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The Financial Express

Search results for: Trade

Rice import through Benapole port suspended

Rice import through Benapole port suspended

-- 2021-10-31 21:55:33

Rice imports from India through the Benapole port have been suspended on Sunday after instruction from the food ministry. According to the agreement, Saturday was the last day for rice import and tra...

Rahimafrooz gets Bangabandhu Sheikh Mujib Industrial Award 2020

Rahimafrooz gets Bangabandhu Sheikh Mujib Industrial Award 2020

-- 2021-10-31 18:58:28

Rahimafrooz Renewable Energy Limited has been awarded the ‘Bangabandhu Sheikh Mujib Industrial Award 2020’ for its outstanding contribution in the solar power sector. A total of 23 compan...

Govt to procure 0.95m mts foodgrains from farmers this fiscal year

Govt to procure 0.95m mts foodgrains from farmers this fiscal year

-- 2021-10-31 17:15:25

The government will procure a total of 0.95 million metric tonnes of food grains from farmers across the country in the current fiscal year, according to a decision on Sunday. Under the programme, 0....

Bangladesh offers huge investment opportunities to Saudi companies

Bangladesh offers huge investment opportunities to Saudi companies

-- 2021-10-31 16:36:42

Bangladesh and Saudi Arabia are set to sign a memorandum of understanding (MoU) that will open up a lot of investment opportunities for both countries. The MoU seeks to attract Saudi companies who wi...

Investment Summit day 6: Bangladesh’s infrastructure financing solutions in focus

Investment Summit day 6: Bangladesh’s infrastructure financing solutions in focus

FE ONLINE DESK   2021-10-31 12:04:56

How the gap in infrastructure financing would be bridged by offering credit solutions will come up for discussion at a high-profile investment conference today. The Ministry of Commerce and Dhaka Cha...

G20 leaders endorse global minimum corporate tax deal

G20 leaders endorse global minimum corporate tax deal

-- 2021-10-31 10:06:48

Leaders of the world's 20 biggest economies endorsed on Saturday a global minimum tax aimed at stopping big business from hiding profits in tax havens, and also agreed to get more Covid vaccines to po...

Bangladesh plans investment expo in Australia

Bangladesh plans investment expo in Australia

FE REPORT 2021-10-31 09:58:08

The government has planned to organise an investment expo or a roadshow in Australia within a month or two, aiming to attract Australian investment in Bangladesh. As part of the exercise, the Banglad...

Bangladesh government weighing arbitration clauses in all contracts

Bangladesh government weighing arbitration clauses in all contracts

FE REPORT 2021-10-31 09:49:09

The government is considering incorporating appropriate clauses for arbitration and mediation in all government contracts, Law Minister Anisul Huq said on Saturday. In the wake of the Covid-19, the g...

Banglalink to get 3,000 new BTSs by 2022

Banglalink to get 3,000 new BTSs by 2022

FE REPORT 2021-10-31 09:11:44

Banglalink is going to set up 3,000 new base transceiver stations (BTSs) by the end of 2022 in order to improve its quality of service. CEO Erik Aas said this to reporters while presenting the financ...

NBR launches EU-backed hotline for taxpayers

NBR launches EU-backed hotline for taxpayers

DOULOT AKTER MALA 2021-10-31 09:02:38

The National Board of Revenue (NBR) has launched an instant service to assist income taxpayers file online returns and clarify their income tax-related confusions. Tax officials are responding throug...

Planners suggest bringing urban development under one umbrella

Planners suggest bringing urban development under one umbrella

FE REPORT 2021-10-31 08:58:17

Speakers at a programme on Saturday suggested integrating urban development initiatives and all utility services under one umbrella organisation like city corporation or municipality for sustainabilit...

US firm takes controlling stake in Bangladeshi tower company

US firm takes controlling stake in Bangladeshi tower company

ISMAIL HOSSAIN 2021-10-31 08:50:11

American Tower Corporation (ATC), one of the top wireless tower operators in the world, has acquired 51 per cent stake of a Bangladeshi company. ATC had recently obtained the majority stake of Kirton...

While COP26 aims to banish coal,  Asia builds hundreds of plants to burn it

While COP26 aims to banish coal, Asia builds hundreds of plants to burn it

-- 2021-10-30 17:31:05

On the coastline near India's southern tip, workers toil on a pier carrying a conveyor belt that cuts a mile into the Indian Ocean where the azure waters are deep enough for ships to berth and unload...

Investment Summit day 5: Focus on Africa-Bangladesh newer cooperation

Investment Summit day 5: Focus on Africa-Bangladesh newer cooperation

FE ONLINE DESK 2021-10-30 11:56:59

The Ministry of Commerce and Dhaka Chamber of Commerce & Industry (DCCI) hold a webinar titled “Trade & Investment Cooperation of Africa and Bangladesh: Towards a new trajectory” t...

Egg, chicken prices soar as poultry industry falters in pandemic

Egg, chicken prices soar as poultry industry falters in pandemic

-- 2021-10-30 10:46:37

When the coronavirus pandemic began ebbing a few months ago raising hopes for people to return to a normal life, the retail price of a dozen eggs had dropped below Tk 80. Now the price has shot up to...

