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Search results for: trade

Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt to lay off 1,300 employees as pandemic cripples travel

-- 2020-05-12 11:51:38

Hyatt Hotels Corp said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors. Hyatt sa...

Musk says ready for arrest as he reopens plant defying order

Musk says ready for arrest as he reopens plant defying order

Reuters 2020-05-12 11:41:01

Tesla Chief Executive Elon Musk on Monday (US standard time) said production was resuming at the automaker’s sole US vehicle factory, in California, defying an order to stay closed and sayi...

Startups striving to continue their business

Startups striving to continue their business

Saif Uddin 2020-05-12 09:26:16

Bangladesh's budding startups, which had drawn a good amount of local and foreign investments after showing potentials before COVID-19 pandemic, are now striving to continue their business, insiders h...

Robi slashes data price by 60pc for selected packages

Robi slashes data price by 60pc for selected packages

-- 2020-05-11 20:02:29

Mobile operator Robi has reduced data price by 60 per cent considering the crisis situation due to coronavirus outbreak. Robi’s Managing Director and CEO Mahtab Uddin Ahmed said despite having...

Most shopping malls remain shut

Most shopping malls remain shut

-- 2020-05-11 16:21:39

Most of the shopping malls in Dhaka remained closed on Sunday even after the government allowed limited hours reopening ahead of Eid-ul-Fitr with strict health safeguards to follow. According to bdne...

White House considers more coronavirus aid as jobs picture worsens

White House considers more coronavirus aid as jobs picture worsens

REUTERS 2020-05-11 13:23:57

The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting...

Saudi Arabia to raise VAT threefold amid 'painful' austerity measures

Saudi Arabia to raise VAT threefold amid 'painful' austerity measures

REUTERS 2020-05-11 10:26:51

Saudi Arabia is suspending the cost of living allowance and raising the value added tax threefold, as part of measures aimed at shoring up state finances, battered by low oil prices and a severe coron...

UAE, Qatar want to import BD products

UAE, Qatar want to import BD products

FE Report 2020-05-11 09:44:16

Gulf countries United Arab Emirates (UAE) and Qatar have showed interest to import various Bangladeshi products, including food and key essential items, according to a commerce ministry document. T...

Overflowing empty containers making off-docks congested

Overflowing empty containers making off-docks congested

SYFUL ISLAM 2020-05-11 09:32:53

Thousands of empty containers have created congestion at private off-docks, fast making it a taxing job for the shipping sector to fix the problem. Seventeen off-docks, located in Chattogram, are n...

COVID-19 upside: E-commerce enterprises prosper as sales boom

COVID-19 upside: E-commerce enterprises prosper as sales boom

Jubair Hasan 2020-05-11 09:25:19

E-commerce platforms that lately have been mostly trading essential products are enjoying heyday as consumers prefer virtual shopping to avoid contracting COVID-19, businesses say. The sales of such...

‘No RMG worker to be sacked until Eid-ul-Fitr’

‘No RMG worker to be sacked until Eid-ul-Fitr’

-- 2020-05-10 21:19:01

The readymade garment factory owners have agreed not to axe workers until the next Eid-ul-Fitr as the sector struggles amid the coronavirus outbreak. The Ministry of Labour and Employment made the di...

25pc workers receive wages from coronavirus relief package

25pc workers receive wages from coronavirus relief package

-- 2020-05-10 19:11:02

Factories and industries have begun paying workers their salaries for the month of April from the government’s Tk 50 billion coronavirus relief package. BGMEA officials said 25 per cent of the...

Emirates Airline records $288m profit in 2019-20

Emirates Airline records $288m profit in 2019-20

FE Online Desk 2020-05-10 15:53:20

Emirates airline has reported a profit of US$ 288 million, for the year ended on March 31, 2020, which is 21 per cent up from the previous year. During the same period, Emirate Group comprising Emira...

Motorcycle manufacturers seek financial support worth Tk 20.6b

Motorcycle manufacturers seek financial support worth Tk 20.6b

Mohammad Mufazzal 2020-05-10 14:36:40

Two associations of motorcycle assemblers and manufacturers have sought a financial support worth Tk 20.6 billion from the government to help protect the motorcycle industry. They have sought the s...

Musk threatens to move Tesla out of California

Musk threatens to move Tesla out of California

Reuters 2020-05-10 14:10:22

Tesla sued local authorities in California on Saturday (US standard time) as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla&rsq...

Non-payment of salary, dues: Thousands in SoEs starve amid pandemic

Non-payment of salary, dues: Thousands in SoEs starve amid pandemic

MIR MOSTAFIZUR RAHAMAN 2020-05-10 11:57:41

Nearly 70,000 workers and employees of state-owned jute, textiles and sugar mills are virtually starving for non-payment of salaries amid the corona outbreak. Many of them wondered why they are being...

