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The Financial Express

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BGMEA election: Sammilita Parishad unveils manifesto

BGMEA election: Sammilita Parishad unveils manifesto

FE Online Report 2021-03-17 09:23:14

Sammilita Parishad, a panel contesting the BGMEA election, on Tuesday made a number of promises with priority to increase locally made garment exports and its market share in the global market. Diver...

Maiden consignment of products thru inland waterway left for India

Maiden consignment of products thru inland waterway left for India

FE ONLINE REPORT 2021-03-16 18:53:49

Nearly one year after the inauguration, the first ever export consignment of food product has left for India using inland waterways on Tuesday, marking the golden jubilee of the independence of Bangla...

BIDA adds one more service

BIDA adds one more service

FE Report 2021-03-16 17:38:08

Bangladesh Investment Development Authority (BIDA) on Tuesday formally launched one new service to its virtual One-Stop Service (OSS) portal to help facilitate investment procedure in the country. Th...

Nokia to slash up to 10,000 jobs

Nokia to slash up to 10,000 jobs

Reuters 2021-03-16 14:18:41

Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities. The company said in a stat...

European gaming giant acquires Bangladeshi company

European gaming giant acquires Bangladeshi company

Mansurul Kafi 2021-03-16 12:05:01

Swedish Free-to-play gaming studio Stillfront group has completely acquired Moonfrog labs including its Dhaka based subsidiary Ulka Games Limited. The Stockholm based gaming giant has bought 91 per ce...

Public hearing on telecom services on March 30

Public hearing on telecom services on March 30

FE Report 2021-03-16 10:19:32

Bangladesh Telecommunication Regulatory Commission (BTRC) is going to hold a public hearing on March 30 to understand users' experiences on quality of telecom services, according to an announcement...

Nokia partners with internet giants

Nokia partners with internet giants

Reuters 2021-03-16 10:17:35

Finnish telecom equipment maker Nokia on Monday announced it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions with its radio access network (R...

BTRC to set up benchmarking system for monitoring telcos' services

BTRC to set up benchmarking system for monitoring telcos' services

ISMAIL HOSSAIN 2021-03-16 10:09:49

The Bangladesh Tele-communication Regulatory Commission (BTRC) is set to install a state-of-the-art benchmarking system to strengthen the commission's capacity to monitor service quality of its licens...

Bangladesh’s HR Lines to open Chattogram-Colombo feeder service

Bangladesh’s HR Lines to open Chattogram-Colombo feeder service

FE Online Desk 2021-03-16 09:57:13

Bangladesh’s container ship operator HR Lines Limited, a subsidiary of shipowner Karnaphuli Group, will expand its connectivity with regional transhipment hubs with the procurement of up to six...

Saudis' Kafala system reforms to benefit Bangladeshi workers

Saudis' Kafala system reforms to benefit Bangladeshi workers

FE Report 2021-03-16 08:14:14

The decision taken by Saudi Arabia to reform the much-hyped Kafala or sponsor system has come as an opportunity for outbound Bangladeshi workers. According to global media reports, the Arab country s...

Rights groups urge fashion brands to stop RMG workers ‘going hungry’

Rights groups urge fashion brands to stop RMG workers ‘going hungry’

THOMSON REUTERS FOUNDATION 2021-03-15 20:12:00

Fashion brands should fix their "broken industry" by ensuring millions of pandemic-hit workers receive their full wages and by guaranteeing severance pay if jobs are cut, a coalition of more than 200...

Volkswagen aims for six battery cell plants in Europe by 2030

Volkswagen aims for six battery cell plants in Europe by 2030

Reuters   2021-03-15 19:32:55

Volkswagen, the world’s No.2 carmaker, on Monday said it plans to build six battery cell production plants in Europe by 2030 to secure supply for its electric vehicle push. The six plants, to b...

Startups to get tech innovation support from eGeneration, Microsoft

Startups to get tech innovation support from eGeneration, Microsoft

FE ONLINE REPORT 2021-03-15 18:27:02

Homegrown startups will get technological innovation support from eGeneration and Microsoft for scaling up their platforms. The announcement came at a roundtable titled “Building Best in Class...

LG-Butterfly products available on Evaly

LG-Butterfly products available on Evaly

-- 2021-03-15 17:48:58

Customers will be able to purchase LG products from Butterfly's virtual shop in the e-commerce marketplace Evaly, according to a release. Customers will get attractive discounts when they buy these p...

TCB to start countrywide commodity sales from Wednesday

TCB to start countrywide commodity sales from Wednesday

-- 2021-03-15 17:11:20

Trading Corporation of Bangladesh (TCB) will start countrywide commodity sale programme at subsidised prices from Wednesday aiming to keep the essentials price stable in the markets before the holy Ra...

