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The Financial Express

Search results for: trade

Bhutan eyes fertiliser import from Bangladesh

Bhutan eyes fertiliser import from Bangladesh

-- 2022-01-11 19:32:40

Bhutan has expressed keenness in procuring 2.5 to 3 thousand tonnes of fertiliser from Bangladesh. Bhutanese Ambassador in Dhaka Rinchen Kuentsyl expressed interest while paying a courtesy call on In...

How Amazon's battle with Reliance for India retail supremacy became a legal jungle

How Amazon's battle with Reliance for India retail supremacy became a legal jungle

-- 2022-01-11 18:40:47

For more than a year, Amazon.com Inc and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets to the US firm's rival Reliance Indust...

Samsung Galaxy Z Fold3, Z Flip3 open world of unbound possibilities

Samsung Galaxy Z Fold3, Z Flip3 open world of unbound possibilities

FE ONLINE DESK 2022-01-11 17:53:06

Nowadays, smartphones have become part of our lives. Without smartphones life would be locked into incognito. To incorporate our lifestyle and indulge our affinity towards smartphones, Samsung has rec...

Oil prices climb on renewed risk appetite, tight OPEC supply

Oil prices climb on renewed risk appetite, tight OPEC supply

-- 2022-01-11 14:46:32

Oil prices climbed on Tuesday, with investors regaining some risk appetite as they await clues from the US Federal Reserve chairman on potential interest rate rises and as some oil producers continued...

Chinese property giant Evergrande moves from head office to cut costs

Chinese property giant Evergrande moves from head office to cut costs

-- 2022-01-11 13:14:45

Cash-strapped Chinese real estate giant Evergrande has moved out of its Shenzhen headquarters to cut costs. Evergrande said it had moved to a property that it owns, but that it was still in t...

Bangladesh Railway to build commercial building in Chattogram

Bangladesh Railway to build commercial building in Chattogram

MUNIMA SULTANA 2022-01-11 12:50:42

The Bangladesh Railway (BR) will build a multipurpose commercial building near Chattogram Rail Station under public-private partnership (PPP) initiative as part of moves to salvage it from recurring l...

Indonesia to lift ban on coal export in phases

Indonesia to lift ban on coal export in phases

FE ONLINE DESK 2022-01-11 12:30:01

Indonesian authorities have said that the country will resume coal export in phases starting from Wednesday, with dozens of ships carrying coal cleared to depart on Tuesday. Coordinating Minister for...

Businesses fined Tk 0.278m for unhygienic food preparation

Businesses fined Tk 0.278m for unhygienic food preparation

FE REPORT 2022-01-11 10:28:36

Mobile courts run by the Dhaka North City Corporation (DNCC) on Monday fined some businesses Tk 0.278 million on various allegations, including preparing food in unhygienic conditions. Of the total a...

BGMEA for boosting Bangladesh-Japan business

BGMEA for boosting Bangladesh-Japan business

FE REPORT 2022-01-11 09:56:59

Japan and Bangladesh have ample opportunity to further engage in trade and investment for mutual benefits. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan...

Bangladesh Bank issues new CSR guideline

Bangladesh Bank issues new CSR guideline

FE REPORT 2022-01-11 08:59:33

The central bank issued a new guideline on Corporate Social Responsibility (CSR) on Monday, focusing more on healthcare and environment issues, to help ensure the country's sustainable development....

Rice sees more price-hike in Bangladesh

Rice sees more price-hike in Bangladesh

YASIR WARDAD 2022-01-11 08:43:39

The price of rice has further increased in the kitchen market, battering the consumers who are already hit hard by the skyrocketing trend of most commodities. Insiders cite hoarding by millers and...

Price spiral stalls Bangladesh's spot LNG buy

Price spiral stalls Bangladesh's spot LNG buy

M AZIZUR RAHMAN 2022-01-11 08:31:40

Headwinds hit government bid for resuming LNG import from global spot market as bidders quoted exorbitant rates, fuelled by rebound of world economies. State-owned Rupantarita Prakritik Gas Company...

Walton inks deal with Danby for North America market expansion

Walton inks deal with Danby for North America market expansion

FE ONLINE DESK   2022-01-10 21:24:00

Walton Hi-Tech Industries PLC has signed a partnership agreement with Danby Appliances, a renowned compact appliance brand in North America, for expanding its global market in the region. With this s...

Customers to get Tk 590m back from Qcoom for undelivered goods

Customers to get Tk 590m back from Qcoom for undelivered goods

-- 2022-01-10 21:21:25

Qcoom can now return payments worth Tk 590 million to its customers for undelivered goods after the commerce ministry brokered a deal between the troubled online shopping platform and payment gateway...

Commodity prices remain unchanged

Commodity prices remain unchanged

FE ONLINE REPORT 2022-01-10 14:48:36

Prices of almost all essential commodities remained static in Dhaka city’s kitchen markets, maintaining the previous hike on Monday. Prices of all vegetables like tomato, brinjals, and cauliflo...

