Search results for: Trade

Construction of eight LNG power plants underway

-- 2020-11-15 18:50:49

Constructions of eight Liquefied Natural Gas (LNG) power plants, with a combined generation capacity of 3,471 megawatts (MW), are underway. “The under construction gas/LNG based power plants ha...

India’s rice bran oil imports from Bangladesh set to double in 2020-21

The Economic Times 2020-11-15 18:35:10

India’s rice bran oil imports from Bangladesh are set to double in 2020-21. The imports of such oil from Bangladesh have already hit 60,000 tonnes during the April-October period compared with...

Metrocem Cement holds annual sales conference

-- 2020-11-15 16:54:29

Metrocem Cement Limited arranged "Team Magnificent: Annual Sales Conference 2020" at Emmanuelle's Banquet Hall in the city on Saturday. The motto of the programme was "Let's Make Magic Happen". Md S...

Experts stress need for ADR to resolve LC-related int’l trade disputes

FE ONLINE REPORT 2020-11-15 14:02:04

Experts at a virtual webinar have underlined the need for Alternative Dispute Resolution (ADR) to resolve LC-related international trade disputes. They stressed specifically on the issues and challen...

Backed by China, Asia forms world’s biggest trade bloc excluding US

REUTERS 2020-11-15 12:17:32

Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under Presi...

Inter-ministerial body to recommend measures to address price spiralling

FE REPORT 2020-11-15 10:46:34

The government has formed an inter-ministerial committee, which will recommend the government ways of averting possible price volatility of essential commodities, officials say. Commerce and Agricult...

Fish price hike increases commoners' woes

FE REPORT 2020-11-15 10:36:03

Fish prices increased further last week despite the end of a three-week-long ban on fishing in major sanctuaries in the country earlier this month. The government's 22-day fishing ban in major rivers...

Travel restrictions lead to almost 90pc plunge in tax from tourists

DOULOT AKTER MALA 2020-11-15 10:12:31

Travel tax collections slumped by 89.41 per cent in the first quarter of the current fiscal year because of the coronavirus-induced travel restrictions imposed by most countries around the globe. The...

India lobbying for allowing its companies in Bangladesh bidding

REZAUL KARIM 2020-11-15 09:39:07

India has again pressed Bangladesh for allowing its companies to participate in international tenders floated by the government of Bangladesh, officials said. "The High Commission of India, Dhaka has...

Emphasis on simplified VAT system for better SME business regime

-- 2020-11-14 19:19:49

Speakers at a workshop on Saturday called for simplifying value-added tax (VAT) for the sake of a better business regime for Small and Medium Enterprises (SMEs). The Dhaka Chamber of Commerce & I...

Switzerland to ban deducting bribes from taxes starting in 2022

-- 2020-11-14 16:37:35

Swiss companies will no longer be able to deduct bribes paid to private individuals from their taxes, Switzerland’s government has said, according to an update of tax laws due to take effect on...

Western Union says suspending US money transfers to Cuba in 10 days

-- 2020-11-14 14:59:27

Western Union said on Friday it was suspending US money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans w...

Maize production in Bangladesh rises sharply in last decade

FE ONLINE REPORT 2020-11-14 11:44:36

Bangladesh’s maize production reached 5.4 million metric tonnes showing a sharp rise in the last one decade.   However, the annual demand for maize still stands at 6.5 million to 7.0...

Industries outside economic zones won't be given new gas connections after March

M AZIZUR RAHMAN 2020-11-14 10:50:26

The government will not provide new piped natural gas connections to industries to be located outside the country's designated economic zones, or EZs, after March 2021. The Energy and Mineral Resourc...

China urges Bangladesh to revive jute modernisation project

MIR MOSTAFIZUR RAHAMAN 2020-11-14 10:48:15

China has requested Bangladesh to reconsider its decision on putting off the jute sector modernisation project, which was supposed to be implemented with Chinese funds. But the government has shut...

Ships wait longer at Chittagong port due to berthing delay in Singapore, Colombo

SYFUL ISLAM 2020-11-14 10:23:40

Shippers using the Chittagong port are getting delayed delivery of containers, as the vessels need to wait nearly five days to get berthing. The congestions at the hub ports in Singapore and Colomb...

