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The Financial Express

Search results for: Trade

Automation threatens garment jobs

Automation threatens garment jobs

FE Online Desk 2018-02-17 13:41:06

Automation has put garment workers’ jobs in Bangladesh at risk as it has started being adopted considering its better output capacity. Mohammadi Group, one of the renowned garments conglomerat...

Five Ctg power plants in pipeline

Five Ctg power plants in pipeline

-- 2018-02-17 13:34:13

Construction of five new power plants having a total generation capacity of 716 megawatts (MWs) under the private sector in Chittagong is under process. Power Development Board (PDB) sources said pre...

Bangladesh scraps Thai rice deal

Bangladesh scraps Thai rice deal

-- 2018-02-17 11:01:23

Bangladesh, which has emerged as a major importer of rice since 2017 after floods damaged its crops, scrapped a plan to import 150,000 tonnes of rice from Thailand, agreed at $465 a tonne in October....

Vegetables, ginger up as traders blame supply shortage

Vegetables, ginger up as traders blame supply shortage

FE Report 2018-02-17 10:22:45

Prices of vegetables and ginger further rose on Friday imposing extra burden on the consumers already battered by high prices of most essentials. Cucumber, bitter gourd, bottle gourd, bean and lemon...

US oil hits one-week high as dollar  sags, many Asian markets shut

US oil hits one-week high as dollar sags, many Asian markets shut

-- 2018-02-16 23:53:13

US crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets closed for the Lunar New Year holiday, reports Reuters. NYMEX crude for March del...

Bangladeshi iPhone can't use 4G services from first day

Bangladeshi iPhone can't use 4G services from first day

-- 2018-02-16 21:14:24

iPhone users in Bangladesh may not get the experience of 4G/LTE mobile phone services immediately after the technology is launched. Mobile phone network operators (MNOs) in the country has said the U...

Bitcoin rises back above $10,000

Bitcoin rises back above $10,000

-- 2018-02-16 15:47:18

Bitcoin rose above $10,000 (7,108.33 pounds) on Thursday, for the first time in more than two weeks, as the trader sentiment has improved towards the cryptocurrency. The first digital currency bounc...

Renault sees record profits

Renault sees record profits

-- 2018-02-16 14:42:09

French carmaker Renault posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn’s position in the face of government demands for a clearer succession plan and deeper int...

Farm, retail levels veg price gap soars

Farm, retail levels veg price gap soars

FE Report 2018-02-16 11:21:47

Gap in the prices of different seasonal vegetables between farm and retail levels has widened sharply in recent times. As a result, consumers are now paying higher prices for fresh produce, and farme...

Draft Deposit Protection Act incorporates NBFIs

Draft Deposit Protection Act incorporates NBFIs

Ismail Hossain 2018-02-16 10:11:52

Authorised persons involved in managing 'deposit insurance fund' at the central bank will get indemnity under a proposed law styled, the Deposit Protection (DP) Act, 2017. The Bangladesh Bank (BB) ha...

Prudential guidelines for VC can  catalyse investment, say experts

Prudential guidelines for VC can catalyse investment, say experts

FE Report 2018-02-16 00:32:17

Speakers at a workshop stressed Thursday the need of prudential guidelines for venture capital to attract investment and expand its market. They said venture capital was the only way of getting fund...

CSR can contribute towards deeper financial inclusion

CSR can contribute towards deeper financial inclusion

-- 2018-02-16 00:31:00

Former governor of Bangladesh Bank Professor Dr Atiur Rahman has stressed greater social responsibility of the corporates to contribute more to the society from which they make all the profits. He ma...

UK likely to lift air-cargo ban on Sunday

UK likely to lift air-cargo ban on Sunday

-- 2018-02-15 20:55:52

The United Kingdom is likely to withdraw the ban on cargo flights from Dhaka to London on Sunday with some observations, says a government official on Thursday.  The official at the Civil Aviati...

ICB gives scholarship to employees’ children

ICB gives scholarship to employees’ children

FE Online Desk 2018-02-15 14:56:40

Investment Corporation of Bangladesh (ICB) has provided scholarship to the meritorious children of its employees in different academic levels (PSC, JSC, SSC, HSC, Honours and Masters-2017 etc). Kazi...

State-owned vessels Bangali, Madhumoti incur huge losses

State-owned vessels Bangali, Madhumoti incur huge losses

-- 2018-02-15 14:40:51

State-owned vessels Bangali and Madhumoti are counting deep losses despite classy looks and modern services, the Implementation Monitoring and Evaluation Division (IMED) has said in a report. The IME...

