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The Financial Express

Search results for: Trade

Export cash incentives come under crosscheck

Export cash incentives come under crosscheck

DOULOT AKTER MALA 2022-05-08 08:45:52

All of the export products entitled to cash incentives will be examined physically at the customs houses before shipment from now on, in a bid to forestall any forgery. The customs wing of the Nation...

Deep seaport will be the regional export-import hub

Deep seaport will be the regional export-import hub

Nazimuddin Shyamol 2022-05-07 10:10:28

CHATTOGRAM: The deep seaport being constructed by the Chittagong Port Authority (CPA) in Matarbari of Cox's Bazar will turn into the most important export-import hub of the region in future, hopes Cha...

Treasury bill, bond trading jumps 36pc in July-March

Treasury bill, bond trading jumps 36pc in July-March

FE REPORT 2022-05-07 09:56:52

Transactions of the government's fixed income tradable securities in the secondary market jumped significantly in the first nine months (July-March) of the current fiscal year (FY22). Bangladesh Bank...

Shipwrecked foreign ship up for repairs

Shipwrecked foreign ship up for repairs

JASIM UDDIN HAROON 2022-05-07 09:13:47

The MV Haian City, a foreign ship damaged in a collision while outbound from Chittagong Port with exports worth about Tk 8.0 billion, has been declared General Average after its berthing at a private...

India again asks Bangladesh to check 32 CoO certificates

India again asks Bangladesh to check 32 CoO certificates

FE REPORT 2022-05-07 09:02:25

India reminded Bangladesh last month (April) to check and let it know the authenticity of 32 country-of-origin (CoO) certificates which were issued under the South Asian Free Trade Area (SAFTA) deal,...

Beijing now spotlights $1.0b Teesta project

Beijing now spotlights $1.0b Teesta project

MIR MOSTAFIZUR RAHAMAN 2022-05-07 08:45:04

The much-talked-about multipurpose project on Teesta river management is now considered a priority one by China and the authorities in Beijing are tasked with its evaluation, competent sources said....

Central Bank of India to shut 600 branches to improve its financial health

Central Bank of India to shut 600 branches to improve its financial health

-- 2022-05-06 19:43:14

Central Bank of India, a state-owned commercial bank, plans to shut 13 per cent of its branches to improve its financial health and bring an end to nearly five years of close scrutiny by the Reserve B...

Shareholders sue top Netflix executives for not disclosing subscription slump

Shareholders sue top Netflix executives for not disclosing subscription slump

-- 2022-05-06 19:32:17

Netflix Inc has been hit with a shareholder lawsuit in a US court in California accusing the streaming entertainment company of misleading the market about its ability to keep adding subscribers in re...

Musk to lead Twitter temporarily after $44b takeover

Musk to lead Twitter temporarily after $44b takeover

-- 2022-05-06 19:07:57

Elon Musk is expected to become Twitter's temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches c...

Export prices of India’s rice surge due to increasing demand from Asia, Africa

Export prices of India’s rice surge due to increasing demand from Asia, Africa

-- 2022-05-06 18:40:09

Export prices of rice from India rose this week on increasing demand from Asia and Africa while dwindling supplies of the staple lifted Vietnamese rates. Top exporter India's 5 per cent broken parboi...

Germany begins filling western Europe's biggest gas storage site

Germany begins filling western Europe's biggest gas storage site

-- 2022-05-06 15:09:01

Germany has started filling the huge Rehden gas storage facility abandoned by Russia's Gazprom, the site's state-appointed manager said on Thursday, as Europe's biggest economy looks to guard against...

Malaysia aims to regain palm oil market share in EU

Malaysia aims to regain palm oil market share in EU

-- 2022-05-06 14:30:28

Malaysia, the world's second-largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and "political tension in Europe" to regain market share after buyers shunned...

Apparel exports to US jump 62pc in Q1

Apparel exports to US jump 62pc in Q1

MONIRA MUNNI 2022-05-06 11:23:48

The country's apparel exports to the US witnessed a robust growth in terms of both value and volume during the first quarter of 2022. The US imported ready-made garment (RMG) items worth US$2.47 bi...

LPG price lowered for May trading

LPG price lowered for May trading

FE REPORT 2022-05-06 08:49:40

The regulator reduced the retail prices of liquefied petroleum gas (LPG) by 7.79 per cent for May trading, to a little relief for an umpteen number of consumers who have to depend on this costly fuel....

Biggest ever one-time hike in soybean, palm oil prices

Biggest ever one-time hike in soybean, palm oil prices

Jubair Hasan and Yasir Wardad 2022-05-06 08:40:02

Consumers' woes regarding use of edible oil intensified further, as the government made the highest surge in maximum retail price (MRP) of branded soybean oil by Tk 38 a litre on Thursday. With the m...

