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The Financial Express

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Fuel oil price review hinges on stable international market, says Kamal

Fuel oil price review hinges on stable international market, says Kamal

FE REPORT 2021-12-02 10:57:36

Finance Minister AHM Mustafa Kamal said on Wednesday the fuel oil prices will be readjusted in the domestic market once the international market becomes stable. H e was speaking after a virtual meeti...

Recovery of micro enterprises yet to reach pre-Covid level

Recovery of micro enterprises yet to reach pre-Covid level

FE REPORT 2021-12-02 10:50:10

Recovery of most micro enterprises in the country is yet to reach pre-pandemic level, according to a new study. The study further said that the coronavirus outbreak made female workers more vulnerabl...

Bangladesh's digital service exports to decline by 29-44pc

Bangladesh's digital service exports to decline by 29-44pc

FE REPORT 2021-12-02 10:39:24

Bangladesh's digital service exports are estimated to decline, ranging from 29 per cent to 44 per cent, depending upon the severity of restrictions and retaliatory measures on Cross-border Data Flow (...

Graft, high taxes hinder business, development

Graft, high taxes hinder business, development

FE REPORT 2021-12-02 08:38:47

Economists and policy experts Wednesday appreciated Bangladesh's advances but spotlighted lapses like factious politics, lack of governance, corruption, inequality and high tax incidence that taint bu...

Petrobangla to recruit foreign consultants

Petrobangla to recruit foreign consultants

-- 2021-12-01 17:24:52

As many as eight foreign consulting firms with experience of having worked and brokered deals in the oil and gas industry, are interested to bag a role advising Petrobangla and its need to amend its...

upay wins fintech innovation award for its multi-wallet feature

upay wins fintech innovation award for its multi-wallet feature

FE ONLINE DESK   2021-12-01 12:29:51

upay, one of the fastest-growing mobile financial service providers in the country, has won the ‘Fintech Innovation of the Year’ award in the mobile money category. The award has been co...

Bangladesh to seek extension of market facility in Thailand

Bangladesh to seek extension of market facility in Thailand

REZAUL KARIM 2021-12-01 10:40:04

Bangladesh will seek further extension of duty-free and quote-free (DFQF) facility for Bangladeshi products in the Thai market to enhance bilateral trade volume, officials said. As part of the exerci...

Plea to abolish AIT, levy income tax only on income

Plea to abolish AIT, levy income tax only on income

FE REPORT 2021-12-01 08:40:12

Bangladesh's apex-chamber chief says businesses feel caught in a 'minimum-tax trap' that makes them pay 47-50-per cent corporate tax on their incomes though making that much profit is impossible in th...

BJMA, BJA elect new leaders

BJMA, BJA elect new leaders

FE ONLINE REPORT 2021-11-30 20:17:33

Two apex bodies of the country's jute sector elected their new office bearers for the next two years recently. Bangladesh Jute Mills Association (BJMA) elected Md Abul Hossain, managing director of D...

Inflation remains steady despite soaring commodity prices

Inflation remains steady despite soaring commodity prices

-- 2021-11-30 18:17:31

Bangladesh's general rate of inflation held steady in October even as the prices of most commodities have spiralled in recent months. The point-to-point inflation rate last month was 5.70 per cent, d...

Walton awards 10 winners of 'Smart Fridge, Smart Maker' contest

Walton awards 10 winners of 'Smart Fridge, Smart Maker' contest

FE ONLINE DESK 2021-11-30 18:05:45

Walton, a local electronics brand, has awarded the top ten content creators who participated in the first round of the second season of its video-making contest titled 'Smart Fridge, Smart Maker'. Th...

Nagad leads digitalising financial industry

Nagad leads digitalising financial industry

FE REPORT 2021-11-30 16:33:30

Nagad, a popular mobile financial service of the country’s postal department, is making its efforts to digitalise the financial sector of Bangladesh riding on advanced technology and pioneering...

NSU teacher develops low-cost water filter

NSU teacher develops low-cost water filter

FE ONLINE DESK 2021-11-30 14:45:35

North South University Faculty Dr Nadim Reza Khandaker along with his research student Abu Khalid Khan, from the Department of Civil and Environmental Engineering, has built an Iron manganese removal...

Leather sector leaders seek RMG-like facilities

Leather sector leaders seek RMG-like facilities

FE REPORT 2021-11-30 11:07:13

Bangladesh has a huge prospect of attracting investors to the leather sector, especially to footwear, leather and leather goods production as the government offers a wide range of incentives to thes...

NBR member says payer liable for misinfo in tax returns

NBR member says payer liable for misinfo in tax returns

FE REPORT 2021-11-30 10:25:35

Submission of income tax returns with financial details is the responsibility of an individual and law enforcers can hold the taxpayer concerned responsible in case of misdeclaration of income, said...

