Search results for: Trade

VAT on edible oil import reduced to 5.0pc till June 30

-- 2022-03-16 21:13:45

The government has reduced the VAT on edible oil imports from 15.0 per cent to 5.0 per cent as part of market intervention to tame soaring prices of the essential item. The Internal Resources Divisio...

WTO welcomes Covid-19 vaccine patent waiver plan, drugmakers condemn

-- 2022-03-16 19:26:01

The World Trade Organization praised a provisional deal to waive patent rights for Covid-19 vaccines after more than a year of deadlock, although drugmakers said the move could undermine the industry'...

IEA offers a bleak picture of undersupply, uncertainty for oil market

-- 2022-03-16 18:26:00

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said o...

Wagely nets USD 8.3 million in oversubscribed pre-series A funding

-- 2022-03-16 13:10:54

Wagely, Asia’s one of the fastest-growing financial wellness platforms, has raised USD 8.3 million (BDT 71 crore) in an oversubscribed pre-series. The funding comes when the company is scaling...

Farmers need tech, policy support, say experts

FE REPORT 2022-03-16 10:29:19

Experts and stakeholders have stressed empowering and grooming the next-generation farmers with policy support and equipping them with advanced technology for the development of the agriculture sector...

Apparel makers want TCB special sales for workers

FE REPORT 2022-03-16 10:26:50

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Tuesday reiterated its demand for stable policy supports for at least five years - mainly to help attract investment and creat...

Most Japanese companies want bilateral FTA with Bangladesh

MUNIMA SULTANA 2022-03-16 10:12:31

Most local firms and the Japanese companies operating in various sectors in Bangladesh are in favour of signing a free trade agreement (FTA) between the two countries for maintaining competitiveness...

Recruiters call for abolition of syndicate system

FE REPORT 2022-03-16 10:02:44

Recruiters have expressed their dissatisfaction and deep concern over the 'syndicate-based' mechanism for sending manpower to Malaysia. They have demanded the abolition of such an unethical system an...

Government to go tough against hoarders

NAZIMUDDIN SHYAMOL 2022-03-16 09:56:02

CHATTOGRAM: The district administration has taken steps to control price hike of essentials during Ramadan, Deputy Commissioner (DC) Mohammed Mominur Rahman said on Tuesday. He said a committee has a...

Animal feed prices escalate in Bangladesh market

YASIR WARDAD 2022-03-16 08:55:04

Animal feed has inflated in weeks locally amid a jump in corn and soya meal cost globally, thus marking a substantial surge in cattle, poultry and fish prices. Beef, mutton, chicken, egg and cultured...

Edible oil import VAT to be cut but consumers yet to benefit from earlier tax waiver

FE REPORT 2022-03-16 08:49:01

The government now decides to lower value-added tax (VAT) on edible oils at import stage as part of market intervention to tame soaring prices of the essential item. Presently, there is 15-per cent V...

Tax refund delays disrupt companies' cash flow

FE REPORT 2022-03-16 08:45:32

Up-and-coming business bosses suggest the revenue board to offer tax benefit on the basis of research to pass on its real outcome to where it's really due. They pledged to contribute, if needed, to e...

Suspicious transactions surge in Bangladesh

FE REPORT 2022-03-16 08:44:12

Suspicious financial transactions and activities increased significantly in the last fiscal in Bangladesh, mainly as "fraudulent activities" in e-commerce and multi-level marketing (MLM) businesses sa...

BGMEA demands essential commodities at lower prices for garment workers

FE ONLINE REPORT 2022-03-15 21:51:15

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Tuesday urged the government for selling essential goods to the garment workers at lower prices for their relief from the skyrocke...

Romania urged to hire skilled workforce, invest in Bangladesh

-- 2022-03-15 19:13:46

Speakers at a dialogue on Tuesday said that establishing a diplomatic mission of Romania in Dhaka will foster bilateral trade and investment as well as exporting of skilled workforce from Bangladesh t...

