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The Financial Express

Search results for: trade

ADB signs deal to bankroll private gas-fired power plant

ADB signs deal to bankroll private gas-fired power plant

-- 2020-07-31 16:53:46

The Asian Development Bank (ADB) has signed a US$200 million financing package with Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718-megawatt (MW) combined-cycle gas-fired...

Facebook smashes revenue estimates amid pandemic

Facebook smashes revenue estimates amid pandemic

Reuters 2020-07-31 12:02:49

Facebook beat analysts’ estimates for quarterly revenue on Thursday and forecast similar growth ahead, as businesses tapped its digital ads tools despite an unprecedented boycott and the ec...

Maersk rolls out digital solution for SMEs to boost exports

Maersk rolls out digital solution for SMEs to boost exports

FE REPORT 2020-07-31 10:22:17

AP Moller - Maersk, a global shipping service leader, has recently launched 'Twill', a digital logistics solution, in Bangladesh to make trade less complex, faster, cost-effective and accessible for s...

With Eid only a day away, Ctg small traders look for buyers

With Eid only a day away, Ctg small traders look for buyers

NAZIMUDDIN SHYAMOL 2020-07-31 10:04:31

CHATTOGRAM: With Eid-ul-Azha only a couple of days away, small businesses, including roadside vendors and makeshift shop owners, are looking for buyers as the ordinary customers either have insufficie...

Sales of slaughtering tools poor despite Eid

Sales of slaughtering tools poor despite Eid

Saif Uddin 2020-07-31 09:58:35

With only one day remaining before this Eid-ul-Azha, poor sales of slaughtering tools and accessories due to lower-than-usual demand amid the ongoing pandemic are frustrating traders of these items....

Strong current halts span installation work of Padma Bridge

Strong current halts span installation work of Padma Bridge

Munima Sultana 2020-07-31 09:53:25

Swelling river and strong current in the River Padma have stopped span installation work of Padma Bridge for an indefinite period, sources said. Since the last span was installed on June 10, they sai...

Trade picks up at cattle markets

Trade picks up at cattle markets

FE REPORT 2020-07-31 09:40:42

Business transactions in the city's cattle markets finally increased on Thursday after a sluggish trend for the past couple of days. But cattle traders expressed dissatisfactions over this year's 'lo...

Customs to accept digital CoO until December 31

Customs to accept digital CoO until December 31

DOULOT AKTER MALA 2020-07-31 09:38:44

Imported goods under the SAFTA rules could be released through furnishing online Certificate of Origin (CoO) until December 31 this year. The National Board of Revenue (NBR) has extended the facility...

53pc industrial units did not pay wages for July

53pc industrial units did not pay wages for July

FE ONLINE REPORT 2020-07-30 19:21:43

53 per cent of the industrial units including those of readymade garment (RMG) did not pay their workers wages for the month of July till Thursday despite the government’s instruction to pay mon...

Uber halts move of Asia headquarters to Hong Kong

Uber halts move of Asia headquarters to Hong Kong

Reuters 2020-07-30 15:52:58

Uber Technologies on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least Dec...

Pandemic forced customers to shop online. Now, complaints are piling up

Pandemic forced customers to shop online. Now, complaints are piling up

-- 2020-07-30 12:57:00

Ehsan Aleem Avee, a resident of Mirpur, purchased a series of products online on Apr 28 as he chose to stay indoors in the coronavirus pandemic. Some products arrived in phases. Three months in, Avee...

Huawei overtakes Samsung as world’s top handset seller in second quarter: Canalys

Huawei overtakes Samsung as world’s top handset seller in second quarter: Canalys

-- 2020-07-30 10:35:54

China’s Huawei overtook Samsung Electronics as the world’s biggest seller of mobile phones in the second quarter of 2020, shipping 55.8 million devices compared to Samsung’s 53.7 mil...

Motorbike reg fees to be fixed in line with neighbouring countries

Motorbike reg fees to be fixed in line with neighbouring countries

FE REPORT 2020-07-30 10:20:55

The government is set to rationalise motorcycle registration fees keeping conformity with the trend of neighbouring countries with an eye to attract more foreign direct investment in the sector, an of...

All commercial wings fail to meet export targets

All commercial wings fail to meet export targets

FE Report 2020-07-30 10:17:06

All commercial wings under Bangladesh missions abroad have failed to achieve their respective export targets for the last fiscal year due to the negative impact of the Covid-19 pandemic, according t...

Introductory event on VAT e-payment system

Introductory event on VAT e-payment system

FE DESK REPORT 2020-07-30 10:05:08

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh, in association with National Board of Revenue (NBR) on Wednesday jointly hosted an introductory event and awareness session...

