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The Financial Express

Search results for: trade

LafargeHolcim Bangladesh inks deal with Citibank

LafargeHolcim Bangladesh inks deal with Citibank

FE Online Desk 2018-08-07 12:14:01

LafargeHolcim Bangladesh Limited (LHBL) and Citibank, N.A., Bangladesh have signed an agreement towards cooperation that enables LHBL to implement its ‘Supplier Invoice Financing’ pro...

Rupali Bank inks deal with US-based CBW Bank

Rupali Bank inks deal with US-based CBW Bank

FE Online Desk 2018-08-07 11:49:37

Rupali Bank Limited has signed an agreement with US-based CBW Bank in New York recently for easy transfer of remittance to Bangladesh, said a statement. Managing Director and CEO of Rupali Bank Limit...

Japan firm to buy Akij Tobacco in biggest-ever deal for a BD company

Japan firm to buy Akij Tobacco in biggest-ever deal for a BD company

FE Report 2018-08-07 10:56:47

International tobacco manufacturer, Japan Tobacco Group, is going to acquire the tobacco business of Akij Group, the second largest tobacco company in Bangladesh. The two entities signed an agreement...

Govt sets up control room to avoid RMG labour unrest

Govt sets up control room to avoid RMG labour unrest

FE Report 2018-08-07 10:53:09

The government has set up a temporary control room in the city to avoid any possible labour unrest in the apparel sector, officials said. The control room has been established at the Dhaka district o...

No headway in introducing company-based bus system

No headway in introducing company-based bus system

Munima Sultana 2018-08-07 10:28:18

The government is still reluctant to launch company-based bus service in the city although, transport experts think, it could solve traffic-related problems including reckless driving and overtaking...

Bibiyana gas-field overproducing due to ‘govt pressure’

Bibiyana gas-field overproducing due to ‘govt pressure’

M Azizur Rahman 2018-08-07 10:13:07

The country's largest gas-field - Bibiyana - is producing above its official capacity following the 'government's pressure' for extra production to meet the country's mounting primary energy demand, s...

Families of eight plane crash victims receive compensation

Families of eight plane crash victims receive compensation

FE Report 2018-08-07 09:57:17

The families of eight victims of the US-Bangla Airlines airplane crash in Nepal received compensation from the insurer on Monday. The compensation was determined as per the Warsaw Convention and each...

NBR tax e-payment system goes bust

NBR tax e-payment system goes bust

Doulot Akter Mala 2018-08-07 09:49:18

The much-touted online tax payment system of the National Board of Revenue (NBR) has gone bust for a distinct lack of proper initiatives. The revenue authorities apparently look apathetic to continue...

BGMEA fears student movement, transport situation may hinder apparel sector

BGMEA fears student movement, transport situation may hinder apparel sector

FE Online Report 2018-08-06 20:49:54

BGMEA Monday expressed concerns regarding the transport situations stating that the stalemate might result in losses for the apparel sector as they’ll need to opt for expensive modes of shipment...

Japan Tobacco set for $1.5b takeover  of Akij tobacco

Japan Tobacco set for $1.5b takeover  of Akij tobacco

-- 2018-08-06 18:20:56

Japan Tobacco Inc said on Monday it had agreed to buy the tobacco business of Akij Group, Bangladesh’s second-biggest tobacco company, for about Tk 124.3 billion ($1.48 billion) to further boost...

NBR seeks CS professionals' coop to achieve revenue target

NBR seeks CS professionals' coop to achieve revenue target

FE Online Desk 2018-08-06 12:56:44

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a seminar on ‘Finance Act, 2018 vis-à-vis National Budget 2018-19’ recently at Dhaka Cub, Dhaka. Mr. Md. Mosharraf...

Saudi Arabia suspends trade with Canada

Saudi Arabia suspends trade with Canada

-- 2018-08-06 12:00:34

Saudi Arabia will suspend new trade and investment with Canada after that country’s foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to t...

Distribution cos to start buying rooftop solar power soon

Distribution cos to start buying rooftop solar power soon

-- 2018-08-06 11:03:34

Power Division has issued an official order to all the six power distribution utilities of the country, asking each of them to purchase rooftop solar power from at least 20 consumers within next thr...

Eight new power plants add 1742MW to national grid

Eight new power plants add 1742MW to national grid

-- 2018-08-06 10:48:44

Prime Minister Sheikh Hasina inaugurated eight newly constructed power plants on Sunday, adding some 1742 megawatts (MW) of electricity to the national grid, reports UNB. She opened the power generat...

