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China aluminium sector must shut inefficient coal power: Report

China aluminium sector must shut inefficient coal power: Report

Reuters 2021-02-08 11:24:43

China’s aluminium sector must shut dedicated power capacity equivalent to more than Germany’s entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, cl...

Rolls-Royce plans two-week shutdown of civil aerospace business

Rolls-Royce plans two-week shutdown of civil aerospace business

-- 2021-02-08 09:49:31

Britain’s Rolls-Royce said on Sunday it is proposing a two week operational shutdown of its civil aerospace unit over the summer as it manages costs due to the impact of the Covid-19 pandemic....

Bangladesh can produce 0.12m tonnes corn oil a year: Researchers

Bangladesh can produce 0.12m tonnes corn oil a year: Researchers

FE REPORT 2021-02-08 09:28:46

Agriculture Minister Dr M Abdur Razzaque has said Bangladesh has a great potential to produce corn oil, which could help the country reduce its dependence on edible oil import. The minister said this...

Hi-tech bike import process relaxed

Hi-tech bike import process relaxed

FE REPORT 2021-02-08 09:23:19

The National Board of Revenue (NBR) has amended the definition of CKD motorcycles to ease the import process of hi-tech bikes. Customs wing of the board has issued an order, dated January 28, 2021,...

Experts recommend Bangladesh's use of global LNG glut

Experts recommend Bangladesh's use of global LNG glut

FE REPORT 2021-02-08 09:01:31

The world is passing a golden age of natural gas, and countries like Bangladesh can make the best use of global LNG (liquefied natural gas) surplus to further make electricity generation and distrib...

bKash becomes Bangladesh’s first PCI DSS certified MFS provider

bKash becomes Bangladesh’s first PCI DSS certified MFS provider

-- 2021-02-07 22:38:03

The country's biggest mobile financial service (MFS) provider bKash has achieved a distinct benchmark of compliance for maintaining a high level of data security of the customers. The company has bec...

Exports from UK to EU down 68pc since Brexit trade deal

Exports from UK to EU down 68pc since Brexit trade deal

Reuters 2021-02-07 21:27:40

Exports from Britain to the European Union fell by 68 per cent in January as trade was disrupted after the end of a transition period following Britain’s departure from the European Union, accor...

China releases new anti-monopoly rules aiming at its tech giants

China releases new anti-monopoly rules aiming at its tech giants

Reuters 2021-02-07 19:29:43

China’s market regulator issued new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech giants. The new rules...

Forum gets Shamsuddin as panel leader

Forum gets Shamsuddin as panel leader

FE Online Report 2021-02-07 18:01:22

ABM Shamsuddin, chairman of Hannan group, has formally been announced as the panel leader of Forum, a panel of the country's garment makers. The announcement was made on Saturday at an event held at...

Rahel Ahmed joins Nagad as CEO

Rahel Ahmed joins Nagad as CEO

FE ONLINE REPORT 2021-02-07 17:31:43

Rahel Ahmed has joined Nagad, the digital financial service arm of the Bangladesh Post Office, as the Chief Executive Officer (CEO). Prior to joining NAGAD, Ahmed was the managing director and the C...

Bankers' Club inaugurates new building

Bankers' Club inaugurates new building

-- 2021-02-07 17:26:29

The Bankers' Club of Bangladesh (BCBL) inaugurated a new four-storey building in the capital's Uttara area on Saturday, says a press release. Chairman of the Association of Bankers, Bangladesh (ABB)...

Dhaka International Trade Fair won’t begin on Mar 17

Dhaka International Trade Fair won’t begin on Mar 17

-- 2021-02-07 16:27:11

The 26th edition of the Dhaka International Trade Fair will not begin on Mar 17 as originally planned even though the preparations have been made to stage the event at the Bangladesh-China Friendship...

Amazon orders hundreds of trucks that run on natural gas

Amazon orders hundreds of trucks that run on natural gas

-- 2021-02-07 10:27:35

Amazon.com Inc has ordered hundreds of trucks that run on compressed natural gas (CNG) as it tests ways to shift its US fleet away from heavier polluting trucks, the company said on Friday. The coron...

Women entrepreneurs deserve inclusion in recovery strategies

Women entrepreneurs deserve inclusion in recovery strategies

FE REPORT 2021-02-07 10:14:38

Despite challenges, women entrepreneurs continue to contribute to the national economy through their patience, creativity and hard work. It is thus essential to include them while framing strategies...

Bangladesh set to ratify ILO's minimum age convention for duty-free EU access

Bangladesh set to ratify ILO's minimum age convention for duty-free EU access

DOULOT AKTER MALA 2021-02-07 10:00:42

Bangladesh has initiated to ratify the International Labour Organisation's minimum age convention for admission into employment with intent to secure its duty-free market access to the European Union...

