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The Financial Express

Search results for: Trade

Govt further squeezes imports

Govt further squeezes imports

 DOULOT AKTER MALA 2022-08-05 08:10:41

Taxes on a slew of commodities are set to increase as the government further squeezes imports under crunch-time austerity to mitigate pressure on Bangladesh's foreign-exchange reserves. Officials...

Ten banks diagnosed as 'weak'

Ten banks diagnosed as 'weak'

FE REPORT 2022-08-05 08:02:52

Ten of Bangladesh's banks have been diagnosed 'weak' and remedial action is underway to protect 'depositors' interests', according to a declaration made Thursday. The central bank has decided their...

Walton honours 47 personalities, enterprises with Branding Heroes Award

Walton honours 47 personalities, enterprises with Branding Heroes Award

-- 2022-08-04 21:35:56

Electronics manufacturer Walton honoured 47 personalities and enterprises with the Branding Heroes Award in recognition of their outstanding contribution to raising sales growth through root-level cre...

Toyota's Q1 profit slides 42pc

Toyota's Q1 profit slides 42pc

-- 2022-08-04 20:02:11

Japan's Toyota Motor Corp on Thursday posted a worse-than-expected 42 per cent drop in first-quarter operating profit, as auto production was curbed by COVID-19 restrictions on factories in China and...

Bangladesh can bet big on its black tiger shrimp

Bangladesh can bet big on its black tiger shrimp

YASIR WARDAD 2022-08-04 11:01:02

Bangladesh's fisheries export, which mainly depends on shrimp industry, started witnessing a steady decline from the financial year 2013-14 with drastic fall in shipment which persisted until the FY'2...

FBCCI for regular trade exhibits to help boost local businesses

FBCCI for regular trade exhibits to help boost local businesses

FE REPORT 2022-08-04 10:31:02

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has stressed the need for holding regular trade exhibitions, in order to help local businesses flourish. The apex trade body cam...

India to use BD roads for nearly four months

India to use BD roads for nearly four months

MUNIMA SULTANA 2022-08-04 10:09:29

Bangladesh has allowed India to use a part of its road network in Sylhet region to facilitate transportation of liquefied petroleum gas (LPG) and petroleum oil (POL) between their two northeastern sta...

MMF conversion urgent as RMG value squeezes

MMF conversion urgent as RMG value squeezes

MONIRA MUNNI 2022-08-04 08:23:35

Bangladesh's main export industry cries for a transformation as value addition to traditional garments depreciated deeply from pre-pandemic levels mainly because of price rises of raw materials. Data...

HSBC to launch female entrepreneur fund in Bangladesh

HSBC to launch female entrepreneur fund in Bangladesh

-- 2022-08-03 19:08:33

HSBC will launch the ‘Female Entrepreneur Fund (FEF)’ in Bangladesh on Thursday in acknowledgement of the challenges that female-owned businesses face.  Female Entrepreneur Fund (FEF...

Bangla Trac Group Chairman Aminul Haque passes away

Bangla Trac Group Chairman Aminul Haque passes away

FE ONLINE DESK 2022-08-03 18:36:17

Bangla Trac Group Chairman Mohammad Aminul Haque passed away on Wednesday.   He was a former chairman of Prime Bank Limited and also the founder of Bangla Trac Group's establishments, says a med...

Khairul Alam Choudhury elected chairman of AB Bank

Khairul Alam Choudhury elected chairman of AB Bank

-- 2022-08-03 18:00:29

The board of directors of AB Bank Limited has elected Khairul Alam Choudhury as the bank’s chairman with effect from Wednesday (today). Mr Choudhury, Barrister-at-Law, joined AB Bank as a direc...

OPEC+ might have to raise oil output so market doesn't overheat, Kazakhstan says

OPEC+ might have to raise oil output so market doesn't overheat, Kazakhstan says

-- 2022-08-03 15:28:15

Displeased by US House Speaker Nancy Pelosi's visit to Taiwan, China on Wednesday announced to halt the exports of Natural sand to the island, CGTN News reported, citing the Chinese Ministry of Commer...

Robinhood cutting workforce by 23pc

Robinhood cutting workforce by 23pc

REUTERS 2022-08-03 10:46:19

Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 23 per cent of its employees, sending its shares down more than 3 per cent in extended trading. The company is als...

Biman offers web check-in

Biman offers web check-in

FE REPORT 2022-08-03 09:25:44

Biman Bangladesh Airlines introduces web check-in facility on international routes for the convenience of passengers cutting their waiting time at airports. With the service, travellers can choose th...

NBR moves to make customs assessment system paperless

NBR moves to make customs assessment system paperless

DOULOT AKTER MALA 2022-08-03 09:08:54

An 18-member national technical team of the revenue board will work to make the customs-assessment system paperless through automation. The National Board of Revenue (NBR) formed the body - 'Custom...

