Search results for: Trade

Funding Bangladesh's development projects on backburner as China delays loan confirmation

FHM HUMAYAN KABIR 2022-02-20 08:29:45

Bangladesh is in long wait for confirmation of funding for at least five projects as China has yet to firm up the assured loans, sources said Saturday about a stalemate on the Beijing credit line. Dh...

Trade body demands abolition of couriers' compensation fees

FE REPORT 2022-02-19 10:18:19

Courier operators seek abolition of what they call absurd compensation fee against each booked parcel from the Mailing Operator and Courier Service Rules-2013. The Courier Service Association of Bang...

Bangladesh delegation leaves for Australia to attend TIFA meet

FE REPORT 2022-02-19 10:04:13

A government delegation will leave Dhaka for Australia tonight (Saturday night) to attend the maiden meeting of the joint working group (JWG) on trade and investment under the Bangladesh-Australia Tra...

Unpacked soybean price surges to Tk 165 a litre

YASIR WARDAD 2022-02-19 09:39:21

Loose palm and soybean oil prices shot up to Tk 150 and Tk 165 a litre respectively, as the refiners could not follow even their own proposal on fixing these prices, said insiders. On February 06,...

Bangladesh's hope to tame oil prices pinned on higher crop, use of technology

JASIM UDDIN HAROON 2022-02-19 09:11:53

A national seed-producing agency now gears up to increase edible oil-crop production and exploit technology as Bangladesh's import-dependence is capitalised to jack up prices of cooking oils. The B...

Skills Development Authority to offer more services through portal

SAIF UDDIN 2022-02-19 08:41:40

The National Skills Development Authority (NSDA) is set to integrate many of its services, ranging from registration to certification of skills, into a web portal to facilitate the services. The we...

Potato export to be increased for ensuring better price, commerce minister

-- 2022-02-18 18:43:44

Commerce Minister Tipu Munshi on Friday said potato export will be increased to ensure that the country’s farmers get a better price. “Enough potatoes are produced in the country. An init...

617 hilly, riverine, isolated unions being covered by high-speed internet: Officials

FE ONLINE REPORT 2022-02-18 14:25:38

Schools, colleges, madrasas, growth centres and telecom operators in the country’s remote areas will be provided with network connections under an ongoing project. "Connected Bangladesh" projec...

E-commerce sites operated by Tencent, Alibaba added to US government's 'notorious markets' list

-- 2022-02-18 11:28:30

E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were included on the US government's latest "notorious markets" list, the US Trade Representative's office said...

Garment makers want waiver of VAT on subcontracting

FE REPORT 2022-02-18 11:07:42

Government's revenue authority assures consideration as Bangladesh's main export industry presses various budgetary demands, including exempting garment subcontracting units from VAT and resolving t...

Rajuk urged to repair roads connecting to BGMEA headquarters

FE REPORT 2022-02-18 10:27:28

The apparel manufacturers' trade body- BGMEA - on Thursday urged Rajdhani Unnayan Kartripakkha (Rajuk) to immediately repair the nearby rundown roads of the BGMEA Complex in Uttara of the city to fa...

Deep Sea Port construction work resumes

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-02-18 10:03:10

Construction work of the Deep Sea Port in Matarbari area of Cox's Bazar district is going on in full gear now after a halt due to coronavirus outbreak and the subsequent lockdown. An official havin...

Onion price up by 50pc amid price-hike of most essentials

YASIR WARDAD 2022-02-18 08:51:14

Onion prices showed a tectonic hike last week, further augmenting woes of consumers who already suffer skyrocketing trend of commodities like rice, edible oil, fish, poultry birds, egg and meat. Loca...

Dual compensation package for landowners introduced in new power tower policy

DOULOT AKTER MALA 2022-02-18 08:49:32

Pay for land and crops both if to construct power tower, an updated government policy says about compensation to the landowner concerned. The government has amended the Power Rules 2020 to specify th...

Banks required to submit daily foreign currency monitoring reports to BB

SIDDIQUE ISLAM 2022-02-18 08:31:04

The regulator brings operations of banks' offshore banking units (OBU) under its close watch following a steep rise in demand for foreign-currency loans, particularly in private sector. As part of th...

