Loading...
The Financial Express

Search results for: trade

Gold rises to nine-year peak on stimulus bets, silver soars

Gold rises to nine-year peak on stimulus bets, silver soars

REUTERS 2020-07-21 16:10:19

Gold rose to a nine-year high on Tuesday as expectation of higher inflation from increased stimulus overshadowed the resultant gain in risk appetite, while silver breached the $20 level for the first...

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

-- 2020-07-21 15:34:15

Microsoft Corp’s professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6 per cent of its global workforce, as the coronavirus pandemic is having a sustained impac...

City Bank launches 'Digital Loan' on pilot basis with bKash

City Bank launches 'Digital Loan' on pilot basis with bKash

FE Online Desk 2020-07-21 15:25:52

City Bank has launched a collateral-free Digital Loan, whereby users can request and receive loans of up to Taka 10,000 instantly through bKash. This is a pilot initiative targeting a limited group of...

Emirates to resume flights to Stockholm, Oslo

Emirates to resume flights to Stockholm, Oslo

FE Online Desk 2020-07-21 14:25:55

Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities. The restart of Stockholm flights means that all Emirates gateways...

BB waives submission of bill of entry in papers against import

BB waives submission of bill of entry in papers against import

FE Online Report 2020-07-21 14:23:03

The central bank has waived the requirement of submission of bill of entry (B/E) in hard copy by the importers aiming to facilitate business activities in Bangladesh.   Under the relaxations, au...

US blacklists 11 more Chinese firms

US blacklists 11 more Chinese firms

-- 2020-07-21 11:12:39

The US Commerce Department on Monday added 11 Chinese companies implicated in what it called human rights violations in connection with China’s treatment of its Uighurs in Xinjiang in western Ch...

EBL to get US$40m credit from DEG, FMO

EBL to get US$40m credit from DEG, FMO

FE Online Report 2020-07-21 10:47:39

The German Investment Corporation - DEG and Netherlands Development Finance Company - FMO will provide US$40 million credit to Bangladesh’s Eastern bank Limited for SME and green financing. In...

India’s biggest airline IndiGo to cut 10pc of staff

India’s biggest airline IndiGo to cut 10pc of staff

-- 2020-07-21 10:21:54

Indian airline IndiGo has become the latest carrier to reveal how hard it has been hit by the collapse in demand for flights due to Covid-19. The country's largest airline said it would shed 10 per c...

DNCC declares Tk 45 billion budget

DNCC declares Tk 45 billion budget

FE REPORT 2020-07-21 09:36:23

Dhaka North City Corporation (DNCC) unveiled on Monday a budget outlay of Tk 45 billion, prioritising mosquito control, garbage management and development of the newly-added wards. The DNCC budget...

Pay RMG workers' Eid bonus by July 27: State minister

Pay RMG workers' Eid bonus by July 27: State minister

-- 2020-07-20 22:32:34

State Minister Labour and Employment Begum Monnujan Sufian on Monday urged the owners of garment factories to pay Eid bonus to their workers by July 27 and half of the salary by July 30. She made the...

Bangladeshi bankers at IICMR-India

Bangladeshi bankers at IICMR-India

FE DESK REPORT 2020-07-20 09:58:34

Mr. Anis A Khan- former Managing Director and CEO of Mutual Trust Bank Ltd ( MTBL) and Mr. Md Mazadul Hoque - economic analyst and officer of Social Islami Bank Ltd ( SIBL) shared their views in a w...

Yeafesh optimistic about Covid-19 research at BCSIR’s lab

Yeafesh optimistic about Covid-19 research at BCSIR’s lab

FE DESK REPORT 2020-07-20 09:54:35

Science and Technology Minister Architect Yeafesh Osman expressed his optimism over the Covid-19) research that is being carried out at the world class modern laboratory of Bangladesh Council of Scien...

Govt suspends routine tours to cut spending

Govt suspends routine tours to cut spending

FE REPORT 2020-07-20 09:54:15

The government has suspended routine tours under the operation and development budgets as part of austerity measures during the Covid-19 pandemic. In a notification issued on Sunday, the ministry o...

Govt moves to boost industrial productivity

Govt moves to boost industrial productivity

FE REPORT 2020-07-20 09:45:02

The government has taken an initiative to set up three state-of-the-art technology centres (TCs) and one specialised design and technology centre (DTC) with a view to boosting industrial productivity,...

Prime Bank recognized as Asia’s one of  the best in proactive COVID-19 response   

Prime Bank recognized as Asia’s one of the best in proactive COVID-19 response  

FE Online Desk 2020-07-20 01:20:48

 Prime Bank Limited has earned international recognition as Asia’s one of the best in its proactive response to COVID-19 pandemic. London-based reputed media publication, Euromoney, has...