India to propose law banning cryptocurrencies, penalising traders

India to propose law banning cryptocurrencies, penalising traders

-- 2021-03-15 13:13:52

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions o...

Walton aims to become the top electrical appliance brand by 2022

Walton aims to become the top electrical appliance brand by 2022

FE Online Desk 2021-03-15 12:16:30

Bangladesh’s leading electronics brand Walton has set a goal to be the market leader in the domestic electrical appliances sector by 2022. Walton Hi-Tech Industries Limited (WHIL) Managing Dire...

VW to cut up to 4,000 jobs via early retirement

VW to cut up to 4,000 jobs via early retirement

-- 2021-03-15 11:02:03

Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several hundred million euros, company s...

Tk 1,000 insurance policy for RMG workers proposed

Tk 1,000 insurance policy for RMG workers proposed

FE REPORT 2021-03-15 10:14:30

Speakers at a programme in the city on Sunday proposed introducing an insurance policy for garment workers amounting to Tk1,000 a year under direct supervision of the government. A worker will pay...

24 stations of Chattogram's Chatkai canal inoperative

24 stations of Chattogram's Chatkai canal inoperative

NAZIMUDDIN SHYAMOL 2021-03-15 10:11:24

CHATTOGRAM: The transportation of goods by the waterway, through most important commercial hubs at Chaktai and Khatungonj, is being hampered as all the 24 ghats of Chaktai Khal (Chatkai canal) have...

Seven more sectors to be brought under regulations for minimum wages

Seven more sectors to be brought under regulations for minimum wages

MONIRA MUNNI 2021-03-15 09:26:18

The government has initially identified seven more industrial sectors to set minimum monthly wages for the workers mainly to bring them under regulations, officials said. The sectors are tiles and ce...

Shops, shopping malls to remain closed on March 17

Shops, shopping malls to remain closed on March 17

-- 2021-03-15 09:01:50

The Bangladesh Shop Owners Association (BSOA) has decided to keep all shops and shopping malls closed on March 17, marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman...

Call for giving loans to new entrepreneurs for creating jobs

Call for giving loans to new entrepreneurs for creating jobs

FE REPORT 2021-03-15 08:57:26

Speakers in a seminar on development of women entrepreneurs stressed the need for changing the mindset of banks and other financial institutions (FIs) to provide loans to fresh entrepreneurs for creat...

Brands protect bottom line, but workers face destitution

Brands protect bottom line, but workers face destitution

MONIRA MUNNI 2021-03-15 08:49:00

Leading fashion brands have recorded huge profits despite the Covid-19 pandemic, according to the latest global report. But the garment workers in the supply chain have been denied full wages for the...

Bangladesh Bank gets one more Deputy Governor

Bangladesh Bank gets one more Deputy Governor

-- 2021-03-15 08:35:18

The government has hired one more deputy governor (DG) to ensure smooth functioning of the central bank in the Covid-19 situation, officials said. Abu Farah Md. Naser, executive director of the Bangl...

Doreen arranges nine-day food festival with chef Kaique’s signature dishes

Doreen arranges nine-day food festival with chef Kaique’s signature dishes

-- 2021-03-14 19:48:23

The Doreen Hotels and Resorts has arranged a nine-day food festival with chef Kaique’s all the lip-smacking signature dishes. The five-star hotel invited food lovers to join the Signature of Ka...

Experts suggest specific guideline to boost e-commerce

Experts suggest specific guideline to boost e-commerce

-- 2021-03-14 19:44:27

With the digital economy and e-commerce seen as a potent sector for employment and income generation in Bangladesh, the business insiders underscored the need for specific guidelines for doing fair bu...

GETCO teams up with Evaly

GETCO teams up with Evaly

-- 2021-03-14 18:10:55

Greenland Engineers and Tractors Company Limited (GETCO) has teamed up with e-commerce marketplace Evaly.com Limited. From now on, customers of Evaly will be able to buy various products comprising G...

Central bank extends policy supports for exporters again

Central bank extends policy supports for exporters again

FE ONLINE REPORT 2021-03-14 17:36:46

The central bank has extended policy supports further by three months to June 30 from March 31 this year to facilitate the country’s export trade amid the ongoing Covid-19 pandemic, officials sa...

bKash offers Tk 150 discount on 'Add Money' from Bank/Card

bKash offers Tk 150 discount on 'Add Money' from Bank/Card

-- 2021-03-14 16:50:25

To celebrate Independence Day, bKash offers the customers to avail Tk 150 discount coupon upon doing bank to bKash or card to bKash Add Money of Tk 1,000 or more. The coupon can be redeemed at select...