Search results for: Trade

Telecom companies urge tax cut for affordable internet

FE REPORT 2020-11-23 10:18:05

Chief executive officers (CEOs) of the country's telecom operator companies have urged the government to cut corporate income tax so that the industry can provide internet access to common people at a...

Proposal to reduce 'tax burden on vulnerable companies' rejected

DOULOT AKTER MALA 2020-11-23 09:47:01

The revenue board has dismissed a number of proposals from the Bangladesh Investment Development Authority (BIDA) that the latter feels would help ease doing business in the country. In one proposa...

British Airways seeks clearance to resume Dhaka-London flights after 11 years

-- 2020-11-22 21:19:02

British Airways has applied for permission from the Civil Aviation Authority of Bangladesh (CAAB) to resume direct flights on the Dhaka-London route after 11 years. Md Mohibul Haque, the secretary of...

LankaBangla Finance Limited and Nagad become partners

-- 2020-11-22 20:37:02

LankaBangla Finance Limited and Nagad signed a corporate agreement recently in a city hotel, says a press release. Nagad is the digital financial arm of the Bangladesh Post Office. Under this a...

HSBC appoints Kevin Green as country head of Wholesale Banking, Bangladesh

-- 2020-11-22 18:09:33

Kevin Green has been appointed country head of Wholesale Banking, HSBC Bangladesh effective from November 15, 2020, says  a press release. Kevin will focus on enhancing the client experience and...

Star Kabab dishes now available through e-food

-- 2020-11-22 17:59:55

Dishes of Star Kabab and Restaurant, one of the most favoruite names for food lovers, will be available at e-food. Due to this tie up, customers can order Star Kabab's food online and taste it at hom...

Uber launches 24x7 safety helpline in Bangladesh

FE ONLINE DESK 2020-11-22 13:13:09

Uber has launched a 24x7 safety helpline in Bangladesh bringing a new feature where riders can straight call up the Uber safety team in case of any risk or driver or co-passenger related issues. The...

Guardian Life Insurance signs agreement with Rural Development Academy

FE Online Desk 2020-11-22 13:05:07

Guardian Life Insurance Ltd and Rural Development Academy (RDA) Bogura have recently signed a group insurance agreement. Under the agreement, all the employees of Rural Development Academy (RDA) Bogu...

Tax evasion by MNCs, individuals high in Bangladesh: TJN

FE REPORT 2020-11-22 11:06:33

The tax abuse by multinational corporations (MNCs) and private individuals in Bangladesh is equivalent to at least three-fifths of the country's health budget, according to an estimate by Tax Justice...

Mobile phone handsets assembled in Bangladesh grab 60pc market share

JASIM UDDIN HAROON and SAIF UDDIN 2020-11-22 10:49:01

Some 10 telecom vendors have set up plants in Bangladesh considering the size of market and increasing purchasing power of the population. The emergence of tech firms in just three years since 2017 n...

'Youths need to be groomed with modern tech skills'

FE REPORT 2020-11-22 10:30:22

A panel of experts during a webinar on Saturday called for training the nation's youth with future technology-based skills to handle the post-pandemic economy. They also called for reskilling the wor...

Powerful syndicate active in smuggling thru Benapole landport

OUR CORRESPONDENT 2020-11-22 10:14:56

A powerful smuggling syndicate has become active around the country's largest land port, Benapole. Various smuggling goods are being brought to Bangladesh using Indian trucks. According to local tra...

ILO gives Dhaka time until March to comply with three core conventions

Monira Munni 2020-11-22 09:56:23

International Labour Organization (ILO) has deferred until next March its decision about taking further action against Bangladesh's non-observance of three core conventions, sources said. It also urg...

Traders dump rotten onions in Khatunganj amid price spiral at retail level

-- 2020-11-21 21:44:35

Warehouse owners and traders of Khatunganj were seen dumping hundreds of sacks of rotten onions in what is the country's biggest wholesale market for commodities, but the prices of the spicy bulb rema...

Bangladesh Bank issues less fixed income securities in Q1

FE Online Report 2020-11-21 15:01:15

Bangladesh Bank, on behalf of the government, issued lower amount of tradable fixed income securities in the first quarter of the current fiscal year (FY21) when compared with the same period of the p...

