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The Financial Express

Search results for: trade

RMG workers protest for back pay

-- May 16, 2020 14:52:40

Disgruntled workers of readymade garment (RMG) factory have descended on the streets at Mohakhali area of Dhaka city to demand back pay amid the coronavirus shutdown. The protests began around 10:00...

Emirates resumes passenger flights to nine cities May 21

FE Online Desk May 16, 2020 14:16:53

Dubai-based Emirates has announced its plan to operate scheduled flight services from May 21 to nine destinations: London Heathrow Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbour...

Coronavirus deals a heavy blow to online Eid shopping

UNB May 16, 2020 10:54:31

The coronavirus pandemic has killed the Eid joy. Even though a rising number of COVID-19 cases is leading more people to opt for online shopping, the pandemic and subsequent global economic stagnatio...

TCB plagued by capital shortfall

FE Report May 16, 2020 10:07:39

Trading Corporation of Bangladesh (TCB) has long been hamstrung by capital shortfall, making it difficult for the agency to carry out timely market intervention, officials said. Supply of key essenti...

Boro acreage falls to three-year low

Yasir Wardad May 16, 2020 09:42:28

The government expects to achieve 20.04 million tonnes of Boro production target, although acreage of this major crop fell to a three-year low this year. The government officials are still optimistic...

Submission of VAT return expires today

FE Online Report May 15, 2020 21:16:17

The National Board of Revenue (NBR) kept all its VAT field offices open on Friday to facilitate VAT return submission. The deadline for submission of VAT return for the month of April, 2020 expired t...

Country’s first crowd-funding digital platform to provide zakat launched

FE ONLINE REPORT May 15, 2020 20:48:03

The country's first crowdfunding digital platform ‘EkDesh’ was launched with the aim of making it easier for any government or non-government organisation to provide zakat or financial gra...

Summit receives $140m from international commercial institutions for power plant construction

FE ONLINE REPORT May 15, 2020 19:36:40

Clifford Capital Pte Ltd of Singapore and Sumitomo Mitsui Banking Corporation (SMBC) of Japan are set to provide long term financing of $140 million (Tk 11.90 billion) to Summit Power Ltd for 300 MW S...

Payra power plant starts commercial operation of its first unit

-- May 15, 2020 19:30:13

The first unit (660 MW) of newly-constructed Payra coal-fired power plant went into commercial operation on Thursday, utilising the recently-commissioned 400 kV Payra–Gopalganj power transmissio...

India's investment policy upsets Xiaomi, Oppo

-- May 15, 2020 19:29:14

Tougher scrutiny of foreign investment in India has soured the plans of China's smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of the South Asian country's compe...

Asian Paints raises staff salaries to boost morale

Economic Times May 15, 2020 18:24:33

Asian Paints is swimming against the tide. Instead of slashing pay and jobs - standard industry responses to the current demand destruction - India's biggest paints maker is raising salaries to boost...

Restoring RMG orders: Dhaka seeks EU lawmakers' help

SYFUL ISLAM May 15, 2020 16:22:36

Bangladesh has sought cooperation from the European Parliament for the restoration of apparel work orders, suspended or cancelled by various European brands and retailers after the COVID-19 pandemic....

Jute goods export: India closes in on slapping fresh punitive duties

DOULOT AKTER MALA May 15, 2020 16:18:41

India has invited Bangladeshi officials to discuss as New Delhi seeks to protect its mills by imposing yet another bout of safeguard duty on jute products of Dhaka. Anti-dumping duties are slapped by...

SBAC Bank exempts late fine on monthly installment of DPS

FE Online Desk May 15, 2020 15:19:10

South Bangla Agriculture & Commerce (SBAC) Bank Limited has exempted late fine on monthly installment of deposit savings schemes. All monthly-based deposit scheme clients will be able to avail...

WTO chief Roberto Azevedo to depart a year early

REUTERS May 15, 2020 10:08:28

World Trade Organization head Roberto Azevedo will step down a year earlier than planned in August, he said on Thursday, in a surprise move as the trade body struggles to rein in global tensions and c...

