Search results for: Trade

Prohibitive taxing stymies green power expansion

FE REPORT 2022-03-12 08:22:11

Expansion of the nascent renewable-energy sector is stymied by a prohibitive 37-per cent duty and taxes levied on import of solar inverters, stakeholders say, thus hindering the much-hyped green opt...

Cluster land valuation stalls, causing revenue loss

JUBAIR HASAN 2022-03-12 08:19:36

Untaxed money makes the most while the exchequer loses huge revenue as a major government move to introduce cluster-based market value revision of land stalls, officials say. The halt also leaves peo...

Biman to start Dhaka-Toronto direct flights from Mar 26

-- 2022-03-11 17:04:04

Biman Bangladesh Airlines will start operating direct flights from Dhaka to Toronto from Mar 26, the nation’s Independence Day. State Minister for Civil Aviation and Tourism Mahbub Ali said tha...

Cooking oil prices decline by at least Tk 15 in Dhaka

-- 2022-03-11 16:25:31

Cooking oil prices have declined by at least Tk 15 in Dhaka after the government threatened to crack down on any rogue trader found to be manipulating the daily commodity market. However, the prices...

ADN Group celebrates International Women's Day

FE ONLINE DESK 2022-03-11 14:17:10

ADN Group celebrated ‘International Women's Day 2022’ at its office on Tuesday. The company’s chairman Asif Mahmood, vice chairmen Zahir Ahmed and Shahriar Akbar Chowdhury along wit...

E-com platforms selling illegal skin lighteners in Bangladesh

FE REPORT 2022-03-11 09:59:46

Global and local e-commerce portals are allegedly selling here skin-lightening products (SLPs) with a high level of mercury, disclosed a study on Thursday. Some 271 online products, including skin it...

Experts for making housing a growth engine

FE REPORT 2022-03-11 09:37:18

Speakers at a dialogue suggested that housing be declared as a thrust sector to make it an engine of growth to ensure affordable housing for all, especially for lower-income groups. Both private and...

Bancassurance: Finance ministry wants BB, IDRA to expedite framing policy

JASIM UDDIN HAROON 2022-03-11 09:27:12

The Financial Institutions Division (FID) has urged the regulators of banking and insurance companies to expedite formulating bancassurance guidelines as it wants to introduce the business model in th...

Banks' capital base weakens for NPL buildup

FE REPORT 2022-03-11 08:16:25

The capital base of banks in Bangladesh weakened in 2021 mainly for buildup of classified loans, officials say, as backup monetary measures work little. Latest statistics available with Bangladesh Ba...

Experts suggest fuel tax cut amid rising world oil prices

-- 2022-03-10 19:27:02

Bangladesh Petroleum Corporation (BPC) is now incurring a loss of Tk 630 million per day as the state-run company sells its imported products at rates lower than import cost. According to fuel market...

E-commerce platforms selling skin lightening products with high level of mercury

FE ONLINE REPORT  2022-03-10 19:16:45

Global and local e-commerce platforms are allegedly selling skin lightening products (SLPs) containing high level of mercury despite legal provisions, said a study findings on Thursday. The findings...

Government lifts VAT on imports of cooking oil, sugar ahead of Ramadan

-- 2022-03-10 14:52:07

The government will lift VAT on imports of cooking oil, sugar and gram in an effort to lower market prices ahead of Ramadan, says Finance Minister AHM Mustafa Kamal. “We are lifting the VAT o...

Chattogram VAT zone honours eight women officials

FE REPORT 2022-03-10 08:48:17

Customs, Excise and VAT Commissionerate, Chattogram awarded eight of its women officials for their outstanding performances in collection of value-added tax (VAT). They are: Deputy commissioners Fate...

Bangladesh RMG exports to US soar 45.53pc in January

FE REPORT 2022-03-10 08:46:59

The country's apparel exports to the US maintained a hefty growth - both in terms of value and volume - during the first month of current calendar year. The US imported ready-made garment (RMG) items...

