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Search results for: trade

Kamal skirts query about adjusting oil prices

Kamal skirts query about adjusting oil prices

FE REPORT 2020-08-20 09:39:42

Finance minister AHM Mustafa Kamal on Wednesday neatly sidestepped a question of adjusting fuel oil price in the domestic market following its price slump globally. "There is a line ministry to look...

Apple first US company to be valued at $2.0t

Apple first US company to be valued at $2.0t

-- 2020-08-19 22:38:35

Apple is the first US company to boast a market value of $2.0 trillion, just two years after it became the first to reach $1.0 trillion, reports AP. Apple shares have gained nearly 60 per cent this...

BPC to purchase 150,000 metric tonnes of marine fuel

BPC to purchase 150,000 metric tonnes of marine fuel

-- 2020-08-19 19:33:03

The Cabinet Committee on Government Purchase has approved three proposals including two separate ones for procuring a total of 150,000 metric tonnes of marine fuel. The approval came from the 19th me...

Global trade may drop to historic low in Q2: WTO

Global trade may drop to historic low in Q2: WTO

FE Online Report 2020-08-19 15:50:50

World merchandise trade may decline to a historic low in the second quarter of 2020, according to the latest reading of the World Trade Organization (WTO) WTO’s Goods Trade Barometer, released...

PizzaExpress to close down 73 UK outlets as rental costs turn unviable

PizzaExpress to close down 73 UK outlets as rental costs turn unviable

-- 2020-08-19 13:22:07

PizzaExpress has decided to close 73 of its 449 UK restaurants due to coronavirus lockdowns and higher costs, a move that one of the country’s best known restaurant chains said would impact 1,10...

Emirates network expands to 74 cities, including six in US

Emirates network expands to 74 cities, including six in US

FE Online Desk 2020-08-19 13:21:23

Emirates will resume passenger services to Birmingham (1 September), Cebu (20 August), and Houston (23 August) bringing the airline’s network to 74 destinations, including 6 in US. Flights betw...

Beverage sales drop in Bangladesh

Beverage sales drop in Bangladesh

-- 2020-08-19 12:13:15

The demand for beverages has come down sharply in the country due to coronavirus (Covid-19) pandemic despite the scorching hot. According to business insiders, the demand for beverages dropped immens...

Coronovirus, lack of irrigation hit tea production in Ctg

Coronovirus, lack of irrigation hit tea production in Ctg

Nazimuddin Shyamol 2020-08-19 10:06:01

CHATTOGRAM: The production of tea in Chattogram zone in the last seven months has declined, compared to the same period last year, largely due to the coronavirus outbreak and lack of irrigation in t...

Korea keen to build another bridge over Meghna

Korea keen to build another bridge over Meghna

MUNIMA SULTANA 2020-08-19 10:05:57

Korea has shown interest in constructing another bridge over the River Meghna connecting Bhulta-Araihazar of Dhaka with Banchharampur of Chattogram under the modality of government-to-government publi...

Move underway to introduce export certification system

Move underway to introduce export certification system

FE Report 2020-08-19 09:57:12

A move is underway to introduce a certification system in the name of 'health certificate' for export of some food consignments especially halal food items to meet the demand of importers of such Ba...

India plans to sell cotton to Bangladesh

India plans to sell cotton to Bangladesh

FE Report 2020-08-19 09:50:11

India plans to raise its cotton export to Bangladesh aiming to reduce its bulging reserves following a decrease in demand from textile mills there. According to a Hindustan Times report published on...

Starbucks Korea cuts capacity, delays promotion after Covid-19 cluster

Starbucks Korea cuts capacity, delays promotion after Covid-19 cluster

-- 2020-08-18 16:20:15

Starbucks Corp’s South Korean unit is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and delaying a promotional campaign after 50 cases were linked to one of...

Marks & Spencer to cut 7,000 jobs

Marks & Spencer to cut 7,000 jobs

Reuters 2020-08-18 16:12:38

Marks & Spencer will cut a further 7,000 jobs, it said on Tuesday, as the Covid-19 crisis deals another blow to Britain’s beleaguered retail sector. “It is clear that there has b...

From Africa to America, businesses and insurers face survival showdowns

From Africa to America, businesses and insurers face survival showdowns

REUTERS 2020-08-18 15:53:16

Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his Cov...

China says firmly opposes US suppression of Huawei

China says firmly opposes US suppression of Huawei

Reuters 2020-08-18 15:13:54

China said on Tuesday it firmly opposes US suppression of Huawei Technologies Co, after the Trump administration announced it would further tighten restrictions on the company. Chinese foreign minist...

SIBL inaugurates ATM Booth at Ittefaq Moor

SIBL inaugurates ATM Booth at Ittefaq Moor

FE ONLINE DESK 2020-08-18 14:52:32

Social Islami Bank Limited (SIBL) has inaugurated an ATM Booth at Ittefaq Moor in Dhaka. Mohammad Forkanullah, SEVP & Manager was present at the inaugural ceremony on Monday, says a media release...

