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The Financial Express

Search results for: trade

FBCCI for scrapping licenses of traders found guilty of hoarding

FBCCI for scrapping licenses of traders found guilty of hoarding

FE ONLINE REPORT 2022-05-28 18:06:34

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday urged scrapping licenses of the traders found guilty of illegal hoarding of essential commodities creating an artific...

Russia may allow cryptocurrency to counter impact of sanctions

Russia may allow cryptocurrency to counter impact of sanctions

-- 2022-05-28 17:54:00

Russia is considering allowing cryptocurrency to be used for international payments, a government official says. "The idea of using digital currencies in transactions for international settlements is...

foodpanda's MD Ambareen Reza contends for e-CAB seat

foodpanda's MD Ambareen Reza contends for e-CAB seat

FE ONLINE DESK 2022-05-28 16:04:52

Ambareen Reza, co–founder and managing director of foodpanda Bangladesh, has pledged to move forward with everyone to create a collaborative environment for the e-commerce sector to thrive on. S...

MNOs lost 0.69m subscribers in April

MNOs lost 0.69m subscribers in April

FE REPORT 2022-05-28 12:03:16

The country's mobile network operators (MNOs) lost 0.69 million internet subscribers in April this year after gaining 1.21 million in the month before (March), according to fresh data released by Bang...

Govt set to fix home tex, terry towel products' wastage rate

Govt set to fix home tex, terry towel products' wastage rate

FE REPORT 2022-05-28 10:25:01

The government is set to fix the wastage rate for home textile and terry towel products to remove some hurdles and boost exports, officials said. In this connection, the Ministry of Commerce (MoC) re...

Malaysia may resume hiring workers from Bangladesh soon

Malaysia may resume hiring workers from Bangladesh soon

ARAFAT ARA 2022-05-28 08:48:36

Malaysia is likely to resume recruitment of manpower from Bangladesh soon, as both the countries are going to hold a secretary-level meeting next week to discuss the unresolved issues related to man...

War in input hubs worrisome for next boro harvest

War in input hubs worrisome for next boro harvest

YASIR WARDAD 2022-05-28 08:39:47

The Russia-Ukraine war looks worrisome for next major rice harvest in Bangladesh as supply chain of MOP fertiliser in the Boro-farming season may be affected, US agronomists say. The United States...

Public Procurement and e-GP system: Push for capacity building of women bidders

Public Procurement and e-GP system: Push for capacity building of women bidders

FE REPORT 2022-05-27 11:35:16

Speakers during a webinar on Thursday underscored the need for capacity building of women bidders at public procurement and the e-GP system. The virtual discussion on 'Public Procurement and the e-GP...

Bancassurance guidelines finalised

Bancassurance guidelines finalised

JASIM UDDIN HAROON 2022-05-27 09:25:39

The central bank has finalised the bancassurance guidelines, elaborating on how the banks would join the bandwagon. All the stakeholders signed the guidelines at a ceremony at the Bangladesh Bank (BB...

BBC moves channels online to cut costs

BBC moves channels online to cut costs

-- 2022-05-27 09:05:30

Britain's BBC will move its children's CBBC channel and culture-focused BBC 4 online and merge its global and national news channels in changes announced on Thursday that will save millions of pounds...

Forex spent on fish import despite self-sufficiency

Forex spent on fish import despite self-sufficiency

DOULOT AKTER MALA 2022-05-27 08:57:06

Huge foreign currencies go out for fish import despite Bangladesh being self-sufficient in fisheries production, at a time when the government goes all out to replenish its reserves. The country ra...

Global automakers face electric shock in China

Global automakers face electric shock in China

-- 2022-05-26 19:19:34

If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock.Kings of the combustion age such as General Motors and Volkswagen are falling behi...

DCCI president urges Indian investors to invest in EZs

DCCI president urges Indian investors to invest in EZs

FE ONLINE REPORT 2022-05-26 15:18:29

Dhaka Chamber of Commerce and Industries (DCCI) President Rizwan Rahman urged Indian investors to invest in the economic zones (EZs) in Bangladesh. Rizwan Rahman made the call as a 47-member business...

People suffer, industries shut as gas outage continues at Kamrangrichar

People suffer, industries shut as gas outage continues at Kamrangrichar

SAIF UDDIN 2022-05-26 09:34:13

Residents of the city's Kamrangrichar area have been suffering after the Titas Gas authority cuts off gas supply there in a bid to prevent illegal connections and recover arrears. They are in a fix...

Indian diesel to be piped in Bangladesh by Oct

Indian diesel to be piped in Bangladesh by Oct

M AZIZUR RAHMAN 2022-05-26 09:12:36

Diesel import from India through an under-construction cross-border pipeline is set to begin by October, propping up drives for feeding growing fuel demand in Bangladesh. A high-powered delegation fr...

