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Search results for: trade

Ctg port's operation being hampered

Ctg port's operation being hampered

Nazimuddin Shyamol 2020-05-15 09:33:16

Normal activities at Chittagong Port are being hampered as many importers of refrigerated containers (refer containers) are not taking delivery of the shipments on scheduled time. Port officials and...

BGMEA proposes developing virtual market platform

BGMEA proposes developing virtual market platform

Monira Munni 2020-05-15 09:25:25

Apparel sector leaders have proposed developing a virtual market platform mainly to dispose of readymade garments worth billion dollars cancelled by global buyers due to the ongoing Covid-19 pandemic....

Cement makers want refund of Tk 7.5b AIT

Cement makers want refund of Tk 7.5b AIT

Mohammad Mufazzal 2020-05-15 09:22:37

Local cement manufacturers have urged the government to refund an accumulated advance income tax (AIT) worth Tk 7.5 billion to offer a "breathing space" for the cash-strapped companies. The Banglades...

Industries minister suggests continuing works for country’s sake

Industries minister suggests continuing works for country’s sake

FE Online Report 2020-05-14 18:34:48

The Ministry of Industries (MoI) on Thursday urged its departments and industrial units concerned to continue the works for the sake of the country’s economy during the ongoing coronavirus pande...

India unveils major credit line for small businesses, lenders

India unveils major credit line for small businesses, lenders

REUTERS 2020-05-14 11:07:16

India’s government said on Wednesday it will offer nearly $60 billion of loan guarantees for small businesses, shadow banks and power companies as part of measures to combat the economic damage...

Cellphone recharge: Users go digital as 0.9m retailers fold business

Cellphone recharge: Users go digital as 0.9m retailers fold business

Ismail Hossain 2020-05-14 09:44:28

Mobile phone recharge has gone digital by up to 40 per cent from less than 15 per cent as the pandemic is increasingly pushing people into home while retail outlets are shut after lockdown. Given the...

Traders to cut spice prices

Traders to cut spice prices

FE REPORT 2020-05-14 09:34:50

The country's spice traders will reduce prices of different spices by 10-25 percentage points from the current prices in the market, according to a press statement of the commerce ministry. The decis...

98pc of internal women migrant workers lose jobs

98pc of internal women migrant workers lose jobs

Arafat Ara 2020-05-14 09:19:58

About 98 per cent of internal women migrant workers are struggling to procure sufficient food, as they have lost jobs because of the coronavirus pandemic, according to a study, conducted by BNSK. It...

Most RMG factories fall short of reopening criteria as virus lockdown unwinds

Most RMG factories fall short of reopening criteria as virus lockdown unwinds

-- 2020-05-13 20:22:33

Bangladesh has gradually rolled back the lockdown restrictions despite an escalating coronavirus outbreak, allowing garment factories to reopen on a limited scale since Apr 25, subject to their compli...

70pc of BPO sector faces obstacle due to coronavirus pandemic

70pc of BPO sector faces obstacle due to coronavirus pandemic

FE Online Report 2020-05-13 18:20:34

As many as 60 to 70 per cent small and medium BPO or outsourcing companies in the country are on the verge of collapsing due to the coronavirus pandemic, business insiders has said. Business Process...

COVID-19 pushes Chinese exporters to broadcast promotions online

COVID-19 pushes Chinese exporters to broadcast promotions online

Global Times 2020-05-13 17:27:56

The unexpected COVID-19 pandemic is pushing Chinese exporters to save their declining overseas orders by trying out livestreaming while the global spread of the virus is keeping many at home. Exporte...

e-commerce has a billion-dollar market: Minister

e-commerce has a billion-dollar market: Minister

-- 2020-05-13 17:25:23

Commerce Minister Tipu Munshi on Wednesday called upon all involved in e-commerce to maintain their service quality for creating its good image as it has a billion-dollar market. “It [e-commerc...

Govt to pave way for seasonal fruits to hit markets

Govt to pave way for seasonal fruits to hit markets

-- 2020-05-13 17:02:22

The government is exploring ways to ensure that harvest of seasonal fruits, such as mangoes and lychees, reach the markets without a hitch during the countrywide lockdown over the coronavirus outbreak...

MTB introduces Green PIN Service for MTB cardholders

MTB introduces Green PIN Service for MTB cardholders

FE Online Desk 2020-05-13 16:09:09

MTB, with a view to enhancing Green Banking and Sustainable Development, launches Green PIN for all MTB Cardholders. Green PIN is a Contact Centre IVR based, instant and secure PIN generation service...

BRAC Bank waives penal fees on DPS

BRAC Bank waives penal fees on DPS

FE Online Desk 2020-05-13 16:02:31

BRAC Bank announces it will waive all penalty fees for its DPS customers for late payment amid COVID-19 pandemic. The bank has communicated with all DPS customers.   The bank, in a continuation...

