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The Financial Express

Search results for: trade

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...

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...