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The Financial Express

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Jobseekers fall prey to traffickers for lack of livelihoods supports

Jobseekers fall prey to traffickers for lack of livelihoods supports

FE Report 2021-02-02 10:27:53

A significant number of jobseekers are being trapped by human traffickers every year in the name of labour migration due to lack of livelihood programme at home, experts and activists said at a webi...

Five big importers likely to be asked to stabilise edible oil market

Five big importers likely to be asked to stabilise edible oil market

REZAUL KARIM 2021-02-02 10:03:34

The government has decided to request five big importers to keep the supply and price of edible oil stable especially during the upcoming Ramadan, officials said. It also decided to take necessary...

Advanced tax on sugar import lifted

Advanced tax on sugar import lifted

FE REPORT 2021-02-02 09:09:50

The National Board of Revenue has waived advance tax (AT) on the import of raw sugar to help stabilise the prices of the essential commodity ahead of Ramadan. From now on, the registered refiners wil...

Dhaka looks to join New Development Bank

Dhaka looks to join New Development Bank

FHM HUMAYAN KABIR 2021-02-02 08:35:12

Bangladesh is likely to join the successor of BRICS Bank, as finance minister AHM Mustafa Kamal sits with the bank's president today (Tuesday), officials said on Monday. They said Mr Kamal would seek...

DCCI president urges for SME act, redefining smaller enterprises   

DCCI president urges for SME act, redefining smaller enterprises  

FE ONLINE DESK   2021-02-01 19:26:00

The DCCI has said cottage, micro and small enterprises are deprived of loans and facilities under stimulus and other policy supports although 75 per cent Bangladeshi entrepreneurs are from smaller ent...

P&G joins PRAN Group

P&G joins PRAN Group

-- 2021-02-01 19:20:57

Procter & Gamble (P&G), one of the largest fast moving consumer goods (FMCG) companies across the globe, has entered into a manufacturing and supply arrangement with PRAN Group. PRAN has set-...

Central bank allows term loan facilities for small enterprises

Central bank allows term loan facilities for small enterprises

-- 2021-02-01 18:34:37

Bangladesh Bank (BB) has allowed term loan facilities for the cottage, micro and small (CMS) enterprises under the credit guarantee scheme. Earlier, the government has announced Tk 200.0 billion for...

Trade thru Benapole land port halted for two days

Trade thru Benapole land port halted for two days

-- 2021-02-01 15:15:50

Trade through Benapole port remained suspended for two days from Sunday (January 31) morning as an organisation of West Bengal's Petrapole land port went on a strike. The group-- Jeebon Jibika Bachao...

Bangladesh drafts guidelines for wind power projects

Bangladesh drafts guidelines for wind power projects

SYFUL ISLAM 2021-02-01 10:16:58

The government has unveiled draft guidelines for installation of onshore wind power plants as part of its efforts to enhance clean energy generation in the country, officials said. According to the g...

Bangladeshi apparel makers receive $5.0m in cash through settlement with Sears

Bangladeshi apparel makers receive $5.0m in cash through settlement with Sears

FE Online Report 2021-01-31 20:04:26

Thirty-two Bangladeshi apparel makers have received US$5.0 million so far in cash out of $41 million work orders from American buyer – Sears – through a settlement reached after a lawsuit,...

China's HNA units disclose embezzlements of nearly $10b

China's HNA units disclose embezzlements of nearly $10b

Reuters 2021-01-31 20:00:34

Three units of HNA, once China’s most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders, in disclosures to stock exchanges that come amid a government-led prob...

Bangladesh eyes an end to handset import by 2021

Bangladesh eyes an end to handset import by 2021

-- 2021-01-31 18:10:39

A dozen of factories are scaling up handset assembly operations in Bangladesh to meet the full demand of the country within this year. People involved with the mobile phone sector say Bangladesh will...

Biman to resume flights to Kathmandu on February 18

Biman to resume flights to Kathmandu on February 18

-- 2021-01-31 16:42:46

Biman Bangladesh Airlines will resume commercial passenger flights to Nepal on Feb 18 after a suspension of nine months due to the COVID-19 pandemic. The national flag carrier will operate two weekly...

Country's handicraft exports up almost 50pc in July-Dec

Country's handicraft exports up almost 50pc in July-Dec

SAIF UDDIN 2021-01-31 09:44:01

Despite the pandemic, the country's export earnings from the handicrafts sector logged a robust growth in the first half of the current fiscal year (FY) 2020-21 on the back of growing demand for envir...

Insurance density in Bangladesh rises sharply

Insurance density in Bangladesh rises sharply

JASIM UDDIN HAROON 2021-01-31 08:47:09

The insurance density in the country has increased sharply, but its penetration remains stagnant, according to the industry's regulator. Insurance density has surged to US$10.3 per person (overall)...

