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Nagad brings down cash-out charge to single digit

Nagad brings down cash-out charge to single digit

FE ONLINE DESK 2020-10-01 12:56:13

For the first time in the country Nagad has brought down the cash-out charge to Tk 9.99 per Tk 1,000, the lowest rate ever in the country’s burgeoning mobile financial service segment The mobil...

Hamid Ullah Bhuiyan new chairman of Financial Reporting Council

Hamid Ullah Bhuiyan new chairman of Financial Reporting Council

FE Online Report 2020-10-01 12:43:43

Dr Md Hamid Ullah Bhuiyan, a Professor at the Department of Accounting & Information Systems of the University of Dhaka has joined the Financial Reporting Council as chairman for the next four yea...

Global housing markets face tougher year ahead, poll shows

Global housing markets face tougher year ahead, poll shows

Reuters 2020-10-01 11:12:38

Most major housing markets won’t keep up with the consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and...

Walton digital campaign season-8 begins

Walton digital campaign season-8 begins

FE ONLINE DESK 2020-10-01 11:11:03

Walton has started season-8 of its nationwide digital campaign with the offer of getting 500 per cent cash vouchers on purchase of Walton fridge, washing machine and microwave oven. Aimed to del...

36pc want to travel for business, 31pc for leisure purposes amid pandemic: Survey

36pc want to travel for business, 31pc for leisure purposes amid pandemic: Survey

FE REPORT 2020-10-01 10:44:12

Some 36 per cent people want to travel for business purposes while some 31 per cent for leisure and 34 per cent for family purposes during the coronavirus pandemic, according to an online survey. Amo...

RTHD seeks Tk 4.85b as equity for DMTCL

RTHD seeks Tk 4.85b as equity for DMTCL

FE REPORT 2020-10-01 10:20:23

The Road Transport and Highways Division (RTHD) has sought an allocation of Tk 4.85 billion as equity for Dhaka Mass Transit Company Limited (DMTCL), aiming to meet the company's interim operating c...

Apparel makers looking to grab global PPE market share

Apparel makers looking to grab global PPE market share

MONIRA MUNNI 2020-10-01 10:05:28

With the demand for personal protective equipment (PPE) rising amid the Covid-19 pandemic, a good number of apparel makers have expanded production capacity while some other companies are investing af...

Bangladesh government survey blames hoarding for rice price volatility

Bangladesh government survey blames hoarding for rice price volatility

REZAUL KARIM 2020-10-01 10:03:05

Blaming manipulation by millers for the recent rice market volatility, a government survey said the millers are involved in hoarding the staple food. The hoarding has also triggered an artificial sup...

Call to expedite lending for smaller enterprises

Call to expedite lending for smaller enterprises

FE REPORT 2020-10-01 09:47:46

An aggressive strategy for full implementation of loan disbursement to the cottage, micro, small and medium enterprises needs to be ensured to attain the October deadline. Almost 80 per cent such f...

Padma Bridge: Span installation unlikely soon due to river swelling

Padma Bridge: Span installation unlikely soon due to river swelling

MUNIMA SULTANA 2020-10-01 09:45:26

Steel truss span installation work over 10 piers of the Padma Bridge is unlikely to resume shortly, as the river started swelling suddenly after a downtrend in the middle of this month (September),...

Arrests reveal bKash accounts hacking

Arrests reveal bKash accounts hacking

FE REPORT 2020-10-01 09:39:10

bKash hackers buy per page of cash-in register at Tk 300 from their agents to trap victims, detectives said after arresting nine members of a gang. The plainclothes unit of the police force said the...

70,000 RMG workers lose jobs since Covid-19 hit Bangladesh

70,000 RMG workers lose jobs since Covid-19 hit Bangladesh

FE ONLINE REPORT 2020-09-30 22:47:05

Some 106 readymade garment (RMG) factories have retrenched a total of 70,000 workers since the outbreak of coronavirus in the country. Bangladesh Garment Manufacturers and Exporters Association (BGME...

Daraz First Games organises Bangladesh vs Pakistan ludo tournament

Daraz First Games organises Bangladesh vs Pakistan ludo tournament

-- 2020-09-30 19:13:11

Daraz Bangladesh, a concern of Alibaba Group and the country’s largest e-commerce platform, is organising Bangladesh vs. Pakistan International Ludo tournament for the first time on its app&rsqu...

LankaBangla Foundation held ‘Sewing Machine Distribution Program 2020’ in Kurigram

LankaBangla Foundation held ‘Sewing Machine Distribution Program 2020’ in Kurigram

-- 2020-09-30 16:52:13

LankaBangla Foundation held ‘Sewing Machine Distribution Program 2020’ for 30 distressed women from different areas of Kurigram district recently.  The foundation successfully implem...

Disney decides to lay off 28000 parks unit workers due to pandemic

Disney decides to lay off 28000 parks unit workers due to pandemic

-- 2020-09-30 10:44:26

Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its US theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Dis...

