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The Financial Express

Search results for: trade

New BGMEA board assumes responsibility

New BGMEA board assumes responsibility

-- 2021-04-13 19:45:18

The new board of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) took charge of the outgoing committee on Tuesday. Managing director of Giant Group Faruque Hassan has officially ta...

Brinjal prices increase by Tk 20-40 a kg overnight

Brinjal prices increase by Tk 20-40 a kg overnight

FE ONLINE REPORT 2021-04-13 16:12:01

Brinjal prices increased by Tk 20-40 a kg overnight in Dhaka as sold at Tk 80-100 a kg on Tuesday ahead of Ramadan. Traders in different stages blamed each other for the hike while both the wholesale...

Bangladesh Bank raises limits for cash withdrawal from ATMs

Bangladesh Bank raises limits for cash withdrawal from ATMs

-- 2021-04-13 15:44:30

Bangladesh Bank has raised the limits for cash withdrawal from ATMs during the lockdown that starts on Wednesday. Customers will be allowed to withdraw from ATMs as much as Tk 100,000, the minimum da...

Stakeholders suggest thrust on rural-focused e-commerce

Stakeholders suggest thrust on rural-focused e-commerce

FE REPORT 2021-04-13 13:22:46

Bangladesh still faces challenges like lower rate of smartphone penetration, exorbitant mobile data price, lack of physical infrastructure and business-friendly policy for expansion of e-commerce in...

Government eases fund release process

Government eases fund release process

FE REPORT 2021-04-13 12:02:31

The government has relaxed the requirement of approval from the ministries and departments concerned for releasing the fourth instalment of grant allocation under the operating budget. The fund wil...

Industrial zones brought under strict monitoring to stop virus infection

Industrial zones brought under strict monitoring to stop virus infection

MONIRA MUNNI 2021-04-13 11:14:45

Industrial zones especially seven labour-intensive ones have been brought under strict monitoring to ensure health and safety measures following a surge in coronavirus infections and deaths, officia...

Nissan-backed startup WeRide receives permit to test driverless vehicles

Nissan-backed startup WeRide receives permit to test driverless vehicles

-- 2021-04-13 10:29:08

Autonomous driving startup WeRide received a permit to test two passenger vehicles on California’s public roads without a safety driver in the front, California’s Department of Motor Vehic...

China extends crackdown on Jack Ma's empire

China extends crackdown on Jack Ma's empire

REUTERS 2021-04-13 10:01:57

China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s dete...

China's March trade surplus with US stands at $21.37 billion

China's March trade surplus with US stands at $21.37 billion

REUTERS 2021-04-13 09:50:23

China’s trade surplus with the United States stood at $21.37 billion in March, Reuters calculations based on Chinese customs data showed on Tuesday, down from $23.01 billion in February. Last m...

BSCIC to introduce one-stop services 

BSCIC to introduce one-stop services 

-- 2021-04-12 18:55:56

Bangladesh Small and Cottage Industries Corporation (BSCIC) on Monday signed a Memorandum of Understanding (MoU) with Business Automation Ltd to introduce one-stop services. Addressing the agreement...

Wholesale, retail prices of Ramadan essentials fixed

Wholesale, retail prices of Ramadan essentials fixed

FE ONLINE REPORT 2021-04-12 18:34:27

The Department of Agricultural Marketing (DAM) on Monday fixed maximum wholesale and retail prices of six key essentials ahead of the holy month of Ramadan aiming to protect the interests of the consu...

BERC announced LPG prices to satisfy private sector investors, CAB advisor says

BERC announced LPG prices to satisfy private sector investors, CAB advisor says

-- 2021-04-12 18:04:20

Energy Advisor of the Consumer Association of Bangladesh (CAB) Prof Dr M Shamsul Alam has alleged that Bangladesh Energy Regulatory Commission (BERC) has fixed the prices of liquefied petroleum gas (L...

BGMEA declares Faruque its  new president

BGMEA declares Faruque its new president

FE ONLINE REPORT 2021-04-12 18:00:09

The election board of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday officially declared Faruque Hassan as the president of the apex body. The election board also declar...

Central bank extends CMSME stimulus lending deadline until June 30

Central bank extends CMSME stimulus lending deadline until June 30

-- 2021-04-12 16:56:11

Bangladesh Bank has further extended the timeline to allocate the fund for the cottage, micro, small and medium enterprise (CMSME) under the incentive package as banks and financial institutions faile...

Government caps LPG prices at Tk 975 per cylinder

Government caps LPG prices at Tk 975 per cylinder

-- 2021-04-12 14:39:24

The government has capped the retail prices of LPG per 12kg cylinder at Tk 975, inclusive of value-added tax. Bangladesh Energy Regulatory Commission or BERC announced the new price rate from a virtu...

