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The Financial Express

Search results for: Trade

Rupali Bank brings 565 branches under ATM network

Rupali Bank brings 565 branches under ATM network

FE Online Desk 2018-06-09 14:24:17

Rupali Bank Ltd has so far brought 565 branches under ATM network and the service will be broadened further in near future, the bank said in a statement. Former chief of army staff Nur Uddin Khan ina...

IMF for stronger supervision to address banking sector weaknesses

IMF for stronger supervision to address banking sector weaknesses

FE Online Report 2018-06-09 14:16:15

The International Monetary Fund (IMF) has emphasised the necessity of stronger regulations and supervision to address banking sector weaknesses. “The ratio of non-performing loans (NPLs) to tot...

e-Cab seeks tax holiday

e-Cab seeks tax holiday

FE Online Report 2018-06-09 14:08:46

e-Commerce Association of Bangladesh (e-Cab) has sought tax holiday and cash incentive for a specific time to boost the sector. The e-Cab also urged the government to redefine the sector and include...

Ant Financial raises world's largest-ever single fundraising

Ant Financial raises world's largest-ever single fundraising

-- 2018-06-09 13:37:56

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising global...

SIBL opens branch in Ctg

SIBL opens branch in Ctg

FE Online Desk 2018-06-09 13:37:04

Social Islami Bank Limited (SIBL) has inaugurated Shantirhat Branch recently at Shantirhat, Patiya,Chattogram. Chairman of Social Islami Bank Limited Professor Md. Anwarul Azim Arif inaugurated the B...

Trump isolated on first day of G7 summit

Trump isolated on first day of G7 summit

-- 2018-06-09 12:24:55

Divisions between Donald Trump and other leaders of G7 nations were laid bare on the first day of their summit. The US leader made a surprise call for Russia to be readmitted to the group of top indu...

Spice prices spike as Eid draws near

Spice prices spike as Eid draws near

FE Report 2018-06-09 10:20:13

With Eid-ul Fitr only seven days away, prices of meat and spices have increased further in the city markets, adding to the consumers' woes. Prices of beef, chicken, garlic, ginger, cloves, cardamom,...

Five SoBs await extension of counter-guarantees

Five SoBs await extension of counter-guarantees

FE Report 2018-06-09 10:12:51

The government is considering extension of counter-guarantees worth Tk 48 billion for Bangladesh Chemical Industries Corporation (BCIC), officials said. This will facilitate uninterrupted import of f...

Backtracks on banking commission

Backtracks on banking commission

FE Report 2018-06-09 10:03:59

Finance Minister A M A Muhith backtracked on Friday from his position regarding formation of a banking commission by this month. Rather, he wanted to pass the responsibility of forming the commission...

Corporate tax cut to help reduce lending rates

Corporate tax cut to help reduce lending rates

FE Report 2018-06-09 09:50:47

Finance Minister AMA Muhith on Friday defended his proposal to cut corporate tax rates for banks and financial institutions, saying that the move is intended to help bring down the lending rates to si...

BD rice tax pushes India prices down

BD rice tax pushes India prices down

-- 2018-06-09 00:45:13

Rice export prices in India fell this week to their lowest this year. It happened before top buyer Bangladesh slaps import duty on exports of the grain after domestic production recovered, reports Re...

Highland Spring trials UK's first 100pc recycled bottle

Highland Spring trials UK's first 100pc recycled bottle

-- 2018-06-08 15:05:49

Highland Spring, Scottish supplier of bottled water, is to become the first UK water brand to introduce a 100 per cent recycled bottle. The company is trialling the new plastic bottles in a bid to...

Allies set to clash with Trump over tariffs

Allies set to clash with Trump over tariffs

-- 2018-06-08 11:07:51

Leaders of the Group of Seven rich nations are set to clash with a combative US President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminium they fear could lead to...

Corporate tax, source tax may rise for RMG sector

Corporate tax, source tax may rise for RMG sector

FE Report 2018-06-08 10:09:23

Apparel makers may have to pay corporate tax and source tax at increased rates from the next fiscal year (FY), 2018-19. Currently, the apparel makers are enjoying a reduced corporate tax rate of 12 p...

Muhith gives universal pension scheme outline

Muhith gives universal pension scheme outline

FE Report 2018-06-08 10:04:42

The government has planned to introduce a 'universal pension scheme' for all working people engaged in the private sector, both in formal and non-formal areas. In the budget speech for the upcoming f...

