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The Financial Express

Search results for: trade

Telenor writes off Myanmar business after coup, posts Q1 loss

Telenor writes off Myanmar business after coup, posts Q1 loss

-- 2021-05-04 17:44:28

Norway's Telenor wrote off the value of its Myanmar operation in view of the country's deteriorating security and human rights situation, plunging the group into a first-quarter loss and sending its s...

Saudi oil firm Aramco’s first-quarter profits soar by 30pc

Saudi oil firm Aramco’s first-quarter profits soar by 30pc

-- 2021-05-04 14:27:21

Saudi Aramco’s profits soared by 30 per cent for the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices, the oil company said Tuesday. The company&r...

SM Group sets up Tk 1.3b RMG accessories factory

SM Group sets up Tk 1.3b RMG accessories factory

YASIR WARDAD 2021-05-04 10:30:52

When the country's economy is going through a tough ride due to the Covid-19 pandemic, SM Group, a leading conglomerate of ready-made garment (RMG) and textile sector in the country, is showing some s...

Traders demand that shops be allowed to keep open until midnight

Traders demand that shops be allowed to keep open until midnight

FE REPORT 2021-05-04 10:21:21

President of Bangladesh Shop Owners Association (BSOA) Helal Uddin said they were expecting the government permission to keep shops open until midnight. They had sent a letter to the Prime Minister's...

Industrial raw material 'soda ash' now costlier

Industrial raw material 'soda ash' now costlier

FE REPORT 2021-05-04 10:07:09

The prices of 'chemical soda ash', a key industrial raw material, have surged by more than 30 per cent to approximately Tk 40 a kg in the local market, as the major exporting nation is delaying shipme...

Lafarge ordered to pay gas bill dues of Tk 902m

Lafarge ordered to pay gas bill dues of Tk 902m

FE REPORT 2021-05-04 10:00:16

LafargeHolcim Bangladesh Ltd, multinational cement manufacturing company, will have to pay an outstanding gas bill of around Tk 902.50 million to state-run Jalalabad Gas Transmission and Distribution...

ADB launches tax hub to enhance domestic resource mobilisation

ADB launches tax hub to enhance domestic resource mobilisation

BSS 2021-05-03 21:28:33

The Asian Development Bank (ADB) Monday launched an Asia Pacific Tax Hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing, and strengthen coordi...

Bottled cooking oil price fixed at Tk 141 per litre

Bottled cooking oil price fixed at Tk 141 per litre

-- 2021-05-03 20:42:02

The maximum retail price of bottled cooking oil has been fixed at Tk 141 per litre. The new price was determined in a meeting between the Ministry of Commerce and the oil traders on Monday, reports b...

Walton AC registers 450pc sales growth in January-April period

Walton AC registers 450pc sales growth in January-April period

FE ONLINE DESK 2021-05-03 18:29:39

Local electronics giant Walton has registered a sharp growth of 450 per cent in its sales of air conditioners (ACs) in January to April period of this year compared to that of corresponding period of...

SC orders LafargeHolcim to pay Tk 902.50m due gas bills

SC orders LafargeHolcim to pay Tk 902.50m due gas bills

FE ONLINE REPORT 2021-05-03 17:52:26

Multinational cement manufacturing company LafargeHolcim Bangladesh Ltd will have to pay  around Tk 902.50 million to state run Jalalabad Gas Transmission and Distribution Systems Ltd (JGTDSL) on...

SMEs incentive application open

SMEs incentive application open

-- 2021-05-02 21:59:46

Small and medium enterprises (SMEs) can apply for loans under the government’s incentive package to offset the coronavirus losses from Sunday. A virtual press briefing revealed on Saturday that...

Rajshahi growers hope to export 300 tonnes of mango this year

Rajshahi growers hope to export 300 tonnes of mango this year

-- 2021-05-02 21:55:30

Mango growers of Rajshahi region have set the target to export 300 tonnes of mango to different countries after meeting up the local demand during the forthcoming harvesting season. To achieve the ta...

Central bank allows e-CAB members to remit abroad $10,000 annually

Central bank allows e-CAB members to remit abroad $10,000 annually

BSS 2021-05-02 20:38:05

Bangladesh Bank (BB) today allowed members of the e-Commerce Association of Bangladesh (e-CAB) to remit abroad US$10,000 in a year each to meet their legitimate current expenses. “To facilitate...

German Ambassador, BGMEA President discuss avenues of collaboration

German Ambassador, BGMEA President discuss avenues of collaboration

FE ONLINE REPORT 2021-05-02 20:06:36

Ambassador of Germany to Bangladesh Peter Fahrenholtz paid a courtesy visit to BGMEA President Faruque Hassan at BGMEA office in Dhaka on Sunday. During the visit, they discussed the progress of curr...

HSBC BANGLADESH digitises Supply Chain  Finance for  supplier network

HSBC BANGLADESH digitises Supply Chain Finance for supplier network

FE Online 2021-05-02 16:39:03

The Hongkong and Shanghai Banking Corporation Limited and Unilever Bangladesh Limited this month conducted their first transaction using HSBC’s Supply Chain Finance platform (“HSCF”)...

