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Search results for: trade

FM terms RMG order cancellation irresponsible act

FM terms RMG order cancellation irresponsible act

FE Online Report 2020-06-03 17:24:25

Foreign buyers who cancelled RMG orders from Bangladesh amid corona pandemic has committed an irresponsible act. Foreign Minister Dr AK Abdul Momen made the comment while talking to Irish Deputy Prim...

Sell TCB goods at upazila, municipality levels: HC

Sell TCB goods at upazila, municipality levels: HC

-- 2020-06-03 15:11:33

The High Court on Wednesday ordered the authorities concerned to take necessary steps within seven days for selling Trading Corporation of Bangladesh (TCB) products at upazila and municipality levels....

Chinese company to invest $1.02m in Chattogram EPZ

Chinese company to invest $1.02m in Chattogram EPZ

FE Online Desk 2020-06-03 14:22:53

Chinese Company M/s Unicorn Leather Goods Factory Ltd will establish a leather and artificial leather products manufacturing industry in Chattogram Export Processing Zone. This fully foreign owned co...

72.12pc work of metro rail’s first phase completed

72.12pc work of metro rail’s first phase completed

-- 2020-06-03 12:13:41

The construction work of the country’s first ever metro rail is progressing fast as the authorities have completed overall 72.12 per cent work so far of the project from Uttara to Agargaon as pe...

Hotel Sonargaon gets going fully June 08

Hotel Sonargaon gets going fully June 08

FE DESK REPORT 2020-06-03 10:14:03

The Pan Pacific Sonargaon Dhaka will be fully operational and prepared to serve its valued patrons with heightened safety measures from June 08 onwards, said a press release. A comprehensive disinfec...

DPS holders get until June 20 to pay installments

DPS holders get until June 20 to pay installments

FE REPORT 2020-06-03 10:11:05

Depositors can now be able to pay their due installments of DPS (deposit pension scheme) and other savings schemes for the months of April and May, 2020 by the 20th of this month (June) without any...

Price of green papaya soars

Price of green papaya soars

Yasir Wardad 2020-06-03 10:04:54

The price of green papaya showed uptrend in the city kitchen markets in last few days, market sources said. Green papaya, which is an available vegetable round-the-year, was selling at Tk 60-80 a k...

Ship-breakers suffering huge loss for AT, COVID-19

Ship-breakers suffering huge loss for AT, COVID-19

Nazimuddin Shyamol 2020-06-03 10:04:37

CHATTOGRAM: The ship-breaking industry which supplies raw materials for the country's steel and iron sector is suffering a huge loss in the current financial year because of twin problems, imposition...

Delivery orders issued in record lowest 10 minutes

Delivery orders issued in record lowest 10 minutes

Our Correspondent 2020-06-03 09:59:39

Benapole Customs House has set a new record across the country by reducing the customs duty assessment time through issuing customs delivery orders in just ten minutes and release orders in nine minut...

Most malls resume trade after Eid

Most malls resume trade after Eid

SAIF UDDIN 2020-06-03 09:45:41

Most of the shopping malls in Dhaka city have resumed operations after Eid vacation amid risks of Covid-19 that transmit to people who come into close contact. It is mandatory to maintain hygiene at...

Vivo V19 combines all camera technology

Vivo V19 combines all camera technology

FE Online Desk 2020-06-02 23:37:39

Vivo has come up with its new smartphone V19 after Eid vacation. During this COVID-19 crisis,  V19 can be a different experience for photography. A dual eye view selfie camera has been added to t...

Biman cancels flights due to lack of passengers

Biman cancels flights due to lack of passengers

-- 2020-06-02 23:27:03

Biman Bangladesh Airlines has cancelled its all domestic flights due to a lack of passengers on the second day after resumption of services following a two-month shutdown over the coronavirus crisis....

India launches $6.7b plan to boost electronics manufacturing

India launches $6.7b plan to boost electronics manufacturing

-- 2020-06-02 23:04:03

India launches $6.7b plan to boost electronics manufacturing India has launched a $6.65 billion plan to boost electronics manufacturing, saying it would start by offering incentives to five global sm...

Daraz to invest Tk 5.0b in Bangladesh

Daraz to invest Tk 5.0b in Bangladesh

-- 2020-06-02 21:16:38

Daraz, a leading online marketplace in the country and a subsidiary of Alibaba Group, will invest Tk 5.0 billion in Bangladesh by 2021 to make the e-commerce experience more congenial for the customer...

British fashion app sells off unwanted stock to aid Bangladeshi workers

British fashion app sells off unwanted stock to aid Bangladeshi workers

-- 2020-06-02 20:03:13

A British shopping app is raising money to help hard-pressed garment workers in Bangladesh by selling off clothes ditched by global fashion brands as the coronavirus crisis decimated their sales, Reut...

