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The Financial Express

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India's Zee Entertainment announces merger with Sony India

India's Zee Entertainment announces merger with Sony India

-- 2021-09-22 11:56:10

India's media and entertainment giant Zee Entertainment Enterprises Ltd said on Wednesday its board has given in-principle approval for its merger with Sony Pictures Networks India (SPNI). Zee, which...

Diplomatic bonded warehouse facility automated

Diplomatic bonded warehouse facility automated

DOULOT AKTER MALA 2021-09-22 08:43:14

The National Board of Revenue (NBR) has brought diplomatic bonded warehouse (DBW) facility under automated system in a bid to ensure speedy services to the diplomats and check abuse of the duty-free...

Imports cut rice, paddy prices in milling hubs

Imports cut rice, paddy prices in milling hubs

YASIR WARDAD 2021-09-22 08:36:18

Prices of both rice and paddy declined moderately by Tk 3.0-4.0 a kg in last three days in the milling-hubs, which traders attributed to a notable rise in supply of imported grain. Release of a lar...

Goods transport owners, workers enforce strike

Goods transport owners, workers enforce strike

FE Report 2021-09-22 08:30:44

The goods transport owners and workers’ association enforced a 72-hour countrywide strike from Tuesday morning to press for implementation of their 15-point demand, badly disrupting delivery o...

Competition commission to sue e-commerce firms giving unusual offers

Competition commission to sue e-commerce firms giving unusual offers

-- 2021-09-21 23:01:30

Bangladesh Competition Commission (BCC) would file cases against e-commerce firms if they announce irrational discount offers apparently to cheat the consumers. BCC Chairman Md Mofizul Islam disclose...

Apparel exporters express anxiety over three-day transport strike

Apparel exporters express anxiety over three-day transport strike

-- 2021-09-21 21:52:23

Apparel exporters have expressed anxiety over a three-day strike called by the Bangladesh Covered Van- Truck- Prime Mover Goods Transport Owners Association and Bangladesh Truck Drivers, Workers Feder...

SBAC Bank chairman resigns

SBAC Bank chairman resigns

FE ONLINE REPORT  2021-09-21 16:14:03

SM Amzad Hossain has tendered his resignation from the post of chairman of South Bengal Agriculture and Commerce Bank (SBAC) Limited on health grounds. Mr. Hossain submitted his resignation letter to...

IFC partners with ‘Truck Lagbe’ to improve supply chains

IFC partners with ‘Truck Lagbe’ to improve supply chains

FE REPORT 2021-09-21 10:14:12

The International Finance Corporation (IFC) is going to invest US$ 2.5 million in ‘Truck Lagbe’, a digital trucking platform, in a bid to connect people and corporate customers with truck...

External review unearths deeper rot in World Bank 'Doing Business' rankings

External review unearths deeper rot in World Bank 'Doing Business' rankings

-- 2021-09-21 08:54:31

Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries...

ADB to give $250m loan for Bangladesh CMSMEs

ADB to give $250m loan for Bangladesh CMSMEs

FHM HUAMAYN KABIR 2021-09-21 08:27:58

The Asian Development Bank (ADB) would provide US$ 250 million policy-based loan to Bangladesh for facilitating economic recovery of the CMSMEs amid the Covid-19 pandemic, officials said on Monday....

Bangladesh Taka falls against US dollar, commodities turn costlier

Bangladesh Taka falls against US dollar, commodities turn costlier

SIDDIQUE ISLAM 2021-09-21 08:24:31

Bangladesh Taka (BDT) has depreciated by 50 poisha against the US dollar during the past one month, making imports costlier and heating up the commodity market. Economists and businesses said depreci...

US-Bangladesh FTA deal hardly likely, as compliance issues crop up

US-Bangladesh FTA deal hardly likely, as compliance issues crop up

SYFUL ISLAM 2021-09-21 08:22:22

Diplomats and trade officials see a bleak possibility of striking a free-trade area (FTA) agreement between Bangladesh and the United States as political and compliance issues may stand as deterrents....

Higher taxes are coming with implications for markets

Higher taxes are coming with implications for markets

-- 2021-09-20 22:14:45

Taxes in the world's wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps close the wealth g...

NRBs' engagement can shape Bangladesh's development, says BGMEA chief

NRBs' engagement can shape Bangladesh's development, says BGMEA chief

-- 2021-09-20 19:51:22

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said engagement of non-resident Bangladeshis (NRBs) can play a crucial role in shaping the financial, so...

Microsoft pays Tk 32.3m as VAT for first time in Bangladesh

Microsoft pays Tk 32.3m as VAT for first time in Bangladesh

-- 2021-09-20 19:28:24

Microsoft Corporation, an American multinational technology corporation, has paid over Tk 32.3 million as VAT for the first time as a non-resident company in Bangladesh.  After taking its Busine...

