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The Financial Express

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Walton begins exporting washing machines to India

Walton begins exporting washing machines to India

FE ONLINE DESK 2020-11-13 15:57:32

Walton has begun exporting its ‘Made in Bangladesh’-tagged washing machines to India, according to the Bangladeshi electronics giant. The inauguration ceremony, to this effect, took place...

Commoners suffer as rice, oil, pulse prices rise

Commoners suffer as rice, oil, pulse prices rise

FE REPORT 2020-11-13 10:24:06

Staple rice, edible oil, sugar and pulses witnessed fresh hikes last week augmenting woes of the consumers, especially the commoners who had already dug deep into their pockets to meet as increased li...

Covid second wave fear dampens import orders

Covid second wave fear dampens import orders

SIDDIQUE ISLAM 2020-11-13 09:59:51

Bangladesh's import orders dropped by nearly 14 per cent in October as apparel exporters scaled back purchase of textiles products, amid the second wave of coronavirus in America and Europe. Opening...

Daraz sells products worth Tk 85m within  first 15 minutes of 11.11 campaign

Daraz sells products worth Tk 85m within first 15 minutes of 11.11 campaign

-- 2020-11-12 21:08:50

Daraz Bangladesh, a concern of Alibaba Group, and a leading e-commerce marketplace in the country is celebrating the Daraz 11.11 Sale for the third time with a huge success. It broke last year's reco...

Group of 165 Google critics calls for swift EU antitrust action

Group of 165 Google critics calls for swift EU antitrust action

Reuters 2020-11-12 20:39:44

A group of 165 companies and industry bodies have called on EU antitrust enforcers to take a tougher line against Google, saying the US tech giant unfairly favours its own services on its web searches...

Women entrepreneurs assured of support to boost export

Women entrepreneurs assured of support to boost export

-- 2020-11-12 20:18:28

Foreign Minister Dr AK Abdul Momen has assured women entrepreneurs of providing the required support to create more avenues for exporting their products in the global market. He said the Ministry of...

MoU signed between LankaBangla, Miniso   

MoU signed between LankaBangla, Miniso  

-- 2020-11-12 18:37:26

LankaBangla Finance Limited (LBFL) recently signed a Memorandum of Understanding (MoU) with Miniso Bangladesh Limited for its customer privilege. Md. Minhaz Uddin, Head of Cards of LBF and Shah Rayee...

Gazipur City Corp, Nagad ink utility bill payment deal

Gazipur City Corp, Nagad ink utility bill payment deal

FE Online Desk 2020-11-12 12:23:54

Payment of various utility bills of Gazipur City Corporation (GCC) can now be paid through Nagad, a financial service arm of Bangladesh Postal Department. The dwellers of Gazipur city will enjoy this...

Top adviser backs taxing foreign health spending

Top adviser backs taxing foreign health spending

FE REPORT 2020-11-12 10:51:48

Economic affairs adviser to the Prime Minister Dr Masihur Rahman on Wednesday said health spending by Bangladeshi nationals abroad should be taxed to develop the country's healthcare facilities. "Had...

Bangladeshi companies to meet 100 Japanese entities

Bangladeshi companies to meet 100 Japanese entities

FE DESK 2020-11-12 10:25:39

A business matching meeting began online on Wednesday (November 11) between 24 Bangladeshi companies and interested Japanese investors which will end on November 30. "It is expected that the Banglade...

Crocodile clothing collection now available on Evaly

Crocodile clothing collection now available on Evaly

-- 2020-11-11 20:50:17

Crocodile, a Singapore-based lifestyle brand, and country’s leading e-commerce marketplace evaly.com.bd signed a memorandum of understanding (MoU) in the capital on Wednesday. Under the agreeme...

Bangladesh among 47 LDCs to enjoy tariff-free exports  to UK

Bangladesh among 47 LDCs to enjoy tariff-free exports to UK

-- 2020-11-11 16:45:32

The United Kingdom (UK) said imports from 47 of the world’s least developed countries, including Bangladesh, will not face any tariffs – supporting their economic development through busin...

Daraz hosting the world's biggest sale 11.11

Daraz hosting the world's biggest sale 11.11

FE Online Desk 2020-11-11 14:09:36

Daraz Bangladesh, a concern of China-based Alibaba Group, is holding what is called the world’s biggest online sale 11.11 (Eleven Eleven) on Wednesday. Daraz (daraz.com.bd), which is Bangladesh...

Bangladeshi banks’ disclosure rules changed

Bangladeshi banks’ disclosure rules changed

FE REPORT 2020-11-11 10:48:59

The central bank has amended its instruction, allowing banks to provide their market disclosures within seven working days of finalising the annual audited financial statements, instead of March or Se...

Sales of warm clothes increase as winter almost arrives

Sales of warm clothes increase as winter almost arrives

FE REPORT 2020-11-11 10:39:41

As the mercury has started falling at the advent of winter, winter cloth trade has gathered momentum in Dhaka city's dress markets. Talking to wholesalers on Monday, the FE found retailers, mostly fr...

