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The Financial Express

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Facebook says it will pay $1.0b to news industry

Facebook says it will pay $1.0b to news industry

AP 2021-02-25 21:56:27

Facebook, following in Google's footsteps, says it plans to invest $1.0 billion to "support the news industry" over the next three years. The social networking giant, which has been tussling with Aus...

Chinese contractor for Padma rail link project faces fund crisis

Chinese contractor for Padma rail link project faces fund crisis

FE ONLINE DESK 2021-02-25 12:22:08

The Chinese contractor for the Padma Bridge Rail Link Project (PBRLP) alleges that it is facing a fund crisis due to a delay in the payment release by Bangladesh Railway. "The fund crisis seems to ha...

Global business jet deliveries decline 20pc in 2020

Global business jet deliveries decline 20pc in 2020

Reuters 2021-02-25 10:52:17

Global business jet deliveries declined 20.4 per cent to 644 aircraft in 2020 as the Covid-19 pandemic weighed on production earlier in the year, the General Aviation Manufacturers Association (GAMA)...

Bangladesh's four railway mega projects under Belt and Road Initiative suffer delay

Bangladesh's four railway mega projects under Belt and Road Initiative suffer delay

Mir Mostafizur Rahaman 2021-02-25 10:42:19

Four mega projects of the Bangladesh Railway (BR) have suffered setback due to the delay in processing loan documents by the relevant Bangladeshi implementing agencies and bureaucratic complexities...

Handicrafts exhibition begins in city

Handicrafts exhibition begins in city

FE REPORT 2021-02-25 09:01:12

A five-day Handicrafts Exhibition-2021 began in the city on Wednesday. The Bangladesh Handicrafts Manufacturers and Exporters Association, or Banglacraft, organised the event marking the birth cent...

BIDA, BBF join hands to attract foreign investment

BIDA, BBF join hands to attract foreign investment

FE REPORT 2021-02-25 08:46:22

Bangladesh-Italy investment summit will be held in April next, aiming to promote bilateral trade between the two countries. Bangladesh Investment Development Authority (BIDA) and Better Bangladesh...

Bangladesh, Japan agree on new schedules for big infrastructure projects

Bangladesh, Japan agree on new schedules for big infrastructure projects

MUNIMA SULTANA 2021-02-25 08:30:57

Bangladesh and Japan have agreed to set new schedules for implementation of five big infrastructure projects here as the authorities concerned failed to meet the previous deadlines amid Covid-19 pan...

'Controversial' Vitol Asia set to build Bangladesh's lone LPG terminal

'Controversial' Vitol Asia set to build Bangladesh's lone LPG terminal

M AZIZUR RAHMAN and SYFUL ISLAM 2021-02-25 08:25:24

The globally 'controversial' Vitol Asia Pte Ltd is all set to expand its energy business in Bangladesh by bagging yet another lucrative deal. It is now in the process of securing an LPG terminal-bu...

Facebook to spend $1.0b in news industry after Australia row

Facebook to spend $1.0b in news industry after Australia row

-- 2021-02-24 21:41:56

Facebook Inc on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over paying news outl...

Apple buys a company every three to four weeks

Apple buys a company every three to four weeks

-- 2021-02-24 19:43:34

Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed. That works out at a company every three to four weeks, he told Apple’s...

Bangladesh-Japan Joint PPP platform meeting held

Bangladesh-Japan Joint PPP platform meeting held

-- 2021-02-24 19:23:34

The fourth Bangladesh-Japan Joint PPP platform meeting was held at the Prime Minister’s Office on Wednesday highlighting important projects presented by the Japanese side. Public Private Partne...

Banglacraft launches five-day exhibition in city

Banglacraft launches five-day exhibition in city

FE ONLINE REPORT 2021-02-24 18:18:55

The country’s apex body of handicraft manufacturers launched a five-day exhibition on Wednesday to promote their products. Bangladesh Handicrafts Manufacturers and Exporters Association, popula...

US wants favourable environment for its investors

US wants favourable environment for its investors

FE ONLINE REPORT 2021-02-24 18:03:50

United States Secretary of State Antony Blinken, during his conversation with Bangladesh Foreign Minister Dr AK Abdul Momen, sought favourable policy support from Bangladesh government to se...

Walton partners’ meet  held in Cox’s Bazar   

Walton partners’ meet held in Cox’s Bazar  

-- 2021-02-24 18:02:24

Walton organised a conference for its partners and distributors in Cox's Bazar aimed at sustaining continuous business growth successfully.   Over 2,000 distributors of the country’s ele...

Grameenphone, Virgo Pharmaceuticals sign MoU for digital growth

Grameenphone, Virgo Pharmaceuticals sign MoU for digital growth

-- 2021-02-24 17:43:48

Grameenphone recently signed a Memorandum of Understanding (MoU) with Virgo Pharmaceuticals Ltd to provide latter with mobile connections and other digital services. Nasar Yousuf, director of Grameen...

