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The Financial Express

Search results for: trade

Inter-bank transaction volume dips to $123.21m

Inter-bank transaction volume dips to $123.21m

FE Online Desk 2018-03-10 12:14:14

The foreign exchange market witnessed a good volume of payments in the week ended Thursday last. Higher import payments than export receipts continued widening the current account deficit.  Ba...

UCB Foundation appoints Saifuzzaman MP as advisor

UCB Foundation appoints Saifuzzaman MP as advisor

FE Online Report 2018-03-10 12:09:46

The Executive Committee of UCB Foundation, a CSR organisation of United Commercial Bank Limited (UCB), has appointed State Minister for Land Saifuzzaman Chowdhury as adviser of the foundation. Saifuz...

French firm drafts design for ERL's second unit

French firm drafts design for ERL's second unit

M Azizur Rahman 2018-03-10 10:33:20

French firm Technip has submitted a draft final design of a crude oil refinery to be set up in the country with an annual capacity of 3.0 million tonnes. They submitted the draft to state-run Banglad...

Finance hurdles weigh on women entrepreneurs

Finance hurdles weigh on women entrepreneurs

FE Report 2018-03-10 10:22:05

Bangladesh has once again ranked at the bottom of a global survey of women entrepreneurs due mostly to the poor access to finance for female business owners. The country has been ranked 57th out of 5...

Local airlines in trouble with high jet fuel price

Local airlines in trouble with high jet fuel price

Kamrun Nahar 2018-03-10 09:56:27

Local airlines, including the state-owned Biman, are facing a severe blow and losing their competitiveness globally due to exorbitant price of jet A-1 fuel, fixed by Padma Oil Company Limited, a subsi...

Merkel urges US steel tariffs exemption for EU

Merkel urges US steel tariffs exemption for EU

-- 2018-03-09 21:51:22

German Chancellor Angela Merkel has called for the European Union to be exempted from new US tariffs on steel and aluminium imports. "The best option would be [for the EU] to be excluded," she told b...

Jute fair gets two-day extension

Jute fair gets two-day extension

-- 2018-03-09 13:53:22

The three-day jute fair titled ‘Diversified Jute Goods Fair 2018’ has been extended to till Saturday considering huge enthusiasm from the jute entrepreneurs and buyers in the jute produc...

Three major Asian countries bristle over US metal tariffs

Three major Asian countries bristle over US metal tariffs

-- 2018-03-09 13:32:39

Major Asian nations reacted sharply to US President Donald Trump’s decision to impose tariffs on steel and aluminium imports on Friday, warning of damage to relations amid industry calls for ret...

Shahjalal Bank hands over cheque to woman entrepreneur

Shahjalal Bank hands over cheque to woman entrepreneur

FE Online Desk 2018-03-09 12:09:55

Shahjalal Islami Bank Ltd handed over a cheque for Tk 5.0 million to Mrs. Golsen Ara, Proprietor of Afnan Enterprise. Mrs. Golsen Ara is an investment client of Shahjalal Islami Bank’s Keraniga...

Assam keen on airlink with Bangladesh

Assam keen on airlink with Bangladesh

-- 2018-03-09 11:51:16

Assam has shown keen interest in enhancing connectivity with Bangladesh especially in the air link. It hoped that both sides would be able to utilise their development potentials from this. The air...

Tofail seeks Hong Kong investment

Tofail seeks Hong Kong investment

-- 2018-03-09 11:21:13

Commerce Minister Tofail Ahmed on Thursday urged the entrepreneurs in Hong Kong to invest in Bangladesh, saying the country is an ideal place for investment. "If necessary, investors can take back th...

Asia-Pacific countries sign huge trade deal sans US

Asia-Pacific countries sign huge trade deal sans US

-- 2018-03-09 10:35:05

Eleven countries, including Japan and Canada, signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism a...

Trump sets metal tariffs; Mexico, Canada exempted

Trump sets metal tariffs; Mexico, Canada exempted

-- 2018-03-09 09:10:35

US President Donald Trump pressed ahead on Thursday with import tariffs of 25 per cent on steel and 10 per cent for aluminium but exempted Canada and Mexico and offered the possibility of excluding ot...

Infor promotes Helen Masters to lead Asia-Pacific

Infor promotes Helen Masters to lead Asia-Pacific

-- 2018-03-08 17:27:11

Infor, a leading provider of industry-specific cloud applications, announced on Thursday promotion of Helen Masters to the posts of senior vice president and general manager, Asia-Pacific, says a Medi...

