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The Financial Express

Search results for: trade

Slow process of fixing minimum wages irks garment workers

Slow process of fixing minimum wages irks garment workers

Monira Munni 2018-06-21 10:37:18

The process to fix minimum wages for the readymade garment sector is going on at a slow pace, much to the annoyance of rights groups and workers, labour leaders said. The government formed the minimu...

EU starts retaliatory import duties on US products

EU starts retaliatory import duties on US products

-- 2018-06-20 21:01:30

The European Union will begin charging retaliatory import duties of 25 per cent on a range of US products from Friday. American exports such as blue jeans and motorbikes will be targeted. The decisi...

Midland Bank marks fifth anniversary

Midland Bank marks fifth anniversary

-- 2018-06-20 17:13:38

Midland Bank Limited (MDB), a fourth generation private commercial bank in the country, has completed its fifth year of operation.  MDB chairman M Moniruzzaman Khandakar cut a cake at a programm...

Czech Republic set to invest in Bangladesh: Envoy

Czech Republic set to invest in Bangladesh: Envoy

-- 2018-06-20 16:26:19

Ambassador of the Czech Republic to Bangladesh Milan Hovorka on Wednesday expressed his country's readiness to invest in different sectors in Bangladesh. Hovorka, resident in New Delhi, showed the in...

BAB sets bank lending rate at 9.0pc, deposit at 6.0pc

BAB sets bank lending rate at 9.0pc, deposit at 6.0pc

FE Online Report 2018-06-20 14:45:52

Bangladesh Association of Banks (BAB) has decided to bring down the interest rate on lending at 9.0 per cent and that on deposit at 6.0 per cent from the existing levels. The decision was taken by th...

ICAB to hold post-budget confce Thursday

ICAB to hold post-budget confce Thursday

FE Online Desk 2018-06-20 13:48:05

The Institute of Chartered Accountants of Bangladesh (ICAB) will hold a post-budget conference on Thursday at its auditorium in Dhaka. Chairman of National Board of Revenue (NBR) Mosharraf Hossain...

India’s Kansai Nerolac to merge with BD’s RAK Paints

India’s Kansai Nerolac to merge with BD’s RAK Paints

-- 2018-06-20 13:43:09

India’s Kansai Nerolac Paints Ltd says it has agreed to acquire 55 per cent equity stake in Bangladesh-based RAK Paints Ltd for Tk 572.6 million or around $7.0 million. The Mumbai-based firm sa...

65 countries adopt 126 investment policy measures

65 countries adopt 126 investment policy measures

FE Online Report 2018-06-20 13:03:17

Some 65 countries and economies adopted at least 126 investment policy measures in the past year, according to World Investment Report (WIR) 2018. Of these policy measures, 84 per cent were favourab...

Asian business sentiment slips on trade war risks

Asian business sentiment slips on trade war risks

Reuters 2018-06-20 12:22:57

Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that US President Donald Trump’s protectionist policies would trigger tit-for-tat repr...

Experian named one of the most innovative companies

Experian named one of the most innovative companies

FE Online Desk 2018-06-20 12:16:17

SINGAPORE - Media OutReach - June 20, 2018 - Experian® has been named among the top 100 most innovative companies in the world for the fifth year in a row by Forbes magazine. In the publication's...

Oil prices gain on lower US crude inventories

Oil prices gain on lower US crude inventories

-- 2018-06-20 11:55:11

Oil prices recovered some day-earlier losses in Asia on Wednesday, supported by a drop in US commercial crude inventories and the loss of storage capacity in oil producer Libya. US crude inventories...

Gold holds steady amid firm dollar, stronger equities

Gold holds steady amid firm dollar, stronger equities

-- 2018-06-20 11:31:13

Gold prices were little changed on Wednesday, after slipping to a near six-month low in the previous session, amid a steady dollar and firmer equities. Spot gold held steady at $1,273.92 an ounce, as...

Falling subsidy spending hits output of major staples

Falling subsidy spending hits output of major staples

Yasir Wardad 2018-06-20 11:16:30

The expenditure on agricultural subsidy has declined over the past five years, resulting in the low output of major staples, experts said. The Ministry of Agriculture (MoA) stopped spending more than...

PC finds Dhaka-Sylhet four-lane project cost too high

PC finds Dhaka-Sylhet four-lane project cost too high

FE Report 2018-06-20 10:11:33

The Planning Commission (PC) has not endorsed the Dhaka-Sylhet four-lane road upgrades project due to its higher cost estimation, officials said. The project evaluation committee of the PC has formed...

