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The Financial Express

Search results for: Trade

July-Jan trade deficit soars 92pc to $10.12b

July-Jan trade deficit soars 92pc to $10.12b

Siddique Islam 2018-03-15 09:29:56

The country's overall trade deficit crossed US$10-billion mark in the first seven months of the ongoing fiscal year (FY), 2017-18, mainly due to higher import payments against lower export receipts,...

S Arabia to keep Apr crude oil exports under 7.9m bpd

S Arabia to keep Apr crude oil exports under 7.9m bpd

-- 2018-03-15 01:18:54

Saudi Arabia plans to keep its crude oil production in April below 10 million barrels per day (bpd), and maintain exports under seven million bpd, the energy ministry said on Wednesday, as the top OPE...

S Korea fuel oil imports soar as coal plants shut

S Korea fuel oil imports soar as coal plants shut

-- 2018-03-15 01:17:52

South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utiliti...

Cabinet body approves extension of 250 MW power import from India

Cabinet body approves extension of 250 MW power import from India

-- 2018-03-14 20:13:07

Import agreement of 250-MW electricity from Indian open market received extension for another six months as Cabinet Committee on Public Purchase approved a proposal in this regard at its meeting on We...

Unilever to shut London headquarters

Unilever to shut London headquarters

-- 2018-03-14 19:45:43

Unilever’s board will finalise on Wednesday a decision to close the Anglo-Dutch consumer giant’s London headquarters, Sky News reported, citing sources. A formal announcement is due on Th...

DGFP, Marie Stopes, BKMEA organise workshop on family planning

DGFP, Marie Stopes, BKMEA organise workshop on family planning

FE Desk 2018-03-14 19:30:07

A two-day workshop and orientation course, aiming to impart training on family planning to workers, nurses, paramedics and service providers at readymade garment (RMG) factories, began in the capital...

DHL Express welcomes first ever passenger-to-freighter A330-300

DHL Express welcomes first ever passenger-to-freighter A330-300

-- 2018-03-14 18:36:20

International express services provider DHL Express has welcomed its first ever airbus A330-300 at its Penang Gateway in Malaysia as part of rapidly-growing Asia Pacific air network. The aircraft is...

FBCCI signs MoU with Singapore manufacturing body

FBCCI signs MoU with Singapore manufacturing body

FE Online Desk 2018-03-14 15:01:05

The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) has signed a memorandum of understanding (MoU) with Singapore Manufacturing Federation (SMF), aiming at strengthening bilateral...

SJIBL holds board meeting

SJIBL holds board meeting

FE Online Desk 2018-03-14 14:16:36

The 203rd meeting of the Board Audit Committee of Shahjalal Islami Bank Limited was held recently at Head Office of the Bank. The meeting was presided over by Mr. Mosharraf Hossain Chowdhury, Chairma...

Cathay Pacific posts first back-to-back loss in 71 years

Cathay Pacific posts first back-to-back loss in 71 years

-- 2018-03-14 14:04:11

Hong Kong's flagship carrier Cathay Pacific has posted its first back-to-back annual loss since the company was founded in 1946. The airline blamed intense competition from low-cost Chinese carriers...

Bombardier launches probe into US-Bangla plane crash

Bombardier launches probe into US-Bangla plane crash

-- 2018-03-14 13:56:36

Canada's Bombardier Inc, the maker of the aircraft that crashed in Nepal on Monday, will investigate the causes of the crash that killed at least 49 people and injuring over a dozen critically. A day...

Telenor Group, Ant Financial to deliver inclusive services in Pakistan

Telenor Group, Ant Financial to deliver inclusive services in Pakistan

FE Online Desk 2018-03-14 13:45:41

Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group ("Ant Financial") in Pakistan, where Ant Financial will invest USD 184.5m for a 45 per cent stake in Tel...

Wärtsilä celebrates 20th anniv in Bangladesh

Wärtsilä celebrates 20th anniv in Bangladesh

FE Online Desk 2018-03-14 13:27:52

Wärtsilä recently celebrated 20 years of close partnership and development of the energy scene in Bangladesh, said a statement. Wärtsilä, a global leader in smart technologies a...

Bangladesh to expand business in Turkey

Bangladesh to expand business in Turkey

FE Online Desk 2018-03-14 13:21:18

Bangladesh has taken an initiative to develop trade with Turkey by launching “Bangladesh Business Mission to Turkey 2018 (BBMT 2018)” to share the upcoming business mission activities. EX...

