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The Financial Express

Search results for: trade

Netherlands for accommodating climate to boost trade, investment with Bangladesh

Netherlands for accommodating climate to boost trade, investment with Bangladesh

-- 2021-04-22 22:46:32

The Netherlands has put emphasis on an accommodating business climate for foreign investment and trade, as well as adherence to global labour and environmental standards, to attract more foreign inves...

China to help Bangladesh to formulate highway master plan

China to help Bangladesh to formulate highway master plan

MIR MOSTAFIZUR RAHAMAN 2021-04-22 09:43:44

China would assist Bangladesh in formulating the country's next highway master plan, highly placed sources said. "The previous plan was formulated in 2009. Now we need another one," a senior offici...

Matarbari fast-track power project in need of more fund and time

Matarbari fast-track power project in need of more fund and time

FHM HUMAYAN KABIR 2021-04-22 09:15:17

A fast-track coal-fired power project, taken up for implementation in 2014, is likely to be delayed by three and a half years with 46 per cent cost overrun, according to knowledgeable sources. They...

Non-bank financial institutions to remain open on limited scale

Non-bank financial institutions to remain open on limited scale

-- 2021-04-21 20:08:45

Bangladesh Bank has asked the non-bank financial institutions to reopen for emergency services on a limited scale amid a lockdown over the coronavirus outbreak. The institutions can reopen one branch...

Covid-19 pandemic boosts ambulance business in Bangladesh

Covid-19 pandemic boosts ambulance business in Bangladesh

FE ONLINE DESK 2021-04-21 19:31:39

Ambulance registrations in Bangladesh have risen sharply, both in the public and private sectors, during the Covid-19 pandemic. “Some 788 units of ambulances got registered in 2020, up 18 per c...

Over 1m Covid-affected families to receive PM’s cash aid through bKash

Over 1m Covid-affected families to receive PM’s cash aid through bKash

-- 2021-04-21 18:18:24

Mobile financial service bKash will distribute the cash aid of Prime Minister Sheikh Hasina to one million and fifty thousand families affected by the coronavirus pandemic. Through this initiative,...

Domestic flights resume after easing of lockdown restrictions

Domestic flights resume after easing of lockdown restrictions

-- 2021-04-21 14:22:11

Air carriers have resumed domestic operations a day after the Civil Aviation Authority of Bangladesh eased restrictions on air travel in the nationwide lockdown. US Bangla Airlines spokesperson Md Ka...

Despite Covid-induced losses, Bangladesh to remain a major source of apparels: Study

Despite Covid-induced losses, Bangladesh to remain a major source of apparels: Study

FE Online Report 2021-04-21 13:51:36

Bangladesh will remain a major source of apparels in the coming months despite the fact that the country has lost its share in the global market during the Covid period, according to a latest study....

Central bank to get T-bond daily trading data after listing

Central bank to get T-bond daily trading data after listing

JASIM UDDIN HAROON 2021-04-21 09:59:25

Major stock market stakeholders have reached a consensus on transferring daily trading data of the treasury bonds (T-bonds) to the Bangladesh Bank (BB) after their listing with the exchanges. There h...

Global LNG suppliers seek long-term deals with Bangladesh

Global LNG suppliers seek long-term deals with Bangladesh

M AZIZUR RAHMAN 2021-04-21 09:15:43

Global LNG (liquefied natural gas) suppliers are lobbying Bangladesh to secure long-term deals with an eye to ensuring a stake in the booming energy sector. The interested suppliers include new firms...

Bank borrowers’ loan repayment relaxed until June 30

Bank borrowers’ loan repayment relaxed until June 30

-- 2021-04-20 20:44:44

Bank borrowers can repay their loans by June 30 instead of the earlier deadline of March 31 without being defaulters, said a Bangladesh Bank circular. The measure was taken considering the ongoing pa...

Bank of England plans to launch digital currency

Bank of England plans to launch digital currency

BBC 2021-04-20 19:53:44

The Bank of England and the Treasury have announced they are setting up a taskforce to explore the possibility of a central bank digital currency. The aim is to look at the risks and opportunities in...

India approves MoU with Bangladesh on trade cooperation framework

India approves MoU with Bangladesh on trade cooperation framework

-- 2021-04-20 19:18:33

India on Tuesday approved the memorandum of understanding (MoU) signed with Bangladesh on March 27 on the establishment of a framework of cooperation in the area of trade remedial measures. The appro...

Banks to continue limited operations until April 28

Banks to continue limited operations until April 28

-- 2021-04-20 18:39:30

In compliances with the government's decision to extend the strict lockdown for one week more, banks will continue their limited operations until April 28, said a fresh circular issued by the central...

