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The Financial Express

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All banks to inform BB of transactions daily at close

All banks to inform BB of transactions daily at close

SIDDIQUE ISLAM 2021-08-13 09:33:38

Bangladesh tightens financial management requiring all scheduled banks to inform a central monitoring authority of entire money-market transactions at the day's close. Officials said the latest direc...

Dhaka may strike a $1.12b funding deal with China soon for elevated expressway

Dhaka may strike a $1.12b funding deal with China soon for elevated expressway

MUNIMA SULTANA 2021-08-13 09:27:09

Negotiations with China to finance full cost of Dhaka-Ashulia elevated expressway are likely to be capped with a US$1.12-billion agreement anytime soon, officials said. Leaving aside the vehicle-purc...

Govt's crucial support helped RMG industry make a turnaround, says BGMEA chief 

Govt's crucial support helped RMG industry make a turnaround, says BGMEA chief 

UNB 2021-08-12 20:35:06

President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan has thanked the government for providing crucial support to the RMG industry during the difficult tim...

Govt to cut import duty on rice

Govt to cut import duty on rice

FE Online Report 2021-08-12 19:07:29

The government has decided to cut import duty on rice in a bid to rein in prices of the staple in the local market. Following the instruction of the Prime Minister, the National Board of Revenue...

Supporting the vulnerable: Canada announces CAD 45 million to join BRAC in strategic partnership

Supporting the vulnerable: Canada announces CAD 45 million to join BRAC in strategic partnership

FE ONLINE DESK 2021-08-12 15:40:40

Canada’s International Development Minister Karina Gould has announced CAD 45 million, over the next five years, to support increasing services to Bangladesh’s most vulnerable populations,...

BTMA urges makers not to raise yarn prices

BTMA urges makers not to raise yarn prices

FE REPORT 2021-08-12 10:09:45

The Bangladesh Textile Mills Association (BTMA) advised its export-oriented yarn makers on Wednesday not to increase further the yarn prices, quoted in the latest proforma invoices (PI) on August 10...

Bangladesh smells systematic campaign against it

Bangladesh smells systematic campaign against it

MIR MOSTAFIZUR RAHAMAN 2021-08-12 10:03:17

Bangladesh believes international agencies appear to have run a systematic campaign against the country to tarnish its image abroad. The observation came in the wake of a recent UN query on 'forced d...

Bangladesh seventh largest importer of textiles globally

Bangladesh seventh largest importer of textiles globally

FE Online Report 2021-08-12 08:52:27

In the last year, Bangladesh became the seventh largest importer of textiles across the world, according to the World Trade Statistical Review 2021. Released by the World Trade Organization (WTO) in...

Digital Healthcare Solutions provides healthcare services to 150,000 RMG workers, slum dwellers

Digital Healthcare Solutions provides healthcare services to 150,000 RMG workers, slum dwellers

-- 2021-08-11 16:29:27

Digital Healthcare Solutions has partnered with USAID’s MaMoni Maternal and Newborn Care Strengthening Project: Emergency Response to COVID-19 Pandemic implemented by Save the Children in associ...

Chinese tech giant Xiaomi plans to claim global smartphone top spot

Chinese tech giant Xiaomi plans to claim global smartphone top spot

-- 2021-08-11 14:01:33

Chinese technology giant Xiaomi has said it plans to be the world's biggest smartphone maker within three years. The comments by the Beijing-based firm's boss come after it recently overtook Appl...

Committee soon to fix upper ceiling price for yarn

Committee soon to fix upper ceiling price for yarn

FE Online Report 2021-08-11 12:45:37

Apparel exporters and textile millers have decided to form a committee comprising representatives from both the textile and clothing sector to fix the upper ceiling price for yarn for the local market...

WTN Bangladesh chapter formed

WTN Bangladesh chapter formed

FE REPORT 2021-08-11 10:10:13

A 13-member Bangladesh chapter of the World Tourism Network (WTN) has been formed with HM Hakim Ali, owner of Hotel Agrabad Ltd., as its president. Mr Ali is also the president of Bangladesh Internat...

Import of scrapped ships surges

Import of scrapped ships surges

MONIRA MUNNI 2021-08-11 09:56:18

Bangladesh imported a total of 156 ships for dismantling during the first half of 2021, which is more than 110 per cent higher than that of the same period last year. As a result, the country regai...

Four firms lobbying Bangladesh  high-ups for long-term LNG supply deals

Four firms lobbying Bangladesh high-ups for long-term LNG supply deals

M AZIZUR RAHMAN 2021-08-11 08:39:39

Emirates' National Oil Company (ENOC), AOT Energy AG of Switzerland, US's Excelerate Energy, and local Summit Group are now lobbying with the government high-ups to bag long-term LNG supply deals wi...

