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The Financial Express

Search results for: trade

Latest China price data adds to a slew of upside surprises in world's second largest economy

-- September 11, 2017 00:52:04

BEIJING, Sept. 10 (Xinhua): China's inflation accelerated faster than expected in August, but remained mild overall, leaving policy makers room for containing financial leverage and risks. Fresh data...

Human haulers rising fast, BRTA stats show

FE Online Report September 10, 2017 11:03:29

Human haulers are rising at a faster rate, according to the latest statistics of the Bangladesh Road Transport Authority (BRTA).   It showed that some 2,534 new human haulers got registration d...

Uber brings relief to city commuters

-- September 10, 2017 10:37:09

With its hassle-free round-the-clock services, Uber, the world's largest on-demand ride-sharing company, has brought some sort of relief to city commuters, mainly for the middle-class ones, within eig...

India renegotiates LNG deal with Exxon

Reuters September 10, 2017 10:27:17

India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, oil ministe...

Smuggling thrives on steep fall in rawhide prices

Yasir Wardad September 10, 2017 10:10:59

Drastic fall in rawhide prices has led to smuggling of a significant volume of skins of sacrificial animals this year, sector insiders said.   The easy navigation in overflowing rivers of borde...

BGMEA seeks more time to demolish office building

-- September 09, 2017 16:53:15

Bangladesh's crest wear business body wants to exercise its multi-storey office building, which was built in violation of the Wetlands Protection Act, for another year, reports bdnews24.com.  ...

Jobless Bangladeshis face uncertainty in S Arabia

Arafat Ara September 09, 2017 13:49:37

Many Bangladeshi workers who have gone to Saudi Arabia with individual visas or so-called free visas are now facing uncertainty as they fail to find jobs, sources said.   Many of them have alre...

NBR to step up vigilance against tax-evading foreign workers

FE Desk September 09, 2017 13:26:09

The National Board of Revenue (NBR) has decided to pay special attention to the foreigners working in the country so that they cannot dodge tax payment.   The directive came from NBR chairman M...

eGeneration to provide CRM solutions to IOM

FE Online Desk September 09, 2017 13:24:52

eGeneration Ltd, one of the leading management consulting, technology services and outsourcing companies in Bangladesh and International Office Machines (IOM), a leading communication technology compa...

Qatari, Saudi leaders have a phone call, start new dispute

AP September 09, 2017 11:51:28

Leaders in Qatar and Saudi Arabia spoke by telephone early Saturday in their first high-level contact since an Arab diplomatic crisis engulfed Doha three months ago, but now even terms of what they di...

BD is the sixth largest importer of textiles

FE Online Report September 09, 2017 10:35:40

Bangladesh has emerged as the sixth largest importer of textiles across the globe.   According to the latest statistics of the World Trade Organisation (WTO), the country’s share in globa...

Consumer loans see steep rise

-- September 09, 2017 09:44:56

Consumer financing by the banking sector saw a significant rise during the last year thanks to falling lending rates and rising purchasing power of the country's middle-class. Consumer credit rose 2...

Govt seeks Japanese, Korean funds for building port, ICT

Syful Islam September 09, 2017 00:21:34

The government sought funds from South Korea and Japan for building Paira seaport and Khanpur inland container terminal (ICT) in Narayanganj to lessen shipping pressure on Chittagong Port.   Tw...

Oil steady as Irma heads for Florida, Saudi Arabia scales down supply

-- September 08, 2017 21:52:15

LONDON, Sept 8 (Reuters): Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through...

Habib Bank to pay $225m fine in USA

-- September 08, 2017 20:59:08

Pakistan’s Habib Bank agreed to pay $225 million to settle an enforcement action brought against it by US administration for infringing laws designed to combat illicit money transfers.  ...

Google to acquire HTC

-- September 08, 2017 19:36:51

Google is in the final stages of acquiring all or part of smartphone maker HTC, says CNBC quoting a Taiwanese news outlet called Commercial Times.   The news follows a separate story from late...

Adobe to bridge gender wage gap in India, US

-- September 08, 2017 19:02:00

Adobe Systems has introduced a gender pay parity policy in India as well as globally to achieve 100 per cent pay parity between male and female employees across levels, reports businessworld.in. &nbs...

VW plans huge asset sale

Reuters September 08, 2017 15:24:10

Volkswagen is actively working on deals to sell non-core assets accounting for as much as 20 per cent of the German carmaker’s annual revenues, The Wall Street Journal quoted its chief executive...

NBR gives special focus on tax from foreign workers

-- September 08, 2017 13:32:32

  The National Board of Revenue (NBR) has decided to pay special attention on collecting tax from foreigners working in the country.   NBR chairman M Nojibur Rahman gave the directives at...

iPhone 8 could face supply shortfalls

Reuters September 08, 2017 12:56:16

Apple Inc’s new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Jour...

Lilly to lay off 3,500 jobs globally

Reuters September 08, 2017 12:03:00

Eli Lilly and Co said on Thursday it would lay off about 8 per cent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster dr...

Study finds bank profitability more sensitive to NPLs

FE Online Report September 08, 2017 11:15:29

A central bank study has observed that the bank profitability is more sensitive to non-performing loans (NPLs) and expenditure-income ratio than it is to liquidity in the country.   The study t...

NBR exempts EPZ factories from 25pc tobacco export tax

 Doulot Akter Mala September 08, 2017 10:10:29

The National Board of Revenue (NBR) has waived 25 per cent tax on export of tobacco products by factories located in the country's Export Processing Zones (EPZs).   The customs wing has issued...

Rice prices defy big cut in import duty

 Yasir Wardad September 08, 2017 09:57:39

A big cut in import duty on rice has hardly made any impact on the prices of the major staple in the city markets.   Market observers said big importers and traders are cashing in on the duty s...

Minister to lay foundation of Patenga container terminal Friday

-- September 07, 2017 17:19:14

The foundation laying ceremony of the 600-metre-long Patenga container terminal will be held tomorrow (Friday), reports BSS.   Shipping Minister M Shahjahan Khan will formally lay the foundatio...

Jaguar joins electric car race

BBC September 07, 2017 16:12:34

Every new Jaguar Land Rover (JLR) vehicle line launched from 2020 will be electric or hybrid, the company announced on Thursday.   The carmaker said that the first of the new models would be a...

Ministry wants tax break for PDB

-- September 07, 2017 14:54:53

The state-run Power Development Board or PDB needs a tax break to import oil for its power plants like private producers, says the state minister for power.   A tax break will save as much as T...

500 bank branches now solar-powered

FE Online Report September 07, 2017 12:08:42

The number of bank branches powered by solar energy in the country reached 500 by the end of past fiscal year (FY17).   The latest report of the green banking, released by Bangladesh Bank last...

Oil steadies on strong demand

-- September 07, 2017 11:41:06

Oil prices held steady on Thursday, supported by rising demand from the United States where Gulf Coast refineries are restarting in the wake of Hurricane Harvey.   But three more hurricanes in...

Outbound travel spending up by 15.6pc

FE Online Report September 07, 2017 11:10:38

Minimum spending for outbound travel from the country jumped by 15.56 per cent in the past fiscal year (FY17).   Latest data of the balance of payments (BoP) showed that the amount stood at $50...