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Search results for: trade

Uber offers discounted trips to 2.5m UK health workers

Uber offers discounted trips to 2.5m UK health workers

-- 2020-04-27 16:37:36

Uber is offering discounted journeys to health and care workers in Britain from Wednesday, as it extends the scope of a service set up in Madrid last month to cover more than 4 million frontline worke...

Countries, companies risk billions in race for coronavirus vaccine

Countries, companies risk billions in race for coronavirus vaccine

REUTERS 2020-04-27 15:19:34

In the race to develop a vaccine to end the COVID-19 pandemic, governments, charities and Big Pharma firms are sinking billions of dollars into bets with extraordinarily low odds of success. They&rsq...

Emirates enhances refund capability to meet present demand

Emirates enhances refund capability to meet present demand

FE Online Desk 2020-04-27 14:47:00

Emirates has ramped up its capability to process refunds to its customers and travel trade partners impacted by travel disruptions caused by the COVID-19 pandemic. With nearly half a million refund r...

RBI announces Rs 500 billion special liquidity window for mutual funds

RBI announces Rs 500 billion special liquidity window for mutual funds

REUTERS 2020-04-27 13:37:40

The Reserve Bank of India (RBI) is opening a special liquidity facility of up to 500 billion rupees ($6.6 billion) to help mutual funds tide over a severe liquidity strain imposed by the coronavirus p...

Motorcycle industry seeks Tk 20b as working capital

Motorcycle industry seeks Tk 20b as working capital

FE Report 2020-04-27 09:09:54

The country's motorcycle industry has sought financial assistance and policy support from the government to pay salaries and wages for three months, according to a press statement. Bangladesh Motorcy...

Importers for waiving fines of ports and shipping agencies

Importers for waiving fines of ports and shipping agencies

-- 2020-04-26 19:59:58

The importers urged the government to waive fines as they couldn’t unload their goods from the port within the stipulated time due to existing general holiday and absence of normal customs clear...

When oil became waste: A week of turmoil for crude, and more pain to come

When oil became waste: A week of turmoil for crude, and more pain to come

REUTERS 2020-04-26 15:13:36

The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of US oil futures, which had never dropped below $10 a barrel in its nearly 40-year history...

Nine state-owned jute mills resume partial operation

Nine state-owned jute mills resume partial operation

-- 2020-04-26 12:28:58

The operations of nine state-owned jute mills in Khulna and Jashore regions started partially on Sunday morning after a month-long closure amid the coronavirus outbreak. The workers will have to main...

MFIs seek Tk 225b refinance fund

MFIs seek Tk 225b refinance fund

Ismail Hossain 2020-04-26 10:12:25

The country's microfinance institutions, or MFIs, have sought Tk 225 billion refinancing fund as stimulus package to overcome the economic losses from the coronavirus pandemic. Credit and Development...

Biman starts first flight to Guangzhou in May

Biman starts first flight to Guangzhou in May

Kamrun Nahar 2020-04-26 10:08:22

National flag carrier Biman Bangladesh Airlines has finally got approval to operate flights to Guangzhou of China. Managing Director of Biman Bangladesh Airlines Mokabbir Hossain confirmed this to th...

Crowded customs stations pose virus risk

Crowded customs stations pose virus risk

DOULOT AKTER MALA 2020-04-26 09:08:49

Tax officials are finding it difficult to maintain physical distancing in the customs houses due to congested premises, exposing them to coronavirus contraction. After the government resumed full-fle...

China eases restrictions on exports of some coronavirus equipment

China eases restrictions on exports of some coronavirus equipment

Reuters 2020-04-25 22:18:54

China is dropping a requirement that a number of key virus treatment products get regulatory approval before export, as long as they are approved in the importing countries, the commerce ministry said...

RMG units reopen Sunday in limited capacity

RMG units reopen Sunday in limited capacity

-- 2020-04-25 21:08:36

A segment of export-oriented readymade garment factories will reopen on Sunday in a limited capacity with a minimum number of workers, especially those who are living in the adjacent areas. Industry...

Google to make verification mandatory for all advertisers

Google to make verification mandatory for all advertisers

-- 2020-04-25 19:35:59

Google has said all advertisers would have to complete a verification process before buying ad space on its platform. The search engine giant took the decision in a bid to make its ad practices more...

Ginger, garlic witness abnormal price hike in capital

Ginger, garlic witness abnormal price hike in capital

-- 2020-04-25 16:35:23

The price of ginger, an essential kitchen item, has shot up to Tk 300 from Tk 170 per kg within a week in the capital due to what traders said supply crunch. Insiders said there is a huge stock of gi...

