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The Financial Express

Search results for: Trade

Amazon to create 1,800 jobs in France

Amazon to create 1,800 jobs in France

Reuters 2019-07-02 14:53:46

US online retail giant Amazon said on Tuesday it will create 1,800 permanent contract positions this year in France, its largest European market after Britain and Germany, although furniture retailer...

China trade deal has to be in US favour: Trump

China trade deal has to be in US favour: Trump

-- 2019-07-02 13:29:55

President Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favour of the United States. Trump and Chinese President Xi Jinping a...

Guardian Life Ins customers to pay fees online through BRAC Bank

Guardian Life Ins customers to pay fees online through BRAC Bank

FE Online Desk 2019-07-02 13:05:15

BRAC Bank Limited and Guardian Life Insurance Limited have signed an agreement for online payment gateway.   The agreement will enable Guardian Life Insurance customers to pay policy fees onlin...

BRAC Bank, new venture of Meghna Group ink deal

BRAC Bank, new venture of Meghna Group ink deal

FE Online Desk 2019-07-02 12:39:19

  BRAC Bank Limited and Mohammad & Sons, a new venture of Meghna Group, have entered into a partnership agreement.   Mohammad and Sons is one of the watch boutiques in Bangladesh with...

IBBL launches EMV Chip Card

IBBL launches EMV Chip Card

FE Online Desk 2019-07-02 12:23:45

Islami Bank Bangladesh Limited has launched EMV Chip Card. Md. Mahbub ul Alam, Managing Director & CEO of the bank, inaugurated the card as the chief guest at Islami Bank Tower recently. Anatoly...

Uncertainty over drilling at three gas fields

Uncertainty over drilling at three gas fields

-- 2019-07-02 11:51:37

An Azerbaijan firm has planned to terminate its contract with Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) halfway through, making its drilling works at three gas fields uncerta...

China says only a few firms shifting supply chains

China says only a few firms shifting supply chains

-- 2019-07-02 11:22:19

Only a small number of companies are moving supply chains out of China, a commerce ministry official said on Tuesday, amid signs that some firms are shifting production to other countries as the US-Ch...

BIDA one-stop phase-2 work to end by Sept

BIDA one-stop phase-2 work to end by Sept

Saif Uddin 2019-07-02 10:48:24

The second phase work of virtual One-Stop Service (OSS) under the Bangladesh Investment Development Authority (BIDA) is scheduled to be completed by September, officials said. After that, investo...

Review of projects under Indian LoCs tomorrow

Review of projects under Indian LoCs tomorrow

FHM Humayan Kabir 2019-07-02 10:15:11

Officials of Bangladesh and India will sit tomorrow (Wednesday) in Dhaka to review the progress of projects taken up under the three Indian lines of credit (LoCs), officials said on Monday. The meeti...

Operating profits of PCBs rise despite NPLs

Operating profits of PCBs rise despite NPLs

Siddique Islam 2019-07-02 09:38:42

Operating profits of the country's private commercial banks (PCBs) showed an upturn in the first six months (H1) of this calendar year (2019) although the volume of classified loans in the banking sec...

‘Showcase Bangladesh’ in Kuala Lumpur on July 11

‘Showcase Bangladesh’ in Kuala Lumpur on July 11

-- 2019-07-01 19:15:59

The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is going to organise the “4th Showcase Bangladesh-Go Global” in Kuala Lumpur on July 11 for promoting Bangladeshi products...

Over 7,000 cars registered in Jan-May: BRTA

Over 7,000 cars registered in Jan-May: BRTA

FE Online Report 2019-07-01 18:22:47

Car (sedan, hatchback, station wagon, SUV) registrations stood at 7,277 in the first five months of the current calendar year, according to official data. Of the total, 6,476 cars were registered in...

Power tariff hike unlikely: BERC chairman

Power tariff hike unlikely: BERC chairman

FE Online Desk 2019-07-01 14:15:49

The increase in gas tariffs may not contribute to that in power tariffs this time contrary to the usual practice, the energy regulatory agency's boss has said. "We may not need to increase power tari...

SIBL opens branch at Chowmuhani, Ctg

SIBL opens branch at Chowmuhani, Ctg

FE Online Desk 2019-07-01 12:23:53

Social Islami Bank Limited (SIBL) inaugurated its Sheikh Mujib Road Branch on 30 June 2019 at Sheikh Mujib Road, Chowmuhani, Chattogram. Professor Md. Anwarul Azim Arif, Chairman of Social Islami Ban...

Oil jumps as Saudi, Russia back supply cuts

Oil jumps as Saudi, Russia back supply cuts

-- 2019-07-01 11:47:05

Oil prices rose more than $1.0 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna. Front-month...

