Loading...
The Financial Express

Search results for: trade

Shwapno inaugurates new outlet in Dhanmondi

Shwapno inaugurates new outlet in Dhanmondi

FE ONLINE DESK 2022-01-15 12:25:23

Shwapno, the largest grocery chain shop in Bangladesh, has opened its 202nd branch in Dhaka’s Dhanmandi-8. The outlet was inaugurated in the presence of Pradip Kar Chowdhury, Executive Director...

Vast swathes of duty-free market facilities for Bangladesh yet untapped

Vast swathes of duty-free market facilities for Bangladesh yet untapped

REZAUL KARIM 2022-01-15 09:06:30

Bangladesh's products have so far got duty-free market access to only 38 countries, leaving vast swathes of potential untapped, trade officials say. The deficiency is attributed to a lack of proact...

Lower turnout, slow-going sales at Dhaka trade fair

Lower turnout, slow-going sales at Dhaka trade fair

FE REPORT 2022-01-15 09:01:06

The 26th Dhaka International Trade Fair (DITF)-2022 has yet to raise the traders' expectations mainly due to inadequate sales for lower customer turnout, according to the participants. On the 14th...

Consultation on WB's doing business report begins next week

Consultation on WB's doing business report begins next week

SYFUL ISLAM 2022-01-15 08:54:46

The World Bank (WB) will start consultation next week with board members about designing replacement of its flagship 'Doing Business' report that evaluates business climate of the countries globally....

Corporate tax payment couldn't impress revenue board

Corporate tax payment couldn't impress revenue board

DOULOT AKTER MALA 2022-01-15 08:51:41

The revenue board finds the banks and large companies a bit tight-fisted in paying into public exchequer as corporate-tax collection from the latter grew 7.5 per cent in the first six months of the cu...

Facebook faces $3.2b UK class action over market dominance

Facebook faces $3.2b UK class action over market dominance

-- 2022-01-14 17:18:56

Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) class action in Britain over allegations it abused its market dominance by exploiting the p...

Prices of nearly all essentials yet to tame at weekend

Prices of nearly all essentials yet to tame at weekend

FE ONLINE REPORT 2022-01-14 15:35:22

Almost all of the essential commodities remained static in Dhaka city’s kitchen markets at the weekend, maintaining the previous hike. Prices of broiler chickens, red eggs, as well as Pakistani...

Union Insurance's net profit jumps 59pc in Jan-Sept

Union Insurance's net profit jumps 59pc in Jan-Sept

FE REPORT 2022-01-14 08:53:00

Union Insurance Company, which will make its debut on Sunday, posted a 59 per cent growth in profit for January-September, 2021 compared to the same period a year earlier. The newly listed Union Insu...

RMG-like safety in other sectors also needed: CPD

RMG-like safety in other sectors also needed: CPD

FE REPORT 2022-01-14 08:47:42

Industrial safety measures in non-RMG enterprises need to be similar to those in the RMG sector, in order to reduce accidents and casualties, said the Centre for Policy Dialogue (CPD). "Rigorous indu...

Cotton crisis looms in Bangladesh on feeder vessel shortage

Cotton crisis looms in Bangladesh on feeder vessel shortage

FE REPORT 2022-01-14 08:46:28

Primary textile millers on Thursday expressed fear that the sector might face a crisis of cotton in March and onwards as the global shipping lines are showing unwillingness to carry containers to Bang...

BGMEA calls on apparel exporters to focus on high-end item

BGMEA calls on apparel exporters to focus on high-end item

-- 2022-01-13 21:00:23

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called on the country's apparel exporters to focus more on value-added, high-end apparel items as their demand is high in the...

Go Zayaan: The answer to every travelling issue

Go Zayaan: The answer to every travelling issue

Shubhashish Chakraborty Turjoy 2022-01-13 19:28:08

Bangladesh has shown promise to embrace technology gracefully in recent times. Of the organisations that have been born in the era of digitisation, Go Zayaan has done wonders in revolutionising the tr...

Nagad users will get instant cashback on payment to Nitol Motors

Nagad users will get instant cashback on payment to Nitol Motors

-- 2022-01-13 18:33:05

Nagad has launched a campaign that will allow customers to get a cashback up to Tk 100 on monthly vehicle rental from Nitol Motors Ltd. The campaign, started on Jan 6, will run until Jan 31, accordin...

Crypto companies bet new mayor will make NY digital asset hub

Crypto companies bet new mayor will make NY digital asset hub

-- 2022-01-13 10:47:34

With US cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York City the permanent home of his cryptocurrency and blockchain start-up Ava L...

Apparel makers call for increasing number of freight trains, executing railway projects soon

Apparel makers call for increasing number of freight trains, executing railway projects soon

FE REPORT 2022-01-13 09:34:20

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called on the government to increase the number of trains on Dhaka-Chattogram route, especially freight ones, in order to facilit...

