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The Financial Express

Search results for: Trade

Imports of second-hand clothes cut by 40pc for this winter

Imports of second-hand clothes cut by 40pc for this winter

FE REPORT 2021-07-04 09:14:22

The government has slashed the import volume of second-hand clothes by 40 per cent for this winter due to the spread of Covid-19, officials said. To this effect, the Office of Chief Controller of I...

Higher LNG cargoes from 'volatile' spot market targeted

Higher LNG cargoes from 'volatile' spot market targeted

M AZIZUR RAHMAN 2021-07-04 08:36:58

Bangladesh is importing significantly higher LNG (liquefied natural gas) cargoes from the 'volatile' spot market this year to meet its mounting gas demand. Petrobangla will import 18 LNG cargoes fr...

Stakeholders should act ‘professionally for quality financial reporting and auditing’   

Stakeholders should act ‘professionally for quality financial reporting and auditing’  

FE Online Desk 2021-07-03 19:22:37

For further improving the quality of financial reporting and auditing in the country, every responsible stakeholder should contribute independently through maintaining integrity and professionalism. M...

BERC postpones public hearing to fix LPG pricing formula

BERC postpones public hearing to fix LPG pricing formula

FE ONLINE REPORT 2021-07-03 18:34:19

Bangladesh Energy Regulatory Commission (BERC) has postponed the public hearing slated for July 7-8 to review the pricing formula to fix the retail price of LPG (liquefied petroleum gas) due to ongoin...

1st consignment of coal from Kolkata for Rampal plant due in 2-3 days

1st consignment of coal from Kolkata for Rampal plant due in 2-3 days

FE DESK 2021-07-03 09:57:35

Mongla Port will receive the first consignment of coal from India for a thermal power plant in the next 2-3 days, an Indian official said on Thursday, according to reports published by The Hindu and T...

18 private depots asked to shift containers from Chittagong Port

18 private depots asked to shift containers from Chittagong Port

FE REPORT 2021-07-03 09:00:02

The Chittagong Port Authority (CPA) asked 18 private container depots on Friday to shift loaded containers from the port yards to the depots immediately to avoid congestion at the port. Insiders sa...

Most Bangladeshi private commercial banks see uptick in operating profit

Most Bangladeshi private commercial banks see uptick in operating profit

Siddique Islam 2021-07-02 08:44:32

Most of the private commercial banks (PCBs) showed an increased operating profit in the first six months (H1) of this calendar year (2021) despite the extent of overall classified loans in the banki...

Microsoft obtains VAT registration

Microsoft obtains VAT registration

FE Online Report 2021-07-01 17:55:16

Microsoft Regional Sales PTE Ltd obtained Value Added Tax (VAT) registration on Thursday following the government’s law to operate in Bangladesh. The non-resident company will have to submit mo...

23 industries get Bangabandhu Industrial Award

23 industries get Bangabandhu Industrial Award

FE REPORT 2021-07-01 13:51:20

The Ministry of Industries (MoI) has nominated 23 industries for the Bangabandhu Sheikh Mujib Industrial Award 2020 and 19 industries for the President's Award for Industrial Development 2019 for thei...

BB issues fund release policy for e-commerce enterprises

BB issues fund release policy for e-commerce enterprises

FE REPORT 2021-07-01 09:29:17

The central bank on Thursday issued a fund release policy for digital commerce enterprises with fixation product-wise specific timeframe aiming to develop a secure e-commerce ecosystem in Bangladesh.&...

Bangladesh among worst guarantors of labour rights

Bangladesh among worst guarantors of labour rights

MONIRA MUNNI 2021-07-01 09:04:25

Bangladesh, for the fifth consecutive year since 2017, has been ranked among the 10 worst countries where labour rights are not guaranteed, according to a global survey. The Global Rights Index-2021...

Bangladesh Bank seeks information of 11 e-commerce traders

Bangladesh Bank seeks information of 11 e-commerce traders

FE REPORT 2021-07-01 08:35:49

The Bangladesh Bank (BB) has sought account information of 11 e-commerce merchants from banks and non-banking financial institutions (NBFIs), officials said. The online merchants are: Alesha Mart, Dh...

Evaly launches ‘T10’ campaign to elevate e-com experience

Evaly launches ‘T10’ campaign to elevate e-com experience

-- 2021-06-30 20:58:18

E-commerce marketplace Evaly has launched a new campaign ‘T10 ‘to add new dimensions to the customers’ experience in online shopping. Under the campaign, Evaly will serve customers...

TRIPS transition period for LDCs extended by 13 years

TRIPS transition period for LDCs extended by 13 years

FE ONLINE REPORT 2021-06-30 16:57:36

The transition period of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) for the least developed countries (LDCs) has been extended by another thirteen years. A proposal in this reg...

Regulator raises retail prices of LPG from July

Regulator raises retail prices of LPG from July

-- 2021-06-30 16:20:52

Bangladesh Energy Regulatory Commission (BERC) has raised the retail prices of cylindered liquefied petroleum gas by Tk 4.07 to Tk 74.24 per kg, effective for the month of July. The regulator on Wedn...

