Search results for: Trade

Factory owners want to continue operations, labour leaders favour closure

MONIRA MUNNI 2021-04-11 08:16:52

Country's textile and clothing units have sought to continue operation during the upcoming weeklong lockdown while complying with the health-safety guideline. The lockdown is set to start from Apri...

USAID to launch project in Bangladesh to promote growth through energy

-- 2021-04-10 19:11:02

USAID will soon launch a multi-year project of up to $17 million in Bangladesh, called "Bangladesh Advancing Development and Growth through Energy" (BADGE), subject to the availability of funds. This...

BTMA re-elects Khokon as president

FE ONLINE REPORT 2021-04-10 17:54:59

Mohammad Ali Khokon has been re-elected as the president of Bangladesh Textile Mills Association (BTMA) for the two consecutive terms of  2021-2022 and 2022-23. Mohammad Fazlul Haque, Abdul...

Biotech firm Ginkgo in talks with SPAC for over $20b deal

-- 2021-04-10 15:28:29

Biotech startup Ginkgo Bioworks is in talks to go public through a merger with a blank-check firm backed by former Hollywood executives Harry Sloan and Jeff Sagansky, in a deal valued at about $20 bil...

Amazon's win in union fight shows harsh realities for labour movement

-- 2021-04-10 11:04:22

Amazon.com Inc’s fierce resistance to unionisation, skepticism among workers that organising could get them a better deal and decisions on election parameters all contributed to the apparently l...

China slaps Alibaba with record $2.75 billion fine

Reuters 2021-04-10 10:34:26

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust f...

Chittagong port users fear container congestion amid virus curbs

OUR CORRESPONDENT 2021-04-10 10:16:03

CHATTOGRAM: The seven-day lockdown from Monday to contain the spread of coronavirus, hartal and two national and two weekly holidays last week have hampered trade activities, especially goods deliveri...

Bangladesh apparel exports to US fall 13pc in two months

FE REPORT 2021-04-10 09:56:26

Apparel exports to the US, the country's single largest destination, registered over 13 per cent decline in the first two months of 2021 year-on-year mainly because of the Covid-19 pandemic. Banglade...

Proposal for inclusion of more e-commerce firms rejected

Rezaul Karim 2021-04-10 09:33:41

The industries ministry has turned down a proposal put forward by the commerce ministry to bring more e-commerce firms under its sugar supply arrangements, officials said. The commerce ministry in a...

3,000 female migrants to get Tk 20,000 each as grant

Arafat Ara 2021-04-10 09:26:21

Wage Earners' Welfare Board has recently launched are integration project of Tk 60 million for 3,000 returnee female migrant workers to support them in their income-generating activities. Each of the...

Malta to pay tourists who visit this summer

Reuters 2021-04-10 08:32:46

Aiming to revive its tourism industry and get ahead of rival destinations, Malta plans to offer foreign visitors a handout of up to 200 euros ($238.10) each if they stay at least three days on the Med...

Bangladesh government set to procure Boro directly from farmers

REZAUL KARIM AND YASIR WARDAD 2021-04-10 08:23:21

In a major policy shift, the government is planning to purchase Boro harvest directly from the farmers this season to help ensure a fair price for the latter and boost its own stock. On April 01, the...

Consumers spent additional $900b last year for online shopping globally

FE ONLNE DESK 2021-04-09 17:49:26

As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online, an additional $900 billion being spent in retail online around the wor...

Businesses urged to submit VAT returns amid lockdown

FE Report 2021-04-09 17:20:07

The National Board of Revenue (NBR) urged the businesses to comply with the existing provision of the VAT law by submitting VAT returns by the 15th of every month. In an office order on Thursday, the...

TCB to sell dates at Tk 80 per kg from Saturday

FE REPORT 2021-04-09 15:40:41

Trading Corporation of Bangladesh (TCB) is expected to start selling dates from tomorrow (Saturday) under its ongoing open market sale (OMS) move ahead of the upcoming holy month of Ramadan, according...

