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The Financial Express

Search results for: trade

Irregularities spotted in sugar refineries

Irregularities spotted in sugar refineries

FE REPORT 2022-10-25 12:28:03

The Directorate General of National Consumer Rights Protection (DNCRP) found several irregularities in marketing sugar and held the traders concerned responsible for the ongoing volatility in its pric...

Dhaka-Sylhet highway expansion likely from December

Dhaka-Sylhet highway expansion likely from December

MUNIMA SULTANA 2022-10-25 10:19:23

Dhaka-Sylhet highway-widening work is likely to be another pain for commuters as the authorities concerned are going to start the first 35-kilometre work before exhausting peripheral activities. To t...

Govt cuts markup on sugar, edible oil trade

Govt cuts markup on sugar, edible oil trade

REZAUL KARIM 2022-10-25 08:55:33

The government has slashed the allowable profit margins at the production, wholesale (distributor) and retail levels of edible oil and sugar apparently to give some relief to the consumers battered by...

China may now confirm $461m for two development projects

China may now confirm $461m for two development projects

FHM HUMAYAN KABIR 2022-10-25 08:13:47

China may confirm US$461 million worth of loans for bankrolling two more projects in Bangladesh after a long wait for development assistance from a package deal, officials say. Beijing may confir...

Apparel export caught on negative growth track

Apparel export caught on negative growth track

MONIRA MUNNI 2022-10-25 08:08:06

Bangladesh's apparel export continues on a downturn after September's 7.52-percent negative growth as exporters say high inflation dampens global demand, particularly in the western hubs. They al...

BEZA postpones inauguration of 50 industrial units, projects, facilities

BEZA postpones inauguration of 50 industrial units, projects, facilities

FE ONLINE REPORT 2022-10-24 19:22:26

A major event, which was scheduled on Wednesday to inaugurate 50 industrial units, projects and facilities in the economic zones (EZ) across the country, was postponed due to adverse weather. Banglad...

TCB starts selling sugar at Tk 55 per kg at 11 places in Dhaka

TCB starts selling sugar at Tk 55 per kg at 11 places in Dhaka

-- 2022-10-24 18:17:28

The state-run Trading Corporation of Bangladesh (TCB) has started selling sugar at a subsidised rate at some 11 important and crowded places in the capital. People were seen in long queues on Monday...

GoZayaan: The ultimate travel-tech platform 

GoZayaan: The ultimate travel-tech platform 

TANJIM ISTIAQUE CHOWDHURY 2022-10-24 16:49:08

Imagine you are in Cox's Bazar on a rare three-day weekend to get refreshed as much as possible after a long time. But the sky comes crashing down when you discover Cox's Bazar city bustling with hund...

HSBC, DHL sign deal to support local Bangladeshi students

HSBC, DHL sign deal to support local Bangladeshi students

FE ONLINE DESK 2022-10-24 15:09:02

HSBC and DHL recently signed a Memorandum of Understanding (MoU), offering various benefits for students who wish to study abroad. Tanmi Haque, Country Head of Wealth & Personal Banking, HSBC Ban...

Tesla slashes China prices by up to 9pc

Tesla slashes China prices by up to 9pc

-- 2022-10-24 14:12:45

Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9 per cent in China, reversing a trend of increases across the industry amid signs of softening demand in the world's l...

'Break monopoly, oligopoly to manage errant market'

'Break monopoly, oligopoly to manage errant market'

FE REPORT 2022-10-24 10:35:04

Stakeholders stressed breaking business monopoly and oligopoly, strengthening market structure, and amending laws to ensure price-competitiveness to protect people from unaffordable prices. As such v...

'Recruiting local CMAs can save forex'

'Recruiting local CMAs can save forex'

FE REPORT 2022-10-24 10:28:30

Speakers at a programme on Saturday evening urged different organisations to employ local cost and management accountants (CMAs) instead of hiring from abroad in a bid to save foreign currencies. Rec...

Bangladesh to be able to run Rooppur NPP alone, Rosatom DG says

Bangladesh to be able to run Rooppur NPP alone, Rosatom DG says

FE REPORT 2022-10-24 10:20:08

Russian Rosatom's Director General (DG) Alexy Likhachev hopes that Bangladesh will be able to run the Rooppur Nuclear Power Plant (NPP) independently after getting its operation rights on completion o...

TCB to purchase 11m litres of soybean oil from local source

TCB to purchase 11m litres of soybean oil from local source

FE REPORT 2022-10-24 10:16:02

The commerce ministry has asked the Trading Corporation of Bangladesh (TCB) to purchase 11 million litres of soybean oil from local source. Earlier, on Wednesday, the Cabinet Committee on Governmen...

RHD to sign deals with China-BD JV cos today

RHD to sign deals with China-BD JV cos today

MUNIMA SULTANA 2022-10-24 09:52:26

The long-awaited Dhaka-Sylhet Highway four-lane project work is likely to start -- nearly seven years after its feasibility study -- with selection of two China-Bangladesh joint-venture (JV) companies...

