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The Financial Express

Search results for: trade

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...

Daraz launches Daraz First Games

-- May 28, 2020 19:09:17

Daraz, a leading online marketplace in the country has launched Daraz First Games - an innovative and immersive gaming platform offering access to a number of free-to-play casual games in a wide array...

'Steps taken to make state-owned industrial units profitable'

FE Online Report May 28, 2020 18:19:55

The government has taken measures to make state-owned industrial units profitable through bringing necessary reforms, said Industries Minister Nurul Majid Mahmud Humayun. “We have taken measu...

Domestic flights to resume from June 1 in limited scale

-- May 28, 2020 18:14:58

Domestic flights will resume on Dhaka, Chattogram, Sylhet and Syedpur routes in a limited scale from June 1, the Civil Aviation Authority of Bangladesh (CAAB) announced Thursday. “But the embar...

Australian LNG exports to Chinese market at crossroads as trade tensions intensify

Global Times May 28, 2020 16:10:09

A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming decade but one that is undergoing...

Indian clothing makers seek duty imposition on garment imports from BD

FE Online Report May 28, 2020 15:59:55

Indian clothing manufacturers have demanded duty imposition on imported garments from Bangladesh for at least a year to help their local industry to cope with COVID-19 impact. The Clothing Manufactur...

Nissan sets out survival plan after first annual loss in 11 years

-- May 28, 2020 15:51:32

Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11...

EU’s public consultation for new GSP to expire June 03

FE ONLINE REPORT May 28, 2020 14:07:50

The EU sponsored crucial public consultation on setting new norms and procedures of the generalised system of preference (GSP) will expire on June 03.        &n...

JPMorgan reshuffles South Asia leadership

-- May 28, 2020 13:34:16

JP Morgan has named Leo Puri chairman of its South and Southeast Asian operations after Kalpana Morparia announced her retirement, according to a statement. Puri will take on the role in the first qu...

NBL brings countercharges against Exim Bank

-- May 28, 2020 10:20:36

National Bank Limited (NBL) has brushed aside the charges against one of its directors and his brother that they threatened top executives of Exim Bank. National Bank has leveled countercharges again...

Boeing cutting more than 12,000 US jobs

Reuters May 28, 2020 09:18:07

Boeing said on Wednesday it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boe...

Tesla to cut car prices in North America, China

Reuters May 27, 2020 13:37:31

Tesla said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns....

Apple to reopen about 100 US stores

-- May 27, 2020 12:06:18

Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday. Apple shuttered stores worldwide as the novel coronavirus pand...

Volkswagen in final talks to seal biggest M&A deals in China EV sector

-- May 27, 2020 11:50:21

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s lar...

Saudi Arabian airlines to resume some domestic flights from May 31

-- May 27, 2020 11:39:48

Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, Reuters reported on Wednesday citing the state news agency. Six...

Top executives of Exim Bank 'threatened'

-- May 27, 2020 09:44:21

A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death. A case was started at Gulshan Police Station on May 19 over the alleged incident...

Boeing set to announce significant US job cuts this week

Reuters May 27, 2020 09:17:17

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10 per cent of its worldwide workforce of 160,000 employees, people briefed on the plans and a un...

No March, April VAT return penalty until Jun 9

-- May 26, 2020 23:12:52

Business organisations will be able to submit value added tax (VAT) return for the months of March and April without paying late fees until Jun 9, the National Board of Revenue says. The board issued...

Dhaka ICD overloaded due to slow delivery of goods

-- May 26, 2020 16:46:09

The Kamlapur Inland Container Depot (ICD), a key gate of the country’s external trade in Dhaka, has been congested following slow delivery of goods.       &nbs...

Uber cuts 600 jobs in India

Reuters May 26, 2020 15:31:16

Uber Technologies will cut around 600 jobs in India as part of its plans to cut 23 per cent of its global workforce, as the company navigates a lockdown that has brought businesses in the country to a...