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The Financial Express

Search results for: Trade

Shipping services with South Africa, Morocco soon

Shipping services with South Africa, Morocco soon

FE Report 2018-01-26 11:43:26

Bangladesh will launch direct shipping services with South Africa and Morocco soon, shipping minister Shajahan Khan said on Thursday. "We will launch direct shipping services with Durban and Cape Tow...

Strike halts import thru Benapole

Strike halts import thru Benapole

-- 2018-01-26 11:39:14

The import activities through Benapole Land Port in Jessore remained halted since Thursday morning following a strike enforced by Indian traders at Petrapole. They stopped carrying imported goods p...

TRANSFAST partners with BRAC Bank, bKash for int’l money transfer

TRANSFAST partners with BRAC Bank, bKash for int’l money transfer

FE Online Desk 2018-01-26 06:54:19

TRANSFAST, a remittance solution, has partnered with BRAC Bank and bKash to enable global money transfers via bKash Mobile Wallet. Bangladeshi expatriates around the world can now send cross-border r...

China's decade-long smartphone growth takes a dip

China's decade-long smartphone growth takes a dip

FE Online Desk 2018-01-26 06:47:49

China's smartphone market has fallen for the first time, with annual shipments down by 4% in 2017, according to data from research firm Canalys. The decline ends almost a decade's growth in the world...

Euro gains as dollar bounce runs out of steam

Euro gains as dollar bounce runs out of steam

-- 2018-01-26 03:29:01

The euro jumped more than half a percent higher on Friday as comments by senior US officials this week advocating their support for a weak dollar reverberated through currency markets. Though US Pres...

Woori Bank holds workshop

Woori Bank holds workshop

FE Online Desk 2018-01-25 12:51:41

Woori Bank Bangladesh Limited has organised a day-long workshop on “Anti Money Laundering & Combating the financing of Terrorism” in Dhaka, recently. Zakir Hossain Chowdhury, General...

Brent crude eases after surprise  rise in US inventories

Brent crude eases after surprise rise in US inventories

-- 2018-01-25 12:24:24

Brent oil prices eased on Wednesday, under pressure from a rise in US crude and gasoline inventories although crude prices remained near three-year highs, reports Reuters. Benchmark Brent futures dip...

Gulf Arabs slam an absent Iran

Gulf Arabs slam an absent Iran

-- 2018-01-25 12:22:05

Gulf Arab officials used the World Economic Forum in Davos on Wednesday to slam Iran for what they said was its destabilising behaviour in the region, taking advantage of Tehran’s conspicuous ab...

BD Venture marks investment exit from EON Food

BD Venture marks investment exit from EON Food

FE Online Report 2018-01-25 12:00:00

A local venture capital firm has announced its maiden investment exit from EON Foods Limited in the latter’s office Thursday. BD Venture Limited made the announcement in the capital at a press...

Transport-sector craves for internal resources

Transport-sector craves for internal resources

FHM Humayan Kabir 2018-01-25 10:31:36

Transport sector that undertakes many mega-projects has a greater liking for easy-available internal resources and seeks an additional nearly Tk 10.64 billion in such funds in revised development budg...

UK to audit BD's air cargo security system again

UK to audit BD's air cargo security system again

Kamrun Nahar 2018-01-25 10:09:15

The UK Department for Transportation (DFT) is set to conduct 'Air Cargo or Mail Carrier operating into the Union from a Third Country Airport (ACC3)' audit for the second time to examine again the per...

LNG price to be three times more than domestic gas

LNG price to be three times more than domestic gas

M Azizur Rahman 2018-01-25 10:00:49

The government would require US$844.20 million to import around 1,000 million cubic feet per day (mmcfd) equivalent of LNG (liquefied natural gas) annually and its re-gasification in two FSRUs before...

Arsenal to promote cryptocurrency

Arsenal to promote cryptocurrency

-- 2018-01-25 09:37:11

Arsenal has reached a deal to become the first major football club to promote a cryptocurrency. The Gunners announced an agreement on Wednesday with US gambling company CashBet to promote the firm&rs...

Bangladesh eyes more manpower export to KSA

Bangladesh eyes more manpower export to KSA

FE Online Desk 2018-01-25 07:58:48

Bangladesh is exploring the possibilities of sending more skilled and semi-skilled manpower to Saudi Arabia to work in different sectors. Bangladeshi Ambassador Golam Moshi has said his country wants...

Gold prices inch upward again in two weeks

Gold prices inch upward again in two weeks

FE Online Report 2018-01-25 06:45:01

Local jewelers have revised gold prices with an upward trend to keep it compatible with those of international market. The new price will be effective from Friday, according to a statement by Banglad...

