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The Financial Express

Search results for: Trade

FBCCI demands corporate tax cut in backward linkage industry

FBCCI demands corporate tax cut in backward linkage industry

-- 2022-02-10 19:01:41

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has demanded a reduction of corporate tax in the backward linkage industries to help their growth. Businesses have demanded a co...

BGMEA teams up with GIZ, Particip to strengthen capacity of factory participation

BGMEA teams up with GIZ, Particip to strengthen capacity of factory participation

FE ONLINE REPORT 2022-02-10 18:02:22

Bangladesh Garment Manufacturers and Exporters Association (BGMEA), German international cooperation enterprise  (GIZ)  and  the  Particip  GmbH  (Particip) on Thursday t...

Bangladeshi entities win 21 awards in SAFA

Bangladeshi entities win 21 awards in SAFA

FE REPORT 2022-02-10 10:34:20

Bangladeshi entities have received the highest number of awards in SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards, Integrated Reporting Awards & SAARC Anniversary...

Involvement of bureaucrats in monitoring projects irks engineers

Involvement of bureaucrats in monitoring projects irks engineers

FE REPORT 2022-02-10 10:28:47

The government's decision to allow deputy commissioners (DCs) to monitor and evaluate all ongoing development projects has sparked sharp reaction among engineers who sees it would create complexity in...

Dhamaka, SSL asked to submit clients' list

Dhamaka, SSL asked to submit clients' list

FE REPORT 2022-02-10 10:05:34

The government has decided to ask e-commerce platform Dhamaka and its payment gateway SSL to submit a detailed list of affected customers including respective observations within seven days, officials...

Reform can enhance Bangladesh's foreign trade 50pc, end smuggling: ADB

Reform can enhance Bangladesh's foreign trade 50pc, end smuggling: ADB

FHM HUMAYAN KABIR 2022-02-10 09:46:22

The Asian Development Bank foresees a pickup in the country's foreign trade as it offers financial aid for bolstering Bangladesh's nine land ports through refurbishing and removing cumbersome custom...

Call for sticking to 'growth pattern with efforts to go green'

Call for sticking to 'growth pattern with efforts to go green'

FE REPORT 2022-02-10 09:42:51

Speakers at a discussion underscore the need for continuing economic growth pattern alongside engaging higher efforts to be green, keeping in mind the impacts of climate change. They also discuss all...

Megaprojects relieved of hard rules for resend of machinery

Megaprojects relieved of hard rules for resend of machinery

DOULOT AKTER MALA 2022-02-10 09:39:13

The customs issues a fresh set of rules for a resend of machinery on temporary importation, after 38 years, to facilitate carefree implementation of megaprojects. Implementing authorities of differen...

Foreign investors suggest tracking bank accounts with eTINs

Foreign investors suggest tracking bank accounts with eTINs

FE REPORT 2022-02-10 09:30:42

Foreign investors on Wednesday recommended introducing an eTIN-based tracking system of bank accounts to prevent evasion and increase tax collection. The idea is that the central bank will put in pla...

Metropolitan chamber demands lowering of effective corporate tax rates

Metropolitan chamber demands lowering of effective corporate tax rates

FE REPORT 2022-02-10 09:28:25

An elite chamber urges the government to restructure Bangladesh's corporate income tax as businesses are denied benefits of rate cuts through excessive "disallowance of expense" and "tax deducted at s...

BGMEA asks NBR to streamline business procedures

BGMEA asks NBR to streamline business procedures

-- 2022-02-09 19:25:01

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the National Board of Revenue (NBR) to remove customs and bond-related impediments and streamline all procedures to facilitate...

Vietnam carmaker shuns combustion engine, goes all-electric

Vietnam carmaker shuns combustion engine, goes all-electric

-- 2022-02-09 16:08:35

Vietnam’s Tesla wannabe is speeding up. Carmaker Vinfast will stop making internal combustion engine models by the end of 2022 and aims to sell overseas as it goes all-electric. Its ambition to...

Nine Bangladesh companies take part in Texworld Paris

Nine Bangladesh companies take part in Texworld Paris

FE REPORT 2022-02-09 09:46:41

Nine local textile, garment and leather companies are getting overwhelming response to their products at the international textile sourcing event that began in Paris on Monday after two years of the p...

Heritage handloom festival 2022 begins today

Heritage handloom festival 2022 begins today

FE REPORT 2022-02-09 09:37:15

A four-day Heritage Handloom Festival 2022 begins today (Wednesday) at the city's Gulshan Shooting Club, aiming to promote the country's traditional items. The event is expected to create greater int...

Two more entities get go-ahead for trial production of vannamei shrimp

Two more entities get go-ahead for trial production of vannamei shrimp

ARAFAT ARA 2022-02-09 09:30:36

The government has allowed two more entities to cultivate vannamei shrimp on a pilot basis to assess its prospects in Bangladesh. If satisfactory, it will allow them to go for commercial production,...

Innovation key to tackle future RMG challenges

Innovation key to tackle future RMG challenges

FE REPORT 2022-02-09 09:29:13

Speakers at a virtual discussion have pressed for redefining the business model, upgrading business capabilities and embracing innovation to address future challenges of the RMG industry, especially a...

