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The Financial Express

Search results for: Trade

Adani's power to be 'very expensive'

Adani's power to be 'very expensive'

FE REPORT 2022-12-14 09:02:07

The Adani Godda coal-fired power plant, which is scheduled to start generation on Friday, will supply 'very expensive' electricity to Bangladesh, according to a new report. "It (Bangladesh) simply ca...

BD denim dominates global market

BD denim dominates global market

MONIRA MUNNI 2022-12-14 08:48:37

Bangladesh dominates the global denim market with its sustained position as top supplier to two major export destinations--the United States and the European Union-on high annualised growth. Exporter...

Businesses seek precise and evidence-based insights, says expert

Businesses seek precise and evidence-based insights, says expert

FE ONLINE DESK 2022-12-13 22:50:00

Businesses seek precise and evidence-based insights to help decide both their marketing strategy and implementation, says Deepender Rana, executive managing director, South Asia, Insights Division, Ka...

Apple's Japan investment crosses $100b, CEO Tim Cook visits chip epicentre

Apple's Japan investment crosses $100b, CEO Tim Cook visits chip epicentre

-- 2022-12-13 19:58:21

Apple Inc said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country's...

Traders get opportunity to import eight Ramadan items on deferred payment

Traders get opportunity to import eight Ramadan items on deferred payment

-- 2022-12-13 18:11:55

The Bangladesh Bank has given traders the opportunity to import eight Ramadan-exclusive items on a 90-day credit and open letters of credit with a minimum margin based on the bank-client relationship....

UK for strengthening trade ties with BD

UK for strengthening trade ties with BD

FE ONLINE REPORT   2022-12-13 16:50:16

British Minister for Indo-Pacific Anne-Marie Trevelyan said the UK looks forward to strengthening our bilateral ties with Bangladesh through trade, investment, and people-to-people links. T...

UK to strengthen trade, investment, digital economy ties with Bangladesh: Indo-Pacific Minister

UK to strengthen trade, investment, digital economy ties with Bangladesh: Indo-Pacific Minister

UNB 2022-12-13 13:56:55

British Minister for Indo-Pacific Anne-Marie Trevelyan has said the UK looks forward to continuing to strengthen their bilateral ties with Bangladesh through trade, investment, and people-to-people li...

BTMA seeks extension of EDF loan repayment tenure

BTMA seeks extension of EDF loan repayment tenure

FE REPORT 2022-12-13 09:04:30

Textile millers on Monday urged the Bangladesh Bank to extend the repayment tenure of loans from the Export Development Fund (EDF) up to 270 days as they often do not get payment from the exporters in...

Seven banks on Moody's review for downgrade

Seven banks on Moody's review for downgrade

FE REPORT 2022-12-13 09:01:51

Moody's Investors Service, a global integrated risk-assessment firm, has placed seven Bangladeshi banks' long-term ratings and assessments on review for downgrade. The US-based agency released its ra...

Bangabandhu tunnel to open to traffic in next March

Bangabandhu tunnel to open to traffic in next March

NAZIMUDDIN SHYAMOL 2022-12-13 08:58:37

CHATTOGRAM: The first-ever tunnel of the country under the river Karnaphuli will open to traffic in March next year. The tunnel was scheduled to open in the current month. Sources said, the constr...

Higher demand increases acreage of oil seeds

Higher demand increases acreage of oil seeds

Yasir Wardad 2022-12-13 08:55:46

Higher demand from edible oil mills and animal feed mills has notably increased oil-seed acreage in the country this year, said insiders. The country's total edible oil demand of 2.0-2.2 million tonn...

Govt set to launch $1.34b programme

Govt set to launch $1.34b programme

FHM HUMAYAN KABIR 2022-12-13 08:51:04

The government, with the support of the World Bank (WB) and the IFAD, is going to take up a US$ 1.34-billion programme for upgrading food nutrient values in agricultural products and rural transformat...

FBCCI seeks dollar support from reserve to import commodities for Ramadan

FBCCI seeks dollar support from reserve to import commodities for Ramadan

-- 2022-12-12 22:28:22

Business leaders have sought several facilities, including foreign exchange support from the foreign exchange reserve to import essential commodities and moratorium on loan repayments up to June 2023....

SSLCOMMERZ gets licence to process offline retail payment

SSLCOMMERZ gets licence to process offline retail payment

-- 2022-12-12 20:43:31

Bangladesh Bank (BB) has given a licence to SSLCOMMERZ Limited, an online payment gateway platform, to process offline payments, through a point of sale (POS) machine to boost a cashless society. As...

Bangladesh Bank appoints observers to IBBL and FSIBL

Bangladesh Bank appoints observers to IBBL and FSIBL

-- 2022-12-12 19:12:59

Bangladesh Bank has appointed observers to Islami Bank Bangladesh Limited (IBBL) and First Security Islami Bank Limited (FSIBL). The central bank took the decision on Monday amid reports of irregular...