57 non-resident Bangladeshis to be CIPs

57 non-resident Bangladeshis to be CIPs

FE REPORT 2021-11-30 09:15:27

The government has selected a total of 57 non-resident Bangladeshis (NRBs) as CIPs (commercially important persons) in recognition of their contribution to the country's economy in the calendar year...

Apparel sector leaders call for more investment in backward linkage

Apparel sector leaders call for more investment in backward linkage

FE REPORT 2021-11-30 08:38:07

Leaders of the country's textile and ready-made garment (RMG) sector on Monday called for more local and foreign direct investment (FDI) in their backward-linkage industries, especially in woven and...

Twitter CEO Jack Dorsey to step down

Twitter CEO Jack Dorsey to step down

-- 2021-11-29 22:00:50

Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role and a successor has been lined up, a person familiar with the matter told Reuters. The company's board has been preparing...

‘Walton is a sophisticated, state-of-the-art industry’

‘Walton is a sophisticated, state-of-the-art industry’

FE ONLINE DESK   2021-11-29 15:34:05

“Walton is a mirror of emerging Bangladesh”, Foreign Minister Dr AK Abdul Momen said after visiting its factory, adding that anyone who sees Walton factory, can see emerging Bangladesh and...

EPB to promote export of jute-leaf drink

EPB to promote export of jute-leaf drink

FE REPORT 2021-11-29 10:27:10

A local inventor of jute-leaf drink has proposed the government to undertake a programme to facilitate export of the product to the European countries, particularly Germany, having its demand. Isma...

Swelling of non-performing loans erodes banks' capital base

Swelling of non-performing loans erodes banks' capital base

SIDDIQUE ISLAM 2021-11-29 08:18:09

Banks' capital base has been weakened further by higher growth of non-performing loans (NPLs), officials said Sunday, based on their September situation. The capital-to-risk weighted asset ratio (C...

BGMEA teams up with CNN to promote 'Made in Bangladesh'

BGMEA teams up with CNN to promote 'Made in Bangladesh'

-- 2021-11-28 21:52:50

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has formed a partnership with US-based CNN International Commercial (CNNIC) to promote ‘Made in Bangladesh’ by showca...

More than 30 Saudi Arabian companies want to invest in Bangladesh

More than 30 Saudi Arabian companies want to invest in Bangladesh

-- 2021-11-28 17:32:03

Saudi Arabian Minister for Transport and Logistic Services Saleh Nasser Al-Jasser has said many public and private companies of his country are keen to invest in Bangladesh in infrastructure developme...

Amazon, Future Group officials summoned over 2019 deal

Amazon, Future Group officials summoned over 2019 deal

-- 2021-11-28 14:35:26

India's economic crime-fighting agency summoned officials of Amazon.com Inc and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to source...

Special police team approved for Dhaka Mass Transit Company

Special police team approved for Dhaka Mass Transit Company

MUNIMA SULTANA 2021-11-28 11:15:25

As the first ever metro rail will open to traffic in the city in a year or two, a 357-member special police team will be formed to ensure safety and security of the state-of-the-art transportation sys...

eReturn of tax files getting massive response

eReturn of tax files getting massive response

DOULOT AKTER MALA 2021-11-28 10:50:06

Rowshon Ara Akter, a housewife who lives in the city's New Eskaton area, got puzzled last year getting a notice from the income tax office after the expiry of the deadline for return submission for...

New tourism law to lure international companies, increase visitors

New tourism law to lure international companies, increase visitors

SAJIBUR RAHMAN 2021-11-28 10:34:03

The newly-enacted law for the tourism industry is expected to attract international operators to expand their operations in Bangladesh and increase the number of tourists here, experts and stakeholder...

BRAC to collaborate with BGMEA in tech solutions

BRAC to collaborate with BGMEA in tech solutions

FE REPORT 2021-11-28 10:21:20

BRAC is willing to collaborate with the apparel apex body BGMEA in supporting garment factories to adopt sustainable technological solutions along with relevant knowledge. The interest was expresse...

International Investment Summit kicks off today

International Investment Summit kicks off today

FE REPORT 2021-11-28 09:12:23

Foreign investors are showing greater interest in the country's ICT, pharmaceutical, agro processing, light engineering and automobile sectors, and blue economy in addition to the apparel sector. To...

Daily BPC profit now swells to Tk 25m

Daily BPC profit now swells to Tk 25m

M AZIZUR RAHMAN 2021-11-28 09:04:52

Global oil prices crashed over fears of demand slump with the spread of newly exposed Covid variant 'Omicron' and the twist gave the state-run Bangladesh Petroleum Corporation (BPC) to see its profits...