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The Financial Express

Search results for: Trade

Importers and exporters: Mandatory e-payment of customs duty, taxes from July next

Importers and exporters: Mandatory e-payment of customs duty, taxes from July next

FE REPORT 2020-09-13 09:24:03

The revenue board is set to make electronic payment of customs duty and other taxes above Tk 0.2 million mandatory for importers and exporters. All customs houses and stations would implement it from...

New Jersey-based Bayshore recalls two lots of Beximco drug

New Jersey-based Bayshore recalls two lots of Beximco drug

-- 2020-09-12 23:39:11

New Jersey-based Bayshore Pharmaceuticals has recalled two lots of the extended-release metformin tablets manufactured by Beximco Pharmaceuticals, after finding high levels of a probable carcinogen in...

Bangladesh market sees price-hike of onion, ginger, potato, lentil

Bangladesh market sees price-hike of onion, ginger, potato, lentil

FE REPORT 2020-09-12 09:58:56

Onion, ginger, potato and lentil prices increased further last week compounding sufferings of the consumers who had to dig deep into their pockets to meet rising expenditures triggered by price hike...

Agro-food units in EPZs losing competitiveness

Agro-food units in EPZs losing competitiveness

FE REPORT 2020-09-12 09:52:50

The agro-food processing and jute goods-producing industries inside export processing zones (EPZs) are losing traction in export competitiveness for not getting the existing cash incentive facility....

Ceramic industry takes a hit from pandemic

Ceramic industry takes a hit from pandemic

SAIF UDDIN 2020-09-12 09:25:14

The Covid-19 pandemic has dealt a severe blow to the country's ceramic goods manufacturing industry, which had been showing a remarkable prospect in the recent years. The industry is now struggling t...

Jute goods export: L/C to be made mandatory

Jute goods export: L/C to be made mandatory

FE REPORT 2020-09-12 09:25:05

The government is considering mandatory opening of irrevocable confirmed letter of credit (L/C) or advance recovery of proceeds against export of jute goods to avoid uncertainty over receiving payme...

Covid slows metro rail work

Covid slows metro rail work

FHM HUMAYAN KABIR 2020-09-12 09:19:47

The first metro rail construction work has slowed as the fallout of COVID-19, making it uncertain for the authorities to launch by December 2021, insiders say. The Dhaka Mass Transit Company Limited...

Jewellers increase gold prices again

Jewellers increase gold prices again

-- 2020-09-11 19:44:48

Jewellers in Bangladesh have scaled up gold prices again after reducing them twice following a rise to all-time high rates. Unlike most of the times, when gold prices were hiked in the local market f...

Govt fails to meet rice purchase target even by extended deadline

Govt fails to meet rice purchase target even by extended deadline

-- 2020-09-11 14:00:51

The government is falling behind its target in buying 2.1 million tonnes of Boro rice despite an extended deadline. Millers are refusing to sell rice to the government, breaching their contracts, as...

BPC to import 1.25m tonnes of petroleum products

BPC to import 1.25m tonnes of petroleum products

FE REPORT 2020-09-11 10:55:15

The Bangladesh Petroleum Corporation (BPC) will import an estimated 1.25 million tonnes of refined petroleum products from January to June 2021. The amount is up 18.39 per cent from the correspondi...

Govt to establish 50 more industrial parks by 2030

Govt to establish 50 more industrial parks by 2030

FE REPORT 2020-09-11 10:03:09

The government will set up 50 more industrial parks on 20,000 acres of land which will create jobs for five million people by 2030, said industries minister Nurul Majid Mahmud Humayun on Thursday....

Synesis IT achieves ISO 27001: 2013 certificate

Synesis IT achieves ISO 27001: 2013 certificate

FE Online Desk 2020-09-11 00:24:37

Synesis IT, Bangladesh's leading ICT and e-Governance, Tele-Health and Call Center solution services provider has recently achieved ISO 27001: 2013 certification. In many cases, users' personal infor...

Bangladesh, Hungary to boost ties in nuclear energy, training

Bangladesh, Hungary to boost ties in nuclear energy, training

-- 2020-09-10 17:16:47

Bangladesh and Hungary on Thursday agreed to enhance cooperation in the field of nuclear energy and required training for skilled manpower. The two countries also discussed the safe return of Rohing...

8,000 Boeing 747 needed to deliver COVID-19 vaccine globally, says IATA

8,000 Boeing 747 needed to deliver COVID-19 vaccine globally, says IATA

-- 2020-09-10 17:05:45

Shipping a coronavirus vaccine around the world will be the "largest transport challenge ever" according to the airline industry, reports BBC. The equivalent of 8,000 Boeing 747s will be needed, the...

Emirates resumes passenger services to Moscow from Sept 11

Emirates resumes passenger services to Moscow from Sept 11

FE Online Desk 2020-09-10 16:00:29

Emirates will re-start passenger services to Moscow Domodedovo Airport (DME) with two flights a week, starting tomorrow (11 September). Flights to Moscow will operate on Fridays and Saturdays. The re...

