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The Financial Express

Search results for: trade

Mitsubishi Hitachi Power Systems changes name to Mitsubishi Power

Mitsubishi Hitachi Power Systems changes name to Mitsubishi Power

FE Online Report 2020-09-01 20:42:33

Mitsubishi Hitachi Power Systems, a major subsidiary of the Mitsubishi Heavy Industries (MHI) Group, officially changed its corporate name to Mitsubishi Power from Tuesday. The rebrand marks the...

BIDA to include 16 more facilities into OSS portal

BIDA to include 16 more facilities into OSS portal

FE ONLINE REPORT 2020-09-01 18:12:56

The Bangladesh Investment Development Authority (BIDA) is set to include 16 more facilities into its One Stop Service (OSS) portal to provide online services to domestic and foreign investors. Bida i...

Power companies hindering move to green energy: Study

Power companies hindering move to green energy: Study

-- 2020-09-01 16:57:47

New research suggests that power companies are dragging their feet when it comes to embracing green energy sources such as wind and solar. Only one out of 10 energy suppliers globally has prioritised...

Binge offers discount of Tk 1,000 on its device

Binge offers discount of Tk 1,000 on its device

FE Online Desk 2020-09-01 16:42:12

The country's largest digital entertainment platform, 'Binge' has cut down the price of its Android smart devices by providing a staggering discount of 1,000 taka. As a result customers can now buy...

SIBL launches Call Center

SIBL launches Call Center

FE Online Desk 2020-09-01 16:30:20

Social Islami Bank Ltd. launched Call Center to provide banking services to the clients 24/7. Clients can now easily obtain any information by dialing 16491 for home through any local mobile operato...

GIM Digital Truck signs MoU with Royal Cement

GIM Digital Truck signs MoU with Royal Cement

FE Online Desk 2020-09-01 16:21:45

 To avail the enterprise service of GIM Digital Truck, an online platform for hiring trucks, country’s prominent marketeer Royal Cement Limited signed a Memorandum of Understanding (MoU) wi...

Shrimp industry suffering for both rain and drought

Shrimp industry suffering for both rain and drought

-- 2020-09-01 15:08:09

Shrimp farmers in Bagerhat have been left reeling by the storm surge, and aftermath and excessive drought while the price of shrimp continues to fall due to the outbreak of the Covid-19 epidemic. At...

Emirates, flydubai partnership offers seamless travel to over 100 destinations

Emirates, flydubai partnership offers seamless travel to over 100 destinations

FE Online Desk 2020-09-01 12:55:24

Following the progressive resumption of passenger flights to global destinations, the two Dubai-based airlines Emirates and flydubai have revived their successful and strategic partnership to offer cu...

Zoom revenues shoot up, thanks to remote working

Zoom revenues shoot up, thanks to remote working

-- 2020-09-01 12:16:49

Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Revenues leaped 355 per cent to $663.5 million for the th...

Asia's factories shaking off Covid gloom, China shines

Asia's factories shaking off Covid gloom, China shines

REUTERS 2020-09-01 10:50:49

Asian factories continued to shake off the coronavirus-induced gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to ta...

Bangladesh to produce own brand of motor vehicles

Bangladesh to produce own brand of motor vehicles

FE REPORT 2020-09-01 10:41:23

Bangladesh has taken an initiative to manufacture its own brand of motor vehicles, industries minister Nurul Majid Mahmud Humayun said on Monday. The state-owned Pragoti Industries Limited will produ...

Bank Asia to establish neobank

Bank Asia to establish neobank

FE DESK 2020-09-01 10:29:49

Bank Asia is set to form a neobank, a completely new concept for Bangladesh, within December, in a move that can change the face of banking in the country broadening the financial inclusion. Accordin...

BR to buy 125 luggage vans

BR to buy 125 luggage vans

FE REPORT 2020-09-01 09:53:13

The Bangladesh Railway (BR) will buy 125 luggage vans almost 40 years after its last purchase of the same to improve goods transportation in line with the country's economic growth. A contract to buy...

E-payment of import duty to be made mandatory

E-payment of import duty to be made mandatory

FE REPORT 2020-09-01 09:28:36

The Customs authority is set to make e-payment of duties and taxes mandatory for import of capital machinery and raw materials. The customs wing under the National Board of Revenue (NBR) has planned...

VAT payment through mobile banking begins next month

VAT payment through mobile banking begins next month

-- 2020-08-31 21:54:28

The National Board of Revenue (NBR) is going to introduce mobile banking services from the next month to make the VAT payment system more smooth and popular. Once it is introduced, any business firm...

