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The Financial Express

Search results for: trade

Bankers suggest M&A of banks and NBFIs to face post-Covid challenges

FE REPORT May 17, 2020 10:08:19

A leading banker Saturday suggested large-scale merger and acquisition (M&A) of banks and financial institutions of the country to cope with COVID-19 pandemic challenges. Another banker while par...

Clothing retailers, vendors counting loss in peak season

Adnan Hossain Bhuiyan May 17, 2020 09:40:00

Many small businesses, specially clothing retailers, are counting loss, as the city dwellers prefer to stay home ahead of the Eid-ul-Fitr in fear of getting infected with coronavirus. Shopkeepers,...

Tax on safety gear making withdrawn

FE REPORT May 17, 2020 09:32:15

The customs authority has offered duty benefit to the local manufacturers of personal protective gears, disinfectants and masks. It has exempted import tariffs from raw materials, including filamen...

RMG workers to get 50pc of basic pay as festival allowance

FE Online Report May 16, 2020 20:23:30

Readymade garment (RMG) workers will get 50 per cent of their basic pay as festival allowance before Eid-ul-Fitr, while the rest 50 per cent will be paid after the eid. The decision was taken at a tr...

90 workers in industrial zones’ factories under IP jurisdiction affected  

FE ONLINE REPORT May 16, 2020 18:36:41

A total of 90 workers in 53 factories, located in five industrial zones under the jurisdiction of Industrial Police (IP), have so far been infected with coronavirus till Saturday. Out of the 53 fact...

Minister urges juice manufacturers to buy more mangoes this year

-- May 16, 2020 18:36:17

Agriculture Minister Dr Abdur Razzaque has urged local juice manufacturers to buy more mangoes this year as marketing of farm produces have become a big challenge at this time due to coronavirus pande...

DCCI wants waiver of port container detention charges amid lockdown

FE ONLINE REPORT May 16, 2020 17:51:14

Dhaka Chamber of Commerce & Industry (DCCI) expressed concerns over imposing container detention charge amid the ongoing lockdown in the country. Bangladesh is imposing container detention charge...

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...