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The Financial Express

Search results for: Trade

TCB's sale of essential items through family card begins next month

TCB's sale of essential items through family card begins next month

FE ONLINE REPORT 2022-05-16 11:04:03

The government has decided to launch countrywide truck sales of key essential items through family cards in June 2022 to keep the prices within people's purchasing power, according to a statement. Ho...

High-speed patrol boat for CPA reaches Ctg port

High-speed patrol boat for CPA reaches Ctg port

Nazimuddin Shyamol 2022-05-16 10:01:23

CHATTOGRAM: The Chittagong Port Authority (CPA) is procuring new equipment to modernise and increase the capacity of the Chittagong seaport. CPA procured a modern high-speed patrol boat from Italy wh...

Ensure quality of electronic products to tap global market, FBCCI tells manufacturers

Ensure quality of electronic products to tap global market, FBCCI tells manufacturers

FE REPORT 2022-05-16 09:59:48

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the businessmen to ensure the quality of domestic products in order to utilise the potential of global market for ele...

Egg hits Tk 11 a piece

Egg hits Tk 11 a piece

YASIR WARDAD 2022-05-16 09:47:01

Price of farm egg, a key protein source for commoners, shot up as high as Tk130 a dozen and accordingly each egg was selling at a record high of Tk11 from Sunday, augmenting woes of the limited-inco...

Central bank blocks user IDs of 25 exporters

Central bank blocks user IDs of 25 exporters

FE REPORT 2022-05-16 09:32:04

The central bank has temporarily blocked the user identification (ID) of 25 exporters for their failure to report shipment-related information in time, sources said. The exporters failed to post the...

Bonded warehouse: Automation may get legal cover in Finance Act-2022

Bonded warehouse: Automation may get legal cover in Finance Act-2022

DOULOT AKTER MALA 2022-05-16 09:27:30

The government is likely to incorporate a new provision in the upcoming Finance Act-2022 to facilitate operations of the bonded warehouse electronically, officials said. To bring discipline in the...

Patenga Container Terminal operation: Top RMG buyers lobby for contracting Maersk

Patenga Container Terminal operation: Top RMG buyers lobby for contracting Maersk

SYFUL ISLAM 2022-05-16 09:24:57

Big-name global apparel buyers are lobbying for awarding the operation contract of the newly built Patenga Container Terminal to Denmark-headquartered logistic service-provider AP Møller-Maer...

India would withdraw private-level ban on wheat export, says Bangladesh food minister

India would withdraw private-level ban on wheat export, says Bangladesh food minister

-- 2022-05-15 20:16:54

Food Minister Sadhan Chandra Majumder has said India would withdraw the ban on wheat exports at the non-government level after 15 days or one month as it must sell its already-produced wheat. The min...

Saudi oil giant Aramco’s profits soar more than 80pc in first quarter

Saudi oil giant Aramco’s profits soar more than 80pc in first quarter

-- 2022-05-15 16:45:00

Oil giant Saudi Aramco said its profits soared more than 80 per cent in the first three months of the year as the state-backed company cashes in on the volatility in global energy markets and soaring...

IDCOL celebrates silver jubilee

IDCOL celebrates silver jubilee

-- 2022-05-15 10:03:10

Infrastructure Development Company Limited (IDCOL), a state-owned financial institution, celebrated its silver jubilee with a programme at a city hotel on Friday, says a press release. Speaking on...

BGMEA eyes 10pc of global mkt share for RMG by 2025

BGMEA eyes 10pc of global mkt share for RMG by 2025

FE REPORT 2022-05-15 10:00:41

The global market share of locally made readymade garments could reach 10 per cent by 2025 if steps are taken to increase competitiveness, reduce lead time and attract investment in backward-linkage...

Khulna-Mongla link: Local companies to install rail signal

Khulna-Mongla link: Local companies to install rail signal

MUNIMA SULTANA 2022-05-15 08:51:45

The Bangladesh Railway (BR) will find local companies to work on the signalling system of the Khulna-Mongla rail link project being implemented under the Indian line of credit (LoC). It now turns to...

China to devise Highway Network Plan

China to devise Highway Network Plan

MIR MOSTAFIZUR RAHAMAN 2022-05-15 08:38:36

China has formally agreed to implement a project on planning Bangladesh's highway network with new looks and sent in the draft agreement for approval, sources in Dhaka said. The Bangladesh Highway Ne...

Flour prices may go up in local market

Flour prices may go up in local market

Yasir Wardad 2022-05-15 08:32:28

The ban on wheat export from India is likely to make flour pricier in the local market than the existing levels unless the essential commodity can be imported under India's 'neighbouring country prefe...

World Fashion Convention to be held in Dhaka in November

World Fashion Convention to be held in Dhaka in November

-- 2022-05-14 20:29:06

37th IAF World Fashion Convention will be held in Dhaka in November this year. The International Apparel Federation (IAF) will host the Convention in collaboration with the Bangladesh Garment Manufac...

