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The Financial Express

Search results for: Trade

IBBL holds RDS conference

IBBL holds RDS conference

FE Online Desk 2018-06-15 12:05:24

A conference of the Central Leaders and Assistant Central Leaders of Rural Development Scheme of Kushtia Branch of Islami Bank Bangladesh Limited was held recently at a local auditorium of Kushtia. S...

Janata Bank Local Office holds AGM

Janata Bank Local Office holds AGM

FE Online Desk 2018-06-15 11:58:01

The Annual General Meeting of Janata Bank Local Office was held at Head Office, Dhaka recently. Md Abdus Salam Azad, CEO & MD of the bank attended as the chief guest. DMDs of the bank Md. Is...

Call money rate stable before Eid vacation

Call money rate stable before Eid vacation

Siddique Islam 2018-06-15 11:12:30

The inter-bank call money rate remained almost stable on Thursday, bankers said. The last working day before the Eid vacation saw a substantial rush for the withdrawal of cash from the banks. The ca...

Sales of attar, prayer caps boom in Eid market

Sales of attar, prayer caps boom in Eid market

Saif Uddin 2018-06-15 10:52:45

The sales of fragrant attar, prayer caps (topi) and surma (kohl) have marked a sharp rise in Dhaka city ahead of Eid-ul-Fitr. According to traders, customers are concluding their Eid shopping with th...

Fish, meat, aromatic rice see price hike ahead of Eid

Fish, meat, aromatic rice see price hike ahead of Eid

FE Report 2018-06-15 10:17:20

Prices of fish, meat and aromatic rice have increased ahead of Eid-ul Fitr, adding to the woes of the consumers. Chicken, hilsa, rui, katla, garlic, ginger and some vegetables have witnessed a 5.0-10...

Gold hits two-week high  on dollar weakness

Gold hits two-week high on dollar weakness

-- 2018-06-14 22:34:37

Gold hit a two-week high on Thursday as the dollar fell and investors fretted over weak Chinese data and US-China trade frictions, reports Reuters. But the precious metal's upside was capped by a sli...

Strong demand prevails for quality tea

Strong demand prevails for quality tea

-- 2018-06-14 22:33:43

A strong demand continued this week for a slightly higher offering. Major Blenders operated strongly particularly for the brighter liquoring types. Loose tea buyers were very selective and virtually...

Almost all garment factories paid wages, bonuses: BGMEA

Almost all garment factories paid wages, bonuses: BGMEA

FE Online Report 2018-06-14 17:11:00

Almost all garment factories have paid wages for the month of May and festival allowances for Eid-ul-Fitr, BGMEA has claimed. "We have been closely monitoring some 1,200 garment factories suggested r...

Sonamasjid Land port operation to remain suspended for six days

Sonamasjid Land port operation to remain suspended for six days

-- 2018-06-14 17:09:14

Operational activities in Sonamasjid Land Port will remain suspended for six days at a stretch from Thursday on the occasion of celebrating Eid-ul-Fitr. According to the source of Sonamasjid Import a...

Rolls-Royce to cut 4,600 jobs

Rolls-Royce to cut 4,600 jobs

-- 2018-06-14 13:08:37

Rolls-Royce has announced to cut 4,600 jobs over the next two years as part of a restructuring programme. Middle managers and back-office staff are to bear the brunt of the cuts, which are expected...

Bangladesh again ranks among 10 worst labour rights guarantors

Bangladesh again ranks among 10 worst labour rights guarantors

-- 2018-06-14 10:39:00

Bangladesh is once again ranked among the 10 worst countries in the world where labour rights are not guaranteed, according to a global survey. Other worst countries are Algeria, Cambodia, Colombia,...

VW faces €1b fine over diesel scandal

VW faces €1b fine over diesel scandal

-- 2018-06-14 10:37:59

Car giant Volkswagen has been fined €1 billion (£880 million) by German prosecutors over its diesel emissions scandal. The Braunschweig public prosecutor found VW had sold more than 10 mil...

Ctg Port awaits big jump in cargo handling capacity

Ctg Port awaits big jump in cargo handling capacity

FE Report 2018-06-14 10:30:49

The New Mooring Container Terminal (NMCT) at the Chittagong Port will be fully operational by the end of this year with installation of 10 key gantry cranes. Presently, the terminal, opened in Octobe...

Uncertainty looms over Biman's bid to lease aircraft

Uncertainty looms over Biman's bid to lease aircraft

Kamrun Nahar 2018-06-14 10:27:30

The process to lease aircraft by Biman Bangladesh Airlines for smooth flight operation on regular routes during the Hajj season hangs in the balance, according to a senior official. The Biman passeng...

