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Apple may unveil new iPhones at  Sept 14 event

Apple may unveil new iPhones at Sept 14 event

-- 2021-09-08 10:10:29

Apple said on Tuesday it would hold a special event on September 14, which most industry watchers believe will be used to unveil a new line of its flagship iPhones. Since 2013, Apple has deliver...

Couriers seek to be part of service industry

Couriers seek to be part of service industry

FE REPORT 2021-09-08 08:38:25

Courier-service providers want recognition as a service industry with the intent to boost their contribution to trade and economy, according to officials concerned. The Courier Services Association...

Nagad helps customers save Tk 10.07b in service charges a year

Nagad helps customers save Tk 10.07b in service charges a year

FE REPORT 2021-09-08 08:28:29

Customers of Nagad have saved and earned more than Tk 10 billion in the past 11 months in various service charges, compared to the amounts charged by other mobile financial service (MFS) operators....

German brand KiK supports Bangladesh to vaccinate RMG workers

German brand KiK supports Bangladesh to vaccinate RMG workers

-- 2021-09-07 23:14:22

Renowned German brand KiK has made a donation to purchase COVID-19 vaccines for garment workers in Bangladesh. The donation was made through BGMEA which will be forwarded to the Ministry of Health an...

El Salvador becomes first country to adopt bitcoin as official currency

El Salvador becomes first country to adopt bitcoin as official currency

-- 2021-09-07 18:10:03

El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which...

ShopUp raises $75m to become the 'best-funded' start-up in Bangladesh

ShopUp raises $75m to become the 'best-funded' start-up in Bangladesh

FE ONLINE DESK 2021-09-07 14:35:17

ShopUp, Bangladesh’s largest full-stack B2B commerce platform, announced today it has raised US$75 million in a series B funding round led by Peter Thiel’s Valar Ventures. The round also...

Jamuna Group decides not to invest in Evaly

Jamuna Group decides not to invest in Evaly

FE ONLINE DESK 2021-09-07 10:26:55

Jamuna Group, one of the leading industrial conglomerates in the country, has decided not to invest in Evaly, a beleaguered e-commerce platform. Mohammed Alamgir Alam, director, marketing, sales and...

Banks can't open TCSAs under Nagad without central bank nod

Banks can't open TCSAs under Nagad without central bank nod

FE REPORT 2021-09-07 10:26:49

Banks are not allowed to open trust cum settlement accounts (TCSAs) under Nagad Limited unless it gets approval from the postal department and the central bank, the Bangladesh Bank (BB) said in a l...

Matarbari 1,200-MW plant work going on in full swing

Matarbari 1,200-MW plant work going on in full swing

M AZIZUR RAHMAN 2021-09-07 08:44:26

Construction work of the Matarbari 1,200-megawatts (MW) ultra super critical coal-fired power plant at Maheshkhali Upazilla under Cox's Bazar is going on in full swing to commence electricity genera...

Bangladesh Railway act back to drawing board after 133 years

Bangladesh Railway act back to drawing board after 133 years

MUNIMA SULTANA 2021-09-07 08:35:29

A law for the Bangladesh Railway (BR) is being amended 133 years after it was enacted in 1890. The BR has drafted the 'Bangladesh Railway Amendment Act' with the aid of the Infrastructure Investmen...

Bangladesh's first three one-man companies get going

Bangladesh's first three one-man companies get going

JASIM UDDIN HAROON 2021-09-07 08:22:30

Bangladesh's company registrar has approved first three 'one-person company (OPC)' firms under a new business-ownership model that is expected to lure investments from home and abroad. Business pro...

Bangladesh Trade and Investment Summit to be held on Oct 26-Nov 1   

Bangladesh Trade and Investment Summit to be held on Oct 26-Nov 1  

FE ONLINE REPORT   2021-09-06 19:03:36

Dhaka Chamber of Commerce and Industry (DCCI) will host a weeklong international investment summit virtually next month to deepen Bangladesh’s collaboration with investors from six continents....

UCEP Bangladesh celebrates Mujib Borsho, 50 years of independence

UCEP Bangladesh celebrates Mujib Borsho, 50 years of independence

FE ONLINE DESK 2021-09-06 15:07:43

UCEP Bangladesh has organised a special event titled ‘Mujib Shoto Borsho and 50 Years of Bangladesh: Celebrating UCEP Legacy’ at its head office in Dhaka. Planning Minister M. A. Mannan j...

Multidimensional seismic survey in Bay hasn't started years after maritime boundary delimitation

Multidimensional seismic survey in Bay hasn't started years after maritime boundary delimitation

FE ONLINE DESK 2021-09-06 13:35:12

Bangladesh has not still started a multidimensional seismic survey required to gather primary data on potential hydrocarbon resources in the Bay though such an initiative was taken up seven years ago....

