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The Financial Express

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Indian commodities: Dhaka to place revised annual import quota

Indian commodities: Dhaka to place revised annual import quota

FE REPORT 2023-01-17 12:15:24

Bangladesh will place its revised annual quota for importing seven commodities-rice, wheat, sugar, pulses, onion, garlic and ginger-from India in line with Delhi's suggestion to this end. For this, t...

Paddy price drops but rice remains high

Paddy price drops but rice remains high

Yasir Wardad 2023-01-17 09:23:42

Prices of paddy have declined 10-12 per cent in the last two weeks, which has hardly been reflected in the city rice market as most of the varieties remained almost in a static trend maintaining the p...

Light engineering: $25b earnings possible through export

Light engineering: $25b earnings possible through export

FE REPORT 2023-01-17 09:22:06

Bangladesh can earn $25 billion through exporting light-engineering products to potential markets like China, the USA, India, Singapore and Japan, provided that necessary policy support is given to...

CEPA negotiations likely to start in two months

CEPA negotiations likely to start in two months

REZAUL KARIM 2023-01-17 08:53:47

Bangladesh and India are expected to start negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA) within the next two months, officials said. They said Dhaka is set to comme...

Karnaphuli tunnel opening likely to be delayed

Karnaphuli tunnel opening likely to be delayed

FHM HUMAYAN KABIR 2023-01-17 08:48:49

Opening the Karnaphuli tunnel is likely to be delayed further, as the government is going to revise the project today (Tuesday) for the second time - extending its completion deadline by one more year...

BCC, JFTC may sign MoC in March

BCC, JFTC may sign MoC in March

FE REPORT 2023-01-16 11:59:37

A memorandum of cooperation (MoC) between the Bangladesh Competition Commission (BCC) and the Japan Fair Trade Commission (JFTC) is expected to be signed in March, sources said. The move has been tak...

Shrimp adulteration continues unabated; exporters worried

Shrimp adulteration continues unabated; exporters worried

UNB 2023-01-16 11:55:40

Despite drives by police, RAB and Fisheries Department in Bagerhat over the past few years to stop adulteration of shrimp, the malpractice of dishonest traders continues unabated. Shrimps are exporte...

IsDB regional office gets VAT exemption

IsDB regional office gets VAT exemption

FE REPORT 2023-01-16 08:49:12

The National Board of Revenue (NBR) has exempted the Islamic Development Bank (IsDB) regional office in Dhaka from VAT payment in obtaining services and supply of products at local stage. The Jedda...

Three MNOs must pay Tk 24b dues as per apex court verdict: BTRC

Three MNOs must pay Tk 24b dues as per apex court verdict: BTRC

FE REPORT 2023-01-16 08:30:14

The country's telecom regulator has said three mobile network operators (MNOs) will have to pay Tk24 billion dues as per the Supreme Court verdict. At a press conference held at BTRC office in the...

AB Bank stands firm with PM Hasina

AB Bank stands firm with PM Hasina

FE ONLINE DESK 2023-01-15 21:40:40

AB Bank stands firm with Prime Minister Sheikh Hasina to build homes (Ashrayan-2 project) for homeless and displaced people in the country. The prime minister graced the occasion as chief guest, sa...

Banks can now fix interest rates on credit card loans

Banks can now fix interest rates on credit card loans

-- 2023-01-15 19:49:09

The Bangladesh Bank (BB) has said that banks can now fix the interest rates on their credit card loans. The central bank informed the decision after allowing the lenders to charge up to 12 per cent i...

Mohammed Younus re-elected chairman of Shahjalal Islami Bank

Mohammed Younus re-elected chairman of Shahjalal Islami Bank

FE ONLINE DESK 2023-01-15 11:15:30

Mohammed Younus has been unanimously re-elected as the chairman of the board of directors of Shahjalal Islami Bank Limited in its 354th board meeting held in the capital on Wednesday. At the same mee...

Growth hamstrung by high paid-up capital requirement

Growth hamstrung by high paid-up capital requirement

SAJIBUR RAHMAN 2023-01-15 09:04:32

The rate of registration of One-Person Companies (OPCs) with the Office of the Registrar of Joint Stock Companies and Firms (RJSC) has not witnessed growth as expected due to the imposition of high...

Power tariff hike poses a challenge for private sector, says DCCI president

Power tariff hike poses a challenge for private sector, says DCCI president

FE REPORT 2023-01-15 08:59:29

The Dhaka Chamber of Commerce and Industry (DCCI) has raised a concern about the recent electricity tariff hike, saying that this will be a challenge for the private sector. "The recent retail electr...

