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The Financial Express

Search results for: trade

Paddy price rises as tariffs on rice imports loom

Paddy price rises as tariffs on rice imports loom

-- 2018-06-23 14:59:56

The price of paddy has begun to rise in anticipation of the tariffs to be reintroduced on rice imports in the government’s budget for the coming fiscal year. The impact of the tariffs has yet t...

Islami Bank inaugurates Banasree branch

Islami Bank inaugurates Banasree branch

FE Online Desk 2018-06-23 14:50:33

Islami Bank Bangladesh Limited (IBBL) has opened its 334th branch at South Banasree area in the capital. Md Mahbub ul Alam, Managing Director and CEO of the bank inaugurated the branch today (Saturda...

Bitcoin hits record low in persistent bearish trend

Bitcoin hits record low in persistent bearish trend

-- 2018-06-23 14:15:48

Bitcoin dropped to a more than four-month low on Friday, So far in 2018, it has fallen nearly 56 per cent, continuing a downtrend after more negative headlines. Japan’s financial regulator or...

DAE Ctg office suspends issuance of import permits

DAE Ctg office suspends issuance of import permits

Our Correspondent 2018-06-23 12:47:27

Issuance of import permits (IP) from the office of Department of Agriculture Extension (DAE) in Chattogram has been suspended due to alleged corruption of its officials and employees. The importers...

Trump tariffs could run European convertibles off US roads

Trump tariffs could run European convertibles off US roads

-- 2018-06-23 11:49:39

In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads i...

Bangladesh conducts fair in Thailand

Bangladesh conducts fair in Thailand

-- 2018-06-23 11:29:10

The Bangladesh embassy in Thailand has for the first time showcased the country’s development successes in a two-day exhibition in Bangkok. Bangladesh’s sustained growth and development s...

ADB to provide $300m for infrastructure projects

ADB to provide $300m for infrastructure projects

Syful Islam 2018-06-23 10:50:38

The Asian Development Bank (ADB) is set to provide US$300 million to state-run Bangladesh Infrastructure Finance Fund Limited (BIFFL) to catalyse long-term infrastructure project finance. The BIFFL w...

Trump threatens EU with steep auto tariffs

Trump threatens EU with steep auto tariffs

Reuters 2018-06-23 10:47:41

President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 per cent tariff on all US imports of European Union-assembled cars. Trump posted his threat on Twitter...

Insurers' life fund declines 6.0pc in ‘17

Insurers' life fund declines 6.0pc in ‘17

Jasim Uddin Haroon 2018-06-23 10:14:21

The "life fund" of all the 32 life insurers shrank by nearly 6.0 per cent in calendar year 2017, revealed a report. The financial institutions division under the finance ministry prepared the report....

BR automation move suffers on anomalies, manpower shortage

BR automation move suffers on anomalies, manpower shortage

FHM Humayan Kabir 2018-06-23 10:03:01

The automation and reform initiatives of the Bangladesh Railway (BR) have faced a setback due to large-scale anomalies in implementation of the project concerned and shortage of required manpower, ins...

Singapore Airlines to shift planes  from SilkAir to budget arm Scoot

Singapore Airlines to shift planes from SilkAir to budget arm Scoot

-- 2018-06-22 22:00:57

SINGAPORE, June 21 (Reuters): Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot allowing it to compete more effectivel...

US threatens veto against slow WTO rulings

US threatens veto against slow WTO rulings

-- 2018-06-22 21:34:34

The United States told the World Trade Organisation on Friday that appeals rulings can be vetoed if they take longer than the allowed 90 days. US Ambassador to WTO Dennis Shea gave the message of his...

BIMSTEC summit likely on Aug 30-31

BIMSTEC summit likely on Aug 30-31

Mir Mostafizur Rahaman 2018-06-22 14:47:05

The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is likely to be held in Kathmandu on August 30-31. All the seven member states have a...

EU tariffs on US goods come into force

EU tariffs on US goods come into force

-- 2018-06-22 13:55:33

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8 billion (£2.4...

Govt extends deadline for remediation of RMG units

Govt extends deadline for remediation of RMG units

FE Report 2018-06-22 13:17:55

The government has extended the deadline for completing the remediation work in garment factories, inspected under national initiative, up to December 2018. State minister for labour Mujibul Haque Ch...