Guess founder quits over groping allegations by Kate Upton, others

Guess founder quits over groping allegations by Kate Upton, others

-- 2018-06-13 17:17:23

The co-founder of fashion brand Guess is stepping down as executive chairman following claims of improper conduct but will stay on its board until 2019. Guess said that a special committee was unable...

Toyota to pour $1 billion into Asian ride-hailing firm Grab

Toyota to pour $1 billion into Asian ride-hailing firm Grab

-- 2018-06-13 15:08:05

Toyota Motor has decided to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the region...

Pathao to send Eid lottery winners home by helicopter

Pathao to send Eid lottery winners home by helicopter

-- 2018-06-13 15:07:52

The country’s popular ride sharing platform Pathao is going to send three lucky users to their home by a helicopter in this Eid. About 25 thousand users, who used Pathao more than 10 times in...

German businesses form GBC to boost trade with BD

German businesses form GBC to boost trade with BD

-- 2018-06-13 13:45:53

The German business community in Bangladesh and the Germany Embassy in Dhaka have jointly agreed to establish the German Business Council (GBC), a platform for the German businesses in Bangladesh. T...

Southeast Bank inks deal with Praava Health

Southeast Bank inks deal with Praava Health

FE Online Desk 2018-06-13 11:05:32

Southeast Bank Limited has recently signed an agreement with Praava Health. Under the agreement, Southeast Bank Credit Card holders and their dependents will get 20 per cent discount and zero per cen...

Tesla to cut thousands of jobs

Tesla to cut thousands of jobs

-- 2018-06-13 10:40:40

Tesla, Inc. the American multinational corporation that specialises in electric vehicles, energy storage and solar panel manufacturing now said it plans to cut 9 per cent of its workforce as part of a...

AT&T wins approval to buy Time Warner over Trump opposition

AT&T wins approval to buy Time Warner over Trump opposition

-- 2018-06-13 10:26:46

AT&T won the court approval on Tuesday to buy Time Warner for $85 billion, rebuffing an attempt by US President Donald Trump’s administration to block the deal and likely setting off a wav...

Cargo lightering partially resumes at Ctg port

Cargo lightering partially resumes at Ctg port

Our Correspondent 2018-06-13 10:09:00

Lightering of cargoes from mother vessels partially resumed at the outer anchorage of the Chittagong Port on Tuesday. Some lightering vessels set sail for the deep sea area to unload cargoes from big...

Prices of used cars go up

Prices of used cars go up

FE Report 2018-06-13 10:02:44

A cut in the depreciation facility in the proposed budget has pushed up the prices of reconditioned cars by Tk 0.1 million to Tk 0.45 million. Bangladesh Reconditioned Vehicles Importers and Dealers'...

10-15pc Eid shoppers use cards, MFSs for payment

10-15pc Eid shoppers use cards, MFSs for payment

Saif Uddin 2018-06-13 09:57:16

Transactions through debit and credit cards and mobile financial services (MFSs) have marked a significant rise ahead of the Eid-ul-Fitr, said stakeholders concerned. Many customers prefer to pay u...

Govt lifts tax waiver ceiling for local LCs

Govt lifts tax waiver ceiling for local LCs

Doulot Akter Mala 2018-06-13 09:51:28

Traders may need to pay 3.0 per cent AIT on local letter of credit (L/C) from the next fiscal year (FY) without any exemption ceiling. In the proposed Finance Bill-2018, the government has withdrawn...

Trade deficit widens to $15b in 10 months

Trade deficit widens to $15b in 10 months

Siddique Islam 2018-06-13 09:41:14

The country's trade deficit crossed US$15 billion in the first 10 months of the current fiscal year (FY). It was attributed to higher import payments than lower export receipts. The gap in trade wit...

Makeshift shops in cities draw huge crowd

Makeshift shops in cities draw huge crowd

-- 2018-06-12 21:12:48

Makeshift shops on footpaths and open spaces in the capital and other major cities across the country are doing a brisk business ahead of Eid-ul-Fitr and football world cup. The low-income and poor p...

Marcel opens showroom in Kahaloo

Marcel opens showroom in Kahaloo

FE Online Report 2018-06-12 16:14:35

Marcel has opened an exclusive showroom named ‘Safa Electronics’ in Kahaloo upazila of Bogura district with utmost collection of its electrical, electronics and home appliances products....

Belt and Road Initiative: BD needs long-term funding

Belt and Road Initiative: BD needs long-term funding

Mehdi Musharraf Bhuiyan 2018-06-12 14:56:42

Bangladesh needs to ensure an adequate supply of long-term funding to benefit from China's 'Belt and Road' projects. A top official of a global financial giant said this in an exclusive interview wit...

BMW sales dip due to China tariffs

BMW sales dip due to China tariffs

-- 2018-06-12 14:23:02

BMW said vehicle sales fell 2.1 per cent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 per cent drop in German deliveries as cities like Hamburg started banning older di...