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The Financial Express

Search results for: Trade

Next budget won’t be typical, says NBR chairman

Next budget won’t be typical, says NBR chairman

FE Report 2018-05-09 16:51:06

The upcoming national budget will not be a typical one as the National Board of Revenue (NBR) is preparing it in a participatory manner, said NBR chief Md Mosharraf Hossain Bhuiyan on Tuesday. The NB...

‘Faulty’ tax system forces consumers to pay higher

‘Faulty’ tax system forces consumers to pay higher

FE Report 2018-05-09 16:41:52

Speakers at a discussion underscored the need for rationalising tariff rates for protecting consumers' interest, given the "very high" import duty. In 2017, the average tariff stood at 25.64 in Bangl...

Union Bank opens branch in Kushtia

Union Bank opens branch in Kushtia

FE Online Desk 2018-05-09 14:03:49

Union Bank has recently opened a branch in Kushtia. Omar Farooque, Managing Director of the bank inaugurated the branch on Thursday while Deputy Managing Director Hasan Iqbal attended the opening cer...

13th Citi Microentrepreneurship Awards ceremony May 12

13th Citi Microentrepreneurship Awards ceremony May 12

FE Online Desk 2018-05-09 13:53:29

The Award Giving Ceremony of 13th Citi Microentrepreneurship Awards, funded by Citi Foundation, a philanthropic arm of Citigroup and managed by Citibank, N.A., Bangladesh in collaboration with Sajida...

GE Power launches commercial operations of 163 MW plant

GE Power launches commercial operations of 163 MW plant

FE Online Desk 2018-05-09 12:55:13

GE Power has achieved another milestone with the commencement of the commercial operations of MAX Group’s 163 MW combined-cycle power plant recently. The power plant is located in Fenchuganj, w...

3rd Karnaphuli Bridge: Project cost up by 17pc despite completion of construction

3rd Karnaphuli Bridge: Project cost up by 17pc despite completion of construction

Munima Sultana 2018-05-09 10:37:31

Roads and Highways Department (RHD) has revised the 3rd Karnaphuli bridge project, raising its cost by around 17 per cent though the construction work was completed eight years ago. The department pr...

Zone development heats up rural land market

Zone development heats up rural land market

Jashim Uddin Haroon and Jubair Hasan 2018-05-09 10:17:01

Economic zones have driven up the value of land property in villages, helping the rural people reap windfall gains. In some areas, where such zones are being built, the land value rocketed more than...

China April exports bounce  back despite US trade brawl

China April exports bounce back despite US trade brawl

-- 2018-05-08 21:44:40

China's exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy am...

Biman launches e-ticket service

Biman launches e-ticket service

-- 2018-05-08 17:23:08

Biman Bangladesh Airlines has launched e-ticket selling service through mobile phone and mobile banking. The airlines authority made the announcement through a press release on Monday, reports BSS....

Yunnan Congress team meets CCCI members

Yunnan Congress team meets CCCI members

Our Correspondent, Chattogram 2018-05-08 17:18:37

A seven-member delegation of the Yunnan Provincial People's Congress Standing Committee from Kunming visited the Chittagong Chamber of Commerce and Industry Monday. The delegation headed by Vice Cha...

Set up dedicated bank for SMEs

Set up dedicated bank for SMEs

FE Report 2018-05-08 17:13:43

The government should establish a dedicated bank for small and medium-sized enterprises (SMEs) to provide hassle-free financial services for the entrepreneurs, speakers at a discussion said on Monday....

WB goes slow in giving nod to red-listed projects

WB goes slow in giving nod to red-listed projects

Syful Islam 2018-05-08 17:07:01

The World Bank (WB) is allegedly going 'very slow' in providing no objection certificate (NOC) in favour of environmentally critical projects which are to be financed from its own coffer, sources said...

Over 1000 firms operate sans REHAB membership

Over 1000 firms operate sans REHAB membership

Monira Munni 2018-05-08 16:58:44

More than 1000 housing companies are operating in the country defying a government's directive, which has made REHAB membership mandatory for running business, industry insiders said. The ministry of...

Two int’l flights miss arrival schedule at Dhaka airport

Two int’l flights miss arrival schedule at Dhaka airport

FE Online Report 2018-05-08 16:54:05

Two international flights of Biman Bangladesh Airlines failed to meet their arrival schedule at Hazrat Shahjalal International Airport (HSIA) in the capital on Tuesday. BG 136 from Jeddah was suppose...

Alibaba acquires Daraz Group

Alibaba acquires Daraz Group

FE Online Report 2018-05-08 16:17:40

Daraz Group, a leading e-commerce company operating in Pakistan, Bangladesh, Sri Lanka, Myanmar and Nepal on Tuesday announced that the company was fully acquired by Alibaba to become a member of the...

