Search results for: trade

AMTOB seeks SIM tax cut, minimum tax withdrawn

-- 2020-05-08 18:11:36

The Association of Mobile Operators of Bangladesh has asked for elimination of minimum turnover tax and rationalisation of corporate income tax in line with the regional countries in the national budg...

Ctg trade body leaders not in mood to reopen markets

Nazimuddin Shyamol 2020-05-08 09:58:01

CHATTOGRAM: Despite enormous economic loss suffered by shopkeepers and small traders of greater Chattogram triggered by the 40-day-long general holidays due to coronavirus outbreak, many merchant bodi...

Banks, NBFIs invited to sign agreements

SIDDIQUE ISLAM 2020-05-08 09:33:33

The central bank has invited applications from interested banks by May 14 to sign participatory agreements (PAs) on receiving refinancing facility under the large industries and services sector. All...

NBR orders probing VAT-evading firms

Doulot Akter Mala 2020-05-08 09:31:38

National tax collector has ordered the field-level VAT offices to investigate businesses that avoided the payment of consumption levy and submission of returns, despite being operational during the lo...

Foreign missions asked to take steps to woo buyers

FE REPORT 2020-05-08 09:31:03

Bangladesh has asked commercial councillors of its missions abroad to take effective steps so that export orders are not cancelled by the buyers concerned. The Commerce Minister Tipu Munshi said this...

VAT waiver for PPE makers

FE Report 2020-05-07 12:06:51

The National Board of Revenue (NBR) has waived Value Added Tax (VAT) to facilitate local production of personal protective equipment (PPE) and surgical face masks to fight COVID-19. From now on, loca...

Ports asked to speed up release of goods

FE Report 2020-05-07 09:30:17

The government has asked the authorities concerned to take effective measures for speedy release of imported goods--especially key essential commodities--from different ports amid the coronavirus pand...

BBA seeks lower fund for Padma Bridge in FY ’21

FE Report 2020-05-07 09:29:33

The Bangladesh Bridges Authority (BBA) has sought Tk 50 billion funds in the upcoming development budget for the Padma Bridge construction work, lower than the amount in the current fiscal year (FY),...

Bashundhara City, Jamuna Future Park not reopening for Eid shopping

-- 2020-05-06 21:53:32

Bashundhara City Complex and Jamuna Future Park are not opening their doors to Eid shoppers as a precaution against the coronavirus infection even as the government has greenlighted reopening of shopp...

Govt not to allow hawkers before Eid

-- 2020-05-06 21:20:37

The government will not allow hawkers on pavements before Eid-ul-Fitr due to risk of coronavirus infection. However, shops and shopping malls will be reopened from May 10. The home ministry notified...

Samsung heir makes rare apology over controversial succession

-- 2020-05-06 21:02:13

Samsung Group heir Jay Y Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and said he will not hand over management rights to his children at t...

BCCCI to donate coronavirus protection materials

-- 2020-05-06 20:05:32

Bangladesh China Chamber of Commerce and Industry (BCCCI) along with Anhui Love Charity Foundation are going to donate Coronavirus protection materials (Mask, Hand sanitizer, Antibacterial Soap) among...

Tk 11b seed money sought for small entrepreneurs

FE Online Report 2020-05-06 19:22:33

The Ministry of Industries has sought Tk 11 billion as seed money to provide loan to the micro and small entrepreneurs that remain outside the banking system. The ministry sent a letter to the Mini...

Qatar Airways warns of 'substantial' job losses

-- 2020-05-06 16:21:01

Qatar Airways has warned its employees of ‘substantial’ redundancies as it struggles with a collapse in demand. Its chief executive Akbar Al Baker wrote to staff warning of the job losses...

Air fares face turbulence when flights slowly restart

-- 2020-05-06 14:30:46

Air fares should fall when flights restart but then rise by at least 50 per cent, warns a global airline industry body. Airlines are keen to get planes back in the skies quickly which could lead to o...

