Loading...
The Financial Express

Search results for: trade

Mobile, tobacco use likely to be costlier in FY ’21

DOULOT AKTER MALA June 02, 2020 09:35:32

Mobile phone users and tobacco consumers may have to count additional costs in the upcoming fiscal year (FY). The Value Added Tax (VAT) wing under the National Board of Revenue (NBR) is likely to pro...

BB allows private sector to provide electronic payment services

FE Online Report June 01, 2020 17:24:23

The Bangladesh Bank (BB) has issued a guideline allowing non-bank entities to provide electronic payment services to the customers of schedule banks and others. Such service will fall under the PSO (...

BASIC Bank Islampur branch locked down after eight employees contract virus

FE Online Report June 01, 2020 16:18:32

The Islampur branch of BASIC Bank was locked down on Monday after eight employees including the branch in-charge tested positive for COVID-19. A senior official of the state-owned commercial bank (So...

RSC takes over Accord operations

FE Online Report June 01, 2020 15:10:25

The RMG Sustainability Council (RSC) on Monday took over the functions of Accord as the extended tenure of the western retailers’ platform finally ended on Sunday. Ready-made garment (RMG) manu...

Domestic flights resume after two-month suspension

-- June 01, 2020 14:33:35

Domestic flights operation resumed on Monday on Dhaka-Chattogram, Dhaka-Sylhet and Dhaka-Saidpur routes on a limited scale after more than two months of suspension amid the COVID-19 pandemic. While t...

Call for policy support on BtC cross-border trading

FE REPORT June 01, 2020 09:48:03

Speakers at an online discussion accentuated the need for easing policies on business to consumer (BtC) cross-border trading. They said trading in Bangladesh and elsewhere in the world during the cor...

RMG exports drop 62pc to $1.06b in May

MONIRA MUNNI June 01, 2020 09:34:09

The country's ready-made garment (RMG) exports in May 2020 declined by 62 per cent to US$ 1.06 billion over the earnings of the corresponding month in last calendar year. Export earnings from the app...

Potato prices go up by 28pc in a week

Yasir Wardad June 01, 2020 09:31:23

The prices of potato went up sharply in the city market within a week, hitting the consumers' pockets. Traders said a fall in production as well as surge in transport costs are key reasons behind hik...

Vaccine to remain beyond reach of local pharma cos

Doulot AKter Mala June 01, 2020 09:21:04

Bangladesh will not be able to produce COVID-19 vaccine, when it is developed. The country is yet to achieve the World Health Organization's (WHO) global benchmarking criteria essential to apply for...

Over 1.2m students get stipends through bKash

-- May 31, 2020 20:51:37

More than 1.2 million secondary level students received their stipends money through bKash from the government fund before Eid-ul-Fitr. “This is the first time 1.26 million secondary level stud...

Korean company to invest $10m in BEPZA for business expansion

FE ONLINE DESK May 31, 2020 16:17:23

Even as the world is in economic recession, a South Korean company is going to expand its business with the investment of US$ 10 million more in Bangladesh Export Processing Zone Authority, or BEPZA....

Country's biggest Payra coal-fired power plant remains shut

M AZIZUR RAHMAN May 31, 2020 15:46:08

The country’s biggest 660 MW Payra coal-fired power plant has remained shut for the past couple of weeks following its commercial operation of only five days. The first unit of the Payra therma...

BARVIDA seeks Tk 5.0 billion loan from stimulus package

FE Online Report May 31, 2020 15:02:44

Reconditioned car importers on Sunday demanded Tk 5.0 billion loan facility from the government’s stimulus package for taxation of imported used cars that have been siting idle at the seaports....

EBL launches first e-KYC account in Bangladesh

FE Online Report May 31, 2020 12:23:29

Eastern Bank Ltd (EBL) on Sunday introduced an instant account opening solution – EBL INSTA Account – first of its kind in Bangladesh under e-KYC guideline. The leading private commercial...

