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The Financial Express

Search results for: Trade

Tax waivers at import stage: NBR loses Tk 1.4 trillion in 4.5 yrs

Tax waivers at import stage: NBR loses Tk 1.4 trillion in 4.5 yrs

Doulot Akter Mala 2019-03-18 09:18:36

The government has offered around Tk 1.47 trillion in the form of tax exemptions at import stage to the various sectors since fiscal year (FY) 2014-15 until January last. The amount of tax waived is...

Apple Watch detects irregular heart beat in large US study

Apple Watch detects irregular heart beat in large US study

-- 2019-03-17 22:05:11

The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Appl...

Huawei procured worth of USD 29.3m from Bangladesh in 2018

Huawei procured worth of USD 29.3m from Bangladesh in 2018

FE Online Desk 2019-03-17 13:05:18

Huawei, a leading global provider of ICT infrastructure and smart devices, recently announced its procurement results for 2018 in Bangladesh. The amount of full procurement here is USD 29.3M where in...

Oracle total revenues fall 1.0pc

Oracle total revenues fall 1.0pc

FE Online Desk 2019-03-17 12:55:57

Oracle Corporation (NYSE: ORCL) has announced fiscal 2019 Q3 results. Total revenues were $9.6 billion, down 1% in USD and up 3% in constant currency compared to Q3 last year. Cloud Services and Lice...

BD offers India RMG at ‘a very competitive’ price

BD offers India RMG at ‘a very competitive’ price

FE Report 2019-03-17 10:30:39

A total of 23 local readymade garment (RMG) exporters are participating in the Apparel Sourcing Week in Bengaluru to increase apparel export to India. Apparel Resources at ITC Gardenia, Bengaluru org...

Vegetable prices soar 30-80pc due to sudden rainfall last month

Vegetable prices soar 30-80pc due to sudden rainfall last month

FE Report 2019-03-17 10:23:04

Retail prices of most vegetables in the city markets shot up by a range between 30 and 80 per cent in one month period from mid-February, which many believe, due to the sudden rainfall at the end of l...

Overseas jobs for BD workers drop by 23pc in Jan-Feb

Overseas jobs for BD workers drop by 23pc in Jan-Feb

Arafat Ara 2019-03-17 10:05:47

The number of outbound Bangladeshi workers continues to fall over months with a significant number of expatriates returning home from abroad. According to the official data, the country's outbound jo...

Duty-free car import drives down revenue in FY 18

Duty-free car import drives down revenue in FY 18

Doulot Akter Mala 2019-03-17 09:44:16

The total revenue collection from car imports fell by Tk 5.0 billion last fiscal year, though importation of luxury versions rose substantially. The import of luxury cars categorised as 4001 CC and a...

Padma Bank starts journey

Padma Bank starts journey

-- 2019-03-16 18:04:39

Padma Bank has started its journey with a promise of 'secure banking' for its customers. Economic Affairs Adviser to Prime Minister Mashiur Rahman unveiled the bank’s new logo at a city hotel o...

PRAN garners $0.5m export order

PRAN garners $0.5m export order

-- 2019-03-16 17:44:35

PRAN, a food processor of the country, recently secured export orders worth around $0.5 million at ANUFOOD Fair, one of the largest beverage and food fairs in the world.    PRAN participate...

Boeing plans to upgrade software for 737 MAX

Boeing plans to upgrade software for 737 MAX

-- 2019-03-16 17:16:30

The Boeing Company plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said. The US plane maker has been working on a software upgrade for an ant...

SME sales, orders surge

SME sales, orders surge

Sajibur Rahman 2019-03-16 17:14:09

Sales and orders have increased in volume at annual National SME Fair since 2012, thanks to organisers, entrepreneurs, buyers and visitors' unequivocal support for such an initiative. The Small and...

BMW, Mercedes-Benz will lower prices in China

BMW, Mercedes-Benz will lower prices in China

-- 2019-03-16 16:33:14

BMW AG and Mercedes-Benz will lower their prices in China, after the Chinese government announced to reduce the country’s value-added tax (VAT) starting on April 1. The German automobile compan...

National SME fair kicks off in city

National SME fair kicks off in city

FE Online Report 2019-03-16 14:50:51

The National SME Products Fair 2019 has kicked off in the capital aiming to promote products in the local and international markets. Industries Minister Nurul Majid Mahmud Humayun inaugurated the sev...

ICMAB celebrates International Women’s Day

ICMAB celebrates International Women’s Day

FE Online Desk 2019-03-16 14:01:58

  The Institute of Cost and Management Accountants of Bangladesh (ICMAB) celebrated the International Women’s Day 2019 by organizing a seminar titled: “Think equal, bu...

