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Search results for: trade

Biman seeks Tk 15b loan from BB

Biman seeks Tk 15b loan from BB

-- 2020-04-23 20:11:47

Biman Bangladesh Airlines has sought Tk 15 billion loan from Bangladesh Bank (BB) to finance its activities during lockdown amid global coronavirus pandemic. Md Mokabbir Hossain, managing director (M...

BB extends banking transaction time by an hour

BB extends banking transaction time by an hour

-- 2020-04-23 19:48:39

Bangladesh Bank (BB) has extended the transaction period of all banks in Dhaka and Chattogram commercial areas by an hour to 2pm amid the coronavirus shutdown. According to a bdnews24.com report, the...

Huawei extends device warranty period

Huawei extends device warranty period

FE Online Desk 2020-04-23 18:36:08

Huawei, the world’s leading technology company, has extended the warranty period of its smartphones, tabs and smart accessories to a certain timeframe for customers benefit due to Coronavirus pa...

IFAD makes landmark investment in impact fund helping rural SMEs

IFAD makes landmark investment in impact fund helping rural SMEs

FE ONLINE DESK 2020-04-23 15:24:35

In a continuation of its efforts to help small-scale farmers and micro, small, and medium-sized rural enterprises in developing countries create jobs and increase incomes, the International Fund...

CPD recommends RMG factory closure in parallel with public holidays

CPD recommends RMG factory closure in parallel with public holidays

FE ONLINE REPORT 2020-04-23 14:07:53

The Center for Policy Dialogue (CPD) on Thursday recommended the continuation of the ongoing ready-made garment (RMG) factory closure in parallel with public holidays to help contain the spread of the...

Hyundai Q1 profit tumbles 44pc, far short of estimates

Hyundai Q1 profit tumbles 44pc, far short of estimates

-- 2020-04-23 12:44:16

South Korea’s Hyundai Motor said on Thursday first-quarter (Q1) net profit slumped 44 per cent to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand fo...

Int'l researchers fear double blow

Int'l researchers fear double blow

FE REPORT 2020-04-23 09:19:11

Consultative Group on International Agricultural Research (CGIAR) identified a number of emerging concerns in the country's food production and supply chain system during Covid-19 pandemic that requir...

Mobile operators struggling to cope with rise in data consumption

Mobile operators struggling to cope with rise in data consumption

Ismail Hossain  2020-04-23 09:10:18

The country's mobile phone operators are struggling to cope with a sudden increase in data consumption during the countrywide lockdown. According to operators, data usage has increased by around 20-2...

Consumer spending to go up steeply during this Ramadan

Consumer spending to go up steeply during this Ramadan

Yasir Wardad 2020-04-23 09:06:25

Consumer spending is set to go up sharply during this Ramadan compared to that of last year as the prices of key essentials have aleady shot up significantly. Prices of rice, flour, pulses, edible oi...

Govt turns to vessel owners as virus rattles supply chain

Govt turns to vessel owners as virus rattles supply chain

FE REPORT 2020-04-23 08:55:37

The government has urged ship owners to extend help in continuing transportation of essential commodities and other cargos during the shutdown, spurred by COVID-19 pandemic. State minister for shippi...

Some banks unwilling to open import LCs for dollar shortage

Some banks unwilling to open import LCs for dollar shortage

Rezaul Karim 2020-04-23 08:52:55

Some of the commercial banks are reluctant to open LCs (letters of credit)for importingessential commoditiesdue to'shortage of dollars'. Bangladesh Trade and Tariff Commission (BTTC) recently pointed...

Feeder operators mull higher charges

Feeder operators mull higher charges

Jasim Uddin Haroon 2020-04-23 08:46:29

Feeder operators, who ply between Chittagong and Singapore, are considering slapping higher transportation charges against the backdrop of longer stay time within the Bangladesh territory. The Chit...

Some COVID-19 antibody tests are 'a disaster', Roche CEO says

Some COVID-19 antibody tests are 'a disaster', Roche CEO says

-- 2020-04-22 18:07:24

Some blood tests being marketed to tell people if they have had the new coronavirus are a “disaster”, Roche Chief Executive Severin Schwan said on Wednesday as he prepares to launch the dr...

770 industrial units yet to pay wages

770 industrial units yet to pay wages

FE Online Report 2020-04-22 17:33:58

A total of 770 industrial units did not pay wages for March and other allowances as of Wednesday, nearly a week after the government's deadline to pay by April 16, official data showed. Among them, s...

