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The Financial Express

Search results for: trade

Indonesia's palm oil export ban leaves global buyers with no plan B

Indonesia's palm oil export ban leaves global buyers with no plan B

-- 2022-04-25 14:06:33

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse...

Govt forms nat'l body to oversee export activities

Govt forms nat'l body to oversee export activities

FE REPORT 2022-04-25 09:33:35

The government has formed a high-powered 'National Committee on Export' to oversee the export activities and take necessary measures taking existing and possible crises and post-graduation challenges...

12 e-coms refund Tk 818m to clients

12 e-coms refund Tk 818m to clients

FE REPORT 2022-04-25 09:32:15

Twelve crisis-ridden e-commerce companies refunded around Tk 818 million to their affected customers until date, according to the Ministry of Commerce (MoC) data. The platforms are: Qcoom, Alesha Mar...

Ctg Port Day today

Ctg Port Day today

NAZIMUDDIN SHYAMOL 2022-04-25 09:28:52

Today (April 25) is the Chittagong Port Day, and the Chittagong Port Authority (CPA) is observing its 135 years of formation. The CPA is handling the cargoes and containers of the Chittagong Port, th...

Insure export bill funding against fraudulence

Insure export bill funding against fraudulence

FE REPORT 2022-04-25 09:05:57

The central bank asks authorised dealer (AD) bankers to insurance their export financing to cover risk of any deceitful dealings. As an extra comfort, the banks have been advised to safeguard their...

Call money rate increases further

Call money rate increases further

SIDDIQUE ISLAM 2022-04-25 08:59:21

The inter-bank call money rate increased further on Sunday despite injecting fresh funds by the central bank into the money market to keep it stable before the upcoming Eid-ul-Fitr festival. The call...

Cut taxes on expensive cooking oils

Cut taxes on expensive cooking oils

DOULOT AKTER MALA 2022-04-25 08:56:24

Bangladesh Trade and Tariff Commission (BTTC) suggests cuts in taxes on sunflower, olive and canola oils to help dilute dependence on widely consumed soybean and palm oils. Sunflower, olive and canol...

AB Bank holds awareness programme on A-Challan in Bogura

AB Bank holds awareness programme on A-Challan in Bogura

FE ONLINE DESK 2022-04-24 21:34:18

AB Bank recently organised an awareness programme in Bogura on the automated challan (A-Challan) system, by which income tax, passport fees and other government fees can be paid through its internet b...

Banks to take insurance coverage against financing to exporters

Banks to take insurance coverage against financing to exporters

-- 2022-04-24 20:31:22

Bangladesh Bank (BB) has asked banks to take insurance coverage against their financing to exporters. Currently, banks can extend financing facilities to exporters against usance - the allowable peri...

DBBL holds 26th AGM

DBBL holds 26th AGM

FE ONLINE DESK 2022-04-24 16:27:39

Dutch-Bangla Bank Limited (DBBL) held its 26th Annual General Meeting (AGM) through a virtual platform on Sunday. Sayem Ahmed, chairman of the Board of Directors of the bank, presided over the meeti...

Consumers opt for cashless payment this Eid

Consumers opt for cashless payment this Eid

FE REPORT 2022-04-24 16:00:57

The festive seasons remained cloaked in uncertainty due to the Covid-19 Pandemic in recent years. Despite the continuing concerns, the pandemic painted a positive picture of the digital payment ecosys...

BGMEA urges govt to cut illegal gas connection

BGMEA urges govt to cut illegal gas connection

FE ONLINE REPORT 2022-04-24 15:32:23

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the government to cut all illegal gas connections in the country. BGMEA President Faruque Hassan made the call in a meetin...

BEZA launches new project to boost capacity, lure investments

BEZA launches new project to boost capacity, lure investments

FE REPORT 2022-04-24 11:09:11

Bangladesh Economic Zones Authority (BEZA) has taken an initiative to enhance its capacity to better manage industrial parks and thus attract more investments. To this effect, the BEZA on Tuesday ina...

ISO standard definition for women entrepreneurship in the offing

ISO standard definition for women entrepreneurship in the offing

FE REPORT 2022-04-24 10:53:30

Business Initiative Leading Development (BUILD) and International Trade Centre (ITC)-SheTrades Programme, in collaboration with Bangladesh Standards and Testing Institution (BSTI) decided to dev...

Four Bangladeshi companies join Canada trade show

Four Bangladeshi companies join Canada trade show

-- 2022-04-24 10:45:55

Four reputed exporters belonging to agro-processing sector of Bangladesh participated in a three-day international food and beverage trade show held in Canada from April 20 to 22, reports BSS. The ex...

