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The Financial Express

Search results for: Trade

Big moneys drive out small moneys

Big moneys drive out small moneys

JASIM UDDIN HAROON 2022-09-08 09:06:14

Lower-denomination coins, stretching from Poisha 01 to Poisha 50, which are in vogue but already driven out from the market, are equivalent to around Tk 570 million. Officially they are valid and leg...

NBR opens digital system to verify tax return slips

NBR opens digital system to verify tax return slips

DOULOT AKTER MALA 2022-09-08 08:48:02

The National Board of Revenue (NBR) has launched a digital system to verify the authenticity of tax-return submissions and expedite service delivery by the authorities concerned. Its income-tax wing...

Six more banks to explain dollar price distortion

Six more banks to explain dollar price distortion

SIDDIQUE ISLAM 2022-09-08 08:31:22

The central bank seeks explanation from six more banks over their alleged involvement in bagging windfalls from 'unethical' dollar dealings, which hit all in knock-on impact, officials said Wednesday....

India agrees to sell surplus fuel to Bangladesh

India agrees to sell surplus fuel to Bangladesh

FE ONLINE REPORT 2022-09-07 18:37:04

India has agreed to sell surplus fuel to Bangladesh to help it stabilise the domestic energy prices during the bilateral meeting held in New Delhi between the two countries, said the joint statement i...

Rising energy prices threaten backbone of German industry

Rising energy prices threaten backbone of German industry

-- 2022-09-07 17:00:01

More than 90 per cent of medium-sized German companies see rising energy and raw materials prices as a major or existential threat, a survey showed on Wednesday, highlighting the growing risks for Ger...

High prices of toiletries: DNCRP to visit FMCG companies' factories

High prices of toiletries: DNCRP to visit FMCG companies' factories

FE ONLINE REPORT 2022-09-07 15:49:13

A technical team, led by DNCRP, will visit leading FMCG companies' factories amid the rocketing trend of many personal care toiletries products. The team, comprising the Directorate of National Consu...

LPG cylinders get costlier from today

LPG cylinders get costlier from today

FE ONLINE DESK 2022-09-07 12:45:34

The Bangladesh Energy Regulatory Commission (BERC) on Wednesday hiked the price of liquefied petroleum gas (LPG) by Tk 1.33 per kg. This effectively means that a 12kg container will now cost a househ...

Transshipment trial: Indian vessel arrives in Ctg Port

Transshipment trial: Indian vessel arrives in Ctg Port

FE ONLINE REPORT 2022-09-07 10:26:51

A vessel named ‘MV Trans Samudera’ arrived in Chattogram Port on Tuesday carrying Indian transit container to be transported to the Northeastern State of India (Assam) via the territory of...

Industry fears serious fallout, as anti-tobacco camps rejoice

Industry fears serious fallout, as anti-tobacco camps rejoice

FE REPORT 2022-09-07 09:48:44

The move to further amend the Smoking and Tobacco Products Usage (Control) Act of 2005 (Amended in 2013) has evoked mixed reaction. Stakeholders concerned believe that the adoption of the proposed am...

Import clearing hops over 25-32 stops

Import clearing hops over 25-32 stops

DOULOT AKTER MALA 2022-09-07 09:03:02

Import clearing needs to hop over 25-32 stops at major ports in Bangladesh for lack of coordination among authorities, says a study report, thus slowing the delivery of goods. Importers have to compl...

Coins crunch creates problem in consumer shopping

Coins crunch creates problem in consumer shopping

JASIM UDDIN HAROON 2022-09-07 08:46:19

Forhad Hossain goes to Dhaka's Kaptan Bazar kitchen market almost every passing day for shopping. There he has been facing severe shortages of lower-denomination coins and currencies for long. The cr...

Govt to buy more food grains from abroad

Govt to buy more food grains from abroad

FE REPORT 2022-09-07 08:32:38

The government is preparing to buy more food grains from the global market to cope with a possible fall in rice output in this Aman season, Food Minister Shadhan Chandra Majumder said at a press brief...

Super shops charging 30pc higher prices of rice after packaging those: DNCRP 

Super shops charging 30pc higher prices of rice after packaging those: DNCRP 

-- 2022-09-06 21:20:24

The super shops across the country are taking around 30 per cent higher prices of rice after packaging those compared to the same loose rice of kitchen market.  The impact of charging higher pri...

Nagad opens 11 more customer service centres

Nagad opens 11 more customer service centres

FE ONLINE DESK   2022-09-06 17:47:34

Nagad, the digital financial service of Bangladesh Post Office, has opened 11 more 'Nagad Sheba' points across Bangladesh. With the opening of these service centres, Nagad services are now available...

