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Fossil fuel consumption to shrink for first time in history

Fossil fuel consumption to shrink for first time in history

-- 2020-09-14 18:12:29

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand,...

Gulf’s fiscal recipe at deeper pain risks as oil price uncertainty lingers

Gulf’s fiscal recipe at deeper pain risks as oil price uncertainty lingers

REUTERS 2020-09-14 16:14:48

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is...

Amazon hiring 100,000 more workers to keep pace with online shopping surge

Amazon hiring 100,000 more workers to keep pace with online shopping surge

-- 2020-09-14 13:56:08

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - to keep pace with e-commerce demand that jumped during...

ADB gives Pran Dairy $10m loan in pandemic

ADB gives Pran Dairy $10m loan in pandemic

-- 2020-09-14 13:55:35

The Asian Development Bank and Pran Dairy Ltd, a member of one of the biggest food and agribusiness groups in Bangladesh, have signed a $10 million loan agreement to support dairy value chain during t...

Abandoning coal in power generation is right move: CPD

Abandoning coal in power generation is right move: CPD

FE ONLINE REPORT 2020-09-14 12:08:02

Appreciating the government’s step to abandon coal in power generation, a leading think-tank of the country termed it as ‘a right move.’ The Centre for Policy Dialogue (CPD), howeve...

ByteDance eyes partnership with Oracle after dropping Tiktok’s US sale

ByteDance eyes partnership with Oracle after dropping Tiktok’s US sale

REUTERS 2020-09-14 11:08:25

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people famil...

Motorbike business revives shaking off pandemic sloth

Motorbike business revives shaking off pandemic sloth

ADNAN HOSSAIN BHUIYAN 2020-09-14 10:06:23

Motorbike business in the country, after facing a setback following spread of the Covid-19 pandemic, has started picking up again since June due to resumption of normal traffic and other economic ac...

State rail operator fares badly

State rail operator fares badly

MUNIMA SULTANA 2020-09-14 10:01:20

With the highest budgetary allocation in the past five years, the Bangladesh Railway's (BR) performance has been recorded unsatisfactory as it failed to attain most of the targets. According to offic...

Govt fixes wages for leather sector

Govt fixes wages for leather sector

FE REPORT 2020-09-14 09:46:39

The government has fixed Tk 7,100 as minimum monthly wages for the workers of the country's leather goods and footwear sector. The ministry of labour and employment issued a gazette notification in t...

Bangladesh lacks platform to issue trade docs electronically

Bangladesh lacks platform to issue trade docs electronically

SYFUL ISLAM 2020-09-14 09:33:17

Bangladesh lacks required platform to issue documents electronically for facilitating trade under bilateral and regional treaties, frequently disrupting export of goods. Until now, most of the trade...

Power demand-supply mismatch: Master plan revision on the cards

Power demand-supply mismatch: Master plan revision on the cards

M AZIZUR RAHMAN 2020-09-14 09:19:52

The widening gap between the country's overall electricity generation capacity and demand has forced the government to revise the Power System Master Plan, or PSMP, two years after its adoption. A se...

Govt starts open market sales of onion across the country

Govt starts open market sales of onion across the country

FE Online Report 2020-09-13 20:10:50

The government started open market sales (OMS) of onion across the country from Sunday to keep prices of the vegetable within the reach of commoners. However, onion prices witnessed a further hike in...

HSBC, Serai, BGMEA talk about way forward for RMG sector

HSBC, Serai, BGMEA talk about way forward for RMG sector

-- 2020-09-13 16:55:02

The Hongkong and Shanghai Banking Corporation Limited (HSBC), Serai Limited and Bangladesh Garments Manufacturers and Exporters Association (BGMEA) joined hands together to discuss Bangladesh’s...

India plans to restrict copper, aluminium imports with an eye on China

India plans to restrict copper, aluminium imports with an eye on China

-- 2020-09-13 16:29:36

India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers, said two governmen...

SUV registration doubles in nearly a decade

SUV registration doubles in nearly a decade

FE Online Report 2020-09-13 15:48:38

The number of sport-utility vehicles (SUV) registration in the hard/soft category in the country has doubled in nearly a decade, thanks to people’s growing purchasing power as well as soaring ec...

Poll shows India’s August inflation above target range

Poll shows India’s August inflation above target range

REUTERS 2020-09-13 11:20:58

India’s retail inflation likely stayed above the Reserve Bank of India’s medium-term target range in August for the fifth straight month as supply disruptions kept food and fuel prices hig...

