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The Financial Express

Search results for: trade

Salon, beauty parlours remain shut

-- April 10, 2020 18:19:10

The coronavirus crisis has hit beauty establishments hard across Dhaka as most salons and beauty parlours remain shuttered for a second straight week amid a nationwide lockdown to stem the outbreak....

Airline industry counting losses amid COVID-19 pandemic

-- April 10, 2020 18:10:44

The suspension of international and domestic flights, fall in air travel demand and economic uncertainty following the outbreak of coronavirus across the world continue to cause huge losses to airline...

RMG factories to remain closed until April 25

FE ONLINE REPORT April 10, 2020 17:40:29

The readymade garment (RMG) factories would remain closed until April 25 in line with extended public holidays in a bid to slow the spread if corona virus. The Bangladesh Garment Manufacturers and Ex...

Asia’s clothing makers give stark coronavirus warning

BBC April 10, 2020 11:53:00

"If our workers don't die from coronavirus, they'd die of starvation." This is the stark assessment of how the pandemic is impacting the clothing industry from garment factory owner, Vijay Mahtaney,...

Uber to give drivers millions of face masks to battle COVID-19

-- April 10, 2020 10:45:01

Uber Technologies Inc (UBER.N) has said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus. Th...

ICC, WHO launch worldwide business survey to improve COVID-19 information flow

-- April 09, 2020 19:56:35

The International Chamber of Commerce (ICC) and World Health Organization (WHO) are launching a worldwide survey to report the challenges faced by the private sector due to coronavirus (COVID-19) pand...

British fair trade watchdog asks buyers to keep commitment

-- April 09, 2020 18:34:48

UK-based fair trade watchdog Traidcraft Exchange has asked fashion brands and retailers to keep their promises as they continued to scrap contracts or stop payments to suppliers from ‘poorer cou...

Banks to conduct transactions from 10am to 12.30pm

-- April 09, 2020 16:52:08

Bangladesh Bank has scaled down banking hours for customers to 12.30pm as the coronavirus crisis intensified. The central bank on Thursday issued a circular, ordering banks to remain open until 2pm a...

State-run Eastern Tubes to produce LED light soon

-- April 09, 2020 16:34:07

Aiming to ensure efficient use of electricity, state-owned Eastern Tubes Limited (ETL) is going to produce energy-efficient LED light in the country soon. To this end, the installation of LED Light (...

Emirates SkyCargo ramps up operations for transport of essentials

FE Online Desk April 09, 2020 15:56:32

Keeping up its unwavering commitment to deliver food, medical supplies and other essential commodities to markets across the world during the COVID-19 pandemic, Emirates SkyCargo has rapidly scaled up...

Emirates Skywards announces flexible policy for members

FE Online Desk April 09, 2020 15:36:24

Emirates Skywards, the loyalty programme of the airline, is supporting its 27+ million members by understanding their needs, relaxing policies, adding flexibility, and including extensions during the...

Govt yet to take steps to convert trains, launches into isolation centres

Munima Sultana April 09, 2020 09:25:18

The government has received a number of proposals from different quarters to set up isolation centres for coronavirus-infected people to prevent further spread of the virus, as the number of COVID-19...

Coronavirus: GP starts virtual townhall with over 1,600 employees

-- April 08, 2020 18:45:19

Grameenphone CEO Yasir Azman on Wednesday said they started virtual townhall with more than 1,600 employees amid the outbreak of coronavirus.  “We have a critical role to play to keep the...

Global partners urged to honour terms of RMG purchasing contracts

FE Online Report April 08, 2020 11:53:10

Bangladesh, along with five other garment manufacturing countries, has urged global brands, retailers and traders to consider all potential impacts on workers and small businesses in supply chains whi...

BD usually applies high tariff on PPE, cut it last month

FE ONLINE REPORT April 08, 2020 11:37:31

Bangladesh usually maintains one of the highest average MFN (Most Favoured Nation)-applied tariffs on personal protective equipment (PPE), according to the latest report of the World Trade Organisatio...