TCB soybean set to be costlier

TCB soybean set to be costlier

REZAUL KARIM 2021-10-30 09:50:22

After a fresh hike in edible oil prices by refiners, the state-run TCB seeks to increase the rate by Tk 10 per litre under its open-market sale (OMS) programme, sources said. The Trading Corporatio...

State agency's bid to break refiners' reign falters

State agency's bid to break refiners' reign falters

Syful Islam 2021-10-30 08:25:14

A trader who broke long dominance of an apparent oligopoly of refiners in supplying commodities to the Trading Corporation of Bangladesh (TCB) by beating them in bids is finally failing to deliver the...

Apparel buyers' near-sourcing strategy worries bangladeshi exporters

Apparel buyers' near-sourcing strategy worries bangladeshi exporters

Monira Munni 2021-10-30 08:07:25

Global buyers' pandemic-induced strategy shift to import apparel from nearest countries worries Bangladeshi exporters as they consider the 'near-shoring' stance a future threat for the industry. Indu...

Apple loses its crown as Microsoft becomes most valuable company

Apple loses its crown as Microsoft becomes most valuable company

-- 2021-10-29 21:56:53

Apple Inc lost its crown as the world's most valuable public company to Microsoft Corp on Friday, as the iPhone maker's shares continued their downward slide. Apple took a $6 billion hit to its sales...

Bangladesh must overhaul tax regime, simplify rules to tap Asia-Pacific business potentials: Investment Summit

Bangladesh must overhaul tax regime, simplify rules to tap Asia-Pacific business potentials: Investment Summit

FE ONLINE REPORT 2021-10-29 18:27:47

Blessed with its location in the world’s most vibrant region, Bangladesh is required to implement reform policies fast to break into Asia-Pacific markets and attract investment from the neighbou...

Google, Facebook's tax dodging ‘unfortunate’: HC

Google, Facebook's tax dodging ‘unfortunate’: HC

-- 2021-10-29 16:27:10

The High Court says it is 'unfortunate' that global tech giants Google, Facebook, YouTube, Yahoo and Amazon are not paying taxes. The top court said these companies must pay all revenues, including t...

Thales to upgrade air traffic management in Bangladesh

Thales to upgrade air traffic management in Bangladesh

-- 2021-10-29 16:23:50

Civil Aviation Authority of Bangladesh (CAAB) has signed a contract with Thales to upgrade the nationwide Air Traffic Management (ATM) system. Through this contract, CAAB intends to enhance the count...

Heirs step up as Covid-19 deaths rock Bangkok's famous street-food stalls

Heirs step up as Covid-19 deaths rock Bangkok's famous street-food stalls

-- 2021-10-29 15:05:14

Each morning, Adulwitch Tangsupmanee brings a cart of crispy pork belly to a run-down cinema in Bangkok's Chinatown and sets up the same street-food stall his internationally renowned father ran for n...

Tuber no longer cheaper

Tuber no longer cheaper

FE REPORT 2021-10-29 14:19:20

Potato, some other vegetables, egg and loose sugar became pricier last week battering the commoners already hit hard by rising prices of other essentials. Stored potato, for which cold storage owners...

Private oil importers struggle to unload oil at Ctg jetties

Private oil importers struggle to unload oil at Ctg jetties

NAZIMUDDIN SHYAMOL 2021-10-29 14:13:06

CHATTOGRAM: Private importers of edible oil are struggling to unload their imported oil at the dolphin jetties of Chittagong port these days. Following an accident on September 30 that left the Dolph...

Deals signed on 590mw plant in Chattogram

Deals signed on 590mw plant in Chattogram

FE REPORT 2021-10-29 10:56:16

The United Chattagram Power Ltd (UCPL), a joint venture between Bangladesh and Japan, signed deals with the state-run power and gas entities on Thursday to implement a 590-megawatt (MW) combined cycle...

Many LoC projects in Bangladesh will hit execution stage, Indian official says

Many LoC projects in Bangladesh will hit execution stage, Indian official says

-- 2021-10-29 10:30:53

The implementation of Indian Line of Credit (LoC) projects in Bangladesh will get a momentum as many of those would now hit the execution stage, said Pankaj Kumar Singh, Adviser of the Indian Ministry...

Stress on exploring potential of Bangladesh-Korea relations

Stress on exploring potential of Bangladesh-Korea relations

FE ONLINE REPORT 2021-10-29 10:17:06

Speakers at a discussion on Thursday stressed the need for exploring the due potential of the ties between Bangladesh and South Korea saying that this would benefit both countries. They made the obse...

Now govt plans oil price hike

Now govt plans oil price hike

M AZIZUR RAHMAN 2021-10-29 09:27:19

The government now mulls over a hike in the prices of petroleum products on grounds of surging oil prices on the international market, officials say. Consumer rights groups protest such move at a tim...

China chips in $1.3b credit for Dhaka-Ashulia elevated expressway

China chips in $1.3b credit for Dhaka-Ashulia elevated expressway

FE REPORT 2021-10-29 09:20:16

China has confirmed that it is giving $1.3 billion worth of preferential buyers' credit to Bangladesh to build the Dhaka-Ashulia elevated expressway. Chinese EXIM Bank and the Bangladesh government's...