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Three months that shook global markets

Three months that shook global markets

REUTERS 2020-03-30 10:37:44

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depressio...

Toyota says most Europe plants won't restart until April 20 at earliest

Toyota says most Europe plants won't restart until April 20 at earliest

Reuters 2020-03-30 10:35:16

Toyota Motor said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until further notice, with a restart expected no earlier than April 20. Wi...

Malware found in BB server, again

Malware found in BB server, again

SYFUL ISLAM 2020-03-30 10:10:40

The data server of Bangladesh Bank is again found to be at risk of cyber attack due to malware transmission, officials have said. The Bangladesh Computer Council, or BCC, has warned the central bank...

Online food delivery business takes a big hit

Online food delivery business takes a big hit

YASIR WARDAD 2020-03-30 10:08:53

Online food delivery business in the country has been going through tough times in the wake of coronavirus pandemic. Despite lucrative offers extended to customers, online food orders witnessed a d...

Sharp fall in global LNG prices: Petrobangla makes hefty profit

Sharp fall in global LNG prices: Petrobangla makes hefty profit

M AZIZUR RAHMAN 2020-03-30 09:45:59

Global spread of the coronavirus pandemic and subsequent fall in liquefied natural gas (LNG) prices in international market turned to be a 'boon' for the state-run Petrobangla. Like another major fue...

H&M won't place new orders now

H&M won't place new orders now

MONIRA MUNNI 2020-03-30 09:38:54

H&M, one of the country's largest global apparel buyers, has decided to temporarily suspend placing new orders to its listed supplier factories in Bangladesh amid the coronavirus outbreak. Sour...

Qatar Airways to continue flight operations

Qatar Airways to continue flight operations

-- 2020-03-29 16:38:07

Qatar Airways will continue flight operations as long as necessary to get stranded travellers home, Chief Executive Akbar al-Baker said on Sunday, but warned that the carrier could soon run out of cas...

BGMEA wants to export PPE after meeting local demand

BGMEA wants to export PPE after meeting local demand

-- 2020-03-29 16:27:42

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to export personal protective equipment (PPE)  after meeting domestic demand as their demand is growing across the glo...

Two Indian refiners declare force majeure on  Mideast oil supply

Two Indian refiners declare force majeure on Mideast oil supply

REUTERS 2020-03-29 12:25:37

Two Indian refiners declared force majeure on crude purchases from the Middle East on Friday after fuel demand plummeted due to a nationwide lockdown to stem the spread of coronavirus and the companie...

US turns to B'desh for protective virus gear

US turns to B'desh for protective virus gear

MIR MOSTAFIZUR RAHAMAN 2020-03-29 12:00:29

The United States wants to buy 25 types of coronavirus protective gear from Bangladesh. The US Embassy in Dhaka recently submitted a list of the items to the foreign ministry. While commenting on th...

City consumers witness short supply of few grocery items

City consumers witness short supply of few grocery items

YASIR WARDAD 2020-03-29 11:49:27

The city consumers witnessed short supply of few grocery items on Saturday, the third day of the ten-day holiday declared by the government amid coronavirus pandemic. There were shortages of pasteuri...

ICT sector wants grant, soft loan

ICT sector wants grant, soft loan

Ismail Hossain 2020-03-29 11:45:11

The country's software and information sector has sought a special compensation or grant package for the sector to run their business amid coronavirus outbreak. They also wanted a special soft loan a...

Coronavirus fallout: Ceramic industry seeks Tk 10b survival package

Coronavirus fallout: Ceramic industry seeks Tk 10b survival package

FE REPORT 2020-03-29 11:11:45

The country's ceramic ware manufacturers have requested the government to allocate an emergency fund of Tk 10 billion for them to tackle the adverse impact of coronavirus pandemic on the industry. Ba...

80pc member RMG factories closed

80pc member RMG factories closed

FE REPORT 2020-03-29 10:52:47

The majority of the country's readymade garment (RMG) factories remained closed on Saturday amid the ongoing coronavirus pandemic, according to the sector trade bodies. The workers of some factories,...

World’s largest glove maker sees shortage as coronavirus fight spikes

World’s largest glove maker sees shortage as coronavirus fight spikes

-- 2020-03-29 10:37:52

Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronav...

