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The Financial Express

Search results for: Trade

BCI, SME Foundation to help CMSMEs

BCI, SME Foundation to help CMSMEs

FE REPORT 2022-03-29 10:44:14

The SME Foundation and the Bangladesh Chamber of Industries (BCI) agreed on Monday to work together for the development of cottage, micro, small and medium enterprises (CMSMEs). As part of the move,...

Huawei to invest more in R&D

Huawei to invest more in R&D

FE REPORT 2022-03-29 10:25:25

Huawei Technologies (Bangladesh) Ltd will invest more in research and development (R&D) to work through innovation, localisation and collaboration in immensely potential Bangladesh. "Bangladesh h...

Russia and European Union at odds over gas payments in roubles

Russia and European Union at odds over gas payments in roubles

-- 2022-03-29 10:19:33

Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand, reports Reuters. At a...

BTRC issues new licensing regulation

BTRC issues new licensing regulation

DOULOT AKTER MALA 2022-03-29 08:53:42

The Bangladesh Telecommunication Regulatory Commission (BTRC) issued a new licensing regulation, categorising services for getting licences through tender and open allocations. The regulation -- Bang...

Top-level taskforce tasked with tackling market

Top-level taskforce tasked with tackling market

REZAUL KARIM 2022-03-29 08:46:32

The government fields a high-powered taskforce to review commodity prices and market manners and do whatever deemed fit to keep the supplies within commoners' buying capacity. Commerce Minister Tipu...

Problems under LoCs: Dhaka requests Delhi to amend conditions

Problems under LoCs: Dhaka requests Delhi to amend conditions

FHM HUMAYAN KABIR 2022-03-29 08:44:00

Bangladesh seeks to make 50-per cent procurement from outside India under the ongoing Line of Credit (LoC) financing programme for what insiders say ensuring quality development works with the borrowe...

Central bank to fix interest rates for non-bank financial institutions

Central bank to fix interest rates for non-bank financial institutions

-- 2022-03-28 23:37:55

Bangladesh Bank has decided to fix deposit and lending interest rates for non-bank financial institutions (NBFIs), as it does for banks, to resolve the issue of their charging harsh interest rates of...

Russia, western nations at odds over gas payments in roubles

Russia, western nations at odds over gas payments in roubles

-- 2022-03-28 21:22:17

Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand. At a meeting of Europe...

Dutch brewing giant Heineken to exit Russia at expected cost of $438m

Dutch brewing giant Heineken to exit Russia at expected cost of $438m

-- 2022-03-28 19:47:21

Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia at an expected cost of 400 million euros ($438 million), after previously saying it would only halt new invest...

Apple to cut output of its iPhone and AirPods devices

Apple to cut output of its iPhone and AirPods devices

-- 2022-03-28 17:30:16

Apple Inc is planning to cut the output of its iPhone and AirPods devices as the Ukraine crisis and looming inflation start to weigh on demand for consumer electronics. The company plans to make abou...

Pureit organises trade meet to celebrate business success

Pureit organises trade meet to celebrate business success

FE ONLINE REPORT 2022-03-28 14:14:39

Pureit, one of the popular water purifier brands of Bangladesh, organised a trade meet programme with its retail partners across the country to celebrate its business success. Over 300 retail partner...

ICC workshop on ‘Management of Bonded Import & Risk Mitigation in Export Financing’ held in Chattogram

ICC workshop on ‘Management of Bonded Import & Risk Mitigation in Export Financing’ held in Chattogram

FE ONLINE DESK 2022-03-28 13:49:00

The International Chamber of Commerce, Bangladesh (ICC,B) organised a day-long workshop on ‘Management of Bonded Import & Risk Mitigation in Export Financing’ in Chattogram on Sunday....

Agriculture ministry requested to continue import permit facility for onion

Agriculture ministry requested to continue import permit facility for onion

FE REPORT 2022-03-28 10:22:55

The Ministry of Commerce (MoC) has requested the Ministry of Agriculture (MoA) to continue the existing import permit (IP) issue facility for onion until the Eid-ul-Fitr to facilitate onion shipment a...

Ten get 7th Agro Award 2021

Ten get 7th Agro Award 2021

FE REPORT 2022-03-28 09:17:20

Ten individuals and institutions got the 7th Agro Award 2021, hosted jointly by Standard Chartered Bank (SCB) and Channel i, for their significant contributions to the agriculture sector and the imp...

Bangladesh Bank okays Tk 20b fund for shipbuilding industry soon

Bangladesh Bank okays Tk 20b fund for shipbuilding industry soon

SIDDIQUE ISLAM 2022-03-28 09:08:49

A Tk 20-billion kiss of life to Bangladesh's emerging shipbuilding industry is coming soon, officials say, as it's one of the thrust sectors of the economy. A proposal to this effect was approved at...

