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The Financial Express

Search results for: trade

Two more firms get permission for exporting wet-blue leather

Two more firms get permission for exporting wet-blue leather

-- 2021-08-05 09:42:46

The government has allowed two more companies to export wet-blue leather to ensure its fair price in the local market, especially during the Eid-ul-Azha. The firms - New Kajol Tannery Ltd and Feni Ta...

Rate on loans cut for women entrepreneurs

Rate on loans cut for women entrepreneurs

FE REPORT 2021-08-05 09:34:30

The central bank has slashed interest rate on loans under its refinancing scheme for small enterprises by 2.0 percentage points to facilitate women entrepreneurs, officials said. All the scheduled ba...

Three China-funded rail projects see no headway in more than 4 years

Three China-funded rail projects see no headway in more than 4 years

MUNIMA SULTANA 2021-08-05 08:41:52

Bangladesh Railway (BR) is yet to make any headway in implementing three out of four projects with the Chinese fund, though four and a half years have passed. Regarding the Chinese government's sup...

Car stockpiles jamming Bangladesh seaports amid shutdown

Car stockpiles jamming Bangladesh seaports amid shutdown

JASIM UDDIN HAROON 2021-08-05 08:31:32

Imported car stockpiles at Bangladesh's two main seaports hit an all-time high principally as roads are off-limits and shops shuttered amid corona curbs. Sources in the business circles say importers...

Bangladesh improves ranking in commercial services trade

Bangladesh improves ranking in commercial services trade

FE Online Report 2021-08-04 21:08:10

Bangladesh became the 72nd leading country in the global commercial services trade in the last year, according to the World Trade Organization (WTO). The country improved its ranking modestly within...

Bangladesh’s stock market holds ‘hidden gems’ for investors, HSBC says

Bangladesh’s stock market holds ‘hidden gems’ for investors, HSBC says

-- 2021-08-04 19:34:07

The stock market in Bangladesh deserves more attention as it holds opportunities for investors looking for diversification and ‘hidden gems'  Devendra Joshi, ASEAN and Frontier Markets Equ...

Sadai app launched for trading farm produces

Sadai app launched for trading farm produces

FE Online Report 2021-08-04 15:38:59

The government on Wednesday launched a digital marketing app styled 'Sadai' for trading agricultural products with an aim to ensure fair price for farmers. It is the first-ever marketing app for farm...

Time-cost overruns in cargo release under probe

Time-cost overruns in cargo release under probe

DOULOT AKTER MALA 2021-08-04 09:55:47

Apparel exporters' allegation of time and cost overruns in cargo release at off-docks around Chattogram seaport comes under probe by government's revenue authority. Officials say the National Board o...

No oil price hike now despite rise in international market

No oil price hike now despite rise in international market

M AZIZUR RAHMAN 2021-08-04 08:40:03

The government is not considering hiking the prices of petroleum products in domestic market now, despite incurring loss by selling those due to rising trend of the fuel prices in international market...

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

REUTERS 2021-08-03 20:56:46

PepsiCo Inc unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on Tuesday, as it looks to simplify its product range and m...

Epic group donates Tk 0.5m to BGMEA Covid fund

Epic group donates Tk 0.5m to BGMEA Covid fund

FE ONLINE REPORT 2021-08-03 19:15:41

Epic Group on Tuesday contributed Tk 500,000 to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) fund, formed to support Covid-19 affected people. On behalf of Epic Group, its G...

Merchandise export falls by 11.19pc in July'21: EPB

Merchandise export falls by 11.19pc in July'21: EPB

FE ONLINE REPORT 2021-08-03 17:39:43

The country’s merchandise export fell by 11.19 per cent to US$3.47 billion in July’21 year on year, according to Export Promotion Bureau (EPB) data. Bangladesh fetched US$3.91 billion in...

ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures

ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures

Reuters 2021-08-03 16:37:22

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia's coal-fired power plants in order to lower the bi...

ADB, Citi, HSBC, Prudential plan for Asian coal-fired closures

ADB, Citi, HSBC, Prudential plan for Asian coal-fired closures

-- 2021-08-03 11:37:31

Financial firms including British insurer Prudential, lenders Citi and HSBC as well as BlackRock Real Assets are devising plans to speed the closure of Asia's coal-fired power plants in order to lower...

Qantas idles 2,500 more staff as fresh Covid restrictions slash domestic travel demand

Qantas idles 2,500 more staff as fresh Covid restrictions slash domestic travel demand

-- 2021-08-03 11:23:43

Qantas Airways Ltd is temporarily idling about 2,500 employees without pay for at least two months in a bid to cope with fresh COVID-19 restrictions in Australia slashing domestic travel demand. The...

