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The Financial Express

Search results for: trade

Eastern Cables incurs loss for first time in its history

Jubair Hasan February 18, 2020 10:30:55

Eastern Cables Limited has incurred a loss of Tk 122 million in fiscal year (FY) 2018-19 for the first time since starting its operation in 1971, officials said. The company suffered the loss also si...

Coronavirus: BD mission fears serious impact on Dhaka-Beijing trade

SYFUL ISLAM February 18, 2020 10:28:26

Bangladesh mission in China has expressed the fear that export-import trade between Dhaka and Beijing may face a major setback due to the outbreak of the coronavirus. The outbreak of the coronavirus...

ERD finds poor progress in VAT online project

Doulot Akter Mala February 18, 2020 10:24:29

The Economic Relations Division (ERD) has found poor implementation of the Disbursement Linked Results (DLR) on major components of the VAT Online Project (VOP) that may affect getting its remaining...

Troubled loans slump in Q4

Siddique Islam February 18, 2020 09:59:06

The amount of troubled loans in the banking system dived in the fourth quarter of 2019, aided by the special facilities central bank offered to defaulters. The non-performing loans, or NPLs, shrank b...

EBL signs agreement with Travel Art

-- February 17, 2020 22:19:24

Eastern Bank Ltd (EBL) and Travel Art, a sister concern of Dear Life BD Tours and Travel Limited, signed a customer benefit agreement in Dhaka recently. Under the deal, EBL cardholders will enjoy add...

International incoming voice call rate Tk 0.51 per minute

FE REPORT February 17, 2020 19:19:04

The telecom regulator has slashed the international incoming voice call rate by 66 per cent to only US$ 0.006 or Tk 0.51 per minute due to drastic fall in earnings from the segment in recent years. E...

Grameenphone launches digital care platform for hearing and speech impaired

FE Online Desk February 17, 2020 13:54:33

Grameenphone launched sign-line digital care dedicated for the hearing and speech impaired community on February 16 at The Westin Dhaka.   Through this initiative, Grameenphone has incorpor...

“Guardian Life Bhalobashar Matribhasha 2020” unveiled

FE Online Desk February 17, 2020 13:44:07

“Guardian Life Bhalobashar Matribhasha 2020”, a 15-day long culture fest is taking place at Dhaka University TSC and Shoparjito Shadhinota Circle premises for the second time. It is the m...

BRAC Bank cardholders to get discount at Automan

FE Online Desk February 17, 2020 13:34:57

BRAC Bank Limited and Automan Ventures Limited have signed an agreement for campaign. Under the agreement, all BRAC Bank credit and debit cardholders will enjoy 10% discount on service charges and pa...

Don’t switch over to other countries: Chinese envoy to BD businesses

-- February 17, 2020 12:53:57

Chinese ambassador to Bangladesh Li Jiming on Monday urged Bangladeshi businesses not to switch over to other countries as an alternative to China in the backdrop of the coronavirus outbreak. “...

China approves imports of all poultry from US

Reuters February 17, 2020 10:53:29

China has approved the import of all poultry and poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website on Monday. Beijing had previously banned al...

Govt to procure 0.121m tonnes of essential items before Ramadan

REZAUL KARIM February 17, 2020 10:31:23

The government is set to procure a large quantity of key essential goods ahead of Ramadan to avert any possible crisis during the fasting month, officials said. The move came after an intelligence ag...

Low height of MRT-6 blocks infrastructure on its corridor

Munima Sultana February 17, 2020 10:05:01

The under-construction metro rail has blocked the scope of constructing any other road infrastructure in its corridor, as height level of the mass rapid transit (MRT) line was lower than standard worl...

GSP suspension to Cambodia may increase RMG export to EU

Khmer Times February 16, 2020 17:17:48

Cambodia's readymade garment (RMG) exporters are expecting that the suspension of the European GSP facility would lead to an increase in export orders for Bangladesh in the EU market. They said that...

Town Hall Meeting- 2020 of Standard Bank held in Ctg

FE Online Desk February 16, 2020 13:47:03

The Town Hall Meeting-2020 with East Bengal Region branches of Standard Bank Ltd was held on Saturday at "The Peninsula", Chattogram. Managing Director & CEO of the bank Mr. Khondoker Rashed Ma...

