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The Financial Express

Search results for: Trade

Banks asked to ensure smooth ATM, MFS services during Eid

Banks asked to ensure smooth ATM, MFS services during Eid

-- 2022-04-28 17:48:00

Bangladesh Bank has asked banks to ensure uninterrupted online transactions across the country during the Eid-ul-Fitr vacation. Md. Mesbahul Hoque, General Manager, Payment System Department (PSD) to...

Banks across country to stay open on Saturday

Banks across country to stay open on Saturday

-- 2022-04-28 17:11:19

The central bank has instructed all banks across the country to stay open on Saturday, April 30, ahead of the Eid-ul-Fitr holidays. The order from Bangladesh Bank's Department of Off-Site Supervision...

Walton’s Digital Campaign: Two more customers get Tk 2.0m

Walton’s Digital Campaign: Two more customers get Tk 2.0m

FE ONLINE DESK 2022-04-28 15:43:56

Two more customers got Tk 2.0 million under the nationwide ongoing 'Digital Campaign Season-14' of Walton on the occasion of Eid-ul-Fitr. The lucky customers are Md Parvez Reza Hossain, former chairm...

LNG price spiral: Bangladesh to bank on higher imports of petroleum

LNG price spiral: Bangladesh to bank on higher imports of petroleum

FE REPORT 2022-04-28 09:43:28

Bangladesh will import up to 1.65 million tonnes of refined petroleum products during July-December 2022, some 34-percent higher than that of the 2021 second half, as LNG gets costlier. Officials say...

Indonesia stuns markets as it widens ban to include CPO, refined palm oil

Indonesia stuns markets as it widens ban to include CPO, refined palm oil

-- 2022-04-28 08:50:28

Indonesia stuns markets as it widens ban to include CPO, refined palm oil Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chi...

New Myanmar currency policy: Bangladesh exports to take a hit

New Myanmar currency policy: Bangladesh exports to take a hit

REZAUL KARIM 2022-04-28 08:38:26

A controversial new currency policy introduced by the military-backed government of Myanmar may impact Bangladesh's exports to the neighbouring nation. The policy shift may also affect the export s...

Homespun brands see sales boom

Homespun brands see sales boom

MONIRA MUNNI 2022-04-28 08:19:37

Local businesses of export-oriented apparel makers bounced back on the domestic retail market by banking on strong demand ahead of Eid festival. The sales boom would help the apparel exporters recove...

Taka falls further

Taka falls further

SIDDIQUE ISLAM 2022-04-28 08:17:37

The exchange rate of Bangladesh taka (BDT) further drops against US dollar mainly due to higher demand for the greenback for settling import-payment obligations. Taka lost its value by 25 paisa in th...

Recovery of Hallmark scam money: Liquidating co assets one of Sonali's options

Recovery of Hallmark scam money: Liquidating co assets one of Sonali's options

FE REPORT 2022-04-28 08:16:23

The Hallmark-scam deadlock will be resolved by next year, either by liquidating its assets or setting up special economic zone on the mortgaged land, says Sonali Bank whose huge money got stuck. Offi...

Microsoft forecasts double-digit revenue growth for next fiscal year

Microsoft forecasts double-digit revenue growth for next fiscal year

-- 2022-04-27 20:18:53

Microsoft Corp on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4 per cent. Microsoft forecast Inte...

Customs houses to remain open during Eid holidays

Customs houses to remain open during Eid holidays

-- 2022-04-27 18:49:58

The National Board of Revenue has decided to keep the customs houses open on a limited scale from April 29 to May 4 (except Eid day). A notification issued in this regard on Wednesday said in order t...

EBL arranges Tk 12b syndication loan facility for Banglalink

EBL arranges Tk 12b syndication loan facility for Banglalink

-- 2022-04-27 10:45:23

Eastern Bank Limited (EBL) as the mandated lead arranger has raised BDT 12 billion in the form of Syndicated Term Loan Facility for Banglalink Digital Communications Limited, one of the leading tele...

Govt asks consumer rights protection directorate to take actions against errant edible oil refiners

Govt asks consumer rights protection directorate to take actions against errant edible oil refiners

FE REPORT 2022-04-27 09:09:52

The government has asked the Directorate of National Consumer Rights Protection to take stringent actions against the edible oil refineries in case of violation of the existing government order. To t...

Government to bring in int'l expertise on LNG

Government to bring in int'l expertise on LNG

M AZIZUR RAHMAN 2022-04-27 09:06:39

The government now intends to get advice from global experts to carry out the country's overall liquefied natural gas (LNG) purchases, terminal development and other relevant activities. State-run...

