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The Financial Express

Search results for: trade

FBCCI chief Fahim made new chairman of D-8 Chamber

FBCCI chief Fahim made new chairman of D-8 Chamber

-- 2021-04-05 19:48:15

FBCCI President Sheikh Fazle Fahim has been made Chairman of D-8 Chamber of Commerce and Industries (D8CCI). It was announced at the 'D-8 Business Forum' held on Monday on the eve of the 10th D-8 Sum...

108MP camera smartphone realme 8 Pro hits the market

108MP camera smartphone realme 8 Pro hits the market

-- 2021-04-05 18:14:55

Youth-centric smartphone brand realme has launched two smartphones – realme 8 Pro and realme C21 - at the same time in Bangladeshi market to satiate the thirst of the tech-savvy youths, accordin...

South Korea's LG announces closure of smartphone business

South Korea's LG announces closure of smartphone business

Reuters 2021-04-05 12:26:04

South Korea’s LG Electronics will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw f...

Amazon acknowledges issue of drivers urinating in bottles

Amazon acknowledges issue of drivers urinating in bottles

-- 2021-04-05 10:21:34

Amazon.com Inc has apologised to US Representative Mark Pocan, admitting to scoring an “own goal” in its initial denial of his suggestion that its drivers were sometimes forced to urinate...

Chattogram traders fear loss of business during lockdown

Chattogram traders fear loss of business during lockdown

NAZIMUDDIN SHYAMOL 2021-04-05 10:03:53

CHATTOGRAM: With a fresh one-week nationwide lockdown being enforced from today to control the new Covid-19 wave in the country, traders in Chattogram fear a huge loss of their business, especially du...

NBR to frame special VAT payment policy for reconditioned vehicles

NBR to frame special VAT payment policy for reconditioned vehicles

Doulot Akter Mala 2021-04-05 09:52:07

The National Board of Revenue (NBR) has moved to frame a special VAT payment policy for the sales and marketing of imported reconditioned vehicles in order to resolve complexities relating to fiscal m...

BTCL launches 'Alaap' app

BTCL launches 'Alaap' app

FE REPORT 2021-04-05 09:48:29

Bangladesh Telecommunications Company Limited (BTCL) launched an IP calling app named 'Alaap' on Sunday. Anyone having internet connections with his/her mobile handsets can talk at 30 paisa per minut...

Dhaka city markets see further hike in essentials' prices

Dhaka city markets see further hike in essentials' prices

FE REPORT 2021-04-05 08:02:28

Prices of rice, onion, potato, broiler chicken, and egg witnessed a further hike on Sunday ahead of the lockdown from today (Monday), raising the concern of the commoners. Rice prices increased by Tk...

BGMEA election 2021-23 ends with 86pc votes cast

BGMEA election 2021-23 ends with 86pc votes cast

FE Online Report 2021-04-04 20:15:20

The biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-23 ended at 7:00pm, recording more than 86 per cent votes cast. A total of 1,604 BGME...

Bank transactions till 12.30pm during lockdown

Bank transactions till 12.30pm during lockdown

-- 2021-04-04 18:31:30

Bangladesh regulators have decided to keep banks open for transactions from 10 am to 12:30 pm and stock exchanges for two hours during the coronavirus lockdown that starts on Monday. After transactio...

Foreign exchange rules against inland transactions, policy for exporters relaxed

Foreign exchange rules against inland transactions, policy for exporters relaxed

-- 2021-04-04 17:14:22

Bangladesh Bank has relaxed the foreign exchange regulations against the admissible inland transactions through their nostro accounts, with validity up to June 30, 2021. “Given the ongoing situ...

Voting underway in BGMEA election

Voting underway in BGMEA election

FE Online Report 2021-04-04 16:20:44

The biennial election of the apparel trade body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-23 is underway. The voting in the election started at 9:00 pm at R...

EBL, Sattar Group sign payroll banking agreement

EBL, Sattar Group sign payroll banking agreement

FE Online Desk 2021-04-04 12:51:31

Eastern Bank Ltd (EBL) signed a Payroll Banking Agreement with Sattar Group on a digital platform in Dhaka recently. M Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of...

NBR moves to speed up revenue collection

NBR moves to speed up revenue collection

-- 2021-04-04 10:05:39

The National Board of Revenue (NBR) is widening its net and realising outstanding taxes to meet the yearly revenue collection target of the Income Tax Wing, reports UNB. For the fiscal year 2020-21,...

NBR waives VAT for Bangladesh Games

NBR waives VAT for Bangladesh Games

FE REPORT 2021-04-04 09:53:02

The revenue board has waived value-added tax (VAT) on all types of expenditure of the Bangabandhu 9th Bangladesh Games to facilitate the organiser, the Bangladesh Olympic Association (BOA). The domes...

