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The Financial Express

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China Harbour provides relief materials for Covid affected people in Khulna

China Harbour provides relief materials for Covid affected people in Khulna

FE Online Desk 2020-07-07 16:03:59

China Harbour Engineering Company Ltd (CHEC) provided relief materials for distribution among 2,000 poor families in Khulana City Corporation area, who are badly affected by Covid pandemic. Relief mat...

Union Bank inaugurates Tongi branch

Union Bank inaugurates Tongi branch

FE Online Desk 2020-07-07 15:56:49

A B M Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited inaugurated the Tongi Branch as the chief guest through video conference from Head Office, Dhaka on 07 July. Deputy Managing Di...

Govt to import rice amid price surge during pandemic

Govt to import rice amid price surge during pandemic

-- 2020-07-07 13:27:43

The government has decided to buy rice from abroad while reducing the import duty, as local millers refused to supply the staple at the agreed price. “The government will import rice to keep th...

China suspends US-Bangla's Dhaka-Guangzhou route for one week

China suspends US-Bangla's Dhaka-Guangzhou route for one week

REUTERS 2020-07-07 11:52:45

China’s aviation regulator said on Monday it has suspended a US-Bangla Airlines route between Dhaka and Guangzhou for one week due to some passengers on a recent flight having tested positive fo...

ESCAP urges urgent actions on Covid recovery to stay on course for sustainable development

ESCAP urges urgent actions on Covid recovery to stay on course for sustainable development

FE ONLINE DESK 2020-07-07 11:26:51

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has called for urgent global actions on the Covid-19 recovery to stay on course for sustainable development. Governm...

Qatar eyes BD's fintech sector

Qatar eyes BD's fintech sector

FE REPORT 2020-07-07 11:13:22

Qatar eyes to tap the potential of the fintech (financial technology) sector in Bangladesh, India and Pakistan, according to a top official of the Qatar Financial Centre (QFC). This is mainly due to...

India reviewing around 50 investment proposals from Chinese firms

India reviewing around 50 investment proposals from Chinese firms

REUTERS 2020-07-07 10:11:55

The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters. Under new rules announ...

LPG export to India remains suspended due to pandemic

LPG export to India remains suspended due to pandemic

M AZIZUR RAHMAN 2020-07-07 10:05:36

Export of LPG or liquefied petroleum gas to neighbouring India has remained halted for about three and a half months due to the coronavirus pandemic, market insiders said. LPG export to India has rem...

Textile, clothing leaders seek 4.0pc cash incentive

Textile, clothing leaders seek 4.0pc cash incentive

FE REPORT 2020-07-07 09:58:41

Textile and clothing sector leaders demanded allowing four per cent cash incentive to the exporters against their repatriation of export proceeds instead of value addition. Bangladesh Garment Manufac...

Covid changes consumer behaviour amid anxiety

Covid changes consumer behaviour amid anxiety

FE REPORT 2020-07-07 09:51:34

Speakers at a virtual discussion in Dhaka city said on Monday a state of fear and uncertainty has changed consumer behaviour during the Covid-19 pandemic. Such insecurity has contributed to a reducti...

Emirates expands cargo connectivity to 100 destinations

Emirates expands cargo connectivity to 100 destinations

FE Online Desk 2020-07-06 15:41:17

Emirates SkyCargo, freight division of Emirates airline will be operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020. Some of the new cities added...

Moderate rebound in German industry orders points to slow recovery

Moderate rebound in German industry orders points to slow recovery

REUTERS 2020-07-06 14:52:16

Orders for German industrial goods rose by 10.4 per cent in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after loc...

US sanctions will hit Huawei, UK decision not set in stone, British minister says

US sanctions will hit Huawei, UK decision not set in stone, British minister says

REUTERS 2020-07-06 13:20:27

US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, Britain&...

Uber, Postmates agree on $2.65b all-stock deal

Uber, Postmates agree on $2.65b all-stock deal

REUTERS 2020-07-06 11:02:01

Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people famili...

BB bans ex-NRBC Bank chair

BB bans ex-NRBC Bank chair

FE Report 2020-07-06 10:02:27

The Bangladesh Bank has prohibited former chairman of NRB Commercial Bank Farasath Ali from owning stake in any bank or non-bank financial institutions for two years for his alleged irregularities....

India finally lets in import through Benapole

India finally lets in import through Benapole

-- 2020-07-06 09:50:34

India has finally allowed goods in from Bangladesh through Benapole Land Port in Jashore days after Bangladeshi exporters blocked imports from across the border, reports bdnews24.com. The local expor...