Microcredit operators demand withdrawal of fees on incomes

ISMAIL HOSSAIN 2020-11-21 10:04:12

Country's microfinance institutions (MFIs) have demanded the withdrawal of annual fees charged by the Microcredit Regulatory Authority (MRA). In a recent letter, Credit and Development Forum (CDF), a...

ACC wants to see if ill-gotten money invested in insurance sector

SYFUL ISLAM 2020-11-21 09:58:20

Fearing large investment of illegally earned money in the insurance sector, the anti-graft watchdog has sought detailed information on depositors/investors and sources of their funds. The Anti-Corr...

Tea production declines in Chattogram zone

NAZIMUDDIN SHYAMOL 2020-11-21 09:54:20

CHATTOGRAM: The production of tea for January to October period in Chattogram zone has decreased this year compared to the same period of the last year. Lack of irrigation, sunshine and corona outbre...

Lower prices offered to farmers failing official Aman rice procurement drive

YASIR WARDAD 2020-11-21 09:47:01

The government's rice procurement drive during this year's Aman season is facing hurdles because of the mismatch between the ruling market prices and that fixed by the government of both rice and padd...

Romania opens door to skilled Bangladeshi workers

ARAFAT ARA 2020-11-21 09:42:55

Bangladesh is going to send manpower to Romania soon, creating an opportunity for overseas jobseekers to find jobs in the European country, officials said. Romania is a country located at the crossro...

Walton recognised as Superbrands

-- 2020-11-20 18:53:27

Superbrands Bangladesh has honoured Walton, country’s leading electronics company, as one of the most prestigious brands for 2020-21. Sajib Mahbub, general manager and executive editor of Bangl...

RMG sector women hit hard by COVID-19

-- 2020-11-20 16:38:07

The impact of COVID-19 on women in the readymade garment (RMG) has worsened owing to discrimination, harassment, inadequately represented voice, wage gaps, and unevenly shared unpaid care and family o...

Pharma companies want exemption from import duties

REZAUL KARIM 2020-11-20 10:11:25

Country's drugmakers have sought an exemption from all sorts of related duties and taxes on import of plastic items used in packaging exportable drugs, officials and industry insiders said. Currently...

Onion prices come down, thanks to ample supply, imports

FE Report 2020-11-20 10:10:29

Onion prices declined further in the city markets last week thanks to optimum import as well as local supply of the spice. Big traders in Dhaka, Faridpur, Rajbari, Pabna and Natore are also releasing...

BBA board rejects proposal to raise toll at two bridges

FE REPORT 2020-11-20 10:02:59

Board members of the Bangladesh Bridges Authority (BBA) have rejected a proposal of toll hike at two major bridges amid the pandemic-hit current economic state. Sources said all 13 board members, inc...

Fate of coal power plants hinges upon PM Hasina's decision

M AZIZUR RAHMAN 2020-11-20 09:55:46

The Power Division will soon seek suggestions from the Prime Minister about the fate of under-construction and proposed coal-fired power plant projects. The division under the Ministry of Power, Ener...

Ranks Petroleum Limited introduces two new variants of Shell Advance Fully Synthetic Engine Oil

-- 2020-11-19 21:00:42

Ranks Petroleum Limited, macro distributor of lubricant supplier Shell has launched two new fully synthetic engine oils in Bangladesh for two-wheeler segment, says a press release. Shell Advance Long...

Indian regulator demands $8.4b from Sahara in Supreme Court petition

-- 2020-11-19 18:29:36

India's market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit 626 billion rupees ($8.4 bi...

Hong Kong, Zurich, Paris now world’s most expensive cities

-- 2020-11-19 18:17:23

The world’s three most expensive cities are now Hong Kong, Zurich and Paris, according to a new cost of living report. Singapore and Osaka, which were equal first with Hong Kong last year, have...

Truck Lagbe launches new version of app

FE ONLINE DESK 2020-11-19 16:01:35

Truck Lagbe, an online app-based truck rental service provider, has launched a newer version of its app released on Google Play Store aiming to deliver smart solution. The new version of the app is f...