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Search results for: trade

H1 import duty: Receipts from top 20 items dip

H1 import duty: Receipts from top 20 items dip

DOULOT AKTER MALA 2020-01-19 10:32:57

Tax collection from top 20 imported items has plummeted by 39 per cent during the first half of the current fiscal year, in a major blow to the revenue target. The National Board of Revenue, or NBR,...

Eight organisations recognised at ‘1ST HSBC Business Excellence Awards’

Eight organisations recognised at ‘1ST HSBC Business Excellence Awards’

FE ONLINE REPORT 2020-01-18 22:32:47

The Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh has awarded eight organisations in different categories for their leadership in promoting the country and contributing to the...

BASIS members can make digital payments with co-branded credit cards

BASIS members can make digital payments with co-branded credit cards

FE Online Report 2020-01-18 16:57:48

Bangladesh Bank (BB) has authorised digital marketing payments with co-branded credit cards for the BASIS members to help increase the volume of transactions and development of the IT sector.  E...

FSIBL holds biz confce, 2020

FSIBL holds biz confce, 2020

FE Online Desk 2020-01-18 12:51:55

The three-day long Annual Business Conference of First Security Islami Bank Limited ended at Sarah Resort, Gazipur on Saturday. The Conference was presided over by Syed Waseque Md. Ali, Managing Dire...

City Bank, bKash sign deal

City Bank, bKash sign deal

FE Online Desk 2020-01-18 12:46:18

City Bank and bKash Limited, the largest mobile financial service provider in the country announced a strategic partnership, enabling bKash distributors to enjoy a working capital funding for short te...

Salman suggests amending Companies Act 1994

Salman suggests amending Companies Act 1994

REZAUL KARIM 2020-01-18 10:47:14

An adviser to the prime minister has requested the commerce ministry to expedite the process of amending the Companies Act to help improve business environment in the country. Prime minister's advise...

DITF abuzz with weekend visitors

DITF abuzz with weekend visitors

FE REPORT 2020-01-18 10:31:41

The Dhaka International Trade Fair (DITF) 2020 attracted a huge crowd on Friday, a public holiday, creating scopes for the city dwellers to visit the event and for the traders to make brisk business...

Veg exports grow by 117pc in H1

Veg exports grow by 117pc in H1

FE REPORT 2020-01-18 10:26:42

Country's vegetables exports showed strong performance in the first half of the current fiscal year 2019-2020. Insiders said improvement in compliance issues and opening markets by the European Union...

BGMEA pleads for incentivising jv apparel makers

BGMEA pleads for incentivising jv apparel makers

FE REPORT 2020-01-18 10:18:35

The garment-sector apex trade body has urged finance ministry to provide a 1.0-per cent cash incentive for joint-venture apparel manufacturers, officials said. The Bangladesh Garment Manufacturers an...

‘Made in Bangladesh’ expo begins in Qatar on Jan 28

‘Made in Bangladesh’ expo begins in Qatar on Jan 28

-- 2020-01-17 18:12:03

A three-day exhibition titled ‘Made in Bangladesh’ will begin on January 28 at the “Doha Exhibition and Convention Center (DECC)” in Qatar. Under patronise of the Export Promo...

China posts weakest growth in 29 years

China posts weakest growth in 29 years

Reuters 2020-01-17 11:42:10

China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this yea...

Edible oil, veg, cardamom, rice become costlier

Edible oil, veg, cardamom, rice become costlier

FE Report 2020-01-17 11:02:20

Loose cooking oil, vegetables, cardamom and some varieties of rice became costlier last week, raising sufferings of the consumers who have already been fored to go deep into their pockets to meet the...

Cabinet body okays buying non-urea fertilisers

Cabinet body okays buying non-urea fertilisers

FE REPORT 2020-01-17 10:55:01

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved importing 6.5 million tonnes of non-urea fertilisers. These will be imported from countries like Russia, Saudi Arabia, Morocco, T...

Stores bank on EFD shift move

Stores bank on EFD shift move

DOULOT AKTER MALA 2020-01-17 10:13:08

Retail shops and outlets except superstores are not issuing invoices from electronic devices, taking advantage of a transition from one device to another. They are evading value added tax (VAT) tradi...

Yasir Azman new CEO of Grameenphone

Yasir Azman new CEO of Grameenphone

-- 2020-01-16 18:41:55

The Board of Directors of Grameenphone has appointed Yasir Azman as the new CEO (Bangladeshi operation) with effect from February 1. Yasir Azman has served as CMO of Grameenphone since June 2015 and a...

