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The Financial Express

Search results for: trade

Local fabric, RMG exporters to take part in three-day virtual show

Local fabric, RMG exporters to take part in three-day virtual show

FE Online Report 2020-07-02 18:55:33

Local fabric and readymade garment exporters under the state-owned Export Promotion Bureau (EPB) will take part at the three-day virtual show, first of its kind, scheduled to begin on July 21. ...

Oil prices gain on fall in US crude stockpiles

Oil prices gain on fall in US crude stockpiles

REUTERS 2020-07-02 16:21:24

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in US coronavirus infections and revived lockdown measures in California could stall a recovery in fuel d...

World food price index rises in June, first increase in 2020: UN

World food price index rises in June, first increase in 2020: UN

REUTERS 2020-07-02 15:54:46

World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus pandemic, the United Nations food agency said on Thursd...

US House passes bill to sanction Chinese banks over Hong Kong

US House passes bill to sanction Chinese banks over Hong Kong

REUTERS 2020-07-02 12:37:18

The US House of Representatives passed legislation on Wednesday that would penalise banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi ca...

SBAC BANK gets Tariqul Islam Chowdhury as MD and CEO

SBAC BANK gets Tariqul Islam Chowdhury as MD and CEO

FE ONLINE DESK 2020-07-02 12:33:30

Tariqul Islam Chowdhury has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of South Bangla Agriculture and Commerce (SBAC) Bank Limited. He was earlier the Acting MD a...

Pandemic hits city's day labourers hard

Pandemic hits city's day labourers hard

Adnan Hossain Bhuiyan 2020-07-02 10:35:40

As the coronavirus pandemic shows no signs of slowdown, livelihood of day labourers in the capital city becomes more vulnerable amid reduced economic activities, resulting in scarcity of work and fall...

Dollar's dominance to slowly melt away over coming year: Poll

Dollar's dominance to slowly melt away over coming year: Poll

REUTERS 2020-07-02 10:30:26

The dollar’s dominance will slowly melt away over the coming year on weakening global demand and a sombre US economic outlook, according to a Reuters poll of currency forecasters whose views dep...

Veg prices see steep rise

Veg prices see steep rise

FE Report 2020-07-02 10:13:30

The prices of vegetables increased significantly in last few days which traders attributed to flash flood and heavy rain in some districts of the country. Heavy downpour and onrush of water from upst...

Import of used clothes: Traders' plea for extension of time

Import of used clothes: Traders' plea for extension of time

FE REPORT 2020-07-02 10:08:51

An association of second-hand or used clothes importers has requested the government to extend the time frame to import such clothes, officials said. It has recently sent a letter to commerce secreta...

Benapole port users halt import trade with India

Benapole port users halt import trade with India

OUR CORRESPONDENT 2020-07-02 09:59:58

Port users' have suspended imported Indian goods through Benapole port from Wednesday morning to protest of India refused to accept Bangladeshi exports goods. As a result, hundreds of trucks loaded...

HI operating profits of a number of PCBs plunge

HI operating profits of a number of PCBs plunge

Siddique Islam 2020-07-02 09:25:05

Operating profits of a number of private commercial banks (PCBs) dropped significantly in the first half of the current calendar year. The decline in profit is largely attributed to the fixation of s...

DCCI condoles death of Latifur Rahman

DCCI condoles death of Latifur Rahman

FE Online Report 2020-07-01 19:01:08

Dhaka Chamber of Commerce and Industry (DCCI) expressed its deep condolence at the death of Latifur Rahman, Chairman and CEO of Transcom Group. Shams Mahmud, President of DCCI, condoled the death o...

Pandemic sinks Japan business mood to lowest since 2009 crisis

Pandemic sinks Japan business mood to lowest since 2009 crisis

-- 2020-07-01 18:28:44

Japanese manufacturers’ confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-...

Google postpones US office reopening to September

Google postpones US office reopening to September

Reuters 2020-07-01 16:10:45

Alphabet’s Google said late on Tuesday (US standard time) it was delaying the reopening of its US offices by around two months because of a surge in the number of coronavirus cases in some...

ERL resumes operation

ERL resumes operation

FE Online Report 2020-07-01 15:40:17

Eastern Refinery Ltd (ERL), the lone crude oil refinery of the country, resumed operation this week as private sector started taking furnace oil from its stocks. Local Summit Group took around 10,000...

Uber app now available in Bangla

Uber app now available in Bangla

FE Online Report 2020-07-01 14:50:56

World’s leading ride sharing firm Uber has rolled-out the Bangla version of the app for drivers and riders in Bangladesh. Available on Android OS, the new language setting will help drivers wit...

