Loading...
The Financial Express

Search results for: trade

Backtracks on banking commission

Backtracks on banking commission

FE Report 2018-06-09 10:03:59

Finance Minister A M A Muhith backtracked on Friday from his position regarding formation of a banking commission by this month. Rather, he wanted to pass the responsibility of forming the commission...

Corporate tax cut to help reduce lending rates

Corporate tax cut to help reduce lending rates

FE Report 2018-06-09 09:50:47

Finance Minister AMA Muhith on Friday defended his proposal to cut corporate tax rates for banks and financial institutions, saying that the move is intended to help bring down the lending rates to si...

BD rice tax pushes India prices down

BD rice tax pushes India prices down

-- 2018-06-09 00:45:13

Rice export prices in India fell this week to their lowest this year. It happened before top buyer Bangladesh slaps import duty on exports of the grain after domestic production recovered, reports Re...

Highland Spring trials UK's first 100pc recycled bottle

Highland Spring trials UK's first 100pc recycled bottle

-- 2018-06-08 15:05:49

Highland Spring, Scottish supplier of bottled water, is to become the first UK water brand to introduce a 100 per cent recycled bottle. The company is trialling the new plastic bottles in a bid to...

Allies set to clash with Trump over tariffs

Allies set to clash with Trump over tariffs

-- 2018-06-08 11:07:51

Leaders of the Group of Seven rich nations are set to clash with a combative US President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminium they fear could lead to...

Corporate tax, source tax may rise for RMG sector

Corporate tax, source tax may rise for RMG sector

FE Report 2018-06-08 10:09:23

Apparel makers may have to pay corporate tax and source tax at increased rates from the next fiscal year (FY), 2018-19. Currently, the apparel makers are enjoying a reduced corporate tax rate of 12 p...

Muhith gives universal pension scheme outline

Muhith gives universal pension scheme outline

FE Report 2018-06-08 10:04:42

The government has planned to introduce a 'universal pension scheme' for all working people engaged in the private sector, both in formal and non-formal areas. In the budget speech for the upcoming f...

Muhith proposes 5pc VAT on online shopping

Muhith proposes 5pc VAT on online shopping

-- 2018-06-07 18:33:20

Finance Minister AMA Muhith has proposed five per cent Value Added Tax (VAT) on online shopping for the coming fiscal starting on June 30. “With the fast development of internet technology, soc...

Duties on school bus import likely to go

Duties on school bus import likely to go

-- 2018-06-07 18:11:19

The government will consider exemption of duties on import of school buses upon receiving intents from schools or related agencies. Finance minister MA Muhit said this in his budget speech on Thursda...

Facebook, Google, Youtube to pay taxes on their incomes

Facebook, Google, Youtube to pay taxes on their incomes

-- 2018-06-07 17:42:03

Finance Minister AMA Muhith proposed introduction of new provisions in the tax laws over the taxation of virtual and digital sectors, such as Facebook, Google, Youtube, on their incomes earned in Bang...

More charges on tobacco products

More charges on tobacco products

-- 2018-06-07 17:41:59

The use of tobacco products, including cigarette, bidi, zarda and gul, are going to be costlier from the next fiscal (fiscal 2018-19) as the National Board of Revenue (NBR) is shifting to a uniform ta...

Local mobile, motorcycle makers get VAT exemptions

Local mobile, motorcycle makers get VAT exemptions

-- 2018-06-07 17:14:24

The local manufacturers of mobile handsets and motorcycles received a boost as Finance Minister AMA Muhith proposed VAT exemptions on local production, and imposed surcharge on imported devices. In p...

Electronic device for VAT collection soon

Electronic device for VAT collection soon

-- 2018-06-07 16:18:29

The government has taken an initiative to install Electronic Fiscal Device (EFD) in business units for ensuring transparency in VAT collection system as the highest portion of revenue is collected fro...

Surcharge on double-car ownership

Surcharge on double-car ownership

FE Online Desk 2018-06-07 15:59:49

A surcharge has been proposed to levy on people with two motor cars or house property with an aggregate area of 8,000 square feet in a city corporation. He said this while placing the proposed budge...

SIBL opens branch at Ctg’s Shantirhat

SIBL opens branch at Ctg’s Shantirhat

FE Online Desk 2018-06-07 15:51:22

Social Islami Bank Limited (SIBL) has opened a new branch at Shantirhat in Patiya upazila of Chattogram. Professor Md Anwarul Azim Arif, Chairman of SIBL inaugurated the branch on Thursday (today), a...