Coronavirus: Passengers shrink on China route

KAMRUN NAHAR February 16, 2020 11:16:37

The flow of passengers to and from Bangladesh on China route has been hit hard because of coronavirus pandemic in China and some other countries. The passengers' flow is almost normal for other des...

Processed food export falls 11pc in first seven months

YASIR WARDAD February 16, 2020 10:49:46

Exports of processed food items declined substantially so far this fiscal year (FY) due to higher operating costs and raw material prices than the competitors. The export earnings fell 11 per cent to...

UK to put immigration curbs on low-skilled labour

REUTERS February 16, 2020 10:41:44

Britain will “turn off the tap” of foreign, low-skilled labour and require all skilled workers wishing to come to the country to have a job offer and meet salary and language requirements...

JWG meet: Dhaka, KL to discuss labour market reopening

Arafat Ara February 16, 2020 10:24:44

Dhaka and Kuala Lumpur is programmed for a joint working group (JWG) meeting on February 24 to discuss reopening of Malaysian market for Bangladeshi workers. To this effect, officials said, Malaysian...

VAT intel steps in to spot tax-evading 'ghost' cos

DOULOT AKTER MALA February 16, 2020 09:48:51

The VAT intelligence team has asked banks to provide details of private companies having yearly transaction or balance of Tk 1.0 billion or more. The move is intended to locate "ghost" firms who evad...

EBL opens Agent Banking Outlet in Rangpur

FE Online Desk February 15, 2020 14:24:23

Eastern Bank Limited (EBL) has recently opened an Agent Banking Outlet in Rangpur. Head of Retail and SME Banking of EBL M. Khorshed Anowar inaugurated outlet at Hajipara, C.O. Bazar of the district,...

India court stalls Amazon, Flipkart antitrust probes

REUTERS February 15, 2020 13:44:09

An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday. Amazon this week ch...

BASIC Bank holds Town Hall Meeting

FE Online Desk February 15, 2020 13:19:19

BASIC Bank Limited organized a Town Hall Meeting and Managers’ Conference for Chittagong region on Friday at the Bank's Agrabad Branch premises. Md. Rafiqul ALam, Managing Director (MD) of the...

IBBL MD achieves `CEO of the Year’ award

FE Online Desk February 15, 2020 13:14:40

Md. Mahbub ul Alam, Managing Director & CEO of Islami Bank Bangladesh Limited, achieved ‘CEO of the Year 2019’ award conferred by UK-based financial intelligence house Cambridge Intern...

Rupali Bank opens ATM at Mugda Hospital

FE Online Desk February 15, 2020 13:10:23

Rupali Bank Ltd opened an ATM booth at the Mugda General Hospital in the city on Saturday. Saber Hossain Chowdhury, MP, was the chief guest on the occasion. Obaidullah Al-Masud, managing director of R...

IPDC introduces book loan

FE Desk Report February 15, 2020 11:28:00

IPDC Finance Limited introduced first ever interest-free book loan titled "Subodh" for booklovers, said a statement. With the slogan "Notun boiyer ghrane, subodh jaguk prane", the product was launche...

Diaspora database work remains almost stagnant

ARAFAT ARA February 15, 2020 10:49:41

Almost no headway has been made in the registration programme launched for enlisting the Bangladeshi diaspora due to lack of proper initiatives by the embassy offices in job destination countries, sou...

Sugar, meat, veg prices escalate

FE REPORT February 15, 2020 10:29:23

Sugar and some vegetables saw a price spiral last week, adding to the woes of commoners. Meat prices also increased a little bit because of the rising demand in restaurants on the eve of Valentine's...

Coronavirus: China-backed projects facing disruption

JUBAIR HASAN February 15, 2020 10:22:09

The coronavirus epidemic has started exacting its toll on the implementation of key projects under the ministry of industries, people familiar with the situation said. They said the construction work...

Road signs to cost millions!

FHM HUMAYAN KABIR February 15, 2020 10:16:07

The Roads and Highways Department, or RHD, has proposed spending Tk 0.7 million for marking road signs and signals for each kilometre of a 27km-long highway, officials said. They said the state-run...