Search results for: trade

Indian trains to carry BD export goods

REZAUL KARIM 2022-09-17 08:45:25

Bangladeshi products will be transported to India on Indian container trains. After unloading their exportable items here, the trains will carry the Bangladeshi products on the return trip. The good...

Central bank warns businesses against accepting export proceeds in cryptocurrency

-- 2022-09-16 22:04:13

Bangladesh Bank has warned businesses against accepting export proceeds in cryptocurrency and retaining the funds abroad. Amid a dollar crunch, it also reminded people of the law that prohibits buyin...

‘Price list for nine essential commodities to be published in seven days’

-- 2022-09-16 21:28:24

The government will publish the price list of nine necessities in the country in accordance with the world market in the next seven days, said Commerce Minister Tipu Munshi. This list will be display...

RMG workers’ demand for wage hike is justified, says commerce minister

-- 2022-09-16 18:55:31

Commerce Minister Tipu Munshi on Friday said the demand of readymade garments (RMG) workers for salary hikes is logical in view of the rising commodity prices amid the current global economic situatio...

Uber says responding to 'cybersecurity incident'

REUTERS 2022-09-16 10:32:06

Uber Technologies said on Thursday it was investigating a cybersecurity incident, after a report that its network was breached and the company had to shut several internal communications and engineeri...

Jute Spinners resumes trial production after six yrs

FE REPORT 2022-09-16 09:50:33

Jute Spinners Ltd., a listed company, on Thursday resumed trial production at its manufacturing unit, which remained closed for more than six years since 2016. Earlier, the board of directors of Ju...

Oil extends losses on recession fears

REUTERS 2022-09-16 09:15:48

Oil prices dipped in early trade on Friday, extending the week's losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting f...

Fixing dollar price to affect export earnings: BFFEA

FE REPORT 2022-09-16 08:54:31

The country's frozen food exporters expressed their concern over fixing the US dollar price. They termed the big difference between its rates as 'discriminatory', which would affect their export earni...

Return submissions: First-timers to get until next June 30

FE REPORT 2022-09-16 08:51:08

First-time individual taxpayers will get an extended time frame up to 30 June 2023 for submitting their tax returns. Every year, time for submission of tax returns starts on 01 July 2022 and ends on...

BD eyes workplace wellness by 2030

MONIRA MUNNI 2022-09-16 08:46:38

Bangladesh has stepped up efforts to ensure safe and healthy workplace by 2030 through implementing the national action plan (NAP) on occupational safety and health (OSH), officials said. To this end...

Private airlines claim losses on domestic flights for fuel price hike

-- 2022-09-15 21:37:31

The private airlines claim they are struggling to operate domestic flights due to losses caused by an increase in fuel prices, fees and surcharges, and the facilities Biman Bangladesh Airlines is affo...

Farm egg prices hike again to Tk 150 per dozen

FE ONLINE REPORT 2022-09-15 20:12:55

Egg prices witnessed a hike again by Tk 10 per dozen on Thursday, intensifying the sufferings of the commoners.   A dozen brown farm eggs retailed at Tk 142-150 on the day until evening w...

Samsung to invest over $5.0b to become carbon-neutral by 2050

-- 2022-09-15 20:11:30

Samsung Electronics will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2050, the world's largest chip a...

Banglalink, ZTE bring next-generation 4G service

-- 2022-09-15 20:02:57

Banglalink and ZTE have launched the next-generation 4G service in Bangladesh with the new 2.3GHz time division duplex (TDD) spectrum in Khulna. The two parties showed high-speed internet services ba...

H&M gross sales miss as retailer struggles to compete with Zara

-- 2022-09-15 19:10:55

H&M has reported lower-than-expected quarterly sales as shoppers tighten their belts with energy and food bills soaring and the world's second-biggest fashion retailer struggles to compete with ri...

Thailand's top court rules Toyota unit must pay $272m in import duties

-- 2022-09-15 18:53:50

Thailand Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp owed the government 10 billion baht ($272.11 million) in extra taxes for importing components no...

ADB boosts support to ease food shortage in Asia, Pacific

-- 2022-09-15 17:31:02

The Asian Development Bank (ADB) has boosted its support to ease worsening food shortages in Asia and the Pacific by expanding assistance through its Trade and Supply Chain Finance Program (TSCFP) to...

22-day ban on hilsa fishing begins Oct 7

FE ONLINE DESK 2022-09-15 15:22:12

A 22-day government ban on catching, selling, hoarding and transporting of hilsa will come into effect from October 7 in a bid to save mother hilsa during peak breeding season. The ban will be lifted...

Samsung Elec to invest over $5b as it targets net zero emissions

-- 2022-09-15 13:21:41

Samsung Electronics will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2050, the world's largest c...

Dhaka muslin: Resurrecting the forgotten fabric in Cumilla!

FE ONLINE DESK 2022-09-15 13:10:42

Once the most valuable fabric on Earth, Dhaka muslin has now become almost extinct. Centuries on, researchers in Bangladesh have resurrected the forgotten enigmatic fabric after six years of effort -...

FBCCI seeks testing labs at ports for speedy release of goods

FE REPORT 2022-09-15 10:36:15

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government on Wednesday to set up testing labs at the country's seaports and land ports for the fast release of importe...

Offshore tax amnesty: People asked to disclose money to banks

-- 2022-09-15 10:35:10

People willing to bring back money home through availing of the offshore tax amnesty will have to voluntarily declare the amount to the commercial banks concerned. They will also have to request the...

More Hilsha export to India allowed

FE REPORT 2022-09-15 10:21:32

The government has allowed the export of 500 more tonnes of Hilsa fish to India ahead of Durga Puja, the biggest religious festival of the Hindu community. The Ministry of Commerce (MoC) gave a speci...

Government should duly handle employment, investment issues

-- 2022-09-15 09:29:08

Speakers at a roundtable on Wednesday said the government needs to properly address the issues relating to employment and investment in the 8th Five-Year Plan (8FYP), targeting implementation of the S...

Retail trade rules services sector

JASIM UDDIN HAROON 2022-09-15 08:49:08

Retail trade still rules the roost in Bangladesh's transitional economy with the highest gross value addition (GVA) worth Tk 2.087 trillion or nearly 63 per cent. A latest publication of Bangladesh B...

Seaports' capacity to boom on megaprojects

MIR MOSTAFIZUR RAHAMAN 2022-09-15 08:27:05

Bangladesh's port sector is in the cusp of massive expansion that prompts stakeholders to suggest bigger private-sector involvement to ensure efficiency in operation of the seaports. Some of the vent...

Bangladesh Bank holds workshop for Nagad officials

FE ONLINE DESK 2022-09-14 20:43:33

Bangladesh Bank (BB) has organised an awareness workshop for the officials of mobile financial service Nagad aiming to provide an overview of authorised financial institutions in the country. Hafia T...

Bangladesh Bank announces Merchandise Trade Policy

-- 2022-09-14 19:19:41

Bangladesh Bank has announced a Merchandise Trade Policy to diversify exports. Like Hong Kong and Singapore, Bangladeshi traders from now on can buy goods or services from another country and export...

Govt to procure 0.40m MTs rice through direct procurement

-- 2022-09-14 17:15:36

The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal in principle for procuring some 0.40 million tonnes of rice under the Direct Procurement Method (DPM). The approval came from...

Why not try Bangladesh as investment destination?

FE REPORT 2022-09-14 10:51:16

Commerce Minister Tipu Munshi has urged investors from Hong Kong to try Bangladesh for investment, in order to get benefits from the country's demographic dividend, skilled workforce and congenial inv...