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The Financial Express

Search results for: Trade

US military firms likely to face China rare earth restrictions

US military firms likely to face China rare earth restrictions

-- 2019-06-17 14:57:27

Military equipment firms in the United States will likely have their supply of Chinese rare earths restricted, the Global Times said on Monday, after China's state economic planner confirmed industry...

Trade gap reduces in July-April by 10pc

Trade gap reduces in July-April by 10pc

FE Online Report 2019-06-17 14:10:24

The country’s merchandise trade gap with the rest of the world reduced by 10.43 per cent during the first 10 months of the current fiscal year (FY19). The latest statistics released by the cent...

BIDA offers safe policy for foreign investors

BIDA offers safe policy for foreign investors

FE Online Desk 2019-06-17 14:02:18

Bangladesh Auto Industries Ltd will manufacture environment-friendly two-wheeler, three-wheeler and four-wheeler cars within March-April of next year. Managing Director of the company Mir Masud Kabir...

Bangladesh to export 0.2-0.3m tonnes of rice to Philippines

Bangladesh to export 0.2-0.3m tonnes of rice to Philippines

FE Report 2019-06-17 11:03:32

Agriculture Minister Dr Muhammad Abdur Razzaque on Sunday said the country is likely to export 0.2 to 0.3 million (two-three lakh) tonnes of rice to the Philippines. He made the announcement at a s...

US chipmakers quietly lobby to ease Huawei ban

US chipmakers quietly lobby to ease Huawei ban

-- 2019-06-17 10:19:33

Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the US government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical go...

Marine drive still lies unutilised

Marine drive still lies unutilised

Munima Sultana 2019-06-17 10:16:08

The world's longest marine drive from Cox's Bazar to Teknaf along the Bay of Bengal remains unutilised two years after its completion due to 'faulty planning'. The 80-kilometre driveway was built a...

Govt set to ink maiden coal import deal today

Govt set to ink maiden coal import deal today

M Azizur Rahman 2019-06-17 10:12:02

Indonesia's PT Bayan Resources is set to supply around 4.0 million tonnes of coal annually for generating electricity in the 1,320-megawatt (MW) coal-fired thermal power plant at Payra in Patuakhali...

Plastic product manufacturers demand withdrawal of VAT

Plastic product manufacturers demand withdrawal of VAT

-- 2019-06-16 21:12:37

Manufacturers of plastic goods have demanded withdrawal of value added tax (VAT) imposed on the plastic items, except tiffin box and water bottle, in the proposed national budget for 2019-20 fiscal ye...

BGMEA demands cash incentive to be raised to 3.0pc

BGMEA demands cash incentive to be raised to 3.0pc

-- 2019-06-16 19:19:17

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) demanded 3.0 per cent cash incentive for the garment sector instead of 1.0 per cent which was proposed in the budget for 2019-20 fisc...

SJIBL inks deal with  InterContinental

SJIBL inks deal with InterContinental

FE Online Desk 2019-06-16 14:03:29

Shahjalal Islami Bank Limited signed an agreement with InterContinental Dhaka, Bangladesh recently at Bank’s Corporate Head Office. The Managing Director & CEO of Shahjalal Islami Bank Ltd....

SBL training on “SME, Agriculture & Retail Credit”

SBL training on “SME, Agriculture & Retail Credit”

FE Online Desk 2019-06-16 12:13:45

Mr Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited, inaugurated a three-day long training on “SME, Agriculture & Retail Credit” for Credit Officers of SBL, orga...

ICAB seminar on Finance Bill-2019 today

ICAB seminar on Finance Bill-2019 today

FE Online Desk 2019-06-16 11:22:07

The Institute of Chartered Accountants of Bangladesh (ICAB) arranged a seminar on ‘Salient Features of Finance Bill 2019’ today (16 June 2019) at 5:30 pm at CA Bhaban, 100 Kazi Nazrul Isla...

BASIC Bank inks deal with Square Hospitals

BASIC Bank inks deal with Square Hospitals

FE Online Desk 2019-06-16 11:14:29

An agreement was signed between BASIC Bank Limited and Square Hospitals Ltd. recently. Mr. Ahmad Hossain, Managing Director (Additional Charge) of BASIC Bank Ltd. and Md. Esam Ebne Yousuf Siddique, C...

Jewellers hike gold prices

Jewellers hike gold prices

FE Report 2019-06-16 10:30:41

Gold prices have been increased by Tk 100 per gram in the local market following a hike in its global rates. Per gram of 22-carat gold was fixed at Tk 4,400, up by Tk 100 from the previous price se...

