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The Financial Express

Search results for: Trade

Tea gardeners’ daily minimum wage proposed at Tk 117

Tea gardeners’ daily minimum wage proposed at Tk 117

FE REPORT 2021-06-15 10:25:15

The minimum wage board has finalised its draft, recommending Tk 117 as daily minimum wage for tea gardeners amid worker representative's disagreement. A gazette notification to this end was issued on...

Tariff policy being formulated for boosting trade

Tariff policy being formulated for boosting trade

FE REPORT 2021-06-15 08:53:00

The government is going to enact a 'tariff policy' to reform the country's tariff structure with an eye to boosting both domestic and foreign trade. The draft would be tabled at cabinet division by...

Special facility for legalising illicit money likely to continue

Special facility for legalising illicit money likely to continue

DOULOT AKTER MALA 2021-06-15 08:41:21

The special facility given to legalise undeclared income is likely to continue in the upcoming fiscal year (FY) 2021-22 with some amendments. The government offered the opportunity for the outgoing F...

Bad weather halves LNG re-gasification

Bad weather halves LNG re-gasification

FE REPORT 2021-06-14 10:30:34

LNG re-gasification dropped to almost half to around 400 million cubic feet per day (mmcfd) on Sunday, as the cargo remained stranded in the Bay over the past several days due to bad weather. The LNG...

Export may face setback sans quick vaccination, apprehend stakeholders

Export may face setback sans quick vaccination, apprehend stakeholders

FE REPORT 2021-06-14 10:19:13

Speakers stressed on Sunday the need for quick vaccination to develop people's immunity; otherwise the country's export may face a setback. They emphasised further widening of tax net, facilitating p...

BB policy to fortify monitoring on post-import funding

BB policy to fortify monitoring on post-import funding

FE REPORT 2021-06-14 10:03:26

The central bank has issued a policy for post import financing (PIF) for strengthening monitoring and supervision of such financing, officials said. Under the new policy, all the scheduled banks ha...

Deal on Payra seaport channel dredging inked

Deal on Payra seaport channel dredging inked

FE REPORT 2021-06-14 09:55:36

The Payra Port Authority (PPA) on Sunday signed a deal with Belgium-based dredging company Jan De Nul (JDN) for capital dredging of 75 kilometre long main channel of the under construction Payra seapo...

LNG re-gasification drops to half due to bad weather

LNG re-gasification drops to half due to bad weather

FE Online Report 2021-06-13 19:24:08

LNG re-gasification dropped to almost half on Sunday to around 400 million cubic feet per day (mmcfd) as the cargo remains stranded in the Bay over the past several days due to bad weather. The LNG (...

DocCure makes a mark in healthcare

DocCure makes a mark in healthcare

-- 2021-06-13 19:13:31

Despite many questions being raised regarding our national healthcare, a noticeable change is apparent in recent times. Online treatment and telemedicine services are becoming more popular every day d...

Wage structure for security service workers fixed

Wage structure for security service workers fixed

FE REPORT 2021-06-13 11:35:21

The government has fixed minimum monthly wages with 5.0 per cent annual increment for workers in the country's security services sector. This is for the first time the ministry of labour and employ...

Live crab, eel fish exporters seek 30pc cash incentive

Live crab, eel fish exporters seek 30pc cash incentive

FE REPORT 2021-06-13 10:17:59

The country's live crab and eel fish exporters have sought 30 per cent cash incentive on their export earnings as the sector is now in a tight corner due to the Covid-19 pandemic. Bangladesh Live and...

Restaurant owners urge government to cut VAT rates

Restaurant owners urge government to cut VAT rates

FE REPORT 2021-06-13 09:00:15

Restaurant owners have called on the government to reduce value added tax (VAT) rates on the eateries and bring them under a single ministry. They also urged the government to provide loans at four p...

ADB in discussion with Bangladesh to provide $1.6b more in assistance

ADB in discussion with Bangladesh to provide $1.6b more in assistance

FHM HUMAYAN KABIR 2021-06-13 08:52:13

The Asian Development Bank (ADB) maymake available more than $1.6 billion worth of assistance to Bangladesh under five separate programmesshortly to help the latter weatherthe adverse impact of the pa...

Apex trade body wants taskforce for fiscal measures

Apex trade body wants taskforce for fiscal measures

DOULOT AKTER MALA 2021-06-13 08:38:39

The country's apex trade body has requested the finance minister to form a taskforce immediately for removing the existing discriminatory fiscal measures on the businesses. It proposed the body compr...

BGMEA receives USGBC leadership award

BGMEA receives USGBC leadership award

FE Online Report 2021-06-12 19:01:43

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has been awarded the 2021 USGBC Leadership Award by the US Green Building Council (USGBC) for leading the way to reduce the environme...

