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The Financial Express

Search results for: Trade

Bangladesh relaxes restrictions on raw gold imports

Bangladesh relaxes restrictions on raw gold imports

ARAFAT ARA 2021-06-10 08:19:40

The government has adopted a new policy, allowing the local jewellers for the first time to import raw gold and refine it. At the same time, jewellers can sell precious objects - jewellery, bars and...

Visa launches programme for startups, fintech in Bangladesh

Visa launches programme for startups, fintech in Bangladesh

FE ONLINE REPORT 2021-06-09 18:29:39

Visa, the global leader in digital payments technology, will start a new programme for startups and fintech, a shortened form of financial technology, in Bangladesh from next week. Recognising the ch...

Big-B Initiative of Japan to bring more investment to Bangladesh, Shahriar says

Big-B Initiative of Japan to bring more investment to Bangladesh, Shahriar says

-- 2021-06-09 13:31:12

State Minister for Foreign Affairs Md Shahriar Alam has said the Bay of Bengal Industrial Growth Belt (Big-B) Initiative of Japan will accelerate cooperation for development of quality infrastructure...

Apparel sector crisis management core committee reorganised

Apparel sector crisis management core committee reorganised

FE REPORT 2021-06-09 10:49:19

The government has reformed the crisis management core committee to look into the overall labour situation and resolve labour unrest in ready-made garment (RMG) and other industrial sectors. The move...

BGMEA seeks CBC's assistance

BGMEA seeks CBC's assistance

FE Report 2021-06-09 10:42:21

BGMEA has urged the Customs Bond Commissionerate (CBC) to ease its export-import audit activities for the ready-made garment (RMG) industry. Bangladesh Garment Manufacturers and Exporters Associati...

ADB finds sites for floating solar plants to produce 61MW

ADB finds sites for floating solar plants to produce 61MW

SYFUL ISLAM 2021-06-09 10:17:46

The Asian Development Bank (ADB) has found three suitable sites for floating solar power plants which, once installed, will be able to generate a total of 61-megawatt electricity. Officials said Ba...

Bangladesh's customs waters double

Bangladesh's customs waters double

Doulot Akter Mala 2021-06-09 09:50:21

The water area under the Bangladesh Customs supervision has doubled, extending up to twenty four nautical miles in the maritime boundary from the previous twelve nautical miles from baseline. The e...

Tk 13.05b gas transmission project approved

Tk 13.05b gas transmission project approved

FE REPORT 2021-06-09 09:34:54

The government on Tuesday approved the installation of 50km Bakhrabad-Meghnaghat-Haripur gas transmission line project at a cost of Tk 13.05 billion to supply the fossil fuel to power plants and indus...

Mobile financial services transaction hits all-time high

Mobile financial services transaction hits all-time high

FE REPORT 2021-06-09 08:51:16

Transactions through mobile financial services (MFS) hit an all-time high of Tk 634.79 billion in April last as an increased number of people and businesses preferred using digital services amid the o...

Dhaka moves ahead for implementing Teesta project with Chinese assistance

Dhaka moves ahead for implementing Teesta project with Chinese assistance

MIR MOSTAFIZUR RAHAMAN 2021-06-09 08:15:48

In a major development, Bangladesh has requested China to fund five new projects having an estimated outlay over US$ 1.65 billion, replacing five existing projects worth over $5.26 billion against whi...

Samsung unleashes new variant of Galaxy A32

Samsung unleashes new variant of Galaxy A32

FE ONLINE DESK   2021-06-08 20:39:38

After receiving a huge response from tech-savvy people, Samsung Bangladesh has recently released a new variant of Galaxy A32 to take the smartphone experience of the users many notches higher.  &...

MNC plan to cut suppliers who fail to curb carbon emission

MNC plan to cut suppliers who fail to curb carbon emission

UNB 2021-06-08 19:37:16

Some 78 per cent multinational companies (MNC) plan to remove by 2025 suppliers that endanger their carbon transition plan according to a study by Standard Chartered. According to Carbon Dated, which...

CCCI, BCE organise post-budget  dialogue

CCCI, BCE organise post-budget dialogue

-- 2021-06-08 19:00:46

The Chittagong Chamber of Commerce & Industry (CCCI) and its initiative Bangladesh Center of Excellence (BCE) organised the first national-level Post Budget (2021-2022) Dialogue on Tuesday. The s...

BOMA for withdrawing RD on mustard seeds

BOMA for withdrawing RD on mustard seeds

FE ONLINE REPORT 2021-06-08 18:56:33

Bangladesh Oil Mills Association (BOMA) has urged the government for removing regulatory duty (RD) on rapeseed and mustard seeds for the interests of both the consumers and the local industry. The go...

DEKKO ISHO GROUP INVESTS IN ECO VIA

DEKKO ISHO GROUP INVESTS IN ECO VIA

-- 2021-06-08 18:11:22

One of the leading Bangladeshi conglomerates, Dekko ISHO Group has signed a monetary and strategic capital investment agreement with Eco Via, a bioplastic initiative with its own innovation in compost...

