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The Financial Express

Search results for: Trade

Several buyers of Russian gas agree to pay in roubles, says Russian Deputy PM

Several buyers of Russian gas agree to pay in roubles, says Russian Deputy PM

-- 2022-04-15 20:27:11

Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday. "We expect the decision (to switch to roubles) from other imp...

E-commerce platform helping transgender to be entrepreneur 

E-commerce platform helping transgender to be entrepreneur 

-- 2022-04-15 19:44:35

Manisha Meem Nipun, a member of the transgender community, has changed myths about the transgender community by becoming an entrepreneur, overcoming social barriers and financial troubles.  Soci...

Ferrero says it will stop buying palm oil from Malaysia's Sime Darby

Ferrero says it will stop buying palm oil from Malaysia's Sime Darby

-- 2022-04-15 11:32:43

Italian confectionary giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation after the US customs service found the Malaysian planter used forced labour, in a reputational blow f...

Russia limits oil data access to protect local market

Russia limits oil data access to protect local market

-- 2022-04-14 21:01:41

Russia's Energy Ministry has started limiting access to its statistics on oil and gas production and exports, it said on Thursday. The ministry "is limiting the distribution of information, which cou...

Runner set to launch three-wheeler by September, says Palak  

Runner set to launch three-wheeler by September, says Palak  

-- 2022-04-14 20:31:40

Runner, the country's first motorcycle manufacturer and exporter company, is set to launch a three-wheeler by September next, said State Minister for Information and Communication Technology (ICT) Jun...

Elon Musk takes aim at Twitter with a $41 billion cash offer

Elon Musk takes aim at Twitter with a $41 billion cash offer

-- 2022-04-14 17:32:07

Billionaire Elon Musk has offered to buy Twitter for about $41 billion in cash, saying the social media company he has often criticised needs to go private to see effective changes. Musk's offer pric...

Southeast Asia's tourism industry begins uneven recovery

Southeast Asia's tourism industry begins uneven recovery

-- 2022-04-14 10:58:22

Two years after tourism in Southeast Asia ground to a halt, travellers are getting back on planes as entry and COVID-19 quarantine rules are lifted in the region, but a full recovery will be slow and...

BSCIC fair begins in city today

BSCIC fair begins in city today

FE REPORT 2022-04-14 09:27:45

On the occasion of Bengali new year, the Bangladesh Small and Cottage Industries Corpo-ration (BSCIC) and Bangla Academy are jointly organising a fair, styled 'Boishahki Mela-1429, starting today (Thu...

BIDA, FICCI join forces to woo investment

BIDA, FICCI join forces to woo investment

FE REPORT 2022-04-14 09:18:22

The country's apex investment promotion agency and a platform of foreign investors join hands to promote and facilitate foreign investment in the country. To this end, the Bangladesh Investment Devel...

Govt releases Tk 23b cash incentives for exporters

Govt releases Tk 23b cash incentives for exporters

FE REPORT 2022-04-14 09:07:12

The government released Tk 23 billion for the payment of cash incentives to local exporters on their export earnings. It is the 4th installment of cash incentives for the April-June period of the cur...

Eight global firms get request for proposals

Eight global firms get request for proposals

M AZIZUR RAHMAN 2022-04-14 09:04:28

The government has issued request for proposals (RFPs) to eight previously short-listed global firms to build the country's maiden land-based LNG terminal with a capacity to handle 7.50 million tonnes...

Tax structure impedes telcos' growth

Tax structure impedes telcos' growth

FE REPORT 2022-04-14 08:50:02

Policymakers, telecom stakeholders and experts have opined that the existing tax structure on the telecom sector is unfair and has created an obstruction to the further expansion of digital Banglade...

NBR exempts BTCL from VAT payment

NBR exempts BTCL from VAT payment

FE REPORT 2022-04-14 08:12:08

The National Board of Revenue (NBR) has exempted Bangladesh Tele-communications Company Limited (BTCL) from payment of VAT in a bid to avoid double taxation on consumers. The NBR VAT Policy Wing is...

Wind, solar power prices climb nearly 30pc in a year globally

Wind, solar power prices climb nearly 30pc in a year globally

-- 2022-04-13 20:35:46

Prices for wind and solar power in major global markets have climbed nearly 30 per cent in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping...

Eid, Boishak shopping swells to Tk 1.5 trillion 

Eid, Boishak shopping swells to Tk 1.5 trillion 

-- 2022-04-13 19:49:52

Smarting from two consecutive years of pandemic-induced losses the country has returned to a festive mood giving a fillip to this year’s Ramadan, Pohela Boishakh, and Eid-ul-Fitr shopping. ...

