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The Financial Express

Search results for: Trade

NBR moves to speed up revenue collection

NBR moves to speed up revenue collection

-- 2021-04-04 10:05:39

The National Board of Revenue (NBR) is widening its net and realising outstanding taxes to meet the yearly revenue collection target of the Income Tax Wing, reports UNB. For the fiscal year 2020-21,...

NBR waives VAT for Bangladesh Games

NBR waives VAT for Bangladesh Games

FE REPORT 2021-04-04 09:53:02

The revenue board has waived value-added tax (VAT) on all types of expenditure of the Bangabandhu 9th Bangladesh Games to facilitate the organiser, the Bangladesh Olympic Association (BOA). The domes...

BGMEA goes to polls today

BGMEA goes to polls today

FE REPORT 2021-04-04 08:36:15

The biennial election to the apparel apex trade body -- Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for 2021-23 term -- will be held today (Sunday). A total of 1,853 BGMEA Dhak...

SME Foundation works on disbursement policy

SME Foundation works on disbursement policy

FE REPORT 2021-04-04 08:33:06

The SME Foundation has started work on finalising a policy on loan disbursement among pandemic-hit small and medium enterprises from the Tk 1.0 billion stimulus package by next June. In its 15th an...

Lockdown announcement triggers panic buying of commodities

Lockdown announcement triggers panic buying of commodities

-- 2021-04-03 21:54:12

Dhaka city dwellers were gathering at kitchen market in a fit of panic buying after the government announced a countrywide ‘lockdown’ for seven days from April 5-11 to tackle the spread of...

Suez Canal shipping backlog ends

Suez Canal shipping backlog ends

REUTERS 2021-04-03 20:40:47

All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, th...

BB signs PAs with 12 banks, two FIs to operate Tk 10b TDF

BB signs PAs with 12 banks, two FIs to operate Tk 10b TDF

-- 2021-04-03 20:22:59

The Bangladesh Bank (BB) has signed participation agreements (PAs) with 12 banks and two financial institutions (FIs) to operate its Technology Development Fund (TDF), a refinance scheme of Tk 10 bill...

BGMEA extends voting time to ensure COVID-19 health rules

BGMEA extends voting time to ensure COVID-19 health rules

-- 2021-04-03 19:57:19

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has extended the time for voting in the elections to its body of executives with an aim to maintain health safety rules amid increasi...

Suez Canal shipping backlog to end Saturday

Suez Canal shipping backlog to end Saturday

REUTERS 2021-04-03 18:29:03

 The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation...

Gloria Jean’s Coffees opens sixth outlet

Gloria Jean’s Coffees opens sixth outlet

-- 2021-04-03 18:07:35

Gloria Jean’s Coffees inaugurated its sixth outlet at Rampura in Dhaka on Friday, according to a statement. A small event on this occasion was arranged at the venue at 7:30 pm. Sudip Chakrabort...

Prime Bank NEERA’s financial literacy initiative for unbanked women

Prime Bank NEERA’s financial literacy initiative for unbanked women

FE Online Desk 2021-04-03 14:29:56

Prime Bank’s women-focused initiative ‘NEERA’ has undertaken a countrywide programme to drive financial literacy among the unbanked women of the society. As part of ‘Month of...

Ceramic makers seek withdrawal of supplementary duty

Ceramic makers seek withdrawal of supplementary duty

FE REPORT 2021-04-03 13:19:52

Country's ceramic makers have demanded the withdrawal of existing supplementary duty and reduction in other taxes on imports of raw materials to help protect the domestic industry from an uneven compe...

Veg prices rise on supply crunch

Veg prices rise on supply crunch

FE REPORT 2021-04-03 13:14:30

Vegetables have become pricier adding to the hardship of commoners as they are already battered with increased prices of rice, wheat flour, edible oil, sugar, chicken, fish, milk and other essential...

Over 0.1m went abroad with jobs in eight months

Over 0.1m went abroad with jobs in eight months

Arafat Ara 2021-04-03 13:09:52

More than 100,000 workers went abroad with jobs in the last eight months until February this year after the employing countries withdrew the travel ban on migrant workers from Bangladesh, officials sa...

Japan and US aim for chip supply chain deal with PM Suga's visit

Japan and US aim for chip supply chain deal with PM Suga's visit

REUTERS 2021-04-03 10:29:55

Japan and the United States will cooperate on the supply of critical parts for chips, aiming for an agreement when the leaders of both countries meet later this month, the Nikkei newspaper said on Fri...

