Search results for: Trade

Customs to downsize NSW trade clearance

DOULOT AKTER MALA 2022-10-31 09:11:58

A dozen entities may be dropped in trimming the jumbo National Single Window (NSW) mechanism by the revenue authority, but stakeholders feel the desired integrated action for quicker trade clearance m...

Directive for telecom e-waste management gets BTRC nod

FE REPORT 2022-10-31 08:59:25

The Bangladesh Telecommunication Regulatory Commission (BTRC) approved the draft directive for the management and recycling of the telecom-sector e-waste. The telecom regulator gave a nod to the dire...

Bangladesh footwear makers hope to make hay

MONIRA MUNNI 2022-10-31 08:50:03

China's gradual upgrading from synthetic products to high-tech industries opens a fresh window of export opportunities for Bangladesh's footwear sector, say industry people and experts. Once the loca...

Experts favour curbs on CAD, imports to avoid fiscal crisis

FE REPORT 2022-10-31 08:36:57

Bangladesh should make vigorous efforts to contain its current account deficit (CAD), opt for exchange rate unification, and restrain import demand to avoid a potential financial crisis, experts said...

Sylhet-Sharjah direct flight from Tuesday

-- 2022-10-30 17:07:59

Biman Bangladesh Airlines (Biman) is going to launch direct flights from Sylhet to Sharjah, of UAE, from November 1. The BG-251 flight of Biman's Boeing-737 model will leave Sylhet's Osmani Internati...

Saudi co may be picked to operate Patenga Terminal

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-10-30 15:54:54

The Patenga Container Terminal will start its operation in January next following the appointment of an operator by the shipping ministry, which is reportedly carrying out consultation with a Saudi Ar...

HSBC to facilitate statutory payment solution for corporate clients

FE ONLINE DESK 2022-10-30 14:15:57

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh has established a smooth online statutory payment processing solution for VAT (Value added tax), VAT Deduction at Source (VDS), Excise D...

Experts stress role of private sector in SDG implementation

FE ONLINE REPORT 2022-10-30 12:21:36

Speakers at a roundtable meeting on Sunday stressed the need for close participation of the private sector in the process of the SDG implementation in Bangladesh. Addressing the round table as chief...

'Raise export ban on scented rice'

FE REPORT 2022-10-30 10:44:55

Domestic organic manufacturers fear a loss of output capacity of aromatic rice by farmers if the government does not withdraw the export ban on such rice soon. Sources said the Bangladesh Organic Pro...

'Lift tea cess to ensure dev of tea sector'

FE REPORT 2022-10-30 09:21:14

Private tea producers of the country demanded the withdrawal of the tea cess (tax) to ensure overall development of the sector, sources said. Bangladesh Tea Association (BTA), a non-profit organisati...

China likely to get Mongla Port project

MIR MOSTAFIZUR RAHAMAN 2022-10-30 08:44:42

China is likely to get the responsibility of implementation, operation, maintenance and management of the 'Expansion and modernisation of Mongla Port facilities' project - to be implemented with its f...

BB study recommends lifting lending, deposit rate caps

JASIM UDDIN HAROON and JUBAIR HASAN 2022-10-30 08:25:47

A Bangladesh Bank study suggests removal of the interest-rate caps at least in medium-to longer terms to help develop market-based financial sector in the country, at a time when donor pleas are rife...

Chevron plans drilling in Bibiyana’s flanked area in search for gas

-- 2022-10-29 22:20:59

The US giant Chevron is likely to start its two drilling works in April next year to explore more gas in its extended area in the Bibiyana gas field. "We're now mobilising our workforce and equipment...

‘Blaze & Skin’ pulls female visitors at US Trade Show  

FE ONLINE DESK 2022-10-29 19:40:59

The US Trade Show-2022 drew a huge crowd on the second day of the show on Friday at the Pan Pacific Sonargaon Hotel in Dhaka. The three-day event was formally inaugurated on Thursday, according to...