Bitcoin rises 6.54pc to $57,098.08

Bitcoin rises 6.54pc to $57,098.08

-- 2021-05-01 17:54:04

Bitcoin rose 6.54 per cent to $57,098.08 on Friday, adding $3,504.11 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 105.9 per cent from the year's low of $27...

TikTok gets new CEO

TikTok gets new CEO

-- 2021-05-01 17:11:40

TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday. Chew, based in Singapore, will retain close tie...

Bangladesh's submarine cable company to claim downtime payment from Bharat Sanchar

Bangladesh's submarine cable company to claim downtime payment from Bharat Sanchar

ISMAIL HOSSAIN 2021-05-01 10:43:29

The Bangladesh Submarine Cable Company Ltd (BSCCL) is going to claim $120,000 in downtime payment from Indian state mobile service Bharat Sanchar Nigam Ltd (BSNL). Sources said the BSNL recently paid...

Refiners raise edible oil price

Refiners raise edible oil price

FE REPORT 2021-05-01 10:33:41

Prices of cooking oil and tomato, two different items consumption of which increases significantly in Ramadan, witnessed notable rise in the market last week, augmenting woes of the consumers, especia...

Dhaka's Eid sales yet to pick up

Dhaka's Eid sales yet to pick up

ARAFAT ARA AND SAIF UDDIN 2021-05-01 10:12:19

Shopowners have expressed their frustrations over their poor sales ahead of Eid-ul-Fitr mainly due to the impact of the prevailing Covid-19 pandemic. According to them, they could not achieve one-thi...

The attention women entrepreneurs need

The attention women entrepreneurs need

Selima Ahmad 2021-04-30 10:36:58

Despite having a significant quantity of quality products at very low prices, the women entrepreneurs are unable to sell the items in the international markets, even in the neighbouring countries like...

GPH to supply free oxygen to Covid-19 patients

GPH to supply free oxygen to Covid-19 patients

OUR CORRESPONDENT 2021-04-30 10:33:29

CHATTOGRAM: With more than 2,900 new coronavirus cases recorded nationwide till the morning of April 28 and a majority of them needed immediate hospitalisation after detection, the demand for medica...

RHD waits for Padma Bridge opening for imposing highway toll

RHD waits for Padma Bridge opening for imposing highway toll

Munima Sultana 2021-04-30 10:22:31

The Roads and Highways Department (RHD) is likely to bring the Dhaka-Mawa highway under toll system simultaneously with the Padma Bridge after its inauguration, officials said. They said the depart...

538 industrial units risk labour unrest, officials tell factory owners

538 industrial units risk labour unrest, officials tell factory owners

Monira Munni 2021-04-30 10:20:21

At least 538 manufacturing units, including textile mills and readymade garment (RMG) factories, across the country have the risks of facing labour unrest over payment of wages and festival allowance...

Energy regulator cuts LPG prices by 7pc

Energy regulator cuts LPG prices by 7pc

FE REPORT 2021-04-30 09:19:36

The Bangladesh Energy Regulatory Commission (BERC) reduced retail prices of LPG by around 7.0 per cent for trading in domestic market in May. The commission adjusted the LPG prices considering the Sa...

Facebook to pay $5.0m to US independent journalists

Facebook to pay $5.0m to US independent journalists

REUTERS 2021-04-29 22:09:05

Facebook Inc on Thursday said it will give $5.0 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make mone...

Walton to manufacture electric bikes soon

Walton to manufacture electric bikes soon

-- 2021-04-29 22:07:33

Local electronic giant Walton is going to introduce electric bikes or scooters to the market soon. The e-bikes will run up to 60 kilometres on a single charge and running each km will cost only 10-15...

Businessman Matiur Rahman, philanthropist  Abu Sayeed receive Japan’s  Rising Sun award

Businessman Matiur Rahman, philanthropist Abu Sayeed receive Japan’s Rising Sun award

FE Online Report 2021-04-29 18:11:16

The government of Japan will confer the Rising Sun award to noted businessman Matiur Rahman and philanthropist Abu Sayed this year. Matiur Rahman, chairman and managing director of Uttara Group of Co...

Tecno Camon 17 and 17p available on Evaly Cyclone

Tecno Camon 17 and 17p available on Evaly Cyclone

-- 2021-04-29 17:30:13

The Camon 17 and Camon 17p from Tecno, a popular mobile phone brand, will be available at Evaly.com.bd, one of the country's leading e-commerce marketplaces. The two devices will be sold exclusively o...

Private companies’ 12kg LPG now at Tk 906

Private companies’ 12kg LPG now at Tk 906

-- 2021-04-29 16:41:15

Further adjusting with Saudi Contract Price (CP), the Bangladesh Energy Regulatory Commission (BERC) has re-fixed the price of Liquefied Petroleum Gas (LPG) at retail level with effect from May 1. As...