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The Financial Express

Search results for: trade

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...

Consumer spending rises sharply ahead of Ramadan

Consumer spending rises sharply ahead of Ramadan

YASIR WARDAD 2021-04-11 09:10:50

Consumer spending has increased remarkably ahead of Ramadan this year amid a rising trend in prices of six key essentials including rice, edible oil, sugar, chicken meat, milk and fish. The prices...

Factory owners want to continue operations, labour leaders favour closure

Factory owners want to continue operations, labour leaders favour closure

MONIRA MUNNI 2021-04-11 08:16:52

Country's textile and clothing units have sought to continue operation during the upcoming weeklong lockdown while complying with the health-safety guideline. The lockdown is set to start from Apri...

USAID to launch project in Bangladesh to promote growth through energy

USAID to launch project in Bangladesh to promote growth through energy

-- 2021-04-10 19:11:02

USAID will soon launch a multi-year project of up to $17 million in Bangladesh, called "Bangladesh Advancing Development and Growth through Energy" (BADGE), subject to the availability of funds. This...

BTMA re-elects Khokon as president

BTMA re-elects Khokon as president

FE ONLINE REPORT 2021-04-10 17:54:59

Mohammad Ali Khokon has been re-elected as the president of Bangladesh Textile Mills Association (BTMA) for the two consecutive terms of  2021-2022 and 2022-23. Mohammad Fazlul Haque, Abdul...

Biotech firm Ginkgo in talks with SPAC for over $20b deal

Biotech firm Ginkgo in talks with SPAC for over $20b deal

-- 2021-04-10 15:28:29

Biotech startup Ginkgo Bioworks is in talks to go public through a merger with a blank-check firm backed by former Hollywood executives Harry Sloan and Jeff Sagansky, in a deal valued at about $20 bil...

Amazon's win in union fight shows harsh realities for labour movement

Amazon's win in union fight shows harsh realities for labour movement

-- 2021-04-10 11:04:22

Amazon.com Inc’s fierce resistance to unionisation, skepticism among workers that organising could get them a better deal and decisions on election parameters all contributed to the apparently l...

China slaps Alibaba with record $2.75 billion fine

China slaps Alibaba with record $2.75 billion fine

Reuters 2021-04-10 10:34:26

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust f...

Chittagong port users fear container congestion amid virus curbs

Chittagong port users fear container congestion amid virus curbs

OUR CORRESPONDENT 2021-04-10 10:16:03

CHATTOGRAM: The seven-day lockdown from Monday to contain the spread of coronavirus, hartal and two national and two weekly holidays last week have hampered trade activities, especially goods deliveri...

Bangladesh apparel exports to US fall 13pc in two months

Bangladesh apparel exports to US fall 13pc in two months

FE REPORT 2021-04-10 09:56:26

Apparel exports to the US, the country's single largest destination, registered over 13 per cent decline in the first two months of 2021 year-on-year mainly because of the Covid-19 pandemic. Banglade...

Proposal for inclusion of more e-commerce firms rejected

Proposal for inclusion of more e-commerce firms rejected

Rezaul Karim 2021-04-10 09:33:41

The industries ministry has turned down a proposal put forward by the commerce ministry to bring more e-commerce firms under its sugar supply arrangements, officials said. The commerce ministry in a...

3,000 female migrants to get Tk 20,000 each as grant

3,000 female migrants to get Tk 20,000 each as grant

Arafat Ara 2021-04-10 09:26:21

Wage Earners' Welfare Board has recently launched are integration project of Tk 60 million for 3,000 returnee female migrant workers to support them in their income-generating activities. Each of the...

Malta to pay tourists who visit this summer

Malta to pay tourists who visit this summer

Reuters 2021-04-10 08:32:46

Aiming to revive its tourism industry and get ahead of rival destinations, Malta plans to offer foreign visitors a handout of up to 200 euros ($238.10) each if they stay at least three days on the Med...

Bangladesh government set to procure Boro directly from farmers

Bangladesh government set to procure Boro directly from farmers

REZAUL KARIM AND YASIR WARDAD 2021-04-10 08:23:21

In a major policy shift, the government is planning to purchase Boro harvest directly from the farmers this season to help ensure a fair price for the latter and boost its own stock. On April 01, the...

Consumers spent additional $900b last year for online shopping globally

Consumers spent additional $900b last year for online shopping globally

FE ONLNE DESK 2021-04-09 17:49:26

As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online, an additional $900 billion being spent in retail online around the wor...

Businesses urged to submit VAT returns amid lockdown

Businesses urged to submit VAT returns amid lockdown

FE Report 2021-04-09 17:20:07

The National Board of Revenue (NBR) urged the businesses to comply with the existing provision of the VAT law by submitting VAT returns by the 15th of every month. In an office order on Thursday, the...

TCB to sell dates at Tk 80 per kg from Saturday

TCB to sell dates at Tk 80 per kg from Saturday

FE REPORT 2021-04-09 15:40:41

Trading Corporation of Bangladesh (TCB) is expected to start selling dates from tomorrow (Saturday) under its ongoing open market sale (OMS) move ahead of the upcoming holy month of Ramadan, according...

SHS scheme benefits Bangladesh $1.7b

SHS scheme benefits Bangladesh $1.7b

FE Report 2021-04-09 15:34:34

Bangladesh's net benefit for using the solar home system (SHS) was estimated at US$1.7 billion at constant 2018 US dollar price, said a World Bank (WB) report. It said the net financial gain of Bangl...

Amazon's fight against US union could continue even after vote

Amazon's fight against US union could continue even after vote

Reuters 2021-04-09 10:10:17

Officials with the National Labor Relations Board (NLRB) are expected to begin counting ballots on Thursday (local time) in the closely watched union election at an Amazon.com Inc warehouse in Besseme...