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The Financial Express

Search results for: trade

Walmart goes to the cloud to close gap with Amazon

Walmart goes to the cloud to close gap with Amazon

-- 2018-02-14 13:31:54

One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions...

‘Ramp up budget spending on overseas employment sector’

‘Ramp up budget spending on overseas employment sector’

FE Report 2018-02-14 10:30:12

The government should scale up budgetary allocations for the overseas employment sector to help ensure migrants' rights, activists said on Tuesday. They also urged the authorities to implement the ex...

Costlier agri-inputs push up Boro farming cost

Costlier agri-inputs push up Boro farming cost

Yasir Wardad 2018-02-14 10:17:45

A substantial increase in the prices of different agri-inputs has pushed up the cost of Boro plantation across the country this year, according to agriculturists and farmers. They also fear it may hi...

Uber's fourth-quarter loss narrows

Uber's fourth-quarter loss narrows

-- 2018-02-14 09:59:36

Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters. The ride-hailing company&r...

Over 77pc fish farmers lack access to credit from banks

Over 77pc fish farmers lack access to credit from banks

Saif Uddin 2018-02-14 09:57:56

Some 77.3 per cent of aquaculture farmers in the country cannot access credit from banks for a lack of collateral, a study has revealed. As a result, many of them are compelled to borrow from various...

BD emerges as top tourist source to India in January

BD emerges as top tourist source to India in January

-- 2018-02-13 20:33:19

Bangladesh has come out as the top source of foreign tourists to India in January. The country contributed 16.4 per cent of India’s foreign tourists for the month, followed by USA with 14.1 per...

FBCCI wants formulation of 'Health service Act'

FBCCI wants formulation of 'Health service Act'

-- 2018-02-13 20:26:03

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to finalise the 'Health service Act' for the development of private sector health services. The FBCCI l...

US-Bangla Airlines acquires new aircraft

US-Bangla Airlines acquires new aircraft

-- 2018-02-13 19:49:26

US-Bangla Airlines, one of the major private carriers of Bangladesh, has added a 76-seater DASH 8-Q400 aircraft to its fleet. Imran Asif, CEO of US-Bangla Airlines, received the aircraft on Tuesday m...

DCCI for more Philippine investment in BD

DCCI for more Philippine investment in BD

-- 2018-02-13 19:17:11

President of Dhaka Chamber of Commerce and Industry (DCCI) Abul Kasem Khan on Tuesday urged the Philippine entrepreneurs to invest in the infrastructural development projects of Bangladesh. He came up...

Honda to start local production this year

Honda to start local production this year

-- 2018-02-13 18:43:02

Honda Motor Company in a joint venture with the state-owned Bangladesh Steel and Engineering Corporation (BSEC) is going to start manufacturing motorcycles locally this year. The joint venture compan...

NCC Bank organises workshop to prevent money laundering

NCC Bank organises workshop to prevent money laundering

FE Online Report 2018-02-13 17:35:37

The National Credit and Commerce (NCC) Bank, in association with Thengamara Mohila Sabuj Sangha (TMSS) and MoneyGram, has organised a day long workshop on preventing money laundering. The bank arrang...

253 Bangladeshis avail second home in Malaysia

253 Bangladeshis avail second home in Malaysia

FE Online Report 2018-02-13 14:45:07

During the first eight months of the past year, some 253 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. A total of 3,084 people f...

Amazon plans to shed hundreds of jobs

Amazon plans to shed hundreds of jobs

-- 2018-02-13 13:40:24

Amazon is cutting hundreds of positions at its headquarters and global operations, a move that comes after several years of significant growth. The cuts were first reported by the Seattle Times, whic...

SpherePay’s crypto project ‘SAY’ sets sight on SE Asia and beyond

SpherePay’s crypto project ‘SAY’ sets sight on SE Asia and beyond

-- 2018-02-13 13:21:48

Singapore's homegrown mobile payment app company SpherePay has announced its strategic partnership with TrueChain (TRUE), one of the world's fastest next generation blockchain company, says a Media Ou...

BRAC Bank distributes spot loan to SME customers in Rajshahi

BRAC Bank distributes spot loan to SME customers in Rajshahi

FE Online Desk 2018-02-13 12:11:16

BRAC Bank Limited took part in “Bankers-SME Entrepreneurs Conference and View Exchange Programme” organised by SME & Special Programs Department, Bangladesh Bank in Rajshahi recently....

