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The Financial Express

Search results for: trade

Two 120MW solar plants to be set up in Pabna, Mymensingh

Two 120MW solar plants to be set up in Pabna, Mymensingh

FE REPORT 2022-01-06 09:21:29

The cabinet committee on government purchase during a virtual meeting on Wednesday approved the installation of two solar plants totalling 120-megawatt capacity. It also extended the tenure of a ga...

Gas crisis to continue until early February

Gas crisis to continue until early February

M AZIZUR RAHMAN 2022-01-06 08:56:51

The country's existing natural gas crisis will continue at least until early February as Summit Group's FSRU (floating, storage, re-gasification unit) will not be ready for operations within this mont...

Bangladesh's corporate tax cuts turn 'eyewash'

Bangladesh's corporate tax cuts turn 'eyewash'

DOULOT AKTER MALA 2022-01-06 08:37:12

With an upturn in source taxes without effective refund or adjustment mechanism, corporate taxpayers find annual budgetary cut in corporate taxes apparently juggling the figures sans helping them....

Insurance firm sponsors, investors pocketing windfall

Insurance firm sponsors, investors pocketing windfall

JASIM UDDIN HAROON 2022-01-06 08:25:30

Sponsors and investors in life-insurance firms are picking a windfall profit accrued from fund investment, sometimes at policyholders' expense, sources say. They pocket the profits from investments...

Committee formed to address trade disputes in RMG sector

Committee formed to address trade disputes in RMG sector

FE ONLINE REPORT 2022-01-05 20:45:32

A seven member committee was formed on Tuesday to  address  problems or disputes  that occur  among  buyers,  buying houses  and  exporters operating within the...

Monthly RMG production capacity to reach $8.0b soon, BGMEA president hopes

Monthly RMG production capacity to reach $8.0b soon, BGMEA president hopes

-- 2022-01-05 20:14:57

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has expressed his hope that the readymade garment (RMG) industry of the country would achieve the capacity t...

Job seekers can now assess IT skills online

Job seekers can now assess IT skills online

FE REPORT 2022-01-05 12:10:25

An online skill assessment platform has been launched to help job seekers evaluate their competence for information technology (IT)-related job opportunities. Following self-assessment through the pl...

Soybean oil refiners offer to cut MRP by Tk 4.0 a litre

Soybean oil refiners offer to cut MRP by Tk 4.0 a litre

FE REPORT 2022-01-05 09:43:20

Local oil refiners have proposed to cut the maximum retail price (MRP) of bottled soybean oil by Tk 4.0 a litre to Tk 168. However, their proposed rate still remains Tk 8.0 per litre higher than th...

Four firms shortlisted to upgrade offshore model production sharing contract

Four firms shortlisted to upgrade offshore model production sharing contract

M AZIZUR RAHMAN 2022-01-05 09:19:41

Four consulting firms have been shortlisted to award the job of upgrading Bangladesh's model production-sharing contract (MPSC) and pave the way for launching offshore bidding for hydrocarbon explor...

Digital dodging dupes tech-shy taxmen

Digital dodging dupes tech-shy taxmen

DOULOT AKTER MALA 2022-01-05 08:43:17

Bangladesh is losing potential corporate tax from the digital economy as the existing taxation system -- mostly analogue -- is ill-equipped to track all types of technology-enabled transactions. Desp...

Law ministry sees 'no scope’ for refund to defrauded e-commerce customers

Law ministry sees 'no scope’ for refund to defrauded e-commerce customers

REZAUL KARIM 2022-01-05 08:28:49

The law ministry sees no option for payback of defrauded e-commerce customers’ money stuck up after the online businesses concerned went bust. As a result, insiders say, a cloud of uncertaint...

Al-Arafah MTO training begins

Al-Arafah MTO training begins

-- 2022-01-04 21:23:02

A two-month foundation training course for Management Trainee Officers (MTO) of 1st batch of Al-Arafah Islami Bank Limited began recently. Farman R. Chowdhury, Managing Director & CEO of the Bank...

Creative IT’s special offer for EBL customers

Creative IT’s special offer for EBL customers

-- 2022-01-04 21:19:01

 Creative IT Institute offers special discount and privileges in its IT skill development training programs for Eastern Bank Ltd. (EBL) customers. Khorshed Anowar, Deputy Managing Director and H...

bKash brings exciting offers at Trade Fair

bKash brings exciting offers at Trade Fair

-- 2022-01-04 21:15:24

bKash has brought exciting offers including cashback on entry tickets and shopping at different stalls through bKash payment and free entry upon opening new accounts at the month-long Dhaka Internatio...

Robi significantly improves 4.5G data experience

Robi significantly improves 4.5G data experience

-- 2022-01-04 21:09:45

  Robi has recently completed a major network upgradation project that has significantly improved network experience in both indoor and outdoor areas, according to a statem...