Burger King ad showing a sandwich blocking Suez canal triggers angry reactions online

Burger King ad showing a sandwich blocking Suez canal triggers angry reactions online

-- 2021-04-02 17:27:11

Burger King has drawn flak on social media after the fast-food restaurant used the recent Suez Canal blockage to promote a sandwich, reports bdnews24.com citing The Indian Express. In their latest so...

Enhancing B2B experience

Enhancing B2B experience

-- 2021-04-02 16:10:56

Serai, a B2B digital platform for the apparel industry, has been enabling and empowering the local readymade garment (RMG) sector in unprecedented ways since its launch in Bangladesh. Even prior to t...

British retailer Next suspends production orders with Myanmar factories

British retailer Next suspends production orders with Myanmar factories

-- 2021-04-02 15:48:57

Britain's Next on Thursday joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of February's military coup. Myanmar has been ro...

India wields oil 'weapon' to cut dependence on Saudi

India wields oil 'weapon' to cut dependence on Saudi

REUTERS 2021-04-02 15:36:12

When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a messa...

Ensuring RMG workers’ safety would be top priority, Forum panel vows

Ensuring RMG workers’ safety would be top priority, Forum panel vows

MONIRA MUNNI 2021-04-02 12:26:54

The Forum panel contesting the upcoming election of the BGMEA for the term of 2021-23 would give top priority to ensuring RMG workers’ safety amid the emergence of second wave of Covid-19 pandem...

Sammilita Parishad panel vows to turn challenges into opportunities amid pandemic

Sammilita Parishad panel vows to turn challenges into opportunities amid pandemic

MONIRA MUNNI 2021-04-02 12:24:58

The Sammilita Parishad panel vying in the BGMEA election for the term of 2021-23 vowed to turn the challenges surfaced due to the Covid-19 pandemic into opportunities. “Every challenge creates...

Dhaka may appoint business consultants in markets abroad

Dhaka may appoint business consultants in markets abroad

Rezaul Karim 2021-04-02 11:09:06

The government has initiated a process to appoint business development consultants in different countries to help boost exports through diversification of the market, officials said. They said such c...

Apparel makers turn to labour ministry for running factories with full workforce

Apparel makers turn to labour ministry for running factories with full workforce

Monira Munni 2021-04-02 10:46:16

The apex apparel sector trade-body - BGMEA - has formally informed the government about its stance regarding operating factories with full workforce on the grounds of ensuring timely shipment of order...

China Sinovac says it reached two billion doses annual capacity for vaccine

China Sinovac says it reached two billion doses annual capacity for vaccine

Reuters 2021-04-02 09:39:09

China’s Sinovac Biotech said on Friday its third production plant for its Covid-19 vaccine was ready and had started manufacturing procedures for bulk vaccine ingredient, doubling its annual cap...

BGMEA, SREDA sign MoU to increase use of renewable energy in RMG sector

BGMEA, SREDA sign MoU to increase use of renewable energy in RMG sector

FE Online Report 2021-04-01 19:12:21

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Sustainable and Renewable Energy Development Authority (SREDA) have signed a Memorandum of Understanding (MoU) to increase the us...

IDLC approves 15pc cash and 5.0pc stock dividend

IDLC approves 15pc cash and 5.0pc stock dividend

-- 2021-04-01 18:01:29

The 36th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Wednesday March 31, 2021 virtually by using digital platform in compliance with the directives set by Bang...

Startup Bangladesh to invest Tk 1.0b in local startups

Startup Bangladesh to invest Tk 1.0b in local startups

FE Online Report 2021-04-01 16:33:01

Startup Bangladesh Ltd has launched the ‘Shoto Borshe Shoto Asha’ to invest Tk 1.0 billion in 50 startups this year. The company announced the first series of investments in seven startup...

ZEE5 Global wins ‘Content Delivery Platform of the Year’ award

ZEE5 Global wins ‘Content Delivery Platform of the Year’ award

-- 2021-04-01 16:04:11

ZEE5 Global, the largest OTT platform won the prestigious ‘Content Delivery Platform of the Year’ award at the 17th edition of the Digital Studio Awards in Dubai recently. The honour is gi...

Serai to facilitate Bangladesh garments

Serai to facilitate Bangladesh garments

-- 2021-04-01 15:53:32

Hong Kong and Shanghai Banking Corporation (HSBC), a global bank, has floated a data-powered platform named Serai to help businesses grow and connect globally. It has started to connect digitally the...

Volkswagen admits marketing prank

Volkswagen admits marketing prank

Reuters 2021-04-01 11:26:44

Volkswagen AG’s US unit issued a false news release claiming it would rename its US operations as “Voltswagen of America” in a marketing stunt designed to call attention to its elect...