MiB maps 3,723 RMG factories in Bangladesh

-- 2022-03-15 19:09:00

A five-year initiative called Mapped in Bangladesh (MiB) compiled and mapped export-oriented ready-made garment (RMG) factory data across Bangladesh using the factory census approach. It has mapped 3...

Bti’s THREE project builds houses with all modern amenities  

-- 2022-03-15 18:18:22

With housing demand skyrocketing along with purchasing power, it is no surprise that the demand for luxury homes is also at par with this trend. More and more people are choosing spacious and exclusiv...

Make your travel easier and safer with GoZayaan

Rassiq Aziz Kabir 2022-03-15 15:22:45

Mr Rafiqul Islam, currently working for a reputed national bank, doesn’t often get enough time to spend vacations with his family. Last December, after getting a long-awaited vacation, he made...

HC directs authorities to take legal action against hoarding of essentials

FE ONLINE REPORT 2022-03-15 14:14:52

The High Court on Tuesday directed the Ministry of Home Affairs to take appropriate legal action against all kinds of hoarding of essential commodities. The court also directed the authorities to sub...

TCB to sell essentials outside Dhaka city through family card from March 20

FE ONLINE REPORT 2022-03-15 13:03:23

TCB’s open market sale (OMS) programme of key essential items through family card is set to start simultaneously (1st phase) outside Dhaka city corporation from March 20, 2022. Trading Corporat...

MRT-6 extension project implementation being delayed

MUNIMA SULTANA 2022-03-15 10:15:31

Dhaka metro rail company is not getting cooperation from two government agencies causing a delay in starting the MRT-6 extension work up to Kamalapur Railway Station, sources said. They said the comp...

Commerce ministry seeks bank information on two dotcoms

FE REPORT 2022-03-15 10:10:24

The commerce ministry asks the central bank to supply banking details, including transactions of two e-commerce platforms-Dhamaka Shopping and Anonder Bazar-to facilitate payment to the cheated custom...

Ceramic makers urge government not to raise gas price

FE REPORT 2022-03-15 09:45:55

Local ceramic manufacturers on Monday urged the government not to raise gas price further, saying such a move would impact the industry badly. Bangladesh Ceramic Manufacturers and Exporters Associati...

CPA backtracks on imposing penalty

FE REPORT 2022-03-15 09:43:07

The Chittagong Port Authority (CPA) has backpedalled on its earlier decision to increase store rent fourfold for containers lying at the port yards for over 21 days. The higher rent was scheduled to...

EU reviewing BD labour rights, standards

FE REPORT 2022-03-15 08:25:40

A visiting European Union (EU) mission on Monday started reviewing the progress Bangladesh has so far made on human rights and labour standards. As part of the follow-up mission on EBA (Everything bu...

Local edible oil price hinges on international market, says Tipu Munshi

FE REPORT 2022-03-15 08:09:09

It cannot be said for sure when the edible oil price will come down in the local market as its price fluctuates depending on the international market on which the government has no control, said Comme...

Booming concrete block industry up to grab brick market

MIR MOSTAFIZUR RAHAMAN 2022-03-15 08:05:22

Concrete block-manufacturing industry finds a boom-time in Bangladesh to seize bulk of the Tk 90-billion brick market, as the new-generation building blocks are eco-friendly and cheaper. As the gover...

Qatar to continue supplying LNG to Bangladesh

-- 2022-03-14 22:30:19

Amid uncertainty over global energy supplies, Qatar said it will continue supplying liquefied natural gas (LNG) to Bangladesh, according to the Ministry of Foreign Affairs (MoFA), reports UNB.  ...

Authorised dealer banks can retain advance export proceeds for 30 days

-- 2022-03-14 21:25:23

Bangladesh Bank (BB) has allowed the authorised dealer banks to retain export proceeds received in advance in dollar for 30 days for settling payment for the materials imported by the exporters under...

Revenue board issues gazette notification waiving VAT on edible oil

-- 2022-03-14 21:01:17

The government has waived value-added tax (VAT) on all types of edible oil to curb the soaring prices of the essential commodity. The National Board of Revenue (NBR) issued a gazette notification on...