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The Financial Express

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COVID-19 vaccine patent waiver talks could still take months

COVID-19 vaccine patent waiver talks could still take months

REUTERS 2021-05-06 19:43:39

Joe Biden threw his support behind waiving intellectual property rights for COVID-19 vaccines in a sharp US reversal, but it could take months for the World Trade Organisation (WTO) to hammer out any...

Ministry’s mobile shops see sale of Tk 2.04b in a month

Ministry’s mobile shops see sale of Tk 2.04b in a month

UNB 2021-05-06 18:02:27

Meat, fish, egg, milk and other dairy products worth Tk 2.04 billion were sold in a month through the mobile sale activities of the Ministry of Fisheries and Livestock that started on April 5. Mobile...

Benapole Customs opens new software to ease export-import

Benapole Customs opens new software to ease export-import

OUR CORRESPONDENT 2021-05-06 10:19:28

BENAPOLE: Benapole Customs House has opened a new software called 'Becom' aimed at making import-export trade dynamic, preventing revenue evasion and restoring transparency in taxes. This is the fi...

Bangladesh urged to ratify ILO Convention 190

Bangladesh urged to ratify ILO Convention 190

FE REPORT 2021-05-06 09:49:39

Bangladesh should set a stipulated time to ratify the ILO Convention 190 to rid the workplace of harassment and violence, speakers said during a webinar on Wednesday. They suggested that the governme...

Non-bonded direct exporters struggle to source raw material

Non-bonded direct exporters struggle to source raw material

FE Report 2021-05-06 09:40:47

A good number of direct garment exporters are facing difficulties in producing their goods as they are failing to source raw materials from local suppliers because of not having bonded warehouse licen...

Banking, stock trading hours extended

Banking, stock trading hours extended

-- 2021-05-05 18:27:37

The authorities have extended banking and stock trading hours after the government extended the coronavirus lockdown. Banks will be allowed to handle transactions until 2:00 pm, while stock trading c...

Walton TV offers ‘Eid Mega Sale’ with special discounts

Walton TV offers ‘Eid Mega Sale’ with special discounts

-- 2021-05-05 18:21:07

Local electronic giant Walton has offered ‘Eid Mega Sale’ with lucrative discount facility on its android and smart and LED television. Under the ‘Eid Mega Sale’, customers ca...

Nagad hands over PPE  to RAB

Nagad hands over PPE  to RAB

-- 2021-05-05 17:54:21

Nagad has handed over more than a thousand pieces of personal protection equipment (PPE) to the Rapid Action Battalion (RAB) to keep the elite force safe in the ongoing pandemic. The mobile financial...

bKash offers up to 40pc instant cashback on Eid shopping

bKash offers up to 40pc instant cashback on Eid shopping

-- 2021-05-05 17:19:41

Customers will enjoy 5 to 40 per cent instant cashback on bKash payment at around 4,500 shopping outlets across the country on the occasion of Ramadan and the upcoming Eid-ul-Fitr till May 15. A cust...

Chinese equipment makers Huawei, ZTE left out of India's 5G trials

Chinese equipment makers Huawei, ZTE left out of India's 5G trials

-- 2021-05-05 11:33:17

India's Telecom Ministry has left out Chinese equipment makers Huawei and ZTE from its upcoming 5G trials, become the latest country to lock the firms out. The ministry granted permission to a do...

BGMEA leaders seek Chattogram police help

BGMEA leaders seek Chattogram police help

OUR CORRESPONDENT 2021-05-05 10:13:34

CHATTOGRAM: The newly-elected leadership of BGMEA in Chattogram sought the Chattogram Metropolitan Police (CMP) cooperation to maintain law and order just before Eid in Chattogram. BGMEA leaders and C...

No headway in lifting India's anti-dumping duty yet

No headway in lifting India's anti-dumping duty yet

SYFUL ISLAM 2021-05-05 09:46:26

There is no development regarding lifting anti-dumping duty on Bangladeshi goods in Indian market and Dhaka is yet to hear from New Delhi despite sending a letter in this regard two months back, offic...

Shoppers, traders equally non-compliant with market health rules

Shoppers, traders equally non-compliant with market health rules

FE Report 2021-05-05 09:41:58

Despite repeated warnings, health safety rules were hardly followed by people in shopping malls and markets, raising concern among healthcare professionals over further deterioration of the Covid-19 p...

Edible oil prices up again in Bangladesh market

Edible oil prices up again in Bangladesh market

FE REPORT 2021-05-05 09:37:04

The prices of edible oils, including the bottled soybean, have witnessed a fresh hike just in a week, thus amplifying woes of low-income consumers. The commoners' only respite is the open market sale...

Telenor writes off Myanmar business after coup, posts Q1 loss

Telenor writes off Myanmar business after coup, posts Q1 loss

-- 2021-05-04 17:44:28

Norway's Telenor wrote off the value of its Myanmar operation in view of the country's deteriorating security and human rights situation, plunging the group into a first-quarter loss and sending its s...

