Search results for: Trade

Commodity prices go up in Dhaka’s kitchen markets

FE ONLINE REPORT 2022-02-25 15:43:03

Prices of sugar, layer chicken, egg, and Pakistani and Sonali chicken saw a hike in Dhaka city’s kitchen markets at the weekend. Apart from these, prices of green chili per kg also went up by T...

Airline industry shifts attention to war in Ukraine

-- 2022-02-25 12:29:12

Alaska's Anchorage Airport said airlines have started making inquiries about capacity in case routes over Russia are impacted due to the Ukraine crisis, in a sign of the conflict's growing fallout for...

Physically-challenged 'Uddokta' redefines success

FE REPORT 2022-02-25 12:15:57

Jalal Uddin, once a hardworking and ambitious man, is now a 'physically challenged person, a victim of a tragic road mishap. But he did not lose his hope for life, instead, he started a small shop in...

Plastic manufacturers demand VAT exemption for importing machineries

FE REPORT 2022-02-25 11:19:08

The country's plastic goods manufacturers have sought a waiver of import duty, VAT and supplementary duty on imported machinery and spare parts for the plastic industry. To this effect, they sugges...

Garment accessories makers seek renewal of licences once in every 3 years

FE REPORT 2022-02-25 11:16:46

The country's garment accessories makers urged the government to allow renewal of various licences once in every three years, in order to help the industry save both time and money.At present, the bus...

The new US export rules intended to freeze Russian tech

-- 2022-02-25 11:09:46

The United States on Thursday restricted exports to Russia of a broad set of US-made products as well as foreign-produced goods built with US technology, following the invasion of Ukraine, Reuters rep...

Queues for buying essentials at subsidised rates getting longer

FE REPORT 2022-02-25 10:12:19

A huge rush of people to buy essential items at subsidised rates from the Trading Corporation of Bangladesh (TCB)-operated trucks was observed in different parts of the capital city on Thursday, lik...

Jewellers demand cutting VAT on gold, silver to 2.0pc

FE REPORT 2022-02-25 09:11:20

Bangladesh Jewellers Samity (BAJUS) on Thursday proposed cuts in value-added tax (VAT) on gold and silver ornaments from existing 5.0 per cent to 2.0 per cent. The association also urged the govern...

Payment of apparel subcontracting bills in foreign currencies being probed

DOULOT AKTER MALA 2022-02-25 09:07:12

Government's revenue authority moves to look into some key factors like payment of subcontracting bills in foreign currencies over apparel exporters' plea for VAT waiver. The value-added tax (VAT)...

Banks asked to submit recovery plans every year

FE REPORT 2022-02-25 08:22:44

The central bank asks banks to submit their recovery plans, with prior approval from their respective boards of directors, in a test of their strengths and witnesses so that any downside risk can be...

Oil rips past $100 following Russia's Ukraine invasion

-- 2022-02-24 23:31:44

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped globally and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasi...

National Vegetable Fair starts on February 28 to promote safe vegetable production

FE ONLINE REPORT 2022-02-24 20:52:55

The National Vegetable Fair 2022 will kick off on February 28 aiming to ensure safe vegetable production for sound health. ‘Producing safe vegetables to ensure good health and nutrition around...

Government to buy 1.8m tonnes of grain in Boro season

FE ONLINE REPORT 2022-02-24 17:05:20

The government will buy 1.8 million tonnes of rice and paddy in the upcoming Boro harvesting season starting from April 28. A total of 1.1 million tonnes of parboiled rice will be bought at Tk 40 a k...

Apex trade body demands cell for supporting herbal, unani medicines

FE REPORT 2022-02-24 11:59:33

The country's apex trade body on Wednesday proposed that the government form a separate cell under the drug administration for the development of herbal and unani medicine sector. The call was made...

FBCCI urges Canada's cooperation in technical education

FE REPORT 2022-02-24 10:59:23

The country's apex trade body has sought Canada's cooperation in technical education to fulfil job skills requirements for the fourth industrial revolution (4IR). Leaders of the Federation of Bangl...

