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The Financial Express

Search results for: Trade

Hilsa, vegetables see price hike

Hilsa, vegetables see price hike

FE Report 2018-01-13 10:04:50

Prices of hilsa and vegetables spiralled upwards on Friday, adding to the woes of consumers already hit hard by the rise in living cost. The uptrend in hilsa prices began on Tuesday, a day after newl...

High-value apparels to help attain $50b exports target

High-value apparels to help attain $50b exports target

FE Report 2018-01-13 09:26:26

Speakers at a programme underscored Friday the need for enhancing Bangladesh's images among foreign buyers while creating more skilled professionals to ensure the apparel sector's desired growth. The...

LBFL inks MoU with Rangs

LBFL inks MoU with Rangs

FE Online Desk 2018-01-13 01:34:41

LankaBangla Finance Ltd (LBFL) recently signed a MoU with Rangs Limited for its customer privilege, said a statement. Khurshed Alam, Head of Retail Finance of LBFL and Shoeb Ahmed, Chief Executive...

Rice prices rise further despite Aman harvest, imports

Rice prices rise further despite Aman harvest, imports

Yasir Wardad 2018-01-12 12:50:16

The ongoing Aman harvesting season and an all-time high import hardly could benefit consumers as rice became pricier again last week, augmenting sufferings of the commoners further. Seasonal coarse r...

ROK plan to ban cryptocurrency trading rattles market

ROK plan to ban cryptocurrency trading rattles market

-- 2018-01-12 12:45:47

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax aut...

BD didn’t seek GSP after 2015, says US official

BD didn’t seek GSP after 2015, says US official

FE Report 2018-01-12 12:14:53

The United States thinks that Bangladesh still needs the generalised system of preferences (GSP) facility to boost its export in the US market and to remain competitive with other countries, as GSP is...

BB asks for banks’ recovery targets on top 20 defaulters

BB asks for banks’ recovery targets on top 20 defaulters

-- 2018-01-12 11:16:06

The central bank has asked commercial banks to set targets of loan recovery from top 20 defaulters for 2018 upon the approval by their respective board of directors. The Bangladesh Bank (BB) has also...

Mobile phone distributors ‘unsatisfied’ over smartphone penetration

Mobile phone distributors ‘unsatisfied’ over smartphone penetration

SM Najmus Sakib 2018-01-12 08:02:53

Bangladesh has a long way to go to attain a satisfactory smartphone user base, observed mobile phone distributors. According to them, only 30 per cent of the people in the country use smartphones. T...

Safety concerns: Mitsubishi recalls thousands of cars in Russia

Safety concerns: Mitsubishi recalls thousands of cars in Russia

-- 2018-01-12 03:23:02

Russia’s standards agency Rosstandart said on Friday it had been informed about the recall of 16,515 Mitsubishi cars sold in Russia between April 2013 and February 2016. The Japanese automaker...

Unregulated British firm  draws Asian investors

Unregulated British firm draws Asian investors

-- 2018-01-11 12:57:13

Financial.org, a UK company that describes itself as an education business and sponsors a Formula One team, is managing hundreds of thousands of dollars for Asian investors even though it is not licen...

India allows foreign investors  to own up to 49pc of Air India

India allows foreign investors to own up to 49pc of Air India

-- 2018-01-11 12:54:43

India cleared a proposal on Wednesday to allow foreign investors to own up to a 49 per cent stake in state-run carrier Air India, paving the way for global airlines to bid for the loss-making flagship...

Mexico says why it may leave NAFTA talks

Mexico says why it may leave NAFTA talks

Reuters 2018-01-11 12:48:45

Mexico will leave the NAFTA negotiating table if US President Donald Trump decides to trigger a 6-month process to withdraw from the trade pact, three Mexican sources with knowledge of the talks told...

2017 sees 2nd highest tea output in country

2017 sees 2nd highest tea output in country

Iqbal Siddiquee 2018-01-11 12:00:00

The country's tea production declined by about 10 million kilograms in 2017 due to unfavourable weather conditions, tea sector insiders have said. Bangladesh produced 85 million kgs of tea in the pre...

'Frame clear guidelines to implement new VAT law'

'Frame clear guidelines to implement new VAT law'

FE Report 2018-01-11 12:00:00

Policymakers and stakeholders have recommended the government to frame clear guidelines for the private sector for implementation the new VAT law, after identifying the main reasons as to why the law...

