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The Financial Express

Search results for: trade

Turkey keen to establish own economic zone in Bangladesh

Turkey keen to establish own economic zone in Bangladesh

FE ONLINE REPORT 2021-01-21 21:10:20

Turkish investors are keen to establish their own economic zone in Bangladesh with huge investments in energy, health care, ICT, textile and agri-processing sectors, said Turkey's Foreign Economic Rel...

ILFSL MD resigns

ILFSL MD resigns

FE Online Report 2021-01-21 17:23:52

Managing Director (MD) of the International Leasing and Financial Services Limited (ILFSL) MA Khaleque Khan resigned from his post on health grounds on Wednesday night. “We’ve been inform...

Sanofi selects Beximco as potential buyer

Sanofi selects Beximco as potential buyer

FE Online Report 2021-01-21 17:02:53

Sanofi Bangladesh Limited on Thursday officially announced Beximco Pharmaceuticals Limited as a potential buyer of its controlling stake in Bangladesh, the multinational company has confirmed. ...

Mercedes unveils electric compact SUV to outdo Tesla

Mercedes unveils electric compact SUV to outdo Tesla

-- 2021-01-21 10:34:53

Daimler AG’s Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part of plans to take on rival Tesla Inc and offer more emission-free vehicles to consumers to meet target...

Two conglomerates in race to acquire Sanofi's Bangladesh operations

Two conglomerates in race to acquire Sanofi's Bangladesh operations

Jubair Hasan 2021-01-21 08:05:37

Two leading local business houses are now in a race to acquire the entire foreign stakes in the French drug-maker Sanofi's operations in Bangladesh. The government of Bangladesh that owns more than 4...

Google's advertising practices face EU antitrust probe

Google's advertising practices face EU antitrust probe

Reuters 2021-01-20 21:59:22

EU antitrust regulators have sought information from advertisers regarding Google’s advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google...

Govt postpones DITF over COVID-19 fears

Govt postpones DITF over COVID-19 fears

-- 2021-01-20 20:43:27

The government has postponed Dhaka International Trade Fair-2021 considering the risk of getting infected by the COVID-19. The Ministry of Commerce took the decision on Wednesday, reports BSS. The D...

Strategic ACD value chain initiatives highlighted

Strategic ACD value chain initiatives highlighted

FE Online Desk 2021-01-20 20:22:53

The first virtual conference of the Chambers of Commerce and Industry (CCI) of the Asia Cooperation Dialogue (ACD) member countries was held on Wednesday with the participation of the national Chamb...

Full implementation of labour rights key to obtain EU GSP plus status, experts say

Full implementation of labour rights key to obtain EU GSP plus status, experts say

FE Online Report 2021-01-20 16:49:44

Bangladesh should ensure full implementation of labour rights and international conventions to be eligible for EU GSP plus scheme, experts have said. With the graduation from LDC status, Bangladesh w...

Turkey keen to invest in Bangladesh special economic zones, says envoy

Turkey keen to invest in Bangladesh special economic zones, says envoy

FE Online Desk 2021-01-20 15:33:10

Turkish investors are keen to invest in special economic zones in Bangladesh as the country offers attractive incentives for foreign investors, said Turkish Ambassador to Bangladesh Mustafa Osman Tura...

China's would-be chip darling bedevilled by debt and bad bets

China's would-be chip darling bedevilled by debt and bad bets

REUTERS 2021-01-20 13:08:26

Tsinghua Unigroup, a Chinese conglomerate that has long sought to become a semiconductor powerhouse, is now caught between a rock and a hard place as debt woes mount while key chip units are failing t...

Jack Ma makes first live appearance since October in online meet

Jack Ma makes first live appearance since October in online meet

REUTERS 2021-01-20 12:55:23

Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, triggering a sharp jump in the H...

Power system overcapacity in Bangladesh is getting worse, says IEEFA

Power system overcapacity in Bangladesh is getting worse, says IEEFA

FE ONLINE DESK 2021-01-20 11:02:58

Overcapacity in Bangladesh’s power system has worsened and also threatens to deteriorate in near future, according to the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesd...

Ramadan essential prices to be discussed soon

Ramadan essential prices to be discussed soon

REZAUL KARIM 2021-01-20 09:33:58

The government is going for stocktaking of supplies and prices as part of its advance planning to keep the prices of essentials under control during Ramadan. Under the initiative, the government au...

Ministry seeks opinion on likely ban on poultry imports from India

Ministry seeks opinion on likely ban on poultry imports from India

FE REPORT 2021-01-20 09:16:40

Commerce ministry has sought opinion from livestock department regarding a proposed ban on the import of poultry items, officials said. On Tuesday, fisheries and livestock ministry in a letter aske...