Muhith proposes 5pc VAT on online shopping

Muhith proposes 5pc VAT on online shopping

-- 2018-06-07 18:33:20

Finance Minister AMA Muhith has proposed five per cent Value Added Tax (VAT) on online shopping for the coming fiscal starting on June 30. “With the fast development of internet technology, soc...

Duties on school bus import likely to go

Duties on school bus import likely to go

-- 2018-06-07 18:11:19

The government will consider exemption of duties on import of school buses upon receiving intents from schools or related agencies. Finance minister MA Muhit said this in his budget speech on Thursda...

Facebook, Google, Youtube to pay taxes on their incomes

Facebook, Google, Youtube to pay taxes on their incomes

-- 2018-06-07 17:42:03

Finance Minister AMA Muhith proposed introduction of new provisions in the tax laws over the taxation of virtual and digital sectors, such as Facebook, Google, Youtube, on their incomes earned in Bang...

More charges on tobacco products

More charges on tobacco products

-- 2018-06-07 17:41:59

The use of tobacco products, including cigarette, bidi, zarda and gul, are going to be costlier from the next fiscal (fiscal 2018-19) as the National Board of Revenue (NBR) is shifting to a uniform ta...

Local mobile, motorcycle makers get VAT exemptions

Local mobile, motorcycle makers get VAT exemptions

-- 2018-06-07 17:14:24

The local manufacturers of mobile handsets and motorcycles received a boost as Finance Minister AMA Muhith proposed VAT exemptions on local production, and imposed surcharge on imported devices. In p...

Electronic device for VAT collection soon

Electronic device for VAT collection soon

-- 2018-06-07 16:18:29

The government has taken an initiative to install Electronic Fiscal Device (EFD) in business units for ensuring transparency in VAT collection system as the highest portion of revenue is collected fro...

Surcharge on double-car ownership

Surcharge on double-car ownership

FE Online Desk 2018-06-07 15:59:49

A surcharge has been proposed to levy on people with two motor cars or house property with an aggregate area of 8,000 square feet in a city corporation. He said this while placing the proposed budge...

SIBL opens branch at Ctg’s Shantirhat

SIBL opens branch at Ctg’s Shantirhat

FE Online Desk 2018-06-07 15:51:22

Social Islami Bank Limited (SIBL) has opened a new branch at Shantirhat in Patiya upazila of Chattogram. Professor Md Anwarul Azim Arif, Chairman of SIBL inaugurated the branch on Thursday (today), a...

SJIBL holds 264th board meeting

SJIBL holds 264th board meeting

FE Online Desk 2018-06-07 14:10:44

The 264th meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held recently at the Head Office of the bank. Chairman of the Board of Directors, Akkas Uddin Mollah presided...

Budget proposes VAT on e-commerce

Budget proposes VAT on e-commerce

FE Online Desk 2018-06-07 14:04:20

Finance Minister AMA Muhith has proposed VAT on e-commerce at 5.0 per cent in the budget for fiscal year 2018-19. The businesses also involve those using Facebook for sales. Earlier in 2015,...

Walmart settles discrimination lawsuit by transgender worker

Walmart settles discrimination lawsuit by transgender worker

-- 2018-06-07 13:56:09

Walmart has settled a lawsuit by a transgender former employee in North Carolina who accused the retail giant of unlawfully firing her for complaining about harassment. Arkansas-based Walmart and the...

442 textile, RMG units prone to unrest

442 textile, RMG units prone to unrest

Monira Munni 2018-06-07 10:44:05

Some 442 textile and readymade garment (RMG) factories across the country are 'vulnerable' to labour unrest over payment of wages and festival allowances, officials said. Intelligence agencies record...

BKMEA seeks Tk 10.50b fund to pay wages

BKMEA seeks Tk 10.50b fund to pay wages

FE Report 2018-06-07 10:22:26

Knitwear manufactures have sought a fund of Tk 10.50 billion from the government to pay wages and allowances to the workers, officials said. Acting president of Bangladesh Knitwear Manufacturers and...

EU plans to hit US imports with duties from July

EU plans to hit US imports with duties from July

-- 2018-06-06 22:13:31

The European Union (EU) expects to hit US imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and alumi...

Uber offers insurance for riders, drivers in Bangladesh

Uber offers insurance for riders, drivers in Bangladesh

-- 2018-06-06 14:34:38

Uber, the world's largest on-demand ridesharing company, has launched insurance programme for its riders and drivers in Bangladesh. The policy will provide both riders and drivers with free coverage...