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Zoom to acquire cloud software provider Five9 in $15b deal

Zoom to acquire cloud software provider Five9 in $15b deal

Reuters 2021-07-19 10:41:10

Zoom Video Communications Inc has agreed to buy cloud software provider Five9 in an all-stock deal worth about $14.7 billion to target business clients looking to boost customer engagement, it said on...

Banking services around cattle mkts till 8 pm Monday, Tuesday

Banking services around cattle mkts till 8 pm Monday, Tuesday

FE REPORT 2021-07-19 10:18:38

Banks adjacent to cattle markets both in Dhaka North City Corporation and Dhaka South City Corporation will remain open till 8 pm today (Monday) and tomorrow (Tuesday). The Bangladesh Bank issued a...

Alesha Mart's discounts on products subsidised by own fund, says MD

Alesha Mart's discounts on products subsidised by own fund, says MD

FE REPORT 2021-07-19 10:11:30

E-commerce platform Alesha Mart gives discounts on products from the company's own fund as part of business strategy, said Chairman and Managing Director of Alesha Holding Md Monzur Alam Sikder. "S...

Chattogram export backlog worsens

Chattogram export backlog worsens

FE REPORT 2021-07-19 10:05:43

The existing export container backlog in 17 depots in Chattogram worsened again on Sunday, frustrating exporters. They, however, said rise in number of export cargoes was one of the key reasons behin...

E-commerce entities to register, get business identification number

E-commerce entities to register, get business identification number

FE REPORT 2021-07-19 08:50:59

All existing and upcoming e-commerce platforms have to register themselves with the Ministry of Commerce (MoC) for running their operation, Commerce Secretary Tapan Kanti Ghosh said on Sunday. Besi...

Non-resident companies face hurdles in VAT return submission

Non-resident companies face hurdles in VAT return submission

Doulot Akter Mala 2021-07-19 08:47:00

Several non-resident companies (NRCs) could not submit their VAT returns on time because of the complexities involving VAT law compliance, officials said. They said two global technology giants - G...

Cattle worth Tk 1.0b being sold at digital markets every day

Cattle worth Tk 1.0b being sold at digital markets every day

-- 2021-07-18 21:50:22

The online sales of sacrificial cattle for Eid-ul-Azha have increased several folds in the comparable period of last year amid the coronavirus pandemic. The e-Commerce Association of Bangladesh (e-CA...

RMG industry earned global  recognition for safety, sustainability, workers’  wellbeing, BGMEA president says

RMG industry earned global  recognition for safety, sustainability, workers’  wellbeing, BGMEA president says

FE Online Report 2021-07-18 17:26:23

The country’s readymade garment (RMG) industry has earned global recognition for strides in safety,  sustainability and workers’  wellbeing, said BGMEA President Faruqu...

India’s Sewtech Fashion to invest $9.26m in Chattogram EPZ

India’s Sewtech Fashion to invest $9.26m in Chattogram EPZ

-- 2021-07-18 16:31:10

Indian company Sewtech Fashion Limited, a sister concern of India’s largest apparel manufacturer company Shahi Exports Pvt Ltd, is investing $9.26 million in the Chattogram Export Processing Zon...

Dhaka city's cattle markets get going, just officially

Dhaka city's cattle markets get going, just officially

FE REPORT 2021-07-18 13:37:26

Trading of sacrificial animals in the city's makeshift markets was officially launched on Saturday, amid thin presence of customers apparently due to fear of getting infected with coronavirus. Cattle...

Chamber leaders demand export-oriented units be kept outside lockdown purview

Chamber leaders demand export-oriented units be kept outside lockdown purview

OUR CORRESPONDENT 2021-07-18 12:43:54

CHATTOGRAM: The Chittagong Chamber of Commerce and Industry (CCCI) has urged the government to exempt the export-oriented industries, and production and carrying of exportable goods from the lockdown...

Migrant workers need ‘vaccination at airport premises’

Migrant workers need ‘vaccination at airport premises’

FE REPORT 2021-07-18 12:21:28

Speakers at a consultation on Saturday suggested ensuring hassle-free services in providing Covid-19 vaccination to migrant workers. To this effect, they recommended arranging vaccination programme a...

Spice market heats up ahead of Eid

Spice market heats up ahead of Eid

FE REPORT 2021-07-18 12:15:35

Despite assurances made by the government to keep spice prices under control ahead of Eid, prices of spices including clove, cumin seeds and cardamom, known as 'garam masala', increased by 8.0-10 per...

AI key to Bangladesh's manufacturing success to overcome 4IR challenges

AI key to Bangladesh's manufacturing success to overcome 4IR challenges

FE REPORT 2021-07-18 08:47:16

The government as well as the private sector should take time-befitting measures to align artificial intelligence (AI) in manufacturing and service delivery to cope with the fourth industrial revoluti...

Bkash suspends transactions of 10 e-com platforms

Bkash suspends transactions of 10 e-com platforms

FE REPORT 2021-07-18 08:40:36

Mobile financial service provider bKash has temporarily suspended transactions through its channel to 10 e-commerce platforms, including Evaly. The other platforms are: Needs, Alesha Mart, Qcoom, D...