Lack of financing, policy causes of weak startup growth in Bangladesh: speakers

-- 2022-10-29 19:25:15

Speakers at a seminar said startups are doing relatively well but the success rate is not satisfactory due to various problems including regulatory issues like lack of access to finance, age-old valua...

Xiaomi shuts financial services business in India

-- 2022-10-29 17:17:13

Chinese smartphone maker Xiaomi Corp has shut down its financial services business in India, four years after its launch, a Xiaomi India spokesperson said on Friday. "As part of the annual strategic...

UN wants Ukraine, Russia to extend Black Sea grain, fertiliser export deal

FE ONLINE DESK 2022-10-29 13:34:29

The United Nations on Friday urged parties to a UN-brokered deal that allowed a resumption of Ukraine's Black Sea grain exports to renew the pact beyond mid-November, saying it was needed to contr...

Disable SIMs beyond 15 under one NID: BTRC

FE REPORT 2022-10-29 12:33:49

The Bangladesh Telecommunication Regulatory Commission (BTRC) in a public announcement has asked mobile users to deactivate SIMs beyond 15 under one NID card. The telecoms regulator will block the ex...

India extends curbs on sugar exports by a year through Oct 2023

FE ONLINE DESK 2022-10-29 11:12:19

India, the world's biggest sugar producer, has extended restrictions for sugar export by one year through October 2023, the government said in a notification late on Friday. In May, the south A...

GM halts paid advertising on Twitter

-- 2022-10-29 10:34:07

General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was "enga...

Chicken, vegs, sugar get dearer in city markets

FE REPORT 2022-10-29 09:08:29

Retail prices of chickens, vegetables, sugar and flour increased in the city's markets in the last couple of days, causing further troubles for the commoners. Traders attributed the fresh spell of hi...

WB funding Jamuna river basin economic corridor

FHM HUMAYAN KABIR 2022-10-29 08:28:26

A Jamuna River-based economic corridor meant for boosting Bangladesh's economy seems in the offing as the World Bank (WB) agrees to assist the country in implementing the project, which has regional d...

Call money much costlier for liquidity crunch

JASIM UDDIN HAROON 2022-10-29 08:06:00

Overnight cash rates have shot up on Bangladesh's interbank money market largely for expensive dollar buy by banks and cash holdback, amidst the ongoing global crunch. Sources say the bank-to-bank le...

Businessmen urge government not to consider cars as luxury items

-- 2022-10-28 20:48:06

Businessmen have urged the government to keep cars out of the luxury list as cars have appeared as a necessary item in the context of the country's current economic growth. They made the call at the...

Apple earnings rise as economic gloom hits tech

-- 2022-10-28 16:26:13

Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation. The forecast for the ho...

European gas prices to remain high for years to come, says Equinor CEO

-- 2022-10-28 14:30:15

The price of gas in Europe will remain high for years to come following the cuts in deliveries from Russia, the chief executive of Norway's Equinor said on Friday. The company, which has this year ov...

Manpower export services digitised

FE REPORT 2022-10-28 10:09:31

The government has digitised the services related to sending manpower abroad for ensuring transparent and hassle-free facilities to the aspirants. Expatriates' Welfare and Overseas Employment Ministe...

Elon Musk's Twitter ownership begins with firings, uncertainty

FE ONLINE DESK 2022-10-28 09:43:54

Elon Musk became Twitter Inc's new owner on Thursday, firing top executives he had accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outl...

BD awaits Brunei response to request for LNG supply

FE REPORT 2022-10-28 09:20:10

Bangladesh is waiting for a response from Brunei regarding its request to supply liquefied natural gas (LNG) to mitigate the country's ongoing energy crunch. "We have placed our demand … we...

BD's FTA with EU unlikely

FE REPORT 2022-10-28 09:04:53

European Union (EU) Envoy in Bangladesh Charles Whiteley ruled out the possibility of signing a free-trade agreement (FTA) between the bloc and Bangladesh. The EU ambassador also hinted that the tr...