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The Financial Express

Search results for: trade

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...

IRENA, ESCAP step up efforts to support Asia-Pacific’s crisis response

FE ONLINE DESK May 06, 2020 13:33:29

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Renewable Energy Agency (IRENA) will work together to improve access to sustainable energy, bol...

Expect a bumpy recovery? Exchanges may provide an upside

REUTERS May 06, 2020 11:59:32

As market volatility has eased after the mayhem of March, investors betting on a rocky economic recovery from the coronavirus crisis are buying shares of exchanges that are poised to profit if more tu...

Buying new clothes during this Eid?

-- May 06, 2020 10:34:46

Overshadowed by the coronavirus outbreak, the Eid-ul-Fitr, the biggest religious festival of the Muslims, will be celebrated this year in a setting unlike anything the world has ever seen as worries a...

Mango, litchi growers fall into predicament

YASIR WARDAD May 06, 2020 09:42:50

The COVID-19 pandemic and subsequent lockdown have put mango and litchi growers into great trouble. Limited transportation, coupled with poor demand, has been forcing many farmers to leave mangoes...

Health safety of workers: Tough line on errant units

Monira Munni May 06, 2020 09:38:49

The government is going to take a hard line to fully enforce health guidelines in industrial units as most factories are operating amid the coronavirus pandemic. To this effect, sources said, special...

Govt favours forward contract for import of key essentials

Rezaul Karim May 06, 2020 09:33:47

The government is set to encourage 'forward contract' mechanism for import of key essential goods to avert any possible supply crisis in near future, officials said. A forward contract is anagreement...

Non-RMG sectors cry foul

FE REPORT May 06, 2020 09:30:04

Stringent procedural complexities make it difficult for non-apparel businesses to avail the relief packages intended to cushion the blow from the coronavirus pandemic. Leaders of the non-readymade ga...

Mass deportation of BD workers raises concern

Mir Mostafizur Rahaman May 06, 2020 09:28:15

With 1,635 Bangladeshi workers deported from the Middle-East (M-E) countries last week and more in the pipeline, experts call for undertaking prudent diplomatic and fiscal management to absorb economi...

Govt allows e-commerce providers to deliver foods, gadgets

-- May 05, 2020 21:46:02

The government has allowed e-commerce providers to deliver food items, books, electronic gadgets and dresses to customer's doorsteps adopting proper safety measures. The Commerce Ministry issued a n...

Fresh borrowers to pay interest for April, May

SIDDIQUE ISLAM May 05, 2020 11:31:29

Fresh borrowers will have to pay interest on all kinds of loans as usual for April and May, according to a Bangladesh Bank, or BB, notice on Monday. All the banks have been asked to transfer interest...

UK new car sales slip to lowest level since 1946

-- May 05, 2020 11:25:02

British new car sales slumped by around 97 per cent in April to the lowest level of any month since February 1946, according to preliminary data from an industry body. Lockdown measures have been in...

Vietnam earns $16.2b from exporting mobile phones in four months

-- May 05, 2020 10:46:15

Vietnam earned nearly 16.2 billion US dollars from exporting phones and components in the first four months of this year, posting a year-on-year increase of 1.1 per cent, accounting for 19.5 per cent...

2,200 garment factories seek Tk 31.5b bailout to pay wages

-- May 05, 2020 10:17:29

Around 2,200 clothing factories have applied for bank credits worth nearly Tk 31.5 billion from the government’s coronavirus bailout funds to pay workers. They sought the loans with 2 per cent...

Special parcel train service halted

FE Report May 05, 2020 09:51:39

Two days after its launch, special train service for parcel transportation on three routes of the country has stopped for not getting positive response from service recipients. However, Bangladesh Ra...

Take delivery of goods or face auction, warn Customs

Doulot Akter Mala May 05, 2020 09:42:26

The Customs authority has issued warning that imported goods would be put up for auction if the relevant parties fail to get those released on time from both sea and air ports. The Chittagong Customs...

Cumin seed prices soar on import fall

FE Report May 05, 2020 09:30:52

Cumin seed prices witnessed a notable hike in the city markets in last two days, which traders attributed to a plunge in its import. Prices of ginger, sugar and loose edible oil, however, showed a de...

BD, India emphasise on uninterrupted supply chain using railway links

-- May 04, 2020 21:03:48

Bangladesh and India on Monday emphasised on finding new and innovative ideas to keep the supply chain running with much importance on exploring railway links. Supply chain between Bangladesh and Ind...

Trade suspended through Benapole port

-- May 04, 2020 16:22:14

Trade between neighbours India and Bangladesh through the Benapole port has remained suspended from Monday due to the movement of the Trinamool Congress, the ruling party in West Bengal state of India...

Pandemic slams global factories, activity sinks to new lows

REUTERS May 04, 2020 16:18:43

Factory activity was ravaged across the world in April, business surveys showed, and the outlook looked bleak as government lockdowns to contain the new coronavirus pandemic froze global production an...

Narsingdi wholesale clothing market reopens as Eid nears

-- May 04, 2020 16:16:17

Bangladesh's biggest wholesale clothing market at Baburhat in Narsingdi district has reopened prior to the Eid-ul-Fitr with some curbs amid the nationwide lockdown designed to limit the coronavirus sp...

Emirates keeps its fleet fit to take to the skies

FE Online Desk May 04, 2020 15:10:30

While the world is eagerly waiting for the air travel to resume, Emirates is busy protecting and readying the world’s largest all wide-body fleet to take to the skies.  Emirates Engineerin...

Trump admin pushing to rip global supply chains from China: Officials

REUTERS May 04, 2020 14:16:50

The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronaviru...

Manpower agencies to get 50pc security money

FE REPORT May 04, 2020 09:58:24

The Ministry of Expatriates' Welfare and Overseas Employment (MEWOE) has decided to return 50 per cent of the security money to manpower recruiting agencies on condition to meet current crisis caused...