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Search results for: trade

Onion prices declining

FE REPORT November 21, 2019 10:27:00

The prices of different varieties of onion started coming down, both in wholesale and retail markets across the city on Wednesday, according to traders and consumers. In the city's retail markets, on...

Tax fair fetches record Tk 26.13b

FE REPORT November 21, 2019 10:21:14

The country-wide income tax fair concluded on Wednesday with record revenue collection worth Tk 26.13 billion and 6,55,000 income tax returns. Last year, the NBR received 4,87,573 tax returns and inc...

Govt willing to fully own Sanofi's BD operations

JUBAIR HASAN November 21, 2019 10:06:39

After local businesses, the government is now willing to buy the French drug maker Sanofi, which decided to leave Bangladesh after 60 years of its operations, officials said. The willingness was conv...

REHAB appreciates decision to increase home loan limit

BSS November 20, 2019 20:19:16

The Real Estate and Housing Association of Bangladesh (REHAB) has appreciated the decision of increasing the limit of home loans to Tk 20.0 million. The association thanked Prime Minister Sheikh Hasi...

Biman waives cargo charge on onion import

-- November 20, 2019 19:26:49

The civil aviation and tourism ministry on Wednesday decided that the Biman Bangladesh Airlines will waive its cargo handling charge for any airlines that will import onion. “Biman charges Taka...

Emirates Bangladesh clinches Chairman’s Award for Sales Excellence

FE Online Desk November 20, 2019 14:42:15

The Emirates team in Bangladesh trumped strong competition from the airline’s global network to win the prestigious Chairman’s Award for Sales Excellence. After tough preliminary rounds...

No reason to hike rice prices, says minister

-- November 20, 2019 14:17:44

Food Minister Sadhan Chandra Majumder on Wednesday warned against increasing rice prices, saying the country has an adequate stockpile of food grain. “There’s no reason to hike the prices...

Mercantile Bank training on Anti Money Laundering in Ctg

FE Online Desk November 20, 2019 13:37:53

Mercantile Bank recently organized a training course titled “Prevention of Money Laundering and Combating Financing against Terrorism” in Chattogram. Zonal Heads of Cumilla, Noakhali &a...

Southeast Bank wins top tax-payer award

FE Online Desk November 20, 2019 13:32:52

Southeast Bank Limited has been awarded as the country’s 7th highest Income Tax Payer in the Banking Category for the assessment year 2018-2019.   A H M Mustafa Kamal FCA, MP and Finance...

NRB Bank-SSL launch ‘Straight Banking’ service

FE Online Desk November 20, 2019 13:28:21

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Govt eyes sending more skilled workforce to Japan

-- November 20, 2019 13:20:45

The government said the recently signed Memorandum of Cooperation (MoC) with Japan on recruiting ‘Specified Skilled Workers’ will help the island nation receive more skilled workforce from...

India likely to extend onion export ban to February

Reuters November 20, 2019 11:41:40

India may keep a ban on onion exports until February because domestic prices have risen after the harvest of summer-sown crops, which were expected to augment supplies, was delayed and damaged by unti...

Most outbound workers go to KSA in Oct despite regular deportation

Arafat Ara November 20, 2019 11:30:32

The Kingdom of Saudi Arabia (KSA) hired more than 58 per cent of the total outbound workers from Bangladesh in October this year despite continuous deportation of workers from the Middle Eastern count...

Fuel oil import to drop 24pc in H1, 2020

M AZIZUR RAHMAN November 20, 2019 11:26:32

State-owned Bangladesh Petroleum Corporation (BPC) will import around 1.06 million tonnes of refined fuel oil during a period from January to June (H1) in 2020. The purchase from open market throug...

Unrecorded cash transactions limit may be set at Tk 10,000

DOULOT AKTER MALA November 20, 2019 10:26:46

The Anti-Corruption Commission (ACC) has proposed that the government set a cash transaction limit of Tk 10,000 in a bid to curb corruption through unrecorded transactions. The government might also...

