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The Financial Express

Search results for: trade

British Airways retires Boeing 747s due to pandemic

British Airways retires Boeing 747s due to pandemic

-- 2020-07-17 18:09:14

The “queen of the skies” will no longer don the red, white and blue of the Union Jack after British Airways retired its fleet of Boeing 747s on Friday as a result of the coronavirus pandem...

Online hut to sell livestock raised by rural women farmers of 'Shorbojoya'

Online hut to sell livestock raised by rural women farmers of 'Shorbojoya'

FE Online Desk 2020-07-17 16:20:09

A lot of rural families dream of earning a bit extra in the coming festive times of the year on the occasion of eid-ul ajha. They do so by selling the cattle that they had brought up in their homes in...

EU hopes for 'ambitious' free trade pact with India

EU hopes for 'ambitious' free trade pact with India

REUTERS 2020-07-17 11:13:32

The European Union seeks an “ambitious” free trade deal with India though “there is still a way to go”, European Commission President Ursula von der Leyen said on Wednesday. &...

Japan wants to review road projects under its funding

Japan wants to review road projects under its funding

FE REPORT 2020-07-17 10:13:38

Japan has expressed the interest to hold a coordination meeting to review projects under its funding in the road sector, which were hit badly due to the coronavirus pandemic. Japanese Ambassador to...

Green chilli becomes dearer as do other spices

Green chilli becomes dearer as do other spices

FE REPORT 2020-07-17 09:55:37

The prices of green chilli increased further the last week in the city kitchen markets as it hit Tk 200-220 per kilogram (kg) on Thursday. Thursday's green chilli price was the highest in the curre...

12 pvt refiners shut for lack of raw material

12 pvt refiners shut for lack of raw material

M AZIZUR RAHMAN 2020-07-17 09:41:13

A dozen of the country's privately owned petrochemical and refinery plants have been shut from early this month, as the government has stopped supplying necessary raw material to maintain their operat...

Swiss deposit, outward FDI: Proxies for capital flight!

Swiss deposit, outward FDI: Proxies for capital flight!

Asjadul Kibria 2020-07-16 21:07:04

Capital flight is a reality in most of the developing countries including Bangladesh. There is, however, a misperception that capital flight is always harmful and illegal. That's why the term 'capital...

NBR starts accepting online VAT payments

NBR starts accepting online VAT payments

-- 2020-07-16 19:55:40

The National Board of Revenue (NBR) on Thursday introduced Value Added Tax (VAT) e-payment system aiming to simplify the VAT return submission process. NBR chairman Abu Hena Md Rahmatul Muneem inaugu...

Prabhjeet Singh to wheel Uber in India and South Asia

Prabhjeet Singh to wheel Uber in India and South Asia

-- 2020-07-16 17:36:07

Ride-hailing major Uber on Thursday announced the appointment of Prabhjeet Singh as President Uber India and South Asia, tasked with overseeing the next phase of growth in the company’s mobility...

DCCI seeks govt support for printing and publishing sector

DCCI seeks govt support for printing and publishing sector

FE Online Report 2020-07-16 17:08:38

The Dhaka Chamber of Commerce and Industry (DCCI) has sought the government’s support for survival of printing and publishing sector as the sector incurred a loss of Tk 40 billion (4,000 crore)...

Novartis to provide 'no profit' Covid-19 drugs to low-income countries

Novartis to provide 'no profit' Covid-19 drugs to low-income countries

Reuters 2020-07-16 14:02:23

Novartis’s Sandoz division will not make a profit on 15 generic drugs it is making available to developing countries to treat symptoms of Covid-19, the Swiss drugmaker said on Thursday. No...

India posts first trade surplus in 18 years as coronavirus hits imports

India posts first trade surplus in 18 years as coronavirus hits imports

REUTERS 2020-07-16 13:56:49

India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold and other industrial p...

Google latest US tech giant to invest in India’s Jio

Google latest US tech giant to invest in India’s Jio

-- 2020-07-16 13:21:00

Google has become the latest US technology giant to invest in Indian conglomerate Reliance Industries' digital business. The Alphabet-owned search engine has agreed to pay $4.5 billion (£3.6b)...

Tourism industry seeks nod for reopening

Tourism industry seeks nod for reopening

FE Desk 2020-07-16 10:31:16

Coronavirus has affected businesses in Bangladesh as elsewhere in the world. The economic crisis caused by the pandemic has left people in uncertainty about their jobs and business. The local touri...

'Fix rawhide prices' based on five-six months' data

'Fix rawhide prices' based on five-six months' data

FE REPORT 2020-07-16 09:41:07

Finished leather and leather goods exporters have suggested fixing the prices of rawhide of sacrificial animals after analysing the last five-six months' leather export data. It would be reasonable...

