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The Financial Express

Search results for: trade

BR losing Tk 40-50m every day amid COVID-19 outbreak

-- April 05, 2020 20:19:55

Bangladesh Railway (BR) is losing Tk 40-50 million in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government su...

Medical products account for 5.0pc of global trade

FE Online Report April 05, 2020 19:30:07

World imports of medical products totalled U$1,011 billion in 2019, a 5.0 per cent increase from 2018. Together with exports, Global trade of medical products is estimated at $2.0 trillion which is a...

India restricts export of diagnostic testing kits

-- April 05, 2020 17:31:49

India is restricting the export of most diagnostic testing kits, as coronavirus cases in the South Asian nation topped 3,350 on Sunday despite a three-week nationwide lockdown to slow the spread of th...

Changan Ford to recall 48,933 sedans in China

-- April 05, 2020 17:11:57

Changan Ford Automobile Co. will recall 48,933 sedans from the Chinese market over safety concerns, according to the country's top quality watchdog. The recall, set to begin on April 7, will involve...

DIFE asks owners not to lay off workers during virus crisis

-- April 05, 2020 16:51:42

Several factory owners are planning to continue operations by trimming their workforces in a bid to offset the economic implications of the coronavirus crisis, according to the Department of Inspectio...

CUFL resumes production after 13 months

-- April 05, 2020 16:50:42

Chattogram Urea Fertilizer Factory Limited (CUFL) has resumed its production after 13 months of closure due to mechanical defects and gas crisis. The largest fertiliser factory of South Asia began it...

China Harbour stands beside Corona-hit people

-- April 05, 2020 16:30:36

China Harbour Engineering Company Ltd (CHEC) donated food and coronavirus (COVID-19) prevention stuff among the poor families in Mirsarai Upazila of Chattogram district.  These families are badl...

Using IT services can help cut work loss in pandemic

 Saif Uddin April 05, 2020 10:02:43

Optimum use of different information technology (IT) services can help offset the work loss of professionals to some extent amid the prevailing social distancing regime in the wake of Covid-19 pandemi...

Virus to put a dent in overseas employment

FE Report April 05, 2020 09:53:56

The country's overseas employment sector would face a blow for a long period of time due to coronavirus pandemic, according to a prediction by RMMRU. It said the inward remittances might decline in c...

Dairy farmers bear brunt of shutdown

SM NAJMUS SAKIB April 05, 2020 09:32:02

The recent government instruction to support the livestock sector, including dairy farmers, during the ongoing countrywide shutdown has hardly benefited the marginal dairy farmers, insiders have said....

Women entrepreneurs may face setback due to virus pandemic

Munima Sultana April 05, 2020 09:26:02

Women entrepreneurs are likely to face major hit in their businesses centring coronavirus pandemic in the country due to lack of adequate back up strength as they have already missed major business se...

Savar RMG units reopen today

Monira Munni April 05, 2020 09:03:36

Garment factories will remain open from today (Sunday) only at Savar off the city despite the ongoing shutdown amid the coronavirus pandemic, sources said. Considering the overall situation, Banglade...

Perishables take toll on farmers

YASIR WARDAD April 05, 2020 08:24:45

Poor demand amid the virtual lockdown has hit hard the farmers as they are forced to sell perishable items at much low rates than their production costs. The shutdown has taken its toll on vegetables...

PRAN-RFL Group stands by poor people

FE Online Desk April 04, 2020 18:13:58

PRAN-RFL Group, one of the business conglomerates of Bangladesh has stood beside the helpless and poor people who have been affected by the lockdown due to coronavirus outbreak. The group is providin...

BB fixes 5pc LC margin for baby food import

-- April 04, 2020 18:10:32

Bangladesh Bank (BB) has instructed the commercial banks to allow maximum 5 per cent letter of credit (LC) margin for baby food import on the basis of bank-client relationship to ensure sufficient sup...

