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The Financial Express

Search results for: trade

Coronavirus: Toyota suspends vehicle production in Vietnam

-- March 31, 2020 11:41:19

Toyota Motor Vietnam (TMV) has temporarily suspended vehicle production in order to prevent the coronavirus (COVID-19) outbreak from spreading, Vietnam News Agency reported. The outbreak has impacted...

RHD to settle claims through third party

Munima Sultana March 31, 2020 10:15:06

The Roads and Highways Department (RHD) has started the process of settling the Tk 5.0-billion claims of Japanese contractors through a third-party opinion. The builders worked on a big project to...

Coronavirus: American Airlines to seek $12b US government aid

-- March 31, 2020 09:52:47

American Airlines has confirmed it will seek $12 billion (£9.7 billion) of financial support from the US government because of the impact of coronavirus. Employees were told in an email this "w...

Businessmen find fresh pursuits amid shutdown

JASIM UDDIN HAROON March 31, 2020 09:43:54

Businessmen have been passing time by reading books, watching videos or doing indoor exercise as they stay home, compelled by nationwide shutdown. Some said they have been involved in office work ove...

Buyers cancel orders worth $2.87 billion: BGMEA

-- March 30, 2020 20:23:18

Buyers have so far cancelled orders of readymade garment (RMG) products worth US$ 2.87 billion till Monday afternoon in the wake of coronavirus outbreak, according to BGMEA sources. About 1,041 facto...

EU ombudsman rejects plea to withdraw GSP for Bangladesh

Mir Mostafizur Rahaman March 30, 2020 19:43:07

The Office of the Ombudsman of the European Union (EU), turned down the plea for withdrawal of GSP facilities by the EU for Bangladesh for violating labour rights. The EU Ombudsman also declared the...

Prices of essentials decline significantly in Dhaka kitchen markets

-- March 30, 2020 18:28:54

The prices of daily essentials fell significantly in Dhaka’s kitchen markets as hundreds of thousands of people left the capital during the government announced holiday to prevent the spread of...

Getting through COVID-19 together

-- March 30, 2020 18:11:01

In a letter to the customers, Mr Rahel Ahmed, managing director and CEO of Prime Bank Limited urges all to maintain social distance to combat coronavirus and also assures that the bank will continue t...

Vietnam asks mask firms to increase production to 5m a day

-- March 30, 2020 15:38:51

Vietnam has asked its local mask producers to ramp up their production to make 5.0 million masks a day, the government said on Monday, as coronavirus cases in the country rise to 200. “The Mini...

Carew steps up production of hand sanitizer to meet growing demand

FE Online Report March 30, 2020 15:10:29

The state owned Carew & Co (Bangladesh) Ltd has ramped up its production of hand sanitizers following the growing demand of it among the people, official said. The company has been producing hand...

Three months that shook global markets

REUTERS March 30, 2020 10:37:44

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depressio...

Toyota says most Europe plants won't restart until April 20 at earliest

Reuters March 30, 2020 10:35:16

Toyota Motor said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until further notice, with a restart expected no earlier than April 20. Wi...

Malware found in BB server, again

SYFUL ISLAM March 30, 2020 10:10:40

The data server of Bangladesh Bank is again found to be at risk of cyber attack due to malware transmission, officials have said. The Bangladesh Computer Council, or BCC, has warned the central bank...

Online food delivery business takes a big hit

YASIR WARDAD March 30, 2020 10:08:54

Online food delivery business in the country has been going through tough times in the wake of coronavirus pandemic. Despite lucrative offers extended to customers, online food orders witnessed a d...

Sharp fall in global LNG prices: Petrobangla makes hefty profit

M AZIZUR RAHMAN March 30, 2020 09:45:59

Global spread of the coronavirus pandemic and subsequent fall in liquefied natural gas (LNG) prices in international market turned to be a 'boon' for the state-run Petrobangla. Like another major fue...

H&M won't place new orders now

MONIRA MUNNI March 30, 2020 09:38:54

H&M, one of the country's largest global apparel buyers, has decided to temporarily suspend placing new orders to its listed supplier factories in Bangladesh amid the coronavirus outbreak. Sour...

Qatar Airways to continue flight operations

-- March 29, 2020 16:38:07

Qatar Airways will continue flight operations as long as necessary to get stranded travellers home, Chief Executive Akbar al-Baker said on Sunday, but warned that the carrier could soon run out of cas...

BGMEA wants to export PPE after meeting local demand

-- March 29, 2020 16:27:43

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to export personal protective equipment (PPE)  after meeting domestic demand as their demand is growing across the glo...

Two Indian refiners declare force majeure on Mideast oil supply

REUTERS March 29, 2020 12:25:38

Two Indian refiners declared force majeure on crude purchases from the Middle East on Friday after fuel demand plummeted due to a nationwide lockdown to stem the spread of coronavirus and the companie...

US turns to B'desh for protective virus gear

MIR MOSTAFIZUR RAHAMAN March 29, 2020 12:00:29

The United States wants to buy 25 types of coronavirus protective gear from Bangladesh. The US Embassy in Dhaka recently submitted a list of the items to the foreign ministry. While commenting on th...

City consumers witness short supply of few grocery items

YASIR WARDAD March 29, 2020 11:49:27

The city consumers witnessed short supply of few grocery items on Saturday, the third day of the ten-day holiday declared by the government amid coronavirus pandemic. There were shortages of pasteuri...

ICT sector wants grant, soft loan

Ismail Hossain March 29, 2020 11:45:12

The country's software and information sector has sought a special compensation or grant package for the sector to run their business amid coronavirus outbreak. They also wanted a special soft loan a...

Coronavirus fallout: Ceramic industry seeks Tk 10b survival package

FE REPORT March 29, 2020 11:11:46

The country's ceramic ware manufacturers have requested the government to allocate an emergency fund of Tk 10 billion for them to tackle the adverse impact of coronavirus pandemic on the industry. Ba...

80pc member RMG factories closed

FE REPORT March 29, 2020 10:52:47

The majority of the country's readymade garment (RMG) factories remained closed on Saturday amid the ongoing coronavirus pandemic, according to the sector trade bodies. The workers of some factories,...

World’s largest glove maker sees shortage as coronavirus fight spikes

-- March 29, 2020 10:37:52

Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronav...

Poultry, fisheries, livestock sectors made tax-free

FE REPORT March 29, 2020 09:52:25

The National Board of Revenue, or NBR, has waived advance tax on the import of materials for producing poultry, fisheries and livestock feed to support the sector. The import of soybean meal, corn gl...

BPC pushes for cleaner fuel supply from July

M AZIZUR RAHMAN March 29, 2020 09:43:52

The state-run Bangladesh Petroleum Corporation, or BPC, is in talks with global oil suppliers to ensure supply of cleaner fuel from next July. Bangladesh will be importing 0.005 per cent sulfur gas...

IPDC pays depositors’ interest in advance to help prevent spread of COVID-19

FE Online Desk March 28, 2020 16:00:24

IPDC Finance Limited, the first private financial institution established in 1981, has paid their depositors’ interest in advance so that they can stay relaxed and safe at their homes to prevent...

Banks to remain open in limited scale from tomorrow

-- March 28, 2020 11:37:30

Banks will remain open in limited scale from tomorrow (Sunday) to facilitate the financial transaction for their clients though the government has declared general holidays from March 29 to April 2....

How the coronavirus crisis is affecting global food supply

REUTERS March 28, 2020 11:16:38

Like other parts of the global economy, food supply chains have been disrupted by the coronavirus pandemic and empty supermarket shelves have become a symbol of the crisis. Are we facing food shortag...