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The Financial Express

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43 pc female garment workers suffering from malnutrition

43 pc female garment workers suffering from malnutrition

-- 2021-01-06 13:45:59

About 43 per cent female workers at the ready-made garments (RMG) sector are victims of malnutrition, speakers have said in a programme. They said in the function on Tuesday that a large number of wo...

EBL, Unilever ink Supply Chain Financing deal

EBL, Unilever ink Supply Chain Financing deal

FE Online Desk 2021-01-06 12:51:38

Unilever Bangladesh Ltd has signed a deal with Eastern Bank Ltd (EBL) for easy financing of their product dealers. EBL, through their Online Supply Chain Financing Platform, will facilitate easy and...

Bitcoin could lift price to $146,000, says JPMorgan

Bitcoin could lift price to $146,000, says JPMorgan

-- 2021-01-06 11:47:11

Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset, investment bank JPMorgan (JPM) said on Tuesday. Interest i...

StanChart joins hands with BIDA to lure foreign investments

StanChart joins hands with BIDA to lure foreign investments

FE REPORT 2021-01-06 10:32:15

The Bangladesh Investment Development Authority (BIDA) and the Standard Chartered Bangladesh (SCB) have joined hands in a bid to attract more foreign investments in the country. The partnership, as...

Jobless, deported migrants need protection, says parliamentary group

Jobless, deported migrants need protection, says parliamentary group

FE REPORT 2021-01-06 10:28:15

Speakers during a webinar have called for protecting rights of the pandemic-hit migrant workers who have fallen victim to job cuts and forced repatriations. They suggested raising rights issues of...

Jewelers raise gold prices in Bangladesh market

Jewelers raise gold prices in Bangladesh market

FE Report 2021-01-06 08:44:49

Local jewelers on Tuesday revised gold prices upward to adjust with the change in the international market. Hallmark 22-carat gold will be sold for Tk 6,400 per gram, which is Tk 170 up from Tk 6,2...

Bangladesh sheds LDC tag by February, FM tells business conclave

Bangladesh sheds LDC tag by February, FM tells business conclave

FE Report 2021-01-06 08:36:38

Terming Bangladesh 'a development miracle', Foreign Minister A K Abdul Momen on Tuesday said the country is set to emerge from the group of LDCs (least developed countries) by the end of next month...

29 companies allowed to import 0.33m tonnes of rice to contain price spiraling

29 companies allowed to import 0.33m tonnes of rice to contain price spiraling

FE REPORT 2021-01-06 08:26:10

The government has allowed some 29 private companies to import a total of 0.33 million tonnes of rice aiming to boost its supply in the local market and contain its rising prices, officials said. Giv...

DCCI business conclave inaugurated to connect global entrepreneurs

DCCI business conclave inaugurated to connect global entrepreneurs

FE Online Report 2021-01-05 18:59:13

Dhaka now emphasises economic diplomacy to pursue Bangladesh’s economic interests abroad including market access and securing foreign direct investment. Foreign Minister AK Abdul Momen said thi...

Bangladesh-China summit to take place on Jan 25

Bangladesh-China summit to take place on Jan 25

FE ONLINE REPORT 2021-01-05 17:45:09

A virtual Bangladesh-China investment summit will take place on January 25 aiming to help boost the bilateral trade relations between the two countries. The summit will be jointly organised by the Ba...

Workers of foreign-owned RMG factory  seek PM’s intervention to get arrears

Workers of foreign-owned RMG factory seek PM’s intervention to get arrears

FE Online Report 2021-01-05 17:39:11

Employees and workers of a foreign-owned garment factory at Savar EPZ on Tuesday sought the intervention by Prime Minister Sheikh Hasina to get their arrears for one year. The RMG workers under the b...

Google workers form union eyeing more protests over working conditions

Google workers form union eyeing more protests over working conditions

-- 2021-01-05 16:53:37

More than 200 workers at Google and other Alphabet Inc units on Monday formed a labour union for US and Canadian offices, building on years of protests over working conditions and business practices b...

How shoe mugol Steve Madden gets life back on track

How shoe mugol Steve Madden gets life back on track

REUTERS 2021-01-05 16:21:22

Steve Madden, founder and design chief of a multibillion-dollar eponymous shoe brand, knows something about being sanguine in a tough situation. In 2002, Madden was convicted of stock manipulation, m...

Banks asked to comply with BB order over enlistment of insurers

Banks asked to comply with BB order over enlistment of insurers

FE REPORT 2021-01-05 13:44:48

The central bank of Bangladesh on Monday issued two key separate circulars on the enlistment of non-life private insurance firms with commercial banks by maintaining credit ratings and submission of a...

Unviable projects yet to be dropped from PPPA list

Unviable projects yet to be dropped from PPPA list

MUNIMA SULTANA 2021-01-05 13:10:39

The Public-Private Partnership Authority (PPPA) is yet to drop non-progressive projects from its pipeline for a lack of initiatives by the agencies concerned. A second review meeting at PPPA office o...

