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The Financial Express

Search results for: trade

Call to lower borrowing costs for smaller firms

FE REPORT March 08, 2020 10:06:20

Speakers at a programme on Saturday said lenders and digital financial technology service providers need to team up to help slash borrowing costs for smaller firms. They said cottage, small, and medi...

OPEC fails to secure deal with non-OPEC on oil cuts

-- March 07, 2020 16:32:07

OPEC has failed to secure a deal with Russia and other non-OPEC producers on its plans for big, additional oil production cuts, two OPEC sources said on Friday at talks between ministers from the info...

Lankabangla Finance participates SME Fair 2020

FE Online Desk March 07, 2020 14:56:03

To celebrate upcoming international women’s day, a four-day fair to promote women entrepreneurs and their products began at the Bangladesh Institute of Bank Management premises on Thursday. The...

City Bank signs deal with ClassTune

FE Online Desk March 07, 2020 14:47:21

City Bank signed an agreement with ClassTune to implement digital payment collection platform for schools & colleges across Bangladesh. The signing ceremony was held at the City Bank Head Office...

Dhaka Bank launches home loan product

FE Online Desk March 07, 2020 14:40:35

To assure to build the Dream Bangladesh of the Father of the Nation Bangabondhu Sheikh Mujibur Rahman, Dhaka Bank Limited has announced SOBAR JONNO BARI OFFER under its Home Loan product. Mr. Emranul...

Emirates waives date change, reissuance fees amid COVID 19 fears

FE Online Desk March 07, 2020 13:00:45

Emirates is providing customers more flexibility, choice and value through its newly introduced waiver policy for all booked tickets issued on or from today, 7 March until 31 March 2020. The new poli...

Crowds flock to SME product fair

FE REPORT March 07, 2020 12:12:10

Large crowds thronged the National SME Product Fair 2020 in the city on Friday, the third day of the expo, as nearly 300 entrepreneurs from across the country showcased their wares. Various types of...

Corporates' appetite for solar power grows

DOULOT AKTER MALA March 07, 2020 11:56:45

A number of large business groups have come across a new-found opportunity in rooftop solar power projects amid the rising prices of fossil fuel and power tariff. They are increasingly investing in s...

Boro farming set to slump

YASIR WARDAD March 07, 2020 11:10:01

Boro farming is set to decline this season as hundreds of farmers, upset about consistently low paddy and rice prices, have switched to other crops, said insiders. Market experts expressed deep conce...

BD to manufacture spare parts of motorcycle

TALHA BIN HABIB March 07, 2020 11:02:29

The government has taken an initiative to manufacture spare parts of motorcycles locally with intent to boost the national economy, officials said. The industries ministry has also drafted the 'Motor...

BKB seeks Tk 20b in refinancing

SYFUL ISLAM March 07, 2020 10:55:47

State-run Bangladesh Krishi Bank, or BKB, has once again sought Tk 20 billion in loan from the central bank's refinancing scheme to continue its farm lending, officials say. The cash-strapped bank to...

No breakthrough in TICFA talks

Mir Mostafizur Rahaman March 07, 2020 10:51:07

Apart from trading assurances, no breakthrough was made in the just-concluded fifth meeting of the Trade and Investment Cooperation Framework Agreement (TICFA). In fact, there is no progress as both...

Overseas job sector in a fix over virus outbreak

ARAFAT ARA March 07, 2020 10:36:46

The ongoing Coronavirus epidemic has started taking its toll on overseas employment sector, as recruiting countries have already initiated different measures to check foreigners' movements to preve...

Real estate sector starts rebounding

JUBAIR HASAN March 07, 2020 09:54:39

The volume of lending by banks and financial institutions, or FIs, to the real estate sector has started rising in recent years in a sign of the industry's recovery, people familiar with the developme...

Fishes, cooking oil become costlier

FE Report March 06, 2020 11:59:00

Almost all species of fishes, including Hilsa, and edible oil became costlier last week increasing sufferings of the consumers who were hit hard by price hike of many other essential commodities. Pri...

