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The Financial Express

Search results for: Trade

Rights groups demand safe transportation of garment workers

Rights groups demand safe transportation of garment workers

FE REPORT 2021-04-20 10:15:04

Two local rights groups on Monday put stress on transportation of millions of garment workers during the ongoing lockdown amid the spike in Covid-19 casualties. They called for the government and t...

Tea Association seeks loan at 4.0pc interest rate

Tea Association seeks loan at 4.0pc interest rate

FE REPORT 2021-04-20 09:34:19

The apex trade body of tea producers has requested the Bangladesh Bank (BB) to provide loan at 4.0 per cent concessional interest rate for the survival of the pandemic-hit tea industry, officials said...

Gas crisis hits textile millers

Gas crisis hits textile millers

FE REPORT 2021-04-20 09:32:24

The country's primary textile millers on Monday expressed fear that they might fail to meet the existing export orders due to gas crisis. They said production at some 60 mills in Madhabkhola, Sripu...

Walton offers discount on online purchases

Walton offers discount on online purchases

-- 2021-04-19 20:47:26

Walton is offering big discounts on the online purchase of its electronic products, home and kitchen appliances, and IT devices. The brand's online sales platform Walton E-plaza has come up with seve...

Investor group calls for banks to set tougher climate targets

Investor group calls for banks to set tougher climate targets

-- 2021-04-19 15:58:52

A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change. Th...

Microsoft to invest $1.0b in Malaysia to set up data centres

Microsoft to invest $1.0b in Malaysia to set up data centres

-- 2021-04-19 15:39:23

Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prim...

Vivo X60 Pro: Camera comparable to DSLR quality, on top of all the flagship features

Vivo X60 Pro: Camera comparable to DSLR quality, on top of all the flagship features

-- 2021-04-19 15:00:29

Smartphone math is tough. There always seems to be some sacrifice when you make that purchase decision, choosing one over the others. Amid the ongoing battles about who can offer the latest hardware a...

BPC deposits Tk 90b surplus to state coffers

BPC deposits Tk 90b surplus to state coffers

M AZIZUR RAHMAN 2021-04-19 09:39:30

The state-run Bangladesh Petroleum Corporation (BPC) has paid around Tk 90 billion of its 'idle money' to the government exchequer over the past one year since March last year. The BPC paid Tk 50 b...

Hundreds of apparel factories out of operation

Hundreds of apparel factories out of operation

Monira Munni 2021-04-19 09:33:27

Many small and medium scale manufacturing units, located in major industrial belts, that had faced closure during the first wave of Covid-19 are yet to resume operations, according to sources. Most...

Businesses advocate alternatives to lockdown, seeking tax cut, stimulus

Businesses advocate alternatives to lockdown, seeking tax cut, stimulus

FE REPORT 2021-04-19 09:25:43

Country's apex trade body leader on Sunday urged the government to weigh alternatives to lockdown considering its adverse impact on the economy and the people in general. "Lockdown cannot be a sust...

GM and Toyota take different electric roads in China

GM and Toyota take different electric roads in China

REUTERS 2021-04-18 19:18:03

Toyota pioneered the world’s most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China. The Hong Guang Mini EV, a tiny, no-frills...

bKash offers 1.0pc cash bonus again on receiving remittance

bKash offers 1.0pc cash bonus again on receiving remittance

-- 2021-04-18 17:03:01

In the current COVID situation, especially during this month of Ramadan, bKash is offering 1.0 per cent  cash bonus on top of 2.0 per cent government incentive on remittance, to ensure more comfo...

Experts call for policy support, tax benefits to promote local automobile industry

Experts call for policy support, tax benefits to promote local automobile industry

FE Online Report 2021-04-18 16:21:26

Experts and stakeholders have called for appropriate policy support, incentives and tax benefits as these can foster the local automobile industry. In this regard, Mr Rizwan Rahman, president of Dhak...

China’s Ant explores ways for Jack Ma's exit

China’s Ant explores ways for Jack Ma's exit

Reuters 2021-04-18 11:08:36

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move...

BPC receiving bids to import 1.23m tonnes of refined petroleum products

BPC receiving bids to import 1.23m tonnes of refined petroleum products

FE REPORT 2021-04-18 10:25:29

State-run Bangladesh Petroleum Corporation (BPC) is now receiving bids to import up to 1.23 million tonnes of diesel, jet fuel, furnace oil, octane and marine fuel combined during the July-December pe...

Bangladesh's trade logistic cost highest among peers: WB report

Bangladesh's trade logistic cost highest among peers: WB report

FHM HUMAYAN KABIR 2021-04-18 10:19:33

Country's logistic cost for trades is the highest among its competing countries, resulting in a lower trade-GDP ratio compared to that of average rate of the low- and middle-income nations, the World...