ICAB celebrates International Women’s Day

ICAB celebrates International Women’s Day

FE Online Desk 2019-03-16 13:56:14

Institute of Chartered Accountants of Bangladesh (ICAB) on Friday celebrated International Women’s Day 2019 at CA Baban in the city. Speakers shared their path breaking stories to become &nbs...

Mercantile Bank Foundation donation for Assistance for Blind Children

Mercantile Bank Foundation donation for Assistance for Blind Children

FE Online Desk 2019-03-16 13:45:05

Mercantile Bank Foundation donated Tk 0.5 million to the Assistance for Blind Children (ABC). In presence of Bank’s Chairman A.K.M. Shaheed Reza, Bank’s Director Md. Anwarul Haque handed...

BITZER opens service centre in city

BITZER opens service centre in city

FE Online Desk 2019-03-16 13:13:33

The German compressor giant BITZER, in collaboration with Aziz Trade and Engineering Limited (ATEL), has opened its official service centre at Bijoy Shoroni Circle in Dhaka. The service centre, title...

Shippers ready to tap trade

Shippers ready to tap trade

Syful Islam 2019-03-16 11:55:04

With China granting all Bangladeshi products duty-free and quota-free (DFQF) access shortly, freight carriers are all geared up to tap business, officials said. The shippers are readying themselves...

Jute goods export to reach Tk 250b, if odds removed

Jute goods export to reach Tk 250b, if odds removed

Talha Bin Habib 2019-03-16 10:36:51

The country's export earnings from jute goods could be increased to around Tk 250 billion from existing Tk 80 billion annually subject to properly addressing the challenges being faced by the sector...

Local airlines see fresh fuel price hike as a major blow

Local airlines see fresh fuel price hike as a major blow

Kamrun Nahar 2019-03-16 10:22:50

The country's aviation sector is set to face a fresh blow from the recent hike in the price of jet fuel, which may ultimately force the airlines to raise airfare to compensate for the hike. The Ban...

Rice procurement hits all-time high

Rice procurement hits all-time high

Yasir Wardad 2019-03-16 10:16:26

The government's aggregate procurement of rice from domestic sources has hit an all-time high of 2.2 million (22 lakh) tonnes in this fiscal year (FY), 2018-19, but fails to yield noticeable benefits...

Deadline for new LNG terminal plan to get three-month extension

Deadline for new LNG terminal plan to get three-month extension

-- 2019-03-15 18:43:27

The deadline to submit expressions of interest (EOI) to build the country’s first onshore liquefied natural gas (LNG) terminal is likely to be extended by three months, two sources familiar with...

Asian LNG prices dip to three-year seasonal low

Asian LNG prices dip to three-year seasonal low

-- 2019-03-15 18:23:44

Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices...

Uber Eats to launch in Dhaka next month

Uber Eats to launch in Dhaka next month

-- 2019-03-15 17:46:34

Uber Eats, the food delivery app by ride-hailing company Uber, is all set to launch in Bangladesh next month, with Dhaka as first city. Similar to the Uber rides app, Uber Eats is a food delivery app...

Tesla unveils Model Y

Tesla unveils Model Y

-- 2019-03-15 15:34:03

Tesla unveiled its Model Y electric sports utility vehicle on Thursday evening (local time) in US state of California, promising a much-awaited crossover that will face competition from European car m...

BR fails to utilise 38pc funds this fiscal year

BR fails to utilise 38pc funds this fiscal year

Munima Sultana 2019-03-15 10:46:40

The state-owned Bangladesh Railway (BR) is unable to spend 38 per cent of the funds allocated for nine donor-aided projects this fiscal year (FY) due to a poor pace of implementation. Sources said...

Chicken, onion, veg continue to be costlier

Chicken, onion, veg continue to be costlier

FE Report 2019-03-15 10:33:46

Chicken, onion, and other vegetables became pricier again last week increasing sufferings of the commoners further. Onion witnessed upward trend in its price two weeks back and it continued to be c...

NBR grants tax waiver to several infrastructure dev companies

NBR grants tax waiver to several infrastructure dev companies

FE Report 2019-03-15 10:22:38

The National Board of Revenue (NBR) has granted tax exemption to several private sector companies, working for the country's infrastructure projects including expansion of the Dhaka airport and buildi...

No 15pc VAT rate from July: Kamal

No 15pc VAT rate from July: Kamal

FE Report 2019-03-15 09:49:00

Finance Minister A H M Mustafa Kamal says there will be no 15 per cent VAT (value added tax) rate as it prevails now. This rate will be discontinued from July next while introducing the new VAT and S...