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The Financial Express

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Economics Circle’s first webinar on Friday

Economics Circle’s first webinar on Friday

FE ONLINE DESK 2021-02-04 13:37:17

Economics Circle, a web-based platform, is launching its first-ever webinar titled 'COVID-19 Stimulus Packages: Have We Done Alright?' on Friday at 7:00pm. The country’s leading financial daily...

Bank of America triples affordable housing commitment

Bank of America triples affordable housing commitment

-- 2021-02-04 11:36:45

Bank of America Corp has said that it would invest $15 billion in affordable housing initiatives over the next five years, tripling its commitment as a booming mortgage market caused it to hit its pri...

Ant Group reaches deal with China regulators on restructuring

Ant Group reaches deal with China regulators on restructuring

-- 2021-02-04 11:18:55

Ant Group Co has agreed a restructuring plan with Chinese regulators under which the fintech giant will become a financial holding company, a person with direct knowledge of the matter said, potential...

48 businesses fined for violating consumer rights

48 businesses fined for violating consumer rights

FE Report 2021-02-04 10:07:56

Directorate of National Consumer Rights Protection (DNCRP) officials on Tuesday fined 48 businesses in 17 districts Tk 0.448 million for violating consumer rights. Among the businesses, several eater...

JICA to assist in capacity building for food safety

JICA to assist in capacity building for food safety

FE REPORT 2021-02-04 09:58:17

The government signed a deal on Wednesday with Japan International Co-operation Agency (JICA) for capacity building of Bangladesh Food Safety Authority (BFSA). BFSA and JICA signed the agreement fo...

Bangladesh won't ban import of poultry items now

Bangladesh won't ban import of poultry items now

FE REPORT 2021-02-04 09:57:54

The government has decided not to impose any immediate ban on import of poultry products as proposed by different state agencies concerned to prevent possible spread of bird flu in the country, offici...

Petrobangla seeks support to make up for bills inclusive of LNG imports

Petrobangla seeks support to make up for bills inclusive of LNG imports

M AZIZUR RAHMAN 2021-02-04 09:53:12

Petrobangla has sought fiscal support worth around Tk 23 billion to foot ballooning bills, including purchase of LNG (liquefied natural gas) during the first half of the current fiscal year. The stat...

Bangladesh-Japan joint platform meeting on February 24

Bangladesh-Japan joint platform meeting on February 24

Munima Sultana 2021-02-04 09:50:08

The joint platform meeting of Bangladesh and Japan is scheduled to be held virtually on February 24, nearly after two years, according to sources. The meeting is expected to focus on possible Japan...

Rice farming turns losing venture for Bangladesh peasantry

Rice farming turns losing venture for Bangladesh peasantry

YASIR WARDAD 2021-02-04 09:38:14

Rice production has largely become a losing agro-venture for the country's peasantry for the past two and a half decades, according to a latest official study. Real effective prices of both paddy and...

31 entities named for Productivity Award

31 entities named for Productivity Award

FE REPORT 2021-02-04 08:46:00

The government has selected 31 industries and services-oriented organisations for National Productivity and Quality Excellent Award-2019 for their outstanding contribution to productivity, job creatio...

Apparel trade group readying exit policy for Covid-hit units

Apparel trade group readying exit policy for Covid-hit units

DOULOT AKTER MALA 2021-02-04 08:30:09

The apparel trade group has moved to develop insolvency or exit policy framework in order to salvage the industry battered by the pandemic. The objective of the framework is to detect early and resol...

Tencent terminates 100 employees, blacklists 37 firms

Tencent terminates 100 employees, blacklists 37 firms

Reuters 2021-02-03 20:02:13

Tencent Holdings Ltd on Wednesday named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents. Tencent, China’s...

Cabinet committee rejects proposal to import rice from Myanmar

Cabinet committee rejects proposal to import rice from Myanmar

-- 2021-02-03 18:46:45

The government has turned down a proposal to import 100,000 metric tonnes of rice from Myanmar due to the current situation in the neighbouring nation. The Cabinet Committee on Public Purchase, the h...

United Hospital highlights importance of cancer screening

United Hospital highlights importance of cancer screening

-- 2021-02-03 18:03:11

United Hospital's Cancer Center underscored the importance of cancer screening in a patient forum on Wednesday. The forum was organised on the theme ‘Cancer Screening and Awareness - Let it sta...

Bezos to step down as CEO, give Amazon reins to cloud boss Jassy

Bezos to step down as CEO, give Amazon reins to cloud boss Jassy

Reuters 2021-02-03 12:16:11

Amazon.com founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of the company’s transformatio...

Amazon scores Indian win

Amazon scores Indian win

-- 2021-02-03 11:28:24

An Indian court blocked Future Group’s sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the $3.4 billion deal, in a battle of the retail titan...

