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Search results for: trade

Fuel oil price hike looms large

Fuel oil price hike looms large

FE REPORT 2022-06-15 08:53:51

The energy ministry was working on developing a suitable pricing formula for adjusting oil prices to a 'tolerable' level that would not affect the consumers and transport sector much, state minister...

Barcelona to sport UNHCR logo in place of UNICEF

Barcelona to sport UNHCR logo in place of UNICEF

-- 2022-06-14 19:52:59

Barcelona have signed a partnership deal with UNHCR, the United Nations Refugee Agency, whose logo will feature on the Spanish team's latest shirt in support of refugee children, the LaLiga club said...

Global advertising to grow by 8.4pc this year, predicts ad agency GroupM

Global advertising to grow by 8.4pc this year, predicts ad agency GroupM

-- 2022-06-14 18:08:53

The global advertising industry is expected to grow 8.4pc this year, despite ongoing geopolitical situations around the world and fears of a recession, a report on the sector said on Monday, reports R...

Bangladesh seeks IP facility’s continuation even after LDC graduation

Bangladesh seeks IP facility’s continuation even after LDC graduation

-- 2022-06-14 13:06:45

Bangladesh has sought the continuation of the existing intellectual property (IP) facility even after its graduation from the least developed countries (LDCs) list, BSS reports. “Considering th...

Over 0.5m workers get jobs abroad in five months

Over 0.5m workers get jobs abroad in five months

FE REPORT 2022-06-14 12:47:28

More than half a million workers found jobs abroad in the last five months of the current calendar year. Official data showed a total of 503,979 workers flew to different countries during the Janua...

RMG packaging makers seek cash incentive

RMG packaging makers seek cash incentive

FE REPORT 2022-06-14 11:00:47

The country's garment accessories and packaging makers and exporters urged the government to provide them with cash incentive and continue the existing 0.50 per cent source tax. Bangladesh Garments A...

Raw jute exporters push to reduce source tax to 0.25pc

Raw jute exporters push to reduce source tax to 0.25pc

FE REPORT 2022-06-14 10:29:35

Raw jute exporters have urged the government to reduce advance source tax to 0.25 per cent on their export earnings in the budget. Bangladesh Jute Association (BJA) made the demand through a statemen...

BPC profit plunges as Russia-Ukraine war sends fuel prices soaring globally

BPC profit plunges as Russia-Ukraine war sends fuel prices soaring globally

-- 2022-06-14 10:04:04

The Bangladesh Petroleum Corporation or BPC made a lot of profit over the past seven years, but the war between Russia and Ukraine is biting into its revenues, bdnews24.com reports. The BPC drew a pr...

RHD taking six years to build 1.85km road

RHD taking six years to build 1.85km road

FHM HUMAYAN KABIR 2022-06-14 09:56:33

The RHD has sought a revision of the 1.85km Bogura city-to-medical college connecting road project, with a proposal to increase the cost by 76 per cent to Tk 1.85 billion, insiders said on Monday....

Transporters scramble for routing vehicles thru PMB

Transporters scramble for routing vehicles thru PMB

MUNIMA SULTANA 2022-06-14 08:58:04

The Padma Multipurpose Bridge (PMB) will create a big demand for both passenger and easy goods transportation due to significantly saving travel time in river crossing and mileage cut-down by at lea...

Apple’s revenue from gaming, music likely to jump 36pc by 2025: JP Morgan

Apple’s revenue from gaming, music likely to jump 36pc by 2025: JP Morgan

-- 2022-06-13 21:41:08

Apple Inc's revenue from gaming and music offerings is expected to jump 36 per cent to $8.2 billion by 2025, JP Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscrip...

Bangladesh holds investment promotion event in Brunei

Bangladesh holds investment promotion event in Brunei

FE ONLINE REPORT 2022-06-13 19:17:56

Bangladesh High Commission in Brunei organised a programme to demonstrate the potential of Bangladesh’s economy for attracting investment. The event, titled ‘Bangladesh: A Potential and A...

Bangladesh seeks WTO steps to prevent sudden ban on food export

Bangladesh seeks WTO steps to prevent sudden ban on food export

-- 2022-06-13 18:39:26

Commerce Minister Tipu Munshi has urged the WTO to impose an embargo so the exporting countries can't abruptly stop export of food grains without prior notice to the importers. The minister placed Ba...

India tribunal rejects Amazon appeal against suspension of deal with Future

India tribunal rejects Amazon appeal against suspension of deal with Future

-- 2022-06-13 17:31:25

An Indian appeals tribunal on Monday rejected Amazon.com Inc's appeal against an antitrust suspension of its $200 million investment deal with Future Group, saying the US company concealed information...

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

-- 2022-06-13 13:03:36

It might look and smell like McDonald's but now it's Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia, Reuters reports. A new era...

