Loading...
The Financial Express

Search results for: Trade

Tax rebate for middle income group declines

Tax rebate for middle income group declines

FE REPORT 2022-06-10 09:38:57

Tax relocation on account of investment for middle-income group of people is set to decline in the upcoming fiscal year. Currently, the investment amount is allowed up to 25 per cent. The Finance...

Are you sending your child to an English medium school? Show your tax return proof

Are you sending your child to an English medium school? Show your tax return proof

-- 2022-06-10 09:23:56

Bangladeshis will have to submit the proof of tax returns for a vast number of activities ranging from admitting a child to an English medium school to obtaining or maintaining an electricity connec...

E-commerce sector to get big boost

E-commerce sector to get big boost

FE REPORT 2022-06-10 09:08:06

The government has taken a project to advance the country's e-commerce sector with an aim to create more employment in the sector. "To support the growth of e-commerce in Bangladesh and to encourag...

FBCCI unit to bring creative ideas into reality

FBCCI unit to bring creative ideas into reality

FE REPORT 2022-06-10 08:56:23

The country's apex trade body, FBCCI, will set up a special unit called FBCCI Innovation Center that will act to convert creative ideas into reality. While unveiling the national budget, finance mi...

What's up, what's down

What's up, what's down

FE REPORT 2022-06-10 08:23:28

Prices of imported motorcycles, laptops, mobile- phone sets and AC motors may go up in the upcoming fiscal year. The prices of motor vehicles may also rise, as the supplementary duty (SD) on vehicl...

Tackling inflation to protect people’s purchasing power key challenge: DCCI

Tackling inflation to protect people’s purchasing power key challenge: DCCI

-- 2022-06-09 20:56:53

enhancing private sector investment, employment generation, revenue shortfall and financing are some of the challenges of the proposed budget for FY2022-23. In order to attain the targeted GDP, the g...

Bangladesh lifts 5.0pc advance tax on gold import in FY23

Bangladesh lifts 5.0pc advance tax on gold import in FY23

-- 2022-06-09 20:28:07

The government has proposed the withdrawal of a 5 per cent advance tax on the import of gold in the upcoming fiscal year 2022-23. The move aims to encourage the import of the precious metal through l...

Monuwar Iqbal crafting future for local, international software industry with Pridesys   

Monuwar Iqbal crafting future for local, international software industry with Pridesys  

-- 2022-06-09 17:37:12

Monuwar Iqbal, the CEO of Pridesys IT Ltd and Pridesys Global LLC, is a successful IT entrepreneur, technology enthusiastic and visionary leader having expertise on business transformation to build up...

Tesla Goes Ahead With China Hiring Event After Musk Job Warning

Tesla Goes Ahead With China Hiring Event After Musk Job Warning

-- 2022-06-09 14:05:38

Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and s...

Ukraine eyes billions in euros from Europe electricity exports

Ukraine eyes billions in euros from Europe electricity exports

-- 2022-06-09 11:12:27

Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn more in the future after obtaining the right to export its energy there, a Ukrain...

Body formed to oversee rawhide trade

Body formed to oversee rawhide trade

FE REPORT 2022-06-09 10:23:57

The government has formed a high-powered committee to oversee the overall purchases and sales activities of rawhide and skins of sacrificial animals during Eid-ul-Azha. Besides, it will prepare a wor...

Traders push to amend commodities law

Traders push to amend commodities law

FE REPORT 2022-06-09 10:17:18

Traders at Moulvibazar in the city have urged the government to amend the age-old commodities law against the backdrop of changing global business environment. They made the call following rift and m...

ICT Division executes 92.85pc of projects, RADP review meeting told

ICT Division executes 92.85pc of projects, RADP review meeting told

FE REPORT 2022-06-09 10:17:03

The Information and Communication Technology (ICT) Division, as of this May, has implemented over 92 per cent of the projects under the Revised Annual Development Programme (RADP) for the fiscal year...

‘BD fails to exploit duty-free access to China’

‘BD fails to exploit duty-free access to China’

FE REPORT 2022-06-09 09:55:44

Bangladesh can't reap benefits of duty-free market access fully in China in the absence of its aggressive export-promotion measures. In addition, the country's large concentration on RMG items and fa...

Metro rail: Tk 5.0 fare per kilo proposed

Metro rail: Tk 5.0 fare per kilo proposed

MUNIMA SULTANA 2022-06-09 08:52:52

A proposal of Tk 5.0 per kilometre for a 20-kilometre metro ride from Diabari to Motijheel in Dhaka city awaits approval from the authorities concerned. Sources say an MRT fare-fixing committee propo...