Interest rates cap: Co-operatives, MLM firms to benefit, fear analysts

FE REPORT March 06, 2020 10:26:48

Getting formal finance could be much tougher for smaller firms in the coming days because of the lending rate capped at 9.0 per cent, bankers and economists said on Thursday. They feared the signific...

Letup in household solar panel use on higher costs

DOULOT AKTER MALA March 06, 2020 10:09:37

Rural households in Bangladesh are witnessing a letup in solar power use because of higher maintenance costs of solar home systems (SHSs) and expansion of the national grid. The FE correspondent has...

NBR chief vows to review tax rates with profit ratio

FE REPORT March 06, 2020 10:09:08

The National Board of Revenue (NBR) chairman, Abu Hena Mohammad Rahmatul Muneem, on Thursday vowed to review the justification of advance tax rates with profit ratio of businesses in the next budget....

PM for joint economic commission to boost Dhaka-Algiers trade

-- March 05, 2020 21:09:30

Prime Minister Sheikh Hasina on Thursday put emphasis on formation of a joint economic commission between Bangladesh and Algeria for enhancing trade and commerce between the two countries, reports UNB...

After Cumilla, BAPEX finds new gas field in B'baria

-- March 05, 2020 12:10:21

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) has announced the discovery of a new gas field in Nabinagar upazila of Brahmanbaria, a day after finding another gas reserve in...

BMBA for data hub of financials

FE REPORT March 05, 2020 10:42:27

Merchant bankers has sought a central database for companies to store financial reports for authorities as well as regulators concerned to avoid multi-reporting for separate entities. "Every busine...

China's 5G investment on verge of peaking: Report

-- March 04, 2020 18:35:25

China will see large-scale investment in 5G infrastructure as relevant standards mature and upstream hardware further improves, said a report published Wednesday by S&P Global (China) Ratings, a w...

Emirates app hits 20 million downloads milestone

FE Online Desk March 04, 2020 15:52:04

As the race for ‘share of mobile’ continues, Emirates marks a major milestone with 20 million downloads of its mobile app. Catering to its global customer base, the Emirates app is availa...

EBL signs payroll banking deal with Novartis

FE Online Desk March 04, 2020 15:16:35

Eastern Bank Limited (EBL) has recently signed a payroll banking agreement with Novartis (Bangladesh) Ltd in the capital. Ahsan Ullah Chowdhury, Head of Cards and Digital Banking, Eastern Bank Ltd (E...

BNO Lubricants' Partner Meet 2020 held

FE Online Desk March 04, 2020 13:52:52

BNO Lubricants' Partner Meet 2020 was held recently at Boat Club, Chittagong. BNO dealers and distributors from different part of the country participated in the event. Along with them, Mr. Mohammad Y...

Bangabandhu Corner launched at City Bank HQ

FE Online Desk March 04, 2020 13:44:16

City Bank launched ‘Bangabandhu Corner’ at the ground floor of bank's head office. The initiative has been taken to mark the centenary of the birth of Father of the Nation Bangabandhu Shei...

SIBL opens CEPZ Subbranch in Ctg

FE Online Desk March 04, 2020 13:34:37

Social Islami Bank Limited (SIBL) inaugurated CEPZ Subbranch in Chattogram, on March 03. Quazi Osman Ali, Managing Director & CEO of the Bank inaugurated the subbranch as the Chief Guest. Abu Na...

MTB, NOVOAIR ink MoU

FE Online Desk March 04, 2020 13:31:32

Mutual Trust Bank Limited (MTB) and NOVOAIR Limited have recently signed an MoU to launch a Co-branded Credit Card ‘MTB NOVOAIR UnionPay Platinum Credit Card’ for the members of NOVOAIR&rs...

Yarn prices rise allegedly by 15pc

Monira Munni March 04, 2020 11:09:27

Local spinners have allegedly raised the yarn prices by 15 per cent in the domestic market taking advantage of the coronavirus outbreak. Bangladesh Garment Buying House Association (BGBA) in a letter...

World Bank pledges $12 billion in emergency aid to fight coronavirus

FE Online Report March 04, 2020 11:03:36

The World Bank Group (WBG) has come up with an immediate support of up to US$12 billion to assist countries coping with the health and economic impacts of the global outbreak. This financing support...