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The Financial Express

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Walton showcase of country’s development: Golam Murshed

Walton showcase of country’s development: Golam Murshed

-- 2021-07-31 21:58:00

"Bangladesh is doing tremendous things. The country is booming in development. If anyone wants to gain confidence on what actually Bangladesh is doing, Walton is one of the brightest examples of that...

Sustainable river dredging, management necessary for economic growth, experts say   

Sustainable river dredging, management necessary for economic growth, experts say  

FE Online Desk 2021-07-31 17:34:29

Experts in a virtual discussion have raised some important issues, namely green transportation on waterways, river training, capacity building, sustainable dredging, lack of a master plan, VAT and t...

Crab exports to China begin after nine-month gap

Crab exports to China begin after nine-month gap

-- 2021-07-31 16:09:46

Bangladesh has restarted the export of crabs to China, its biggest market, after a pause of nine months amid the ongoing coronavirus pandemic. Exports resumed last month after the country fulfilled s...

Substandard solar panels banned

Substandard solar panels banned

SYFUL ISLAM 2021-07-31 09:51:46

The government has prohibited selling, distribution and advertising of solar panels and inverters unless they meet Bangladesh Standard (BDS). The industries ministry has recently issued a gazette n...

Dhaka requests Delhi not to impose anti-dumping duty on CFG

Dhaka requests Delhi not to impose anti-dumping duty on CFG

REZAUL KARIM 2021-07-31 08:27:25

Bangladesh has requested India not to impose anti-dumping duty (ADD) on its clear float glass (CFG) as such Bangladeshi product was not being exported to the Indian market at dumped prices, official...

Two new inland container depots may be operational by this year

Two new inland container depots may be operational by this year

JASIM UDDIN HAROON 2021-07-31 08:18:29

The construction of two new private inland container depots (ICDs) in Chattogram is going on in full swing, and those may come into operation within the next six to eight months. The ICDs are - Bay L...

BRAC unveils theme song for “Dakchhe Abar Desh” initiative

BRAC unveils theme song for “Dakchhe Abar Desh” initiative

FE ONLINE DESK 2021-07-30 14:46:09

BRAC on Thursday afternoon unveiled the theme song for its “Dakchhe Abar Desh” initiative calling on all to stand by the people who have lost their earnings amid the new waves of the pande...

Why Bangladesh is looking to upgrade railway infrastructure

Why Bangladesh is looking to upgrade railway infrastructure

-- 2021-07-30 10:50:19

In a bid to boost regional trade, the government is emphasising railway communication infrastructure by taking up a long-term project to upgrade all rail lines in Bangladesh to dual gauge, bdnews24.co...

'Don't use cryptocurrencies': BB clarifies its stand after reports on its confidential letter

'Don't use cryptocurrencies': BB clarifies its stand after reports on its confidential letter

-- 2021-07-29 20:25:29

Bangladesh Bank has made its stand clear on cryptocurrencies and asked everyone to refrain from their transactions and promotions to avoid financial and legal risks. The central bank in a statement o...

Nomita Halder gets appointed as next PKSF managing director

Nomita Halder gets appointed as next PKSF managing director

-- 2021-07-29 18:27:48

Dr Nomita Halder, a former government secretary, has been appointed as the 11th managing director of Palli Karma-Sahayak Foundation (PKSF), Bangladesh’s apex microfinance organisation, reports b...

AstraZeneca vaccine sales more than triple in second quarter

AstraZeneca vaccine sales more than triple in second quarter

REUTERS 2021-07-29 15:26:06

AstraZeneca's Covid-19 vaccine sales more than tripled to $894 million in the second quarter from the previous three months, and the drugmaker updated its 2021 forecasts on Thursday to include sales f...

Govt urged to allow factory operation during lockdown

Govt urged to allow factory operation during lockdown

FE ONLINE REPORT 2021-07-29 13:24:52

Leaders of the country’s apex trade bodies including the textile and readymade garment (RMG) industry on Thursday again urged the government to allow factory operation as soon as possible amid t...

Startup Shikho receives $1.3m seed money

Startup Shikho receives $1.3m seed money

-- 2021-07-29 09:16:36

Home-grown education technology (edtech) startup Shikho, which aims to make high-quality education accessible and affordable for all, has recently completed a $1.3-million seed round of financing. Th...

BB asks banks to bring more entities under stimulus

BB asks banks to bring more entities under stimulus

FE REPORT 2021-07-29 09:04:37

The central bank of Bangladesh on Wednesday asked the commercial banks to bring new industry and service sector entities under the purview of the stimulus package. The Bangladesh Bank circular issu...

'Monopoly' awarded to single entity distorting competition: Robi CEO

'Monopoly' awarded to single entity distorting competition: Robi CEO

FE REPORT 2021-07-29 09:00:58

A significant monopoly awarded to a single mobile phone operator has allegedly created a distortion in the market, undermining the consumers' interest and affecting the digital vision of Bangladesh....

