Loading...

Search results for: trade

Tax file assessment: Discretion, not rules, becomes norm

Tax file assessment: Discretion, not rules, becomes norm

DOULOT AKTER MALA 2020-04-07 09:39:34

People are subjected to discrimination during assessment of their tax files due to the absence of a central guideline from the National Board of Revenue, or NBR. The intervention by tax commissioners...

TCB trucks fail to meet demand despite thin consumers' presence

TCB trucks fail to meet demand despite thin consumers' presence

TALHA BIN HABIB 2020-04-07 08:37:42

The dealers appointed by the Trading Corporation of Bangladesh (TCB) have posted trucks at different parts of the city on Monday, but with a very limited number of items. As a result, the consumers a...

Some conditions for milk food products import put on hold  over COVID-19

Some conditions for milk food products import put on hold over COVID-19

FE Report 2020-04-07 08:35:05

In the wake of COVID-19 pandemic, the government has temporarily put on hold some conditions for importing all kinds of milk food products including baby milk, officials said. From now on, importer...

Coronavirus care: Incepta ceases Reconil export

Coronavirus care: Incepta ceases Reconil export

FE REPORT 2020-04-07 08:26:28

Incepta Pharmaceuticals has stopped exporting Hydroxychloroquine under the brand name 'Reconil' to meet its possible demand to fight COVID-19 here. It has also scaled up production of the medicine th...

BPC set to cease imports of petroleum products in May

BPC set to cease imports of petroleum products in May

M AZIZUR RAHMAN 2020-04-07 08:14:41

State-run Bangladesh Petroleum Corporation, or BPC, is set to cease imports of petroleum products in May as the ongoing nationwide shutdown to combat the coronavirus pandemic has dented domestic deman...

RMG units shut until April 14

RMG units shut until April 14

Monira Munni 2020-04-07 07:54:51

Leaders of the apparel sector trade-bodies, after a meeting on Monday, decided to keep ready-made garment (RMG) factories closed until April 14 in line with the public holiday, following much criti...

Vehicle importers demand port fare exemption

Vehicle importers demand port fare exemption

-- 2020-04-06 20:44:50

Motor vehicle importers have urged the government to exempt port fare as the coronavirus outbreak continues to spread in the country. According to UNB, they also sought suspension of car auction unti...

Tougher punishment for using harmful chemicals in fish

Tougher punishment for using harmful chemicals in fish

-- 2020-04-06 19:59:40

A draft law has proposed harsher punishment for marketing and exporting fish or fish products mixing harmful chemicals. The Cabinet on Monday approved the draft of the Fish and Fish Products (Inspect...

Over 100 RMG factories remain open despite lockdown

Over 100 RMG factories remain open despite lockdown

-- 2020-04-06 14:54:43

More than 100 garment factories remained open in Savar and Ashulia ignoring safety concerns of the workers and calls to shut down amid concerns over a coronavirus outbreak in the country, according to...

‘Coordinated stimulus key to post-corona success’

‘Coordinated stimulus key to post-corona success’

FE ONLINE REPORT 2020-04-06 14:27:42

Collective efforts will be required to overcome the negative effects of the Covid-19 pandemic worldwide on Bangladesh’s exports and remittance earnings. Saying this, president of American Chamb...

China Harbour donates rice for corona-hit people of Anwara upazila

China Harbour donates rice for corona-hit people of Anwara upazila

FE Online Desk 2020-04-06 12:57:14

China Harbour Engineering Company Ltd (CHEC), an international company of China recently donated rice for the corona affected poor people of Anwara Upazilla in Chattogram. Xu Duo, a representative of...

No penal rent if goods cleared during ongoing holidays: CPA

No penal rent if goods cleared during ongoing holidays: CPA

FE ONLINE REPORT 2020-04-06 12:18:51

Chittagong Port Authority, or CPA, has said consignees will not require any mandatory payment of penal rents if they clear their goods from the port yards during the ongoing general holidays ending Ap...

Cut charges, include shippers in stimulus

Cut charges, include shippers in stimulus

FE REPORT 2020-04-06 10:35:42

The Bangladesh Container Shipping Association (BCSA) urged the government on Sunday to reduce some tariffs and charges to offset their loss amid the ongoing Covid-19 outbreak. The BCSA noted that t...

MoC seeks help of line ministries  Smooth supply of goods   

MoC seeks help of line ministries Smooth supply of goods  

FE REPORT 2020-04-06 10:31:16

The Ministry of Commerce (MoC) has sought line ministries' help to ease production, transportation and supply of essential items like baby food and medical equipment during the Covid-19 outbreak. The...

