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Search results for: trade

Bangladesh among top 10 labour rights violators

Bangladesh among top 10 labour rights violators

FE REPORT 2022-06-30 10:07:38

Bangladesh, for the sixth consecutive year since 2017, ranks among top 10 worst countries in the world where labour rights are not guaranteed, according to a global survey. The Global Rights Index-20...

Local company to invest $8.5m in Uttara EPZ

Local company to invest $8.5m in Uttara EPZ

-- 2022-06-30 08:51:26

Bangladeshi company M/s Texas Clothing Limited is going to establish a garments manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of US$ 8.5 million, reports BSS. An a...

Discouraging lift imports will boost local manufacturing industry: Experts

Discouraging lift imports will boost local manufacturing industry: Experts

FE ONLINE DESK   2022-06-29 16:52:33

Local manufacturers, economists and experts noted that a conducive and industrial-friendly budget for the fiscal year 2022-23 has been proposed which will boost the local lift manufacturing sector. Fi...

Japan Metal inks MoU with Allied Venture to set up JV industry at MEZ

Japan Metal inks MoU with Allied Venture to set up JV industry at MEZ

OUR CORRESPONDENT, CHATTOGRAM 2022-06-29 12:56:04

A Bangladeshi private company and a Japanese company will set up an aluminum ingot and copper ingot factory at Mirsarai Economic Zone (MEZ) in Chattogram. Star Allied Venture Limited of Bangladesh...

BASIS to launch campaign in EU, UK tomorrow

BASIS to launch campaign in EU, UK tomorrow

FE REPORT 2022-06-29 12:41:45

Bangladesh Association of Software and Information Services (BASIS) is going to organise a week-long promotional events in three European countries - Austria, Hungary, Slovakia - and the United Kingdo...

Recovery roadmap study: BGMEA pairs up with PwC

Recovery roadmap study: BGMEA pairs up with PwC

FE REPORT 2022-06-29 11:16:37

The apparel apex body BGMEA teams up with PwC (PricewaterhouseCoopers) to conduct a study on the ready-made garment (RMG) sector recovery roadmap. In this connection, Bangladesh Garment Manufacturers...

BIDA inks MoU with ICAB on DVS

BIDA inks MoU with ICAB on DVS

FE REPORT 2022-06-29 10:37:01

Bangladesh Investment Development Authority (BIDA) will get access to a digital Documents Verification System or DVS that will help it verify the authenticity of audited financial statements of differ...

Producer price index indicates inflation surge

Producer price index indicates inflation surge

JASIM UDDIN HAROON 2022-06-29 08:22:36

Producer price index or PPI which tracks the prices businesses pay for their goods and services rose in March at the fastest pace since records have been kept, hitting consumers below the belt. Offic...

Shahjalal Islami Bank donates Tk 100m to PM's relief fund

Shahjalal Islami Bank donates Tk 100m to PM's relief fund

FE ONLINE DESK 2022-06-28 11:59:05

Shahjalal Islami Bank Ltd has donated Tk 100 million  (10.00 crore) to Hon’ble Prime Minister's Relief & Welfare Fund to help flood-affected people. Prime Minister Sheikh Hasina took p...

'Realistic monetary policy should be at play'

'Realistic monetary policy should be at play'

FE REPORT 2022-06-28 10:08:50

The central bank should continue its traditional monetary policy as a market imperative with more innovation and invest in the real economy to supply more goods and services to arrest inflation. Form...

TCB seeks logistic support for nationwide sales drive

TCB seeks logistic support for nationwide sales drive

FE REPORT 2022-06-28 09:51:47

The Trading Corporation of Bangladesh (TCB) has sought logistic support for carrying out its countrywide drive to sell essential commodities to some 10 million low-income families at subsidised rates...

Govt forms body to oversee rawhide preservation, transportation

Govt forms body to oversee rawhide preservation, transportation

FE REPORT 2022-06-28 09:48:08

The government has formed a central monitoring cell to oversee the purchase and sale, transportation and preservation of rawhide and skins of sacrificial animals during the upcoming Eid-ul-Azha. Indu...

Plastic goods makers hail govt for tax measures

Plastic goods makers hail govt for tax measures

FE REPORT 2022-06-28 09:43:25

Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) on Monday hailed the proposed budget for the financial year (FY) 2022-23 for its new taxation offers. The appraisal came at a...

'Women in RMG sector get lower wages than men'

'Women in RMG sector get lower wages than men'

MONIRA MUNNI 2022-06-28 08:32:21

Female workers, despite their larger representation in local garment factories, are paid lower than their male counterparts, according to a latest report of the International Labour Organisation (ILO)...

Cos fear biz cost escalation

Cos fear biz cost escalation

DOULOT AKTER MALA 2022-06-28 08:30:22

Corporates fear escalation of cost of doing business due to umpteen changes in tax measures and compliance strangleholds in the proposed budget, and plead for a rethink. Changes in definition of su...

