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The Financial Express

Search results for: trade

Facebook reports strong third-quarter results

Facebook reports strong third-quarter results

-- 2020-10-30 14:07:25

Facebook Inc. has reported its financial results for the third quarter of 2020, with net income growing 29 per cent to 7.85 US billion dollars for the quarter ending on Sept. 30, compared with $6.09 b...

Bangladesh’s export volatility high during pandemic: UNCTAD

Bangladesh’s export volatility high during pandemic: UNCTAD

FE ONLINE REPORT 2020-10-30 10:09:54

Bangladesh is one of the high volatile countries in terms of export, especially during the pandemic, according to an estimate of the United Nations Conference on Trade and Development (UNCTAD). The e...

Procurement condition slows down India-funded projects

Procurement condition slows down India-funded projects

MUNIMA SULTANA 2020-10-30 09:32:46

The condition to purchase 75 per cent materials from India for projects under the Indian Line of Credits (LoCs) is the main reason for delay in project implementation, according to a virtual review me...

Suppliers like Bangladesh suffer most as brands skip payments: Global report

Suppliers like Bangladesh suffer most as brands skip payments: Global report

MONIRA MUNNI 2020-10-30 09:31:37

About 35 per cent of 428 surveyed fashion brands failed to show any evidence of making regular payments to their suppliers during the Covid-19 pandemic, according to a recent global report. Around 65...

Jamuna Bank opens 300th ATM booth at Mohammadpur-Bosila road

Jamuna Bank opens 300th ATM booth at Mohammadpur-Bosila road

-- 2020-10-29 20:38:41

The 300th ATM booth of Jamuna Bank Limited was inaugurated at Mohammadpur-Bosila road in the capital on Thursday. Nur Mohammed, chairman of the Jamuna Bank Foundation, was present as the chief guest...

Air bubble between India and Bangladesh inaugurated: Check destinations and arrival guidelines here

Air bubble between India and Bangladesh inaugurated: Check destinations and arrival guidelines here

-- 2020-10-29 18:26:35

Air bubble arrangement between Bangladesh and India inaugurated! After months of lockdown and suspension of flights, the air bubble between India and Bangladesh was inaugurated by High Commissioner of...

First flight from Bangladesh under air bubble agreement lands in Kolkata

First flight from Bangladesh under air bubble agreement lands in Kolkata

-- 2020-10-29 18:00:16

The Kolkata airport, under the air bubble agreement with Bangladesh today received the first flight from Dhaka while an Antonov AN-124 aircraft, termed as world’s largest civil cargo aircraft, l...

Bangladesh seeks two LNG cargoes for December delivery

Bangladesh seeks two LNG cargoes for December delivery

-- 2020-10-29 17:41:37

Bangladesh’s state-owned Rupantarita Prakritik Gas Company is seeking two liquefied natural gas (LNG) cargoes for delivery in December through separate tenders, two industry sources said on Thur...

Oil extends losses on fresh Covid-19 lockdowns, over-supply worries

Oil extends losses on fresh Covid-19 lockdowns, over-supply worries

-- 2020-10-29 17:09:04

SINGAPORE/MELBOURNE - Oil prices fell on Thursday, extending a 5.0 per cent slump in the previous session, as governments’ renewed restrictions to curb a second wave of coronavirus infections an...

UCB donates blankets to PM’s relief fund

UCB donates blankets to PM’s relief fund

FE Online Desk 2020-10-29 15:49:31

United Commercial Bank Limited donated 1,50,000 pieces of blankets to Prime Minister’s Relief Fund on Wednesday. Mr Anisuzzaman Chowdhury Ronny, Executive Committee Chairman of UCB delivered th...

UK says no to 'Britain First' trade policy, slamming US and EU

UK says no to 'Britain First' trade policy, slamming US and EU

REUTERS 2020-10-29 11:15:18

Britain will on Thursday chide the “pernicious” trade practices of the United States and Europe, even as it tries to pin down deals with its most important allies in a post-Brexit drive to...

Daraz to host world’s biggest sale day ‘11.11’ campaign for third time

Daraz to host world’s biggest sale day ‘11.11’ campaign for third time

FE Online Desk 2020-10-29 10:51:26

Daraz Bangladesh- a concern of Alibaba Group and country's largest online marketplace is hosting the Eleven Eleven (11.11) campaign for the third time. Daraz’s parent company, Alibaba Group had...

Cost of new EU tech rules could top $100.5b

Cost of new EU tech rules could top $100.5b

REUTERS 2020-10-29 09:55:43

The European Union’s plan to rein in US tech giants with new rules could cost the 27-country bloc as much as 85 billion euros ($100.5 billion) in economic growth, Brussels-based think tank ECIPE...

Belgian company to be hired for Payra seaport channel dredging

Belgian company to be hired for Payra seaport channel dredging

FE REPORT 2020-10-29 09:42:05

The Cabinet Committee on Economic Affairs on Wednesday approved dredging of Rabnabad channel of Payra seaport by Belgium-based company Jan De Nul. The maintenance dredging will be done under direct p...