Halal meat exporters seek subsidy for FPM products

Halal meat exporters seek subsidy for FPM products

FE REPORT 2022-04-24 10:16:51

Halal meat processing entrepreneurs have sought subsidy on export of further processed meat (FPM) products as competitive advantages of FPM are higher than those of meats in the international market...

Foreign diplomats requested to present developments about RMG

Foreign diplomats requested to present developments about RMG

FE ONLINE REPORT 2022-04-23 18:10:16

The apparel apex body-- BGMEA called upon foreign diplomats to tell positive developments and stories about the Bangladesh apparel sector to relevant stakeholders in their countries.  Bangladesh...

Twitter bans ads that contradict science on climate change

Twitter bans ads that contradict science on climate change

-- 2022-04-23 17:41:15

Twitter says it will no longer allow advertisers on its site who deny the scientific consensus on climate change, echoing a policy already in place at Google. "Ads shouldn't detract from important co...

Tourism sector eyeing bounceback on Eid

Tourism sector eyeing bounceback on Eid

SAIF UDDIN 2022-04-23 08:56:52

The country's tourism sector, which has been one of the worst-affected sectors amid the pandemic, is planning to make an upturn during the upcoming Eid-ul-Fitr festival, as the virus-outbreak situatio...

Catching ban in sanctuaries pushes up fish cost

Catching ban in sanctuaries pushes up fish cost

YASIR WARDAD 2022-04-23 08:55:49

Prices of fish, which got costlier during the onset of Ramadan increased further last week which traders attributed to the ongoing 2-month fishing ban in Hilsa sanctuaries. Besides fish, other essent...

Eidflation upsets shoppers amid buying pickup

Eidflation upsets shoppers amid buying pickup

SAJIBUR RAHMAN and SM NAJMUS SAKIB 2022-04-23 08:44:37

Fashion businesses, which had rued sale slump during the last two consecutive Eid festivals for the pandemic, now hope to recover the losses in a bold rebound. They sounded upbeat Friday as a growing...

Iran seeks to buy BD ro-ro ships, hire cruiser

Iran seeks to buy BD ro-ro ships, hire cruiser

REZAUL KARIM 2022-04-23 08:22:31

An Iranian company eagerly seeks to purchase six roll-on roll-off (ro-ro) ships and hire a cruiser from Bangladesh. TT Tejarar Gostaresh Kish, a member of Kish Merchant Association, has recently show...

Zonal ISPs have to buy bandwidth from IIG service providers

Zonal ISPs have to buy bandwidth from IIG service providers

FE REPORT 2022-04-23 08:13:55

The country's internet service providers (ISPs) in thana/upazila level must purchase bandwidth from international internet gateway (IIG) service providers from July 1. According to a recent letter of...

Planning Commission refuses to seal project

Planning Commission refuses to seal project

FHM HUMAYAN KABIR 2022-04-23 08:11:37

A donor-funded project on flood-shelter construction fails to get through for what planners say improper selection of executing agency and unusual overhead cost on some components, insiders say. The...

CNN’s streaming service to be closed a month after launch

CNN’s streaming service to be closed a month after launch

-- 2022-04-22 18:02:32

CNN's new owner says it will close the US-based news channel's streaming service just a month after it launched. Warner Bros Discovery (WBD), the parent company of CNN, says it will issue refunds to...

More apparel brands should sign International Accord, says UNI Global Union

More apparel brands should sign International Accord, says UNI Global Union

FE ONLINE DESK 2022-04-22 16:25:10

UNI Global Union has urged international apparel brands to sign the International Accord as the most effective means to uphold worker safety in the Bangladeshi textile and garment industry and fulfil...

BGMEA calls for capability building to be competitive

BGMEA calls for capability building to be competitive

FE REPORT 2022-04-22 10:12:57

The apex apparel body BGMEA exhorts its member exporters to enhance business capabilities in line with the emerging business demand to stay competitive. It also seeks investment in the backward-linka...

BRAC Bank, Robi team up to work for SMEs

BRAC Bank, Robi team up to work for SMEs

-- 2022-04-22 10:02:31

BRAC Bank Limited and Robi Axiata Limited have come together to work for SMEs across Bangladesh. They signed a memorandum of understanding (MoU) to bring digitised solutions to the SMEs to help them...

BRRI-92 gives highest yield

BRRI-92 gives highest yield

FE REPORT 2022-04-22 10:02:21

Most of the old rice varieties, except BRRI dhan 29, are outperforming in terms of per-hectare yield than the new ones developed by the state-run research agencies. A study showed on Thursday that...

NBR to launch hotline May 15

NBR to launch hotline May 15

FE REPORT 2022-04-22 09:40:38

The National Board of Revenue (NBR) is going to launch a hotline for facilitating businesses to obtain various customs-related services, said an order of the Customs Wing on Thursday. The hotline s...