UCB becomes top bank in terms of foreign trade

UCB becomes top bank in terms of foreign trade

-- 2022-01-04 17:49:42

United Commercial Bank (UCB) celebrated the landmark of surpassing foreign trade figure of US$9.0 billion during 2021 in a programme recently. The growth rate is 50 per cent compared with 2020, said...

Asian factories take omicron risks in stride, for now

Asian factories take omicron risks in stride, for now

-- 2022-01-04 17:12:27

Asia's factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the...

Tesla criticised in US after opening Xinjiang showroom

Tesla criticised in US after opening Xinjiang showroom

-- 2022-01-04 14:09:41

Electric car maker Tesla has been criticised in the US after opening a showroom in China's controversial Xinjiang region. The company, headed by billionaire Elon Musk, opened the showroom in...

2.3m Bangladesh individuals submit income tax returns

2.3m Bangladesh individuals submit income tax returns

FE REPORT 2022-01-04 10:51:19

Nearly 2.3 million individuals submitted their income tax (IT) returns until the deadline that expired on Sunday last. About 0.1 million filed their returns on the last day of the deadline, according...

Industrial police ask textile, RMG units to verify worker information

Industrial police ask textile, RMG units to verify worker information

FE REPORT 2022-01-04 10:41:19

The Industrial Police (IP) has asked all textile and ready-made garment (RMG) factories to confirm workers' information provided during their job enrolments. According to official sources, the law-en...

South Korea offers to help improve water management

South Korea offers to help improve water management

FE REPORT 2022-01-04 10:32:30

South Korea has expressed the interest to collaborate with Bangladesh for improving water quality management and aquaculture through establishing specialised labs and using drone technology. This was...

Nonstarter startups, delinquent companies create corporate tax gaps

Nonstarter startups, delinquent companies create corporate tax gaps

DOULOT AKTER MALA 2022-01-04 09:00:51

A perpetual gap between the number of registered companies and corporate taxpayers is now bridged, but through an unsparing measure that some experts worry would raise the cost of doing business. Sou...

Bangladesh Bank forms Tk 5.0b refinance scheme to reverse 'reverse migration'

Bangladesh Bank forms Tk 5.0b refinance scheme to reverse 'reverse migration'

FE REPORT 2022-01-04 08:39:40

The central bank forms a refinancing scheme worth Tk 5.0 billion to support those who went back to their villages in reverse migration driven mainly by the Covid-19 pandemic. Officials say the low-co...

Dhaka to focus on removal of non-tariff barriers, at India-Bangladesh talks

Dhaka to focus on removal of non-tariff barriers, at India-Bangladesh talks

SYFUL ISLAM 2022-01-04 08:34:40

Commerce secretaries of Bangladesh and India will sit together in mid-February to discuss some pending bilateral trade issues where Dhaka will give special focus on removal of non-tariff barriers, off...

Bus rapid transit project implementation delayed, cost doubles

Bus rapid transit project implementation delayed, cost doubles

MUNIMA SULTANA 2022-01-04 08:22:45

Hope for rapid bus ride on Dhaka city's bumpy north corridor soon looks dashed with the priority project now turning a 'lame duck' allegedly for planning mismatch and faltering execution. Sources s...

SIBL opens four new sub-branches

SIBL opens four new sub-branches

-- 2022-01-03 20:54:24

Social Islami Bank Limited inaugurated four new sub-branches at Baburhat in Chandpur, Trishal in Mymensingh, Moilaputa in Khulna, Horina People Baria Bazar in Sirajgonj recently through virtual platfo...

FBCCI for govt initiatives to boost trade between Dhaka, Jakarta

FBCCI for govt initiatives to boost trade between Dhaka, Jakarta

-- 2022-01-03 19:07:38

FBCCI President Md Jashim Uddin on Monday called upon the government to take initiative to harness the huge untapped potentials of bilateral trade between Bangladesh and Indonesia. Jashim made the ca...

BERC lowers LPG prices by 4pc

BERC lowers LPG prices by 4pc

-- 2022-01-03 16:36:38

The Bangladesh Energy Regulatory Commission has lowered the price of liquified petroleum gas (LPG) by 4 per cent in January. In an order issued on Monday, BERC fixed the price of LPG per kg, includin...

Red egg, layer chicken, onion getting costlier

Red egg, layer chicken, onion getting costlier

FE ONLINE REPORT 2022-01-03 12:36:37

Red egg and layer chicken became costlier in Dhaka city’s kitchen markets on Monday, increasing common people’s sufferings further. Apart from this, newly-harvested onions and imported In...

Owners urge government help to settle liabilities of ailing non-textile factories

Owners urge government help to settle liabilities of ailing non-textile factories

FE REPORT 2022-01-03 10:23:30

The government should extend its support to ailing non-textile factories by settling their liabilities, owners of such industries urged on Sunday. Due to ill conditions, many of these companies are...