Loading...
The Financial Express

Search results for: Trade

42pc RMG workers did not get aid during pandemic: Report

42pc RMG workers did not get aid during pandemic: Report

FE Online Report 2020-12-17 15:12:09

About 42 per cent out of 3.3 million readymade garment (RMG) workers did not receive support from the government’s stimulus package allocated to pay workers’ wages, according to Transparen...

Top Bangladeshi executives see deterioration in financial environment last year

Top Bangladeshi executives see deterioration in financial environment last year

FE Online Report 2020-12-17 15:07:42

Financial environment of Bangladesh did not improve in the last year and key financial indicators deteriorated further at different levels. It is reflected in the Executive Opinion Survey (EOS), cond...

Inefficient bureaucracy, graft major hindrances to doing business in Bangladesh: WEF survey

Inefficient bureaucracy, graft major hindrances to doing business in Bangladesh: WEF survey

FE ONLINE REPORT 2020-12-17 12:15:33

Inefficient government bureaucracy, corruption and limited access to finance were top three problematic factors for doing business in Bangladesh last year. The Executive Opinion Survey (EOS) conducte...

EBL receives IFC award

EBL receives IFC award

FE Online Desk 2020-12-17 12:07:14

Eastern Bank Limited (EBL) has been awarded by International Finance Corporation (IFC) under World Bank Group as the Best Partner for Equipment Trade in South Asia under Global Trade Finance Program....

Bangladeshi businesses ‘unprepared’ for digital tech challenges, finds WEF

Bangladeshi businesses ‘unprepared’ for digital tech challenges, finds WEF

FE ONLINE REPORT 2020-12-17 11:23:29

Businesses in Bangladesh are "unprepared" for the post-Covid challenges on digital technologies as necessary investment on digital technologies coupled with research and development (R&D) has not...

Bitcoin breaks $20,000 barrier

Bitcoin breaks $20,000 barrier

Reuters 2020-12-17 10:40:59

Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever, amid increased institutional and corporate interest. The cryptocurrency hit an all-time peak of $20,800 and was last...

Nagad joins partnership to serve GP users

Nagad joins partnership to serve GP users

-- 2020-12-17 10:02:00

Nagad, the digital financial service of Bangladesh Post Office, has officially started the process to bring the users of Grameenphone Limited under this state-of-the-art innovation, reports BSS. The...

Robi to get $95m IFC credit boost to expand network

Robi to get $95m IFC credit boost to expand network

-- 2020-12-16 23:29:08

Robi Axiata is set to get $95 million cash injection from the World Bank’s International Finance Corporation or IFC to widen network and build new telecom infrastructure, reports bdnews24.com....

Turkish President sees $2.0b trade potential with Bangladesh

Turkish President sees $2.0b trade potential with Bangladesh

-- 2020-12-16 21:17:48

Turkish President Tayyip Erdoğan has said Bangladesh and Turkey hold enormous potentials in the arena of bilateral trade to explore and the target of US$ 2 billion trade, which was mutually set earlie...

Russia imposes wheat export tax, other steps to stabilise food prices

Russia imposes wheat export tax, other steps to stabilise food prices

-- 2020-12-16 19:41:52

Russia has issued a list of orders aimed at stabilising food prices, including a grain export quota and a wheat export tax. The new measures, announced by Russian Prime Minister Mikhail Mishustin on...

Nagad strikes key deal with GP to drive customers into its digital wallet

Nagad strikes key deal with GP to drive customers into its digital wallet

-- 2020-12-16 19:07:39

Users of Grameenphone will now be able to avail Nagad’s mobile financial services by dialling a code as part of an agreement between the two companies, reports bdnews24.com. The initiative was...

Amazon requests judge to set aside $10b cloud contract award to Microsoft

Amazon requests judge to set aside $10b cloud contract award to Microsoft

-- 2020-12-16 18:26:01

Amazon.com urged a US judge to toss out the Pentagon’s $10 billion JEDI cloud computing contract award after the Defense Department said in September a court-ordered re-evaluation had determined...

Vietnam, Thailand among countries at risk in US Treasury's currency report

Vietnam, Thailand among countries at risk in US Treasury's currency report

REUTERS 2020-12-16 16:16:33

The US Treasury could label several countries currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with...

Facebook sued, this time, by Australia

Facebook sued, this time, by Australia

REUTERS 2020-12-16 13:40:40

An Australian regulator sued Facebook Inc on Wednesday accusing it of collecting user data without permission, building on government efforts around the world to rein in the social network. The Austr...

Singapore to open travel bubble for hosting Davos forum

Singapore to open travel bubble for hosting Davos forum

-- 2020-12-16 11:37:49

Singapore is to allow a limited number of business, official and other “high economic value” travellers from around the world under a “bubble” arrangement that offers a glimpse...

