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The Financial Express
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Search results for: trade

Govt plans to import of 4.98m MT petroleum in 2021

Govt plans to import of 4.98m MT petroleum in 2021

-- 2020-09-21 20:10:52

The government plans to import 4.98 million metric tonnes (MT) of petroleum fuel in the 2021 calendar year. According to an official document of the Energy and Mineral Resources Ministry Division, ou...

BB relaxes foreign exchange transaction rules for onion traders

BB relaxes foreign exchange transaction rules for onion traders

-- 2020-09-21 19:29:45

Bangladesh Bank (BB) has relaxed the foreign exchange transactions rules for onion traders by allowing them to open Letters of Credit (LCs) for imports of spice on 90 days deferred or usance basis und...

LafargeHolcim signs net zero pledge with science-based targets

LafargeHolcim signs net zero pledge with science-based targets

FE Online Desk 2020-09-21 18:43:51

LafargeHolcim joins the Science Based Targets initiative (SBTi) “Business Ambition for 1.5°C,” becoming the first global building materials company to sign the pledge with intermediate...

$60b sought for TikTok's US deal

$60b sought for TikTok's US deal

-- 2020-09-21 11:02:11

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart take stakes in the short-video app's business to address US security concerns, Reuters repor...

Online hiring of trucks earns popularity in Bangladesh

Online hiring of trucks earns popularity in Bangladesh

ISMAIL HOSSAIN 2020-09-21 10:31:00

Online marketplace for hiring trucks is becoming popular in Bangladesh, lowering trading costs and making business globally competitive as well, said industry insiders. Many mobile app-based new-gene...

Relocation of Kamalapur ICD stares at delay

Relocation of Kamalapur ICD stares at delay

-- 2020-09-21 09:59:33

The relocation of the ICD (Inland Container Depot) from the Kamalapur railway station in the city will be delayed because of a shift in the mode of financing for implementation of a project to this en...

NBR set to launch VAT e-payment next month

NBR set to launch VAT e-payment next month

DOULOT AKTER MALA 2020-09-21 09:41:24

The National Board of Revenue (NBR) is set to introduce a VAT payment system next month that would allow the taxpayers to use their debit and credit cards of 27 commercial banks. The VAT Online Proje...

ICSB for a Shariah Board in BB

ICSB for a Shariah Board in BB

FE Online Desk 2020-09-20 21:48:46

Institute of Chartered Secretaries of Bangladesh (ICSB) organized a webinar on "Islamic Banking and Financing- an emerging need of promoting corporate governance in the banking sector” on Saturd...

HSBC introduces dual currency transaction on debit card

HSBC introduces dual currency transaction on debit card

-- 2020-09-20 18:07:08

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh recently launched dual currency transaction feature on the HSBC Debit Card to facilitate overseas transactions for shopping, dining a...

TCB selling onion at Tk 36 per kg through e-commerce platforms

TCB selling onion at Tk 36 per kg through e-commerce platforms

-- 2020-09-20 17:57:49

The Trading Corporation of Bangladesh (TCB) has started selling onion at Tk 36 per kg through e-commerce companies to prevent onion price hike and ensure this spice for the middle class buyers. Comme...

Airtel launches new thematic campaign to celebrate friendship

Airtel launches new thematic campaign to celebrate friendship

FE Online Desk 2020-09-20 17:38:20

To celebrate the importance of friendship in our lives, the #1 network of friends, Airtel, has come up with an unique campaign with a slogan ‘Bondhu thakle sob possible’-meaning friendship...

Import duty on onion waived by 5.0pc

Import duty on onion waived by 5.0pc

FE Online report 2020-09-20 17:33:22

The government has decided to waive 5.0 per cent import duty on onion until March 31, 2021 to rein in its price in the local market. The National Board of Revenue (NBR) sources made the confirmation...

Trump backs deal to allow TikTok operation in US

Trump backs deal to allow TikTok operation in US

REUTERS 2020-09-20 14:02:44

US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order...

Bangladesh RMG owners seek more time to pay back pandemic loans

Bangladesh RMG owners seek more time to pay back pandemic loans

-- 2020-09-20 13:02:01

Despite an uptick in exports, garment factory owners have asked for more time to repay the loans disbursed by the government under a stimulus package to help the key sector offset the economic fallout...

Only hundreds out of thousands clothing units compliant

Only hundreds out of thousands clothing units compliant

MONIRA MUNNI 2020-09-20 10:12:34

Only 1,632 out of 8,500 textile and clothing units have so far registered with the Department of Textile (DoT), a legal requirement to run business in Bangladesh. Sources said the government in Octob...

