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Jack Ma makes first live appearance since October in online meet

Jack Ma makes first live appearance since October in online meet

REUTERS 2021-01-20 12:55:23

Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, triggering a sharp jump in the H...

Power system overcapacity in Bangladesh is getting worse, says IEEFA

Power system overcapacity in Bangladesh is getting worse, says IEEFA

FE ONLINE DESK 2021-01-20 11:02:58

Overcapacity in Bangladesh’s power system has worsened and also threatens to deteriorate in near future, according to the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesd...

Ramadan essential prices to be discussed soon

Ramadan essential prices to be discussed soon

REZAUL KARIM 2021-01-20 09:33:58

The government is going for stocktaking of supplies and prices as part of its advance planning to keep the prices of essentials under control during Ramadan. Under the initiative, the government au...

Ministry seeks opinion on likely ban on poultry imports from India

Ministry seeks opinion on likely ban on poultry imports from India

FE REPORT 2021-01-20 09:16:40

Commerce ministry has sought opinion from livestock department regarding a proposed ban on the import of poultry items, officials said. On Tuesday, fisheries and livestock ministry in a letter aske...

RMG exports to one-third of EU states rise in July-Dec

RMG exports to one-third of EU states rise in July-Dec

MONIRA MUNNI 2021-01-20 09:07:08

Bangladesh's apparel exports to one third of the 27 European countries, including Germany, the Netherlands and Poland, increased in the first half of fiscal year (FY) 2020-21 amid Covid-19. Denmark...

RNPP getting nuclear power plant equipment from Russia

RNPP getting nuclear power plant equipment from Russia

UNB 2021-01-19 21:36:44

The Volgodonsk Branch of JSC "AEM-technology" (part of the machine-building division of Rosatom - "Atomenergomash") manufactured and shipped the internals of the nuclear reactor for the first power un...

BB further eases accessing overseas loans by foreign companies

BB further eases accessing overseas loans by foreign companies

-- 2021-01-19 20:26:02

Bangladesh Bank (BB) has brought further flexibility for foreign-owned companies operating in Bangladesh in accessing loans from their parent companies and shareholders. According to a circular issue...

India considers foreign investment rule changes that could hit Amazon

India considers foreign investment rule changes that could hit Amazon

-- 2021-01-19 18:00:27

India is planning revising its foreign investment rules for e-commerce,  a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers, reports Reu...

Emirates announces special fares from Bangladesh

Emirates announces special fares from Bangladesh

FE Online Desk 2021-01-19 16:07:54

Emirates has launched its much-awaited global sale to inspire and encourage travellers to reconnect with family and friends or explore new destinations in the New Year. To avail the special fares, bo...

Asia's apparel powerhouses push for better buying practice

Asia's apparel powerhouses push for better buying practice

Monira Munni 2021-01-19 08:48:55

Six major Asian garment producing countries have partnered to reach a common position over buyers' purchasing practices, especially payment and delivery terms, industry people said. On January 12, ni...

US-Bangla's daily Dhaka-Dubai-Dhaka flight from Feb 1

US-Bangla's daily Dhaka-Dubai-Dhaka flight from Feb 1

-- 2021-01-18 20:19:00

US-Bangla, the largest private airline in Bangladesh, is going to start flights from February 1, 2021 to Dubai. US-Bangla will operate seven flights in a week from Dhaka to Dubai. Initially seven fli...

Premier Bank achieves second position in collecting Dhaka Wasa bill

Premier Bank achieves second position in collecting Dhaka Wasa bill

-- 2021-01-18 16:58:15

The Premier Bank Limited achieved second position amongst 34 banks and three Mobile Financial Services (MFS) for collecting Dhaka Wasa’s bill in the financial year 2019-2020. M Reazul Karim, FC...

Minister eyes Bangladeshi agri-products in German market

Minister eyes Bangladeshi agri-products in German market

FE ONLINE REPORT 2021-01-18 15:45:29

Bangladeshi high-value crops such as fruits and vegetables have potentials to grab markets in Germany and other EU countries, said Agriculture Minister Dr Muhammad Abdur Razzaque on Thursday. The min...

Buyers bargain with garment makers, BGMEA with govt for Covid concession   

Buyers bargain with garment makers, BGMEA with govt for Covid concession  

MONIRA MUNNI 2021-01-18 14:45:14

The apex body of the apparel makers has once again sought extension of repayment periods of loan packages in view of uncertainties caused by the 'second wave' of the pandemic. Industry people have sa...

Midland Bank signs MoU with ACE Advisory

Midland Bank signs MoU with ACE Advisory

FE Online Desk 2021-01-18 13:10:47

Midland Bank Limited signed a Memorandum of Understanding (MoU) with ACE Advisory at the corporate head office of the Bank in Dhaka on Sunday, says a press release received today. Under the...