Move to prevent rawhide price debacle

Move to prevent rawhide price debacle

FE Report 2020-11-11 10:23:58

The government plans to take up a project in a bid to prevent price debacle with improving the preserving process of rawhide (salted/non-salted) of cows, goats and buffaloes, sources said. The decisi...

30 treasury bonds selected for benchmarking

30 treasury bonds selected for benchmarking

JASIM UDDIN HAROON 2020-11-11 10:04:24

The Bangladesh Bank (BB) has selected 30 treasury bonds for benchmarking as part of its latest move to develop a secondary market for the government securities. It took the ones, which are frequently...

Biman to launch Sylhet-Cox’s Bazar flight from Thursday

Biman to launch Sylhet-Cox’s Bazar flight from Thursday

-- 2020-11-10 21:29:13

Biman Bangladesh Airlines is set to start direct flights on Sylhet-Cox's Bazar route from Thursday (November 12). The flight will leave Sylhet for Cox's Bazar at 11:45 AM every Tuesday and at 11...

International accredited lab, processing centre to be set up at Purbachal   

International accredited lab, processing centre to be set up at Purbachal  

FE Online Report 2020-11-10 20:39:44

Agriculture Minister Dr Muhammad Abdur Razzaque Sunday said an international accredited laboratory and agro processing centre will be set up at Purbachal area in the capital to accelerate exports and...

European Union charges Amazon with damaging retail competition

European Union charges Amazon with damaging retail competition

-- 2020-11-10 20:29:32

The European Union has charged Amazon with damaging retail competition, accusing the US company of using its size, power and data to give it an unfair advantage over smaller merchants that sell on its...

Pizza Hut introduces pizzas with plant-based meat in US, UK

Pizza Hut introduces pizzas with plant-based meat in US, UK

-- 2020-11-10 20:15:18

Pizza Hut on Tuesday launched two pizzas with plant-based meat maker Beyond Meat's sausage in the United States and the United Kingdom for a limited time, taking advantage of the consumer craze for pl...

Oil gains as vaccine hopes outweigh lockdown impact

Oil gains as vaccine hopes outweigh lockdown impact

Reuters 2020-11-10 19:42:48

Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus. Brent crude LCOc1 future...

Huawei to sell its Honor smartphone unit for $15b to Shenzhen government

Huawei to sell its Honor smartphone unit for $15b to Shenzhen government

-- 2020-11-10 19:40:40

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenz...

Bangladesh halts bid to import spot LNG

Bangladesh halts bid to import spot LNG

M AZIZUR RAHMAN 2020-11-10 10:16:00

Bangladesh has cancelled tenders to import LNG (liquefied natural gas) from spot market in December as evaluators found too 'expensive' the bidding for two 138,000-cubic metre LNG cargoes. Rupantarit...

ADB finds low education, skill level major challenge for Bangladeshi workforce

ADB finds low education, skill level major challenge for Bangladeshi workforce

FE Report 2020-11-10 10:11:25

The low-level education and skill of the majority of the workforce in Bangladesh remains a major constraint on the labout productivity and it poses a challenge to achieving the high economic growth, a...

Customs rules allow reuse of containers by EPZ factories

Customs rules allow reuse of containers by EPZ factories

Doulot Akter Mala 2020-11-10 09:50:45

The National Board of Revenue (NBR) has allowed repurposed use of containers for the export-oriented industries located within the export processing zones. With the relaxation of customs rules, expor...

Bangladesh market sees edible oil price rise

Bangladesh market sees edible oil price rise

FE Report 2020-11-10 09:45:28

The prices of edible oils have witnessed yet another hike during the current week across the country, as a litre of bottled soybean oil is now being sold at Tk 115-120 at the retail level. Both loose...

Land transfer tax halved in Dhaka, Chattogram

Land transfer tax halved in Dhaka, Chattogram

FE REPORT 2020-11-10 09:44:46

The government has halved the tax for transferring immovable property by the companies located in city corporation areas of Dhaka and Chattogram. The property transfer tax has been cut to 1.0 per cen...

Businessman gets 500pc cash  voucher buying Walton refrigerator   

Businessman gets 500pc cash voucher buying Walton refrigerator  

-- 2020-11-09 22:14:22

Adnan Niaz, a businessman in Faridpur, received a cash voucher worth 500 per cent of the price of Walton fridge he had purchased under the local brand’s nationwide ongoing ‘Digital Campaig...

Commerce ministry urges trade bodies to ensure use of masks

Commerce ministry urges trade bodies to ensure use of masks

FE Online Report 2020-11-09 17:26:16

Ministry of Commerce on Monday urged the country's trade bodies to ensure use of face masks to stem the second wave of Covid-19. Citing a circular of the Directorate General of Health Services, the m...