'Outdated law, complex legal procedures delay justice for industrial accidents'

'Outdated law, complex legal procedures delay justice for industrial accidents'

FE REPORT 2022-04-27 09:01:52

Despite a notable improvement in workplace safety at RMG industry since the Rana Plaza collapse in 2013, there are still concerns regarding the compensation package for the deceased and injured worker...

Imports across board won't get duty cut

Imports across board won't get duty cut

DOULOT AKTER MALA 2022-04-27 08:58:10

Local manufacturing industries are no longer entitled to enjoy a rate in importing capital machinery and spare parts, meant for the use as raw materials or production inputs, customs officials said....

Haor hops with low Boro price

Haor hops with low Boro price

YASIR WARDAD 2022-04-27 08:35:00

Haor farmers are grappling with a fall in Boro paddy prices before Eid as they begin harvesting ripe and half-ripe paddy amid fear of further flash flood. A 76.29-per cent harvest was done in the hao...

Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan

Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan

-- 2022-04-26 10:55:10

Elon Musk clinched a deal to buy Twitter Inc (TWTR.N) for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global lea...

Indonesia may widen palm oil export ban if local demand not met

Indonesia may widen palm oil export ban if local demand not met

-- 2022-04-26 10:33:08

Indonesia is prepared to widen a palm oil export ban, which currently only applies to refined palm olein, if local shortages of derivative products used in cooking oil occur, according to details of a...

BAJUS cuts gold prices

BAJUS cuts gold prices

FE REPORT 2022-04-26 10:28:44

Local jewellers have reduced prices of two categories of gold uniformly, with effect from today (Tuesday). Prices have been slashed by Tk100 per gram of 22 and 21 carat of gold, according to a press...

3,151 factories pay Eid bonus so far

3,151 factories pay Eid bonus so far

FE REPORT 2022-04-26 09:58:49

One third of the factories, including textile and ready-made garment (RMG) units, across the country under the jurisdiction of the Industrial Police (IP) paid festival allowance until Monday. IP data...

Industries need energy security roadmap

Industries need energy security roadmap

FE REPORT 2022-04-26 09:52:56

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin has urged the government to prepare a roadmap to ensure energy security for industries. The apex trade bod...

Import of cotton from USA: BD sticks to its decision on fumigation checks

Import of cotton from USA: BD sticks to its decision on fumigation checks

MONIRA MUNNI 2022-04-26 09:48:22

Bangladesh sticks to its decision to continue fumigation requirement for cotton imported from the USA despite opposition from local spinners. The government upheld its decision in the new import poli...

Place import tax on computer, laptop, says ministry

Place import tax on computer, laptop, says ministry

ISMAIL HOSSAIN 2022-04-26 09:39:46

The Ministry of Posts, Telecommunications and Information Technology has proposed imposing taxes on the import of computers and laptops in the fiscal year (FY) 2022-23, in order to facilitate developm...

Disorderly edible oil market prevails undeterred

Disorderly edible oil market prevails undeterred

JUBAIR HASAN and YASIR WARDAD 2022-04-26 08:35:49

Supply shortage of edible oils on the local market turned severe to the frustration of consumers ahead of the Eid-ul-Fitr festival, market sources say. As virtual anarchy reigned over oil marketing,...

New policy curbs ministry control on imports

New policy curbs ministry control on imports

DOULOT AKTER MALA 2022-04-26 08:28:16

Local manufacturing industries will also enjoy duty-free facility through the bonded-warehouse window under new import policy the government issued Monday to ease controls on the trade. The duty-free...

Edible oil prices increase sharply as Indonesia bans export

Edible oil prices increase sharply as Indonesia bans export

-- 2022-04-25 22:28:47

The edible oil prices have increased sharply in the domestic market in the last two days after Indonesia, the world's top palm oil producer, announced an export ban. Indonesia announced on Friday a b...

BRT’s cooperation sought to make garment workers’ Eid journey easy

BRT’s cooperation sought to make garment workers’ Eid journey easy

FE ONLINE REPORT 2022-04-25 21:13:33

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) sought Dhaka Bus Rapid Transit’s (BRT) cooperation to make garment workers’ Eid journey easy. It requested BRT authori...

Summit, JERA sign MoU on developing roadmap to carbon neutrality

Summit, JERA sign MoU on developing roadmap to carbon neutrality

FE ONLINE DESK 2022-04-25 20:11:01

Summit Power International Limited and JERA Asia Private Limited (JERA Asia), a subsidiary of JERA Corporation of Japan, signed a Memorandum of Understanding (MOU) on Monday to collaborate on developi...

Twitter set to accept Musk's $43b offer

Twitter set to accept Musk's $43b offer

-- 2022-04-25 19:31:58

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc has called his "best and final" offer for the social media company, people...