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The Financial Express

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British retailer Next suspends production orders with Myanmar factories

British retailer Next suspends production orders with Myanmar factories

-- 2021-04-02 15:48:57

Britain's Next on Thursday joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of February's military coup. Myanmar has been ro...

India wields oil 'weapon' to cut dependence on Saudi

India wields oil 'weapon' to cut dependence on Saudi

REUTERS 2021-04-02 15:36:12

When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a messa...

Ensuring RMG workers’ safety would be top priority, Forum panel vows

Ensuring RMG workers’ safety would be top priority, Forum panel vows

MONIRA MUNNI 2021-04-02 12:26:54

The Forum panel contesting the upcoming election of the BGMEA for the term of 2021-23 would give top priority to ensuring RMG workers’ safety amid the emergence of second wave of Covid-19 pandem...

Sammilita Parishad panel vows to turn challenges into opportunities amid pandemic

Sammilita Parishad panel vows to turn challenges into opportunities amid pandemic

MONIRA MUNNI 2021-04-02 12:24:58

The Sammilita Parishad panel vying in the BGMEA election for the term of 2021-23 vowed to turn the challenges surfaced due to the Covid-19 pandemic into opportunities. “Every challenge creates...

Dhaka may appoint business consultants in markets abroad

Dhaka may appoint business consultants in markets abroad

Rezaul Karim 2021-04-02 11:09:06

The government has initiated a process to appoint business development consultants in different countries to help boost exports through diversification of the market, officials said. They said such c...

Apparel makers turn to labour ministry for running factories with full workforce

Apparel makers turn to labour ministry for running factories with full workforce

Monira Munni 2021-04-02 10:46:16

The apex apparel sector trade-body - BGMEA - has formally informed the government about its stance regarding operating factories with full workforce on the grounds of ensuring timely shipment of order...

China Sinovac says it reached two billion doses annual capacity for vaccine

China Sinovac says it reached two billion doses annual capacity for vaccine

Reuters 2021-04-02 09:39:09

China’s Sinovac Biotech said on Friday its third production plant for its Covid-19 vaccine was ready and had started manufacturing procedures for bulk vaccine ingredient, doubling its annual cap...

BGMEA, SREDA sign MoU to increase use of renewable energy in RMG sector

BGMEA, SREDA sign MoU to increase use of renewable energy in RMG sector

FE Online Report 2021-04-01 19:12:21

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Sustainable and Renewable Energy Development Authority (SREDA) have signed a Memorandum of Understanding (MoU) to increase the us...

IDLC approves 15pc cash and 5.0pc stock dividend

IDLC approves 15pc cash and 5.0pc stock dividend

-- 2021-04-01 18:01:29

The 36th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Wednesday March 31, 2021 virtually by using digital platform in compliance with the directives set by Bang...

Startup Bangladesh to invest Tk 1.0b in local startups

Startup Bangladesh to invest Tk 1.0b in local startups

FE Online Report 2021-04-01 16:33:01

Startup Bangladesh Ltd has launched the ‘Shoto Borshe Shoto Asha’ to invest Tk 1.0 billion in 50 startups this year. The company announced the first series of investments in seven startup...

ZEE5 Global wins ‘Content Delivery Platform of the Year’ award

ZEE5 Global wins ‘Content Delivery Platform of the Year’ award

-- 2021-04-01 16:04:11

ZEE5 Global, the largest OTT platform won the prestigious ‘Content Delivery Platform of the Year’ award at the 17th edition of the Digital Studio Awards in Dubai recently. The honour is gi...

Serai to facilitate Bangladesh garments

Serai to facilitate Bangladesh garments

-- 2021-04-01 15:53:32

Hong Kong and Shanghai Banking Corporation (HSBC), a global bank, has floated a data-powered platform named Serai to help businesses grow and connect globally. It has started to connect digitally the...

Volkswagen admits marketing prank

Volkswagen admits marketing prank

Reuters 2021-04-01 11:26:44

Volkswagen AG’s US unit issued a false news release claiming it would rename its US operations as “Voltswagen of America” in a marketing stunt designed to call attention to its elect...

Global auto recovery to take more hits from Japan chip plant fire

Global auto recovery to take more hits from Japan chip plant fire

Reuters 2021-04-01 10:08:40

A recent fire at a Japanese semiconductor factory and severe weather in parts of the United States in February have exacerbated an ongoing chip shortage plaguing the global auto industry, data firm IH...

Scrap cargoes unberthed at Chittagong port

Scrap cargoes unberthed at Chittagong port

NAZIMUDDIN SHYAMOL 2021-04-01 09:03:12

CHATTOGRAM: Local steelmakers are in a tight corner for failing to unload imported scrap for adequate berths at Chittagong port, thus causing higher prices of rod and steel goods. The ships loaded...

