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Search results for: trade

ICT industry seeks tax exemption for ITES, Internet service

FE Report June 11, 2018 10:45:33

The ICT industry stakeholders have sought tax exemption for Information Technology Enabled Service (ITES), Internet service and networking equipment in the budget for fiscal year (FY) 2018-19. They m...

World cup fever pushes up TV sales

Saif Uddin June 11, 2018 10:32:08

Sales of television (TV) sets have marked a significant rise in the run-up to FIFA World Cup 2018, traders said. Consumers are mostly attracted by promotional offer from well-known electronics brands...

Companies to face fines over non-submission of staff's tax info

Doulot Akter Mala June 11, 2018 10:01:20

Employers may have to pay a fine, equivalent to 10 per cent of their total payable tax or Tk 5,000, whichever is higher, for their failure to furnish the tax payment details of their employees. The F...

T-bills’ interest rates up ahead of Eid

Siddique Islam June 11, 2018 09:54:22

The interest rates on the treasury bills (T-bills) increased significantly, as the banks showed unwillingness to invest their funds in the government securities ahead of the Eid. The cut-off yield, g...

Core group for introducing banking channel operations between BD, CIS

FE Report June 10, 2018 21:35:18

President of CIS-BCCI (Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry) Mr. Md. Habib Ullah Dawn along with Board of Directors of the chamber met Fazle Kabir, Govern...

China-South Asia Expo to begin in Kunming on Tuesday

-- June 10, 2018 20:50:44

The 5th China-South Asia Expo (CSAEXPO) and the 25th China Kunming Import and Export Commodities Fair are set to begin at Kunming Dianchi International Convention and Exhibition Centre in Kunming, Chi...

LNG distributors seek price hike at retail level

-- June 10, 2018 18:30:49

All the state-owned gas distribution and transmission companies including Titas Gas have sought to hike gas prices by 75 per cent on average for different consumer groups at retail level. Thus, the p...

Ocean Paradise Hotel offers exclusive discounts to EBL cardholders

FE Online Desk June 10, 2018 13:40:26

Eastern Bank Ltd (EBL) has recently entered into a partnership agreement with Ocean Paradise Hotel and Resort located in Cox’s Bazar. Under the agreement, EBL cardholders will enjoy exclusive d...

China to offer $4.7 billion in loans under SCO framework

Reuters June 10, 2018 12:52:55

Chinese President Xi Jinping, speaking at a summit of the Shanghai Cooperation Organisation (SCO), said the country would offer the equivalent of 30 billion yuan ($4.7 billion) in loans under a framew...

BKB holds review meeting of Ctg division

FE Online Desk June 10, 2018 12:48:26

A day-long review meeting of Bangladesh Krishi Bank (BKB) for the Chief Regional Managers, Regional Managers, Corporate Branch Heads and  Branch Managers of Chittagong division was held at the LG...

Jamuna Bank opens 123rd branch

FE Online Desk June 10, 2018 12:37:09

Jamuna Bank opened its 123rd branch at Shibpur, Norishingdi recently. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation inaugurated the Branch as the chief guest. Managing Director & CEO Jam...

NRB Bank arranges training programme

FE Online Desk June 10, 2018 12:27:45

NRB Bank Limited organised a day-long training programme titled “Prevention of Money Laundering & Terrorist Financing” at Bank’s Institute of Learning & Development, Dhaka re...

No country benefits from protectionism: Abe

-- June 10, 2018 10:55:22

Japanese Prime Minister Shinzo Abe said on Saturday that no country benefits from protectionism, and that all measures should be consistent with World Trade Organization rules, as he wrapped up a some...

G7 summit ends in disarray over tariffs

-- June 10, 2018 10:18:45

US President Donald Trump has retracted his endorsement of the joint communique issued at the end of the G7 summit, accusing Canada of "dishonesty". He said that other countries were imposing "ma...