Saudi oil firm Aramco’s first-quarter profits soar by 30pc

Saudi oil firm Aramco’s first-quarter profits soar by 30pc

-- 2021-05-04 14:27:21

Saudi Aramco’s profits soared by 30 per cent for the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices, the oil company said Tuesday. The company&r...

SM Group sets up Tk 1.3b RMG accessories factory

SM Group sets up Tk 1.3b RMG accessories factory

YASIR WARDAD 2021-05-04 10:30:52

When the country's economy is going through a tough ride due to the Covid-19 pandemic, SM Group, a leading conglomerate of ready-made garment (RMG) and textile sector in the country, is showing some s...

Traders demand that shops be allowed to keep open until midnight

Traders demand that shops be allowed to keep open until midnight

FE REPORT 2021-05-04 10:21:21

President of Bangladesh Shop Owners Association (BSOA) Helal Uddin said they were expecting the government permission to keep shops open until midnight. They had sent a letter to the Prime Minister's...

Industrial raw material 'soda ash' now costlier

Industrial raw material 'soda ash' now costlier

FE REPORT 2021-05-04 10:07:09

The prices of 'chemical soda ash', a key industrial raw material, have surged by more than 30 per cent to approximately Tk 40 a kg in the local market, as the major exporting nation is delaying shipme...

Lafarge ordered to pay gas bill dues of Tk 902m

Lafarge ordered to pay gas bill dues of Tk 902m

FE REPORT 2021-05-04 10:00:16

LafargeHolcim Bangladesh Ltd, multinational cement manufacturing company, will have to pay an outstanding gas bill of around Tk 902.50 million to state-run Jalalabad Gas Transmission and Distribution...

ADB launches tax hub to enhance domestic resource mobilisation

ADB launches tax hub to enhance domestic resource mobilisation

BSS 2021-05-03 21:28:33

The Asian Development Bank (ADB) Monday launched an Asia Pacific Tax Hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing, and strengthen coordi...

Bottled cooking oil price fixed at Tk 141 per litre

Bottled cooking oil price fixed at Tk 141 per litre

-- 2021-05-03 20:42:02

The maximum retail price of bottled cooking oil has been fixed at Tk 141 per litre. The new price was determined in a meeting between the Ministry of Commerce and the oil traders on Monday, reports b...

Walton AC registers 450pc sales growth in January-April period

Walton AC registers 450pc sales growth in January-April period

FE ONLINE DESK 2021-05-03 18:29:39

Local electronics giant Walton has registered a sharp growth of 450 per cent in its sales of air conditioners (ACs) in January to April period of this year compared to that of corresponding period of...

SC orders LafargeHolcim to pay Tk 902.50m due gas bills

SC orders LafargeHolcim to pay Tk 902.50m due gas bills

FE ONLINE REPORT 2021-05-03 17:52:26

Multinational cement manufacturing company LafargeHolcim Bangladesh Ltd will have to pay  around Tk 902.50 million to state run Jalalabad Gas Transmission and Distribution Systems Ltd (JGTDSL) on...

SMEs incentive application open

SMEs incentive application open

-- 2021-05-02 21:59:46

Small and medium enterprises (SMEs) can apply for loans under the government’s incentive package to offset the coronavirus losses from Sunday. A virtual press briefing revealed on Saturday that...

Rajshahi growers hope to export 300 tonnes of mango this year

Rajshahi growers hope to export 300 tonnes of mango this year

-- 2021-05-02 21:55:30

Mango growers of Rajshahi region have set the target to export 300 tonnes of mango to different countries after meeting up the local demand during the forthcoming harvesting season. To achieve the ta...

Central bank allows e-CAB members to remit abroad $10,000 annually

Central bank allows e-CAB members to remit abroad $10,000 annually

BSS 2021-05-02 20:38:05

Bangladesh Bank (BB) today allowed members of the e-Commerce Association of Bangladesh (e-CAB) to remit abroad US$10,000 in a year each to meet their legitimate current expenses. “To facilitate...

German Ambassador, BGMEA President discuss avenues of collaboration

German Ambassador, BGMEA President discuss avenues of collaboration

FE ONLINE REPORT 2021-05-02 20:06:36

Ambassador of Germany to Bangladesh Peter Fahrenholtz paid a courtesy visit to BGMEA President Faruque Hassan at BGMEA office in Dhaka on Sunday. During the visit, they discussed the progress of curr...

HSBC BANGLADESH digitises Supply Chain  Finance for  supplier network

HSBC BANGLADESH digitises Supply Chain Finance for supplier network

FE Online 2021-05-02 16:39:03

The Hongkong and Shanghai Banking Corporation Limited and Unilever Bangladesh Limited this month conducted their first transaction using HSBC’s Supply Chain Finance platform (“HSCF”)...

Bitcoin rises 6.54pc to $57,098.08

Bitcoin rises 6.54pc to $57,098.08

-- 2021-05-01 17:54:04

Bitcoin rose 6.54 per cent to $57,098.08 on Friday, adding $3,504.11 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 105.9 per cent from the year's low of $27...