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The Financial Express

Search results for: trade

Govt lowers rawhide price for sacrificial animals

Govt lowers rawhide price for sacrificial animals

FE ONLINE REPORT 2020-07-26 12:47:01

The government has lowered the price of rawhide and skin of sacrificial animals to Tk 35-40 per square foot (sft) (salted) in the capital during the upcoming Eid-ul-Azha. Last year, the price of rawh...

Alibaba, Jack Ma summoned by Indian court on former employee's complaint

Alibaba, Jack Ma summoned by Indian court on former employee's complaint

REUTERS 2020-07-26 11:31:46

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on co...

MoA to buy 51,300 farm machines   

MoA to buy 51,300 farm machines  

FE REPORT 2020-07-26 10:38:22

The Ministry of Agriculture (MoA) has reached a final decision to provide the farmers with 51,300 farm machines under its mechanization project. The farm mechanization project worth Tk 30.2 billion i...

RMG buyers placing orders, but at heavy bargain prices

RMG buyers placing orders, but at heavy bargain prices

MONIRA MUNNI 2020-07-26 09:37:27

The work orders for the country's struggling readymade garment (RMG) industry have started coming in, though not in a large amount, at heavy bargain prices. The price on average witnessed 14 per cent...

IMF reviews its income position

IMF reviews its income position

-- 2020-07-25 22:16:53

On April 27, 2020 the Executive Board of the International Monetary Fund (IMF) in Washington DC completed its annual review of the Fund’s income position for the financial year ending April 30,...

Standard telecom services not possible without adequate spectrum: BTRC Chairman

Standard telecom services not possible without adequate spectrum: BTRC Chairman

-- 2020-07-25 22:10:19

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Jahurul Haque on Saturday said that standard telecom service for mobile users cannot be ensured without adequate spectrum. Banglades...

SBAC training course on Shariah Banking begins

SBAC training course on Shariah Banking begins

FE Online Desk 2020-07-25 21:06:21

S M Amzad Hossain, Chairman, South Bangla Agriculture and Commerce (SBAC) Bank inaugurated a seven-day training workshop on 'Skills Development Program on Shariah Banking' on the Virtual Platform Zoom...

Ministry teams to monitor rawhide sales from Eid day

Ministry teams to monitor rawhide sales from Eid day

-- 2020-07-25 20:14:10

The monitoring teams formed by the Ministry of Commerce will work from the Eid day to ensure the collection of rawhides of sacrificial animals across the country. On the occasion of the Eid-ul-Azha,...

Fair Technology becomes distributor of Hyundai Motor

Fair Technology becomes distributor of Hyundai Motor

FE Online Report 2020-07-25 19:00:58

Fair Technology Ltd has formed a strategic partnership with Hyundai Motor to act as the latter’s authorised distributor of passenger vehicles and after-sales service provider. Mutassim Daiaan,...

US relaxes rules to export more aerial drones

US relaxes rules to export more aerial drones

-- 2020-07-25 16:46:06

The United States will re-interpret a Cold War-era arms agreement between 34 nations to allow US defence contractors to sell more drones to allies, the White House said on Friday. US President Donald...

Emirates to cover customers from Covid-19 expenses

Emirates to cover customers from Covid-19 expenses

FE Online Desk 2020-07-25 13:16:11

Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with Covid-...

RMG industry gets only 35pc production capacity booked: BGMEA

RMG industry gets only 35pc production capacity booked: BGMEA

-- 2020-07-25 10:47:41

A recent survey has found that only 35 per cent production capacity in the RMG industry has been booked, leaving the remaining 65 per cent empty for the consolidated period of July-December 2020. In...

Resumption of special OMS of rice: Food ministry in to-be or not-to-be situation

Resumption of special OMS of rice: Food ministry in to-be or not-to-be situation

REZAUL KARIM 2020-07-25 10:30:38

The food ministry is facing a dilemma over whether to resume special open market sale (OMS) of rice at Tk 10 per kg or continue with existing normal OMS service, officials said. To this effect, it...

Setting up plant seed institute: Move revived after two decades

Setting up plant seed institute: Move revived after two decades

JASIM UDDIN HAROON 2020-07-25 10:00:29

The government has recently taken a fresh move to establish an institute for conserving the country's plant seeds or germplasm, both traditional and endangered ones. The Cabinet, the executive office...

Virus stalls six PPP projects

Virus stalls six PPP projects

MUNIMA SULTANA 2020-07-25 09:56:54

The work of six Public-Private Partnership (PPP) projects involving over US$ 3.0 billion investment has virtually come to a halt due to Covid-19 pandemic. Besides, the uncertainty looms large over...