Warren Buffett buys 5.0pc stake in five large Japanese firms

Warren Buffett buys 5.0pc stake in five large Japanese firms

REUTERS 2020-08-31 11:33:03

Berkshire Hathaway Inc said it has acquired slightly more than 5.0 per cent of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the Unit...

Saudi oil giant Aramco discovers two new oil and gas fields

Saudi oil giant Aramco discovers two new oil and gas fields

-- 2020-08-30 22:09:18

Saudi oil giant Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday. The kingdom’s Energy Minister Prince Abdulaziz bin...

People begin to crowd tourism hotspots

People begin to crowd tourism hotspots

-- 2020-08-30 17:59:16

People have started thronging the tourism hotspots in Cox’s Bazar, Sylhet and other districts after staying indoors for more than five months due to coronavirus pandemic. The government reopene...

SUV registration witnesses drastic fall in Jan-June

SUV registration witnesses drastic fall in Jan-June

FE Online Report 2020-08-30 13:40:50

Registration of sport-utility vehicles (SUV) in the hard/soft category witnessed a drastic fall in January to June of 2020 compared to the same period of the last year, according to official reports....

Second unit of Payra power plant: Destined to go into operation from Nov

Second unit of Payra power plant: Destined to go into operation from Nov

M AZIZUR RAHMAN 2020-08-30 10:55:57

The second and the final unit of the country's largest coal-fired power plant at Payra in southern Bangladesh is expected to initiate commercial operation from November next, around one year after the...

Flood, Covid deal double blow to veg, fruit export

Flood, Covid deal double blow to veg, fruit export

YASIR WARDAD 2020-08-30 10:33:51

The ongoing flood and Covid-19 pandemic have caused a double blow to the exports of vegetable, fruits and other perishable items. High freight charges of air cargo during the pandemic as well as sky-...

NBR’s VAT online project hiccups

NBR’s VAT online project hiccups

DOULOT AKTER MALA 2020-08-30 09:43:15

Most of the large companies that contribute higher revenues are still submitting VAT returns manually -- more than a year after the new law came into force. Less than 50 per cent big companies have s...

Defying trade tensions, Chinese buyers snap up Indian steel

Defying trade tensions, Chinese buyers snap up Indian steel

-- 2020-08-29 17:40:40

India’s steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and...

Boeing finds flaws in fuselage of some Dreamliners

Boeing finds flaws in fuselage of some Dreamliners

-- 2020-08-29 17:34:28

The Boeing Company has said that some airlines operating its 787 Dreamliners have removed eight jets from service after the plane-maker identified two distinct manufacturing issues in the fuselage sec...

Silk industry incurs Tk 3.0b loss for pandemic

Silk industry incurs Tk 3.0b loss for pandemic

-- 2020-08-29 16:50:58

The silk industry of the country has incurred loss worth Tk 3.00 billion due to the impact of prolonged novel coronavirus situation. Liakat Ali, President of Bangladesh Silk Industries Owners Associa...

Emirates to resume daily flights to Bangkok

Emirates to resume daily flights to Bangkok

FE Online Desk 2020-08-29 15:47:53

Emirates has announced the resumption of passenger services to Bangkok with daily flights starting from September 1. The resumption of flights to Bangkok will expand Emirates’ current network t...

US banks eye layoffs as long-term costs emerge

US banks eye layoffs as long-term costs emerge

REUTERS 2020-08-29 13:32:52

At the height of the coronavirus pandemic last spring, the heads of US banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thin...

Move to build world trade centre in Dhaka

Move to build world trade centre in Dhaka

REZAUL KARIM 2020-08-29 10:54:47

The government has initiated a move to set up a world trade centre (WTC) in Dhaka city with a view to making trade and business easier, officials said. The WTC will be the first of its kind in the...

Govt considering extention of Boro paddy, rice procurement deadline

Govt considering extention of Boro paddy, rice procurement deadline

TALHA BIN HABIB 2020-08-29 10:51:04

The government is seriously considering to extend the deadline for Boro paddy and rice procurement drive following the requests made by the millers, an official said. Earlier, the government set the...

Skilled manpower export: Govt reaching out to Japan

Skilled manpower export: Govt reaching out to Japan

ARAFAT ARA 2020-08-29 10:22:47

The Ministry of Expatriates' Welfare and Overseas Employment (MoEWOE) has started correspondence with the Japanese authorities concerned to send skilled workers to the country, officials said. As par...