Maersk warns global container demand to shrink this year

Maersk warns global container demand to shrink this year

Reuters 2020-05-13 15:40:27

Shipping giant AP Moller-Maersk on Wednesday warned of a sharp drop in global container volumes due to the coronavirus pandemic after posting flat first-quarter revenues in line with expectations. &l...

EBL signs participation agreement with BB

EBL signs participation agreement with BB

FE Online Desk 2020-05-13 15:06:24

Eastern Bank Ltd (EBL) signed a participation agreement with Bangladesh Bank under the refinance scheme of Taka 50 million (5 crore) for pre-shipment credit. EBL DMD and Head of Corporate Banking Ahm...

Biman offers options to passengers of suspended flights

Biman offers options to passengers of suspended flights

-- 2020-05-13 12:52:55

The passengers, who bought air tickets of Biman Bangladesh Airlines but could not travel due to the suspension of flight operation amid coronavirus situation, can travel with the same tickets until Ma...

RMG products: BD seeks two-year duty-free market access to US

RMG products: BD seeks two-year duty-free market access to US

-- 2020-05-13 12:07:16

Bangladesh has sought a two-year duty-free access for its readymade garment products to the US market as the coronavirus pandemic put the major export-earning sector in trouble amid cancellations of g...

Conditions set aside for milk food import

Conditions set aside for milk food import

REZAUL KARIM 2020-05-13 09:51:47

In the wake of the COVID-19 pandemic, Bangladesh has put on hold some conditions again to facilitate the import of milk food products like baby milk, officials said. Importers can bring in all types...

UNDP launches online marketplace for COVID-19 affected SMEs

UNDP launches online marketplace for COVID-19 affected SMEs

-- 2020-05-12 22:06:49

The United Nations Development Programme (UNDP), with assistance from Ekshop of a2i, has launched Anondomela, an online marketplace so that rural and urban small businesses can get an equal opportunit...

Bangladesh, Uzbekistan to form JWG for trade, investment

Bangladesh, Uzbekistan to form JWG for trade, investment

-- 2020-05-12 20:04:44

Bangladesh and Uzbekistan have agreed to form Joint Working Group (JWG) to boost bilateral trade and investment through removing different barriers. Commerce Minister Tipu Munshi gave the information...

1,900mts rice being produced every day at BSCIC industrial areas

1,900mts rice being produced every day at BSCIC industrial areas

-- 2020-05-12 19:02:32

Bangladesh Small and Cottage Industries Corporation (BSCIC) across the country has been producing 1,900 metric tonnes rice every day. Rice mills at thirteen BSCIC industrial areas among 76 across the...

Bank Asia distributes reaper machine free at Sreenagar

Bank Asia distributes reaper machine free at Sreenagar

FE Online Desk 2020-05-12 16:14:41

To support harvesting process in labour crisis situation due to COVID-19 pandemic, Bank Asia has donated one more harvester machine to a female farmer in Sreenagar Upazila of Munshigonj district, as a...

BB requested to involve local agri credit panels in loan disbursement

BB requested to involve local agri credit panels in loan disbursement

FE ONLINE REPORT 2020-05-12 16:09:39

The Ministry of Fisheries and Livestock has requested the Bangladesh Bank (BB) to involve its existing district- and upazila-level agricultural credit committees in disbursing loans to marginal farmer...

Huawei's Eid festival campaign

Huawei's Eid festival campaign

FE Online Desk 2020-05-12 15:44:12

Huawei, the world’s leading technology company, has launched 'Eid Mubarak, Stay Connected' campaign to make the upcoming Eid festival a little bit blissful and colorful despite the lockdown sit...

Asia's pandemic stimulus may slow the demise of coal

Asia's pandemic stimulus may slow the demise of coal

REUTERS 2020-05-12 15:19:48

Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritise boosting economies crippled by the coronavirus pandemic,...

Spike in broiler chicken prices

Spike in broiler chicken prices

YASIR WARDAD 2020-05-12 13:50:33

The prices of broiler chicken, the key protein source for commoners, have witnessed a substantial hike in Dhaka city in the past few days. The item shot up to Tk 150-170 a kilogram based on areas of...

Oil prices boosted by Saudi Arabia pledge to deepen output cut

Oil prices boosted by Saudi Arabia pledge to deepen output cut

REUTERS 2020-05-12 12:59:34

Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coron...

Logitech sales rise nearly 14pc as work from home boosts demand

Logitech sales rise nearly 14pc as work from home boosts demand

Reuters 2020-05-12 12:32:04

Logitech International reported a 13.6 per cent rise in fourth-quarter (Q4) sales on Tuesday as more people used its products while working from home due to the coronavirus crisis. Logitech, whi...