Govt to procure 850,000 MT food grains from marginal farmers

Govt to procure 850,000 MT food grains from marginal farmers

-- 2020-10-28 19:06:42

The government will procure a total of 850,000 metric tonnes of food grains this year from the marginal farmers across the country. The decision was taken in an online meeting of the Food Planning an...

‘Walton Laptop Exchange Offer’ gets huge response

‘Walton Laptop Exchange Offer’ gets huge response

-- 2020-10-28 18:32:15

The ongoing ‘Laptop Exchange Offer’, initiated by the country’s electronics and technology giant Walton, has been receiving huge customers’ response across the country as custo...

Cooking oils dearer in Bangladesh amid global supply shortage

Cooking oils dearer in Bangladesh amid global supply shortage

-- 2020-10-28 17:43:12

Edible oil prices in Bangladesh have been rising for a month. Palm and soybean oil prices have gone up by Tk 10-15 per litre due to a price spike in the international market. Loose palm oil was being...

EBL wins ADB award

EBL wins ADB award

-- 2020-10-28 17:37:26

The Asian Development Bank (ADB) has awarded Eastern Bank Limited (EBL) the ‘2020 Leading SME Trade Bank’ for its contribution in supporting small and medium-sized enterprises (SMEs) in Ba...

MTB Foundation supports Centre for Disability in Development (CDD)   

MTB Foundation supports Centre for Disability in Development (CDD)  

-- 2020-10-28 17:28:37

MTB Foundation, in its effort to align its CSR initiatives with the Sustainable Development Goals (SDGs), recently extended support to Centre for Disability in Development (CDD) for their project titl...

Interoperability facility: Consumers association for strengthening service security, charge withdrawal 

Interoperability facility: Consumers association for strengthening service security, charge withdrawal 

FE ONLINE REPORT 2020-10-28 17:06:29

A consumers’ association has urged the authorities' concerned for strengthening service security of interoperability facilities among Mobile Financial Service (MFS) and demanded withdrawal of se...

Smart land development services from July next, minister says

Smart land development services from July next, minister says

-- 2020-10-28 16:48:56

The land development tax management system will be fully digitised from July 1 next year, Land Minister Saifuzzaman Chowdhury said Wednesday. He made the announcement after inaugurating the first pha...

JS panel recommends essentials' database to fight price spiraling

JS panel recommends essentials' database to fight price spiraling

FE Report 2020-10-28 09:55:49

The parliamentary watchdog on commerce ministry has recommended creating a comprehensive database of key essentials like potato and onion to prevent price spiral in the future. The database will have...

Apparel sector's loan repayment period may be extended

Apparel sector's loan repayment period may be extended

FE REPORT 2020-10-28 09:50:49

The commerce ministry has sought necessary steps from the finance ministry to extend the existing loan repayment tenure to six years with one-year grace period. The country's apparel owners took out...

Vistara to start flights to Bangladesh from Nov 5 under air bubble pact

Vistara to start flights to Bangladesh from Nov 5 under air bubble pact

-- 2020-10-27 19:09:39

Tata-SIA joint venture airline Vistara on Tuesday said it will launch flight services to Bangladesh from India, starting November 5, under the recently signed air bubble agreement between the two coun...

Spicejet announces eight new flights to Bangladesh

Spicejet announces eight new flights to Bangladesh

-- 2020-10-27 19:06:44

Spicejet has announced eight new flights between India and Bangladesh. The low-cost carrier will operate these flights under the air bubble arrangement between the two countries. SpiceJet will operat...

Bank Asia signs agreement with BIID for fostering business incubation for women entrepreneurs

Bank Asia signs agreement with BIID for fostering business incubation for women entrepreneurs

-- 2020-10-27 18:55:52

Bank Asia Limited and Bangladesh Institute for ICT Development (BIID) have signed an agreement aiming to foster entrepreneurship among women and rural youths through Business Incubation facility under...

Eastern Bank opens one-stop service centre for cardholders

Eastern Bank opens one-stop service centre for cardholders

-- 2020-10-27 18:00:28

Eastern Bank Limited (EBL) has launched a one-stop service centre for EBL cards called EBL SKYCARE at Banani Safura Tower on October 22, 2020. The centre is providing safe, fast, and hassle-free car...

IBBL signs MoU with CloudWell Limited on utility bill payment

IBBL signs MoU with CloudWell Limited on utility bill payment

-- 2020-10-27 17:53:20

Islami Bank Bangladesh Limited (IBBL) signed a Memorandum of Understanding (MoU) with CloudWell Limited on utility bill payment recently, said a press release. Md Omar Faruk Khan and Md Mosharraf Hos...

Hatchery fish farming gaining momentum in Rajshahi

Hatchery fish farming gaining momentum in Rajshahi

-- 2020-10-27 16:47:35

Saimur Rahaman, 45, has emerged himself as a prospective fish farming entrepreneur since his engagement in fish rearing and farming business for the last decade. Rahman, a resident of Seroil area in...

DCCI, BUP to jointly work for research for economic development

DCCI, BUP to jointly work for research for economic development

FE ONLINE REPORT 2020-10-27 16:41:29

Dhaka Chamber of Commerce & Industry (DCCI) signed a Memorandum of Understanding (MoU) with the Bangladesh University of Professionals (BUP) on Tuesday to work jointly for research. DCCI Presiden...