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The Financial Express

Search results for: Trade

Vegetable export resumes next week after 1.5-year gap

Vegetable export resumes next week after 1.5-year gap

Yasir Wardad 2018-03-17 10:01:33

After one and a half years, export of five vegetable items from Bangladesh is finally going to resume next week. The sector insiders see it as a big boost in diversifying the country's limited export...

India to provide $1.0b for building transmission grid

India to provide $1.0b for building transmission grid

FHM Humayan Kabir 2018-03-17 09:42:05

The government will build a transmission grid for electricity distribution from Rooppur nuclear power plant under a US$1.41 billion project, mostly financed from an Indian credit line. Officials said...

Consumers to start getting LNG from May

Consumers to start getting LNG from May

M Azizur Rahman 2018-03-17 09:36:26

The government expects to start supplying imported re-gasified LNG (liquefied natural gas) to consumers from early May.  The country's first FSRU (floating, storage, re-gasification unit) is exp...

Shell close to clinching Hong Kong’s LNG import deal

Shell close to clinching Hong Kong’s LNG import deal

-- 2018-03-16 21:41:20

Royal Dutch Shell is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the city. Shell...

Kobe Steel may seek mergers  for some business units

Kobe Steel may seek mergers for some business units

-- 2018-03-16 21:39:38

Kobe Steel's new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that...

Singapore Airlines considers bid for Air India

Singapore Airlines considers bid for Air India

-- 2018-03-16 21:38:27

Singapore Airlines has an open mind about making an initial bid for a stake in state-run Air India, the head of the Singaporean carrier's India business told Reuters on Thursday. India said last week...

Abu Dhabi state investor weighs sale of Spanish oil company

Abu Dhabi state investor weighs sale of Spanish oil company

-- 2018-03-16 21:37:35

Abu Dhabi state investor Mubadala Investment Company is considering a partial or total sale of Spanish oil and gas company Cepsa and would use proceeds for expansion, a Mubadala spokesman told Reuters...

UK reassures BD of tariff-free market access after Brexit

UK reassures BD of tariff-free market access after Brexit

-- 2018-03-16 18:32:45

The United Kingdom has reiterated its pledge to continue tariff-free access for Bangladeshi goods to its market after leaving the European Union. "I repeat the UK's commitment to continue tariff-free...

BD, UK agree to boost bilateral trade

BD, UK agree to boost bilateral trade

-- 2018-03-16 17:19:26

Bangladesh and the United Kingdom have agreed that trade is an important tool in tackling poverty, and that increasing bilateral trade could bring significant benefits to both countries. Both sides a...

IDLC arranges “Purnota Fair 2018” at Rangpur

IDLC arranges “Purnota Fair 2018” at Rangpur

FE Online Desk 2018-03-16 13:35:22

IDLC has arranged “Purnota Fair 2018” for women entrepreneurs at Public Library Mart, Rangpur. IDLC arranged the two-day fair showcasing the products produced by women entrepreneurs. A...

Nike brand president resigns after workplace complaints

Nike brand president resigns after workplace complaints

-- 2018-03-16 13:11:15

Nike’s namesake brand President Trevor Edwards has resigned and will retire in August, a company spokeswoman said on Thursday. Earlier on Thursday the Wall Street Journal, citing an internal me...

OMS draws mixed response

OMS draws mixed response

Talha Bin Habib 2018-03-16 11:47:20

The ongoing OMS programme has yet to draw a significant number of customers in the city due to wrong selection of spots by the dealers and poor quality of rice, according to market observers. They al...

Butterfly to assemble LG TVs in country

Butterfly to assemble LG TVs in country

FE Report 2018-03-16 11:44:31

Butterfly Industries Ltd. in collaboration with South Korean electronics giant LG inaugurated its first-ever television manufacturing plant in the country on Thursday. The inaugural ceremony was held...

Fishing ban drives up fish prices

Fishing ban drives up fish prices

FE Report 2018-03-16 10:20:34

Prices of fish and some vegetables further increased last week much to the displeasure of consumers. Onion prices, however, declined slightly, according to traders. Prices of most varieties of fis...