Tax holiday for active pharmaceutical ingredient industry, finally

Tax holiday for active pharmaceutical ingredient industry, finally

FE REPORT 2021-07-18 08:35:46

The tax authorities have finally decided to offer tax holiday facility to the manufacturers of active pharmaceutical ingredient (API) and laboratory reagent to encourage the local production of the...

BTMA urges govt to conduct proper investigation into Narayanganj factory fire

BTMA urges govt to conduct proper investigation into Narayanganj factory fire

FE Online Report 2021-07-17 18:54:14

Expressing concern over the deadly Narayanganj juice factory fire, Bangladesh Textile Mills Association (BTMA) on Saturday urged the government to conduct a proper investigation into the incident. Th...

Xiaomi overtakes Apple to become second-largest smartphone maker

Xiaomi overtakes Apple to become second-largest smartphone maker

REUTERS 2021-07-17 16:27:19

Chinese smartphone maker Xiaomi Corp overtook Apple Inc in the second quarter to become the world's No. 2 smartphone maker, market research firm Canalys said in a report on Thursday. Xiaomi took the...

Tk 2.12b handed over to pay closed jute mill workers

Tk 2.12b handed over to pay closed jute mill workers

FE REPORT 2021-07-17 09:36:32

The Ministry of Finance (MoF) allocated on Thursday over Tk 2.12 billion for payment of arrears of the workers of the closed jute mills of Bangladesh Jute Mills Corporation (BJMC). The MoF provided t...

Cattle traders suffer as extortionists on the prowl in Chattogram again

Cattle traders suffer as extortionists on the prowl in Chattogram again

OUR CORRESPONDENT 2021-07-17 09:01:48

Extortionists and robbers are on the prowl again amid an increase in sale and supply of cattle to the port city from different districts as demands for the sacrificial animal are growing with Eid-ul-A...

Export cargo backlog in Chattogram eases slightly

Export cargo backlog in Chattogram eases slightly

FE REPORT 2021-07-17 08:57:11

The export cargo backlog at 17 inland container depots in Chattogram eased to some extent on Friday as five Colombo-bound vessels carried a large number of export-laden containers on the day. But t...

Tea association urges keeping tea gardens outside lockdown purview

Tea association urges keeping tea gardens outside lockdown purview

FE REPORT 2021-07-17 08:54:03

Bangladesh Tea Association (BTA), a representative organisation of 146 tea gardens in the country, has urged the government to keep the tea gardens outside the purview of the next strict lockdown, b...

Factory closure may disrupt supply chain of essentials

Factory closure may disrupt supply chain of essentials

REZAUL KARIM 2021-07-17 08:50:40

A state agency has cautioned that the proposed long-term closure of factories, including those producing commodities, might disrupt supply and the potential hike in their prices in the market. The...

Online sales of sacrificial animals on Bangladeshi platforms surge

Online sales of sacrificial animals on Bangladeshi platforms surge

SAJIBUR RAHMAN 2021-07-16 18:52:52

Sales of domestic animals meant for qurbani in the country have more than tripled to over 238,000 this year until a week before Eid-ul-Azha, according to the fisheries and livestock ministry data. Ho...

Walton announces Covid support package for employees

Walton announces Covid support package for employees

FE ONLINE DESK 2021-07-16 13:08:50

Walton, a local electronics brand, has announced special financial assistance packages for its Corona victim employees. It has also launched ‘Covid-19 Surveillance Week’ to facilitate e...

Online sales of sacrificial animals could touch 0.7m this year, says Minister

Online sales of sacrificial animals could touch 0.7m this year, says Minister

-- 2021-07-16 12:16:37

Commerce Minister Tipu Munshi has said that the online sales of sacrificial animals could touch 0.70 million this year, with more and more people preferring the virtual way of buying amid Covid-19. &...

Call for keeping RMG units open in next 'lockdown'

Call for keeping RMG units open in next 'lockdown'

FE REPORT 2021-07-16 10:01:59

Country's clothing industry owners on Thursday urged the government to allow keeping open the export-oriented factories during the next 14-day 'lockdown', which is scheduled to begin on July 23. They...

Garlic, Ginger prices soar ahead of Eid

Garlic, Ginger prices soar ahead of Eid

FE REPORT 2021-07-16 09:54:54

Prices of garlic and ginger soared in the last seven days ahead of Eid-ul-Azha, increasing sufferings of the consumers, especially the commoner, who had already been hit hard by price hike of other es...

Investors to get power line in a week thru BIDA's one-stop service

Investors to get power line in a week thru BIDA's one-stop service

FE REPORT 2021-07-16 08:12:43

Investors, from now on, will get power connections in rural areas within a week of submitting applications in the BIDA online One-Stop Service (OSS). The Bangladesh Investment Development Authority...

Export cargo backlog hits record high

Export cargo backlog hits record high

FE REPORT 2021-07-16 07:57:45

The export cargo backlog at 17 inland container depots in Chattogram hit a record high of 16,491 TEUs (20-foot equivalent units) on Thursday, up by 690 TEUs from Wednesday. The export backlog is on t...