Search results for: Trade

Factoring cuts biz cost, simplifies transactions

FE REPORT 2020-09-09 09:35:59

Factoring can help businesses get payment of their invoices within short time cutting the overall cost of doing business, maximising profit and simplifying international transactions. Experts said th...

  Rejoinder

-- 2020-09-08 23:17:21

The following is a rejoinder sent by the lawyer of Tiger IT against the news report dated 16/08/2020 under the headline “Smart Driving Card in two months” published by The Financial Expr...

Govt to set up light engineering industrial park in five districts

-- 2020-09-08 19:11:38

The government is planning to set up dedicated light engineering industrial park at five districts – Dhaka, Narayanganj, Jashore, Bogura and Narsingdi- to harness the immense potential of the do...

BIDA merges services of four power distribution cos into OSS

-- 2020-09-08 17:48:15

The Bangladesh Investment Development Authority (BIDA) has integrated the services of four power distribution companies into its virtual one-stop service (OSS) for improving the ease of doing business...

Imported goods under open sky in Benapole

-- 2020-09-08 16:33:17

Imported goods worth millions of takas are lying under the open sky in Benapole land port due to a shortage of storage space and a cumbersome clearance process at the land port The quality of the pro...

Chattogram traders end strike, resume onion sale

-- 2020-09-08 16:12:59

Traders at Khatunganj wholesale market in Chattogram resumed selling onion on Tuesday, a day after they shut their businesses protesting against a drive by mobile court. Wholesale traders started sel...

Cyber threats: Limited ATM Booth operation likely to continue

-- 2020-09-08 15:40:09

Most of the banks in the country are keeping their ATM (automated teller machine) Booth operation suspended for 6-8 hours at night following an alert issued by Bangladesh Bank on possible cyber hackin...

BIDA to integrate services of four power distribution cos into OSS

FE REPORT 2020-09-08 11:06:44

The Bangladesh Investment Development Authority (BIDA) is going to integrate the services of four power distribution companies into its virtual one-stop service (OSS) to help facilitate businesses. T...

Move to strengthen boiler inspection activities

FE REPORT 2020-09-08 11:00:18

The government has taken an initiative to strengthen boiler inspection activities to check accidents in the industrial sector, an official said. As part of the move, the office of the Chief Inspector...

Pandemic hits community centres hard

REZAUL KARIM 2020-09-08 09:26:07

Business activities of the community and convention centres as well as catering services across the country have virtually come to a halt due to the Covid-19 pandemic, industry insiders said. The ent...

DIFE files 1,429 cases in FY 2018-19

FE ONLINE REPORT 2020-09-07 16:15:10

The Department of Inspection for Factories and Establishments (DIFE) filed a total of 1,429 cases in the fiscal year 2018-19. Of them, 844 cases have been settled during the period, the DIFE reveal...

Emirates returns $1.4b to customers in Covid-19 travel refunds

FE Online Desk 2020-09-07 16:04:12

Emirates has returned over US$ 1.4 billion in Covid-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds. More than 1.4 mill...

RPA can be a game changer for financial sector

FE Online Desk 2020-09-07 12:21:57

Robotic Process Automation or RPA has emerged as the starting point for digital transformation in financial sector as well as other sectors. According to Gartner, 85% of companies with more than $1...

Internet banking: Fund transfer limit revised

FE REPORT 2020-09-07 10:14:22

The central bank has revised the upward limit of fund transfer through internet banking significantly to promote touchless transaction, amid pandemic. In a circular issued on Sunday, the institutiona...

Chittagong port to destroy 5.0MT hazardous chemicals

NAZIMUDDIN SHYAMOL 2020-09-07 09:52:19

CHATTOGRAM: A total of five metric tonnes (MT) of date-expired hazardous chemicals which remained stored at P-Shade of the Chittagong Port for one decade will be destroyed to make the port risk-free....

Bangladesh RMG exports to US drop 18.54pc in Jan-July

MONIRA MUNNI 2020-09-07 09:29:07

Bangladesh's apparel exports to its single largest destination - the US - declined by 18.54 per cent during the first seven months of 2020 calendar year, compared to the same period of last year, most...