ESCAP launches online tool to help countries visualise and analyse trade integration

ESCAP launches online tool to help countries visualise and analyse trade integration

FE ONLINE DESK 2021-06-30 15:31:55

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has launched a new online platform – RIVA (Regional Integration and Value Chain Analyser) – to support po...

Chittagong Customs House yet to be fully automated

Chittagong Customs House yet to be fully automated

OUR CORRESPONDENT 2021-06-30 09:07:58

The Chittagong Customs House (CCH) is yet to be fully automated after introduction of UNCTAD's ASYCUDA system at the country's top tax collecting house eight years ago. Automated System for Customs...

87.5pc migrant returnees didn't receive official grants: BOMSA

87.5pc migrant returnees didn't receive official grants: BOMSA

FE REPORT 2021-06-30 08:53:35

A majority 87.5 per cent of the virus-hit migrants who returned from abroad and their families did not receive any relief or grants from the government in 2020. Only 6.0 per cent of them got relief f...

IIBA Bangladesh Chapter kicks off

IIBA Bangladesh Chapter kicks off

-- 2021-06-29 22:19:28

The 11-member executive committee of International Institute of Business Analysis (IIBA) Bangladesh Chapter has been formed with Kazi Saiful Hoque as the president, Mohammad Abdullah as secretary and...

Production, export permission of diversified shrimp culture sought 

Production, export permission of diversified shrimp culture sought 

FE ONLINE REPORT 2021-06-29 20:24:54

With the export oriented frozen shrimp sector on the decline, sector insiders urged the government to allow diversified shrimp culture in the country to survive and compete in the highly competitive g...

IPDC continues to thrive amid second wave, discloses impressive Q1 results

IPDC continues to thrive amid second wave, discloses impressive Q1 results

FE ONLINE DESK 2021-06-29 19:42:59

IPDC Finance Limited declared record revenue in the first quarter (Q1) of this year, despite the second wave of the COVID-19 pandemic, during its Q1’21 Investors Meet on Tuesday. Q1’21 In...

World Vision Air Solutions Challenge announces top three ideas

World Vision Air Solutions Challenge announces top three ideas

-- 2021-06-29 18:58:44

World Vision Bangladesh, in collaboration with Inspira Advisory and Consulting Limited, has organised an idea competition called Urbania - World Vision Air Solutions Challenge.  This virtual com...

Corporate tax on MFS providers remains unchanged in FY22

Corporate tax on MFS providers remains unchanged in FY22

-- 2021-06-29 17:57:53

The government has scrapped a plan to raise corporate tax on mobile financial service (MFS) providers in fiscal 2021-22. Finance Minister AHM Mustafa Kamal had proposed an increase in the tax rate fr...

Rick Sikder loses NBL directorship

Rick Sikder loses NBL directorship

FE ONLINE REPORT 2021-06-29 14:18:13

Rick Haque Sikder has lost his directorship of the National Bank Limited (NBL) as the central bank refused to extend his tenure in absence of a CIB (Credit Information Bureau) clearance. "We've refus...

When do electric vehicles become cleaner than gasoline cars?

When do electric vehicles become cleaner than gasoline cars?

REUTERS 2021-06-29 12:35:17

You glide silently out of the Tesla showroom in your sleek new electric Model 3, satisfied you're looking great and doing your bit for the planet. But keep going - you'll have to drive another 13,500...

Rajshahi mango traders halve prices to get customers, but no such luck

Rajshahi mango traders halve prices to get customers, but no such luck

OUR CORRESPONDENT, RAJSHAHI 2021-06-29 10:32:50

Hundreds of mango traders at Baneswarhat under Puthia upazila of the district are waiting with crates full of mangoes for buyers but look frustrated as they are not getting sufficient customers even t...

EPB for increase cash incentive on shrimp export

EPB for increase cash incentive on shrimp export

REZAUL KARIM 2021-06-29 10:06:51

A government agency has suggested increasing the cash incentives on exports of frozen shrimps and other fish to help boost fish production and export earnings. The Export Promotion Bureau (EPB) sent...

Experts say merger of BASIC Bank, BDBL unlikely to deliver results

Experts say merger of BASIC Bank, BDBL unlikely to deliver results

SIDDIQUE ISLAM 2021-06-29 09:39:48

An 'imposed' merger of the scam-hit BASIC Bank with the Bangladesh Development Bank Limited (BDBL) is unlikely to yield any tangible result, experts have said. They expressed scepticism about fruitfu...

Alamgir Ranch launches sales centre at city's Mohammadpur

Alamgir Ranch launches sales centre at city's Mohammadpur

-- 2021-06-28 19:33:42

As part of sustainable business and its continued expansion, Alamgir Ranch Limited inaugurated its sales centre at Bosila area under Mohammadpur in Dhaka on Saturday, according to a statement. Dhaka...

Emirates announces incentive for SMEs

Emirates announces incentive for SMEs

-- 2021-06-28 16:46:56

Small and Medium Enterprises will get a bonus of 10,000 Business Reward Points, the equivalent of one economy class return ticket to selected destinations in Europe, from UAE-based airline Emirates un...