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The Financial Express

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Bangladesh's LNG import rises in 2020

Bangladesh's LNG import rises in 2020

M AZIZUR RAHMAN 2021-01-24 10:21:42

Bangladesh imported 8.97 million cubic metres of LNG in 2020, up 1.56 per cent from 2019. It brought 65 cargoes, each having around 138,000 cubic metres of LNG (liquefied natural gas), from January...

RMG units commonly lack financial backup to cope with crisis: CPD

RMG units commonly lack financial backup to cope with crisis: CPD

FE REPORT 2021-01-24 08:57:59

Financial management of the country's readymade garment (RMG) factories is very poor and the majority of them including large ones did not have financial backup and plan to cope with immediate crisis,...

Absence of integrated automated system in EPZs hinders export-import activities

Absence of integrated automated system in EPZs hinders export-import activities

DOULOT AKTER MALA 2021-01-24 08:51:26

The absence of an integrated automated system between the revenue board and some of the export processing zones is posing risk for revenue loss and delay in the customs process. Currently, there is n...

Higher freight cost deepens apparel exporters’ woes

Higher freight cost deepens apparel exporters’ woes

MONIRA MUNNI 2021-01-24 08:43:01

The rising air and sea shipment costs have landed apparel makers in deeper trouble, as they reel under the lingering effects of Covid-19, industry people say. Freight forwarders attributed the rise i...

DCCI president proposes SME Bond, distinct category for smaller enterprises

DCCI president proposes SME Bond, distinct category for smaller enterprises

FE REPORT 2021-01-23 22:03:35

Terming access to finance for cottage, micro, small and medium enterprises (CMSMEs) the biggest challenge, DCCI President Rizwan Rahman has said separation of medium-sized businesses from that categor...

‘Most RMG factories ignored layoff rules amid pandemic’

‘Most RMG factories ignored layoff rules amid pandemic’

UNB 2021-01-23 19:07:02

Most of the apparel factories did not follow the layoff rules during the pandemic while around 0.35 million ready-made garment (RMG) workers lost their jobs. “The average number of workers in...

Govt extends LC opening timeframe for private rice importers

Govt extends LC opening timeframe for private rice importers

-- 2021-01-23 18:26:23

The government has extended the timeframe for letter of credit (LC) opening for importing rice by the allotted institutions or firms in the private sector until January 31 this year. The Ministry of...

0.35m RMG workers lost jobs during pandemic, survey finds

0.35m RMG workers lost jobs during pandemic, survey finds

FE Online Report 2021-01-23 15:50:54

A total of 350,000 (0.35 million) garment workers lost their jobs during the Covid-19 pandemic, according to a latest survey. It also revealed that the practice of safety measures declined in all cat...

'Silk industry revival requires policy support'

'Silk industry revival requires policy support'

FE Report 2021-01-23 10:31:04

Despite having huge potential, the country's silk industry is now struggling mainly due to lack of policy support and research, speakers at a webinar have said. Keeping this in view, they suggested f...

BTRC to hold virtual public hearing on quality of telecom services in Feb

BTRC to hold virtual public hearing on quality of telecom services in Feb

ISMAIL HOSSAIN 2021-01-23 10:23:31

The Bangladesh Telecommunication Regulatory Commission (BTRC) is planning to hold a virtual public hearing to listen to people's complaints on the quality of services of its licensees. According to t...

Frozen foods units seek Tk 11.41b for interest payment

Frozen foods units seek Tk 11.41b for interest payment

REZAUL KARIM 2021-01-23 10:16:05

The Bangladesh Frozen Foods Exporters Association (BFFEA) has sought a block allocation of Tk 11.41 billion for 48 running units to pay bank liabilities. The promising frozen food sector is now in...

Central bank wants chairmen, MDs of banks ensure good governance

Central bank wants chairmen, MDs of banks ensure good governance

Siddique Islam 2021-01-23 09:46:39

The central bank has extended the date of submitting statement on relations with family and other types of businesses by the directors and top executives to their boards of directors by February 28....

Private inland container depots run at half of capacity

Private inland container depots run at half of capacity

DOULOT AKTER MALA 2021-01-23 09:08:33

Around 50 per cent capacity of the country's 19 private inland container depots has remained unutilised as the government allows them to handle a limited number of imported products, industry insiders...

India seeks regular transit through Mongla, Chittagong ports

India seeks regular transit through Mongla, Chittagong ports

SYFUL ISLAM 2021-01-23 08:48:34

India has sought permission to start using the two Bangladesh seaports at Chittagong and Mongla for regular transit of cargoes destined for its north-eastern states, officials say. The neighbouring c...

Bangladesh Railway caps container weight

Bangladesh Railway caps container weight

SYFUL ISLAM 2021-01-22 11:17:06

The Bangladesh Railway has asked the shippers not to carry by train the overloaded containers anymore to and from Chattogram and Dhaka as it takes more journey time and damages Bogie Flat Container Tr...

