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The Financial Express

Search results for: trade

Govt decides to increase listed LNG suppliers’ numbers 

Govt decides to increase listed LNG suppliers’ numbers 

-- 2022-11-03 17:25:16

Despite the suspension of liquified natural gas (LNG) imports from the international spot market, the government has decided to increase the number of listed LNG suppliers.  Cabinet Committee on...

Entrepreneur Tajul Islam's 'Azad Fisheries' creating impact on fisheries sector

Entrepreneur Tajul Islam's 'Azad Fisheries' creating impact on fisheries sector

FE ONLINE DESK 2022-11-03 15:25:06

Md Tajul Islam Rajib is one of the promising entrepreneurs who created his own venture to transform. He owns multiple ventures in different sections like agriculture, fisheries, garments, etc. If we d...

BB relaxes age limit for jobseekers

BB relaxes age limit for jobseekers

FE REPORT 2022-11-03 15:22:21

Bangladesh Bank (BB) has asked the banks to give up to an additional 39 months for jobseekers to apply for the banking sector due to the disruption caused by the Covid-19 pandemic in the recruitment p...

Banks change service hours as govt office time shifts

Banks change service hours as govt office time shifts

FE ONLINE DESK 2022-11-03 15:12:34

Following the recent announcement of revised work hours at government offices, banking hours are being pushed back. Banks will now be able to conduct transactions from 10 am to 3:30 pm starting...

A bank can tie up with four insurers

A bank can tie up with four insurers

JASIM UDDIN HAROON 2022-11-03 10:13:01

A commercial bank would be able to tie up with four insurance firms at a time for operating partnership insurance business in the bancassurance model. Of the four, the bank can tie up with two life in...

RMG leaders stress unified code of conduct

RMG leaders stress unified code of conduct

FE REPORT 2022-11-03 09:55:27

Local apparel sector leaders on Wednesday stressed a unified code of conduct - to be followed by global buyers, so that the factories can save both money and time - now being spent for multiple audits...

Mongla port modernisation: Indian LoC project fails to start work in 8 years

Mongla port modernisation: Indian LoC project fails to start work in 8 years

MIR MOSTAFIZUR RAHAMAN 2022-11-03 09:00:57

The implementation work of the Mongla Port upgrade project is yet to start though the loan agreement under the third Indian Line of Credit (LoC) was signed eight years ago. According to the shipping...

IMF queries hefty capacity payments, power subsidy

IMF queries hefty capacity payments, power subsidy

FHM HUMAYAN KABIR AND SYFUL ISLAM 2022-11-03 08:48:09

Huge capacity payments to independent power producers (IPPs), which are creating a "hole" into Bangladesh's economy, came under query from the International Monetary Fund (IMF) in assessing the countr...

Myriad cos caught in limbo for complex exit policy

Myriad cos caught in limbo for complex exit policy

DOULOT AKTER MALA 2022-11-03 08:44:20

Rahman Hashim stands nonplussed getting caught in clumsy windup process of his inactive company. He is receiving notices from the tax offices regularly for filing tax returns for the company lying in...

Postal Department receives Tk 45m as earnings from Nagad 

Postal Department receives Tk 45m as earnings from Nagad 

-- 2022-11-02 18:31:11

Nagad, the mobile financial service arm of the Bangladesh Post Office, has shared revenue with the Postal Department this year like every year.  The Postal Department has formally received Tk 4,...

LPG price goes up by Tk 4.25 per kg

LPG price goes up by Tk 4.25 per kg

-- 2022-11-02 16:25:47

The price of liquefied petroleum gas (LPG) has increased by Tk 4.25 per kg to Tk 104.26 from the previous rate of Tk 100.01 per kg as the Bangladesh Energy Regulatory Commission (BERC) on Wednesday an...

EBL wins award from ADB

EBL wins award from ADB

FE ONLINE DESK 2022-11-02 14:42:44

Eastern Bank Limited (EBL) has been adjudged the Best TFP Green Deal (Issuing Bank) Award by ADB. The award certificate was handed over to EBL Managing Director and CEO Ali Reza Iftekhar by Neha Noro...

Five wheat ships arrive at Ctg Port, five more on the way

Five wheat ships arrive at Ctg Port, five more on the way

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-11-02 13:41:11

Some wheat-loaded ships arrived at Chittagong Port from different countries recently amid an increase in wheat prices in the country and a global supply crunch of the staple grain triggered by Ukraine...

Tata Steel team visits GPH Ispat plant

Tata Steel team visits GPH Ispat plant

OUR CORRESPONDENT, CHATTOGRAM 2022-11-02 11:48:21

A delegation of Tata Steel Limited, India's leading steel manufacturing company, visited GPH Ispat Factory at Kumira, Sitakunda, on Tuesday. "Quantum Electric Arc Furnace technology-based steel manuf...