Standard Bank inks deal with BB on JICA-assisted project

Standard Bank inks deal with BB on JICA-assisted project

FE Online Desk 2018-02-15 14:36:29

Standard Bank Limited recently signed a participatory agreement with Bangladesh Bank (BB) on the JICA-assisted Foreign Direct Investment Promotion Project. The private bank’s managing director...

Strong extortion nexus active at Burimari port

Strong extortion nexus active at Burimari port

Syful Islam 2018-02-15 13:18:26

A nexus of land port and customs officials, police, and local political goons is allegedly involved in rampant extortion at Burimari land port, sources said. The organised extortion at every step o...

China to set up $16b integrated circuit investment firm

China to set up $16b integrated circuit investment firm

-- 2018-02-15 12:52:41

The municipal government of Chongqing, Tsinghua Unigroup and Sino IC Capital in China have signed a strategic agreement to set up an integrated circuit (IC) investment firm with a registered capital o...

Gold extends gain on dollar weakness

Gold extends gain on dollar weakness

-- 2018-02-15 11:50:16

Gold prices rose further on Thursday, supported by a weaker dollar and as investors bought the yellow metal as a hedge against inflation after a faster-than-expected rise in US consumer prices last mo...

Amazon to create 2,000 jobs in France

Amazon to create 2,000 jobs in France

-- 2018-02-15 11:19:11

US online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany. The increase will bring A...

Berkshire buys stake in Teva

Berkshire buys stake in Teva

-- 2018-02-15 10:59:45

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd (TEVA.TA) and said it bought more shares of Apple Inc...

PKB moves closer to required paid up capital

PKB moves closer to required paid up capital

Arafat Ara 2018-02-15 09:59:26

Wage Earners' Welfare Board (WEWB) has contributed an amount of Tk 1.0 billion to facilitate Probashi Kallyan Bank (PKB) for shoring up its capital base before converting it into a scheduled bank, sou...

IRRI invents tool to stop  bacterial blight outbreak

IRRI invents tool to stop bacterial blight outbreak

-- 2018-02-15 00:51:56

Scientists at the International Rice Research Institute (IRRI) have invented a new tool to track and stop bacterial blight outbreaks in rice field. The multi-national rice research organisation in a...

DP World of UAE asks for handling CTG port terminals

DP World of UAE asks for handling CTG port terminals

-- 2018-02-14 20:05:16

A UAE-based port terminal handling entity DP World has expressed keenness to run Chittagong Port's New Mooring Container Terminal and Bay Terminal. Officials involved made the disclosure in the port...

NBR to offer AEO facility from March

NBR to offer AEO facility from March

-- 2018-02-14 19:58:14

The National Board of Revenue (NBR) decided to offer local companies Authorized Economic Operator (AEO) facility from March aiming to minimise time and cost for trade related works. Head of the AEO c...

IBBL inaugurates agent banking outlet in Manikganj

IBBL inaugurates agent banking outlet in Manikganj

-- 2018-02-14 15:26:24

Islami Bank Bangladesh Limited (IBBL) has opened its agent banking outlet at South Jamsha Bazar area of Singair Upazila in Manikganj. Arastoo Khan, Chairman of IBBL was present at the programme as th...

Toshiba projects first profit in four years

Toshiba projects first profit in four years

-- 2018-02-14 14:58:43

Toshiba Corp forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its US nuclear unit Westinghouse. The Tokyo-based manufactu...

Fresh LNG projects likely as gas demand soars in Asia

Fresh LNG projects likely as gas demand soars in Asia

-- 2018-02-14 14:48:30

Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America...

Rolls-Royce reveals name for its first luxurious SUV

Rolls-Royce reveals name for its first luxurious SUV

FE Online Desk 2018-02-14 14:43:49

Rolls-Royce has been calling its upcoming SUV the “Cullinan Project” for years now as a nod to the 3,106-carat diamond found more than 100 years ago in a South African mine. It looks like...

Uber launches uberHIRE in Dhaka

Uber launches uberHIRE in Dhaka

FE Online Desk 2018-02-14 13:37:09

Uber, the world's largest on-demand ridesharing company, recently announced the launch of uberHIRE in Dhaka. With uberHIRE, riders can book longer duration trips for day-long meetings, shopping or to...