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The Financial Express

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Rules set for utilising Tk 10b aid package to revive Covid-hit tourism industry

Rules set for utilising Tk 10b aid package to revive Covid-hit tourism industry

FE REPORT 2021-07-16 07:54:33

The Bangladesh Bank has announced the guideline for utilising the government-announced new stimulus package of Tk 10 billion for the tourism industry. The central bank issued a circular on Thursday,...

Grameenphone’s net profit rises 17pc in Q2

Grameenphone’s net profit rises 17pc in Q2

-- 2021-07-15 21:12:45

Grameenphone’s net profit rose 17 per cent in the second quarter to Tk 8.5 billion from a year earlier, powered by increased use of mobile data during the coronavirus pandemic and lower finance...

Visa launches Islamic banking cards in Bangladesh

Visa launches Islamic banking cards in Bangladesh

FE Online Report 2021-07-15 19:28:51

Visa, a global digital payment system, has announced the launching of a new portfolio of services for Bangladeshi customers in line with Islamic banking principles. Guided by Shariah principles, the...

Alamgir Ranch Limited opens second sales centre in Gazipur

Alamgir Ranch Limited opens second sales centre in Gazipur

FE Online Desk 2021-07-15 16:26:08

Alamgir Ranch Limited opened its second sales centre yesterday (Wednesday, July 14) at Board Bazar in Gazipur as part of its continued expansion.   Gazipur City Corporation Mayor Alhaj Advocate...

Walton's EGM held virtually

Walton's EGM held virtually

FE Online Desk 2021-07-15 15:40:15

Walton Hi-Tech Industries Limited held its Extraordinary General Meeting (EGM) on Wednesday by using a digital platform. At the meeting, the shareholders unanimously approved the proposal to use the...

Govt fixes rawhide price for sacrificial animals

Govt fixes rawhide price for sacrificial animals

FE Online Report 2021-07-15 14:30:47

The government has fixed the prices of salted rawhide of sacrificial cows ahead of Eid-ul-Adha at Tk 40 to Tk 45 per square foot in Dhaka and Tk 33 to Tk 37 outside the capital. Commerce Minister Tip...

Airlines resume domestic flight services in Bangladesh

Airlines resume domestic flight services in Bangladesh

-- 2021-07-15 13:26:09

At least three airlines in Bangladesh have resumed their domestic flight services as the government relaxed its strict pandemic measures. State carrier Biman Bangladesh Airlines began operating domes...

Biman pilots threaten strike over reduced pay

Biman pilots threaten strike over reduced pay

-- 2021-07-15 12:13:39

Bangladesh Airlines Pilot Association (BAPA) has threatened a strike by aviators of the country over not receiving their usual pay after the salaries of those who underwent pay cuts during the pandemi...

District administration to monitor Eid-time rawhide management

District administration to monitor Eid-time rawhide management

FE REPORT 2021-07-15 09:56:29

The government has instructed deputy commissioners (DCs) to monitor the management of rawhide and skin of sacrificial animals, including preservation and transportation, during Eid-ul-Azha, officials...

Tk 17b cash incentives for exporters released

Tk 17b cash incentives for exporters released

FE REPORT 2021-07-15 09:48:44

The government released Tk 17 billion for the payment of cash incentives to local exporters on their earnings. It is the 1st installment of cash incentives for the July-September period of the curren...

AI-based system to be launched for online submission of tax returns

AI-based system to be launched for online submission of tax returns

DOULOT AKTER MALA 2021-07-15 08:42:44

The National Board of Revenue (NBR) is set to launch an artificial intelligence (AI)-based system to facilitate income taxpayers to file their returns online. The home-grown system is scheduled to...

Pmart Vorsha Store' opened for RMG workers in Gazipur

Pmart Vorsha Store' opened for RMG workers in Gazipur

-- 2021-07-14 21:42:20

Fair price shop `Pmart Vorsha Store' has been opened recently at Mahmud Group for the garment workers in Gazipur. Approximately 15,000 workers of the group will get up to 10 per cent discount at the...

CDC Group announces $30m trade finance loan to City Bank

CDC Group announces $30m trade finance loan to City Bank

FE Online Desk 2021-07-14 15:27:55

CDC Group, the UK’s development finance institution and impact investor, has announced the close of a $30 trade finance loan to City Bank , one of Bangladesh’s top performing private banks...

ITUC demands independent public inquiry into Hashem Foods fire

ITUC demands independent public inquiry into Hashem Foods fire

FE Online Report 2021-07-14 15:19:35

The International Trade Union Confederation (ITUC) called on the Bangladesh government for an independent public inquiry into the devastating fire at the Hashem Foods factory in Rupganj. It also pres...

Trade thru Panchagarh border suspended from July 12-30

Trade thru Panchagarh border suspended from July 12-30

-- 2021-07-14 11:58:31

Trade activities between India and Bangladesh through Banglabandha land port in Panchagarh district will remain suspended for 12 days due to Eid-ul-Azha. The suspension will remain in force from July...

