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The Financial Express

Search results for: Trade

Vodafone wins arbitration against India in $2.0b tax case

Vodafone wins arbitration against India in $2.0b tax case

Reuters 2020-09-25 19:34:32

Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2.0 billion tax c...

Facebook’s partner in Bangladesh pays Tk 17m in VAT, fines

Facebook’s partner in Bangladesh pays Tk 17m in VAT, fines

-- 2020-09-25 17:17:13

Httpool, the sales partner of social media titan Facebook in Bangladesh, has paid over Tk 17 million in VAT and fines for dues on being sued by the National Board of Revenue. The VAT Audit, Intellige...

Cheers and fears as India passes controversial labour reforms

Cheers and fears as India passes controversial labour reforms

REUTERS 2020-09-25 11:01:00

People hold placards as they attend a protest organised by various trade unions against labour law changes and the disinvestment and privatisation of public sector enterprises, in New Delhi, September...

CMSMEs lack skilled manpower, finance

CMSMEs lack skilled manpower, finance

FE REPORT 2020-09-25 10:27:08

The Dhaka Chamber of Commerce and Industry (DCCI) has identified challenges, including inadequate skilled manpower and limited access to finance, hindering growth of cottage, micro, small and medium e...

Projects under Indian LoCs: BR's performance unsatisfactory

Projects under Indian LoCs: BR's performance unsatisfactory

MUNIMA SULTANA 2020-09-25 10:24:43

The Bangladesh Railway's (BR) performance in implementing the projects under three Indian lines of credit (LoCs) has been recorded unsatisfactory even after a lapse of substantial time. Sources said...

NBR, BIDA team up to issue TINs

NBR, BIDA team up to issue TINs

DOULOT AKTER MALA 2020-09-25 09:57:54

The tax authority has joined hands with the BIDA to attract foreign direct investment (FDI) helping investors obtain tax registration under a single roof. Both the state agencies have reached a conse...

Private power plants bag Tk 86.09b in FY '20

Private power plants bag Tk 86.09b in FY '20

M AZIZUR RAHMAN 2020-09-25 09:26:40

The country's private sector-owned power plants, especially the oil-fired ones, bagged around Tk 86.09 billion from the government as 'capacity payment' in last fiscal year (FY), 2019-20. The plants...

‘Facilitate local trade in border areas’

‘Facilitate local trade in border areas’

FE ONLINE REPORT 2020-09-24 21:02:40

People-centric cross-border trade in local products through participation and partnership is a key for India-Bangladesh border area development, said Bipul Chatterjee, executive director, CUTS Interna...

BB limits credit card interest rate at 20pc

BB limits credit card interest rate at 20pc

-- 2020-09-24 20:08:02

The central bank has set a ceiling of 20 per cent interest on credit card bills to protect the interests of customers. The rate will be effective from Oct 1, Bangladesh Bank said in a notice on Thurs...

Imports fail to rein in onion prices in capital

Imports fail to rein in onion prices in capital

UNB 2020-09-24 20:01:58

Onion prices continue to remain high in Dhaka kitchen markets, despite imports coming into this country from neighbouring India. In markets like Anondobazar and Shyambazar, for instance, onions &mdas...

LankaBangla Food Assistance Program 2020 held at Chilmari, Ulipur

LankaBangla Food Assistance Program 2020 held at Chilmari, Ulipur

-- 2020-09-24 19:17:01

LankaBangla Foundation held Food Assistance Program 2020 for the flood victims of Chilmari and Ulipur Upazila of Kurigram district on September 22 and 23. More than 2,000 relief packets were distribu...

Gold prices slump

Gold prices slump

FE Online Report 2020-09-24 17:08:04

The prices of gold have fallen by Tk 2,500 per bhori on all four categories of the precious metal uniformly on Thursday. The local jewellers cut Tk 210 on per gram gold on 22, 21 and 18 carat and tra...

Uber’s Mideast business Careem witnesses quicker-than-expected recovery

Uber’s Mideast business Careem witnesses quicker-than-expected recovery

-- 2020-09-24 15:33:24

Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before the...

TikTok deal thrown into disarray

TikTok deal thrown into disarray

-- 2020-09-24 14:47:10

As China's ByteDance raced to seal a deal with Oracle Corp and Walmart to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone ca...

Taiwan offers support as chipmakers get caught in China-US trade war

Taiwan offers support as chipmakers get caught in China-US trade war

REUTERS 2020-09-24 12:01:18

Taiwan President Tsai Ing-wen promised on Thursday to help the island’s key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increa...

Rice prices up again

Rice prices up again

YASIR WARDAD 2020-09-24 09:56:12

Prices of rice increased further in major wholesale markets across the country in the last few days after remaining almost static for three weeks. The hike in the wholesale level is likely to impact...

