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The Financial Express

Search results for: trade

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...

Govt to import 0.8m tonnes of fertiliser in next FY

FE Report May 04, 2020 09:42:42

The government will import over 0.8 million tonnes of fertiliser during the next fiscal year (FY) 2020-2021 to meet its demand in the country, according to an official document of the agriculture mi...

BB relaxes loan policy for foreign-owned companies

-- May 03, 2020 19:35:54

The Bangladesh Bank (BB) has relaxed regulations for foreign-owned companies operating in Bangladesh to get short-term working capital loans from their parent companies or shareholders abroad. &ldquo...

BSTI moves to fast-track clearance service for imported goods

FE ONLINE REPORT May 03, 2020 16:31:40

The authority of Bangladesh Standard and Testing Institution (BSTI) has moved to provide a quicker clearance service for imported goods during the ongoing coronavirus pandemic, an official said. Unde...

Unilever Bangladesh supports ICDDR,B’s Covid-19 response

FE ONLINE DESK May 03, 2020 16:04:57

Unilever Bangladesh Limited (UBL) is supporting International Centre for Diarrhoeal Disease Research, Bangladesh (ICDDR,B) to strengthen the latter’s ongoing Covid-19 emergency response. To thi...

Singapore looks to ramp up factory activities as virus curbs ease

REUTERS May 03, 2020 14:32:21

Singapore will progressively ramp up its manufacturing activities, its minister of trade and industry said on Sunday, with the city-state looking to restart its economy as coronavirus curbs start to e...

Govt working to import spot LNG from H2 0f '20

FE REPORT May 03, 2020 12:09:09

The energy ministry is now working on a mechanism to initiate importing liquefied natural gas (LNG) from international spot market to rip the benefit of 'price crash.' Several committees are now invo...

Blowouts in Chhatak gas field: Niko told to pay damages

M AZIZUR RAHMAN May 03, 2020 10:08:04

A global dispute settlement body has made Canadian oil firm Niko liable for two consecutive gas field blowouts at Tengratila in northeastern Chhatak gas field in 2005. The ruling by the International...

Real estate sector, linkage units in a fix

Saif Uddin May 03, 2020 09:56:51

The country's real estate sector is now facing a serious blow, as all activities related with the sector have been suspended for a long period due to Covid-19 pandemic, industry people have said. The...

Raid in Malaysia: Undocumented BD migrants risk deportation

Arafat Ara May 03, 2020 09:40:59

Bangladeshi workers staying in Malaysia without proper documents are in danger of being arrested and deported by the Malaysian authorities. The Malay government raided and arrested a good number of f...

Grameenphone customers to remain active even if account validity expires

-- May 02, 2020 23:02:38

Amidst the ongoing shutdown over the coronavirus outbreak, Grameenphone customers, whose connection validity already expired on April 20 or is set to expire in the first week of May, will remain activ...

Infections among RMG workers increasing as factories breaching health guidelines

FE Online Report May 02, 2020 22:43:00

The number of coronavirus infected workers in readymade garment (RMG) factories is increasing as many of the units are running their operations breaching health guidelines. According to the guidelin...

Domestic flights to resume from May 8 if COVID-19 situation improves: CAAB

-- May 02, 2020 17:33:43

Civil Aviation Authority of Bangladesh (CAAB) on Saturday directed all the airlines to take preparations for resuming domestic flights on May 8. “Permission to resume domestic flights from May...

Solar module manufacturers demand Tk 5b stimulus

-- May 02, 2020 16:45:58

Solar module manufacturers have demanded sought a Tk 5.00 billion stimulus package from the government to overcome the crisis impacts of coronavirus outbreak. Appreciating the Prime Minister for stim...

BRAC Bank enhances services to support community amid COVID-19

FE ONLINE DESK May 02, 2020 15:02:45

BRAC Bank has proactively enhanced and tailored its services and products to support its customers during the coronavirus pandemic. The bank is actively engaging with regulators to support all custom...