Colombo Port crisis knocks on Bangladesh's shipping industry

Colombo Port crisis knocks on Bangladesh's shipping industry

JASIM UDDIN HAROON 2022-03-28 09:06:24

Bangladesh's shipping industry begins suffering under a knock-on impact of a crisis at Colombo Port where truck-loading-service disruptions are now a common phenomenon, according to operators of the t...

Bangladesh's new export policy attaches highest priority to 14 sectors

Bangladesh's new export policy attaches highest priority to 14 sectors

DOULOT AKTER MALA 2022-03-28 08:52:10

The government makes the new Export Policy 2021-24 effective with the highest priority attached to 14 sectors to boost much-needed foreign-currency earnings. With effect from March 23, 2022, the poli...

Realtors rue price rises of rod, other construction materials

Realtors rue price rises of rod, other construction materials

SAIF UDDIN 2022-03-28 08:37:19

Steep price rises of ms (mild steel) rod along with other building materials pushed construction and real-estate sector into slowdown, with its cascading impact on interlinked sectors of the economy...

Airwrk - Bangladesh’s first international talent marketplace launches its Beta Programme

Airwrk - Bangladesh’s first international talent marketplace launches its Beta Programme

FE Online 2022-03-27 18:51:46

Airwrk, a platform for Bangladeshi tech talents, has launched the beta programme of its platform www.airwrk.com, in a webinar held yesterday. Talented tech enthusiasts can now directly request an invi...

DCCI for enhancing export of Bangladeshi products to Rwanda

DCCI for enhancing export of Bangladeshi products to Rwanda

-- 2022-03-27 17:32:57

Dhaka Chamber of Commerce and Industries (DCCI) on Sunday urged Rwanda to enhance import of Bangladeshi products. Arman Haque, senior vice president of DCCI, requested Rwanda's importers to import st...

Puichhari Sub-Branch of Union Bank opens at Banshkhali, Ctg

Puichhari Sub-Branch of Union Bank opens at Banshkhali, Ctg

-- 2022-03-27 17:25:16

Alhaj Mustafizur Rahman Chowdhury, MP, Banshkhali Upazila, Chattogram inaugurated the Puichhari Sub-Branch of Union Bank at Banshkhali, Chattogram as the chief guest. Managing Director of the bank A....

Mongla Port buzzes with business amid development work

Mongla Port buzzes with business amid development work

FE ONLINE DESK 2022-03-27 11:11:16

Once a sleepy seaport Mongla has turned into a busy hub of export and import business over the past 13 years thanks to a number of development projects taken by the government. According to the port...

Greek supermarkets limit flour, sunflower oil purchases

Greek supermarkets limit flour, sunflower oil purchases

-- 2022-03-26 17:49:08

Supermarket chains in Greece said on Thursday they are restricting how much flour and sunflower oil customers can buy, saying the step was precautionary after seeing demand rise on worries supplies wi...

US FCC adds Russia's Kaspersky, China telecom firms to national security threat list

US FCC adds Russia's Kaspersky, China telecom firms to national security threat list

-- 2022-03-26 13:09:07

The Federal Communications Commission (FCC) on Friday added Russia's AO Kaspersky Lab, China Telecom (Americas) Corp and China Mobile International USA to its list of communications equipment and se...

Rubber board seeks VAT relief

Rubber board seeks VAT relief

FE REPORT 2022-03-26 12:47:33

Bangladesh Rubber Board requests withdrawal of 15-per cent VAT (value-added tax) on local rubber products to help the sector grapple with the problem of lower prices, sources say. It also requests...

Russia-bound RMG containers stuck in Chittagong port

Russia-bound RMG containers stuck in Chittagong port

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-03-26 09:30:30

Bangladesh's apparel export to Russia is being seriously hampered due to the ongoing war in Ukraine as a large number of containers loaded with readymade garments (RMG) bound for Russia are stuck at t...

Ukraine-Russia war hits Chattogram construction work

Ukraine-Russia war hits Chattogram construction work

OUR CORRESPONDENT, CHATTOGRAM 2022-03-26 08:22:46

Price hike of construction materials, especially MS rods and cement, which the manufacturers of those materials attributed to the Russia-Ukraine war, is hampering construction work in Chattogram. Sou...

Central bank emphasises decoupling corporates from financial institutions

Central bank emphasises decoupling corporates from financial institutions

FE REPORT 2022-03-26 08:14:29

Much of the trouble in Bangladesh's financial sector lies in the fact that corporate entities having business dealings with banks and non-bank financial institutions (NBFIs) also own these. Such an...

Russia asks India to pay for gas imports in euros instead of dollars

Russia asks India to pay for gas imports in euros instead of dollars

-- 2022-03-25 19:35:34

Gazprom, a Russian majority state-owned multinational energy corporation, has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars. The Russian corpor...

US announces deal to supply more LNG to Europe

US announces deal to supply more LNG to Europe

-- 2022-03-25 16:02:19

The European Union and the United States unveiled a deal on Friday to supply Europe with more US liquefied natural gas (LNG), as leaders of the European bloc meet to curb their reliance on Russian fos...