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The Financial Express

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The $15 billion jet dilemma facing Boeing’s CEO

The $15 billion jet dilemma facing Boeing’s CEO

-- 2021-06-02 16:28:24

Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. export...

Harry Potter publisher boosts earnings view as lockdown reading casts a spell

Harry Potter publisher boosts earnings view as lockdown reading casts a spell

REUTERS 2021-06-02 16:14:50

Bloomsbury Publishing declared a special dividend and lifted targets for the current year, after strong book sales during lockdowns drove a 22 per cent surge in the Harry Potter publisher's annual ear...

0.10m families get Samsung products through Evaly

0.10m families get Samsung products through Evaly

FE ONLINE DESK 2021-06-02 14:06:13

E-commerce marketplace Evaly.com Limited has delivered various types of Samsung products to at least 0.10 million families at their doorsteps in the last five months. Fair Electronics, an authorised...

World's largest meat processing company hit by cyber-attack

World's largest meat processing company hit by cyber-attack

-- 2021-06-02 11:18:23

The world's largest meat processing company has been targeted by a sophisticated cyber-attack. Computer networks at JBS were hacked, causing some operations in Australia, Canada and the US to tem...

Second train set reaches Diabari

Second train set reaches Diabari

FE REPORT 2021-06-02 09:58:50

The second train set for the under-construction metro rail service arrived at Diabari jetty on Tuesday night, 40 days after the arrival of the first set. Public relations officer of Dhaka Mass Transi...

Unions, retailers agree on three-month extension

Unions, retailers agree on three-month extension

MONIRA MUNNI 2021-06-02 09:58:32

Global unions and international fashion brands agreed a three-month extension of the 2018 Transition Accord to allow negotiations over a legally binding workers' safety accord in Bangladesh. "Ahead...

Central bank to allow farm loan rescheduling sans down payment

Central bank to allow farm loan rescheduling sans down payment

FE REPORT 2021-06-02 09:38:42

Bangladesh Bank (BB) will allow agricultural loan rescheduling without down payment in order to enhance its productivity amid the ongoing coronavirus pandemic. Rescheduling of loans means extending...

10-year tax holiday likely for hospital investors

10-year tax holiday likely for hospital investors

DOULOT AKTER MALA 2021-06-02 09:14:24

The government is likely to offer a complete 10-year tax break in the 2021-22 fiscal budget for investors of 250-bed hospitals outside city areas with intent to decentralise health services. The exem...

Electronics goods exports jump 8.5 times in nine months

Electronics goods exports jump 8.5 times in nine months

-- 2021-06-01 18:33:52

Bangladesh's consumer electronics exports jumped 8.5 times in the first nine months of the fiscal year 2020-21, compared to the same period of the previous fiscal year, according to the Export Promoti...

Onion price up Tk 10-15 per kg in two days

Onion price up Tk 10-15 per kg in two days

FE ONLINE REPORT 2021-06-01 14:52:38

The onion market has become volatile again as prices increased by Tk 10-15 a kg just in the last two days across the country. Locally produced onion was sold at Tk 55-65 a kg till Tuesday noon in the...

Taufika Foods’ Q3 profit jumps 154pc

Taufika Foods’ Q3 profit jumps 154pc

FE ONLINE DESK 2021-06-01 14:18:38

Taufika Foods and Agro Industries Limited has reported a 154 per cent jump in net profit after tax (NPAT) in the third quarter of the current fiscal year as against the NPAT of the corresponding perio...

Netherlands expresses continued support for Bangladesh RMG industry

Netherlands expresses continued support for Bangladesh RMG industry

FE Online Report 2021-06-01 13:52:54

The Netherlands says it is keen to continue its support for the sustainable development of the Bangladesh RMG industry. Ambassador of the Netherlands in Bangladesh Harry Verweij expressed the interes...

Shuttle raises $750,000 to redefine mass transport

Shuttle raises $750,000 to redefine mass transport

FE REPORT 2021-06-01 10:17:38

Shuttle, a mass-transit startup based in Bangladesh, has raised US$750,000 in a seed fundraising initiative, led by Accelerating Asia. Robi Axiata Limited (r-ventures), Impact Collective (The Venture...

Study suggests metro rail line link-up with Kamalapur station

Study suggests metro rail line link-up with Kamalapur station

MUNIMA SULTANA 2021-06-01 09:59:05

The metro rail line being developed from Uttara to Motijheel will be linked up with Kamalapur Railway Station as a feasibility study has finally recommended extending the elevated track by over one ki...

Bangladesh Bank relaxes outward payment policy

Bangladesh Bank relaxes outward payment policy

FE REPORT 2021-06-01 09:50:18

The central bank relaxed its policy allowing banks to remit outward payment through international card channels, as an alternative to traditional banking channels, to facilitate transactions, official...