Bring in advanced DFS products to cover more people,

Bring in advanced DFS products to cover more people,

FE REPORT 2022-06-13 10:31:55

Speakers at a webinar have stressed the need for introducing advanced financial products like digital loans, savings and micro-insurance through the country's digital financial services (DFS) to cov...

Accreditation essential for boosting export, speakers tell seminar

Accreditation essential for boosting export, speakers tell seminar

FE REPORT 2022-06-13 10:27:13

Speakers at a seminar have emphasised standardising accreditation and certification authorities in compliance with the international standards for better acceptance of Bangladeshi products in the glob...

Bangora gas field output on the wane, halves in seven years

Bangora gas field output on the wane, halves in seven years

M AZIZUR RAHMAN 2022-06-13 08:58:37

Natural gas production from onshore Bangora gas field, operated by Singapore-based upstream oil and gas company KrisEnergy Ltd, is depleting fast with the output having less than halved to around 52...

Stop sudden ban on export of food products, Bangladesh urges global community 

Stop sudden ban on export of food products, Bangladesh urges global community 

-- 2022-06-12 22:00:00

Bangladesh has urged the global community for stopping sudden ban on export of food products.  The Bangladesh government at the opening day of the 12th Ministerial Meeting of the World Trade Org...

WTO chief hopes ministerial conference may yield one or two deals

WTO chief hopes ministerial conference may yield one or two deals

-- 2022-06-12 21:30:23

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals thi...

NBR to install 10,000 EFD in Dhaka, Chattogram to prevent VAT evasion

NBR to install 10,000 EFD in Dhaka, Chattogram to prevent VAT evasion

-- 2022-06-12 15:36:52

The National Board of Revenue (NBR) will install 10,000 Electronic Fiscal Devices (EFDs) in Dhaka, Chattogram and other big cities in the fiscal year 2022-23 in a bid to prevent Value Added Tax(VAT) e...

Rokia A Rahman, A K Azad re-elected as Vice Presidents of ICC Bangladesh

Rokia A Rahman, A K Azad re-elected as Vice Presidents of ICC Bangladesh

FE ONLINE DESK 2022-06-12 14:19:58

Rokia A Rahman, Former President of MCCI and A K Azad, Former President of FBCCI were re-elected as Vice Presidents of International Chamber of Commerce (ICC) – Bangladesh, The world business or...

Proposed budget likely to encourage fridge assembling industry, increase spare parts import

Proposed budget likely to encourage fridge assembling industry, increase spare parts import

FE ONLINE DESK 2022-06-12 12:31:35

In line with the proposed budget for the fiscal year 2022-23, tariffs on import of spare parts at the local refrigerator and freezer production industry have been significantly cut down. Industry ins...

BFFEA terms budget as 'practical'

BFFEA terms budget as 'practical'

-- 2022-06-12 10:03:10

Hailing the proposed budget for fiscal year (2022-23), the Bangladesh Frozen Foods Exporters Associa-tion (BFFEA) has termed it as 'practical' and 'time befitting', reports BSS. BFFEA President Md Am...

Electricity demand in Rajshahi region to grow by 3 times in five years: Nasrul Hamid

Electricity demand in Rajshahi region to grow by 3 times in five years: Nasrul Hamid

-- 2022-06-12 10:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the demand for electricity in Rajshahi region will increase by three times in the next five years. "So, you should take n...

Budget skips proposals for IT sector: BASIS

Budget skips proposals for IT sector: BASIS

-- 2022-06-12 09:57:24

Leaders of the Bangladesh Association of Software & Information Services (BASIS) on Saturday said the budgetary measures for the IT sector in the budget for fiscal year 2022-23 did not reflect the...

Apparel exports to US witness 65pc growth

Apparel exports to US witness 65pc growth

FE REPORT 2022-06-12 09:54:23

The country's apparel exports to the US maintained a robust growth in terms of both value and volume during the first four months of 2022. The US imported readymade garment (RMG) items worth US$3.29...

MetLife extends investment portfolio with BDT 1.16b DBH bond subscription

MetLife extends investment portfolio with BDT 1.16b DBH bond subscription

-- 2022-06-12 09:51:36

To continue providing sustainable financing to local corporates and better returns on customers' insurance policies, MetLife Bangladesh has further diversified its investment portfolio through its sub...

Implementation of budget requires involvement of professionals : ICMAB

Implementation of budget requires involvement of professionals : ICMAB

FE REPORT 2022-06-12 09:50:02

The successful implementation of the proposed budget requires the involvement of the professionals. Implementation of the proposed large budget may be a challenge for the government, though not i...

ICAB urges steps to zoom tax net

ICAB urges steps to zoom tax net

FE REPORT 2022-06-12 09:23:18

Citing the proposed national budget as time-befitting, chartered accountants (CAs) suggest that government take further steps to widen tax net in order to enhance the tax-GDP ratio. The proposed budg...