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The Financial Express

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China coal price soars to new record after flooding

China coal price soars to new record after flooding

-- 2021-10-12 12:25:03

The price of coal used in China's power plants has surged to a new record high as another of the country's key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the co...

JPMorgan's Dimon blasts bitcoin as 'worthless'

JPMorgan's Dimon blasts bitcoin as 'worthless'

-- 2021-10-12 11:59:03

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "wo...

Samsung’s Lee to stand trial for alleged unlawful use of sedative

Samsung’s Lee to stand trial for alleged unlawful use of sedative

-- 2021-10-12 10:11:53

Samsung conglomerate leader Jay Y. Lee is set to stand trial on Tuesday charged with the unlawful use of a controlled substance, as legal woes continue to haunt the executive even after his release on...

API manufacturers to enjoy tax break until 2032

API manufacturers to enjoy tax break until 2032

Doulot Akter Mala 2021-10-12 09:48:20

The Active Pharmaceuticals Ingredients (API) manufacturers will enjoy tax exemption until 2032 with retrospective effect since 2016. The National Board of Revenue (NBR) issued a Statutory Regulatory...

Global energy dearth upsets Bangladesh's import plan

Global energy dearth upsets Bangladesh's import plan

M AZIZUR RAHMAN 2021-10-12 08:57:28

Global energy supply dearth upsets Bangladesh's switch to LNG purchase from spot market as the government opted for a pause until December after three cargoes costing record-high prices. Officials sa...

Graft, weak infra, policy inconsistency may thwart investment, slow down recovery

Graft, weak infra, policy inconsistency may thwart investment, slow down recovery

FE REPORT 2021-10-12 08:53:34

Bangladesh's elite trade-body MCCI diagnoses underdeveloped infrastructure, policy inconsistency and corruption as cardinal causes of investment getting stymied, and fears slowdown in economic recover...

SFIL, BB signed agreement

SFIL, BB signed agreement

FE ONLINE DESK 2021-10-11 22:18:04

Strategic Finance & Investments Limited (SFIL) has signed a participation agreement with Bangladesh Bank (BB) under the refinance scheme for Green Products &Technology Developments of Export O...

Salim Osman becomes BKMEA president for sixth term in a row

Salim Osman becomes BKMEA president for sixth term in a row

FE ONLINE REPORT 2021-10-11 19:56:20

AKM Salim Osman has become president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) for the term of 2021-23, the sixth term in a row. Mohammad Hatem and Mansoor Ahmed were...

Crude oil prices jump, adding to global energy crunch

Crude oil prices jump, adding to global energy crunch

-- 2021-10-11 18:02:17

Oil prices increased more than $2 on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude wa...

Have enough onion stock; nothing to worry about, says Tipu Munshi

Have enough onion stock; nothing to worry about, says Tipu Munshi

-- 2021-10-11 17:50:52

Commerce Minister Tipu Munshi has said there is adequate stock of onion in the country and there is no reason to panic over it. “The supply of onions is normal as we’ve some 0.50 million...

Latest price surge adds to middle, lower income families’ woes

Latest price surge adds to middle, lower income families’ woes

FE ONLINE REPORT 2021-10-11 15:42:46

Almost everyone from lower to middle-income brackets is bearing the brunt of spiraling prices of essential goods in the Bangladesh markets, according to stakeholders. They are having to count additio...

Secondary trading of treasury bills and bonds jumps in Q1

Secondary trading of treasury bills and bonds jumps in Q1

FE ONLINE REPORT 2021-10-11 11:42:55

Transactions of the government’s treasury bills and bonds in the secondary market jumped significantly in the first quarter (July-September) of the current fiscal year (FY22). Bangladesh Bank s...

India's Reliance swoops on solar capacity

India's Reliance swoops on solar capacity

-- 2021-10-11 09:54:37

Indian conglomerate Reliance Industries Ltd on Sunday announced two deals to buy solar capacity, as the owner of the world's biggest refining complex seeks to become net carbon zero by 2035 and m...

Bangladesh's maiden online seed bank sets sail

Bangladesh's maiden online seed bank sets sail

OUR CORRESPONDENT 2021-10-11 09:19:36

CUMILLA: Online seed bank, first such in Bangladesh, begins its journey from Cumilla with the objective of showcasing and marketing various quality crop seeds. Tarique Mahmudul Islan, a DAE official,...

BGMEA for installing more scanners at Dhaka airport

BGMEA for installing more scanners at Dhaka airport

FE REPORT 2021-10-11 09:15:30

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to take immediate steps to repair the inoperative explosive-detection systems (EDS) at Hazrat Shahjalal Inte...

Role of businesses in Bangladesh's economic development appreciated

Role of businesses in Bangladesh's economic development appreciated

FE REPORT 2021-10-11 09:14:18

Entrepreneurs are frequently thought of as national assets to be cultivated, motivated and remunerated to the greatest possible extent, says a latest ICCB news bulletin while singing the praise of pio...

