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The Financial Express

Search results for: trade

‘Big blow to country’s growing tourism & hospitality industry’

FE ONLINE REPORT April 02, 2020 11:31:04

Global spread of COVID-19, the disease caused by the virus SARS-coV-2, and its containment measures, including a ‘lockdown’ in Bangladesh, have already appeared as a very big blow to the c...

BGBA suggests forming special cell, action plan

Monira Munni April 02, 2020 11:18:50

Local garment buyers have proposed formation of a special cell for ready-made garment (RMG) sector, comprising of all related stakeholders, to address the problems that surfaced due to the worldwide...

BUILD moots Tk 500b virus fund  

FE REPORT April 02, 2020 11:11:26

The Business Initiative Leading Development (BUILD) has made a set of suggestions, including creation of a Tk 500 billion 'National Economic Fund (NEF) by the government, to address the possible shock...

Limited banking for five more days likely  

FE REPORT April 02, 2020 11:08:26

The central bank is set to extend banking services on a limited scale for another five workdays to help curb coronavirus transmission. The banks might be asked to provide limited services from April...

British Airways could suspend 36,000 employees

-- April 02, 2020 09:57:24

British Airways is expected to announce a suspension of about 36,000 of its employees, according to a BBC report run by the Reuters Thursday. The airline has reached a broad deal with Unite union tha...

Industries having export orders free to operate

FE REPORT April 02, 2020 09:39:46

The government has not yet issued any instruction regarding the closure of industrial units, including the ready-made garments (RMG) factories, Commerce Minister Tipu Munshi said on Wednesday. Indust...

Farmers suffer for low demand, supply crunch

YASIR WARDAD April 02, 2020 09:32:11

Supply chain disruptions, coupled with low demand, have put a strain on farmers following the ongoing surreal situation amid the coronavirus pandemic, insiders said. As Bangladesh has almost been o...

Corona hits work on mega projects

Munima Sultana April 02, 2020 09:27:02

Mega ongoing projects like Padma Bridge, metro rail and Matarbari power plant have hit speed bumps as local employees have left the sites in fear of coronavirus. Some areas, including Padma Bridge an...

China Harbour donates corona prevention and diagnostic kits

-- April 01, 2020 21:24:31

China Harbour Engineering Company Limited (CHEC), a state owned company of China has come forward to help Bangladesh in its fight against coronavirus. The company has donated 3,000 coronavirus detect...

EBL donates Tk 50m to PM’s relief fund

FE Online Desk April 01, 2020 19:10:34

Eastern Bank Ltd (EBL) has donated BDT 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus. The bank handed over the money through Bangladesh Associat...

‘RMG sector to get loan on 2.0pc interest’

-- April 01, 2020 18:45:45

Commerce Minister Tipu Munshi has said the readymade garment (RMG) industry will get loan on two per cent interest.  “It isn’t a grant. The loan will have to be repaid within a certa...

Hili land port sees zero crossing for the first time in 48 yrs

-- April 01, 2020 18:36:13

For the first time since 1972, no passenger crossed the border through Hili check post on Tuesday as India is enforcing a countrywide lockdown and Bangladesh has limited the movement of people to cont...

India likely to soon ease some drug export curbs after U.S. pressure

REUTERS April 01, 2020 16:06:25

India will likely relax some export restrictions on pharmaceutical products soon due to intense pressure from the United States, which is worried about drug shortages as the number of coronavirus case...

Clothing brands abandon BD workers in pandemic: HRW

-- April 01, 2020 15:59:19

More than 95 per cent of brands and retailers refused to contribute to the cost of partial wages for garment factory workers who were temporarily suspended in Bangladesh. A study was conducted by the...

EBL donates Tk 50m to PM’s relief fund to combat corona

FE Online Desk April 01, 2020 14:48:52

Eastern Bank Ltd (EBL) made a contribution of Taka 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus, says a press statement on Wednesday. The bank...

Benapole port closure leaves over 2,000 workers jobless

-- April 01, 2020 13:52:39

Over 2,000 workers of Benapole Land Port have been jobless for past nine days as the export-import activities through the port remained suspended since March 24 in a bid to prevent the spread of coron...

Top apparel brands to take delivery of goods

MONIRA MUNNI April 01, 2020 10:39:29

A number of top global apparel brands on Tuesday assured their local suppliers that they (brands) would receive shipments of goods already produced, sources said. The buyers include M&S, Target,...

BTRC set to issue NOC to GP 'partly'

FE Report April 01, 2020 10:29:40

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to start issuing no objection certificate (NOC) 'partly' to the country's largest mobile phone operator Grameenphone (GP). In...

Poultry industry estimates losses of Tk 11.50b, seeks govt intervention

FE REPORT April 01, 2020 10:23:26

The local poultry industry and related businesses were facing substantial losses due to the coronavirus outbreak, industry insiders said. They estimated the losses to be Tk 11.50 billion till April 0...

CCCI submits proposals on virus support  

OUR CORRESPONDENT April 01, 2020 10:13:54

The Chattogram Chamber of Commerce and Industry (CCCI), the oldest trade body of the country, has submitted ten proposals to the government for saving the trade and business, export and import in the...

Open mkt sale of essentials from today

FE Report April 01, 2020 09:54:34

The government is set to launch open market sale (OMS) of key essential items today (Wednesday) to keep prices within the buying capacity of the common people ahead of upcoming Eid-ul-Fitre. Trading...

80pc export-oriented factories to get loans

FE REPORT April 01, 2020 09:47:53

Manufacturing units, having at least eighty per cent export-oriented business, will be eligible to get loans from the government-announced Tk 50-billion stimulus package, designed to pay salary of the...

Migrants in Malaysia feel the virus pain

Arafat Ara April 01, 2020 09:42:00

Bangladeshis working on a contract basis in Malaysia are worried about their future as they remain out of work due to the lockdown to fight the spread of new coronavirus there, workers and insiders...

Virus fallout: Delivery of perishables at Ctg port slows

JASIM UDDIN HAROON April 01, 2020 09:41:52

The delivery of perishable goods from refrigerated containers at the Chittagong port has slowed in the aftermath of the new coronavirus outbreak in the country, officials say. A refrigerated containe...

Power generation plunges as businesses remain shut

FE Report April 01, 2020 09:26:40

Electricity generation across the country dropped by around 20 per cent due to a fall in its demand as most of industrial units, offices and businesses remained shut to stem the spread of Coronavirus....

Coronavirus: Mobile internet trends up, number of voice call drops

-- March 31, 2020 20:04:20

A surge in the use of mobile internet data has been offset by a drop in the number of voice calls in Bangladesh amid a nationwide shutdown over the spread of the coronavirus, according to telecom oper...

UK supermarket visits jump by 79m before coronavirus lockdown: Nielsen

-- March 31, 2020 13:39:46

Britons made over 79 million extra grocery shopping trips in the four weeks to March 21 year-on-year as they stocked their “pandemic pantries”, driving a 20.5 per cent jump in supermarket...

Ford teams up with GE, to build 50,000 ventilators

Reuters March 31, 2020 12:41:54

Ford Motor said on Monday (US standard time) it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can then...

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...