60pc of Karnaphuli capital dredging complete: Official

60pc of Karnaphuli capital dredging complete: Official

NAZIMUDDIN SHYAMOL 2021-07-14 10:24:44

CHATTOGRAM: Around 60 per cent work of the Tk 2.42 billion (Tk 242 crore) Karnaphuli capital dredging project has been completed since resumption of the work in April after it remained stopped for alm...

Chattogram off-docks see 14,636 TEUs of average backlog

Chattogram off-docks see 14,636 TEUs of average backlog

FE REPORT 2021-07-14 09:13:53

The five-day average of export container backlog in Chattogram off-docks stood at 14,636 twenty-foot equivalent units (TEUs) on Tuesday. This is much higher than the normal average backlog of aroun...

Non-compliant units won't be allowed to sell products: Salman Rahman

Non-compliant units won't be allowed to sell products: Salman Rahman

FE REPORT 2021-07-14 09:04:17

No non-compliant industries will be allowed to market their products domestically, as the government has taken the compliance issues seriously, prime minister's private sector industry and investment...

Bangladesh's tourism industry devastated by Covid-19 fallout

Bangladesh's tourism industry devastated by Covid-19 fallout

Doulot Akter Mala 2021-07-14 08:43:12

The tourism and travel industry, one of sectors hit hard by the ongoing Covid-19 pandemic, estimates its loss at Tk 114 billion possible loss until now. Industry operators are not hopeful about star...

Bangladesh Bank re-fixes banking hours

Bangladesh Bank re-fixes banking hours

-- 2021-07-13 20:07:49

Bangladesh Bank (BB) has re-fixed the banking hours as per the new guideline of the Cabinet Division to halt the sharp rise of Covid-19 in the country. On July 15, 18 and 19, banking activities will...

BB asks banks to provide note counting services at cattle markets

BB asks banks to provide note counting services at cattle markets

-- 2021-07-13 18:34:26

Bangladesh Bank (BB) has asked scheduled banks to provide note counting services through machines for reducing the Covid-19 infection risk. The central bank instructed the responsible banks to provid...

Digital Haat launched on Tuesday

Digital Haat launched on Tuesday

FE ONLINE REPORT 2021-07-13 18:07:20

Countrywide Digital Haat (market) for sacrificial animals was launched on Tuesday to curb the spread of coronavirus ahead of the coming Eid-ul Azha. Fisheries and Livestock Minister SM Rezaul Karim i...

Pineapple fibre – a new fibre from Bangladesh for the global fashion industry

Pineapple fibre – a new fibre from Bangladesh for the global fashion industry

FE ONLINE DESK 2021-07-13 15:11:02

Bangladesh has made a name for itself as one of the most important garment manufacturing and exporting nations in the world. It has innovative entrepreneurs and a hardworking workforce, yet the countr...

Consumers now to get loans up to 70pc from banks

Consumers now to get loans up to 70pc from banks

FE REPORT 2021-07-13 10:04:13

Consumers will from now on get loans up to 70 per cent from banks to purchase digital devices from 30 per cent earlier. The central bank issued a circular in this connection on Monday. According t...

530 industrial units may face unrest over wages, festival allowance

530 industrial units may face unrest over wages, festival allowance

MONIRA MUNNI 2021-07-13 10:02:24

At least 530 manufacturing units, including textile mills and readymade garment (RMG) factories, across the country have the risks of facing labour unrest over payment of wages and festival allowance...

One more firm to get nod soon for exporting wet-blue leather

One more firm to get nod soon for exporting wet-blue leather

FE REPORT 2021-07-13 09:59:48

The government is set to allow one more company to export wet-blue leather soon to ensure its fair price in the local market, especially during the upcoming Eid-ul-Azha. The firm - Mukta Tannery Lt...

Colombo-bound vessels, exports from Chattogram to get priority

Colombo-bound vessels, exports from Chattogram to get priority

FE REPORT 2021-07-13 08:44:55

Colombo-bound vessels will get priority berthing at the Chattogram port in a bid to ease a huge export backlog at private depots that worsened further on Monday. The Chittagong Port Authority (CPA)...

Some fast-track projects to undergo strong monitoring

Some fast-track projects to undergo strong monitoring

FHM HUMAYAN KABIR 2021-07-13 08:38:07

The ongoing eight 'fast-track' mega projects are coming under intense supervision as a few of those have suffered major implementation delays. The implementation monitoring and evaluation division...

Bangladesh farmers take a hit from lockdown

Bangladesh farmers take a hit from lockdown

YASIR WARDAD 2021-07-13 08:32:39

Supply disruptions, coupled with a decline in demand caused by a plunge in income of a vast population, have put a severe strain on farmers amid the countrywide lockdown. Although a number of mushr...

Walmart's Flipkart to cross $37b valuation, SoftBank returns in new funding

Walmart's Flipkart to cross $37b valuation, SoftBank returns in new funding

REUTERS 2021-07-12 16:15:54

Walmart Inc-owned Indian online retailer Flipkart on Monday ushered back tech investor SoftBank Group Corp as an investor in a $3.6 billion funding round, after which it will be valued at $37.6 billio...