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The Financial Express

Search results for: Trade

Community Bank directors congratulate new BB governor

Community Bank directors congratulate new BB governor

FE ONLINE DESK 2022-07-28 17:24:14

The board of directors of Community Bank Bangladesh Limited has congratulated the newly appointed Governor of Bangladesh Bank Abdur Rauf Talukdar. S M Ruhul Amin, additional IG (logistics and asset...

CCCI inks MoU with IIMK and BCI for sharing knowledge

CCCI inks MoU with IIMK and BCI for sharing knowledge

OUR CORRESPONDENT, CHATTOGRAM 2022-07-28 13:32:58

The Chittagong Chamber of Commerce and Industry (CCCI), Indian Institute of Management Kozhikode (IIMK) and Bangladesh Centre of Excellence (BCI) have signed a memorandum of understanding (MoU) for sh...

Experts push for nat'l logistics policy to stay competitive

Experts push for nat'l logistics policy to stay competitive

FE REPORT 2022-07-28 09:25:02

Bangladesh urgently needs to formulate a holistic national logistics policy to stay competitive in dealing with mounting volume of international trades in the coming years, experts said. They said th...

MCCI for using 2nd currency for int'l trading

MCCI for using 2nd currency for int'l trading

FE REPORT 2022-07-28 09:18:03

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggested considering using a second currency, other than the US dollar, for international trading. The proposal came up following vola...

BPC continues regular import of petroleum products

BPC continues regular import of petroleum products

M AZIZUR RAHMAN 2022-07-28 09:13:33

State-run Bangladesh Petroleum Corporation (BPC) is continuing regular import of petroleum products under contractual obligations amid austerity measures taken by the government to reduce fuel consu...

55pc US apparel buyers want to increase sourcing from Bangladesh: Study

55pc US apparel buyers want to increase sourcing from Bangladesh: Study

-- 2022-07-27 23:23:44

A recent US study has suggested that top American apparel buyers are more interested in sourcing their products from Bangladesh than from Vietnam, Indonesia, China, Cambodia and other competitors in t...

Microsoft forecasts double-digit revenue growth, soothes market fears

Microsoft forecasts double-digit revenue growth, soothes market fears

-- 2022-07-27 21:41:45

Microsoft Corp on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5 per cent. The strong outlook shows Micro...

Power stations in Bangladesh can now seek any amount of loan

Power stations in Bangladesh can now seek any amount of loan

-- 2022-07-27 20:09:11

The Bangladesh Bank has lifted the loan ceiling for power plants for the next six months in wanting to ease the ongoing energy crunch due to global crisis. As per the Bank Company Act, a bank can len...

FBCCI delegation leaves for India to attend buyer-seller meet

FBCCI delegation leaves for India to attend buyer-seller meet

-- 2022-07-27 17:28:05

A high-level business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has left Dhaka for India to join the 2nd North East India Buyer-Seller Meet aimed at boosting...

Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

-- 2022-07-27 17:23:55

Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up st...

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

REUTERS 2022-07-27 10:56:30

Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with T...

From burgers to gadgets, stressed consumers buy cheap

From burgers to gadgets, stressed consumers buy cheap

REUTERS 2022-07-27 10:20:28

Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach and cheap burgers, while those with bigger bank accounts are snap...

Businesses urged to raise intra-D8 trade to $1.3t

Businesses urged to raise intra-D8 trade to $1.3t

FE REPORT 2022-07-27 09:51:24

The entrepreneurs of the D8 (Developing-8) countries have been urged to gear up efforts to raise intra-trade within the bloc to $1.3 trillion. Addressing the meeting of the D8 entrepreneurs dubbed as...

RMG exports to Japan cross billion dollars

RMG exports to Japan cross billion dollars

MONIRA MUNNI 2022-07-27 09:04:40

Bangladesh's ready-made garment (RMG) exports to Japan crossed the billion-dollar mark in fiscal year (FY) 2021-22 after a decline in the previous two fiscals. Apparel exports to Japan doubled in the...

Govt wants cut in taxes on olive, canola, sunflower oils

Govt wants cut in taxes on olive, canola, sunflower oils

FE REPORT 2022-07-27 08:51:07

The commerce ministry has asked the National Board of Revenue (NBR) to cut all kinds of duty, tax and tariff value on sunflower, olive and canola oils at import stage, aiming to cut dependency on wi...

GP conducts 5G trials

GP conducts 5G trials

-- 2022-07-26 20:52:52

Grameenphone (GP) has conducted the trial run for the 5G network with some use cases in Dhaka and Chattogram to unleash the future of connectivity in the country. Yasir Azman, CEO of the telecom oper...

