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The Financial Express

Search results for: trade

Evaly receives e-Commerce Movers Award

Evaly receives e-Commerce Movers Award

FE Online Desk 2020-11-09 16:06:56

Ecommerce-based market place Evaly.com.bd has received the e-Commerce Movers Award (eCMA) for its food delivery service ‘efood’. On Sunday night, 100 e-commerce organisations and 12 indiv...

Samsung may launch Galaxy S phones early to grab Huawei share

Samsung may launch Galaxy S phones early to grab Huawei share

REUTERS 2020-11-09 12:58:34

Samsung Electronics Co Ltd may launch its flagship Galaxy S smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple Inc,...

Regulator fines Delta Life Insurance

Regulator fines Delta Life Insurance

FE REPORT 2020-11-09 10:43:15

The insurance regulator has fined one of the largest life insurers as it said the company has violated a section of the insurance law of 2010. The Insurance Development and Regulatory Authority (IDRA...

Boosting agro-processing critical for profitable farming: Minister

Boosting agro-processing critical for profitable farming: Minister

FE REPORT 2020-11-09 10:29:05

The government is laying emphasis on agro processing industries to boost commercial agriculture aiming to make farming profitable, agriculture minister Dr Muhammad Abdur Razzaque told a webinar on S...

Dhaka negotiating with Beijing for financing four mega projects

Dhaka negotiating with Beijing for financing four mega projects

MIR MOSTAFIZUR RAHAMAN 2020-11-09 10:20:27

Bangladesh is now in discussion with China for implementation of four new mega projects in the country with Chinese funding. These projects, involving several billion dollars, are considered very imp...

Bangladesh's imports from Asian countries rise 22pc

Bangladesh's imports from Asian countries rise 22pc

FE REPORT 2020-11-09 10:07:19

The country's imports from the member countries of Asian Clearing Union (ACU) increased by nearly 22 per cent in the September-October period of this calendar year, officials said. The amount of bi...

Mr Baker hiding sales info, evading tax, says VAT intelligence

Mr Baker hiding sales info, evading tax, says VAT intelligence

FE REPORT 2020-11-09 10:01:46

A revenue intelligence team has unearthed concealment of sales information worth Tk 2.65 billion and VAT (value added tax) evasion worth Tk 800 million by Mr Baker Cake and Pastry Shop Limited. The V...

‘500,000 people will get jobs in e-commerce sector in five years’

‘500,000 people will get jobs in e-commerce sector in five years’

-- 2020-11-08 23:25:31

State Minister for Information and Communication Technology (ICT) Junaid Ahmed Palak has said more than 500,000 people will get jobs in the country’s e-commerce sector in the next five years. &...

SWAP and OPPO sign exchange offer agreement

SWAP and OPPO sign exchange offer agreement

-- 2020-11-08 21:05:38

An exchange offer agreement was signed on November 03, 2020, between SWAP, the first-ever re-commerce brand of Bangladesh, and OPPO, a smartphone brand, says a press release.    Parvez Hoss...

Biden's trade policy will take aim at China, embrace allies

Biden's trade policy will take aim at China, embrace allies

Reuters 2020-11-08 20:13:34

US President-elect Joe Biden has pledged to work more closely with US allies in confronting China on trade and is seen as unlikely to roll back his predecessor's tariffs on imported steel, aluminium,...

‘ENE DAO’ starts journey to make online shopping easier

‘ENE DAO’ starts journey to make online shopping easier

FE ONLINE DESK 2020-11-08 15:20:57

Ene Dao, an on-demand online delivery service, has started its journey to meet the entire household requirements.  The start-up has been formed by few young entrepreneurs with an aim to provide...

Bangladesh to cultivate more biofortified crops

Bangladesh to cultivate more biofortified crops

FE REPORT 2020-11-08 10:12:05

Bangladesh has initiated to increase the production of bio-fortified crops aiming to reduce nutrient deficiencies of the people. Industries minister Nurul Majid Mahmud Humayun told a virtual global s...

Chattogram refinery project put on the back burner

Chattogram refinery project put on the back burner

M AZIZUR RAHMAN 2020-11-08 10:05:13

The government's indecision over the mode of selecting contractor is delaying the construction of the proposed 3.0 million tonne capacity refinery in Chattogram. State-run Bangladesh Petroleum...

Netflix complains of double taxation in Bangladesh

Netflix complains of double taxation in Bangladesh

DOULOT AKTER MALA 2020-11-08 09:52:10

Value Added tax (VAT) regime in Bangladesh has no route for the foreign companies without physical presence, causing difficulties for such firms to comply with the law, a global streaming giant has sa...

Higher freight jacks up prices for steel scrap in Bangladesh amid poor demand

Higher freight jacks up prices for steel scrap in Bangladesh amid poor demand

Fastmarkets 2020-11-07 17:55:03

Prices for steel scrap into Bangladesh continued to move up during the week to Thursday November 5 amid supply-side tightness and high freight costs, sources told Fastmarkets. But steel demand remain...

