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The Financial Express

Search results for: trade

Jamuna Bank inaugurates sub-branch at Araihazar of Narayangonj

Jamuna Bank inaugurates sub-branch at Araihazar of Narayangonj

FE ONLINE DESK 2020-10-22 15:34:58

Jamuna Bank Limited has inaugurated a sub-branch at Banti Bazar area under its Bhulta Branch in Araihazar upazila of Narayangonj district recently. Alhaj Nazrul Islam Babu, Parliament Member, Narayan...

Emirates, Airlink sign interline agreement

Emirates, Airlink sign interline agreement

FE Online Desk 2020-10-22 14:13:13

Emirates and Airlink- a privately-owned regional airline serving a comprehensive network of smaller destinations throughout Southern Africa have announced an interline agreement. The agreement will p...

Covid hits non-life insurers’ earnings

Covid hits non-life insurers’ earnings

FE REPORT 2020-10-22 09:50:43

The overall gross earnings of the non-life insurance industry plunged by more than 20 per cent in April-June period from that in the January-March period, 2020. The premium of 46 non-life firms amo...

BB-authorised dealers can now import gold jewellery

BB-authorised dealers can now import gold jewellery

FE REPORT 2020-10-22 09:33:40

The central bank has given exclusivity to authorised gold dealers (AGDs) for importing the ornaments in line with the gold policy-2018, officials said. "....nowit has been decided that import of gold...

Govt to import 80,000 MTs urea fertiliser

Govt to import 80,000 MTs urea fertiliser

-- 2020-10-21 19:24:35

The government has decided to import 80,000 metric tonnes (MTs) of bulk urea fertiliser at Tk 1.74 billion. The Cabinet Committee on Public Purchase on Wednesday approved three separate proposals in...

TCB starts selling potato at Tk 25 a kg through OMS

TCB starts selling potato at Tk 25 a kg through OMS

FE ONLINE REPORT 2020-10-21 18:43:38

The state-owned Trading Corporation of Bangladesh (TCB) started the open market sale (OMS) of potato at subsidised rate of Tk 25 a kilogramme in the city on Wednesday. TCB spokesperson Humayun Kabir...

EBL opens fifth sub-branch at KEPZ

EBL opens fifth sub-branch at KEPZ

-- 2020-10-21 18:07:33

Eastern Bank Limited (EBL) opened its fifth sub-branch at Karnaphuli Export Processing Zone (KEPZ) at Patenga in Chattogram on Wednesday.  Mesbah Uddin Ahmed, EBL’s area head of Chattogram...

Bangladesh a great investment destination for Japanese investors

Bangladesh a great investment destination for Japanese investors

-- 2020-10-21 17:48:58

HSBC Bangladesh in partnership with JETRO organised a webinar titled ‘Bangladesh-Japan Business Corridor: Stakeholders Dialogue and Way Forward’ in the city on Wednesday. The webinar was...

Over 0.23m apparel workers under BWB yet to join factories: ILO report

Over 0.23m apparel workers under BWB yet to join factories: ILO report

FE Online Report 2020-10-21 15:25:23

As many as 230,749 garment workers did not return to their workplaces in Bangladesh despite reopening of the factories amid the coronavirus pandemic, according to a latest report of ILO published Wedn...

Cathay Pacific cuts 8,500 jobs

Cathay Pacific cuts 8,500 jobs

-- 2020-10-21 13:11:59

Cathay Pacific has announced it is closing its subsidiary Cathay Dragon and cutting 8,500 jobs. Cathay Dragon was a full service regional carrier flying mainly to mainland China and other Asian desti...

Bangladesh startup raises $22.5m from foreign investors

Bangladesh startup raises $22.5m from foreign investors

FE REPORT 2020-10-21 11:13:34

ShopUp, a Bangladeshi business-to-business digital commerce platform for micro and small entrepreneurs, has raised $22.5 million from foreign investors, several global media outlets reported on Tuesda...

Google sued, US may split $1.0tn company

Google sued, US may split $1.0tn company

REUTERS 2020-10-21 10:46:17

The US sued Google on Tuesday, accusing the $1.0 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades. The...

New facility to cut lead time, transport costs for exporters, importers

New facility to cut lead time, transport costs for exporters, importers

MUNIMA SULTANA 2020-10-21 10:13:55

Lead time and transport costs are likely to be reduced significantly as a new provision will allow investors at export processing zones to use same containers for export-import shipments. Investors...

Two closed jute mills: Govt releases Tk 2.75b loan to pay dues

Two closed jute mills: Govt releases Tk 2.75b loan to pay dues

FE REPORT 2020-10-21 09:57:25

The government has released more than Tk 2.75 billion as operating loan to pay workers' arrears of two closed state-owned jute mills, officials said. They are Crescent Jute Mills Co. Ltd and Rajsha...

Clueless, authorities plan potato imports to cut price

Clueless, authorities plan potato imports to cut price

FE REPORT 2020-10-21 09:36:28

The government was clueless about the abrupt potato price hike, agriculture minister Dr Mohammad Abdur Razzaque said on Tuesday, hinting at import to stop the market from getting overheated. "Our key...

