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50pc Accord-inspected RMG factories lack adequate fire safety system

50pc Accord-inspected RMG factories lack adequate fire safety system

FE Report 2019-03-20 09:41:23

More than 50 per cent of the garment factories inspected by Accord still lack adequate fire detection and alarm system - one of the major life-threatening safety concerns, according to the platform's...

HC exploration delay: Indifference, liking for ad-hoc solution blamed

HC exploration delay: Indifference, liking for ad-hoc solution blamed

M Azizur Rahman 2019-03-20 09:19:34

The government's protracted 'indifference' and propensity to look for 'ad-hoc' solution to the country's energy crisis have been delaying the domestic hydrocarbon (HC) exploration, energy experts said...

Oil prices hover close to 2019 highs

Oil prices hover close to 2019 highs

-- 2019-03-19 21:39:18

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC, reports Reuters. US sanctions against oil producers Iran and Venezuela are also boosting prices, althou...

Halda Valley brings first flush tea in Bangladesh

Halda Valley brings first flush tea in Bangladesh

-- 2019-03-19 20:31:04

Halda Valley has launched flush flush teas for the tea enthusiasts in Bangladesh. Two types of first flush teas – Dragonwell green tea and Silver Needle green tea will be available in the local...

Nvidia, Cognata to partner on self-driving simulations

Nvidia, Cognata to partner on self-driving simulations

-- 2019-03-19 18:22:41

Israel-based Cognata, a developer of simulation platforms for self-driving cars, said on Tuesday it was partnering with US chip supplier Nvidia Corp to speed up testing and validation for autonomous d...

2,811 cars registered in Jan-Feb

2,811 cars registered in Jan-Feb

FE Online Report 2019-03-19 14:32:54

About 2,811 cars were registered in Dhaka city in January and February 2019, according to statistics provided by Bangladesh Road Transport Authority (BRTA). A total of 18,227 cars were registered in...

ESCAP, iBAN partner to strengthen inclusive businesses in SE Asia

ESCAP, iBAN partner to strengthen inclusive businesses in SE Asia

FE Online Desk 2019-03-19 13:59:35

The Inclusive Business Action Network (iBAN) and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) announced a joint initiative today to help governments to enhance th...

BRAC Bank organises programme on BB refinance scheme for SMEs

BRAC Bank organises programme on BB refinance scheme for SMEs

FE Online Desk 2019-03-19 13:14:21

BRAC Bank Limited and Bangladesh Bank jointly organized a “View Exchange Program on Small and Medium Sized Enterprise Development Program 2 (SMEDP2)”.     BRAC Bank is one...

National Life Ins bags 'best stall award'

National Life Ins bags 'best stall award'

FE Online Desk 2019-03-19 13:06:26

National Life Insurance bagged the 'best stall award' in the recently held 'insurance fair' in Chittagong. Mayor of Chittagong City Corporation AJM Nasir handed over the award to the chief executive o...

BD imports Shajna from India

BD imports Shajna from India

FE Online Desk 2019-03-19 12:59:35

Bangladesh has started importing drumstick, a vegetable locally known as Shajna, from India considering its quite good demand and price across the country. The import is being made through the Hili L...

Hyundai, Kia to invest big in India's Ola

Hyundai, Kia to invest big in India's Ola

-- 2019-03-19 12:38:59

South Korean automakers Hyundai Motor and Kia Motors will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms. The move f...

StanChart launches first-ever global running event along the Belt and Road

StanChart launches first-ever global running event along the Belt and Road

FE Online Desk 2019-03-19 12:24:08

The Bangladesh leg of the Standard Chartered Belt and Road Relay was held recently. The Relay is the first-ever global running event spanning the Belt and Road Initiative, with the aim of highlighting...

ASA pays Tk 12.2m in VAT amid evasion allegation

ASA pays Tk 12.2m in VAT amid evasion allegation

FE Report 2019-03-19 10:49:28

ASA, a non-government organisation (NGO), has paid an amount of Tk 12.2 million in value added tax (VAT) on Monday, following a demand notice of the VAT authority, said a statement of Dhaka West VAT...

Huawei leads Asian domination of UN patent applications in 2018

Huawei leads Asian domination of UN patent applications in 2018

-- 2019-03-19 10:44:28

Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said...

BD's apparel export to US sees 6.65pc growth in 2018

BD's apparel export to US sees 6.65pc growth in 2018

Monira Munni 2019-03-19 10:34:49

Bangladesh's apparel exports to the United States grew by 6.65 per cent to US$ 5.40 billion in 2018 compared to that of 2017. The country fetched $ 5.06 billion in 2017, according to data from Offi...