IRENA, ESCAP step up efforts to support Asia-Pacific’s crisis response

FE ONLINE DESK 2020-05-06 13:33:29

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Renewable Energy Agency (IRENA) will work together to improve access to sustainable energy, bol...

Expect a bumpy recovery? Exchanges may provide an upside

REUTERS 2020-05-06 11:59:32

As market volatility has eased after the mayhem of March, investors betting on a rocky economic recovery from the coronavirus crisis are buying shares of exchanges that are poised to profit if more tu...

Buying new clothes during this Eid?

-- 2020-05-06 10:34:46

Overshadowed by the coronavirus outbreak, the Eid-ul-Fitr, the biggest religious festival of the Muslims, will be celebrated this year in a setting unlike anything the world has ever seen as worries a...

Mango, litchi growers fall into predicament

YASIR WARDAD 2020-05-06 09:42:49

The COVID-19 pandemic and subsequent lockdown have put mango and litchi growers into great trouble. Limited transportation, coupled with poor demand, has been forcing many farmers to leave mangoes...

Health safety of workers: Tough line on errant units

Monira Munni 2020-05-06 09:38:49

The government is going to take a hard line to fully enforce health guidelines in industrial units as most factories are operating amid the coronavirus pandemic. To this effect, sources said, special...

Govt favours forward contract for import of key essentials

Rezaul Karim 2020-05-06 09:33:47

The government is set to encourage 'forward contract' mechanism for import of key essential goods to avert any possible supply crisis in near future, officials said. A forward contract is anagreement...

Non-RMG sectors cry foul

FE REPORT 2020-05-06 09:30:04

Stringent procedural complexities make it difficult for non-apparel businesses to avail the relief packages intended to cushion the blow from the coronavirus pandemic. Leaders of the non-readymade ga...

Mass deportation of BD workers raises concern

Mir Mostafizur Rahaman 2020-05-06 09:28:14

With 1,635 Bangladeshi workers deported from the Middle-East (M-E) countries last week and more in the pipeline, experts call for undertaking prudent diplomatic and fiscal management to absorb economi...

Govt allows e-commerce providers to deliver foods, gadgets

-- 2020-05-05 21:46:01

The government has allowed e-commerce providers to deliver food items, books, electronic gadgets and dresses to customer's doorsteps adopting proper safety measures. The Commerce Ministry issued a n...

Fresh borrowers to pay interest for April, May

SIDDIQUE ISLAM 2020-05-05 11:31:28

Fresh borrowers will have to pay interest on all kinds of loans as usual for April and May, according to a Bangladesh Bank, or BB, notice on Monday. All the banks have been asked to transfer interest...

UK new car sales slip to lowest level since 1946

-- 2020-05-05 11:25:02

British new car sales slumped by around 97 per cent in April to the lowest level of any month since February 1946, according to preliminary data from an industry body. Lockdown measures have been in...

Vietnam earns $16.2b from exporting mobile phones in four months

-- 2020-05-05 10:46:14

Vietnam earned nearly 16.2 billion US dollars from exporting phones and components in the first four months of this year, posting a year-on-year increase of 1.1 per cent, accounting for 19.5 per cent...

2,200 garment factories seek Tk 31.5b bailout to pay wages

-- 2020-05-05 10:17:28

Around 2,200 clothing factories have applied for bank credits worth nearly Tk 31.5 billion from the government’s coronavirus bailout funds to pay workers. They sought the loans with 2 per cent...

Special parcel train service halted

FE Report 2020-05-05 09:51:38

Two days after its launch, special train service for parcel transportation on three routes of the country has stopped for not getting positive response from service recipients. However, Bangladesh Ra...

Take delivery of goods or face auction, warn Customs

Doulot Akter Mala 2020-05-05 09:42:25

The Customs authority has issued warning that imported goods would be put up for auction if the relevant parties fail to get those released on time from both sea and air ports. The Chittagong Customs...