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The Financial Express

Search results for: trade

Supply Chain Management will be big with Big Data!

Supply Chain Management will be big with Big Data!

Mahtab Ahmed Adib 2021-05-11 22:22:33

Big Data is used to describe datasets that are complex, large, and unable to be handled by traditional applications. So it is a term that describes large volumes of high velocity, complex, and vari...

Winrock, PRAN-RFL sign MoU to support human trafficking victims

Winrock, PRAN-RFL sign MoU to support human trafficking victims

FE ONLINE REPORT 2021-05-11 19:24:18

Winrock International and PRAN-RFL have signed a memorandum of understanding (MoU) on Tuesday to support the victims of human trafficking through a project namely Ashshash. Ms. Dipta Rakshit, team le...

Alice Labs raises $500,000 in seed funding

Alice Labs raises $500,000 in seed funding

FE Online Desk 2021-05-11 19:19:26

Alice Labs, an AI-driven multi-channel customer support platform for e-commerce and online businesses, on Tuesday, announced the completion of a US$500,000 seed round of financing. The round was led...

Trade through Burimari land port to remain suspended for six days

Trade through Burimari land port to remain suspended for six days

-- 2021-05-11 17:22:39

The export-import activities through Burimari land port in Lalmonirhat will remain suspended for six days from Wednesday on the occasion of Eid-ul-Fitr. Ruhul Amin Babul, president of the Burimari La...

Foxconn iPhone India output drops 50pc amid Covid surge: Sources

Foxconn iPhone India output drops 50pc amid Covid surge: Sources

-- 2021-05-11 14:52:05

Production of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50 per cent because workers infected with COVID-19 have had to leave their posts, two sources told Reuters. Th...

HSBC Bangladesh rolls out digital payments solution for apparel sector

HSBC Bangladesh rolls out digital payments solution for apparel sector

FE Online Desk 2021-05-11 14:32:18

The Hongkong and Shanghai Banking Corporation Limited and Babylon Group have signed an agreement recently to migrate the apparel manufacturer’s payments onto the bank’s online banking plat...

Test run of metro rail likely this month

Test run of metro rail likely this month

MUNIMA SULTANA 2021-05-11 10:55:43

The country's first metro rail is expected to start its test run from Uttara depot site to Pallabi end this month. Kawasaki-Mitsubishi, the Japanese contractor for the rolling stock of the mass rapid...

Inland container depots need to be doubled for making business easy: CPA

Inland container depots need to be doubled for making business easy: CPA

DOULOT AKTER MALA 2021-05-11 10:30:34

The Chittagong Port Authority (CPA) has recommended doubling the number of private inland container depots (ICDs) to facilitate the delivery of imported goods from the off-docks and make doing busines...

Static Boro rice production may pose food security risk for Bangladesh

Static Boro rice production may pose food security risk for Bangladesh

YASIR WARDAD 2021-05-11 09:16:41

Boro production has remained almost static for the past three consecutive seasons, raising concern over the future food security of Bangladesh. Experts opined that monopoly cultivation of some select...

Beximco 360 Ltd working on Evaly's Media Strategy

Beximco 360 Ltd working on Evaly's Media Strategy

FE Online Desk 2021-05-10 20:07:43

Beximco 360 Ltd. is working on all kinds of media strategy and buying for Evaly.com.bd, the country's leading e-commerce marketplaces. The company handles services on all facets of Evaly's advertising...

Bapex initiates test gas supply from two wells in a week

Bapex initiates test gas supply from two wells in a week

FE ONLINE REPORT 2021-05-10 19:13:21

State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) initiated test natural gas production of around 11 million cubic feet per day (mmcfd) gas from Srikail-East 1 well in Cumi...

Speakers for imposing tax on tobacco products

Speakers for imposing tax on tobacco products

FE Online Report 2021-05-10 16:27:07

Speakers at a webinar Sunday demanded specific imposition of tax on all tobacco products to make it unaffordable for the sake of public health. They made the demand at a webinar titled “The nec...

'Beijing-Dhaka ties will be substantially damaged if Bangladesh joins Quad'

'Beijing-Dhaka ties will be substantially damaged if Bangladesh joins Quad'

FE Online Report 2021-05-10 14:45:14

China-Bangladesh bilateral ties will be ‘substantially damaged’ if Bangladesh decides to join the US led security alliance Quadrilateral Security Dialogue (Quad) in any form, said Chinese...

200,000 more farmers to get incentives worth Tk 2.92b

200,000 more farmers to get incentives worth Tk 2.92b

FE REPORT 2021-05-10 11:59:39

The government will provide incentives worth Tk 2.92 billion to 0.2 million more farmers of fisheries and livestock sector to help them offset their financial losses caused by the coronavirus pandem...

Road authorities may witness cascading effect of a changed decision

Road authorities may witness cascading effect of a changed decision

MUNIMA SULTANA 2021-05-10 11:48:11

The authorities concerned will have to review the feasibility study and detailed design of more than 80 per cent of the country's highways due to a recent decision to change service lane design. The...

