The Financial Express

Search results for: trade

Storage fees of air cargos lifted

FE REPORT 2020-05-01 09:41:14

The government has decided to waive storage charges of all imported cargos that have remained stuck in the warehouse of the national carrier Biman for delivery. The waiver will be applicable to the...

Growers-kitchen mkt price gap widens

YASIR WARDAD 2020-05-01 09:20:20

The price gap of agricultural produce between growers and kitchen markets has widened further due to supply crunch amid COVID-19 lockdown, market insiders said. According to them, vegetables are stil...

Dutch buyers won't cancel RMG orders: Dutch Minister

-- 2020-04-30 13:23:58

The Netherlands has assured Bangladesh that the Dutch buyers will not cancel or suspend their orders from the Bangladeshi readymade garment (RMG) factories. Minister for Foreign Trade and Development...

Reckitt Benckiser posts record sales on disinfectant boom

-- 2020-04-30 12:29:11

British consumer goods firm Reckitt Benckiser Plc reported record quarterly sales growth on Thursday as customers stocked up on its Lysol disinfectants, Mucinex cough syrup and Dettol soap amid the co...

Glenmark to conduct trials for potential COVID-19 drug, shares jump

REUTERS 2020-04-30 11:43:06

Shares of Glenmark Pharmaceuticals Ltd rose almost 9.0 per cent on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential t...

RMG workers to get 60pc of April wages

Monira Munni 2020-04-30 09:25:53

Garment factories that remained closed during the public holidays would pay 60 per cent of workers' gross monthly wages for April, sparking protests from labour leaders, a senior official said. The...

Sweden won't cancel garments orders

-- 2020-04-29 17:39:47

Swedish Prime Minister Stefan Lofven on Wednesday assured that his country will not cancel any garment product order from Bangladesh. "We'll continue importing RMG products from Bangladesh," he said...

BGMEA urges BB to extend MFS account opening deadline

-- 2020-04-29 17:11:39

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested Bangladesh Bank (BB) to extend application deadline of opening mobile financial service (MFS) until May 2. Accordi...

Coronavirus brews trouble for tea, disrupts supply as demand spikes

-- 2020-04-29 12:21:01

The coronavirus outbreak is causing a rare stir in the usually staid global tea market, with labour lockdowns stifling supplies just as millions in lockdown drive up demand for the beverage known for...

Google's growth slows as COVID-19 hits ads

-- 2020-04-29 10:15:38

Google reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales. The January-March earnings for Google par...

'Operational manual' a must for RMG, textile companies to contain Covid-19

Mohammad Mufazzal 2020-04-29 09:43:16

The RMG (ready-made garment) and textile companies should maintain 'operational manual' to contain the spread of COVID-19 among workers ahead of full resumption of production in the companies. Howeve...

Livestock sector hit hard by lockdown

SAJIBUR RAHMAN 2020-04-29 09:38:50

Veterinary services have virtually come to a halt across the country due to the ongoing lockdown, putting the livestock and poultry sectors at risk, according to officials and farmers. Though foot an...

Explore alternative overseas mkt for essentials, pharma products

Rezaul Karim 2020-04-29 09:32:45

The government has asked key importers to explore alternative overseas market for essentials and pharmaceutical products to ensure smooth supply of the same amid prolonged COVID-19 pandemic. It also...

Hot spices become pricier

FE REPORT 2020-04-29 09:23:44

Kitchen items like garlic, lentil, cardamom and dry chilli have become pricier further in the past two days, much to the consumers' woes this Ramadan amid lockdown. Sources said imported garlic ret...

Livestock dept facilitates sales of poultry items worth Tk 267.2m

-- 2020-04-28 21:04:58

The poultry farmers of across the country sold poultry products worth Tk 267.2 million through mobile sales centres of the Department of Livestock across the country. The farmers have sold 24,10,881...