Why companies need older workers

Why companies need older workers

Reuters 2018-06-22 13:14:24

The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing...

FBCCI seeks withdrawal of VAT from IT-based service sector

FBCCI seeks withdrawal of VAT from IT-based service sector

FF Report 2018-06-22 13:08:44

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to withdraw value added tax (VAT) from the IT-based service sector. The call came at a meeting of the FBCCI...

OPEC strives for deal to raise oil output as Iran resists

OPEC strives for deal to raise oil output as Iran resists

-- 2018-06-22 12:28:36

OPEC scrambled on Thursday to agree on raising oil output, with Saudi Arabia warning of shortages but Iran holding out against a deal amid the prospect of lower exports due to US sanctions on Tehran....

Oil prices climb on uncertainty ahead of OPEC meeting

Oil prices climb on uncertainty ahead of OPEC meeting

-- 2018-06-22 11:10:39

Oil prices rose by more than 1.0 per cent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the d...

Fish, vegetables see another round of price hike

Fish, vegetables see another round of price hike

FE Report 2018-06-22 10:38:20

The kitchen markets in the capital saw another round of price hike this week, with fish, potato and other vegetables getting dearer. After Eid holidays, the markets are yet to return to normal as pre...

E-commerce business growing fast

E-commerce business growing fast

Sajibur Rahman 2018-06-22 10:06:56

E-commerce business has been expanding fast in the country over the years riding on the ever-increasing internet facility, sector insiders said. The size of e-commerce market crossed the Tk 17.0 bill...

BB to issue prudential guidelines to execute proposed rates cut

BB to issue prudential guidelines to execute proposed rates cut

FE Report 2018-06-22 09:35:48

The central bank has planned to issue prudential guidelines for implementing the proposed cut in the banks' lending and deposit rates. To discuss the matter, the Bangladesh Bank (BB) will sit sometim...

Swiss National Bank keeps  ultra-loose monetary policy

Swiss National Bank keeps ultra-loose monetary policy

-- 2018-06-21 21:55:37

BERN, June 21 (Reuters): The Swiss National Bank maintained its expansionary monetary policy on Thursday, citing a "fragile" exchange rate situation.The exchange rate situation made it essential for t...

NBR tells banks to slash interest on loans

NBR tells banks to slash interest on loans

-- 2018-06-21 21:28:23

Banks will not get corporate tax benefits in the proposed budget if they do not lower interest rates on loans for businesses, said the chief of tax administrator. “Banks are fortunate because t...

Regal Emporium opens new outlets in Narsingdi, Habiganj

Regal Emporium opens new outlets in Narsingdi, Habiganj

FE Online Desk 2018-06-21 15:40:22

Regal Emporium has recently opened its new outlets in Narsingdi and Habiganj. R N Paul, Managing Director of RFL Group, inaugurated an outlet at Golap Chattar of Narsingi Sadar and another at old Mun...

BAB seeks BB's help to implement lower interest rates

BAB seeks BB's help to implement lower interest rates

FE Online Report 2018-06-21 15:33:07

The Bangladesh Association of Banks (BAB) has sought assistance from the central bank to implement its proposed lower interest rates on lending and deposit within the timeframe. The appeal was made a...

62 companies to get National Export Trophy

62 companies to get National Export Trophy

FE Report 2018-06-21 13:24:03

A total of 62 companies will be awarded the National Export Trophy 2014-15 at a ceremony on July 11, according to the commerce ministry. Prime Minister Sheikh Hasina will give away the awards to the...

Gold prices edge down

Gold prices edge down

FE Report 2018-06-21 10:44:14

Local jewellers have revised gold prices downward in line with the international market price. The new price will be effective from today (Thursday), according to a statement by Bangladesh Jewellers'...

Biman cargo complex:  Audit finds irregularities

Biman cargo complex: Audit finds irregularities

Kamrun Nahar 2018-06-21 10:39:10

An internal audit team of the Biman Bangladesh Airlines has unearthed 'serious' irregularities in collection of cargo handling charges at its cargo complex since 2008. The cargo complex authority of...

ICCB President Mahbub off to Paris

ICCB President Mahbub off to Paris

-- 2018-06-21 10:38:00

International Chamber of Commerce (ICC) - Bangladesh President Mahbubur Rahman left Dhaka for Paris, France on Wednesday. He is scheduled to join the ICC World Council meeting and a meeting of Perm...