Tipu Munshi offers full support for dev of e-commerce

Tipu Munshi offers full support for dev of e-commerce

FE DESK REPORT 2020-09-20 10:10:44

Commerce Minister Tipu Munshi pledged his full support for development of e-Commerce in Bangladesh in line with the Vision 2021 and Digital Bangladesh, says a statement. He said this while inaugurati...

Female migrants falling prey to age doctoring

Female migrants falling prey to age doctoring

ARAFAT ARA 2020-09-20 10:06:18

Under-aged and overaged Bangladeshi women are being sent abroad for doing domestic jobs, risking their safety, sanctity and lives, according to complaints lodged by victims. Investigations have found...

Onion prices fall in city markets

Onion prices fall in city markets

FE Online Report 2020-09-19 20:28:45

Prices of onion declined by Tk 10-20 per kg in the city on Saturday, thanks to release of onion consignment from India that was stranded in the border since Monday morning. Local onion was sold at Tk...

BARVIDA demands reevaluation of automobile industry policy

BARVIDA demands reevaluation of automobile industry policy

-- 2020-09-19 20:03:56

Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has demanded reevaluation of the proposed draft ‘Automobile Industry Development Policy 2020’. “BARVIDA...

Prime Bank thanks police for brave and prompt action

Prime Bank thanks police for brave and prompt action

FE Online Desk 2020-09-19 19:17:30

Prime Bank Limited has thanked the Bangladesh Police for its courageous and prompt action for ensuring safety and security of people and property at the incident at the bank’s Joydevpur Chow...

TikTok moves to court against Trump admin to try to block US ban

TikTok moves to court against Trump admin to try to block US ban

REUTERS 2020-09-19 15:38:30

Popular video-sharing app TikTok has asked a US judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday. Ti...

What will be the real impact if Trump bans Tiktok?

What will be the real impact if Trump bans Tiktok?

REUTERS 2020-09-19 10:34:42

The Trump administration will ban video-sharing app TikTok from US app stores starting Sunday night, a move that will block Americans from downloading or updating the Chinese-owned platform over conce...

Export of halal food: Govt mulls body to issue health certificates

Export of halal food: Govt mulls body to issue health certificates

REZAUL KARIM 2020-09-19 09:50:10

The government is set to establish an authority for issuing health certificates for export of halal food items to meet the demand of importers of such Bangladeshi products, sources said. To this effe...

Apparel makers, EPB in service charge row

Apparel makers, EPB in service charge row

SYFUL ISLAM 2020-09-19 09:43:41

The country's apparel makers are not in agreement with the Export Promotion Bureau (EPB) over the payment of service charges to the latter for verification of documents under the registered exporter (...

UCB inks MoU with EW Villa Medica, Bangladesh and DMFR Molecular Lab & Diagnostics

UCB inks MoU with EW Villa Medica, Bangladesh and DMFR Molecular Lab & Diagnostics

FE Online Desk 2020-09-18 20:57:54

United Commercial Bank Limited (UCB) has signed an MoU with EW Villa Medica, Bangladesh and DMFR Molecular Lab & Diagnostics Ltd at the premises of the bank recently. Under the MoU, all the per...

Hundreds of Bangladesh-bound onion trucks stranded at Indian ports

Hundreds of Bangladesh-bound onion trucks stranded at Indian ports

-- 2020-09-18 19:28:01

Hundreds of trucks carrying onion to Bangladesh are stranded at Indian ports after Indian government prohibited the export of all varieties of onion to control prices in his country's domestic market....

Apple launches first online store in India next week

Apple launches first online store in India next week

-- 2020-09-18 19:26:58

Apple Inc will launch its first online store in India on Sept 23, the iPhone maker said on Friday, coinciding with the country’s holiday season that brings some of the biggest sales for retailer...

UK export credit for Bangladesh rose to 2.5b pounds

UK export credit for Bangladesh rose to 2.5b pounds

FE Online Report 2020-09-18 19:18:58

The UK’s Export Credit Agency, UK Export Finance (UKEF), more than trippled the export credit for Bangladesh to £2.5 billion recently. The move will boost the trade partnership between t...

Internet subscribers in Bangladesh almost double in five years

Internet subscribers in Bangladesh almost double in five years

SAJIBUR RAHMAN 2020-09-18 16:10:16

The total number of internet subscribers in Bangladesh nearly doubled in the last five years thanks to the government’s commitment and push to digitise the country. Bangladesh Telecommunication...

Govt asks Bangladesh Bank to include tea sector in stimulus package

Govt asks Bangladesh Bank to include tea sector in stimulus package

FE REPORT 2020-09-18 09:57:18

The government has asked the central bank to include the pandemic-hit tea industry in its fiscal stimulus package as the sector has been facing severe financial crisis in the wake of the Covid-19 outb...