‘Companies in G7 economies failing to meet Paris Climate Agreement objectives’

‘Companies in G7 economies failing to meet Paris Climate Agreement objectives’

-- 2022-09-06 17:41:09

Companies in the Group of Seven (G7) economies are failing to meet Paris Climate Agreement objectives, non-profit disclosure platform CDP and global management consultancy Oliver Wyman said on Tuesday...

‘OMS programme to continue till rice market is stable’ 

‘OMS programme to continue till rice market is stable’ 

-- 2022-09-06 17:35:56

Selling rice and flour through the open market sale (OMS) programme will continue until the rice market is stable, Food Minister Sadhan Chandra Majumder said on Tuesday.  “The government o...

Banks asked to halt evening services to save electricity

Banks asked to halt evening services to save electricity

-- 2022-09-06 16:17:37

Bangladesh Bank has ordered banks to halt evening services from any branch in an effort to save electricity amid the lingering energy crisis. The central bank announced the decision on Tuesday, sayin...

Inside Tesla's drive to keep Musk's battery promise

Inside Tesla's drive to keep Musk's battery promise

REUTERS 2022-09-06 12:26:41

The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to dry-coat el...

India’s Adani pledges power supply to Bangladesh by December

India’s Adani pledges power supply to Bangladesh by December

-- 2022-09-06 11:26:28

Indian business tycoon Gautam Adani met Prime Minister Sheikh Hasina in New Delhi on Monday, pledging to start power supply to Bangladesh by December. Adani praised Hasina for her “inspirationa...

WB likely to invest in Bay Terminal project: Officials

WB likely to invest in Bay Terminal project: Officials

NAZIMUDDIN SHYAMOL 2022-09-06 10:39:35

CHATTOGRAM: The World Bank has expressed its interest to invest in the under-construction multi-billion taka Bay Terminal project, an official at the Chittagong Port Authority (CPA) said on Monday....

KSRM increases salaries of 4,000 staff members amid rising commodity prices

KSRM increases salaries of 4,000 staff members amid rising commodity prices

OUR CORRESPONDENT, CHATTOGRAM 2022-09-06 10:21:42

Kabir Steel Re-Rolling Mills (KSRM), one of the leading business conglomerates in the country, awarded a special increment to its 4,000 low-income employees to help them cope with ongoing inflation an...

Sea cargo release time averages 11 hours

Sea cargo release time averages 11 hours

FE ONLINE REPORT 2022-09-06 10:15:42

The average time from arrival to release of sea cargoes is more than 11 hours in Bangladesh, while it is seven days for air freight and over 10 days for land cargoes, according to a recent study. A...

PM approves metro rail fare policy

PM approves metro rail fare policy

MUNIMA SULTANA 2022-09-06 10:01:39

Metro-rail fare has been set at Tk 5.0 per kilometre per ride, more than double the bus fare and less than half the fare declared for auto-rickshaws. Prime Minister Sheikh Hasina approved the fare po...

Finance ministry bins Basic Bank's recruitment plan

Finance ministry bins Basic Bank's recruitment plan

SYFUL ISLAM 2022-09-06 09:24:44

BASIC Bank, the scam-hit government bank, considers creating more than a thousand new posts in its organogram, but the finance ministry has found the recruitment plan "not feasible", considering its o...

OPEC+ makes small cut to global oil supplies as prices fall 

OPEC+ makes small cut to global oil supplies as prices fall 

-- 2022-09-05 21:24:37

OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude pric...

Toyota, Nissan to suspend production in western Japan as typhoon nears

Toyota, Nissan to suspend production in western Japan as typhoon nears

REUTERS 2022-09-05 13:31:50

Japan's Toyota Motor Corp will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said on Monday. Toyota will suspend Monday night shift production startin...

Uber contributes Tk 45b to BD economy in 2021

Uber contributes Tk 45b to BD economy in 2021

FE REPORT 2022-09-05 11:07:33

Uber, a US-based ridesharing service, contributed approximately Tk 45 billion to Bangladesh's economy alone in 2021, according to a survey by the company. The survey showed that the company has been...

Govt moves to cut microcredit service charge

Govt moves to cut microcredit service charge

FE REPORT 2022-09-05 09:37:01

The government has taken a move to slash the interest rate or service charge of microcredit operations from the existing 24 per cent, as imposed by the micro-finance institutions (MFIs), to give poor...

Food security: Experts warn against unbalanced use of fertiliser

Food security: Experts warn against unbalanced use of fertiliser

FE REPORT 2022-09-05 09:19:14

Unbalanced use of fertiliser against the government's recommendations might cause crop yield gap as well as an impediment to food security, experts observed at a national level research review worksho...

SPM may go into operation in December

SPM may go into operation in December

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-09-05 09:06:29

Construction of the Single Point Mooring (SPM) in Maheshkhali, aimed at offloading imported fuel oils and petroleum products at reduced cost and time, is likely to end this year as 88 per cent works h...