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The Financial Express

Search results for: Trade

Even rough weather couldn’t halt Nagad disbursing allowances in coastal part

Even rough weather couldn’t halt Nagad disbursing allowances in coastal part

FE ONLINE REPORT 2022-08-01 13:08:03

During the summer, the sea turns tumultuous. Even fishermen are likewise hesitant to set sail in that weather. But at that time, several staff of Nagad, a disruptive mobile financial service carrier o...

Shenzhen accelerates China's driverless car dreams

Shenzhen accelerates China's driverless car dreams

REUTERS 2022-08-01 12:50:14

On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game. T...

'Diversify export basket, lower import to stabilise currency'

'Diversify export basket, lower import to stabilise currency'

FE REPORT 2022-08-01 12:03:46

Prime Minister's Private Industry and Investment Adviser Salman F Rahman on Sunday stressed the need for diversifying the export basket and lowering imports to stabilise the currency. He said the aus...

BD’s maiden digital factoring marketplace TREDX launched

BD’s maiden digital factoring marketplace TREDX launched

FE REPORT 2022-08-01 11:55:55

The country's first-ever digital factoring marketplace - TREDX - formally began its journey at a function in a city hotel on Sunday - to leverage technology in delivering supply chain financing soluti...

TCB sales drive begins today

TCB sales drive begins today

FE REPORT 2022-08-01 10:03:29

The government is set to launch a sales drive of key essential items today (Monday), meant for around 10 million families. The state-owned Trading Corporation of Bangladesh (TCB) will sell essential...

Company, admiralty disputes: E-filing gains popularity

Company, admiralty disputes: E-filing gains popularity

 SAJIBUR RAHMAN 2022-08-01 09:09:16

Bangladesh's e-filing (electronic filing) system for company and admiralty matters is gaining popularity as a good number of such disputes have been filed over the period of last seven months. The sy...

Import falls following forex austerity

Import falls following forex austerity

SIDDIQUE ISLAM 2022-08-01 08:23:20

Bangladesh's imports plummet following regulatory measures to ease pressure of import-payment obligations and thus buttress country's falling foreign-exchange reserves, officials say. The opening of...

China becomes Bangladesh's top trading partner again

China becomes Bangladesh's top trading partner again

JASIM UDDIN HAROON 2022-08-01 08:06:45

Economic superpower China emerges as top trading partner of Bangladesh again, in May official ranking, outbidding next-door neighbour India's peak position in consecutive two months. According to Ban...

Tanmi Haque becomes HSBC’s head of retail banking in Bangladesh

Tanmi Haque becomes HSBC’s head of retail banking in Bangladesh

-- 2022-07-31 20:39:00

Tanmi Haque has been appointed country head of retail banking for HSBC’s Bangladesh operations. She succeeds Ahmed Saiful Islam, who is moving to a new regional role in HSBC Hong Kong. Ta...

City Bank holds Earning Disclosure Q2 2022

City Bank holds Earning Disclosure Q2 2022

FE ONLINE DESK 2022-07-31 11:44:37

City Bank organised its Earnings Disclosure web cast event based on Q2, 2022 financial performances recently. Existing and potential investors across the globe, researchers and analysts and many othe...

Make sure RMG makers use local man-made fibre: BTMA

Make sure RMG makers use local man-made fibre: BTMA

Monira Munni 2022-07-31 10:31:23

The country's primary textile millers called on the government to provide cash incentive for exporters of readymade garment (RMG) items made from man-made fibre (MMF) only after ensuring that they use...

Nagad partners with MetLife for employee insurance

Nagad partners with MetLife for employee insurance

-- 2022-07-30 17:59:20

Mobile financial services (MFS) provider Nagad has teamed up with MetLife to provide its employees with the financial protection of insurance. Nagad employees and their dependents (spouse and childre...

How Singapore is turning multi-storey car parks into farms

How Singapore is turning multi-storey car parks into farms

BBC 2022-07-30 12:09:20

Eyleen Goh runs a farm from the top deck of a car park in Singapore. And this is not a small operation - it supplies nearby retailers with up to 400kg of vegetables a day, she says....

Elon Musk files countersuit under seal vs Twitter over $44 bln deal

Elon Musk files countersuit under seal vs Twitter over $44 bln deal

-- 2022-07-30 10:57:59

Elon Musk countersued Twitter on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confid...

GP, Banglalink do better than others

GP, Banglalink do better than others

FE REPORT 2022-07-30 10:50:38

Grameenphone (GP) and Banglalink outperformed the country's other operators in mobile network experience, according to a report of Opensignal, a UK-based independent global standard for analysing cons...

