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The Financial Express

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Decrees issued to stop taxmen’s misdeeds

Decrees issued to stop taxmen’s misdeeds

DOULOT AKTER MALA 2021-04-16 11:28:14

The National Board of Revenue (NBR) has detected irregularities in customs assessment by a section of revenue officers (ROs) and assistant revenue officers (AROs) using Asycuda World system. The NBR...

Journalists seek cut in corporate tax, newsprint duty

Journalists seek cut in corporate tax, newsprint duty

FE REPORT 2021-04-16 11:17:54

Media professionals requested the government to cut corporate tax and duty on newsprint import to help the industry survive. They made the appeal in a virtually-held pre-budget discussion on Thursday...

Bangladesh Government Treasury Bond rules formulated

Bangladesh Government Treasury Bond rules formulated

FE REPORT 2021-04-16 11:06:41

The Ministry of Finance has formulated a new rule to invest in Bangladesh Government Treasury Bond (BGTB) specifying the details on transaction of the instrument in the secondary market, the shares of...

Black and Hispanic firms half as likely to get needed financing

Black and Hispanic firms half as likely to get needed financing

REUTERS 2021-04-16 10:55:53

The coronavirus pandemic exacerbated the challenges faced by minority-owned businesses, which experienced higher rates of closures and revenue losses and had more trouble accessing credit than white b...

Reuters website goes behind paywall

Reuters website goes behind paywall

Reuters 2021-04-16 10:22:19

Reuters News on Thursday unveiled a new subscription website as part of a broad initiative to court business professionals. In addition to targeting its current global readership, the newly reva...

World Vision Bangladesh launches idea competition to address urban air pollution

World Vision Bangladesh launches idea competition to address urban air pollution

-- 2021-04-15 20:57:37

Last year Bangladesh had the worst average air quality in the world, according to US Air Quality Index (AQI). While some districts in Bangladesh have a US AQI comparable to the cleaner 30 per cent of...

Nialco Alloys becomes first Bangladeshi SME to go public

Nialco Alloys becomes first Bangladeshi SME to go public

-- 2021-04-15 20:48:58

Nialco Alloys has become the first company from the Small and Medium Enterprise or SME sector to get the approval of the Securities and Exchange Commission for public listing. The firm will raise Tk...

BTCL’s technical glitch suspends BB’s inter-bank cheque settlement, electronic fund transfer

BTCL’s technical glitch suspends BB’s inter-bank cheque settlement, electronic fund transfer

-- 2021-04-15 19:44:58

Inter-bank cheque settlement and electronic fund transfer system of Bangladesh Bank remained suspended since Tuesday last due to a technical fault in the optical fibre of Bangladesh Telecommunications...

Robi launches Iftar donation campaign

Robi launches Iftar donation campaign

-- 2021-04-15 18:09:14

The leading digital services provider of the country, Robi, has come up with an innovative Iftar donation campaign to stand with the underprivileged people of society in the holy month of Ramadan. Th...

Bangladeshi and UK angels network to work together

Bangladeshi and UK angels network to work together

FE ONLINE REPORT 2021-04-15 17:05:57

Bangladesh Angels Network (BAN) and the Green Angels Syndicate (GAS) of the UK have announced to work together. They aim to source, cross-refer, and promote linkages on smart investment in technology-...

Brinjal prices soar in Ramadan

Brinjal prices soar in Ramadan

-- 2021-04-15 17:01:16

Brinjal prices increased by Tk 20-40 per kg overnight as sold at Tk 80-100 a kg on Tuesday in the month of Ramadan. The wholesale and retail prices of the vegetable in the city are much higher than t...

CVC Finance signs MoU with Cateina Technologies to enhance digital reach

CVC Finance signs MoU with Cateina Technologies to enhance digital reach

FE Online Desk   2021-04-15 14:52:59

CVC Finance Limited recently signed an MoU with Cateina Technologies Private Limited. Under the agreement, Cateina will act as a technical partner for CVC Finance in order to facilitate their move tow...

Grab CEO's ride from Harvard to Nasdaq listing

Grab CEO's ride from Harvard to Nasdaq listing

REUTERS 2021-04-15 14:31:28

The CEO of Grab, a popular app to book taxis, order food and make payments in Southeast Asia, has always been determined to win -- from making his firm the best-funded regional start-up to defeating b...

New high-zinc wheat set for global expansion to combat malnutrition

New high-zinc wheat set for global expansion to combat malnutrition

Reuters 2021-04-15 13:30:47

Scientists at a leading global grains research institute expect to sharply ramp up new wheat varieties enriched with zinc that can boost the essential mineral for millions of poor people with deficien...