DCCI places 40-point budget proposal

FE REPORT 2022-03-10 08:37:17

Deep tax cutbacks and raising income-tax ceiling for individual taxpayers from Tk 300,000 to Tk 400,000 considering high inflation and cost of living top budget proposals Dhaka Chamber of Commerce and...

Revenue board to cut VAT on edible oil

FE REPORT 2022-03-10 08:32:03

The revenue board is set to revise downward the VAT on edible oil, in a bid to rein in its skyrocketing price in the local market. Currently, VAT is payable at three stages on edible oil import, prod...

Bangladeshi banks urged to invest more in capital market

FE REPORT 2022-03-10 08:29:05

The securities regulator on Wednesday urged all banks to make fresh investment within their existing scope to support the ailing stock market. The Bangladesh Securities and Exchange Commission (BSEC)...

Most banks fail to reach stimulus money to smaller enterprises

SIDDIQUE ISLAM 2022-03-10 08:26:50

Most banks miss out on loan-disbursement target under the second-phase stimulus package for helping out cottage, micro, small and medium enterprises (CMSMEs), belying a drive by the central bank. Ind...

NBR may withdraw VAT on edible oil imports

-- 2022-03-09 22:10:57

A member of the National Board of Revenue (NBR) has said they have initiated a process to withdraw the existing value-added tax (VAT) on the imports of edible oils to curb the increasing trend of the...

Mobile telecom operators demand corporate tax cut in next budget

-- 2022-03-09 20:48:42

The Association of Mobile Telecom Operators of Bangladesh (AMTOB) has urged the government to make the corporate tax rate for the mobile operator companies at 25 per cent in the upcoming national budg...

AB Bank reappoints Tarique Afzal as its managing director

FE ONLINE DESK 2022-03-09 19:54:51

AB Bank has recently reappointed Mr Tarique Afzal as the president and managing director of the bank for a second term. He took over as the president and managing director on July 8, 2019, and his re...

Indonesia tightens curbs on palm oil exports as global food crisis escalates

-- 2022-03-09 19:31:11

A global food crisis sparked by Russia's invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to kee...

Wood Tech Solution excels in furniture industry

FE ONLINE DESK 2022-03-09 18:38:43

Md Naimul Hossain Khan is a Bangladeshi entrepreneur in the woodworking industry. For the past two decades, he has played a vital role in developing this industry. Starting work in 1999, he train...

Oil falls towards $125 a barrel as investors assess US import ban

-- 2022-03-09 18:04:25

Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the US ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians...

Bangladesh signs four MoUs with UAE to boost ties

-- 2022-03-09 11:11:03

Bangladesh has signed four memoranda of understanding (MoU) with the United Arab Emirates in a bid to enhance cooperation in several fields, including education and research. The deals were signed...

McDonald’s, Coca-Cola and Starbucks suspend sales in Russia

-- 2022-03-09 11:06:00

Consumer giants including McDonald's, Coca-Cola and Starbucks have joined the list of firms halting business in Russia due to the invasion in Ukraine. McDonald's said it was temporarily c...

Bangladesh faces FTA challenges from both developing, developed nations

SYFUL ISLAM 2022-03-09 09:06:41

Bangladesh sees formidable challenges in negotiating free-trade agreements with both developing and developed nations that warrant major policy decisions and reforms before the kickoff, sources say....

Bangladesh's huge trade gap entails record current-account deficit

SIDDIQUE ISLAM 2022-03-09 08:56:15

Bangladesh's overall trade deficit crossed US$18-billion mark in the first seven months of the current fiscal year, burning a gaping hole in the country's current-account coffer. Deficits in both the...

Russia's invasion of Ukraine ramps up price of metals used in cars

-- 2022-03-08 19:04:04

Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries,...

Shell apologises for buying Russian crude oil

-- 2022-03-08 17:44:57

British publicly traded multinational oil and gas company Shell on Tuesday apologised for buying Russian crude oil last week and said it would withdraw completely from any involvement in Russian hydro...