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The Financial Express

Search results for: Trade

Bangladesh urges India to withdraw ban on onion export

Bangladesh urges India to withdraw ban on onion export

-- 2020-09-15 19:18:55

Bangladesh has requested the Indian government to withdraw the ban imposed on onion export as soon as possible, keeping the import flow of onion from India uninterrupted. Bangladesh expects a positiv...

BSTI gives approval to put 5-star Energy Rating Label on Konka refrigerators, freezers

BSTI gives approval to put 5-star Energy Rating Label on Konka refrigerators, freezers

-- 2020-09-15 17:31:44

Bangladesh Standards & Testing Institution (BSTI) gave approval to put 5-star Energy Rating Label on five models of Konka refrigerators and freezers recently. The more stars on the Energy Rating...

Oil demand recovery poised to slow: IEA

Oil demand recovery poised to slow: IEA

REUTERS 2020-09-15 15:36:39

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The Paris-based IEA cut its 2020 outlook b...

Apparel industry can thrive on effective B2B

Apparel industry can thrive on effective B2B

FE DESK REPORT 2020-09-15 10:12:32

The Hongkong and Shanghai Banking Corporation Limited (HSBC), Serai Limited and Bangladesh Garments Manufacturers and Exporters Association (BGMEA) jointly held a virtual webinar recently and discusse...

Cold-tolerant HYV rice for haor underway

Cold-tolerant HYV rice for haor underway

FE REPORT 2020-09-15 10:07:48

Bangladesh is expecting cold-tolerant rice varieties for haor (wetland) region that can be harvested before the start of seasonal flash flood. To this effect, a five-year project was launched on Mond...

BIDA eyes higher tax payment score

BIDA eyes higher tax payment score

Doulot Akter Mala 2020-09-15 10:02:22

BIDA has projected to raise the country's paying tax score to 64.8 out of 100 from the existing 56.1 by 2021 in order to improve the nation's ease of doing business ranking. The Bangladesh Investme...

Japanese JV firm's claim of Tk.5.0b as reward: RHD may go for int'l arbitration

Japanese JV firm's claim of Tk.5.0b as reward: RHD may go for int'l arbitration

Munima Sultana 2020-09-15 09:38:06

The Roads and Highways Department (RHD) is likely to go for international arbitration to settle the Tk 5.0 billion claim of a Japanese joint-venture construction firm that have built three important...

Furniture industry, yet another victim of Covid

Furniture industry, yet another victim of Covid

MONIRA MUNNI 2020-09-15 09:17:25

The country's furniture makers, especially the small and 'unbranded' ones, have been badly affected by the ongoing Covid-19 pandemic. The people involved in furniture business said overall sales of f...

India bans onion exports

India bans onion exports

-- 2020-09-14 21:06:20

India has prohibited the export of all varieties of onion except those which are in cut, sliced or powder form. “The export of all varieties of onion is prohibited with immediate effect,”...

Konka refrigerator models secure Five-Star Energy Rating

Konka refrigerator models secure Five-Star Energy Rating

-- 2020-09-14 19:33:18

Five models of Konka refrigerator have secured globally-recognised Five-Star Energy Rating from Bangladesh Standards and Testing Institution (BSTI). The BSTI gave its consent to put label of Five-Sta...

Fossil fuel consumption to shrink for first time in history

Fossil fuel consumption to shrink for first time in history

-- 2020-09-14 18:12:29

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand,...

Gulf’s fiscal recipe at deeper pain risks as oil price uncertainty lingers

Gulf’s fiscal recipe at deeper pain risks as oil price uncertainty lingers

REUTERS 2020-09-14 16:14:48

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is...

Amazon hiring 100,000 more workers to keep pace with online shopping surge

Amazon hiring 100,000 more workers to keep pace with online shopping surge

-- 2020-09-14 13:56:08

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - to keep pace with e-commerce demand that jumped during...

ADB gives Pran Dairy $10m loan in pandemic

ADB gives Pran Dairy $10m loan in pandemic

-- 2020-09-14 13:55:35

The Asian Development Bank and Pran Dairy Ltd, a member of one of the biggest food and agribusiness groups in Bangladesh, have signed a $10 million loan agreement to support dairy value chain during t...

Abandoning coal in power generation is right move: CPD

Abandoning coal in power generation is right move: CPD

FE ONLINE REPORT 2020-09-14 12:08:02

Appreciating the government’s step to abandon coal in power generation, a leading think-tank of the country termed it as ‘a right move.’ The Centre for Policy Dialogue (CPD), howeve...