Reduce corporate tax rate to 10pc: BGMEA

FE Report June 10, 2018 10:09:11

The apparel trade body urged the government on Saturday to reduce the proposed corporate tax rate to 10 per cent and withdraw source tax for the sector for next three years. "Every year the governmen...

FBCCI calls for lending rate cut in sync with fiscal benefits

FE Report June 10, 2018 10:01:27

The local top trade body on Saturday called for bringing the lending rate down to a single digit by harnessing fiscal benefits announced in the budget for the next fiscal. On Thursday, Finance Minist...

BGMEA demands reduction of corporate tax

FE Online Report June 09, 2018 20:18:14

BGMEA on Saturday demanded a reduction of proposed corporate tax to 10 per cent and withdrawal of source tax for the next three years for the apparel sector. Md Siddiqur Rahman, president of BGMEA ma...

Rupali Bank brings 565 branches under ATM network

FE Online Desk June 09, 2018 14:24:18

Rupali Bank Ltd has so far brought 565 branches under ATM network and the service will be broadened further in near future, the bank said in a statement. Former chief of army staff Nur Uddin Khan ina...

IMF for stronger supervision to address banking sector weaknesses

FE Online Report June 09, 2018 14:16:16

The International Monetary Fund (IMF) has emphasised the necessity of stronger regulations and supervision to address banking sector weaknesses. “The ratio of non-performing loans (NPLs) to tot...

e-Cab seeks tax holiday

FE Online Report June 09, 2018 14:08:46

e-Commerce Association of Bangladesh (e-Cab) has sought tax holiday and cash incentive for a specific time to boost the sector. The e-Cab also urged the government to redefine the sector and include...

Ant Financial raises world's largest-ever single fundraising

-- June 09, 2018 13:37:57

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising global...

SIBL opens branch in Ctg

FE Online Desk June 09, 2018 13:37:04

Social Islami Bank Limited (SIBL) has inaugurated Shantirhat Branch recently at Shantirhat, Patiya,Chattogram. Chairman of Social Islami Bank Limited Professor Md. Anwarul Azim Arif inaugurated the B...

Trump isolated on first day of G7 summit

-- June 09, 2018 12:24:56

Divisions between Donald Trump and other leaders of G7 nations were laid bare on the first day of their summit. The US leader made a surprise call for Russia to be readmitted to the group of top indu...

Spice prices spike as Eid draws near

FE Report June 09, 2018 10:20:13

With Eid-ul Fitr only seven days away, prices of meat and spices have increased further in the city markets, adding to the consumers' woes. Prices of beef, chicken, garlic, ginger, cloves, cardamom,...

Five SoBs await extension of counter-guarantees

FE Report June 09, 2018 10:12:52

The government is considering extension of counter-guarantees worth Tk 48 billion for Bangladesh Chemical Industries Corporation (BCIC), officials said. This will facilitate uninterrupted import of f...

Backtracks on banking commission

FE Report June 09, 2018 10:03:59

Finance Minister A M A Muhith backtracked on Friday from his position regarding formation of a banking commission by this month. Rather, he wanted to pass the responsibility of forming the commission...

Corporate tax cut to help reduce lending rates

FE Report June 09, 2018 09:50:47

Finance Minister AMA Muhith on Friday defended his proposal to cut corporate tax rates for banks and financial institutions, saying that the move is intended to help bring down the lending rates to si...

BD rice tax pushes India prices down

-- June 09, 2018 00:45:13

Rice export prices in India fell this week to their lowest this year. It happened before top buyer Bangladesh slaps import duty on exports of the grain after domestic production recovered, reports Re...

Highland Spring trials UK's first 100pc recycled bottle

-- June 08, 2018 15:05:50

Highland Spring, Scottish supplier of bottled water, is to become the first UK water brand to introduce a 100 per cent recycled bottle. The company is trialling the new plastic bottles in a bid to...

Allies set to clash with Trump over tariffs

-- June 08, 2018 11:07:51

Leaders of the Group of Seven rich nations are set to clash with a combative US President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminium they fear could lead to...