Online land tax payment likely from August

Online land tax payment likely from August

TALHA BIN HABIB 2020-07-25 09:51:08

Online payment of land related taxes is expected to begin from next month as part of the government's move to digitalise the country's land management system, according to land ministry officials....

Pandemic pushes back rural migrants

Pandemic pushes back rural migrants

ADNAN HOSSAIN BHUIYAN 2020-07-25 09:46:18

Farida Begum served as a domestic help in three households in the city's Rampura area before the coronavirus pandemic arrived in Bangladesh. But two of her employers told her not to come until the vi...

Mango export from Rajshahi to European markets continues

Mango export from Rajshahi to European markets continues

-- 2020-07-24 20:27:15

Exporting of mangoes from Rajshahi to European markets has been continuing since July 13 last making many people happy in the region. “This time, the third consignment of ‘Fazly’ an...

BD exempted from Indian trade curb targeting China

BD exempted from Indian trade curb targeting China

FE Online Report 2020-07-24 17:20:38

India has excluded Bangladesh from its latest trade restrictions imposed on the businessmen of its neighbouring countries. The restrictions, mainly aimed at Chinese businessmen, was imposed through a...

BD gold prices at record high

BD gold prices at record high

-- 2020-07-24 11:06:35

Jewellers in Bangladesh have raised gold prices to a record high amid the coronavirus pandemic. They will sell the yellow metal of the best quality, 22 carat, at Tk 72,783 per Bhori (11.664 grams) fr...

Euro, gold on a high as the dollar breaks down

Euro, gold on a high as the dollar breaks down

REUTERS 2020-07-24 10:45:04

Financial markets greeted Friday with a number of milestones as the euro celebrated a 21-month peak against an embattled dollar, while Asian equities paused short of a six-month top and gold neared it...

Nepal to sell power to BD, India

Nepal to sell power to BD, India

FE REPORT 2020-07-24 10:27:01

Nepal has allowed its energy authorities to trade electricity with Indian and Bangladesh, according to the Himalayan Times. The government recently gave the go-ahead to the Nepal Electricity Author...

India toughens import rules for bidders from bordering nations

India toughens import rules for bidders from bordering nations

REUTERS 2020-07-24 10:10:29

India on Thursday said bidders from bordering countries eyeing government contracts would need prior registration and security clearances, a move seen as New Delhi’s latest effort to counter Chi...

Covid-19 erodes business confidence

Covid-19 erodes business confidence

FE Report 2020-07-24 09:47:19

The uncertainties over the Covid-19 pandemic have eroded the country's business confidence index (BCI) at a very low level in the fiscal year 2019-20, according to a study conducted by Light Castle...

Stimulus for CMS enterprises: BB launches credit guarantee scheme

Stimulus for CMS enterprises: BB launches credit guarantee scheme

SIDDIQUE ISLAM 2020-07-24 09:37:21

The central bank has approved a policy on Credit Guarantee Scheme (CGS) for the first time aiming to expedite financing in the country's cottage, micro and small (CMS) enterprises, officials said. Th...

RHD signs deal first deal for development of bridges during Covid period

RHD signs deal first deal for development of bridges during Covid period

FE ONLINE REPORT 2020-07-23 22:11:27

Roads and Highways Department (RHD) on Thursday signed its first contract since the outbreak of Covid-19 in Bangladesh worth Tk 6.50 billion, under a JICA-funded project to upgrade and replace 21 brid...

Prices of spices increase as Eid-ul-Azha approaches

Prices of spices increase as Eid-ul-Azha approaches

FE ONLINE REPORT 2020-07-23 20:02:58

Prices of most of spices increased last week as the sacrificial festival Eid-ul-Azha approaches, said market insiders. However, prices of Hilsa witnessed a slight decline as the two -month long ban o...

BB extends RMG exporters’ policy supports for six more months   

BB extends RMG exporters’ policy supports for six more months  

FE Online Report 2020-07-23 18:25:10

The central bank on Thursday has extended its policy supports for foreign trade transactions by six months for readymade garment and textile good exporters only. According to a notification issued by...

Japan’s private sector keen to drive investment in BD

Japan’s private sector keen to drive investment in BD

FE Online Report 2020-07-23 18:14:02

Over 200 Japanese private sector participants expressed their interest to drive investment in Bangladesh through a webinar on Wednesday. The online conference titled ‘Dialogue to Drive Japanes...

Dollar hits four-month lows as Sino-US tensions loom

Dollar hits four-month lows as Sino-US tensions loom

REUTERS 2020-07-23 16:03:29

The US dollar hit four-month lows against a basket of peer currencies on Thursday, resuming its slide as investors took a wait and see approach to tensions between the United States and China. The Un...