Ctg REHAB fair gets Tk 3.63b spot orders

Ctg REHAB fair gets Tk 3.63b spot orders

Pankaj Dastider 2018-02-13 10:33:56

The four-day housing fair in the port city, organised by REHAB Chittagong region, saw a record Tk 3.63 billion worth of spot orders for flats. A huge number of visitors, the middle-income group in pa...

Bangladesh, India talk ways to boost trade, investment

Bangladesh, India talk ways to boost trade, investment

-- 2018-02-13 10:28:10

Senior officials of India and Bangladesh held detailed discussions in Dhaka on ways to boost bilateral trade and investments. The commerce secretary level talks were held on February 7-8. "The two si...

BPC gets duty waiver on furnace oil import

BPC gets duty waiver on furnace oil import

M Azizur Rahman 2018-02-13 09:49:12

The Bangladesh Petroleum Corporation (BPC) has got 'much-expected' waiver from paying duties against import of furnace oil for electricity generation. The Bangladesh Power Development Board (BPDB) wi...

Thrust on safety, security to woo EU tourists

Thrust on safety, security to woo EU tourists

-- 2018-02-12 19:30:32

Government has taken initiatives to ensure safety and security for attracting more foreign tourists from different countries including the European Union (EU) nations. Civil Aviation and Tourism Mini...

Bitopi starts affiliation with international advertising firm

Bitopi starts affiliation with international advertising firm

FE Online Desk 2018-02-12 19:25:59

Bitopi Advertising Limited started its affiliation with international advertising firm Foote Cone& Belding (FCB) with the screening of a powerful documentary.  “Saints of Sin”, d...

32nd IPC discuss factors affecting publishing sector

32nd IPC discuss factors affecting publishing sector

FE Online Desk 2018-02-12 18:58:22

This year’s congress of international publishers began on Saturday in the Indian capital of New Delhi with over 300 delegates from India and across the world. The International Publishers Congr...

Takata, injured drivers reach settlement deal

Takata, injured drivers reach settlement deal

-- 2018-02-12 14:42:49

Takata Corp’s US unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its...

Australia begins inquiry into banking misconduct

Australia begins inquiry into banking misconduct

-- 2018-02-12 13:26:36

A landmark inquiry into wrongdoing among Australia's banks and financial services has begun. The royal commission - the country's top form of public inquiry - will investigate alleged and established...

Zero gravity ventures to utilise funding from Frontier Fund

Zero gravity ventures to utilise funding from Frontier Fund

FE Online Desk 2018-02-12 13:04:31

Zero Gravity Ventures Limited – an e-commerce incubator from one of the country’s leading conglomerates, Ananta Group – has secured Series A funding from Frontier Bangladesh, a Bangl...

Ford revs up large SUV production to boost margins

Ford revs up large SUV production to boost margins

-- 2018-02-12 12:46:56

Ford Motor Co said on Monday it will boost production targets for two large sport utility vehicles by 25 per cent this year to challenge rival General Motors Co’s hegemony in a highly profitable...

Bangladesh Fashionology Summit begins

Bangladesh Fashionology Summit begins

FE Online Report 2018-02-12 11:58:46

The first-ever Bangladesh Fashionology Summit has kicked off with an aim to drive the future of fashion and help garments makers understand the latest changes in the industry. Bangladesh Apparel Exch...

Emirates orders 36 A380s worth $16b

Emirates orders 36 A380s worth $16b

-- 2018-02-12 11:44:56

Emirates signed a contract on Sunday to buy as many as 36 Airbus (AIR.PA) A380 aircraft worth as much as $16 billion at list prices, firming up an order that is crucial to the future of the world&rsqu...

Oil prices go up as stock markets remain steady

Oil prices go up as stock markets remain steady

-- 2018-02-12 11:09:08

Oil prices rose by 1.0 per cent on Monday, recovering at least some of last week’s steep losses as Asian stock markets found their footing after days of chaotic trading. Looming over oil market...

Gas supply shortage: Gazipur industries in dire straits

Gas supply shortage: Gazipur industries in dire straits

Jubair Hasan 2018-02-12 10:59:16

Industrial enterprises in Gazipur, one of the key industrial belts of the country, are facing serious production setback due to disruption in natural gas supply. Dozens of factories in the area, most...

Alibaba signs deal with Walt Disney

Alibaba signs deal with Walt Disney

-- 2018-02-12 10:57:45

Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Co in a deal that will provide the Chinese group’s Youku video streaming platform with the l...