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The Financial Express

Search results for: trade

Export of jute products a boon for Satkhira women

Export of jute products a boon for Satkhira women

FE ONLINE DESK 2022-12-17 15:25:46

Farida Parvin, a housewife in Sultanpur village under Sadar upazila of Satkhira district, now has her own source of income — making jute products for a private organisation involved in exporting...

Concerted efforts will help enhance Bangladesh-Romania ties, says Romanian Ambassador

Concerted efforts will help enhance Bangladesh-Romania ties, says Romanian Ambassador

UNB 2022-12-17 12:06:52

Romanian Ambassador to Bangladesh, India and Nepal, Daniela-Mariana Sezonov Tane has said her country could help Bangladesh produce hydropower through building mini plants by taking advantage of the m...

PepsiCo to roll out 100 Tesla Semis in 2023, exec says

PepsiCo to roll out 100 Tesla Semis in 2023, exec says

REUTERS 2022-12-17 09:57:24

PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger, the soda maker's top fleet official...

India sees no hit to fuel exports from EU Feb 5 action on Russian imports: Oil secretary

India sees no hit to fuel exports from EU Feb 5 action on Russian imports: Oil secretary

FE ONLINE DESK 2022-12-17 09:40:32

India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning Feb 5, oil secretary Pankaj Jai...

US-China chip war: How the technology dispute is playing out

US-China chip war: How the technology dispute is playing out

BBC 2022-12-17 09:21:26

The US is rapidly ramping up efforts to try to hobble China's progress in the semiconductor industry - vital for everything from smartphones to weapons of war. In October, Washington anno...

Nagad offers cash bonus on add-money from Mastercard

Nagad offers cash bonus on add-money from Mastercard

-- 2022-12-16 09:44:47

Nagad, a mobile financial service provider of Bangladesh Postal Department, has come up with an exciting offer of up to Tk 200 in cash bonus against an add-money of specific amounts to their Nagad a...

Stop garment waste export to ensure supply for local recycling units

Stop garment waste export to ensure supply for local recycling units

MONIRA MUNNI 2022-12-16 09:32:48

The country's textile millers have urged the government to ban exports of all types of garment waste, in a bid to ensure availability of the raw materials for local recycling units. They also have de...

Protect informal workers by using labour law: Rights groups

Protect informal workers by using labour law: Rights groups

FE REPORT 2022-12-16 09:21:42

Rights groups have demanded that informal workers, including construction workers and domestic assistants, get protection properly by the existing labour law. They said these workers are deprived of...

Bangladesh among Asian nations building most LNG terminals

Bangladesh among Asian nations building most LNG terminals

FE REPORT 2022-12-16 09:15:08

Bangladesh stands among top ten Asian countries bidding for boosting LNG-storing capacity, proposing US$2.6-billion cost for building liquefied natural gas-import terminals, though escalating global s...

Bounteous funds flow into agriculture

Bounteous funds flow into agriculture

JUBAIR HASAN 2022-12-16 09:09:45

Agriculture is having a heyday with bounteous fund inflow as formal farm credits during July-October period grew nearly 27 per cent year on year, as food security remains a prime concern. The sharp r...

Nepal to end eight-month ban on imports of cars, phones as reserves rise

Nepal to end eight-month ban on imports of cars, phones as reserves rise

-- 2022-12-15 18:43:39

Nepal will end an eight-month ban on the import of cars, expensive mobile phones and liquor on Friday as the country's foreign currency reserves have increased, officials said on Thursday. The Himala...

Soybean oil prices cut by Tk 5.0 a litre

Soybean oil prices cut by Tk 5.0 a litre

-- 2022-12-15 18:28:33

The government has cut the edible oil price by Tk 5.0 per litre and fixed the maximum retail price of per-litre bottle of soybean oil at Tk 187 from Tk 192. The new price of oil will be effective fro...

Aminbazar-Gopalganj 400 KV power transmission line came into operation

Aminbazar-Gopalganj 400 KV power transmission line came into operation

-- 2022-12-15 17:29:23

– After a delay of more than two years, finally the Aminbazar-Gopalganj 400 KV power transmission line came into operation, crossing the Padma River. “The line was commissioned successful...

RFL Group's bicycle factory opens new door of employment, says Tipu

RFL Group's bicycle factory opens new door of employment, says Tipu

-- 2022-12-15 17:17:03

Commerce Minister Tipu Munshi has said the launching of the RFL Group's second bicycle production factory in Gangachara upazila of Rangpur district has opened a new door of employment in the region....

Russian oil sold to India below price cap in buyers' market

Russian oil sold to India below price cap in buyers' market

FE ONLINE DESK 2022-12-15 14:50:17

Russia's flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil imports, and dominant buyer India has bought barrels a...

A sigh of relief for government as fertiliser prices drop in global market

A sigh of relief for government as fertiliser prices drop in global market

-- 2022-12-15 13:57:31

Bangladesh is currently providing muriate of potash (MOP) fertiliser to farmers at the rate of Tk 15 per kg, the price of which skyrocketed in the global market after the start of the Russia-Ukraine w...

