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The Financial Express

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US business applications decline in February

US business applications decline in February

-- 2021-03-11 14:54:04

Applications to start new US businesses fell in February even as economic activity picked up amid an improving public health situation, government data showed on Wednesday. The Commerce Department sa...

Rolls-Royce plunges to worse than expected loss

Rolls-Royce plunges to worse than expected loss

Reuters 2021-03-11 14:27:55

British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its outlook for cash outflow to imp...

BGMEA Election Board chairman resigns

BGMEA Election Board chairman resigns

FE ONLINE REPORT 2021-03-11 11:38:50

Prof Dr Syed Ferhat Anwar resigned as chairman of the BGMEA Election Board on Wednesday. He submitted his resignation letter to Dr Rubana Huq, president of Bangladesh Garment Manufacturers and Export...

How investors are playing the post-pandemic property market

How investors are playing the post-pandemic property market

Reuters 2021-03-11 11:17:35

With its striking facade, Palazzo delle Poste in the heart of Milan is one of the more elegant office spaces in Europe, hosting the likes of JPMorgan and Italy’s first ever Starbucks outlet. Ha...

Nagad keen to provide digital financial services to four banks

Nagad keen to provide digital financial services to four banks

Siddique Islam 2021-03-11 10:24:38

Nagad, a digital service of Bangladesh Post Office, has expressed willingness to provide its digital financial services to four banks, including the state-run Rupali Bank. In this connection, the c...

World Bank to review 17 ‘slow’ projects

World Bank to review 17 ‘slow’ projects

FHM HUMAYAN KABIR 2021-03-11 10:16:11

The World Bank (WB) is going to appraise its funded 'slow-moving' projects in Bangladesh soon, which were on the weak trajectory in terms of implementation. Economic Relations Division (ERD) offici...

BPC-oil suppliers spat over contractual obligation deepens

BPC-oil suppliers spat over contractual obligation deepens

M AZIZUR RAHMAN 2021-03-11 08:42:04

The Bangladesh Petroleum Corporation (BPC) and the global oil suppliers are at loggerheads over the enforcement of 'force majeure' provision for the supply and delivery of fuel during the pandemic per...

Vitol gets another LNG deal

Vitol gets another LNG deal

-- 2021-03-11 08:38:08

The ministry of finance has overlooked the 'tainted' image of Vitol Asia Pte Ltd., though the Singaporean company was blacklisted thrice in Sri Lanka while its US unit was accused of bribing Latin Ame...

NBR cuts non-boiled rice import taxes to 25pc

NBR cuts non-boiled rice import taxes to 25pc

FE REPORT 2021-03-11 08:32:09

The National Board of Revenue (NBR) has lowered import taxes on non-boiled atap rice to 25 per cent from 62.5 per cent through issuing a gazette. However, the import of Basmati and Aromatic Rice will...

BGMEA demands tax cut at source on RMG exports

BGMEA demands tax cut at source on RMG exports

-- 2021-03-10 21:26:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to reduce the tax at source on readymade garment (RMG) exports at 0.25 per cent from the existing 0.50 per c...

Tahsan appointed ‘Face of Evaly’

Tahsan appointed ‘Face of Evaly’

-- 2021-03-10 19:02:27

Popular musician turned actor Tahsan Khan has been appointed as the ‘Face of Evaly’, according to a statement. Tahsan will remain as the ‘Face’ for the country's e-commerce ma...

Every second three people open Nagad accounts

Every second three people open Nagad accounts

-- 2021-03-10 16:55:56

Three people are jumping on the bandwagon of digital transactions every second by opening Nagad accounts, the mobile financial service of the Bangladesh government, reports UNB. On March 7, about 0.2...

Dollar dips, off three-and-a-half month highs

Dollar dips, off three-and-a-half month highs

-- 2021-03-10 12:29:46

The dollar on Tuesday backed off its 3-1/2-month high as US Treasury yields stabilised ahead of key inflation data and Treasury auctions this week, boosting riskier currencies such as the pound, Austr...

Norway suspends Rolls-Royce asset sale

Norway suspends Rolls-Royce asset sale

-- 2021-03-10 11:06:02

Norway has suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses the security implications for the country’s navy and the...

Apparel sales to US fall 16pc in January

Apparel sales to US fall 16pc in January

FE REPORT 2021-03-10 09:25:34

Apparel export to the US, the country's single largest destination, registered over 16 per cent decline in January 2021 year-on-year mainly because of the Covid-19 pandemic. Bangladesh fetched US$ 51...

