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The Financial Express

Search results for: trade

Nihad Kabir re-elected as MCCI President

Nihad Kabir re-elected as MCCI President

-- 2017-12-20 12:00:00

Barrister Nihad Kabir, Senior Partner, Syed Ishtiaq Ahmed & Associates, has been re-elected as the president of Metropolitan Chamber of Commerce and Industry (MCCI) for 2018. Members of the cham...

Gold prices little change; Dollar steady

Gold prices little change; Dollar steady

-- 2017-12-20 11:52:23

Gold prices were nearly unchanged early on Wednesday as the dollar held steady on expectations of a US tax overhaul. Spot gold was steady at $1,261.79 an ounce at 0051 GMT. US gold futures were lit...

Ctg to be ‘among world’s top 30 seaports’ by 2030

Ctg to be ‘among world’s top 30 seaports’ by 2030

-- 2017-12-20 11:39:57

The country's prime seaport Chittagong ought to be turned into one of top 30 seaports in the world, Finance Minister AMA Muhith said, setting a timeline up to 2030. "I believe this should be among th...

Postal Dept's income from money order service slumps

Postal Dept's income from money order service slumps

Rezaul Karim 2017-12-20 11:34:48

Government's resource mobilisation from money order, the once-popular public money transfer machinery which now turns into electronic money transfer service, dropped by more than 95 per cent in last s...

Oil price inches up

Oil price inches up

-- 2017-12-20 10:49:10

Oil prices edged up on Wednesday, supported by expectations of a fall in US crude inventories and by the ongoing outage of the North Sea Forties pipeline system. US West Texas Intermediate (WTI) cr...

Onion price remains high even in harvesting season

Onion price remains high even in harvesting season

Yasir Wardad 2017-12-20 10:33:04

Although the newly harvested onion has hit the market, the price of the spice still remained much higher, market observers said. Experts held market syndicates responsible for the higher price while...

Gold prices rise after US  Senate passes tax bill

Gold prices rise after US Senate passes tax bill

-- 2017-12-20 09:47:16

Gold prices rose for a fourth day on Wednesday as expectations that the US government will enact the country's biggest tax reforms in 30 years held the dollar steady, reports Reuters. Gold has risen m...

Bitcoin falls more than 10pc on Bitstamp

Bitcoin falls more than 10pc on Bitstamp

Reuters 2017-12-20 09:43:47

The price of bitcoin fell more than 10 per cent on Wednesday to as low as $15,800 at a cryptocurrency exchange Bitstamp. It has since pared some of the losses and is down about 7 per cent in early tr...

Cabinet body okays Biman’s proposal to procure Dash8 aircraft

Cabinet body okays Biman’s proposal to procure Dash8 aircraft

-- 2017-12-20 09:25:09

The Cabinet Committee on Economic Affairs has approved a proposal of Civil Aviation and Tourism Ministry to allow Biman Bangladesh Airlines to procure three aircraft from a Canadian firm.  The n...

Biman logs Tk 1.51b profit in FY17

Biman logs Tk 1.51b profit in FY17

-- 2017-12-20 07:31:56

Biman Bangladesh Airlines, the national flag carrier, made profits in the third consecutive fiscal as it registered a gross profit of Taka 1.51 billion in fiscal 2016-17. After clearing default tax,...

Amu to join Kolkata industrial trade fair

Amu to join Kolkata industrial trade fair

-- 2017-12-20 07:30:36

Industries Minister Amir Hossain Amu will inaugurate the 30th Industrial India Trade Fair (IITF) at Park Sarkars in Kolkata on Friday. The minister is scheduled to leave Dhaka on Thursday for Kolkata...

Uber a taxi company, not an app: EU court

Uber a taxi company, not an app: EU court

-- 2017-12-20 04:32:30

Uber is officially a transport company and not a digital service, the European Court of Justice (ECJ) has ruled. The ride-hailing firm argued it was an information society service - helping people to...

Subaru launches probe into mileage cheating

Subaru launches probe into mileage cheating

-- 2017-12-20 03:15:09

Subaru Corp on Wednesday said it was investigating whether its inspectors may have falsified data on vehicle mileage readings during final inspections conducted on cars sold in Japan. The Japanese au...

SystemEye comes with laptop exchange offers

SystemEye comes with laptop exchange offers

FE Online Desk 2017-12-20 02:33:53

SystemEye Technologies Limited has announced to give brand new laptop in exchange of any old laptop on the eve of new-year festival. The company introduced the offer, ‘Laptop Exchange’...

Call for proactive actions to ensure food safety

Call for proactive actions to ensure food safety

FE Online Desk 2017-12-19 12:21:33

A national workshop was held in Dhaka recently to evaluate the initiatives needed to promote greater awareness and action to ensure food safety in Bangladesh. The workshop entitled “Ensuring...