NBR imposes VAT on airport development fee

NBR imposes VAT on airport development fee

Doulot Akter Mala 2020-07-30 10:03:59

Outgoing airline passengers will have to pay 15 per cent VAT on the newly imposed airport development and passenger security fees, effective from August 01. The Civil Aviation Authority of Bangladesh...

City cattle markets yet to witness expected buyers

City cattle markets yet to witness expected buyers

FE Report 2020-07-30 09:49:10

Cattle markets in the city have started seeing scattered buy and sell activities on Wednesday afternoon, but the traders had a look of utter disappointment on their faces while the customers express...

Govt allows rawhide export to keep market stable

Govt allows rawhide export to keep market stable

-- 2020-07-29 20:54:24

The government has decided to allow traders to export rawhide and wet blue hide as part of efforts to keep supply and demand stable after cattle slaughtering during Eid-ul-Azha. The decision was anno...

BB asks banks to ensure smooth ATM, MFS services during Eid

BB asks banks to ensure smooth ATM, MFS services during Eid

-- 2020-07-29 19:05:26

Bangladesh Bank has asked the commercials banks to ensure smooth and uninterrupted transactions through the automated teller machine (ATM), point of sale (POS), e-payment gateway or internet banking a...

CMSMEs need simpler process for stimulus: Speakers

CMSMEs need simpler process for stimulus: Speakers

FE ONLINE REPORT 2020-07-29 18:54:24

Most of cottage, micro, small and medium entrepreneurs (CMSMEs) are yet to get the benefit of announced stimulus package, experts and stakeholders said on Wednesday. Existing complex documentation pr...

HSBC, NBR arrange introductory event  on  VAT e-payment system

HSBC, NBR arrange introductory event  on  VAT e-payment system

FE Online Desk 2020-07-29 18:34:50

                The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh, in association with National Board of Revenue (NBR) jointly...

With 11,000 active sites Robi becomes market leader in 4.5G network

With 11,000 active sites Robi becomes market leader in 4.5G network

FE Online Report 2020-07-29 17:43:03

Robi has become the first mobile operator to have on-aired more than 11,000 4.5G sites in the country which makes Robi the undisputed market leader in 4.5G network in Bangladesh, according to a press...

Chinese banks urged to switch away from SWIFT as US sanctions loom

Chinese banks urged to switch away from SWIFT as US sanctions loom

REUTERS 2020-07-29 16:05:36

China should prepare for potential US sanctions by increasing use of its own financial messaging network for cross-border transactions in the mainland, Hong Kong and Macau, according to a report from...

Rooppur NPP: Further progress in equipment manufacturing

Rooppur NPP: Further progress in equipment manufacturing

FE Online Desk 2020-07-29 15:20:46

Assembly and welding of spherical casings of reactor coolant pumps (RCP), and local heat treatment of bottom weld of one of the steam generators for Unit-1 of Rooppur Nuclear Power Plant have been com...

Indonesia farms see boom in online sales of sacrificial animals for Eid

Indonesia farms see boom in online sales of sacrificial animals for Eid

REUTERS 2020-07-29 14:36:35

As Indonesian Muslims prepare to celebrate the Eid al-Adha festival, farms are seeing a boom in online sales that limit the need for people to visit farms during the pandemic to buy the goats, sheep a...

Trade activities at Sonamasjid land port to remain suspended for four days

Trade activities at Sonamasjid land port to remain suspended for four days

-- 2020-07-29 14:08:34

The export-import activities at Sonamasjid land port remained suspended for four days from August 1 on the occasion of Eid-ul-Azha, the second largest religious festival of the Muslims. Toufiqur Rahm...

Dollar wallows near two-year low as coronavirus keeps Fed in a bind

Dollar wallows near two-year low as coronavirus keeps Fed in a bind

REUTERS 2020-07-29 11:18:20

The dollar languished near two-year lows on Wednesday as the United States struggled to contain a spike in coronavirus cases, dashing hopes for a quick economic recovery. The dour outlook for the wor...

Global air travel unlikely to recover until 2024, says airline body

Global air travel unlikely to recover until 2024, says airline body

Reuters 2020-07-29 10:25:17

Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. In...

Virus puts damper on haribhanga biz

Virus puts damper on haribhanga biz

SAJIBUR RAHMAN, from Rangpur city 2020-07-29 09:56:20

Billal Ahmed, a mango grower at northern Mithapukur sub-district, scolds his own fate as he sold out all his 'haribhanga' orchards at poor prices last May. The 36-year-old gardener traded his produce...

Cattle markets still sluggish

Cattle markets still sluggish

-- 2020-07-29 09:50:24

Cattle markets in Dhaka city did not see an expected rush of customers even on Tuesday, just three days ahead of Muslims' second-biggest Eid-ul-Azha festival. While cattle traders took a 'wait-and-...