OLM system yields little outcome

OLM system yields little outcome

REZAUL KARIM 2022-07-30 08:53:33

The online licensing module (OLM) system for making certain export-import services has yielded little three years into its adoption. Factors like poor documentation management, lack of skilled IT pro...

Chicken, fish, lentil get pricier

Chicken, fish, lentil get pricier

FE REPORT 2022-07-30 08:46:28

Chicken, fish and lentil prices increased further last week while most of the consumers were yet to get edible oil at reduced rate. The price of broiler chickens which fell in the second week of July...

MS rod prices drop slightly in local market

MS rod prices drop slightly in local market

SAIF UDDIN 2022-07-30 08:37:24

Prices of mild steel (MS) rod, a key building construction material, slightly decreased in the local market - mainly due to sluggish demand and a slash in prices of raw materials, traders said. Howev...

Security code compliance mandatory for port users

Security code compliance mandatory for port users

FE REPORT 2022-07-30 08:08:21

All stakeholders of Chittagong port have been asked to completely comply with the set international security code as a US coastguard inspection team will visit the seaport soon, officials say, followi...

Sony trims profit forecast on weaker gaming outlook

Sony trims profit forecast on weaker gaming outlook

REUTERS 2022-07-29 14:08:43

Japan's Sony Group Corp on Friday cut its annual operating profit forecast by 4 per cent to 1.11 trillion yen ($8.37 billion) as it lowered expectations for its key gaming unit. Sony also posted a 9....

Crypto platform Zipmex files for bankruptcy protection in Singapore

Crypto platform Zipmex files for bankruptcy protection in Singapore

REUTERS 2022-07-29 11:25:20

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-base...

Billionaire Jack Ma plans to cede control of China's Ant Group

Billionaire Jack Ma plans to cede control of China's Ant Group

-- 2022-07-29 10:19:17

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a force...

UAE mkt holds out export potential for jute goods

UAE mkt holds out export potential for jute goods

ARAFAT ARA 2022-07-29 08:48:43

The United Arab Emirates (UAE) has emerged as a potential market for Bangladeshi jute goods, as the Arab nation has planned to gradually phase out different plastic-made products, including bags, offi...

Mongla port flags off garment shipment

Mongla port flags off garment shipment

-- 2022-07-29 08:47:27

For the first time, a shipment of garments produced in Bangladesh has been shipped abroad from Mongla port, opening a new avenue for the export sector in the country, reports bdnews24.com. The Maersk...

Dollar steady on kerb market

Dollar steady on kerb market

SIDDIQUE ISLAM 2022-07-29 08:37:35

The exchange rate of cash dollar against taka on the open market, known as kerb market, remained mostly unchanged on Thursday as the regulatory drive on money changers continues. Market operators s...

Gas fund goes for LNG import

Gas fund goes for LNG import

M AZIZUR RAHMAN 2022-07-29 08:35:45

The government gives Tk 20 billion from gas development fund (GDF), meant for extracting the domestic fossil fuel, to Petrobangla to spend on LNG imports from the volatile international market. Sourc...

Petrobangla to get Tk 20b to import LNG

Petrobangla to get Tk 20b to import LNG

-- 2022-07-28 21:05:16

The Finance Ministry has given its consent to provide Tk 20.0 billion to the Petrobangla from Gas Development Fund (GDF) to import liquefied natural gas (LNG). An official order reveals that as per t...

Insurance companies in Bangladesh not fully compliant with IFRS: Speakers

Insurance companies in Bangladesh not fully compliant with IFRS: Speakers

-- 2022-07-28 19:50:44

The Insurance companies in Bangladesh are preparing their financial statements in accordance with Insurance Act (1938) and Rules (1958) which are not fully compliant with the International Financial R...

Nuhash Humayun, Sunerah Binte Kamal wear Aarong at international film festival

Nuhash Humayun, Sunerah Binte Kamal wear Aarong at international film festival

-- 2022-07-28 18:56:51

Film director Nuhash Humayun and actor Sunerah Binte Kamal of ‘Moshari’ brought home the ‘Jury’s Choice Award’ at the 26th Bucheon International Fanta...

AB Bank inks MoU with ICAB on DVS

AB Bank inks MoU with ICAB on DVS

FE ONLINE DESK 2022-07-28 18:41:10

The Institute of Chartered Accountants of Bangladesh (ICAB) and AB Bank Limited have signed a MoU to get access to use the Document Verification System (DVS) to verify the authenticity of audited fi...