Edible oil prices surge

Edible oil prices surge

FE REPORT 2021-01-22 11:02:07

Edible oil prices climbed to a new record last week as the maximum rate of soya bean oil reached Tk 140 a litre. Prices of coarse and medium varieties of rice, however, fell slightly but garlic price...

Travel ban delays procurement of Japanese trains for MRT-6

Travel ban delays procurement of Japanese trains for MRT-6

Munima Sultana 2021-01-22 09:34:04

The Dhaka Mass Transit Company Ltd (DMTCL) has again changed its rescheduled plan to bring the first set of readymade trains for mass rapid transit (MRT) line-6 from Japan. The plan has been changed...

Industry captains urge mapping out digital supply chain future

Industry captains urge mapping out digital supply chain future

FE REPORT 2021-01-22 09:22:50

The country's supply chain saw some innovations during Covid-19 and the countrywide shutdowns, but the sector should keep it up for managing it better, industry captains said on Wednesday. They, howe...

Bangladesh Bank relaxes passport endorsement rules

Bangladesh Bank relaxes passport endorsement rules

FE REPORT 2021-01-22 09:18:21

The central bank on Thursday relaxed the rules of foreign currency endorsement on passports by allowing non-cash or international cards provided the users maintain a foreign currency account. Accor...

Turkey keen to establish own economic zone in Bangladesh

Turkey keen to establish own economic zone in Bangladesh

FE ONLINE REPORT 2021-01-21 21:10:20

Turkish investors are keen to establish their own economic zone in Bangladesh with huge investments in energy, health care, ICT, textile and agri-processing sectors, said Turkey's Foreign Economic Rel...

ILFSL MD resigns

ILFSL MD resigns

FE Online Report 2021-01-21 17:23:52

Managing Director (MD) of the International Leasing and Financial Services Limited (ILFSL) MA Khaleque Khan resigned from his post on health grounds on Wednesday night. “We’ve been inform...

Sanofi selects Beximco as potential buyer

Sanofi selects Beximco as potential buyer

FE Online Report 2021-01-21 17:02:53

Sanofi Bangladesh Limited on Thursday officially announced Beximco Pharmaceuticals Limited as a potential buyer of its controlling stake in Bangladesh, the multinational company has confirmed. ...

Mercedes unveils electric compact SUV to outdo Tesla

Mercedes unveils electric compact SUV to outdo Tesla

-- 2021-01-21 10:34:53

Daimler AG’s Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part of plans to take on rival Tesla Inc and offer more emission-free vehicles to consumers to meet target...

Two conglomerates in race to acquire Sanofi's Bangladesh operations

Two conglomerates in race to acquire Sanofi's Bangladesh operations

Jubair Hasan 2021-01-21 08:05:37

Two leading local business houses are now in a race to acquire the entire foreign stakes in the French drug-maker Sanofi's operations in Bangladesh. The government of Bangladesh that owns more than 4...

Google's advertising practices face EU antitrust probe

Google's advertising practices face EU antitrust probe

Reuters 2021-01-20 21:59:22

EU antitrust regulators have sought information from advertisers regarding Google’s advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google...

Govt postpones DITF over COVID-19 fears

Govt postpones DITF over COVID-19 fears

-- 2021-01-20 20:43:27

The government has postponed Dhaka International Trade Fair-2021 considering the risk of getting infected by the COVID-19. The Ministry of Commerce took the decision on Wednesday, reports BSS. The D...

Strategic ACD value chain initiatives highlighted

Strategic ACD value chain initiatives highlighted

FE Online Desk 2021-01-20 20:22:53

The first virtual conference of the Chambers of Commerce and Industry (CCI) of the Asia Cooperation Dialogue (ACD) member countries was held on Wednesday with the participation of the national Chamb...

Full implementation of labour rights key to obtain EU GSP plus status, experts say

Full implementation of labour rights key to obtain EU GSP plus status, experts say

FE Online Report 2021-01-20 16:49:44

Bangladesh should ensure full implementation of labour rights and international conventions to be eligible for EU GSP plus scheme, experts have said. With the graduation from LDC status, Bangladesh w...

Turkey keen to invest in Bangladesh special economic zones, says envoy

Turkey keen to invest in Bangladesh special economic zones, says envoy

FE Online Desk 2021-01-20 15:33:10

Turkish investors are keen to invest in special economic zones in Bangladesh as the country offers attractive incentives for foreign investors, said Turkish Ambassador to Bangladesh Mustafa Osman Tura...

China's would-be chip darling bedevilled by debt and bad bets

China's would-be chip darling bedevilled by debt and bad bets

REUTERS 2021-01-20 13:08:26

Tsinghua Unigroup, a Chinese conglomerate that has long sought to become a semiconductor powerhouse, is now caught between a rock and a hard place as debt woes mount while key chip units are failing t...