NOVOAIR celebrates 9th anniversary

NOVOAIR celebrates 9th anniversary

-- 2022-01-10 12:02:50

NOVOAIR, a leading private airline in Bangladesh, is celebrating its 9th anniversary through various programmes. Marking the anniversary, it has launched the mobile boarding pass service to provide m...

Apparel sector leaders form joint body to harmonise audits

Apparel sector leaders form joint body to harmonise audits

MONIRA MUNNI 2022-01-10 10:34:25

Apparel sector leaders have teamed up to set a unified code of conduct, as multiple audits cost them a huge money and time as well as create audit fatigue - making compliance difficult for enterprises...

Good farm practices critical for boosting exports, ensuring safe foods

Good farm practices critical for boosting exports, ensuring safe foods

FE REPORT 2022-01-10 10:04:37

Good agricultural practices policy (GAP Policy 2020) should be implemented to foster exports as well as to ensure safe food for people, said Agriculture Minister Dr Muhammad Abdur Razzaque on Sunday a...

Depreciation of Bangladesh Taka against US Dollar continues

Depreciation of Bangladesh Taka against US Dollar continues

SIDDIQUE ISLAM 2022-01-10 09:40:47

The Bangladesh Taka (BDT) keeps depreciating significantly against the US dollar as higher demand for the greenback for settling import-payment obligations outweighs forex inflow, sources say. The...

Deal with Chinese consortium to build expressway in Dhaka

Deal with Chinese consortium to build expressway in Dhaka

FE REPORT 2022-01-10 09:22:27

A Chinese consortium has been selected to build a 13.5-kilometre-long expressway from Hatirjheel to Demra under a new Public Private Partnership (PPP) initiative for developing another gateway of th...

Container growth marks rapid Bangladesh trade rebound

Container growth marks rapid Bangladesh trade rebound

JASIM UDDIN HAROON 2022-01-10 08:36:31

Overall container handling by 17 private depots grew nearly 16 per cent in the past year to cross 1.0 million TEUs for the first time, amid a "faster-than-foreseen rebound" in Bangladesh's foreign t...

Rezaul Hossain joins upay as MD and CEO

Rezaul Hossain joins upay as MD and CEO

FE ONLINE DESK 2022-01-09 23:11:19

UCB Fintech Company Limited (upay), one of the mobile financial services (MFS) providers in the country, has announced the appointment of Rezaul Hossain as its managing director and chief executive of...

Commerce ministry works to identify syndicates behind price hike

Commerce ministry works to identify syndicates behind price hike

-- 2022-01-09 20:43:49

Essential commodities monitoring cell and Bangladesh Competition Commission (BCC) are working to identify illegal syndicates and hoarders for breaking the trap of price hike of the essentials by rumou...

Multiple audits are waste of time and money, says BGMEA

Multiple audits are waste of time and money, says BGMEA

-- 2022-01-09 18:03:40

Multiple audits are not only waste of time and money, but it also creates audit fatigue making compliance difficult for enterprises, according to BGMEA, the apex body of the apparel industry. This ha...

Tomato, brinjal and cauliflower prices go up

Tomato, brinjal and cauliflower prices go up

FE ONLINE REPORT 2022-01-09 15:39:31

Prices of tomato, brinjals, and cauliflower went up in Dhaka city’s kitchen markets on Sunday, adding to common people's woes. However, prices of broiler chicken, layer chicken, red eggs, and P...

TCB receives state guarantees to procure essentials for subsidised sales

TCB receives state guarantees to procure essentials for subsidised sales

FE REPORT 2022-01-09 10:33:26

The government has issued four state guarantees to the Trading Corporation of Bangladesh (TCB) to help it procure some key essentials like edible oil, sugar and lentil. The guarantees will be effecti...

TIB blasts central bank consent allowing Padma Bank to conceal losses

TIB blasts central bank consent allowing Padma Bank to conceal losses

FE REPORT 2022-01-09 10:23:11

Transparency International Bangladesh (TIB) on Saturday expressed its deep concern as the central bank of Bangladesh has provided unethical facility to scam-hit Padma Bank while preparing its financia...

Cox's Bazar tourism faces Tk 500m loss in 3 months

Cox's Bazar tourism faces Tk 500m loss in 3 months

OUR CORRESPONDENT, COX'S BAZAR 2022-01-09 10:05:27

The tourism business in Cox's Bazar has incurred a loss of Tk half a billion in the past three months due to the non-achievement of targets. From October to December, the tourism sector expected a bu...

Land services to get better with app launch: Ministry

Land services to get better with app launch: Ministry

FHM HUMAYAN KABIR 2022-01-09 09:11:53

The public land services are expected to get much better with the online application launched last week. It would allow the landowners to get the record of rights (RoR) and map through the apps, of...

Businesses for setting hard terms in income tax law in phases

Businesses for setting hard terms in income tax law in phases

DOULOT AKTER MALA 2022-01-09 09:07:11

The draft new income-tax law is likely to ban cash transaction in some major areas like payment of salary and house rent after its implementation. But businesses suggest slapping the ban in phases....