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The Financial Express

Search results for: trade

DCCI teams up with ICMAB to facilitate business

DCCI teams up with ICMAB to facilitate business

FE Online Report 2020-11-25 19:13:36

Dhaka Chamber of Commerce and Industry (DCCI) signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Tuesday. DCCI President Shams M...

Apparel exporters want simplification of rules for procuring raw materials

Apparel exporters want simplification of rules for procuring raw materials

DOULOT AKTER MALA 2020-11-25 15:08:44

The country's apparel manufacturers and exporters, who use local raw materials, are facing difficulties in procuring inputs due to Bangladesh Bank’s mandatory rule to have bond licences for open...

Uniform LPG price most likely with 25pc subsidy

Uniform LPG price most likely with 25pc subsidy

M AZIZUR RAHMAN 2020-11-25 11:05:37

The country's energy regulator has suggested a subsidy of 25 per cent on the import price of LPG, or liquefied petroleum gas, for the operators to keep the cost of the cooking fuel within the reach...

Trading major business of Bangladesh SMEs: Survey

Trading major business of Bangladesh SMEs: Survey

FE REPORT 2020-11-25 10:08:26

Trading has emerged as the most dominant SME business in Bangladesh followed by manufacturing, according to a latest survey released on Tuesday. The survey said some 69 per cent SMEs is involved in t...

Historic Kamalapur railway building to be demolished

Historic Kamalapur railway building to be demolished

MUNIMA SULTANA 2020-11-25 10:06:53

The Bangladesh Railway (BR) will demolish the historic Kamalapur rail station building in order to accommodate space for mass rapid transit (MRT) line-06. To this end, a coordination meeting of BR,...

Payra seaport project cost four-time higher now!

Payra seaport project cost four-time higher now!

FE REPORT 2020-11-25 09:56:17

The government has endorsed four-time higher project cost as the Payra Port Authority (PPA) has failed to acquire required land for seaport infrastructure development in five years. The PPA will no...

LankaBangla credit card spending campaign’s awards giving ceremony 

LankaBangla credit card spending campaign’s awards giving ceremony 

-- 2020-11-24 22:31:46

LankaBangla Finance Limited recently organised a award giving ceremony titled "Spend More, Win Extra" - Spend Campaign. The campaign ran jointly by LankaBangla Finance Limited and Esquire Electronic...

First Bangladeshi Int'l motorcycle brand winning Superbrands

First Bangladeshi Int'l motorcycle brand winning Superbrands

FE Online Desk 2020-11-24 21:27:21

Runner became the first Bangladeshi International Motorcycle Brand Winning Superbrands for the year 2020-21. It was announced at a grand online award ceremony recently.   Salman Fazlur Rahma...

MetLife introduces direct premium payment through bKash

MetLife introduces direct premium payment through bKash

FE Online Desk 2020-11-24 12:42:43

As consumer demand for mobile financial services continues to surge in the wake of COVID-19, MetLife Bangladesh has introduced even more convenient ways of premium payment through bKash. MetLife&rsquo...

Online land development tax system by March

Online land development tax system by March

FE REPORT 2020-11-24 10:29:12

The online land development tax system will be fully operational by March next year as the ongoing training on it will be completed by next month, a high official of the land ministry said on Monday....

Coronavirus: World’s largest latex glove maker shuts factories

Coronavirus: World’s largest latex glove maker shuts factories

-- 2020-11-24 10:27:29

The world's largest maker of latex gloves will shut more than half of its factories after almost 2,500 employees tested positive for coronavirus. Malaysia's Top Glove will close down 28 plants in pha...

Garment exporters demand waiver from emergency charges

Garment exporters demand waiver from emergency charges

MONIRA MUNNI 2020-11-24 10:08:26

Apparel makers have demanded the withdrawal of emergency cost recovery surcharges (ECRS) imposed by feeder vessel operators on Bangladesh's outbound and inbound shipments. Feeder vessel operators to...

Social media giants to be allowed to register with Bangladesh's revenue board

Social media giants to be allowed to register with Bangladesh's revenue board

DOULOT AKTER MALA 2020-11-24 09:53:58

The National Board of Revenue (NBR) is set to allow social media giants to register with the VAT department, though the foreign companies have no local bank accounts. The requirement for having a loc...

SMEs contribute over 80pc to industrial employment

SMEs contribute over 80pc to industrial employment

-- 2020-11-23 20:39:27

Small and medium-sized enterprises (SMEs) contribute 80 to 85 per cent to the industrial employment of the country, according to a new study. According to the research, conducted by the SME Foundatio...

New showroom of Minister inaugurated in Syedpur

New showroom of Minister inaugurated in Syedpur

-- 2020-11-23 19:26:16

The 136th showroom of Minister was recently inaugurated on Dinajpur Road in Syedpur. Syedpur Upazila Chairman Moksedul Momin inaugurated the showroom, according to a press release. Minister GM Md....

