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The Financial Express

Search results for: trade

'Reduce dependency on energy imports'

'Reduce dependency on energy imports'

FE REPORT 2020-08-10 09:47:43

Speakers at a webinar on Sunday suggested the government cut the growing dependency on imports of different sorts of energy to ensure the country's energy security in future. They said the country is...

BD-Nepal rail transit: Govt set to approve new entry-exit point today

BD-Nepal rail transit: Govt set to approve new entry-exit point today

SYFUL ISLAM 2020-08-10 09:25:15

The government is set to approve today (Monday) a new entry and exit point for Bangladesh and Nepal's goods transit through railways, officials have said. Under the new arrangement, Rohanpur railway...

BB relaxes loan restructuring policy for NBFIs

BB relaxes loan restructuring policy for NBFIs

SIDDIQUE ISLAM 2020-08-10 09:20:50

The central bank has relaxed its loan restructuring policy for non-banking financial institutions (NBFIs) to help the businesses overcome the adverse impact of the Covid-19 pandemic. Under the relaxa...

‘Ambassadors should contribute to expansion of trade’

‘Ambassadors should contribute to expansion of trade’

-- 2020-08-09 18:22:39

Commerce Minister Tipu Munshi has asked Bangladesh embassies of different countries to work to take advantage of post-Covid-19 export trade. “For this, the ambassadors posted in different count...

Soaring gold prices further erode lustre in pandemic-hit retail hubs

Soaring gold prices further erode lustre in pandemic-hit retail hubs

REUTERS 2020-08-09 14:12:41

Physical gold remained out of favour in most Asian hubs this week as a worsening pandemic kept retail buyers away with global benchmark spot prices at historic highs, while logistical challenges plagu...

Twitter expressed interest in buying TikTok's US operations

Twitter expressed interest in buying TikTok's US operations

REUTERS 2020-08-09 10:16:58

Twitter Inc has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app, two people familiar with the matter told Reuters, as expe...

Govt's 'lethargic' approach doubles consultancy cost

Govt's 'lethargic' approach doubles consultancy cost

M AZIZUR RAHMAN 2020-08-09 09:43:12

The 'lethargic' approach by the government in building the country's second crude oil refinery has more than doubled the consultancy cost to around Tk 2.56 billion, it has been alleged. The governmen...

'Substandard' surgical masks: Canadian buyer seeks money refund

'Substandard' surgical masks: Canadian buyer seeks money refund

MONIRA MUNNI 2020-08-09 09:26:19

A Canadian buyer has asked a Bangladeshi supplier to refund the money it has paid against a work order for surgical masks, officials said. The buyer has alleged that the local buying house Moontaha S...

Nokia's new CEO working on setting strategy in 'dream job'

Nokia's new CEO working on setting strategy in 'dream job'

-- 2020-08-08 18:19:19

Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward setting a strategy, as the company jostles fo...

Distressed women receive PM’s gift through ‘Nagad’ marking Bangamata's birth anniversary

Distressed women receive PM’s gift through ‘Nagad’ marking Bangamata's birth anniversary

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

Some 1,300 distressed women across the country on Saturday received gifts from the government as part of the celebration of 90th birth anniversary of Bangamata Sheikh Fazilatunnesa Mujib. Prime Minist...

Seven more banks add bKash Money Transfer Service

Seven more banks add bKash Money Transfer Service

FE ONLINE DESK 2020-08-08 15:51:28

The opportunity of instant money transfer service from banks’ app and internet banking to bKash account has been increased with the addition of seven new banks. The facility of transferring mon...

Emirates expanding its network to 70 destinations

Emirates expanding its network to 70 destinations

FE Online Desk 2020-08-08 15:46:11

Emirates has resumed passenger services to Kuwait City  on 5 August and to resume to Lisbon on 16 taking airline’s  passenger network to 70 destinations in August, over 50 per cent of...

Pandemic pushes BD small businesses to the brink

Pandemic pushes BD small businesses to the brink

-- 2020-08-08 15:42:25

Sarwar Hossain, a barber at Evergreen Gents Parlour and Salon in Dhaka’s Shewrapara, used to bag around Tk 1,200-1,500 a day before the onset of the coronavirus pandemic. But now he is strugglin...

UNCTAD’s Barbados meet next year to outline post-Covid recovery

UNCTAD’s Barbados meet next year to outline post-Covid recovery

FE ONLINE REPORT 2020-08-08 12:42:14

The 15th quadrennial ministerial conference of the United Nations Conference on Trade and Development (UNCTAD15) will be held in Bridgetown of Barbados in April next year, according to a statement of...

