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The Financial Express

Search results for: Trade

DCCI seeks Philippines’ investment in healthcare, tourism sectors

DCCI seeks Philippines’ investment in healthcare, tourism sectors

-- 2022-05-12 18:32:48

Dhaka Chamber of Commerce & Industry (DCCI) has urged the Philippines to invest in Bangladesh's hospitality, healthcare and tourism sectors. DCCI leaders said that the Philippines made incredible...

Apple loses position as most valuable firm amid tech sell-off

Apple loses position as most valuable firm amid tech sell-off

-- 2022-05-12 11:11:51

Apple has lost its position as the world's most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPho...

TCB sales drive starts May 16

TCB sales drive starts May 16

FE REPORT 2022-05-12 08:37:31

The government is set to launch a countrywide truck sale of key essential items on May 16 to keep prices within people's purchasing power, officials say. The state-owned Trading Corporation of Bangla...

Fisheries ministry seeks 25pc cash incentive on chilled fish export

Fisheries ministry seeks 25pc cash incentive on chilled fish export

FE REPORT 2022-05-12 08:33:03

The Ministry of Fisheries and Livestock has requested the commerce ministry to take necessary steps to provide a 25-per cent cash incentive on the export of chilled fish, officials said. In January l...

BBA board members for going slow with the plan

BBA board members for going slow with the plan

MUNIMA SULTANA 2022-05-12 08:30:56

The board members of Bangladesh Bridge Authority (BBA) have proposed to go slow with the plan to develop a subway network in Dhaka city, aiming to relieve the commuters of construction-related hazards...

Chiefs of three bodies barred from board of subsidiary

Chiefs of three bodies barred from board of subsidiary

FE REPORT 2022-05-12 08:19:08

Chairmen of three top policy-making committees of any bank will not be able to hold any post of its subsidiary company or foundation. The central bank of Bangladesh imposed the restriction in a circu...

Corporates hesitant to confide docs to CAs

Corporates hesitant to confide docs to CAs

DOULOT AKTER MALA 2022-05-12 08:11:48

Corporate taxpayers appear hesitant about providing necessary financial documents to the chartered accountants for verification, slowing tax-return submission and causing evasion by many. All of th...

Canada wants to popularise canola oil, alternative to soybean, in Bangladesh

Canada wants to popularise canola oil, alternative to soybean, in Bangladesh

-- 2022-05-11 22:12:18

Canada has proposed to sell canola oil to Bangladesh as an alternative to soybean oil amid a shortage driven by the Russia-Ukraine war. Canadian High Commissioner Lilly Nicholls discussed the proposa...

BGMEA urges Aldi to explore more business prospects with Bangladeshi suppliers

BGMEA urges Aldi to explore more business prospects with Bangladeshi suppliers

FE ONLINE DESK 2022-05-11 20:11:06

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday asked Aldi to explore further business prospects with Bangladeshi suppliers. The trade body also urged the German-based...

Deal signed to conduct study on establishing virtual marketplace for RMG

Deal signed to conduct study on establishing virtual marketplace for RMG

-- 2022-05-11 17:42:54

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed an agreement with LightCastle Partners for conducting a feasibility study on “Establishing a Virtual Marketplace Pla...

Bangladesh emerges as lucrative apparel sourcing destination

Bangladesh emerges as lucrative apparel sourcing destination

FE REPORT 2022-05-11 10:32:01

With improved safety, compliance and Covid-recovery situation, Bangladesh has been a lucrative destination for global apparel buyers and retailers. The local readymade garment industry has also enhan...

JS rail body seeks to go abroad to see development

JS rail body seeks to go abroad to see development

MUNIMA SULTANA 2022-05-11 09:17:26

Members of the parliamentary standing committee on railways ministry intend to visit different countries to see railway-sector development in order to play their roles as a watchdog. The proposal for...

Single point mooring project's cost goes up for 3rd time

Single point mooring project's cost goes up for 3rd time

FE REPORT 2022-05-11 09:15:53

The government has revised the single- point mooring (SPM) double pipeline-installation project for a third time, extending the cost by 53 per cent to Tk 71.24 billion from the original estimation....

Inflation, hefty subsidy baffle planners

Inflation, hefty subsidy baffle planners

SYFUL ISLAM 2022-05-11 09:02:01

Price spiral and consequent hefty subsidy requirements turn a top concern for the authors of next fiscal budget, sources said, prompting thoughts on a fresh hike in key utilities' rates. Finance mini...

Sri Lanka crisis may hit BD apparel shipments

Sri Lanka crisis may hit BD apparel shipments

JASIM UDDIN HAROON 2022-05-11 08:53:30

Local exporters are worried over the latest political turmoil in Sri Lanka, as around 40 per cent of the country's apparel shipments use the port of Colombo as the key transshipment hub to reach the U...

