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The Financial Express

Search results for: trade

Coronavirus: Benapole port on highest alert

Our Correspondent March 10, 2020 11:00:32

The Department of Health issued highest alert in Benapole Land Port and international check post on Monday soon after three cases of coronavirus infection were detected in Bangladesh for the first tim...

BD-Japan platform meeting postponed due to coronavirus

Munima Sultana March 10, 2020 10:26:12

The Public-Private Partnership Authority (PPPA) has postponed a scheduled meeting of Bangladesh-Japan joint platform following detection of coronavirus infected patients in the country, sources said...

RMG export likely to plunge further

Monira Munni March 10, 2020 09:54:39

The Coronavirus epidemic poses a threat to the country's apparel sector, as foreign buyers have started revising their business strategies amid the prevailing critical situation. Sector insiders opin...

Prices of face masks, handwashes, sanitisers go up manifold

SM NAJMUS SAKIB March 09, 2020 21:04:30

Prices of different types of face masks, handwashes and sanitisers have unusually increased due to higher demand a day after confirmation of first three cases of coronavirus disease (COVID-19) in the...

Biman reduces 50pc int'l flights due to coronavirus outbreak

-- March 09, 2020 19:33:08

The Biman Bangladesh Airlines has reduced its international flight frequency to more than 50 per cent due to passenger’s scarcity as well as ban on flight operation in some destinations for glob...

Oil suffers rout after Saudi Arabia fires first shot of price war

REUTERS March 09, 2020 15:22:09

Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling f...

Tesco agrees sale of businesses in Thailand, Malaysia for $10.6b

-- March 09, 2020 14:56:21

Britain’s biggest retailer Tesco said on Monday it will return $6.6 billion (5 billion pounds) to shareholders after agreeing to sell its businesses in Thailand and Malaysia to Charoen Pokphand...

92,755 motorised vehicles registered in February

FE Online Report March 09, 2020 13:49:10

The number of registered motorised vehicles in the country stood at 92,755 in February 2020, official data showed. Of the total, 25,134 motorised vehicles were registered in Dhaka, according to Bangl...

BRAC Bank celebrates International Women’s Day

FE Online Desk March 09, 2020 13:39:16

BRAC Bank organized a panel discussion prior to international women’s day to celebrate the values of the day. The bank, in association with its women banking solution, TARA, organized a panel d...

LankaBangla Finance awarded by BB

FE Online Desk March 09, 2020 13:30:44

LankaBangla Finance Limited was awarded for its significant contribution under financial inclusion in cottage, micro, small and medium enterprises (CMSME) in Bangaldesh  in the recently held &ldq...

Chevron stall awarded in 27th U.S. Trade Show

FE Online Desk March 09, 2020 13:06:14

Chevron Bangladesh stall was awarded for “Excellence in Stall Design” during the recently-concluded 27th U.S. Trade Show, jointly organized and sponsored by the American Chamber of Commerc...

EBL teams up with Hyundai Motors BD

FE Online Desk March 09, 2020 12:44:24

Eastern Bank Limited (EBL) and Hyundai Motors Bangladesh Ltd have joined their hands to offer best values to the customers of Hyundai, Nissan and SsangYong automobile brands. M Khorshed Anowar, Head...

BPGMEA wants cut in duty on raw materials

FE REPORT March 09, 2020 11:47:17

The plastic goods manufacturers demanded setting up a separate department for tariff and trade facilitation, and reducing import duty on different raw materials. Bangladesh Plastic Goods Manufacturer...

Govt to help virus-hit businesses: Tipu Munshi

FE REPORT March 09, 2020 11:12:25

The government has been observing the impacts of the coronavirus outbreak on the country's trade and businesses, Commerce Minister Tipu Munshi said on Sunday. After assessing the economic impacts, th...

New regulations to help cos avoid legal disputes

FE REPORT March 09, 2020 11:07:43

Businesses can avoid possible risks and legal complications in domestic and international trade following new incoterms rules, speakers on Sunday said. They said the rules are accepted globally becau...

TCB seeks logistic support for smooth open market sale

FE REPORT March 09, 2020 10:40:53

The Trading Corporation of Bangladesh (TCB) has sought logistic support to carry out countrywide open market sale (OMS) of essential commodities through trucks ahead of Ramada, officials said. It has...