Costa Rica’s Grynspan first female secretary-general of UNCTAD

Costa Rica’s Grynspan first female secretary-general of UNCTAD

FE ONLINE DESK 2021-06-12 16:01:49

Rebeca Grynspan of Costa Rica will be the new secretary-general of UNCTAD, the UN trade and development body. Her nomination to the post by UN Secretary-General António Guterres was approved b...

G7 to counter China's BRI with infrastructure project

G7 to counter China's BRI with infrastructure project

REUTERS 2021-06-12 14:06:48

The Group of Seven rich nations will announce on Saturday a new global infrastructure plan as a response to China's belt and road initiative, a senior official in US President Joe Biden's administrati...

Government to procure 10 tugboats worth Tk 1.66b

Government to procure 10 tugboats worth Tk 1.66b

TALHA BIN HABIB 2021-06-12 10:59:03

The government is set to procure 10 tugboats with an estimated cost of over Tk 1.66 billion for transportation of dredgers and non-propel vessels to different parts of the country, in order to facil...

Bangladesh authorities alerted to onion import from India

Bangladesh authorities alerted to onion import from India

REZAUL KARIM 2021-06-12 09:48:01

Bangladesh can now avail competitive advantages through importing onion from India to offset its possible shortfall, said Bangladesh high commission in New Delhi, India. The mission's observations ca...

RHD wants fifth time extension for highway widening project after eight years

RHD wants fifth time extension for highway widening project after eight years

FHM HUMAYAN KABIR 2021-06-12 09:31:14

The Roads and Highways Department (RHD) has sought one and a half years more time to widen a 70-km highway, as more than eight years is not enough for the agency to do the job, insiders said on Frid...

LPG companies seek hike in prices

LPG companies seek hike in prices

M AZIZUR RAHMAN 2021-06-12 09:00:06

Privately-owned LPG (liquefied petroleum gas) operators sought hike in retail prices of the fuel in domestic market, and submitted fresh applications to the energy regulator to consider their demand....

Soaring rice prices add to  consumers' woes

Soaring rice prices add to consumers' woes

FE REPORT 2021-06-11 11:58:11

After remaining static for a month, rice prices witnessed a hike in the city retail markets last week, adding to the woes of consumers already hit hard by a surge in the prices of essentials. Thoug...

Bangladesh Bank changes schedule of charges

Bangladesh Bank changes schedule of charges

FE REPORT 2021-06-11 11:01:18

The Bangladesh Bank has streamlined the schedule of charges for opening of new bank accounts, processing of loans and early settlement of term-loan. In its master circular, the central bank has fixed...

BCI demands lower tax for industrial sector

BCI demands lower tax for industrial sector

FE REPORT 2021-06-11 10:11:25

The Bangladesh Chamber of Industries (BCI) has suggested fixing lower corporate tax rate for industrial sector than trading sector's as it is a generator of jobs and a foreign-currency saver. Hailing...

FBCCI for more market research to boost trade with Malaysia 

FBCCI for more market research to boost trade with Malaysia 

UNB 2021-06-10 18:03:23

Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Md. Jashim Uddin has laid emphasis on doing more market research and evaluation on export diversification to deal with th...

Unilever Bangladesh names Zaved Akhtar as new CEO

Unilever Bangladesh names Zaved Akhtar as new CEO

-- 2021-06-10 15:49:10

Unilever Bangladesh Ltd has appointed Zaved Akhtar as its chief executive officer and managing director -- the second Bangladeshi to lead the unit. Zaved Akhtar, who is currently serving as the vice...

BARVIDA seeks 45pc depreciation in duty on used cars import

BARVIDA seeks 45pc depreciation in duty on used cars import

FE REPORT 2021-06-10 10:54:02

The reconditioned car importers sought 45 per cent depreciation in duty for import of reconditioned cars and withdrawal of supplementary duty on import of widely used microbuses. They, however, wel...

Women to get 25pc of Tk 30b refinance fund

Women to get 25pc of Tk 30b refinance fund

FE REPORT 2021-06-10 10:42:40

The central bank has asked all scheduled banks to disburse among women at least 25 per cent of the Tk 30 billion refinancing fund for facilitating low-income people. "It has been decided that out o...

Global accountants to be VAT representatives of tech giants

Global accountants to be VAT representatives of tech giants

DOULOT AKTER MALA 2021-06-10 09:00:07

Globally reputed accounting firms will be able to work as VAT representatives of non-resident technology giants from the fiscal year 2021-22 in Bangladesh. The proposed change of a provision in the V...

Second Bangladesh Sukuk auction sparks huge interest

Second Bangladesh Sukuk auction sparks huge interest

SIDDIQUE ISLAM 2021-06-10 08:44:23

The Tk 40 billion Sukuk was over-subscribed more than eight times to Tk 327.26 billion in its second auction held at the central bank on Wednesday. A total of 67 institutions -- both conventional and...