Standard Bank conducts workshop on prevention of money laundering

Standard Bank conducts workshop on prevention of money laundering

-- 2018-03-08 15:41:33

Standard Bank Limited has organised a day-long workshop on 'Prevention of Money Laundering and Combating Financing of Terrorism' at its training institute recently.   Mamun-Ur-Rashid, Managing D...

Export earnings rise by 7.38 per cent in July-February

Export earnings rise by 7.38 per cent in July-February

FE Online Report 2018-03-08 15:14:07

Export earnings during the first eight months of this fiscal year grew by 7.38 per cent to $24.39 billion, official data shows. As per the Export Promotion Bureau (EPB) data, the country earned $22.7...

Walton brings ACs with unique features

Walton brings ACs with unique features

-- 2018-03-08 14:55:59

Electronics giant Walton has launched some unique featured air-conditioners (ACs) including ioniser, inverter, and smart ACs aiming to help people get rid of the sweltering summer heat. Engineer Md...

Women workers face discrimination

Women workers face discrimination

Monira Munni 2018-03-08 14:31:17

Though women workers are dominating the country's readymade garment sector, their scope to go up the ladder is very limited. Women workers generally do not get the equal chance for promotion in upper...

Emphasising on global goal of gender equality

Emphasising on global goal of gender equality

Farzana Chowdhury 2018-03-08 14:22:32

Sustainability Development Goals, also known as SDG are the glimpse of hope mostly for developing nations like ours. While the global disparity exists and many nations have moved forward, there are na...

International Chamber of Commerce worries about looming trade war

International Chamber of Commerce worries about looming trade war

FE Online Desk 2018-03-08 13:52:26

The International Chamber of Commerce is concerned about the looming trade war triggered by the US plans to put hefty tariffs on steel and aluminium. “There will be no winners from a trade war....

Three int'l flights miss departure schedules at HSIA

Three int'l flights miss departure schedules at HSIA

FE Online Report 2018-03-08 12:15:32

Three international flights have failed to meet their departure schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Thursday. BG 091 was scheduled to leave for Kolkata at 7: 00am...

Will retaliate in case of trade war with US: China

Will retaliate in case of trade war with US: China

-- 2018-03-08 12:00:56

China will make a necessary response in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides. US Preside...

Airbus likely to cut 3,700 jobs in Europe

Airbus likely to cut 3,700 jobs in Europe

-- 2018-03-08 11:15:48

European multinational corporation Airbus that designs, manufactures, and sells civil and military aeronautical products worldwide has said up to 3,700 jobs could go across its four "home" countries b...

Imports up 11.66pc in seven months

Imports up 11.66pc in seven months

Siddique Islam 2018-03-08 10:11:07

The country's overall imports grew by 11.66 per cent in the first seven months of the current fiscal year (FY), 2017-18, mainly due to higher import of food grains and fuel oils, officials said. Actu...

Huge export consignments miss shipment, vessels sail empty

Huge export consignments miss shipment, vessels sail empty

Pankaj Dastider 2018-03-08 09:57:37

Businesses rue their fate as some 1170 TEUs of containers, mostly with apparel and jute exports, missed scheduled shipment for a cargo-transport strike. A greater dimension of the external trade disr...

UK to leave EU's Digital Single Market after Brexit

UK to leave EU's Digital Single Market after Brexit

-- 2018-03-07 21:30:13

British Prime Theresa May has confirmed that the United Kingdom will leave the European Union’s Digital Single Market after completing the Brexit process. The move means the UK will not be able...

Coca-Cola plans to launch alcoholic drink in historic move

Coca-Cola plans to launch alcoholic drink in historic move

-- 2018-03-07 18:19:17

Coca-Cola is planning to produce an alcoholic drink for the first time in the company's 125-year history - with an alcopop-style product in Japan.  It is keen to cash in on the country's growing...

Muhith for BJMC closure, favours start of jute cell

Muhith for BJMC closure, favours start of jute cell

-- 2018-03-07 17:32:42

Finance Minister Abul Maal Abdul Muhith has said Bangladesh Jute Mills Corporation (BJMC) should be shut down and a jute cell should be opened in the ministry instead.  "In the present situation...

LFMEAB signs MoU with Vietnam leather assoc

LFMEAB signs MoU with Vietnam leather assoc

FE Online Desk 2018-03-07 14:09:50

Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB)  signed a Memorandum of Understanding & Cooperation Agreement with Vietnam Leather, Footwear and Han...

Pepsi Black now in Bangladesh

Pepsi Black now in Bangladesh

FE Online Desk 2018-03-07 13:42:45

Pepsi Black, a zero calorie carbonated beverage, has been introduced in Bangladeshi market keeping its maximum taste unchanged. Transcom Beverages Limited (TBL), the franchisee of PepsiCo in the co...