Covid triggers rise in mobile financial services

FHM Humayan Kabir 2020-11-14 09:51:17

Bangladesh's mobile financial service (MFS) has got a boost as its total transaction volume ballooned more than two and half times in four years, bankers and experts said on Friday. They said the pap...

Drug makers cash in on higher healthcare spending during pandemic

BABUL BARMAN 2020-11-14 09:46:24

Some leading listed pharmaceuticals companies saw a notable rise in their net profits during the third quarter (July-September) of the current calendar year, thanks to higher expenses of people on hea...

LDCs including Bangladesh face big trade slump due to Covid-19: WTO

FE ONLINE REPORT 2020-11-14 09:45:39

The slump in global trade, triggered by the Covid-19 pandemic, hit the least developed countries (LDCs), including Bangladesh, as combined merchandise exports of these countries dropped by 16 per cent...

Walton begins exporting washing machines to India

FE ONLINE DESK 2020-11-13 15:57:32

Walton has begun exporting its ‘Made in Bangladesh’-tagged washing machines to India, according to the Bangladeshi electronics giant. The inauguration ceremony, to this effect, took place...

Commoners suffer as rice, oil, pulse prices rise

FE REPORT 2020-11-13 10:24:06

Staple rice, edible oil, sugar and pulses witnessed fresh hikes last week augmenting woes of the consumers, especially the commoners who had already dug deep into their pockets to meet as increased li...

Covid second wave fear dampens import orders

SIDDIQUE ISLAM 2020-11-13 09:59:51

Bangladesh's import orders dropped by nearly 14 per cent in October as apparel exporters scaled back purchase of textiles products, amid the second wave of coronavirus in America and Europe. Opening...

Daraz sells products worth Tk 85m within first 15 minutes of 11.11 campaign

-- 2020-11-12 21:08:50

Daraz Bangladesh, a concern of Alibaba Group, and a leading e-commerce marketplace in the country is celebrating the Daraz 11.11 Sale for the third time with a huge success. It broke last year's reco...

Group of 165 Google critics calls for swift EU antitrust action

Reuters 2020-11-12 20:39:44

A group of 165 companies and industry bodies have called on EU antitrust enforcers to take a tougher line against Google, saying the US tech giant unfairly favours its own services on its web searches...

Women entrepreneurs assured of support to boost export

-- 2020-11-12 20:18:28

Foreign Minister Dr AK Abdul Momen has assured women entrepreneurs of providing the required support to create more avenues for exporting their products in the global market. He said the Ministry of...

MoU signed between LankaBangla, Miniso  

-- 2020-11-12 18:37:26

LankaBangla Finance Limited (LBFL) recently signed a Memorandum of Understanding (MoU) with Miniso Bangladesh Limited for its customer privilege. Md. Minhaz Uddin, Head of Cards of LBF and Shah Rayee...

Gazipur City Corp, Nagad ink utility bill payment deal

FE Online Desk 2020-11-12 12:23:54

Payment of various utility bills of Gazipur City Corporation (GCC) can now be paid through Nagad, a financial service arm of Bangladesh Postal Department. The dwellers of Gazipur city will enjoy this...

Top adviser backs taxing foreign health spending

FE REPORT 2020-11-12 10:51:48

Economic affairs adviser to the Prime Minister Dr Masihur Rahman on Wednesday said health spending by Bangladeshi nationals abroad should be taxed to develop the country's healthcare facilities. "Had...

Bangladeshi companies to meet 100 Japanese entities

FE DESK 2020-11-12 10:25:39

A business matching meeting began online on Wednesday (November 11) between 24 Bangladeshi companies and interested Japanese investors which will end on November 30. "It is expected that the Banglade...

Crocodile clothing collection now available on Evaly

-- 2020-11-11 20:50:17

Crocodile, a Singapore-based lifestyle brand, and country’s leading e-commerce marketplace evaly.com.bd signed a memorandum of understanding (MoU) in the capital on Wednesday. Under the agreeme...