Jute millers demand source tax waiver on subsidy

FE REPORT 2022-02-24 10:10:04

The country's private jute millers demanded waiver of source tax on export subsidy in the national budget for the upcoming fiscal year (FY), 2022-23. Currently, 10 per cent source tax is imposed on c...

EU urged to continue trade benefits for 12 years after Bangladesh's graduation

-- 2022-02-24 09:28:50

The apparel apex body BGMEA urged the European Union to continue the existing trade benefits for 12 years after Bangladesh’s graduation in 2026 from the least-developed country (LDC) status. It...

Minister slams mobile operators for inconsistencies in data packages

FE REPORT 2022-02-24 09:19:46

Posts and Telecommunications Minister Mustafa Jabbar on Wednesday heavily criticised the inconsistencies in data packages, particularly fixing the time limit, offered by the mobile-phone operators. "...

Bangladeshi steelmakers want tax cut

FE REPORT 2022-02-24 08:42:58

The government plans to introduce universal pension scheme within next six months to one year with the avowed aim of ensuring a secure life for elders, especially after retirement at 60. Citizens age...

Tk 5.60b stuck up in payment gateways, says new ecommerce report

REZAUL KARIM 2022-02-24 08:07:06

The volume of customers' stuck-up funds with 25 e-commerce platforms would be around Tk 5.60 billion, a latest central bank report has revealed, which is much higher than the previous estimate of Tk...

Central bank relaxes credit rating system again

-- 2022-02-23 21:50:31

The Bangladesh Bank has relaxed again banks’ Internal Credit Risk Rating System (ICRRS) considering the impact of the Covid-19 pandemic on the economic activities. As a result, the businesses w...

World's first octopus farm stirs ethical debate

-- 2022-02-23 19:33:58

Spurred on by soaring demand for seafood, a Spanish company plans to open the first commercial octopus farm next year but as scientists discover more about the enigmatic animals some warn it could be...

As sanctions start, Russia's trade flow shift towards China

-- 2022-02-23 13:56:07

The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying key Russian financial institutions and companies access to US doll...

Hospitality industry seeks exemption from VAT, duty

FE REPORT 2022-02-23 10:04:27

Hospitality industry entrepreneurs have demanded VAT and duty exemption on their services, in a bid to recover from pandemic induced losses and help flourish the sector further. They say tax bene...

How Biden could cut Russia off from world tech

-- 2022-02-23 09:55:05

If Russia further invades Ukraine, the Biden administration could deprive it of a vast swath of low- and high-tech US and foreign-made goods, from commercial electronics and computers to semiconductor...

US hits Russian banks with new Western sanctions over Ukraine crisis

-- 2022-02-23 09:49:41

US President Joe Biden provides an update on Russia and Ukraine during remarks in the East Room of the White House in Washington, US, February 22, 2022 — Reuters/Files US President Joe Biden an...

Western sanctions on banks barely scratch surface of Fortress Russia

-- 2022-02-23 09:42:31

The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow's recognition of two separatist regions in Ukraine as independent entities, Reuters repo...

Government’s interest in bus rapid transit waning

MUNIMA SULTANA 2022-02-23 09:27:12

The government is gradually getting less interested in developing bus rapid transit (BRT) lines due to the bitter experience it was facing while trying to develop the first bus-based mass transit li...

Bangladesh govt starts market monitoring to check artificial price-hike

FE REPORT 2022-02-23 09:24:07

The government is set to introduce mobile courts with strengthened capacity in the city today (Wednesday) to prevent artificial price hike of essential items. It will deploy 10 teams - four from th...

Russia-Ukraine crisis: Global markets tumble, crude oil surges

-- 2022-02-22 23:04:10

Escalating tensions between global crop heavyweights Russia and Ukraine are likely to force wheat, corn and sunflower oil buyers to seek alternative shipments, driving up world food prices already nea...