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The Financial Express

Search results for: trade

Twitter CEO Jack Dorsey to step down

Twitter CEO Jack Dorsey to step down

-- 2021-11-29 22:00:50

Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role and a successor has been lined up, a person familiar with the matter told Reuters. The company's board has been preparing...

‘Walton is a sophisticated, state-of-the-art industry’

‘Walton is a sophisticated, state-of-the-art industry’

FE ONLINE DESK   2021-11-29 15:34:05

“Walton is a mirror of emerging Bangladesh”, Foreign Minister Dr AK Abdul Momen said after visiting its factory, adding that anyone who sees Walton factory, can see emerging Bangladesh and...

EPB to promote export of jute-leaf drink

EPB to promote export of jute-leaf drink

FE REPORT 2021-11-29 10:27:10

A local inventor of jute-leaf drink has proposed the government to undertake a programme to facilitate export of the product to the European countries, particularly Germany, having its demand. Isma...

Swelling of non-performing loans erodes banks' capital base

Swelling of non-performing loans erodes banks' capital base

SIDDIQUE ISLAM 2021-11-29 08:18:09

Banks' capital base has been weakened further by higher growth of non-performing loans (NPLs), officials said Sunday, based on their September situation. The capital-to-risk weighted asset ratio (C...

BGMEA teams up with CNN to promote 'Made in Bangladesh'

BGMEA teams up with CNN to promote 'Made in Bangladesh'

-- 2021-11-28 21:52:50

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has formed a partnership with US-based CNN International Commercial (CNNIC) to promote ‘Made in Bangladesh’ by showca...

More than 30 Saudi Arabian companies want to invest in Bangladesh

More than 30 Saudi Arabian companies want to invest in Bangladesh

-- 2021-11-28 17:32:03

Saudi Arabian Minister for Transport and Logistic Services Saleh Nasser Al-Jasser has said many public and private companies of his country are keen to invest in Bangladesh in infrastructure developme...

Amazon, Future Group officials summoned over 2019 deal

Amazon, Future Group officials summoned over 2019 deal

-- 2021-11-28 14:35:26

India's economic crime-fighting agency summoned officials of Amazon.com Inc and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to source...

Special police team approved for Dhaka Mass Transit Company

Special police team approved for Dhaka Mass Transit Company

MUNIMA SULTANA 2021-11-28 11:15:25

As the first ever metro rail will open to traffic in the city in a year or two, a 357-member special police team will be formed to ensure safety and security of the state-of-the-art transportation sys...

eReturn of tax files getting massive response

eReturn of tax files getting massive response

DOULOT AKTER MALA 2021-11-28 10:50:06

Rowshon Ara Akter, a housewife who lives in the city's New Eskaton area, got puzzled last year getting a notice from the income tax office after the expiry of the deadline for return submission for...

New tourism law to lure international companies, increase visitors

New tourism law to lure international companies, increase visitors

SAJIBUR RAHMAN 2021-11-28 10:34:03

The newly-enacted law for the tourism industry is expected to attract international operators to expand their operations in Bangladesh and increase the number of tourists here, experts and stakeholder...

BRAC to collaborate with BGMEA in tech solutions

BRAC to collaborate with BGMEA in tech solutions

FE REPORT 2021-11-28 10:21:20

BRAC is willing to collaborate with the apparel apex body BGMEA in supporting garment factories to adopt sustainable technological solutions along with relevant knowledge. The interest was expresse...

International Investment Summit kicks off today

International Investment Summit kicks off today

FE REPORT 2021-11-28 09:12:23

Foreign investors are showing greater interest in the country's ICT, pharmaceutical, agro processing, light engineering and automobile sectors, and blue economy in addition to the apparel sector. To...

Daily BPC profit now swells to Tk 25m

Daily BPC profit now swells to Tk 25m

M AZIZUR RAHMAN 2021-11-28 09:04:52

Global oil prices crashed over fears of demand slump with the spread of newly exposed Covid variant 'Omicron' and the twist gave the state-run Bangladesh Petroleum Corporation (BPC) to see its profits...

Bangladesh against EU's safeguard clause on clothing

Bangladesh against EU's safeguard clause on clothing

MONIRA MUNNI 2021-11-28 08:39:46

Bangladesh has requested the European Commission (EC) to remove one particular provision from its GSP plus system to help the country's textile and RMG products address the safeguard measures that are...

Prices of edible oil, chicken, pulses see fresh hike

Prices of edible oil, chicken, pulses see fresh hike

FE REPORT 2021-11-27 09:46:44

Prices of edible oils, broiler chickens and pulses increased further last week intensifying the sufferings of the low-income consumers. Loose soybean and loose palm oil prices further increased by...

