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The Financial Express

Search results for: Trade

Three Chinese firms to invest in RMG, green energy and float glass

Three Chinese firms to invest in RMG, green energy and float glass

FE Report 2022-05-22 08:59:16

Three Chinese companies have made proposals to invest in apparel, float glass and green energy sectors by setting up factories in Bangladesh, officials said. The firms intending to establish factorie...

Loose flour hits Tk 50 a kg

Loose flour hits Tk 50 a kg

YASIR WARDAD 2022-05-22 08:50:44

Wheat flour continues to surge in the local market as coarse flour (ata) in loose form rose in price at Tk 50 per kilogram on Saturday. It was a hike by Tk 4.0 a kg in four days and Tk 10 a kg since...

Value addition to leather exports: Entrepreneurs want cut in limit to 20pc

Value addition to leather exports: Entrepreneurs want cut in limit to 20pc

REZAUL KARIM 2022-05-22 08:46:06

Entrepreneurs seek a cut in the limit of local value addition to leather products, as a condition for availing export incentives, to 20 per cent. Sources say the Leather Goods and Footwear Manufactur...

NBR nod to join maritime scheme

NBR nod to join maritime scheme

DOULOT AKTER MALA 2022-05-22 08:43:41

The revenue authority has given the go-ahead to join the critical maritime routes Indo-Pacific project CRIMARIO-II of the European Union (EU). The initiative will help ensure maritime security and dr...

Gold prices reach record high

Gold prices reach record high

FE ONLINE DESK 2022-05-21 21:48:57

Jewellers in Bangladesh have increased gold prices to a record high. As per new prices, the best quality of gold, 22 carat, will be sold at Tk 82,464 per bhori, up by around Tk 4,199 from the price s...

Nissan launches new SUV 'Magnite' in Bangladesh

Nissan launches new SUV 'Magnite' in Bangladesh

-- 2022-05-21 20:27:52

Nissan, a Japanese multinational automobile manufacturer, on Saturday launched a new 'Nissan Magnite' in Bangladesh. The award-winning B-SUV offers a smooth, confident driving experience, with a dist...

First direct container ship with goods leaves Chattogram for Liverpool

First direct container ship with goods leaves Chattogram for Liverpool

-- 2022-05-21 19:17:23

A ship left Chattogram port on Friday for Liverpool, a maritime city in northwest England, with 182 twenty-foot equivalent units (TEU) of containers, for the first time. The ship, known as MV Amo, wi...

Pulse prices increase; some of its varieties vanish from market

Pulse prices increase; some of its varieties vanish from market

-- 2022-05-21 18:53:40

Pulse prices are on the rise and some varieties have vanished from the shelves in some areas as the US dollar soaring against the taka amid the Ukraine-Russia war has hurt imports. The prices of flou...

Some western companies reborn in Russia under new names

Some western companies reborn in Russia under new names

-- 2022-05-21 18:38:37

McDonald's Corp is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided - the most high-profile rebranding so far of...

Bangladesh wants fair prices for its products in European market

Bangladesh wants fair prices for its products in European market

-- 2022-05-21 17:40:49

Bangladesh has reiterated the need for ensuring fair prices for its products in the European market, especially in view of the investment being made in "safer and greener" factories. Bangladesh and t...

FBCCI objects to plans to hike power prices, seeks roadmap

FBCCI objects to plans to hike power prices, seeks roadmap

-- 2022-05-21 16:22:29

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has objected to energy regulators' plans to hike power prices. The premier association of businesses also sought guidance from...

Tesla brand threatened by Musk harassment claim

Tesla brand threatened by Musk harassment claim

-- 2022-05-21 11:02:53

Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire's latest comments on politics and a claim of sexual harassment against him that he said is untrue may hurt th...

Govt to launch app, web on pilot basis to manage e-commerce clients' complaints

Govt to launch app, web on pilot basis to manage e-commerce clients' complaints

Ismail Hossain 2022-05-21 08:42:48

The government is going to launch an app and a website on a pilot basis to manage complaints of customers against various e-commerce platforms, according to the authority concerned. The digital syste...

Foreign investment in sugar mills: Large loans, sovereign guarantee big barriers

Foreign investment in sugar mills: Large loans, sovereign guarantee big barriers

SYFUL ISLAM 2022-05-21 08:30:44

Planned foreign investment in Bangladesh's state-owned sugar mills to run under joint management hits twin barriers, officials say, while the sweetener's price climbs unreachable highs. Long-outstand...

