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The Financial Express

Search results for: trade

Most import-export stakeholders to become 'trusted traders'

Most import-export stakeholders to become 'trusted traders'

DOULOT AKTER MALA 2022-11-14 09:16:38

Stakeholders in the import-export channels in Bangladesh are coming under blanket coverage of Authorized Economic Operators (AEO) status as 'trusted trader' for facilitating smooth foreign trade trans...

Waste recycling can fetch $3.0b annually

Waste recycling can fetch $3.0b annually

MONIRA MUNNI 2022-11-14 08:27:48

A big boon lies hidden in trash as experts say Bangladesh could earn US$3.0 billion annually by recycling textile wastes commonly known as 'jhut' with requisite policy support. The pre-consumer waste...

How inter-MFS transaction system 'Binimoy' works

How inter-MFS transaction system 'Binimoy' works

-- 2022-11-13 20:46:31

Starting from Monday, mobile financial services (MFS) users of any providers will be able to transfer funds from their accounts to the accounts of users using a separate provider by a newly-introduced...

PM urges foreign businessmen to invest in Bangladesh

PM urges foreign businessmen to invest in Bangladesh

-- 2022-11-13 17:27:09

Prime Minister Sheikh Hasina on Sunday urged foreign businessmen and entrepreneurs to choose Bangladesh for investment and sourcing as the country has turned into the best favourable destination for i...

Experts for proper utilisation of 'Credit Guarantee Scheme'

Experts for proper utilisation of 'Credit Guarantee Scheme'

FE REPORT 2022-11-13 10:31:13

Experts at a workshop on Saturday called for proper utilisation of the 'Credit Guarantee Scheme' to encourage lending to potential cottage, micro, small, and medium enterprises (CMSMEs). Dubbing the...

GP loses 3.6m subscribers since ban on SIMs

GP loses 3.6m subscribers since ban on SIMs

FE REPORT 2022-11-13 10:22:02

The country's largest mobile network operator (MNO) Grameenphone has lost 3.6 million subscribers since the telecom regulator imposed an embargo on selling SIM cards, said a top executive of the opera...

Production at closed private refineries set to resume soon

Production at closed private refineries set to resume soon

M AZIZUR RAHMAN 2022-11-13 08:42:30

The privately owned petrochemical and refinery plants are all set to resume commercial operation soon, after more than two years of production suspension amid a lack of required condensate supply from...

High officials allegedly misuse car maintenance funds

High officials allegedly misuse car maintenance funds

FHM HUMAYAN KABIR 2022-11-13 08:35:06

The government's austerity plan taken amid the ongoing economic slowdown has lost its ground to some extent as some of its high officials are allegedly misusing the car maintenance funds. Many of the...

Paddy price stays at peak even amid Aman harvest

Paddy price stays at peak even amid Aman harvest

YASIR WARDAD 2022-11-13 08:30:43

Paddy prices hit record highs even though Aman harvest gets underway across Bangladesh with coarse varieties selling at Tk 30-32 a kilogram, giving insiders to presume that rice may also get pricier i...

BGMEA eyes keeping market shares in global apparel market unhurt

BGMEA eyes keeping market shares in global apparel market unhurt

-- 2022-11-12 17:04:30

Despite serious challenges, Bangladesh wants to keep its market share in the global apparel market unhurt and give it a further boost by showcasing its innovations and strengths through "Made in Bangl...

Alibaba stays mum on Singles Day sales tally

Alibaba stays mum on Singles Day sales tally

-- 2022-11-12 13:29:25

Alibaba Group on Friday opted not to disclose the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, only saying the results were...

Disney plans to freeze hiring and cut some jobs

Disney plans to freeze hiring and cut some jobs

-- 2022-11-12 11:58:52

Walt Disney is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo see...

Bangabandhu Tunnel opens to traffic next month: Officials

Bangabandhu Tunnel opens to traffic next month: Officials

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-11-12 10:02:54

The Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River may be opened for vehicular movement next month as almost all works of the $1.1 billion project were completed as of November 1, 202...

Now flour prices go up

Now flour prices go up

YASIR WARDAD 2022-11-12 08:58:14

Flour prices marked a sharp rise in the city markets in the last few days while prices of other key essentials also maintained upward trends. Traders, however, attributed such sudden price rise of...

BIDA OSS futile as agencies give same services

BIDA OSS futile as agencies give same services

SYFUL ISLAM 2022-11-12 08:53:07

The efforts to provide one-point services from the Bangladesh Investment Development Authority (BIDA) went in vain, as the agencies, which added their services to the BIDA One Stop Service (OSS) por...

