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The Financial Express

Search results for: trade

Emirates expands cargo connectivity to 100 destinations

Emirates expands cargo connectivity to 100 destinations

FE Online Desk 2020-07-06 15:41:17

Emirates SkyCargo, freight division of Emirates airline will be operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020. Some of the new cities added...

Moderate rebound in German industry orders points to slow recovery

Moderate rebound in German industry orders points to slow recovery

REUTERS 2020-07-06 14:52:16

Orders for German industrial goods rose by 10.4 per cent in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after loc...

US sanctions will hit Huawei, UK decision not set in stone, British minister says

US sanctions will hit Huawei, UK decision not set in stone, British minister says

REUTERS 2020-07-06 13:20:27

US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, Britain&...

Uber, Postmates agree on $2.65b all-stock deal

Uber, Postmates agree on $2.65b all-stock deal

REUTERS 2020-07-06 11:02:01

Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people famili...

BB bans ex-NRBC Bank chair

BB bans ex-NRBC Bank chair

FE Report 2020-07-06 10:02:27

The Bangladesh Bank has prohibited former chairman of NRB Commercial Bank Farasath Ali from owning stake in any bank or non-bank financial institutions for two years for his alleged irregularities....

India finally lets in import through Benapole

India finally lets in import through Benapole

-- 2020-07-06 09:50:34

India has finally allowed goods in from Bangladesh through Benapole Land Port in Jashore days after Bangladeshi exporters blocked imports from across the border, reports bdnews24.com. The local expor...

BGMEA requests govt to give reg to apparel buying houses

BGMEA requests govt to give reg to apparel buying houses

FE Report 2020-07-06 09:45:02

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) hasrequested the government to give registration to its associate-member buying houses, officials said. In this regard, the apex t...

Record 17pc slide in FY '20 exports

Record 17pc slide in FY '20 exports

MONIRA MUNNI 2020-07-06 09:34:03

Country's export earnings decreased by a record 17 per cent or $6.86 billion in the just-concluded fiscal since fiscal year (FY) 2001-02. The country fetched $33.67 billion in FY 2019-20 which was $4...

NBR tightens grip on vehicle-hiring scope for taxmen

NBR tightens grip on vehicle-hiring scope for taxmen

DOULOT AKTER MALA 2020-07-06 09:32:29

The National Board of Revenue (NBR) has tightened the vehicle-hiring scope for taxmen from this fiscal, creating difficulties for field-level tax inspection. From now on, tax, VAT and customs officia...

Biman halts Dubai, Abu Dhabi flights until July 16

Biman halts Dubai, Abu Dhabi flights until July 16

-- 2020-07-05 22:04:31

Biman Bangladesh Airlines has halted all its flights to Dubai and Abu Dhabi due to ‘unavoidable reasons’. The national flag carrier made the announcement in a press release on Sunday. Al...

AmCham starts providing assistance to marginal farmers

AmCham starts providing assistance to marginal farmers

FE Online Report 2020-07-05 18:42:48

American Chamber of Commerce in Bangladesh (AmCham) on Sunday started giving cash and technical assistance to 1,000 farm households, affected by the ongoing pandemic, in Sirajganj. The AmCham assista...

Rawhide traders can reschedule loans with 2pc down-payment

Rawhide traders can reschedule loans with 2pc down-payment

-- 2020-07-05 17:53:14

Rawhide traders have got an opportunity to reschedule their loans with a 2 per cent down-payment ahead of Eid-ul-Azha. Bangladesh Bank outlined the special facility in a circular issued on Sunday, re...

Indonesia says trade, investment deal with Australia takes effect

Indonesia says trade, investment deal with Australia takes effect

REUTERS 2020-07-05 15:06:00

An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia’s Trade Ministry said. The Indonesia-Aust...

Iran rial slides to new low as coronavirus, sanctions weigh

Iran rial slides to new low as coronavirus, sanctions weigh

REUTERS 2020-07-05 12:18:49

The Iranian rial fell to a new low against the US dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and US sanctions. The dollar was offer...

Sonali Bank fears profit slumps

Sonali Bank fears profit slumps

SYFUL ISLAM 2020-07-05 11:06:22

Sonali Bank fears its operating profit will slip by Tk 8.0 billion this year as fallout of the Covid-19 pandemic, causing further capital shortfall. The country's biggest state lender made some Tk 19...

Sacrificial animals in surplus this year

Sacrificial animals in surplus this year

SAJIBUR RAHMAN 2020-07-05 10:36:35

The government will take an initiative to ensure smooth management of sacrificial animals, reared by commercial and marginal farmers across the country, ahead of Eid-ul-Azha amid the Covid-19 pandem...

