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The Financial Express

Search results for: trade

3.2MWp rooftop solar plant opens in Narayanganj

3.2MWp rooftop solar plant opens in Narayanganj

FE REPORT 2022-04-12 10:40:59

The country's largest rooftop solar power plant under the opex model, a 3.2-megawatt peak (MWp) array, was inaugurated in Narayanganj on Monday. The facility has been established on a textile mill's...

Drive hastened to lure IOCs for bay gas hunt

Drive hastened to lure IOCs for bay gas hunt

M AZIZUR RAHMAN 2022-04-12 09:41:04

Scotland's Wood Mackenzie will work for sweetening Bangladesh's model production-sharing contract (MPSC) to lure international oil companies (IOCs) to explore hydrocarbons in the Bay. The hiring of t...

Chattogram-Dubai direct shipping service on cards

Chattogram-Dubai direct shipping service on cards

FE REPORT 2022-04-12 09:27:22

With the government high-ups keen to start a direct shipping service between Bangladesh and the United Arab Emirates (UAE) amid growing trade, the Ministry of Shipping has advanced faster to realise t...

Banks to impose at least 25pc margin on opening of LCs for non-essential items

Banks to impose at least 25pc margin on opening of LCs for non-essential items

-- 2022-04-11 22:00:44

Bangladesh Bank has asked banks to impose at least a 25 per cent margin on the opening of letters of credit (LCs) for non-essential consumer items to curb the escalated import payments. Baby food, fu...

First-ever Level 5 Competency-Based Training and Assessment training for Master Trainers

First-ever Level 5 Competency-Based Training and Assessment training for Master Trainers

-- 2022-04-11 20:18:13

The professionalisation of TVET teachers or trainers is critical in order to build a quality technical and vocational training system to produce highly skilled trainees.  Therefore improving the...

HSBC inaugurates new relocated branch in Uttara

HSBC inaugurates new relocated branch in Uttara

FE ONLINE DESK 2022-04-11 19:25:35

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has recently inaugurated its new relocated branch at Giant Business Tower, Uttara, Dhaka. Faruque Hassan, president of BGMEA and Rup...

BSTI starts issuing halal certificates for products, food

BSTI starts issuing halal certificates for products, food

-- 2022-04-11 18:13:25

The Bangladesh Standards and Testing Institution (BSTI) has started issuing halal certification alongside the quality certification of the products and food items it assesses and evaluates. According...

Two PGD courses of DCCI Business Institute begin

Two PGD courses of DCCI Business Institute begin

FE REPORT 2022-04-11 10:46:36

Two online postgraduate diploma (PGD) courses of the DCCI Business Institute (DBI) began for the new batches on Friday. The six-month-long courses are 'Customs, VAT and Income Tax Management' (6th ba...

Widen tax net, experts suggest at BMCCI discussion

Widen tax net, experts suggest at BMCCI discussion

-- 2022-04-11 09:23:38

Speakers at a pre-budget discussion underscored the need for gearing up the activities of revenue administration to widen the tax net, reports BSS. They made the observation at the discussion on the...

NBR studying way to boost furniture export

NBR studying way to boost furniture export

FE REPORT 2022-04-11 09:20:37

The National Board of Revenue (NBR) has started the process to conduct a feasibility study, aiming to find ways on how to boost export earnings from the country's furniture sector. The NBR has formed...

Steelmakers urge immediate ingredient tax waivers

Steelmakers urge immediate ingredient tax waivers

FE REPORT 2022-04-11 09:00:47

Steelmakers urge the government to waive all duties and taxes on raw materials forthwith, without waiting until new budget, to save the industry and construction works from a feared nosedive. They se...

Agent banking booms but lending remains paltry

Agent banking booms but lending remains paltry

FE REPORT 2022-04-11 08:42:59

Lending portfolio of fast-growing agent banking remained much lower than deposits, according to a latest report, as the bankers seem tight-fisted in disbursing loans. The report on state of agent ban...

Mercantile Bank training for MTOs

Mercantile Bank training for MTOs

-- 2022-04-10 17:14:55

Mercantile Bank Training Institute started three week long Foundation Training for its newly recruited Management Trainee Officers recently for the 2nd phase. A total number of 48 MTOs participated i...

Evaly co-founder Shamima hopeful of a fresh start  

Evaly co-founder Shamima hopeful of a fresh start  

-- 2022-04-10 17:07:47

Shamima Nasrin, a co-founder and former chairman of Evaly, has said she is hopeful of a fresh start and sought more time and support from customers and merchants to turn around. She discussed the iss...

SJIBL arranges ifter mehfil in Ctg

SJIBL arranges ifter mehfil in Ctg

-- 2022-04-10 17:06:30

  Shahjalal Islami Bank Limited organized an Ifter Mehfil and discussion meeting on “the Significance of Mahe Ramadan” recently at the Radisson Blu Chattogram. Chair...

