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The Financial Express

Search results for: Trade

TCB selling onion at Tk 23 per kg through e-commerce companies

TCB selling onion at Tk 23 per kg through e-commerce companies

-- 2020-12-13 16:29:07

The people are heaving a sigh of relief as the price of onion has fallen as the Trading Corporation of Bangladesh (TCB) is offering the item at Tk 23 per kg through e-commerce companies. Consumers ca...

$39b deal for AstraZeneca's takeover of Alexion to expand in immunology

$39b deal for AstraZeneca's takeover of Alexion to expand in immunology

-- 2020-12-13 10:51:57

Britain’s AstraZeneca has agreed to buy US drugmaker Alexion Pharmaceuticals for $39 billion in its largest ever deal, diversifying away from its fast-growing cancer business in a bet on rare-di...

Investing in workers' skill development key to boosting growth

Investing in workers' skill development key to boosting growth

FE REPORT 2020-12-13 10:14:15

Speakers at a programme on Saturday stressed the need for skills development of the existing workforce and making popular the technical and vocational education as the key measures to accelerate the c...

Minister Munshi promises apparel businesses more stimulus if needed

Minister Munshi promises apparel businesses more stimulus if needed

FE REPORT 2020-12-13 09:51:02

Commerce minister Tipu Munshi on Saturday said the government would consider providing the second stimulus package for businesses, especially for the apparel sector, if the situation demands. "It dep...

UNCTAD’s 15th quadrennial conference postponed amid Covid-19 rebound

UNCTAD’s 15th quadrennial conference postponed amid Covid-19 rebound

FE Online Desk 2020-12-12 16:01:53

UNCTAD’s 15th quadrennial ministerial conference (UNCTAD15) has been postponed to later in 2021. The conference will now take place in Bridgetown, Barbados from Sunday, 3 October through to Fri...

Bangladesh, India can offer tough race for other competitors in global textile business, Shahriar says

Bangladesh, India can offer tough race for other competitors in global textile business, Shahriar says

-- 2020-12-12 15:06:43

State Minister for Foreign Affairs M Shahriar Alam on Saturday said Bangladesh and India can offer a tough race for other competitors in global textile business considering India as one of the top cot...

Bangladesh Bank, Dhaka Bank ink deal for RMG sector development

Bangladesh Bank, Dhaka Bank ink deal for RMG sector development

FE ONLINE DESK 2020-12-12 14:02:05

Bangladesh Bank and Dhaka Bank Limited have signed an agreement to support Safety, Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garment (RMG) sector Project (SREUP). They sign...

Matchmaking between Bangladeshi and Filipino businesses emphasised for enhancing trade, investment

Matchmaking between Bangladeshi and Filipino businesses emphasised for enhancing trade, investment

FE ONLINE REPORT 2020-12-12 12:25:20

Business leaders and officials of Bangladesh and the Philippines have said Dhaka and Manila have enormous potential to increase bilateral trade and investment, as they recommend widening cooperation b...

Migrant returnees hardly know about skills certification

Migrant returnees hardly know about skills certification

ARAFAT ARA 2020-12-12 11:07:01

The government's ongoing skills certification programme-Recognition of Prior Learning (RPL)-is hardly getting any response from the returned migrant workers for factors like a lack of publicity. On t...

Revenue board urged to slash VAT, corporate tax rates

Revenue board urged to slash VAT, corporate tax rates

FE REPORT 2020-12-12 10:49:18

The National Board of Revenue (NBR) has honoured nine top VAT-paying companies on the occasion of the National VAT Day and VAT Week-2020. The companies are Popular Pharmaceuticals, Berger Paints Ba...

Insurance regulator to formulate guidelines next year for market expansion

Insurance regulator to formulate guidelines next year for market expansion

Ismail Hossain 2020-12-12 10:26:27

The country's insurance regulator will come up with its guidelines next year, paving the way for expanding the insurance market through banking channels, according to industry insiders. Insurance Dev...

Tax evasion by Dhaka, Chattogram businesses too high: Survey

Tax evasion by Dhaka, Chattogram businesses too high: Survey

DOULOT AKTER MALA 2020-12-12 09:29:54

A tax intelligence team has found that the vast majority of the businesses in Dhaka and Chattogram non-compliant in the matters of VAT (value added tax) payment. According to a survey conducted by th...

Walton washing machines now come with 12-year warranty

Walton washing machines now come with 12-year warranty

-- 2020-12-11 15:48:56

Country’s leading electronics company Walton has declared 12-year warranty on the major part (motor) of its inverter technology washing machines, both top and front-loading variants.  It a...

Advanced Police Town flats up for sale on Evaly

Advanced Police Town flats up for sale on Evaly

-- 2020-12-11 15:26:33

Under-construction flats in Advanced Police Town can be bought on the e-commerce marketplace Evaly.com.bd.  Advanced Development Technologies Ltd (ADTL), one of the country's leading real estate...

Bangladesh urges UN to delineate outer continental shelf

Bangladesh urges UN to delineate outer continental shelf

-- 2020-12-11 11:18:06

Bangladesh has called upon the United Nations to delineate outer limit of Bangladesh's continental shelf that would unleash new opportunities in the county's pursuit of 'blue economy", reports BSS. "...