India, Pakistan ease restrictions for some small businesses amid lockdown

India, Pakistan ease restrictions for some small businesses amid lockdown

REUTERS 2020-04-25 14:09:54

The Indian government allowed a limited reopening of shops in neighbourhoods and residential areas from Saturday, more than a month after the nation went into a lockdown to curb the spread of the coro...

Emirates to support Australian exports

Emirates to support Australian exports

FE Online Desk 2020-04-25 13:02:34

Emirates SkyCargo, the freight division of Emirates, will be working with the Australian government to facilitate exports of Australian produce to overseas markets including the Middle East. The air...

EIF to track pandemic impact on LDCs’ trade, economy

EIF to track pandemic impact on LDCs’ trade, economy

FE ONLINE REPORT 2020-04-25 12:19:51

The Enhanced Integrated Framework (EIF), a dedicated multilateral partnership platform to support the poorest countries in trade, has set up a dedicated webpage to examine the impacts of the COVID-19...

IMF, WTO chiefs for lifting trade bars on food and medical supplies

IMF, WTO chiefs for lifting trade bars on food and medical supplies

FE ONLINE REPORT 2020-04-25 11:55:19

Heads of two international bodies on finance and trade in a joint statement on Friday urged the governments of different countries to refrain from imposing trade restrictions on key medical supplies a...

BR moves to provide its employees with incentives

BR moves to provide its employees with incentives

Munima Sultana 2020-04-25 11:13:19

Bangladesh Railway (BR) has taken a move to provide its thousands of employees with incentives in recognition of their service during the period of coronavirus pandemic. BR has suspended all its pa...

Don’t ask RMG workers to return to Dhaka until further notice: BGMEA

Don’t ask RMG workers to return to Dhaka until further notice: BGMEA

FE Online Report 2020-04-25 09:23:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Friday night directed its member factories not to ask workers who are in their villages to return to Dhaka until factory opening d...

Bahrain to send back 347 workers this week

Bahrain to send back 347 workers this week

Arafat Ara 2020-04-25 09:02:39

Bahrain is going to send back 347 Bangladeshi workers, including detainees, this week, sources in the Bangladesh embassy in Manama said. Of them, 300 Bangladeshis were released from jail by the Bah...

TCB scraps licences of 700 dealers for breaching rules

TCB scraps licences of 700 dealers for breaching rules

FE Report 2020-04-25 08:58:25

Trading Corporation of Bangladesh (TCB)has cancelled licences of around 700 dealers for breaching the terms and conditions of the contracts, officials said. Besides, regulatory action against the d...

BB forms Tk150b refinance scheme for big industries, services sector

BB forms Tk150b refinance scheme for big industries, services sector

FE REPORT 2020-04-25 08:41:08

The central bank has formed a new refinance scheme worth Tk 150 billion to facilitate large industries and services sector which are being affected by the Coronavirus outbreak. The participating bank...

BARVIDA condoles death of Saadat Hussein

BARVIDA condoles death of Saadat Hussein

FE Online Desk 2020-04-25 06:52:07

Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has condoled the death of Dr Saadat Hussein, the former cabinet secretary and also an ex-chairman of National Board of Rev...

Nagad will provide Tk 500,000 to COVID-19 infected employee

Nagad will provide Tk 500,000 to COVID-19 infected employee

-- 2020-04-24 20:14:42

Bangladesh Post Office’s mobile financial service Nagad will provide up to Tk 500,000 for treatment if any of its entrepreneurs, distributors and salespersons become positive for coronavirus. N...

‘Quality of services not possible without additional spectrum’

‘Quality of services not possible without additional spectrum’

-- 2020-04-24 20:01:06

Three mobile phone operators — Robi, Banglalink and Teletalk– have confessed their inability to offer quality of services without additional spectrum allocation on emergency basis in this...

Bangladesh, 38 other countries notify virus-linked export bars to WTO

Bangladesh, 38 other countries notify virus-linked export bars to WTO

FE Online Report 2020-04-24 19:44:39

Eighty countries and customs territories have so far introduced export prohibitions or restrictions to fight the COVID-19 pandemic. A new report, prepared by the Secretariat of the World Trade Organi...

India's new foreign investment rules worry Chinese investors

India's new foreign investment rules worry Chinese investors

REUTERS 2020-04-24 12:58:42

India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s mos...

Software industry fears $1.0b loss due to virus pandemic

Software industry fears $1.0b loss due to virus pandemic

Mir Mostafizur Rahaman 2020-04-24 09:43:08

The country's software development and information technology sector has estimated that it would suffer a loss of US$ 1.0 billion unless the situation emerged due to coronavirus pandemic becomes norma...