Airlines operators demand reduction in charges to boost sector

Airlines operators demand reduction in charges to boost sector

FE REPORT 2021-05-10 11:47:58

Airlines operators on Saturday once again urged the Civil Aviation Authority of Bangladesh (CAAB) to reduce aeronautical, non-aeronautical charges alongside solving other issues for the healthy growth...

Interest rate spread widens slightly

Interest rate spread widens slightly

SIDDIQUE ISLAM 2021-05-10 11:37:43

The interest rate spread widened slightly in March last as the banks cut their deposit rates deeper than that of the lending ones, bankers have said. The weighted average spread between the lending a...

Multiple VAT registration becomes a bane of manufacturers

Multiple VAT registration becomes a bane of manufacturers

Doulot Akter Mala 2021-05-10 11:31:44

Most of the manufacturing industries, despite maintaining financial statements centrally, are unable to obtain central VAT registration due to a 'faulty' piece of legislation, businesses alleged. L...

Angels Network completes its pre-seed investment into Strides

Angels Network completes its pre-seed investment into Strides

-- 2021-05-09 22:15:08

Bangladesh Angels, the leading angel investment network in the country, closed another pre seed investment in Strides Co, a fashion e-commerce company selling premium contemporary clothing and wardrob...

Jashim Uddin elected president of FBCCI

Jashim Uddin elected president of FBCCI

-- 2021-05-09 19:39:32

Jashim Uddin, a vice-president of Bengal Group, has been elected unopposed the president of apex body of traders in Bangladesh for the 2021-23 term, reports bdnews24.com. All the vice-presidents and...

Savrina Arifin joins IPDC as head of retail business

Savrina Arifin joins IPDC as head of retail business

-- 2021-05-09 16:30:47

IPDC Finance Limited, a leading financial institution in the country, has appointed Savrina Arifin as its head of retail business recently. Ms Arifin was previously serving as the acting head of reta...

Dhaka can explore CIS, other export markets: Stakeholders

Dhaka can explore CIS, other export markets: Stakeholders

FE REPORT 2021-05-09 10:27:25

Speakers at a virtual discussion on Saturday stressed the need for exploring untapped markets in the Commonwealth of Independent States (CIS), Latin America and African regions instead of concentra...

Call for retiring old power plants

Call for retiring old power plants

FE REPORT 2021-05-09 09:56:56

Speakers during a webinar on Saturday underscored the need for closure of old and inefficient power plants, including rental and quick rental ones, to improve the efficiency of the power sector. They...

Chittagong Port to remain shut from 8am-4pm on Eid day

Chittagong Port to remain shut from 8am-4pm on Eid day

FE REPORT 2021-05-09 09:52:30

The country's main sea port Chattogram has decided to close its operations only for one shift during Eid day instead of four shifts. The port usually remains shut for all the four shifts during Eid v...

RMG sector highly deficient in corporate accountability: Study

RMG sector highly deficient in corporate accountability: Study

FE REPORT 2021-05-09 09:34:40

Around a quarter of readymade garment (RMG) factories had retrenched workers during the first wave of the Covid-19 pandemic despite receiving stimulus packages, according to a recent study that assess...

Experts seek healthy competition in MFS industry instead of monopoly business

Experts seek healthy competition in MFS industry instead of monopoly business

-- 2021-05-08 21:47:47

Experts on Saturday in a webinar laid emphasis on ensuring healthy competition in the country’s mobile financial service (MFS) industry instead of monopoly business for the greater benefit of bo...

‘94pc consumers in Asia-Pacific to use at least one emerging payment method’

‘94pc consumers in Asia-Pacific to use at least one emerging payment method’

FE ONLINE REPORT 2021-05-08 19:20:12

Some 94 per cent of consumers in Asia Pacific (APAC) will consider using at least one of the emerging payment methods including QR codes, digital or mobile wallets, among others, in the coming year....

Working during pandemic: 30pc garment workers say they  face increasing work pressure

Working during pandemic: 30pc garment workers say they face increasing work pressure

FE ONLINE REPORT 2021-05-08 14:43:59

Some 30 per cent of the garment workers surveyed have said they face an increasing work pressure while 22 per cent said they face a rise in work-related harassment during the pandemic, according to a...

Mobile fisheries, livestock sales boom in April

Mobile fisheries, livestock sales boom in April

FE REPORT 2021-05-08 10:42:02

Mobile sales of fisheries and livestock products have reached more than Tk 2.04 billion in the past month until May 04 during the coronavirus lockdown. With an eye to mitigating farmers' losses and...

Businesses allege harassment in online VAT document submission

Businesses allege harassment in online VAT document submission

DOULOT AKTER MALA 2021-05-08 10:26:15

A section of field-level VAT and customs officials are found reluctant to use the automated system under VAT Online Project (VOP), businesses have alleged. The relevant officials instead of availing...