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The Financial Express

Search results for: trade

Amazon's Jeff Bezos in $2 billion philanthropy move

Amazon's Jeff Bezos in $2 billion philanthropy move

-- 2018-09-14 13:25:37

Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, US, September 13, 2018. Reuters...

Walmart to acquire Mexico food delivery app

Walmart to acquire Mexico food delivery app

-- 2018-09-14 12:54:38

Walmart says it will acquire Latin American food delivery service Cornershop for $225 million, in a move to ramp up its online grocery business in Mexico and Chile. The deal mirrors Walmart’s...

Volkswagen to end production of the Beetle next year

Volkswagen to end production of the Beetle next year

-- 2018-09-14 11:59:34

Volkswagen said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture, as the automaker prepares for a leap towa...

Hilsa prices up in Dhaka

Hilsa prices up in Dhaka

FE Report 2018-09-14 10:28:25

The prices of hilsa increased in the kitchen markets of Dhaka city last week. Traders attributed this hike to a low catch of the delicious silvery fish in the fishing hubs. Official data also reveal...

Corporate biggies queue up to secure LNG power plant contracts

Corporate biggies queue up to secure LNG power plant contracts

M Azizur Rahman 2018-09-14 09:48:37

A section of businessmen have now queued up to bag LNG-based large power plant contracts bypassing bidding process, as allowed under a special law enacted in 2010 for power and energy sector. Many en...

'Graft in Malaysia' impedes BD’s manpower export

'Graft in Malaysia' impedes BD’s manpower export

Mir Mostafizur Rahaman 2018-09-14 09:37:17

Corruption impedes the smooth process of manpower export to Malaysia from Bangladesh, said Prof Jomo Kwame Sundaram, a leading economist of Malaysia and former assistant secretary general of the Unite...

World sleepwalking to financial crisis: Brown

World sleepwalking to financial crisis: Brown

-- 2018-09-13 21:52:01

Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major fi...

Bangladesh, Vietnam to sign FTA: Tofail

Bangladesh, Vietnam to sign FTA: Tofail

-- 2018-09-13 21:13:02

Bangladesh and Vietnam will sign free-trade agreement (FTA) soon to boost bilateral trade. Commerce Minister Tofail Ahmed made the disclosure on Thursday in Hanoi. “Vietnam’s Prime Minis...

Amazon boss attends board meeting in pyjamas

Amazon boss attends board meeting in pyjamas

-- 2018-09-13 21:10:04

Jeff Bezos, Amazon chief and the world’s richest person, attended a board meeting in pyjamas on Wednesday and shared the new look on Instagram. Dressed in a dark blue night-suit with white pipin...

Turkey bans foreign currency in property market

Turkey bans foreign currency in property market

-- 2018-09-13 19:24:28

Turkey is banning the use of foreign currencies in the country's property market as it looks to stem the dramatic fall of its own currency, the lira. President Recep Tayyip Erdogan issued a decree on...

Tk 8,000 fixed as minimum wage for RMG workers

Tk 8,000 fixed as minimum wage for RMG workers

-- 2018-09-13 18:33:31

The minimum wage of a readymade garment (RMG) worker has been raised to Tk 8,000 per month, as per a decision of the government taken on Thursday. The new minimum wage is a 51 per cent increase over...

SIBL, HATIL enter agreement

SIBL, HATIL enter agreement

FE Online Desk 2018-09-13 15:00:26

Social Islami Bank Limited (SIBL) and HATIL Complex Limited have signed a Memorandum of Understanding (MoU) at the head office of the bank in the capital on Thursday. Under the agreement, SIBL's Isl...

US firms in China feeling trade war pinch: survey

US firms in China feeling trade war pinch: survey

-- 2018-09-13 14:45:43

American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the US business lobbies behind the...

FSIBL opens new agent banking outlet

FSIBL opens new agent banking outlet

FE Online Desk 2018-09-13 14:04:12

First Security Islami Bank Ltd (FSIBL) opened its new agent baking outlet in Satkhira district on Wednesday. Syed Waseque Md Ali, managing director of FSIBL inaugurated the new agent banking unit at...

World Travel Awards: Hilton Kuala  Lumpur continues winning streak

World Travel Awards: Hilton Kuala Lumpur continues winning streak

FE Online Desk 2018-09-13 13:30:15

Hilton Kuala Lumpur has once again been honoured with the winning titles of ‘Malaysia’s Leading Business Hotel’ and ‘Malaysia’s Leading Hotel Suite’ category at the...

