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The Financial Express

Search results for: Trade

Covid restrictions keep tannery workers away

Covid restrictions keep tannery workers away

OUR CORRESPONDENT 2021-07-25 10:16:38

CHATTOGRAM: Leather traders in Chattogram have urged the government to exempt tannery workers from the purview of the ongoing coronavirus-induced nationwide strict restrictions. Khorshed Alam, gene...

Hundreds of workers return from CEPZ gate

Hundreds of workers return from CEPZ gate

OUR CORRESPONDENT 2021-07-25 10:03:43

CHATTOGRAM: Hundreds of workers who went to their villages to celebrate Eid-ul-Azha with their families have returned to join their duties at Chattogram Export Processing Zone (CEPZ) on Saturday as th...

Chittagong port remains functional in the weekends: Authority

Chittagong port remains functional in the weekends: Authority

FE REPORT 2021-07-25 09:08:05

The Chittagong Port Authority (CPA) on Saturday said the port activities remain fully functional during the weekends. It also urged the port users to take delivery of containers with imported goods...

Advance tax collection from bank depositors surge in five years

Advance tax collection from bank depositors surge in five years

DOULOT AKTER MALA 2021-07-25 08:17:10

Advance tax collection from depositors has jumped by 61.09 per cent in the past five years, thanks to the expansion of banking services to bring more people under recorded transactions. Around 1.0-mi...

Price competitiveness to lure more US apparel companies to source from Bangladesh

Price competitiveness to lure more US apparel companies to source from Bangladesh

Monira Munni 2021-07-24 19:48:37

Bangladesh’s price competitiveness will continue to lure more US apparel companies to source from the country in the next two years, according to a study. Terming Dhaka’s much concentrati...

4.4pc of 9.1m sacrificed cattle sold online, says ministry

4.4pc of 9.1m sacrificed cattle sold online, says ministry

FE ONLINE REPORT 2021-07-24 18:14:41

Out of nearly 9.1 million cattle, which were sacrificed across the country during Eid-ul-Azha festival this year, 4.4 per cent was traded online. However, more cows and buffalos were sacrificed in Ch...

Banks to open from Sunday on limited scale

Banks to open from Sunday on limited scale

-- 2021-07-24 13:51:58

After a four-day break on account of the holy Eid-ul-Azha festival and weekly holidays, banks and financial institutions in Bangladesh will open from Sunday, UNB reports. However, all banks will rema...

Delhi urges Dhaka to remove port restrictions

Delhi urges Dhaka to remove port restrictions

SYFUL ISLAM 2021-07-24 08:29:53

New Delhi has reminded Dhaka again to remove port restrictions for smooth export of Indian goods using Bangladeshi land ports, officials said. The giant neighbour in this case referred to its note ve...

Five more vessels to ply Colombo route to ease export backlog

Five more vessels to ply Colombo route to ease export backlog

FE REPORT 2021-07-24 08:25:21

Five more container vessels will ply the Chattogram-Colombo route shortly to ease the export cargo backlog at container depots based in Chattogram. These vessels belong to global shipping giants Maer...

Rawhide prices dip further this year

Rawhide prices dip further this year

FE REPORT 2021-07-24 08:00:04

Dhaka city saw fewer traders, seasonal or otherwise, buying rawhide and skin of sacrificial animals on the Eid-ul-Azha days this year and those who were active bought the items at throwaway prices. W...

Ant-backed Zomato soars in India market debut to $12 billion valuation

Ant-backed Zomato soars in India market debut to $12 billion valuation

REUTERS 2021-07-23 16:13:04

Food delivery firm Zomato Ltd shares nearly doubled in value in debut trading on Friday, in the first stock market listing of an Indian startup valued at more than $1 billion. The stellar debut, whic...

Stranded at home – Returnees living in uncertainties

Stranded at home – Returnees living in uncertainties

ARAFAT ARA 2021-07-23 13:44:58

Many of the Bangladeshi workers who boasted of earning foreign exchange but had to return home during the pandemic, cannot find suitable income sources and are bearing their expenses borrowing money...

India's smartphone sales fall 13pc during second Covid wave

India's smartphone sales fall 13pc during second Covid wave

Reuters 2021-07-23 11:59:44

India's smartphone sales fell 13 per cent in the second quarter compared with the previous one as a second wave of Covid-19 infections hurt demand in the world's No. 2 smartphone market, a research re...

Traders leave unsold rawhide to rot in Dhaka

Traders leave unsold rawhide to rot in Dhaka

-- 2021-07-23 08:30:08

Badal, a seasonal rawhide trader who gave a single name, collected some skins of animals sacrificed on Eid-ul-Azha in Dhaka and took those to sell at Posta, but the merchants offered lower prices than...

Low prices frustrate seasonal rawhide traders

Low prices frustrate seasonal rawhide traders

-- 2021-07-22 22:40:02

Badal, a seasonal rawhide trader who gave a single name, collected some skins of animals sacrificed on Eid-ul-Azha in Dhaka and took those to sell at the Posta area, but the merchants offered lower pr...