Seven Bangladeshi startups get Tk 150m in financing

Seven Bangladeshi startups get Tk 150m in financing

FE Report 2021-04-01 08:56:53

Seven Bangladeshi startups on Wednesday received venture capital investment worth Tk 150 million from a state owned financing platform dedicated to the startups. The fund is the first series of inv...

Chinese envoy focuses on FTA, currency swap

Chinese envoy focuses on FTA, currency swap

FE REPORT 2021-04-01 08:48:42

Chinese Ambassador to Dhaka Li Jiming said China and Bangladesh should emphasise signing a free trade agreement (FTA) and currency swap deal for taking ahead their existing relationship of bilateral...

Exporters seek interim solution until re-fixation of apparel wastage limit

Exporters seek interim solution until re-fixation of apparel wastage limit

DOULOT AKTER MALA 2021-04-01 08:41:42

Apparel exporters have sought an interim arrangement to get rid of hassle and penalty of the customs authority until re-fixation of the minimum limit of wastages in manufacturing knitwear. They all...

'Bangladesh provides growth opportunities for Korean investors '

'Bangladesh provides growth opportunities for Korean investors '

-- 2021-03-31 22:59:30

HSBC Bangladesh, in partnership with BIDA, BEZA, South Korean Embassy in Bangladesh and Bangladesh Embassy in South Korea organised a webinar themed ‘Bangladesh-Korea Business Corridor: Stakehol...

Formal investigation begins into how ship got stuck on Suez Canal   

Formal investigation begins into how ship got stuck on Suez Canal  

REUTERS 2021-03-31 17:25:30

Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin on Wednesday, a canal o...

ICC Bangladesh holds workshop for bankers

ICC Bangladesh holds workshop for bankers

-- 2021-03-31 17:12:51

ICC Bangladesh arranged a workshop on commercial letters of credit, demand guarantees and bank payment obligations for the bankers recently in Dhaka. A total of 100 participants from 29 banks includi...

Cisco unveils gear to cope with increased data traffic for homeworking

Cisco unveils gear to cope with increased data traffic for homeworking

-- 2021-03-31 12:58:15

Cisco Systems Inc has announced new products to help mobile network operators manage increased data traffic generated by homeworking because of the pandemic and as the 5G rollout connects billions mor...

Investors press companies on human rights in China's Xinjiang

Investors press companies on human rights in China's Xinjiang

-- 2021-03-31 11:29:09

A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the c...

Older Asians' small firms in US hardest hit by pandemic

Older Asians' small firms in US hardest hit by pandemic

-- 2021-03-31 11:21:58

The coronavirus pandemic dealt a heavy blow to small businesses owned by older Americans from minority groups, and Asian-owned firms were particularly hard hit by closures and revenue declines, accord...

Compliance certificate for exporting crab, eel mandatory under Chinese protocol

Compliance certificate for exporting crab, eel mandatory under Chinese protocol

REZAUL KARIM 2021-03-31 10:52:52

Export consignments of live crabs and eels to China will not be allowed without 'clinical compliance certification' by the state veterinary office, according to a protocol prepared by a Chinese author...

Humaira set to be first woman top executive of private bank

Humaira set to be first woman top executive of private bank

FE REPORT 2021-03-31 10:11:55

Humaira Azam is set to become the first top woman executive officer of a private commercial bank in the country. The Board of Directors of the Trust Bank Limited on Monday gave her the appointment as...

Bangladesh, UK set to ready platform for trade talks

Bangladesh, UK set to ready platform for trade talks

FE REPORT 2021-03-31 09:01:44

Bangladesh and the United Kingdom (UK) are set to establish a platform for holding trade and investment related dialogues to facilitate future trading relationships between the two countries, offici...

General consultant appointed for studying another metro rail

General consultant appointed for studying another metro rail

MUNIMA SULTANA 2021-03-31 08:55:21

A consortium of companies has been appointed as a general consultant to carry out the feasibility study, detailed design and procurement work for another metro rail planned to be constructed from Gabt...

Apparel units to run with full workforce amid corona restrictions

Apparel units to run with full workforce amid corona restrictions

FE REPORT 2021-03-31 08:52:59

Country's readymade garment (RMG) industry will operate with full workforce through strictly following the health safety protocols issued by the government on Monday. The government imposed again a...

Oil price falls as Suez Canal opens, dollar rallies

Oil price falls as Suez Canal opens, dollar rallies

Reuters 2021-03-31 08:40:55

Oil prices slid more than 1 per cent on Tuesday as the Suez Canal reopened to traffic and the US dollar rallied. Investors shifted focus to the upcoming OPEC+ ministerial meeting on Thursday, where a...