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The Financial Express

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New line to connect Matarbari port with national rail network

New line to connect Matarbari port with national rail network

NAZIMUDDIN SHYAMOL 2022-06-04 11:25:50

CHATTOGRAM: The Matarbari deep-sea port will be connected by a train link with the port city and Dhaka as a new railway track will be set up leading to the Chattogram-Gumdum-Cox's Bazar dual gauge dou...

School broadband: ISPs demand inclusive tender

School broadband: ISPs demand inclusive tender

ISMAIL HOSSAIN 2022-06-04 10:44:17

Internet service providers (ISPs) seek a reviewed tender call dividing Bangladesh into several blocks to let all ISPs join the process of connecting broadband to 41,000 primary schools. "There must b...

Leaving of vessels within 48 hours: BGMEA urges CPA to relax decree

Leaving of vessels within 48 hours: BGMEA urges CPA to relax decree

FE REPORT 2022-06-04 09:12:07

The country's clothing exporters have voiced their concern over the Chittagong Port Authority's (CPA) latest order regarding the mandatory departure of vessels within 48 hours of berthing. The Bangla...

Exporters' tips on crisis management: Zero-duty apparel raw materials, trade deals among measures

Exporters' tips on crisis management: Zero-duty apparel raw materials, trade deals among measures

REZAUL KARIM 2022-06-04 09:04:46

An apparel-sector body has submitted to the government a crisis-management package proposal including zero-duty raw materials and trade deal with potential markets for boosting knit-garment exports in...

Nat'l Tea Day today: Panchagarh tea auction centre soon

Nat'l Tea Day today: Panchagarh tea auction centre soon

SAIF UDDIN 2022-06-04 08:41:21

The Bangladesh Tea Board (BTB) prepares to launch the country's third tea-auction centre in Panchagarh soon with an eye to facilitating trade of home-grown tea, officials say. Once it comes on line,...

No letup in price rise of staples, derivatives

No letup in price rise of staples, derivatives

YASIR WARDAD 2022-06-04 08:33:39

Prices of rice and wheat flour and food products made from the two staples continue to be pricier in retailing despite drives against price fixing, worsening consumer woes. Market surveys say traders...

US-BD economic consultation: IPEF, trade issues dominate talks

US-BD economic consultation: IPEF, trade issues dominate talks

FE REPORT 2022-06-04 08:30:22

The United States briefed Bangladesh on the Indo-Pacific Economic Framework (IPEF) and Dhaka welcomed additional information on supply-chain resilience and decarbonisation pillars of the bloc in the m...

Burger King caught in complex legal web, thwarting Russia exit

Burger King caught in complex legal web, thwarting Russia exit

-- 2022-06-03 14:54:39

For at least a decade, Burger King's formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But now the fast-food...

BD pledges to improve labour rights in EPZ

BD pledges to improve labour rights in EPZ

FE ONLINE REPORT 2022-06-03 14:51:29

Bangladesh expressed a commitment to address issues related to improving workers’ rights to freedom of association and collective bargaining in export processing zones (EPZs) and gradually in ot...

Musk says Tesla needs to cut staff by 10pc, pauses all hiring

Musk says Tesla needs to cut staff by 10pc, pauses all hiring

-- 2022-06-03 13:45:44

Tesla chief executive Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10 per cent, according to an internal email seen by Reu...

US-Taiwan trade talks could outpace Indo-Pacific effort, USTR official says

US-Taiwan trade talks could outpace Indo-Pacific effort, USTR official says

REUTERS 2022-06-03 09:54:32

New US trade negotiations with Taiwan could move more quickly than broader talks with 12 Indo-Pacific countries given strong interest in Taipei and Washington in deepening economic ties, Deputy US Tra...

Trucks laden with 0.4m tonnes of wheat stuck at BD borders

Trucks laden with 0.4m tonnes of wheat stuck at BD borders

FE REPORT 2022-06-03 09:39:52

Hundreds of wheat-laden trucks, destined for Bangladesh, have been waiting in queues at two land ports in the Indian part of the border for customs clearance, according to a report published on Thur...

LPG price lowered 6.96pc

LPG price lowered 6.96pc

FE REPORT 2022-06-03 08:44:58

Bangladesh lowered the retail prices of liquefied petroleum gas (LPG) provided by private operator by 6.96 per cent for June trading, in a downward adjustment of the previously hiked rates. The price...

May export marks 23.24pc growth, reaches $3.83b

May export marks 23.24pc growth, reaches $3.83b

FE REPORT 2022-06-03 08:43:15

The country's single-month export recorded a slow growth with US$3.83 billion earnings in May, the lowest since September last, which exporters attributed to a sluggish global demand. Bangladesh witn...