Apparel units owners under ACC scanners for allegedly laundering $7.53b

Apparel units owners under ACC scanners for allegedly laundering $7.53b

FE REPORT 2021-01-31 08:41:57

The Anti-Corruption Commission (ACC) has launched an investigation into an allegation of money laundering by a section of apparel unit owners using fake documents against exports and imports. It woul...

Bproperty signs deal with IPDC Finance  to do price valuation, legal validation

Bproperty signs deal with IPDC Finance to do price valuation, legal validation

-- 2021-01-30 19:52:32

Bproperty signed an agreement with IPDC Finance recently to do price valuation and legal validation of mortgaged properties of the latter. Besides, IPDC Finance, under the agreement, will offer lower...

India urged not to tighten foreign e-commerce rules

India urged not to tighten foreign e-commerce rules

Reuters 2021-01-30 19:39:51

A US lobby group which represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again, according to a letter seen by Reuters....

'Papa Musk' lures investors

'Papa Musk' lures investors

-- 2021-01-30 13:37:10

A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14 per cent jump in the cryptocurrency on Friday, the latest in a series of market moves triggered by comments on his so...

Decision on whether to ban poultry imports from India likely Monday

Decision on whether to ban poultry imports from India likely Monday

REZAUL KARIM 2021-01-30 11:32:51

The commerce ministry will sit on Monday to decide on the proposed ban on the import of poultry items from neighbouring countries including India to help protect the local poultry industry from bird f...

Healthcare Pharma to invest $423m at Bangabandhu Shilpa Nagar

Healthcare Pharma to invest $423m at Bangabandhu Shilpa Nagar

FE REPORT 2021-01-30 11:26:01

The Healthcare Pharmaceuticals Limited (HPL) is set to invest $423.78 million to establish an industrial unit at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) for manufacturing medical products....

US lobby group urges India not to tighten foreign e-commerce rules

US lobby group urges India not to tighten foreign e-commerce rules

Reuters 2021-01-29 21:50:15

A US lobby group which represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again, according to a letter seen by Reuters....

Mastercard sees near-term rebound in travel

Mastercard sees near-term rebound in travel

-- 2021-01-29 12:38:13

Mastercard Inc has signaled a near-term rebound in business as it expects an uptick in travel due to easing lockdowns and improved Covid-19 vaccination efforts, after the credit-card giant beat estima...

Toyota beats Volkswagen to become world's number one 2020 car seller

Toyota beats Volkswagen to become world's number one 2020 car seller

Reuters 2021-01-29 10:23:16

Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as t...

Coal-fired power plants' update yet to be readied despite PM's decision

Coal-fired power plants' update yet to be readied despite PM's decision

FE REPORT 2021-01-29 09:40:15

The Power Division has not yet tabled detailed documents on latest status of the country's all 23 coal-fired power plant projects to the Prime Minister (PM) to fix the fate of under-construction and p...

Feasibility of a 10-km bridge to link Barishal with Bhola to be studied

Feasibility of a 10-km bridge to link Barishal with Bhola to be studied

MUNIMA SULTANA 2021-01-29 09:21:29

The Bangladesh Bridges Authority (BBA) has planned to do a further feasibility study on the country's proposed longest bridge on the Tentulia in Barisal division. A cabinet committee has not accepted...

Rice prices rise again, sugar, too, gets dearer

Rice prices rise again, sugar, too, gets dearer

FE REPORT 2021-01-29 09:14:51

Rice and sugar prices showed a hike last week increasing the sufferings of the consumers, especially the low-income segment of the society. Prices of coarse and medium qualities of rice, which witnes...

LNG supply delay worsens Bangladesh's gas crunch

LNG supply delay worsens Bangladesh's gas crunch

M AZIZUR RAHMAN 2021-01-29 08:49:42

A scheduled liquefied natural gas (LNG) shipment failure of Oman Trading International (OTI) aggravated the winter-time crisis of natural gas supply across the country over the past couple of weeks....

Millers asked to keep edible oil supply orders at check

Millers asked to keep edible oil supply orders at check

REZAUL KARIM 2021-01-28 10:49:00

A government agency has recommended measures to regulate the issuance of supply orders to help stabilise edible oil prices. The millers usually issue orders beyond their production capacity, which ha...

Apple now world's biggest smartphone seller

Apple now world's biggest smartphone seller

Reuters 2021-01-28 10:21:44

Apple cornered nearly a quarter of the global smartphone market in the fourth quarter, making it the world’s biggest seller, while shipments for Huawei plunged as US sanctions against it took ef...