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The Financial Express

Search results for: trade

Coronavirus: GP starts virtual townhall with over 1,600 employees

-- April 08, 2020 18:45:19

Grameenphone CEO Yasir Azman on Wednesday said they started virtual townhall with more than 1,600 employees amid the outbreak of coronavirus.  “We have a critical role to play to keep the...

Global partners urged to honour terms of RMG purchasing contracts

FE Online Report April 08, 2020 11:53:10

Bangladesh, along with five other garment manufacturing countries, has urged global brands, retailers and traders to consider all potential impacts on workers and small businesses in supply chains whi...

BD usually applies high tariff on PPE, cut it last month

FE ONLINE REPORT April 08, 2020 11:37:31

Bangladesh usually maintains one of the highest average MFN (Most Favoured Nation)-applied tariffs on personal protective equipment (PPE), according to the latest report of the World Trade Organisatio...

Ministry seeks import data on salt from NBR

FE Report April 08, 2020 11:33:55

The industries ministry has asked the National Board of Revenue (NBR) to provide data on import of salt and sodium sulphate for last three and current fiscal years. The move aims at fixing the figure...

World watches Italy as businesses plead to return to work

REUTERS April 08, 2020 10:29:35

Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can ext...

Lockdown causes labour shortage in harvest time

Yasir Wardad April 08, 2020 10:03:38

Shortage of labourers amid the prevailing lockdown has currently emerged as a major impediment for farmers across the country, especially in harvesting Boro crop in the haor region. Harvest of matu...

Port store rent waiver: Importers start taking delivery of goods

NAZIMUDDIN SHYAMOL April 08, 2020 09:40:10

The stockpile of the containers at the Chittagong port, the prime sea port of the country, is likely to decrease next week as the authority exempted the port store-rent for delivery of the imported...

Many garment units operate defying order

MONIRA MUNNI April 08, 2020 09:30:05

Nearly 100 textiles and clothing factories were open on Tuesday, defying industry lobby groups' decision on the closure until April 14, part of the national attempt to slow the spread of virus, poli...

Small businesses cry for stake in support package

FHM Humayan Kabir April 08, 2020 09:03:07

"My restaurant has remained shut for 10 days now due to coronavirus. I've lost my daily earnings. All my 11 cooks and hotel boys are waiting for their wages." "Who will give me support now?" This is...

NBR to expand import customs assessment at Ctg port

DOULOTAKTER MALA April 08, 2020 08:23:33

The National Board of Revenue (NBR) has decided to expand the customs assessment work at ports covering all imports barring the commercial ones during the ongoing shutdown that is now in place to chec...

‘Pay workers’ salaries for March within April 16’

-- April 07, 2020 20:04:06

Commerce Minister Tipu Munshi has urged owners of industries to pay salaries to their workers for the month of March within April 16. The minister also urged them not to dismiss any worker amid the o...

Chinese contractor of Pamda bridge project donates PPE

-- April 07, 2020 20:03:50

China Railway Group Limited (CREC), the contractor of Padma Bridge Rail Link Project (PBRLP) and the parent company of the contractor of Padma Multipurpose Bridge Project, on Tuesday donated Personal...

Marico donates Tk 5.0m to PM’s Relief and Welfare Fund

FE Online Desk April 07, 2020 17:57:49

To support the Government’s efforts in the fight against COVID-19, Marico Bangladesh has contributed Tk 5.0 million to the Prime Minister’s Relief and Welfare Fund recently.  Marico...

Midland Bank donates Tk 1.0m to PM Fund

FE Online Desk April 07, 2020 17:45:33

The Management of Midland Bank Limited has donated Tk 1.0 million to Prime Minister’s Relief and Welfare Fund to help fight the coronavirus.  The Management of the Bank has contributed thi...

S Alam Group provides PPE, food items

FE Online Desk April 07, 2020 17:17:37

S Alam Group, one of the largest industrial groups of the country, is working to prevent the spread of the Corona virus (COVID-19) in the country. This collaborative work is being carried out under th...