Dhaka's trade gap widens by 21pc

Dhaka's trade gap widens by 21pc

FE REPORT 2021-06-01 09:26:36

Bangladesh's trade deficit widened by more than 21 per cent in the first 10 months of the current fiscal year (FY), 2020-21, because of rising import payment pressure on the economy, officials said....

Bangladesh regulator reduces LPG prices again

Bangladesh regulator reduces LPG prices again

-- 2021-05-31 13:44:53

The Bangladesh Energy Regulatory Commission has reduced the prices of liquefied petroleum gas, effective from June, due to a lowering of Saudi Aramco’s price. The price of a 12-kg cylinder of L...

Johnson & Johnson asks Supreme Court to review $4.7b talc verdict

Johnson & Johnson asks Supreme Court to review $4.7b talc verdict

-- 2021-05-31 13:19:25

Johnson & Johnson is asking for Supreme Court review of a $2.0 billion verdict in favour of women who claim they developed ovarian cancer from using the company’s talc products. The case fe...

Revenue board frames transit, transshipment rules

Revenue board frames transit, transshipment rules

FE REPORT 2021-05-31 08:41:20

The National Board of Revenue (NBR) has framed aset of uniform transit and transshipment regulations, keeping a provision of unconditional bank guarantee for countries willing to use Bangladesh's land...

BERC set to lower LPG prices

BERC set to lower LPG prices

FE REPORT 2021-05-31 08:38:44

The Bangladesh Energy Regulatory Commission (BERC) is set to reduce further retail prices of LPG in the domestic market today (Monday), considering the fall of Saudi Aramco contract price (CP) of the...

BEZA, BEPZA to make $4.5b investment

BEZA, BEPZA to make $4.5b investment

FE Online Report 2021-05-30 20:40:19

A development agreement was signed between Bangladesh Economic Zone Authority (BEZA) and Bangladesh Export Processing Zones Authority (BEPZA) to set up a 'BEPZA Economic Zone' in Bangabandhu Sheikh Mu...

SAVL hands over full payment of land to BEZA

SAVL hands over full payment of land to BEZA

FE ONLINE REPORT 2021-05-30 19:11:56

Star Allied Venture Ltd (SAVL) has handed over the full and final payment of 50 acres of developed land at BBSN, Mirsorai today. The payment was received by Mr Poban Chowdury, Executive Chairman of...

Soybean oil, flour, onion get dearer in city markets

Soybean oil, flour, onion get dearer in city markets

FE REPORT 2021-05-30 09:13:57

Soybean oil, flour and onion became dearer last week augmenting woes of consumers, especially the commoners who had already been hit hard by the price hike of other essentials during the coronavirus...

52pc consumers need middlemen to obtain electricity, says survey

52pc consumers need middlemen to obtain electricity, says survey

UNB 2021-05-29 21:35:53

Some 52 per cent of consumers responding to a survey covering two upazilas in Narayanganj and Cumilla have said they need to pursue middlemen to obtain an electricity connection. This was revealed in...

Evaly enters the travel industry by purchasing 'Flight Expert'

Evaly enters the travel industry by purchasing 'Flight Expert'

FE ONLINE REPORT 2021-05-29 18:06:26

E-commerce platform Evaly is set to enter the business of the travel industry. They have acquired Flight Expert— the market leader in the industry of Bangladeshi travel agencies. Flight Expert...

BSCIC moves to help entrepreneurs reach target audience

BSCIC moves to help entrepreneurs reach target audience

FE REPORT 2021-05-29 10:21:02

Bangladesh Small and Cottage Industries Corporation (BSCIC) is set to launch an online marketplace, aiming to help the micro-entrepreneurs sell their products to a wide range of consumers. To this...

BAFISA seeks waiver of interest on bank loans

BAFISA seeks waiver of interest on bank loans

FE REPORT 2021-05-29 10:18:11

Country's foodstuff importers and suppliers have requested the central bank to waive interest on bank loans until this December to help them offset their losses and survive during the ongoing Covid-19...

Tough time to eke out a living

Tough time to eke out a living

ARAFAT ARA 2021-05-29 08:51:15

Mohammad Delwar from Cumilla used to work as a room service provider at a hotel in Malaysia. He came home on vacation in December 2019, but could not go back to Malaysia following Covid-induced trave...

Alternate transmission line planned to evacuate 600MW Payra plant

Alternate transmission line planned to evacuate 600MW Payra plant

M AZIZUR RAHMAN 2021-05-29 08:18:14

The state-run Power Grid Company of Bangladesh (PGCB) is working to develop an alternative transmission line to evacuate 600 megawatt (MW) of electricity from Payra coal-fired power plant. The substi...

88pc shops still remain out of VAT, says survey

88pc shops still remain out of VAT, says survey

UNB 2021-05-28 21:01:26

Some 88 per cent of shops still remain out of the Value Added Tax (VAT) net, according to a recent survey conducted by the VAT Intelligence and Investigation Directorate. Out of 1,024 shops at eight...