Shuttle co-founders named in Forbes 30 Under 30 Asia list

Shuttle co-founders named in Forbes 30 Under 30 Asia list

FE ONLINE DESK 2022-07-26 20:27:45

Shuttle, a mass-transit startup based in Bangladesh, co-founders Reyasat Chowdhury and Jawwad Jahangir have been named among the seven Bangladeshis who made it to the Forbes 30 under 30 list in 2022...

Unilever ups sales guidance after price hikes help it beat forecast

Unilever ups sales guidance after price hikes help it beat forecast

REUTERS 2022-07-26 15:20:17

Unilever Plc raised its full-year sales guidance after beating first-half underlying sales forecasts as the maker of Dove soap and Knorr stock cubes hiked prices to counter soaring costs, sending its...

LFB, BDF sign corporate deal

LFB, BDF sign corporate deal

FE ONLINE DESK 2022-07-26 12:53:14

The Leaders Forum BD (LFB) and the Bangladesh Doctors Foundation (BDF) entered into a mutually agreed corporate covenant on Monday. LFB founder and president AKM Roknuzzaman Khandker and BDF chairman...

Tesla raises spending plan, discloses new subpoena on Musk's 2018 tweet

Tesla raises spending plan, discloses new subpoena on Musk's 2018 tweet

REUTERS 2022-07-26 11:34:48

Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk...

Oil rises as Russian gas cut to Europe may encourage switching to crude

Oil rises as Russian gas cut to Europe may encourage switching to crude

FE ONLINE DESK 2022-07-26 11:26:55

Oil rose on Tuesday on expectations Russia's reduction in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand because of an expected increase in...

Food delivery companies revamp for cost-of-living crunch

Food delivery companies revamp for cost-of-living crunch

-- 2022-07-25 21:05:24

When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub that will...

BMCCI, DPMM ink MoU to boost BD, Malaysia trade ties

BMCCI, DPMM ink MoU to boost BD, Malaysia trade ties

-- 2022-07-25 20:37:56

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) on Monday signed a Memorandum of Understanding (MoU) with the Malay Chamber of Commerce, Malaysia (DPMM) to enhance trade and investment ti...

Pakistani business delegation, Nigerian High Commissioner met leaders of DCCI

Pakistani business delegation, Nigerian High Commissioner met leaders of DCCI

FE ONLINE REPORT 2022-07-25 18:09:43

A Pakistani business delegation and Nigerian High Commissioner met the top leaders of Dhaka Chamber of Commerce & Industry (DCCI). A Pakistani business delegation led by the President of the Fede...

Crisis-hit Evergrande faces deadline after bosses quit

Crisis-hit Evergrande faces deadline after bosses quit

BBC 2022-07-25 15:06:04

Embattled Chinese real estate giant Evergrande is expected to deliver a preliminary restructuring plan this week, following the exit of two bosses. The firm says its chief executive and f...

Addressing forex volatility: D-8 CCI to moot alternative trade financing

Addressing forex volatility: D-8 CCI to moot alternative trade financing

SYFUL ISLAM 2022-07-25 11:10:13

The D-8 Chamber of Commerce and Industry (D-8 CCI) will propose alternative trade financing to address the pressure on the local currency and the foreign exchange (forex) reserve. The chamber will su...

Concern aired over huge tomato imports despite bumper harvest

Concern aired over huge tomato imports despite bumper harvest

FE REPORT 2022-07-25 10:53:17

Bangladesh imported 76,000 tonnes of tomato in the last fiscal year (FY '22) despite the fact that the domestic production of the vegetable was a record 1.75 million tonnes, it was disclosed at a prog...

Govt asks Bangladesh Bank to provide LC data on rice import

Govt asks Bangladesh Bank to provide LC data on rice import

FE REPORT 2022-07-25 10:03:51

The government has asked the central bank to provide it with the LC (letter of credit) data of rice import, aiming to know the shipment details of the staple so that it can monitor and oversee supply...

PRAN-RFL eyes $1b exports by 2025, $2b by 2030

PRAN-RFL eyes $1b exports by 2025, $2b by 2030

FE REPORT 2022-07-25 09:42:28

PRAN-RFL Group, one of the country's leading business conglomerates, plans to double its export earning to US$1.0 billion within the next three years. It is also planning to reach the $2.0-billion ex...

China's home-grown C919 jet nears certification as test planes complete tasks

China's home-grown C919 jet nears certification as test planes complete tasks

-- 2022-07-24 16:03:17

China's homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturda...