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The Financial Express

Search results for: Trade

Bangladesh sets sights on export possibilities in Africa

Bangladesh sets sights on export possibilities in Africa

REZAUL KARIM 2022-05-01 09:00:10

Bangladesh looks to grab export opportunities in untapped African countries, including tightening trade ties and increasing export earnings, with intent to address its LDC graduation challenges, offic...

BBA hunts for funders of $102.77b

BBA hunts for funders of $102.77b

MUNIMA SULTANA 2022-05-01 08:57:22

The Bangladesh Bridge Authority (BBA) starts finding financiers from both development partners and public-private partnership (PPP) as its feasibility study reveals a $102.77-billion investment plan u...

Edible oil market out of control

Edible oil market out of control

FE REPORT 2022-05-01 08:54:23

Edible oil market has almost gone out of control just before the Eid, to be celebrated this week. On Saturday, loose soybean oil was sold at a maximum of Tk 220 per litre at retail. The price incr...

New biz line may grab 10pc market share

New biz line may grab 10pc market share

JASIM UDDIN HAROON 2022-05-01 08:52:07

The new business of direct shipping, which was introduced in December last, is expected to grab around 10 percent of the country's export trade. The established shipping lines, however, viewed that t...

Kerb market dollar slips, call money rate stable

Kerb market dollar slips, call money rate stable

JASIM UDDIN HAROON 2022-05-01 08:40:15

The price of the US dollar shrank in the local market on Saturday although the greenback has global surge to its highest level in two decades on Thursday. The dollar index, a gauge of the US currency...

Integration ills blight huge regional trade potential

Integration ills blight huge regional trade potential

MIR MOSTAFIZUR RAHAMAN 2022-05-01 08:35:51

Regional trade among South Asian countries can grow to US$44 billion but the potential remains untapped for lack of policy support, a World Bank finding shows at a crucial juncture. And the lack of...

RMG workers received full salary, bonus: BGMEA

RMG workers received full salary, bonus: BGMEA

-- 2022-04-30 22:56:18

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has claimed 100 per cent salary and Eid bonus of the country’s readymade garment industries has been paid. BGMEA president...

‘100pc BGMEA member factories paid salary, Eid bonus to workers’

‘100pc BGMEA member factories paid salary, Eid bonus to workers’

-- 2022-04-30 20:27:58

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said all readymade garments (RMG) factories under the organisation have paid a festival allowance of Eid...

Al-Haj Nur Mohammed elected as Jamuna Bank board chairman

Al-Haj Nur Mohammed elected as Jamuna Bank board chairman

FE ONLINE DESK   2022-04-30 14:25:42

Al-Haj Nur Mohammed has been elected as the board of directors’ chairman of Jamuna Bank Limited for the second time recently. He is a former Member of Parliament for Munshiganj. Mr Nur Mohamm...

Dhaka's businesses gear up for Eid cheer after two years in pandemic doldrums

Dhaka's businesses gear up for Eid cheer after two years in pandemic doldrums

-- 2022-04-30 13:53:42

After two years of celebrations muted by the pandemic, entertainment centres and restaurants in Dhaka are preparing for a return to normal this Eid, bdnews24.com reports. Thursday, Apr 28, was the la...

21st AGM of Shahjalal Islami Bank held

21st AGM of Shahjalal Islami Bank held

-- 2022-04-30 09:03:38

The 21st Annual General Meeting (AGM) of Shahjalal Islami Bank Limited was held on Thursday on a digital platform. Chairman of the board of directors of the bank Mohammed Younus presided over the meet...

39th AGM of Uttara Bank held

39th AGM of Uttara Bank held

-- 2022-04-30 08:45:38

Uttara Bank Limited approved 14 per cent stock and 14 per cent cash dividend for the year 2021 in its 39th annual general meeting (AGM) held on Thursday on a digital platform. The meeting was presided...

Peoples Ins Co recommends 12.5pc dividend

Peoples Ins Co recommends 12.5pc dividend

FE REPORT 2022-04-30 08:41:29

The board of directors of Peoples Insurance Company Ltd has recommended a 12.50 per cent cash dividend for the year ended on December 31, 2021, says a press release. The board of directors made the d...

India asks state firms to consider buying Russian oil assets

India asks state firms to consider buying Russian oil assets

-- 2022-04-30 08:39:39

India has asked state-run energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said, reports...

Boeing posts $1.5 billion loss

Boeing posts $1.5 billion loss

-- 2022-04-30 08:37:38

Boeing reported a wider loss and weaker revenue than analysts had expected for the first three months of the year amid higher costs and delays, including pushing back production of its next-generation...

