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The Financial Express

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Prices of daily essentials yet to go down  

Prices of daily essentials yet to go down  

FE ONLINE REPORT 2021-11-06 15:07:03

Prices of almost all daily essentials, including vegetables and onion, are yet to see a downtrend, especially in the capital’s kitchen markets today (Saturday), adding woes to the fixed-income g...

Folia Water wins The Sankalp Global Award 2021

Folia Water wins The Sankalp Global Award 2021

FE Online Desk 2021-11-06 14:14:53

Folia Water from Bangladesh has won the Sankalp Global Award 2021 in the ‘Health and Wash’ category for bringing innovation to the mass consumer goods market, according to an announcement....

Jamuna Bank signs agreement with Felicity IDC

Jamuna Bank signs agreement with Felicity IDC

FE ONLINE DESK 2021-11-06 13:13:01

Jamuna Bank Limited on Thursday signed an agreement with Felicity IDC. Under the agreement, the bank will host its entire Disaster Recovery Site and Infrastructure with Felicity IDC at their Internat...

Jute ministry rejects proposal on export project plan

Jute ministry rejects proposal on export project plan

REZAUL KARIM 2021-11-06 09:27:24

Textiles and jute ministry has turned down a commerce ministry proposal for a project plan to expand the export of jute and jute goods, officials said. "Any scope to take a project for enhancing the...

Chattogram WASA hikes water price

Chattogram WASA hikes water price

OUR CORRESPONDENT, CHATTOGRAM 2021-11-06 09:24:50

Chattogram Water Supply and Sewerage Authority (WASA) has hiked the price of water by 5.0 per cent with effect from January next year. In the 64th board meeting held on Thursday, the authority took t...

Govt says continuous loss pushed up diesel prices

Govt says continuous loss pushed up diesel prices

-- 2021-11-06 08:57:11

The government has defended the steep rise in the diesel price, saying its hands were tied after incurring a loss of Tk 114.76 billion in the past five months due to a hike in global prices, bdnews24....

Bangladesh to back all health-related submissions for WTO seal

Bangladesh to back all health-related submissions for WTO seal

SYFUL ISLAM 2021-11-06 08:39:12

Bangladesh has decided to support all health-related submissions at the World Trade Organisation (WTO) provided technology transfer to least-developed countries (LDCs) is incorporated. Following the...

Vegetable prices rise further amid tranport strike

Vegetable prices rise further amid tranport strike

FE REPORT 2021-11-06 08:31:13

Prices of vegetables increased further last week, hitting hard the limited-income consumers already affected by skyrocketing prices of commodities. However, the latest indefinite strike, called on...

Bangladesh Petroleum Corporation to borrow $250m more for fuel imports 

Bangladesh Petroleum Corporation to borrow $250m more for fuel imports 

FHM HUMAYAN KABIR 2021-11-06 08:29:08

Though cash-rich for charging higher retail petroleum prices, Bangladesh Petroleum Corporation (BPC) seeks to borrow US$250 million in another tranche of costly credits from the International Islamic...

'BERC can't fix fuel prices'

'BERC can't fix fuel prices'

FE REPORT 2021-11-05 10:32:32

The Bangladesh Energy Regulatory Commission (BERC) has the authority to fix power and energy prices - including those of diesel and kerosene - under the existing BERC Act 2003, BERC Chairman Md Abdul...

Tk 58.83b digital connectivity project passes China evaluation

Tk 58.83b digital connectivity project passes China evaluation

MIR MOSTAFIZUR RAHAMAN 2021-11-05 10:04:38

A digital connectivity project worth Tk 58.83 billion (5,883 crore) is set to roll out as the revised version of the project has recently passed the supplementary evaluation of the Chinese government....

Bangladesh may get 2.0pc stake in NDB

Bangladesh may get 2.0pc stake in NDB

FHM HUMAYAN KABIR 2021-11-05 09:25:48

Bangladesh is expected to get around 2.0 per cent voting right in the Shanghai-based New Development Bank (NDB) as it has recently been selected as the sixth shareholding member, officials said here o...

Apparel export to suffer, industry leaders say of fuel price-hike impact

Apparel export to suffer, industry leaders say of fuel price-hike impact

FE REPORT 2021-11-05 08:54:08

The latest fuel price hike will push up the overall cost of doing business, thus affecting the competitiveness of the local textile and apparel industry in the global market. According to market op...

Irrigation, ploughing costs shoot overnight following fuel price rise

Irrigation, ploughing costs shoot overnight following fuel price rise

YASIR WARDAD 2021-11-05 08:28:24

The latest diesel price hike has already started hitting the farmers hard as the irrigation and ploughing charges increased overnight during this peak winter cropping season. Market experts have ex...

Govt approves import of 90,000 tonnes of fertilisers

Govt approves import of 90,000 tonnes of fertilisers

-- 2021-11-04 20:21:41

The cabinet committee on public purchase at a meeting has approved six proposals, three of them from Bangladesh Chemical Industries Corporation (BCIC) to purchase 90,000 tonnes of fertilisers. Financ...