Anwar-ul Alam Chowdhury re-elected BCI president

Anwar-ul Alam Chowdhury re-elected BCI president

-- 2023-01-14 18:25:55

Anwar-ul Alam Chowdhury (Parvez), chairman of Evince Group, has been re-elected as president of Bangladesh Chamber of Industries (BCI) for the term of 2023-2025. Besides, Priti Chakraborty, chairman...

Twitter's laid-off workers asked to drop lawsuit over severance

Twitter's laid-off workers asked to drop lawsuit over severance

-- 2023-01-14 17:38:01

Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration than a class-action...

Qatar, UAE energy ministers say world will need natural gas for a long time

Qatar, UAE energy ministers say world will need natural gas for a long time

-- 2023-01-14 16:13:51

The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, energy ministers of Qatar and the U...

India's NDTV says president, other senior execs resign

India's NDTV says president, other senior execs resign

-- 2023-01-14 12:05:15

New Delhi Television Ltd said on Friday that some more of its senior executives, including President Suparna Singh, had resigned, a move that comes less than a month after the Adani Group took co...

Bitcoin climbs above $20,000 first time in over two months

Bitcoin climbs above $20,000 first time in over two months

Reuters 2023-01-14 09:11:49

Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6 per cent to $20,853 at 01:01 GMT on Saturday, adding $92...

Ginger output stuck at 80k tonnes

Ginger output stuck at 80k tonnes

YASIR WARDAD 2023-01-14 09:01:35

Production of ginger has almost been stagnant at around 80,000 tonnes for the last one decade, while demand for the important and herbal spice has surged five times by this time, said insiders. The...

Specialised SIMs for foreign tourists by February-end

Specialised SIMs for foreign tourists by February-end

ISMAIL HOSSAIN 2023-01-14 09:00:36

A specialised type of SIM cards for tourists is going to be introduced by the end of next month to facilitate smooth staying of foreigners while visiting the country. The Bangladesh Telecommunication...

Dollar-duty whammy harms fruit import

Dollar-duty whammy harms fruit import

FE REPORT 2023-01-14 08:58:34

The prevailing dollar crunch, coupled with the recently increased regulatory duty, has stood in the way of importing many types of fresh fruits in recent times. Even after providing 100-per cent LC (...

Fraudulence of migrants: Three districts deliver arbitration service

Fraudulence of migrants: Three districts deliver arbitration service

ARAFAT ARA 2023-01-14 08:57:04

The government has decentralised the arbitration service at three districts so that outbound workers can receive legal support without hassle. Allegations have it that many workers face sufferings...

Imports slump amid financial belt-tightening

Imports slump amid financial belt-tightening

JASIM UDDIN HAROON 2023-01-14 08:48:42

Imports slumped in terms of value of letters of credit or LCs in the first half of this fiscal year as Bangladesh gets tightfisted to ease pressures on its foreign-exchange reserves. According to Ban...

Holiday market opens in Agargaon

Holiday market opens in Agargaon

FE ONLINE DESK 2023-01-13 18:36:01

A holiday market was opened in Agargaon area in Dhaka on Friday under an initiative of Dhaka North City Corporation (DNCC) and Oikkyo Foundation. The initiative was taken as a pilot project to sell t...

Tesla slashes prices on its electric vehicles in United States, Europe

Tesla slashes prices on its electric vehicles in United States, Europe

-- 2023-01-13 16:50:20

Tesla slashed prices on its electric vehicles in the United States and Europe, the automaker's website showed, extending a new strategy of aggressive discounting after missing Wall Street estimates fo...

North America aims to make 25pc of what it imports from Asia, Mexico says

North America aims to make 25pc of what it imports from Asia, Mexico says

FE ONLINE DESK 2023-01-13 15:33:44

Mexico, the United States and Canada plan to produce in North America 25 per cent of what they currently import from Asi a under a new drive to promote the integration o...

China's rapid reopening brings joy and woe for world markets

China's rapid reopening brings joy and woe for world markets

FE ONLINE DESK 2023-01-13 12:34:19

The rapid reopening of China's economy from COVID lockdowns is brightening the outlook for global investors keen to leave behind one of their worst years on record, but may also fuel the inf...

Oil heads for solid weekly gain on China demand hopes

Oil heads for solid weekly gain on China demand hopes

Reuters 2023-01-13 12:27:43

Oil prices slipped in early trade on Friday but were on track for gains of more than 6 per cent for the week on solid signs of demand growth in top crude-oil importer China and expectations of less ag...

BGMEA, SOWTEX to help connect more Bangladeshi RMG exporters with Indian textile suppliers

BGMEA, SOWTEX to help connect more Bangladeshi RMG exporters with Indian textile suppliers

FE ONLINE DESK 2023-01-13 11:32:58

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and SOWTEX have signed another memorandum of understanding (MoU) to increase the collaboration between Indian fabrics and value-a...