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The Financial Express

Search results for: Trade

Brazil to expand ties with Bangladesh in agri sector: Envoy

Brazil to expand ties with Bangladesh in agri sector: Envoy

FE REPORT 2022-06-16 10:13:12

Brazil expressed a great interest on Wednesday to expand bilateral cooperation with Bangladesh in agriculture sector for mutual benefits of the two countries. The Brazilian authorities' interest came...

Maria Fernanda new ICC chair

Maria Fernanda new ICC chair

FE REPORT 2022-06-16 09:10:05

The International Chamber of Commerce (ICC), a platform of global businesses, elected Maria Fernanda Garza as its chair for a two-year term from July 01, 2022 to June 30, 2024. She has become the fir...

Jainul Bari made IDRA chairman

Jainul Bari made IDRA chairman

FE REPORT 2022-06-16 09:07:43

The government has appointed Mohammad Jainul Bari as the fourth chairman of the Insurance Development and Regulatory Authority of Bangladesh (IDRA). The IDRA is the regulator of the country's 81 life...

Foreign JV takes PMB charge by June 20

Foreign JV takes PMB charge by June 20

FE REPORT 2022-06-16 08:51:05

A Korean-Chinese joint-venture company takes charge of operation and maintenance of the Padma Multipurpose Bridge (PMB) on completion of major works of the iconic infrastructure before June 20. Prime...

Offshore exploration: Delay in sweetening MPSC holds back seismic survey

Offshore exploration: Delay in sweetening MPSC holds back seismic survey

M AZIZUR RAHMAN 2022-06-16 08:16:07

A Norwegian-US joint venture, TGS-Schlumberger, is waiting for a fresh model production-sharing contract (MPSC) before initiating its seismic shoots in the Bay of Bengal, said sources. They said a lu...

China eyes Mongla seaport operations management

China eyes Mongla seaport operations management

MIR MOSTAFIZUR RAHAMAN 2022-06-16 08:13:20

China is actively considering Bangladesh's request for funding modernisation of the Mongla Seaport but wants operations management of the port having potential to become an international shipping hub....

Higher prices allow Russia’s energy revenues to climb amid sanctions: IEA

Higher prices allow Russia’s energy revenues to climb amid sanctions: IEA

-- 2022-06-15 20:48:41

Higher crude oil and fuel prices allowed Russian revenues to climb in May despite its export volumes slipping due to sanctions, the International Energy Agency said on Wednesday. The findings undersc...

TCB to procure essentials from business groups 

TCB to procure essentials from business groups 

-- 2022-06-15 18:58:20

The Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will procure 19.20 million litres of soyabean oil, 13,500 tonnes of lentils and 15,000 tonnes of sugar from different priva...

Conducive atmosphere sought to widen M&A transactions for corporates' faster growth

Conducive atmosphere sought to widen M&A transactions for corporates' faster growth

FE ONLINE REPORT 2022-06-15 18:49:20

Stakeholders and participants in a programme sought a conducive atmosphere to widen mergers and acquisition (M&A) transactions for faster growth of businesses.  They also emphasised the grea...

WTO makes final push for trade deals

WTO makes final push for trade deals

-- 2022-06-15 16:51:44

The World Trade Organization on Wednesday extended its negotiations by a day amid growing doubts they would find consensus on any change to global trade rules and India adamant it would not yield on f...

International Chamber of Commerce gets first woman Chair

International Chamber of Commerce gets first woman Chair

-- 2022-06-15 15:55:36

The 212th World Council of International Chamber of Commerce (ICC) has unanimously been elected first vice chair of ICC Maria Fernanda Garza as ICC Chair for a two years term from July 1, 2022 to June...

Maria Fernanda Garza becomes first woman Chair of ICC

Maria Fernanda Garza becomes first woman Chair of ICC

FE ONLINE DESK 2022-06-15 14:23:08

International Chamber of Commerce (ICC), a world business organisation, has elected First Vice Chair of ICC Maria Fernanda Garza as ICC Chair for two years term from 1 July 2022 to 30 June 2024....

'Padma Bridge to help boost trade with India'

'Padma Bridge to help boost trade with India'

FE REPORT 2022-06-15 14:08:02

Speakers at a programme on Tuesday said Padma Bridge will play an important role in enhancing cross-border trade with India and beyond. To tap the economic potential in the South Asian economic blo...

Regulator reverses dollar free float as taka tumbles

Regulator reverses dollar free float as taka tumbles

SIDDIQUE ISLAM 2022-06-15 10:34:49

Now the regulator intervenes to tame Bangladesh's volatile foreign-exchange market as the taka kept tumbling down in exchange with the US dollar lately put on a free float. Bankers said the central...

Elevator importers for 11pc duty

Elevator importers for 11pc duty

FE REPORT 2022-06-15 10:18:21

The Bangladesh Elevators, Escalators and Lift Importers Association (BEELIA) on Tuesday placed a charter of demands for keeping the 'capital machinery (CM)' status of the lifting machines. The propos...

