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The Financial Express

Search results for: Trade

Turkey, Russia, Ukraine, UN delegations to meet Wednesday on grain exports

Turkey, Russia, Ukraine, UN delegations to meet Wednesday on grain exports

-- 2022-07-12 23:25:31

Military delegations from Ukraine, Russia and Turkey will meet UN officials in Istanbul on Wednesday to discuss a possible deal to resume safe exports of Ukraine grain from the major Black Sea port of...

Oil price may surge by 40pc for failure to adopt Russian price cap: US official

Oil price may surge by 40pc for failure to adopt Russian price cap: US official

-- 2022-07-12 19:38:31

The global price of oil could surge by 40 per cent to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction exemptions that would allow shipments below that...

Euro drops to 20-year low

Euro drops to 20-year low

-- 2022-07-12 08:36:27

The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the US currency was boosted by expec...

Rawhide prices skyrocket as supply falls

Rawhide prices skyrocket as supply falls

-- 2022-07-11 16:11:55

Traders in Lalbagh’s Posta, the biggest rawhide wholesale market in Bangladesh, have been buying rawhide from seasonal traders and middlemen at an elevated price as the supply has fallen more th...

Tripura aims to export tea to Bangladesh

Tripura aims to export tea to Bangladesh

FE ONLINE DESK  2022-07-11 15:02:48

Tripura Chief Minister Manik Saha has said the government will take necessary steps to export tea to Bangladesh because the state is producing quality tea.  “Steps would be taken to...

Global food prices fall in June, cereal output slightly higher

Global food prices fall in June, cereal output slightly higher

-- 2022-07-09 09:42:48

ROME: World food prices fell for a third consecutive month in June, but remained close to record high levels set in March, the United Nations' food agency said on Friday. The Food and Agriculture Org...

LNG market has space for medium-term contracts

LNG market has space for medium-term contracts

-- 2022-07-09 09:34:14

SINGAPORE: The liquefied natural gas (LNG) market will see a growing need for medium-term and customised deals amid concern among some buyers about the price risks of long-term contracts and conflict...

Online sales of animals drop notably this Eid

Online sales of animals drop notably this Eid

SAJIBUR RAHMAN 2022-07-09 08:39:00

Sales of sacrificial animals online have seen a substantial decline in the country during this Eid-ul-Azha, according to the government data. Data of Aspire to Innovate (a2i), a programme of the gove...

Food supplies to RNPP come under quality check

Food supplies to RNPP come under quality check

FE REPORT 2022-07-09 08:29:10

The government is going to bring all kinds of food and drink supplied from the outside to the Rooppur Nuclear Power Plant (RNPP) under its close quality check, officials say. To this effect, it is...

Limping BIWTA project faces 73pc cost escalation

Limping BIWTA project faces 73pc cost escalation

FHM HUMAYAN KABIR 2022-07-09 08:16:18

A maritime safety and navigation development project has long overrun its three-year tenure, resulting in a 73-per cent hike in its implementation cost. The project will now need around a decade to f...

India blocks 119 accounts linked to China's Vivo  

India blocks 119 accounts linked to China's Vivo  

-- 2022-07-08 18:51:32

India's financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo's India business that were holding 4.65 billion rupees ($58.76 million), as part of a probe into alleged...

IFAD appoints Alvaro Lario as president 

IFAD appoints Alvaro Lario as president 

-- 2022-07-08 17:46:57

The International Fund for Agricultural Development (IFAD) has appointed its top finance executive, Alvaro Lario, to be its next president. Through the appointment, IFAD has chosen a champion of priv...

Grameen Telecom: Rule over probe into swallowing Tk 120m in fees

Grameen Telecom: Rule over probe into swallowing Tk 120m in fees

FE REPORT 2022-07-08 08:45:12

The High Court issues a rule over a likely investigation into the receipt of huge legal fees by apex-court lawyer Yousuf Ali from 176 clients in the cases filed against Grameen Telecom. It asks the...

Cattle sale yet to get momentum in city

Cattle sale yet to get momentum in city

YASIR WARDAD 2022-07-08 08:39:29

The sale of sacrificial animals is yet to get momentum in the city's 21 permanent and temporary cattle markets, frustrating thousands of traders and farmers whose investment increased notably this yea...

Outages affect output, create concerns about exports

Outages affect output, create concerns about exports

JUBAIR HASAN 2022-07-08 08:17:29

Power outage is taking its heavy toll on trade, business and economy through squeezing industrial production, say businesses and economists who also appear concerned about Bangladesh's trade competi...

PUMA keen to increase sourcing of high-end garments from Bangladesh

PUMA keen to increase sourcing of high-end garments from Bangladesh

FE Online Report 2022-07-07 20:16:09

PUMA, one of the leading sports brands in the world, is willing to increase apparel sourcing from Bangladesh, especially value-added sustainable products. Anne-Laure Descours, Chief Sourcing Officer...

