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The Financial Express

Search results for: trade

Non-payment of salary, dues: Thousands in SoEs starve amid pandemic

MIR MOSTAFIZUR RAHAMAN May 10, 2020 11:57:41

Nearly 70,000 workers and employees of state-owned jute, textiles and sugar mills are virtually starving for non-payment of salaries amid the corona outbreak. Many of them wondered why they are being...

Jute joy amid coronavirus cloud over BD exports

-- May 10, 2020 11:48:13

In the dark and unforgiving coronavirus cloud hanging over Bangladesh's foreign income, jute exports have grown 14 per cent year-on-year to $791.3 million in the July-April period of the current fisca...

Bangladesh-India freight train service resumes

Munima Sultana May 10, 2020 09:44:53

Bangladesh Railway (BR) has started freight train service to bring in essential goods from India amid a slowdown in road-based transportation due to the coronavirus pandemic. Railway officials said t...

Hiring from BD: Many job-seekers land in trouble amid COVID-19

ARAFAT ARA May 10, 2020 09:30:17

The fate of about 150,000 workers who are in the process of going abroad with jobs has fallen uncertain as the host countries cannot receive them shortly because of the prolonged coronavirus pandemi...

Aarong reopens 14 outlets, each customer to get one hour  

-- May 09, 2020 21:12:53

With the Eid-ul-Fitr approaching, leading fashion and lifestyle brand Aarong will reopen 14 of its 21 outlets amid the coronavirus outbreak. Customers will have to register online beforehand to enter...

Daraz Seller Moitree Program commits to stand by 30,000 entrepreneurs

-- May 09, 2020 17:43:12

Due to the coronavirus pandemic sweeping across the country, the operations of many Small and Medium Enterprises (SME) came to a standstill, causing owners of these small businesses to face severe fin...

Emirates make big difference to people’s lives through innovative social initiatives

FE Online Desk May 09, 2020 12:34:53

Thanks to customer donations, the Emirates Airline Foundation used a staggering 132 million Skywards Miles last year to positively impact the lives and livelihoods of more than 90,000 people, mainly c...

Leather products and footwear sector export dips drastically

FE DESK REPORT May 09, 2020 10:02:37

Amidst ongoing Covid 19 coronavirus pandemic, Bangladesh leather products and footwear export sector -the second highest export earner of Bangladesh - as a whole registered a decline of 77.94 per cent...

Farmers incur loss amid fall in rice, paddy prices

Yasir Wardad May 09, 2020 09:51:20

The country's farmers have plunged into a deep despair, as prices of both rice and paddy have started declining with the beginning of Boro harvest in full swing. Millers and traders are now on the pr...

BHBFC’s loan rescheduling facility extended to Dec 31

SAIF UDDIN May 09, 2020 09:34:46

The state-run Bangladesh House Building Finance Corporation (BHBFC) has extended the loan rescheduling facility at reduced ratesuntil the end of this year considering the Covid-19 situation, a top off...

Steps taken to raise DAP fertiliser production

TALHA BIN HABIB May 09, 2020 09:28:48

The government has taken measures to increase DAP fertiliser production for boosting agriculture production aiming to help avoid possible food shortages due to coronavirus pandemic. Under the move, t...

Mango harvesting in Rajshahi to begin May 15

-- May 08, 2020 22:41:03

The Rajshahi district administration has fixed May 15 for beginning mango harvest. At first, the Guti variety will be harvested. The harvesting date for Gopalbhog was fixed for May 20; Ranipasand an...

State-owned National Tubes returns to profit after three years

-- May 08, 2020 20:55:10

National Tubes Limited, the state-owned pipe manufacturer under the Bangladesh Steel and Engineering Corporation (BSEC), returned to profit in the fiscal 2019-20 after three years. “National Tu...

RMG workers start receiving salaries from stimulus package

-- May 08, 2020 19:38:50

Ready-made garment (RMG) workers have started to get salaries as banks are disbursing loans for paying wages of April from the government’s stimulus package of Taka 50.00 billion. As per the ap...

