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The Financial Express

Search results for: Trade

Leather sector players seek cut in taxes, VAT

Leather sector players seek cut in taxes, VAT

FE REPORT 2022-02-16 10:34:30

The country's leather sector players on Tuesday urged the government to reduce related taxes and VAT so that it stays competitive in the global market during this tough time of Covid-19 pandemic. The...

No fees on credit cards before activation: Bangladesh Bank

No fees on credit cards before activation: Bangladesh Bank

FE REPORT 2022-02-16 10:23:04

The central Bank has instructed banks not to impose any charges or fees on the credit-card users before the activation of the same. In a circular, the Bangladesh Bank on Tuesday issued some other dir...

TCB plans 2-phase sales drive before Ramadan

TCB plans 2-phase sales drive before Ramadan

FE REPORT 2022-02-16 08:57:55

Amid soaring prices of essential items, the Trading Corporation of Bangladesh (TCB) will operate a sales drive across the country in two phases. The first phase will begin in the second week of next...

Rainwater can meet 60pc water demand of textiles, RMG units

Rainwater can meet 60pc water demand of textiles, RMG units

FE REPORT 2022-02-16 08:55:53

Textile and garment factories can meet up to 60-per cent demand for water by harvesting rainwater, according to a feasibility study. A factory needs to invest Tk 6.5 million to make a reservoir on it...

Chevron's hydrocarbon hunt zone in Bangladesh extended

Chevron's hydrocarbon hunt zone in Bangladesh extended

M AZIZUR RAHMAN 2022-02-16 08:45:08

American oil super-major Chevron gets the go-ahead to conduct hydrocarbon exploration in a 60-square-kilometer 'flank' area outside its existing contract zone, as Bangladesh needs fresh gas strike to...

Central bank creates special exit for NBFI loan defaulters

Central bank creates special exit for NBFI loan defaulters

SIDDIQUE ISLAM 2022-02-16 08:28:50

The central bank offers a special bailout to loan defaulters with non-banking financial institutions (NBFIs) through 'One Time Exit' by clearing all dues within one year, in the wake of bad-loan bui...

Women entrepreneurs groomed on SMM, SEO, marketing policy design

Women entrepreneurs groomed on SMM, SEO, marketing policy design

-- 2022-02-15 21:47:08

To help women entrepreneurs leverage the digital space to boost their business, Lightshore Foundation has organised a workshop on social media marketing in Barishal. Conducted in partnership with Man...

Central bank issues new regulations on mobile financial services

Central bank issues new regulations on mobile financial services

-- 2022-02-15 21:03:01

Bangladesh Bank has issued Bangladesh Mobile Financial Services (MFS), 2022 replacing the Bangladesh MFS Regulations, 2018 and its subsequent amendments. "As per Section 7A(e) and section 82 of the B...

Overlapping of Asycuda system with NSW project features detected

Overlapping of Asycuda system with NSW project features detected

DOULOT AKTER MALA 2022-02-15 11:32:14

A comparative study of the National Board of Revenue (NBR) found that the existing Asycuda World (AW) system already developed major connectivity features - planned for the Tk 5.85-billion National Si...

Train service on Chattogram-Mymensingh route launched

Train service on Chattogram-Mymensingh route launched

OUR CORRESPONDENT, CHATTOGRAM 2022-02-15 10:47:29

Bangladesh Railway (BR) on Monday introduced a new train service on Chattogram-Mymensingh route. A B M Fazle Karim Chowdhury, chairman of the Parliamentary Standing Committee on Railways Ministry, in...

Shipping of tourists to Chhera Dwip banned

Shipping of tourists to Chhera Dwip banned

OUR CORRESPONDENT, COX'S BAZAR 2022-02-15 10:32:29

The administration has banned shipping of tourists to Chhera Dwip. Speedboats, lifeboats and wooden boats have not been able to travel to the Dwip since Sunday due to the ban. Azharul Islam, Deputy D...

Bangladesh's farm subsidy swells to Tk 280b

Bangladesh's farm subsidy swells to Tk 280b

YASIR WARDAD 2022-02-15 08:42:13

The government won't increase fertiliser prices for now despite rocketing global prices of it and other agriculture inputs, in a costly tradeoff that pushes total farm subsidy to Tk 280 this fiscal....

Prize bond expires if not claimed within two years

Prize bond expires if not claimed within two years

-- 2022-02-14 19:48:43

Bangladesh government introduced prize bonds in 1974 to encourage people to save. The government usually borrows money from people by selling this bond which is issued by the Department of National S...

Commodity prices go up in Dhaka kitchen markets

Commodity prices go up in Dhaka kitchen markets

FE ONLINE REPORT 2022-02-14 13:32:15

Prices of loose soybean oil, broiler chicken, egg, and newly-harvested onion saw a hike in Dhaka city’s kitchen markets. Apart from these, salt, raisins and pistachios (Nut) prices also went up...

Ship breakers seek duty cut on import of scrap ships

Ship breakers seek duty cut on import of scrap ships

FE REPORT 2022-02-14 11:44:33

Ship breakers on Sunday urged the revenue authority to lower import duty on scrap ships by two-thirds to stabilise the prices of iron and steel products in the local market. They proposed to cut the...