Bank Asia and MoneyGram  sign agreement to offer remittance services

Bank Asia and MoneyGram sign agreement to offer remittance services

FE Online Report 2020-07-19 19:07:49

Bank Asia Limited and MoneyGram International have signed an agreement to offer remittance inflow services in Bangladesh from more than 200 countries of the world, says a press release. Md Arfan Ali,...

Rooppur NPP Unit-1: Equipment manufacturing in full swing in Russia

Rooppur NPP Unit-1: Equipment manufacturing in full swing in Russia

FE Online Desk 2020-07-19 15:06:00

While construction works at the Rooppur Nuclear Power Plant (RNPP) site is progressing as scheduled, manufacturing and testing of various equipment for the plant is running in full swing in Russia, sa...

IFC finances City Bank to help BD cos and SMEs hit by Covid-19

IFC finances City Bank to help BD cos and SMEs hit by Covid-19

FE ONLINE REPORT 2020-07-19 14:51:25

The International Finance Corporation, or IFC, a member of the World Bank Group, is providing a loan of up to $30 million to The City Bank Ltd, a leading private commercial bank in Bangladesh, to prov...

Dhaka-Tashkent meeting to take place in October

Dhaka-Tashkent meeting to take place in October

FE REPORT 2020-07-19 10:41:32

The third meeting of joint working commission on trade and economic cooperation between Bangladesh and Uzbekistan is likely to be held here in October aiming to expand trade and commerce, officials sa...

718MW LNG-fired thermal plant picks up steam

718MW LNG-fired thermal plant picks up steam

M AZIZUR RAHMAN 2020-07-19 10:28:29

Work on the country's biggest 718-MW capacity in LNG-fuelled combined cycle power plant gets momentum after roping the Japanese JERA in the project. The project, owned jointly by JERA and India's Rel...

'Predictable policy matters more than political stability'

'Predictable policy matters more than political stability'

FE REPORT 2020-07-19 10:16:50

Despite potentials, Bangladesh could not attract the expected level of foreign direct investment due mainly to the regulatory and business hurdles, top corporate executives say. They said FDI is not...

Transshipment thru Ctg port: First Indian ship to arrive Tuesday

Transshipment thru Ctg port: First Indian ship to arrive Tuesday

DOULOT AKTER MALA 2020-07-19 09:51:00

Transshipment of goods between India and Bangladesh through Chattogram port is set to begin on Tuesday, customs officials said. As per an agreement inked between the two countries, the first Indian s...

ICT-based rural post offices project: IMED finds massive irregularities

ICT-based rural post offices project: IMED finds massive irregularities

FHM HUMAYAN KABIR 2020-07-19 09:47:45

Massive irregularities were found at a post office building construction project, insiders said. They said many new office buildings under the project had construction faults and mismatches in the pr...

790 factories run risk of labour unrest

790 factories run risk of labour unrest

MONIRA MUNNI 2020-07-19 09:44:15

At least 790 factories that include textile and readymade garment (RMG) across the country, except for Dhaka metropolitan area, are 'vulnerable' to labour unrest over payment of wages and festival all...

BMCCI for adopting trends in IT to overcome COVID-19 impact

BMCCI for adopting trends in IT to overcome COVID-19 impact

-- 2020-07-18 20:19:55

Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) has called for providing special focus on fast-growing trends in information technology to overcome COVID-19 impact. The chamber made the...

IFC finances City Bank to help BD cos, SMEs impacted by Covid-19   

IFC finances City Bank to help BD cos, SMEs impacted by Covid-19  

FE Online Desk 2020-07-18 14:49:43

IFC, a member of the World Bank Group, is providing a loan of up to $30 million to City Bank, a leading private commercial bank in Bangladesh, to financing small and medium enterprises and corporate c...

DMTCL to seek Japan's favour to lift travel ban

DMTCL to seek Japan's favour to lift travel ban

FE Report 2020-07-18 13:21:38

The metro rail company will seek cooperation from Japan in easing travel restrictions on Japanese contractors and consultants in Bangladesh to help continue its billion-dollar projects. As Japan im...

JICA to list support for Covid-hit cos

JICA to list support for Covid-hit cos

SYFUL ISLAM 2020-07-18 10:16:55

Japan is set to relax conditions for its two-step loan programme aiming to extend credit facility for industrial units hit by Covid-19, officials have said. Usually, Bangladeshi companies that export...

Covid time demands unique tasks from bank boards

Covid time demands unique tasks from bank boards

FE REPORT 2020-07-18 09:21:34

Speakers at a webinar from Nepal and Bangladesh on Friday said the board of directors of banks must now exercise unique oversight responsibility, based on updated and regular information of the Covid-...

3M files lawsuits for price gouging of N95 masks

3M files lawsuits for price gouging of N95 masks

AP 2020-07-17 19:16:51

The leading manufacturer of N95 masks in the U.S. says it has investigated 4,000 reports of fraud, counterfeiting and price gouging in connection with the product and has filed 18 lawsuits. 3M, based...