ShopUp raises fresh $65m from US-based Valar Ventures

ShopUp raises fresh $65m from US-based Valar Ventures

FE REPORT 2022-06-28 08:27:19

Local startup ShopUp has raised $65 million in fresh investment from the US-based Valar Ventures to expand its operations further. The business-to-business (B2B) platform made the announcement on M...

MoFA, NBR back proposal to realise transit fees

MoFA, NBR back proposal to realise transit fees

SYFUL ISLAM 2022-06-28 08:18:54

Dhaka decides to realise various charges for transportation of oils and gas from Meghalaya into Tripura crossing over Bangladesh territory as catastrophic rains and landslides in northeastern India ha...

Russia's fashion industry looks for the silver lining

Russia's fashion industry looks for the silver lining

-- 2022-06-27 20:08:23

Under its glitzy facade, the Russian high-fashion industry faces an uncertain future. Scores of Western designer labels have quit Russia as part of a backlash against Moscow's decision to send troops...

Swiss bank Credit Suisse found guilty in cocaine cash laundering case

Swiss bank Credit Suisse found guilty in cocaine cash laundering case

-- 2022-06-27 19:57:36

Switzerland-based global investment bank and financial services firm Credit Suisse and a former employee have been found guilty by Switzerland's Federal Criminal Court of failing to prevent money-laun...

Mercantile Bank donates Tk 100m to PM’s relief fund

Mercantile Bank donates Tk 100m to PM’s relief fund

FE ONLINE DESK 2022-06-27 16:59:01

Mercantile Bank Limited (MBL) has donated Tk 100 million to the Prime Minister’s Relief Fund to help the flood-affected people of Sunamgonj, Sylhet and other districts of the country. Morshed...

12th Social Business Day kicks off today

12th Social Business Day kicks off today

FE ONLINE DESK 2022-06-27 15:02:14

The 12th SOCIAL BUSINESS DAY, hosted by Nobel Laureate Professor Muhammad Yunus, will be held from 27-30th June this year. The theme of SOCIAL BUSINESS DAY 2022 will be “Building a New Civilisat...

NBR needs holistic reform for financing budget

NBR needs holistic reform for financing budget

FE Report 2022-06-27 10:43:41

Holistic reform of the National Board of Revenue (NBR), appointing knowledgeable persons, is needed to earn mammoth targeted revenue to finance the Tk6.78-trillion national budget for the financial...

Food export bans, from India to Argentina, risk fueling inflation

Food export bans, from India to Argentina, risk fueling inflation

-- 2022-06-27 10:39:13

It only took 24 hours last month for Prime Minister Narendra Modi's government in India - the world's second-largest producer of wheat - to shelve its plans to "feed the world", Reuters reports. In A...

Loan disbursement: Janata Bank to adopt more cautious policy

Loan disbursement: Janata Bank to adopt more cautious policy

-- 2022-06-27 10:29:33

State-owned commercial bank Janata Bank Limited (JBL) looks to adopt a higher cautious policy while selecting borrowers in the coming days to help increase profitability. The bank will also priorit...

Boro procurement may fall short of target

Boro procurement may fall short of target

TALHA BIN HABIB 2022-06-27 10:04:37

The ongoing Boro procurement target this year might not be fulfilled as little quantity was procured compared to the target during the last nearly two months since its inception. Earlier, the governm...

CCC announces Tk 21.61b budget for FY '23

CCC announces Tk 21.61b budget for FY '23

NAZIMUDDIN SHYAMOL 2022-06-27 09:59:06

The Chattogram City Corporation (CCC) has announced an over Tk 21.61 billion (Tk 2,161 crore) budget for the next financial year (fiscal year 2022-23 or FY '23). Announcing the budget on Sunday, the...

Extract hydrocarbons forthwith or risk draining foreign exchange

Extract hydrocarbons forthwith or risk draining foreign exchange

FE REPORT 2022-06-27 08:22:32

It's high time the government shifted focus onto harnessing primary energy to avoid squandering forex on LNG imports and to ensure sustainable quality power supply at affordable prices, experts say....

Govt permits 1.0m-tonne rice import to ease mkt

Govt permits 1.0m-tonne rice import to ease mkt

YASIR WARDAD 2022-06-27 08:09:10

The government is going to primarily permit private sector to import a maximum of 1.0 million tonnes of rice to cool down its price on the domestic market. Sources say the move comes after the slashi...

Soybean oil price drops by Tk 6 per litre

Soybean oil price drops by Tk 6 per litre

-- 2022-06-26 20:29:11

The price of soybean oil has been decreased by Tk 6.0 per liter, which will be effective from Monday (June 27). The Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA)...

Govt set to permit private sector import of 1.0m tonnes of rice

Govt set to permit private sector import of 1.0m tonnes of rice

FE ONLINE REPORT 2022-06-26 19:32:05

The government primarily has set to permit importing maximum of 1.0 million tonnes of rice through the private channels to help bring down the price of the staple in the domestic market.  The de...