Work from home is now easier with ISHO's sale

Work from home is now easier with ISHO's sale

FE Online Desk 2020-07-01 14:21:07

With COVID-19 spreading across the country like wildfire, the work-from-home culture has slowly become the new normal for most of us. While employees and companies have had to adapt to this sudden cha...

Islami Bank reaches Tk 1.0 trillion deposit milestone

Islami Bank reaches Tk 1.0 trillion deposit milestone

FE Online Report 2020-07-01 14:09:17

Islami Bank Bangladesh Limited (IBBL) reached the deposit milestone of Tk 1.0 trillion on Tuesday -- for the first time in the private banking sector of Bangladesh -- despite the ongoing Covid-19 pand...

June sees 100 incidents of labour unrest over wage

June sees 100 incidents of labour unrest over wage

Monira Munni 2020-07-01 10:13:20

The country's six industrial zones witnessed more than 100 incidents of labour unrests in June mainly over non-payment of wages, official data reveals. Besides, workers of some 1,004 factories are ye...

Asia's factory pain eases as region emerges from pandemic

Asia's factory pain eases as region emerges from pandemic

REUTERS 2020-07-01 10:06:58

Asia’s factory pain showed signs of easing in June, as a rebound in China’s activity offered some hope the region may have passed the worst of the devastation caused by the coronavirus pan...

Interest rate spread drops in April

Interest rate spread drops in April

FE REPORT 2020-07-01 09:57:08

Interest rate spread dropped significantly in April following implementation of the single-digit interest rate in the country's banking sector. The weighted average spread between lending and deposit...

DNCRP finds four reasons behind rice price hike   

DNCRP finds four reasons behind rice price hike  

REZAUL KARIM 2020-07-01 09:53:47

Government monitoring teams have identified increase in transport costs, price hike by rice millers, and massive purchase of paddy from the farmers as possible reasons for a recent surge in rice price...

Experts favour unity among RMG sector players

Experts favour unity among RMG sector players

FE REPORT 2020-07-01 09:46:58

Bangladesh International Arbitration Centre (BIAC) Chairman Mahbubur Rahman (top, right) speaking at the discussion on Problems in Trade and Supply Chain on a digital platform on Monday Experts in a...

'Data-based exit strategy a must'

'Data-based exit strategy a must'

-- 2020-07-01 09:31:36

The exit from lockdown or general holidays should be based on data to get the desired outcome, said a business leader. "Entering into lockdown is a strategy and exit is also a strategy and this shoul...

Indian Oil, Beximco form joint venture for LPG business in BD

Indian Oil, Beximco form joint venture for LPG business in BD

-- 2020-06-30 19:55:39

Indian Oil Corporation and Beximco LPG have signed an agreement to form a 50:50 joint venture company for LPG business in Bangladesh. As per the business plan, the JVC will begin functioning by acqui...

Unilever acquires 81.98 pc share of GlaxoSmithKline, Bangladesh

Unilever acquires 81.98 pc share of GlaxoSmithKline, Bangladesh

FE Online Report 2020-06-30 19:40:31

In a major corporate takeover, Unilever, on Tuesday, announced its successful completion of acquiring 81.98 per cent shares of GlaxoSmithKline Bangladesh Limited (GSKBD) from Setfirst (GSK Group). T...

Vegetable prices witness notable rise

Vegetable prices witness notable rise

FE Online Report 2020-06-30 19:22:07

Vegetable prices witnessed a notable rise in last few days as ongoing flood and heavy rain in some hubs disrupted supply chain. Some areas of 16 districts in northern and north-eastern regions are wi...

BD seeks duty-free RMG product access to USA

BD seeks duty-free RMG product access to USA

FE Online Report 2020-06-30 17:09:22

Bangladesh requested the USA to provide duty free market access for Bangladeshi garment products for two years as the industry is bearing the brunt of the cancellation of orders by US buyers. Foreign...

Will office buildings ever be the same? Empire State offers clues

Will office buildings ever be the same? Empire State offers clues

REUTERS 2020-06-30 16:08:29

The Empire State Building has been a symbol of America’s economic might for almost 90 years. Of late, it’s also become a symbol of its struggle with the coronavirus. The once jam-packed 1...

Bangladeshi startup selected for Startup Istanbul final

Bangladeshi startup selected for Startup Istanbul final

FE ONLINE DESK 2020-06-30 15:11:06

A Bangladeshi startup has been selected for the final stage of Startup Istanbul Acceleration Programme to be held today (Tuesday). A jury board comprising experts from Europe, the Americas and the Mi...