NBR to audit tech giants' VAT returns

NBR to audit tech giants' VAT returns

FE REPORT 2022-05-06 08:38:40

The National Board of Revenue (NBR) is preparing itself to audit the VAT returns of global technological giants to ensure proper collection from them. Currently, the non-resident companies like Goo...

Bangladesh's external trade slows amid port jam

Bangladesh's external trade slows amid port jam

SYFUL ISLAM 2022-05-06 08:34:33

Bangladesh's foreign-trade delivery slows as the Eid-ul-Fitr holiday virtually halted container handling at Chittagong seaport, creating acute shipping jam, sources say. Some vessels now have been wa...

LPG price  declines by Tk 8.68 per kg

LPG price declines by Tk 8.68 per kg

-- 2022-05-05 17:52:53

After three months of continuous upward trend in prices, the energy regulator has lowered the price of the Liquified Petroleum Gas(LPG) with effect from 6 pm on Thursday.    As per the...

US Senate moves to launch formal talks on massive China competition bill

US Senate moves to launch formal talks on massive China competition bill

-- 2022-05-05 11:09:54

The US Senate on Wednesday moved to begin formal legislative talks on a long-stalled bill to pay for $52 billion in semiconductor chips manufacturing subsidies and boost US competitiveness with China,...

Airbnb bets on summer of travel to drive revenue growth

Airbnb bets on summer of travel to drive revenue growth

-- 2022-05-04 11:13:05

Vacation rental firm Airbnb projected second-quarter revenue above market estimates on Tuesday, betting on pent-up demand to drive a summer of strong travel after Covid-19 curbs were eased globally....

Main negotiators reach 'outcome' on Covid vaccine patent waiver, WTO says

Main negotiators reach 'outcome' on Covid vaccine patent waiver, WTO says

-- 2022-05-04 08:00:36

The four main parties to negotiations on an intellectual property waiver for Covid-19 vaccines have prepared an "outcome document" for approval by the broader membership, the WTO said on Tuesday, with...

Pfizer maintains sales forecasts for its Covid-19 products

Pfizer maintains sales forecasts for its Covid-19 products

-- 2022-05-03 22:27:16

Pfizer Inc maintained sales forecasts for its Covid-19 products on Tuesday after a series of hikes to the sales outlook for its Covid-19 vaccine last year, in a sign that dizzying growth has slowed....

Suez Canal records its highest monthly revenue in April

Suez Canal records its highest monthly revenue in April

-- 2022-05-02 21:46:43

Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday, as traffic rebounded from the i...

Tata, India's electric vehicle king, takes a frugal road less travelled

Tata, India's electric vehicle king, takes a frugal road less travelled

-- 2022-05-02 15:23:15

To make its first electric vehicle for the consumer market, India's Tata Motors Ltd repurposed an unused shop floor at its flagship plant. Here, there's no fancy assembly line - Nexon SUV bodies desig...

In it for the long haul: Qantas bets on non-stop Sydney-London flights with Airbus order

In it for the long haul: Qantas bets on non-stop Sydney-London flights with Airbus order

-- 2022-05-02 10:47:27

Qantas Airways will fly non-stop from Sydney to London after ordering a dozen special Airbus jets, charging higher fares in a multi-billion dollar bet that fliers will pay a premium to save four hours...

Chip consortium ISMC to set up $3 billion plant in India's Karnataka

Chip consortium ISMC to set up $3 billion plant in India's Karnataka

-- 2022-05-02 09:24:31

International semiconductor consortium ISMC will invest $3 billion in India's southern Karnataka state to set up a chip-making plant, the state government said on Sunday, Reuters reports. ISMC is a j...

India seizes $725 million of Xiaomi assets over illegal remittances

India seizes $725 million of Xiaomi assets over illegal remittances

-- 2022-05-01 09:58:37

India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp after a probe found the smartphone maker had made illegal remittances to foreign entities by passi...

Shahjalal airport to operate round the clock from Sunday midnight

Shahjalal airport to operate round the clock from Sunday midnight

-- 2022-05-01 09:08:30

Shahjalal International Airport in Dhaka will be operational round the clock from Sunday midnight after runway development forced daily closure for eight hours in the past four and a half months. The...

90pc units under IP pay Eid allowances

90pc units under IP pay Eid allowances

FE REPORT 2022-05-01 09:04:23

More than 90 per cent of the factories under the jurisdiction of the Industrial Police (IP) have paid festival allowances, according to IP officials. Besides, more than 55 per cent of the units have...

Bangladesh to increase listed firms to supply spot LNG

Bangladesh to increase listed firms to supply spot LNG

M AZIZUR RAHMAN 2022-05-01 09:01:50

Bangladesh will increase the number of listed liquefied natural gas (LNG) suppliers from international spot market expecting to get more participants in the selective bidding process and purchase the...