Oil price rise to continue in 2022, say analysts

Oil price rise to continue in 2022, say analysts

FE ONLINE DESK 2022-01-13 09:19:33

Oil prices that rallied 50 per cent in 2021 will power further ahead this year, some analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude to $90...

Bangladesh govt moves to boost import of key commodities

Bangladesh govt moves to boost import of key commodities

FE REPORT 2022-01-13 08:51:11

The government moves to enhance imports of key essential commodities to keep their supply and prices stable in the market in future, officials say. It will ask the traders and importers concerned to...

New batch of processed agro items await ministry nod for export subsidy

New batch of processed agro items await ministry nod for export subsidy

REZAUL KARIM 2022-01-13 08:44:51

A good number of processed agro items are set to be included into the list of export subsidy facility due to their potential of contributing to the country's export earnings. To this end, the commerc...

Central bank's good offices sought to repay Qcoom clients' money

Central bank's good offices sought to repay Qcoom clients' money

FE REPORT 2022-01-13 08:40:29

The commerce ministry has sought the central bank's steps to pay back Tk 590 million to the 6,721 customers of the online shopping platform Qcoom. The ministry has sent a letter to the governor of Ba...

Uber launches its services in Rangpur

Uber launches its services in Rangpur

-- 2022-01-12 17:48:20

Uber, the US-based ride-hailing service, has launched for riders and drivers in Rangpur, marking its expansion to all eight divisions in Bangladesh. They have also launched the Uber Moto programme in...

FBCCI president urges govt not to impose lockdown

FBCCI president urges govt not to impose lockdown

FE ONLINE DESK 2022-01-12 16:01:44

The FBCCI, the top trade organisation in the country, has called on the government not to impose another lockdown despite the new spike in COVID-19 cases. “Coronavirus cases are on the rise aga...

Smuggling through Benapole port rampant

Smuggling through Benapole port rampant

OUR CORRESPONDENT 2022-01-12 12:30:49

BENAPOLE: Smuggling through Benapole check post has been going on for a long time. While using the country's largest land port as a route for their illegal activities, some smugglers have recently...

US labour board sets dates for union vote at Amazon warehouse

US labour board sets dates for union vote at Amazon warehouse

FE ONLINE DESK 2022-01-12 12:15:05

The US National Labor Relations Board said on Tuesday that it will send unionization ballots to workers at an Amazon.com Inc warehouse in Bessemer, Alabama, on February 4, setting the stage for the ne...

Dollar slides against major peers as Powell soothes policy

Dollar slides against major peers as Powell soothes policy

-- 2022-01-12 10:26:17

The dollar slid to its weakest since November against major peers on Wednesday, after Federal Reserve Chair Jerome Powell said it may take several months to make a decision on running down the central...

TIB for including all parties in committee working on unified code of conduct for RMG

TIB for including all parties in committee working on unified code of conduct for RMG

FE REPORT 2022-01-12 08:58:20

Welcoming the proposed unified code of conduct for readymade garment industry, Transparency International Bangladesh (TIB) on Tuesday urged the RMG makers to include all stakeholders in the committee...

Climate smart farming to top agenda at D-8 ministerial meet today

Climate smart farming to top agenda at D-8 ministerial meet today

FE REPORT 2022-01-12 08:54:13

The seventh D-8 ministerial meeting on agriculture and food security is going to kick off today (Wednesday) in Dhaka, with an aim to pave the way for adopting climate-smart farming methods. Dhaka is...

Bangladesh eyes more tie-up with Australia

Bangladesh eyes more tie-up with Australia

SYFUL ISLAM 2022-01-12 08:51:36

As the possibility of a free-trade agreement (FTA) between Bangladesh and Australia is unlikely soon, trade officials suggest signing a bilateral investment treaty to bolster investment. Last Septe...

Bangladesh to retain EU dury-free facility, says envoy

Bangladesh to retain EU dury-free facility, says envoy

FE REPORT 2022-01-12 08:46:52

The European Union assures continuation of the duty-free and quota-free (DFQF) facility for Bangladeshi goods on the EU market even after its LDC graduation, says an official release. According to a...

Bonded warehouse digitisation project put on backburner

Bonded warehouse digitisation project put on backburner

DOULOT AKTER MALA 2022-01-12 08:40:20

Bond-management automation could use hardly 7.0 per cent of allocated funds in four years, with the project apparently put on the backburner while some "unduly" enjoy duty-free buy. People involved w...

Airport upgradation works to strengthen trade growth, BGMEA says

Airport upgradation works to strengthen trade growth, BGMEA says

-- 2022-01-11 20:05:47

BGMEA President Faruque Hassan has said the initiatives of upgrading airports and increasing capacity of cargo handling will be instrumental in underpinning economic growth in the country. “The...