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The Financial Express

Search results for: trade

CARE Bangladesh, Coca-Cola support over 50,000 with food rations

FE Online Desk May 20, 2020 16:18:39

Coca-Cola together with its partner CARE Bangladesh is supporting over 50,000 people from disadvantaged communities with a month’s food rations to help them tide over the current COVID-19 hardsh...

Rolls-Royce to cut 9,000 jobs amid coronavirus crisis

-- May 20, 2020 16:04:18

Rolls-Royce has said it will cut 9,000 jobs and warned it will take "several years" for the airline industry to recover from the coronavirus pandemic. The Derby-based firm, which makes plane engines,...

Emirates loyalty programme introduces ‘Tier Miles’ on online purchase

FE Online Desk May 20, 2020 14:05:00

In the rapidly changing global situation Emirates' loyalty programme- Emirates Skywards is keeping pace. Members can now earn 25 per cent bonus Tier Miles, not just Skywards Miles, on everyday spends...

Business group cautions US on 'reshoring' too much China supply

REUTERS May 20, 2020 13:40:47

The US Chamber of Commerce on Tuesday warned the US government against overdoing a major effort underway to rip US supply chains out of China in the wake of the coronavirus pandemic, saying such moves...

RMG workers protest for wages in city

-- May 20, 2020 13:22:06

Disgruntled ready-made garments (RMG) workers have taken to the streets to demand payment of wages and Eid-ul-Fitr bonuses in another round of protests in Dhaka during the ongoing coronavirus shutd...

J&J to stop selling talc-based baby powder in US, Canada

-- May 20, 2020 11:29:57

Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “p...

CCCI selling essentials at subsidised prices

Our Correspondent May 20, 2020 10:31:57

CHATTOGRAM: The Chattogram Chamber of Commerce and Industry (CCCI) has been selling essential goods with subsidised price for the people of Chattogram city since the beginning of Holy Ramadan month....

TCB putting on hold its OMS operation from today

FE REPORT May 20, 2020 10:27:45

After 50 days of operation on the occasion of Ramadan, the Trading Corporation of Bangladesh (TCB) is putting on hold its open market sale (OMS) from today (Wednesday), a source said. After Eid-ul-Fi...

Rail turns crucial for onion cargo from India

MUNIMA SULTANA May 20, 2020 10:24:15

Railway is fast becoming a vital option for onion transportation from India following suspension of road network between the two neighbouring nations for the COVID-19 pandemic, officials said. Bang...

Ctg port yard: Store rent on containers again waived by 50pc

FE REPORT May 20, 2020 09:50:53

The government has again extended the store rent waiver facility for the containers lying in the Chittagong port yard. During the period between May 17 and May 30, container owners will pay only 50 p...

FBCCI seeks 'priority investment scheme'

FE REPORT May 20, 2020 09:30:16

The country's apex trade body has demanded a 'priority investment scheme' without penalty, prejudice and legal barrier in all productive sectors such as real estate and capital market for next five ye...

Uber Eats to stop operations in BD from June

-- May 19, 2020 22:58:52

Online food ordering and delivery service Uber Eats is discontinuing services in Bangladesh from June 2. “After a year of partnering with local restaurants to offer convenient and reliable food...

HSBC launches ‘Joy of giving’ to bring 100,000 smiles

FE Online Desk May 19, 2020 20:11:46

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh on Tuesday launched a corporate sustainability campaign under its ‘Joy of Giving’ platform in partnership with the Minist...

JTIB mobilies fund to help 60,000 people during pandemic

-- May 19, 2020 17:37:34

Japan Tobacco International Bangladesh has mobilised a special COVID-19 fund to provide essential food and hygiene items to 60,000 people of underprivileged communities as well as protective gears to...

Banks in industrial areas to remain open May 22, 23

-- May 19, 2020 16:55:15

Banks have been asked to continue operation on Friday (May 22) and Saturday (May 23) in the industrial areas to facilitate payment of wages to garment workers before Eid and also continue export impor...