New US sanctions to slam Huawei, further roil tech supply

New US sanctions to slam Huawei, further roil tech supply

REUTERS 2020-08-18 14:07:04

Ramped-up US restrictions on Huawei are likely to cut off the Chinese smartphone maker’s access to even off-the-shelf chips and disrupt the global tech supply chain once again, executives and ex...

Pandemic forces Malaysian palm industry to rethink reliance on foreign labour

Pandemic forces Malaysian palm industry to rethink reliance on foreign labour

REUTERS 2020-08-18 09:53:36

Malaysia’s palm oil producers are embarking on a rare recruitment drive to hire locals and accelerating industry mechanisation as they grapple with a severe shortage of foreign labour due to the...

Matarbari deep-sea port: Project work in full swing

Matarbari deep-sea port: Project work in full swing

NAZIMUDDIN SHYAMOL 2020-08-18 09:50:32

CHATTOGRAM: Work on the long-awaited dream deep-sea port project at Matarbari in Cox's Bazar is going on in full swing. To this effect, the government has already appointed a project director (PD)...

Move to build dormitory for migrant workers in city

Move to build dormitory for migrant workers in city

FE REPORT 2020-08-18 09:45:22

The government has made an initiative to build a dormitory for migrant workers in Dhaka city, according to officials concerned. The workers who have no suitable living place in the capital to stay fo...

Govt forms probe body, ministries trade blame

Govt forms probe body, ministries trade blame

FE Report 2020-08-18 09:38:28

The ministries concerned pointed fingers at each other over the incident of 68 Bangladeshi migrant workers' forced return from Abu Dhabi airport. The Ministry of Expatriates' Welfare and Overseas Emp...

Padma bridge: Uncertainty grips work for erosion, Covid-19

Padma bridge: Uncertainty grips work for erosion, Covid-19

MUNIMA SULTANA 2020-08-18 09:32:34

River erosion and the ongoing coronavirus pandemic have made work on the long-awaited Padma bridge uncertain for an indefinite period, sources said. The project office predicts that the June 2021 dea...

'ADR mechanism can help save banks from risk profiling during pandemic'

'ADR mechanism can help save banks from risk profiling during pandemic'

FE Report 2020-08-18 09:29:07

Speakers at an online discussion said alternative dispute resolution (ADR) mechanism can help save the banking industry from risk profiling during the Covid-19 pandemic. They also stressed the need f...

Google criticises Australian law forcing tech firms to pay for news

Google criticises Australian law forcing tech firms to pay for news

-- 2020-08-17 19:05:05

Alphabet Inc’s Google on Monday said a proposed antitrust law in Australia forcing tech firms to pay for news that appears on their social media websites would adversely impact individual conten...

BB extends deadline for stimulus execution for CMSMEs

BB extends deadline for stimulus execution for CMSMEs

FE ONLINE REPORT 2020-08-17 18:55:35

Bangladesh Bank (BB) on Monday has extended the deadline for execution of the stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) by two months. As per decision, the deadli...

Pandemic takes toll on trade through Nakugaon land port

Pandemic takes toll on trade through Nakugaon land port

-- 2020-08-17 14:41:34

Revenue for state coffers through Nakugaon, in the northern bordering district of Sherpur, has been badly hit by the COVID-19 pandemic, with international trading activities at the land port still onl...

India plans air bubble deal with Bangladesh

India plans air bubble deal with Bangladesh

FE ONLINE DESK 2020-08-17 14:28:04

India is planning to start air transport bubbles with Bangladesh in order to get around land travel restrictions triggered by the coronavirus pandemic, Indian media reports. Air travel bubbles are te...

Covid-19: Chevron distributes 8,800 relief packs to communities

Covid-19: Chevron distributes 8,800 relief packs to communities

-- 2020-08-17 13:35:16

Chevron’s Bangladesh companies have implemented a multi-phase relief distribution effort to help communities living around Chevron’s gas fields in Bangladesh. Between May and July, Chevro...

Toronto joins Emirates’ A380 network

Toronto joins Emirates’ A380 network

FE Online Desk 2020-08-17 12:59:54

Emirates customers now can experience the luxury services of the airline’s Airbus A380, while travelling to Toronto. The airline resumed its A380 operations to city on 16 August. Toronto is the...

KTO to discuss tourism opportunities with Bangladeshi partners Tuesday

KTO to discuss tourism opportunities with Bangladeshi partners Tuesday

-- 2020-08-17 12:15:22

Korea Tourism Organization (KTO), in association with TravTalk, will host an exclusive webinar for the Bangladesh travel trade on Tuesday. This first-ever webinar by KTO for the Bangladesh trade will...