City Bank launches digital supply chain finance solution

City Bank launches digital supply chain finance solution

FE Report 2018-08-06 10:43:50

City Bank Ltd announced on Sunday the launch of its digital 'supply chain finance and distributor finance facility' solution to help companies in making their business more efficient and transparent....

Vehicle owners, drivers join in ‘rat-race’ to get legal papers

Vehicle owners, drivers join in ‘rat-race’ to get legal papers

Jubair Hasan 2018-08-06 09:44:01

Delinquent transport owners and drivers are now in a hurry to procure legal documents for their vehicles and themselves respectively as an immediate impact of the ongoing students' movement over ensur...

Agitation disrupting business: FBCCI

Agitation disrupting business: FBCCI

FE Report 2018-08-06 09:40:16

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) requested on Sunday the students and transport workers to refrain from their ongoing programmes for the sake of country's greater...

Northern General Ins holds managers' confce

Northern General Ins holds managers' confce

FE Desk 2018-08-05 21:34:41

The chairman and the directors of the Northern General Insurance Co. Ltd have directed its branch managers to expand and improve businesses through better customer services for development of the comp...

Tree fair gaining momentum

Tree fair gaining momentum

Sajibur Rahman 2018-08-05 15:29:29

The month-long 'National Tree Fair' is getting good response from target people. Organisers and participants have said the fair is witnessing an increased sale of saplings. During a visit to the fai...

Indonesia lobbies US to maintain special tariff treatment

Indonesia lobbies US to maintain special tariff treatment

-- 2018-08-05 15:13:12

Indonesia lobbied visiting US Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Su...

RMG sector bearing brunt of student protest

RMG sector bearing brunt of student protest

Monira Munni 2018-08-05 13:50:52

The country's readymade garment (RMG) sector has started facing difficulties in making timely shipments while buyers are also cancelling their trips to Dhaka due to the ongoing student protest, indust...

EU is pushing Britain to no-deal Brexit: UK

EU is pushing Britain to no-deal Brexit: UK

-- 2018-08-05 11:50:49

British trade minister Liam Fox said “intransigence” from the European Union was pushing Britain towards a no-deal Brexit, in an interview published on Saturday by the Sunday Times. With...

China won't accept US trade 'blackmail': State media

China won't accept US trade 'blackmail': State media

-- 2018-08-05 10:26:23

China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of US goods showed rational restraint and they accused the United States of blackmail. Late on Fri...

Rajuk wakes up after five yrs

Rajuk wakes up after five yrs

Kamrun Nahar 2018-08-05 10:15:09

Rajdhani Unnayan Kartripakkha (Rajuk) finally resumed drive against illegal housing companies around Dhaka city last month after a lapse of nearly five years. Demolition drives against errant propert...

BPC to borrow $1.0b from ITFC to import petroleum products

BPC to borrow $1.0b from ITFC to import petroleum products

Rezaul Karim 2018-08-05 10:13:43

State-run Bangladesh Petroleum Corporation (BPC) is set to take out 'costlier' loan of US$ 1.0 billion from ITFC to import petroleum products from the international market in the calendar year 2019, o...

Taxmen can now conduct enquiry for prosecution

Taxmen can now conduct enquiry for prosecution

Doulot Akter Mala 2018-08-05 09:34:09

Taxmen will be able to conduct enquiry and investigation for prosecution purpose on tax-related offences from the current fiscal year (FY), 2018-19, officials said. The government, through a new prov...

Rising oil prices threaten to erode  mining sector's profitability

Rising oil prices threaten to erode mining sector's profitability

-- 2018-08-04 22:08:04

SYDNEY, Aug 04 (Reuters): Rising oil prices are the latest challenge to the mining sector's profitability, threatening to eclipse hard-fought efficiency gains during the past two years and increasing...

China mulls $60b tarrifs on US goods in tit-for-tat move

China mulls $60b tarrifs on US goods in tit-for-tat move

-- 2018-08-04 18:43:25

China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks w...

Walton sets example of owner-workers relation: NHRC

Walton sets example of owner-workers relation: NHRC

-- 2018-08-04 16:03:19

National Human Rights Commission (NHRC) Chairman Kazi Reazul Hoque said that the Walton factory and the organisation sets example of friendly relation between owner-workers. The NHRC Chairman said th...

Daraz offers huge discounts on its 4th anniversary

Daraz offers huge discounts on its 4th anniversary

FE Online Desk 2018-08-04 15:22:00

Online shopping platform Daraz Bangladesh Ltd (daraz.com.bd) has organised the biggest online sale ‘Daraz anniversary campaign’, marking its fourth anniversary. More than 0.35 million (3....