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The Financial Express

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‘Bangladesh has five more years to get ready for post-LDC challenges'

‘Bangladesh has five more years to get ready for post-LDC challenges'

-- 2021-07-07 22:19:37

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman thinks Bangladesh should make its industries ready in the next five years for the challenges of graduation from least developed co...

Shaikh Yusuf Harun joins BEZA as its executive chairman

Shaikh Yusuf Harun joins BEZA as its executive chairman

FE Online Report 2021-07-07 19:06:06

Senior Secretary to the government Shaikh Yusuf Harun has joined Bangladesh Economic Zones Authority (BEZA) as its executive chairman. He has been appointed to the post for the next three years as pe...

Chevron Bangladesh relocating its Dhaka office

Chevron Bangladesh relocating its Dhaka office

FE ONLINE REPORT 2021-07-07 17:44:46

Chevron Bangladesh is relocating its Dhaka office with the aim to ensure enhanced facilities for its workforce. "We are moving to a new office premise in Gulshan – 2 since it better suits our n...

Samsung forecasts 53pc jump in quarterly profit amid global chip shortage

Samsung forecasts 53pc jump in quarterly profit amid global chip shortage

-- 2021-07-07 11:24:27

Tech giant Samsung Electronics has said it expects its quarterly profit to rise by 53 per cent amid a global chip shortage. The world's biggest memory-chip and smartphone maker forecast operating...

Current account deficit eases in July-May

Current account deficit eases in July-May

FE Online Report 2021-07-07 10:45:58

The country’s negative balance of current account eased during the first 11 months of the past fiscal year (FY21) compared to the same period of the previous fiscal year. Bangladesh Bank statis...

Bangladesh Bank freezes bank account of Banco Securities

Bangladesh Bank freezes bank account of Banco Securities

FE REPORT 2021-07-07 09:57:50

The Bangladesh Bank has frozen the bank account of Banco Securities Limited, officials said. The Bangladesh Financial Intelligence Unit (BFIU) of the central bank made the decision following a requ...

Commodity calendars for six more items soon

Commodity calendars for six more items soon

Reuters 2021-07-07 09:50:42

The government is preparing calendars for six more essential items aiming to check their unusual price hike in the domestic market, officials said. The widely-consumed products are: Edible oil, sugar...

Digital commerce SOP may be amended: Minister

Digital commerce SOP may be amended: Minister

FE REPORT 2021-07-07 09:50:13

Commerce Minister Tipu Munshi said on Tuesday the government would bring necessary amendments to the newly introduced Digital Commerce Operations Guideline-2021, if necessary. "We've just started w...

Banks asked to verify borrowers' fiscal statements with DVS

Banks asked to verify borrowers' fiscal statements with DVS

FE REPORT 2021-07-07 09:38:27

The central bank has asked all the scheduled banks to verify their borrowers' submitted financial statements by using Document Verification System (DVS) for ensuring authenticity of the information,...

NBR publishes simplified income tax guidelines

NBR publishes simplified income tax guidelines

FE REPORT 2021-07-07 09:34:27

The National Board of Revenue (NBR) on Tuesday published 'Income Tax Nirdeshika (guidelines) 2021-22' for individual taxpayers to facilitate them fill-up tax returns and comply with the other provisio...

Wheat import declines by 18pc

Wheat import declines by 18pc

YASIR WARDAD 2021-07-07 08:57:09

Import of wheat, the second most important staple food crop in Bangladesh after rice, has declined notably by more than 1.13 million tonnes or 18 per cent in the just ended financial year (FY 21), com...

State-owned commercial banks disburse lavish incentive bonus

State-owned commercial banks disburse lavish incentive bonus

SYFUL ISLAM 2021-07-07 08:14:32

The central bank has advised the Financial Institutions Division (FID) of the Ministry of Finance to take actions against the loss-incurring state-owned commercial banks (SoCBs) that have been disburs...

Govt orders e-commerce firms to release products in 48 hours

Govt orders e-commerce firms to release products in 48 hours

-- 2021-07-06 20:16:07

The commerce ministry has ordered e-commerce businesses to ensure transparency in the burgeoning sector and release products for delivery within 48 hours from payment. They will also have to inform t...

Bank transaction timing extended up to 2:30 pm

Bank transaction timing extended up to 2:30 pm

-- 2021-07-06 19:08:04

The Bangladesh Bank has extended the transaction timing in banks for customers by one hour to 2:30 pm. As per a new circular issued by the central bank, now banks will carry out transactions from 10...

Japanese engineering firm plans to expand operations in Bangladesh

Japanese engineering firm plans to expand operations in Bangladesh

-- 2021-07-06 19:06:44

TOA Corporation, a world-renowned Japanese engineering company, plans expansion of its operations in Bangladesh. The 113-year-old company established its branch office in Bangladesh in 2020 as part o...

