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The Financial Express

Search results for: trade

Prices of spices go up ahead of Eid-ul-Azha

Prices of spices go up ahead of Eid-ul-Azha

-- 2020-07-11 23:35:01

Prices of spices have gone up due to a spike in demand ahead of Eid-ul-Azha, the second largest religious festival of Muslims in Bangladesh. Cinnamon, cardamom and cloves became costlier after the ma...

‘Nagad’ users can add money from Visa, Mastercard

‘Nagad’ users can add money from Visa, Mastercard

-- 2020-07-11 21:12:19

Bangladesh Postal Department’s digital financial service ‘Nagad’ has launched a new feature for Nagad’s mobile app that enables users to instantly add money into their ‘N...

Ministers buy Eid cattle from Digital Haat

Ministers buy Eid cattle from Digital Haat

-- 2020-07-11 20:41:36

Three ministers have bought cows by using an online marketplace, Digital Haat, for the Eid-ul-Azha. Dhaka North City Corporation, ICT Division, e-Commerce Association of Bangladesh or e-CAB, and Bang...

TECNO Mobile launches Spark 5 Pro in Bangladesh

TECNO Mobile launches Spark 5 Pro in Bangladesh

-- 2020-07-11 20:38:27

TECNO Mobile, a premium mobile phone brand, has launched the groundbreaking Spark 5 Pro smartphone. Equipped with Five AI Cameras and a powerful 5000 mAh battery, the Spark 5 Pro will bring photos and...

Meat traders demand ban on cattle, meat imports

Meat traders demand ban on cattle, meat imports

-- 2020-07-11 20:09:51

Meat traders have urged the government to impose a ban on imports of cattle, buffalo and meat from India and Myanmar for the sake of domestic animal husbandry. Bangladesh Meat Traders Association (BM...

CA’s can play vital role in economic recovery: Experts

CA’s can play vital role in economic recovery: Experts

UNB 2020-07-11 19:54:05

Chartered Accountants (CAs) can play a vital role in economic recovery by taking particular care in their conduct and judgments as fair information, accountability, and transparent public finance are...

NOVOAIR to operate flights to Barishal from Sunday

NOVOAIR to operate flights to Barishal from Sunday

-- 2020-07-11 16:12:21

NOVOAIR will operate flights on Dhaka- Barishal route from Sunday.   The daily flight will depart Dhaka at 3:15 pm and land in Barishal at 3:55 pm, UNB reported citing a press release. &nbsp...

Online cattle buying likely to reach new heights amid pandemic

Online cattle buying likely to reach new heights amid pandemic

-- 2020-07-11 10:47:36

The ongoing Covid-19 pandemic has brought about many changes to people’s normal lives with a growing dependence on virtual platforms as physical distancing is advised by health experts to limit...

Solar energy sector seeks govt's support to survive

Solar energy sector seeks govt's support to survive

FE REPORT 2020-07-11 10:22:33

The Bangladesh Solar and Renewable Energy Association (BSREA) has identified nine key areas where the government needs to provide heightened importance to help rehabilitate the local solar sector whic...

Rampal project in slow lane

Rampal project in slow lane

FHM Humayan Kabir 2020-07-11 09:22:04

The slow progress in Indo-Bangla power project in southwestern Rampal threatens to undermine the government's "fast-track" initiative, people familiar with the situation said on Friday. The controv...

Hilsa dearer despite abundant supply

Hilsa dearer despite abundant supply

-- 2020-07-10 20:52:13

The silver fish hilsa is much pricier in the city kitchen markets despite abundant supply and price drops in the fishing hubs, said insiders. July to August is the peak fishing time for hilsa, both i...

US bans Pakistan International Airlines flights over pilot concerns

US bans Pakistan International Airlines flights over pilot concerns

REUTERS 2020-07-10 15:13:26

The US Department of Transportation said it has revoked permission for Pakistan International Airlines (PIA) to conduct charter flights to the United States, citing Federal Aviation Administration (FA...

Hilsa to be tastier this year, expert says

Hilsa to be tastier this year, expert says

UNB 2020-07-10 12:21:00

People will get more delicious hilsa on their plates this year thanks to drop in river pollution due to the suspension of river transport movement for several months over the coronavirus pandemic, say...

Double-layer VAT: ISPAB considers legal battle or raising internet charges as options

Double-layer VAT: ISPAB considers legal battle or raising internet charges as options

FE REPORT 2020-07-10 10:45:05

The Internet Service Providers Association of Bangladesh (ISPAB) would go for a legal battle over imposition of a double-layer VAT on their services if no solution comes from the NBR soon. It was als...