Sylhet shopping malls, markets to remain shut until Eid

-- May 08, 2020 19:29:22

Leaders of business organisations in Sylhet city area on Friday decided not to reopen shopping malls and markets before Eid-ul-Fitr. The meeting, presided over by Sylhet City Corporation (SCC) Mayor...

AMTOB seeks SIM tax cut, minimum tax withdrawn

-- May 08, 2020 18:11:37

The Association of Mobile Operators of Bangladesh has asked for elimination of minimum turnover tax and rationalisation of corporate income tax in line with the regional countries in the national budg...

Ctg trade body leaders not in mood to reopen markets

Nazimuddin Shyamol May 08, 2020 09:58:01

CHATTOGRAM: Despite enormous economic loss suffered by shopkeepers and small traders of greater Chattogram triggered by the 40-day-long general holidays due to coronavirus outbreak, many merchant bodi...

Banks, NBFIs invited to sign agreements

SIDDIQUE ISLAM May 08, 2020 09:33:33

The central bank has invited applications from interested banks by May 14 to sign participatory agreements (PAs) on receiving refinancing facility under the large industries and services sector. All...

NBR orders probing VAT-evading firms

Doulot Akter Mala May 08, 2020 09:31:38

National tax collector has ordered the field-level VAT offices to investigate businesses that avoided the payment of consumption levy and submission of returns, despite being operational during the lo...

Foreign missions asked to take steps to woo buyers

FE REPORT May 08, 2020 09:31:03

Bangladesh has asked commercial councillors of its missions abroad to take effective steps so that export orders are not cancelled by the buyers concerned. The Commerce Minister Tipu Munshi said this...

VAT waiver for PPE makers

FE Report May 07, 2020 12:06:51

The National Board of Revenue (NBR) has waived Value Added Tax (VAT) to facilitate local production of personal protective equipment (PPE) and surgical face masks to fight COVID-19. From now on, loca...

Ports asked to speed up release of goods

FE Report May 07, 2020 09:30:17

The government has asked the authorities concerned to take effective measures for speedy release of imported goods--especially key essential commodities--from different ports amid the coronavirus pand...

BBA seeks lower fund for Padma Bridge in FY ’21

FE Report May 07, 2020 09:29:34

The Bangladesh Bridges Authority (BBA) has sought Tk 50 billion funds in the upcoming development budget for the Padma Bridge construction work, lower than the amount in the current fiscal year (FY),...

Bashundhara City, Jamuna Future Park not reopening for Eid shopping

-- May 06, 2020 21:53:33

Bashundhara City Complex and Jamuna Future Park are not opening their doors to Eid shoppers as a precaution against the coronavirus infection even as the government has greenlighted reopening of shopp...

Govt not to allow hawkers before Eid

-- May 06, 2020 21:20:38

The government will not allow hawkers on pavements before Eid-ul-Fitr due to risk of coronavirus infection. However, shops and shopping malls will be reopened from May 10. The home ministry notified...

Samsung heir makes rare apology over controversial succession

-- May 06, 2020 21:02:14

Samsung Group heir Jay Y Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and said he will not hand over management rights to his children at t...

BCCCI to donate coronavirus protection materials

-- May 06, 2020 20:05:32

Bangladesh China Chamber of Commerce and Industry (BCCCI) along with Anhui Love Charity Foundation are going to donate Coronavirus protection materials (Mask, Hand sanitizer, Antibacterial Soap) among...

Tk 11b seed money sought for small entrepreneurs

FE Online Report May 06, 2020 19:22:33

The Ministry of Industries has sought Tk 11 billion as seed money to provide loan to the micro and small entrepreneurs that remain outside the banking system. The ministry sent a letter to the Mini...

Qatar Airways warns of 'substantial' job losses

-- May 06, 2020 16:21:01

Qatar Airways has warned its employees of ‘substantial’ redundancies as it struggles with a collapse in demand. Its chief executive Akbar Al Baker wrote to staff warning of the job losses...

Air fares face turbulence when flights slowly restart

-- May 06, 2020 14:30:46

Air fares should fall when flights restart but then rise by at least 50 per cent, warns a global airline industry body. Airlines are keen to get planes back in the skies quickly which could lead to o...