RMG makers propose 50pc festival bonus

 FE Report May 15, 2020 09:33:44

A tripartite meeting of the stakeholders on Thursday could not reach a consensus on the payment of festival allowance to readymade garment (RMG) workers ahead of the holy Eid-ul-Fitr. At the meeting,...

Ctg port's operation being hampered

Nazimuddin Shyamol May 15, 2020 09:33:16

Normal activities at Chittagong Port are being hampered as many importers of refrigerated containers (refer containers) are not taking delivery of the shipments on scheduled time. Port officials and...

BGMEA proposes developing virtual market platform

Monira Munni May 15, 2020 09:25:25

Apparel sector leaders have proposed developing a virtual market platform mainly to dispose of readymade garments worth billion dollars cancelled by global buyers due to the ongoing Covid-19 pandemic....

Cement makers want refund of Tk 7.5b AIT

Mohammad Mufazzal May 15, 2020 09:22:37

Local cement manufacturers have urged the government to refund an accumulated advance income tax (AIT) worth Tk 7.5 billion to offer a "breathing space" for the cash-strapped companies. The Banglades...

Industries minister suggests continuing works for country’s sake

FE Online Report May 14, 2020 18:34:49

The Ministry of Industries (MoI) on Thursday urged its departments and industrial units concerned to continue the works for the sake of the country’s economy during the ongoing coronavirus pande...

India unveils major credit line for small businesses, lenders

REUTERS May 14, 2020 11:07:16

India’s government said on Wednesday it will offer nearly $60 billion of loan guarantees for small businesses, shadow banks and power companies as part of measures to combat the economic damage...

Cellphone recharge: Users go digital as 0.9m retailers fold business

Ismail Hossain May 14, 2020 09:44:28

Mobile phone recharge has gone digital by up to 40 per cent from less than 15 per cent as the pandemic is increasingly pushing people into home while retail outlets are shut after lockdown. Given the...

Traders to cut spice prices

FE REPORT May 14, 2020 09:34:50

The country's spice traders will reduce prices of different spices by 10-25 percentage points from the current prices in the market, according to a press statement of the commerce ministry. The decis...

98pc of internal women migrant workers lose jobs

Arafat Ara May 14, 2020 09:19:59

About 98 per cent of internal women migrant workers are struggling to procure sufficient food, as they have lost jobs because of the coronavirus pandemic, according to a study, conducted by BNSK. It...

Most RMG factories fall short of reopening criteria as virus lockdown unwinds

-- May 13, 2020 20:22:33

Bangladesh has gradually rolled back the lockdown restrictions despite an escalating coronavirus outbreak, allowing garment factories to reopen on a limited scale since Apr 25, subject to their compli...

70pc of BPO sector faces obstacle due to coronavirus pandemic

FE Online Report May 13, 2020 18:20:35

As many as 60 to 70 per cent small and medium BPO or outsourcing companies in the country are on the verge of collapsing due to the coronavirus pandemic, business insiders has said. Business Process...

COVID-19 pushes Chinese exporters to broadcast promotions online

Global Times May 13, 2020 17:27:56

The unexpected COVID-19 pandemic is pushing Chinese exporters to save their declining overseas orders by trying out livestreaming while the global spread of the virus is keeping many at home. Exporte...

e-commerce has a billion-dollar market: Minister

-- May 13, 2020 17:25:24

Commerce Minister Tipu Munshi on Wednesday called upon all involved in e-commerce to maintain their service quality for creating its good image as it has a billion-dollar market. “It [e-commerc...

Govt to pave way for seasonal fruits to hit markets

-- May 13, 2020 17:02:23

The government is exploring ways to ensure that harvest of seasonal fruits, such as mangoes and lychees, reach the markets without a hitch during the countrywide lockdown over the coronavirus outbreak...

MTB introduces Green PIN Service for MTB cardholders

FE Online Desk May 13, 2020 16:09:09

MTB, with a view to enhancing Green Banking and Sustainable Development, launches Green PIN for all MTB Cardholders. Green PIN is a Contact Centre IVR based, instant and secure PIN generation service...