Pressurise buyers not to cancel work orders

Pressurise buyers not to cancel work orders

MONIRA MUNNI 2020-07-10 09:46:54

Bangladesh called on International Labour Organisation (ILO) on Thursday to put pressure on global buyers for not cancelling work orders during the Covid-19 pandemic and for abiding by the existing...

Furnace oil price cut to Tk 34 per litre

Furnace oil price cut to Tk 34 per litre

FE REPORT 2020-07-10 09:30:26

The government has slashed furnace oil price in local market by 19 per cent to Tk 34.03 per litre from the previous price of Tk 42 per litre. The price cut is retrospectively effective from June 26...

IOCs get renewal of VAT waiver

IOCs get renewal of VAT waiver

DOULOT AKTER MALA 2020-07-10 09:19:52

The National Board of Revenue (NBR) has reinstated the VAT exemption for the international oil companies on local production and supply of gas, condensate and other petroleum products. Although their...

Charging importers violating rules: HC bench refuses to hear petition

Charging importers violating rules: HC bench refuses to hear petition

SAJIBUR RAHMAN 2020-07-09 15:22:02

A High Court bench has declined to hear a writ petition seeking cancellation of licences of those shipping lines that have been realising detention/demurrage charges from importers in an alleged viola...

China's market euphoria trumps political risk in Hong Kong

China's market euphoria trumps political risk in Hong Kong

REUTERS 2020-07-09 12:47:18

Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears of political r...

Nonprofits urge Johnson & Johnson to halt sales of Baby Powder globally

Nonprofits urge Johnson & Johnson to halt sales of Baby Powder globally

REUTERS 2020-07-09 11:06:53

More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based Johnson’s Baby Powder world-wide, citing concerns that it contains cancer-causing asbe...

China's producer prices extend declines but recovery signs emerge

China's producer prices extend declines but recovery signs emerge

REUTERS 2020-07-09 10:13:34

China’s factory gate prices fell for a fifth straight month in June as the coronavirus pandemic weighed heavily on industrial demand, although signs of a pickup in some parts of the sector sugge...

Korean co keen to import plywood

Korean co keen to import plywood

FE Report 2020-07-09 09:59:26

A Korean company has shown interest to import plywood and dried veneer from Bangladesh, officials said. Primarily, the company wants to import dried veneer, they added. The company named Yumok Co....

Power billing system to go online in future: Nasrul

Power billing system to go online in future: Nasrul

FE REPORT 2020-07-09 09:57:34

Electricity billing will be online in future as part of upgrading the system, which will help stop 'inflated' electricity bills', state minister for Power, Energy and Mineral Resources, or MPEMR, Nasr...

28 teams to monitor price movement

28 teams to monitor price movement

FE REPORT 2020-07-09 09:49:56

The government has reconstituted 28 teams aiming to monitor the price movement and deal with abnormal situation in the city markets, officials said. The government intends to closely monitor the pr...

Cargo services can help BR reduce loss during pandemic

Cargo services can help BR reduce loss during pandemic

Munima Sultana 2020-07-09 09:36:12

Rail cargo services have built up Bangladesh Railway's (BR) hopes to minimise its financial loss during the coronavirus pandemic when most of its services remained suspended. According to BR offici...

New move to amend Companies Act

New move to amend Companies Act

JASIM UDDIN HAROON and REZAUL KARIM 2020-07-09 09:25:16

The government has again initiated a move to amend the Companies Act 1994 in order to make it more business-friendly. In February, it amended the companies' mother law by scrapping the system of usin...

‘Illegal trade of fake, faulty COVID-19 products booming’

‘Illegal trade of fake, faulty COVID-19 products booming’

-- 2020-07-08 22:37:58

Researchers at the United Nations on Wednesday said the trend of making money exploiting the prevailing coronavirus situation increased across the globe, putting human lives in danger. While revealin...

German investor DEG to provide €20m for mordenising Walton’s production units

German investor DEG to provide €20m for mordenising Walton’s production units

FE Online Report 2020-07-08 19:32:48

A German lender DEG will provide  €20 million long-term loans to electronics and electrical equipment maker Walton for modernising its 19 production units. The fund will be utilised to inve...

Biman resumes flights to UAE from Thursday

Biman resumes flights to UAE from Thursday

-- 2020-07-08 12:29:27

The government has decided to resume national carrier Biman Bangladesh Airlines' commercial flights to the United Arab Emirates from Thursday. “We have decided today to resume Biman’s reg...

One-page tax return form launched

One-page tax return form launched

Doulot Akter Mala 2020-07-08 10:17:08

The revenue board has launched a single-page income tax return form for small taxpayers in an attempt to simplify submission. The form has recently been introduced by issuing a gazetteto make the ret...