Oil prices fall as economic concerns counter tightening supplies

Oil prices fall as economic concerns counter tightening supplies

-- 2018-09-13 13:24:08

Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. US West Texas Intermediate (WTI) crude...

Adobe eyes takeover of Marketo to boost cloud services

Adobe eyes takeover of Marketo to boost cloud services

-- 2018-09-13 10:39:00

Adobe Systems, the maker of image-editing software Photoshop, is in negotiations to buy Marketo, a privately held cloud-based marketing software company, according to people familiar with the matter...

CPA hands over cheque to DC for land acquisition

CPA hands over cheque to DC for land acquisition

Our Correspondent 2018-09-13 10:14:46

The Chittagong Port Authority (CPA) has handed over a cheque for Tk 3.5262 billion to the district administration for acquiring land for the construction of Bay Terminal along Halishahar coast. Chair...

Titas snaps several illegal gas connections last month

Titas snaps several illegal gas connections last month

FE Report 2018-09-13 10:12:02

Titas Gas Transmission and Distribution Company Ltd last month cut off gas connections of a number of industrial and commercial units on charge of illegal use of the distribution system and non-paymen...

ADB for faster project execution

ADB for faster project execution

FE Report 2018-09-13 10:09:41

The Asian Development Bank (ADB) has suggested accelerating the implementation process of its assisted projects through early identification and quick resolution of execution issues. The suggestion...

Banks get one more year to link to NPSB

Banks get one more year to link to NPSB

FE Report 2018-09-13 09:25:34

Banks have got one more year from the central bank to connect their point-of-sales (POS) terminals to the National Payment Switch Bangladesh (NPSB). Under the revised regulations, the banks and non-b...

Indonesia needs to deepen financial mkt

Indonesia needs to deepen financial mkt

-- 2018-09-12 21:27:54

Indonesia needs to deepen its domestic financial market and have a smaller share of its debt owned by foreigners, its finance minister said on Wednesday, adding that economic fundamentals were broadly...

InterContinental Dhaka opens Thursday

InterContinental Dhaka opens Thursday

-- 2018-09-12 19:33:18

After four years of basic renovation works, hotel Ruposhi Bangla, a historic hotel for many reasons, is set to reemerge with a new name as InterContinental Dhaka on Thursday. Addressing a press brief...

56 businesspeople to get CIP status Thursday

56 businesspeople to get CIP status Thursday

-- 2018-09-12 18:16:39

The government will recognise 56 businesspeople on Thursday as Commercially Important Persons (CIPs) for their contributions to the country's industrial sector. Industries Minister Amir Hossain Amu w...

BD not fourth largest remittance source for India: Shringla

BD not fourth largest remittance source for India: Shringla

FE Online Report 2018-09-12 18:12:52

Bangladesh is not the fourth largest source of foreign remittance for India, clarified Indian High Commissioner to Bangladesh Harsh Vardhan Shringla on Wednesday. He claimed that the information that...

DHL now delivers products for adidas Thailand

DHL now delivers products for adidas Thailand

FE Online Desk 2018-09-12 16:50:29

DHL eCommerce, a division of the world's leading logistics company Deustche Post DHL Group, has facilitated growth of over 40 per cent for adidas Thailand's retail revenue by enabling deliveries for t...

TIB airs concern over BRTA's rejection of household survey

TIB airs concern over BRTA's rejection of household survey

FE Report 2018-09-12 10:10:46

Transparency International Bangladesh (TIB) has expressed concern over Bangladesh Road Transport Authority (BRTA)'s rejection of a recent household survey on corruption in service sector. Instead of...

FBCCI to fight for social welfare

FBCCI to fight for social welfare

FE Report 2018-09-12 10:02:13

The country's apex trade body has pledged to work for the welfare of the society. It also promised to launch tough movement against abuse of drugs, eliminate child labour and create awareness on au...

Govt may allow vannamei variety shrimp cultivation

Govt may allow vannamei variety shrimp cultivation

Arafat Ara 2018-09-12 10:00:32

The government is considering giving permission to produce vannamei variety shrimp to help increase the export earnings from frozen fish sector, sources said. To this effect, a technical committee...

Plane crash: Insurer plans to settle 15 more claims by Sept

Plane crash: Insurer plans to settle 15 more claims by Sept

FE Report 2018-09-12 09:55:06

The families of 15 more victims of the US-Bangla plane crash in Nepal may receive compensation from the insurer by this month. "We're planning to settle 15 more claims by this month if they would get...