28 teams formed to monitor prices of essentials

28 teams formed to monitor prices of essentials

REZAUL KARIM 2021-03-10 09:20:14

The government has assigned 28 teams to monitor and oversee the price trends of key essential items in the city markets, officials said. However, experts have expressed doubts about the desired outco...

No respite from onion price rise despite harvesting

No respite from onion price rise despite harvesting

FE REPORT 2021-03-10 08:43:32

Onion prices rose further in the last three days, augmenting the woes of the consumers. The increased prices hit hard especially the commoners who had already dug deep into their pockets to meet the...

RLNG hits record high production

RLNG hits record high production

FE REPORT 2021-03-10 08:33:49

Country's overall LNG (liquefied natural gas) re-gasification reached around 837 million cubic feet per day (mmcfd) on Monday, the highest-ever so far, as the government is importing a high volume of...

“If we train women entrepreneurs, we will be able to go further”

“If we train women entrepreneurs, we will be able to go further”

-- 2021-03-09 18:19:52

There are some shortcomings in the professional work of women entrepreneurs. If there are deficits, it will be difficult for women entrepreneurs to get loan facilities. That is why if we can train wom...

Unilever to exclude word 'normal' from beauty products

Unilever to exclude word 'normal' from beauty products

-- 2021-03-09 16:53:14

Dove soap maker Unilever will remove the word ‘normal’ from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its...

Panasonic to buy Blue Yonder for $6.5b in biggest deal since 2011

Panasonic to buy Blue Yonder for $6.5b in biggest deal since 2011

Reuters 2021-03-09 10:49:37

Panasonic Corp will buy US supply-chain software firm Blue Yonder for 700 billion yen ($6.45 billion), in the Japanese electronics firm’s biggest acquisition since 2011, the Nikkei reported on M...

Textile expo aims to connect local, international entrepreneurs

Textile expo aims to connect local, international entrepreneurs

FE REPORT 2021-03-09 09:18:27

A three-day virtual exposition of textile fabrics will begin on March 22, aiming to create a matchmaking platform for the local and international traders, thus helping boost the country's economy. Ti...

ONGC floats bid for contractors for Bangladesh's offshore wells

ONGC floats bid for contractors for Bangladesh's offshore wells

M AZIZUR RAHMAN 2021-03-09 08:50:01

Indian ONGC Videsh Ltd has floated tender to pick contractors to do the drilling of two exploratory wells in two separate offshore blocks in the Bay of Bengal. The oil-gas explorer would get Titly in...

Bangladesh's spectrum auction sets records

Bangladesh's spectrum auction sets records

FE REPORT 2021-03-09 08:41:10

The spectrum auction of the telecoms regulator has broken all previous records as two leading market players stayed in the bid until 81st round for a block. The Bangladesh Telecommunication Regulator...

First ever e-book launched on women’s contribution to Bangladesh’s insurance

First ever e-book launched on women’s contribution to Bangladesh’s insurance

FE ONLINE REPORT 2021-03-08 19:10:58

An insurance company has published a first-of-its-kind e-book to raise awareness about the career potential of women insurance agents and their contributions to the insurance industry. MetLife Bangl...

MFS providers ordered to stop ‘offensive ads’ targeting each other

MFS providers ordered to stop ‘offensive ads’ targeting each other

-- 2021-03-08 17:32:05

Bangladesh Bank has ordered the mobile financial service (MFS) providers not to conduct advertisement campaigns targeting each other with offensive content. The Payment Systems Department of the cent...

Nagad to develop 10 women entrepreneurs in each upazila

Nagad to develop 10 women entrepreneurs in each upazila

-- 2021-03-08 17:25:11

Aiming to accelerate the process of women's empowerment, Nagad, the digital financial service arm of Bangladesh Post Office has taken an initiative to recruit 10 women entrepreneurs in each upazila of...

Oil slips after hitting pandemic high above $70 after Saudi attack

Oil slips after hitting pandemic high above $70 after Saudi attack

Reuters 2021-03-08 17:09:56

Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the COVID-19 pandemic began after attacks on Saudi Arabian oil facilities. Yemen’s Houthi forces...

BTRC starts auctioning unused spectrum

BTRC starts auctioning unused spectrum

-- 2021-03-08 13:15:05

Bangladesh Telecommunication Regulatory Commission has started the process of auctioning the unused spectrum of two bands. The event began at Hotel InterContinental in Dhaka at 11 am with four mobile...

Bitcoin rises 4.2pc to $50,947.94

Bitcoin rises 4.2pc to $50,947.94

REUTERS 2021-03-08 09:47:28

A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec 8, 2017 — Reuters/Benoit Tessier/Illustration/File Photo Bitcoin rose 4.18 per cent to $50...