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Army chief inaugurates Army Pharma Limited in Gazipur

Army chief inaugurates Army Pharma Limited in Gazipur

BSS 2021-05-28 18:19:08

Chief of Army Staff General Aziz Ahmed inaugurated Army Pharma Limited at Shimultali under Joydebpur in the Gazipur district on Thursday. Army Pharma Limited, a subsidiary of Bangladesh Machine Tools...

Jeff Bezos will step down as Amazon CEO on July 5

Jeff Bezos will step down as Amazon CEO on July 5

-- 2021-05-27 20:59:10

Amazon founder Jeff Bezos will officially step down from his role as chief executive on July 5, he announced during the company's annual shareholder meeting Wednesday. Bezos will hand the reins to An...

Soybean oil price increases by Tk 9.0 per litre

Soybean oil price increases by Tk 9.0 per litre

FE ONLINE REPORT 2021-05-27 20:14:58

Hardship of the consumers is going to be intensified further as soybean oil prices have been raised to Tk153 a litre on Thursday, marking a Tk 9.0 a litre hike just in a week. The decision came at a...

City Bank signs agreement with Banani Club

City Bank signs agreement with Banani Club

-- 2021-05-27 17:12:24

City Bank recently signed an agreement with Banani Club Limited. Under this agreement, over one thousand members of Banani Club are now able to pay the bills and fees using the City Bank’s digit...

China’s Sinopharm to supply vaccine at $10 each to Bangladesh 

China’s Sinopharm to supply vaccine at $10 each to Bangladesh 

FE ONLINE REPORT 2021-05-27 14:19:31

Bangladesh will buy each dose of Covid-19 vaccine of the Chinese company Sinopharm at US$10. The cabinet committee on government purchase on Thursday approved a proposal of the health ministry in thi...

Overseas jobs for Bangladeshis mostly dry up on Covid

Overseas jobs for Bangladeshis mostly dry up on Covid

ARAFAT ARA 2021-05-27 09:12:49

The outflow of workers from Bangladesh has virtually remained halted because of the jinxes of travel restrictions and new regulations of quarantine by job destination countries. Manpower recruiters s...

US formally removes Xiaomi from blacklist

US formally removes Xiaomi from blacklist

-- 2021-05-26 19:35:26

China's Xiaomi Corp said on Wednesday a US court has removed the company's designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on US persons buying or holding its st...

Amazon buying James Bond owner MGM for $8.45b

Amazon buying James Bond owner MGM for $8.45b

-- 2021-05-26 19:18:05

Amazon.com Inc said on Wednesday it is buying MGM, the fabled US movie studio home to the "James Bond" franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up compe...

Betel leaf export to EU countries begins after seven years

Betel leaf export to EU countries begins after seven years

FE ONLINE REPORT 2021-05-26 18:43:23

Betel leaf export to European Union (EU) countries from Bangladesh restarted Wednesday long after more than seven years. Agriculture Minister Muhammad Abdur Razzaque inaugurated the export at a progr...

China overtakes Germany to become UK’s top import market

China overtakes Germany to become UK’s top import market

-- 2021-05-26 10:34:18

China has overtaken Germany to become the UK's biggest single import market for the first time since records began. Goods imported from China rose 66 per cent from the start of 2018 to £16....

Bangladesh's oil demand stays afloat

Bangladesh's oil demand stays afloat

M AZIZUR RAHMAN 2021-05-26 09:23:57

State-run Bangladesh Petroleum Corporation (BPC) could avoid the demurrage claims by the international oil suppliers during the recent spate of coronavirus induced restrictions as the oil cargoes had...

Experts for standardising products to grab global export market

Experts for standardising products to grab global export market

FE REPORT 2021-05-26 09:08:52

Speakers at a programme on Tuesday said local companies must standardise their potential export products with international benchmark to grab share in the competitive global market. In this regard, t...

133.3m benefit from subsidised sales of food items in 15 months

133.3m benefit from subsidised sales of food items in 15 months

FE REPORT 2021-05-26 08:56:55

Approximately 133.3 million people have benefitted from the Trading Corporation of Bangladesh's (TCB) open market sale (OMS) programme in the last 15 months. The state-owned agency sells key essentia...

China’s first self-controlled heavy-duty gas turbine control system put into operation

China’s first self-controlled heavy-duty gas turbine control system put into operation

GLOBAL TIMES 2021-05-25 17:49:38

China's first self-controlled heavy-duty gas turbine control system (TCS) was put into operation and connected to the grid on Tuesday in East China's Zhejiang Province, media reported. The TCS syste...

Taufika Foods and Agro Industries Limited’ is now ‘Taufika Foods and Lovello Ice-cream PLC’

Taufika Foods and Agro Industries Limited’ is now ‘Taufika Foods and Lovello Ice-cream PLC’

-- 2021-05-25 17:28:20

The 1st Extra Ordinary General Meeting (EGM) of Taufika Foods and Agro Industries Ltd. held on 24th May 2021 through a virtual platform. In the EGM the shareholders approved the amendment of the comp...