Tipu Munshi seeks Russia’s cooperation to export products directly

Tipu Munshi seeks Russia’s cooperation to export products directly

FE ONLINE REPORT 2021-09-20 19:03:46

Terming Russia as one of the closest friends of Bangladesh, Commerce Minister Tipu Munshi has sought cooperation to export its products directly to the Russian market. Describing that Bangladesh has...

2080 tonnes ilish to be exported to India this year

2080 tonnes ilish to be exported to India this year

FE ONLINE REPORT  2021-09-20 17:32:29

The government has allowed the export of the highest 2080 tonnes of ilish (Hilsa) to neighbouring India ahead of Durga Puja, the biggest religious festival of the Hindu community. The commerce minist...

US opens investigation into 30m vehicles over air bag inflators

US opens investigation into 30m vehicles over air bag inflators

-- 2021-09-20 13:17:32

US auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Re...

Private firm seeks permission for buffalo import

Private firm seeks permission for buffalo import

FE REPORT 2021-09-20 10:44:27

A private export-import firm has sought government permission to import 0.1 million buffaloes and goats with an eye to meet domestic demand for meat and go for re-export with enhanced production of...

Court asks consumers to shun greed amid e-commerce scams

Court asks consumers to shun greed amid e-commerce scams

FE REPORT 2021-09-20 10:31:29

The High Court on Sunday asked the consumers to control their greed to save themselves from the fraudulent business of the e-commerce entities. It also asked the concerned bodies to campaign in the pu...

Vegetable exports may rebound this fiscal year

Vegetable exports may rebound this fiscal year

Yasir Wardad 2021-09-20 10:31:11

Despite a sharp decline last fiscal year, exports of vegetables may bounce back this fiscal year, said exporters. Businesses have achieved more than 100 per cent growth in shipments of vegetables in...

Tariff commission starts study on Bangladesh's inclusion in RCEP

Tariff commission starts study on Bangladesh's inclusion in RCEP

FE REPORT 2021-09-20 10:24:20

A state-body has started conducting an in-depth feasibility study on possible impact and challenges of proposed inclusion of Bangladesh in the Regional Comprehensive Economic Partnership (RCEP), off...

Bangladesh authorities do a swift somersault over LNG import

Bangladesh authorities do a swift somersault over LNG import

M AZIZUR RAHMAN 2021-09-20 09:57:19

The government has reversed its decision to discard import of expensive LNG from spot market within a month following a surge in demand for the fuel in industries and power plants. The Energy and Min...

US trade official called India's Mastercard ban 'draconian'

US trade official called India's Mastercard ban 'draconian'

-- 2021-09-20 09:12:55

A senior US trade official privately criticised India's July decision to ban Mastercard Inc (MA.N) from issuing new cards, calling it a "draconian" move that caused "panic", according to US government...

EBL opens its relocated Khulshi branch in Chattogram

EBL opens its relocated Khulshi branch in Chattogram

FE ONLINE DESK 2021-09-19 20:40:25

Eastern Bank Ltd (EBL) Director Zara Namreen formally inaugurated the relocated Khulshi branch in Chattogram on Sunday, according to a press release. EBL Director Mufakkharul Islam Khasru, Managing D...

India's Mastercard ban caused frustration within US officials

India's Mastercard ban caused frustration within US officials

-- 2021-09-19 18:38:39

A senior US trade official privately criticised India's July decision to ban Mastercard Inc from issuing new cards, calling it a "draconian" move that caused "panic", according to US government emails...

'Quad' countries poised to agree on secure microchip supply chains

'Quad' countries poised to agree on secure microchip supply chains

-- 2021-09-19 09:41:34

Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, the Nikkei business daily said on...

Bangladesh eyes SOFR as LIBOR goes dead in January

Bangladesh eyes SOFR as LIBOR goes dead in January

FHM HUMAYAN KABIR 2021-09-19 09:35:01

The government is working out transition, prospect and risk of SOFR-based borrowing as the incumbent LIBOR-based lending will be discontinued from January 2022. Finance ministry has asked the economi...

E-commerce sector lacks accountability: Stakeholders

E-commerce sector lacks accountability: Stakeholders

FE REPORT 2021-09-19 08:55:36

Despite huge expansion of the country's e-commerce sector in recent times, the sector still lacks accountability due to the absence of a proper legal framework, said speakers at a programme on Saturda...

Bangladesh seeks duty-free access for 137 products to Saudi Arabia

Bangladesh seeks duty-free access for 137 products to Saudi Arabia

-- 2021-09-18 22:40:55

Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman has urged Saudi Arabia to give duty-free access to some 137 Bangladeshi products to the Saudi Arabian market. Salman, w...