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Search results for: trade

BD SEZs to attract higher FDI: UNCTAD

Asjadul Kibria   June 13, 2019 09:36:31

The current development of special economic zones (SEZs) through public-private partnership in Bangladesh and other Asian countries is likely to help attract more foreign direct investment (FDI). The...

BD eyes big investments from S Korean biz giants

Saif Uddin June 13, 2019 09:32:27

A high-level business delegation from South Korea will visit Bangladesh in July next to explore possible investment opportunities here, officials said. "This is going to be the highest level of busin...

Farm subsidy likely to rise by 6.6pc

FE Report June 13, 2019 09:31:11

Allocation for agriculture subsidy is likely to increase by 6.6 per cent in the next budget long after six years from the level of the outgoing fiscal year (FY 2019). An official at the agriculture m...

Budget likely to up SD on mobile use to 10pc

Doulot Akter Mala June 13, 2019 09:13:02

Use of mobile phone is likely to be costlier with a two-fold hike in the existing Supplementary Duty (SD) on voice and data services in the budget for the upcoming fiscal year (FY), 2019-20. Finance...

Emirates transported 75,000 tonnes of pharmaceuticals in FY19

FE Online Desk June 12, 2019 14:06:47

Emirates SkyCargo, the freight division of airline giant Emirates, transported more than 75,000 tonnes of pharmaceuticals through its network during the financial year 2018-19 (FY19). To reinforce it...

Buying houses asked to get registered with Textile Dept

Monira Munni June 12, 2019 11:11:02

The government has asked all the buying houses operating in the country to get registered with Department of Textile (DoT) within next two months, officials said. The Ministry of Textiles and Jute (M...

At-source tax on savings tools likely to go up

Doulot Akter Mala June 12, 2019 10:48:30

The government is likely to increase the rate of tax deducted at source from profit earned through savings instruments in the upcoming fiscal year (FY), 2019-20. The at-source tax rate for the govern...

Nestle may extend meatless burger partnership with McDonald's

-- June 11, 2019 18:42:12

Nestle could expand its plant-based burger sales partnership with fast food chain McDonald’s beyond Germany and is also looking for other partners, the Swiss food giant’s head said on Tues...

Agent banking accounts increase to 2.9 million

-- June 11, 2019 18:38:08

The number agent banking accounts and deposit collection through the banking has increased at the end of January-March quarter compared to the previous quarter. According to the quarterly data of Jan...

Energypac Power inks deal with BEZA

FE Online Desk June 11, 2019 13:14:58

Energypac Power Generation Limited (EPGL), a leading power company in the country, signed a land lease agreement with Bangladesh Economic Zones Authority (BEZA) on Tuesday. Paban Chowdhury, Executive...

IBBL Ctg region arranges biz confce

FE Online Desk June 11, 2019 13:06:17

Chattogram Region of Islami Bank Bangladesh Limited organized business development conference at the Radisson Blue Hotel in Chattogram recently. Prof. Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Execut...

May exports climb to single-month high

FE Report June 11, 2019 11:13:17

The country's export earnings in May 2019 hit a record single-month high of US$ 3.81 billion, with the readymade garment sector contributing more than 85 per cent to the export receipts. The export e...

French firm keen to bag oil refinery contract

M Azizur Rahman June 11, 2019 10:37:14

French Technip has shown interest to build the proposed crude oil refinery as the engineering, procurement and construction (EPC) contractor. It has already proposed state-run Bangladesh Petroleum Co...

Local mobile call apps mushroom

Ismail Hossain June 11, 2019 09:51:02

Home-grown apps for voice, video call and instant messaging services are making inroads into the market, posing a threat to telecom operators' dominance over the same, industry insiders said. Seven i...

BD eyes $1.7b Chinese loan for power projects

Mir Mostafizur Rahaman June 11, 2019 09:41:01

Bangladesh is set to sign at least two loan agreements involving US$ 1.7 billion for two power grid projects during the upcoming visit of Prime Minister (PM) Sheikh Hasina to China. "So far, the Chin...

Rebate process for individuals may be eased

Doulot Akter Mala June 11, 2019 09:37:32

Investment rebate for individual taxpayers might be brought down to two stages with modifications in the forthcoming budget to ease the facility for salaried persons, officials said. There might be 1...

Classified loans cross Tk 1.0 trillion mark

Siddique Islam June 11, 2019 09:21:39

The amount of classified loans in the banking sector surpassed Tk 1.0 trillion-mark for the first time in March 2019, apparently defying close monitoring of the central bank. The volume of non-perfor...

Plastic goods manufacturers eye bigger global market share

-- June 10, 2019 18:08:21

The plastic goods sector, which has tremendous potential to capture global market, will flourish further if a specialised industrial zone and modern recycling system could be established, said busines...

Uber introduces phone anonymising technology

-- June 10, 2019 17:36:24

Ride-sharing company Uber on Monday introduced two-way phone anonymising technology to improve riders and drivers communication mode hiding mobile phone number. The new measure would anonymise phone...

Banglabandha land port resumes operations

-- June 10, 2019 17:22:41

The export and import activities resumed on Monday at Banglabandha Land Port in Panchagarh. The land port was closed for nine days on the occasion of the Eid-ul–Fitr holiday from June 1, report...

Now advance tax at import, commercial stages likely

Doulot Akter Mala June 10, 2019 10:55:26

Advance tax (AT) is likely to be imposed at commercial and import stages under the new value-added tax (VAT) law aiming to ensure proper revenue collection from potential sectors. The new AT would re...

S Korea, UK agree to sign free trade deal

-- June 10, 2019 10:24:23

South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of Britain's exit from the European Union in late October, South Korea's trade ministry said on Monday. The d...

Japan to take tech interns from BD soon

Arafat Ara June 10, 2019 10:09:39

Japan has formally started the process of recruiting technical interns (TIs) from Bangladesh through private recruiting agencies, officials said. To this end, both the countries have recently picked...

Govt set to impose ban on rice import

Rezaul Karim June 10, 2019 09:40:21

The government is set to ban rice import aiming to protect the farmers following a drastic fall in paddy prices at growers' level, sources said. To this effect, a proposal has already got the prime m...

Accreditation adds value to supply chain process: Experts

FE Online Report June 09, 2019 18:43:57

Accreditation can be an important tool for conformity assessment in supply chain process worldwide, said speakers on Sunday. Experts came up with the view at a discussion on the occasion of World Acc...

Chicken, egg, fish pricier

FE Report June 09, 2019 12:21:50

Chicken, egg, fish and vegetables were traded at much higher prices on Saturday in the capital as the kitchen markets were yet to get normal crowd after the Eid-ul-Fitr vacation. Transaction remained...

IMF's Lagarde highlights disruptive nature of fintech

Reuters June 09, 2019 10:43:00

International Monetary Fund (IMF) Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a sign...

Chattogram port facing container congestion

Nazimuddin Shyamol June 09, 2019 09:57:41

The Chattogram port, the prime seaport of the country, is facing container congestion due to a long Eid vacation. Even though the port remained open during the vacation, the delivery of containers wa...

Ratio of default loans low in consumer credit

FE Online Report June 08, 2019 21:07:52

Non-Performing Loans (NPLs), popularly known as default loans, is low against the consumer credit disbursed in the last calendar year. Financial Stability Report 2018, published by Bangladesh Bank la...

Benapole Port reopens after Eid vacation

-- June 08, 2019 19:23:49

Benapole, one of the most important land ports of Bangladesh, resumed operations on Saturday morning after a six-day Eid vacation, reports UNB. Clearing and Forwarding Agents Association President Mo...