Integrated traffic management: DTCA in a fix with Tk 520m project

Integrated traffic management: DTCA in a fix with Tk 520m project

Munima Sultana 2022-08-03 09:05:53

The Dhaka Transport Coordination Authority (DTCA) is still in dire straits with the Tk 520-million Dhaka Integrated Traffic Management Project (DITMP), sources said. The authorities concerned are yet...

Power price raise likely again by Oct

Power price raise likely again by Oct

M AZIZUR RAHMAN 2022-08-03 08:44:47

Subscribers should brace for yet higher electric bills as the government considers raising power price again in October on grounds of subsidy cut-down and saving the country's foreign-exchange reserve...

14 moneychangers pay for forex misdealing

14 moneychangers pay for forex misdealing

SIDDIQUE ISLAM 2022-08-03 08:39:18

Cleanup action continues to manage Bangladesh's volatile forex market as 14 moneychangers are being meted out punitive actions in government bid to tame the dollar and stabilise reserves. Sources sai...

Jamal Bhuyan brand ambassador of Sprint for third consecutive year

Jamal Bhuyan brand ambassador of Sprint for third consecutive year

-- 2022-08-02 19:25:15

Sprint, from the house of Apex Footwear Limited, has chosen Bangladesh national football team’s skipper Jamal Bhuyan as its brand ambassador for the third consecutive year, according a press rel...

'Print media must innovate business model to boost ad revenue'

'Print media must innovate business model to boost ad revenue'

ISMAIL HOSSAIN 2022-08-02 15:08:17

Printed newspapers must bring innovation in their business model to increase their revenues, says a top advertising professional. The print media has now come down to the third position after televis...

Asia's richest men battle to dominate 5G in India

Asia's richest men battle to dominate 5G in India

BBC 2022-08-02 13:34:24

India's largest auction for 5G airwaves has ended after seven days, potentially setting the stage for a battle of supremacy over India's digital future between two of Asia's richest men - Gautam A...

TCB starts selling goods to 10m families at discounted price

TCB starts selling goods to 10m families at discounted price

-- 2022-08-02 12:52:47

The Trading Corporation of Bangladesh has started a drive to sell essential goods to more than 10 million families from the lower income group to commemorate the anniversary month of Bangabandhu...

Oil sinks about 4 per cent after weak factory data sparks demand concerns

Oil sinks about 4 per cent after weak factory data sparks demand concerns

REUTERS 2022-08-02 11:19:19

Oil prices dropped about 4 per cent on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer al...

US mulls crackdown on China memory chip makers

US mulls crackdown on China memory chip makers

-- 2022-08-02 10:03:20

The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people famili...

Bangladesh offers two packages for D-8, OIC states

Bangladesh offers two packages for D-8, OIC states

Doulot Akter Mala 2022-08-02 09:53:50

Bangladesh has offered two packages of concessionary duty benefits for the D-8 and some OIC countries to facilitate trade with the blocs. After the South Asian Free Trade Area (SAFTA) packages, the c...

MoC for exempting food processors from power cut

MoC for exempting food processors from power cut

FE REPORT 2022-08-02 08:31:52

The commerce ministry has requested the Power Division to keep factories producing essential items, including edible oil-producing units, out of the purview of the current phase of regulated power cut...

TCB to buy 8.0m litre soybean oil for selling at subsidised rate

TCB to buy 8.0m litre soybean oil for selling at subsidised rate

FE REPORT 2022-08-02 08:22:41

The Trading Corporation of Bangladesh (TCB) is all set to procure 8.0 million litres of soybean oil to sell the essential item at an affordable price, officials said. It has already floated a tende...

Pashur channel maintenance dredging: MPA seeks Tk 14b as grant

Pashur channel maintenance dredging: MPA seeks Tk 14b as grant

SYFUL ISLAM 2022-08-02 08:01:36

The Ministry of Shipping (MoS) backed the Tk 15.50-billion 'Pashur channel maintenance dredging project' as an 'electoral pledge' of the government and suggested that the Ministry of Finance (MoF) sho...

Millions of dollars missed on stalled refinery project

Millions of dollars missed on stalled refinery project

M AZIZUR RAHMAN 2022-08-02 07:59:33

Bangladesh misses out an opportunity to save annually around US$250 million through lower imports and also to export huge refined petroleum as a much-needed refinery has long been "stalled". Had the...

TCB to start selling essential items at subsidised rate Tuesday

TCB to start selling essential items at subsidised rate Tuesday

-- 2022-08-01 21:29:22

The state-run Trading Corporation of Bangladesh (TCB) will start selling essential items across the country on Tuesday at a subsidised rate. Commerce Minister Tipu Munshi will formally inaugurate the...