Standard Bank arranges workshop on customer service

Standard Bank arranges workshop on customer service

FE Online Desk 2018-05-08 12:56:56

Mr Mamun-Ur-Rashid, Managing Director & CEO of Standard Bank Limited inaugurated a two day-long workshop on Customer Service & Marketing of Bank’s Products organised by the Training Inst...

ICMAB arranges seminar on  leadership

ICMAB arranges seminar on leadership

FE Online Desk 2018-05-08 12:51:33

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) arranged a seminar on “Leadership: Driving Performance through Diversity” at SIX SEASONS Hotel, Gulshan, Dhaka recent...

BKB, Karmasangsthan Bank get new DMDs

BKB, Karmasangsthan Bank get new DMDs

FE Online Desk 2018-05-08 12:40:50

Md Liakat Hossain Moral and Md Afzal Karim have recently been promoted as deputy managing directors of Bangladesh Krishi Bank (BKB). Thakur Das Kundu, however joined Karmasangsthan Bank as DM...

Thrust on uplifting trade barriers for mutual benefits

Thrust on uplifting trade barriers for mutual benefits

-- 2018-05-07 18:42:24

Speaker of the parliament Dr Shirin Sharmin Chaudhury has said trade inequality needs to be removed for mutual benefits of different countries. She also highlighted the role of parliament members in...

Intensify monitoring of Palli Sanchay Bank: JS body

Intensify monitoring of Palli Sanchay Bank: JS body

FE Report 2018-05-07 16:31:43

Parliamentary standing committee on public assurance on Sunday recommended that the monitoring of 'One House, One Farm' project and Palli Sanchay Bank should be intensified. The committee also sugge...

CVIAC detects duty evasion on import of green tea

CVIAC detects duty evasion on import of green tea

FE Report 2018-05-07 16:15:48

Customs Valuation and Internal Audit Commissionerate (CVIAC) has detected duty evasion on import of green tea through Chattogram and Benapole ports, said a statement issued by CVIAC. After assessing...

Produce quality products to get more tax, duty perks: NBR chief

Produce quality products to get more tax, duty perks: NBR chief

FE Report 2018-05-07 16:11:16

The National Board of Revenue (NBR) chief has urged the local businesses to ensure manufacturing quality products to get more tax and duty benefits. Speaking at a pre-budget meeting on Sunday, NBR Ch...

Why no policy on domestic air fare, HC asks

Why no policy on domestic air fare, HC asks

-- 2018-05-07 15:37:09

The High Court has issued a rule asking why it should not order the formation of a policy to fix the prices of airline tickets, the ticket cancellation fee and additional luggage charges on domestic f...

Nestle pays $7.15b to sell Starbucks coffee

Nestle pays $7.15b to sell Starbucks coffee

-- 2018-05-07 15:09:33

Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the US coffee chain’s products around the world in a global alliance aimed at reinvigorating their c...

RMG, textile expo begins on May 10 in Ctg

RMG, textile expo begins on May 10 in Ctg

FE Online Desk 2018-05-07 13:25:55

A three-day long Bangladesh Int’l Garment & Textile Machinery Expo, 2018 begins on May 10 at GEC Convention Center, Chattogram. BKMEA is the Associate Partner, Well Group is the Partner w...

Meghna Bank participates 'Showcase Canada'

Meghna Bank participates 'Showcase Canada'

FE Online Desk 2018-05-07 12:50:15

Meghna Bank installed a stall at the two day-long trade and education fair titled 'Showcase Canada-2018' at International Convention City, Basundhara, Dhaka. The fair ends today (May 7). Mr. Md. Moj...

Dollar surge bringing emerging market rate cut cycle to a halt

Dollar surge bringing emerging market rate cut cycle to a halt

-- 2018-05-07 12:41:03

A resurgent dollar and higher borrowing costs are smashing through Argentina and Turkey’s currencies like a wrecking ball and raising the likelihood more broadly that emerging markets’ thr...

Special offer for EBL cardholders at Hotel Sarina

Special offer for EBL cardholders at Hotel Sarina

FE Online Desk 2018-05-07 12:00:18

Eastern Bank Ltd (EBL) and Hotel Sarina  recently inked a customer benefit deal in Dhaka.  Under the deal, Hotel Sarina at Banani will offer Buy One Get Two at buffet dinner and Buy One G...

GP Accelerator launches 5th batch of startups

GP Accelerator launches 5th batch of startups

FE Online Desk 2018-05-07 11:51:11

The Grameenphone Accelerator (GPA) launched its 5th batch of startups on its 4-month long programme through a launching event Sunday at GPHouse, said a statement. The new batch follows 21 startups th...

Insurance policy for migrant workers under review

Insurance policy for migrant workers under review

FE Report 2018-05-07 10:26:32

A government move for mandatory insurance coverage to protect the migrant workers from any unexpected risks is now under detailed review by the sector regulator, officials said. When contacted, mem...