Guardian Life launches young professional dev programme

Guardian Life launches young professional dev programme

-- 2020-09-10 15:25:04

The Guardian Life Insurance Limited (GLI) has initiated an online programme titled 'Accelerate 'Guardian of the Future' for the development of young professionals, says a statement. It is a rigorous...

Northern Bangladesh sees booming tea sector

Northern Bangladesh sees booming tea sector

BSS 2020-09-10 15:21:22

The booming tea sector in the ‘Kartoa Valley’ ecological zone comprising five districts in northern Bangladesh effectively changes the economy improving the living standard of thousands of...

Truck registration nearly doubles in a decade

Truck registration nearly doubles in a decade

FE ONLINE REPORT 2020-09-10 13:05:14

The number of registered trucks in the country nearly doubled over the past decade, thanks to people’s growing purchasing power as well as soaring economy, according to an official data. A tota...

Private millers urge govt to discourage raw jute export to protect industry

Private millers urge govt to discourage raw jute export to protect industry

FE Report 2020-09-10 11:44:55

Private jute millers and spinners on Wednesday called upon the government to discourage raw jute export in order to meet local demand first amid lower production this year. They also urged the auth...

Row over formation of two new chambers under DNCC, DSCC

Row over formation of two new chambers under DNCC, DSCC

-- 2020-09-10 09:46:45

Businesses have been locked in a row over the proposals for establishing two separate new trade bodies under Dhaka North City Corporation (DNCC) and Dhaka South City Corporation (DSCC), sources said....

VIVO to launch new phone of Y series with side fingerprint

VIVO to launch new phone of Y series with side fingerprint

FE Online Desk 2020-09-09 23:40:59

Vivo is going to launch a new smartphone with side fingerprint sensor technology. The new smartphone of Vivo Y series will be launched in Bangladesh soon. Besides side fingerprint sensor, the new sma...

Prime Bank and Grameenphone join hands to empower SMEs

Prime Bank and Grameenphone join hands to empower SMEs

FE Online Desk 2020-09-09 20:57:47

Prime Bank Limited and Grameenphone have partnered to enable SMEs with financial and connectivity solutions. The partnership declaration came at a webinar, organized by Prime Bank Ltd on Wednesday wh...

Bangladesh’s maiden blockchain-based cross-border remittance service

Bangladesh’s maiden blockchain-based cross-border remittance service

FE Online Desk 2020-09-09 20:37:25

Standard Chartered Bank, in partnership with bKash, the largest mobile financial service provider in Bangladesh, and Valyou, Malaysia’s leading digital remittance provider, on Wednesday announ...

India's Reliance Jio to roll out 100m low-cost phones by December

India's Reliance Jio to roll out 100m low-cost phones by December

-- 2020-09-09 20:10:51

Reliance Industries Ltd is looking to outsource the manufacturing of over 100 million low-cost smartphones that will be built on Google’s Android platform. The phones, which will be bundled wit...

NBR cancels this year's tax fair

NBR cancels this year's tax fair

FE Online Report 2020-09-09 16:23:17

The National Board of Revenue (NBR) has decided not to hold the income tax fair this year, in view of risks of corona infections in any public gathering. The NBR usually holds the week-long tax fair...

Violence, harassment key reasons for quitting RMG jobs: Study

Violence, harassment key reasons for quitting RMG jobs: Study

MONIRA MUNNI 2020-09-09 10:26:53

Violence and harassment are major factors in men and women workers leaving their jobs while pregnancy is a leading reason for women in the country's readymade garment industry, according to a latest I...

WB may provide $170m for customs modernisation

WB may provide $170m for customs modernisation

FHM HUMAYAN KABIR 2020-09-09 10:25:23

The World Bank (WB) has expressed interest to help the National Board of Revenue (NBR) modernise its customs procedure for promoting regional trade and investments, officials said on Tuesday. The W...

ICAB, NBR joint move to develop DVS

ICAB, NBR joint move to develop DVS

FE DESK REPORT 2020-09-09 10:13:42

The Institute of Chartered Accountants of Bangladesh (ICAB) and the National Board of Revenue (NBR) are jointly working to develop a Document Verification System (DVS) to authenticate the audited fina...

NBR to provide EFDs among shops with similar business

NBR to provide EFDs among shops with similar business

FE Report 2020-09-09 09:52:59

The National Board of Revenue (NBR) has planned to distribute Electronic Fiscal Devices (EFDs) to shops selling similar types of products in a bid to maintain uniformity. In the second phase, it wi...

Smooth supply of onion: Govt initiates necessary steps

Smooth supply of onion: Govt initiates necessary steps

REZAUL KARIM 2020-09-09 09:48:53

The government has taken initiative to engage the line ministry/different state agencies in ensuring smooth supply of onion in the market, officials said. It has also asked the authorities concerned...