Many small businesses closed, opportunities lost, but tax collection increases – How?

Many small businesses closed, opportunities lost, but tax collection increases – How?

DOULOT AKTER MALA 2021-07-22 13:27:38

It is apparently perplexing how the government’s income tax revenue has grown at more than 20 per cent when economic activities and jobs have shrunk amid a pandemic of over one and a half years....

Musk says Tesla likely to restart accepting bitcoin as payments

Musk says Tesla likely to restart accepting bitcoin as payments

REUTERS 2021-07-22 09:45:17

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer...

Apple's cheapest handset will support 5G technology

Apple's cheapest handset will support 5G technology

-- 2021-07-21 19:27:58

Apple Inc's cheapest handset will support 5G technology in its next iteration and its iPhone Mini will not be included in its 2022 lineup, Nikkei reported on Wednesday, citing sources familiar with th...

Stranded and shattered seafarers threaten global supply lines

Stranded and shattered seafarers threaten global supply lines

REUTERS 2021-07-21 16:32:04

"I've seen grown men cry," says Captain Tejinder Singh, who hasn't set foot on dry land in more than seven months and isn't sure when he'll go home. "We are forgotten and taken for granted," he says...

Rawhide prices raised, partial export permitted

Rawhide prices raised, partial export permitted

FE ONLINE REPORT 2021-07-21 09:30:07

Prices of rawhides collected after the qurbani during Eid-ul-Azha may be remain stable after authorities increased rates and granted permission for exports this year to arrest price fall during this f...

Shopping malls see few shoppers

Shopping malls see few shoppers

SAJIBUR RAHMAN 2021-07-20 17:45:04

The volume of Eid sales at different major shopping malls in the capital and across the country saw a significant fall as a large number of people are avoiding shopping this year to stay safe from the...

Bangladesh Railway seeks to start freight service through Chilahati-Haldibari corridor from Aug 1

Bangladesh Railway seeks to start freight service through Chilahati-Haldibari corridor from Aug 1

MUNIMA SULTANA 2021-07-20 13:38:00

Bangladesh Railway (BR) has proposed starting the regular cross-border freight service between Bangladesh and India through Chilahati-Haldibari corridor from August 1, seven months after the inaugur...

Policy gaps in trade in digital services need to be addressed: Experts

Policy gaps in trade in digital services need to be addressed: Experts

FE REPORT 2021-07-20 12:47:11

Experts at a webinar on Monday stressed the need for addressing the policy gaps in trade in digital services immediately aiming to reap the benefits of the rapid expansion of digital trade globally....

Bangladesh ranks 93rd in Global Startup Ecosystem Index

Bangladesh ranks 93rd in Global Startup Ecosystem Index

SAIF UDDIN 2021-07-20 08:38:31

Bangladesh has moved five spots up to rank 93rd among 100 countries in the Global Startup Ecosystem Index 2021 published recently. Besides, Dhaka came in 263rd among one thousand cities, showing...

Sales of sacrificial animals pick up

Sales of sacrificial animals pick up

FE REPORT 2021-07-20 08:26:19

The city's cattle markets saw a substantial increase in sales of sacrificial animals on Monday with a high demand for small to medium-sized cattle. With Eid-ul-Azha just one day away, buyers were see...

Port users urged to take container delivery during Eid holidays

Port users urged to take container delivery during Eid holidays

FE REPORT 2021-07-20 08:23:04

The Chittagong Port Authority (CPA) has requested the exporters and importers to take delivery of their containers during the Eid-ul-Azha holidays to help keep yard space free for ensuring smooth op...

Banks flooded with cash even on last day before Eid

Banks flooded with cash even on last day before Eid

SIDDIQUE ISLAM 2021-07-20 08:18:17

The call money (CM) rate remained almost stable on Monday, the last working day before the Eid vacation, as banks were flooded with excess liquidity amid poor credit demand due to the ongoing Covid-19...

No to paid-up capital formation or land purchase with legalised illicit money

No to paid-up capital formation or land purchase with legalised illicit money

DOULOT AKTER MALA 2021-07-20 08:15:17

Formation of paid up capital after establishing a new company or purchasing land alone in the name of a company would not be considered as visible investment to avail money whitening opportunity. Peo...

OPEC+ countries agree to boost oil supply from August

OPEC+ countries agree to boost oil supply from August

-- 2021-07-19 16:45:26

Ministers of OPEC+ countries agreed on Sunday to boost oil supply from August to cool prices as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and...

Climate change mitigation and role of private sector

Climate change mitigation and role of private sector

-- 2021-07-19 15:18:38

With global temperatures rising, along with changing weather patterns, sea-level rise, increases in droughts and floods, the world’s most vulnerable populations are facing ever-increasing risks,...