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Foreign investment in sugar mills: Large loans, sovereign guarantee big barriers

Foreign investment in sugar mills: Large loans, sovereign guarantee big barriers

SYFUL ISLAM 2022-05-21 08:30:44

Planned foreign investment in Bangladesh's state-owned sugar mills to run under joint management hits twin barriers, officials say, while the sweetener's price climbs unreachable highs. Long-outstand...

July-April pharma export soars 27pc

July-April pharma export soars 27pc

Saif Uddin 2022-05-21 08:27:23

The country's export earning from pharmaceutical sector has marked a significant rise in the recent years following its growing capacity and access to new destinations. Local pharmaceutical companies...

New Development Bank to set up regional office for India, Bangladesh

New Development Bank to set up regional office for India, Bangladesh

-- 2022-05-20 18:11:17

New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that c...

Poultry sector seeks tax waiver on raw materials import

Poultry sector seeks tax waiver on raw materials import

FE REPORT 2022-05-20 10:19:11

Country's poultry sector has sought tax exemption on import of raw materials to continue supplying meat and eggs in the local market at reasonable prices. They claimed that the prices of raw material...

McDonald's to sell Russia restaurants to local operator, rebrand

McDonald's to sell Russia restaurants to local operator, rebrand

-- 2022-05-20 10:11:47

McDonald's Corp is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country...

Canada plans to ban Huawei/ZTE 5G equipment

Canada plans to ban Huawei/ZTE 5G equipment

-- 2022-05-20 10:03:07

Canada on Thursday said it plans to ban the use of China's Huawei Technologies Co Ltd and ZTE Corp 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharin...

Dhaka-Mawa-Pachchor Expressway: Toll rates to be revised

Dhaka-Mawa-Pachchor Expressway: Toll rates to be revised

MUNIMA SULTANA 2022-05-20 09:50:50

The proposed toll rates for the country's first expressway are expected to be revised to introduce on the 55-kilometre road on both sides of the Padma Bridge after its inauguration. Sources said th...

Power, gas consumption to come under scanners

Power, gas consumption to come under scanners

DOULOT AKTER MALA 2022-05-20 09:08:08

Electricity and gas consumption of residents will be scrutinised to assess their actual payable taxes with an eye to finding tax evaders, tax officials say. The National Board of Revenue (NBR) has...

BB bailout for banks amid dollar crunch

BB bailout for banks amid dollar crunch

SIDDIQUE ISLAM 2022-05-20 08:54:00

The central bank ramps up foreign-currency liquidity support to the scheduled banks trying to manage Bangladesh's volatile forex market amid a global financial crunch, officials say. As part of the...

Private forex borrowers struggling

Private forex borrowers struggling

JASIM UDDIN HAROON 2022-05-20 08:40:38

Private entrepreneurs who borrowed dollar from the international market on grounds of cheaper rates of interest are now struggling to service the debts as the greenback has abruptly become expensive...

City Bank announces first quarter results for 2022

City Bank announces first quarter results for 2022

FE ONLINE DESK 2022-05-19 19:21:04

City Bank, one of the leading financial institutions in the country, disclosed its first-quarter earnings for 2022 in a programme on Thursday. Current and potential investors across the globe, resea...

Wagely signs MoU with EBL

Wagely signs MoU with EBL

FE ONLINE DESK 2022-05-19 16:36:59

Wagely, Asia’s one of the fastest-growing financial wellness platforms, has inked a memorandum of understanding (MOU) with Eastern Bank Limited (EBL) at the bank’s head office in Dhaka....

'Governance key challenge for NBFIs '

'Governance key challenge for NBFIs '

FE REPORT 2022-05-19 14:14:12

A serious lack of governance is the key challenge of non-banking financial institutions (NBFIs) in the country, speakers said at a programme on Wednesday, urging authorities concerned to bring the rul...

Post-Covid income of RMG workers hits rockbottom

Post-Covid income of RMG workers hits rockbottom

FE ONLINE REPORT 2022-05-19 14:05:25

Garment workers income during the first three months of 2022 increased mainly due to excessive workloads and overtime, according to a latest survey findings. The additional income, however, failed to...

Bangla app to develop soft skills launched

Bangla app to develop soft skills launched

-- 2022-05-19 10:43:24

Uttoron, a skill development project funded by Chevron and implemented by Swisscontact, has launched its first android-based Bangla app to develop soft skills of youths engaged in formal job market,...

Arial Beel back in spotlight as cabinet body discusses setting up of int'l airport

Arial Beel back in spotlight as cabinet body discusses setting up of int'l airport

FE REPORT 2022-05-19 10:21:48

Arial Beel in Munshiganj has come under spotlight again as the cabinet committee on government purchase on Wednesday discussed selection of the site for setting up an international airport there. H...