Workers' biometric database: Many BKMEA members missing

Workers' biometric database: Many BKMEA members missing

FE REPORT 2020-09-13 09:51:55

Many knitwear makers are yet to pay heed to their trade body's repeated call to introduce workers' biometric database since the move was taken five years back, sources said. Bangladesh Knitwear Man...

Pilot project launched to build 'zero waste community'

Pilot project launched to build 'zero waste community'

FE REPORT 2020-09-13 09:45:24

A pilot project has been launched to manage solid waste in the country aiming to build 'zero waste community'. A huge amount of waste remains uncollected in big cities, speakers said at a virtual eve...

A true leader is always simple and humble: Rubana Huq

A true leader is always simple and humble: Rubana Huq

FE REPORT 2020-09-13 09:35:23

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr. Rubana Huq Saturday said a true leader is always simple and humble. Speaking on leadership, the first ever female p...

Barapukuria coal mine: Production resumes on trial basis

Barapukuria coal mine: Production resumes on trial basis

M AZIZUR RAHMAN 2020-09-13 09:32:01

The production at the country's lone operational coal mine at Barapukuria in northern Dinajpur started on a trial basis in a new phase this week, following a cease in production for four months since...

Importers and exporters: Mandatory e-payment of customs duty, taxes from July next

Importers and exporters: Mandatory e-payment of customs duty, taxes from July next

FE REPORT 2020-09-13 09:24:03

The revenue board is set to make electronic payment of customs duty and other taxes above Tk 0.2 million mandatory for importers and exporters. All customs houses and stations would implement it from...

New Jersey-based Bayshore recalls two lots of Beximco drug

New Jersey-based Bayshore recalls two lots of Beximco drug

-- 2020-09-12 23:39:11

New Jersey-based Bayshore Pharmaceuticals has recalled two lots of the extended-release metformin tablets manufactured by Beximco Pharmaceuticals, after finding high levels of a probable carcinogen in...

Bangladesh market sees price-hike of onion, ginger, potato, lentil

Bangladesh market sees price-hike of onion, ginger, potato, lentil

FE REPORT 2020-09-12 09:58:56

Onion, ginger, potato and lentil prices increased further last week compounding sufferings of the consumers who had to dig deep into their pockets to meet rising expenditures triggered by price hike...

Agro-food units in EPZs losing competitiveness

Agro-food units in EPZs losing competitiveness

FE REPORT 2020-09-12 09:52:50

The agro-food processing and jute goods-producing industries inside export processing zones (EPZs) are losing traction in export competitiveness for not getting the existing cash incentive facility....

Ceramic industry takes a hit from pandemic

Ceramic industry takes a hit from pandemic

SAIF UDDIN 2020-09-12 09:25:14

The Covid-19 pandemic has dealt a severe blow to the country's ceramic goods manufacturing industry, which had been showing a remarkable prospect in the recent years. The industry is now struggling t...

Jute goods export: L/C to be made mandatory

Jute goods export: L/C to be made mandatory

FE REPORT 2020-09-12 09:25:05

The government is considering mandatory opening of irrevocable confirmed letter of credit (L/C) or advance recovery of proceeds against export of jute goods to avoid uncertainty over receiving payme...

Covid slows metro rail work

Covid slows metro rail work

FHM HUMAYAN KABIR 2020-09-12 09:19:47

The first metro rail construction work has slowed as the fallout of COVID-19, making it uncertain for the authorities to launch by December 2021, insiders say. The Dhaka Mass Transit Company Limited...

Jewellers increase gold prices again

Jewellers increase gold prices again

-- 2020-09-11 19:44:48

Jewellers in Bangladesh have scaled up gold prices again after reducing them twice following a rise to all-time high rates. Unlike most of the times, when gold prices were hiked in the local market f...

Govt fails to meet rice purchase target even by extended deadline

Govt fails to meet rice purchase target even by extended deadline

-- 2020-09-11 14:00:51

The government is falling behind its target in buying 2.1 million tonnes of Boro rice despite an extended deadline. Millers are refusing to sell rice to the government, breaching their contracts, as...

BPC to import 1.25m tonnes of petroleum products

BPC to import 1.25m tonnes of petroleum products

FE REPORT 2020-09-11 10:55:15

The Bangladesh Petroleum Corporation (BPC) will import an estimated 1.25 million tonnes of refined petroleum products from January to June 2021. The amount is up 18.39 per cent from the correspondi...