The Financial Express

Search results for: trade

Weeklong Love Celebrations at The Westin Dhaka, Sheraton Dhaka

FE Online Desk 2023-02-07 12:10:05

Love is in the air! For all the love birds out there The Westin Dhaka and Sheraton Dhaka have arranged exciting celebrations from February 7 to February 14 at the signature venues of both the 5 star h...

Oil rises on China outlook, supply worries after Turkey earthquake

Reuters 2023-02-07 11:55:42

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal afte...

FBCCI pushes for more FTAs

FE REPORT 2023-02-07 09:13:21

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to sign more free trade agreements (FTAs) and preferential trade agreements (PTAs) with different countr...

Tea output edges down in 2022

NAZIMUDDIN SHYAMOL 2023-02-07 09:12:28

CHATTOGRAM: The country saw a slight fall in tea production last year after a record output in 2021, although the production cost increased. The annual tea production stood at 90.38 million kg in 202...

Bangladesh cuts wish-list for India imports

REZAUL KARIM 2023-02-07 08:59:13

Bangladesh has slashed its wish-list for annual import of six consumer commodities from India in tune with domestic demand, official sources said. Delhi recently recommended that Bangladesh should ra...

Thoughts on tidying tax affairs: Reconstitute NBR as an autonomous body

FE REPORT 2023-02-07 08:23:03

Policy analysis of tax expenditures is imperative to narrow the "trust deficit" between taxmen and taxpayers, an expert said Monday while businesses pleaded for reconstitution of the revenue board. T...

Earthquake affects Turkey’s oil terminal and ports, Iraq’s KRG pipeline

-- 2023-02-06 21:57:49

A major earthquake that struck Turkey and Syria early on Monday has halted operations at Turkey's oil terminal in Ceyhan and flows via Iraq's northern oil export pipeline from Kirkuk. Turkish pipelin...

Adani team to visit Bangladesh this month to discuss coal price, power tariff

-- 2023-02-06 21:47:56

A high-level team of the Indian Adani Group is likely to come to Bangladesh within this month to discuss the coal price and power tariff issue, said a highly placed source at the Bangladesh Power Deve...

Drug sales may fall by two-thirds globally this year

-- 2023-02-06 19:34:21

Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep COVID cliff and investor pressure to spend their windfa...

ONE Bank signs agreement with Dream Square Resort

-- 2023-02-06 19:00:22

ONE Bank Limited signed an agreement with Dream Square Resort recently. Md Rafiqul Islam, asst director of Sales & Marketing of Dream Square Resort and Md Kamruzzaman, hea...

Nissan, Renault unveil details of shake-up of their 24-year-old alliance

-- 2023-02-06 18:49:24

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance. The announcement comes after months of negotiations between the motor industry giants....

Midland Bank launches Green PIN Service for MDB Visa Card

-- 2023-02-06 18:31:07

Midland Bank Limited (MDB) has launched Green PIN Service for MDB Visa Card for their customers through a ceremony held on Monday at the Board Room of the Bank’s Head Office at Gulshan, Dhaka....

Mamunur Rashid Molla Joins CVC Finance as MD & CEO

FE ONLINE DESK 2023-02-06 14:39:24

Md. Mamunur Rashid Molla has recently joined CVC Finance Limited as Managing Director and CEO. Prior to his new assignment, he was Deputy Managing Director of South Bangla Agriculture & Commerce...

Retailers offering discounts on high-end iPhones in China

Reuters 2023-02-06 14:28:33

Third party retailers in China are offering discounts of as much as 10 per cent on Apple Inc's iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc and Suning are curren...

Chicken, beef prices fly high, beyond commoners’ reach

REZAUL KARIM and YASIR WARDAD 2023-02-06 09:35:25

Beef and broiler chickens witnessed notable hikes in prices in the last few days, augmenting further the sufferings of commoners. Beef prices hit Tk 720-750 a kg on Sunday, showing a Tk 30-50 hike in...

Right groups seek abolition of two grades from RMG wage structure

Monira Munni 2023-02-06 09:12:32

Right groups want abolition of two grades from the existing seven-grade wage structure for the country's readymade garment workers, alleging factory owners deprive the workers keeping them under-grade...