Saudi firm's solar power plan faces opposition

Saudi firm's solar power plan faces opposition

Mir Mostafizur Rahaman 2020-06-02 10:58:30

Saudi power company ACWA's proposal to generate solar power in the farms of state-owned sugar corporation has triggered opposition from interest groups who fear destruction of fertile agricultural lan...

Coronavirus halts PTA bid for months

Coronavirus halts PTA bid for months

SYFUL ISLAM 2020-06-02 10:26:15

The signing of preferential trade agreements (PTAs) with three friendly nations has been delayed for months as the economy is battling the global COVID-19 fallout, officials have said. Trade offici...

EU to provide 500m euros for garment workers

EU to provide 500m euros for garment workers

Monira Munni 2020-06-02 09:43:14

The European Union will provide a fund worth 500 million euros to support the country's readymade garment workers, informed sources said. The fund will be disbursed among the RMG workers, who might l...

Mobile, tobacco use likely to be costlier in FY ’21

Mobile, tobacco use likely to be costlier in FY ’21

DOULOT AKTER MALA 2020-06-02 09:35:32

Mobile phone users and tobacco consumers may have to count additional costs in the upcoming fiscal year (FY). The Value Added Tax (VAT) wing under the National Board of Revenue (NBR) is likely to pro...

BB allows private sector to provide electronic payment services

BB allows private sector to provide electronic payment services

FE Online Report 2020-06-01 17:24:23

The Bangladesh Bank (BB) has issued a guideline allowing non-bank entities to provide electronic payment services to the customers of schedule banks and others. Such service will fall under the PSO (...

BASIC Bank Islampur branch locked down after eight employees contract virus

BASIC Bank Islampur branch locked down after eight employees contract virus

FE Online Report 2020-06-01 16:18:32

The Islampur branch of BASIC Bank was locked down on Monday after eight employees including the branch in-charge tested positive for COVID-19. A senior official of the state-owned commercial bank (So...

RSC takes over Accord operations

RSC takes over Accord operations

FE Online Report 2020-06-01 15:10:24

The RMG Sustainability Council (RSC) on Monday took over the functions of Accord as the extended tenure of the western retailers’ platform finally ended on Sunday. Ready-made garment (RMG) manu...

Domestic flights resume after two-month suspension

Domestic flights resume after two-month suspension

-- 2020-06-01 14:33:35

Domestic flights operation resumed on Monday on Dhaka-Chattogram, Dhaka-Sylhet and Dhaka-Saidpur routes on a limited scale after more than two months of suspension amid the COVID-19 pandemic. While t...

Call for policy support on BtC cross-border trading

Call for policy support on BtC cross-border trading

FE REPORT 2020-06-01 09:48:03

Speakers at an online discussion accentuated the need for easing policies on business to consumer (BtC) cross-border trading. They said trading in Bangladesh and elsewhere in the world during the cor...

RMG exports drop 62pc to $1.06b in May

RMG exports drop 62pc to $1.06b in May

MONIRA MUNNI 2020-06-01 09:34:08

The country's ready-made garment (RMG) exports in May 2020 declined by 62 per cent to US$ 1.06 billion over the earnings of the corresponding month in last calendar year. Export earnings from the app...

Potato prices go up by 28pc in a week

Potato prices go up by 28pc in a week

Yasir Wardad 2020-06-01 09:31:23

The prices of potato went up sharply in the city market within a week, hitting the consumers' pockets. Traders said a fall in production as well as surge in transport costs are key reasons behind hik...

Vaccine to remain beyond reach of local pharma cos

Vaccine to remain beyond reach of local pharma cos

Doulot AKter Mala 2020-06-01 09:21:03

Bangladesh will not be able to produce COVID-19 vaccine, when it is developed. The country is yet to achieve the World Health Organization's (WHO) global benchmarking criteria essential to apply for...

Over 1.2m students get stipends through bKash

Over 1.2m students get stipends through bKash

-- 2020-05-31 20:51:36

More than 1.2 million secondary level students received their stipends money through bKash from the government fund before Eid-ul-Fitr. “This is the first time 1.26 million secondary level stud...

Korean company to invest $10m in BEPZA for business expansion

Korean company to invest $10m in BEPZA for business expansion

FE ONLINE DESK 2020-05-31 16:17:22

Even as the world is in economic recession, a South Korean company is going to expand its business with the investment of US$ 10 million more in Bangladesh Export Processing Zone Authority, or BEPZA....

Country's biggest Payra coal-fired power plant remains shut

Country's biggest Payra coal-fired power plant remains shut

M AZIZUR RAHMAN 2020-05-31 15:46:07

The country’s biggest 660 MW Payra coal-fired power plant has remained shut for the past couple of weeks following its commercial operation of only five days. The first unit of the Payra therma...