Govt to import 1.6m tonnes of crude oil

Govt to import 1.6m tonnes of crude oil

-- 2021-11-04 19:31:12

The government will import 1.6 million tonnes of crude oil and 5.85 million metric tonnes of refined oil to meet the growing demand of the country. The Cabinet Committee on Economic Affairs (CCEA) ha...

World food prices hit new 10-year high in October: FAO

World food prices hit new 10-year high in October: FAO

-- 2021-11-04 18:43:52

World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday, reports Reuters....

LPG price goes up again  

LPG price goes up again  

-- 2021-11-04 17:29:56

The price of private operators’ liquified petroleum gas (LPG) has been raised to Tk 1,313 per 12-kg container from Tk 1259 with effect from Thursday (Nov 4) at the retail level. Bangladesh Ener...

UCEP making outstanding contribution in creating skilled human resources: Speaker

UCEP making outstanding contribution in creating skilled human resources: Speaker

FE ONLINE DESK 2021-11-04 15:20:15

Lauding UCEP Bangladesh for its outstanding contribution to the expansion of technical education since 1972, the speaker of National Parliament, Dr Shirin Sharmin Chaudhury on Wednesday hoped that the...

India cuts fuel taxes ahead of festive season

India cuts fuel taxes ahead of festive season

-- 2021-11-04 14:44:09

The Indian government on Wednesday reduced taxes on petrol and diesel in a bid to improve consumer sentiment, as Asia's third-largest economy recovers from the shocks of severe lockdowns to control th...

IFC ties up with Allianz, HKMA to create $3b fund

IFC ties up with Allianz, HKMA to create $3b fund

FE Report 2021-11-04 10:44:04

The International Finance Corporation (IFC) announced on Wednesday that it would partner two institutional investors - Allianz Global Investors, and Hong Kong Monetary Authority (HKMA) - to create a n...

Taxpayers to get rebate on Sukuk

Taxpayers to get rebate on Sukuk

DOULOT AKTER MALA 2021-11-04 09:33:35

The tax authority has moved to offer an investment rebate facility to the individual investors of Shariah-based Islamic bond-like instrument Sukuk. Once the tax rebate is allowed, individual taxpayer...

Timely implementation, capacity use of larger power plants restricted by major rivers

Timely implementation, capacity use of larger power plants restricted by major rivers

M AZIZUR RAHMAN 2021-11-04 09:13:02

Delays in building the transmission lines over major rivers have surfaced as a major bottleneck blocking timely implementation and full-capacity electricity generation from large power plants across B...

Diesel, kerosene  prices go up

Diesel, kerosene prices go up

FE REPORT 2021-11-03 22:46:50

The government has raised prices of diesel and kerosene by Tk 15 per litre with effect from Thursday, said an official circular. With the increase, a litre of both diesel and kerosene will be sold at...

19 industrial units to get President's Industrial Development Award

19 industrial units to get President's Industrial Development Award

-- 2021-11-03 19:55:32

Nineteen industrial units under six categories will receive 'President's Industrial Development Award-2019' on Thursday for their outstanding contribution to the national economy. President Md Abdul...

AmCham inaugurates 'COVID-19 Support Initiative for Healthcare'

AmCham inaugurates 'COVID-19 Support Initiative for Healthcare'

-- 2021-11-03 17:53:16

The American Chamber of Commerce (AmCham) inaugurated the ‘AmCham COVID-19 Support Initiative (Phase-2) for Healthcare’ virtually on Tuesday (yesterday). Earl R. Miller, US ambassador to...

Bank account details of 23 e-commerce platforms sought

Bank account details of 23 e-commerce platforms sought

FE ONLINE DESK 2021-11-03 17:05:53

The Bangladesh Financial Intelligence Unit (BFIU), a concern of Bangladesh Bank, has sought account details of 23 online platforms, including Daraz and Priyo Shops. It also sought similar information...

TCB launches OMS today

TCB launches OMS today

FE REPORT 2021-11-03 10:36:18

Consumers will have to count Tk 10 more for each litre of soybean oil under the government's open market sale (OMS) programme. The Trading Corporation of Bangladesh (TCB) is set to launch OMS of key...

Zhang Yiming, founder of ByteDance, steps down as chairman

Zhang Yiming, founder of ByteDance, steps down as chairman

-- 2021-11-03 10:31:58

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told R...

Tk 1.18b project to install prepaid gas meters in Sylhet

Tk 1.18b project to install prepaid gas meters in Sylhet

OUR CORRESPONDENT, SYLHET 2021-11-03 09:50:29

State-run Jalalabad Gas Transmission & Distribution Company Limited (JGTDCL) has taken up a programme to set up 50,000 prepaid meters for domestic users in Sylhet city and neighbouring areas in...