Square Pharmaceuticals rejects IFC proposal, teams up with SCB

Square Pharmaceuticals rejects IFC proposal, teams up with SCB

FE Online Report 2018-01-11 12:00:00

Square Pharmaceuticals Limited has rejected a proposal by International Finance Corporation (IFC) for an equity partnership in Square Pharmaceuticals Kenya EPZ Limited. Instead, Bangladesh’s l...

Hyundai Motor invests in ride-hailing firm Grab

Hyundai Motor invests in ride-hailing firm Grab

Reuters 2018-01-11 11:41:57

Hyundai Motor Co (005380.KS) said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries t...

Chittagong port traders oppose blanket VAT

Chittagong port traders oppose blanket VAT

Syful Islam 2018-01-11 11:32:53

Businesses took a stand against blanket VAT imposition on all 60 types of port services when the main seaport's operators paused before realising the tax to get a direction from their parent ministry....

Call to set up legal framework for crowdfunding

Call to set up legal framework for crowdfunding

FE Report 2018-01-11 11:03:21

Experts at a roundtable have called for developing a policy and legal framework for blockchain so that Bangladesh can reap the benefit of this global phenomenon. Digital companies in Bangladesh have...

10pc cash incentive for local IT exporters: Jabbar

10pc cash incentive for local IT exporters: Jabbar

SM Najmus Sakib 2018-01-11 09:59:04

The government is considering 10 per cent cash incentive to local information technology (IT) service exporters in a bid to facilitate the sector to grow further. Post, Telecom and Information Techn...

US mulls trade expansion in energy sector

US mulls trade expansion in energy sector

-- 2018-01-11 05:51:11

The United States is giving a serious look at Bangladesh to expand its trade and investment ties with a special focus on oil, gas and energy sector as Bangladesh offers huge potentials in this area, s...

South Korea plans to ban cryptocurrency trading

South Korea plans to ban cryptocurrency trading

-- 2018-01-11 02:22:28

The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police an...

BGMEA hands over insurance cheque to workers' nominees

BGMEA hands over insurance cheque to workers' nominees

FE Online Desk 2018-01-11 01:44:40

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has handed over 150 cheques to the nominees of RMG workers and employees who died during their service. The government trade body or...

WaveMaker starts business in Bangladesh

WaveMaker starts business in Bangladesh

FE Online Desk 2018-01-11 01:23:37

WaveMaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merger of MEC and Maxus, started business in Bangladesh. Wavemaker Bangladesh, also a part...

Harpic celebrates 40 years journey

Harpic celebrates 40 years journey

FE Online Desk 2018-01-10 12:17:57

Harpic, a leading toilet cleaner brand Tuesday began its 40-year celebration programme at the Lakeshore Hotel in the city. A new pack for Harpic was also unveiled in the event, said a statement....

Secondary trading of T-bills, T-bonds drops by 45pc

Secondary trading of T-bills, T-bonds drops by 45pc

Asjadul Kibria 2018-01-10 12:00:00

Secondary trading of treasury bills and treasury bonds, two short-and long-term fixed income government securities, declined steeply last year. Latest statistics of the central bank showed that the t...

Oil prices reach three-year high

Oil prices reach three-year high

Reuters 2018-01-10 12:00:00

Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. A broad...

BRAC Bank launches health card

BRAC Bank launches health card

FE Report 2018-01-10 12:00:00

BRAC Bank has launched a health card in association with Mastercard and Apollo Hospitals aiming to facilitate Bangladeshi patients’ transaction in India. This first-ever co-branded health card...

Bangladesh ramps up rice purchase, India’s exports surge

Bangladesh ramps up rice purchase, India’s exports surge

-- 2018-01-10 12:00:00

India’s rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as Bangladesh stepped up purchases after flooding affected its crops, industry officials told Reuters. The...

Expo on garment accessories begins Jan 24

Expo on garment accessories begins Jan 24

FE Report 2018-01-10 11:57:27

A four-day fair related to garment accessories and packaging products, known as 'GAPEXPO' will begin on January 24 in the city's International Convention City Bashundhara (ICCB). The Bangladesh Garme...

NBR relaxing condition to have more VAT awardees

NBR relaxing condition to have more VAT awardees

Doulot Akter Mala 2018-01-10 10:08:08

The National Board of Revenue (NBR) has decided to relax that condition that makes10 per cent higher VAT payment on an annual basis mandatory to help the businesses to be eligible for the VAT payers'...