'Banks to follow simple interest calculation from next FY'

'Banks to follow simple interest calculation from next FY'

FE Report 2019-03-19 09:09:16

Finance Minister A H M Mustafa Kamal said the government would encourage banks to offer simple interest loans instead of compound interest ones from the next financial year (FY). "Simple interest cal...

‘Decision on increasing train fares not taken yet’

‘Decision on increasing train fares not taken yet’

FE Online Report 2019-03-18 18:32:15

Any decision regarding the increase of train fares is yet to be taken, said Railway Minister Nurul Islam Sujon on Monday. The minister said it to journalists at the contract signing ceremony between...

1.56m tonnes of food grain stocks at public warehouses

1.56m tonnes of food grain stocks at public warehouses

FE Online Report 2019-03-18 17:31:31

Stocks of food grain at public warehouses are more than 1.56 million tonnes as of March 13 this year. The Ministry of Food revealed the data recently. Of the total stock, rice and wheat are over 1.4...

China simplifies rules to facilitate cross-border capital flows

China simplifies rules to facilitate cross-border capital flows

-- 2019-03-18 17:23:17

China’s foreign exchange regulator on Monday published rules aimed at facilitating cross-border capital flows for multinational corporations operating in the country. The rules simplify the reg...

Int'l food & agro expo kicks off March 27

Int'l food & agro expo kicks off March 27

FE Online Report 2019-03-18 14:49:24

The fourth edition of 'Food & Agro Bangladesh International Expo 2019' will begin in the capital city on March 27 aiming to highlight the rapid development in the industry and display latest techn...

SIBL inks MoU with Padma Islami Life Ins

SIBL inks MoU with Padma Islami Life Ins

FE Online Desk 2019-03-18 14:05:07

Social Islami Bank Limited signed a Memorandum of Understanding with Padma Islami Life Insurance Ltd regarding life insurance facilities for the clients as well as the employees of the Bank. In this...

Defining innovation…delivering success!

Defining innovation…delivering success!

FE Online Desk 2019-03-18 13:42:03

  From the very beginning of his life, the word ‘innovation’ resonated in the mind of Hitoishi Chakma. As a Bangladeshi he always wanted to do something for his community and for Ban...

Online registration process to attend BASIS Soft Expo

Online registration process to attend BASIS Soft Expo

FE Online Desk 2019-03-18 13:04:55

The 15th edition of BASIS SoftExpo 2019, the largest exhibition of country’s Information and communication Technology(ICT) sector, is going to be held from 19th March with the slogan ‘Tech...

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

-- 2019-03-18 12:59:23

Malaysian prosecutors on Monday said they would issue summonses to units of US investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed agains...

Boeing finalising software upgrade for 737 Max

Boeing finalising software upgrade for 737 Max

Reuters 2019-03-18 12:33:28

Boeing said on Sunday (local time) it was finalising the development of a software upgrade and a revision of pilot training for its 737 MAX, the plane that has suffered two fatal crashes in the last...

Oil slips on economic slowdown, but OPEC-led cuts still support

Oil slips on economic slowdown, but OPEC-led cuts still support

-- 2019-03-18 12:15:01

Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and US sanctions aga...

Govt considers uniform duty on salt imports

Govt considers uniform duty on salt imports

-- 2019-03-18 11:03:43

The government is considering imposing a uniform duty both for salt millers and importers to remove the discriminatory treatment in the sector. To this effect, industries ministry at a meeting disc...

Bhutan to get trade transit sans bank guarantee

Bhutan to get trade transit sans bank guarantee

Syful Islam 2019-03-18 10:58:43

Bangladesh has agreed to grant transit facility to Bhutan for carrying goods through its territory by furnishing customs guarantee instead of a bank guarantee. Trade officials have said the decisio...

BDT continues to deflate against USD

BDT continues to deflate against USD

Siddique Islam 2019-03-18 10:43:18

The local currency is continuously maintaining a depreciating mode against the US dollar (US$), although the central bank is directly selling the greenback to the banks to keep the market stable. T...

Poor progress in French projects

Poor progress in French projects

Munima Sultana 2019-03-18 10:15:36

A portfolio meeting on the projects funded by French development partner has found unsatisfactory progress in road and water sector work. The tenure of some projects of the Agence Francaise de Develo...