WTO’s new trade report focuses innovation

WTO’s new trade report focuses innovation

FE Online Report 2020-11-23 19:04:19

The shift towards digitalisation and knowledge-based economies highlights the increasing importance of innovation and technology to economic growth, observed the World Trade Organization (WTO) in its...

Bangladesh raises Boro rice acreage target by 50,000 hectares

Bangladesh raises Boro rice acreage target by 50,000 hectares

FE REPORT 2020-11-23 10:27:38

The government has set a target of increasing the acreage of Boro crop by 50,000 hectares this year aiming to meet production shortfall. "We were expecting a fall in Aman output to some extent amid...

Telecom companies urge tax cut for affordable internet

Telecom companies urge tax cut for affordable internet

FE REPORT 2020-11-23 10:18:05

Chief executive officers (CEOs) of the country's telecom operator companies have urged the government to cut corporate income tax so that the industry can provide internet access to common people at a...

Proposal to reduce 'tax burden on vulnerable companies' rejected

Proposal to reduce 'tax burden on vulnerable companies' rejected

DOULOT AKTER MALA 2020-11-23 09:47:01

The revenue board has dismissed a number of proposals from the Bangladesh Investment Development Authority (BIDA) that the latter feels would help ease doing business in the country. In one proposa...

British Airways seeks clearance to resume Dhaka-London flights after 11 years

British Airways seeks clearance to resume Dhaka-London flights after 11 years

-- 2020-11-22 21:19:02

British Airways has applied for permission from the Civil Aviation Authority of Bangladesh (CAAB) to resume direct flights on the Dhaka-London route after 11 years. Md Mohibul Haque, the secretary of...

LankaBangla Finance Limited and Nagad become partners

LankaBangla Finance Limited and Nagad become partners

-- 2020-11-22 20:37:02

LankaBangla Finance Limited and Nagad signed a corporate agreement recently in a city hotel, says a press release. Nagad is the digital financial arm of the Bangladesh Post Office. Under this a...

HSBC appoints Kevin Green as country head of Wholesale Banking, Bangladesh

HSBC appoints Kevin Green as country head of Wholesale Banking, Bangladesh

-- 2020-11-22 18:09:33

Kevin Green has been appointed country head of Wholesale Banking, HSBC Bangladesh effective from November 15, 2020, says  a press release. Kevin will focus on enhancing the client experience and...

Star Kabab dishes now available through e-food

Star Kabab dishes now available through e-food

-- 2020-11-22 17:59:55

Dishes of Star Kabab and Restaurant, one of the most favoruite names for food lovers, will be available at e-food. Due to this tie up, customers can order Star Kabab's food online and taste it at hom...

Uber launches 24x7 safety helpline in Bangladesh

Uber launches 24x7 safety helpline in Bangladesh

FE ONLINE DESK 2020-11-22 13:13:09

Uber has launched a 24x7 safety helpline in Bangladesh bringing a new feature where riders can straight call up the Uber safety team in case of any risk or driver or co-passenger related issues. The...

Guardian Life Insurance signs agreement with Rural Development Academy

Guardian Life Insurance signs agreement with Rural Development Academy

FE Online Desk 2020-11-22 13:05:07

Guardian Life Insurance Ltd and Rural Development Academy (RDA) Bogura have recently signed a group insurance agreement. Under the agreement, all the employees of Rural Development Academy (RDA) Bogu...

Tax evasion by MNCs, individuals high in Bangladesh: TJN

Tax evasion by MNCs, individuals high in Bangladesh: TJN

FE REPORT 2020-11-22 11:06:33

The tax abuse by multinational corporations (MNCs) and private individuals in Bangladesh is equivalent to at least three-fifths of the country's health budget, according to an estimate by Tax Justice...

Mobile phone handsets assembled in Bangladesh grab 60pc market share

Mobile phone handsets assembled in Bangladesh grab 60pc market share

JASIM UDDIN HAROON and SAIF UDDIN 2020-11-22 10:49:01

Some 10 telecom vendors have set up plants in Bangladesh considering the size of market and increasing purchasing power of the population. The emergence of tech firms in just three years since 2017 n...

'Youths need to be groomed with modern tech skills'

'Youths need to be groomed with modern tech skills'

FE REPORT 2020-11-22 10:30:22

A panel of experts during a webinar on Saturday called for training the nation's youth with future technology-based skills to handle the post-pandemic economy. They also called for reskilling the wor...

Powerful syndicate active in smuggling thru Benapole landport

Powerful syndicate active in smuggling thru Benapole landport

OUR CORRESPONDENT 2020-11-22 10:14:56

A powerful smuggling syndicate has become active around the country's largest land port, Benapole. Various smuggling goods are being brought to Bangladesh using Indian trucks. According to local tra...

ILO gives Dhaka time until March to comply with three core conventions

ILO gives Dhaka time until March to comply with three core conventions

Monira Munni 2020-11-22 09:56:23

International Labour Organization (ILO) has deferred until next March its decision about taking further action against Bangladesh's non-observance of three core conventions, sources said. It also urg...