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The Financial Express

Search results for: trade

Cut in postal money transfer charge likely

Cut in postal money transfer charge likely

FE Report 2018-07-07 11:43:01

The government is considering lowering service charge for sending money through postal department significantly, a finance division official said. The state entity charges senders more than private...

Launch of MNP faces uncertainty

Launch of MNP faces uncertainty

Mehdi Musharraf Bhuiyan 2018-07-07 10:56:08

Launching of Mobile Number Portability (MNP) in the country is facing uncertainty due to a new wrangle between the telecom regulator and mobile operators. MNP, which will allow mobile users to chan...

Prospects of fruit export to China bright

Prospects of fruit export to China bright

Talha Bin Habib 2018-07-07 10:19:49

Bangladesh has the potential to grab a share of the fruits market in China, but lack of proper certification and policy supports remains a major challenge for exporters, according to sector insiders....

BHBFC flat loan fails to draw any response

BHBFC flat loan fails to draw any response

SM Najmus Sakib 2018-07-07 10:13:47

The 'flat registration loan' of Bangladesh House Building Finance Corporation (BHBFC) has signally failed to attract borrowers. The BHBFC is yet to receive a single application since the introduction...

Prices of fine rice up in city

Prices of fine rice up in city

FE Report 2018-07-07 10:09:17

The prices of fine varieties of rice remained high on Friday in the city's kitchen markets. The minicate variety of rice was sold between Tk 62 and Tk 65 a kg depending on the quality. The najirsh...

RHD seeks special fund for consultants' security in a project

RHD seeks special fund for consultants' security in a project

FHM Humayan Kabir 2018-07-07 09:56:06

The Roads and Highways Department (RHD) has sought special allocation of funds amounting to Tk 414.87 million in a project for providing security to its Japanese consultants. However, adequate safety...

BIMSTEC members drag feet on FTA

BIMSTEC members drag feet on FTA

Syful Islam 2018-07-07 09:32:40

India has proposed enhancement of value addition criteria for 22 more products under the proposed BIMSTEC-FTA (free trade area agreement), officials said. Now the member countries of the regional tra...

Asia's oil refiners rush to deal with US-China trade war

Asia's oil refiners rush to deal with US-China trade war

-- 2018-07-06 20:39:56

Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and as Washington plans tough sanctions against Iran aimed at shu...

LG Q2 profit likely up 16.1pc

LG Q2 profit likely up 16.1pc

-- 2018-07-06 14:35:41

South Korea’s LG Electronics on Friday said operating profit likely rose 16.1 per cent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone, and...

Struggling to save nuclear deal, Iran and world powers meet

Struggling to save nuclear deal, Iran and world powers meet

-- 2018-07-06 14:27:53

Iran wants world powers to present measures guaranteeing oil revenue and investment into the country despite US sanctions when ministers meet on Friday to save the 2015 nuclear deal, but European stat...

Bank Asia launches digital system for RMG workers

Bank Asia launches digital system for RMG workers

FE Online Desk 2018-07-06 12:42:28

Bank Asia started payment of monthly salary of a renowned garments factory in the country, Echotex Limited under Omni Channel account opening system, first of its kind in the country launched by...

SIBL arranges hajj orientation event

SIBL arranges hajj orientation event

FE Online Desk 2018-07-06 12:27:37

Social Islami Bank Limited (SIBL) has arranged a special Hajj Orientation Programme for the hajj pilgrims at the head office of the Bank recently. Managing Director and CEO of the Bank Quazi Osman Al...

RAKUB signs deal with EC

RAKUB signs deal with EC

FE Online Desk 2018-07-06 12:18:22

Rajshahi Krishi Unnyan Bank (RAKUB) has signed an agreement with the Election Commission under which the EC can verify the data and information of the clients of RAKUB. Managing Director of RAKUB Kaz...

Dhaka Steel reopens after 24 years

Dhaka Steel reopens after 24 years

FE Report 2018-07-06 11:59:34

State-owned re-rolling mill Dhaka Steel Works Ltd finally reopened on Thursday, 24 years after suspension of its production. The industries ministry formally reopened the steel production base at Ton...

US-China trade war heats up as tariffs take effect

US-China trade war heats up as tariffs take effect

-- 2018-07-06 11:33:15

US tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest economies took a hi...