Tata Steel to cut 3,000 jobs in 'severe' market

BBC November 19, 2019 19:51:47

London-based steelmaking company Tata Steel plans to cut as many as 3,000 jobs across its European business in another bid to come to terms with a "severe" international steel market. The company wan...

BDRAL holds discussion on Credibility of SME Ratings in Bangladesh

FE Online Desk November 19, 2019 15:54:42

The Bangladesh Rating Agency Limited (BDRAL), a subsidiary of Dun & Bradstreet South Asia Middle East Limited, recently organised an open discussion meeting with local bankers to discuss about the...

Lotto Business Summit 2019 held

FE Online Desk November 19, 2019 15:25:11

The Lotto Business Summit 2019 was held at the factory of Express Leather Products in Gazipur. Lotto Bangladesh recently organised the event with the presence of all the stakeholders and journalists...

Emirates Airline orders fifty A350XWB at Dubai Airshow

FE Online Desk November 19, 2019 13:39:31

Emirates on Monday announced a firm order for fifty A350-900 XWB aircraft worth $16 billion US dollar at list prices at the Dubai Airshow 2019. Delivery of the first Emirates A350 XWB is expected in...

Japan lower house passes US trade deal

-- November 19, 2019 13:39:19

Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including...

European car sales up 8.6pc in October, driven by VW rebound

-- November 19, 2019 13:21:24

Passenger car registrations in Europe rose 8.6 per cent in October, to their highest level since 2009, driven by robust demand in Germany and France and a rebound in demand for Volkswagen which posted...

NBR gets Tk 3.11b tax on fifth day of fair

FE Report November 19, 2019 10:40:34

The National Board of Revenue (NBR) bagged Tk 3.11 billion in tax on Monday, the fifth day of the ongoing countrywide Income Tax Fair 2019, according to official statement. The NBR earned Tk 16.58 bi...

Size of ceramic industry may double by 2023

Monira Munni November 19, 2019 10:31:19

The country's ceramic industry is estimated to be doubled in size by 2023, aided by the growing domestic real estate industry, rising demand for products in the EU markets and the trade tension betwee...

Non-life insurers must invest 7.5pc of assets in govt securities

Doulot Akter Mala November 19, 2019 10:21:01

The government has made it mandatory for non-life insurance companies to invest at least 7.5 per cent of their assets in government securities. The government securities include short-term and long-t...

FSRUs still operate at half capacity

M AZIZUR RAHMAN November 19, 2019 10:17:32

Pipeline constraints are still pushing the country's overall import of LNG (liquefied natural gas) and its re-gasification almost half the total capacity. State-run Petrobangla is currently re-gasify...

Apparel exporters to get addl 1.0pc cash incentive

FE Report November 19, 2019 10:10:12

Apparel exporters will get an additional 1.0 per cent cash incentive as the government is going to issue a circular soon to this end amid less-than-expected export growth due to global competition, of...

Govt to waive airport bills on onion import

SYFUL ISLAM, REZAUL KARIM and TALHA BIN HABIB November 19, 2019 10:07:02

The government has moved to waive various airport-related charges to help lower the import cost of much-talked-about onion, whose price has recently mounted amid short supply. The Ministry of Commerc...

Onion market to become stable soon: Commerce secretary

UNB November 18, 2019 17:19:36

Commerce Secretary Md Zafar Uddin on Monday assured that the onion market will become stable soon as the government has taken effective measures to resolve the crisis. “On behalf of the governm...

Chinese opportunities attract global medical companies

Global Times November 18, 2019 17:02:41

The second China International Import Expo (CIIE) successfully concluded over a week ago. During the expo, the medical equipment and health care exhibition area became the base for pharmaceutical gia...

EBL signs agreement with Cathay Pacific Airways

FE Online Desk November 18, 2019 15:03:53

VISA, Mastercard, Diners Club International, Discover and UnionPay International cardholders of Eastern Bank Limited (EBL) and any other banks now can purchase air tickets from Cathay Pacific Airways...