Ministry seeks import data on salt from NBR

FE Report April 08, 2020 11:33:55

The industries ministry has asked the National Board of Revenue (NBR) to provide data on import of salt and sodium sulphate for last three and current fiscal years. The move aims at fixing the figure...

World watches Italy as businesses plead to return to work

REUTERS April 08, 2020 10:29:35

Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can ext...

Lockdown causes labour shortage in harvest time

Yasir Wardad April 08, 2020 10:03:38

Shortage of labourers amid the prevailing lockdown has currently emerged as a major impediment for farmers across the country, especially in harvesting Boro crop in the haor region. Harvest of matu...

Port store rent waiver: Importers start taking delivery of goods

NAZIMUDDIN SHYAMOL April 08, 2020 09:40:10

The stockpile of the containers at the Chittagong port, the prime sea port of the country, is likely to decrease next week as the authority exempted the port store-rent for delivery of the imported...

Many garment units operate defying order

MONIRA MUNNI April 08, 2020 09:30:05

Nearly 100 textiles and clothing factories were open on Tuesday, defying industry lobby groups' decision on the closure until April 14, part of the national attempt to slow the spread of virus, poli...

Small businesses cry for stake in support package

FHM Humayan Kabir April 08, 2020 09:03:07

"My restaurant has remained shut for 10 days now due to coronavirus. I've lost my daily earnings. All my 11 cooks and hotel boys are waiting for their wages." "Who will give me support now?" This is...

NBR to expand import customs assessment at Ctg port

DOULOTAKTER MALA April 08, 2020 08:23:33

The National Board of Revenue (NBR) has decided to expand the customs assessment work at ports covering all imports barring the commercial ones during the ongoing shutdown that is now in place to chec...

‘Pay workers’ salaries for March within April 16’

-- April 07, 2020 20:04:06

Commerce Minister Tipu Munshi has urged owners of industries to pay salaries to their workers for the month of March within April 16. The minister also urged them not to dismiss any worker amid the o...

Chinese contractor of Pamda bridge project donates PPE

-- April 07, 2020 20:03:50

China Railway Group Limited (CREC), the contractor of Padma Bridge Rail Link Project (PBRLP) and the parent company of the contractor of Padma Multipurpose Bridge Project, on Tuesday donated Personal...

Marico donates Tk 5.0m to PM’s Relief and Welfare Fund

FE Online Desk April 07, 2020 17:57:49

To support the Government’s efforts in the fight against COVID-19, Marico Bangladesh has contributed Tk 5.0 million to the Prime Minister’s Relief and Welfare Fund recently.  Marico...

Midland Bank donates Tk 1.0m to PM Fund

FE Online Desk April 07, 2020 17:45:33

The Management of Midland Bank Limited has donated Tk 1.0 million to Prime Minister’s Relief and Welfare Fund to help fight the coronavirus.  The Management of the Bank has contributed thi...

S Alam Group provides PPE, food items

FE Online Desk April 07, 2020 17:17:37

S Alam Group, one of the largest industrial groups of the country, is working to prevent the spread of the Corona virus (COVID-19) in the country. This collaborative work is being carried out under th...

Samsung Q1 profit beats estimates despite coronavirus

Reuters April 07, 2020 12:19:07

Samsung Electronics said on Tuesday its first-quarter (Q1) operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronaviru...

Tax file assessment: Discretion, not rules, becomes norm

DOULOT AKTER MALA April 07, 2020 09:39:34

People are subjected to discrimination during assessment of their tax files due to the absence of a central guideline from the National Board of Revenue, or NBR. The intervention by tax commissioners...

TCB trucks fail to meet demand despite thin consumers' presence

TALHA BIN HABIB April 07, 2020 08:37:42

The dealers appointed by the Trading Corporation of Bangladesh (TCB) have posted trucks at different parts of the city on Monday, but with a very limited number of items. As a result, the consumers a...