Frozen fish exporters seek 20 per cent cash incentive

Frozen fish exporters seek 20 per cent cash incentive

Arafat Ara 2021-01-05 12:59:21

The country's frozen fish exporters have sought 20 per cent cash incentive on their export earnings as the sector is going through a critical time due to the coronavirus pandemic. To this effect, t...

First-ever public hearing to settle LPG price next week

First-ever public hearing to settle LPG price next week

M AZIZUR RAHMAN 2021-01-05 12:52:59

The first-ever public hearing to fix the price of liquefied petroleum gas (LPG) will be held next week amid concerns of stakeholders like consumers, traders and investors. Consumers are expecting rat...

Edible oil prices continue to surge in Bangladesh market

Edible oil prices continue to surge in Bangladesh market

FE REPORT 2021-01-05 09:44:19

Edible oil prices have continued to surge only to batter the commoners who are already hit hard by the skyrocketing prices of rice and other essentials. The maximum price of edible oils like soya b...

Export earnings not 'disappointing', exporters expect better days ahead

Export earnings not 'disappointing', exporters expect better days ahead

Monira Munni 2021-01-05 09:40:59

The country's merchandise export earnings during the first half (H1) of current fiscal year (FY), 2020-21, witnessed a marginal decline of 0.36 per cent to US$ 19.23 billion over that of the corresp...

Revenue board asked to raise more money for executing projects

Revenue board asked to raise more money for executing projects

SYFUL ISLAM 2021-01-05 09:24:04

The government has asked the National Board of Revenue (NBR) and other departments concerned for taking 'serious efforts' to increase revenue collection for financing development projects, officials h...

BB further simplifies outward remittance rules for industrialists

BB further simplifies outward remittance rules for industrialists

-- 2021-01-04 22:36:52

Bangladesh Bank has further simplified the process of outward remittance of foreign exchange for industrial entrepreneurs to help expand their businesses. The Foreign Exchange Policy Department (FEPD...

Dhaka chamber to support BIDA efforts to boost investment   

Dhaka chamber to support BIDA efforts to boost investment  

FE ONLINE REPORT   2021-01-04 20:05:15

Local investment in Bangladesh increased by 27 per cent in 2020 despite Covid-19 uncertainty, BIDA chief Md. Sirazul Islam said, appreciating entrepreneurs for their strength and zeal. He told a DCCI...

Biman to resume Saudi flights on Wednesday

Biman to resume Saudi flights on Wednesday

-- 2021-01-04 19:36:00

Biman Bangladesh Airlines will resume flying to Saudi Arabia on Wednesday after the Gulf kingdom lifted its ban on international flights over a new variant of the coronavirus. The flag carrier made t...

Nazrul new executive chairman of BEPZA

Nazrul new executive chairman of BEPZA

FE Online Report 2021-01-04 17:28:40

Major General Md Nazrul Islam has taken over the charge of the executive chairman of Bangladesh Export Processing Zones Authority (BEPZA) on Monday, says a press release. He replaced Major General SM...

Workers' council demands reopening jute mills to tap export potential

Workers' council demands reopening jute mills to tap export potential

FE ONLINE REPORT 2021-01-04 16:55:23

Jute, Yarn and Textile Workers Employees Struggle Council (Paat-Shuta O Bostro Kol Sramik Karmachari Sangram Parishad) has called upon the government to reopen state-owned jute mills and modernise the...

OPEC sees downside risks for oil markets in 2021 first half

OPEC sees downside risks for oil markets in 2021 first half

-- 2021-01-04 10:34:35

OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels for February. &l...

Apparel leaders oppose inclusion of HS code in bond licence

Apparel leaders oppose inclusion of HS code in bond licence

MONIRA MUNNI 2021-01-04 09:26:40

Apparel sector leaders demanded withdrawal of mandatory inclusion of HS code in the bond licence while getting imported raw materials released for readymade garment (RMG) exports under the duty-free...

10 light engineering parks to be set up

10 light engineering parks to be set up

Ismail Hossain 2021-01-04 09:11:39

The government moves to establish 10 dedicated light engineering industrial parks in eight districts of the country to harness the immense potential of the domestic light engineering industry. The...

Bangladeshi economic zones get $4.08b investment proposals in 2020

Bangladeshi economic zones get $4.08b investment proposals in 2020

FE Report 2021-01-04 09:06:52

The country's Economic Zones or EZs received investment proposals worth $4.08 billion in the last calendar year, official figures have revealed. Of the total investment proposals, $3.15 billion, in...

Ships docking at Ctg Port declined by 2.0pc in 2020 due to pandemic

Ships docking at Ctg Port declined by 2.0pc in 2020 due to pandemic

UNB 2021-01-03 20:33:04

The Covid-19 pandemic and subsequent suspension of export and import for several months caused a 2.0 per cent drop in the number of ships docking at Chattogram Port in 2020 compared to the previous ca...