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The Financial Express

Search results for: Trade

ShopUp raises fresh $65m from US-based Valar Ventures

ShopUp raises fresh $65m from US-based Valar Ventures

FE REPORT 2022-06-28 08:27:19

Local startup ShopUp has raised $65 million in fresh investment from the US-based Valar Ventures to expand its operations further. The business-to-business (B2B) platform made the announcement on M...

MoFA, NBR back proposal to realise transit fees

MoFA, NBR back proposal to realise transit fees

SYFUL ISLAM 2022-06-28 08:18:54

Dhaka decides to realise various charges for transportation of oils and gas from Meghalaya into Tripura crossing over Bangladesh territory as catastrophic rains and landslides in northeastern India ha...

Russia's fashion industry looks for the silver lining

Russia's fashion industry looks for the silver lining

-- 2022-06-27 20:08:23

Under its glitzy facade, the Russian high-fashion industry faces an uncertain future. Scores of Western designer labels have quit Russia as part of a backlash against Moscow's decision to send troops...

Swiss bank Credit Suisse found guilty in cocaine cash laundering case

Swiss bank Credit Suisse found guilty in cocaine cash laundering case

-- 2022-06-27 19:57:36

Switzerland-based global investment bank and financial services firm Credit Suisse and a former employee have been found guilty by Switzerland's Federal Criminal Court of failing to prevent money-laun...

Mercantile Bank donates Tk 100m to PM’s relief fund

Mercantile Bank donates Tk 100m to PM’s relief fund

FE ONLINE DESK 2022-06-27 16:59:01

Mercantile Bank Limited (MBL) has donated Tk 100 million to the Prime Minister’s Relief Fund to help the flood-affected people of Sunamgonj, Sylhet and other districts of the country. Morshed...

12th Social Business Day kicks off today

12th Social Business Day kicks off today

FE ONLINE DESK 2022-06-27 15:02:14

The 12th SOCIAL BUSINESS DAY, hosted by Nobel Laureate Professor Muhammad Yunus, will be held from 27-30th June this year. The theme of SOCIAL BUSINESS DAY 2022 will be “Building a New Civilisat...

NBR needs holistic reform for financing budget

NBR needs holistic reform for financing budget

FE Report 2022-06-27 10:43:41

Holistic reform of the National Board of Revenue (NBR), appointing knowledgeable persons, is needed to earn mammoth targeted revenue to finance the Tk6.78-trillion national budget for the financial...

Food export bans, from India to Argentina, risk fueling inflation

Food export bans, from India to Argentina, risk fueling inflation

-- 2022-06-27 10:39:13

It only took 24 hours last month for Prime Minister Narendra Modi's government in India - the world's second-largest producer of wheat - to shelve its plans to "feed the world", Reuters reports. In A...

Loan disbursement: Janata Bank to adopt more cautious policy

Loan disbursement: Janata Bank to adopt more cautious policy

-- 2022-06-27 10:29:33

State-owned commercial bank Janata Bank Limited (JBL) looks to adopt a higher cautious policy while selecting borrowers in the coming days to help increase profitability. The bank will also priorit...

Boro procurement may fall short of target

Boro procurement may fall short of target

TALHA BIN HABIB 2022-06-27 10:04:37

The ongoing Boro procurement target this year might not be fulfilled as little quantity was procured compared to the target during the last nearly two months since its inception. Earlier, the governm...

CCC announces Tk 21.61b budget for FY '23

CCC announces Tk 21.61b budget for FY '23

NAZIMUDDIN SHYAMOL 2022-06-27 09:59:06

The Chattogram City Corporation (CCC) has announced an over Tk 21.61 billion (Tk 2,161 crore) budget for the next financial year (fiscal year 2022-23 or FY '23). Announcing the budget on Sunday, the...

Extract hydrocarbons forthwith or risk draining foreign exchange

Extract hydrocarbons forthwith or risk draining foreign exchange

FE REPORT 2022-06-27 08:22:32

It's high time the government shifted focus onto harnessing primary energy to avoid squandering forex on LNG imports and to ensure sustainable quality power supply at affordable prices, experts say....

Govt permits 1.0m-tonne rice import to ease mkt

Govt permits 1.0m-tonne rice import to ease mkt

YASIR WARDAD 2022-06-27 08:09:10

The government is going to primarily permit private sector to import a maximum of 1.0 million tonnes of rice to cool down its price on the domestic market. Sources say the move comes after the slashi...

Soybean oil price drops by Tk 6 per litre

Soybean oil price drops by Tk 6 per litre

-- 2022-06-26 20:29:11

The price of soybean oil has been decreased by Tk 6.0 per liter, which will be effective from Monday (June 27). The Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA)...

