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The Financial Express

Search results for: trade

Rationalise high tariffs, eliminate ODCs on products, Nepal urges Bangladesh

Rationalise high tariffs, eliminate ODCs on products, Nepal urges Bangladesh

DOULOT AKTER MALA 2023-01-06 08:59:47

Nepal has proposed that Bangladesh rationalise high tariffs and eliminate other duties and charges (ODCs) levied on Nepalese export products to Bangladesh. The Embassy of Nepal in a recent letter to...

Banks can write off agriculture, SME loans worth up to Tk 0.5m

Banks can write off agriculture, SME loans worth up to Tk 0.5m

-- 2023-01-05 20:10:22

Banks can now write off agriculture and Small and Medium Enterprise (SME) loans worth up to Tk 500,000 without prosecuting the defaulters, the Bangladesh Bank has said. Previously, the lenders were e...

‘Investors’ financial literacy must to boost capital market’

‘Investors’ financial literacy must to boost capital market’

-- 2023-01-05 17:23:42

Commerce Minister Tipu Munshi Thursday said that both financial literacy and good business organisations are must to boost investment in the capital market. The stock market is a crucial sector for t...

Prime Bank Foundation to build 500-bed hospital

Prime Bank Foundation to build 500-bed hospital

FE REPORT 2023-01-05 11:59:12

Prime Bank Foundation, a non-profit initiative of Prime Bank Limited, is going to build a 500-bed state-of-the-art hospital at a cost of Tk 7.0 billion. To this effect, the foundation signed a Memo...

China's appetite for LNG set to rise in 2023

China's appetite for LNG set to rise in 2023

-- 2023-01-05 11:16:32

China's liquefied natural gas (LNG) demand is forecast to recover in 2023 as the country emerges from Covid-19 controls to become the bright spot in Asia's consumption for the super-chilled fuel, repo...

20 units to get 'President's Industrial Dev Award' today

20 units to get 'President's Industrial Dev Award' today

-- 2023-01-05 09:09:46

Twenty industrial units will receive 'President's Industrial Development Award-2020' today (Thursday) for their outstanding contribution to the national economy, reports BSS. In separate messages,...

Microsoft to invest in Gatik

Microsoft to invest in Gatik

-- 2023-01-05 09:08:07

Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told...

Commercial farming of Vannamei shrimp to start by Mar

Commercial farming of Vannamei shrimp to start by Mar

ARAFAT ARA 2023-01-05 08:45:36

Bangladesh is set to start commercial production of vannamei shrimp by March this year with a view to adding to the country's export basket. A technical committee, which was formed to examine the f...

Plastics export rises, industry eyes huge world market

Plastics export rises, industry eyes huge world market

FHM HUMAYAN KABIR 2023-01-05 08:40:53

Bangladeshi plastic products attain global attention with an export boom even during this global economic crisis, analysts say, and the industry has huge overseas market left to exploit. Plastic-wast...

Bangladesh seeks WTO's net food importer status

Bangladesh seeks WTO's net food importer status

REZAUL KARIM 2023-01-05 08:36:01

Bangladesh seeks WTO-recognised Net Food Importing Developing Country (NFIDC) status to continue providing agricultural export-credit subsidy even after its LDC graduation, as its current edible imp...

Traders seek special quota of foreign currency for import of essentials

Traders seek special quota of foreign currency for import of essentials

-- 2023-01-04 19:57:20

The traders have sought a special quota of foreign currency for the import of essential commodities to ensure regular supply ahead of Ramadan, citing difficulty in opening letters of credit (LCs) amid...

MFS brings utility bill payments to people's comfort zone

MFS brings utility bill payments to people's comfort zone

FE REPORT 2023-01-04 10:32:05

Since the pandemic outbreak, utility bill payments using MFS accounts have been going up at a faster pace, with more and more people preferring this convenient digital means that does not require any...

Taskforce meet today to review commodity price situation

Taskforce meet today to review commodity price situation

FE REPORT 2023-01-04 10:18:06

The government is set to hold the fifth meeting of the taskforce, which was formed to review commodity prices and market manners and do whatever deemed fit to keep the supplies within commoners' buyin...

Seven int'l firms vying for LNG consultancy

Seven int'l firms vying for LNG consultancy

M AZIZUR RAHMAN 2023-01-04 10:13:56

Seven international firms are vying for the job of advising Bangladesh on the technical, commercial and financial issues of liquefied natural gas (LNG) purchases, terminal development and other releva...

Honey output to rise 20-25pc to 11,500 tonnes

Honey output to rise 20-25pc to 11,500 tonnes

Yasir Wardad 2023-01-04 08:53:56

Honey output is going to rise substantially this winter following persisting suitable weather as well as a notable surge in oilseed and spice- cultivation acreage, said insiders. Honey cultivators an...