Fazli mango business gains momentum in Rajshahi

Fazli mango business gains momentum in Rajshahi

BSS 2021-07-06 17:58:48

Fazli mango business has gotten momentum in Rajshahi and Chapainawabganj districts, famous places for mango production. Sources concerned said the Covid-19 pandemic affected the previous one and half...

Emirates reopens dedicated first class lounge at Dubai Int’l Airport

Emirates reopens dedicated first class lounge at Dubai Int’l Airport

FE Online Desk 2021-07-06 14:16:05

Amid easing of pandemic restrictions around the world, Emirates has reopened its dedicated first class lounge at Dubai International (DXB's) Concourse B to serve the growing volume of premium customer...

NBR unlikely to achieve revenue target: Chairman

NBR unlikely to achieve revenue target: Chairman

FE REPORT 2021-07-06 09:25:37

The National Board of Revenue (NBR) may not meet its revenue collection target this fiscal too for Covid-induced economic slowdown and a wide range of tax exemptions in the budget. According to the p...

BPC counts loss as global prices soar

BPC counts loss as global prices soar

M AZIZUR RAHMAN 2021-07-06 08:31:30

The Bangladesh Petroleum Corporation (BPC) has started counting losses after five years following higher fuel oil prices globally amid the acute coronavirus crisis. It now incurs a loss of an estimat...

BB relaxes policy for NBFI borrowers’ loan repayment

BB relaxes policy for NBFI borrowers’ loan repayment

FE ONLINE REPORT 2021-07-05 21:01:36

The central bank has further extended the policy relaxation on loan or lease repayments to the non-banking financial institutions (NBFIs) by their borrowers, officials said. Under the relaxations, a...

China will provide DFQF access for nine years after LDC graduation, Debapriya hopes

China will provide DFQF access for nine years after LDC graduation, Debapriya hopes

-- 2021-07-05 18:36:29

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya has expressed hope that China will ensure the duty-free quota-free market access for Bangladesh for at least the...

Merchandise export earnings increase by 15.10pc

Merchandise export earnings increase by 15.10pc

FE ONLINE REPORT 2021-07-05 16:18:57

Merchandise export earnings of the country increased by 15.10 per cent to US$38.75 billion in the 2020-21 fiscal year, compared to the previous fiscal year. Bangladesh fetched US$33.67 billion in the...

Bangladesh second largest supplier of online labour globally

Bangladesh second largest supplier of online labour globally

FE ONLINE REPORT 2021-07-05 13:26:28

The rapid growth in internet connectivity coupled with some supporting measures for digital entrepreneurs in the last couple of years has made Bangladesh a potential player on digital platforms global...

China's Didi says removal of app may hurt revenue

China's Didi says removal of app may hurt revenue

Reuters 2021-07-05 11:50:17

China's biggest ride-hailing firm Didi Global said on Sunday that the removal of its "DiDi Chuxing" app from smartphone app stores in China is expected to have an adverse impact on its revenue....

Dhaka Bank to double investment in retail, SME sectors

Dhaka Bank to double investment in retail, SME sectors

Siddique Islam 2021-07-05 09:27:19

Dhaka Bank Limited has planned to focus its financing in retail and small and medium enterprises (SME) for minimising risk and diversifying portfolios by 2025, the bank's top executive has said. Unde...

BERC postpones public hearing on LPG price

BERC postpones public hearing on LPG price

FE REPORT 2021-07-05 09:13:05

Amid the ongoing lockdown, Bangladesh Energy Regulatory Commission (BERC) has postponed the public hearing slated for July 7-8 on reviewing the pricing formula for fixing the retail price of LPG (li...

Hapag-Lloyd stops shipping Bangladesh-bound cargoes from Singapore port

Hapag-Lloyd stops shipping Bangladesh-bound cargoes from Singapore port

FE REPORT 2021-07-05 08:57:10

Hapag-Lloyd, one of the world's biggest container shipping companies, has suspended carrying fresh Bangladesh-bound cargoes from Singapore port, which may worsen the ongoing container crisis in Chatto...

TCB to start OMS from Monday

TCB to start OMS from Monday

FE Online Report 2021-07-04 20:31:42

The Trading Corporation of Bangladesh (TCB) will start selling essentials from Monday through 450 mobile trucks amid the Covid-19 pandemic ahead of Eid-ul-Azha. Under the OMS programme, the TCB will...

Mongla Port sees anchoring of record 970 foreign ships in FY21

Mongla Port sees anchoring of record 970 foreign ships in FY21

-- 2021-07-04 20:21:49

Mongla Port, the second largest sea harbour of the country, witnessed the anchoring of at least 970 foreign ships in the 2020-21 fiscal year, breaking all previous records in its history. The ship mo...

Bangladesh will not allow import of sacrificial animals this year, minister says

Bangladesh will not allow import of sacrificial animals this year, minister says

FE ONLINE REPORT 2021-07-04 17:21:43

Fisheries and Livestock Minister SM Rezaul Karim has said the government will not allow the import of sacrificial animals from outside the country ahead of the coming Eid-ul Azha. He informed that th...