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The Financial Express

Search results for: trade

KSA deports 7,000 BD workers in Jan-Feb

FE Report March 04, 2020 10:11:51

Some 7,000 Bangladeshi workers have been deported from Kingdom of Saudi Arabia (KSA) in January- February period of this year as the crackdown continues against the irregular foreign workers, insiders...

Trade misinvoicing persists in BD: GFI

FE REPORT March 04, 2020 10:02:05

Continued mismatch or value gap in reported bilateral trade of Bangladesh with the rest of the world has indicated that trade misinvoicing is persisting there. The latest report of the Global Financi...

NBFIs seek BB liquidity support

SIDDIQUE ISLAM March 04, 2020 09:55:45

Top executives of non-bank financial institutions (NBFIs) have sought emergency liquidity support from the central bank to improve their financial health. The support was sought in a meeting with the...

Coca-Cola to inject additional $200m in Bangladesh

FE Online Report March 03, 2020 18:09:57

The Coca-Cola Company plans to invest $200 million in Bangladesh over the next five years. Corporation's Chairman and CEO James Quincey announced the additional investment on Tuesday. He was address...

PM to open SME fair Wednesday

-- March 03, 2020 17:17:34

The ‘8th National SME Product Fair 2020’ will begin tomorrow (Wednesday) in the city with a view to promoting SME products and bringing the local small and medium entrepreneurs under a sin...

Emirates asks staff to take one month unpaid leave over coronavirus

-- March 03, 2020 14:41:01

Major international airline Emirates is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world. E...

Toyota announces new CFO in executive shake-up

Reuters March 03, 2020 14:31:05

Toyota Motor Corp said on Tuesday Kenta Kon will become its chief financial officer and the roles of some executives will be consolidated, as the Japanese automaker attempts to improve its production...

FSIBL-sponsored Public Speaking Competition-2020 held

FE Online Desk March 03, 2020 14:14:35

First Security Islami Bank sponsored International Public Speaking Competition (IPSC)-2020 held at BAF Shaheen College, Dhaka. The champion of the competition was Saleh Sakib Ahmed from Bangladesh Un...

Mercantile Bank, Ctg WASA ink deal

FE Online Desk March 03, 2020 13:56:26

Mercantile Bank Limited has recently signed an agreement with Chattagram WASA. The agreement was signed by Adil Raihan, Deputy Managing Director and CSBO of the Bank and Golam Hossain, Deputy Managin...

Lakshmipur betel leaf growers record Tk 2.0 billion sale

-- March 03, 2020 13:46:30

Betel leaf farmers in Lakshmipur district recorded huge sales in the last season. Md Belal Hossain Khan, deputy director of Department of Agricultural Extension (DAE), said betel leaf farmers earned...

Digital Banking Fair 2020 at Cox’s Bazar

FE Online Desk March 03, 2020 13:46:20

Islami Bank Bangladesh Limited along with five banks jointly organized Digital Banking Fair recently at the Shahid Daulat Maidan of Cox’s Bazar Public Library. Mohammed Monirul Moula, Additiona...

Apple to pay up to $500m to settle US lawsuit over slow iPhones

-- March 03, 2020 11:56:07

Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries...

$200m AIIB loans to increase electricity access

-- March 03, 2020 10:55:49

The Asian Infrastructure Investment Bank (AIIB) has approved a $200 million loan to Bangladesh to increase access to electricity and improve service efficiency in Dhaka and the country’s western...

India to lift onion export ban on March 15

FE ONLINE DESK March 03, 2020 10:25:00

Indian government would lift the ban on onion exports on March 15, said its commerce and industry minister Piyush Goyal in a tweet on Monday. The decision to allow onion exports, which was banned sin...

Payra plant awaits rise in mercury for commercial operation

M AZIZUR RAHMAN March 03, 2020 10:01:48

Payra coal-fired power plant, the country's largest electricity generation unit, is waiting for a rise in mercury for higher demand of electricity to initiate commercial operation from its 660 megawat...

