Search results for: Trade

Tipu Munshi seeks more US investment

-- 2022-10-27 20:52:58

Commerce Minister Tipu Munshi on Thursday urged the United States to invest more in Bangladesh while the country could import more from the South Asian nation. Munshi said Bangladesh has a strong tra...

US Trade Show begins in Dhaka

-- 2022-10-27 20:17:10

A trade show began on Thursday to showcase American products and services with 44 US companies joining the three-day event in the capital, Dhaka. The show is aimed at boosting bilateral trade between...

Banks asked not to transact with Sri Lanka through ACU mechanism

-- 2022-10-27 18:53:38

Bangladesh Bank BB) has asked banks not to do transactions with Sri Lanka through the Asian Clearing Union (ACU) mechanism. "In response to the self-motivated decision by the Central Bank of Sri Lank...

NBR's tax service month kicks off Nov 1

FE REPORT 2022-10-27 12:32:30

The National Board of Revenue (NBR) is going to observe tax service month in a bid to facilitate taxpayers' return submission for the 2022-23 tax year. Each of the income tax zones will provide servi...

Sick non-textile industries to get loans adjusted under exit policy

FE REPORT 2022-10-27 12:14:52

Bangladesh Bank (BB) on Wednesday issued a circular relating to the exit policy applicable for sick non-textile industries identified by the Ministry of Industries. It said such sick industries will...

Supply of goods: Businesses to get relief from deduction of VAT at source

FE REPORT 2022-10-27 12:10:37

Businesses will get relief from tax-on-tax on supply of goods following a change in fiscal measure. Under the order, issued on Wednesday, payment of VAT at ideal rate 15 per cent by a supplier will n...

92.3pc MSMEs fail to recognise major cyber-threats, survey shows

FE REPORT 2022-10-27 12:06:28

Some 92.3 per cent of MSME entrepreneurs were unable to recognise major cyber-threats and identify possible mitigation measures to address those threats, according to a latest survey. Citing ransomwa...

ADB confirms funding for Dhirasram ICD

MUNIMA SULTANA 2022-10-27 11:57:57

The Asian Development Bank (ADB) has confirmed its funding for developing substructure in the Dhirasram Inland Container Depot (ICD) project. This would enable the Bangladesh Railway (BR) to place th...

CSR spending of banks, other FIs double in H1

JUBAIR HASAN 2022-10-27 08:24:57

The spending of the country's scheduled banks and other financial institutions (FIs) in their corporate social responsibility (CSR) programmes has more than doubled in the first half (H1) of this cale...

Supply disruption forewarned amid unabated price spiral

REZAUL KARIM 2022-10-27 08:19:28

Bangladesh Trade and Tariff Commission (BTTC) forewarned further supply disruption of key essential items on the domestic market for factors that include banks' reluctance in opening import LCs. Amon...

Deal on security cooperation, Mecca Road with KSA on cards

Mir Mostafizur Rahaman 2022-10-26 21:06:18

Bangladesh and KSA are going to sign two agreements including security cooperation and the Mecca Road Initiative during the visit of the Saudi deputy interior minister, Dr Nasser bin Abdulaziz Al...

Three companies selling sugar at Tk 95 per kg at some places in Dhaka

-- 2022-10-26 20:45:46

Following a request from the Directorate of National Consumer Rights Protection (DNCRP), three sugar manufacturers and refiners have started selling the commodity at Tk 95 per kilogramme (kg) at some...

Banks asked to clear import payments on time

-- 2022-10-26 20:28:10

Bangladesh Bank (BB) has asked authorised dealer (AD) banks, which are dedicated to doing foreign exchange businesses, to clear the import bills timely. Otherwise, the central bank warns, the banks w...

Anyone can import and market Unilever products in Bangladesh, HC rules

FE ONLINE REPORT 2022-10-26 17:17:03

The High Court has cleared the way for anyone apart from Unilever Bangladesh for importing and marketing Unilever products in Bangladesh. The High Court has discharged a rule issued earlier asking th...

