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Search results for: trade

IBBL board meeting held

IBBL board meeting held

FE Online Desk 2020-06-19 14:06:51

A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on Thursday through virtual conference. Presided over by Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank, the me...

Move to reconvene stalled JBJP meet, virtually

Move to reconvene stalled JBJP meet, virtually

MUNIMA SULTANA 2020-06-19 13:32:17

The government has taken a move to reconvene a meeting of the Japan-Bangladesh Joint Platform (JBJP) virtually at the end of this month, officials said. They said the Public Private Partnership Autho...

India plans extra tariffs on 300 products from China

India plans extra tariffs on 300 products from China

-- 2020-06-19 10:10:04

India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses....

Cement makers seek reversal of provision

Cement makers seek reversal of provision

FE REPORT 2020-06-19 09:44:35

Local cement manufacturers have sought reversal of a provision regarding non-adjustable tax at their import and supply stage for the sake of the industry's survival. They said the non-adjustable AIT...

Rice prices up   

Rice prices up  

Yasir Wardad 2020-06-19 09:40:40

The prices of all kinds of rice went up in the city market last week adding to woes of the consumers during the coronavirus pandemic. Prices of most rice varieties increased by Tk 3.0-4.0 per kilogra...

Vessels' docs auto-renewed for six months   

Vessels' docs auto-renewed for six months  

SYFUL ISLAM 2020-06-19 09:28:55

The Department of Shipping (DoS) has extended the validity of certificates, surveys, audits and inspections of Bangladeshi flag vessels, which have already expired or are going to expire before Octo...

Oil slump cuts power cost

Oil slump cuts power cost

M AZIZUR RAHMAN 2020-06-19 09:27:26

The local overall electricity generation costs have fallen amid a downtrend in global oil prices with the spread of the Covid-19 pandemic across countries. "The falling oil prices have reduced electr...

BRAC launches support to returned migrant workers

BRAC launches support to returned migrant workers

FE Report 2020-06-19 09:26:20

BRAC has launched an emergency financial support of Tk 30 million for 7,250 returned migrant workers who are affected by the coronavirus pandemic. Dr Ahmed Munirus Saleheen, secretary of Ministry of...

UCB Director Farid Uddin dies of COVID-19

UCB Director Farid Uddin dies of COVID-19

-- 2020-06-18 16:28:22

Farid Uddin Ahmed, director of United Commercial Bank (UCB) and member of its risk management committee, died of COVID-19. He breathed his last at Anwer Khan Modern Hospital in Dhaka at 12:30am on Th...

No more free lunch: Banks collecting VAT on use of foreign movie channels

No more free lunch: Banks collecting VAT on use of foreign movie channels

Doulot Akter Mala 2020-06-18 09:58:25

Banks have started deducting value added tax or VAT on the subscription of Netflix and other global entertainment platforms after orders from the central bank and the tax authority. The subscribers...

Rice, paddy procurement witnesses poor progress

Rice, paddy procurement witnesses poor progress

YASIR WARDAD 2020-06-18 09:50:03

The government's rice and paddy procurement drive has seen poor progress due to satisfactory prices of the grain in the mainstream market, said insiders. The directorate general of food (DGoF) could...

BD workers in KSA go unpaid for months

BD workers in KSA go unpaid for months

ARAFAT ARA 2020-06-18 09:43:02

Many Bangladeshi workers staying in Saudi Arabia have not been getting due wages for months, thus living in reduced circumstances during this coronavirus pandemic. Talking to the FE, some workers sai...

Large number of general audit objections nulled automatically

Large number of general audit objections nulled automatically

FE REPORT 2020-06-18 09:40:00

A significant number of general audit objections was nulled automatically through an order issued to help strengthen the office of the Comptroller and Auditor General (CAG) of Bangladesh, officials...

Website on Parachute Just For Baby launched

Website on Parachute Just For Baby launched

FE Online Desk 2020-06-17 21:38:47

Marico Bangladesh Limited has recently launched a website under Parachute Just for Baby brand that would serve as an informative web platform for parents regarding safe baby care. This will act as a r...

BD defers two LNG cargoes as demand fell due to Covid-19

BD defers two LNG cargoes as demand fell due to Covid-19

FE Online Report 2020-06-17 19:49:42

Bangladesh has deferred two LNG cargoes having the capacity of carrying 138,000 cubic meters of LNG each as nationwide lockdown to combat the coronavirus pandemic has dented domestic demand of natural...