Germany prepares crisis plan for abrupt end to Russian gas

Germany prepares crisis plan for abrupt end to Russian gas

-- 2022-05-10 13:02:18

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter...

Disney to provide next streaming gauge after Netflix retreat

Disney to provide next streaming gauge after Netflix retreat

-- 2022-05-10 11:39:19

Walt Disney Co's streaming TV business will face scrutiny on Wednesday from investors who are re-evaluating the media industry's aggressive shift from cable television to online video subscriptio...

Tesla halts production at Shanghai plant

Tesla halts production at Shanghai plant

-- 2022-05-10 10:16:43

Tesla halted production at its Shanghai plant on Monday due to issues with securing parts for its electric vehicles, two people familiar with the matter said, the latest in a series of difficulties fo...

Value addition threshold 20pc

Value addition threshold 20pc

FE REPORT 2022-05-10 08:59:04

The central bank on Monday lowered the value-addition threshold for the country's garment exporters to 20 per cent from 30 per cent for the current fiscal year. Apparel exporters will now get cash...

Padma Bridge may open on June 25

Padma Bridge may open on June 25

MUNIMA SULTANA 2022-05-10 08:51:56

The long-awaited 6.15-kilometre Padma Bridge is likely to open to traffic on June 25 as work on the country's longest infrastructure has been done within timeline. Official sources, however, say the...

Dealers, retailers to blame for edible oil price overrun

Dealers, retailers to blame for edible oil price overrun

FE REPORT 2022-05-10 08:21:10

A section of relevant traders is to blame for the edible-oil crisis in Bangladesh as indicated by Commerce Minister Tipu Munshi while lamenting his misplaced trust on the traders regarding the pricing...

Bitcoin value drops by 50pc since November peak

Bitcoin value drops by 50pc since November peak

-- 2022-05-09 10:54:52

The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world's largest cryptocurrency by m...

Kailashtila field starts supplying 19 mmcfd gas

Kailashtila field starts supplying 19 mmcfd gas

FE REPORT 2022-05-09 08:54:35

Onshore Kailashtila gas field started supplying around 19 million cubic feet of gas per day (mmcfd) to the country's national gas grid from Saturday night. The new gas source was found following work...

Ctg port procures two gantry cranes, three RTG cranes

Ctg port procures two gantry cranes, three RTG cranes

FE REPORT 2022-05-09 08:49:24

The country's largest seaport in Chittagong is procuring sophisticated equipment to enhance its capacity. In the latest development, as of Sunday, two key gantry cranes and three rubber-tyred gantr...

Boost leather quality for China marketing

Boost leather quality for China marketing

FE REPORT 2022-05-09 08:39:21

A push comes for quality enhancement of leather and leather goods and pursuing aggressive marketing to raise their exports to China, where a vast market potential lies untapped. Officials say the sug...

Business disputes stall panning out of pre-paid gas meter market

Business disputes stall panning out of pre-paid gas meter market

-- 2022-05-08 19:25:25

It has been about a year since the government allowed open market purchase of pre-paid gas meters to expedite the process of installing the system for customers’ benefit. So far, no public or p...

Nine Bangladeshi firms set to take part in 'Texworld Paris'

Nine Bangladeshi firms set to take part in 'Texworld Paris'

-- 2022-05-08 18:42:46

Nine Bangladeshi textile, garment and leather companies are set to take part in a three-day trade show, Texworld Paris, scheduled for July 04-06 in the French capital. The Bangladeshi companies will...

DMTCL seeks Tk 54b for MRT-1&5 in next development budget

DMTCL seeks Tk 54b for MRT-1&5 in next development budget

FHM HUMAYAN KABIR 2022-05-08 10:03:37

The construction works of two other metro rail lines are expected to start next fiscal year (FY 2022-23) as the authorities concerned sought an allocation of Tk 54.07 billion in the FY's Annual Develo...

60,000MT cooking oils reach Ctg Port, more on way

60,000MT cooking oils reach Ctg Port, more on way

NAZIMUDDIN SHYAMOL 2022-05-08 09:07:05

CHATTOGRAM: Despite arrival of five ships at Chittagong Port loaded with a huge quantity of imported edible oils in the last eight days, prices of the item have increased significantly at the local ma...

Groceries still go dry of cooking oils

Groceries still go dry of cooking oils

FE REPORT 2022-05-08 08:55:06

Three days after the government had jacked up prices over again, grocery stores in Dhaka and other parts of the country were still running out of soybean and palm oils on Saturday. Consumers are in d...