Auditors rue companies' ‘arbitrary’ assessment

Auditors rue companies' ‘arbitrary’ assessment

FE REPORT 2021-04-18 10:08:53

Accounting professionals have suggested reviewing tax exemptions, curbing tax evasion by illegal foreign nationals and offering tax breaks to incentivise one-person-company (OPC). They also called fo...

‘Govt to monitor adherence to new LPG price after lockdown’

‘Govt to monitor adherence to new LPG price after lockdown’

-- 2021-04-17 23:04:21

Energy and Mineral Resources Division's Senior Secretary Anisur Rahman has said that the government will monitor the implementation of the newprice ofLiquified Petroleum Gas (LPG) fixed by the Banglad...

MFS providers get 18 million new customers in 11 months

MFS providers get 18 million new customers in 11 months

-- 2021-04-17 19:57:52

Since Covid-19 emerged, mobile financial service (MFS) providers have witnessed a tremendous surge in terms of number of customers. The MFS service providers added around 18.0 million new customers i...

Citigroup to shut consumer banking operations in 13 countries

Citigroup to shut consumer banking operations in 13 countries

-- 2021-04-17 16:32:04

Citigroup has announced that it will shut consumer banking operations in 13 countries, including India. The US banking group said the move is aimed at shifting focus to wealth management and exiting r...

Trade unions unable to address workers’ concerns in pandemic, CPD says

Trade unions unable to address workers’ concerns in pandemic, CPD says

FE Online Report 2021-04-17 15:44:04

A segmented form of trade union activities focusing on a few sectors was unable to address the concerns of workers whose health and safety are in a vulnerable state amid the Covid-19 pandemic. Differ...

Trust Bank gets new MD

Trust Bank gets new MD

FE ONLINE DESK 2021-04-17 15:34:48

Humaira Azam has been appointed as the new managing director (MD) & chief executive officer (CEO) of Trust Bank Ltd. She happens to be the first ever top female executive of a private bank in the...

Port city dwellers too struggling with price-hike of essentials

Port city dwellers too struggling with price-hike of essentials

OUR CORRESPONDENT 2021-04-17 13:27:55

CHATTOGRAM: Already grappling with last year's pandemic fallout, the port city dwellers are struggling to get by because of the continuous price hike of essentials amid a stricter lockdown in Ramadan....

Rooppur nuke power plant construction to continue amid lockdown

Rooppur nuke power plant construction to continue amid lockdown

M AZIZUR RAHMAN 2021-04-17 11:52:53

Bangladesh is keen to continue construction work of the country's maiden nuclear power plant despite the ongoing lockdown without applying 'force majeure' provision. "We have decided to continue cons...

No headway in widening 50-km highway under Ashuganj-Akhaura 4-lane project

No headway in widening 50-km highway under Ashuganj-Akhaura 4-lane project

MUNIMA SULTANA 2021-04-17 11:52:32

The tenure of the first road-sector project under the Indian Line of Credit (LoC) will end within next two months without any headway in widening the 50.58-kilometre highway from Ashuganj river port t...

Prices of some vegetables, potato high in Dhaka's kitchen market

Prices of some vegetables, potato high in Dhaka's kitchen market

FE REPORT 2021-04-17 10:37:01

Some green vegetables and potato became pricier further last week following their higher demand in Ramadan. Traders, however, have attributed the ongoing coronavirus lockdown to supply crunch. Rice,...

World’s top-selling SUVs H2 Jolion, H6 launched in Dhaka

World’s top-selling SUVs H2 Jolion, H6 launched in Dhaka

FE Online Desk   2021-04-16 15:08:07

Two models of the world’s top-selling SUVs H2 Jolion and H6 were unveiled in Dhaka on Monday through a virtual event, says a press release received on Friday. Fully loaded with luxury features...

Coronavirus likely to cost 30,000 tourism job in Sylhet

Coronavirus likely to cost 30,000 tourism job in Sylhet

OUR CORRESPONDENT 2021-04-16 14:03:45

SYLHET: Over 30,000 tourism workers are at risk of losing their jobs during the Corona outbreak in Sylhet region. They are already in serious trouble since the tourist spots had already been shut for...

‘Police excesses’ lead to work stoppage by Chittagong port crane operators

‘Police excesses’ lead to work stoppage by Chittagong port crane operators

OUR CORRESPONDENT 2021-04-16 13:48:35

CHATTOGRAM: A section of workers at Chittagong Port last night stopped work for one hour protesting manhandling of a port staff by police allegedly for not following health rules. Port sources said,...

Malaysia slams Bangladesh mission for launching job portal

Malaysia slams Bangladesh mission for launching job portal

FE REPORT 2021-04-16 11:47:36

The Malaysian government has criticised the Bangladesh High Commission in Kuala Lumpur for launching a job portal "ChakrirKhoj" without the consent of its Human Resources Ministry. Quoting human reso...