Bangladesh on Tuesday exported a locally built 6100-tonne load capacity high-speed multipurpose container ship to the UK. This is the largest container ship built in the country that has been exporte...

Salman Khan’s clothing brand to open first ever outlet in Dhaka

Salman Khan’s clothing brand to open first ever outlet in Dhaka

FE ONLINE DESK 2022-09-13 19:18:10

Being Human Clothing, a sister project of Bollywood superstar Salman Khan’s charity organisation Being Human Foundation, will launch its first-ever outlet in Dhaka. According to local news port...

Google faces $25.4b damages claims in UK, Dutch courts over adtech practices

Google faces $25.4b damages claims in UK, Dutch courts over adtech practices

-- 2022-09-13 16:47:03

Alphabet unit Google faces damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits filed in British and Dutch courts on Tuesday by a law firm on b...

ECNEC approves six projects worth Tk 87.397 billion

ECNEC approves six projects worth Tk 87.397 billion

-- 2022-09-13 15:26:29

The Executive Committee of the National Economic Council (ECNEC) today approved six projects with Tk 87.3968 billion including a Tk 71.8866 billion project to ensure a speedy, safe, and cost-effe...

Bangladesh plans to introduce three-layer monitoring to curb rice prices

Bangladesh plans to introduce three-layer monitoring to curb rice prices

FE ONLINE DESK 2022-09-13 15:09:47

The government is planning to launch a website that discloses price information on the rice market at three stages to regulate prices. Food Minister Md Sadhan Chandra Majumder disclosed the plan at a...

Honda to ramp up sales of electric motorcycles

Honda to ramp up sales of electric motorcycles

-- 2022-09-13 12:37:01

Honda Motor Co plans to launch more than 10 electric motorcycle models globally in the next three years, it said on Tuesday, part of the Japanese manufacturer's aim to achieve carbon neutrality f...

Most Twitter shareholders vote in favour of sale to Musk

Most Twitter shareholders vote in favour of sale to Musk

-- 2022-09-13 10:26:55

A majority of Twitter's shareholders have voted in favour of the social media company's $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareho...

BD, Qatar to ink deal to repatriate convicts

BD, Qatar to ink deal to repatriate convicts

FE REPORT 2022-09-13 09:24:48

Dhaka has decided to sign a deal with Doha to facilitate transfer of convicted Bangladeshis living in Qatar and vice versa, officials said. There are some 0.4 million Bangladeshi nationals living i...

Indonesia's energy co mulls $1.2b investment

Indonesia's energy co mulls $1.2b investment

FE REPORT 2022-09-13 09:16:04

Indonesia is considering around US$ 1.2 billion investment in Bangladesh's energy sector, officials said. The Southeast Asian country showed interest at a bilateral meeting of foreign ministers of th...

BRT project work may resume after one more week

BRT project work may resume after one more week

MUNIMA SULTANA 2022-09-13 09:08:14

The troubled BRT project may take one more week to resume its field work that remained suspended since the tragic accident at Uttara site on August 15, leaving five members of a family dead. Restarti...

HSIA 3rd terminal's 44pc work done

HSIA 3rd terminal's 44pc work done

FE REPORT 2022-09-13 09:03:14

More than 44 per cent of construction works of the Hazrat Shahjalal International Airport's (HSIA) third terminal have been completed so far. The aviation facility will be inaugurated in October next...

Govt set to sweeten model PSC to attract more IOCs

Govt set to sweeten model PSC to attract more IOCs

M AZIZUR RAHMAN 2022-09-13 08:48:06

The government plans to make the next round of offshore-exploration bidding attractive by linking its gas-purchase price with that of LNG in the international market. The move is designed to rope in...

Deutsche Bank to commence operations in Bangladesh soon

Deutsche Bank to commence operations in Bangladesh soon

-- 2022-09-12 20:43:54

Deutsche Bank, a German multinational investment bank and financial services company, is expanding its global network with the launch of its first representative office in Bangladesh. With this new m...

Nagad offers Tk 50 cashback on 'add money' from banks

Nagad offers Tk 50 cashback on 'add money' from banks

-- 2022-09-12 20:27:47

Mobile financial services (MFS) provider Nagad has brought an instant cashback offer of Tk50 on 'add money' from banks. The offer will be valid till September 30, reports UNB citing a media statement...

India’s restrictions on rice exports paralyse trading in Asia

India’s restrictions on rice exports paralyse trading in Asia

-- 2022-09-12 20:09:49

India's restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where sellers are holding off on deals as prices r...

No bar for an MFI to lend to or borrow from another MFI

No bar for an MFI to lend to or borrow from another MFI

ISMAIL HOSSAIN 2022-09-12 10:33:42

The country's microfinance institutions (MFIs) can lend to or borrow from other MFIs. In this regard, the Microcredit Regulatory Authority (MRA) has recently issued guidelines, titled 'Policy on Fina...

Provident fund profits pruned

Provident fund profits pruned

FE REPORT 2022-09-12 08:59:26

Seen as a major fiscal move, government employees' general provident fund (GPF) and contributory provident fund (CPF) have been split into three tiers with yields pruned down, sources have said....

Lift interest cap on deposits

Lift interest cap on deposits

FE REPORT 2022-09-12 08:51:27

Top executives of the non-bank financial institutions (NBFIs) requested Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Sunday to lift the existing interest cap on deposit. The NBFI high-ups m...

Most banks cold-shoulder LC opening

Most banks cold-shoulder LC opening

MONIRA MUNNI 2022-09-12 08:46:29

Most commercial banks are averse to opening letter of credit (LC) under EDF, UPAS and deferred-payment systems for dollar shortages which, spinners fear, may lead to production suspension of basic app...

China’s Sinopec to drill for gas at Well No-10 of Sylhet Gas Field

China’s Sinopec to drill for gas at Well No-10 of Sylhet Gas Field

-- 2022-09-11 19:13:38

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the government would continue to put priority on exploration and production of natural gas. Urging the officials to exped...

TCB starts selling essentials among 10 million low-income families

TCB starts selling essentials among 10 million low-income families

-- 2022-09-11 19:12:25

The state-run Trading Corporation of Bangladesh (TCB) has started selling essential commodities for the month of September among some 10 million TCB cardholder low-income families. Senior Secretary o...

BGMEA chief eyes partnership with Indonesia

BGMEA chief eyes partnership with Indonesia

-- 2022-09-11 17:49:14

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said Bangladesh and Indonesia need to view each other as comprehensive friends and partners and expand c...

Selling cheap? Not Bangladesh superstores

Selling cheap? Not Bangladesh superstores

bdnews24.com 2022-09-11 10:30:45

In other countries across the world, superstores or retail chains usually sell products at a lower price than regular shops. However, this is not the case in Bangladesh, where prices at these la...

BGMEA pleads for stable politics

BGMEA pleads for stable politics

FE REPORT 2022-09-11 10:05:38

Apparel makers on Saturday stressed political stability for sustainable export growth of the ready-made garment (RMG) sector amid a sluggish global demand due to high inflation in major markets. "We'...

Food and Chemical Lab Expo in city today

Food and Chemical Lab Expo in city today

FE REPORT 2022-09-11 09:56:00

The country's first 'Food and Chemical Lab Expo 2022' is going to kick off today (Sunday) in the city aiming to evaluate the testing and accreditation capacity of the country's labs, organisers said...