Visa to establish office in BD

Visa to establish office in BD

-- 2020-06-17 18:57:09

Visa Inc, a leader in payments technology, on Wednesday unveiled its plans to establish a country liaison office in Dhaka. The new office, expected to be established by year end will staff a team of...

HSBC revives plan to axe 35,000 jobs, memo shows

HSBC revives plan to axe 35,000 jobs, memo shows

-- 2020-06-17 13:48:37

HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed. The bank will a...

Raw materials for face shields: Govt mulls exempting all import duties

Raw materials for face shields: Govt mulls exempting all import duties

FE REPORT 2020-06-17 11:08:02

The government is considering exemption of all related duties excepting VAT on the import of raw materials for producing face shields locally. Officials said the initiative has been made to encourage...

Aid sought as shrimp sector sliding into deep crisis

Aid sought as shrimp sector sliding into deep crisis

FE DESK REPORT 2020-06-17 10:42:26

Shrimp sector stakeholders and industry leaders have appealed to the government of Bangladesh to help the shrimp industry as it is sliding into a deep crisis due to the ongoing global Covid-19 pandemi...

Return submission on imports in five days: CCCI's call to reverse Finance Bill measure

Return submission on imports in five days: CCCI's call to reverse Finance Bill measure

OUR CORRESPONDENT 2020-06-17 09:59:15

Chattogram Chamber of Commerce and Industry (CCCI) called upon Finance Minister A H M Mostafa Kamal not to execute the amendment on fixation of submission of return on imported goods within five day...

Credit rating companies to let Bangladeshi firms access foreign loans

Credit rating companies to let Bangladeshi firms access foreign loans

-- 2020-06-16 21:09:12

Two Hong Kong based credit rating companies have begun working in Bangladesh from Tuesday to provide assistance to banks, financial institutions and business houses for getting credit from abroad. In...

BSTI revokes licenses against eight products

BSTI revokes licenses against eight products

FE ONLINE REPORT 2020-06-16 18:39:23

Bangladesh Standards and Testing Institution (BSTI) has revoked the licenses of eight products of six companies due to the expiry of the license. The licenses have been cancelled in accordance with S...

BB allows banks to issue international debit cards

BB allows banks to issue international debit cards

FE Online Report 2020-06-16 18:02:14

The central bank of Bangladesh has issued a guideline allowing banks to issue international debit cards (IDCs) in favour of eligible persons against their annual travel entitlements. Under the provis...

Prime Bank, BASIS join hands to finance MSMEs

Prime Bank, BASIS join hands to finance MSMEs

FE Online Report 2020-06-16 16:54:29

Prime Bank Ltd on Tuesday announced an alliance with Bangladesh Association of Software and Information Services (BASIS) to finance micro, small and medium enterprises (MSMEs) under the ICT sector. B...

US companies can work with Huawei on 5G, other standards: Commerce Dept

US companies can work with Huawei on 5G, other standards: Commerce Dept

REUTERS 2020-06-16 15:59:39

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on US companies doing business with China's Huawei to allow them to work together on setting standards for ne...

Uber launches '‘Uber Connect’ package delivery service

Uber launches '‘Uber Connect’ package delivery service

-- 2020-06-16 15:04:17

Uber has announced the launch of a new package delivery service called ‘Uber Connect,’ for Dhaka residents amid the coronavirus pandemic. “Residents will be able to send and receive...

Loan taken by TCB hits record high this fiscal

Loan taken by TCB hits record high this fiscal

Rezaul Karim 2020-06-16 10:14:17

The volume of loan taken by Trading Corporation of Bangladesh (TCB) has hit a record high of around Tk 2.60 billion in the outgoing fiscal year, sources said. The state-run agency took the loan to su...

Broiler chicken, coarse rice prices go up

Broiler chicken, coarse rice prices go up

FE Report 2020-06-16 09:53:34

The prices of broiler chicken and coarse rice have increased in the city markets, hitting the commoners hard. The price of broiler chicken showed a downtrend after Eid-ul-Fitr festival last month. Bu...

Banks in commercial areas of red zones to remain open

Banks in commercial areas of red zones to remain open

FE Online Report 2020-06-15 22:34:46

The central bank has asked scheduled banks to keep open all branches located in commercial areas of both Dhaka and Chattagram from 10:00am to 3:00pm, even if the areas are identified as red zones.&nbs...

Sheikh Fazle Fahim elected new SAARC CCI VP

Sheikh Fazle Fahim elected new SAARC CCI VP

FE Online Desk 2020-06-15 21:37:51

Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has been elected the new Vice President of SAARC Chamber of Commerce and Industry (CCI). The CCI...