RMG exports to one-third of EU states rise in July-Dec

RMG exports to one-third of EU states rise in July-Dec

MONIRA MUNNI 2021-01-20 09:07:08

Bangladesh's apparel exports to one third of the 27 European countries, including Germany, the Netherlands and Poland, increased in the first half of fiscal year (FY) 2020-21 amid Covid-19. Denmark...

RNPP getting nuclear power plant equipment from Russia

RNPP getting nuclear power plant equipment from Russia

UNB 2021-01-19 21:36:44

The Volgodonsk Branch of JSC "AEM-technology" (part of the machine-building division of Rosatom - "Atomenergomash") manufactured and shipped the internals of the nuclear reactor for the first power un...

BB further eases accessing overseas loans by foreign companies

BB further eases accessing overseas loans by foreign companies

-- 2021-01-19 20:26:02

Bangladesh Bank (BB) has brought further flexibility for foreign-owned companies operating in Bangladesh in accessing loans from their parent companies and shareholders. According to a circular issue...

India considers foreign investment rule changes that could hit Amazon

India considers foreign investment rule changes that could hit Amazon

-- 2021-01-19 18:00:27

India is planning revising its foreign investment rules for e-commerce,  a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers, reports Reu...

Emirates announces special fares from Bangladesh

Emirates announces special fares from Bangladesh

FE Online Desk 2021-01-19 16:07:54

Emirates has launched its much-awaited global sale to inspire and encourage travellers to reconnect with family and friends or explore new destinations in the New Year. To avail the special fares, bo...

Asia's apparel powerhouses push for better buying practice

Asia's apparel powerhouses push for better buying practice

Monira Munni 2021-01-19 08:48:55

Six major Asian garment producing countries have partnered to reach a common position over buyers' purchasing practices, especially payment and delivery terms, industry people said. On January 12, ni...

US-Bangla's daily Dhaka-Dubai-Dhaka flight from Feb 1

US-Bangla's daily Dhaka-Dubai-Dhaka flight from Feb 1

-- 2021-01-18 20:19:00

US-Bangla, the largest private airline in Bangladesh, is going to start flights from February 1, 2021 to Dubai. US-Bangla will operate seven flights in a week from Dhaka to Dubai. Initially seven fli...

Premier Bank achieves second position in collecting Dhaka Wasa bill

Premier Bank achieves second position in collecting Dhaka Wasa bill

-- 2021-01-18 16:58:15

The Premier Bank Limited achieved second position amongst 34 banks and three Mobile Financial Services (MFS) for collecting Dhaka Wasa’s bill in the financial year 2019-2020. M Reazul Karim, FC...

Minister eyes Bangladeshi agri-products in German market

Minister eyes Bangladeshi agri-products in German market

FE ONLINE REPORT 2021-01-18 15:45:29

Bangladeshi high-value crops such as fruits and vegetables have potentials to grab markets in Germany and other EU countries, said Agriculture Minister Dr Muhammad Abdur Razzaque on Thursday. The min...

Buyers bargain with garment makers, BGMEA with govt for Covid concession   

Buyers bargain with garment makers, BGMEA with govt for Covid concession  

MONIRA MUNNI 2021-01-18 14:45:14

The apex body of the apparel makers has once again sought extension of repayment periods of loan packages in view of uncertainties caused by the 'second wave' of the pandemic. Industry people have sa...

Midland Bank signs MoU with ACE Advisory

Midland Bank signs MoU with ACE Advisory

FE Online Desk 2021-01-18 13:10:47

Midland Bank Limited signed a Memorandum of Understanding (MoU) with ACE Advisory at the corporate head office of the Bank in Dhaka on Sunday, says a press release received today. Under the...

Samsung's Lee receives two and a half years for bribery

Samsung's Lee receives two and a half years for bribery

REUTERS 2021-01-18 12:04:51

A South Korean court sentenced Samsung Electronics vice chairman Jay Y Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the te...

Amazon faces backlash from India's BJP lawmakers

Amazon faces backlash from India's BJP lawmakers

Reuters 2021-01-18 10:27:12

A local official from India’s ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threaten...

Tk 3.12b tourism projects see slow execution

Tk 3.12b tourism projects see slow execution

FE REPORT 2021-01-18 09:29:44

Bangladesh Parjatan Corporation (BPC) has been implementing nine projects worth Tk 3.12 billion in different parts of the country by extending the project duration two to three times. BPC undertook a...

NBR plans chemical testing units at 14 land ports

NBR plans chemical testing units at 14 land ports

FE REPORT 2021-01-18 08:36:20

The National Board of Revenue (NBR) has started its function to install chemical testing units in 14 land customs houses (land ports). Among the 14 units, nine will be installed with the aid of the A...