Self-skilled workers can enter formal job market: NSDA

Self-skilled workers can enter formal job market: NSDA

DOULOT AKTER MALA 2021-07-29 08:51:50

Informally or self-skilled workers will now be able to get a certificate of recognition nationally based on their experience to enter the formal job market. Jobless returnee technical workers, those...

Bangladesh Petroleum Corporation wants to get back authority to fix LPG price

Bangladesh Petroleum Corporation wants to get back authority to fix LPG price

M AZIZUR RAHMAN 2021-07-29 08:21:18

The energy sector regulator has been increasingly facing opposition from the LPG marketing companies on the issue of prices fixed by it for cooking gas cylinders. Some private LPG bottlers, alleged...

New mobile financial, payment service 'tap' launched

New mobile financial, payment service 'tap' launched

-- 2021-07-28 20:38:51

New mobile financial and payment service Trust Axiata Pay, "tap," was launched Wednesday. Chief of Army Staff General SM Shafiuddin Ahmed, the chairman of Trust Axiata Digital – the company tha...

Magistrate visits Maersk Bangladesh’s Banani office, allows it to keep open

Magistrate visits Maersk Bangladesh’s Banani office, allows it to keep open

FE Online Report   2021-07-28 20:33:17

An executive magistrate visited Maersk Bangladesh Limited’s Banani office on Wednesday as the office remained open. During his visit, Executive Magistrate Arafat Mohammad Noman gave a verbal or...

Banks closed on Aug 1, Aug 4, transaction hours extended

Banks closed on Aug 1, Aug 4, transaction hours extended

-- 2021-07-28 17:56:28

Banks will remain closed on Sunday, Aug 1 and Wednesday, Aug 4 due to the ongoing ‘strict lockdown’, according to a notice from Bangladesh Bank. Banking hours have also been extended unti...

Local contracting firms allowed to open bank accounts abroad

Local contracting firms allowed to open bank accounts abroad

FE REPORT 2021-07-28 08:39:48

The central bank has allowed local contractors to open bank accounts abroad without its prior approval. The resident contracting firms awarded with work orders to implement projects abroad can open...

Jamuna Group investing Tk 10b in Evaly

Jamuna Group investing Tk 10b in Evaly

-- 2021-07-27 22:58:22

Jamuna Group one of the leading industrial groups in the country is going to invest Tk 10 billion in the country's top E-commerce company Evaly in phases. Initially, Jamuna will invest Tk 2.0 billio...

Nagad to issue Tk 5.0b zero-coupon bond

Nagad to issue Tk 5.0b zero-coupon bond

UNB 2021-07-27 21:28:56

Nagad is set to issue a zero-coupon bond of Tk 5.0 billion with a face value Tk 7.5 billion at the end of its five-year maturity, in a first for a mobile financial services provider in Bangladesh. St...

City Bank enrolls to IFC’s Global Trade Finance Programme

City Bank enrolls to IFC’s Global Trade Finance Programme

-- 2021-07-27 19:36:28

City Bank has entered into an agreement with IFC to participate in the Global Trade Finance Programme (GTFP) as a confirming bank. With this, City Bank has become the first bank in Bangladesh to part...

Walton MD says investment in Bangladesh now fully secured

Walton MD says investment in Bangladesh now fully secured

FE ONLINE DESK 2021-07-27 15:42:12

Walton Hi-Tech Industries Limited Managing Director Engineer Golam Murshed said investment in Bangladesh is now fully secured as all the necessary elements for a country's industrialisation have been...

Bangladesh needs to focus on export preferences in EU market after LDC graduation

Bangladesh needs to focus on export preferences in EU market after LDC graduation

FE REPORT 2021-07-27 12:04:05

Bangladesh should focus on export preferences in the European Union market following its graduation from the least-developed country (LDC) status, discussants at a webinar said. As the country would...

NBR to make e-payment of tax mandatory

NBR to make e-payment of tax mandatory

DOULOT AKTER MALA 2021-07-27 11:25:51

Electronic payment (e-payment) of tax, which is now optional in some cases, will be gradually made mandatory in all the wings of the National Board of Revenue (NBR). The level of compliance in areas...

Tesla profit surges on record car deliveries

Tesla profit surges on record car deliveries

-- 2021-07-27 10:27:02

Tesla has reported surging profits, despite shortages of semiconductor chips and congestion at ports hampering production. Sales rose to $12bn (£8.6bn) in the three months to the end of Jun...

Next Generation to support young professionals in logistics sector through Covid crisis

Next Generation to support young professionals in logistics sector through Covid crisis

-- 2021-07-26 12:26:11

The Chartered Institute of Logistics and Transport (CILT) Bangladesh announced the new executive committee of its youth forum, the Next Generation for the term of 2021-2023 recently via a virtual cere...

Lockdown may affect rawhide collection this year

Lockdown may affect rawhide collection this year

YASIR WARDAD 2021-07-26 08:47:19

The ongoing hard lockdown has hit rawhide trade during this peak season, raising concern over low collection of the key product for the billion-dollar leather and footwear industry. Despite a slight...