BGMEA, EPB ink deal to develop skills of RMG workforce

BGMEA, EPB ink deal to develop skills of RMG workforce

FE ONLINE REPORT 2022-07-07 18:12:40

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the state-owned Export Promotion Bureau (EPB) signed an agreement to develop the skills of workers and mid-level managers working...

Russia-Ukraine war must end for the sake of humanity and development: ICCB

Russia-Ukraine war must end for the sake of humanity and development: ICCB

FE ONLINE DESK 2022-07-07 15:32:01

The world, after getting battered by the pandemic, supply chain chokeholds and leaps in prices, is now faced with worst human and economic catastrophe due to uncalled for Russia-Ukraine war. This war...

37 Bangladeshi companies participate in 9th Berlin Asia Apparel Expo

37 Bangladeshi companies participate in 9th Berlin Asia Apparel Expo

FE ONLINE DESK 2022-07-07 14:56:04

A total of 37 Bangladeshi companies participated in the 9th Berlin Asia Apparel Expo, held in Germany from July 5-7. The expo was organised in joint collaboration with Bangladesh Embassy in Berlin, G...

Cattle trading kicks off in city markets

Cattle trading kicks off in city markets

TALHA BIN HABIB 2022-07-07 12:30:18

Cattle trading in the capital reported poorly on the first on Wednesday as traders sought high prices for sacrificial animals from prospective buyers. The FE visited makeshift markets at Kamalapur, S...

Cross-border data flow curbs may cut digital services exports by 29-44pc

Cross-border data flow curbs may cut digital services exports by 29-44pc

FE REPORT 2022-07-07 10:06:36

The country's digital services exports (DSEs) might decline by 29-44 per cent, depending on the severity of cross-border data flow (CBDF) restrictions and retaliatory measures, according to a latest s...

Parking policy shelved, Dhaka's transport disarray deepens

Parking policy shelved, Dhaka's transport disarray deepens

MUNIMA SULTANA 2022-07-07 09:28:36

A parking policy prepared for Dhaka four years back seems shelved while transport disarray in the capital creates traffic impasse, say sources and blame vested interest for the drawback. They say Dha...

Move on to revive Dhaka-Ctg expressway

Move on to revive Dhaka-Ctg expressway

MUNIMA SULTANA 2022-07-07 09:11:28

Government authorities move to revive a dormant project for developing over 200-km expressway in Bangladesh's prime Dhaka-Chattogram corridor, sources say, now that even the upgraded highway is gettin...

Laundered money repatriation bait receiving response

Laundered money repatriation bait receiving response

DOULOT AKTER MALA 2022-07-07 08:16:15

The government's revenue authority expects around Tk 20 billion in taxes by whitening undisclosed money as the budgetary bait of amnesty begins to arouse response, sources say. The first-of-its-kind...

More than a dozen local garment manufacturers join Paris expo

More than a dozen local garment manufacturers join Paris expo

FE ONLINE REPORT 2022-07-06 20:41:15

More than a dozen local fabric and garment manufacturers took part in the three-day Texworld/Apparel Sourcing/Leather World Paris 2022 expo that concluded on Wednesday. Ms Dilara Begum, Commercial Co...

FBCCI calls for power rationing for uninterrupted production

FBCCI calls for power rationing for uninterrupted production

-- 2022-07-06 20:33:30

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin has called for power rationing to keep production interrupted. He said the factories are now experiencing...

11 banks to distribute Tk 4.43b loans to facilitate rawhide trade

11 banks to distribute Tk 4.43b loans to facilitate rawhide trade

-- 2022-07-06 18:29:10

The Bangladesh Bank has set a target to distribute Tk 4.43 billion loans by 11 state-owned and private banks to facilitate rawhide trade during the Eid-ul-Azha. Central bank spokesperson Md Serajul I...

HSBC engages stakeholders in sustainable waste management solutions

HSBC engages stakeholders in sustainable waste management solutions

FE ONLINE DESK 2022-07-06 15:44:20

HSBC Bangladesh organised an online session titled ‘Transitioning to a circular economy with sustainable waste management’ for its stakeholders and corporate customers recently. Sustainab...

Saeda Khanam made BB director

Saeda Khanam made BB director

FE REPORT 2022-07-06 11:08:53

Saeda Khanam, Additional Director at the Department of Communications and Publications of Bangladesh Bank, has been promoted to Director (ex cadre-publications). A central bank statement said the pro...

BEZA, Chinese firms to set up water treatment plant at Bangabandhu Shilpa Nagar

BEZA, Chinese firms to set up water treatment plant at Bangabandhu Shilpa Nagar

FE Report 2022-07-06 08:55:46

A water treatment plant with capacity of 50 million litres per day (MLD) will be established at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to provide the industrial units with safe water. To this...