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The Financial Express

Search results for: Trade

US, Taiwan to launch trade talks after Biden excludes island from Indo-Pacific group

US, Taiwan to launch trade talks after Biden excludes island from Indo-Pacific group

-- 2022-06-01 19:27:43

The United States will launch new trade talks with Taiwan, US officials said on Wednesday, just days after President Joe Biden launched an economic plan for Asia intended to push back on China that ex...

Bangladesh formulates charcoal policy

Bangladesh formulates charcoal policy

-- 2022-06-01 19:05:04

The government has formulated the 'Charcoal Policy, 2022' to make the export-oriented charcoal industry an environment-friendly, sustainable and international standard one. Considering the national i...

Russia may re-route oil exports to minimise losses from EU sanctions

Russia may re-route oil exports to minimise losses from EU sanctions

-- 2022-06-01 18:17:26

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses. EU leaders this...

AB Bank gets two new DMDs

AB Bank gets two new DMDs

FE ONLINE DESK 2022-06-01 13:35:14

Mr Syed Mizanur Rahman and Mr KM Mohiuddin Ahmed have recently been promoted as the Deputy Managing Directors of AB Bank Limited, says a press release received on Wednesday. Mr Syed Mizanur Rahman ha...

Singapore's de-facto national dish in the crossfire as Malaysia bans chicken exports

Singapore's de-facto national dish in the crossfire as Malaysia bans chicken exports

-- 2022-06-01 11:37:45

Singapore is bracing for a shortage of its de-facto national dish, chicken rice, as major supplier Malaysia halts all chicken exports from Wednesday. Restaurants and street stalls in the city-state a...

Bay Terminal design: CPA signs deal with Korean companies

Bay Terminal design: CPA signs deal with Korean companies

Nazimuddin Shyamol 2022-06-01 10:17:31

CHATTOGRAM: Chittagong Port Authority (CPA) has signed an agreement with two Korean companies for the final architectural and navigational design of the Bay Terminal Construction Project at Chittago...

Replicate RMG model in leather sector, cut chemical import tax, experts say at webinar

Replicate RMG model in leather sector, cut chemical import tax, experts say at webinar

FE REPORT 2022-06-01 10:12:21

Speakers at a programme on Tuesday suggested replicating RMG model in the country's leather sector, decreasing import tax on its required chemicals, and providing long-term policy support to develop...

CITF kicks off in port city

CITF kicks off in port city

OUR CORRESPONDENT 2022-06-01 09:59:56

CHATTOGRAM: The month-long Chittagong International Trade Fair (CITF) 2022 kicked off in the port city's Railway Polo ground on Tuesday. Commerce minister Tipu Munshi inaugurated the 29th edition of...

Bangladesh static at 93 in Global Startup Ecosystem Index

Bangladesh static at 93 in Global Startup Ecosystem Index

SAIF UDDIN 2022-06-01 09:23:50

Bangladesh's position in the latest edition of the Global Startup Ecosystem Index remains static at 93 among one hundred countries, according to a global report. However, the country's capital city ,...

Govt allows two more hours of overtime for RMG workers

Govt allows two more hours of overtime for RMG workers

MONIRA MUNNI 2022-06-01 09:07:07

The government has allowed two more hours of overtime for the country's export-oriented ready-made garment (RMG)-sector workers for six months amid huge work orders, sources said. According to the la...

FBCCI pushes for loan moratorium until Dec

FBCCI pushes for loan moratorium until Dec

FE REPORT 2022-06-01 08:59:21

Bangladesh's businesses seek loan-repayment moratorium till December because of "volatile" business ambience globally amid the war in Europe and resultant standoff in the West. The country's apex tra...

Rice prices head for high levels of 2017, grocers fear

Rice prices head for high levels of 2017, grocers fear

YASIR WARDAD 2022-06-01 08:51:32

Rice became even more costly on Tuesday, when the government started its drive against hoarding of the staple. The price of coarse rice increased further by Tk 2.0-4.0 a kg in the city markets to hit...

FBCCI seeks loan moratorium till December, increased remittance incentives

FBCCI seeks loan moratorium till December, increased remittance incentives

-- 2022-05-31 21:19:15

The Federation of Bangladesh Chamber of Commerce (FBCCI) has sought a special loan moratorium facility till December this year due to the global economic downfall for the Covid-19 pandemic and the Rus...

Bangladesh will not buy Russian crude oil, says Nasrul Hamid

Bangladesh will not buy Russian crude oil, says Nasrul Hamid

-- 2022-05-31 20:21:59

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has ruled out the possibility of purchasing crude oil from Russia. The government will not buy crude oil from Russia as the fuel&rs...

Global oil prices climb above $121 a barrel, hit two-month high

Global oil prices climb above $121 a barrel, hit two-month high

-- 2022-05-31 18:24:52

Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agre...