Pvt credit growth slows amid inflation combat

Pvt credit growth slows amid inflation combat

JUBAIR HASAN 2022-11-12 08:47:27

Credit flow into private sector falls amid inflation combat through money-supply contraction and import tightening for forex dearth, among other reasons, economists say. The private-sector credit gro...

Elon Musk braces for $56.0b battle with heavy metal drummer

Elon Musk braces for $56.0b battle with heavy metal drummer

-- 2022-11-11 19:56:33

Elon Musk has taken on Detroit's automakers, short-sellers and securities regulators. Next week, the Tesla chief executive is set to square off in court against an unlikely foe - a thrash metal drumme...

Ctg port now capable of releasing ship in 48 hours, says CPA chairman

Ctg port now capable of releasing ship in 48 hours, says CPA chairman

-- 2022-11-11 17:09:21

Chittagong Port Authority (CPA) has recently increased its container handling capacity and reduced container dwindling time and the time for loading and unloading of containers. "We are now completin...

India weighs steps to cool record wheat prices

India weighs steps to cool record wheat prices

-- 2022-11-11 12:12:31

Soaring wheat prices in India could prompt price-cooling measures such as the release of state reserves into the open market while axing the 40 per cent tax on imports, trade and government sources sa...

Flour, wheat prices decline in port city

Flour, wheat prices decline in port city

NAZIMUDDIN SHYAMOL 2022-11-11 09:15:47

CHATTOGRAM, Nov 10: A ship which arrived at Chittagong Port from Ukraine will start unloading 52500 MT wheat after getting official nod following a test at a government-designated lab, officials said....

Cabinet approves procurement of sugar, fertiliser

Cabinet approves procurement of sugar, fertiliser

FE REPORT 2022-11-11 08:50:02

The cabinet committee on government purchase on Thursday approved procurement of 12,500 tonnes of sugar for the state-run Trading Corporation of Bangladesh (TCB). Later, the sweet substance will be s...

NBR to remove bottlenecks in clearing process

NBR to remove bottlenecks in clearing process

FE REPORT 2022-11-11 08:42:58

The National Board of Revenue (NBR) has taken an initiative to remove bottlenecks in the process of releasing export-import goods by using the Direct Trader Input (DTI) system. A Time Release Study...

BB issues new timing for BACH, RTGS transactions

BB issues new timing for BACH, RTGS transactions

JASIM UDDIN HAROON 2022-11-11 08:38:52

The Bangladesh Bank (BB) on Thursday announced a new operational timing for the transactions under Bangladesh Automated Clearing House (BACH) and Real-Time Gross Settlement (RTGS). The new schedule w...

Now cap on dollar dealings by moneychangers

Now cap on dollar dealings by moneychangers

FE REPORT 2022-11-11 08:36:21

Now dollar caps come on moneychangers as they are barred from keeping in hand over $50,000 for daylong dealings but $25,000 at the close of day’s operations, amid foreign-exchange crunch. Bangl...

Fall in RMG work orders triggers domino effect

Fall in RMG work orders triggers domino effect

MONIRA MUNNI 2022-11-11 08:32:43

The country's accessories and packaging industry has started to feel the pinch as the local export-oriented garment sector has been experiencing a significant fall in work orders. Industry insiders s...

Gas supply to power plants cut to feed industries

Gas supply to power plants cut to feed industries

M AZIZUR RAHMAN 2022-11-11 08:28:07

To make do with limited fuels, the government has reduced gas supply to power plants to feed industries as Bangladesh's domestic gas output squeezes and import is limited by fund constraints. Sourc...

BB sets ceiling on stock of taka for money changers at Tk 5.0m

BB sets ceiling on stock of taka for money changers at Tk 5.0m

-- 2022-11-10 21:52:47

Bangladesh Bank has set the ceiling on stock of taka foreign exchange dealers can keep at any point of time. The stock must not exceed Tk 5.0 million, the central bank said in a notice on Thursday.&n...

India in talks to export green hydrogen

India in talks to export green hydrogen

-- 2022-11-10 16:27:23

India is in initial talks with the governments of other countries to export green hydrogen made in the South Asian nation, an official of its foreign ministry said on Thursday, even as challenges rema...

Bangladesh plans to explores alternative sources for wheat import

Bangladesh plans to explores alternative sources for wheat import

-- 2022-11-10 16:01:07

Bangladesh has opted to explore alternative overseas sources to meet demands for wheat, even with higher cost, as the war between Russia and Ukraine blocked ways for import of the country’s seco...

Banks given more time to adjust exposure limit

Banks given more time to adjust exposure limit

FE REPORT 2022-11-10 09:34:42

The banks have been allowed to adjust their overexposure to the capital market by the end of December 2023. The financial institutions division (FID) on Tuesday issued a circular giving consent to a...