Sugar supply to improve within days

Sugar supply to improve within days

FE REPORT 2022-10-24 08:52:57

As sugar has become both scarce and expensive in local market in recent days, the central bank and the consumer rights protection agency on Sunday assured the citizens of adequate availability of the...

Refiners seek duty cut on raw sugar imports

Refiners seek duty cut on raw sugar imports

REZAUL KARIM 2022-10-24 08:43:32

Refiners have demanded of the government to withdraw all duties on import of raw sugar due to skyrocketed prices of sugar in the local market. They also requested ensuring uninterrupted supply of gas...

Worst crisis in a decade

Worst crisis in a decade

M AZIZUR RAHMAN 2022-10-24 08:33:26

Bangladesh is witnessing the worst-ever power load-shedding in a decade, as generation up to the level required could not be brought online since the blackout on October 4 last. Until Sunday, the pow...

Govt unable to import spot gas for forex constraint

Govt unable to import spot gas for forex constraint

FE REPORT 2022-10-24 08:28:08

The government cannot afford now to import spot-market gas for forex constraint, the prime minister's energy adviser said on Sunday responding to demand from businesses He also urged examining the po...

Grameen Telecom gets legal notice from former employees over 'due benefits'

Grameen Telecom gets legal notice from former employees over 'due benefits'

-- 2022-10-23 20:42:36

A legal notice has been sent to the authorities of Grameen Telecom demanding to pay proportionate benefits to 47 former employees from the workers’ profit participation fund as per the Labour La...

PMO orders strict monitoring of market

PMO orders strict monitoring of market

-- 2022-10-23 19:13:38

Prime Minister's Office (PMO) on Sunday issued a set of directives to the authorities to carry out constant monitoring of the markets to keep normal the prices, stocks and supplies of essential commod...

Evaly to resume operation  with ‘Dhonnobad Utshob’  on Oct 28

Evaly to resume operation with ‘Dhonnobad Utshob’ on Oct 28

-- 2022-10-23 18:05:58

Evaly is set to resume operation with a ‘Dhonnobad Utshob’ (‘Thank You Festival’) to express gratitude to millions of customers and merchants across Bangladesh. The platform w...

100,000 tonnes of sugar to be imported soon, says central bank

100,000 tonnes of sugar to be imported soon, says central bank

FE ONLINE DESK 2022-10-23 16:51:46

Bangladesh is going to import additional 100,000 tonnes of sugar soon amid reports of a supply crunch of the essential commodity in the local market. The Department of Communications and Publications...

Saudi crown prince not attending Arab summit on doctors' advice, Algerian presidency says

Saudi crown prince not attending Arab summit on doctors' advice, Algerian presidency says

FE ONLINE DESK 2022-10-23 11:59:39

Saudi Crown Prince Mohammed bin Salman will not attend the Arab summit to be held on Nov 1 in Algeria, in compliance with a doctors' recommendation to avoid travel, the Algerian presidency said...

Underground MRT: Contract signing in Dhaka today

Underground MRT: Contract signing in Dhaka today

MUNIMA SULTANA 2022-10-23 10:14:33

A joint venture of eight companies is set to work as the construction supervision consultant for the country's first underground metro rail project, which is expected to start soon. Sources said...

Sugar market still freak

Sugar market still freak

YASIR WARDAD 2022-10-23 10:13:46

Sugar market remained volatile for consecutive three days as of Saturday despite random drives by government agencies across the country. The essential was sold at Tk 100-120 in different city areas...

Regulator to cancel registration of 35 MFIs

Regulator to cancel registration of 35 MFIs

ISMAIL HOSSAIN 2022-10-23 09:26:46

The country's microcredit regulator has made a move to cancel the registration of 35 micro finance institutions (MFIs) for failing to submit audited reports to the regulator. They didn't file manda...

Bangabandhu Shilpa Nagar out to attract companies

Bangabandhu Shilpa Nagar out to attract companies

SAIF UDDIN 2022-10-23 09:19:03

Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the country's flagship economic zone, continues to court local and foreign companies as it is set to offer all required amenities. According to official...

Consumption squeeze stymies manufacturing growth

Consumption squeeze stymies manufacturing growth

JASIM UDDIN HAROON 2022-10-23 08:36:34

The price spiral weighs on the economy as domestic consumption squeeze stymies manufacturing growth in Bangladesh, as is manifest in official data at the outset of this fiscal. The country's major in...

Textile millers ready to pay even higher tariff for gas

Textile millers ready to pay even higher tariff for gas

FE ONLINE REPORT 2022-10-23 08:21:14

Leaders of the country's textile millers have demanded an uninterrupted supply of gas even at an enhanced tariff, if necessary, as the factories were suffering from a severe shortage of fuel and the s...