July-April pharma export soars 27pc

July-April pharma export soars 27pc

Saif Uddin 2022-05-21 08:27:23

The country's export earning from pharmaceutical sector has marked a significant rise in the recent years following its growing capacity and access to new destinations. Local pharmaceutical companies...

New Development Bank to set up regional office for India, Bangladesh

New Development Bank to set up regional office for India, Bangladesh

-- 2022-05-20 18:11:17

New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that c...

Poultry sector seeks tax waiver on raw materials import

Poultry sector seeks tax waiver on raw materials import

FE REPORT 2022-05-20 10:19:11

Country's poultry sector has sought tax exemption on import of raw materials to continue supplying meat and eggs in the local market at reasonable prices. They claimed that the prices of raw material...

McDonald's to sell Russia restaurants to local operator, rebrand

McDonald's to sell Russia restaurants to local operator, rebrand

-- 2022-05-20 10:11:47

McDonald's Corp is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country...

Canada plans to ban Huawei/ZTE 5G equipment

Canada plans to ban Huawei/ZTE 5G equipment

-- 2022-05-20 10:03:07

Canada on Thursday said it plans to ban the use of China's Huawei Technologies Co Ltd and ZTE Corp 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharin...

Dhaka-Mawa-Pachchor Expressway: Toll rates to be revised

Dhaka-Mawa-Pachchor Expressway: Toll rates to be revised

MUNIMA SULTANA 2022-05-20 09:50:50

The proposed toll rates for the country's first expressway are expected to be revised to introduce on the 55-kilometre road on both sides of the Padma Bridge after its inauguration. Sources said th...

Power, gas consumption to come under scanners

Power, gas consumption to come under scanners

DOULOT AKTER MALA 2022-05-20 09:08:08

Electricity and gas consumption of residents will be scrutinised to assess their actual payable taxes with an eye to finding tax evaders, tax officials say. The National Board of Revenue (NBR) has...

BB bailout for banks amid dollar crunch

BB bailout for banks amid dollar crunch

SIDDIQUE ISLAM 2022-05-20 08:54:00

The central bank ramps up foreign-currency liquidity support to the scheduled banks trying to manage Bangladesh's volatile forex market amid a global financial crunch, officials say. As part of the...

Private forex borrowers struggling

Private forex borrowers struggling

JASIM UDDIN HAROON 2022-05-20 08:40:38

Private entrepreneurs who borrowed dollar from the international market on grounds of cheaper rates of interest are now struggling to service the debts as the greenback has abruptly become expensive...

City Bank announces first quarter results for 2022

City Bank announces first quarter results for 2022

FE ONLINE DESK 2022-05-19 19:21:04

City Bank, one of the leading financial institutions in the country, disclosed its first-quarter earnings for 2022 in a programme on Thursday. Current and potential investors across the globe, resea...

Wagely signs MoU with EBL

Wagely signs MoU with EBL

FE ONLINE DESK 2022-05-19 16:36:59

Wagely, Asia’s one of the fastest-growing financial wellness platforms, has inked a memorandum of understanding (MOU) with Eastern Bank Limited (EBL) at the bank’s head office in Dhaka....

'Governance key challenge for NBFIs '

'Governance key challenge for NBFIs '

FE REPORT 2022-05-19 14:14:12

A serious lack of governance is the key challenge of non-banking financial institutions (NBFIs) in the country, speakers said at a programme on Wednesday, urging authorities concerned to bring the rul...

Post-Covid income of RMG workers hits rockbottom

Post-Covid income of RMG workers hits rockbottom

FE ONLINE REPORT 2022-05-19 14:05:25

Garment workers income during the first three months of 2022 increased mainly due to excessive workloads and overtime, according to a latest survey findings. The additional income, however, failed to...

Bangla app to develop soft skills launched

Bangla app to develop soft skills launched

-- 2022-05-19 10:43:24

Uttoron, a skill development project funded by Chevron and implemented by Swisscontact, has launched its first android-based Bangla app to develop soft skills of youths engaged in formal job market,...

Arial Beel back in spotlight as cabinet body discusses setting up of int'l airport

Arial Beel back in spotlight as cabinet body discusses setting up of int'l airport

FE REPORT 2022-05-19 10:21:48

Arial Beel in Munshiganj has come under spotlight again as the cabinet committee on government purchase on Wednesday discussed selection of the site for setting up an international airport there. H...

Commodity market: Tipu rules out possibility of supply crunch

Commodity market: Tipu rules out possibility of supply crunch

FE REPORT 2022-05-19 09:23:26

Commerce Minister Tipu Munshi has ruled out the possibility of any supply crunch of edible oils, wheat and onion in the local market because of adequate supply of these commodities. "Soybean oil pr...