Chinese nationals engaged in Padma bridge construction miss their biggest festival this year

Chinese nationals engaged in Padma bridge construction miss their biggest festival this year

MUNIMA SULTANA 2022-02-14 09:38:12

As the construction work of Padma Bridge gets momentum with a target to complete it by June next, majority of the Chinese nationals are not going home to join the celebration of Lunar New Year, China'...

Exports of paper products see robust growth

Exports of paper products see robust growth

SAIF UDDIN 2022-02-14 09:28:21

The country's export earnings from paper and paper products manufacturing sector made a hefty growth in July-January period of the current fiscal year indicating recovery of the sector from pandemic...

Bangladesh eyes $12b leather, leather goods export by 2030

Bangladesh eyes $12b leather, leather goods export by 2030

REZAUL KARIM 2022-02-14 09:23:07

The government is planning to boost the country's export of leather and leather goods to US$ 12 billion by 2030, officials said. The time for fulfilling the target has been fixed between 2021 and 203...

Energy experts suggest cutting costly LNG import, tapping gas, coal reserves

Energy experts suggest cutting costly LNG import, tapping gas, coal reserves

FE REPORT 2022-02-14 09:19:38

Ensuring diversified sources of energy instead of increasing dependence on only particular ones is imperative to keep the economy rolling, eminent experts say, as the government banks on LNG import to...

Public hearing on gas price hike to begin on March 21

Public hearing on gas price hike to begin on March 21

FE REPORT 2022-02-14 09:05:44

A four-day public hearing on proposed steep raise in gas tariffs starts on March 21 as the energy regulator allegedly overlooks protests from businesspeople and rights groups. The Bangladesh Energy R...

America's avocado blow caps tough week for Mexican president

America's avocado blow caps tough week for Mexican president

-- 2022-02-14 09:00:20

A US decision to suspend avocado shipments from a violent Mexican state sealed a challenging week for President Andres Manuel Lopez Obrador, whose approval rating suffered an unusual dip in a tracking...

CPD calls for exploring new gas fields to ease natural gas crisis

CPD calls for exploring new gas fields to ease natural gas crisis

FE ONLINE REPORT 2022-02-13 19:53:38

The deepening natural gas crisis and the dependency on imported Liquefied Natural Gas (LNG) for power and industries are the results of reluctance to explore new gas fields, academics and sector exper...

South Sudan’s two ministers visit Walton factory to explore trade potential

South Sudan’s two ministers visit Walton factory to explore trade potential

FE ONLINE DESK 2022-02-13 12:01:22

A seven-member delegation of South Sudan, including two deputy ministers, visited the Bangladeshi electronics giant Walton factory at Chandra in Gazipur on Thursday to explore trade and business oppor...

India's ONGC Videsh to resume gas exploration in Bay of Bengal

India's ONGC Videsh to resume gas exploration in Bay of Bengal

M AZIZUR RAHMAN 2022-02-13 09:33:18

India's oil and gas exploration firm ONGC Videsh Ltd will continue the exploration job in shallow water in the Bay of Bengal, as the 'logging tools' that got stuck during offshore drilling at Kancha...

Railway project in Cox's Bazar to be delayed by two more years

Railway project in Cox's Bazar to be delayed by two more years

FHM HUMAYAN KABIR 2022-02-13 09:30:20

The much-awaited fast-track Dohazari-Cox's Bazar-Ghundum railway project is set to be delayed by two more years as Bangladesh Railway (BR) has sought time extension up to June 2024, officials said on...

Cottage, micro, small and medium enterprises not yet defined

Cottage, micro, small and medium enterprises not yet defined

-- 2022-02-13 09:28:38

Borrowing from the formal banking channel has been difficult for small enterprises for unclear definition, lack of required documents and deficient bank-client relationship, speakers told a programme...

Metro rail fare: Authorities still don't know how to fix it with subsidy

Metro rail fare: Authorities still don't know how to fix it with subsidy

MUNIMA SULTANA 2022-02-13 09:25:42

The government is facing a dilemma over fixing the metro rail fare due to lack of necessary policy and mechanism to assess it with subsidy. The authorities concerned were, however, considering two po...

Customs authority sets indicators to detect abuse of bonded warehouse facility

Customs authority sets indicators to detect abuse of bonded warehouse facility

DOULOT AKTER MALA 2022-02-13 09:23:57

The customs authority has put in place a set of indicators to help detect abuse of duty-free facilities under the bonded warehouse scheme. While setting the indicators, the authority has taken into c...

NY City's 'oldest chocolate factory' ramps up ahead of Valentine's Day

NY City's 'oldest chocolate factory' ramps up ahead of Valentine's Day

-- 2022-02-13 09:01:54

Dripping chocolate covered homemade, heart-shaped marshmallows at Li-Lac Chocolates' 9000-square-foot production space in New York City, as the chocolate factory ramped up production in time for Valen...

Companies Act needs amendment to make it time-befitting, says commerce secretary

Companies Act needs amendment to make it time-befitting, says commerce secretary

-- 2022-02-12 22:07:34

Commerce Ministry’s Senior Secretary Tapan Kanti Ghosh today said that the country’s Companies Act needs to be amended and modernised in line with the global perspective for sustainable fi...