BGMEA seeks existing tax facility for five more years  

-- 2022-02-17 21:23:36

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has proposed retaining the existing source tax and corporate tax facility in the export- oriented garment industry for another five y...

Bangladeshi freelancers struggle to win more rewarding outsourcing jobs

SM NAJMUS SAKIB 2022-02-17 13:37:58

A growing number of Bangladeshi youths are joining online marketplaces but receiving lower payment as they can hardly match technical and language skills required for highly paid jobs worldwide, these...

Bangladesh, Australia working to emerge as key trade partners

FE ONLINE REPORT   2022-02-17 12:05:34

Bangladesh and Australia are confident they can realise their immense potentials so as to emerge as key trade partners. They expressed the confidence as Bangladesh High Commissioner Sufiur Rahman met...

Bangladesh government yet to fix MRT fare

MUNIMA SULTANA 2022-02-17 10:36:02

The second meeting of the special committee to fix metro-rail fares ended inconclusively on Wednesday as it found lack of adequate information necessary to determine the same. Held after more than a...

No rice price hike during Ramadan, predicts food secretary

FE REPORT 2022-02-17 10:26:14

Food Secretary Dr Mosammat Nazmanara Khanum on Wednesday assured that the prices of rice would not increase during the upcoming holy month of Ramadan. She gave the assurance while talking to report...

UK firm offers bio-fuel locomotives for Bangladesh Railway

FE REPORT 2022-02-17 10:22:16

A UK-based green-technology firm has proposed the Bangladesh Railway (BR) to facilitate conversion of its diesel-run locomotives into bio-fuel-run ones using British patent dual-fuel technology. Repr...

Make in Bangladesh, sell worldwide, say joint chambers seeking 10-year tax holiday

FE REPORT 2022-02-17 09:00:20

A 10-year tax holiday is sought for companies making cent-percent foreign direct investment (FDI) in mobile-phone manufacturing and backward- linkage industries to bag a beckoning trade boon. The p...

e-CAB calls for lifting minimum turnover tax

FE REPORT 2022-02-17 08:50:55

The country's e-commerce operators urged the government on Wednesday to withdraw minimum tax on turnover, revise rate of tax deducted at source (TDS), and review bar on their promotional expenses, a...

Call for easing housing finance

FE REPORT 2022-02-17 08:38:21

Speakers at a roundtable on Wednesday emphasised reasonable mortgage, small and easy housing finance, development of bond and capital markets for home financing, targeted subsidies, planned urbanisati...

Unilever begins retailing products of other brands

MIR MOSTAFIZUR RAHAMAN 2022-02-17 08:31:59

Fast-moving consumer goods (FMCG) giant Unilever Bangladesh opts for distributing products of other brands to retailers, in a maiden strategic business shift. The multinational company plans to gen...

Alesha Mart starts refunding customers

FE REPORT 2022-02-17 08:30:31

Crisis-ridden e-commerce portal Alesha Mart starts today (Thursday) the refunding of its customers from the money that got stuck with the SSL Payment gateway. As part of the move, a meeting on refund...

HSBC launches first SLP-based financing in Bangladesh

FE ONLINE DESK 2022-02-16 19:01:49

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh recently introduced the country’s first Social Loan Principles (SLP)-based financing for Thengamara Mohila Sabuj Sangha (TMSS),...

G-volution keen to convert Bangladesh’s diesel-based locomotives into bio-fuel-based ones

FE ONLINE REPORT 2022-02-16 16:10:56

UK-based green technology company G-Volution has expressed interest to facilitate the conversion of Bangladesh’s diesel-based locomotives into bio-fuel-based ones. G-Volution and its global par...

GoZayaan acquires Pakistan’s FindMyAdventure

FE ONLINE DESK 2022-02-16 14:51:27

GoZayaan, a Bangladeshi digital travel solution platform, has acquired Pakistani company FindMyAdventure, becoming the first travel-tech platform to acquire a company beyond its borders. For this acq...

Apparel makers want existing tax rates for next five years

FE REPORT 2022-02-16 10:54:46

The country's apparel makers have demanded continuation of existing rates of source and corporate taxes at least for the next five years to help the industry cope with the emerging challenges, includi...