Around 59pc of women entrepreneurs don’t know about stimulus package: Study

Around 59pc of women entrepreneurs don’t know about stimulus package: Study

FE Online Report 2021-04-15 12:24:49

Around 59 per cent of the women entrepreneurs have not even heard about the stimulus package announced by the government for women-driven Cottage, Micro, Small and Medium Enterprises (CMSME) sector....

Nagad makes primary stipend payment easier

Nagad makes primary stipend payment easier

FE REPORT 2021-04-15 11:03:37

With the stipends, distributed through a mobile app, joy has been brought to millions of families across Bangladesh. Nagad, a financial arm of Bangladesh Post Office, has already delivered the gove...

Walmart moves to retain workers through full-time role offers

Walmart moves to retain workers through full-time role offers

-- 2021-04-15 10:42:38

Walmart Inc said on Wednesday it expected to convert two-thirds of its US hourly store roles to full-time positions by the end of the current fiscal year, as the retailer looks to retain workers. Pic...

Indian traders counter Amazon summit with own event

Indian traders counter Amazon summit with own event

REUTERS 2021-04-15 10:05:16

Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the US group’s summit with th...

Amazon aims to double US Black employees in leadership

Amazon aims to double US Black employees in leadership

Reuters 2021-04-15 09:22:17

Amazon.com said on Wednesday it was aiming to double the number of Black employees in senior leadership roles and hire 30 per cent more Black people as corporate employees in the United States this ye...

Arrested Suez ship fit for onward passage, official says

Arrested Suez ship fit for onward passage, official says

REUTERS 2021-04-14 19:40:41

The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday. The Ever Give...

Pandemic once again delivers a crippling blow to Bangladesh fashion industry

Pandemic once again delivers a crippling blow to Bangladesh fashion industry

-- 2021-04-14 13:26:42

As Covid-19 continues to wreak havoc across Bangladesh, the outlook for the country's shrinking fashion industry remains bleak with the pandemic once again dealing a crippling blow to business at one...

Dislodged ship held in Suez Canal as talks continue over $916m claim

Dislodged ship held in Suez Canal as talks continue over $916m claim

Reuters 2021-04-14 12:55:23

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one o...

Singapore's Grab to go public in world's biggest $40b SPAC merger

Singapore's Grab to go public in world's biggest $40b SPAC merger

-- 2021-04-14 12:54:49

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of ne...

Apple to hold special event on April 20 to launch new products

Apple to hold special event on April 20 to launch new products

Reuters 2021-04-14 11:04:21

Apple said on Tuesday it was holding a special event on April 20, with many expecting the tech giant to launch new iPad Pro models and other products ahead of its annual developers’ conference i...

Agencies may ask for tax return receipt before delivering services

Agencies may ask for tax return receipt before delivering services

-- 2021-04-14 10:45:31

The revenue board would make submission of income tax (IT) return acknowledgement receipt mandatory for obtaining different services from the public entities, officials said. The National Board of Re...

Lockdown won't hamper infrastructure project implementation

Lockdown won't hamper infrastructure project implementation

FE REPORT 2021-04-14 10:00:04

Work of ongoing field-level projects, including mega projects, will continue during the nationwide lockdown beginning today (Wednesday). Both the road transport and bridges minister and the railway...

Outbound workers in trouble due to flight suspension

Outbound workers in trouble due to flight suspension

ARAFAT ARA 2021-04-14 09:38:53

Several thousand outbound workers face uncertainty over securing their jobs abroad and getting new air tickets following the suspension of international flights which came into force from today. Inte...

Oxygen cylinder prices rise on Covid-time demand

Oxygen cylinder prices rise on Covid-time demand

FE REPORTSM Najmus Sakib 2021-04-14 09:33:32

Shortage of cylindered oxygen has taken a serious turn, as the demand for the same continues to soar following the steep rise in the number of critical Covid-19 patients in recent times. Meanwhile, s...

Boeing delivers 29 aircraft in March, orders positive

Boeing delivers 29 aircraft in March, orders positive

Reuters 2021-04-14 09:03:23

Boeing Co said on Tuesday it delivered 29 aircraft in March, up from 20 a year earlier, with the US planemaker’s net orders staying positive for the second straight month as airlines get ready f...

New BGMEA board assumes responsibility

New BGMEA board assumes responsibility

-- 2021-04-13 19:45:18

The new board of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) took charge of the outgoing committee on Tuesday. Managing director of Giant Group Faruque Hassan has officially ta...