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The Financial Express

Search results for: Trade

Nagad sues 10,000 'unknown people' for 'spreading rumours'

Nagad sues 10,000 'unknown people' for 'spreading rumours'

FE Report 2021-02-20 11:45:10

Nagad has filed a case with a Dhaka court against 10,000 unknown people for their alleged involvement in spreading rumours against the digital financial service. The case was filed with the Dhaka Chi...

Bangladeshi cabbages in Southeast Asian market

Bangladeshi cabbages in Southeast Asian market

JASIM UDDIN HAROON 2021-02-20 09:32:25

Cabbage exports from Bangladesh have surged nearly 6,000 per cent by volume this year over that of the past year. The country has shipped a record 6,500 tonnes in one and a half months until February...

Advance income tax on vaccine import to be exempted

Advance income tax on vaccine import to be exempted

FE REPORT 2021-02-20 09:20:20

The government is set to exempt advance income tax (AIT) on the import of all types of vaccines to make them affordable and facilitate Covid-19 vaccination. The income tax wing of the National Board...

BTRC to hold spectrum auction on March 8

BTRC to hold spectrum auction on March 8

ISMAIL HOSSAIN 2021-02-20 09:13:45

Bangladesh Telecommunication Regulatory Commission (BTRC) is set to award spectrum or radio frequency between 1800 MHz and 2100 MHz bands to mobile phone operators through auction. The auction will b...

Padma rail work sets slow pace

Padma rail work sets slow pace

MIR MOSTAFIZUR RAHAMAN 2021-02-20 08:36:06

The latest status report on the progress of the Padma rail link project, the largest China-funded project in the country, shows a dismal picture. The physical implementation rate of this 'fast-trac...

Honda CEO Hachigo to step down

Honda CEO Hachigo to step down

Reuters 2021-02-19 21:27:17

Honda Motor Co said on Friday Chief Executive Officer Takahiro Hachigo would step down, handing over the reins to the head of the automaker’s research and development arm, Toshihiro Mibe, on Apr...

WB names former Senegal finance minister to head IFC

WB names former Senegal finance minister to head IFC

Reuters 2021-02-19 21:08:16

The World Bank on Thursday named the first African chief executive of its private sector arm, the International Finance Corp, a position key to the bank’s efforts to finance vaccines and drive i...

AB Bank organises event on women leadership and empowerment

AB Bank organises event on women leadership and empowerment

FE Online Desk 2021-02-19 13:58:28

AB Bank recently organised an event titled 'AB Women’s Social' for its women employees to shed light on work-life balance, women leadership and empowerment. Ms Ornita Afzal, Ms Momtaj Hussain a...

Animal feed producers get VAT waiver on DCP

Animal feed producers get VAT waiver on DCP

FE REPORT 2021-02-19 12:47:33

Poultry and dairy feed manufacturers will not have to pay VAT on local production and supply of di-calcium phosphate (DCP), an important component of the feeds. The National Board of Revenue (NBR) ha...

Chicken dearer, potato, onion cheaper

Chicken dearer, potato, onion cheaper

FE REPORT 2021-02-19 12:17:02

Prices of chicken, a main source of protein, witnessed a notable hike while that of potato and onion declined last week. On the other hand, rice, edible oil and sugar prices remained static maintaini...

Gazipur, Narayanganj transport plans on the anvil

Gazipur, Narayanganj transport plans on the anvil

MUNIMA SULTANA 2021-02-19 09:03:28

A move has been made to frame transport plans for Narayanganj and Gazipur cities too to cope with traffic growth, coupled with increased economic activity. Earlier, similar strategies were taken in a...

Bangla SMS cost to be halved from Feb 21

Bangla SMS cost to be halved from Feb 21

FE Report 2021-02-19 08:53:14

Sending SMS in Bangla from now will cost half of the price of English from February, 21. Bangladesh Telecommunication Regulatory Commission (BTRC) will inaugurate the service on February 21 on the oc...

Speakers stress exploring more overseas jobs for women

Speakers stress exploring more overseas jobs for women

FE ONLINE DESK 2021-02-18 19:36:11

Speakers at a webinar have suggested the authorities concerned to put stress on creating more overseas employment opportunities for women as job scope in readymade garment sector declined at this mome...

DCCI makes 25 recommendations ahead of next industrial policy

DCCI makes 25 recommendations ahead of next industrial policy

FE ONLINE DESK 2021-02-18 14:17:12

Dhaka Chamber of Commerce & Industry (DCCI) has placed a total of 25 recommendations before the Ministry of Industries for the government to consider those while drafting the Industrial Policy 202...

Bitcoin surges to new highs, sustainability questioned

Bitcoin surges to new highs, sustainability questioned

-- 2021-02-18 14:06:56

Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated...