Fuel oil price hike looms large

Fuel oil price hike looms large

FE REPORT 2022-06-15 08:53:51

The energy ministry was working on developing a suitable pricing formula for adjusting oil prices to a 'tolerable' level that would not affect the consumers and transport sector much, state minister...

Barcelona to sport UNHCR logo in place of UNICEF

Barcelona to sport UNHCR logo in place of UNICEF

-- 2022-06-14 19:52:59

Barcelona have signed a partnership deal with UNHCR, the United Nations Refugee Agency, whose logo will feature on the Spanish team's latest shirt in support of refugee children, the LaLiga club said...

Global advertising to grow by 8.4pc this year, predicts ad agency GroupM

Global advertising to grow by 8.4pc this year, predicts ad agency GroupM

-- 2022-06-14 18:08:53

The global advertising industry is expected to grow 8.4pc this year, despite ongoing geopolitical situations around the world and fears of a recession, a report on the sector said on Monday, reports R...

Bangladesh seeks IP facility’s continuation even after LDC graduation

Bangladesh seeks IP facility’s continuation even after LDC graduation

-- 2022-06-14 13:06:45

Bangladesh has sought the continuation of the existing intellectual property (IP) facility even after its graduation from the least developed countries (LDCs) list, BSS reports. “Considering th...

Over 0.5m workers get jobs abroad in five months

Over 0.5m workers get jobs abroad in five months

FE REPORT 2022-06-14 12:47:28

More than half a million workers found jobs abroad in the last five months of the current calendar year. Official data showed a total of 503,979 workers flew to different countries during the Janua...

RMG packaging makers seek cash incentive

RMG packaging makers seek cash incentive

FE REPORT 2022-06-14 11:00:47

The country's garment accessories and packaging makers and exporters urged the government to provide them with cash incentive and continue the existing 0.50 per cent source tax. Bangladesh Garments A...

Raw jute exporters push to reduce source tax to 0.25pc

Raw jute exporters push to reduce source tax to 0.25pc

FE REPORT 2022-06-14 10:29:35

Raw jute exporters have urged the government to reduce advance source tax to 0.25 per cent on their export earnings in the budget. Bangladesh Jute Association (BJA) made the demand through a statemen...

BPC profit plunges as Russia-Ukraine war sends fuel prices soaring globally

BPC profit plunges as Russia-Ukraine war sends fuel prices soaring globally

-- 2022-06-14 10:04:04

The Bangladesh Petroleum Corporation or BPC made a lot of profit over the past seven years, but the war between Russia and Ukraine is biting into its revenues, bdnews24.com reports. The BPC drew a pr...

RHD taking six years to build 1.85km road

RHD taking six years to build 1.85km road

FHM HUMAYAN KABIR 2022-06-14 09:56:33

The RHD has sought a revision of the 1.85km Bogura city-to-medical college connecting road project, with a proposal to increase the cost by 76 per cent to Tk 1.85 billion, insiders said on Monday....

Transporters scramble for routing vehicles thru PMB

Transporters scramble for routing vehicles thru PMB

MUNIMA SULTANA 2022-06-14 08:58:04

The Padma Multipurpose Bridge (PMB) will create a big demand for both passenger and easy goods transportation due to significantly saving travel time in river crossing and mileage cut-down by at lea...

Apple’s revenue from gaming, music likely to jump 36pc by 2025: JP Morgan

Apple’s revenue from gaming, music likely to jump 36pc by 2025: JP Morgan

-- 2022-06-13 21:41:08

Apple Inc's revenue from gaming and music offerings is expected to jump 36 per cent to $8.2 billion by 2025, JP Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscrip...

Bangladesh holds investment promotion event in Brunei

Bangladesh holds investment promotion event in Brunei

FE ONLINE REPORT 2022-06-13 19:17:56

Bangladesh High Commission in Brunei organised a programme to demonstrate the potential of Bangladesh’s economy for attracting investment. The event, titled ‘Bangladesh: A Potential and A...

Bangladesh seeks WTO steps to prevent sudden ban on food export

Bangladesh seeks WTO steps to prevent sudden ban on food export

-- 2022-06-13 18:39:26

Commerce Minister Tipu Munshi has urged the WTO to impose an embargo so the exporting countries can't abruptly stop export of food grains without prior notice to the importers. The minister placed Ba...

India tribunal rejects Amazon appeal against suspension of deal with Future

India tribunal rejects Amazon appeal against suspension of deal with Future

-- 2022-06-13 17:31:25

An Indian appeals tribunal on Monday rejected Amazon.com Inc's appeal against an antitrust suspension of its $200 million investment deal with Future Group, saying the US company concealed information...

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

-- 2022-06-13 13:03:36

It might look and smell like McDonald's but now it's Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia, Reuters reports. A new era...