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Search results for: trade

Sony trims profit forecast on weaker gaming outlook

Sony trims profit forecast on weaker gaming outlook

REUTERS 2022-07-29 14:08:43

Japan's Sony Group Corp on Friday cut its annual operating profit forecast by 4 per cent to 1.11 trillion yen ($8.37 billion) as it lowered expectations for its key gaming unit. Sony also posted a 9....

Crypto platform Zipmex files for bankruptcy protection in Singapore

Crypto platform Zipmex files for bankruptcy protection in Singapore

REUTERS 2022-07-29 11:25:20

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-base...

Billionaire Jack Ma plans to cede control of China's Ant Group

Billionaire Jack Ma plans to cede control of China's Ant Group

-- 2022-07-29 10:19:17

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a force...

UAE mkt holds out export potential for jute goods

UAE mkt holds out export potential for jute goods

ARAFAT ARA 2022-07-29 08:48:43

The United Arab Emirates (UAE) has emerged as a potential market for Bangladeshi jute goods, as the Arab nation has planned to gradually phase out different plastic-made products, including bags, offi...

Mongla port flags off garment shipment

Mongla port flags off garment shipment

-- 2022-07-29 08:47:27

For the first time, a shipment of garments produced in Bangladesh has been shipped abroad from Mongla port, opening a new avenue for the export sector in the country, reports bdnews24.com. The Maersk...

Dollar steady on kerb market

Dollar steady on kerb market

SIDDIQUE ISLAM 2022-07-29 08:37:35

The exchange rate of cash dollar against taka on the open market, known as kerb market, remained mostly unchanged on Thursday as the regulatory drive on money changers continues. Market operators s...

Gas fund goes for LNG import

Gas fund goes for LNG import

M AZIZUR RAHMAN 2022-07-29 08:35:45

The government gives Tk 20 billion from gas development fund (GDF), meant for extracting the domestic fossil fuel, to Petrobangla to spend on LNG imports from the volatile international market. Sourc...

Petrobangla to get Tk 20b to import LNG

Petrobangla to get Tk 20b to import LNG

-- 2022-07-28 21:05:16

The Finance Ministry has given its consent to provide Tk 20.0 billion to the Petrobangla from Gas Development Fund (GDF) to import liquefied natural gas (LNG). An official order reveals that as per t...

Insurance companies in Bangladesh not fully compliant with IFRS: Speakers

Insurance companies in Bangladesh not fully compliant with IFRS: Speakers

-- 2022-07-28 19:50:44

The Insurance companies in Bangladesh are preparing their financial statements in accordance with Insurance Act (1938) and Rules (1958) which are not fully compliant with the International Financial R...

Nuhash Humayun, Sunerah Binte Kamal wear Aarong at international film festival

Nuhash Humayun, Sunerah Binte Kamal wear Aarong at international film festival

-- 2022-07-28 18:56:51

Film director Nuhash Humayun and actor Sunerah Binte Kamal of ‘Moshari’ brought home the ‘Jury’s Choice Award’ at the 26th Bucheon International Fanta...

AB Bank inks MoU with ICAB on DVS

AB Bank inks MoU with ICAB on DVS

FE ONLINE DESK 2022-07-28 18:41:10

The Institute of Chartered Accountants of Bangladesh (ICAB) and AB Bank Limited have signed a MoU to get access to use the Document Verification System (DVS) to verify the authenticity of audited fi...

Community Bank directors congratulate new BB governor

Community Bank directors congratulate new BB governor

FE ONLINE DESK 2022-07-28 17:24:14

The board of directors of Community Bank Bangladesh Limited has congratulated the newly appointed Governor of Bangladesh Bank Abdur Rauf Talukdar. S M Ruhul Amin, additional IG (logistics and asset...

CCCI inks MoU with IIMK and BCI for sharing knowledge

CCCI inks MoU with IIMK and BCI for sharing knowledge

OUR CORRESPONDENT, CHATTOGRAM 2022-07-28 13:32:58

The Chittagong Chamber of Commerce and Industry (CCCI), Indian Institute of Management Kozhikode (IIMK) and Bangladesh Centre of Excellence (BCI) have signed a memorandum of understanding (MoU) for sh...

Experts push for nat'l logistics policy to stay competitive

Experts push for nat'l logistics policy to stay competitive

FE REPORT 2022-07-28 09:25:02

Bangladesh urgently needs to formulate a holistic national logistics policy to stay competitive in dealing with mounting volume of international trades in the coming years, experts said. They said th...