Dhaka-Bhanga 'expressway' toll may be fixed at Tk 2.0 per km

Dhaka-Bhanga 'expressway' toll may be fixed at Tk 2.0 per km

MUNIMA SULTANA 2021-02-07 09:43:51

The toll for the country's first expressway is likely to be Tk 2.0 per kilometre, the same rate of using the national highways, until inauguration of the Padma Bridge, sources said. They said the 55-...

China's delay in funding railway project raises alarm

China's delay in funding railway project raises alarm

MIR MOSTAFIZUR RAHAMAN 2021-02-07 09:36:33

The delay in evaluation of a loan amounting to Tk 142.50 billion (14,250.61 crore) project to be funded by China has raised concern among the authorities. The loan proposal for the project titled '...

Oil hits highest in a year on growth hopes

Oil hits highest in a year on growth hopes

-- 2021-02-06 11:23:42

Oil prices rose about 1.0 per cent on Friday, after hitting their highest in a year and closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its...

The bank meant for serving migrants starts providing loans to general clients

The bank meant for serving migrants starts providing loans to general clients

ARAFAT ARA 2021-02-06 10:55:10

Probashi Kallyan Bank (PKB) is set to provide loans to general clients by this month with a view to expanding its service as a scheduled bank. Officials said one can take out a loan of highest Tk 2.0...

Bangladesh's import policy revision plays part in global rice price hike: FAO

Bangladesh's import policy revision plays part in global rice price hike: FAO

-- 2021-02-06 10:47:20

Global rice prices hit a seven-month high in January 2021 in which Bangladesh's import policy revision, among others, also played a role, according to the latest report of Food and Agricultural Organi...

Insurers hail move to axe commission in non-life companies

Insurers hail move to axe commission in non-life companies

FE REPORT 2021-02-06 10:45:30

Insurance industry insiders have hailed abolishing commission system in non-life business procurement by the regulator, saying it will strengthen financial health of the insurance companies. As a p...

101 consumers win NBR's January lottery

101 consumers win NBR's January lottery

FE REPORT 2021-02-06 09:55:48

A total of 101 consumers on Friday scooped Tk 1.22 million on the lottery of electronic fiscal device (EFD) invoices they got after purchases this January. The National Board of Revenue (NBR) introdu...

Bangladesh reviewing twin Indian proposals on anti-dumping duty

Bangladesh reviewing twin Indian proposals on anti-dumping duty

SYFUL ISLAM 2021-02-06 09:42:33

Bangladesh is now weighing two Indian proposals for either providing 'price undertaking' or stopping subsidies in order to get anti-dumping duty on jute goods withdrawn, officials say. Price undert...

Aarong opens multi-brand outlet in Tejgaon

Aarong opens multi-brand outlet in Tejgaon

-- 2021-02-05 19:09:01

Aarong, a lifestyle retail chain of the country, inaugurated a new multi-brand outlet in Tejgaon area of Dhaka on Friday. Managing Director of BRAC social enterprises Tamara Hasan Abed inaugurated th...

McKinsey to pay $600m to settle with US states over opioid crisis role

McKinsey to pay $600m to settle with US states over opioid crisis role

-- 2021-02-05 14:42:31

Consulting firm McKinsey & Company on Thursday said it has agreed to pay nearly $600 million to resolve investigations by most US states into its alleged role in “turbocharging” sales...

Onion, chicken became dearer

Onion, chicken became dearer

FE REPORT 2021-02-05 10:40:25

Prices of Atta, chicken, onion, garlic, and lemon witnessed a hike last week battering the consumers further. Packet Atta (coarse wheat flour) prices were raised by Tk 2.0 a kg by leading companies i...

BSTI brings 43 new items under licensing

BSTI brings 43 new items under licensing

FE Report 2021-02-05 10:36:17

Bangladesh Standards and Testing Institution (BSTI) has brought some 43 new products under mandatory licencing to ensure availability of quality products in the market. The firms will have to put BST...

NBR holds lottery today to incentivise device users

NBR holds lottery today to incentivise device users

FE REPORT 2021-02-05 09:54:05

The National Board of Revenue (NBR) has offered tax waiver of prize money of the electronic fiscal device lottery winners. The income tax wing of the board issued an order on Tuesday by waiving 20 pe...

Sanofi staffers to start hunger unto death demanding compensation

Sanofi staffers to start hunger unto death demanding compensation

FE REPORT 2021-02-05 08:46:34

Demanding compensation, employees of Sanofi Bangladesh have decided to go on fast-unto-death from tomorrow (Saturday), although the management terms it "illogical." The announcement for protest came...

CVC Finance signs MoU with Dotlines to build alternate delivery channels

CVC Finance signs MoU with Dotlines to build alternate delivery channels

-- 2021-02-04 17:21:52

CVC Finance and Dotlines Bangladesh Limited joined hands on Thursday by signing a MoU to develop alternate delivery channels for the products of CVC Finance, according to a statement. This partnershi...