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The Financial Express

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Canada to continue selling potassium fertiliser in Bangladesh, agriculture minister says

Canada to continue selling potassium fertiliser in Bangladesh, agriculture minister says

FE ONLINE REPORT 2023-02-09 17:58:39

Agriculture Minister Dr Md Abdur Razzaque said Canada would continue selling potassium fertiliser in Bangladesh. The minister also said due to the Russia-Ukraine war and blockade, there was extreme...

355th board meeting of Shahjalal Islami Bank held

355th board meeting of Shahjalal Islami Bank held

-- 2023-02-09 17:11:22

The 355th meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held on Wednesday at the Corporate Head Office of the Bank by maintaining proper hygiene and social distance....

Japan wants to invest in sugar industry, biomass power, prepaid gas meters

Japan wants to invest in sugar industry, biomass power, prepaid gas meters

FE Online Desk 2023-02-09 15:25:47

Japan wants to invest in several sectors of Bangladesh, including the sugar industry, biomass power generation, and prepaid gas meter industry. Governor of Japan Bank for International Cooperation (J...

Shop owners demand extension of business hours during Ramadan

Shop owners demand extension of business hours during Ramadan

-- 2023-02-09 15:12:26

Shop owners groups in Bangladesh are urging the government to extend their business hours during the upcoming Ramadan to lessen their losses, bdnews24.com reports. Traders are counting huge l...

Banking diploma made must for promotion

Banking diploma made must for promotion

FE REPORT 2023-02-09 14:54:47

Bangladesh Bank (BB) has made banking diploma mandatory for bankers to get promoted to senior officers and above in order to increase their skills and efficiency in banking activities. Issuing a circ...

Construction of Bay Terminal of Ctg port to start this year

Construction of Bay Terminal of Ctg port to start this year

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2023-02-09 13:41:18

The construction of the Bay Terminal of Chittagong seaport is likely to start this year. The Chittagong Port Authority (CPA) has sent the Draft Project Profile (DPP) to the ministry for approval. Aft...

MRT-6 to add two stoppages this month

MRT-6 to add two stoppages this month

MUNIMA SULTANA 2023-02-09 11:18:43

The MRT-6 is likely to add two more stoppages at Mirpur and Uttara this month, making a total of five out of nine stations between Agargaon and Uttara operational. The date of inauguration is yet to...

Cross-border e-com market: Thrust on tackling hurdles to grab huge potential

Cross-border e-com market: Thrust on tackling hurdles to grab huge potential

DOULOT AKTER MALA 2023-02-09 11:09:03

Multiple barriers in business operation compelled many of the cross-border e-commerce (CBEC) entrepreneurs to choose other countries as favourable investment destinations, said insiders. More than 50...

'BSC ships mainly to carry govt goods'

'BSC ships mainly to carry govt goods'

FE REPORT 2023-02-09 10:56:40

A new rule gives state ships near-exclusive right to carry government-funded cargo although the shipping organisation is equipped with only a small number of vessels, sources said. The Ministry of Sh...

LPG customers pay ‘Tk 27b extra per month’, consumer rights agency estimates

LPG customers pay ‘Tk 27b extra per month’, consumer rights agency estimates

FE Online Desk 2023-02-09 10:38:21

The government’s consumer rights agency believes traders are fleecing LPG consumers out of at least Tk 27 billion per month.  They are charging them much higher than the rates fixed...

BB lifts MFSP’s transaction limit; Bangla QR code by June

BB lifts MFSP’s transaction limit; Bangla QR code by June

-- 2023-02-08 22:08:15

From now on, customers can do transactions as many numbers as they want by using the ‘Bangla QR' code. The payment system department of Bangladesh Bank (BB) issued a circular in this regard on...

Banking diploma now mandatory to become senior officer in banks

Banking diploma now mandatory to become senior officer in banks

-- 2023-02-08 20:17:44

Bangladesh Bank has made a banking diploma mandatory for getting a promotion to a senior officer in banks. “One has to pass both phases of the banking diploma. This rule will be applicable to p...

LNG to be imported from spot market to meet demand in summer, PM tells JS

LNG to be imported from spot market to meet demand in summer, PM tells JS

-- 2023-02-08 19:01:55

Prime Minister Sheikh Hasina today told the Jatiya Sangsad (JS) that the process of importing LNG from spot market has already been started to meet the demand of gas for power generation during the on...

Asia to use half of world’s electricity by 2025

Asia to use half of world’s electricity by 2025

-- 2023-02-08 17:18:54

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast releas...

Tech firms, Wall Street titans lead job cuts in corporate America

Tech firms, Wall Street titans lead job cuts in corporate America

-- 2023-02-08 17:10:19

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Rapid interest rate hikes and...

IDCOL finances 3.23MWp rooftop solar project of Joules Power

IDCOL finances 3.23MWp rooftop solar project of Joules Power

FE Online Desk   2023-02-08 15:11:01

Joules Power Ltd has implemented a 3.23 MWp rooftop solar project at Rupganj, Narayanganj on the rooftop of Comptex Bangladesh Limited, a concern of Robintex Group. The Infrastructure Development C...