Urbanites helping fitness industry prosper

Urbanites helping fitness industry prosper

Jasim Uddin Haroon and Yasir Wardad 2018-03-16 09:29:25

Fitness industry is thriving in the country propelled by urbanites who seek to fight their sedentary lifestyle through exercises. Between 2011 and now, the number of fitness clubs in major cities tre...

Bangladesh ups cotton import from India

Bangladesh ups cotton import from India

-- 2018-03-16 00:19:04

    India's cotton exports have been gathering pace after global prices jumped to four-year highs, with traders in the world's top producer of the fibre signing contracts in the last three...

Strong China demand for many commodities

Strong China demand for many commodities

-- 2018-03-15 21:34:42

The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly...

Unilever to have sole headquarters in the Netherlands

Unilever to have sole headquarters in the Netherlands

-- 2018-03-15 20:20:36

Unilever, the Anglo-Dutch consumer goods multinational whose vast stable of brands includes Dove, Knorr and Ben & Jerry's, has opted to have its sole headquarters in the Netherlands rather than Br...

FBCCI plans to discuss liquidity crisis, interest rate with BB

FBCCI plans to discuss liquidity crisis, interest rate with BB

FE Online Report 2018-03-15 17:48:17

The Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) plans to sit with Bangladesh Bank (BB) to discuss issues such as liquidity crisis and high rate of interest. Although the sche...

US pushing China to cut trade imbalance by $100b, says White House

US pushing China to cut trade imbalance by $100b, says White House

-- 2018-03-15 17:18:31

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Don...

88pc of Alliance factories complete CAPs

88pc of Alliance factories complete CAPs

FE Online Report 2018-03-15 15:06:21

Some 88 per cent of Alliance-listed garment factories have so far completed all required remediation prescribed in the corrective action plans (CAPs). “As of Thursday, 322 Alliance affiliated f...

Sprite offers Nokia phone ‘every hour'

Sprite offers Nokia phone ‘every hour'

FE Online Desk 2018-03-15 14:39:46

Coca-Cola Bangladesh Limited has started a new campaign titled Under the Crown (UTC) for its Sprite consumers. The consumers will have a chance to win brand new Nokia phones every hour, by quenchi...

Toys R Us closing all US stores

Toys R Us closing all US stores

-- 2018-03-15 12:28:44

American toy and juvenile-products retailer Toys R Us is set to close or sell all of its 885 stores in the US in the coming months. That move would put about 33,000 jobs at risk. The giant toy-store...

Oil prices stable on healthy demand

Oil prices stable on healthy demand

-- 2018-03-15 11:58:17

Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in US production that is undermining efforts led by producer cartel OPEC to cut supplies and pr...

DIFE asks shops, showrooms to comply with labour law

DIFE asks shops, showrooms to comply with labour law

Monira Munni 2018-03-15 11:53:19

The government has initiated a move to enforce working hours, overtime allowance and holiday-related provisions of the labour law in all the business establishments across the country, officials sai...

NBR lifts VAT on ship import to ease sea-borne trade

NBR lifts VAT on ship import to ease sea-borne trade

Doulot Akter Mala 2018-03-15 11:23:19

The government has offered exemption from VAT in case of import of large vessels above 5,000 deadweight tonnes to facilitate sea-borne trade. The National Board of Revenue (NBR) issued Wednesday an o...

Work on savings tools' database begins in July

Work on savings tools' database begins in July

Rezaul Karim 2018-03-15 10:55:46

The government will input all data about investors in savings tools in a central-database repository for modernising management of its borrowing instruments as a sustainable source of deficit financin...

US takes India to WTO over export subsidies

US takes India to WTO over export subsidies

-- 2018-03-15 10:44:39

The United States launched a challenge to Indian export subsidies at the World Trade Organization on Wednesday, saying they hurt US companies by letting Indian exporters sell goods more cheaply, US Tr...

NBR mulls advance appraisal of returns

NBR mulls advance appraisal of returns

FE Report 2018-03-15 10:32:57

The income tax authority has planned to launch a set of measures, including advance or provisional assessment of tax returns, to gear up its revenue collection, said officials concerned. Under the me...

Broadcom ends Qualcomm after bid

Broadcom ends Qualcomm after bid

-- 2018-03-15 09:59:37

Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc on Wednesday, two days after US President Donald Trump blocked the attempt citing national security concerns. The co...