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The Financial Express

Search results for: trade

HSBC launches ‘Joy of giving’ to bring 100,000 smiles

HSBC launches ‘Joy of giving’ to bring 100,000 smiles

FE Online Desk 2020-05-19 20:11:46

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh on Tuesday launched a corporate sustainability campaign under its ‘Joy of Giving’ platform in partnership with the Minist...

JTIB mobilies fund to help 60,000 people during pandemic

JTIB mobilies fund to help 60,000 people during pandemic

-- 2020-05-19 17:37:34

Japan Tobacco International Bangladesh has mobilised a special COVID-19 fund to provide essential food and hygiene items to 60,000 people of underprivileged communities as well as protective gears to...

Banks in industrial areas to remain open May 22, 23

Banks in industrial areas to remain open May 22, 23

-- 2020-05-19 16:55:15

Banks have been asked to continue operation on Friday (May 22) and Saturday (May 23) in the industrial areas to facilitate payment of wages to garment workers before Eid and also continue export impor...

GP pays Tk 10b more to BTRC

GP pays Tk 10b more to BTRC

-- 2020-05-19 16:48:09

Private mobile operator Grameenphone (GP) on Tuesday deposited another Tk 10 billion to Bangladesh Telecommunication Regulatory Commission (BTRC) as ordered by the apex court. BTRC Chairman Jahurul H...

Vietnam targets e-commerce turnover reaching $35 billion by 2025

Vietnam targets e-commerce turnover reaching $35 billion by 2025

REUTERS 2020-05-19 16:01:23

Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian...

e-CAB urges member organisations to maintain quality services

e-CAB urges member organisations to maintain quality services

FE ONLINE REPORT 2020-05-19 15:32:31

The leaders of e-Commerce Association of Bangladesh (e-CAB) have called upon its members for maintaining the quality of services ahead of Eid ul-Fitr celebration. In a statement on Tuesday, e-CAB Pre...

JTI Bangladesh initiatives for Covid-19 response   

JTI Bangladesh initiatives for Covid-19 response  

FE Online Desk 2020-05-19 15:22:07

Japan Tobacco International Bangladesh is providing support that is directly benefitting approximately 60,000 people across Bangladesh. A special COVID-19 fund has been mobilized to provide essentia...

Apparel sector leaders place demands as next budget approaches

Apparel sector leaders place demands as next budget approaches

FE ONLINE REPORT 2020-05-19 14:58:05

Apparel sector leaders placed a number of demands, including continuation of the existing rate of source tax and corporate tax, to help sustain competitiveness in global markets, as the next budget dr...

UK urged to continue RMG imports from BD through creating fund

UK urged to continue RMG imports from BD through creating fund

-- 2020-05-19 14:13:09

State Minister for Foreign Affairs Md Shahriar Alam has suggested that the UK may take the initiative of creating a COVID-19 fund which can be used to bail out the UK brands/retailers so that they can...

Trade deficit drops slightly in July-Feb

Trade deficit drops slightly in July-Feb

FE ONLINE REPORT 2020-05-19 13:01:30

Country’s merchandise trade deficit with the rest of the world declined slightly in the first eight months (July-February) of the current fiscal year (FY20). The latest statistics on balance of...

Bapex on lookout for int’l partners to develop viable onshore gas wells

Bapex on lookout for int’l partners to develop viable onshore gas wells

M AZIZUR RAHMAN 2020-05-19 12:38:49

State-run Bapex is looking for international partner or partners to develop half a dozen dried, suspended and abandoned onshore gas wells in Sylhet and Chattogram regions under joint venture (JV) to r...

BSMA seeks Tk 30b loan from stimulus package

BSMA seeks Tk 30b loan from stimulus package

FE Report 2020-05-19 11:21:05

The steel sector in Bangladesh has incurred approximately Tk 30 billion losses in March-April this year due to a drastic fall in demand and halt in steel production for coronavirus pandemic. Banglade...

Overcapacity to up power sector's fiscal loss: Study

Overcapacity to up power sector's fiscal loss: Study

FE REPORT 2020-05-19 11:01:27

Growing overcapacity of Bangladesh's power sector will increase its financial loss following a significant fall in electricity demand amid the prevailing Covid-19 pandemic, a new study has revealed....

Govt approves mega purchase plan for TCB

Govt approves mega purchase plan for TCB

Rezaul Karim 2020-05-19 10:55:42

The government has approved a mega purchase plan for Trading Corporation of Bangladesh (TCB) aiming to supply essential commodities to the people at affordable prices and help stabilise the market d...

Spl parcel service: BR reduces 25pc fare

Spl parcel service: BR reduces 25pc fare

FE REPORT 2020-05-19 10:31:48

Bangladesh Railway (BR) has cut rental charge for special parcel train service to make transportation of local agricultural products attractive to farmers. Since the service was launched on three rou...