Vegetable prices fall finally, amid supply surge

Vegetable prices fall finally, amid supply surge

FE REPORT 2020-12-11 10:58:22

Most of the winter vegetable prices declined notably last week giving consumers some relief thanks to surge in supply in recent days. Prices of most of the seasonal vegetables, leafy, early harvested...

Women migrants send home 90pc of their earnings: Report

Women migrants send home 90pc of their earnings: Report

FE Report 2020-12-11 10:32:09

Women migrant workers send home maximum amount of their earnings even though their income is lower than that of male migrant workers, power-point presentation showed at a consultation. It also reveal...

Covid-hit workers may miss cash aid as trade bodies yet to submit lists

Covid-hit workers may miss cash aid as trade bodies yet to submit lists

MONIRA MUNNI 2020-12-11 09:01:23

Stakeholders of the export-oriented readymade garment (RMG), leather and footwear sectors missed the deadline for providing the lists of their jobless workers, which might deprive many of the benefici...

EU, Germany to provide €113m for Bangladeshi export industry workers

EU, Germany to provide €113m for Bangladeshi export industry workers

FE Online Report 2020-12-10 16:59:40

The European Union (EU) and Germany have rendered their supports to the Government of Bangladesh aimed at safeguarding the livelihoods of vulnerable workers of garment and leather export-oriented indu...

Emirates receives delivery of another Airbus A380

Emirates receives delivery of another Airbus A380

FE Online Desk 2020-12-10 14:44:57

Emirates has received MSN A6-EVL, its 116th A380 as the first of three A380 double deckers to join its fleet in 2020. The aircraft arrived in Dubai on December 5, powered by a blend of conventional j...

BTRC to provide license for manufacturing telecom service equipment

BTRC to provide license for manufacturing telecom service equipment

FE REPORT 2020-12-10 10:58:35

The country's telecommunication regulator has taken a move to bring local assembling and manufacturing of telecommunication service related equipment other than mobile handsets under its licensing a...

Indian firm plans drilling in two offshore wells from Oct 2021

Indian firm plans drilling in two offshore wells from Oct 2021

M AZIZUR RAHMAN 2020-12-10 09:52:05

Indian ONGC Videsh Ltd has planned to drill two exploratory wells in two separate offshore blocks in the next drilling season starting from October 2021. It is preparing to drill the wells - Titly...

VAT Online Project extended by six more months despite complaints

VAT Online Project extended by six more months despite complaints

FE REPORT 2020-12-10 08:49:19

The tenure of VAT Online Project (VOP) has been extended by another six months as the majority of its work remained unimplemented, the revenue board chief said on Wednesday. The project of the Nation...

HSBC launches second edition of business excellence awards

HSBC launches second edition of business excellence awards

-- 2020-12-09 18:30:07

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has launched the second edition of the ‘HSBC Business Excellence Awards’. The programme aims to recognise and ho...

Govt to import another 50,000 tonnes of rice from Indian supplier

Govt to import another 50,000 tonnes of rice from Indian supplier

-- 2020-12-09 17:42:21

The government has approved a proposal to import another 50,000 tonnes of non-basmati parboiled rice from an Indian supplier. Additional Cabinet Secretary Abu Saleh Mostafa Kamal announced the purcha...

55 MW wind power plant gets cabinet body’s approval

55 MW wind power plant gets cabinet body’s approval

-- 2020-12-09 16:44:11

The Cabinet Committee on Public Purchase on Wednesday approved the proposal of a Chinese-Bangladeshi consortium to set up a 55 MW wind power plant on build-own-operate basis at Mongla in Bagerhat, rep...

Commerce Minister urges businesses to take opportunity of PIFIC to boost export

Commerce Minister urges businesses to take opportunity of PIFIC to boost export

-- 2020-12-09 14:36:27

Commerce Minister Tipu Munshi on Wednesday called upon the country's businesses to take opportunities of the Public investment Facility for Infrastructure Constraints (PIFIC) to increase the export vo...

Safer use of biotech emphasised to double crop production by 2030

Safer use of biotech emphasised to double crop production by 2030

FE REPORT 2020-12-09 10:50:53

Experts during a virtual workshop on Tuesday emphasised safer use of biotechnology to double the crop production within 2030 in order to achieve a sustainable development goal (SDG). They also sought...

Government reappoints Dr Zaid Bakht as Agrani Bank chairman

Government reappoints Dr Zaid Bakht as Agrani Bank chairman

FE Online Report 2020-12-09 10:49:47

The government has re-appointed Dr Zaid Bakht as chairman at the state-owned Agrani Bank for the next three years. His appointment as chairman of the bank has been made for the third time in a row s...

All 25 state-owned jute mills closed, govt to procure bags from private sources

All 25 state-owned jute mills closed, govt to procure bags from private sources

FE Report 2020-12-09 08:48:07

The government will procure 50 per cent of its required jute bags for packaging food grains and fertiliser from private jute millers. Remaining 50 per cent will be purchased from private sources, a...