Refined edible oil import VAT may go

Refined edible oil import VAT may go

FE REPORT 2022-05-26 08:55:44

In a bid to enhance the supply of edible oils in the domestic market, the government has moved to withdraw value-added tax (VAT) on imports of all kinds of refined cooking oils, officials said. The...

Corporate e-return comes to ease taxing businesses

Corporate e-return comes to ease taxing businesses

DOULOT AKTER MALA 2022-05-26 08:51:39

Tasked with pooling higher funds for financing steadily increasing national budget, the revenue authority now moves to automate the corporate tax-return filing for the ease of business taxpayers. O...

Balancing forex earning, spending: Bankers' summit to set rules of trade

Balancing forex earning, spending: Bankers' summit to set rules of trade

SIDDIQUE ISLAM 2022-05-26 08:24:58

A bankers' summit meet is going to set rules on how to manage the ongoing volatility on Bangladesh's foreign-exchange market, in the cusp of a global financial crunch. Officials say the central ban...

Square Pharma says factory fire will wipe Tk 80m off profits

Square Pharma says factory fire will wipe Tk 80m off profits

-- 2022-05-25 21:15:34

Square Pharmaceuticals has said the fire at its factory in Gazipur’s Kaliakoir will burn through the company’s revenues by Tk 500 million and profits by Tk 80 million.The fire that devasta...

iDEA signs MoU with NSU to create startup ecosystem

iDEA signs MoU with NSU to create startup ecosystem

FE ONLINE REPORT 2022-05-25 19:22:52

The Innovation Design and Entrepreneurship Academy (iDEA) Project of Bangladesh Computer Council (BCC) under the ICT Division and the North South University (NSU) will work together to create a sustai...

Bangladesh set to import 1.0m tonnes of wheat from India 

Bangladesh set to import 1.0m tonnes of wheat from India 

-- 2022-05-25 17:23:44

Bangladesh has a plan to import up to 1.0 million tonnes of wheat from India under government to government contract and necessary steps already have been taken by the concerned food ministry. ...

Russian oil's Achilles' heel: insurance 

Russian oil's Achilles' heel: insurance 

-- 2022-05-25 16:41:16

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by...

India's SpiceJet airline says its systems face ‘attempted ransomware attack’

India's SpiceJet airline says its systems face ‘attempted ransomware attack’

-- 2022-05-25 16:23:43

India's SpiceJet airline said its systems faced an "attempted ransomware attack" on Tuesday, delaying flights and leaving many stranded at airports. Several flights were delayed on Wednesday, with pa...

Plan to meet 40pc edible oil demand locally

Plan to meet 40pc edible oil demand locally

YASIR WARDAD 2022-05-25 08:42:15

The government has prepared a draft roadmap to raise local edible oil production by nearly 200 per cent within the fiscal year (FY) 2024-25, which could meet minimum 40 per cent of the country's total...

Food directorate struggles to collect wheat as price increases in open market

Food directorate struggles to collect wheat as price increases in open market

-- 2022-05-24 20:11:33

Officials from the Directorate General of Food are struggling to collect wheat at the government-fixed Tk 28 per kg price to stock for rationing this year as farmers are selling wheat in the open mark...

Rouble 2.5pc stronger against dollar, 3.0pc against euro

Rouble 2.5pc stronger against dollar, 3.0pc against euro

-- 2022-05-24 19:22:53

The Russian rouble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted by export-focused companies selling foreign currency to pay taxes and shrugging off a slight...

No data to support changing 737 MAX 10 cockpit alerting, Boeing executive says

No data to support changing 737 MAX 10 cockpit alerting, Boeing executive says

-- 2022-05-24 19:08:33

A Boeing Co  executive said there was no need to revamp the cockpit crew alerting system in its forthcoming 737 MAX 10 jet, as the US planemaker races to complete its certification before a year-...

DCCI delegation off to Kolkata to explore more trade opportunities

DCCI delegation off to Kolkata to explore more trade opportunities

FE ONLINE REPORT 2022-05-24 18:48:54

A 49-member business delegation from Dhaka Chamber of Commerce & Industry (DCCI), led by its President Rizwan Rahman, leaves for Kolkata on Tuesday to explore new windows of opportunities and to e...

India may restrict sugar exports for first time in six years

India may restrict sugar exports for first time in six years

-- 2022-05-24 16:33:51

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes, a government source said....

Airbnb to quit China as lockdowns restrict tourism

Airbnb to quit China as lockdowns restrict tourism

-- 2022-05-24 13:25:15

Airbnb is shutting down its domestic rentals in China, where a "zero-Covid" policy has meant lockdowns are ongoing. All listings for homes and experiences in the country will be removed f...