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Search results for: Trade

Banks asked to open LC for Ramadan imports

Banks asked to open LC for Ramadan imports

-- 2022-12-11 19:02:06

Bangladesh Bank (BB) has asked banks to open letters of credit (LC) for importing essential commodities to ensure stable supply in Ramadan at a minimum margin. The banking regulation and policy depar...

Air India nears historic order for up to 500 jets

Air India nears historic order for up to 500 jets

-- 2022-12-11 18:21:51

Air India is close to placing historic orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious revival under the Tata Group cong...

17th AGM of Bangladesh Dyed Yarn Exporters’ Association held

17th AGM of Bangladesh Dyed Yarn Exporters’ Association held

FE ONLINE DESK 2022-12-11 14:32:46

The 17th Annual General Meeting (AGM) of Bangladesh Dyed Yarn Exporters’ Association (BDYEA) was held at The Westin Dhaka on Saturday. Mr Salahuddin Algamgir, CIP, president of Bangladesh Dyed...

Sign FTA with Korea for post-graduation gain, BD mission tells govt

Sign FTA with Korea for post-graduation gain, BD mission tells govt

FE REPORT 2022-12-11 08:51:06

The government has been exhorted to consider a comprehensive free trade agreement (FTA) or a preferential trade agreement (PTA) with South Korea aiming to ensure trade benefit after graduation. The B...

Steps to cut taxes for industrial growth

Steps to cut taxes for industrial growth

FE REPORT 2022-12-11 08:45:17

The revenue authority would take steps carefully to reduce tax rates to facilitate industrial growth in Bangladesh, alongside increasing collection for development financing. Also, the revenue boar...

Ten youngsters receive JCI TOYP award

Ten youngsters receive JCI TOYP award

FE ONLINE REPORT 2022-12-10 20:02:00

Junior Chamber International (JCI) Bangladesh has honoured ten youngsters with ‘JCI Ten Outstanding Young Persons (JCI TOYP) Award-2022’ in recognition of their outstanding contributions t...

'Review of PPP policies can help improve investment scenario'

'Review of PPP policies can help improve investment scenario'

FE REPORT 2022-12-10 10:07:47

As the country lags behind an average yearly investment need for US$10 billion, stakeholders necessitate the review of screening, selection, implementation and financing modality of the projects under...

Five Islami Shari'ah-based banks borrow Tk 52.50b in 2 days

Five Islami Shari'ah-based banks borrow Tk 52.50b in 2 days

FE REPORT 2022-12-10 10:02:35

Five Islami Shari'ah-based banks borrowed nearly Tk 52.50 billion from the Islami Banks Liquidity Facility (IBLF) in two days after the Bangladesh Bank (BB) opened the liquidity window for such banks....

Govt to give Tk 10b fund to PKB

Govt to give Tk 10b fund to PKB

ARAFAT ARA 2022-12-10 09:22:38

The government has approved a fund of Tk 10.00 billion for Probashi Kallyan Bank (PKB) to meet the present growing demand for its loans among migrant workers. The fund will be given in four installmen...

Weekly Kitchen Market: Sugar market still fickle

Weekly Kitchen Market: Sugar market still fickle

FE REPORT 2022-12-10 09:20:57

Prices of rice, flour and sugar remained much higher last week in Dhaka city, although vegetables, chickens and egg showed a slight decline in value. The sugar market remained volatile as many grocer...

Develop more qualified CAs for business, economic uplift

Develop more qualified CAs for business, economic uplift

FE REPORT 2022-12-10 08:59:47

There is an urgent need to develop more qualified Chartered Accountants (CAs) who will play vital role in uplift of large business entities and thus can help the country achieve its economic goals, sp...

India's transshipment facilities unlikely to benefit BD trade

India's transshipment facilities unlikely to benefit BD trade

REZAUL KARIM 2022-12-10 08:55:44

Bangladesh will hardly derive any benefit from the transshipment facilities by exporting its products through Indian territories to third countries, according to an assessment by the National Board of...

Oil prices slump as receding price-cap threat unmasks worsening demand

Oil prices slump as receding price-cap threat unmasks worsening demand

-- 2022-12-09 16:25:14

Global oil prices have tumbled more than 20 per cent as the threat to production from the G7 Russia price cap has receded allowing traders to refocus on the deteriorating outlook for consumption. Fro...

Exxon, Chevron to spend billions more on oil projects next year

Exxon, Chevron to spend billions more on oil projects next year

-- 2022-12-09 16:08:18

The two largest US oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will b...

Metro rail is ready for commercial operation

Metro rail is ready for commercial operation

FE ONLINE DESK 2022-12-09 12:36:11

The much awaited first ever elevated metro rail is ready for commercial operation between Uttara and Agargaon section this month (December).  "We're ready for commercial operation of t...