LAFL partners with Padakhep for SME financing

LAFL partners with Padakhep for SME financing

FE ONLINE DESK 2020-11-07 16:02:19

Lankan Alliance Finance Limited (LAFL), a subsidiary of Peoples’ Bank - the largest state owned bank of Sri Lanka, recently signed a loan agreement with Padakhep Manabik Unnayan Kendra (Padakhep...

Jamuna bank appoints new DMD

Jamuna bank appoints new DMD

FE Online Desk 2020-11-07 15:44:03

Mr Noor Mohammed was appointed as the Deputy Managing Director of Jamuna Bank Limited (JBL) on November 1, 2020. Prior to joining JBL, he worked for United Commercial Bank Limited as the Senior Execu...

US dollar bond to be converted into multi-currency ones to attract NRBs

US dollar bond to be converted into multi-currency ones to attract NRBs

REZAUL KARIM 2020-11-07 10:37:53

The government is considering converting the existing dollar bonds into multi-currency investment tools to attract more non-resident Bangladeshis (NRBs) to the state-run investment scheme, officials s...

Retaliation suggested for India's customs rules that may hurt Bangladesh exports

Retaliation suggested for India's customs rules that may hurt Bangladesh exports

SYFUL ISLAM 2020-11-07 09:38:19

A government agency has suggested retaliation by issuing similar harsh rules unless India agrees to withdraw its newly-enacted customs rules, which are likely to make it tough for Bangladesh to get ta...

WhatsApp rolls out payments service in India

WhatsApp rolls out payments service in India

Reuters 2020-11-06 10:46:39

Facebook Inc’s WhatsApp will start its payments service in India on Friday, the messaging app said in a blog post, after it received approval from the country’s leading payments processor...

Mini-tax fairs yet to pick up steam

Mini-tax fairs yet to pick up steam

FE Report 2020-11-06 10:07:17

The National Board of Revenue (NBR) is holding month-long mini-tax fairs in the field-level tax offices across the country to help taxpayers submit their tax returns without any hassle. All of the 31...

Nagad to be made postal subsidiary

Nagad to be made postal subsidiary

SIDDIQUE ISLAM 2020-11-06 09:47:25

The government has decided to convert the operations of Nagad into a subsidiary company instead of the existing joint-venture aiming to comply with mobile financial services rule and regulations prope...

E-payment of VAT likely from November 20

E-payment of VAT likely from November 20

FE REPORT 2020-11-06 09:41:54

The National Board of Revenue (NBR) is likely to introduce the electronic payment system of VAT from November 20, 2020. The VAT payers would then be able to pay the tax by using credit cards, debit c...

Bangladesh cable operators take Star Group channels off air

Bangladesh cable operators take Star Group channels off air

-- 2020-11-05 20:31:13

Bangladeshi cable operators have taken Star Group television channels off air after failing to resolve their dispute with pay channel provider Jadoo Vision Ltd. The Cable Operators Association of Ban...

Vistara launches flights to Dhaka amid pandemic

Vistara launches flights to Dhaka amid pandemic

-- 2020-11-05 18:35:20

Indian air carrier Vistara has launched its flight operations to Bangladesh under the air bubble agreement between the neighbouring amid the coronavirus pandemic. State Minister for Civil Aviation an...

Navana, Strategic Finance & Investments sign agreement

Navana, Strategic Finance & Investments sign agreement

FE Online Desk 2020-11-05 12:18:16

Navana Limited (the exclusive distributor of Toyota vehicles in Bangladesh) and Strategic Finance & Investments Limited (SFIL) have recently signed a Memorandum of Understanding (MoU). Under the...

Mobile money transaction volume rises to over Tk 1,500b in July-Sept

Mobile money transaction volume rises to over Tk 1,500b in July-Sept

SIDDIQUE ISLAM 2020-11-05 09:38:00

Transactions through mobile financial services (MFS) grew by over 26 per cent in the third quarter (Q3) of 2020, as general people, businessmen and the government agencies preferred to use digital ser...

BGMEA demands 10-year blocked account facility

BGMEA demands 10-year blocked account facility

MONIRA MUNNI 2020-11-05 09:37:38

The Bangladesh Garments Manufacturer and Exporter Association (BGMEA) has sought a 10-year moratorium on the outstanding loans of its members to help them ride out the corona crisis. The Associatio...

Nordic countries keen to invest more in Bangladesh

Nordic countries keen to invest more in Bangladesh

-- 2020-11-04 17:54:32

The Nordic countries are eyeing a stronger partnership with Bangladesh by making more investment here. The ambassadors of three Nordic countries – Denmark, Norway and Sweden – said this o...

Khulna city to get $160m ADB loan for sustainable sewerage system

Khulna city to get $160m ADB loan for sustainable sewerage system

FE Online Report 2020-11-04 16:37:13

The Asian Development Bank (ADB) will provide US$160 million loan to establish a modern and sustainable sewerage system in Khulna city.  To this effect, a loan agreement was signed between the E...