Commerce ministry holds TOT programme for professionals

Commerce ministry holds TOT programme for professionals

FE ONLINE DESK 2022-06-08 21:15:11

The ministry of commerce, financed by the World Bank Group (WBG), has organised a Training Of Trainers (ToT) programme for industry professionals in the country. The project, titled Export Competit...

Spice Traders Association rules out price hike before Eid-ul-Azha

Spice Traders Association rules out price hike before Eid-ul-Azha

-- 2022-06-08 20:35:56

Wholesale Spice Traders Association has said there is no possibility of price hike in spices as there is no shortage of spices in the market ahead of Eid-ul-Azha.Md. Enayet Ullah, president of associa...

India may allow exports of 1.2m tonnes of wheat soon

India may allow exports of 1.2m tonnes of wheat soon

-- 2022-06-08 18:31:04

India could soon allow traders to ship out around 1.2 million tonnes of wheat as it seeks to clear cargoes stuck at ports since last month's sudden ban of exports of the grain, government and trade so...

Importing US cotton: Bangladesh may lift double fumigation after field-level report

Importing US cotton: Bangladesh may lift double fumigation after field-level report

FE REPORT 2022-06-08 15:02:34

Bangladesh will consider lifting the requirement of double fumigation in importing cotton from the United States (US) on case-to-case basis - only after getting field-level inspection report from agri...

PMB load control system not to be ready by Jun 25

PMB load control system not to be ready by Jun 25

FE REPORT 2022-06-08 10:28:17

The axle load-control system which is supposed to be installed on the approach roads of Padma Bridge would not be functional on the day (June 25) of its opening for traffic, leaving a room for overloa...

Food traders to come under single roof, minister says

Food traders to come under single roof, minister says

FE REPORT 2022-06-08 10:21:53

Food Minister Sadhan Chandra Majumder on Tuesday said all the food traders will be brought under a single roof for maintaining sound supply of food items as well as ensuring their quality. From food...

Cut number of items from TDS, says FBCCI chief

Cut number of items from TDS, says FBCCI chief

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

Chief of the country's apex trade body Md Jashim Uddin on Monday urged the tax authority to reduce the number of items from tax deduction at source as it creates capital shortage of businesses. In...

Private ICDs run high risk handling chemicals

Private ICDs run high risk handling chemicals

NAZIMUDDIN SHYAMOL 2022-06-08 08:51:25

CHATTOGRAM: None of the 19 private ICDs has the permission or infrastructure necessary for storing and handling chemicals, including hydrogen peroxide, sources said, expressing fear that the facilitie...

BPC counts Tk 934m loss daily

BPC counts Tk 934m loss daily

M AZIZUR RAHMAN 2022-06-08 08:49:14

Bangladesh's petroleum agency now counts a soaring loss of around Tk 934 million daily as international oil prices have been high since the breakout of Russia-Ukraine war on February 24. Officials sa...

Bank account holders to get transaction reports twice a year

Bank account holders to get transaction reports twice a year

-- 2022-06-07 23:21:00

Bangladesh Bank (BB) on Tuesday instructed banks to provide "statement of transactions" and "balance confirmation certificate" of bank accounts to its clients twice a year. The Banking Regulations an...

Mobile operators must increase spectrum by December, says Mustafa Jabbar

Mobile operators must increase spectrum by December, says Mustafa Jabbar

-- 2022-06-07 22:16:33

Posts and Telecommunications Minister Mustafa Jabbar has said mobile phone operators in the country will have to take the required spectrum for their customer bases to reduce call drops and network pr...

ICC Bangladesh Executive Board re-elected

ICC Bangladesh Executive Board re-elected

FE ONLINE DESK 2022-06-07 14:21:52

Mr Mahbubur Rahman, Chairman & CEO of ETBL Holdings Limited has been re-elected as the President of International Chamber of Commerce (ICC) – Bangladesh, The world business organization&nbsp...

City Bank’s credit rating moves upward

City Bank’s credit rating moves upward

FE ONLINE DESK 2022-06-07 12:02:58

Credit Rating Agency of Bangladesh Limited (CRAB) upgraded the long term rating to AA1 from AA2 and also short term rating to ST-1 from ST-2 for City. The rating was assigned considering the bank&rsq...

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

-- 2022-06-07 11:10:54

BGMEA has listed products worth $8.3 million from 17 out of at least 50 apparel factories that stored goods for export at BM Container Depot, bdnews24.com reports. The depot in Chattogram’s Sit...

Govt to make direct contact with Brazil's soybean exporters

Govt to make direct contact with Brazil's soybean exporters

REZAUL KARIM 2022-06-07 10:04:46

The government has taken an initiative to establish direct contact between its relevant agencies and Brazilian exporters of soybean, aimed at securing timely and periodic supply of the essential commo...