China scales up strategic oil reserves amid price slump

China scales up strategic oil reserves amid price slump

GLOBAL TIMES 2020-04-22 16:46:53

The unprecedented crude oil price collapse on the global market is good news for China, a major oil importer, which will enable the country to build up strategic reserves at favourable prices, Chinese...

Chinese automaker Geely recruits top rocket engineers for commercial satellite plans

Chinese automaker Geely recruits top rocket engineers for commercial satellite plans

Global Times 2020-04-22 16:34:34

Chinese private automaker Geely is recruiting senior rocket engineers to fulfill its ambitious commercial satellite plans.Yang Xueliang, deputy president of the privately owned firm, confirmed the rec...

Emirates steps up safety measures for customers, employees

Emirates steps up safety measures for customers, employees

FE Online Desk 2020-04-22 15:47:57

Emirates is stepping up precautionary measures at the airport and on board to ensure health and safety of its employees and customers. All cabin crew, boarding agents and ground staff in direct conta...

Four in five RMG workers received March salary: Survey

Four in five RMG workers received March salary: Survey

FE ONLINE DESK 2020-04-22 10:07:39

Four in five workers in country’s readymade garment sector received their salary by mid-April for the work they performed in March, despite the economic pressures of the COVID-19 pandemic, data&...

Poor agri-mechanisation is a big headache

Poor agri-mechanisation is a big headache

Yasir Wardad 2020-04-22 09:22:03

Poor agri-mechanisation has posed a fresh challenge to the current Boro crop harvest in Bangladesh for labour scarcity in the wake of the COVID-19 pandemic, agriculturists have said. They have put...

Include member factories in stimulus package: BTMA

Include member factories in stimulus package: BTMA

FE Report 2020-04-22 08:49:59

Bangladesh Textile Mills Association (BTMA) has demanded of the authorities concerned to include its member factories in the Tk 50 billion stimulus package to help them pay the workers' wages. It sai...

Global supply chain: Commercial wings asked to remain alert

Global supply chain: Commercial wings asked to remain alert

REZAUL KARIM 2020-04-22 08:43:06

All commercial wings abroad have been instructed to be alert to the supply chain of their respective countries and update the government, officials said. This precaution is taken as Bangladesh may...

Ships half-laden with empty containers leaving Ctg port

Ships half-laden with empty containers leaving Ctg port

SYFUL ISLAM 2020-04-22 08:41:44

Most of the vessels are now sailing from Chattogram Port jetties half loaded, mainly with empty containers, due to a dearth of export cargo in the lockdown period amid COVID-19 pandemic, according to...

Expatriates opt for bKash to send remittance safely amid Covid-19 crisis

Expatriates opt for bKash to send remittance safely amid Covid-19 crisis

FE Online Desk 2020-04-21 21:53:48

In this worldwide 'lockdown' situation enforced for preventing Covid-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home...

BSFIC starts selling sugar ahead of Ramadan

BSFIC starts selling sugar ahead of Ramadan

-- 2020-04-21 16:50:54

Bangladesh Sugar and Food Industries Corporation (BSFIC) has started selling sugar as part of its initiative to supply better quality sugar to consumers ahead of Ramadan. According to sources at the...

Online campaign launched to help returnee female workers

Online campaign launched to help returnee female workers

FE Online Report 2020-04-21 15:21:11

Migrant rights organisations recently launched an online campaign for providing emergency support to the returnee female workers, who are in a vulnerable situation because of COVID-19 pandemic. Anirb...

Ferrari rolls out coronavirus testing to get staff ready for work

Ferrari rolls out coronavirus testing to get staff ready for work

-- 2020-04-21 14:17:35

Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers d...

What is a negative crude future and does it mean anything for consumers?

What is a negative crude future and does it mean anything for consumers?

REUTERS 2020-04-21 10:54:39

The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts t...

Migrant deportation: First batch from ME to arrive this week

Migrant deportation: First batch from ME to arrive this week

MIR MOSTAFIZUR RAHAMAN 2020-04-21 09:59:47

The first flight carrying deported Bangladeshis will arrive by this week from Kuwait by a special flight of the Kuwait Airlines. More than 10,000 undocumented and convicted Bangladeshi workers are in...

Oil prices bounce back, US crude futures trade above zero

Oil prices bounce back, US crude futures trade above zero

REUTERS 2020-04-21 09:31:08

Oil prices rebounded on Tuesday, with US crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with fuel d...

NBR to review turnover of selective sectors

NBR to review turnover of selective sectors

FE REPORT 2020-04-21 09:12:46

The National Board of Revenue (NBR) has decided to review the turnover of some selective sectors that are in full-fledged business during coronavirus lockdown. The sectors include tobacco, pharmace...