Govt moves to lower dependence on Indian jute seeds

Govt moves to lower dependence on Indian jute seeds

FE REPORT 2021-05-25 15:31:02

The government has moved to lower the dependence on neighbouring India for jute seed import by producing the same locally, officials said. A Tk 6.76 billion project is underway to produce the seed --...

Flour prices shoot up

Flour prices shoot up

YASIR WARDAD 2021-05-25 14:35:21

The prices of wheat flour have increased remarkably in the retail markets, adding to owes of commoners already hit hard by the Covid-19 pandemic. Prices of maida (finer wheat flour) have been increas...

Google gets VAT registration

Google gets VAT registration

FE REPORT 2021-05-25 14:00:49

The Google Asia-Pacific Pte Ltd obtained VAT registration on Monday after the National Board of Revenue (NBR) amended provisions to remove obstacles. It has appointed a local VAT agent to deal with...

Some major imports to get advance tax waiver in next budget

Some major imports to get advance tax waiver in next budget

DOULOT AKTER MALA 2021-05-25 13:34:27

Some major industrial goods including MS (mild steel) products, mobile phone, scrap and ship scrap are set to get waiver from payment of Advance Tax (AT) in the upcoming budget for the fiscal year (FY...

Network-locked handsets likely to hit country's market soon

Network-locked handsets likely to hit country's market soon

ISMAIL HOSSAIN 2021-05-25 13:17:19

Carrier- or network-locked handsets are going to hit the country's market soon for the first time ever under a joint collaboration between mobile network operators (MNOs) and mobile handset manufactur...

Renault-Nissan, Hyundai face shutdowns in India over workers' COVID fears

Renault-Nissan, Hyundai face shutdowns in India over workers' COVID fears

REUTERS 2021-05-24 20:45:06

Automakers Renault, its alliance partner Nissan Motor Co and Hyundai Motor Co face temporary factory closures in India due to growing unrest among workers concerned about rising COVID-19 cases. Worke...

MoU signed between ministry, mobile financial services to facilitate 50m families

MoU signed between ministry, mobile financial services to facilitate 50m families

FE ONLINE REPORT 2021-05-24 18:55:00

A Memorandum of Understanding (MoU) was signed between the Ministry of Land and Payment Gateway Channel Service Providers Upay, Nagad and Bkash, and Banking Services Providers United Commercial Bank (...

Adding money from bank to Nagad made easy now

Adding money from bank to Nagad made easy now

OUR CORRESPONDENT 2021-05-24 15:25:25

CHATTOGRAM, May 23: Customers can transfer money from their accounts with the country's major commercial banks to the digital wallets of Nagad, the mobile financial service arm of the Bangladesh Post...

Walton kicks off 'Digital Campaign Season 11'

Walton kicks off 'Digital Campaign Season 11'

FE ONLINE DESK 2021-05-24 14:25:27

Walton, a local electronics brand, has launched the 'Digital Campaign Season 11' recently, offering mega customer benefits on the occasion of the upcoming Eid-ul-Azha. Lucrative offers are up for gra...

Govt moves to tackle edible oil price rise

Govt moves to tackle edible oil price rise

-- 2021-05-24 13:33:27

The recent surge in edible oil prices has prompted the government to take the necessary steps to keep the essential item's prices stable in the domestic market. Under the move, the commerce ministry...

Banking hours extended by 30 minutes

Banking hours extended by 30 minutes

FE REPORT 2021-05-24 13:32:13

The central bank has asked all the scheduled banks to extend the working period for customers by half an hour to facilitate business activities across the country, officials said. The banks have also...

NBR to request port authorities to collect fees online

NBR to request port authorities to collect fees online

DOULOT AKTER MALA 2021-05-24 13:08:56

The National Board of Revenue (NBR) has decided to request the port authorities to collect their fees and charges through e-payment system so that the importers and exporters can enjoy the facility....

Tk 1.0b BB refinance fund formed for bus route franchise system

Tk 1.0b BB refinance fund formed for bus route franchise system

SIDDIQUE ISLAM 2021-05-24 13:07:07

The central bank has decided to form a refinancing fund worth Tk 1.0 billion to facilitate the bus owners to implement the bus route franchise (BRF) system for easing traffic congestion in the capital...

Bitcoin down almost 50pc from year's high

Bitcoin down almost 50pc from year's high

-- 2021-05-24 09:39:40

Bitcoin fell 13 per cent on Sunday after the world's biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50 per cent from the year's high. Bitcoin fell to $32,601...

ILO lauds Bangladesh's progress in RMG sector

ILO lauds Bangladesh's progress in RMG sector

UNB 2021-05-23 22:25:02

International Labour Organisation (ILO) Country Director in Bangladesh Tuomo Poutiainen has praised the development that the readymade garment (RMG) sector has made in the areas of workplace safety an...