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The Financial Express

Search results for: Trade

Exporters for LC payment in taka

Exporters for LC payment in taka

FE REPORT 2022-12-29 08:59:23

Driven by dollar dearth, exporters seek temporary policy intervention allowing them to comply with import-payment obligation in local currency to navigate the crunch time. Representatives from Ba...

Private sector should prepare to face new challenges of LDC graduation: FBCCI

Private sector should prepare to face new challenges of LDC graduation: FBCCI

-- 2022-12-28 21:18:26

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin on Wednesday said that the private sector should prepare from now on to face the challenges encompassing Ba...

BATB once again recognised as the highest taxpayer company

BATB once again recognised as the highest taxpayer company

FE ONLINE DESK 2022-12-28 20:24:19

British American Tobacco (BAT) Bangladesh has been awarded as the highest-income taxpayer for the fiscal year 2021-22. The National Board of Revenue (NBR) has honoured the BATB with this recognitio...

Apex rewards winners of Shop & Win campaign

Apex rewards winners of Shop & Win campaign

FE ONLINE DESK 2022-12-28 17:57:59

Apex Footwear Limited, which is recognised as the best retailer in footwear, has rewarded three online shoppers with exclusive grand prizes under the ‘apex4u.com Shop & Win’ campaign m...

Bank Asia celebrates 14th anniversary of its Islamic banking services

Bank Asia celebrates 14th anniversary of its Islamic banking services

FE ONLINE DESK 2022-12-28 17:24:06

Bank Asia has arranged a discussion meeting and doa mahfil to celebrate the 14th anniversary of its Islamic banking services at its corporate office in Paltan area of Dhaka. Mawlana Shah Mohammad W...

Shakawath Hossain adjudged ‘Best Hospitality Business Professional’

Shakawath Hossain adjudged ‘Best Hospitality Business Professional’

FE ONLINE DESK 2022-12-28 12:24:02

Md Shakawath Hossain, CEO of Unique Hotel and Resorts PLC, was awarded the “Best Hospitality Business Professional of the Year” at Weekly Arthakantha Business Excellence Award-2022. He is...

Nationwide GAP execution by 2025

Nationwide GAP execution by 2025

FE ONLINE DESK 2022-12-28 10:21:30

Full-fledged implementation of good agricultural practices (GAP) across the country could be possible within 2025, Ministry of Agriculture (MoA) Secretary Md Sayedul Islam said at a programme. The go...

Present tax system not favourable for industrial development, speakers say at BCI AGM

Present tax system not favourable for industrial development, speakers say at BCI AGM

FE Report 2022-12-28 09:09:04

The country's present tax system is not favourable for industrial development as it doesn't consider the losses incurred by the businesses during tax calculation. This was observed at the 36th Annual...

BD losing farm land by 0.19pc a year

BD losing farm land by 0.19pc a year

FE Report 2022-12-28 08:57:39

Bangladesh's farm land has been decreasing at the rate of 0.19 per cent every year, the Agriculture Census-2019 report says on Tuesday. According to the census conducted by the Bangladesh Bureau of...

All borders open to import of plethora of products

All borders open to import of plethora of products

DOULOT AKTER MALA 2022-12-28 08:49:24

All land borders open to potential cross-border trade as the government relaxes restrictions on a plethora of new products for import from Bangladesh's next-door neighbours. Also, customs sources say...

Economic zones wooing Turkish investment, envoy tells PM

Economic zones wooing Turkish investment, envoy tells PM

FE ONLINE DESK 2022-12-27 13:01:57

Government-sponsored 100 economic zones in Bangladesh are attracting more Turkish investment to come with their new investments, said outgoing Turkish ambassador Mustafa Osman Turan on Tuesday. H...

NIPRO JMI Pharma holds annual sales confce in Cox’s Bazar

NIPRO JMI Pharma holds annual sales confce in Cox’s Bazar

FE ONLINE DESK 2022-12-27 12:08:53

The Annual Sales Conference-2022 of NIPRO JMI Pharma Ltd, a Japan-Bangladesh joint-venture company, was held at a seaside hotel in Cox’s Bazar on 25 December 2022. Mohammad Abdur Razzaq, managi...

'Fix sugar prices based on LCs'

'Fix sugar prices based on LCs'

FE REPORT 2022-12-27 11:01:35

Local refiners have suggested that sugar rates at the domestic level should be fixed based on the import price and other different components so that they do not face any loss. They also sought their...

Mongla Port capacity building: Egis India to provide consultancy

Mongla Port capacity building: Egis India to provide consultancy

FE REPORT 2022-12-27 10:24:40

The Mongla Port Authority (MPA) will get project management consultancy services from Egis India in implementing a major project to enhance capacity of the country's second-largest sea port. To this...

Uber makes 150m km trips in 2022

Uber makes 150m km trips in 2022

FE REPORT 2022-12-27 09:08:04

Uber completed 150 million kilometres in total trips during 2022, marking the company's expansion to all the eight divisions of Bangladesh, according to its annual report - released on Monday. The re...

