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The Financial Express

Search results for: Trade

Banks can change CEO's cars after eight yrs: BB

Banks can change CEO's cars after eight yrs: BB

FE REPORT 2022-12-08 08:02:24

The Bangladesh Bank (BB) has tightened rules, following which the banks will be able to replace cars and other vehicles - used by their chairman and chief executive officer (CEO) - after at least eigh...

Elon Musk loses title of world's richest man

Elon Musk loses title of world's richest man

-- 2022-12-07 22:56:36

Twitter owner and Tesla Inc boss Elon Musk lost his title as the world's richest person on Wednesday, according to Forbes, following his expensive bets to buy the social media firm and selling stocks...

BGMEA urges buyers to adopt win-win  strategies for mutual growth

BGMEA urges buyers to adopt win-win strategies for mutual growth

FE ONLINE REPORT 2022-12-07 21:29:06

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)  urged global brands and buyers to adopt strategies that promote growth of both sides, including manufacturers while moving forw...

Bangladesh stresses preferential RMG market access to US

Bangladesh stresses preferential RMG market access to US

FE ONLINE DESK 2022-12-07 15:35:44

Bangladesh has focused on preferential market access of the RMG exports to the United States at the sixth meeting of the US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA...

Tesla offers additional discount to Chinese buyers on some models

Tesla offers additional discount to Chinese buyers on some models

REUTERS 2022-12-07 12:39:47

Tesla is offering a limited time discount of 6,000 yuan ($859.20) to Chinese buyers on some models from Wednesday through to the end of 2022, a company representative said on Wednesday. This comes in...

Microfinance turns India's rural women into budding entrepreneurs

Microfinance turns India's rural women into budding entrepreneurs

FE ONLINE DESK 2022-12-07 12:25:49

Pulling out a shirt from a shelf at her shop in central India, Chandrawati Rajpoot recalls the sleepless nights she had after borrowing money from a loan shark - twice to pay for her sons'...

G7 Russian oil price cap evolves from revenue squeeze to market anchor

G7 Russian oil price cap evolves from revenue squeeze to market anchor

FE ONLINE DESK 2022-12-07 11:57:59

When US officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while...

Netflix co-CEO yet to see a path to profitability in 'renting big sports'

Netflix co-CEO yet to see a path to profitability in 'renting big sports'

REUTERS 2022-12-07 10:01:47

Netflix Inc co-Chief Executive Ted Sarandos on Tuesday said he has yet to see a path to profitability in live sports on the streaming service. Sarandos said the economics of professional sports were...

Nurul Qayyum Khan re-elected BICDA president

Nurul Qayyum Khan re-elected BICDA president

OUR CORRESPONDENT 2022-12-07 09:06:24

CHATTOGRAM: Bangladesh Inland Container Depots Associa-tion (BICDA) has unanimously re-elected Nurul Qayyum Khan its president for the 7th consecutive term. Nurul Qayyum Khan is also president of B...

Bangladeshis' unreported offshore wealth faces freeze

Bangladeshis' unreported offshore wealth faces freeze

FE REPORT 2022-12-07 08:56:58

Process gets going to freeze or confiscate unreported offshore wealth of Bangladeshi nationals with help of the governments of the countries where the assets were found as guidelines get approval. Of...

'Focus more on green energy transition'

'Focus more on green energy transition'

FE REPORT 2022-12-07 08:49:27

Further work is needed for green-energy transition with innovation through building a renewable energy-based power system for maximum coverage of energy demand. According to stakeholders, innovation...

Deficit in trade balance widens

Deficit in trade balance widens

JASIM UDDIN HAROON AND JUBAIR HASAN 2022-12-07 08:46:24

Bangladesh sees the deficit in its current account--the broadest measure of overseas trade and services flows--widen further recently to the effect of contraction in import capability. The current-...

Incentives for rice import may prolong

Incentives for rice import may prolong

DOULOT AKTER MALA 2022-12-07 08:44:08

Bangladesh may extend the tax benefit for import of rice by three months until March to contain price rises of the staple, particularly in the lean period before next harvest. Officials say the conti...

Rising Group celebrates its 25th anniversary

Rising Group celebrates its 25th anniversary

FE ONLINE REPORT 2022-12-06 19:32:07

Rising Group, a vertically integrated textile and apparel manufacturer in Bangladesh, celebrated its 25th anniversary recently. The company, which started its journey in 1997 in a small rented buildi...

Insurers contribute to bringing  positive changes in industry

Insurers contribute to bringing positive changes in industry

FE ONLINE DESK 2022-12-06 11:25:36

IDRA chairman Mohammad Jainul Bari has said insurance companies like Sonali Life try to maintain the optimum level of compliance, thus contributing to bringing about positive changes in the industry...