Agent banking expanding fast among rural women

MUNIMA SULTANA March 09, 2020 10:08:28

The agent banking is expanding fast among the female clients in the remote areas across the country, but the services still remained well behind the level as expected by Bangladesh Bank, officials sai...

Kamal cool on currency depreciation

FE REPORT March 09, 2020 10:04:26

Finance minister AHM Mustafa Kamal said on Sunday depreciation of taka would not bring any benefit to an import-dependent country. "Some people ask why we are not devaluing currency to enhance export...

Hydrocarbon extraction: Posco stays back, seeks one year

M AZIZUR RAHMAN March 09, 2020 10:00:40

Posco International has withdrawn its decision to relinquish deep sea (DS) block-12, seeking an extension of its contract for another year with a higher 'commercial term'. The South Korean oil and ga...

75,985 motorcycles registered in Feb

FE Online Report March 08, 2020 17:42:58

A total of 75,985 motorcycles were registered in February 2020 across the country, official data showed. Of the two-wheelers, 16,284 were registered in Dhaka alone during the period, according to Ban...

Commerce minister launches ICC's New Incoterms 2020 Rules in Dhaka city

FE ONLINE DESK March 08, 2020 16:10:46

While launching the New Incoterms 2020 Rules at a city hotel in Dhaka on Sunday, commerce minister Tipu Munshi said Bangladesh's trade is expanding year-on-year, so practice of the Incoterms 2020 will...

Mastercard announces winners of ‘Magical Barcelona’ campaign

FE Online Desk March 08, 2020 13:53:45

  Mastercard has announced the winners of its ‘Magical Barcelona’ campaign at a ceremony held at a city hotel in Dhaka. This marked the culmination of the two-month campaign launche...

MTB organises BAMLCO confce 2020

FE Online Desk March 08, 2020 13:46:18

Mutual Trust Bank Limited (MTB) has recently organized the BAMLCO Conference 2020, a day-long forum of the Branch Anti Money Laundering Compliance Officers (BAMLCOs) of the bank at a convention hall i...

StanChart celebrates incredible stories of some of BD supergirls

FE Online Desk March 08, 2020 13:35:12

An Incredible Read-Aloud event was recently held at the Standard Chartered head office premise for an audience of the bank’s employees and their children.    During the session, HerS...

Saudi Arabia slashes April crude oil prices after OPEC’s supply pact collapsed

REUTERS March 08, 2020 13:23:17

Saudi Arabia slashed its official selling price (OSP) for April for all its crude grades to all destinations, after OPEC’s oil supply cut pact with Russia fell apart on Friday, sending oil into...

Town Hall Meet- 2020 of Standard Bank held in Sylhet

FE Online Desk March 08, 2020 13:16:42

Town Hall Meet-2020 with Sylhet Regional Branches of Standard Bank Ltd was held on Saturday at “Rose View Hotel”, Sylhet. Managing Director & CEO of the bank Khondoker Rashed Maqsoo...

‘Workstation101’ offers 25pc discount on all services

FE Online Desk March 08, 2020 13:06:35

For women entrepreneurs, the co-working space ‘Workstation101’ is offering a 25 per cent discount on all services throughout the year. The company’s CEO, Eushra Nashmin, said such i...

Uber says it will compensate drivers diagnosed with coronavirus

Reuters March 08, 2020 11:13:14

Uber Technologies said on Saturday it will offer compensation to drivers and delivery people diagnosed with the coronavirus or placed in quarantine for up to 14 days. The company has already started...

Electronic makers demand 20pc cash incentive

FE REPORT March 08, 2020 10:49:43

Domestic electronic goods manufacturers have sought 20-per cent cash incentive for the next 10 years to promote and diversify the sector, officials said. Bangladesh Electrical Merchandise Manufacture...

Powdered milk gets dearer for second time in eight months

FE REPORT March 08, 2020 10:41:37

Prices of powdered milk of many brands increased in Bangladesh's market in the last couple of days which the traders attributed to an upward trend in prices of the essential item in global market. Th...