EU's gas price cap scheme could backfire, raise volatility: ECB

EU's gas price cap scheme could backfire, raise volatility: ECB

FE ONLINE DESK 2022-12-09 09:32:59

Proposed European Union rules aimed at tempering natural gas price spikes may actually jeopardise financial stability and need to be redesigned, the European Central Bank said on Thursday in a f...

Veon keen on digitising 9,000 post offices

Veon keen on digitising 9,000 post offices

FE REPORT 2022-12-09 09:03:03

The Netherlands-based Veon Group global CEO Kaan Terzioglu expressed his interest to a part of the digitisation of 9,000 post offices in Bangladesh. Banglalink, Veon's concern in Bangladesh, also exp...

Feasibility study on Ctg metro rail soon

Feasibility study on Ctg metro rail soon

FE REPORT 2022-12-09 08:58:55

The first step to embark on a metro rail in the country's second-largest city of Chattogram begins through doing the feasibility of the mass-transit system shortly. On Thursday, the Korea Internati...

Apparel export to US market: Highest ever $8.5b earned in Jan-Oct

Apparel export to US market: Highest ever $8.5b earned in Jan-Oct

MONIRA MUNNI 2022-12-09 08:54:42

Country's apparel exports to its single-largest destination, USA, continued to register growth during the first 10 months of 2022 and reached the highest-ever level of US$8.46 billion. It witnessed...

Tax incentives to industries to continue

Tax incentives to industries to continue

FE REPORT 2022-12-09 08:51:28

Tax incentives to local industries will continue as sudden withdrawal of the waivers may affect their production, government's revenue authority reaffirms in the wake of recent suggestion for a rethin...

Farmers forced to pay high for fertiliser

Farmers forced to pay high for fertiliser

YASIR WARDAD 2022-12-09 08:49:12

Farmers are still farced to pay high for fertiliser buy for market waywardness during this Boro and Rabi season though government authorities claim adequate supply of the vital farm input. The gove...

Superstore sector seeks equal support to flourish

Superstore sector seeks equal support to flourish

MIR MOSTAFIZUR RAHAMAN 2022-12-09 08:47:51

Bangladesh's fledging superstore sector, which holds huge potential to generate employment and strengthen the agro-processing industry, faces multiple hurdles for policy paradoxes, insiders say. Oper...

Govt mulls bonded warehouse facility for leather sector

Govt mulls bonded warehouse facility for leather sector

FE REPORT 2022-12-08 12:46:39

The government is considering setting up a bonded warehouse for the leather sector to help entrepreneurs widen export, commerce minister Tipu Munshi said on Wednesday. "The ministry is considering su...

Home tex exports drop in Jul-Nov

Home tex exports drop in Jul-Nov

MONIRA MUNNI 2022-12-08 12:27:55

Home textile exports declined in the first five months of the current fiscal year (FY), 2022-23, mainly due to a fall-off in orders from global buyers. Exports dropped after continuous growth of over...

TCB to raise sugar, lentil prices each by Tk 5 per kg

TCB to raise sugar, lentil prices each by Tk 5 per kg

FE REPORT 2022-12-08 11:59:19

Amid the price spiral of some key essential items, the Trading Corporation of Bangladesh (TCB) is set to raise sugar and lentil prices again by Tk 5.0 per kg each, under its drive to sell essential go...

Taxpayers get legal backup for using eTDS

Taxpayers get legal backup for using eTDS

FE REPORT 2022-12-08 11:58:36

The National Board of Revenue (NBR) has finally given a legal backup mainly for the corporate taxpayers to make use of the electronic tax deducted at source (eTDS) system and remove online tax-deducti...

Govt eyes first discretionary gas price hike

Govt eyes first discretionary gas price hike

M AZIZUR RAHMAN 2022-12-08 09:49:05

The government envisages first discretionary raise in natural gas tariffs under an amended rule that strips the energy regulator of its authority to hold pre-hike public hearing, sources say. A senio...

Govt extends tax benefit on rice import

Govt extends tax benefit on rice import

FE REPORT 2022-12-08 08:08:23

The government has extended the reduced tax benefit on import of rice until March 31, 2023 to contain its price in the local market. The tax benefit was scheduled to expire on December 31, 2022. Cur...

AIIB confirms $250 million in budgetary support

AIIB confirms $250 million in budgetary support

FE REPORT 2022-12-08 08:07:02

The Asian Infrastructure Investment Bank (AIIB) has emerged as the first budget-support provider to Bangladesh in the current fiscal year as it confirmed US$250 million in fiscal support on Wednesday....

Now NBR to check whether trade body members pay tax

Now NBR to check whether trade body members pay tax

DOULOT AKTER MALA 2022-12-08 08:05:06

Tax profiles of members of Bangladesh's trade bodies, commercial organizations and associations are now under scanner as the revenue authority is checking if they submit tax-payment returns, officials...