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The Financial Express

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Tk 25b additional fund sought for a gridline project

Tk 25b additional fund sought for a gridline project

FHM HUMAYAN KABIR 2020-11-03 09:45:57

After spending extra funds, the Power Grid Company of Bangladesh (PGCB) has sought the revision of a project, which is intended to install a 400KV high-voltage gridline, officials said on Monday. The...

Emirates to set up air cargo hub for Covid-19 vaccine

Emirates to set up air cargo hub for Covid-19 vaccine

FE Online Desk 2020-11-02 15:52:39

Emirates SkyCargo, cargo division of Emirates airline is stepping up its readiness to handle the logistical complexities of distributing a potential Covid-19 vaccine globally by creating the world&rsq...

Digital land zoning to start soon: Minister

Digital land zoning to start soon: Minister

FE REPORT 2020-11-02 10:16:08

The government will soon start national digital land zoning work for optimum utilisation of country's land, said land minister Saifuzzaman Chowdhury on Sunday. "We (the government) will soon carry ou...

37 companies get land allotment at Bangabandhu Hi-Tech City

37 companies get land allotment at Bangabandhu Hi-Tech City

FE Report 2020-11-02 10:15:39

Some 37 companies have got land allocation in Bangabandhu Hi-Tech City, of which five are currently manufacturing there. They have made investment worth Tk 3.27 billion and created employment for m...

Service recipients approach middlemen as BRTA virtually inefficient

Service recipients approach middlemen as BRTA virtually inefficient

Munima Sultana 2020-11-02 10:13:32

The Bangladesh Road Transport Authority (BRTA) is operating with very few people, becoming virtually an inefficient service provider as the service recipients are highly dependent on the middlemen, so...

NBR taking over VAT Online project from Vietnammese contractor

NBR taking over VAT Online project from Vietnammese contractor

FE Report 2020-11-02 09:52:41

The National Board of Revenue (NBR) has taken move to enhance the capacity of its VAT wing as it would take over the VAT Online Project (VOP) from the Vietnamese company FPT in December. Some 2,814 o...

BB further relaxes loan repayments to financial institutions

BB further relaxes loan repayments to financial institutions

-- 2020-11-01 19:13:54

Bangladesh Bank (BB) has further relaxed repayment of loans by allowing the borrowers to pay their dues to financial institutions in more instalments considering the effects of Covid-19 pandemic, repo...

Guaranteed discount up to 50pc on Walton TV

Guaranteed discount up to 50pc on Walton TV

-- 2020-11-01 18:07:20

Walton Electronics has launched a ‘Digital Campaign’ of TV with the declaration of guaranteed cash discounts up to 50 per cent on the purchase of its any model of LED and Smart TV. ...

BB further extends deadline for CMSMEs package implementation

BB further extends deadline for CMSMEs package implementation

FE ONLINE REPORT 2020-11-01 17:32:36

The central bank has extended the deadline for executing the stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) further by one more month. As per decision the deadline ha...

Bangladesh shop owners to deny services to customers without masks

Bangladesh shop owners to deny services to customers without masks

FE ONLINE REPORT 2020-11-01 16:29:23

Bangladesh shop owners have asked all customers to wear masks before entering any market, supershop and shopping mall, as fears of a second wave of the coronavirus linger in the country. Customers wi...

EBL wins three awards from VISA

EBL wins three awards from VISA

FE Online Desk 2020-11-01 14:52:02

Eastern Bank Ltd (EBL) has won three awards from VISA for its performance in product innovation and cards business. The award ceremony was held at a Webinar recently, according to a media release. A...

UK-Bangla joint venture company to invest $15.5 million at Adamjee EPZ

UK-Bangla joint venture company to invest $15.5 million at Adamjee EPZ

FE ONLINE DESK 2020-11-01 13:57:23

An UK-Bangladesh joint venture company is going to invest 15.5 million US dollars at Adamjee Export Processing Zone in the port city of Narayanganj,  Bangladesh Export Processing Zones Authority...

Amazon accuses India partner of misleading public

Amazon accuses India partner of misleading public

-- 2020-11-01 10:48:49

Amazon.com Inc has complained to India's market regulator that its local partner Future Retail Ltd misled shareholders by incorrectly saying it was complying with its contractual obligations to the US...

‘Bangladesh-India border haats are places for socio-cultural exchanges’

‘Bangladesh-India border haats are places for socio-cultural exchanges’

-- 2020-10-31 17:59:34

Border haats have immensely contributed towards socialisation and cultural exchanges between the people on both sides of the Bangladesh-India border, said Shirin Akhter, a member of parliament in Bang...

Number of registered vehicles witnesses sharp decline

Number of registered vehicles witnesses sharp decline

FE ONLINE REPORT 2020-10-31 17:28:56

The number of registered motorised vehicles in the country witnessed a drastic decline in the first nine months of the current calendar year, as per official data. A total of 262,674 motorised vehicl...

HSBC drives Bangladesh’s first crossborder blockchain LC transaction

HSBC drives Bangladesh’s first crossborder blockchain LC transaction

FE Online Desk 2020-10-31 15:56:57

HSBC has hit another milestone by successfully executing the first-ever crossborder Blockchain Letter-of-Credit (LC) transaction in Bangladesh. The transaction involved the import of 20,000MT of fuel...