Imported onion reaches Chattogram port

Imported onion reaches Chattogram port

OUR CORRESPONDENT 2020-09-30 10:08:48

The first consignment of imported onions in two containers by sea route was unloaded at Chattogram seaport on Tuesday morning. The onion-laden ship, MV Kota Egnorik, berthed at the port jetty on Mond...

CCC urges apparel brands to ensure workers' payment

CCC urges apparel brands to ensure workers' payment

FE REPORT 2020-09-30 10:00:26

A global rights group - Clean Clothes Campaign (CCC) - called on apparel brands and retailers, including H&M, Primark and Nike, to commit a wage assurance, ensuring payment of workers of their sup...

Row over auto visa renewal: Stranded migrants may fail to return to KSA

Row over auto visa renewal: Stranded migrants may fail to return to KSA

ARAFAT ARA 2020-09-30 09:50:04

Saudi-bound stranded Bangladeshi workers in multitudes may fail to return to worksites in the oil-rich country as their visa will not be renewed automatically, insiders have said. The validity of vis...

Bangladesh starts consuming spot LNG

Bangladesh starts consuming spot LNG

M AZIZUR RAHMAN 2020-09-30 09:32:06

Bangladesh has started consuming spot LNG (liquefied natural gas), taking benefit of lower oil and natural gas prices globally. The first cargo, carrying 138,000 cubic metres of lean LNG, reached M...

Release of goods: Businesses allege harassment by customs intelligence

Release of goods: Businesses allege harassment by customs intelligence

Doulot Akter Mala 2020-09-30 09:27:27

Intelligence officials are accused of delaying the release of imported goods from the customs houses, causing harassment to businesspeople. Businesses said the release of goods now takes almost a m...

FBCCI discusses investment opportunities with South Africa

FBCCI discusses investment opportunities with South Africa

FE Online Desk 2020-09-30 00:32:13

The leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently took part in a cloud conference titled, ‘Bilateral Trade and Investment Opportunities in the Ongoing Gl...

Oracle enables customers to build business resilience   

Oracle enables customers to build business resilience  

FE Online Desk 2020-09-29 23:56:24

Extending its lead in the cloud ERP market, Oracle on September 29 announced updates to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Manageme...

1st consignment of 58 tonnes Myanmar onion unloaded from Ctg port

1st consignment of 58 tonnes Myanmar onion unloaded from Ctg port

-- 2020-09-29 18:24:20

In response to the crisis, the first consignment of 58 tonnes Myanmar onions were unloaded from the port on Monday night as Chattogram Seaport Plant Quarantine Centre issued a clearance. Mohammad Asa...

India to omit discriminatory investment policy for Bangladeshis

India to omit discriminatory investment policy for Bangladeshis

FE ONLINE REPORT 2020-09-29 18:04:13

India has agreed to omit discriminatory investment policy for Bangladeshis. The assurance came during the 6th Joint Consultative Commission meeting held virtually on Tuesday. Both the countries agre...

Ahmed Food and its DMD wins 'AsiaOne Fastest Growing Brands and Leaders' Award   

Ahmed Food and its DMD wins 'AsiaOne Fastest Growing Brands and Leaders' Award  

FE Online Desk 2020-09-29 16:02:36

Ahmed Food Products (Pvt.) Limited, one of the biggest manufacturers of food products in Bangladesh, has been recently recognized as the “Fastest Growing Brand” in Bangladesh by...

LankaBangla Finance, Shinepukur Suites sign MoU

LankaBangla Finance, Shinepukur Suites sign MoU

FE Online Desk 2020-09-29 15:53:20

LankaBangla Finance Ltd (LBFL) has recently signed a memorandum of understanding (MoU) with Shinepukur Suites for its customer privilege. Under the agreement, LBF cardmembers will enjoy buy one get t...

Emirates transports 160,000 kgs of relief goods to Beirut

Emirates transports 160,000 kgs of relief goods to Beirut

FE Online Desk 2020-09-29 12:11:15

More than a month after the Beirut blasts, Emirates Contributions are continuing to pour in from Emirates customers around the world as cash or Skywards Miles, bolstering Emirates SkyCargo’s (Ca...

43pc RMG workforce malnourished: GAIN

43pc RMG workforce malnourished: GAIN

-- 2020-09-29 10:30:00

About 43 per cent ready-made garments (RMG) workers of Bangladesh are suffering from malnutrition, according to Global Alliance for Improved Nutrition (GAIN), a Swiss-based International Organization....

E-commerce can account for '70pc transactions of goods and services'

E-commerce can account for '70pc transactions of goods and services'

FE DESK REPORT 2020-09-29 10:13:34

About 70 per cent transactions of goods and services could be done on e-commerce platforms which presently stands at only 5.0 per cent, said Mahtab Uddin Ahmed, Managing Director & CEO of Robi Axi...

Rice prices strike seven-month high

Rice prices strike seven-month high

 FE REPORT 2020-09-29 09:21:06

Rice prices spiralled again as coarse varieties hit a seven-month high of Tk 50 a kg on Monday, compounding the woes of the poor and fixed earners. All varieties of rice prices rose by 2.0-5.0 a kg i...