Nagad reaches 40m users’ landmark

Nagad reaches 40m users’ landmark

-- 2021-04-20 17:00:25

Nagad, the fastest-growing mobile financial service of this kind in the world, has surpassed the 40 million users’ landmark recently. The digital financial arm of Bangladesh postal department h...

Chattogram traders oppose fresh lockdown

Chattogram traders oppose fresh lockdown

OUR CORRESPONDENT 2021-04-20 10:42:13

CHATTOGRAM: Traders of the port city urged the government not to impose a fresh lockdown after the ongoing week-long shutdown that ends on Tuesday and allow the reopening of malls and supermarkets f...

Rights groups demand safe transportation of garment workers

Rights groups demand safe transportation of garment workers

FE REPORT 2021-04-20 10:15:04

Two local rights groups on Monday put stress on transportation of millions of garment workers during the ongoing lockdown amid the spike in Covid-19 casualties. They called for the government and t...

Tea Association seeks loan at 4.0pc interest rate

Tea Association seeks loan at 4.0pc interest rate

FE REPORT 2021-04-20 09:34:19

The apex trade body of tea producers has requested the Bangladesh Bank (BB) to provide loan at 4.0 per cent concessional interest rate for the survival of the pandemic-hit tea industry, officials said...

Gas crisis hits textile millers

Gas crisis hits textile millers

FE REPORT 2021-04-20 09:32:24

The country's primary textile millers on Monday expressed fear that they might fail to meet the existing export orders due to gas crisis. They said production at some 60 mills in Madhabkhola, Sripu...

Walton offers discount on online purchases

Walton offers discount on online purchases

-- 2021-04-19 20:47:26

Walton is offering big discounts on the online purchase of its electronic products, home and kitchen appliances, and IT devices. The brand's online sales platform Walton E-plaza has come up with seve...

Investor group calls for banks to set tougher climate targets

Investor group calls for banks to set tougher climate targets

-- 2021-04-19 15:58:52

A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change. Th...

Microsoft to invest $1.0b in Malaysia to set up data centres

Microsoft to invest $1.0b in Malaysia to set up data centres

-- 2021-04-19 15:39:23

Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prim...

Vivo X60 Pro: Camera comparable to DSLR quality, on top of all the flagship features

Vivo X60 Pro: Camera comparable to DSLR quality, on top of all the flagship features

-- 2021-04-19 15:00:29

Smartphone math is tough. There always seems to be some sacrifice when you make that purchase decision, choosing one over the others. Amid the ongoing battles about who can offer the latest hardware a...

BPC deposits Tk 90b surplus to state coffers

BPC deposits Tk 90b surplus to state coffers

M AZIZUR RAHMAN 2021-04-19 09:39:30

The state-run Bangladesh Petroleum Corporation (BPC) has paid around Tk 90 billion of its 'idle money' to the government exchequer over the past one year since March last year. The BPC paid Tk 50 b...

Hundreds of apparel factories out of operation

Hundreds of apparel factories out of operation

Monira Munni 2021-04-19 09:33:27

Many small and medium scale manufacturing units, located in major industrial belts, that had faced closure during the first wave of Covid-19 are yet to resume operations, according to sources. Most...

Businesses advocate alternatives to lockdown, seeking tax cut, stimulus

Businesses advocate alternatives to lockdown, seeking tax cut, stimulus

FE REPORT 2021-04-19 09:25:43

Country's apex trade body leader on Sunday urged the government to weigh alternatives to lockdown considering its adverse impact on the economy and the people in general. "Lockdown cannot be a sust...

GM and Toyota take different electric roads in China

GM and Toyota take different electric roads in China

REUTERS 2021-04-18 19:18:03

Toyota pioneered the world’s most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China. The Hong Guang Mini EV, a tiny, no-frills...

bKash offers 1.0pc cash bonus again on receiving remittance

bKash offers 1.0pc cash bonus again on receiving remittance

-- 2021-04-18 17:03:01

In the current COVID situation, especially during this month of Ramadan, bKash is offering 1.0 per cent  cash bonus on top of 2.0 per cent government incentive on remittance, to ensure more comfo...

Experts call for policy support, tax benefits to promote local automobile industry

Experts call for policy support, tax benefits to promote local automobile industry

FE Online Report 2021-04-18 16:21:26

Experts and stakeholders have called for appropriate policy support, incentives and tax benefits as these can foster the local automobile industry. In this regard, Mr Rizwan Rahman, president of Dhak...

China’s Ant explores ways for Jack Ma's exit

China’s Ant explores ways for Jack Ma's exit

Reuters 2021-04-18 11:08:36

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move...