NBR permits tax-free release of power plant equipment

NBR permits tax-free release of power plant equipment

FE REPORT 2020-12-16 09:03:20

The National Board of Revenue (NBR) has resolved complexities over releasing the power equipment from port under tax-free provision by amending the Income Tax Ordinance -1984. Due to absence of a l...

Emirates to resume daily flight to Istanbul

Emirates to resume daily flight to Istanbul

FE Online Desk 2020-12-15 14:37:52

Emirates has announced it will resume its operations to Istanbul from December 21. Flights to/from Istanbul will operate once daily by the Boeing 777- 300ER. The addition of Istanbul expands Emirates...

BASIS demands priority to local IT firms for public procurement

BASIS demands priority to local IT firms for public procurement

FE REPORT 2020-12-15 11:15:41

Software developers and ICT service providers have urged the government to prioritise local companies in the public procurement policy so as to promote the IT sector, create employment opportunities a...

Coastal belt needs sustainable cropping pattern for higher productivity

Coastal belt needs sustainable cropping pattern for higher productivity

FE REPORT 2020-12-15 11:12:14

Experts during a webinar on Monday put emphasis on diversified and sustainable farming patterns to raise productivity in coastal regions. The observations were made at the launch of a second-phase pr...

No bidder responds to govt call for supplying LNG from spot market

No bidder responds to govt call for supplying LNG from spot market

FE REPORT 2020-12-15 10:42:21

None of the selected bidders responded to the government's call to supply liquefied natural gas (LNG) from the spot market in January. The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) had...

Padma Bridge toll policy to be recommended by a committee

Padma Bridge toll policy to be recommended by a committee

Munima Sultana 2020-12-15 09:27:54

Bangladesh Bridge Authority (BBA) has formed a committee to work on a new toll policy for the much-hyped Padma Bridge as the 6.15-km bridge has become visible with completion of span installation la...

Local startup goes global as weDevs hits 50,000 marketplaces

Local startup goes global as weDevs hits 50,000 marketplaces

JASIM UDDIN HAROON 2020-12-15 09:14:42

A local startup has emerged as a global player in e-commerce solutions, making it a million-dollar company in a short span of time. weDevs, the software product service provider, is now used by more...

RMG wage hike pulls in males, pushes out females: Study

RMG wage hike pulls in males, pushes out females: Study

MONIRA MUNNI 2020-12-15 09:00:53

The growing demand for skilled labour and revised wage structure has lured male workers into joining the readymade garment (RMG) industry, which has decreased female participation ratio, according to...

edotco Bangladesh becomes first TowerCo in country to receive ISO 9001:2015 Certification

edotco Bangladesh becomes first TowerCo in country to receive ISO 9001:2015 Certification

-- 2020-12-14 23:46:44

edotco Bangladesh, the leading regional integrated telecommunications infrastructure services company, has been awarded the prestigious ISO 9001:2015 accreditation by the International Organization fo...

vivo V20 SE with 5 unique features

vivo V20 SE with 5 unique features

FE Online Desk 2020-12-14 23:28:29

 December 14, 2020:  Smartphone manufacturer company Vivo this year focused on vivo V series phones. vivo started this year with the launch of V19, then V20 and next another star products of...

Parveen Mahmud retained as the chairperson of UCEP Board of Governors

Parveen Mahmud retained as the chairperson of UCEP Board of Governors

-- 2020-12-14 22:05:31

The 32nd Annual General Meeting of UCEP Bangladesh, a non-government organisation, was held on December 14 (Monday) at UCEP Bangladesh’s Head Office in Mirpur, Dhaka to elect the new Board of Go...

China increass internet sector scrutiny, fines Alibaba, Tencent under anti-trust laws

China increass internet sector scrutiny, fines Alibaba, Tencent under anti-trust laws

REUTERS 2020-12-14 16:08:39

China warned its internet giants on Monday that it would not tolerate monopolistic practices and to brace for increased scrutiny, as it slapped fines and announced probes into deals involving Alibaba...

US firm eyes heavy investment in solar, LNG-based power sectors

US firm eyes heavy investment in solar, LNG-based power sectors

M AZIZUR RAHMA 2020-12-14 11:10:25

US infrastructure giant Eleris Energy Ltd is keen to invest heavily in Bangladesh's solar and integrated LNG-based power sectors. The company intends to implement three mega solar power projects and...

VAT rebate rule for purchasing raw materials on credit relaxed

VAT rebate rule for purchasing raw materials on credit relaxed

DOULOT AKTER MALA 2020-12-14 09:08:44

The revenue board has scrapped the order of obtaining VAT rebate in case of purchasing raw materials on credit after it found the enforcement complex. Both businesses and field-level tax officials...

Risks of ridesharing without the app  

Risks of ridesharing without the app  

-- 2020-12-13 18:20:07

These days many city dwellers use ridesharing services on a regular basis. Ridesharing services are operated by apps and have been a great help to the commuters of the cities like Dhaka or Chattogram....