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The Financial Express

Search results for: Trade

China asks Bangladesh to punish firms that exported crab, eel thru forgery

China asks Bangladesh to punish firms that exported crab, eel thru forgery

FE REPORT 2020-10-16 14:02:49

The Bangladesh mission in Beijing has recommended that Bangladeshi exporters need to be more cautious about standards for exporting live crab and eel to ensure uninterrupted supply of aquatic products...

Bangladesh internet users double in five years

Bangladesh internet users double in five years

FE ONLINE REPORT 2020-10-16 13:42:03

The total number of internet subscribers in Bangladesh doubled in the last five years thanks to the government’s commitment and push to digitise the country. Bangladesh Telecommunication Regula...

NBR makes claiming rebate on service VAT easier

NBR makes claiming rebate on service VAT easier

FE REPORT 2020-10-16 12:05:14

The National Board of Revenue (NBR) has exempted the service sector from giving declaration their procurement to claim VAT rebate. The VAT policy wing of the board issued a clarification on Thursday...

Oil prices slide on Covid-19 resurgence, strong dollar

Oil prices slide on Covid-19 resurgence, strong dollar

-- 2020-10-16 12:00:12

Oil prices slid on Friday dragged down by concerns that a spike in coronavirus (COVID-19) cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel-consuming...

BGMEA restricts visits to its offices

BGMEA restricts visits to its offices

FE REPORT 2020-10-16 09:54:09

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has restricted the movement of people in its Dhaka and Chattogram offices due to the spread of Covid-19. The apex trade body of...

Bangladeshi businesswomen asked to digitise firms

Bangladeshi businesswomen asked to digitise firms

FE REPORT 2020-10-16 09:45:41

Planning minister MA Mannan has called upon women entrepreneurs to be involved in diversified businesses with innovative ideas utilising digital infrastructure. The minister made the call while virtu...

Robi reaches 50m subscriber base

Robi reaches 50m subscriber base

FE REPORT 2020-10-16 09:43:16

The country's second-largest telecom and digital service provider Robi has reached a milestone of 50-million subscriber base. Robi's subscriber base swelled up quickly as the corona situation has eas...

Govt plans to ban potato export

Govt plans to ban potato export

SYFUL ISLAM 2020-10-16 09:31:51

Amid massive uproar over skyrocketing potato price, the government is planning to suspend export of the key vegetable item for the time being to contain its price spiral, officials have said. "Unle...

Beximco Pharma wins CPhI Pharma Awards 2020

Beximco Pharma wins CPhI Pharma Awards 2020

FE Online Desk 2020-10-15 21:18:11

 Beximco Pharmaceutical Ltd. has been awarded the prestigious CPhl Pharma Award in the category ‘Innovation in Response to COVID-19’. The other finalists in this category include wor...

First ‘Made in Bangladesh’ car to be rolled out next year

First ‘Made in Bangladesh’ car to be rolled out next year

-- 2020-10-15 20:17:33

Dhaka will roll out its first 'Made in Bangladesh' cars next year, the country's Industries Minister Nurul Majid Mahmud Humayun has said. "The Automobile Industry Development Policy 2020 will be fina...

Bangladeshi lingerie company to invest $25m in Chattogram EPZ

Bangladeshi lingerie company to invest $25m in Chattogram EPZ

-- 2020-10-15 19:20:01

M/s Z&Z Lingerie Limited, a Bangladeshi company, is going to establish an intimate garments manufacturing industry in Chattogram Export Processing Zone with an investment of US$ 25 million. The c...

Digitisation spurs Agrani Bank's business growth

Digitisation spurs Agrani Bank's business growth

JASIM UDDIN HAROON 2020-10-15 17:35:32

Agrani Bank has topped in deposit growth among its peer state-owned banks in 2019 mainly due to improvement in its client services. Its deposit growth surged to a new high at 11.3 per cent in 2019, w...

Wells Fargo fires over 100 staffers for abuse of Covid relief fund

Wells Fargo fires over 100 staffers for abuse of Covid relief fund

Reuters 2020-10-15 13:16:24

Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar with the matter. The US banking giant be...

Nearly 200,000 Bangladeshi expat workers return home in six months

Nearly 200,000 Bangladeshi expat workers return home in six months

FE REPORT 2020-10-15 10:19:09

Arrival of expatriate migrant workers to the country continues unabated due to the Covid-19 pandemic impact. Nearly 200,000 workers returned home from 29 countries during the last six months. The ha...

Mayor dreams of a river port in Rajshahi

Mayor dreams of a river port in Rajshahi

Our Correspondent 2020-10-15 10:06:39

RAJSHAHI, Oct 14: An international river port will be built in Rajshahi by dredging the river Padma to boost trade and investment in the region. Rajshahi City Corporation (RCC) Mayor AHM Khairuzzam...