Refiners seek Tk 24 hike for a litre of soybean oil

Refiners seek Tk 24 hike for a litre of soybean oil

FE REPORT 2022-06-03 08:35:36

As if to deepen the plight of consumers already reeling from unabated hike in prices of most essentials, the edible oil millers submitted a fresh proposal to the commerce ministry on Thursday, seeking...

Bangladesh orders banks to launch digital microcredit services

Bangladesh orders banks to launch digital microcredit services

-- 2022-06-02 22:07:06

The Bangladesh Bank has formed a Tk 1.0 billion refinancing fund for the banks to lend customers between Tk 500 and Tk 50,000 under a digital microcredit scheme. The interest rate for the customers w...

BSEC to set up steel factory for checking rod prices

BSEC to set up steel factory for checking rod prices

-- 2022-06-02 21:40:19

Bangladesh Steel and Engineering Corporation (BSEC) has taken the initiative to set up a modern and combined steel mill with the latest technology to make the rod prices stable. It was disclosed at t...

FBCCI urges traders not to hike price of rice ahead of Eid

FBCCI urges traders not to hike price of rice ahead of Eid

-- 2022-06-02 19:03:55

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon the traders not to increase the price of rice. The apex trade body urged this at an exchange meeting on import s...

Milk Vita hikes prices of dairy products

Milk Vita hikes prices of dairy products

-- 2022-06-02 18:37:03

The Bangladesh Milk Producers' Cooperative Union Limited, the country’s top milk producer and distributor, has again hiked the prices of its dairy product brand Milk Vita by about 15 per cent....

Nagad wins ‘Excellence in Innovation’ title in 2022 Asia-Pacific Stevie Awards

Nagad wins ‘Excellence in Innovation’ title in 2022 Asia-Pacific Stevie Awards

-- 2022-06-02 17:16:19

Nagad was named the Gold winner in the ninth edition of the Asia-Pacific Stevie Award under the category of ‘Excellence in Innovation in Financial Industries category’ recently, according...

Commerce minister says price of cooking oil will ease

Commerce minister says price of cooking oil will ease

-- 2022-06-02 15:08:30

The falling price of cooking oil on the world market suggests prices at home may ease soon, says Commerce Minister Tipu Munshi, bdnews24.com reports. A decision on the matter may come next week after...

Cotton rally squeezes Asian garment makers, threatens recovery from COVID

Cotton rally squeezes Asian garment makers, threatens recovery from COVID

-- 2022-06-02 12:26:36

A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluct...

Push for ethical pricing of RMG items

Push for ethical pricing of RMG items

FE REPORT 2022-06-02 09:24:50

Leaders of the country's apparel sector urged the International Labour Organisation (ILO) to place the issue of ethical pricing of garment items in different global forums to ensure a sustainable in...

Govt finalises charcoal policy

Govt finalises charcoal policy

FE REPORT 2022-06-02 09:19:30

The government has finalised the Charcoal Policy 2022 to help flourish a sustainable and international-standard charcoal industry in the country and grab export potentials of the non-traditional item....

Local producers may get tax benefits, VAT waivers

Local producers may get tax benefits, VAT waivers

DOULOT AKTER MALA 2022-06-02 08:58:48

The government is likely to consider providing tax benefits to local manufacturers of ICT products in the upcoming budget for fiscal year (FY) 2022-23, while imposing high taxes on import of finished...

Minister sees biggies’ role

Minister sees biggies’ role

FE REPORT 2022-06-02 08:52:45

Food Minister Sadhan Chandra Majumder on Wednesday held some big business groups and traders responsible for hoarding rice and hiking prices of the staple, warning them of tough actions for the sake o...

Commerce minister sees no scope to reduce prices of essentials right now

Commerce minister sees no scope to reduce prices of essentials right now

-- 2022-06-01 20:12:19

Commerce Minister Tipu Munshi has said instability in the world market has caused price rise of daily essential commodities in the country as elsewhere in the world. "Until the Ukraine-Russia war end...

BGMEA urges ILO to root for ethical prices of garment items in global forums

BGMEA urges ILO to root for ethical prices of garment items in global forums

FE ONLINE REPORT 2022-06-01 20:01:11

Leaders of the country’s apparel sector urged the International Labour Organization (ILO) to press for ethical prices of garment items in different global forums for a sustainable industry. The...

Pakistan increases cooking oil prices to Rs 605 per litre

Pakistan increases cooking oil prices to Rs 605 per litre

-- 2022-06-01 20:01:06

The government of Pakistan has pushed up cooking oil prices by Rs213 to an all-time high of Rs 605 per litre. Pakistan’s Utility Stores Corporation (USC) said the new price has become effective...

Non-brand bakery products prices soar by 20pc

Non-brand bakery products prices soar by 20pc

-- 2022-06-01 19:35:36

The prices of non-brand bakery products have been increased by 20 per cent amid hike in prices of flour, oil, butter, and other ingredients used for baking. Mohammad Jalal Uddin, President of Banglad...