Evaly seeks six months' time to reply to show-cause notice

Evaly seeks six months' time to reply to show-cause notice

FE REPORT 2021-08-03 09:47:23

E-commerce platform Evaly has sought a minimum of six months' time to respond in details to the commerce ministry's show-cause notice. "… we are seeking at least six months more to reply to th...

Buyers urged to nominate more shipping liners

Buyers urged to nominate more shipping liners

MONIRA MUNNI 2021-08-03 09:46:12

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has recently requested global apparel buyers to nominate more shipping liners and off-docks to help timely shipment of export contain...

BTRC signs Tk 776.5m deal with Canadian TKC Telecom

BTRC signs Tk 776.5m deal with Canadian TKC Telecom

FE REPORT 2021-08-03 09:37:20

The Bangladesh Telecommunication Regulatory Commission (BTRC) is going to purchase monitoring mechanism from Canadian TKC Telecom to monitor the country's mobile operators in real time. The BTRC sign...

Export container backlog at Chattogram off docks lessens

Export container backlog at Chattogram off docks lessens

FE REPORT 2021-08-03 08:37:18

The number of goods-laden export containers at the off docks in Chattogram has lessened significantly now compared to a few weeks back when it reached over 16,000 twenty-foot equivalent units (TEUs)...

‘Digital economy increasingly overcomes COVID-19 disruptions’

‘Digital economy increasingly overcomes COVID-19 disruptions’

-- 2021-08-02 19:02:19

Participants at a webinar, titled ‘Accelerate Digital Economy for Inclusive Integration in the Asia Pacific – Connecting Digital Industries in Pandemic’ have said that the digital ec...

Owners urge govt to reopen restaurants amid business hardship

Owners urge govt to reopen restaurants amid business hardship

FE ONLINE REPORT 2021-08-02 15:34:28

Owners have urged the government to allow reopening hotels and restaurants after the ongoing lockdown ends on August 5 as the people involved in the sector are facing business hardships in the pandemi...

Secondary transactions of treasury bills, bonds cross Tk 1.0 trillion in FY21

Secondary transactions of treasury bills, bonds cross Tk 1.0 trillion in FY21

FE ONLINE REPORT 2021-08-02 11:08:27

Transactions of Bangladesh government’s fixed-income tradable securities in the secondary market crossed Tk 1.0 trillion level in the past fiscal year (FY21). Statistics available with Banglade...

Tech education needs upgrading

Tech education needs upgrading

FE REPORT 2021-08-02 09:57:16

Speakers at a virtual discussion on Sunday said industries and academia need to work together to minimise the gap between the education system and the industry requirements. They said Bangladesh re...

Cumbersome procedure impeding export, import

Cumbersome procedure impeding export, import

DOULOT AKTER MALA 2021-08-02 09:15:09

Apparel exporters alleged that complex procedures to avail VAT exemption on services, offered by off-docks and ports, are hindering smooth export-import activities. Export-oriented sectors are exempt...

84pc industrial units reopen

84pc industrial units reopen

FE REPORT 2021-08-02 08:58:19

Some 84 per cent of the country's textile and readymade garment (RMG) factories under the purview of Industrial Police resumed their production on Sunday after the government allowed operation of all...

BERC’s no to term extension of five oil-fired quick rental power plants

BERC’s no to term extension of five oil-fired quick rental power plants

M AZIZUR RAHMAN 2021-08-02 08:37:48

The country's energy regulator has turned down a proposal to extend the tenures of five oil-fired quick rental power plants (QRPPs) in line with its order issued last year, officials said. "We have c...

Substandard ambulances rule Dhaka city

Substandard ambulances rule Dhaka city

JUBAIR HASAN and ADNAN HOSSAIN BHUIYAN 2021-08-02 08:25:53

Mushrooming substandard ambulances are also doing brisk business through freewheeling sans guidance so far to cash in on the long-running pandemic crisis as regulators look on, sufferers say. Ambulan...

e-GP tenders cross 0.5m-mark

e-GP tenders cross 0.5m-mark

-- 2021-08-01 20:47:22

The number of tenders invited through e-GP portal crossed 0.5 million on August 1, 2021 with a total value of about 5.10499 trillion (Tk 5,10,499 crore). This is a landmark achievement of the electro...

PM’s adviser invites US investment in offshore oil, gas explorations

PM’s adviser invites US investment in offshore oil, gas explorations

UNB 2021-08-01 18:37:57

Prime Minister's Adviser for Power, Energy and Mineral Resources Dr Tawfiq-E-Elahi Chowdhury has encouraged the US companies, including ExxonMobil, to invest in oil and gas explorations in Bangladesh,...

BTRC to hold virtual public hearing Aug 22

BTRC to hold virtual public hearing Aug 22

FE REPORT 2021-08-01 08:54:34

The Bangladesh Telecommunication Regulatory Commission (BTRC) is going to hold a virtual public hearing on complaints and grievances about the services of the telecommunications industry and the reg...