Edible oil market: ‘Instability’ persists in parts of supply chain

Edible oil market: ‘Instability’ persists in parts of supply chain

-- 2022-05-14 19:11:20

Traders are watching the market cautiously with “instability” persistent in parts of the supply chain after a price hike amid a shortage. Consumers are also guarded, leading to a fall in...

India’s ban on wheat export not to affect Bangladesh, says secretary

India’s ban on wheat export not to affect Bangladesh, says secretary

-- 2022-05-14 18:56:39

India’s ban on the export of wheat will not affect Bangladesh’s contract for 300,000 metric tonnes (MT) of wheat for import. Secretary to the Food Ministry Mosammat Nazmunara Khanum said...

Dubious dotcoms 9,689 clients get Tk 1.0b refund so far

Dubious dotcoms 9,689 clients get Tk 1.0b refund so far

FE REPORT 2022-05-14 10:32:19

Thirteen crisis-ridden e-commerce companies have refunded an estimated Tk 1.0 billion to 9,689 affected customers to date, according to the commerce ministry. The amount has been reimbursed through...

Chittagong Port Authority yet to get total land needed for Bay Terminal

Chittagong Port Authority yet to get total land needed for Bay Terminal

NAZIMUDDIN SHYAMOL 2022-05-14 10:02:00

CHATTOGRAM: The Chittagong Port Authority (CPA) is yet to get the total amount of land it needs to construct Bay Terminal, which, once constructed will increase significantly Chittagong Port's contain...

Largest urea plant project gets impetus

Largest urea plant project gets impetus

JUBAIR HASAN 2022-05-14 09:42:40

The development activities for building the country's largest urea fertiliser plant in Narsingdi finally got momentum after the Covid-19 pandemic. The under-construction Ghorashal Palash Urea Ferti...

Irregularities, delay affect govt child home project

Irregularities, delay affect govt child home project

FHM HUMAYAN KABIR 2022-05-14 09:39:58

The Department of Social Services (DSS) has kept aside Tk 48,600 as monthly salary for an office helper (peon) at its child home project, insiders said. Besides, it has proposed Tk 35,760 salary pe...

Transition to cashless economy accelerates on e-transaction boom

Transition to cashless economy accelerates on e-transaction boom

JASIM UDDIN HAROON 2022-05-14 09:03:33

Transition to cashless economy in Bangladesh continues to gather pace after the pandemic induced a massive shift to digital shopping and payments, experts say. However, they see this most modern mo...

EU presses Bangladesh on labour issues

EU presses Bangladesh on labour issues

SYFUL ISLAM 2022-05-14 08:43:09

Fulfilling the commitments on labour-rights issues under the National Action Plan on Labour Sector is urgent for Bangladesh to access the GSP Plus trade facility, the European Commission reminds. M...

Bitcoin set for record losing streak after 'stablecoin' collapse

Bitcoin set for record losing streak after 'stablecoin' collapse

-- 2022-05-13 20:01:04

Cryptocurrencies nursed large losses on Friday, with bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cry...

$44-billion Twitter deal temporarily on hold, says Musk

$44-billion Twitter deal temporarily on hold, says Musk

-- 2022-05-13 16:38:18

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts, news agency Reuters reported. "Twitter deal temporarily on...

Liquid milk, eggs, onion get costlier

Liquid milk, eggs, onion get costlier

YASIR WARDAD 2022-05-13 13:59:58

Prices of milk, eggs and onion increased notably at the end of this week, adding sufferings to the consumers who are already battered with the rocketing trend of edible oil and other essentials. Few...

Govt entities should coordinate for OSH, experts tell CPD-ILO event in city

Govt entities should coordinate for OSH, experts tell CPD-ILO event in city

-- 2022-05-13 09:32:29

Effective coordination among multiple agencies that share responsibilities for occupational safety and health (OSH) in industries is a must to avoid overlapping, negative impacts caused by different...

Edible oil hoarding: Tougher govt steps from next week

Edible oil hoarding: Tougher govt steps from next week

FE REPORT 2022-05-13 09:23:30

The government will launch a tougher crackdown against illegal hoarders of edible oil from next week to help restore stability in the cooking oil market that has been volatile for the last three weeks...

Bangladesh to expand LNG sourcing amid energy dearth

Bangladesh to expand LNG sourcing amid energy dearth

M AZIZUR RAHMAN 2022-05-13 08:53:19

Bangladesh opts to expand LNG sourcing amid a global dearth and already invited newer suppliers to buy the fuel at competitive prices, sources say. The government has invited global liquefied natural...

Growing export-import creating demands for more containers, says BGMEA

Growing export-import creating demands for more containers, says BGMEA

-- 2022-05-12 21:06:57

Bangladesh garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said the volume of Bangladesh's export-import is increasing, creating demand for more containers to make...