Rewriting banks' risk rules crucial: Analysts

Rewriting banks' risk rules crucial: Analysts

FE REPORT 2020-07-16 09:16:05

Traditional risk assessment, management and mitigation factors will be changed in the pandemic situation and dangers should be assessed in a new way, bankers and academics said on Wednesday. They sai...

BRTA enlists over 5,000 vehicles of ride-sharing platforms

BRTA enlists over 5,000 vehicles of ride-sharing platforms

FE Online Report 2020-07-15 19:46:16

The Bangladesh Road Transport Authority (BRTA) has provided enlistment certificates to over 5,000 vehicles of different ride-sharing companies in a bid to expand the service amid pandemic. The regula...

Emirates A380s returns to skies

Emirates A380s returns to skies

-- 2020-07-15 16:40:45

Emirates’ Airbus A380 double-decker returns to the skies on Wednesday with a flight taking off from Dubai International airport for London’s Heathrow airport carrying passengers for the fi...

London’s Huawei decision 'turning point' for China-UK ties: Analyst

London’s Huawei decision 'turning point' for China-UK ties: Analyst

Global Times 2020-07-15 16:27:13

The UK's move to ban Huawei may further sour strained China-UK political ties, largely reduce personnel exchanges, and most likely prompt Beijing to take reciprocal measures against London's discrimin...

‘BD promising market for IT innovations’

‘BD promising market for IT innovations’

FE Online Report 2020-07-15 16:25:30

Bangladesh is a promising market for the global innovations in the information technology sector, regional managing director of Oracle ASEAN & SAGE Cherian Varghese said. “Seeing the prospe...

FEAB launches online fashion exhibition

FEAB launches online fashion exhibition

FE REPORT 2020-07-15 15:50:28

The first-ever online exhibition on fashion wears has launched on Wednesday. Fashion Entrepreneurs Association of Bangladesh (FEAB) organised the 15-day long online exhibition where all the leading f...

Uber enlists over 5,000 vehicles on its platform since resuming services in Dhaka

Uber enlists over 5,000 vehicles on its platform since resuming services in Dhaka

FE Online Desk 2020-07-15 13:26:44

Uber has announced that it has enlisted over 5,000 vehicles on its platform to provide efficient, convenient and affordable transportation for riders, along with creating livelihood opportunities for...

Dhaka-Sylhet rail uplift: BR contemplates another project

Dhaka-Sylhet rail uplift: BR contemplates another project

MUNIMA SULTANA 2020-07-15 11:25:02

Bangladesh Railway (BR) will undertake another project to upgrade Dhaka-Sylhet corridor for no progress in a similar costly ongoing project, sources said. The Tk 161.04-billion Akhaura-Sylhet proje...

Ctg RMG factories lose orders worth Tk 100b

Ctg RMG factories lose orders worth Tk 100b

NAZIMUDDIN SHYAMOL 2020-07-15 10:02:14

CHATTOGRAM: The coronavirus pandemic has weighed heavily on the readymade garment (RMG) sector in the port city, as orders worth about Tk 100 billion from global apparel brands have already been can...

NBR to accept e-notification as treasury chalan

NBR to accept e-notification as treasury chalan

-- 2020-07-15 10:01:24

The National Board of Revenue (NBR) will now allow the electronic notification of Integrated VAT Administration System (IVAS) on payment of taxes as a substitute for treasury chalan. The Value Added...

Govt fixes Tk 8000 as min wage in plastic sector

Govt fixes Tk 8000 as min wage in plastic sector

FE REPORT 2020-07-15 09:50:37

The government has fixed Tk 8000 as monthly minimum wage for the workers of the country's plastic sector, announcing a 56.86 per cent hike. A 5.0 per cent annual increment of the basic has also bee...

Emirates to resume flights to six more destinations

Emirates to resume flights to six more destinations

-- 2020-07-14 17:40:53

Emirates is going to resume its flights six destinations -- Geneva, Los Angeles, Dares Salaam, Prague, Sao Paulo, and Boston, offering customers even more travel options. Emirates will resume the fli...

City Bank inks MoU with PrimaDollar

City Bank inks MoU with PrimaDollar

FE Online Desk 2020-07-14 16:50:20

City Bank has signed a Memorandum of Understanding (MoU) with PrimaDollar to facilitate the exporters of the bank involved in foreign trade on deferred sales contract terms. PrimaDollar is a global t...

Trust Bank gets new director

Trust Bank gets new director

FE ONLINE DESK 2020-07-14 16:26:27

Renowned businessman Arshad Jamal has recently been appointed as an independent director of Trust Bank Ltd. He will also be a member of Audit Committee and that of Risk Management Committee of the bo...

A third of British company audits failed quality test, watchdog says

A third of British company audits failed quality test, watchdog says

REUTERS 2020-07-14 15:58:22

A third of company audits by Britain’s leading accounting firms failed a quality test, the country’s accounting watchdog said on Tuesday, piling further pressure on a sector already being...