European banks still booking profits in tax havens: Report

European banks still booking profits in tax havens: Report

-- 2021-09-06 12:59:02

Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory s...

Reforms to help clear case backlogs in South Asia

Reforms to help clear case backlogs in South Asia

FE REPORT 2021-09-06 10:39:06

Governments in South Asian countries need to reform their judicial systems in order to clear their respective case backlogs, if they want to help their economies flourish by attracting more foreign di...

Saudi Arabia lowers light crude prices to Asia

Saudi Arabia lowers light crude prices to Asia

-- 2021-09-06 10:28:30

Saudi Arabia, the world's top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady. The...

Iraq, Total sign $27b energy projects deal

Iraq, Total sign $27b energy projects deal

-- 2021-09-06 10:15:56

France's Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country's oil minister said. The company will start with an initia...

Bitcoin rises back above $50,000

Bitcoin rises back above $50,000

-- 2021-09-06 10:04:02

Bitcoin rose 0.49 per cent to $50,188.4 at 1004 GMT on Sunday, adding $245.24 to its previous close. The world's biggest and best-known cryptocurrency is up 81 per cent from this year's low of $27,73...

Carmakers could face chip shortage into 2023: Daimler CEO

Carmakers could face chip shortage into 2023: Daimler CEO

-- 2021-09-06 10:00:01

Soaring demand for semiconductors means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler's CEO s...

Evaly owes more than Tk 2.058b to merchants

Evaly owes more than Tk 2.058b to merchants

FE REPORT 2021-09-06 09:50:41

The e-commerce platform Evaly owes over Tk 2.058 billion to its merchants until July 15, according to the company. The platform informed it in a submission to the Ministry of Commerce (MoC) recentl...

Central bank relaxes regulations for state-owned commercial banks

Central bank relaxes regulations for state-owned commercial banks

FE REPORT 2021-09-06 09:34:37

The central bank has relaxed regulations for the state-owned commercial banks (SoCBs) to participate in green transformation fund (GTF), officials said. Under the relaxation, the banks are now allo...

Yousup Faruqu to lead Microsoft Bangladesh

Yousup Faruqu to lead Microsoft Bangladesh

-- 2021-09-05 15:50:35

Microsoft has appointed Md Yousup Faruqu as managing director of the tech giant's Bangladesh operations. In his new role, Mr Faruqu will focus on accelerating digital transformation for public and pr...

Govt keeps maximum retail prices of edible oil unchanged

Govt keeps maximum retail prices of edible oil unchanged

FE ONLINE REPORT 2021-09-05 15:35:43

The government has decided to keep the maximum retail prices (MRP) of edible oil the same as fixed in May last this year. The commerce ministry announced this in a press release on Sunday. The price...

Refiners to reopen petrochemical plants

Refiners to reopen petrochemical plants

M AZIZUR RAHMAN 2021-09-05 08:21:05

Currently-shut private petrochemical and refinery plants might be allowed to resume operations, concentrating on diesel output, amid a demand-side fine change of fortune, sources said. One precondi...

Bangladesh’s first electronic payment processing platform introduced by Citibank, MetLife   

Bangladesh’s first electronic payment processing platform introduced by Citibank, MetLife  

FE ONLINE DESK   2021-09-04 16:38:38

Citibank, NA Bangladesh and MetLife Bangladesh have joined hands to introduce the country’s first-ever receivable host-to-host (H2H) solution using Bangladesh Bank’s EFT Debit (Electronic...

'Modern tech’ is panacea for country's sugar output deficiency

'Modern tech’ is panacea for country's sugar output deficiency

FE REPORT 2021-09-04 09:55:31

The country has 1.4 million tonnes of sugar deficit which can be minimised through adopting modern sugar production methods, speakers said at a workshop on Friday. They said modern production techn...

Group insurance for all industrial units being planned

Group insurance for all industrial units being planned

SYFUL ISLAM 2021-09-04 09:52:31

The regulator seeks cooperation from ministers concerned in implementing mandatory group insurance in all industrial units pursuant upon the Bangladesh Labour Law, as the issue comes to the fore follo...

Sangu offshore gas platform abandoned seven years ago...

Sangu offshore gas platform abandoned seven years ago...

M AZIZUR RAHMAN 2021-09-04 09:48:24

The country's maiden offshore natural gas platform Sangu has remained abandoned over the past seven years, posing a threat of permanent damage to the facility worth millions of dollars. Petrobangla...

Privately-run schools bearing brunt of Covid

Privately-run schools bearing brunt of Covid

ARAFAT ARA 2021-09-04 09:38:33

Shahnaz Aktar used to work at a kindergarten school in the Mohammadpur area of Dhaka. She used to earn Tk 10,000 a month - enough to meet education expenses of her two sisters. However, due to pro...