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The Financial Express

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Rice prices on rise in harvest season

Rice prices on rise in harvest season

Yasir Wardad 2020-11-18 09:37:46

Rice prices are showing a rising trend despite the beginning of Aman harvest in full swing across the country. Aman is the second-largest source of the major staple after Boro. Prices of seasonal co...

Sales of Walton TV, home appliances go up in Q1 of FY21

Sales of Walton TV, home appliances go up in Q1 of FY21

-- 2020-11-17 20:23:04

Country’s electronics giant Walton Hi-Tech Industries Limited registered a 13.24 per cent growth in its television, electrical and home appliances sales of the July- September quarter of the cur...

JABIAN Business Network celebrates its third anniversary

JABIAN Business Network celebrates its third anniversary

FE Online Report 2020-11-17 19:29:04

The JABIAN Business Network (JBN), a platform of businesses of former and current students of Jahangirnagar University, celebrated its third-anniversary on Monday. The ceremony was held at a city hot...

Emirates tops global ranking in safe travel

Emirates tops global ranking in safe travel

FE Online Desk 2020-11-17 14:46:30

Emirates has been rated the safest airline in the world in its response to the Covid-19 Pandemic, according to the Safe Travel Barometer. The airline, which has set industry-leading safety standards...

Premier Bank gets new DMD and CFO

Premier Bank gets new DMD and CFO

FE ONLINE DESK 2020-11-17 14:30:43

Sayed Abul Hashem has recently been appointed as Deputy Managing Director (DMD) and Chief Financial Officer (CFO) of The Premier Bank Limited. Prior to joining Premier Bank, he was the Group Chief Fi...

Indian workers supplying global brands lament 'routine exploitation'

Indian workers supplying global brands lament 'routine exploitation'

FE ONLINE DESK 2020-11-17 13:29:02

Indian workers in factories supplying the supermarket chains Marks and Spencer, Tesco and Sainsbury's, and the fashion brand Ralph Lauren are being subjected to exploitative conditions, the BBC report...

Private firm's proposal to export 5,000 tonnes of hilsa pending with govt

Private firm's proposal to export 5,000 tonnes of hilsa pending with govt

FE REPORT 2020-11-17 11:02:47

A private firm has requested the government to allow export of 5,000 tonnes of hilsa to different countries in Asia, Middle East, and Europe on the occasion of the birth centenary of Bangabandhu Sheik...

Construction of deep-sea port at Matarbari formally begins

Construction of deep-sea port at Matarbari formally begins

Nazimuddin Shyamol 2020-11-17 10:48:13

CHATTOGRAM: Work on the deep-sea port at Matarbari in Cox's Bazar formally started on Monday. "The foreign consultancy company for the dream project held a meeting with us today and started the wor...

Small traders to benefit from easier digital payment

Small traders to benefit from easier digital payment

FE REPORT 2020-11-17 10:09:26

The central bank has allowed banks, mobile financial and payment service providers to open personal retail accounts of micro merchants to help them get digital payment against their sales of goods a...

10,000 Bangladesh workers may secure Brunei jobs next year

10,000 Bangladesh workers may secure Brunei jobs next year

ARAFAT ARA | November 17, 2020 00:00:00 2020-11-17 09:44:44

Bangladeshi workers are likely to get an opportunity to go to Brunei with jobs next year, as the country will start a new project that will create scopes of employment for many foreign workers, offici...

Webinar on Logistics held

Webinar on Logistics held

FE Online Desk 2020-11-16 20:45:30

A webinar titled Logistics in the Time of Covid-19, organised by GIM Digital Truck, was held recently. eJogajog Limited Managing Director Alamgir Alvi and Chief Operating Officer of online marketpl...

Bangladeshi families bear over 90pc of health costs for elderly people out of pockets

Bangladeshi families bear over 90pc of health costs for elderly people out of pockets

SAJIBUR RAHMAN 2020-11-16 11:27:12

Bangladesh's households bear some 93 per cent of the total cost of illness for senior citizens as out-of-pocket payment, highest in South Asia, a new study finds. The study, conducted by Bangladesh I...

RCEP deal to boost foreign investment across the region: UNCTAD

RCEP deal to boost foreign investment across the region: UNCTAD

FE ONLINE REPORT 2020-11-16 09:56:22

China-led Regional Comprehensive Economic Partnership (RCEP) agreement is likely to boost foreign direct investment (FDI) in the Asia-Oceania region during the ongoing Covid-19 pandemic. United Natio...

VAT refund for businesses made easier

VAT refund for businesses made easier

FE REPORT 2020-11-16 09:54:21

Businesses will be able to obtain VAT refund through purchasing raw materials on credit from now on. The National Board of Revenue (NBR) issued a clarification on November 11 by allowing the long-a...