IPDC Finance brings ‘Shadhinotay Shonchoy’ offer

IPDC Finance brings ‘Shadhinotay Shonchoy’ offer

FE Online Desk 2018-03-14 12:28:02

IPDC Finance Limited has come up with ‘Shadhinotay Shonchoy’ deposit offer for its customers. This offer will provide customers to get a handsome return of Tk 105 thousand with minimum Tk...

Mercantile Bank gives woman entrepreneur Tk 5.0 in SME loans

Mercantile Bank gives woman entrepreneur Tk 5.0 in SME loans

FE Online Desk 2018-03-14 11:57:28

A woman entrepreneur has received Tk 5.0 million in small and medium enterprise (SME) loans from Mercantile Bank Limited. She is Ms Moushumi Zaman, proprietor of MC Trade Centre. Jatiya Sangsad Spea...

Joyroom Tech makes debut in BD

Joyroom Tech makes debut in BD

FE Online Desk 2018-03-14 11:38:27

Global mobile accessories provider Joyroom Technology has officially launched its operation in Bangladesh recently, said a statement. The technology company, established in 2010 and endowed with 30,0...

Green Delta Ins observes Women's Day

Green Delta Ins observes Women's Day

FE Online Desk 2018-03-14 11:26:21

Green Delta Insurance arranged an event on the eve of Women’s Day titled ‘Amader Kothaboli’. All the female employees of Green Delta participated in the event and spoke about their...

BSC to add six vessels to its fleet soon

BSC to add six vessels to its fleet soon

Our Correspondent 2018-03-14 11:16:36

Bangladesh Shipping Corporation (BSC) is going to add six vessels to its crippled fleet in a year - five vessels in the current calendar year and the rest in February next. The BSC has only two over-...

Millers urge govt to buy raw jute from farmers

Millers urge govt to buy raw jute from farmers

FE Report 2018-03-14 11:13:46

The country's private jute millers have requested the government to procure raw jute from the farmers to ensure fair price for their produce. A letter, sent to the Ministry of Textiles and Jute by Ba...

NBR expands duty benefit on import of RMG fire safety tools

NBR expands duty benefit on import of RMG fire safety tools

Doulot Akter Mala 2018-03-14 10:52:49

National Board of Revenue (NBR) has extended the duty benefit on import of fire safety equipment by the export-oriented ready-made garment (RMG) industries to help them comply with the safety rules....

Little room for female garment workers in superior role: Study

Little room for female garment workers in superior role: Study

FE Report 2018-03-14 10:35:52

Representation of female workers at the supervisory level in the readymade garment factories remains poor due to their lack of expertise, training and education, according to a study. Only three to...

Trump seeking tariffs on $60b Chinese goods

Trump seeking tariffs on $60b Chinese goods

-- 2018-03-14 10:09:12

US President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue wit...

Booming aviation sector to face setback

Booming aviation sector to face setback

Jubair Hasan 2018-03-14 09:58:09

Apart from a terrible human tragedy in Monday's Nepal plane crash, sector-insiders are worried that Bangladesh's booming aviation industry might receive an immediate blow like confidence crisis. A US...

HSBC marks Int'l Women's Day

HSBC marks Int'l Women's Day

-- 2018-03-14 01:10:20

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh celebrated the International Women's Day with an event titled 'Celebrating Womanhood', says a press statement.  On the occas...

India’s solar financing rises to $10b in 2017

India’s solar financing rises to $10b in 2017

-- 2018-03-13 21:46:16

  India's solar industry more than doubled its fund raising to $10 billion in 2017, clean energy consultancy Mercom said, but activity is likely to slow this year as New Delhi plans to slap high...

Teknaf solar park tariff renegotiation on cards

Teknaf solar park tariff renegotiation on cards

-- 2018-03-13 20:43:39

As US firm SunEdison has failed to make any progress in implementation of the 200 MW Teknaf Solar Park project, the government has decided to renegotiate with the company the tariff for buying power...

Direct cargo flights to UK from Wednesday

Direct cargo flights to UK from Wednesday

-- 2018-03-13 19:04:11

Biman Bangladesh Airlines will restart direct cargo flights to the United Kingdom from Wednesday after two years of ban, opening new prospects for businesses. The direct cargo-flight operation will r...

Trump blocks Broadcom's Qualcomm takeover

Trump blocks Broadcom's Qualcomm takeover

-- 2018-03-13 18:38:49

US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security. His order cited "credible evidence" that the proposed...

Microsoft faces legal action from female employees

Microsoft faces legal action from female employees

-- 2018-03-13 14:07:05

Women at Microsoft Corp working in US-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public...