MCCI for using 2nd currency for int'l trading

MCCI for using 2nd currency for int'l trading

FE REPORT 2022-07-28 09:18:03

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggested considering using a second currency, other than the US dollar, for international trading. The proposal came up following vola...

BPC continues regular import of petroleum products

BPC continues regular import of petroleum products

M AZIZUR RAHMAN 2022-07-28 09:13:33

State-run Bangladesh Petroleum Corporation (BPC) is continuing regular import of petroleum products under contractual obligations amid austerity measures taken by the government to reduce fuel consu...

55pc US apparel buyers want to increase sourcing from Bangladesh: Study

55pc US apparel buyers want to increase sourcing from Bangladesh: Study

-- 2022-07-27 23:23:44

A recent US study has suggested that top American apparel buyers are more interested in sourcing their products from Bangladesh than from Vietnam, Indonesia, China, Cambodia and other competitors in t...

Microsoft forecasts double-digit revenue growth, soothes market fears

Microsoft forecasts double-digit revenue growth, soothes market fears

-- 2022-07-27 21:41:45

Microsoft Corp on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5 per cent. The strong outlook shows Micro...

Power stations in Bangladesh can now seek any amount of loan

Power stations in Bangladesh can now seek any amount of loan

-- 2022-07-27 20:09:11

The Bangladesh Bank has lifted the loan ceiling for power plants for the next six months in wanting to ease the ongoing energy crunch due to global crisis. As per the Bank Company Act, a bank can len...

FBCCI delegation leaves for India to attend buyer-seller meet

FBCCI delegation leaves for India to attend buyer-seller meet

-- 2022-07-27 17:28:05

A high-level business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has left Dhaka for India to join the 2nd North East India Buyer-Seller Meet aimed at boosting...

Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

-- 2022-07-27 17:23:55

Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up st...

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

REUTERS 2022-07-27 10:56:30

Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with T...

From burgers to gadgets, stressed consumers buy cheap

From burgers to gadgets, stressed consumers buy cheap

REUTERS 2022-07-27 10:20:28

Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach and cheap burgers, while those with bigger bank accounts are snap...

Businesses urged to raise intra-D8 trade to $1.3t

Businesses urged to raise intra-D8 trade to $1.3t

FE REPORT 2022-07-27 09:51:24

The entrepreneurs of the D8 (Developing-8) countries have been urged to gear up efforts to raise intra-trade within the bloc to $1.3 trillion. Addressing the meeting of the D8 entrepreneurs dubbed as...

RMG exports to Japan cross billion dollars

RMG exports to Japan cross billion dollars

MONIRA MUNNI 2022-07-27 09:04:40

Bangladesh's ready-made garment (RMG) exports to Japan crossed the billion-dollar mark in fiscal year (FY) 2021-22 after a decline in the previous two fiscals. Apparel exports to Japan doubled in the...

Govt wants cut in taxes on olive, canola, sunflower oils

Govt wants cut in taxes on olive, canola, sunflower oils

FE REPORT 2022-07-27 08:51:07

The commerce ministry has asked the National Board of Revenue (NBR) to cut all kinds of duty, tax and tariff value on sunflower, olive and canola oils at import stage, aiming to cut dependency on wi...

GP conducts 5G trials

GP conducts 5G trials

-- 2022-07-26 20:52:52

Grameenphone (GP) has conducted the trial run for the 5G network with some use cases in Dhaka and Chattogram to unleash the future of connectivity in the country. Yasir Azman, CEO of the telecom oper...

Shuttle co-founders named in Forbes 30 Under 30 Asia list

Shuttle co-founders named in Forbes 30 Under 30 Asia list

FE ONLINE DESK 2022-07-26 20:27:45

Shuttle, a mass-transit startup based in Bangladesh, co-founders Reyasat Chowdhury and Jawwad Jahangir have been named among the seven Bangladeshis who made it to the Forbes 30 under 30 list in 2022...

Unilever ups sales guidance after price hikes help it beat forecast

Unilever ups sales guidance after price hikes help it beat forecast

REUTERS 2022-07-26 15:20:17

Unilever Plc raised its full-year sales guidance after beating first-half underlying sales forecasts as the maker of Dove soap and Knorr stock cubes hiked prices to counter soaring costs, sending its...

LFB, BDF sign corporate deal

LFB, BDF sign corporate deal

FE ONLINE DESK 2022-07-26 12:53:14

The Leaders Forum BD (LFB) and the Bangladesh Doctors Foundation (BDF) entered into a mutually agreed corporate covenant on Monday. LFB founder and president AKM Roknuzzaman Khandker and BDF chairman...