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The Financial Express

Search results for: trade

FBCCI won't back loan defaulters in getting stimulus package: Fahim

FBCCI won't back loan defaulters in getting stimulus package: Fahim

FE REPORT 2020-06-26 09:56:53

FBCCI President Sheikh Fazle Fahim has said the country's apex trade body would not patronise any loan defaulter in getting support from the stimulus package announced by the government amid the Covid...

Coarse rice continues uptrend   

Coarse rice continues uptrend  

YASIR WARDAD 2020-06-26 09:42:16

Coarse rice prices have continued to trend higher even during this harvest season, adding to the woes of the low-income group amid the coronavirus pandemic. Coarse rice varieties such as swarna, BR-1...

Porsche to recall 199 vehicles in China

Porsche to recall 199 vehicles in China

Xinhua 2020-06-25 17:16:38

Porsche (China) Motors Ltd will recall 199 imported vehicles from the Chinese market to prevent possible fires due to fuel leaks, according to the country's top quality watchdog. The recall, set to b...

Emirates adds Dhaka to network

Emirates adds Dhaka to network

FE Online Desk 2020-06-25 10:27:38

Emirates commenced flights for travellers to and from Dhaka on Wednesday. The airline will operate flights thrice weekly to Dhaka, allowing customers to travel between Bangladesh and various destinat...

Qantas to axe 6,000 jobs due to coronavirus pandemic

Qantas to axe 6,000 jobs due to coronavirus pandemic

-- 2020-06-25 10:11:54

Qantas will axe 6,000 jobs in a bid to stay afloat through the coronavirus pandemic, the airline says. The cuts equate to about a fifth of the airline's workforce prior to the Covid-19 crisis. In Mar...

Govt agency suggests providing cash incentives to e-commerce sector

Govt agency suggests providing cash incentives to e-commerce sector

FE REPORT 2020-06-25 10:04:17

A government agency has suggested providing cash incentives for the Covid-19 affected e-commerce sector to help them offset the impacts, officials said. It has also recommended increasing the rate of...

Rawhide of sacrificial animals: COVID could land collectors in trouble

Rawhide of sacrificial animals: COVID could land collectors in trouble

FE REPORT 2020-06-25 09:46:20

The government sat on Wednesday with the trade bodies to fix prices of rawhide of sacrificial animals ahead of Eid-ul-Azha. Traders, traders' associations and stakeholders of the two sectors attend...

Virus saps demand for petroleum products

Virus saps demand for petroleum products

M AZIZUR RAHMAN 2020-06-25 09:41:16

State-run Bangladesh Petroleum Corporation, or BPC, will import around 20 per cent lower quantity of refined petroleum products during July-December by negotiating with suppliers as the coronavirus ha...

Pandemic, shutdown impact: BD's electricity use drops by 4,000 MW

Pandemic, shutdown impact: BD's electricity use drops by 4,000 MW

FE REPORT 2020-06-25 09:32:26

Coronavirus pandemic and resultant low demand of power and energy have reduced around 4,000 MW of electricity and 300 mmcfd of natural gas consumption across the country. "Currently, the country's el...

Corporate tax cut won't benefit cos

Corporate tax cut won't benefit cos

DOULOT AKTER MALA 2020-06-25 09:13:46

Slashing of corporate tax in the budget is unlikely to help bring down the effective tax rates of companies, hamstrung by a set of new provisions. Despite the cutback on corporate tax for non-listed...

ICC gets new Chair, Vice-Chair, executive board members

ICC gets new Chair, Vice-Chair, executive board members

FE Online Desk 2020-06-24 19:50:43

The International Chamber of Commerce (ICC) has elected MasterCard CEO Ajay Banga as its Chair with immediate effect. Paris-based world business organisation, which represents 45 million member bodie...

BD launches new online marketplace for farm products

BD launches new online marketplace for farm products

FE ONLINE REPORT 2020-06-24 18:26:33

The government has launched an online agricultural market portal, hortexbazarbd.com, to boost trade of farm products during coronavirus pandemic, said officials. Agriculture minister Dr Mohammad Abdu...

China shortens negative lists for foreign investment

China shortens negative lists for foreign investment

-- 2020-06-24 17:56:03

China has unveiled new, shortened negative lists for foreign investment, as part of efforts to further open up the economy and improve its business environment amid the novel coronavirus epidemic. Th...

15 cos bid for 50MW solar plant in Feni

15 cos bid for 50MW solar plant in Feni

SYFUL ISLAM 2020-06-24 10:21:04

Fifteen Engineering Procurement Construction (EPC) companies have submitted bids for getting work on setting up of a 50-megawatt (MW) state-owned solar power plant at Sonagazi in Feni district. The c...

