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The Financial Express

Search results for: Trade

Huawei challenges US defence bill

Huawei challenges US defence bill

-- 2019-05-30 10:00:52

China’s Huawei Technologies Co Ltd has filed a legal motion seeking to declare a US defence law unconstitutional, in the telecom equipment maker’s latest bid to fight sanctions from Washin...

China ready to hit back  at US with rare earths

China ready to hit back at US with rare earths

-- 2019-05-30 00:50:54

China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions be...

VAT registration will be mandatory for internet giants from July 1

VAT registration will be mandatory for internet giants from July 1

-- 2019-05-29 17:29:38

The internet giants — such as Facebook, Google, Youtube — and other digital platforms will have to file VAT registration to run business in Bangladesh once the new Value Added Tax (VAT) la...

Boeing 737 MAX may not return to service until August

Boeing 737 MAX may not return to service until August

Reuters 2019-05-29 14:48:49

The International Air Transport Association (IATA) expects it could take until August before the Boeing Co 737 MAX returns to service, the airline group’s head said on Wednesday, adding that the...

Emirates creates ‘Stadium in the Sky’

Emirates creates ‘Stadium in the Sky’

FE Online Desk 2019-05-29 13:05:11

Emirates Airline will live stream the UEFA Europa League Final today, May 29 and the UEFA Champions League Final on June 1 on the dedicated in flight sports channel, Sport 24. With two all-English fi...

Remittance inflow up through bKash ahead of Eid-ul-Fitr

Remittance inflow up through bKash ahead of Eid-ul-Fitr

FE Online Desk 2019-05-29 11:12:12

Remittance inflow marked a rise through bKash ahead of Eid-ul-Fitr, the largest religious festival of the country. In the first 15 days of Ramadan, the country has received remittance through bKash, a...

Authorities reject 46pc applications for TU registration in RMG sector

Authorities reject 46pc applications for TU registration in RMG sector

FE Report 2019-05-29 10:33:47

The authorities concerned have rejected 46 per cent of the applications seeking trade union (TU) registration in the country's readymade garment (RMG) factories from 2010 to 2018, according to a lat...

Local airlines too small to ferry Eid home-goers

Local airlines too small to ferry Eid home-goers

FE Report 2019-05-29 10:29:29

Local airlines are bracing for a big rush of home-bound passengers ahead of Eid-ul Fitr, expected to be celebrated in the country on June 5 or 6. To cope with the increased number of passengers, th...

e-passports from July

e-passports from July

Mir Mostafizur Rahaman 2019-05-29 10:10:21

Electronic or e-passport distribution will start on a limited scale in July this year, top officials of home ministry have said. Home minister Asaduzzaman Kamal said earlier the distribution of digit...

Banks’ asset quality worsens on rising NPL ratio in SoCBs

Banks’ asset quality worsens on rising NPL ratio in SoCBs

FE Report 2019-05-29 09:54:52

Asset quality of the country's banking sector deteriorated in the last calendar year as the gross non-performing loan (NPL) ratio showed an upward trend throughout the year, according to the central b...

Japan may drop Matarbari power plant project

Japan may drop Matarbari power plant project

FHM Humayan Kabir 2019-05-29 09:50:18

Japan is unlikely to sign a loan deal on the coal-fired Matarbari 1200MW thermal power plant project during the visit of Prime Minister Sheikh Hasina to that country. The possible negative impact of...

Air New Zealand to buy Boeing  787-10 jets worth $2.7 billion

Air New Zealand to buy Boeing 787-10 jets worth $2.7 billion

-- 2019-05-28 21:31:33

New Zealand Ltd. agreed to buy eight Boeing Co. 787-10 aircraft, worth $2.7 billion at list prices, to replace and upgrade its long-haul fleet, reports Gulf News. The Auckland-based airline also has...

104 auto tempos required in country, none in Dhaka

104 auto tempos required in country, none in Dhaka

FE Online Report 2019-05-28 18:21:02

Auto tempo registration in the country stood at 104 in the first four months of the current calendar year, according to the official data. However, no auto tempo was registered in Dhaka, according to...

FBCCI delegation flies to Japan

FBCCI delegation flies to Japan

-- 2019-05-28 18:05:29

A 51-member business delegation, led by Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Sheikh Fazle Fahim, flew for Tokyo in Japan on Tuesday to expand bilateral trade be...

Apparel sector seeks 5.0pc cash incentive on export receipts

Apparel sector seeks 5.0pc cash incentive on export receipts

FE Report 2019-05-28 14:48:35

The country's textile and clothing sector leaders have sought five per cent cash incentive on export receipts, regardless of destinations, for the next five years to help remain competitive in the glo...