Regulator working to ‘keep mobile internet price at tolerable level’

Regulator working to ‘keep mobile internet price at tolerable level’

FE REPORT 2022-12-06 09:05:15

Post and Telecommunications Minister Mustafa Jabbar on Monday said the telecom regulator is working to keep mobile internet prices at a tolerable level. "We introduced unified broadband internet pric...

Leather trade show kicks off tomorrow

Leather trade show kicks off tomorrow

FE REPORT 2022-12-06 09:03:50

A three-day expo, styled 'Leathertech Bangladesh 2022', will begin tomorrow (Wednesday), aiming to give an impetus to the country's leather, leathergoods and allied sectors. Commerce Minister Tipu Mu...

Evaly asked to submit customer list, details about money stuck at payment gateways

Evaly asked to submit customer list, details about money stuck at payment gateways

FE REPORT 2022-12-06 08:58:34

The government has asked the crisis-stricken e-commerce platform Evaly to submit the list of its customers and details about the money stuck at payment gateways, officials said. The Ministry of Comme...

Low-paid workers face lack of access to care: Report

Low-paid workers face lack of access to care: Report

FE REPORT 2022-12-06 08:56:37

Low-paid migrant workers, including Bangladeshis, in the Gulf countries face lack of access to healthcare facilities, according to a new report. The GCC states' healthcare services are generally not...

One in five suffers workplace violence

One in five suffers workplace violence

FE REPORT 2022-12-06 08:52:40

More than one in five people (almost 23 per cent) in employment has experienced violence and harassment at work-be it physical, psychological or sexual, reveals a new joint report. The global first-o...

Bringing back laundered money: National body likely to decide work plan today

Bringing back laundered money: National body likely to decide work plan today

FE REPORT 2022-12-06 08:48:55

The National Coordination Committee on Anti-money Laundering and Combating Financing of Terrorism (AML/CFT) is set to hold a meeting today (Tuesday). The meeting is expected to decide its work plan f...

BGMEA president meets US State Department official to discuss RMG issues

BGMEA president meets US State Department official to discuss RMG issues

FE ONLINE REPORT 2022-12-05 22:12:11

A delegation of BGMEA headed by President Faruque Hassan met with Ms. Ania Canavan, Economic Unit Chief, State Department Office of Bangladesh, Nepal, Sri Lanka, Maldives, and Bhutan Affairs at a hote...

Vodafone CEO Nick Read to step down

Vodafone CEO Nick Read to step down

-- 2022-12-05 15:03:32

Nick Read will step down as head of Vodafone by the end of the year and be replaced on an interim basis by his finance director, bringing an end to a four-year tenure marked by a near halving of...

10 trade bodies selected for textile awards

10 trade bodies selected for textile awards

FE REPORT 2022-12-05 10:33:01

A total of 10 trade bodies have been selected for awards for their contribution to development of the country's textiles sector, said Textiles and Jute Minister Golam Dastagir Gazi on Sunday. "We (th...

Tourism expo kicks off in Ctg Jan 5

Tourism expo kicks off in Ctg Jan 5

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-12-05 10:28:14

A three-day travel and tourism fair will be held in the port city, one of the tourist hubs in the country, in January next with the aim of boosting the country's tourism industry and showcasing Bangla...

Brazil's Vinicius Jr looking to terminate Nike deal, report says

Brazil's Vinicius Jr looking to terminate Nike deal, report says

REUTERS 2022-12-05 10:06:18

Brazil's Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc, website UOL reported on Sunday, saying the player feels he has been getting unfair treatment fr...

Ensure compliance, good governance in banking

Ensure compliance, good governance in banking

FE REPORT 2022-12-05 08:48:58

Ensure compliance and good governance in discharging the banking jobs, the central bank asks bankers in a package direction amid reports on massive loan irregularities. While spelling out the dos,...

Pseudo 'foreign' companies cashing in on EPZ privileges

Pseudo 'foreign' companies cashing in on EPZ privileges

DOULOT AKTER MALA 2022-12-05 08:46:33

Customs sleuths have dug out abuse of fiscal bounties in Bangladesh's Export Processing Zones (EPZs) by pseudo firms using 'foreign company' tag and also money laundering, officials say. Pecuniary of...

Bangladesh Bank says it fully guarantees customers’ deposits at IBBL

Bangladesh Bank says it fully guarantees customers’ deposits at IBBL

-- 2022-12-04 21:32:10

Bangladesh Bank has said the depositors of Islami Bank Bangladesh Limited (IBBL) have nothing to worry about regarding their money. Central bank’s Executive Director and Spokesperson Md. Mezbau...

Tipu expects sugar prices to drop in line with import duty

Tipu expects sugar prices to drop in line with import duty

-- 2022-12-04 21:31:19

The National Board of Revenue (NBR) has been requested to take steps towards reducing the import duty on sugar, Commerce Minister Tipu Munshi said on Sunday.  The price of sugar will come down a...