Flights restart at Ctg airport tomorrow

Our Correspondent May 31, 2020 11:00:49

CHATTOGRAM: The authorities of Shah Amanat (R) International Airport have completed all preparations for restrating operation of flights on Monday as the more than two-month-long general holidays come...

Uber forms TSA to help contain COVID-19 spread

FE Report May 31, 2020 09:59:10

Uber has spearheaded formation of a Transport Safety Alliance (TSA) to help contain the spread of COVID-19 and set the highest safety standards in these challenging times. In partnership with DBL Pha...

Amphan causes damage to crops worth Tk 6.72b

Yasir Wardad May 31, 2020 09:42:49

Super cyclone Amphan which hit parts of Bangladesh on May 20 caused damage to crops worth Tk 6.72 billion, an agriculture ministry report said. According to the report, 0.85 million mango and lyche...

Zoom plans to strengthen encryption for paying customers

-- May 30, 2020 18:04:45

Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts. The company,...

New Market gears up for reopening in troubled times

-- May 30, 2020 16:19:03

The capital's New Market will pull up its shutters on Sunday after more than two months of closure during the shutdown over the coronavirus outbreak.Three of the complex's four gates will be opened to...

Jute exporters seek stimulus package

FE REPORT May 30, 2020 09:57:22

Jute exporters have urged the government to bring the raw jute export sector under its fiscal stimulus package, as they have been facing severe financial crisis in the wake of Covid-19 pandemic, indus...

Pakistan to import drug from Bangladesh for COVID-19 patients

-- May 29, 2020 20:52:56

A pharmaceutical company in Pakistan plans to import the antiviral drug remdesivir, which has shown promise in treating coronavirus patients, from Bangladesh. The firm, Searle Company Limited, made t...

Indian export body turns to Mamata for early trade resumption with BD

FE ONLINE DESK May 29, 2020 15:42:44

India’s umbrella body of export organisations has sought West Bengal Chief Minister Mamata Banerjee’s intervention for an early resumption of India-Bangladesh trade through land ports. Th...

Stick or twist? Global investors face coronavirus-induced property dilemma

REUTERS May 29, 2020 15:00:06

The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or...

Volkswagen pumps 2 billion euros into China electric vehicle bet

Reuters May 29, 2020 13:46:42

Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world’s biggest auto mark...

Emirates launches activity page for kids on its website

FE Online Desk May 29, 2020 13:34:28

Emirates airline, well known for its family friendliness, has launched a special activity page on its website to keep kids entertained over the summer holidays while leisure travel is suspended and sc...

Non-compliance of orders: DoS seeks authority to police shippers

FE REPORT May 29, 2020 10:20:36

The Department of Shipping (DoS) has sought authority to police "errant" shipping agents, who would not comply with the law of the land. DoS Director General (DG) Syed Ariful Islam, in a letter to...

Business relocation to BD: BIDA to hold virtual meeting with Japanese cos next week

M AZIZUR RAHMAN May 29, 2020 10:10:20

Bangladesh will hold a maiden meeting next week with Japanese entrepreneurs, donor agencies and investment facilitators to entice potential investors to relocate their businesses here during the post-...

Broiler chicken, onion, garlic prices drop on low demand

FE REPORT May 29, 2020 10:06:42

The kitchen market in the city saw thin presence of customers after Eid-ul-Fitr with the prices of essential commodities showing a mixed trend. Prices of broiler chicken, onion, garlic and some veget...

GSK aims for 1.0b doses of booster for COVID-19

Reuters May 28, 2020 21:52:47

GSK, the world's largest vaccine maker, laid out plans on Thursday to produce 1 billion doses of vaccine efficacy boosters for COVID-19 shots next year, as the race to develop a successful solution to...

Banks to maintain regular transaction hours from Sunday

FE ONLINE REPORT May 28, 2020 19:43:24

Bangladesh Bank has instructed all banks to maintain regular transaction hours from Sunday, after providing services in limited scale for 63 days due to the coronavirus outbreak. From Sunday, transac...