India slaps counter tariffs on 28 US goods

India slaps counter tariffs on 28 US goods

-- 2019-06-16 10:02:17

India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi. The new duti...

Agricultural growth rate drops in FY  2019

Agricultural growth rate drops in FY 2019

Yasir Wardad 2019-06-16 09:28:33

The sectoral growth of agriculture, especially that of crop, in terms of the country's gross domestic product (GDP) dropped in the outgoing fiscal year (FY'19). Experts attributed it to a steep fall...

TIN must for property transfer valued at Tk 0.1m or above

TIN must for property transfer valued at Tk 0.1m or above

FE Report 2019-06-16 09:22:08

Buyers and sellers of immovable properties have to mention their tax identification numbers (TINs) while transferring their assets if the deed value is Tk 0.1 million or above, according to the budget...

Huawei delays launch of folding smartphone

Huawei delays launch of folding smartphone

-- 2019-06-15 18:27:27

Huawei has delayed the launch of the Mate X folding handset until September, having originally planned to launch it this summer. The firm said it wanted to conduct extra tests following screen proble...

'No need to worry about expired medicines in market'

'No need to worry about expired medicines in market'

-- 2019-06-15 17:37:34

The Bangladesh Association of Pharmaceutical Industries (BAPI) does not see ‘any reason to panic’ at the news of drugs past their expiration dates being available in the market. "Drugs ca...

BIBM recognizes SIBL official as Trade Expert

BIBM recognizes SIBL official as Trade Expert

FE Online Desk 2019-06-15 14:14:06

Bangladesh Institute of Bank Management (BIBM) recognized Md. Mazadul Hoque, an official of Social Islami Bank Ltd (SIBL) as a Certified Expert in Trade Services, said a statement.  BIBM recentl...

EBL organises training for women entrepreneurs

EBL organises training for women entrepreneurs

FE Online Desk 2019-06-15 13:07:35

EBL Women Banking organized a 4-day programme in association with SME Foundation and Chittagong Women Chamber of Commerce and Industry (CWCCI) recently. A total of 30 women entrepreneurs attended. M...

MoU signed on co-building China-S Asia biz coop database

MoU signed on co-building China-S Asia biz coop database

FE Online Desk 2019-06-15 12:53:09

Mr. Nizamuddin Rajesh, vice president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), attended the 14th China South Asia Business Forum held in Kunming, China. A Cooperation Me...

Dollar hits historical high at Rs157 in Pakistan

Dollar hits historical high at Rs157 in Pakistan

-- 2019-06-15 10:23:40

The value of the US dollar against the rupee touched another all-time high for the second consecutive day, reaching Rs156.80 in the interbank market after an increase of Rs2.80 on Friday. The greenba...

Petrobangla counting Tk 20b monthly loss

Petrobangla counting Tk 20b monthly loss

M Azizur Rahman 2019-06-15 10:01:17

Petrobangla counts a monthly loss of Tk 20 billion for importing LNG (liquefied natural gas) from international market and selling the fuel at current prices in the local market. "We're losing Tk 620...

India set to levy higher tariffs on some US goods

India set to levy higher tariffs on some US goods

-- 2019-06-14 19:30:14

India is preparing to impose higher tariffs on some US goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington’s withdrawal of...

Huawei wins award for best 5G network

Huawei wins award for best 5G network

-- 2019-06-14 18:41:55

Huawei's 5G intelligent and simplified core network solution won "Best 5G Core Network Technology" Award at the 5G World Summit-2019 held in London recently. 5G will bring many changes to industries...

Risk looms in Southeast Asian economies amid industrial transfer from trade war

Risk looms in Southeast Asian economies amid industrial transfer from trade war

Global Times 2019-06-14 17:45:09

Due to China's dwindling demographic dividend, rising production costs, and environmental protection pressure, many Chinese and foreign-invested companies in recent years have relocated their Chinese...

China builds world's largest credit reporting system to achieve orderly society

China builds world's largest credit reporting system to achieve orderly society

Global Times 2019-06-14 17:39:18

China has built the world's largest credit reporting system, which will serve as a basic information provider for the construction of a nationwide social credit system that helps trace individuals' ec...

US to push for local markets access in India

US to push for local markets access in India

-- 2019-06-13 12:53:55

The United States is open to dialogue to resolve trade differences with India by allowing American companies more access to Indian markets, US Secretary of State Mike Pompeo said on Wednesday ahead of...

US government posts $208 billion deficit in May

US government posts $208 billion deficit in May

-- 2019-06-13 10:16:32

Washington posted a $208 billion budget deficit in May as a modest increase in revenues failed to make up for higher spending on the military and social welfare programs like Medicare, according to da...