NBR moves to ease return filing

NBR moves to ease return filing

DOULOT AKTER MALA 2020-09-24 09:39:20

The National Board of Revenue (NBR) has asked its field offices to issue tax acknowledgement slips immediately after submission of returns by the taxpayers. The income tax wing of the board issued ei...

Tanners buy all unsold rawhide from seasonal Ctg traders

Tanners buy all unsold rawhide from seasonal Ctg traders

OUR CORRESPONDENT 2020-09-24 09:39:12

CHATTOGRAM: The seasonal traders who collected raw hides here at low prices during Eid-ul-Azha last month, sold their unsold 0.1 million pieces of hides last week, finally getting rid of a large qua...

Matarbari port development: Bangladesh assigns two Japanese firms

Matarbari port development: Bangladesh assigns two Japanese firms

FE REPORT 2020-09-24 09:33:12

Bangladesh signed on Wednesday agreements with two Japanese consultancy firms for developing Matarbari port at Moheshkhali sub-district in Cox's Bazar. As per the deals, the government will pay Tk...

Global merchandise trade drops by 14.30pc in Q2: WTO

Global merchandise trade drops by 14.30pc in Q2: WTO

FE Online Report 2020-09-23 21:25:56

The volume of global merchandise trade dropped by 14.30 per cent in the second quarter of the current year due to Covid-19, according to the World Trade Organization (WTO). Merchandise trade is measu...

BPC cancels fuel import tender

BPC cancels fuel import tender

FE ONLINE REPORT 2020-09-23 17:44:16

State-run Bangladesh Petroleum Corporation (BPC) has cancelled the tender it had floated to import around 1.25 million tonne of refined petroleum products during January to June 2021. The BPC was eye...

Migrant workers lay siege to Dhaka streets, demanding Saudi visa, iqama

Migrant workers lay siege to Dhaka streets, demanding Saudi visa, iqama

FE Online Report 2020-09-23 13:52:11

A group of desperate migrant workers demonstrated in front of the Expatriates’ Welfare and Overseas Employment Ministry in Dhaka city on Wednesday. They demand extension of Saudi visas and vali...

Nike considering permanent shift to online sales

Nike considering permanent shift to online sales

-- 2020-09-23 11:38:31

Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump. The US company saw digital sales rocket 82 per cent during the June to August quarter, offsettin...

Frame comprehensive logistics policy to boost cross-border trade: Experts

Frame comprehensive logistics policy to boost cross-border trade: Experts

FE REPORT 2020-09-23 11:28:27

Experts at a webinar on Tuesday stressed the need for framing a comprehensive national logistics policy coupled with a dedicated authority to help facilitate cross-border trade. Besides establishment...

LC stations in Sunamganj-Meghalaya frontier incur Tk 120m loss in revenue

LC stations in Sunamganj-Meghalaya frontier incur Tk 120m loss in revenue

OUR CORRESPONDENT 2020-09-23 10:31:35

The government has incurred about Tk 120 million loss in customs revenue due to the suspension of trade through three Land Customs (LC) Stations in Sunamganj district frontiers due to Coronavirus pand...

Container vessel remains stuck in S'pore mid-sea

Container vessel remains stuck in S'pore mid-sea

SYFUL ISLAM 2020-09-23 09:42:50

A vessel carrying nearly 1,000 containers, stuffed with Bangladeshi export goods, remained stuck in the mid-sea for days as the Singapore port authority did not permit it for berthing after a crewme...

Land acquisition to eat up half of project costs

Land acquisition to eat up half of project costs

FHM HUMAYAN KABIR 2020-09-23 09:36:35

Roads and Highways Department (RHD) has proposed spending Tk 1.2 million for installing traffic signs & signals on each kilometre of road for a regional highway widening project in Jamalpur, insid...

BRAC Bank, USAID Feed the Future RDC Activity extend support to the farmers

BRAC Bank, USAID Feed the Future RDC Activity extend support to the farmers

FE Online Desk 2020-09-22 22:47:43

BRAC Bank and the United States Agency for International Development (USAID) Feed the Future (FtF) Bangladesh Rice and Diversified Crops (RDC) Activity have entered into a partnership to support...

DCCI stresses diverse logistic infrastructures to boost trade competitiveness

DCCI stresses diverse logistic infrastructures to boost trade competitiveness

FE Online Report 2020-09-22 17:41:37

Development of adequate, diverse logistics infrastructure including ports, multimodal sub-regional transport connectivity is important to improve our trade competitiveness and secure low-cost trade po...

Emirates collaborates with Huawei to expand reach in Chinese market

Emirates collaborates with Huawei to expand reach in Chinese market

FE Online Desk 2020-09-22 15:12:48

Emirates has enhanced collaboration with Huawei, one of the world’s top smartphone brands, to promote the Emirates app to Huawei phone users. Since January 2020, Emirates passengers have been d...