India's wheat stocks to fall further but sufficient, government says

India's wheat stocks to fall further but sufficient, government says

FE ONLINE DESK 2022-12-15 13:37:35

Wheat stocks in India's government warehouses will fall by about 13 per cent by early next month from current levels but will be sufficient for welfare schemes of the country, the ministry of co...

18 firms get ISO certificates

18 firms get ISO certificates

FE REPORT 2022-12-15 09:43:17

Some 18 companies received 20 ISO certificates from the Bangladesh Standards and Testing Institution (BSTI) on Wednesday for ensuring international management standard. BSTI Director General Abdus...

Govt to buy 27.5m litres of soybean oil for TCB

Govt to buy 27.5m litres of soybean oil for TCB

FE REPORT 2022-12-15 09:41:49

The government has approved procuring 27.5 million litres of soybean oil for the Trading Corporation of Bangladesh (TCB) to sell among the people at subsidised prices. The cabinet committee on govern...

Min. or zero LC margin for Ramadan essentials

Min. or zero LC margin for Ramadan essentials

-- 2022-12-15 08:52:42

Minimum LC margin or LC zero margin has been allowed for importing essential commodities to meet consumption demands for next Ramadan, said Commerce Minister Tipu Munshi on Wednesday, reports UNB. Bu...

Indian OVL seeks more time for exploration

Indian OVL seeks more time for exploration

M AZIZUR RAHMAN 2022-12-15 08:43:39

The Indian oil-and gas-exploration company ONGC Videsh Ltd (OVL) has sought a further two-year extension of its production-sharing contract (PSC) tenure to carry out its committed exploration job. It...

Import scrutiny finds over-invoicing

Import scrutiny finds over-invoicing

DOULOT AKTER MALA 2022-12-15 08:39:20

A customs wing has detected numerous doubtful dealings in its initial scrutiny of trade-based irregularities, which are said to be linked to siphoning off foreign currencies, officials say. Trade mis...

Trade imbalances, inflation erode Bangladesh's GDP growth

Trade imbalances, inflation erode Bangladesh's GDP growth

FE REPORT 2022-12-15 08:33:49

Bangladesh's economic growth is further eaten up by external trade imbalances and unexpectedly high inflation, says the Asian Development Bank, lowering the rate below an earlier-forecast 6.6 per ce...

Apex partners with IHF School to provide school shoes, bags to underprivileged children

Apex partners with IHF School to provide school shoes, bags to underprivileged children

FE ONLINE DESK 2022-12-14 20:22:49

Apex Footwear Limited has partnered with the It’s Humanity Foundation (IHF) to support the underprivileged children of IHF School. According to a press release, an Apex team visited IHF School&...

Banks asked to levy minimum LC margin on rice, wheat imports

Banks asked to levy minimum LC margin on rice, wheat imports

-- 2022-12-14 16:30:24

Bangladesh Bank (BB) has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for rice and wheat to keep their prices at a tolerable level in the domestic ma...

Subaru recalls 271,000 US vehicles for fire risks

Subaru recalls 271,000 US vehicles for fire risks

-- 2022-12-14 13:28:11

Subaru on Tuesday said it was recalling 271,000 Ascent sport utility vehicles with model years between 2019 to 2022 due to increased fire risks and urged owners to park their vehicles outside unt...

SIBL receives 'Islamic Retail Banking Award’

SIBL receives 'Islamic Retail Banking Award’

FE ONLINE DESK 2022-12-14 13:06:09

Social Islami Bank Limited recently achieved ‘‘IRBA Excellence Award for Islamic Retail Banking in Bangladesh 2022” conferred by UK-based Cambridge IFA and Islamic Retail Banking Awa...

Boeing to keep pushing Congress to extend 737 MAX 10 deadline

Boeing to keep pushing Congress to extend 737 MAX 10 deadline

REUTERS 2022-12-14 12:55:12

Boeing Commercial Airplanes Chief Executive Stan Deal on Tuesday said the US planemaker will continue to push Congress to pass legislation for the Boeing 737 MAX 7 and MAX 10 to win certification even...

EBL, BIRDEM General Hospital sign agreement on POS service

EBL, BIRDEM General Hospital sign agreement on POS service

FE ONLINE DESK 2022-12-14 12:39:11

Eastern Bank Ltd (EBL) and BIRDEM General Hospital signed an agreement on Merchant POS acquiring services in the capital recently. M Khorshed Anowar, DMD and Head of Retail and SME Banking of Eastern...

New chicken variety released for farming

New chicken variety released for farming

FE REPORT 2022-12-14 09:03:40

Bangladesh Livestock Research Institute (BLRI) on Tuesday delivered a new chicken variety and a grass variety to the Department of Livestock Services (DLS) for release at farm levels. The meat-produc...