Corporates join hands with govt

Corporates join hands with govt

Doulot Akter Mala 2020-04-06 09:42:16

As part of their corporate social responsibility (CSR), large companies like banks and pharmaceuticals have joined forces with the government to fight COVID-19. The Bangladesh Association of Banks...

BR losing Tk 40-50m every day amid COVID-19 outbreak

BR losing Tk 40-50m every day amid COVID-19 outbreak

-- 2020-04-05 20:19:55

Bangladesh Railway (BR) is losing Tk 40-50 million in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government su...

Medical products account for 5.0pc of global trade

Medical products account for 5.0pc of global trade

FE Online Report 2020-04-05 19:30:06

World imports of medical products totalled U$1,011 billion in 2019, a 5.0 per cent increase from 2018. Together with exports, Global trade of medical products is estimated at $2.0 trillion which is a...

India restricts export of diagnostic testing kits

India restricts export of diagnostic testing kits

-- 2020-04-05 17:31:49

India is restricting the export of most diagnostic testing kits, as coronavirus cases in the South Asian nation topped 3,350 on Sunday despite a three-week nationwide lockdown to slow the spread of th...

Changan Ford to recall 48,933 sedans in China

Changan Ford to recall 48,933 sedans in China

-- 2020-04-05 17:11:56

Changan Ford Automobile Co. will recall 48,933 sedans from the Chinese market over safety concerns, according to the country's top quality watchdog. The recall, set to begin on April 7, will involve...

DIFE asks owners not to lay off workers during virus crisis

DIFE asks owners not to lay off workers during virus crisis

-- 2020-04-05 16:51:41

Several factory owners are planning to continue operations by trimming their workforces in a bid to offset the economic implications of the coronavirus crisis, according to the Department of Inspectio...

CUFL resumes production after 13 months

CUFL resumes production after 13 months

-- 2020-04-05 16:50:42

Chattogram Urea Fertilizer Factory Limited (CUFL) has resumed its production after 13 months of closure due to mechanical defects and gas crisis. The largest fertiliser factory of South Asia began it...

China Harbour stands beside Corona-hit people

China Harbour stands beside Corona-hit people

-- 2020-04-05 16:30:35

China Harbour Engineering Company Ltd (CHEC) donated food and coronavirus (COVID-19) prevention stuff among the poor families in Mirsarai Upazila of Chattogram district.  These families are badl...

Using IT services can help cut work loss in pandemic

Using IT services can help cut work loss in pandemic

 Saif Uddin 2020-04-05 10:02:43

Optimum use of different information technology (IT) services can help offset the work loss of professionals to some extent amid the prevailing social distancing regime in the wake of Covid-19 pandemi...

Virus to put a dent in overseas employment

Virus to put a dent in overseas employment

FE Report 2020-04-05 09:53:55

The country's overseas employment sector would face a blow for a long period of time due to coronavirus pandemic, according to a prediction by RMMRU. It said the inward remittances might decline in c...

Dairy farmers bear brunt of shutdown

Dairy farmers bear brunt of shutdown

SM NAJMUS SAKIB 2020-04-05 09:32:02

The recent government instruction to support the livestock sector, including dairy farmers, during the ongoing countrywide shutdown has hardly benefited the marginal dairy farmers, insiders have said....

Women entrepreneurs may face setback due to virus pandemic

Women entrepreneurs may face setback due to virus pandemic

Munima Sultana 2020-04-05 09:26:02

Women entrepreneurs are likely to face major hit in their businesses centring coronavirus pandemic in the country due to lack of adequate back up strength as they have already missed major business se...

Savar RMG units reopen today

Savar RMG units reopen today

Monira Munni 2020-04-05 09:03:35

Garment factories will remain open from today (Sunday) only at Savar off the city despite the ongoing shutdown amid the coronavirus pandemic, sources said. Considering the overall situation, Banglade...

Perishables take toll on farmers

Perishables take toll on farmers

YASIR WARDAD 2020-04-05 08:24:44

Poor demand amid the virtual lockdown has hit hard the farmers as they are forced to sell perishable items at much low rates than their production costs. The shutdown has taken its toll on vegetables...

PRAN-RFL Group stands by poor people

PRAN-RFL Group stands by poor people

FE Online Desk 2020-04-04 18:13:58

PRAN-RFL Group, one of the business conglomerates of Bangladesh has stood beside the helpless and poor people who have been affected by the lockdown due to coronavirus outbreak. The group is providin...

BB fixes 5pc LC margin for baby food import

BB fixes 5pc LC margin for baby food import

-- 2020-04-04 18:10:32

Bangladesh Bank (BB) has instructed the commercial banks to allow maximum 5 per cent letter of credit (LC) margin for baby food import on the basis of bank-client relationship to ensure sufficient sup...