GP pays Tk 10b more to BTRC

-- May 19, 2020 16:48:09

Private mobile operator Grameenphone (GP) on Tuesday deposited another Tk 10 billion to Bangladesh Telecommunication Regulatory Commission (BTRC) as ordered by the apex court. BTRC Chairman Jahurul H...

Vietnam targets e-commerce turnover reaching $35 billion by 2025

REUTERS May 19, 2020 16:01:24

Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian...

e-CAB urges member organisations to maintain quality services

FE ONLINE REPORT May 19, 2020 15:32:32

The leaders of e-Commerce Association of Bangladesh (e-CAB) have called upon its members for maintaining the quality of services ahead of Eid ul-Fitr celebration. In a statement on Tuesday, e-CAB Pre...

JTI Bangladesh initiatives for Covid-19 response  

FE Online Desk May 19, 2020 15:22:08

Japan Tobacco International Bangladesh is providing support that is directly benefitting approximately 60,000 people across Bangladesh. A special COVID-19 fund has been mobilized to provide essentia...

Apparel sector leaders place demands as next budget approaches

FE ONLINE REPORT May 19, 2020 14:58:06

Apparel sector leaders placed a number of demands, including continuation of the existing rate of source tax and corporate tax, to help sustain competitiveness in global markets, as the next budget dr...

UK urged to continue RMG imports from BD through creating fund

-- May 19, 2020 14:13:09

State Minister for Foreign Affairs Md Shahriar Alam has suggested that the UK may take the initiative of creating a COVID-19 fund which can be used to bail out the UK brands/retailers so that they can...

Trade deficit drops slightly in July-Feb

FE ONLINE REPORT May 19, 2020 13:01:30

Country’s merchandise trade deficit with the rest of the world declined slightly in the first eight months (July-February) of the current fiscal year (FY20). The latest statistics on balance of...

Bapex on lookout for int’l partners to develop viable onshore gas wells

M AZIZUR RAHMAN May 19, 2020 12:38:49

State-run Bapex is looking for international partner or partners to develop half a dozen dried, suspended and abandoned onshore gas wells in Sylhet and Chattogram regions under joint venture (JV) to r...

BSMA seeks Tk 30b loan from stimulus package

FE Report May 19, 2020 11:21:06

The steel sector in Bangladesh has incurred approximately Tk 30 billion losses in March-April this year due to a drastic fall in demand and halt in steel production for coronavirus pandemic. Banglade...

Overcapacity to up power sector's fiscal loss: Study

FE REPORT May 19, 2020 11:01:27

Growing overcapacity of Bangladesh's power sector will increase its financial loss following a significant fall in electricity demand amid the prevailing Covid-19 pandemic, a new study has revealed....

Govt approves mega purchase plan for TCB

Rezaul Karim May 19, 2020 10:55:42

The government has approved a mega purchase plan for Trading Corporation of Bangladesh (TCB) aiming to supply essential commodities to the people at affordable prices and help stabilise the market d...

Spl parcel service: BR reduces 25pc fare

FE REPORT May 19, 2020 10:31:49

Bangladesh Railway (BR) has cut rental charge for special parcel train service to make transportation of local agricultural products attractive to farmers. Since the service was launched on three rou...

Coronavirus hits Bangladeshi freelancers, outsourcing sector hard

-- May 19, 2020 10:25:06

When coronavirus spread to developed countries and led to the shutdown of many companies, freelancers and outsourcing companies in Bangladesh started feeling the pinch as work orders fell drastically,...

Refined oil supply: Indian corp. on track to win bid

M AZIZUR RAHMAN May 19, 2020 09:49:50

Indian Oil Corporation, or IOC, is set to be a major supplier of refined petroleum products to Bangladesh as it has emerged as the most suitable bidder to supply half a million tonnes of fuel. The In...

Cargo handling suspended at outer anchorage of Ctg port

Nazimuddin Shyamol May 19, 2020 09:40:23

CHATTOGRAM: Cargo handling has been suspended at the outer anchorage of Chittagong seaport following weather alert-2 issued by the Chittagong Port Authority (CPA) on Monday. As the cyclonic storm '...