‘Bangladesh can earn at least $2.0b more exporting non-cotton products’

‘Bangladesh can earn at least $2.0b more exporting non-cotton products’

-- 2021-06-08 17:32:05

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan on Tuesday said Bangladesh can add at least US$ 2 billion in its export earnings annually by grabbing the gr...

Bangladesh, Austria sign Air Services Agreement   

Bangladesh, Austria sign Air Services Agreement  

FE ONLINE REPORT 2021-06-08 12:26:59

An Air Services Agreement (ASA) between Bangladesh and Austria has been signed in Vienna, the foreign ministry said on Tuesday. Bangladesh Ambassador to Austria Muhammad Abdul Muhith and Ambassador&n...

Government moves to streamline renewable energy policy

Government moves to streamline renewable energy policy

SYFUL ISLAM 2021-06-08 10:31:43

The country's renewable energy regulator has moved to revise the decade-old renewable energy policy to streamline it with the present situation and demand, officials said. Bangladesh enacted its fi...

Penalty for customs-related offences set to go up twofold

Penalty for customs-related offences set to go up twofold

-- 2021-06-08 10:29:33

Penalty, in pecuniary terms, for customs-related offences is set to go up twofold from July 01 as per the provisions of the Finance Bill-2021. Importers or exporters concerned will have to pay a fine...

Central bank extends policy support to exporters until December

Central bank extends policy support to exporters until December

SIDDIQUE ISLAM 2021-06-08 10:27:24

The central bank has extended the tenure of its different policy supports to export trade by six more months amid the ongoing Covid-19 pandemic, officials said. The exporters will now enjoy the facil...

Investment in Bangladesh Railway didn't deliver expected results

Investment in Bangladesh Railway didn't deliver expected results

FHM HUMAYAN KABIR 2021-06-08 10:25:08

The Asian Development Bank's (ADB) independent evaluation said investment to Bangladesh's railway sector had not delivered results as quickly as anticipated, because the sectoral reforms took longer...

JDA with German, Chinese, US companies for 3600-MW combined cycle power plant

JDA with German, Chinese, US companies for 3600-MW combined cycle power plant

M AZIZUR RAHMAN 2021-06-08 10:24:48

The North-West Power Generation Company Ltd (NWPGCL) is expecting a joint development agreement (JDA) with Germany's Siemens, China's CMC and US Excelerate Energy for a 3,600-megawatt combined cycle p...

BGMEA seeks BB’s support for RMG sector to address pandemic challenges

BGMEA seeks BB’s support for RMG sector to address pandemic challenges

UNB 2021-06-07 20:46:06

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of Bangladesh Bank (BB) for the RMG industry in its struggle to overcome the impacts of the Covid-19 pandemic and...

Jeff Bezos says he will fly into space next month

Jeff Bezos says he will fly into space next month

REUTERS 2021-06-07 20:39:00

Amazon's billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. "Ever since I was five years o...

Barrister Anisul Islam Mahmud shares his political, professional experience at IPDC Ogroj

Barrister Anisul Islam Mahmud shares his political, professional experience at IPDC Ogroj

-- 2021-06-07 19:49:06

Renowned lawyer, politician, former foreign minister, and celebrated barrister Anisul Islam Mahmud shared his life-long political and professional experience during the 18th episode of IPDC Finance's...

Daraz Bangladesh hires three differently-abled employees

Daraz Bangladesh hires three differently-abled employees

-- 2021-06-07 18:57:50

Online marketplace Daraz has recently recruited three differently-abled persons in a bid to inspire the inclusion of these people into mainstream society, according to a  statement. People who a...

Beximco bags three govt IT contracts worth Tk 3.57b

Beximco bags three govt IT contracts worth Tk 3.57b

-- 2021-06-07 18:24:07

Bangladesh Export Import Company (Beximco) has been awarded three IT-related contracts by the government worth an estimated Tk 3.57 billion. The conglomerate's IT Division signed the agreements with...

Aziz Al Kaiser, Hossain Khaled re-elected City Bank’s Chairman, Vice Chairman

Aziz Al Kaiser, Hossain Khaled re-elected City Bank’s Chairman, Vice Chairman

-- 2021-06-07 17:51:35

The Board of Directors of City Bank elected its Director Aziz Al Kaiser as the Chairman and Hossain Khaled as the Vice Chairman of the Bank on Monday. Aziz Al Kaiser is a Sponsor Director of City Ba...

Manufacturers demand VAT withdrawal from locally-made plastic toys

Manufacturers demand VAT withdrawal from locally-made plastic toys

-- 2021-06-07 17:22:57

Local manufacturers of plastic products have placed a 4-point list of demands including withdrawal of value-added tax (VAT) on their purchase of raw materials to facilitate their business in the count...

DCCI, BUET to work for skill development to meet 4IR challenges

DCCI, BUET to work for skill development to meet 4IR challenges

FE ONLINE REPORT 2021-06-07 16:36:09

Dhaka Chamber of Commerce & Industry (DCCI) and Bangladesh University of Engineering & Technology (BUET) will work together for skill development to face the challenges of the fourth industria...