Money changers can renew licences without achieving business target

Money changers can renew licences without achieving business target

-- 2020-06-24 00:04:25

Money changer (MC) firms can renew their licences without fulfilling their annual business target. Bangladesh Bank in a circular on Tuesday said that considering the business situation due to the out...

“Recovery strategy the key to SME's growth”

“Recovery strategy the key to SME's growth”

FE ONLINE REPORT 2020-06-23 18:18:56

Addressing challenges related to impacts on SMEs due to COVID-19 pandemic would require an innovative and holistic approach that tackles regulatory issues, enables easier access to finance and recogni...

Jobike to launch in four areas of city

Jobike to launch in four areas of city

FE Online Report 2020-06-23 18:18:36

Jobike, an on-demand bicycle renting service, will launch in the city’s Gulshan, Banani, Baridhara and Niketan area on Wednesday aiming to provide a safe, affordable and environment-friendly rid...

FBCCI for extending deferred LC payment facilities from Indian banks

FBCCI for extending deferred LC payment facilities from Indian banks

FE Online Desk 2020-06-23 17:33:07

Sheikh Fazle Fahim, President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has urged Indian stakeholders to consider extending the deferred LC payment facilities from Indian...

WTO less downbeat on trade for 2020, more muted for 2021

WTO less downbeat on trade for 2020, more muted for 2021

REUTERS 2020-06-23 15:04:31

The World Trade Organization said on Tuesday that global merchandise trade would likely fall by less than its worst case scenario this year due to the COVID-19 pandemic, but an expected pick-up in 202...

Trump says 'China trade deal is fully intact'

Trump says 'China trade deal is fully intact'

REUTERS 2020-06-23 13:29:15

US President Donald Trump said late on Monday that the US-China trade deal is fully intact. "The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreemen...

Work on ERL unit-2 begins as general holidays end

Work on ERL unit-2 begins as general holidays end

Nazimuddin Shyamol 2020-06-23 10:10:07

CHATTOGRAM: The work on the second unit of Eastern Refinery Limited (ERL) has started again after the end of coronavirus-related general holidays. Sources said Tecnip of France, the company respons...

Omera's cylinder hits global mkt

Omera's cylinder hits global mkt

FE DESK REPORT 2020-06-23 10:06:21

Omera has started exporting LPG cylinders. The renowned LPG giant manufactured and exported the first consignment of its world-class LPG cylinders to a few companies based in Africa recently, said a...

Coronavirus hits metro rail work

Coronavirus hits metro rail work

MUNIMA SULTANA 2020-06-23 09:48:21

The metro rail authorities are facing a big challenge in checking the spread of coronovirus along its 20-kilometre open space construction site after detection of Covid-19 infection cases in one proje...

Govt urges garment owners to stop sacking

Govt urges garment owners to stop sacking

FE Report 2020-06-23 09:27:52

The government on Monday reiterated its call on garment factory owners to refrain from terminating any workers amid the coronavirus pandemic. Some 80 factories, mostly garment, had terminated aroun...

No source tax on govt securities, BB urges MoF

No source tax on govt securities, BB urges MoF

Siddique Islam 2020-06-23 09:19:24

The central bank has recommended the Ministry of Finance (MoF) not to impose the proposed source tax on the government securities, whose trading is set to start in the stock market within a couple of...

Govt to ensure financial assistance to tanners: Minister

Govt to ensure financial assistance to tanners: Minister

-- 2020-06-22 19:59:13

In an effort to boost the tannery industries ahead of the Eid-ul-Azha, the government will take necessary steps to ensure financial assistance to the traders, Industries Minister Nurul Majid Mahmud Hu...

Pandemic propels old-school bond traders towards an electronic future

Pandemic propels old-school bond traders towards an electronic future

REUTERS 2020-06-22 15:51:13

The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future - and it looks electronic. Well, mainly. At the height of...

Facebook appoints Httpool as sales partner in BD

Facebook appoints Httpool as sales partner in BD

-- 2020-06-22 13:19:23

Facebook has appointed Httpool, an International cross channel advertising network, as the authorised sales partner in Bangladesh.  Httpool can now provide support and market expertise to local...

Industrial units not following health guidelines properly

Industrial units not following health guidelines properly

Monira Munni 2020-06-22 10:47:02

Industrial units especially the small and medium-sized ones were not properly following the health safety guidelines, resulting in rising number of coronavirus infections among the workers, sources...

BD flag carrier ship back in business at Ctg port after long 10 years

BD flag carrier ship back in business at Ctg port after long 10 years

Nazimuddin Shyamol 2020-06-22 10:44:31

CHATTOGRAM: After long 10 years a Bangladeshi flag carrier ship anchored at the jetty of Chittagong port on Sunday. The Bangladeshi flag carrier ship MV Sierra will start its maritime vogue on Tues...