Jute joy amid coronavirus cloud over BD exports

Jute joy amid coronavirus cloud over BD exports

-- 2020-05-10 11:48:13

In the dark and unforgiving coronavirus cloud hanging over Bangladesh's foreign income, jute exports have grown 14 per cent year-on-year to $791.3 million in the July-April period of the current fisca...

Bangladesh-India freight train service resumes

Bangladesh-India freight train service resumes

Munima Sultana 2020-05-10 09:44:53

Bangladesh Railway (BR) has started freight train service to bring in essential goods from India amid a slowdown in road-based transportation due to the coronavirus pandemic. Railway officials said t...

Hiring from BD: Many job-seekers land in trouble amid COVID-19

Hiring from BD: Many job-seekers land in trouble amid COVID-19

ARAFAT ARA 2020-05-10 09:30:16

The fate of about 150,000 workers who are in the process of going abroad with jobs has fallen uncertain as the host countries cannot receive them shortly because of the prolonged coronavirus pandemi...

Aarong reopens 14 outlets, each customer to get one hour   

Aarong reopens 14 outlets, each customer to get one hour  

-- 2020-05-09 21:12:52

With the Eid-ul-Fitr approaching, leading fashion and lifestyle brand Aarong will reopen 14 of its 21 outlets amid the coronavirus outbreak. Customers will have to register online beforehand to enter...

Daraz Seller Moitree Program commits to stand by 30,000 entrepreneurs

Daraz Seller Moitree Program commits to stand by 30,000 entrepreneurs

-- 2020-05-09 17:43:11

Due to the coronavirus pandemic sweeping across the country, the operations of many Small and Medium Enterprises (SME) came to a standstill, causing owners of these small businesses to face severe fin...

Emirates make big difference to people’s lives through innovative social initiatives

Emirates make big difference to people’s lives through innovative social initiatives

FE Online Desk 2020-05-09 12:34:53

Thanks to customer donations, the Emirates Airline Foundation used a staggering 132 million Skywards Miles last year to positively impact the lives and livelihoods of more than 90,000 people, mainly c...

Leather products and footwear sector export dips drastically

Leather products and footwear sector export dips drastically

FE DESK REPORT 2020-05-09 10:02:36

Amidst ongoing Covid 19 coronavirus pandemic, Bangladesh leather products and footwear export sector -the second highest export earner of Bangladesh - as a whole registered a decline of 77.94 per cent...

Farmers incur loss amid fall in rice, paddy prices

Farmers incur loss amid fall in rice, paddy prices

Yasir Wardad 2020-05-09 09:51:19

The country's farmers have plunged into a deep despair, as prices of both rice and paddy have started declining with the beginning of Boro harvest in full swing. Millers and traders are now on the pr...

BHBFC’s loan rescheduling facility extended to Dec 31

BHBFC’s loan rescheduling facility extended to Dec 31

SAIF UDDIN 2020-05-09 09:34:46

The state-run Bangladesh House Building Finance Corporation (BHBFC) has extended the loan rescheduling facility at reduced ratesuntil the end of this year considering the Covid-19 situation, a top off...

Steps taken to raise DAP fertiliser production

Steps taken to raise DAP fertiliser production

TALHA BIN HABIB 2020-05-09 09:28:48

The government has taken measures to increase DAP fertiliser production for boosting agriculture production aiming to help avoid possible food shortages due to coronavirus pandemic. Under the move, t...

Mango harvesting in Rajshahi to begin May 15

Mango harvesting in Rajshahi to begin May 15

-- 2020-05-08 22:41:02

The Rajshahi district administration has fixed May 15 for beginning mango harvest. At first, the Guti variety will be harvested. The harvesting date for Gopalbhog was fixed for May 20; Ranipasand an...

State-owned National Tubes returns to profit after three years

State-owned National Tubes returns to profit after three years

-- 2020-05-08 20:55:10

National Tubes Limited, the state-owned pipe manufacturer under the Bangladesh Steel and Engineering Corporation (BSEC), returned to profit in the fiscal 2019-20 after three years. “National Tu...

RMG workers start receiving salaries from stimulus package

RMG workers start receiving salaries from stimulus package

-- 2020-05-08 19:38:49

Ready-made garment (RMG) workers have started to get salaries as banks are disbursing loans for paying wages of April from the government’s stimulus package of Taka 50.00 billion. As per the ap...

Sylhet shopping malls, markets to remain shut until Eid

Sylhet shopping malls, markets to remain shut until Eid

-- 2020-05-08 19:29:22

Leaders of business organisations in Sylhet city area on Friday decided not to reopen shopping malls and markets before Eid-ul-Fitr. The meeting, presided over by Sylhet City Corporation (SCC) Mayor...