The Financial Express

Search results for: trade

Govt incurs Tk 10.0b loss every year for illegal handset imports

-- 2018-11-27 19:54:53

The government is incurring a loss of around Tk 10.00 billion every year due to unchecked volumes of handset shipments into the country through unauthorised channels. The Bangladeshi Mobile Phone Imp...

US-Bangla offers holiday packages

-- 2018-11-27 18:09:40

US-Bangla Airlines has announced holiday packages for tourists to Singapur, Malaysia and Kualalampur. Credit card users will be able to avail the packages through payment in six equal monthly insta...

Tamim becomes brand ambassador for Cats Eye

FE Online Desk 2018-11-27 16:52:54

Renowned national cricketer Tamim Iqbal Khan has become brand ambassador for lifestyle fashion brand ‘Cats Eye’. The officials of the popular fashion house have announced the name of t...

34 int’l flights land in time at Dhaka airport

FE Online Report 2018-11-27 16:51:20

34 international flights from different regions have landed safely without making any delay at Hazrat Shahjalal International Airport in Dhaka on Tuesday. The flights had been monitored from 12:00 am...

Cyber Monday sales to reach $7.8b

-- 2018-11-27 16:21:18

US consumers are on track to spend 7.8 billion US dollars in online shopping on Cyber Monday, up 18.3 per cent from last year, according to Adobe Analytics. Cyber Monday, which falls on the first...

SIBL opens 85th agent banking outlet

-- 2018-11-27 14:39:07

Social Islami Bank Limited (SIBL) opened its 85th Agent Banking Outlet at Handial Bazar, Chatmohor, Pabna recently. Md. Sirajul Haque, Deputy Managing Director, inaugurated the outlet being the Chief...

Union Bank opens Zorargonj branch

FE Online Desk 2018-11-27 14:32:35

Omar Farooque, Managing Director of Union Bank Limited inaugurated the Zorargonj Branch of the bank at Mirsarai in Chattogram as the chief guest on Tuesday. Deputy Managing Director Hasan Iqbal, Prin...

Citi celebrates 30 yrs in Bangladesh

FE Online Desk 2018-11-27 14:26:28

Citibank N.A. celebrated 30 years anniversary in Bangladesh with clients, regulators, alumni and community partners recently. The celebration was hosted by N. Rajashekaran, Managing Director and Citi...

Oil slips on record Saudi output

Reuters 2018-11-27 12:40:09

Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC’s top producer pushes for supply cuts ahead of the group’s meeting in Austria next week. International...

Alibaba's Jack Ma is a 'Communist Party member'

Reuters 2018-11-27 10:43:11

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public as...

General Motors to slash jobs and production

-- 2018-11-27 10:43:00

General Motors Co says it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment t...

Ghosn suspected of shifting personal investment losses to Nissan

Reuters 2018-11-27 10:34:51

Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses incurred during the 2008 financial crisis to the automaker to avoid millions of dollars in losses himself, the...

Entry-level RMG workers to get Tk 8,000 each

FE Report 2018-11-27 10:10:44

The government has finally set the minimum monthly wage for entry-level workers in the readymade garment (RMG) industry at Tk 8,000. The ministry of labour and employment published the gazette notifi...

Local company starts coffee plum export

Yasir Wardad 2018-11-27 09:59:38

A local company has recently made a shipment of Lukluki (coffee plum) for the first time which, experts believe, will help diversify the country's export basket. The traditional fruit Lukluki, which...

PPP Act up for amendment

Munima Sultana 2018-11-27 09:41:13

Three years after its enactment, a move has been taken to amend the Public-Private Partnership (PPP) Act for incorporating a new concept in it facilitating government-to-government (G to G) investment...

UBICO sponsors eye camp for Rohingya

-- 2018-11-26 21:08:49

The UBICO has sponsored an eye camp for Rohingya refugees in cooperation with the Resource Integration Centre (RIC) under its corporate social responsibility (CSR) programme, says a statement. Dr....

Cabinet approves draft of Company (amendment) Law, 2018

FE Online Desk 2018-11-26 16:39:35

The cabinet has approved in principle the draft of 'The Company (amendment) Law, 2018' incorporating a provision allowing formation of a 'one-man company'. The approval was given at the weekly meetin...

UCB holds strategy meet and budget session for 2019

FE Online Desk 2018-11-26 14:34:06

United Commercial Bank Limited (UCB) organised a strategy meet and budget session for 2019 named “Seize the Goal” at BCDM, Savar recently. Management of the Bank focuses on setting the st...

‘Rupali’ to provide updated aquaculture advisory services to fish farmers

FE Online Desk 2018-11-26 14:28:53

An agreement was signed recently between ACI Agribusiness, the leading aggregator of Agro inputs and WorldFish, a nonprofit research organisation working for improvement of fisheries and aquaculture i...

Ghosn in firing line again as Mitsubishi Motors board meets

Reuters 2018-11-26 14:17:34

Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financ...

78 digital campaigns honoured

FE Online Desk 2018-11-26 13:55:17

The second edition of Digital Marketing Award honoured 78 digital campaigns through a grand award gala on Saturday, said a statement. An initiative of Bangladesh Brand Forum, Digital Marketing Award...

Three int’l flights miss arrival schedules

FE Online Report 2018-11-26 12:58:32

Three flights of different airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in the capital on Monday. BG 202 from London was scheduled to arrive a...

Shortage of cargo ships hits goods transportation

Rezaul Karim 2018-11-26 10:36:32

The government is set to increase the number of freight vessels to overcome the supply and demand mismatch, officials said. Presently, the country has been facing an acute shortage of lighterage sh...

Governance failure major risk to doing business in BD

Asjadul Kibria 2018-11-26 10:19:02

The failure of national governance becomes a major risk to doing business in Bangladesh and also in two other South Asian nations Nepal and Sri Lanka, according to a recent report released by the Worl...

NBR weighs further tax cut for RMG exporters

Doulot Akter Mala 2018-11-26 10:10:34

The National Board of Revenue (NBR) is reviewing a proposal for further tax benefit for the readymade garment (RMG) exporters. The review comes a month after apparel makers got the benefit of cut in...

Massive reforms can give state jute mills a new lease of life

FE Report 2018-11-26 09:53:19

Massive reforms of the state-run jute mills can only save them from incurring ballooning losses, sector insiders suggested at a seminar on Sunday. At the same time, they recommended rationalising the...

Banks in reverse gear

FE Report 2018-11-26 09:42:19

An overwhelming majority of the country's banks are leaning towards centralisation of their operations, although most of the customers prefer a decentralised system, an industry-wide survey has found....

NRB Bank to set up 300 agent banking outlets by next year

Siddique Islam 2018-11-25 21:36:23

NRB Bank Limited has planned to set up more than 300 agent banking outlets across the country by 2019, aiming to bring the unbanked people in the banking network, the bank's top executive has said. T...

Mercedes-Benz issues recall in China over software error

-- 2018-11-25 20:11:15

German carmaker Mercedes-Benz will recall a total of 141 imported automobiles in China over incorrect software parameters on multi-functional cameras, according to China's market regulator. Starting...

OPPO prepares to launch new smartphone in Kenya

-- 2018-11-25 20:10:29

Chinese smartphone marker OPPO plans to unveil a new smartphone into the Kenyan market before the end of 2018, officials said on Saturday. Jesse Wu, brand manager of OPPO Kenya, said that the OPPO A7...