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The Financial Express

Search results for: trade

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...

Dairy farmers in trouble, seek govt support

FE REPORT March 28, 2020 10:24:38

Dairy farmers have sought immediate support from the government as they cannot sell milk due to the countrywide lockdown in the aftermath of new coronavirus. Everyday around 12 to 15 million litres o...

Kitchen markets see sharp fall in sales as customers stay indoors

FE Report March 28, 2020 09:46:06

The kitchen markets in the city saw a sharp decline in sales on Friday, the second day of a ten-day general holiday the government announced as a preventive measure against the spread of coronavirus...

e-commerce providers can deliver goods amid lockdown

FE Report March 28, 2020 09:32:41

The government has instructed the law enforcement agencies to help the country's e-commerce providers in delivering medicines and daily essentials amid the ongoing lockdown. Digital Security Agency...

14 firms to supply LNG from spot market

M AZIZUR RAHMAN March 28, 2020 09:31:18

Fourteen global firms will supply liquefied natural gas (LNG) to Bangladesh from the international spot market, as the government entered into final deals with them to import the fuel. The state-ru...

Many owners seek to run RMG units

MONIRA MUNNI March 28, 2020 09:15:35

Many garment owners want to run production in their factories despite recommendations of closure from trade bodies concerned amid coronavirus outbreak, industry insiders said. But others seek closure...

DNCRP fines five traders of Dhaka kitchen markets

FE Online Report March 27, 2020 20:55:02

The Directorate of National Consumer Rights Protection (DNCRP) officials on Friday realised Tk 17,500 as penalties from five traders on several allegations from different kitchen markets in the capita...

BKMEA instructs member factories to announce production shutdown

FE ONLINE REPORT March 27, 2020 16:41:41

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Friday instructed all its member factories to keep their units closed until April 04 amid the coronavirus outbreak. The trade bo...

Jashore poultry hatchery owners counting huge losses

-- March 27, 2020 16:19:09

The owners of poultry hatcheries in Jashore district are counting huge losses as poultry farm owners stopped buying chickens abruptly following the announcement of a 10-day general holiday amid corona...

China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown

-- March 27, 2020 15:15:59

China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns as unusual as a...

Olympics delay deals setback to Samsung's plans to win over Japan market

REUTERS March 27, 2020 11:54:08

For Samsung Electronics Co Ltd, the 2020 Tokyo Olympics were going to be its springboard to attain a long-held goal - making significant inroads into Japan’s lucrative smartphone market where Ap...

Digital Healthcare offers free online checkup for COVID-19

-- March 26, 2020 20:40:10

Bangladeshi healthcare organisation Digital Healthcare Solutions has launched a coronavirus symptom check online.  It is available free of cost. Anybody can go to their site (https://coronachec...

BGMEA recommends closure of RMG factories until April 4

FE Online Report March 26, 2020 20:16:49

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has recommended all its member factories to keep their units closed untill April 04 amid the coronavirus outbreak.The trade body took...

Why orange juice prices are soaring on global markets

-- March 26, 2020 15:21:39

The future price of orange juice has spiked by more than 20 per cent this month as consumers look for healthy products during the coronavirus pandemic. While demand has risen, supply has been hit as...

Indian banks plan to shut down most branches during lockdown

REUTERS March 26, 2020 14:23:53

India’s central bank and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus, four s...

EBL to hold board meeting on April 5

FE Online Desk March 26, 2020 13:48:50

Eastern Bank Ltd (EBL) will hold its scheduled Board Meeting on Sunday, April 5. The meeting will be held at 3.00 pm at its Head Office at Gulshan in the city, according to a media release. The audi...

Global smartphone sales fell 14pc in February  

Reuters March 26, 2020 13:14:10

Global smartphone sales tumbled 14 per cent in February as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday, a likely harbinger of more declines as outbreaks worsen...

McDonald's to trim US menu due to coronavirus pandemic

-- March 26, 2020 11:41:32

McDonald’s said on Wednesday (US local time) it would temporarily remove some items from its US menu as it focuses on simplifying operations in the face of the fast-spreading coronavirus outbrea...

Cushioning virus shocks: Buyers pledge to give RMG makers a helping hand

Monira Munni March 26, 2020 10:54:27

Some international buyers and partners have responded positively after the apparel industry has launched an appeal to stop cancelling or suspending shipments of apparel items in view of the pandemic...