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The Financial Express

Search results for: Trade

ESSIL Bangladesh's showroom opens at Gulshan-Badda Link Road

ESSIL Bangladesh's showroom opens at Gulshan-Badda Link Road

FE ONLINE DESK 2022-04-01 10:27:27

ESSIL Bangladesh opened an outlet at Gulshan-Badda Link Road in the capital on Wednesday. Mr Selim H, chairman of Bangladesh Furniture Industries Owners Association (BFIOA) and also managing director...

Most commodity prices inflate before Ramadan

Most commodity prices inflate before Ramadan

YASIR WARDAD 2022-04-01 08:58:36

Most of the essential commodities like beef, chicken, fish, sugar, salad items, brinjal, pulses, bason and date rise in prices just before the start of the fasting month of Ramadan. Market sources sa...

Businesses place package demands for budget

Businesses place package demands for budget

FE REPORT 2022-04-01 08:53:02

Cuts in taxes, predictable policy regime, tax simplification and boosting CMSMEs are among measures leading businesses seek in new budget for ensuring a business-friendly climate in the country. Th...

FBCCI urges Bangladesh Bank to postpone classification of loan until June 30

FBCCI urges Bangladesh Bank to postpone classification of loan until June 30

SIDDIQUE ISLAM 2022-04-01 08:19:33

The country's apex trade body has requested the central bank to suspend loan classification until June 30 to keep the overall business activities as usual. Federation of Bangladesh Chambers of Commer...

US to release 1.0m barrels of oil a day to ease pump prices

US to release 1.0m barrels of oil a day to ease pump prices

-- 2022-03-31 22:28:40

President Joe Biden on Thursday will announce the release of 1.0 million barrels of oil a day for the next six months from the US Strategic Petroleum Reserve to try to bring down gasoline prices, the...

Apparel industry steadfast in sustaining momentum of workplace safety: BGMEA

Apparel industry steadfast in sustaining momentum of workplace safety: BGMEA

-- 2022-03-31 20:54:43

The apparel industry of Bangladesh is also committed to sustaining the progress made in workplace safety while developing its capacities to retain competitiveness in the changing business landscape, t...

Putin says Russian gas must be paid for in roubles from April

Putin says Russian gas must be paid for in roubles from April

-- 2022-03-31 19:50:56

Russian President Vladimir Putin said on Thursday that he had signed a decree saying foreign buyers must pay in roubles for Russian gas from April 1, and contracts would be halted if these payments we...

Plastic goods manufacturers urge govt to cut import duty on raw materials

Plastic goods manufacturers urge govt to cut import duty on raw materials

-- 2022-03-31 18:29:38

Plastic goods manufacturers have demanded the government bring down the import duty on main raw materials to 1-3 per cent from the existing 5.0 per cent. They placed the demand at a press briefing...

Mapped in Bangladesh digitally maps 3,723 export-oriented RMG factories: Afshana Choudhury

Mapped in Bangladesh digitally maps 3,723 export-oriented RMG factories: Afshana Choudhury

FE ONLINE REPORT 2022-03-31 15:02:32

Mapped in Bangladesh (MiB), a digital platform, has so far collated data from 3,723 export-oriented RMG factories spread all over Bangladesh using the census method, resulting in a digital map that...

US warns India against sharp rise in Russian oil imports

US warns India against sharp rise in Russian oil imports

-- 2022-03-31 13:06:41

A significant increase in Russian oil imports by India could expose New Delhi to a "great risk" as the United States prepares to step up enforcement of sanctions against Moscow for its invasion of Ukr...

Five more Bangladesh firms get go-ahead for exporting aquatic animals to China

Five more Bangladesh firms get go-ahead for exporting aquatic animals to China

FE REPORT 2022-03-31 11:39:48

China has recently allowed five more Bangladeshi firms to export edible aquatic animals to China. With the new ones, a total of eight enterprises have been given permission to export edible aquatic a...

CAB demands punishment for errant traders

CAB demands punishment for errant traders

FE REPORT 2022-03-31 11:09:09

Consumers Association of Bangladesh (CAB) on Wednesday demanded punishment for those responsible for the price hike of essential commodities. They said the prices of essentials shot up abruptly due t...

Thrust on bagda farming to spur export basket

Thrust on bagda farming to spur export basket

FE REPORT 2022-03-31 10:32:15

Speakers at a discussion on Tuesday night laid emphasis on the need for reviving bagda (black tiger) shrimp production to boost the export basket. The local variety shrimp has potential in global mar...

ONGC finds Kanchon well dry, ditches gas drilling

ONGC finds Kanchon well dry, ditches gas drilling

M AZIZUR RAHMAN 2022-03-31 09:00:56

India's ONGC Videsh Ltd has plugged and abandoned drilling Kanchon gas well as the firm couldn't discover any hydrocarbon in Bangladesh's shallow-water gas block. The explorers drilled beyond its tar...

Kamalapur structures now under PPP as Japanese firm skips

Kamalapur structures now under PPP as Japanese firm skips

MUNIMA SULTANA 2022-03-31 08:57:13

The Bangladesh Railway (BR) will now build some structures in Kamalapur rail station area under the public-private partnership (PPP) under a billion-dollar multi-modal transport hub (MmTH) project....