Chinese company's request for extension of Karnaphuli tunnel timeline rejected

Chinese company's request for extension of Karnaphuli tunnel timeline rejected

MIR MOSTAFIZUR RAHAMAN 2021-11-27 09:23:11

The government demurred as the Chinese contractor for the Bangabandhu Tunnel down the Karnaphuli river proposed that the project-implementation period be extended by one year, highly placed sources sa...

Plastic sector's exports rise by 15pc

Plastic sector's exports rise by 15pc

ARAFAT ARA 2021-11-27 09:08:13

The country's plastic manufacturing sector has been maintaining a steady growth over the years against the backdrop of growing demand for plastic products in domestic and international markets, accord...

Postal directorate plans changes in EMS slabs, charges

Postal directorate plans changes in EMS slabs, charges

SYFUL ISLAM 2021-11-27 09:00:53

The postal directorate has taken a move to change the charges and slabs of its express mail service (EMS) to streamline the service for making it customer-friendly, officials said. The authorities...

Chittagong Port Authority moves to raise charges, port users concerned

Chittagong Port Authority moves to raise charges, port users concerned

JASIM UDDIN HAROON 2021-11-27 08:56:51

A move is on to readjust upward the tariffs on services at Bangladesh's biggest port in Chattogram, which port-users say will impact the entire economy at a crunch time. Chittagong Port Authority (...

WTO postpones 12th ministerial conference indefinitely

WTO postpones 12th ministerial conference indefinitely

FE Online Report 2021-11-27 08:47:32

World Trade Organization (WTO) has postponed the 12th Ministerial Conference (MC12) for an indefinite period amidst the upsurge in Covid-19 cases. No date has been set for the rescheduling of the hig...

Global oil prices dive to two-month low on COVID-19, surplus jitters

Global oil prices dive to two-month low on COVID-19, surplus jitters

-- 2021-11-26 20:47:06

Oil prices dived more than 5 per cent on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil...

Experts call for promoting jackfruit processing for its value addition

Experts call for promoting jackfruit processing for its value addition

-- 2021-11-26 18:29:59

Agriculture experts and researchers have unequivocally called for promoting jackfruit processing for its value addition and protection from being wasted after the best uses of modern technologies. Th...

National Bank MD steps down

National Bank MD steps down

FE REPORT 2021-11-26 10:02:35

Managing Director (MD) and Chief Executive Officer (CEO) of National Bank Limited Shah Syed Abdul Bari has stepped down from his position showing health conditions as a cause. The resignation came...

Foreign suppliers cut LNG supply to Bangladesh

Foreign suppliers cut LNG supply to Bangladesh

M AZIZUR RAHMAN 2021-11-26 09:44:39

Contracted long-term LNG suppliers have slashed the sales commitment to Bangladesh for next year to cash in on 'volatile' spot-market prices amid post-corona business rebound, sources said. The sho...

Uber pledges to reduce noise pollution

Uber pledges to reduce noise pollution

-- 2021-11-25 19:22:30

Uber has pledged to reduce noise pollution by encouraging drivers to be responsible when honking as it marks its fifth anniversary in Bangladesh. It also marked ‘No Honking Day’ to raise...

Shikho acquires online professional courses platform Bohubrihi  

Shikho acquires online professional courses platform Bohubrihi  

-- 2021-11-25 16:42:43

Shikho, the Dhaka-based EdTech startup has confirmed it has acquired Bohubrihi, one of the leading online professional course platforms in the country. The move signals an acceleration of Shikho&rsquo...

‘Mojar School’ day out at Fantasy Kingdom complex for street kids

‘Mojar School’ day out at Fantasy Kingdom complex for street kids

FE ONLINE DESK 2021-11-25 14:44:22

Fantasy Kingdom complex has prepared a day out in the park for underprivileged children with 300 free tickets, free rides, transportation, and meals for all of them. Odommo Foundation's Mojar School,...

Pfizer sues departing employee it says stole Covid-19 vaccine documents

Pfizer sues departing employee it says stole Covid-19 vaccine documents

-- 2021-11-25 13:26:03

Pfizer has sued a longtime employee for allegedly stealing "scores" of confidential documents, including some related to its Covid-19 vaccine, as she prepared to jump to a competitor. In a complaint...

Bangladesh to push for a functional WTO, alongside reforms

Bangladesh to push for a functional WTO, alongside reforms

FE REPORT 2021-11-25 10:08:06

Bangladesh will support the proposed reforms of the World Trade Organization (WTO) which some member countries are seeking, but will push for keeping the body functional, o...

Banks' provision shortfall against loans hit Tk 62b in nine months

Banks' provision shortfall against loans hit Tk 62b in nine months

SIDDIQUE ISLAM 2021-11-25 08:38:03

Provision shortfall against loans, particularly classified ones, in Bangladesh's banking system marked a steep fiftyfold rise during the first nine months of the current calendar year. The aggregat...