Bond market development: NBR agrees on tax sops

DOULOT AKTER MALA March 03, 2020 09:51:14

The National Board of Revenue, or NBR, has reached a consensus over offering a string of tax incentives to promote long-term debt market in Bangladesh. The incentives include withdrawal of upfront ta...

Prices of onion decline further in city markets

-- March 03, 2020 00:41:39

Prices of onion, one of the main cooking ingredients, dropped further in Dhaka markets in the last couple of days following lifting of ban on export of the spice by India recently, reports BSS. The o...

BB fixes 9.0pc interest rate on import of nine essentials

-- March 02, 2020 21:49:49

The Bangladesh Bank (BB) has fixed maximum 9 per cent interest rate on the import of nine essential commodities for keeping the prices of the commodities at tolerable level during the holy month of Ra...

8th Nat'l SME Product Fair to kick off Wednesday

FE Online Report March 02, 2020 20:51:03

A nine-day SME product fair will kick off at Bangabandhu International Conference Centre (BICC) in the capital on Wednesday, aimed at promoting local products both in domestic and international market...

Nokia appoints new chief from September

-- March 02, 2020 18:01:08

Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on M...

Trust Bank, US Bangla Airlines ink MoU

FE Online Desk March 02, 2020 13:43:28

An MoU was signed between Trust Bank Limited and US Bangla Airlines. Under this MoU, Trust Bank Debit & Credit Card Holders will be able to avail 10% discount on base fare on domestic airlines ti...

Asian factories take a beating from virus outbreak

REUTERS March 02, 2020 13:03:29

Asia’s factories took a heavy hit in February from the coronavirus outbreak with activity in China shrinking at a record pace, business surveys showed on Monday, adding to fears the crisis risks...

FSIBL workshop on ‘Annual Risk Conference-2020’

FE Online Desk March 02, 2020 12:29:36

First Security Islami Bank Limited (FSIBL) recently organized a workshop titled ‘Annual Risk Conference-2020’ for its Officers at Dhaka Regency Hotel & Resort. Mr. Md. Masud Biswas, E...

EBL cardholders to enjoy special discount from meeha.com.bd

FE Online Desk March 02, 2020 12:26:02

A leading online shopping platform of the country meeha.com.bd is offering a special discount and interest free EMI in purchase of Women’s motorbike for cardholders of Eastern Bank Ltd (EBL). M...

Crisis in RMG sector: BGMEA offers coronavirus battle plan

OUR CORRESPONDENT March 02, 2020 11:06:43

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has put forward a nine-point proposal to protect the local ready-made garment (RMG) sector from the curse of coronavirus. The propos...

100pc electrification of 21 more dists, 52 upazilas by June

FE REPORT March 02, 2020 10:58:10

The Bangladesh Rural Electrification Board (BREB) has set a target to ensure 100 per cent electrification of 21 districts and 52 upazilas by June 2020. As part of rolling out electrification in off...

Farm mechanisation: Incentive scheme stuck on fund crisis

FE REPORT March 02, 2020 10:51:02

The government's programme to provide incentive to farmers for purchasing farm machinery has become stagnant due to lack of fund, said officials at the Ministry of Agriculture (MoA). To boost farm pr...

Rural areas power agent banking

JASIM UDDIN HAROON and SIDDIQUE ISLAM March 02, 2020 09:58:46

The agent banking is booming, mostly in rural areas, supported by a large inflow of remittances, according to Bangladesh Bank officials. Agent banking is defined as financial services targeted to the...

Coronavirus: Construction of Padma Bridge impeded

MUNIMA SULTANA March 02, 2020 09:57:25

The construction of Padma Bridge, which got pace few months back overcoming its foundation-related problems since 2015, was impeded again in February due to absence of an adequate number of Chinese st...

BD-German Consultations 2020 Monday

-- March 01, 2020 17:05:43

The Bangladesh-German Consultations 2020 will be held tomorrow (Monday) at the NEC-2 Conference Room in the city’s in a bid to further boost bilateral relations as well as to boost cooperation...