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The Financial Express

Search results for: trade

Rice, paddy procurement witnesses poor progress

Rice, paddy procurement witnesses poor progress

YASIR WARDAD 2020-06-18 09:50:03

The government's rice and paddy procurement drive has seen poor progress due to satisfactory prices of the grain in the mainstream market, said insiders. The directorate general of food (DGoF) could...

BD workers in KSA go unpaid for months

BD workers in KSA go unpaid for months

ARAFAT ARA 2020-06-18 09:43:02

Many Bangladeshi workers staying in Saudi Arabia have not been getting due wages for months, thus living in reduced circumstances during this coronavirus pandemic. Talking to the FE, some workers sai...

Large number of general audit objections nulled automatically

Large number of general audit objections nulled automatically

FE REPORT 2020-06-18 09:40:00

A significant number of general audit objections was nulled automatically through an order issued to help strengthen the office of the Comptroller and Auditor General (CAG) of Bangladesh, officials...

Website on Parachute Just For Baby launched

Website on Parachute Just For Baby launched

FE Online Desk 2020-06-17 21:38:47

Marico Bangladesh Limited has recently launched a website under Parachute Just for Baby brand that would serve as an informative web platform for parents regarding safe baby care. This will act as a r...

BD defers two LNG cargoes as demand fell due to Covid-19

BD defers two LNG cargoes as demand fell due to Covid-19

FE Online Report 2020-06-17 19:49:42

Bangladesh has deferred two LNG cargoes having the capacity of carrying 138,000 cubic meters of LNG each as nationwide lockdown to combat the coronavirus pandemic has dented domestic demand of natural...

Visa to establish office in BD

Visa to establish office in BD

-- 2020-06-17 18:57:09

Visa Inc, a leader in payments technology, on Wednesday unveiled its plans to establish a country liaison office in Dhaka. The new office, expected to be established by year end will staff a team of...

HSBC revives plan to axe 35,000 jobs, memo shows

HSBC revives plan to axe 35,000 jobs, memo shows

-- 2020-06-17 13:48:37

HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed. The bank will a...

Raw materials for face shields: Govt mulls exempting all import duties

Raw materials for face shields: Govt mulls exempting all import duties

FE REPORT 2020-06-17 11:08:02

The government is considering exemption of all related duties excepting VAT on the import of raw materials for producing face shields locally. Officials said the initiative has been made to encourage...

Aid sought as shrimp sector sliding into deep crisis

Aid sought as shrimp sector sliding into deep crisis

FE DESK REPORT 2020-06-17 10:42:26

Shrimp sector stakeholders and industry leaders have appealed to the government of Bangladesh to help the shrimp industry as it is sliding into a deep crisis due to the ongoing global Covid-19 pandemi...

Return submission on imports in five days: CCCI's call to reverse Finance Bill measure

Return submission on imports in five days: CCCI's call to reverse Finance Bill measure

OUR CORRESPONDENT 2020-06-17 09:59:15

Chattogram Chamber of Commerce and Industry (CCCI) called upon Finance Minister A H M Mostafa Kamal not to execute the amendment on fixation of submission of return on imported goods within five day...

Credit rating companies to let Bangladeshi firms access foreign loans

Credit rating companies to let Bangladeshi firms access foreign loans

-- 2020-06-16 21:09:12

Two Hong Kong based credit rating companies have begun working in Bangladesh from Tuesday to provide assistance to banks, financial institutions and business houses for getting credit from abroad. In...

BSTI revokes licenses against eight products

BSTI revokes licenses against eight products

FE ONLINE REPORT 2020-06-16 18:39:23

Bangladesh Standards and Testing Institution (BSTI) has revoked the licenses of eight products of six companies due to the expiry of the license. The licenses have been cancelled in accordance with S...

BB allows banks to issue international debit cards

BB allows banks to issue international debit cards

FE Online Report 2020-06-16 18:02:14

The central bank of Bangladesh has issued a guideline allowing banks to issue international debit cards (IDCs) in favour of eligible persons against their annual travel entitlements. Under the provis...

Prime Bank, BASIS join hands to finance MSMEs

Prime Bank, BASIS join hands to finance MSMEs

FE Online Report 2020-06-16 16:54:29

Prime Bank Ltd on Tuesday announced an alliance with Bangladesh Association of Software and Information Services (BASIS) to finance micro, small and medium enterprises (MSMEs) under the ICT sector. B...

US companies can work with Huawei on 5G, other standards: Commerce Dept

US companies can work with Huawei on 5G, other standards: Commerce Dept

REUTERS 2020-06-16 15:59:39

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on US companies doing business with China's Huawei to allow them to work together on setting standards for ne...