BB dashboard to monitor stimulus for smaller enterprises

BB dashboard to monitor stimulus for smaller enterprises

FE REPORT 2021-02-24 08:51:28

The central bank has launched an electronic system, generally known as 'dashboard' to expedite implementation of the stimulus package under the cottage, micro, small and medium enterprises (CMSMEs)...

Three operators want cap on GP on buying spectrum

Three operators want cap on GP on buying spectrum

FE REPORT 2021-02-24 08:49:47

The country's three mobile phone operators again sought the regulator's help to rein in Grameenphone (GP), as they fear that the largest market player might grab the total spectrum in the upcoming a...

Bangladesh Bank relaxes credit rating rules amid pandemic

Bangladesh Bank relaxes credit rating rules amid pandemic

Siddique Islam 2021-02-24 08:33:03

The central bank has relaxed the requirements of Internal Credit Risk Rating System (ICRRS) to help businesses avail credit facilities from the banks amid the Covid-19 pandemic, officials said. The...

India unwilling to include anti-dumping issue in trade deal talks with Bangladesh

India unwilling to include anti-dumping issue in trade deal talks with Bangladesh

SYFUL ISLAM 2021-02-24 08:27:47

India has again opposed inclusion of the issue of anti-dumping (AD) in a bilateral trade agreement that it has proposed to strike with Bangladesh, officials have said. The neighbouring country, the...

HSBC plans to nearly halve office space

HSBC plans to nearly halve office space

REUTERS 2021-02-23 20:50:39

HSBC plans to nearly halve its office space globally over the long term as part of a cost-cutting drive set out on Tuesday, in a further sign the pandemic could mean permanent changes to working patte...

Multibillion-dollar investment in the next five years in China's 5G

Multibillion-dollar investment in the next five years in China's 5G

Global Times 2021-02-23 16:36:44

Multibillion-dollar investment in the next five years in China's 5G to empower business and traditional manufacturing The Mobile World Congress (MWC) 2021, which usually takes place in Barcelona, Spa...

Chinese capital to be coveted by Indian firms after pandemic

Chinese capital to be coveted by Indian firms after pandemic

Global Times 2021-02-23 16:29:00

After more than half a year of reckless provocation against China, India reportedly plans to lift a blockage on Chinese investments amid its rising awareness of the importance of Chinese capital which...

How rich is Saudi Arabia?

How rich is Saudi Arabia?

REUTERS 2021-02-23 15:16:46

Saudi Arabia wants to demystify its finances. The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently kept off the oil-rich ec...

SUV registration significantly falls in 2020

SUV registration significantly falls in 2020

FE Online Report 2021-02-23 14:17:21

Registration of sport-utility vehicles (SUVs) in the hard/soft category witnessed a significant fall in 2020 compared to that of 2019, according to official data. A total of 4,911 SUVs were register...

Readiness for online shopping much lower in Bangladesh, finds UNCTAD index

Readiness for online shopping much lower in Bangladesh, finds UNCTAD index

FE ONLINE REPORT 2021-02-23 10:35:25

Bangladesh is still one of the least prepared countries for e-commerce, to be more precise, online shopping, according to UNCTAD's Business-to-Consumer (B2C) E-commerce Index 2020. The country’...

World's top 10 hedge fund managers earn $20.1b in 2020

World's top 10 hedge fund managers earn $20.1b in 2020

-- 2021-02-23 10:04:14

Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in 2020, showed data from Institutional Investor. Englander more...

Business Research and Development Council launched

Business Research and Development Council launched

Our Correspondent 2021-02-23 09:54:13

Bangladesh Business Research and Development Council (BBRDC), an organisation with a focus on trade and business research, officially started its journey in Chattogram city on Monday. Some young rese...

Azerbaijani firm files case against Bapex

Azerbaijani firm files case against Bapex

M AZIZUR RAHMAN 2021-02-23 08:29:10

Azerbaijan's state-run oil and gas company Socar AQS lodged a lawsuit against Bapex in international court over the long-pending dispute over payment regarding drilling of onshore gas-wells. Socar...

'Agricultural produce commission' recommended to serve farmers' interests

'Agricultural produce commission' recommended to serve farmers' interests

FE REPORT 2021-02-23 08:25:25

There is an urgent need for the formation of an 'agricultural produce commission' for the greater interests of the country's agricultural sector. The proposed commission would bargain with the govern...

Four-member ACC team to enquire about Tk 640b money laundering allegation

Four-member ACC team to enquire about Tk 640b money laundering allegation

FE REPORT 2021-02-23 08:19:22

The Anti-Corruption Commission (ACC) has formed a four-member team to enquire allegations of trade-based money laundering worth over Tk 640 billion. "The commission has received allegations of mone...