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The Financial Express

Search results for: Trade

Bring in advanced DFS products to cover more people,

Bring in advanced DFS products to cover more people,

FE REPORT 2022-06-13 10:31:55

Speakers at a webinar have stressed the need for introducing advanced financial products like digital loans, savings and micro-insurance through the country's digital financial services (DFS) to cov...

Accreditation essential for boosting export, speakers tell seminar

Accreditation essential for boosting export, speakers tell seminar

FE REPORT 2022-06-13 10:27:13

Speakers at a seminar have emphasised standardising accreditation and certification authorities in compliance with the international standards for better acceptance of Bangladeshi products in the glob...

Bangora gas field output on the wane, halves in seven years

Bangora gas field output on the wane, halves in seven years

M AZIZUR RAHMAN 2022-06-13 08:58:37

Natural gas production from onshore Bangora gas field, operated by Singapore-based upstream oil and gas company KrisEnergy Ltd, is depleting fast with the output having less than halved to around 52...

Stop sudden ban on export of food products, Bangladesh urges global community 

Stop sudden ban on export of food products, Bangladesh urges global community 

-- 2022-06-12 22:00:00

Bangladesh has urged the global community for stopping sudden ban on export of food products.  The Bangladesh government at the opening day of the 12th Ministerial Meeting of the World Trade Org...

WTO chief hopes ministerial conference may yield one or two deals

WTO chief hopes ministerial conference may yield one or two deals

-- 2022-06-12 21:30:23

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals thi...

NBR to install 10,000 EFD in Dhaka, Chattogram to prevent VAT evasion

NBR to install 10,000 EFD in Dhaka, Chattogram to prevent VAT evasion

-- 2022-06-12 15:36:52

The National Board of Revenue (NBR) will install 10,000 Electronic Fiscal Devices (EFDs) in Dhaka, Chattogram and other big cities in the fiscal year 2022-23 in a bid to prevent Value Added Tax(VAT) e...

Rokia A Rahman, A K Azad re-elected as Vice Presidents of ICC Bangladesh

Rokia A Rahman, A K Azad re-elected as Vice Presidents of ICC Bangladesh

FE ONLINE DESK 2022-06-12 14:19:58

Rokia A Rahman, Former President of MCCI and A K Azad, Former President of FBCCI were re-elected as Vice Presidents of International Chamber of Commerce (ICC) – Bangladesh, The world business or...

Proposed budget likely to encourage fridge assembling industry, increase spare parts import

Proposed budget likely to encourage fridge assembling industry, increase spare parts import

FE ONLINE DESK 2022-06-12 12:31:35

In line with the proposed budget for the fiscal year 2022-23, tariffs on import of spare parts at the local refrigerator and freezer production industry have been significantly cut down. Industry ins...

BFFEA terms budget as 'practical'

BFFEA terms budget as 'practical'

-- 2022-06-12 10:03:10

Hailing the proposed budget for fiscal year (2022-23), the Bangladesh Frozen Foods Exporters Associa-tion (BFFEA) has termed it as 'practical' and 'time befitting', reports BSS. BFFEA President Md Am...

Electricity demand in Rajshahi region to grow by 3 times in five years: Nasrul Hamid

Electricity demand in Rajshahi region to grow by 3 times in five years: Nasrul Hamid

-- 2022-06-12 10:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the demand for electricity in Rajshahi region will increase by three times in the next five years. "So, you should take n...

Budget skips proposals for IT sector: BASIS

Budget skips proposals for IT sector: BASIS

-- 2022-06-12 09:57:24

Leaders of the Bangladesh Association of Software & Information Services (BASIS) on Saturday said the budgetary measures for the IT sector in the budget for fiscal year 2022-23 did not reflect the...

Apparel exports to US witness 65pc growth

Apparel exports to US witness 65pc growth

FE REPORT 2022-06-12 09:54:23

The country's apparel exports to the US maintained a robust growth in terms of both value and volume during the first four months of 2022. The US imported readymade garment (RMG) items worth US$3.29...

MetLife extends investment portfolio with BDT 1.16b DBH bond subscription

MetLife extends investment portfolio with BDT 1.16b DBH bond subscription

-- 2022-06-12 09:51:36

To continue providing sustainable financing to local corporates and better returns on customers' insurance policies, MetLife Bangladesh has further diversified its investment portfolio through its sub...

Implementation of budget requires involvement of professionals : ICMAB

Implementation of budget requires involvement of professionals : ICMAB

FE REPORT 2022-06-12 09:50:02

The successful implementation of the proposed budget requires the involvement of the professionals. Implementation of the proposed large budget may be a challenge for the government, though not i...