Taka ‘may lose more ground’ vs dollar

Taka ‘may lose more ground’ vs dollar

-- 2022-04-30 08:36:30

The US dollar touched its highest level since 2002 on Thursday while the devaluation of taka continued to hit Bangladesh's trade heavily, sending costs of import, and production and shipment of export...

Clothing stores bustling with Eid shoppers

Clothing stores bustling with Eid shoppers

-- 2022-04-30 08:34:55

With Eid-ul-Fitr only days away, clothing stores in Dhaka are abuzz with customers, but the owners are not fully happy as they bemoan that sales have not returned to the pre-pandemic level despite a s...

Beef so prohibitive!

Beef so prohibitive!

YASIR WARDAD 2022-04-30 08:32:46

Beef prices have shot up to as high as Tk 760 a kilo in an unregulated market in the capital just a couple of days ahead of the Eid-ul-Fitr festival. Lack of market monitoring by government agencies...

Apple forecast bigger problems due to China lockdown, Ukraine war

Apple forecast bigger problems due to China lockdown, Ukraine war

-- 2022-04-29 16:59:58

Apple Inc on Thursday forecast bigger problems as Covid-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as i...

Beef price goes up further, hits Tk 760 per kg

Beef price goes up further, hits Tk 760 per kg

FE ONLINE REPORT 2022-04-29 16:41:16

Beef prices shot up to as high as Tk 760 a kg on Friday in an unregulated market just a couple of days ahead of the Eid-ul-Fitr festival. Lack of market monitoring by concerned government agencies an...

Chevron resumes gas production from damaged well

Chevron resumes gas production from damaged well

M AZIZUR RAHMAN 2022-04-29 08:54:53

US oil major Chevron resumes gas supply from its damaged well in Bibiyana hydrocarbon hub, ramping up overall output of the much-needed fuel in Bangladesh. The damaged onshore gas well in Bibiyana, l...

Entrepreneurship can spur recovery

Entrepreneurship can spur recovery

DOULOT AKTER MALA 2022-04-29 08:43:17

Prioritising the development of entrepreneurship can expedite resilient recovery from Covid-induced economic shock in Bangladesh, Mike Kazi tells the FE in an interview. He urges the policy-makers to...

BB asks banks to ensure smooth operations of ADCs in Eid

BB asks banks to ensure smooth operations of ADCs in Eid

FE REPORT 2022-04-29 08:42:05

The central bank has asked all the scheduled banks to ensure transactions by arranging smooth operations of alternative delivery channels (ADCs) round the clock during the upcoming Eid vacation, offic...

Higher cash withdrawal for Eid raises call money rate

Higher cash withdrawal for Eid raises call money rate

SIDDIQUE ISLAM 2022-04-29 08:38:59

The inter-bank call money rate increased slightly on Thursday mainly due to higher withdrawal of cash from the banks ahead of the Eid-ul-Fitr. The call rate ranged between 4.75 per cent and 5.25 per...

Edible oil markets get volatile before Eid

Edible oil markets get volatile before Eid

YASIR WARDAD 2022-04-29 08:37:08

Edible oil market became unstable further last week with a myriad of reasons, including supply crunch in the local market, price hike in international market and devaluation of Taka against US dollar...

Paddy procurement begins across country

Paddy procurement begins across country

-- 2022-04-29 08:28:34

The government has started procurement of paddy directly from farmers at Tk 27 per kg, said Food Minister Sadhan Chandra Majumder, reports UNB. Besides, the government will start rice procurement fro...

MoC also guns for cut in taxes on cooking oils

MoC also guns for cut in taxes on cooking oils

REZAUL KARIM 2022-04-29 08:19:40

The commerce ministry has asked the National Board of Revenue (NBR) to cut all kinds of duty, tax and tariff value on sunflower, olive and canola oils at import stage, aiming to cut dependency on wide...

Toll fixing shortly after Eid, opening in June

Toll fixing shortly after Eid, opening in June

MUNIMA SULTANA 2022-04-29 08:17:41

Toll rates for the much-cherished Padma multipurpose bridge (PMB) are likely to be final shortly after Eid vacation as the project office plans to inaugurate the engineering icon in June, sources sa...

Four mobile operators launch internet packages ‘without expiry date’

Four mobile operators launch internet packages ‘without expiry date’

-- 2022-04-28 22:28:31

Grameenphone, Robi, Banglalink and state-owned Teletalk have launched mobile internet packages technically without an expiry date. Post and Telecom Minister Mustafa Jabbar inaugurated the packages on...

Twitter reports stronger than expected user growth amid Musk takeover

Twitter reports stronger than expected user growth amid Musk takeover

-- 2022-04-28 21:14:31

Twitter Inc reported stronger than expected user growth in what could be its last quarter as a public company after agreeing to a $44-billion buyout by billionaire Elon Musk. But overall revenue and...