Price spiral moves government to mend market volatility

Price spiral moves government to mend market volatility

FE REPORT 2021-10-11 09:09:04

A general rise in commodity prices--especially onion tasting hottest --now moves the government to action to tame the market by augmenting supplies and strict monitoring. Officials say in the wake...

BB rejects Padma Bank's merger with any state-owned bank

BB rejects Padma Bank's merger with any state-owned bank

FE REPORT 2021-10-11 09:03:47

Disapproving of a plea for merger of the problem-ridden Padma Bank with any state-owned bank as a remedy, the regulator rather prescribes its capital replenishment by bringing in funds from abroad. O...

E-com platforms get show-cause notices for abnormal offers

E-com platforms get show-cause notices for abnormal offers

FE REPORT 2021-10-11 08:58:55

The government has served show-cause notices on four e-commerce platforms, asking their explanations as to why they were 'creating instability' in the virtual market by announcing abnormal offers. Th...

Bangladeshi LPG users to count extra 21.87pc

Bangladeshi LPG users to count extra 21.87pc

FE REPORT 2021-10-11 08:52:17

The Bangladesh Energy Regulatory Commission (BERC) has increased the retail prices of LPG (liquefied petroleum gas) by around 21.87 per cent for trading in domestic market in October. The hike will o...

BGMEA urges govt to immediately fix EDS at HSIA   

BGMEA urges govt to immediately fix EDS at HSIA  

FE ONLINE REPORT   2021-10-10 21:11:14

Bangladesh  Garment  Manufacturers and  Exporters  Association  (BGMEA)  on Sunday urged the government to take immediate steps to fix the inoperative explosive detection...

British industry bosses warn of factory closures facing fuel price hike

British industry bosses warn of factory closures facing fuel price hike

-- 2021-10-10 20:53:25

Britain's most energy-intensive manufacturers, including producers of steel, glass, ceramics and paper, have warned the government that unless something is done about soaring wholesale gas prices they...

LPG price increases by 22pc in Bangladesh

LPG price increases by 22pc in Bangladesh

-- 2021-10-10 17:49:20

The government has increased the price of liquified petroleum gas (LPG) again at the request of private distributors and due to an increase in the price on the international market. The price per kg...

Bangladesh's emerging automotive industry may attract Japanese investments: DCCI President

Bangladesh's emerging automotive industry may attract Japanese investments: DCCI President

-- 2021-10-10 17:33:29

Dhaka Chamber of Commerce and Industry President Rizwan Rahman has said the automotive industry in Bangladesh could be an emerging investment destination for Japanese entrepreneurs. Rizwan Rahman cam...

Four e-commerce platforms get show-cause notice

Four e-commerce platforms get show-cause notice

FE ONLINE REPORT 2021-10-10 16:40:43

The government has served a show-cause notice on four e-commerce platforms seeking their explanations on 'creating instability' in the e-commerce sector by announcing abnormal offers. The Ministry of...

Bangladesh Bank rejects Padma Bank’s merger plea

Bangladesh Bank rejects Padma Bank’s merger plea

-- 2021-10-10 15:25:27

Bangladesh Bank has rejected a proposal to bail out Padma Bank, a lender riddled with scams and irregularities, and advised it to seek investment from abroad. Finance Minister AHM Mustafa Kamal had p...

Prices of beans, bitter gourds, brinjals, radishes go up

Prices of beans, bitter gourds, brinjals, radishes go up

SAJIBUR RAHMAN 2021-10-10 13:05:11

Prices of some vegetables have witnessed a further hike in Dhaka's kitchen markets on Sunday compared with Saturday, adding woes to the consumers. The items that saw a hike of Tk 4 to Tk 10 per kg in...

Bangladesh likely to bear the brunt of global LNG price hike

Bangladesh likely to bear the brunt of global LNG price hike

FE ONLINE DESK 2021-10-10 11:24:50

Many countries around the world are facing an energy crisis with a 500 per cent surge in prices of liquefied natural gas within a year. That piled pressure on Bangladesh, one of the biggest LNG impo...

Poultry industry seeks policy support

Poultry industry seeks policy support

FE REPORT 2021-10-10 09:10:38

Poultry farmers put forward on Saturday a set of demands to the government that include incorporating the sector to the upcoming 'National Industrial Policy 2021' for the betterment of the sector....

RMG industry progress below elementary level of UN Guiding Principles

RMG industry progress below elementary level of UN Guiding Principles

FE REPORT 2021-10-10 08:48:06

Progress of the country's readymade garment (RMG) industry has remained below the elementary level of the United Nations Guiding Principles on Business and Human Rights (UNGPs). None of the eight sub...