Scam shooting sought as MFS transactions boom

Scam shooting sought as MFS transactions boom

FE REPORT 2022-03-31 08:55:21

Fraudulent activities remain one of the key deterrents to expansion of mobile financial services despite an encouraging rise in MFS users, according to a survey that stresses scam shooting. The sur...

Intel CEO earns 1,711 times more than average company worker

Intel CEO earns 1,711 times more than average company worker

-- 2022-03-30 22:48:17

Intel Corp Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showe...

‘European Union should buy Russian grain, metals, fertiliser, coal, timber in roubles’

‘European Union should buy Russian grain, metals, fertiliser, coal, timber in roubles’

-- 2022-03-30 18:39:27

The Kremlin said on Wednesday that demanding rouble payment for exports of oil, grain, fertilisers, coal, metals and other key commodities in addition to natural gas was a good idea and should be work...

BIMSTEC leaders pledge to strengthen regional cooperation to offset economic losses

BIMSTEC leaders pledge to strengthen regional cooperation to offset economic losses

FE ONLINE DESK   2022-03-30 17:00:20

Leaders of the BIMSTEC on Wednesday vowed to intensify regional cooperation to strengthen connectivity, enhance trade and investment in tourism, technology and energy sectors to offset the economic lo...

Consumer protection of digital financial services is challenging

Consumer protection of digital financial services is challenging

ZAIDI SATTAR 2022-03-30 11:58:38

A digital revolution is sweeping the globe propelling the speed with which we do financial transactions. Brick and mortar banks could soon become historical relics. But with this technological revolut...

India mulls exporting sugar to Bangladesh

India mulls exporting sugar to Bangladesh

FE REPORT 2022-03-30 11:31:25

India considers exporting sugar to Bangladesh under the government-to-government (G2G) arrangement. Manoj Kumar Semwal, managing director (MD) of the National Cooperative Consumers' Federation of Ind...

IBBL to embrace full digitisation, MD tells FE

IBBL to embrace full digitisation, MD tells FE

SIDDIQUE ISLAM 2022-03-30 10:48:04

Islami Bank Bangladesh Limited (IBBL) has planned to launch full digitisation using the latest financial technology (FinTech) within the next five years, the bank's top executive said. "We want to be...

Bashundhara asked to explain reduced oil supply

Bashundhara asked to explain reduced oil supply

FE REPORT 2022-03-30 10:33:53

A government agency on Tuesday wrote to Bashundhara Group to explain the reason of reduced supply of edible oil in the market in March, officials said. The Directorate of National Consumer Rights Pro...

Authorities inspect 5,200 factories to ensure safeguard for local market

Authorities inspect 5,200 factories to ensure safeguard for local market

FE REPORT 2022-03-30 08:48:02

The government is considering safeguarding all the industries that are producing goods for the local market, like the way it secures the export-oriented ones. To this effect, a national committee has...

Higher input costs deflate hopes for any cheaper rice

Higher input costs deflate hopes for any cheaper rice

YASIR WARDAD 2022-03-30 08:44:10

Bangladesh's Boro paddy acreage reached an all-time high at 4.96 million hectares this season with prospects for a bumper harvest, officials say, but hopes seem dim for rice-price respite. Value-chai...

Distortions affect VAT system; NBR report admits relevance of refund

Distortions affect VAT system; NBR report admits relevance of refund

DOULOT AKTER MALA 2022-03-30 08:37:19

Distortions like advance tax, tax on tax, specific VAT, VAT deducted at source and patchy refund mechanism jumbled up to deviate an ideal taxation system called value-added tax in Bangladesh, prompt...

Tech giants to sponsor tickets worth Tk 1.7b for Bangladeshi students in World Marketing Summit 2022

Tech giants to sponsor tickets worth Tk 1.7b for Bangladeshi students in World Marketing Summit 2022

FE ONLINE DESK 2022-03-29 17:10:35

Global tech companies are going to sponsor tickets worth around Tk 1.7 billion for Bangladeshi students in the World Marketing Summit 2022. Microsoft, Amazon and Google are among the tech giants that...

City Bank opens third Amex Domestic Lounge at Dhaka airport

City Bank opens third Amex Domestic Lounge at Dhaka airport

FE ONLINE DESK 2022-03-29 16:05:32

City Bank has inaugurated its third 'City Bank American Express Lounge' at the domestic terminal of Hazrat Shahjalal International Airport (HSIA) in Dhaka, says a press release received on Tuesday. T...

Bangladeshi EdTech Shikho closes seed investment of USD 5.3 million

Bangladeshi EdTech Shikho closes seed investment of USD 5.3 million

FE ONLINE 2022-03-29 13:30:23

Bangladeshi ed-tech startup Shikho, a company dedicated to making high-quality education accessible and affordable, today announced it has raised USD 4.0 million in new seed funding. This is in addit...

'Nagad transforming Bangladesh into a cashless country'

'Nagad transforming Bangladesh into a cashless country'

FE ONLINE DESK 2022-03-29 12:27:32

Nagad, the mobile financial service of the postal department, is playing an outstanding role in transforming Bangladesh into a cashless country, said top brass of various sectors. They said that Naga...