Ctg Zone of Al-Arafah Islami Bank arranges Iftar Mahfil

Ctg Zone of Al-Arafah Islami Bank arranges Iftar Mahfil

FE Online Desk 2019-05-28 13:25:08

Chattogram Zone of Al-Arafah Islami Bank Ltd arranged an Iftar Mahfil and discussion on the values and significances of Ramadan at Navy Convention Center in the Tigerapass Ambagan area of ​​the port c...

IBBL hosts Iftar in honor of officers, employees

IBBL hosts Iftar in honor of officers, employees

FE Online Desk 2019-05-28 12:58:56

Islami Bank Bangladesh Limited organised a discussion on “Siam, Taqwa, Sadaqah and Waqf”  and Iftar Mahfil in honour of Officers and Employees of Head Office and Islami Bank Training...

Sindabad.com brings US$ 4.15m from Aavishkaar Frontier Fund

Sindabad.com brings US$ 4.15m from Aavishkaar Frontier Fund

FE Online Desk 2019-05-28 12:04:43

Sindabad.com, a Dhaka-based E-Commerce company promoted by Zero Gravity Ventures Limited, has secured US$ 4.15 million in Series A funding from Aavishkaar Frontier Fund (AFF), a venture fund managed b...

Fiat Chrysler, Renault pursue $35 billion merger

Fiat Chrysler, Renault pursue $35 billion merger

Reuters 2019-05-28 11:59:59

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest autom...

Battery makers to take part in Dubai trade fair

Battery makers to take part in Dubai trade fair

FE Report 2019-05-28 10:19:49

Two local battery manufacturers will participate in a three-day trade fair titled 'Automechanika Dubai 2019' scheduled to begin on June 10. Rahimafrooz Globatt and Panna Battery will attend the sho...

BD's financial sector suffers from 'knowledge mismatch'

BD's financial sector suffers from 'knowledge mismatch'

Ismail Hossain 2019-05-28 10:16:38

The financial sector of Bangladesh has 'knowledge mismatch' on both sides of the customers and service providers due to lack of knowing each other much, said a top executive of a market research fir...

BGMEA to look into alleged termination of workers

BGMEA to look into alleged termination of workers

FE Report 2019-05-28 09:49:51

The apex trade body of garment manufacturers has initiated a move to investigate the alleged termination of workers in the aftermath of recent labour unrest over the wage issue. The move came after t...

Metro-rail’s progress 18pc below target

Metro-rail’s progress 18pc below target

FHM Humayan Kabir 2019-05-28 09:43:38

Progress of the country's first metro-rail project (MRT-6) has fallen short of the respective target by some 18 per cent until last month (April), following the lowest implementation rate in the curre...

Move to make minimum import value state-neutral

Move to make minimum import value state-neutral

Doulot Akter Mala 2019-05-28 09:40:49

The National Board of Revenue (NBR) is set to review the existing country-specific minimum import value to make it state-neutral and include the minimal provision for faster customs clearance in the u...

Local industries can borrow from offshore banking

Local industries can borrow from offshore banking

Siddique Islam 2019-05-28 09:30:49

Local industrial enterprises are now allowed to receive foreign currency loans with lower interest rate from offshore banking operation of banks, officials said. Under the regulations, interested loc...

Oil steadies as trade fears balance Mideast tension

Oil steadies as trade fears balance Mideast tension

-- 2019-05-27 21:44:12

Oil steadied on Monday, trading below $69 a barrel, as concern over the US-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts, reports Reuters. F...

216 human haulers registered in Jan-Apr

216 human haulers registered in Jan-Apr

FE Online Report 2019-05-27 21:04:19

The number of human hauler registration in the country stood at 216 from January to April 2019, as per official data. However, no human hauler was registered in Dhaka, according to Bangladesh Road Tr...

Jamdani weavers in Narayanganj passing busy time ahead of Eid

Jamdani weavers in Narayanganj passing busy time ahead of Eid

-- 2019-05-27 17:32:37

Now things are more hectic for Jamdani weavers in different areas of Sonargaon in Narayanganj as they are working round the clock to make fashionable Jamdani sarees with newer designs as Eid shoppers...

Narail farmers happy with banana production, price

Narail farmers happy with banana production, price

-- 2019-05-27 16:32:49

In recent years, cultivation of bananas in Bangladesh has created a great buzz among farmers drawn by the lure of the higher profits it generates. The UN's Food and Agriculture Organization ranks ban...

Mercantile Bank holds training course in Ctg

Mercantile Bank holds training course in Ctg

FE Online Desk 2019-05-27 14:12:03

Mercantile Bank Training Institute recently organized a training course titled “Profiling Customers; KYC, TP & Risk Grading to Prevent Bank from Fraudulent Activities” in Chittagong....