SJIBL holds 264th board meeting

SJIBL holds 264th board meeting

FE Online Desk 2018-06-07 14:10:44

The 264th meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held recently at the Head Office of the bank. Chairman of the Board of Directors, Akkas Uddin Mollah presided...

Budget proposes VAT on e-commerce

Budget proposes VAT on e-commerce

FE Online Desk 2018-06-07 14:04:20

Finance Minister AMA Muhith has proposed VAT on e-commerce at 5.0 per cent in the budget for fiscal year 2018-19. The businesses also involve those using Facebook for sales. Earlier in 2015,...

Walmart settles discrimination lawsuit by transgender worker

Walmart settles discrimination lawsuit by transgender worker

-- 2018-06-07 13:56:09

Walmart has settled a lawsuit by a transgender former employee in North Carolina who accused the retail giant of unlawfully firing her for complaining about harassment. Arkansas-based Walmart and the...

442 textile, RMG units prone to unrest

442 textile, RMG units prone to unrest

Monira Munni 2018-06-07 10:44:05

Some 442 textile and readymade garment (RMG) factories across the country are 'vulnerable' to labour unrest over payment of wages and festival allowances, officials said. Intelligence agencies record...

BKMEA seeks Tk 10.50b fund to pay wages

BKMEA seeks Tk 10.50b fund to pay wages

FE Report 2018-06-07 10:22:26

Knitwear manufactures have sought a fund of Tk 10.50 billion from the government to pay wages and allowances to the workers, officials said. Acting president of Bangladesh Knitwear Manufacturers and...

EU plans to hit US imports with duties from July

EU plans to hit US imports with duties from July

-- 2018-06-06 22:13:31

The European Union (EU) expects to hit US imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and alumi...

Uber offers insurance for riders, drivers in Bangladesh

Uber offers insurance for riders, drivers in Bangladesh

-- 2018-06-06 14:34:38

Uber, the world's largest on-demand ridesharing company, has launched insurance programme for its riders and drivers in Bangladesh. The policy will provide both riders and drivers with free coverage...

Sonali Bank, bKash sign agreement

Sonali Bank, bKash sign agreement

FE Online Desk 2018-06-06 12:25:15

bKash Limited, the largest mobile financial service provider in the country, signed an agreement with Sonali Bank recently, facilitating bKash customers to make e-challan payment for all type of publi...

BRAC Bank reiterates commitment to green banking

BRAC Bank reiterates commitment to green banking

FE Online Desk 2018-06-06 12:17:47

BRAC Bank Limited has marked World Environment Day reiterating its strong commitment to green banking. On the occasion, BRAC Bank presented plants to its customers and stakeholders as a part of envir...

BRT project: Executing agencies seek extension in time, cost

BRT project: Executing agencies seek extension in time, cost

FHM Humayan Kabir 2018-06-06 11:11:23

The project-executing agencies concerned have sought two more years to complete building the country's first dedicated bus rapid transit (BRT) line, officials said on Tuesday. If the time extension i...

China's ZTE signs preliminary agreement to lift US ban

China's ZTE signs preliminary agreement to lift US ban

-- 2018-06-06 10:49:04

ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China’s No. 2 telecommunications equipment maker to get back in...

Govt to raise import duty on rice: Tofail

Govt to raise import duty on rice: Tofail

FE Report 2018-06-06 10:33:27

The government will reimpose 28 per cent import duty on rice in place of the existing 2.0 per cent to ensure that farmers get fair prices for the staple they produce. The new duty will come into effe...

Ministry to be more cautious in sending female workers abroad

Ministry to be more cautious in sending female workers abroad

Arafat Ara 2018-06-06 10:19:36

The expatriates' welfare ministry has initiated a move to be more cautious in selecting and sending female workers abroad to lessen workplace abuse. Under the process, a team of officials will interv...

Biman may suspend flights on four int’l routes during this Hajj

Biman may suspend flights on four int’l routes during this Hajj

FE Report 2018-06-06 09:41:23

The Biman Bangladesh Airlines (BBA) may suspend flight operation on four international routes during this Hajj season, a source said on Tuesday. The four international routes connect the country with...

Export earnings up 6.66pc in 11 months

Export earnings up 6.66pc in 11 months

FE Report 2018-06-06 09:36:17

The country's export earnings grew by 6.66 per cent to US$33.73 billion in the first eleven months of the current fiscal year over the corresponding period of last fiscal year. However, the aggregate...