Uber launches '‘Uber Connect’ package delivery service

Uber launches '‘Uber Connect’ package delivery service

-- 2020-06-16 15:04:17

Uber has announced the launch of a new package delivery service called ‘Uber Connect,’ for Dhaka residents amid the coronavirus pandemic. “Residents will be able to send and receive...

Loan taken by TCB hits record high this fiscal

Loan taken by TCB hits record high this fiscal

Rezaul Karim 2020-06-16 10:14:17

The volume of loan taken by Trading Corporation of Bangladesh (TCB) has hit a record high of around Tk 2.60 billion in the outgoing fiscal year, sources said. The state-run agency took the loan to su...

Broiler chicken, coarse rice prices go up

Broiler chicken, coarse rice prices go up

FE Report 2020-06-16 09:53:34

The prices of broiler chicken and coarse rice have increased in the city markets, hitting the commoners hard. The price of broiler chicken showed a downtrend after Eid-ul-Fitr festival last month. Bu...

Banks in commercial areas of red zones to remain open

Banks in commercial areas of red zones to remain open

FE Online Report 2020-06-15 22:34:46

The central bank has asked scheduled banks to keep open all branches located in commercial areas of both Dhaka and Chattagram from 10:00am to 3:00pm, even if the areas are identified as red zones.&nbs...

Sheikh Fazle Fahim elected new SAARC CCI VP

Sheikh Fazle Fahim elected new SAARC CCI VP

FE Online Desk 2020-06-15 21:37:51

Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has been elected the new Vice President of SAARC Chamber of Commerce and Industry (CCI). The CCI...

Pandemic hits women-owned MSMEs hard with reduced demand, disrupted supply chains

Pandemic hits women-owned MSMEs hard with reduced demand, disrupted supply chains

FE Online Report 2020-06-15 20:27:50

The ongoing corornavirus pandemic has hit hard the women owned MSMEs with reduced demand, disrupted supply chains and worsening access to finance and marketing, speakers said. They suggested diversif...

Audi to launch three new model cars in June

Audi to launch three new model cars in June

FE ONLINE DESK 2020-06-15 15:50:52

Audi Bangladesh is set to launch three new model cars – the Audi A6, Q3, and Q8 – this June in the country. The new model cars will be available at Progress Motors Imports Limited, the...

Ctg commoners unaware of budget

Ctg commoners unaware of budget

Nazimuddin Shyamol 2020-06-15 11:22:51

Most of the commoners in Chattogram, especially the low-income group or the commonest of commons, have no idea about the proposed national annual budget. They are worried about unusual hiking of pric...

Coronavirus onslaught delays Kanchan well drilling

Coronavirus onslaught delays Kanchan well drilling

M AZIZUR RAHMAN 2020-06-15 10:47:13

The onslaught of coronavirus is delaying drilling of an exploratory well by India's ONGC Videsh Ltd, or OVL, at Kanchan under shallow sea block SS-04. The Indian firm has already informed state-run P...

Ride-sharing cos in a fix due to BRTA's bar to resume service

Ride-sharing cos in a fix due to BRTA's bar to resume service

SM Najmus Sakib 2020-06-15 09:45:37

The ride-sharing companies in the country are apparently in a crisis over recommencing their operation, as the Bangladesh Road Transport Authority (BRTA) remains strict to its decision in this regard....

Non-classification of loans: FBCCI requests BB to extend time until Dec

Non-classification of loans: FBCCI requests BB to extend time until Dec

FE REPORT 2020-06-15 09:45:37

The country's apex trade body has requested the central bank to extend the existing time for non-classification of loans by six months to December, 2020 considering the Covid-19 pandemic, sources said...

Local steel building manufacturers for duty-free raw material import

Local steel building manufacturers for duty-free raw material import

FE Online Report 2020-06-14 18:22:49

Steel building makers on Sunday urged the government to allow the local companies to import duty free raw materials for further flourishment of the industry. They also called on the government to red...

BR halts plan to run more trains now

BR halts plan to run more trains now

FE Report 2020-06-14 10:43:11

The Bangladesh Railway (BR) has held up its plan to resume services of 16 more trains on different routes due to poor number of passengers in the trains that have resumed operation since May 31. Ea...

Vegetables get costlier

Vegetables get costlier

FE Report 2020-06-14 10:25:19

The prices of vegetables and green chilli increased notably in the city market in last few days, hitting the consumers' pockets. Traders attributed the hike to the damage of crops caused by the las...

HCQ imports from India rise sharply

HCQ imports from India rise sharply

Rezaul Karim 2020-06-14 09:47:04

The Bangladesh mission in New Delhi has requested the government to keep watch on the situation as import of some medicines including hydroxychloroquine and its API from India has increased significan...