Bangladesh wants India no more impose anti-dumping duty

Bangladesh wants India no more impose anti-dumping duty

REZAUL KARIM 2022-02-09 09:08:13

Dhaka will request New Delhi not to further continue anti-dumping duty on hydrogen peroxide as it was not being exported to the Indian market at dumped prices. Hydrogen peroxide is a textile chemical...

Even government entities press for tax exemption, says NBR Chairman  

Even government entities press for tax exemption, says NBR Chairman  

-- 2022-02-08 21:06:11

Chairman of National Revenue Board (NBR) Abu Hena Md Rahmatul Muneem on Tuesday said lack of self-motivation to pay tax exists in the country and even government entities are seeking tax exemption. H...

Nine Bangladeshi companies join apparel sourcing fair in Paris

Nine Bangladeshi companies join apparel sourcing fair in Paris

FE ONLINE REPORT 2022-02-08 19:51:34

Nine Bangladeshi textile, garment and leather companies are participating in a three-day-long fair on fashion sourcing in Paris. The fair, titled ‘The Texworld/Apparel Sourcing/Leatherworld Par...

Korea keen to develop close ties with Chattogram

Korea keen to develop close ties with Chattogram

-- 2022-02-08 15:54:40

South Korean Ambassador to Bangladesh Lee Jang-keun has expressed his willingness to engage with Chattogram in strengthening bilateral friendly ties between Korea and Bangladesh. Lee Jang-keun has sh...

Bangladesh may reduce rice import duty to 10pc to address price volatility: Minister

Bangladesh may reduce rice import duty to 10pc to address price volatility: Minister

FE ONLINE REPORT 2022-02-08 13:40:24

Food Minister Sadhan Chandra Majumder said rice import duty may be brought down to 10 per cent in need to prevent the price volatility in the market. The existing import duty on rice is nearly 62.5...

Bangladesh to procure 65 more trucks from India

Bangladesh to procure 65 more trucks from India

FE REPORT 2022-02-08 09:39:16

Bangladesh government is set to procure 65 more trucks from India's Ashok Leyland through a deal as part of a $2.0 billion line of credit (LoC) between the two countries, according to Indian media rep...

Dhaka to allow soya meal export

Dhaka to allow soya meal export

FE REPORT 2022-02-08 09:28:05

The government decides to allow export of soybean meal on a case-to-case basis for different industrial groups and crushing industries concerned. To this end, commerce ministry has asked the office o...

Why not freezing accounts of Evaly's ex-CEO's family

Why not freezing accounts of Evaly's ex-CEO's family

FE REPORT 2022-02-08 09:24:28

The High Court (HC) on Monday sought explanation in two weeks as to why they should not be directed to freeze all the bank accounts of Evaly's ex-managing director and CEO, and ex-chairman's family me...

Petitioners file for liquidation of Graneen Telecom

Petitioners file for liquidation of Graneen Telecom

FE REPORT 2022-02-08 09:11:34

A petition has been filed with the company court of the High Court (HC) division seeking liquidation of the Nobel laureate Dr Muhammad Yunus-owned Grameen Telecom. Mahmud Hasan Feroz, secretary of th...

Duty-free, quota-free market access to be top agenda at Australia-Bangladesh meet

Duty-free, quota-free market access to be top agenda at Australia-Bangladesh meet

SYFUL ISLAM 2022-02-08 09:08:36

Bangladesh will keep continuation of the Duty Free and Quota Free (DFQF) market-access facility even after graduation from poor countries' club on top of the agenda in the first meeting of the Joint W...

Bangladesh gets offer at $32 per MMBTU for late Feb delivery of LNG

Bangladesh gets offer at $32 per MMBTU for late Feb delivery of LNG

FE REPORT 2022-02-08 09:06:47

Bangladesh has received a price quote at around US$32 per million British thermal unit (MMBTU) as the best offer to import LNG (liquefied natural gas) from the spot market for late February delivery....

Costlier fuel, corona resurgence dampen Bangladesh business confidence

Costlier fuel, corona resurgence dampen Bangladesh business confidence

FE REPORT 2022-02-08 09:03:44

Faster transmission of resurgent coronavirus and increased fuel prices dampen businesses' confidence in Bangladesh's economic recovery in the opening quarter of 2022, after an upbeat rebound, accordin...

Fine, medium varieties of rice continue to be pricier in Bangladesh market

Fine, medium varieties of rice continue to be pricier in Bangladesh market

Yasir Wardad 2022-02-08 08:55:23

Rice has witnessed a further hike in the past two days, adding woes to the commoners who are already reeling from the skyrocketing trend of most commodities. Medium and finer varieties like BRRI dhan...

Bangladesh may lose 14.28pc export earnings after LDC graduation

Bangladesh may lose 14.28pc export earnings after LDC graduation

MONIRA MUNNI 2022-02-08 08:52:46

Bangladesh may lose out significantly for facing greater adversities and stricter rules-of-origin (RoO) requirements in export destinations, where it enjoys trade preferences, after its LDC graduation...