Thai businesswoman buys Miss Universe pageant for $20m

-- 2022-10-26 17:02:20

A Thai celebrity media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million, marking the first time the beauty pageant organiser will be owned by a woman, h...

Mercedes-Benz to quit Russian market

-- 2022-10-26 15:21:13

Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor, becoming the latest carmaker t...

Bangladeshi startup named as AEA semi-finalist

FE ONLINE REPORT 2022-10-26 14:39:05

A Bangladeshi startup has been nominated for Asian Entrepreneurship Award (AEA) 2022 as one of 24 semi-finalists from eight Asian countries. The AEA steering committee nominated iPAGE, an Agritech co...

NSU students to benefit from MoU with Nagad

FE ONLINE DESK 2022-10-26 13:33:44

Mobile financial service of the country's Post Office Nagad and leading educational institution North-South University will operate a series of programmes under a memorandum of understanding (MoU) for...

Single proposal received for hospital on BR land

MUNIMA SULTANA 2022-10-26 10:44:57

Bangladesh Railway (BR) has received just a single proposal for the job of construction of a medical college and hospital at its land in the city's Kamlapur area under the PPP model after rescheduling...

Recovering laundered money: BFIU for inking MLA deals with 10 states

FE REPORT 2022-10-26 08:16:11

The Bangladesh Financial Intelligence Unit (BFIU) has suggested the Ministry of Finance (MoF) sign mutual legal assistance (MLA) agreements with at least 10 countries to receive the necessary informat...

Authorities asked to stop jadurjini.com activities

FE REPORT 2022-10-26 08:04:41

The commerce ministry has requested different authorities concerned to take measures to stop the activities of the e-commerce platform jadurjini.com for protecting consumers from its fraudulent prac...

Salim Anwar to head Padma Bank's Islamic banking division

-- 2022-10-25 22:14:14

Islamic banking veteran Salim Anwar has joined Padma Bank Limited as its head of the Islamic banking division. Fourth generation Padma Bank Limited is going to launch a Shariah-based ‘Padma Ban...

Apple announces new clean energy investments, asks suppliers to decarbonise

-- 2022-10-25 19:07:03

Apple Inc said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations related to the production of iPhones and oth...

Vietnam, Bangladesh bilateral trade should reach $2.0b

FE ONLINE REPORT 2022-10-25 18:41:28

The bilateral trade between Bangladesh and Vietnam should reach $2.0 billion rationalising the trade gap through mutual cooperation, exchange of business delegation, and joint research. Vietnamese in...

Apple is cutting back iPhone 14 production due to weak demand

-- 2022-10-25 18:28:25

Apple Inc is cutting back production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand for the mid-range model, market research firm TrendForce...

We have never had supply chain shortages like today, Volkswagen says

-- 2022-10-25 18:16:16

Volkswagen is entering into direct purchase agreements in unprecedented areas to tackle the worst supply chain shortages the company has seen, its purchasing chief Murat Aksel said on Tuesday. The ca...

US trade show begins Thursday

-- 2022-10-25 18:04:11

US Ambassador to Bangladesh Peter D. Haas will inaugurate the three-day 28th US Trade Show that will begin in the city on Thursday demonstrating "US commitment” to working in partnership with Ba...

China to promote foreign investment in manufacturing

-- 2022-10-25 17:48:37

China said on Tuesday it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to "win the battle" in core technologies during the Commun...

Daraz to launch sale campaign '11.11' on Nov 11

FE ONLINE DESK 2022-10-25 15:09:16

The country’s largest online marketplace Daraz will launch its iconic 11.11 campaign for the fifth year in a row, this year from November 11 to November 21. Daraz presented the first glance of...

USAID Trade Activity helps with speedy customs clearance in Bangladesh

FE REPORT 2022-10-25 13:28:17

The USAID Feed the Future Bangladesh Improving Trade and Business Enabling Environment Activity imparted training to 25 customs officials on the Authorised Economic Operator (AEO) programme on Monday,...