Citi celebrates 14th Annual Global Community Day

Citi celebrates 14th Annual Global Community Day

FE Online Desk 2019-07-01 11:44:54

Citibank, N.A., Bangladesh celebrated its 14th annual Global Community Day with more than 70 Citi volunteers in Dhaka and Chattogram on Saturday.   Citi employees along with partners, family an...

Govt set to approve draft SME Policy-2019 today

Govt set to approve draft SME Policy-2019 today

Talha Bin Habib 2019-07-01 11:37:50

The government is set to approve the draft SME Policy - 2019 today (Monday), offering special policy and institutional support to boost the potential sector. The Ministry of Industries (MoI) has al...

Dhaka likely to have first colour-coded bus service

Dhaka likely to have first colour-coded bus service

Munima Sultana 2019-07-01 10:24:12

Dhaka city is likely to have the first colour-coded bus service on Mohammadpur-Motijheel route, as all the existing bus operators agreed to merge into one company, sources said. The operators concern...

New sales to Huawei not to cover all: White House official

New sales to Huawei not to cover all: White House official

-- 2019-07-01 10:23:28

President Donald Trump’s decision to allow expanded sales of US technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and...

BERC raises gas prices from today

BERC raises gas prices from today

FE Report 2019-07-01 09:37:02

The gas consumers will have to count an additional 32.8 per cent higher tariff on an average from the first day of the fiscal year (FY), 2019-20, as the energy regulator has announced the 'biggest-eve...

Tax on MS rod cut after demand from steel lobby

Tax on MS rod cut after demand from steel lobby

Doulot Akter Mala 2019-07-01 09:32:50

The government has slashed the tax on the import of mild steel (MS) rod to Tk 1,000 per tonne, though it was increased from the tariff value. Until Sunday, the tariff value was Tk 900. In the budg...

10 banks' capital shortfall hit Tk 183b in Q1

10 banks' capital shortfall hit Tk 183b in Q1

FE Report 2019-07-01 09:29:19

Ten banks, including six state lenders, suffered a total capital shortfall of over Tk 183 billion in the first quarter (Q1) of the year as rising troubled loans wiped out their profits. The banks-fou...

Businesses oppose ‘high’ gas tariff hike

Businesses oppose ‘high’ gas tariff hike

FE Report 2019-06-30 22:01:41

Trade-bodies of different export-oriented industries, including textile and ready-made garment (RMG), strongly opposed the gas tariff hike by the government on Sunday, saying it will create an adverse...

Japan to provide Tk 110b for Matarbari power project

Japan to provide Tk 110b for Matarbari power project

-- 2019-06-30 19:01:21

Japan will provide Tk 110 billion for the Matarbari Ultra Super Critical Coal-Fired Power Project at Moheshkhali in Cox’s Bazar in Bangladesh. Bangladesh and Japan signed Exchange of Notes and...

SIBL opens Rangunia branch

SIBL opens Rangunia branch

FE Online Desk 2019-06-30 13:01:43

Social Islami Bank Limited (SIBL) has inaugurated its Rangunia branch recently at Gochra Bazar, Rangunia, Chattogram. Professor Md. Anwarul Azim Arif, Chairman of Social Islami Bank Limited, and form...

Perfee officially launched in Bangladesh

Perfee officially launched in Bangladesh

FE Online Desk 2019-06-30 12:42:08

International electronic trading platform Perfee has been officially launched in Bangladesh with an aim to facilitate e-commerce services for all. Founder of Perfee, Michel Wu introduced the service...

SBL training on “Internal Credit Risk Rating System”

SBL training on “Internal Credit Risk Rating System”

FE Online Desk 2019-06-30 12:27:37

Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited, inaugurated a day-long training on “Internal Credit Risk Rating System” for Branch Managers, organized by Standard...

Trump policy on China counterproductive: Experts

Trump policy on China counterproductive: Experts

-- 2019-06-30 11:29:03

Scores of Asia specialists, including former US diplomats and military officers, want President Donald Trump to rethink policies that "treat China as an enemy," warning the approach could hurt US inte...

China warns of long road ahead for deal with US

China warns of long road ahead for deal with US

-- 2019-06-30 10:29:54

China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ pre...

Low paddy prices discourage farmers to cultivate Aman

Low paddy prices discourage farmers to cultivate Aman

FE Report 2019-06-30 10:22:48

After free fall in Boro paddy prices, farmers are showing little interest to cultivate rice this Aman season fearing further losses. Aman is the second-largest cropping season that contributes 38 per...