Volkswagen boosts earnings in 2022, high inventory drags down cash flow

Volkswagen boosts earnings in 2022, high inventory drags down cash flow

Reuters 2023-02-08 12:34:12

Volkswagen AG's earnings margin was at the upper end of its forecast for 2022 at 8.1 per cent, with sales and earnings above 2021 levels despite supply-chain turmoil dragging its net cash flow far bel...

BRAC Bank signs deal with BB to avail Refinance Scheme for shipbuilding industry

BRAC Bank signs deal with BB to avail Refinance Scheme for shipbuilding industry

FE ONLINE DESK 2023-02-08 12:15:15

BRAC Bank has signed a participation agreement with Bangladesh Bank (BB) to avail “Refinance Scheme for Ship Building Industry” in line with the government’s ‘Ship-Building Ind...

Bangladesh could buy 10-12 spot LNG cargoes in Feb-June

Bangladesh could buy 10-12 spot LNG cargoes in Feb-June

FE Online Desk 2023-02-08 11:35:22

Bangladesh will buy 10-12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decis...

Chickpea prices go up far ahead of Ramadan in Ctg wholesale market

Chickpea prices go up far ahead of Ramadan in Ctg wholesale market

NAZIMUDDIN SHYAMOL 2023-02-08 09:18:46

CHATTOGRAM: Prices of chickpeas keep on rising in the Chattogram wholesale market, increasing the prices of the widely consumed item in the retail market far ahead of Ramadan. The wholesalers at Khat...

Maksuda Begum promoted as BB executive director

Maksuda Begum promoted as BB executive director

FE REPORT 2023-02-08 09:16:38

Director of Banking Regulation and Policy Department (BRPD) of Bangladesh Bank (BB) Maksuda Begum has been promoted as executive director of the central bank. She will now be a dedicated executive di...

Up protein intake for food security, SDGs

Up protein intake for food security, SDGs

FHM Humayan Kabir from Dubai, UAE 2023-02-08 09:06:12

Speakers at a summit in Dubai on Tuesday stressed the need for boosting protein intake to ensure food security and achieve the SDGs in the countries like Bangladesh. They also focused on maintaining...

Aromatic rice price soars to record high

Aromatic rice price soars to record high

YASIR WARDAD 2023-02-08 08:36:05

The country's leading food sector companies raised local aromatic rice price to a record high, as maximum retail price (MRP) of Chinigura reached Tk 170 a kg in the capital this month, said grocers....

Order fall pushes RMG production down capacity

Order fall pushes RMG production down capacity

FE REPORT 2023-02-08 08:33:56

Apparel makers rue that they are receiving less work orders and running factories below the capacity, although export earnings grew on the back of cost-price hike and quality upgrade. Bangladesh Garm...

Fuel crisis created as refinery project rendered lame duck

Fuel crisis created as refinery project rendered lame duck

M AZIZUR RAHMAN 2023-02-08 08:31:35

A fresh construction bid is floated as Bangladesh pays dearly for expensive fuel import following a crisis allegedly created through rendering a new refinery project a lame duck. Sources have said th...

Standard Bank signs participation agreement with BB regarding EFPF

Standard Bank signs participation agreement with BB regarding EFPF

-- 2023-02-07 18:51:47

Standard Bank signed a participation agreement with Bangladesh Bank recently at the Jahangir Alam Conference Hall of Bangladesh Bank Head Office. The agreement was signed regarding Export Facilitatio...

Nine Bangladeshi garment manufacturers participating in Texworld/Apparel Sourcing Paris

Nine Bangladeshi garment manufacturers participating in Texworld/Apparel Sourcing Paris

FE ONLINE REPORT 2023-02-07 18:05:53

Nine local fabric and garment manufacturers are participating at the Texworld/Apparel Sourcing Paris to display their fashion products. The three-day show began on Monday at the Paris-Le-Bourget exhi...

Teletalk owes govt Tk 16.95b

Teletalk owes govt Tk 16.95b

-- 2023-02-07 17:56:51

Post and Telecommunications and Information Technology Minister Mustafa Jabbar on Tuesday told the parliament that state-owned mobile phone operator Teletalk Bangladesh Limited owes some Tk 16.95 bill...

Shahjalal Islami Bank provides agricultural investment to ethnic groups in Tangail

Shahjalal Islami Bank provides agricultural investment to ethnic groups in Tangail

-- 2023-02-07 17:47:38

Shahjalal Islami Bank Limited provided agricultural investment facilities of Tk 35 million at 4.0 per cent subsidised profit rate among small ethnic groups in Tangail  for the cultivation of puls...

First Security Islami Bank Limited Inaugurates 3 sub-branches

First Security Islami Bank Limited Inaugurates 3 sub-branches

FE ONLINE DESK 2023-02-07 14:41:06

First Security Islami Bank Ltd inaugurated 3 sub-branches on 07 February 2023 with a view to providing shariah based banking services to its clients.The sub-branches are-Aturar Depo Sub-branch at Baye...