Coronavirus hits Bangladeshi freelancers, outsourcing sector hard

Coronavirus hits Bangladeshi freelancers, outsourcing sector hard

-- 2020-05-19 10:25:05

When coronavirus spread to developed countries and led to the shutdown of many companies, freelancers and outsourcing companies in Bangladesh started feeling the pinch as work orders fell drastically,...

Refined oil supply: Indian corp. on track to win bid

Refined oil supply: Indian corp. on track to win bid

M AZIZUR RAHMAN 2020-05-19 09:49:50

Indian Oil Corporation, or IOC, is set to be a major supplier of refined petroleum products to Bangladesh as it has emerged as the most suitable bidder to supply half a million tonnes of fuel. The In...

Cargo handling suspended at outer anchorage of Ctg port

Cargo handling suspended at outer anchorage of Ctg port

Nazimuddin Shyamol 2020-05-19 09:40:23

CHATTOGRAM: Cargo handling has been suspended at the outer anchorage of Chittagong seaport following weather alert-2 issued by the Chittagong Port Authority (CPA) on Monday. As the cyclonic storm '...

46 units seek support from RMG Central Fund

46 units seek support from RMG Central Fund

FE REPORT 2020-05-19 09:20:44

Some 46 garment factories have sought financial support from the RMG Central Fund to pay wages for March to their workers, officials said. Expressing their inability to pay, the factories filed app...

IOC set to be major supplier of petroleum products to Bangladesh

IOC set to be major supplier of petroleum products to Bangladesh

M AZIZUR RAHMAN 2020-05-18 19:57:38

Indian Oil Corporation (IOC) is set to be a major supplier of refined petroleum products to Bangladesh as it emerged as the best bidder to supply half a million tonne oil on close of a BPC tender. In...

NOVOAIR offers free tickets for health professionals

NOVOAIR offers free tickets for health professionals

-- 2020-05-18 19:32:31

NOVOAIR, a private airline of the country, offered free air tickets for the doctors and healthcare professionals who are involved with the treatment of coronavirus infected patients. More than 3,000...

GP to deposit Tk 10b to BTRC

GP to deposit Tk 10b to BTRC

-- 2020-05-18 16:45:06

Private mobile operator Grameenphone (GP) said it will deposit Tk  Tk 10 billion (1,000 crore) to Bangladesh Telecommunication Regulatory Commission (BTRC) within May 31 as ordered by the apex co...

BCCCI distributes aid among lower-income people in Gazipur

BCCCI distributes aid among lower-income people in Gazipur

FE ONLINE DESK 2020-05-18 13:39:44

Bangladesh China Chamber of Commerce and Industry (BCCCI) along with the Anhui Love Charity Foundation on Monday distributed aid in 1200 packages among lower-income people at the Sreepur Pilot High Sc...

Alibaba's Jack Ma quits from SoftBank board

Alibaba's Jack Ma quits from SoftBank board

-- 2020-05-18 12:08:12

SoftBank Group Corp on Monday said that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. The departure of Ma, who retired as...

Apple reopening 25 more US stores, will soon top 100 worldwide

Apple reopening 25 more US stores, will soon top 100 worldwide

-- 2020-05-18 11:51:14

Apple Inc will this week reopen more than 25 of its branded stores in the United States, the company said on Sunday, continuing a gradual process that has unlocked doors at nearly a fifth of its world...

China Harbour provides foodstuffs for 2000 families in Tangail

China Harbour provides foodstuffs for 2000 families in Tangail

FE Online Desk 2020-05-18 11:41:11

China Harbour Engineering Company Ltd has made further donation of foodstuffs for two thousand poor families affected by COVID-19 pandemic in Tangail-1 constituency. Harun-ar-Rashid Hira, Chairman of...

Bankers’ special incentive facility ends May 29

Bankers’ special incentive facility ends May 29

-- 2020-05-18 11:08:22

Bangladesh Bank has revoked the special incentives for the bankers announced for working with physical presence in banks during the general holidays. Cancelling the benefits, the central bank in a ci...

Jute ministry's uplift work to continue

Jute ministry's uplift work to continue

FE REPORT 2020-05-18 10:39:09

Textiles and jute ministry has asserted its participation in the country's ongoing development work for the sake of economy amid the coronavirus pandemic. It also asserted its continued support to ju...

Govt set to extend waiver period as liners oppose

Govt set to extend waiver period as liners oppose

 Jasim Uddin Haroon 2020-05-18 09:44:01

The country's maritime regulator is set to extend its restrictions on realising container detention charge for the entire shutdowns period, despite opposition from the shipping sector lobbyists. The...

Govt draws up plan as demand sags

Govt draws up plan as demand sags

FE REPORT 2020-05-18 09:37:34

The government is going to take a set of measures immediately to ensure smooth transportation and marketing of seasonal fruits this peak harvesting season amid the pandemic. Ensuring fair prices fo...