Call to mobilise foreign investment in Bangladesh

Call to mobilise foreign investment in Bangladesh

FE Online Desk 2020-10-31 15:25:38

Speakers at a recent programme stressed the importance of facilitating international investments in Bangladesh for fostering economic growth, creating employment, and tackling the potential fallout of...

Traders sell new potatoes at Tk 150 a kg

Traders sell new potatoes at Tk 150 a kg

-- 2020-10-30 21:43:01

Retailers in Dhaka are selling newly arrived potatoes at Tk 150 a kilogram as the prices of old produce have crossed the fixed levels again after a brief drop. The traders and customers in Shantinaga...

Toyota recalling 5.84 million vehicles with faulty fuel pumps

Toyota recalling 5.84 million vehicles with faulty fuel pumps

-- 2020-10-30 18:12:34

Toyota Motor Corp said Wednesday it has recalled a total of 5.84 million vehicles for a defect in the fuel pumps that could cause the part to fail. The largest Japanese automaker said it was adding a...

Facebook reports strong third-quarter results

Facebook reports strong third-quarter results

-- 2020-10-30 14:07:25

Facebook Inc. has reported its financial results for the third quarter of 2020, with net income growing 29 per cent to 7.85 US billion dollars for the quarter ending on Sept. 30, compared with $6.09 b...

Bangladesh’s export volatility high during pandemic: UNCTAD

Bangladesh’s export volatility high during pandemic: UNCTAD

FE ONLINE REPORT 2020-10-30 10:09:54

Bangladesh is one of the high volatile countries in terms of export, especially during the pandemic, according to an estimate of the United Nations Conference on Trade and Development (UNCTAD). The e...

Procurement condition slows down India-funded projects

Procurement condition slows down India-funded projects

MUNIMA SULTANA 2020-10-30 09:32:46

The condition to purchase 75 per cent materials from India for projects under the Indian Line of Credits (LoCs) is the main reason for delay in project implementation, according to a virtual review me...

Suppliers like Bangladesh suffer most as brands skip payments: Global report

Suppliers like Bangladesh suffer most as brands skip payments: Global report

MONIRA MUNNI 2020-10-30 09:31:37

About 35 per cent of 428 surveyed fashion brands failed to show any evidence of making regular payments to their suppliers during the Covid-19 pandemic, according to a recent global report. Around 65...

Jamuna Bank opens 300th ATM booth at Mohammadpur-Bosila road

Jamuna Bank opens 300th ATM booth at Mohammadpur-Bosila road

-- 2020-10-29 20:38:41

The 300th ATM booth of Jamuna Bank Limited was inaugurated at Mohammadpur-Bosila road in the capital on Thursday. Nur Mohammed, chairman of the Jamuna Bank Foundation, was present as the chief guest...

Air bubble between India and Bangladesh inaugurated: Check destinations and arrival guidelines here

Air bubble between India and Bangladesh inaugurated: Check destinations and arrival guidelines here

-- 2020-10-29 18:26:35

Air bubble arrangement between Bangladesh and India inaugurated! After months of lockdown and suspension of flights, the air bubble between India and Bangladesh was inaugurated by High Commissioner of...

First flight from Bangladesh under air bubble agreement lands in Kolkata

First flight from Bangladesh under air bubble agreement lands in Kolkata

-- 2020-10-29 18:00:16

The Kolkata airport, under the air bubble agreement with Bangladesh today received the first flight from Dhaka while an Antonov AN-124 aircraft, termed as world’s largest civil cargo aircraft, l...

Bangladesh seeks two LNG cargoes for December delivery

Bangladesh seeks two LNG cargoes for December delivery

-- 2020-10-29 17:41:37

Bangladesh’s state-owned Rupantarita Prakritik Gas Company is seeking two liquefied natural gas (LNG) cargoes for delivery in December through separate tenders, two industry sources said on Thur...

Oil extends losses on fresh Covid-19 lockdowns, over-supply worries

Oil extends losses on fresh Covid-19 lockdowns, over-supply worries

-- 2020-10-29 17:09:04

SINGAPORE/MELBOURNE - Oil prices fell on Thursday, extending a 5.0 per cent slump in the previous session, as governments’ renewed restrictions to curb a second wave of coronavirus infections an...

UCB donates blankets to PM’s relief fund

UCB donates blankets to PM’s relief fund

FE Online Desk 2020-10-29 15:49:31

United Commercial Bank Limited donated 1,50,000 pieces of blankets to Prime Minister’s Relief Fund on Wednesday. Mr Anisuzzaman Chowdhury Ronny, Executive Committee Chairman of UCB delivered th...

UK says no to 'Britain First' trade policy, slamming US and EU

UK says no to 'Britain First' trade policy, slamming US and EU

REUTERS 2020-10-29 11:15:18

Britain will on Thursday chide the “pernicious” trade practices of the United States and Europe, even as it tries to pin down deals with its most important allies in a post-Brexit drive to...