India's new customs rules may toughen tariff preferences, fear Bangladesh stakeholders

India's new customs rules may toughen tariff preferences, fear Bangladesh stakeholders

SYFUL ISLAM 2020-10-15 09:25:39

The Indian Customs Rules-2020 is likely to make tariff preference in its market toughest for anyone, fear Bangladeshi trade officials and experts. The rules, issued by revenue department and that too...

Razzaque suggests producing onion in summer for self-sufficiency

Razzaque suggests producing onion in summer for self-sufficiency

-- 2020-10-14 21:34:43

Agriculture Minister Dr Md Abdur Razzaque has suggested producing onion in summer season for achieving self-sufficiency in onion production. He also directed the researchers, scientists and officials...

Govt fixes retail price of potato at Tk 30 a kg

Govt fixes retail price of potato at Tk 30 a kg

-- 2020-10-14 17:36:53

The government has fixed the maximum retail price of potato at Tk 30 a kilogram to keep the carbohydrate-rich vegetable within the reach of the commoners. The Department of Agricultural Marketing (DA...

Vitol, AOT keen to deliver second spot LNG cargo to Bangladesh

Vitol, AOT keen to deliver second spot LNG cargo to Bangladesh

FE Online Report 2020-10-14 15:59:07

Two global firms – Vitol Asia and AOT Trading AG of Switzerland – are keen to deliver the second LNG cargo to Bangladesh with fuel from international spot markets. State-run Rupantarita P...

Nearly nine out of 10 workers want to keep work-from-home option, survey shows

Nearly nine out of 10 workers want to keep work-from-home option, survey shows

-- 2020-10-14 14:39:16

Nearly nine out of 10 workers want to be able to choose whether to work from home or the office once Covid-19 workplace restrictions ease, and have greater autonomy over their hours, according to rese...

Construction of Ctg elevated expressway in full swing

Construction of Ctg elevated expressway in full swing

OUR CORRESPONDENT 2020-10-14 10:10:57

CHATTOGRAM: The construction work of Elevated Expressway from Lalkhan Bazar to Shah Amanat International Airport is continuing in full swing as the project has been set on fast track after the Local G...

NBR sues Adcomm for tax evasion

NBR sues Adcomm for tax evasion

FE REPORT 2020-10-14 09:59:41

The VAT intelligence wing has filed a case against advertising firm Adcomm Limited for allegedly evading taxes worth Tk 57.6 million. In an investigation, the VAT audit, inspection and intelligence d...

Reconditioned car sales in Bangladesh market drop 60pc

Reconditioned car sales in Bangladesh market drop 60pc

ADNAN HOSSAIN BHUIYAN 2020-10-14 09:37:34

The sales of reconditioned cars in the country slumped by over 60 per cent during the Covid-19 pandemic, sector insiders have said. They said the sector is also suffering from business losses due to...

OPEC again cuts 2021 oil demand forecast as virus cases surge

OPEC again cuts 2021 oil demand forecast as virus cases surge

-- 2020-10-13 19:11:03

World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market...

Pandemic could delay energy demand recovery to 2025: IEA

Pandemic could delay energy demand recovery to 2025: IEA

-- 2020-10-13 17:23:48

A slow economic recovery from the coronavirus pandemic threatens to delay a full rebound in world energy demand to 2025, the International Energy Agency said on Tuesday. In its central scenario, a va...

JETRO country representative meets BEPZA chairman

JETRO country representative meets BEPZA chairman

-- 2020-10-13 17:06:01

The Country Representative of Japan External Trade Organization (JETRO) Yuji Ando met Major General SM Salahuddin Islam, executive chairman of BEPZA at the latter’s office on Tuesday, says a pre...

Emirates partners with Int’l Human City for rapid deployment of humanitarian aid

Emirates partners with Int’l Human City for rapid deployment of humanitarian aid

-- 2020-10-13 13:11:53

Emirates SkyCargo, the freight division of Emirates and International Humanitarian City (IHC), the world’s largest hub for humanitarian aid, have signed a Memorandum of Understanding (MoU) to co...

Potato prices shoot up

Potato prices shoot up

FE Online Report 2020-10-12 16:44:11

The prices of potato have shot up to Tk 50-55 a kg, adding woes to the consumers who are battered with rocketing trend of other essentials. Stored potato of diamond and cardinal varieties were sold a...

BGMEA warns members of possible second wave of Covid-19

BGMEA warns members of possible second wave of Covid-19

MONIRA MUNNI 2020-10-12 10:12:01

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has warned its member factories of possible deterioration of the coronavirus outbreak situation in the upcoming winter season, so...

IDRA to cut life ins cos' lapsed policies

IDRA to cut life ins cos' lapsed policies

FE REPORT 2020-10-12 10:09:28

The Insurance Development and Regulatory Authority (IDRA) has issued a circular with the aim of reducing the number of lapsed policies of the life insurance companies. A policy for which all benefits...