BMW electric car sales hit 0.10m target

BMW electric car sales hit 0.10m target

-- 2017-12-19 12:19:19

BMW said on Monday it had hit its target of selling 0.10 million (100,000) electric cars this year around the world, benefiting from strong demand in western Europe and the United States for models su...

Farmers Bank MD removed

Farmers Bank MD removed

FE Online Report 2017-12-19 12:00:00

The central bank of Bangladesh on Tuesday removed the Farmers Bank’s Managing Director (MD) and Chief Executive Officer (CEO) AKM Shameem on charge of his alleged liquidity crunch and loan dis...

UR robot launches in Bangladesh, eyes expansion

UR robot launches in Bangladesh, eyes expansion

-- 2017-12-19 12:00:00

Universal Robots, the leading manufacturers of advanced, light weight robotic arms, has launched in Bangladesh with a vision to expand operations across the country.  A Universal Robots-manufact...

13 state-owned textile mills to reopen under PPP

13 state-owned textile mills to reopen under PPP

-- 2017-12-19 05:01:56

The government has taken an initiative to reopen 13 state-owned textile mills under public private partnership (PPP).  The mills are currently owned by Bangladesh Textile Mills Corporation(BTMC)...

Apple hikes iPhone prices in India

Apple hikes iPhone prices in India

-- 2017-12-19 04:16:32

Apple Inc has increased the prices of most of its iPhone models sold in India after the government last week raised taxes on imported phones in a bid to boost domestic manufacturing. Barring its loca...

CB Insights ranks Appier among top 100 AI cos

CB Insights ranks Appier among top 100 AI cos

FE Online Desk 2017-12-19 01:45:04

Appier, a technology company, which aims to provide artificial intelligence (AI) platforms to help enterprises solve their most challenging business problems, has been included in the ranking of CB...

Insurance fair begins in Sylhet Friday

Insurance fair begins in Sylhet Friday

FE Online Desk 2017-12-19 01:14:14

   A two-day insurance fair will begin in Sylhet on Friday with a view to raising people's trust in insurers.   The Insurance Development & Regulatory Authority (IDRA) is organis...

REHAB Fair 2017 begins Thursday

REHAB Fair 2017 begins Thursday

FE Online Desk 2017-12-19 01:00:00

          A five-day long housing fair titled ‘REHAB Fair 2017’ begins at the Bangabandhu International Conference Centre in Dhaka on Thur...

CCC urges ministries to help realise tax arrears

CCC urges ministries to help realise tax arrears

Pankaj Dastider 2017-12-18 12:44:44

Municipal tax collection of Chittagong City Corporation (CCC) has been hit hard, as a large amount of its revenue has been lying unpaid with different government and semi-government offices in the por...

NBR struggles to implement tax return automation project

NBR struggles to implement tax return automation project

Doulot Akter Mala 2017-12-18 12:00:00

The field offices are facing difficulties to complete the process of digitising manually submitted income tax returns within the stipulated timeframe due to inadequate manpower and logistic supports....

Coal import from India resumes

Coal import from India resumes

Our correspondent 2017-12-18 12:00:00

Bangladesh has resumed importing coal from India after a court of the neighbouring country lifted a ban on the export, which had been suspended by another court order on environment grounds, temporari...

West Zone’s electricity bill payment becomes convenient

West Zone’s electricity bill payment becomes convenient

-- 2017-12-18 12:00:00

Robi has recently launched a service to pay electricity bill digitally for the West Zone Power Distribution Co. LTD (WZPDCL) in Barisal and Khulna Zone. The service has been launched aiming to make e...

Oil edges up despite 2018 ample supply outlook

Oil edges up despite 2018 ample supply outlook

Reuters 2017-12-18 11:39:57

Oil edged up on Monday, lifted by an ongoing North Sea pipeline outage and over signs that booming US crude output growth may be slowing, although the outlook for oil markets cites ample supplies desp...

ACC starts probe against errant Hajj agencies

ACC starts probe against errant Hajj agencies

-- 2017-12-18 10:34:19

The Anti-Corruption Commission (ACC) has recently started investigation into the reported mismanagement and irregularities by the errant Hajj agencies. Anisur Rahman, acting secretary of the Religiou...

Prime Bank gets new MD

Prime Bank gets new MD

FE Online Desk 2017-12-18 02:53:07

The Board of Directors of Prime Bank Limited has appointed Rahel Ahmed as new Managing Director & CEO of the bank, recently. Rahel Ahmed has been working as DMD and Chief Business Officer of the...