Samsung's Lee receives two and a half years for bribery

Samsung's Lee receives two and a half years for bribery

REUTERS 2021-01-18 12:04:51

A South Korean court sentenced Samsung Electronics vice chairman Jay Y Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the te...

Amazon faces backlash from India's BJP lawmakers

Amazon faces backlash from India's BJP lawmakers

Reuters 2021-01-18 10:27:12

A local official from India’s ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threaten...

Tk 3.12b tourism projects see slow execution

Tk 3.12b tourism projects see slow execution

FE REPORT 2021-01-18 09:29:44

Bangladesh Parjatan Corporation (BPC) has been implementing nine projects worth Tk 3.12 billion in different parts of the country by extending the project duration two to three times. BPC undertook a...

NBR plans chemical testing units at 14 land ports

NBR plans chemical testing units at 14 land ports

FE REPORT 2021-01-18 08:36:20

The National Board of Revenue (NBR) has started its function to install chemical testing units in 14 land customs houses (land ports). Among the 14 units, nine will be installed with the aid of the A...

Dhaka slaps ban on poultry import to stop bird flu

Dhaka slaps ban on poultry import to stop bird flu

SYFUL ISLAM AND REZAUL KARIM 2021-01-18 08:21:47

Amid serious concerns over bird flu outbreak in India, Bangladesh is set to ban import of any poultry item in the country. The office of the chief controller of imports and exports is expected to iss...

Globe Biotech applies for approval to run clinical trial of Covid vaccine

Globe Biotech applies for approval to run clinical trial of Covid vaccine

-- 2021-01-17 17:21:45

Bangladeshi drugmaker Globe Biotech Limited has applied for approval to begin clinical trials of its COVID-19 vaccine candidate 'Bangavax'. It submitted the ethical clearance application to Banglades...

Bangladesh set to lose Tk 6.0b due to China's ban on exports of eel, crab

Bangladesh set to lose Tk 6.0b due to China's ban on exports of eel, crab

FE REPORT 2021-01-17 13:47:06

Bangladesh is set to lose Tk 6.0 billion in export revenue as export of live crab and eel fish to China has remained halted for more than six months, industry insiders said. Bangladesh Live and Chi...

BRTA to amend law for registration of electric vehicles

BRTA to amend law for registration of electric vehicles

MUNIMA SULTANA 2021-01-17 10:42:14

Bangladesh Road Transport Authority (BRTA) has taken a move to amend the rules of the now-defunct Motor Vehicle Ordinance (MVO) by incorporating a provision in it for the registration of electric vehi...

Central banker rails against delinquent audit firms

Central banker rails against delinquent audit firms

FE REPORT 2021-01-17 09:07:47

A central bank deputy governor Saturday heavily criticised the country's audit firms for not performing their due responsibility while auditing banks. "I haven't seen one single instance where an aud...

Taxmen to access international databases to detect transfer pricing by MNCs

Taxmen to access international databases to detect transfer pricing by MNCs

DOULOT AKTER MALA 2021-01-17 08:54:03

The tax authority has moved to access international databases to detect transfer of royalties, interest and other sources of income by the multinational companies (MNCs) officials said. They said the...

Poultry sector suffers as pandemic pushes up poverty

Poultry sector suffers as pandemic pushes up poverty

FHM HUMAYAN KABIR 2021-01-17 08:34:16

Bangladesh's poultry industry has been hit hard by the Covid-19 pandemic as it has already incurred a loss of Tk 70 billion, industry insiders said on Saturday. The industry has been struggling with...

WhatsApp to delay launch of update business features after privacy backlash

WhatsApp to delay launch of update business features after privacy backlash

-- 2021-01-16 21:25:47

Facebook Inc’s WhatsApp is delaying an update aimed at increasing business transactions on the platform after a storm of concern from users who feared that the messaging platform was watering do...

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Reuters 2021-01-16 19:35:21

Bangladesh will step up wheat purchases from Ukraine to make up for any shortfall in supplies from Russia which has announced plans to impose a higher export tax on the grain from March 1, a senior Dh...

Crown Cement organises family night event

Crown Cement organises family night event

-- 2021-01-16 18:28:54

MI Cement Factory Limited (Crown Cement) organised a two-day programme styled “Crown Family Night” for its top 50 channel partners and their families at BRAC CDM in Gazipur recently, accor...

Minimum monthly wages of RMG workers  should be increased: H&M

Minimum monthly wages of RMG workers  should be increased: H&M

FE Online Report 2021-01-16 17:14:06

The minimum monthly wages of the country’s readymade garment (RMG) workers is still the lowest which should be increased further, said a top official of H&M on Saturday. The Swedish retaile...