BGMEA calls for stopping gas rationing

BGMEA calls for stopping gas rationing

FE REPORT 2022-04-13 09:16:31

Country's apparel makers have demanded withdrawal of the decision of gas rationing in the industrial units for four hours a day for fifteen days. In a statement, first vice president of Bangladesh Ga...

Push for open tender to buy spot LNG

Push for open tender to buy spot LNG

M AZIZUR RAHMAN 2022-04-13 09:10:00

Bangladesh will be able to import liquefied natural gas (LNG) from spot market at lower rates if the government purchases the fuel through open-tendering method instead of the existing selective- and...

Nokia pulling out of Russian market

Nokia pulling out of Russian market

-- 2022-04-12 20:27:43

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO said, going a step further than rival Ericsson, which said on Monday it was indefinitely suspending its business in the cou...

Al-Arafah Islami Bank launches First Contactless Islami Debit and Prepaid Cards in Bangladesh with Mastercard

Al-Arafah Islami Bank launches First Contactless Islami Debit and Prepaid Cards in Bangladesh with Mastercard

-- 2022-04-12 17:02:48

Al-Arafah Islami Bank, in collaboration with Mastercard, announced the launch of contactless debit and prepaid cards at a city hotel Tuesday. At the inauguration ceremony, Md. Mezbaul Haque, Honorabl...

BRAC Bank launches QR-based transactions through mobile app ‘ASTHA’

BRAC Bank launches QR-based transactions through mobile app ‘ASTHA’

-- 2022-04-12 15:50:07

 BRAC Bank has launched Quick Response (QR)-based transactions through the mobile app ‘ASTHA’ to provide its customers with the convenience of daily transactions.   It lets use...

Gas rationing for industries from today

Gas rationing for industries from today

FE REPORT 2022-04-12 12:18:32

The government has imposed gas rationing for industrial clients across the country, requesting them to cease consuming natural gas for four hours daily from 5:00 pm to 9:00 pm for the next 15 days sta...

Nagad arranges training workshop

Nagad arranges training workshop

FE ONLINE DESK 2022-04-12 11:44:12

A workshop on the overall activities of Postal Department Mobile Financial Service 'Nagad' was held on Monday, aimed at providing guidance to BPO officials in conducting operations of the Bangladesh P...

Incepta launches new diabetes medicine

Incepta launches new diabetes medicine

FE REPORT 2022-04-12 10:51:55

Incepta Pharmaceuticals has launched a new diabetes controlling medicine under the brand name of 'Linatab E' (Generic: Linagliptin+ Empagliflozin). The medicine combines the two most remarkable and s...

3.2MWp rooftop solar plant opens in Narayanganj

3.2MWp rooftop solar plant opens in Narayanganj

FE REPORT 2022-04-12 10:40:59

The country's largest rooftop solar power plant under the opex model, a 3.2-megawatt peak (MWp) array, was inaugurated in Narayanganj on Monday. The facility has been established on a textile mill's...

Drive hastened to lure IOCs for bay gas hunt

Drive hastened to lure IOCs for bay gas hunt

M AZIZUR RAHMAN 2022-04-12 09:41:04

Scotland's Wood Mackenzie will work for sweetening Bangladesh's model production-sharing contract (MPSC) to lure international oil companies (IOCs) to explore hydrocarbons in the Bay. The hiring of t...

Chattogram-Dubai direct shipping service on cards

Chattogram-Dubai direct shipping service on cards

FE REPORT 2022-04-12 09:27:22

With the government high-ups keen to start a direct shipping service between Bangladesh and the United Arab Emirates (UAE) amid growing trade, the Ministry of Shipping has advanced faster to realise t...

Banks to impose at least 25pc margin on opening of LCs for non-essential items

Banks to impose at least 25pc margin on opening of LCs for non-essential items

-- 2022-04-11 22:00:44

Bangladesh Bank has asked banks to impose at least a 25 per cent margin on the opening of letters of credit (LCs) for non-essential consumer items to curb the escalated import payments. Baby food, fu...

First-ever Level 5 Competency-Based Training and Assessment training for Master Trainers

First-ever Level 5 Competency-Based Training and Assessment training for Master Trainers

-- 2022-04-11 20:18:13

The professionalisation of TVET teachers or trainers is critical in order to build a quality technical and vocational training system to produce highly skilled trainees.  Therefore improving the...

HSBC inaugurates new relocated branch in Uttara

HSBC inaugurates new relocated branch in Uttara

FE ONLINE DESK 2022-04-11 19:25:35

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has recently inaugurated its new relocated branch at Giant Business Tower, Uttara, Dhaka. Faruque Hassan, president of BGMEA and Rup...

BSTI starts issuing halal certificates for products, food

BSTI starts issuing halal certificates for products, food

-- 2022-04-11 18:13:25

The Bangladesh Standards and Testing Institution (BSTI) has started issuing halal certification alongside the quality certification of the products and food items it assesses and evaluates. According...