MRT-05 South: Hunt on for funders

MRT-05 South: Hunt on for funders

MUNIMA SULTANA 2023-01-04 08:52:20

The Dhaka metro authorities seek investors for its fourth metro-rail project as the Asian Development Bank (ADB) is unlikely to invest in the entire part of Mass Rapid Transit Line-05 South (MRT-05 So...

BTRC lifts ban on Grameenphone's SIM sales

BTRC lifts ban on Grameenphone's SIM sales

-- 2023-01-03 18:56:37

The Bangladesh Telecommunication Regulatory Commission has lifted a ban on Grameenphone's SIM sales after six months, clearing the way for the largest telecom carrier to acquire new customers. Gramee...

Deadline for VAT exemption on edible oil import extended till April 30

Deadline for VAT exemption on edible oil import extended till April 30

-- 2023-01-03 18:45:01

The government has extended the deadline for VAT exemption on the import of soybean oil and palm oil extended by four months till April 30, 2023, in order to keep stable the price of such edible oil....

MFS takes utility bill payments to people’s comfort

MFS takes utility bill payments to people’s comfort

FE ONLINE REPORT 2023-01-03 17:03:00

Since the pandemic outbreak, utility bill payments using MFS accounts have been going up at a faster pace, with more and more people preferring this convenient means because it does not require any vi...

Tesla makes China boss highest-profile executive after Musk

Tesla makes China boss highest-profile executive after Musk

REUTERS 2023-01-03 12:17:31

Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s US assembly plants as well as sales operations in North America and Europe, according to an...

S Korea takes record Bangladeshi manpower in 2022

S Korea takes record Bangladeshi manpower in 2022

FE ONLINE DESK 2023-01-03 10:01:41

A record number of 5,891 Bangladeshi “low and medium” skilled workers were taken by South Korea in 2022 through its Employment Permit System (EPS) program, BSS reports....

Diversify insurance products, say experts

Diversify insurance products, say experts

FE REPORT 2023-01-03 09:08:02

There is a need for diversification of insurance products in the country, in order to attract more people to come under insurance coverage and thus contribute more to the national economy, said speake...

Fervent Multiboard to invest $93m in Jamalpur Economic Zone

Fervent Multiboard to invest $93m in Jamalpur Economic Zone

FE REPORT 2023-01-03 09:04:32

Fervent Multiboard Industries Limited will invest 93 million dollars in Jamalpur Economic Zone (JEZ). The main investment areas of the company are wood & jutex particle board, melamine faced ch...

Sound export saves situation amid import surge

Sound export saves situation amid import surge

FE REPORT 2023-01-03 08:51:44

Bangladesh's export earnings marked 10.58-percent rise year on year in the first half of the current fiscal, saving a delirious situation of expensive import amid global price spiral. According to of...

Zanendra Nath Sarker made Petrobangla chairman

Zanendra Nath Sarker made Petrobangla chairman

-- 2023-01-02 19:25:54

Zanendra Nath Sarker, an additional secretary at the Ministry of Industries, was appointed as chairman of Petrobangla, the state-owned oil, gas and minerals corporation. Zanendra, an admin cadre serv...

Walton’s exclusive showroom opened in Narayanganj

Walton’s exclusive showroom opened in Narayanganj

FE ONLINE DESK 2023-01-02 18:24:36

An exclusive distributor showroom of Walton, named ‘Purbachal Shitalaksha Electronics’, was opened recently at Rupganj upazila in Narayanganj. According to a press release, all kinds of W...

BERC slashes LPG price by 5.0pc for January

BERC slashes LPG price by 5.0pc for January

FE ONLINE REPORT 2023-01-02 15:32:11

Bangladesh Energy Regulatory Commission (BERC) has slashed the retail prices of liquefied petroleum gas (LPG) by 5.0 per cent for January trading as the prices of its ingredients in the international...

Toyota's Indian unit warns of a possible customer data breach

Toyota's Indian unit warns of a possible customer data breach

-- 2023-01-02 12:25:44

A data breach at Toyota Motor's Indian business might have exposed some customers' personal information, it said on Sunday. Toyota India said it has notified the relevant Indian authorities of t...

DCCI pushes to ensure smooth energy supply, improve ease of doing business in 2023

DCCI pushes to ensure smooth energy supply, improve ease of doing business in 2023

FE REPORT 2023-01-02 08:54:27

Dhaka Chamber of Commerce and Industry (DCCI) called on the government to provide uninterrupted supply of energy to the local and export-oriented manufacturing industries and improve ease of doing bus...

Challenge lies in ability to diversify exports in 2023: FICCI chief

Challenge lies in ability to diversify exports in 2023: FICCI chief

FE REPORT 2023-01-02 08:51:20

Bangladesh's ability to diversify its export products and markets to follow the international buyers' sourcing diversification strategy is going to play a significant role in the country's economic ou...