Motorcycle registration marks slight increase

Motorcycle registration marks slight increase

FE ONLINE REPORT 2020-01-16 18:30:54

Motorcycle registrations increased slightly in the country in 2019 compared to that of 2018, according to official data. The number of registered motorcycles in the country stood at 406,897 in 2019 w...

Brazil's coffee exports up 13.9pc in 2019

Brazil's coffee exports up 13.9pc in 2019

Xinhua 2020-01-16 16:13:15

Brazil, the world's top coffee producer and exporter, saw its foreign sales grow 13.9 per cent in 2019 compared to the year before, reaching 40.6 million bags, the national Coffee Exporters Council (C...

BD open to raising palm oil imports from Malaysia

BD open to raising palm oil imports from Malaysia

FE ONLINE DESK 2020-01-16 14:54:25

In some good news for Malaysian palm oil sellers, Bangladesh is open to increasing palm oil imports from the Southeast Asian country if it offers competitive prices. "If they approach us we’ll...

Pitha Fest at Le Méridien Dhaka

Pitha Fest at Le Méridien Dhaka

FE Online Desk 2020-01-16 14:19:27

Le Méridien Dhaka is organising a 10-day-long ‘Pitha Fest’ from today (Thursday). Guests will be able to delve into the delicacies of pitha with regular buffet dinner at the Latest...

Carlos Ghosn's Japanese lawyers quit

Carlos Ghosn's Japanese lawyers quit

Reuters 2020-01-16 12:16:37

Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fight...

Japan’s Rakuten, Walmart’s Seiyu to open logistics site as online sales jump

Japan’s Rakuten, Walmart’s Seiyu to open logistics site as online sales jump

-- 2020-01-16 12:02:54

Japanese online retailer Rakuten and Walmart’s Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket busine...

Malaysia to raise concerns with India over palm oil curbs

Malaysia to raise concerns with India over palm oil curbs

REUTERS 2020-01-16 11:48:58

Malaysia will use diplomatic channels as it moves to resolve concerns over palm oil exports after India imposed some curbs last week, a minister said on Thursday. “This year, we foresee more ch...

Accord passes onus to new platform RSC

Accord passes onus to new platform RSC

FE REPORT 2020-01-16 10:57:54

Clothing makers and Accord have finally reached a consensus over the retailers' group's transitioning into the proposed Readymade Garment Sustainability Council (RSC). The consensus came along with a...

Rice imports so far are lowest in two decades

Rice imports so far are lowest in two decades

Yasir Wardad 2020-01-16 10:42:13

The country's rice import declined to a two-decade low in the current fiscal year (FY '20) thanks to persisting higher import duties and bumper local production, insiders have said. But such low impo...

RMG sector ‘passing a hard time’

RMG sector ‘passing a hard time’

FE Report 2020-01-16 10:34:03

Four international tradeshows on readymade garments (RMG) with participation of nearly 450 companies from more than 24 countries began at city's International Convention City, Bashundhara on Wednesday...

US, China sign Phase One trade deal

US, China sign Phase One trade deal

REUTERS 2020-01-16 10:31:43

The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US products, defusing an 18-month row between the world’s tw...

Surge in zero-tax filers

Surge in zero-tax filers

DOULOT AKTER MALA 2020-01-16 10:15:02

The submission of zero income tax returns by both individuals and companies has risen significantly in the current fiscal year. This has raised concern among tax officials who sense the concealment o...

PM to assess 10 'fast-track' projects Sunday

PM to assess 10 'fast-track' projects Sunday

FHM HUMAYAN KABIR 2020-01-16 10:07:53

Prime minister Sheikh Hasina is going to review the current status of 10 ongoing 'fast-track' mega projects on Sunday for streamlining their implementation, officials said on Tuesday. The PM-headed '...

Accord, BGMEA sign deal on transition council for workers’ safety

Accord, BGMEA sign deal on transition council for workers’ safety

-- 2020-01-15 21:01:41

The Accord on Fire and Building Safety in Bangladesh and the garment exporters’ body of the country have signed an agreement on establishing a council for the transition of responsibilities for...

Shanghai remains world's busiest container port in 2019

Shanghai remains world's busiest container port in 2019

Xinhua 2020-01-15 19:27:23

Shanghai port maintained the top position in the world in terms of container throughput in 2019, according to Shanghai Mayor Ying Yong on Wednesday. The container throughput of Shanghai port totalled...