Rosatom to sterilise over 58m medical masks using radiation

FE Online Desk April 04, 2020 14:49:07

Sterion, a part of Rusatom Healthcare, has signed a contract with Delrus to sterilise more than 58 million medical masks using radiation technology. Rusatom Healthcare is a concern of Russia's state a...

Restaurateurs in virus doldrums

ADNAN HOSSAIN BHUIYAN April 04, 2020 08:18:09

The restaurant and fast food industry in Dhaka city is in dire straits following closure of eateries amid a state directive to prevent the spread of coronavirus. Most outlets here were shut since the...

Dairy farmers still counting losses despite govt assurance

SM Najmus Sakib April 03, 2020 21:34:52

The recent government instruction of facilitating livestock sector, including dairy farmers, during countrywide lockdown has hardly benefited local marginal dairy farmers. As a result, the country&rs...

BCCCI distributes aids among homeless people

-- April 03, 2020 19:49:04

Bangladesh China Chamber of Commerce & Industry (BCCCI) distributed aids among some helpless people at Khilgao Model College in the capital’s Khilgaon area on April 02, 2020. The aids were...

OPEC, allies plan biggest ever oil production cut

-- April 03, 2020 17:21:59

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10 per cent of global supply, an OPEC source said after US President Donald Trump called on oil nations t...

New office-bearers of France-Bangladesh Chamber

FE Online Desk April 03, 2020 16:34:51

Syed Mahmudul Huq has been elected as the new president of France Bangladesh Chamber of Commerce & Industry for a two year term (2020-2022) recently. Mr. Huq is the Vice Chairman of the Board of...

‘Trouble in export-oriented units to affect domestic entities’

FE ONLINE REPORT April 03, 2020 12:28:15

As the country’s export-oriented industries are in deep trouble due to the global spread of the deadly coronavirus, it will also affect the domestics industries negatively, observed a business l...

Emirates resumes first passenger flights following temporary suspension

FE Online Desk April 03, 2020 12:10:14

Emirates has received approvals to carry passengers on certain flights. Effective from Monday, initial flights will commence from Dubai to London Heathrow, Frankfurt, Paris, Brussels and Zurich, with...

Uber to start shipping car disinfectants to drivers

Reuters April 03, 2020 10:27:25

Uber will begin shipping disinfecting car spray to selected drivers in areas most affected by the coronavirus outbreak, an executive said on Thursday (US standard time). The company had promised to s...

Coronavirus fallout: ICC, WTO call for more business dialogue

FE Online Desk April 03, 2020 10:07:29

World Trade Organization Director General Roberto Azevêdo and International Chamber of Commerce Secretary-General John Denton have called for more dialogue with business to maximise the effectiv...

Lockdown hitting telcos hard

Ismail Hossain April 03, 2020 09:28:25

The countrywide lockdown due to COVID-19 pandemic is taking its toll on local telecom sector, as most of the mobile phone top-up stores are closed during the critical situation. According to the data...

Coronavirus fallout: Millers meeting local clothing demand seek fund support

MONIRA MUNNI April 03, 2020 08:35:07

Textile mills those are meeting the local clothing demand have sought a bailout package as they could not sellout their products due to the ongoing shutdown amid coronavirus outbreak. Textile fabric...

Container congestion likely to hamper port operations

NAZIMUDDIN SHYAMOL April 03, 2020 08:27:32

Container congestion at Chattogram seaport may hamper overall port operations soon as imported cargoes cannot be delivered within schedule. Restrictions on the movement of container carriers, lorries...

Edible oil, flour, dry chilli prices surge

FE REPORT April 03, 2020 08:20:49

Prices of some consumables like loose edible oil and flour, and dry chilli witnessed a hike this week, adding to the commoners' woes during the ongoing corona-induced holidays. Supply disruptions, ho...

Bank transaction time extended by one hour

FE REPORT April 03, 2020 08:16:05

The central bank has asked all the scheduled banks to extend transaction hours for customers by one hour during the government-announced general holidays to help stop coronavirus transmission. The ba...