Selection of lesser-known consultants partly blamed for problems in project execution

Selection of lesser-known consultants partly blamed for problems in project execution

MUNIMA SULTANA 2021-08-11 08:36:29

Lesser-known consultancy firms from abroad grab most jobs of conducting feasibility studies on infrastructure-projects, limiting scope for top-ranking local or global bidders. This practice, howeve...

Teletalk gets Tk 22.05b kiss of life

Teletalk gets Tk 22.05b kiss of life

FE REPORT 2021-08-11 08:32:05

The government injects Tk 22.05 billion from the exchequer into the losing-concern Teletalk to upgrade its struggling network to provide latest telecommunications services. Its network upgrade under...

Chittagong seaport congestion clears

Chittagong seaport congestion clears

FE REPORT 2021-08-11 08:18:02

Container vessels' waiting time for berthing at the country's largest port, Chittagong seaport, thins into zero days partly following some capacity augmentation in gearing up for a trade rebound. N...

BRAC moves to strengthen govt’s vaccination programme at Rohingya camps

BRAC moves to strengthen govt’s vaccination programme at Rohingya camps

-- 2021-08-10 20:34:45

The Humanitarian Crisis Management Programme (HCMP) of BRAC organised a vaccination campaign as part of its involvement with the government’s inoculation programme for Rohingya people. The camp...

Bangladesh starts importing green chilly from India

Bangladesh starts importing green chilly from India

-- 2021-08-10 18:36:08

Bangladesh has started importing green chilly from India to keep the supply and price of the item stable in the country. Shipments of green chilly are entering Bangladesh through Bhomra and Sona Masj...

Emirates shoots ad film on the tip of Burj Khalifa

Emirates shoots ad film on the tip of Burj Khalifa

FE ONLINE DESK 2021-08-10 14:05:54

The new Emirates advertisement features one of their cabin crew members in full uniform standing tall on the tip of the Burj Khalifa by Emaar at 828 metres above ground. She joins only a handful of in...

BGMEA urges Netflix to erase ‘derogatory’ dialogue from film

BGMEA urges Netflix to erase ‘derogatory’ dialogue from film

-- 2021-08-10 10:44:03

BGMEA chief Faruque Hassan has written to Netflix to complain to the streaming company about a film that it says contains “derogatory” comments about “Made in Bangladesh” cloth...

Chilli import process eased

Chilli import process eased

FE Report 2021-08-10 09:54:40

The government has eased green chilli import procedure to cool down its price and enhance supply - in the wake of the recent surge in prices of the key spice in the domestic market, said officials....

Prime rail corridor to uptake higher speed

Prime rail corridor to uptake higher speed

MUNIMA SULTANA 2021-08-10 09:18:24

Bangladesh's prime railway corridor on Dhaka-Chattogram route linking up to Cox's Bazar maritime frontier is being upgraded for enabling train movement at desired speeds and with increased traffic....

Confusion clouds transport capacities as Bangladesh reopens Wednesday

Confusion clouds transport capacities as Bangladesh reopens Wednesday

FE REPORT 2021-08-10 08:30:00

Confusion reigns supreme over transport-run capacities as the government allows half the country's transports to operate to full capacity when Bangladesh begins reopening tomorrow (Aug 11) from covid...

Transporters lose Tk 300b in pandemic, demand loan support

Transporters lose Tk 300b in pandemic, demand loan support

DOULOT AKTER MALA 2021-08-10 08:16:56

A long shadow is cast by the current global pandemic over Bangladesh's transport sector as operators say they have so far suffered losses to the tune of Tk 300 billion for suspension of long-haul mass...

Banks to return to normal working hours from Wednesday

Banks to return to normal working hours from Wednesday

-- 2021-08-09 20:09:24

The Bangladesh Bank has asked banks to return to normal working hours from Wednesday, maintaining social distancing measures and health guidelines amid the COVID-19 pandemic.  The central bank o...

Temporary waiver of TRIPS agreement must to vaccinate the world   

Temporary waiver of TRIPS agreement must to vaccinate the world  

FE ONLINE REPORT   2021-08-09 19:53:57

Four health experts along, with a Nobel Laureate and a politician, in an article argued for a temporary waiver of the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement to meet th...

HSBC named best international retail bank in Bangladesh

HSBC named best international retail bank in Bangladesh

-- 2021-08-09 16:15:54

HSBC Bangladesh has been awarded the 2021 Asian Banking and Finance Award for International Retail Bank of the Year in Bangladesh. According to a press release, the award recognises the strengths of...

Saudi oil giant Aramco sees nearly 300pc profit surge

Saudi oil giant Aramco sees nearly 300pc profit surge

-- 2021-08-09 12:04:11

Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers. The company added that the easing of Covid restrictions, vaccinat...

Food grains import jumps by 60pc in FY21

Food grains import jumps by 60pc in FY21

FE ONLINE REPORT 2021-08-09 10:14:03

Import of food grains in the last fiscal year (FY21) increased by 60.32 per cent in terms of payments. Statistics recorded by customs and compiled by the central bank showed that import payments for...