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The Financial Express

Search results for: trade

UAE, Qatar want to import BD products

FE Report May 11, 2020 09:44:16

Gulf countries United Arab Emirates (UAE) and Qatar have showed interest to import various Bangladeshi products, including food and key essential items, according to a commerce ministry document. T...

Overflowing empty containers making off-docks congested

SYFUL ISLAM May 11, 2020 09:32:53

Thousands of empty containers have created congestion at private off-docks, fast making it a taxing job for the shipping sector to fix the problem. Seventeen off-docks, located in Chattogram, are n...

COVID-19 upside: E-commerce enterprises prosper as sales boom

Jubair Hasan May 11, 2020 09:25:19

E-commerce platforms that lately have been mostly trading essential products are enjoying heyday as consumers prefer virtual shopping to avoid contracting COVID-19, businesses say. The sales of such...

‘No RMG worker to be sacked until Eid-ul-Fitr’

-- May 10, 2020 21:19:01

The readymade garment factory owners have agreed not to axe workers until the next Eid-ul-Fitr as the sector struggles amid the coronavirus outbreak. The Ministry of Labour and Employment made the di...

25pc workers receive wages from coronavirus relief package

-- May 10, 2020 19:11:02

Factories and industries have begun paying workers their salaries for the month of April from the government’s Tk 50 billion coronavirus relief package. BGMEA officials said 25 per cent of the...

Emirates Airline records $288m profit in 2019-20

FE Online Desk May 10, 2020 15:53:21

Emirates airline has reported a profit of US$ 288 million, for the year ended on March 31, 2020, which is 21 per cent up from the previous year. During the same period, Emirate Group comprising Emira...

Motorcycle manufacturers seek financial support worth Tk 20.6b

Mohammad Mufazzal May 10, 2020 14:36:40

Two associations of motorcycle assemblers and manufacturers have sought a financial support worth Tk 20.6 billion from the government to help protect the motorcycle industry. They have sought the s...

Musk threatens to move Tesla out of California

Reuters May 10, 2020 14:10:22

Tesla sued local authorities in California on Saturday (US standard time) as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla&rsq...

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...