BGMEA goes to polls today

BGMEA goes to polls today

FE REPORT 2021-04-04 08:36:15

The biennial election to the apparel apex trade body -- Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for 2021-23 term -- will be held today (Sunday). A total of 1,853 BGMEA Dhak...

SME Foundation works on disbursement policy

SME Foundation works on disbursement policy

FE REPORT 2021-04-04 08:33:06

The SME Foundation has started work on finalising a policy on loan disbursement among pandemic-hit small and medium enterprises from the Tk 1.0 billion stimulus package by next June. In its 15th an...

Lockdown announcement triggers panic buying of commodities

Lockdown announcement triggers panic buying of commodities

-- 2021-04-03 21:54:12

Dhaka city dwellers were gathering at kitchen market in a fit of panic buying after the government announced a countrywide ‘lockdown’ for seven days from April 5-11 to tackle the spread of...

Suez Canal shipping backlog ends

Suez Canal shipping backlog ends

REUTERS 2021-04-03 20:40:47

All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, th...

BB signs PAs with 12 banks, two FIs to operate Tk 10b TDF

BB signs PAs with 12 banks, two FIs to operate Tk 10b TDF

-- 2021-04-03 20:22:59

The Bangladesh Bank (BB) has signed participation agreements (PAs) with 12 banks and two financial institutions (FIs) to operate its Technology Development Fund (TDF), a refinance scheme of Tk 10 bill...

BGMEA extends voting time to ensure COVID-19 health rules

BGMEA extends voting time to ensure COVID-19 health rules

-- 2021-04-03 19:57:19

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has extended the time for voting in the elections to its body of executives with an aim to maintain health safety rules amid increasi...

Suez Canal shipping backlog to end Saturday

Suez Canal shipping backlog to end Saturday

REUTERS 2021-04-03 18:29:03

 The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation...

Gloria Jean’s Coffees opens sixth outlet

Gloria Jean’s Coffees opens sixth outlet

-- 2021-04-03 18:07:35

Gloria Jean’s Coffees inaugurated its sixth outlet at Rampura in Dhaka on Friday, according to a statement. A small event on this occasion was arranged at the venue at 7:30 pm. Sudip Chakrabort...

Prime Bank NEERA’s financial literacy initiative for unbanked women

Prime Bank NEERA’s financial literacy initiative for unbanked women

FE Online Desk 2021-04-03 14:29:56

Prime Bank’s women-focused initiative ‘NEERA’ has undertaken a countrywide programme to drive financial literacy among the unbanked women of the society. As part of ‘Month of...

Ceramic makers seek withdrawal of supplementary duty

Ceramic makers seek withdrawal of supplementary duty

FE REPORT 2021-04-03 13:19:52

Country's ceramic makers have demanded the withdrawal of existing supplementary duty and reduction in other taxes on imports of raw materials to help protect the domestic industry from an uneven compe...

Veg prices rise on supply crunch

Veg prices rise on supply crunch

FE REPORT 2021-04-03 13:14:30

Vegetables have become pricier adding to the hardship of commoners as they are already battered with increased prices of rice, wheat flour, edible oil, sugar, chicken, fish, milk and other essential...

Over 0.1m went abroad with jobs in eight months

Over 0.1m went abroad with jobs in eight months

Arafat Ara 2021-04-03 13:09:52

More than 100,000 workers went abroad with jobs in the last eight months until February this year after the employing countries withdrew the travel ban on migrant workers from Bangladesh, officials sa...

Japan and US aim for chip supply chain deal with PM Suga's visit

Japan and US aim for chip supply chain deal with PM Suga's visit

REUTERS 2021-04-03 10:29:55

Japan and the United States will cooperate on the supply of critical parts for chips, aiming for an agreement when the leaders of both countries meet later this month, the Nikkei newspaper said on Fri...

Burger King ad showing a sandwich blocking Suez canal triggers angry reactions online

Burger King ad showing a sandwich blocking Suez canal triggers angry reactions online

-- 2021-04-02 17:27:11

Burger King has drawn flak on social media after the fast-food restaurant used the recent Suez Canal blockage to promote a sandwich, reports bdnews24.com citing The Indian Express. In their latest so...

Enhancing B2B experience

Enhancing B2B experience

-- 2021-04-02 16:10:56

Serai, a B2B digital platform for the apparel industry, has been enabling and empowering the local readymade garment (RMG) sector in unprecedented ways since its launch in Bangladesh. Even prior to t...