Walton achieves new milestone

Walton achieves new milestone

FE ONLINE DESK 2022-04-10 12:10:25

Walton Hi-Tech Industries PLC has achieved a new milestone in the sales of its elevators, fans, LED lights, switch-sockets and other electrical appliance, according to a press release. It has sold ou...

Bangladesh set to move PTA proposal to Nepal

Bangladesh set to move PTA proposal to Nepal

FE REPORT 2022-04-10 10:24:48

Bangladesh is set to put forward a package of proposals, including the signing of Preferential Trade Agreement (PTA), with Nepal during the upcoming foreign office consultation (FOC), officials say....

Germany looks to work with BD on renewable energy

Germany looks to work with BD on renewable energy

-- 2022-04-10 10:21:41

Germany's State Secretary and Special Envoy for International Climate Action Jennifer Morgan on Saturday said they are keen to have stronger partnership with Bangladesh to scale up Bangladesh's rene...

Follow ‘RMG success model in plastic sector’

Follow ‘RMG success model in plastic sector’

FE REPORT 2022-04-10 10:15:20

Tax exemption for raw material import, central bonded warehouse facility, and policy modernisation can help sustain growth of the plastic industry in the post-LDC era, speakers said at a programme Sat...

Spot-market LNG imports rise on gas shortage

Spot-market LNG imports rise on gas shortage

M AZIZUR RAHMAN 2022-04-10 08:46:07

The government increases the import of liquefied natural gas (LNG) from the volatile spot market to overcome the countrywide gas crisis. The rise in LNG import is because of last week's abrupt fall i...

Failsafe device probing payroll tax-dodging

Failsafe device probing payroll tax-dodging

DOULOT AKTER MALA 2022-04-10 08:28:50

Evading payroll taxes is being made difficult for both employees and employers as taxmen start monthly scrutiny of salary payout through electronic tax deduction at source (e-TDS) system, as a measure...

Managers’ conference and business review meeting of BKB held

Managers’ conference and business review meeting of BKB held

-- 2022-04-09 16:39:20

A day-long managers’ conference and business review meeting for Barishal Division of Bangladesh Krishi Bank (BKB) was held at Hotel Graver Inn Internationl, Kuakata, Patuakhali on April 09. Man...

Bangladesh Bank, BRAC Bank sign agreement on Covid-19 refinancing to CMSMEs

Bangladesh Bank, BRAC Bank sign agreement on Covid-19 refinancing to CMSMEs

-- 2022-04-09 16:27:49

Bangladesh Bank and BRAC Bank have signed an agreement to provide refinancing facilities to the cottage, micro, small and medium enterprises (CMSMEs) under Covid-19 Stimulus Package to help small busi...

Eid sales getting pace in city

Eid sales getting pace in city

FE REPORT 2022-04-09 13:40:39

Sales in the city's shopping malls and fashion houses are gradually getting momentum ahead of the Eid-ul-Fitr, the largest religious festival of the Muslims. People usually buy new outfits and fashio...

EPB's no to CoO by associations

EPB's no to CoO by associations

FE REPORT 2022-04-09 11:14:27

The Export Promotion Bureau (EPB) is not in favour of granting the authority of issuing certificate of origin (CoO) of products to many associations. The EPB's opinion came after the Bangladesh Plast...

Subsidised essentials for 10m families cost Tk 6.53b

Subsidised essentials for 10m families cost Tk 6.53b

FE REPORT 2022-04-09 10:22:13

Supplying subsidised essentials to 10 million families as Ramadan ex-gratia under a government recipe would cost the exchequer over Tk 6.53 billion, officials say, apart from the ongoing market- inter...

Zakat funds hold potential on microfinance, poverty fronts

Zakat funds hold potential on microfinance, poverty fronts

SM NAJMUS SAKIB 2022-04-09 10:02:45

Despite being the second-largest Muslim country, Bangladesh performs poorly in zakat (Islamic almsgiving) collection and distribution, and it is still unsystematic. But this obligatory charity, tha...

Edible oil 6.0-13pc higher than govt rates

Edible oil 6.0-13pc higher than govt rates

FE REPORT 2022-04-09 08:50:55

Edible oil prices remained 6.0-13 per cent higher than the government-fixed rates on Friday as refiners and distributors were yet to supply oils with new price tags, said city grocers. Meanwhile, pri...

Expeditious VAT refund to UN, foreign orgs expected

Expeditious VAT refund to UN, foreign orgs expected

DOULOT AKTER MALA 2022-04-09 08:41:07

Foreign organisations in Bangladesh, including UN agencies, are expected to get VAT refund expeditiously as the revenue board's relevant office moves to go digital to end their long wait. Foreign age...

Duchess of Cambridge Kate Middleton wears clothes made in Bangladesh

Duchess of Cambridge Kate Middleton wears clothes made in Bangladesh

-- 2022-04-08 21:18:04

The Duchess of Cambridge, Kate Middleton, has been recently seen wearing a G-Star pant made by MBM, a Bangladeshi garment factory. UNB says BGMEA feels proud to see apparel made in Bangladesh reachin...