BGMEA requests govt to give reg to apparel buying houses

BGMEA requests govt to give reg to apparel buying houses

FE Report 2020-07-06 09:45:02

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) hasrequested the government to give registration to its associate-member buying houses, officials said. In this regard, the apex t...

Record 17pc slide in FY '20 exports

Record 17pc slide in FY '20 exports

MONIRA MUNNI 2020-07-06 09:34:03

Country's export earnings decreased by a record 17 per cent or $6.86 billion in the just-concluded fiscal since fiscal year (FY) 2001-02. The country fetched $33.67 billion in FY 2019-20 which was $4...

NBR tightens grip on vehicle-hiring scope for taxmen

NBR tightens grip on vehicle-hiring scope for taxmen

DOULOT AKTER MALA 2020-07-06 09:32:29

The National Board of Revenue (NBR) has tightened the vehicle-hiring scope for taxmen from this fiscal, creating difficulties for field-level tax inspection. From now on, tax, VAT and customs officia...

Biman halts Dubai, Abu Dhabi flights until July 16

Biman halts Dubai, Abu Dhabi flights until July 16

-- 2020-07-05 22:04:31

Biman Bangladesh Airlines has halted all its flights to Dubai and Abu Dhabi due to ‘unavoidable reasons’. The national flag carrier made the announcement in a press release on Sunday. Al...

AmCham starts providing assistance to marginal farmers

AmCham starts providing assistance to marginal farmers

FE Online Report 2020-07-05 18:42:48

American Chamber of Commerce in Bangladesh (AmCham) on Sunday started giving cash and technical assistance to 1,000 farm households, affected by the ongoing pandemic, in Sirajganj. The AmCham assista...

Rawhide traders can reschedule loans with 2pc down-payment

Rawhide traders can reschedule loans with 2pc down-payment

-- 2020-07-05 17:53:14

Rawhide traders have got an opportunity to reschedule their loans with a 2 per cent down-payment ahead of Eid-ul-Azha. Bangladesh Bank outlined the special facility in a circular issued on Sunday, re...

Indonesia says trade, investment deal with Australia takes effect

Indonesia says trade, investment deal with Australia takes effect

REUTERS 2020-07-05 15:06:00

An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia’s Trade Ministry said. The Indonesia-Aust...

Iran rial slides to new low as coronavirus, sanctions weigh

Iran rial slides to new low as coronavirus, sanctions weigh

REUTERS 2020-07-05 12:18:49

The Iranian rial fell to a new low against the US dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and US sanctions. The dollar was offer...

Sonali Bank fears profit slumps

Sonali Bank fears profit slumps

SYFUL ISLAM 2020-07-05 11:06:22

Sonali Bank fears its operating profit will slip by Tk 8.0 billion this year as fallout of the Covid-19 pandemic, causing further capital shortfall. The country's biggest state lender made some Tk 19...

Sacrificial animals in surplus this year

Sacrificial animals in surplus this year

SAJIBUR RAHMAN 2020-07-05 10:36:35

The government will take an initiative to ensure smooth management of sacrificial animals, reared by commercial and marginal farmers across the country, ahead of Eid-ul-Azha amid the Covid-19 pandem...

Work during pandemic: Entrepreneurs should embalm team spirit

Work during pandemic: Entrepreneurs should embalm team spirit

FE REPORT 2020-07-05 10:17:23

Entrepreneurs should prioritise sustaining the morale of their team members in recent times considering the Covid-19 situation in Bangladesh, a noted industrialist told a webinar on Saturday. The man...

Task force for action against 'ghost' power bill providers

Task force for action against 'ghost' power bill providers

FE REPORT 2020-07-05 10:14:34

A task force has recommended taking punitive measures against a dozen of employees of utility service providers for their alleged involvement in providing 'inflated' electricity bills to consumers. I...

NBR curbs bond licensing

NBR curbs bond licensing

DOULOT AKTER MALA 2020-07-05 09:50:05

The National Board of Revenue has tightened rules for issuing licences to the exporters for availing bonded warehouse facility so that its abuse can be checked. The board has imposed new conditions f...

'Corporates not preparing quality financial reports'

'Corporates not preparing quality financial reports'

FE Report 2020-07-05 09:30:51

Experts at an online meeting on Saturday said many corporates were not preparing quality financial reports. Chairman of Financial Reporting Council (FRC) CQK Mustaq Ahmed said at the meeting many com...