Hyundai Motor sees small profit rise

Hyundai Motor sees small profit rise

-- 2018-01-25 03:36:44

Hyundai Motor eked out a small 3 per cent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency and weak US and Chinese sales eroded the automa...

Dhaka Bank sings MoU with Sanmar Properties

Dhaka Bank sings MoU with Sanmar Properties

FE Online Desk 2018-01-25 03:08:26

Dhaka Bank Limited and Sanmar Properties Limited have signed a Memorandum of Understanding (MoU) at Sanmar Properties corporate office in Dhaka, recently. Md Shafquat Hossain, head of retail banking...

NAFTA key talks open amid upbeat signs

NAFTA key talks open amid upbeat signs

-- 2018-01-24 12:30:11

Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as US President Donald Trump said the talks were going “pretty well” and Canada’s...

TUs demand Tk 16,000 as minimum wage for RMG workers

TUs demand Tk 16,000 as minimum wage for RMG workers

FE Report 2018-01-24 12:00:00

A labour coalition demands Tk 16,000 as minimum monthly wage, with 10 per cent annual increment, for the workers of country's readymade garment sector. Garment Shramik Odhikar Andolan, a platform of...

Govt releases third installment of cash incentives for exporters

Govt releases third installment of cash incentives for exporters

FE Online Report 2018-01-24 12:00:00

The government released the third installment of cash incentives amounting to Tk 11.25 billion for disbursement among major exporters for fiscal year (FY) 2017-18. The Ministry of Finance on Wednesda...

GAPEXPO 2018 begins

GAPEXPO 2018 begins

FE Online Report 2018-01-24 12:00:00

A four-day trade show on garment accessories and packaging products, known as 'GAPEXPO', has started at International Convention City Bashundhara (ICCB) in Dhaka. Finance Minister Abul Maal Abdul Muh...

VAT online project gets revision in cost, time

VAT online project gets revision in cost, time

FE Report 2018-01-24 11:02:51

The government revised the VAT online project for the second time with increased cost and extended implementation period. The Executive Committee of the National Economic Council (ECNEC) endorsed the...

DCCI calls for declaring 2019-21 as ‘infrastructure years’

DCCI calls for declaring 2019-21 as ‘infrastructure years’

-- 2018-01-24 09:43:09

The Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to declare the period from 2019 to 2021 as 'the infrastructure years'. The DCCI made the call when its board of directors le...

Emirates announces special travel offer for Bangladesh

Emirates announces special travel offer for Bangladesh

FE Online Desk 2018-01-24 06:52:43

Emirates is making it even more attractive for travellers from Bangladesh to enjoy new destinations and experiences in 2018. For a limited time, travellers can avail of special offers on Economy and...

UCB donates vehicle to ‘Proyash’

UCB donates vehicle to ‘Proyash’

FE Online Desk 2018-01-24 02:50:16

United Commercial Bank Limited (UCB) has donated a vehicle to Proyash, Bangladesh Army operated institute of special needs, as the corporate social responsibility. A E Abdul Muhaimen, Managing Direct...

Facebook buys software firm to verify IDs

Facebook buys software firm to verify IDs

-- 2018-01-24 01:51:16

Facebook Inc is buying a software firm that specialises in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn...

BGMEA, TU leaders meet Thursday to discuss wage hike

BGMEA, TU leaders meet Thursday to discuss wage hike

Monira Munni 2018-01-23 10:35:42

Apparel sector leaders will sit with labour leaders Thursday to discuss the present situation of the industry and mobilise opinion about wage hike in the sector. Leaders of Bangladesh Garment Manufac...

Global brand to pay $2.3m in RMG safety settlement

Global brand to pay $2.3m in RMG safety settlement

FE Report 2018-01-23 10:28:29

IndustriALL Global Union and UNI Global Union have reached a $2.3 million settlement with a multinational apparel brand to fix life-threatening workplace hazards in Bangladesh's garment factories. Th...

All MNOs get green signal for 4G auctioning   

All MNOs get green signal for 4G auctioning  

-- 2018-01-23 07:59:03

All five mobile network operators (MNOs) in the country have proven their eligibility for offering 4G/LTE services. The four MNOs, except state-owned Teletalk, have also been eligible to take part in...

Extremities in fashion industry: CEO’s, worker’s earnings pole apart

Extremities in fashion industry: CEO’s, worker’s earnings pole apart

FE Online Desk 2018-01-23 07:11:43

A CEO from one of the world’s top five global fashion brands has to work for just four days to earn what a garment worker in Bangladesh earns in an entire lifetime. Oxfam International, in the...