Country-made ventilator waiting for NoC from DGHS: Palak

-- 2020-04-28 20:55:22

Walton is ready to produce ventilators and mechanical breathing devices with the technical support from the US-based medical device and solution providing company Medtronic. State Minister for ICT Di...

Ctg Port waives container storage fees until May 4

-- 2020-04-28 20:10:04

Importers do not need to pay container storage fees for clearance of goods from the Chattogram Port within May 4, the authorities said. The Chattogram Port Authority announced the waiver on Tuesday a...

Govt enlists Nagad as emergency service

-- 2020-04-28 19:09:54

The government has enlisted Nagad, Bangladesh post Office’s financial service, as emergency service. Ministry of Public Administration issued a gazette notification to this end recently, report...

BD ‘unable’ to take advantage of low oil price

-- 2020-04-28 18:01:31

Bangladesh is unlikely to be able to take advantage of the declining oil price in the global market for lack of its additional storage capacity. The global coronavirus pandemic has caused oil price t...

RMG factories to be operated with workers staying in Dhaka: Minister

-- 2020-04-28 17:13:21

Home Minister Asaduzzaman Khan on Tuesday said steps have been taken so that garment workers cannot enter Dhaka from outside as RMG factories will be operated on a limited scale with workers staying i...

Loan application deadline extends until May 2

-- 2020-04-28 16:45:06

Bangladesh Bank has extended the deadline for exporters to file applications seeking loans from the Tk 50 billion stimulus package for worker wages until May 2. According to bdnews24.com, the central...

Nokia signs multi-year deal with India’s Airtel

-- 2020-04-28 12:10:09

Nokia said on Tuesday it has won a multi-year deal with India’s third-largest telecom firm Bharti Airtel to provide equipment and services. The Finland-based telecom gear maker said the Indian...

HSBC first-quarter profit halves

-- 2020-04-28 12:02:43

HSBC Holdings PLC’s on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to rise amid the coronavirus pand...

Italy wants to reopen. Businesses ask: Where's the money?

REUTERS 2020-04-28 11:39:59

When the COVID-19 pandemic forced Roberto Ferraro to shut the patisserie he runs in Amelia, a scenic hilltop town in central Italy, he had just rented out a new site to increase production of ice crea...

TCB's OMS benefitting 25m families: MoC

FE Report 2020-04-28 10:07:41

A total of 25 million (2.50 crore) families are being benefitted from the Trading Corporation of Bangladesh's (TCB) open market sale (OMS) programme, according to the Ministry of Commerce (MoC). TCB...

CPA exempts store rent for apparel makers until May 04

FE Report 2020-04-28 09:34:23

The Chattogram Port Authority (CPA) has exempted store rent for apparel exporters until May 04, 2020 to expedite delivery of imported containers from the port. The CPA issued a circular on Monday req...

Input supply disruption takes toll on farming

YASIR WARDAD 2020-04-28 09:21:13

Disruptions to agricultural input supply amid coronavirus lockdown have been taking a heavy toll on the cultivation of seasonal crops in Bangladesh, farmers and suppliers have said. Experts have emph...

Banks can submit audited balance sheet by June 30

Siddique Islam 2020-04-28 09:20:41

The central bank has relaxed rules, allowing all the scheduled banks to submit their audited balance sheet by June 30, mainly due to spread of the coronavirus outbreak countrywide, officials said. Th...

Low demand shuts most oil-fired power plants

M AZIZUR RAHMAN 2020-04-28 09:10:13

Most of the 'expensive' oil-fired power plants are shut now due to lower electricity demand amid the ongoing countrywide shutdown to combat coronavirus pandemic. According to the state-run Bangladesh...

Shops in Dhaka to remain open until 4:00pm

-- 2020-04-27 17:38:02

Grocery stores and small shops in Dhaka will remain open until 4:00 pm as the Dhaka Metropolitan Police (DMP) have extended the shopping time by 2 hours to cope with the surging demand during Ramadan....