Service exporters to enjoy foreign currency retention quota facility

-- 2023-02-05 19:53:03

The Bangladesh Bank (BB) has asked authorised dealer (AD) banks to provide service exporters with exporters’ retention quota (ERQ) account services so that they could carry out remittance transa...

Potato export to Russia to resume this year

-- 2023-02-05 19:05:00

Agriculture Minister Dr Abdur Razzaque on Sunday said Bangladesh will resume exporting potatoes to Russia this year. "Prior to Russia's ban, a huge amount of potatoes used to be exported from the cou...

ICC Bangladesh holds a workshop on combating financial crimes

FE ONLINE DESK 2023-02-05 18:58:14

ICC Bangladesh organised a day-long workshop on ‘Combating Financial Crimes: Means, Ways & Redress’ on Saturday at a local hotel in Dhaka. According to a press release, ICC Bangladesh...

Production, sales of ‘Made in Bangladesh’ handsets increasing rapidly

-- 2023-02-05 18:23:25

The production and sales of ‘Made in Bangladesh’ handsets are increasing rapidly amid a sharp fall in imports, according to bdnews24.com. Locally manufactured handsets from around a dozen...

SIBL signs agreement with BB for Export Facilitation Pre-finance Fund

-- 2023-02-05 18:06:52

A participation agreement was recently signed between Bangladesh Bank and Social Islami Bank Limited to avail Export Facilitation Pre-finance Fund (EFPF). Bangladesh Bank has formed a fund worth Tk 1...

Pubali Bank holds managers’ conference in Ctg

FE ONLINE DESK 2023-02-05 17:57:01

Pubali Bank Limited has organised the Managers’ Conference-2023 of Chattogram Central, South and North Zone as well as the Agrabad & CDA Corporate Branch of the bank recently. Mohammad Ali,...

Payment of ‘Marine Cargo Insurance’ claim by Desh General Insurance Company Limited

-- 2023-02-05 17:34:04

The Chief Executive Officer of Desh General Insurance Company Limited (DGIC) Ms Mohammodi Khanam handed over a cheque of TK. 1.6 millionto Engr. Syed Ishtiaq Ahmed , managing director of Saiham Cotton...

Indian refiners pay traders in dirhams for Russian oil

-- 2023-02-05 15:40:28

Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of US dollars, four sources with knowledge of the matter said....

Smart Technologies signs MoU with Sonali Bank

FE ONLINE DESK 2023-02-05 13:22:50

Smart Technologies (BD) Limited has recently signed a data centre agreement with Sonali Bank. The signing ceremony was held at Sonali Bank's head office on January 31, according to a media release.&...

Sugar price mystery baffles Bangladesh as traders, refiners play blame game

bdnews24.com 2023-02-05 10:02:30

Refiners proposed to raise the retail price of unpackaged sugar by Tk 5 to Tk 107 per kg about two weeks ago. But the actual price of the sweetener in Dhaka’s markets was already higher th...

Chattogram elevated expressway to partially open to traffic next month

Nazimuddin Shyamol 2023-02-05 09:03:30

CHATTOGRAM, Feb 04: The Chattogram Elevated Expresssay which is scheduled to be partially opened for traffic in March this year will usher in a new era of communication in the port city. Once its use...

Mechanisation to up Aus output: Experts

FE REPORT 2023-02-05 08:54:54

Following fall in Aus rice production last season, the government is focusing on raising the grain's output this season. To do so, it is emphasising mechanisation to increase per hectare crop yield in...

Abandoned Sangu infrastructure: Eight years on, facilities still left to rust away

M AZIZUR RAHMAN 2023-02-05 08:43:05

The platform and reservoir of Sangu, the country's maiden offshore natural gas field, have been remaining idle for over the past eight years despite having a potential for utilising the facilities as...

Deal to avoid double taxation can boost Bangladesh-South Africa trade: Shahriar Alam

-- 2023-02-04 19:56:48

State Minister for Foreign Affairs Md Shahriar Alam has said Bangladesh and South Africa have common socio-economic development objectives and there are huge potentials to boost trade and investment b...