Work during pandemic: Entrepreneurs should embalm team spirit

Work during pandemic: Entrepreneurs should embalm team spirit

FE REPORT 2020-07-05 10:17:23

Entrepreneurs should prioritise sustaining the morale of their team members in recent times considering the Covid-19 situation in Bangladesh, a noted industrialist told a webinar on Saturday. The man...

Task force for action against 'ghost' power bill providers

Task force for action against 'ghost' power bill providers

FE REPORT 2020-07-05 10:14:34

A task force has recommended taking punitive measures against a dozen of employees of utility service providers for their alleged involvement in providing 'inflated' electricity bills to consumers. I...

NBR curbs bond licensing

NBR curbs bond licensing

DOULOT AKTER MALA 2020-07-05 09:50:05

The National Board of Revenue has tightened rules for issuing licences to the exporters for availing bonded warehouse facility so that its abuse can be checked. The board has imposed new conditions f...

'Corporates not preparing quality financial reports'

'Corporates not preparing quality financial reports'

FE Report 2020-07-05 09:30:51

Experts at an online meeting on Saturday said many corporates were not preparing quality financial reports. Chairman of Financial Reporting Council (FRC) CQK Mustaq Ahmed said at the meeting many com...

Malaysia suggests BD to provide enhanced support for SMEs

Malaysia suggests BD to provide enhanced support for SMEs

-- 2020-07-04 20:57:02

Acting High Commissioner of Malaysia to Bangladesh Amir Farid Abu Hasan has said Bangladesh, as an emerging economy, should emphasise more on supporting its entrepreneurs of the small medium enterpris...

Titas plans to bring 2.8m consumers under pre-paid metering system

Titas plans to bring 2.8m consumers under pre-paid metering system

-- 2020-07-04 20:34:07

Titas Gas Transmission and Distribution Company Limited (TGTDCL) plans to bring over 2.8 million consumers under prepaid metering system in phases to reduce wastages of this natural resource. “...

Britain and India's Bharti to buy OneWeb satellite company

Britain and India's Bharti to buy OneWeb satellite company

-- 2020-07-04 17:42:58

Britain has joined forces with India's Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging $1 billion between them to develop a constellation that could boost bro...

Bangladeshi startup Dataful receives Amazon grant

Bangladeshi startup Dataful receives Amazon grant

-- 2020-07-04 16:18:54

Bangladeshi startup Dataful, participating in the final round of the Startup Istanbul Acceleration Progamme, has received 5,000 US dollars in a grant from Amazon, UNB reports. The grant will be used...

BD plans signing FTAs with African countries

BD plans signing FTAs with African countries

FE Report 2020-07-04 10:15:59

The government has planned to sign free trade agreements, or FTAs,with some African countries, including Morocco,to boost the country's export earnings, officials said. They said the commerce ministr...

Bicycle industry shining

Bicycle industry shining

MIR MOSTAFIZUR RAHAMAN 2020-07-04 09:38:29

When Covid pandemic has put a damper on most businesses, country's bicycle manufacturers are enjoying their heyday. Bicycle sales at home and abroad have gone up significantly in recent months. In v...

Bulk-heads illegally carrying coals, stones from mother vessels

Bulk-heads illegally carrying coals, stones from mother vessels

NAZIMUDDIN SHYAMOL 2020-07-03 15:36:24

CHATTOGRAM: A section of importers are using bulk-head vessels instead of lighterage ships in carrying goods from mother vessels and big ships from the Outer Anchorage of Chittagong Port violating the...

'Fair & Lovely' to be rebranded as 'Glow & Lovely'

'Fair & Lovely' to be rebranded as 'Glow & Lovely'

Reuters 2020-07-03 13:04:49

The Indian arm of global consumer giant Unilever said on Thursday it would rebrand its skin-lightening cream ‘Fair & Lovely’ to ‘Glow & Lovely,’ after facing backlash t...

BIDA to add 23 new services to its OSS portal

BIDA to add 23 new services to its OSS portal

FE Report 2020-07-03 12:26:23

Bangladesh Investment Development Authority (BIDA) is preparing to integrate 23 more new services to its online One-Stop Service (OSS) portal in an effort to facilitate investment in the country. The...

Bangladeshi firm Globe Biotech in race to develop Covid-19 vaccine

Bangladeshi firm Globe Biotech in race to develop Covid-19 vaccine

FE REPORT 2020-07-03 10:25:47

A Bangladeshi company on Thursday claimed to have developed a Covid-19 vaccine and completed preliminary animal trial successfully. The vaccine developing company namely Globe Biotech Ltd, a sister c...