SHS scheme benefits Bangladesh $1.7b

FE Report 2021-04-09 15:34:34

Bangladesh's net benefit for using the solar home system (SHS) was estimated at US$1.7 billion at constant 2018 US dollar price, said a World Bank (WB) report. It said the net financial gain of Bangl...

Amazon's fight against US union could continue even after vote

Reuters 2021-04-09 10:10:17

Officials with the National Labor Relations Board (NLRB) are expected to begin counting ballots on Thursday (local time) in the closely watched union election at an Amazon.com Inc warehouse in Besseme...

Jatri Kalyan Samiti urges govt to allow resumption of ride-sharing motorcycle services

FE ONLINE REPORT 2021-04-08 18:25:04

A passengers' welfare platform urged the government to allow the resumption of ride-sharing motorcycle services through maintaining strict health guidelines. Bangladesh Jatri Kalyan Samiti also calle...

Over 60,000 Bangladeshis acquire digital skills through Microsoft training

FE ONLINE REPORT 2021-04-08 18:04:43

Over 60,000 people in Bangladesh, out of millions of people spanning over 249 countries, have acquired digital skills during the Covid-19 pandemic. Microsoft Corporation has recently announced that i...

Uber, Lyft tout US ride-hail driver pay, incentives amid demand uptick

Reuters 2021-04-08 11:27:20

Uber Technologies said US drivers on their ride-hail platforms should take advantage of pay hikes as trip demand temporarily outstrips driver supply, but warned the windfall will not last. Uber's Vic...

Oil prices slip after surprise hefty build in US gasoline stocks

Reuters 2021-04-08 10:41:36

Oil futures inched higher on Wednesday on an improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks will weaken a global recov...

High stakes at sea in global rush for wind power

-- 2021-04-08 10:32:57

Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil major...

Biden to press US companies to pay 'acceptable' level of tax

-- 2021-04-08 10:06:31

President Joe Biden on Wednesday made a fiery appeal for US companies to foot most of the bill for his $2 trillion-plus infrastructure plan, but signaled an openness to negotiate over exactly how much...

Call for ensuring smooth gas supply to mills

FE Report 2021-04-08 08:43:06

Bangladesh Textile Mills Association (BTMA) has urged the government to ensure smooth supply of natural gas to its member mills so that the factories could continue production. It also sought immedia...

Daraz to sponsor national cricket team

-- 2021-04-07 17:50:49

The country’s leading e-commerce platform Daraz has become the new sponsor of the Bangladesh National Men's, Women's, A Team and Under-19 Cricket Team until November 30, 2023 Daraz has been awa...

Wahed A Rahman joins Navana Group as CEO

FE Online Desk 2021-04-07 17:48:18

Navana Group, a Bangladeshi business conglomerate, has announced the appointment of Wahed Azizur Rahman as its new Group Chief Executive Officer (CEO).  The appointment has taken retrospective e...

China supports Xinjiang cotton, but blurs out Western brand logos

-- 2021-04-07 17:03:40

Amid a huge backlash in China against Western fashion brands over Xinjiang cotton row, Chinese TV stations have found a new way to show support for the controversial way to produce cotton - blurring o...

Samsung's Q1 profit likely rose 44pc

-- 2021-04-07 16:07:19

Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44 per cent, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall i...

Govt allows e-commerce delivery until midnight amid lockdown

FE ONLINE REPORT 2021-04-07 12:56:28

In a bid to encourage e-commerce during the ongoing lockdown, the government has allowed such platforms to continue their delivery services across the country until midnight. E-commerce deliverymen c...

More women in boardrooms, but fewer female CEOs in Italy

Reuters 2021-04-07 11:17:07

Italian listed companies have increased the number of women serving on their boards but the number of female chief executive officers fell slightly last year, the market watchdog Consob said on Tuesda...