Banks need to install advanced cybersecurity system: Experts

Banks need to install advanced cybersecurity system: Experts

-- 2020-10-20 21:11:12

Bangladeshi banks need to adopt an advanced cybersecurity system in line with the regulatory guidelines amid concern that the infrastructures in the country’s banking sector dangerously lags beh...

BD Finance holds boot camp programme

BD Finance holds boot camp programme

-- 2020-10-20 18:41:17

Bangladesh Finance and Investment Company Limited (BD Finance), one of the leading non-banking financial institutions (NBFI) in the country, organised an event titled ‘Scaling Up Bootcamp-2020&r...

Govt fixes retail price of potato at Tk 35 a kg

Govt fixes retail price of potato at Tk 35 a kg

FE ONLINE REPORT 2020-10-20 16:49:04

The government reviewed the maximum retail price of potato at Tk 35 a kg on Tuesday amid urgency from traders. Maximum cold storage level price has been re-fixed at Tk 27 and wholesale level price at...

Bangladesh garment workers pray for orders as pandemic shreds exports

Bangladesh garment workers pray for orders as pandemic shreds exports

REUTERS 2020-10-20 14:52:39

Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave of the coronavirus pandemic. Now watching the second wave build in Europe and the Un...

Biman resumes flight to Rome Oct 28

Biman resumes flight to Rome Oct 28

-- 2020-10-20 14:43:52

Biman Bangladesh Airlines has moved to operate a flight from Dhaka to Rome from October 28. The decision has been made as Italy has withdrawn a flight embargo for Bangladeshis with valid stay permits...

Cottage entrepreneurs display products at BSCIC fair

Cottage entrepreneurs display products at BSCIC fair

FE REPORT 2020-10-20 10:53:04

A five-day fair began on the premises of Bangladesh Small and Cottage Industries Corporation (BSCIC) headquarters at Motijheel in the city on Sunday. Some 60 small and cottage entrepreneurs are parti...

Dhaka hurries to amend labour rules, allege workers' representatives

Dhaka hurries to amend labour rules, allege workers' representatives

FE REPORT 2020-10-20 10:35:48

The government is in a hurry to amend the labour rules without considering the recommendations of workers' representatives, union leaders alleged on Monday. They also alleged the tripartite committee...

UN agencies in Dhaka seek upfront VAT exemption

UN agencies in Dhaka seek upfront VAT exemption

DOULOT AKTER MALA 2020-10-20 09:59:27

Time-consuming procedures in the VAT provisions are delaying VAT refund process to the United Nations (UN) agencies in Bangladesh. To avoid the hurdles in refund process, the UN office in Banglades...

Corona effects erode income of one-third of Bangladeshi apparel workers

Corona effects erode income of one-third of Bangladeshi apparel workers

FE REPORT 2020-10-20 09:52:37

Nearly one-third of garment workers suffered loss of earnings since the lockdown in late March this year due to the coronavirus pandemic, according to a study. Income loss forced the workers to dec...

Intel blames cartel for rice price hike

Intel blames cartel for rice price hike

SYFUL ISLAM and REZAUL KARIM 2020-10-20 09:28:09

An intelligence agency has identified a hoarding syndicate behind the rice price spiral and suggested taking stern actions against the hoarders, officials say. The agency said members of the auto ric...

Vivo V20 hits the market

Vivo V20 hits the market

FE Online Desk 2020-10-20 00:27:00

Global smartphone brand Vivo launched a new flagship smartphone of V-series, the Vivo V20, in Bangladesh. Earlier on September 9, Vivo announced the launch of this new flagship phone.  The pre-bo...

BARVIDA seeks office and entry pass for its members in Mongla Port

BARVIDA seeks office and entry pass for its members in Mongla Port

FE ONLINE REPORT 2020-10-19 20:06:32

The Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) representatives Monday urged for an office space and port entry pass for its members in Mongla port. The association...

Car registration marks drastic fall: BRTA data 

Car registration marks drastic fall: BRTA data 

FE ONLINE REPORT 2020-10-19 19:12:10

The number of car registration in the country witnessed a drastic fall in the first nine months of the current calendar year, according to an official data provided by Bangladesh Road Transport Author...

India warns Amazon, Flipkart over country of origin rule

India warns Amazon, Flipkart over country of origin rule

-- 2020-10-19 18:41:01

The Indian government has warned Amazon.com’s local unit and Walmart’s Flipkart that sellers on their platforms are not complying with a rule requiring that a product’s country of or...

Jamuna Bank Foundation opens dialysis centre in Laksam

Jamuna Bank Foundation opens dialysis centre in Laksam

-- 2020-10-19 18:07:10

An unit of Jamuna Bank Foundation Dialysis Centre was inaugurated in Laksam upazila of Cumilla recently. LGRD minister Tajul Islam inaugurated the dialysis centre during a programme as the chief gues...