Balipara Foundation honours BAT Chairman G Mainuddin with Lifetime Achievement Award

Balipara Foundation honours BAT Chairman G Mainuddin with Lifetime Achievement Award

-- 2022-12-12 18:50:55

Balipara Foundation has conferred Lifetime Achievement Award 2022 on Mr Golam Mainuddin, BAT Bangladesh chairman, for his outstanding contributions towards protecting and conserving the environment....

BSTI certification made mandatory for 10 more products

BSTI certification made mandatory for 10 more products

-- 2022-12-12 18:23:31

The Bangladesh Standards and Testing Institution (BSTI) has included 10 more products under its mandatory quality certificate, considering their growing demand. The products are disposable diapers, f...

Bangladesh, Japan to conduct feasibility study for signing FTA

Bangladesh, Japan to conduct feasibility study for signing FTA

-- 2022-12-12 17:54:07

Bangladesh and Japan on Monday jointly announced the launching of a feasibility study on the future signing of a Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) to boost the bilater...

HC leaves banks on their own choice to deal with Evaly

HC leaves banks on their own choice to deal with Evaly

FE ONLINE REPORT 2022-12-12 16:43:04

The High Court has left it to their own choice whether the banks and other stakeholders will have a transactional relationship with the problematic e-commerce platform Evaly Limited. However, the cou...

British trade minister to launch new round of talks with India

British trade minister to launch new round of talks with India

-- 2022-12-12 15:28:17

British trade minister Kemi Badenoch will hold her first face-to-face meeting with her Indian counterpart on Monday in New Delhi in an effort to spark life into talks over a free trade agreement...

Toyota to outline 3-year EV plan changes to suppliers

Toyota to outline 3-year EV plan changes to suppliers

REUTERS 2022-12-12 14:13:54

Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leader...

India's Tata Group to open 100 exclusive Apple stores: Report

India's Tata Group to open 100 exclusive Apple stores: Report

REUTERS 2022-12-12 12:52:03

Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will only sell Apple Inc products, the Economic Times newspaper reported on Monday, citing two people a...

Bangladesh may lose 6.0pc of potential trade due to restrictive data policies

Bangladesh may lose 6.0pc of potential trade due to restrictive data policies

FE ONLINE REPORT  2022-12-12 11:55:18

Bangladesh is likely to face 6 per cent loss in its potential trade volume in five years due to ‘data localisation’ policies, according to the Information Technology and Innovation Foundat...

NBR starts audit training for tax officials

NBR starts audit training for tax officials

FE REPORT 2022-12-12 09:20:20

The National Board of Revenue (NBR) has launched a higher audit training programme for income tax officials to enhance their capacity in auditing complex tax returns of large corporate taxpayers. T...

Well-trained, they now bargain for a better deal

Well-trained, they now bargain for a better deal

SAJIBUR RAHMAN, back from Sylhet 2022-12-12 09:17:50

Hundreds of underprivileged youths, who mostly lost their jobs during the Covid-19 pandemic in Bangladesh's north-eastern Sylhet region, are now being employed in various sectors after they received...

10 more products come under BSTI's mandatory quality certificate provision

10 more products come under BSTI's mandatory quality certificate provision

FE REPORT 2022-12-12 09:09:24

The Bangladesh Standards and Testing Institution (BSTI) included on Sunday 10 new products under its mandatory quality standard-certificate provision. The products are disposable diapers, face wash,...

Two-day gas turbine tech seminar begins

Two-day gas turbine tech seminar begins

FE REPORT 2022-12-12 09:05:32

A two-day gas-turbine-technology seminar organised by Mitsubishi Power kicked off at a city hotel on Sunday. The seminar aims at discussing the latest solutions and services in the power-generation i...

Chinese co appointed O&M contractor for Karnaphuli Tunnel

Chinese co appointed O&M contractor for Karnaphuli Tunnel

MUNIMA SULTANA 2022-12-12 08:57:40

The government has finally appointed a Chinese contractor for operation and maintenance (O&M) of the Karnaphuli Tunnel, revising a provision that 35 per cent of the five-year contract value of abo...

Hydrocarbon reserve in Bay: Multi-client survey set to start in December

Hydrocarbon reserve in Bay: Multi-client survey set to start in December

M AZIZUR RAHMAN 2022-12-12 08:54:44

The long-awaited multi-client survey to delineate hydrocarbon (HC) reserve in the Bay of Bengal is all set to start, as the contractor concerned - a Norway-US joint venture (JV) - has planned to initi...

No comforting prospect for frozen fish export

No comforting prospect for frozen fish export

MONIRA MUNNI 2022-12-12 08:50:20

Signs of a possible recovery of the forex-earning sector during the last two fiscal years from a decade-long downturn are fading out as the exports of frozen-fish products and live fish start falling...