Garment worker Parvin gets Tk 2.0m after buying Walton fridge

Garment worker Parvin gets Tk 2.0m after buying Walton fridge

FE ONLINE DESK 2022-05-31 17:28:42

A garment worker, Parvin Akhter, of Gazipur has got Tk 2.0 million as cashback on the purchase of Walton brand refrigerator under the prevailing customer benefits, offered by the company in its nation...

MoU signed between Alamgir Ranch and Monarch Mart

MoU signed between Alamgir Ranch and Monarch Mart

FE ONLINE DESK 2022-05-31 15:47:20

As part of the sustainable business and its continued expansion, Alamgir Ranch Limited has recently signed a memorandum of understanding (MoU) with Monarch Mart. Mrs. Sultana Jahan, CIP, Director of...

China vows new financial tools to support drive to carbon neutrality

China vows new financial tools to support drive to carbon neutrality

-- 2022-05-31 14:18:07

China's government said it will expand its range of financial tools and make greater use of fiscal and taxation policies to support the shift towards carbon neutrality, Reuters reports. China aims to...

First cargo ship leaves Mariupol since Russia took the city

First cargo ship leaves Mariupol since Russia took the city

-- 2022-05-31 13:38:43

A ship has left the Ukrainian port of Mariupol for the first time since Russia took the city and is headed east to Russia with a load of metal, the Russian-backed separatist leader of the Ukrainian br...

Israel, UAE sign free trade deal

Israel, UAE sign free trade deal

-- 2022-05-31 12:41:15

Israel and the United Arab Emirates signed a free trade agreement on Tuesday in Dubai, Israel's ambassador to the UAE, Amir Hayek, said on Twitter, in a move aimed at boosting trade between the two co...

BD, Portugal move to establish direct shipping links

BD, Portugal move to establish direct shipping links

-- 2022-05-31 09:19:26

Bangladesh and Portugal are working to connect the two countries through direct shipping links to create new prospects for fast, cost-effective and reliable shipping for the Bangladeshi exporters wh...

Focus on utilising Dutch tech, innovation in country

Focus on utilising Dutch tech, innovation in country

FE REPORT 2022-05-31 08:54:04

The day-long Bangladesh-Netherlands Agribusiness Conference 2022 was held in the Hague, the Netherlands on Sunday to increase innovation and cooperation, especially in agro-processing sector. The con...

BD plans to import 18 LNG cargoes from spot mkt

BD plans to import 18 LNG cargoes from spot mkt

M AZIZUR RAHMAN 2022-05-31 08:24:47

Bangladesh has planned to import a total of 18 liquefied natural gas (LNG) cargoes from the spot market during the July-December period - 50 per cent higher than the January-June import. State-run Pe...

India seeks shipment status against LCs already opened

India seeks shipment status against LCs already opened

FE REPORT 2022-05-31 08:21:19

India seeks to know the latest status of shipments against the letters of credit (LCs) already opened by Bangladesh for importing wheat so that they could deliver the grain leapfrogging a ban, officia...

Insurance premiums doubling for some aviation, marine businesses

Insurance premiums doubling for some aviation, marine businesses

-- 2022-05-30 22:36:01

Insurance premiums are doubling or more for some aviation and marine businesses particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say. Glob...

Chattogram International Trade Fair to begin Tuesday

Chattogram International Trade Fair to begin Tuesday

-- 2022-05-30 19:26:18

The 29th Chattogram International Trade Fair (CITF)-2022 will begin on Tuesday after a two-year gap due to the Coronavirus pandemic. Commerce Minister Tipu Munshi is scheduled to inaugurate the fair,...

5G rollout in Bangladesh step by step, minister says

5G rollout in Bangladesh step by step, minister says

FE REPORT 2022-05-30 14:13:19

Minister of Posts and Telecommunications Mustafa Jabbar Sunday said 5G network will be introduced in Bangladesh phase by phase and places when required rather than blanket activation of the fifth ge...

Switch to non-cotton apparel ahead

Switch to non-cotton apparel ahead

FE REPORT 2022-05-30 14:10:09

A donor-aided study is being launched on Bangladesh's switch to non-cotton textiles and apparel from costly cotton-made exports, as a deal was signed Sunday to this end. Bangladesh Garment Manufact...

BB asks banks to encash export proceeds within next working day

BB asks banks to encash export proceeds within next working day

FE ONLINE REPORT 2022-05-30 13:49:58

The central bank has asked all authorized dealer banks to encash the value-added portion of export proceeds within the following working day. The banks have also been instructed to encash the value-a...

Indonesia could issue palm oil export permits today

Indonesia could issue palm oil export permits today

-- 2022-05-30 13:14:14

Indonesia's trade ministry has received a number of palm oil export permit requests that could be granted within the day, senior ministry official Veri Anggriono said on Monday. Indonesia, the world'...