Amazon to pay $61.7m to settle charges it stole driver tips

Amazon to pay $61.7m to settle charges it stole driver tips

-- 2021-02-03 11:14:41

Amazon.com Inc agreed to pay more than $61.7 million to settle allegations it cheated Amazon Flex drivers out of nearly one-third of tips from customers for more than two years, the Federal Trade Comm...

Pfizer expects $15b in 2021 sales from its Covid-19 vaccine

Pfizer expects $15b in 2021 sales from its Covid-19 vaccine

-- 2021-02-03 11:09:18

Pfizer Inc said on Tuesday it expects to generate $15 billion, or about a quarter of its total revenue this year, from sales of its Covid-19 vaccine co-developed with German partner BioNTech SE. Sale...

Biometric ID card move for BGMEA polls faces opposition

Biometric ID card move for BGMEA polls faces opposition

FE REPORT 2021-02-03 10:51:22

The apex apparel trade body BGMEA's move to introduce members' biometric identity card for voting in the upcoming elections is facing a setback as a section of members have opposed the decision, so...

Textile millers write to Bangladesh Bank about payment delay

Textile millers write to Bangladesh Bank about payment delay

MONIRA MUNNI 2021-02-03 10:36:36

Textile millers are allegedly facing delay and not getting their payment duly against sale of raw materials to local garment exporters under back-to-back letters of credit (L/Cs). Ready-made garment...

NDB boss to consider Bangladesh's 1.0pc stake

NDB boss to consider Bangladesh's 1.0pc stake

FE Report 2021-02-03 10:32:42

President of the Shanghai-based New Development Bank (NDB) Omarcos Troyjo on Tuesday assured Bangladesh of considering its desire to get 1.0 per cent stake in the bank, a Ministry of Finance (MoF) off...

Tesla to recall 135,000 US vehicles on safety ground

Tesla to recall 135,000 US vehicles on safety ground

Reuters 2021-02-03 10:28:49

Tesla has agreed to recall 134,951 Model S and Model X vehicles with touchscreen displays that could fail and raise the risk of a crash after US auto safety regulators sought the recall last month, ac...

Bangladesh to seek quick fix of customs rules during Modi's visit

Bangladesh to seek quick fix of customs rules during Modi's visit

SYFUL ISLAM 2021-02-03 08:44:47

Bangladesh has moved to raise the complications over the new Indian Customs Rules at highest level, preferably during Narendra Modi's Dhaka visit next month, sources said. Before that, the issue will...

Evaly gets Tarikul as chief operating officer

Evaly gets Tarikul as chief operating officer

-- 2021-02-02 21:12:50

HM Tarikul Kamrul has joined Evaly as its chief operating officer (COO), says a release. Tarikul has an outstanding 17 years of working experience at renowned MNCs and in large conglomerates. Prior t...

India announces scheme to counter Bangladesh, Vietnam in textile market

India announces scheme to counter Bangladesh, Vietnam in textile market

-- 2021-02-02 18:15:24

India has announced a plan to set up announced a scheme of Mega Investment Textiles Parks (MITRA) to counter Bangladesh and Vietnam in the global textile market. Indian Finance Minister Nirmala Sitha...

Turkey keen to invest in Bangladesh’s potential sectors, envoy tells DCCI President

Turkey keen to invest in Bangladesh’s potential sectors, envoy tells DCCI President

FE Online Report 2021-02-02 18:10:49

Turkish companies are keen to invest in some of Bangladesh’s potential sectors, namely agro-industry, light engineering, pharmaceuticals, ICT, shipbuilding, energy and household appliances. Amb...

Chartered Life Insurance arranges Awards Night 2020

Chartered Life Insurance arranges Awards Night 2020

-- 2021-02-02 17:51:52

Chartered Life Insurance Company recently celebrated its “Awards Night 2020” at the Westin Dhaka, according to a statement.  Among many festivities, the company launched their mobile...

MetLife launches Mujib Corner

MetLife launches Mujib Corner

FE ONLINE DESK 2021-02-02 14:11:08

MetLife Bangladesh has recently launched Mujib Corner at its head office in Dhaka’s Motijheel, commemorating the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Muji...

China’s state media drops Jack Ma from list of entrepreneurial leaders

China’s state media drops Jack Ma from list of entrepreneurial leaders

REUTERS 2021-02-02 12:46:53

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how just far he has fallen out of favour with Beijing. China...

Banglalink partners with Google to facilitate youth employment

Banglalink partners with Google to facilitate youth employment

FE REPORT 2021-02-02 10:33:25

Banglalink, one of the leading digital communications service providers in the country, has entered into a strategic partnership with Google to facilitate youth employment in the country. Erik Aas,...