Global experts call for workers’ safety measures

FE Online Report May 02, 2020 11:17:08

A global right group has called on Bangladesh government to address the health and safety, economic and social impact of Covid-19 on workers. IndustriALL Global Union, representing more than fifty mi...

Coronavirus forces 109 Japanese companies into bankruptcy

-- May 01, 2020 20:15:53

More than 100 businesses in Japan have gone bankrupt during the novel coronavirus pandemic as plummeting tourist numbers and the ‘stay home’ campaign have hammered revenues, a research ins...

BGMEA’s health and safety audit finds 144 factories 'satisfactory'

-- May 01, 2020 19:54:08

Conducting health and safety audit in the last four days, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has so far found 144 factories in satisfactory level amid the concern of CO...

Emirates helps maintain food supplies into UAE

FE Online Desk May 01, 2020 16:00:36

Emirates SkyCargo, freighter division of Emirates airline, has utilised the cargo capacity on its Boeing 777 freighter and Boeing 777-300ER passenger freighter aircraft to help maintain and reple...

Trade through Benapole port resumes after one month 

-- May 01, 2020 10:41:58

Export-import activities through Benapole Land Port resumed on Thursday afternoon after a month-long pause following the coronavirus outbreak. “Four trucks full of jute seeds entered Bangladesh...

Shipping lines told not to levy container detention charges

SYFUL ISLAM May 01, 2020 10:09:32

The Department of Shipping (DoS) has asked the shipping lines not to realise container detention charge on import and export shipments during the lockdown period, spurred by COVID-19 outbreak. The...

Urgent cash support sought for shrimp farmers

FE REPORT May 01, 2020 09:45:03

Country's shrimp farmers have urged the government to give due consideration to the pressing needs of the shrimp sector. "We specially urge the government to provide cash grants to shrimp farmers aga...

Unrest over wage erupted 444 times in 374 factories last month  

MONIRA MUNNI May 01, 2020 09:42:35

A total of 444 incidents of labour unrest took place in 374 factories including RMG in April this year in different industrial zones across the country mainly over non-payment of wages, official data...

Storage fees of air cargos lifted

FE REPORT May 01, 2020 09:41:14

The government has decided to waive storage charges of all imported cargos that have remained stuck in the warehouse of the national carrier Biman for delivery. The waiver will be applicable to the...

Growers-kitchen mkt price gap widens

YASIR WARDAD May 01, 2020 09:20:20

The price gap of agricultural produce between growers and kitchen markets has widened further due to supply crunch amid COVID-19 lockdown, market insiders said. According to them, vegetables are stil...

Dutch buyers won't cancel RMG orders: Dutch Minister

-- April 30, 2020 13:23:58

The Netherlands has assured Bangladesh that the Dutch buyers will not cancel or suspend their orders from the Bangladeshi readymade garment (RMG) factories. Minister for Foreign Trade and Development...

Reckitt Benckiser posts record sales on disinfectant boom

-- April 30, 2020 12:29:12

British consumer goods firm Reckitt Benckiser Plc reported record quarterly sales growth on Thursday as customers stocked up on its Lysol disinfectants, Mucinex cough syrup and Dettol soap amid the co...

Glenmark to conduct trials for potential COVID-19 drug, shares jump

REUTERS April 30, 2020 11:43:06

Shares of Glenmark Pharmaceuticals Ltd rose almost 9.0 per cent on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential t...

RMG workers to get 60pc of April wages

Monira Munni April 30, 2020 09:25:53

Garment factories that remained closed during the public holidays would pay 60 per cent of workers' gross monthly wages for April, sparking protests from labour leaders, a senior official said. The...

Sweden won't cancel garments orders

-- April 29, 2020 17:39:48

Swedish Prime Minister Stefan Lofven on Wednesday assured that his country will not cancel any garment product order from Bangladesh. "We'll continue importing RMG products from Bangladesh," he said...