Skills dev policy awaits cabinet nod today

Skills dev policy awaits cabinet nod today

TALHA BIN HABIB 2022-12-27 09:02:29

Bangladesh is set to adopt a new national integrated rural and marginalised people development policy. Agriculture, fisheries, livestock and handicraft sectors will get priority for development throu...

Govt has no plan to allow egg import

Govt has no plan to allow egg import

FE REPORT 2022-12-27 09:00:01

The government has no plan to allow the import of farm eggs with an eye to protecting the interests of the domestic poultry industry. It wants to market eggs at a reasonable price for consumers throu...

Walton refrigerator gets ‘Best Brand Award’ for nitth time

Walton refrigerator gets ‘Best Brand Award’ for nitth time

FE ONLINE DESK 2022-12-26 13:49:49

Bangladesh’s electronics giant Walton has been honoured with the ‘Best Brand Award-2022’ for the ninth time in the refrigerator segment, says a press release on Monday. Walton refri...

Samsung Elec to expand chip production at largest plant next year: Media

Samsung Elec to expand chip production at largest plant next year: Media

REUTERS 2022-12-26 12:39:16

Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday...

Toyota's Nov global vehicle production rises 1.5pc to record 833,104

Toyota's Nov global vehicle production rises 1.5pc to record 833,104

REUTERS 2022-12-26 12:09:29

Toyota Motor Corp reported on Monday a 1.5 per cent rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3 per cent to 266,174 vehicles, while overseas...

REHAB Fair ends: Sales, bookings fetch Tk 3.51b

REHAB Fair ends: Sales, bookings fetch Tk 3.51b

FE REPORT 2022-12-26 10:07:30

Real estate companies have bagged bookings and spot sales worth over Tk3.51 billion at the five-day housing fair that concluded on Sunday. The figure includes Tk1.68 billion against flats sales or bo...

BTRC rejects application of 301 ISPs

BTRC rejects application of 301 ISPs

ISMAIL HOSSAIN 2022-12-26 09:11:37

The country's telecom regulator has rejected licence application of 301 internet service providers (ISP) as there is no room for new entrant for overcrowded broadband internet providers. More than ha...

BIDA wants to assist payment for five services at one go

BIDA wants to assist payment for five services at one go

FE REPORT 2022-12-26 09:07:46

The Bangladesh Investment Development Authority (BIDA) has moved to facilitate payment for five services, essential to start any business in the country, at one go through its one stop service (OSS) p...

Agro-fisheries exports: $2.02b looks tall target as shipments fall

Agro-fisheries exports: $2.02b looks tall target as shipments fall

YASIR WARDAD 2022-12-26 09:05:45

Agro-fisheries exports witnessed a massive fall so far this financial year after fetching record US$1.69 billion last fiscal year (FY). Despite having lucrative 10- to 20- percent incentives for busi...

Huge revenue hidden from shorthanded NBR hunt

Huge revenue hidden from shorthanded NBR hunt

DOULOT AKTER MALA 2022-12-26 08:52:25

Registered individual taxpayers in Bangladesh have swelled sevenfold in the last one decade while tax department lies shorthanded with its age-old setup, thus leaving much of potential revenue unnotic...

Russian shipbuilding opens to Bangladeshi workers

Russian shipbuilding opens to Bangladeshi workers

ARAFAT ARA 2022-12-25 10:11:17

The government is expected to send workers for shipbuilding industry in Russia at the beginning of the new year, officials said. A Russian shipbuilding company recently sent a demand note to the Bang...

Moniruzzaman new ICAB president

Moniruzzaman new ICAB president

FE REPORT 2022-12-25 09:06:35

The Institute of Chartered Accountants of Bangladesh (ICAB) has elected Md Moniruzzaman FCA as its president for the year 2023. In addition, Md Yasin Miah FCA, MBM Lutful Hadee FCA, and Md Johirul...

Deshbandhu to raise daily sugar production to 1,500 tonnes

Deshbandhu to raise daily sugar production to 1,500 tonnes

YASIR WARDAD 2022-12-25 09:01:40

Deshbandhu Sugar Mills Ltd is going to raise its production to 1,500 tonnes a day eying almost an 80 per cent growth next year (2023) to ensure optimum use of the capacity. Following the move, the De...

Titas Gas seeks refund of Tk 15.59b source tax

Titas Gas seeks refund of Tk 15.59b source tax

DOULOT AKTER MALA 2022-12-25 09:00:51

The Titas Gas Transmission and Distribution Company Limited (TGTDCL) has sought refund of Tk 15.59 billion source tax -- lying with the tax authority -- to offset acute liquidity crisis that is hamper...

Curtain falls on REHAB Fair today

Curtain falls on REHAB Fair today

FE REPORT 2022-12-25 08:59:39

The REHAB housing fair, which is going to conclude today (Sunday), drew a huge crowd on Saturday - a weekend. Potential customers started visiting the fair at the Bangabandhu International Conferen...