Tesla lowers prices of base variants of Model 3, Model Y

Tesla lowers prices of base variants of Model 3, Model Y

Reuters 2021-02-18 13:54:59

Tesla has reduced the price of its cheaper variants of the Model 3 sedan and the Model Y sports utility vehicle (SUV), while raising prices for their performance variants, the electric-car maker&rsquo...

Bharti Airtel to buy Warburg Pincus stake in DTH business for $430m

Bharti Airtel to buy Warburg Pincus stake in DTH business for $430m

-- 2021-02-18 13:53:38

Indian telecom operator Bharti Airtel Ltd said on Wednesday it will buy US private equity firm Warburg Pincus’ 20 per cent stake in its direct-to-home television arm for 31.26 billion rupees ($4...

India to work with US on new trade package

India to work with US on new trade package

-- 2021-02-18 13:18:50

Indian Commerce Minister Piyush Goyal said on Wednesday he will engage with the new US Trade Representative’s office on a trade deal after a previous attempt to seal a limited accord failed. Ne...

Plus500 mulls US expansion after record year

Plus500 mulls US expansion after record year

-- 2021-02-18 12:43:43

London-listed online trading platform Plus500 plans to venture into North America after a surge in profits for 2020 as company benefited from a boom in small-time traders making big bets on financial...

Amazon documents reveal secret strategy to dodge India regulators

Amazon documents reveal secret strategy to dodge India regulators

Reuters 2021-02-18 11:13:26

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to US President Barack Obama, Carney was scheduled to talk with Ind...

Cash incentives to fisheries, livestock farmers launched

Cash incentives to fisheries, livestock farmers launched

FE REPORT 2021-02-18 10:43:38

The government on Wednesday launched the disbursement of cash incentives to the fisheries and livestock sector farmers who had incurred financial losses due to the Covid-19 pandemic. Over 0.48 millio...

Realtors want building heights to be set by multiparty stakeholders

Realtors want building heights to be set by multiparty stakeholders

FE REPORT 2021-02-18 10:42:00

Real Estate and Housing Association of Bangladesh (REHAB) and Bangladesh Land Developers Association (BLDA) Wednesday demanded that the building heights should be fixed by Civil Aviation Authority of...

Trade disputes need faster resolution

Trade disputes need faster resolution

FE REPORT 2021-02-18 10:36:12

Commercial disputes need to be settled within the shortest possible time for an enabling business environment in Bangladesh, speakers told a webinar. It is also essential to improve the country's s...

Dhaka's metro rail partially opens on December 16

Dhaka's metro rail partially opens on December 16

FHM HUMAYAN KABIR 2021-02-18 09:24:05

The government will open the Uttara-Agargaon section of the metro rail line-06 to the public on December 16. The inauguration has been timed to coincide with the golden jubilee of Bangladesh's indepe...

NBR at loggerheads with Deshbandhu over payment of import taxes

NBR at loggerheads with Deshbandhu over payment of import taxes

DOULOT AKTER MALA 2021-02-18 09:04:26

The customs authority and Deshbandhu Sugar Mills Limited (DSML) are at loggerheads over payment of import taxes on the essential commodity. DSML has alleged that the fiscal measure on import of raw s...

Central bank asks non-bank financial institutions to improve governance

Central bank asks non-bank financial institutions to improve governance

SIDDIQUE ISLAM 2021-02-18 08:50:11

The central bank has asked the top executives of the non-bank financial institutions (NBFIs) to play a strong role for averting irregularities in the sector, officials said on Wednesday. The instruct...

Spot LNG purchase from 'tainted' Singapore company approved

Spot LNG purchase from 'tainted' Singapore company approved

FE REPORT 2021-02-18 08:18:26

The government on Wednesday approved the import of 6.720 million British thermal units (MMBTu) of liquefied natural gas (LNG) from a Singapore-based company having a questionable track record. The co...

Bose products now available on Evaly

Bose products now available on Evaly

FE Online Desk 2021-02-17 21:41:45

  Dhaka: Bose, an American manufacturing company that sells audio equipment, will offer a variety of sound system products at Evaly.com.bd. These products can be purchased from the virtual shop...

Arifin Shuvo becomes brand ambassador of Himalaya Men

Arifin Shuvo becomes brand ambassador of Himalaya Men

-- 2021-02-17 18:38:22

Personal care brand Himalaya has announced model-turned-actor Arefin Shuvo as the brand ambassador for its men’s facewash range in Bangladesh. The well-acclaimed Bangladeshi actor signed a deal...

10 to 15 British companies will set up businesses in Bangladesh, envoy says

10 to 15 British companies will set up businesses in Bangladesh, envoy says

FE ONLINE REPORT 2021-02-17 18:19:17

British High Commissioner in Dhaka Robert Chatterton Dickson has said at least 10 to 15 British companies will set up their businesses in Bangladesh by three to four years. Describing Bangladesh as a...