Scenic Mauritius is lesser-known to BD tourists

Scenic Mauritius is lesser-known to BD tourists

FE Online Report 2018-06-19 17:53:42

Mauritius, a popular destination in the Indian Ocean, is yet to be attractive to Bangladeshi visitors. In the past year, only 1,157 Bangladeshi tourists visited the panoramic island, while 1.34 milli...

Global greenfield investment drops sharply last year

Global greenfield investment drops sharply last year

FE Online Report 2018-06-19 17:26:08

The green field investment across the world declined significantly in the past year, according to World Investment Report (WIR) 2018. It showed that the value of announced greenfield projects droppe...

Women outnumber men among WTO Secretariat staff

Women outnumber men among WTO Secretariat staff

FE Online Report 2018-06-19 15:57:11

Women outnumbered men among the staff of the Secretariat of the World Trade Organisation (WTO) in the last year. There were 333 women and 292 men staff at the WTO Secretariat, situated in the Swiss c...

DSE turnover hits 10-week high

DSE turnover hits 10-week high

FE Online Report 2018-06-19 15:43:13

Stocks finished flat in the green on Tuesday with the turnover on the major bourse hitting 10 weeks high. Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and th...

Secondary trading of t-bills, bonds up in May

Secondary trading of t-bills, bonds up in May

FE Online Report 2018-06-19 15:20:45

Secondary trading of treasury bills and treasury bonds increased slightly in May after it had declined sharply in the immediate past month. The turnover stood at Tk 7.13 billion in last month, up by...

BD’s pharma policy worries Indian drugs exporters

BD’s pharma policy worries Indian drugs exporters

FE Online Report 2018-06-19 14:40:01

The latest move by Bangladesh to encourage local pharmaceutical manufacturing may hurt Indian exports in near future, according to a report published by Livemint on Tuesday. Titled as ‘Banglade...

Minister pitches liquor tax cut

Minister pitches liquor tax cut

-- 2018-06-19 12:32:51

Housing and Public Works Minister Mosharraf Hossain has urged Finance Minister AMA Muhith to lower taxes on liquor to attract more foreign tourists. He made the call in parliament on Monday along wit...

Long-term ties have little impact on buying practices

Long-term ties have little impact on buying practices

Monira Munni 2018-06-19 11:19:25

The length of relationship between buyers and suppliers has little impact on the nature of buying practices, according to a latest report. Besides, the majority of suppliers -- 60 per cent -- are not...

Customs to track all travellers

Customs to track all travellers

Doulot Akter Mala 2018-06-19 10:47:49

The customs authority is set to introduce a rule to maintain the record of the inbound and outbound overseas passengers. With the new rules, the government will be able to keep a data base of the pas...

Trump threatens China with tariffs on $200b more goods

Trump threatens China with tariffs on $200b more goods

Reuters 2018-06-19 10:39:23

US President Donald Trump threatened on Monday to impose a 10 per cent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the...

Draft guidelines for overseas equity investment ready

Draft guidelines for overseas equity investment ready

FE Report 2018-06-19 10:04:26

The proposed 'Overseas Equity Investment Guidelines 2018' are set to be ready for receiving approval from the government shortly, officials said. When contacted, senior secretary of Financial Institu...

'Move underway to set up 300 green RMG factories'

'Move underway to set up 300 green RMG factories'

-- 2018-06-18 18:53:50

Commerce Minister Tofail Ahmed has said about 300 readymade garment factories of Bangladesh are expected to be recognised as green factories. Tofail Ahmed came up with the statement while replying to...

Tofail wants positive news on commodity prices

Tofail wants positive news on commodity prices

-- 2018-06-18 16:57:58

Commerce Minister Tofail Ahmed has urged the journalists to present positive news on the prices of essential commodities. The minister said prices of some items may spike for a day, but adequate supp...

Cops arrest Audi CEO over diesel scandal

Cops arrest Audi CEO over diesel scandal

-- 2018-06-18 16:27:14

The head of Volkswagen’s luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker’s emissions test cheating scandal...

Two int’l flights of Biman miss arrival schedules at HSIA

Two int’l flights of Biman miss arrival schedules at HSIA

FE Online Report 2018-06-18 15:48:06

Two international flights of Biman Bangladesh Airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) on Monday. BG 022 from Muscat was scheduled to arri...

Mercantile Bank , Dhaka South City Corp ink deal

Mercantile Bank , Dhaka South City Corp ink deal

FE Online Desk 2018-06-18 14:12:25

Mercantile Bank Limited has recently signed an agreement with Dhaka South City Corporation (DSCC), said a statement. As per the agreement, Mercantile Bank will facilitate the collection of trade lice...