ICAB urges steps to zoom tax net

ICAB urges steps to zoom tax net

FE REPORT 2022-06-12 09:23:18

Citing the proposed national budget as time-befitting, chartered accountants (CAs) suggest that government take further steps to widen tax net in order to enhance the tax-GDP ratio. The proposed budg...

Most CSOs lack idea about RTI, NIS: Survey

Most CSOs lack idea about RTI, NIS: Survey

FE REPORT 2022-06-12 09:15:06

Most civil-society organisations (CSO) and media personnel have little knowledge of the right to information (RTI), national integrity strategy (NIS) and annual performance agreement (APA). An opinio...

Metro rail test run nearing completion

Metro rail test run nearing completion

MUNIMA SULTANA 2022-06-12 08:59:28

The test run of the country's first metro rail has almost reached its end as checking of last few components from Uttara to Agargaon in the city is going on. After completion of the last-minute check...

Call for building low-cost housing under PPP

Call for building low-cost housing under PPP

FE REPORT 2022-06-12 08:55:56

Low-cost housing should be built on a public-private partnership basis considering the growing number of internal migrants to Dhaka, said speakers told a seminar on Saturday. Citing housing as a fund...

Trade ministers in Geneva to seal a deal

Trade ministers in Geneva to seal a deal

DOULOT AKTER MALA, from Geneva 2022-06-12 08:49:00

The hopes of Least Developed Countries (LDCs) including Bangladesh to push ahead the agenda for extending LDC-specific trade benefits for graduated LDCs by at least six to nine years are likely to b...

WTO looks to reach trade deals with its fate on the line

WTO looks to reach trade deals with its fate on the line

-- 2022-06-11 22:16:58

The World Trade Organization (WTO) is facing one of its most dire moments, the culmination of years of slide toward oblivion and ineffectiveness. Now may be a chance to turn the tide and reemerge as a...

FBCCI demands keeping source tax on exports unchanged

FBCCI demands keeping source tax on exports unchanged

-- 2022-06-11 20:57:23

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government not to increase tax at source on export proceeds. The apex trade body also thanked the government for r...

ICMAB demands implementation of financial, cost audit for transparency

ICMAB demands implementation of financial, cost audit for transparency

-- 2022-06-11 20:31:02

Institute of Cost and Management Accountants of Bangladesh (ICMAB) has demanded the implementation of financial audit as well as cost audit to bring transparency in the accounting system. President o...

US gasoline average price tops $5.0 per gallon in historic first

US gasoline average price tops $5.0 per gallon in historic first

-- 2022-06-11 18:48:48

The national average price for US gasoline rose above $5.0 a gallon for the first time on Saturday, according to data from the AAA, extending a surge in fuel costs that are a central feature of rising...

Brazil trying to raise cotton export to Bangladesh

Brazil trying to raise cotton export to Bangladesh

FE REPORT 2022-06-11 13:18:38

Brazil is trying to increase its cotton export to Bangladesh to expand global market of the item, sources said. Two Brazilian trade bodies - Brazilian Cotton Growers Association (ABRAPA) and Brazil...

‘Ensure int'l safety standard in poultry industry’

‘Ensure int'l safety standard in poultry industry’

FE REPORT 2022-06-11 12:30:03

Speakers at a programme in the city on Friday emphasised on improved waste management at poultry farms to make the production process compliant with international safety standard. They also suggest...

Provision requires proof of return submission

Provision requires proof of return submission

FE REPORT 2022-06-11 11:16:45

The Finance Bill 2022 has incorporated a provision under which proof of submission of tax return will be required for obtaining various services and serving other purposes. "Notwithstanding anything...

Bottled water price up by 25pc

Bottled water price up by 25pc

YASIR WARDAD 2022-06-11 09:04:56

Commercial mineral water became expensive last week, intensifying woes of city consumers who rely largely on branded drink to quench their thirst outdoors amid lack of safe supply water. Price of o...

BDT falls sharply against US dollar

BDT falls sharply against US dollar

SIDDIQUE ISLAM 2022-06-10 11:13:59

The Bangladesh Taka (BDT) depreciated significantly against the US dollar on Thursday - mainly due to higher demand for the greenback for settling import-payment obligations. The local currency los...

South Korean truckers broaden strike action to chips; Hyundai output slides

South Korean truckers broaden strike action to chips; Hyundai output slides

-- 2022-06-10 11:11:24

South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail shipments of raw materials for semiconductors and petrochemical products. That c...

Tax return a must to get 50 types of services

Tax return a must to get 50 types of services

FE REPORT 2022-06-10 10:54:41

People would not be able to avail nearly 50 types of services unless they submit tax returns to the government every year, according to the proposed finance bill-2022. Bank transaction would be fro...