ByteDance eyes partnership with Oracle after dropping Tiktok’s US sale

ByteDance eyes partnership with Oracle after dropping Tiktok’s US sale

REUTERS 2020-09-14 11:08:25

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people famil...

Motorbike business revives shaking off pandemic sloth

Motorbike business revives shaking off pandemic sloth

ADNAN HOSSAIN BHUIYAN 2020-09-14 10:06:23

Motorbike business in the country, after facing a setback following spread of the Covid-19 pandemic, has started picking up again since June due to resumption of normal traffic and other economic ac...

State rail operator fares badly

State rail operator fares badly

MUNIMA SULTANA 2020-09-14 10:01:20

With the highest budgetary allocation in the past five years, the Bangladesh Railway's (BR) performance has been recorded unsatisfactory as it failed to attain most of the targets. According to offic...

Govt fixes wages for leather sector

Govt fixes wages for leather sector

FE REPORT 2020-09-14 09:46:39

The government has fixed Tk 7,100 as minimum monthly wages for the workers of the country's leather goods and footwear sector. The ministry of labour and employment issued a gazette notification in t...

Bangladesh lacks platform to issue trade docs electronically

Bangladesh lacks platform to issue trade docs electronically

SYFUL ISLAM 2020-09-14 09:33:17

Bangladesh lacks required platform to issue documents electronically for facilitating trade under bilateral and regional treaties, frequently disrupting export of goods. Until now, most of the trade...

Power demand-supply mismatch: Master plan revision on the cards

Power demand-supply mismatch: Master plan revision on the cards

M AZIZUR RAHMAN 2020-09-14 09:19:52

The widening gap between the country's overall electricity generation capacity and demand has forced the government to revise the Power System Master Plan, or PSMP, two years after its adoption. A se...

Govt starts open market sales of onion across the country

Govt starts open market sales of onion across the country

FE Online Report 2020-09-13 20:10:50

The government started open market sales (OMS) of onion across the country from Sunday to keep prices of the vegetable within the reach of commoners. However, onion prices witnessed a further hike in...

HSBC, Serai, BGMEA talk about way forward for RMG sector

HSBC, Serai, BGMEA talk about way forward for RMG sector

-- 2020-09-13 16:55:02

The Hongkong and Shanghai Banking Corporation Limited (HSBC), Serai Limited and Bangladesh Garments Manufacturers and Exporters Association (BGMEA) joined hands together to discuss Bangladesh’s...

India plans to restrict copper, aluminium imports with an eye on China

India plans to restrict copper, aluminium imports with an eye on China

-- 2020-09-13 16:29:36

India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers, said two governmen...

SUV registration doubles in nearly a decade

SUV registration doubles in nearly a decade

FE Online Report 2020-09-13 15:48:38

The number of sport-utility vehicles (SUV) registration in the hard/soft category in the country has doubled in nearly a decade, thanks to people’s growing purchasing power as well as soaring ec...

Poll shows India’s August inflation above target range

Poll shows India’s August inflation above target range

REUTERS 2020-09-13 11:20:58

India’s retail inflation likely stayed above the Reserve Bank of India’s medium-term target range in August for the fifth straight month as supply disruptions kept food and fuel prices hig...

Workers' biometric database: Many BKMEA members missing

Workers' biometric database: Many BKMEA members missing

FE REPORT 2020-09-13 09:51:55

Many knitwear makers are yet to pay heed to their trade body's repeated call to introduce workers' biometric database since the move was taken five years back, sources said. Bangladesh Knitwear Man...

Pilot project launched to build 'zero waste community'

Pilot project launched to build 'zero waste community'

FE REPORT 2020-09-13 09:45:24

A pilot project has been launched to manage solid waste in the country aiming to build 'zero waste community'. A huge amount of waste remains uncollected in big cities, speakers said at a virtual eve...

A true leader is always simple and humble: Rubana Huq

A true leader is always simple and humble: Rubana Huq

FE REPORT 2020-09-13 09:35:23

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr. Rubana Huq Saturday said a true leader is always simple and humble. Speaking on leadership, the first ever female p...

Barapukuria coal mine: Production resumes on trial basis

Barapukuria coal mine: Production resumes on trial basis

M AZIZUR RAHMAN 2020-09-13 09:32:01

The production at the country's lone operational coal mine at Barapukuria in northern Dinajpur started on a trial basis in a new phase this week, following a cease in production for four months since...