Commodity market: Tipu rules out possibility of supply crunch

Commodity market: Tipu rules out possibility of supply crunch

FE REPORT 2022-05-19 09:23:26

Commerce Minister Tipu Munshi has ruled out the possibility of any supply crunch of edible oils, wheat and onion in the local market because of adequate supply of these commodities. "Soybean oil pr...

BB eases rules for pre-shipment credit refinance

BB eases rules for pre-shipment credit refinance

FE REPORT 2022-05-19 09:06:16

The Bangladesh Bank (BB) has further relaxed the rules for availing pre-shipment credit refinance - for helping local exporters continue shipping their products amid the ongoing coronavirus outbreak...

NBR merges dual VAT down

NBR merges dual VAT down

FE REPORT 2022-05-19 08:49:49

Government's revenue authority has recast the VAT-fixation and-payment modalities on medicines to merge dual taxation down, in a fiscal remedy meant for making lifesaving drugs cheaper. Prices of m...

Bid for power price hike draws flak

Bid for power price hike draws flak

FE REPORT 2022-05-19 08:43:15

Government agency's bid for a latest hike in bulk-power tariffs is hailed with gales of protest by Bangladesh's apex trade body and rights groups, largely because of the bad timing. Pointing at the...

BAFEDA acts to tame forex volatility

BAFEDA acts to tame forex volatility

SIDDIQUE ISLAM 2022-05-19 08:39:07

The apex body of Bangladesh's dealer banks decides to tell its members to maintain a benchmark in quoting foreign-currency-exchange rates to the overseas exchange houses engaged in remitting money....

Bangladesh has enough stock of wheat, says commerce minister

Bangladesh has enough stock of wheat, says commerce minister

-- 2022-05-18 17:28:51

Commerce Minister Tipu Munshi on Wednesday underplayed concern over wheat price saying the country has enough stock of the food grain. The minister was briefing the media after a meeting of the Task...

China in talks with automakers on electric vehicles subsidy extension

China in talks with automakers on electric vehicles subsidy extension

-- 2022-05-18 14:41:32

China is in talks with automakers about extending expensive subsidies for electrical automobiles (EV) that had been set to run out in 2022, aiming to maintain a key market rising because the broader...

Alamgir Ranch signs MoU with Daraz Bangladesh

Alamgir Ranch signs MoU with Daraz Bangladesh

FE ONLINE DESK 2022-05-18 14:35:00

As a part of sustainable business and its continued expansion, Alamgir Ranch Limited has signed a Memorandum of Understanding (MoU) with Daraz Bangladesh Limited recently. Mrs Sultana Jahan, director...

'Dev projects' audit may unearth unproductivity'

'Dev projects' audit may unearth unproductivity'

FE REPORT 2022-05-18 10:36:18

Transportation and safety expert Dr Mohammad Shamsul Hoque at a national conference on Tuesday demanded proper audit of the development, claimed so far through implementing various projects in line...

BB asks ADs for import shipment tracking

BB asks ADs for import shipment tracking

FE REPORT 2022-05-18 10:00:35

The central bank asks the authorised dealers (ADs) to track import shipments through vessel/container tracking as it smells a rat about trade-based money laundering of billions of dollars. Currentl...

BAJUS raises gold prices

BAJUS raises gold prices

FE REPORT 2022-05-18 09:55:39

Local jewellers on Tuesday revised the price of premium quality gold upward by Tk 1,750 per bhori. The new rate of the precious metal will come into effect today (Wednesday), said a press release iss...

Develop disaster risk management skills for sustainable development, speakers tell symposium

Develop disaster risk management skills for sustainable development, speakers tell symposium

FE REPORT 2022-05-18 09:50:13

Speakers at a programme on Tuesday urged the government to improve capacity and skills in disaster risk management (DRM) for a sustainable economic development. They also suggested providing incent...

Govt mulls digital policy for cross-border e-commerce

Govt mulls digital policy for cross-border e-commerce

REZAUL KARIM 2022-05-18 09:44:40

The government has planned to prepare a policy for cross-border e-commerce, aiming to facilitate exports of Bangladeshi products online. Currently, there is no specific policy in the country to opera...

Corporate tax return: NBR extends submission deadline until June 15

Corporate tax return: NBR extends submission deadline until June 15

FE REPORT 2022-05-18 09:16:37

The National Board of Revenue (NBR) has extended the time for submission of corporate tax returns for the assessment year 2021-22 until June 15 due to poor response so far. Until May 12 last, only...