BD looks to cut future coal use as costs rise

BD looks to cut future coal use as costs rise

THOMSON REUTERS FOUNDATION 2020-08-08 11:44:16

Bangladesh plans to review the number of coal-based power plants it hopes to build, with an eye to reducing its dependence on coal as costs for the fuel rise and power demand grows more slowly than...

High veg prices vexing commoners

High veg prices vexing commoners

FE REPORT 2020-08-08 10:56:45

Vegetables prices remained high last week increasing sufferings of the consumers, especially the commoners, who had already been hit hard by series of price hikes of other essential food items last mo...

BB clarifies policy on refinance facility

BB clarifies policy on refinance facility

FE REPORT 2020-08-08 10:54:26

The central bank has clarified its policy to ease the process of receiving refinance facility by the banks and non-banking financial institutions (NBFIs) under the large industries and services sector...

BUILD hails BB step: Easing financing support for CMS enterprises

BUILD hails BB step: Easing financing support for CMS enterprises

FE DESK REPORT 2020-08-08 10:51:54

Business Initiative Leading Development (BUILD) has welcomed the Bangladesh Bank initiative for introducing a Credit Guarantee Scheme (CGS) for the first time aiming to ease financing support for cott...

Covid-19 aid packages: BKB, RAKUB to disburse Tk 18b

Covid-19 aid packages: BKB, RAKUB to disburse Tk 18b

SYFUL ISLAM 2020-08-08 10:20:57

Two top specialised banks, which mainly deal with the agricultural sector, will distribute over Tk 18 billion under the government announced Covid-19 aid packages, sources said. According to official...

BD’s import of textiles from global market declines

BD’s import of textiles from global market declines

FE Online Report 2020-08-08 09:53:25

Import of textiles from the global market by Bangladesh declined by around 6.80 per cent in the last year, according to the latest statistics of the World Trade Organization (WTO). It showed that Ban...

Ship arrivals at Ctg port go up in July

Ship arrivals at Ctg port go up in July

JASIM UDDIN HAROON 2020-08-08 09:20:30

The ocean-going ships' call at the Chattogram port recorded a notable rise in July last, indicating a pickup in the country's economic activities. The economy had slowed down to a large degree follow...

Number of Bangladesh internet users crosses 103 million

Number of Bangladesh internet users crosses 103 million

FE ONLINE REPORT 2020-08-07 13:52:37

The total number of internet subscribers in the country stood at 103.476 million as of June 2020, the statistics of the telecom regulator showed. Of the total subscribers, according to Bangladesh Tel...

Secondary trading of treasury bills, bonds increases three times in FY20

Secondary trading of treasury bills, bonds increases three times in FY20

FE ONLINE REPORT 2020-08-07 13:03:46

Secondary trading of the marketable fixed-income government securities jumped by around three times in the last fiscal year (FY20). Statistics available with the Bangladesh Bank showed that the value...

Oil prices slip on uncertainty over US recovery, stimulus

Oil prices slip on uncertainty over US recovery, stimulus

REUTERS 2020-08-07 10:50:24

Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United Stat...

Trump imposes US ban on WeChat, TikTok in 45 days

Trump imposes US ban on WeChat, TikTok in 45 days

REUTERS 2020-08-07 09:44:25

US President Donald Trump announced Thursday sweeping bans on US transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent, operator of the WeChat app, starting in 45 d...

Covid spells leather woes

Covid spells leather woes

JUBAIR HASAN and YASIR WARDAD 2020-08-07 09:28:07

The Covid-19 pandemic has worsened the woes of the country's leather industry, insiders say. They said the sector has already been reeling from the falling demand for products in the global market an...

Global tech giants out of VAT net

Global tech giants out of VAT net

DOULOT AKTER MALA 2020-08-07 09:24:57

The National Board of Revenue (NBR) has yet to ensure proper VAT collection in the last one year from global technology companies such as Google, Facebook, and YouTube. Complexities over registering...

Vivo ranks 4th in global 5G smartphone mkt

Vivo ranks 4th in global 5G smartphone mkt

FE Online Desk 2020-08-07 00:31:57

Vivo, the Chinese multinational technology company ranks 4th in global 5G market. Since the beginning of this year, VIVO has been running along with Samsung in smartphone production, sales and ma...

138,193 motorcycles registered in June

138,193 motorcycles registered in June

FE Online Report 2020-08-06 11:34:02

A total of 138,193 motorcycles were registered across the country in June 2020, as per official data. Of the motorcycles, 30,448 were registered in Dhaka during the period, according to Bangladesh Ro...

Maritime routes: Body formed to police errant bulkheads

Maritime routes: Body formed to police errant bulkheads

OUR CORRESPONDERNT 2020-08-06 10:06:03

CHATTOGRAM: Several organisations are out to check irregularities on inland maritime routes and goods carriage by bulkheads and serial-less lighterage ships from mother vessels at outer anchorage of C...