Samsung Q1 profit beats estimates despite coronavirus

Reuters April 07, 2020 12:19:07

Samsung Electronics said on Tuesday its first-quarter (Q1) operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronaviru...

Tax file assessment: Discretion, not rules, becomes norm

DOULOT AKTER MALA April 07, 2020 09:39:34

People are subjected to discrimination during assessment of their tax files due to the absence of a central guideline from the National Board of Revenue, or NBR. The intervention by tax commissioners...

TCB trucks fail to meet demand despite thin consumers' presence

TALHA BIN HABIB April 07, 2020 08:37:42

The dealers appointed by the Trading Corporation of Bangladesh (TCB) have posted trucks at different parts of the city on Monday, but with a very limited number of items. As a result, the consumers a...

Some conditions for milk food products import put on hold over COVID-19

FE Report April 07, 2020 08:35:06

In the wake of COVID-19 pandemic, the government has temporarily put on hold some conditions for importing all kinds of milk food products including baby milk, officials said. From now on, importer...

Coronavirus care: Incepta ceases Reconil export

FE REPORT April 07, 2020 08:26:28

Incepta Pharmaceuticals has stopped exporting Hydroxychloroquine under the brand name 'Reconil' to meet its possible demand to fight COVID-19 here. It has also scaled up production of the medicine th...

BPC set to cease imports of petroleum products in May

M AZIZUR RAHMAN April 07, 2020 08:14:41

State-run Bangladesh Petroleum Corporation, or BPC, is set to cease imports of petroleum products in May as the ongoing nationwide shutdown to combat the coronavirus pandemic has dented domestic deman...

RMG units shut until April 14

Monira Munni April 07, 2020 07:54:51

Leaders of the apparel sector trade-bodies, after a meeting on Monday, decided to keep ready-made garment (RMG) factories closed until April 14 in line with the public holiday, following much criti...

Vehicle importers demand port fare exemption

-- April 06, 2020 20:44:50

Motor vehicle importers have urged the government to exempt port fare as the coronavirus outbreak continues to spread in the country. According to UNB, they also sought suspension of car auction unti...

Tougher punishment for using harmful chemicals in fish

-- April 06, 2020 19:59:41

A draft law has proposed harsher punishment for marketing and exporting fish or fish products mixing harmful chemicals. The Cabinet on Monday approved the draft of the Fish and Fish Products (Inspect...

Over 100 RMG factories remain open despite lockdown

-- April 06, 2020 14:54:43

More than 100 garment factories remained open in Savar and Ashulia ignoring safety concerns of the workers and calls to shut down amid concerns over a coronavirus outbreak in the country, according to...

‘Coordinated stimulus key to post-corona success’

FE ONLINE REPORT April 06, 2020 14:27:42

Collective efforts will be required to overcome the negative effects of the Covid-19 pandemic worldwide on Bangladesh’s exports and remittance earnings. Saying this, president of American Chamb...

China Harbour donates rice for corona-hit people of Anwara upazila

FE Online Desk April 06, 2020 12:57:14

China Harbour Engineering Company Ltd (CHEC), an international company of China recently donated rice for the corona affected poor people of Anwara Upazilla in Chattogram. Xu Duo, a representative of...

No penal rent if goods cleared during ongoing holidays: CPA

FE ONLINE REPORT April 06, 2020 12:18:51

Chittagong Port Authority, or CPA, has said consignees will not require any mandatory payment of penal rents if they clear their goods from the port yards during the ongoing general holidays ending Ap...

Cut charges, include shippers in stimulus

FE REPORT April 06, 2020 10:35:42

The Bangladesh Container Shipping Association (BCSA) urged the government on Sunday to reduce some tariffs and charges to offset their loss amid the ongoing Covid-19 outbreak. The BCSA noted that t...

MoC seeks help of line ministries Smooth supply of goods  

FE REPORT April 06, 2020 10:31:17

The Ministry of Commerce (MoC) has sought line ministries' help to ease production, transportation and supply of essential items like baby food and medical equipment during the Covid-19 outbreak. The...