Janata tops government-run banks with bad debts

-- 2020-09-06 21:53:04

The state-owned commercial banks (SOCBs) had Tk 410.58 billion in bad debt combined in the last year, the bulk of which went to beneficiaries of Janata Bank. Finance Minister AHM Mustafa Kamal reveal...

Owners can use vehicles under multiple ride-sharing companies

FE ONLINE REPORT 2020-09-06 21:18:19

The government has amended the ride-sharing policy allowing a single vehicle to get enlisted with more than one company. According to the amended policy, car owners will have to pay separate fees for...

State minister asks BSCIC to set up only factories, not other establishments

-- 2020-09-06 17:13:09

State Minister for Industries Kamal Ahmed Mojumder has given strict instructions not to set up any kind of establishments other than industrial factories in the industrial cities of Bangladesh Small a...

Postal Department receives Tk 11.2m as earnings from Nagad

-- 2020-09-06 17:05:34

Nagad, the state-owned mobile financial service, on Sunday gave Tk 11,215,576 to the postal department as part of the earnings. Tanvir Ahmed Mishuk, managing director of Nagad, handed over a check to...

Emirates resumes services to two Nigerian cities

FE Online Desk 2020-09-06 16:07:34

Emirates has resumed its passenger services to Lagos (7 September) and Abuja (9 September) in Nigeria.The resumption of flights to both Nigerian cities takes Emirates’ African network to 13 dest...

Amazon bans sales of foreign plants in US amid seed packet mystery

-- 2020-09-06 12:05:19

Amazon.com Inc said it has banned foreign sales of seeds in the United States after thousands of Americans received unsolicited packages of seeds in their mailboxes, mostly postmarked from China. The...

Work on SEZ for Japan outpaces two others

MUNIMA SULTANA 2020-09-06 11:09:57

Only three country-specific special economic zones (SEZs) have so far made some progress in implementation and, of them, the Japanese one made the faster headway and was getting ready to host foreign...

Debenhams fires all employees of its Dhaka liaison office

FE REPORT 2020-09-06 10:35:26

The UK-based retail company, Debenhams, has fired all 69 employees of its Dhaka liaison office during the Covid-19 pandemic, without paying their lawful benefits. Debenhams Bangladesh Employees' Unio...

Veg, spices remain too costly

FE REPORT 2020-09-06 10:20:26

Prices of most of the vegetables and key spices which soared recently at the city kitchen markets remained at their previous high on Saturday as a result of ongoing floods in the northern districts, t...

Offshore bidding: Pandemic forces govt to defer plan

M AZIZUR RAHMAN 2020-09-06 10:03:33

The government has shelved the plan to launch a fresh bidding for offshore drilling, fearing poor response from the potential global players due to the coronavirus pandemic. "We are not thinking of l...

Shortfall fear makes rice market volatile

DOULOT AKTER MALA AND YASIR WARDAD 2020-09-06 09:37:25

A three-phase natural calamity, COVID-19 pandemic and the perceived fear of production shortfall are making the country's rice market volatile. The fear of staple shortage deepened after multiple nat...

Experts urge govt to test Johnson & Johnson baby powder

FE ONLINE REPORT 2020-09-05 19:13:14

Experts have urged the government to ensure an immediate laboratory-based test to Johnson & Johnson Talc--based baby powder for allegedly carrying cancer developing chemical, asbestos, in it. Exp...

Bus registration doubles in nearly a decade

FE Online Report 2020-09-05 15:49:50

The number of bus registration in the country has almost doubled in nearly a decade, thanks to people’s growing purchasing power as well as soaring economy, according to an official data. A tot...

BD requests Japan to extend DFQF access

FE REPORT 2020-09-05 10:25:06

Dhaka has urged Tokyo to continue duty-free and quota-free (DFQF) access to Japanese market for five more years even after it graduates from the least-developed country (LDC) status in 2024. Commer...