Dollar pinned down by lower US yields

Dollar pinned down by lower US yields

-- 2021-04-12 12:46:20

The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the US currency. The British pound sank toward a two-month low, continuing its decl...

Exporters seek interim solution until re-fixation of minimum apparel wastage limit

Exporters seek interim solution until re-fixation of minimum apparel wastage limit

DOULOT AKTER MALA 2021-04-12 10:03:17

Apparel exporters have sought an interim arrangement to get rid of hassle and penalty of the customs authority until re-fixation of the minimum limit of wastages in manufacturing knitwear. They alleg...

Banks asked to charge accounts maintenance fee once a year

Banks asked to charge accounts maintenance fee once a year

FE REPORT 2021-04-12 09:00:05

The Bangladesh Bank on Sunday asked banks to charge account maintenance fee one time in a year in order to rationalise the same amid the coronavirus pandemic. It said one-time maintenance fee instead...

Sugar price raised by Tk 3 a kilogram

Sugar price raised by Tk 3 a kilogram

FE REPORT 2021-04-12 08:25:33

The government has increased the sugar price by Tk 3 per kg ahead of the upcoming holy month of Ramadan. Industries Minister Nurul Majid Mahmud Humayun on Sunday announced the revised price at a vi...

Owners ‘get greenlight’ to keep factories open during lockdown

Owners ‘get greenlight’ to keep factories open during lockdown

-- 2021-04-11 21:23:31

Apparel industry entrepreneurs are claiming to have received the greenlight from the government to keep export-focused factories running as Bangladesh prepares to enter a 'complete lockdown' to curb t...

F-commerce entrepreneurs rising significantly, says Palak

F-commerce entrepreneurs rising significantly, says Palak

-- 2021-04-11 19:58:59

State Minister for ICT Zunaid Ahmed Palak on Sunday said the participation of young entrepreneurs in F-commerce (Facebook commerce) is on the rise significantly. "At least 400,000 new entrepreneurs a...

BERC to announce LPG price for first time on Monday  

BERC to announce LPG price for first time on Monday  

-- 2021-04-11 19:46:59

The Bangladesh Energy Regulatory Commission (BERC) is going to announce the price of liquefied petroleum gas (LPG) on Monday for the first time in the country. BERC Chairman Md Abdul Jalil on Sunday...

China's antitrust regulator bulking up as crackdown on behemoths widens

China's antitrust regulator bulking up as crackdown on behemoths widens

Reuters 2021-04-11 16:25:11

China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, peop...

Textile, RMG leaders demand keeping factories out of lockdown purview

Textile, RMG leaders demand keeping factories out of lockdown purview

FE Online Report 2021-04-11 16:03:48

Leaders of the country’s textile, readymade garment (RMG) and other related industries on Sunday demanded keeping their factories out of the purview of lockdown. The demand came at a joint pres...

NBR cuts advance tax on import of soya bean and palm oil

NBR cuts advance tax on import of soya bean and palm oil

FE ONLINE REPORT 2021-04-11 13:42:27

The National Board of Revenue (NBR) has waived 4.0 per cent advance tax (AT) on import of soybean and palm oil. The AT has been waived to keep prices of the essential commodity affordable to the cons...

Chattogram traders concerned over fresh lockdown

Chattogram traders concerned over fresh lockdown

OUR CORRESPONDENT, CHATTOGRAM 2021-04-11 11:00:30

Traders and general public in the port city on Friday voiced concern over imposition of a new lockdown next week, saying businesses will collapse and survival of many will be at stake if fresh shutdow...

Customs officials say most importers show vague declaration of goods

Customs officials say most importers show vague declaration of goods

DOULOT AKTER MALA 2021-04-11 10:42:27

A majority of the importers are giving non-responsive declarations in the import documents of commercial goods, forcing the customs authorities to conduct physical verification. The customs authoriti...

Events leading up to China's $2.75b fine on Alibaba

Events leading up to China's $2.75b fine on Alibaba

REUTERS 2021-04-11 10:22:15

China slapped a record $2.75 billion antitrust fine on Alibaba Group Holding Ltd on Saturday, after regulators determined the e-commerce giant had abused its dominant market position for several years...

US senators criticise Apple for not testifying on antitrust concerns

US senators criticise Apple for not testifying on antitrust concerns

REUTERS 2021-04-11 09:50:02

Apple Inc is refusing to testify at an upcoming US Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday. App makers long...

Korean battery firms set to announce deal to resolve US trade dispute

Korean battery firms set to announce deal to resolve US trade dispute

REUTERS 2021-04-11 09:45:02

South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and...