Poultry, fisheries, livestock sectors made tax-free

Poultry, fisheries, livestock sectors made tax-free

FE REPORT 2020-03-29 09:52:25

The National Board of Revenue, or NBR, has waived advance tax on the import of materials for producing poultry, fisheries and livestock feed to support the sector. The import of soybean meal, corn gl...

BPC pushes for cleaner fuel supply from July

BPC pushes for cleaner fuel supply from July

M AZIZUR RAHMAN 2020-03-29 09:43:52

The state-run Bangladesh Petroleum Corporation, or BPC, is in talks with global oil suppliers to ensure supply of cleaner fuel from next July. Bangladesh will be importing 0.005 per cent sulfur gas...

IPDC pays depositors’ interest in advance to help prevent spread of COVID-19

IPDC pays depositors’ interest in advance to help prevent spread of COVID-19

FE Online Desk 2020-03-28 16:00:23

IPDC Finance Limited, the first private financial institution established in 1981, has paid their depositors’ interest in advance so that they can stay relaxed and safe at their homes to prevent...

Banks to remain open in limited scale from tomorrow

Banks to remain open in limited scale from tomorrow

-- 2020-03-28 11:37:30

Banks will remain open in limited scale from tomorrow (Sunday) to facilitate the financial transaction for their clients though the government has declared general holidays from March 29 to April 2....

How the coronavirus crisis is affecting global food supply

How the coronavirus crisis is affecting global food supply

REUTERS 2020-03-28 11:16:38

Like other parts of the global economy, food supply chains have been disrupted by the coronavirus pandemic and empty supermarket shelves have become a symbol of the crisis. Are we facing food shortag...

Dairy farmers in trouble, seek govt support

Dairy farmers in trouble, seek govt support

FE REPORT 2020-03-28 10:24:37

Dairy farmers have sought immediate support from the government as they cannot sell milk due to the countrywide lockdown in the aftermath of new coronavirus. Everyday around 12 to 15 million litres o...

Kitchen markets see sharp fall in sales as customers stay indoors

Kitchen markets see sharp fall in sales as customers stay indoors

FE Report 2020-03-28 09:46:05

The kitchen markets in the city saw a sharp decline in sales on Friday, the second day of a ten-day general holiday the government announced as a preventive measure against the spread of coronavirus...

e-commerce providers can deliver goods amid lockdown

e-commerce providers can deliver goods amid lockdown

FE Report 2020-03-28 09:32:41

The government has instructed the law enforcement agencies to help the country's e-commerce providers in delivering medicines and daily essentials amid the ongoing lockdown. Digital Security Agency...

14 firms to supply LNG from spot market

14 firms to supply LNG from spot market

M AZIZUR RAHMAN 2020-03-28 09:31:18

Fourteen global firms will supply liquefied natural gas (LNG) to Bangladesh from the international spot market, as the government entered into final deals with them to import the fuel. The state-ru...

Many owners seek to run RMG units

Many owners seek to run RMG units

MONIRA MUNNI 2020-03-28 09:15:35

Many garment owners want to run production in their factories despite recommendations of closure from trade bodies concerned amid coronavirus outbreak, industry insiders said. But others seek closure...

DNCRP fines five traders of Dhaka kitchen markets

DNCRP fines five traders of Dhaka kitchen markets

FE Online Report 2020-03-27 20:55:02

The Directorate of National Consumer Rights Protection (DNCRP) officials on Friday realised Tk 17,500 as penalties from five traders on several allegations from different kitchen markets in the capita...

BKMEA instructs member factories to announce production shutdown

BKMEA instructs member factories to announce production shutdown

FE ONLINE REPORT 2020-03-27 16:41:41

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Friday instructed all its member factories to keep their units closed until April 04 amid the coronavirus outbreak. The trade bo...

Jashore poultry hatchery owners counting huge losses

Jashore poultry hatchery owners counting huge losses

-- 2020-03-27 16:19:09

The owners of poultry hatcheries in Jashore district are counting huge losses as poultry farm owners stopped buying chickens abruptly following the announcement of a 10-day general holiday amid corona...

China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown

China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown

-- 2020-03-27 15:15:59

China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns as unusual as a...

Olympics delay deals setback to Samsung's plans to win over Japan market

Olympics delay deals setback to Samsung's plans to win over Japan market

REUTERS 2020-03-27 11:54:08

For Samsung Electronics Co Ltd, the 2020 Tokyo Olympics were going to be its springboard to attain a long-held goal - making significant inroads into Japan’s lucrative smartphone market where Ap...