More Twitter officials leave, gutting top management

More Twitter officials leave, gutting top management

-- 2022-11-02 09:55:54

In an expanding exodus of Twitter's top management, officials including its advertising and marketing chiefs left the company in the past few days, according to statements and a person with direct kno...

Govt asks Evaly to stop selling its digital items

Govt asks Evaly to stop selling its digital items

FE REPORT 2022-11-02 08:51:56

The government asked the Evaly authority to stop selling its different digital items, including gift card, voucher, wallet, cash voucher, etc. Otherwise, stern legal action would be taken against the...

Oil giant Saudi Aramco reports $42.4b profit in Q3 

Oil giant Saudi Aramco reports $42.4b profit in Q3 

-- 2022-11-01 17:14:04

Oil giant Saudi Aramco has reported a $42.4 billion profit in the third quarter of this year, a 39 per cent bump buoyed by the higher global energy prices that have filled the kingdom's coffers but he...

Sony raise forecasts as profits grow

Sony raise forecasts as profits grow

-- 2022-11-01 17:01:07

Sony said Tuesday its quarterly profit through September rose 24 per cent on healthy demand for its music and movies, prompting the Japanese entertainment and electronics giant to raise its annual sal...

Bangladesh, KSA agree to form joint task force on energy coop, sign 2 MoUs

Bangladesh, KSA agree to form joint task force on energy coop, sign 2 MoUs

FE ONLINE DESK 2022-11-01 15:16:48

Bangladesh and Saudi Arabia have agreed to form a joint task force to enhance energy cooperation between the two countries, BSS reports. The two sides also decided to strengthen further their bilater...

Wheat up 6pc in US after Russia quits Black Sea pact; corn, soy firm

Wheat up 6pc in US after Russia quits Black Sea pact; corn, soy firm

FE ONLINE DESK 2022-11-01 14:10:11

US wheat futures jumped 6 per cent, hitting a two-week high, and corn rose 1.6 per cent on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies, Reuters...

MTB comes up with offers, discounts

MTB comes up with offers, discounts

FE REPORT 2022-11-01 14:05:43

Mutual Trust Bank Limited (MTB) has made a range of offers, including week-long discount deals on various products and services, for clients as part of celebrating its 23rd founding anniversary. MTB...

Twitter to lay off 25pc of workforce in first round of job cuts: Report

Twitter to lay off 25pc of workforce in first round of job cuts: Report

REUTERS 2022-11-01 12:55:25

Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported o...

NIOR wins best pavilion award at US Trade Show-2022

NIOR wins best pavilion award at US Trade Show-2022

FE ONLINE DESK 2022-11-01 12:00:17

The US familiar colour cosmetic brand ‘NIOR’ has achieved the ‘Best Pavilion Award’ at the just-concluded US Trade Show-2022. Foreign minister AK Abdul Momen formally handed o...

India allows rice exports backed by already issued letters of credit

India allows rice exports backed by already issued letters of credit

FE ONLINE DESK 2022-11-01 11:44:58

India said it will allow cargoes of white and brown rice backed by letters of credit issued before Sept. 9 to be shipped overseas, a measure that provides some relief to exporters grappling with...

Grain ships sail despite Moscow's pullout from deal

Grain ships sail despite Moscow's pullout from deal

FE ONLINE DESK 2022-11-01 10:14:09

Ships brought grain from Ukrainian ports on Monday, suggesting Moscow had stopped short of reimposing a blockade that might have caused world hunger, despite suspending its participation in a UN...

MoC urged to issue imported MOP clearance permit

MoC urged to issue imported MOP clearance permit

FE REPORT 2022-11-01 09:32:58

The Ministry of Commerce (MoC) has been requested to issue necessary clearance permits for 7,539 tonnes of imported MOP (Muriate of Potash) fertiliser urgently so that the essential agriculture inpu...

Supply, sale of hilsa still low in city

Supply, sale of hilsa still low in city

SAJIBUR RAHMAN 2022-11-01 08:56:06

Supply of hilsa is yet to reach the desired level in the city despite arrival of fresh catches of the fish in the kitchen and fish markets after a 22-day ban on netting the fish ended on October 28....

upay, Tang hand over prizes to winners of Ramadan mega campaign

upay, Tang hand over prizes to winners of Ramadan mega campaign

FE ONLINE DESK 2022-10-31 15:45:28

Mobile financial service provider upay, in collaboration with globally reputed beverage brand Tang, recently handed over the grand prize - a brand new car - to the winner of its Ramadan mega campaign....

Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong proposes allowing retail trade in cryptocurrencies

-- 2022-10-31 14:18:30

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds - a move it hopes will help it rebuild its fintech hub status. The city, wh...

World food supplies at risk as Russia withdraws from Black Sea deal

World food supplies at risk as Russia withdraws from Black Sea deal

FE ONLINE DESK 2022-10-31 13:35:42

Russia's weekend backtrack from a UN-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices, R...