Robi's giant IPO hits market  Tuesday

Robi's giant IPO hits market  Tuesday

JASIM UDDIN HAROON & BABUL BARMAN 2020-11-16 09:35:41

Robi, the country's second-largest mobile phone operator, is set to launch the initial public offering (IPO) tomorrow (Tuesday). The IPO, being the largest one, will dwarf the one floated by its main...

Construction of eight LNG power plants underway

Construction of eight LNG power plants underway

-- 2020-11-15 18:50:49

Constructions of eight Liquefied Natural Gas (LNG) power plants, with a combined generation capacity of 3,471 megawatts (MW), are underway. “The under construction gas/LNG based power plants ha...

India’s rice bran oil imports from Bangladesh set to double in 2020-21

India’s rice bran oil imports from Bangladesh set to double in 2020-21

The Economic Times 2020-11-15 18:35:10

India’s rice bran oil imports from Bangladesh are set to double in 2020-21. The imports of such oil from Bangladesh have already hit 60,000 tonnes during the April-October period compared with...

Metrocem Cement holds annual sales conference

Metrocem Cement holds annual sales conference

-- 2020-11-15 16:54:29

Metrocem Cement Limited arranged "Team Magnificent: Annual Sales Conference 2020" at Emmanuelle's Banquet Hall in the city on Saturday. The motto of the programme was "Let's Make Magic Happen". Md S...

Experts stress need for ADR to resolve LC-related int’l trade disputes

Experts stress need for ADR to resolve LC-related int’l trade disputes

FE ONLINE REPORT 2020-11-15 14:02:04

Experts at a virtual webinar have underlined the need for Alternative Dispute Resolution (ADR) to resolve LC-related international trade disputes. They stressed specifically on the issues and challen...

Backed by China, Asia forms world’s biggest trade bloc excluding US

Backed by China, Asia forms world’s biggest trade bloc excluding US

REUTERS 2020-11-15 12:17:32

Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under Presi...

Inter-ministerial body to recommend measures to address price spiralling

Inter-ministerial body to recommend measures to address price spiralling

FE REPORT 2020-11-15 10:46:34

The government has formed an inter-ministerial committee, which will recommend the government ways of averting possible price volatility of essential commodities, officials say. Commerce and Agricult...

Fish price hike increases commoners' woes

Fish price hike increases commoners' woes

FE REPORT 2020-11-15 10:36:03

Fish prices increased further last week despite the end of a three-week-long ban on fishing in major sanctuaries in the country earlier this month. The government's 22-day fishing ban in major rivers...

Travel restrictions lead to almost 90pc plunge in tax from tourists

Travel restrictions lead to almost 90pc plunge in tax from tourists

DOULOT AKTER MALA 2020-11-15 10:12:31

Travel tax collections slumped by 89.41 per cent in the first quarter of the current fiscal year because of the coronavirus-induced travel restrictions imposed by most countries around the globe. The...

India lobbying for allowing its companies in Bangladesh bidding

India lobbying for allowing its companies in Bangladesh bidding

REZAUL KARIM 2020-11-15 09:39:07

India has again pressed Bangladesh for allowing its companies to participate in international tenders floated by the government of Bangladesh, officials said. "The High Commission of India, Dhaka has...

Emphasis on simplified VAT system for better SME business regime

Emphasis on simplified VAT system for better SME business regime

-- 2020-11-14 19:19:49

Speakers at a workshop on Saturday called for simplifying value-added tax (VAT) for the sake of a better business regime for Small and Medium Enterprises (SMEs). The Dhaka Chamber of Commerce & I...

Switzerland to ban deducting bribes from taxes starting in 2022

Switzerland to ban deducting bribes from taxes starting in 2022

-- 2020-11-14 16:37:35

Swiss companies will no longer be able to deduct bribes paid to private individuals from their taxes, Switzerland’s government has said, according to an update of tax laws due to take effect on...

Western Union says suspending US money transfers to Cuba in 10 days

Western Union says suspending US money transfers to Cuba in 10 days

-- 2020-11-14 14:59:27

Western Union said on Friday it was suspending US money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans w...

Maize production in Bangladesh rises sharply in last decade

Maize production in Bangladesh rises sharply in last decade

FE ONLINE REPORT 2020-11-14 11:44:36

Bangladesh’s maize production reached 5.4 million metric tonnes showing a sharp rise in the last one decade.   However, the annual demand for maize still stands at 6.5 million to 7.0...

Industries outside economic zones won't be given new gas connections after March

Industries outside economic zones won't be given new gas connections after March

M AZIZUR RAHMAN 2020-11-14 10:50:26

The government will not provide new piped natural gas connections to industries to be located outside the country's designated economic zones, or EZs, after March 2021. The Energy and Mineral Resourc...

China urges Bangladesh to revive jute modernisation project

China urges Bangladesh to revive jute modernisation project

MIR MOSTAFIZUR RAHAMAN 2020-11-14 10:48:15

China has requested Bangladesh to reconsider its decision on putting off the jute sector modernisation project, which was supposed to be implemented with Chinese funds. But the government has shut...