How trade war with US can hurt  growth in China and beyond

How trade war with US can hurt growth in China and beyond

-- 2018-07-06 11:18:51

The United States is due to impose tariffs on $34 billion of goods it imports from China on Friday. Tariffs on an extra $16 billion may come later. Beijing has said it will retaliate in equal measure...

With tariffs imminent, Chinese  stocks and currency slip

With tariffs imminent, Chinese stocks and currency slip

-- 2018-07-06 10:29:07

Chinese stocks and the yuan slipped on Friday morning ahead of the implementation of major tariffs that will significantly shift the US-China trade row to a new level and cloud the global economic out...

Janata Exchange Co in Italy close to bankruptcy

Janata Exchange Co in Italy close to bankruptcy

Rezaul Karim 2018-07-06 10:11:00

Janata Exchange Company, Italy is on the verge of bankruptcy due to its continuous operating losses despite various steps taken by the authorities concerned, sources said. The company, a subsidiary o...

US-Iran tensions rise over oil route as EU tries to save nuclear deal

US-Iran tensions rise over oil route as EU tries to save nuclear deal

-- 2018-07-06 10:08:51

The US Navy stands ready to ensure free navigation and the flow of commerce, the US military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block oil...

Germany now top export destination of BD garments

Germany now top export destination of BD garments

Monira Munni 2018-07-06 09:40:11

Germany became the top export destination for local readymade garments (RMGs) in the just-concluded fiscal year (FY) 2017-18, Export Promotion Bureau (EPB) said. The country fetched $5.57 billion fro...

Oil falls as Trump demands OPEC cut prices

Oil falls as Trump demands OPEC cut prices

-- 2018-07-05 21:48:23

Oil fell on Thursday after US President Donald Trump demanded OPEC cut crude prices, but the market found some support from an Iranian threat to block shipments through the Strait of Hormuz, reports R...

‘Govt cut VAT on ISPs, not mobile internet providers’

‘Govt cut VAT on ISPs, not mobile internet providers’

-- 2018-07-05 19:42:51

Mobile operators on Thursday said that although the government has reduced the VAT rate over internet use from 15 to 5.0 per cent, it will not help them in reducing costs at consumer level. Speaking...

Tonic customers to enjoy special benefits at Square Hospitals

Tonic customers to enjoy special benefits at Square Hospitals

-- 2018-07-05 17:33:37

Telenor Health signed an agreement with Square Hospitals Limited at the latter’s premises in the capital recently. Under the agreement, Square Hospitals will offer exclusive benefits to custome...

China warns US of ‘opening fire’ on tariffs

China warns US of ‘opening fire’ on tariffs

-- 2018-07-05 15:25:48

The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant US measures go into...

Brexit puts Jaguar operations at risk

Brexit puts Jaguar operations at risk

-- 2018-07-05 14:23:33

Britain’s biggest carmaker Jaguar Land Rover said a so-called “hard Brexit” would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future operations in the United Ki...

Top China executive dies in France after falling from a wall

Top China executive dies in France after falling from a wall

-- 2018-07-05 13:08:06

Chinese conglomerate HNA Group Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photogra...

UAE-China trade hits $52.65b in 2017

UAE-China trade hits $52.65b in 2017

-- 2018-07-05 12:09:15

The value of bilateral trade between the United Arab Emirates (UAE) and China increased by 15.1 per cent to reach $52.65 billion US dollars (195 billion dirhams) in 2017, WAM reported Wednesday. The...

Oil falls as Trump urges OPEC to cut prices

Oil falls as Trump urges OPEC to cut prices

-- 2018-07-05 11:49:47

Oil prices fell on Thursday after US President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing also cast a shadow...

Muhith warns cos of steps for not executing new rate on Internet

Muhith warns cos of steps for not executing new rate on Internet

FE Report 2018-07-05 10:55:53

Finance Minister A M A Muhith on Wednesday warned the companies concerned of taking tough actions against them for not executing new VAT (value added tax) rate on Internet. In the budget for the fisc...

Matarbari port: JICA suggests examining the seismic resistance

Matarbari port: JICA suggests examining the seismic resistance

Syful Islam 2018-07-05 10:38:58

The Japan International Cooperation Agency (JICA) has suggested examining the seismic resistance of the proposed deep-sea port in Matarbari as Bangladesh is vulnerable to earthquakes. The JICA submit...