Govt set to permit private sector import of 1.0m tonnes of rice

Govt set to permit private sector import of 1.0m tonnes of rice

FE ONLINE REPORT 2022-06-26 19:32:05

The government primarily has set to permit importing maximum of 1.0 million tonnes of rice through the private channels to help bring down the price of the staple in the domestic market.  The de...

Cox's Bazar traders urge govt to allow salt import

Cox's Bazar traders urge govt to allow salt import

FE REPORT 2022-06-26 08:17:58

Salt traders in Cox's Bazar are persuading the government to allow them to import salt as the country has a deficit of the key essential item, industry insiders said. A good number of salt traders un...

RMG exports to US may face setback

RMG exports to US may face setback

FE REPORT 2022-06-26 08:15:19

Country's apparel export to the United States may face a setback due to an import restriction by the US authorities on goods having any link to Xinjiang region of China, industry insiders feared. The...

CAB urges govt to readjust edible oil prices

CAB urges govt to readjust edible oil prices

FE REPORT 2022-06-25 10:15:23

The Consumers Association of Bangladesh (CAB) urged the government to readjust edible oil prices in the country following a downward trend of their rates in the international market. Vice-President o...

Rice, vegetable prices on rise

Rice, vegetable prices on rise

Yasir Wardad 2022-06-25 08:57:59

Rice prices continued to rise in local markets, as leading consumer goods companies raised prices by maximum Tk 6.0-11 a kg, according to market sources. Onion and some vegetables also followed the...

Rights issues: Bangladesh to amend labour law with EU recipe

Rights issues: Bangladesh to amend labour law with EU recipe

REZAUL KARIM 2022-06-25 08:56:11

The government is working to amend the labour law with some suggestions on rights issues made by the European Union and the International Labour Organisation. Sources say a high-powered working com...

Women workers' outflow rises 75pc in first five months of 2022

Women workers' outflow rises 75pc in first five months of 2022

FE REPORT 2022-06-25 08:53:33

The outflow of women migrant workers increased by 75 per cent in the first five months of this year following demands for the workers from different countries in the Middle East (ME). Data released...

Burimari Bangladesh's busiest land port in handling foreign trade

Burimari Bangladesh's busiest land port in handling foreign trade

FHM HUMAYAN KABIR 2022-06-25 08:51:07

Burimari land port in Lalmonirhat has emerged as the busiest land port in the country in terms of facilitating foreign trade, as it has handled the highest amount of goods and trucks over the last f...

Carrying oil, LPG to NE thru Bangladesh: India seeks temporary permission

Carrying oil, LPG to NE thru Bangladesh: India seeks temporary permission

SYFUL ISLAM 2022-06-25 08:49:04

Dhaka is considering Delhi's proposal for using Bangladesh territory to transport fuel oils and gas from Meghalaya to Tripura as catastrophic rains and landslides in northeastern India halted vehicu...

Western brand Nike announces plans to leave Russia

Western brand Nike announces plans to leave Russia

-- 2022-06-24 19:52:35

Nike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February. The US sportswear giant halted online orders and closed the...

Netflix announces another round of job cuts after subscriptions fall

Netflix announces another round of job cuts after subscriptions fall

-- 2022-06-24 19:46:17

Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting 300 more jobs - roughly 4 per cent of its workfor...

Dragon Sweater growing apace

Dragon Sweater growing apace

FE ONLINE DESK 2022-06-24 14:24:35

Dragon Sweater & Spinning Limited (DSSL), one of the largest integrated sweater and spinning projects in South Asia, has been growing sustainably alongside drawing huge attention from global buyer...

Toyota, Subaru shares drop on recalls of their first EV models

Toyota, Subaru shares drop on recalls of their first EV models

-- 2022-06-24 10:59:47

Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a...

BB revives relaxed loan repayment policy

BB revives relaxed loan repayment policy

FE REPORT 2022-06-24 08:59:09

The central bank has revived its relaxed loan-repayment policy to keep the ongoing economic activities stable despite long-term negative impact of the Covid-19 pandemic as well as the Russia-Ukraine...

Flood causes fear for safe cattle shipment

Flood causes fear for safe cattle shipment

FE REPORT 2022-06-24 08:56:27

Safe transportation amid floods and the irritant of highway-waterway extortion will be a key challenge for cross-country supplies of sacrificial animals, which are in surplus, officials tell a press...

Russia agrees to export wheat

Russia agrees to export wheat

FE REPORT 2022-06-24 08:55:01

Food Minister Sadhan Chandra Majumder said in Parliament on Thursday that Russia agreed to export wheat to Bangladesh. It wants to export to Bangladesh 200,000 tonnes of wheat. Earlier, Bangladesh...