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The Financial Express

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Daraz to host world’s biggest sale day ‘11.11’ campaign for third time

Daraz to host world’s biggest sale day ‘11.11’ campaign for third time

FE Online Desk 2020-10-29 10:51:26

Daraz Bangladesh- a concern of Alibaba Group and country's largest online marketplace is hosting the Eleven Eleven (11.11) campaign for the third time. Daraz’s parent company, Alibaba Group had...

Cost of new EU tech rules could top $100.5b

Cost of new EU tech rules could top $100.5b

REUTERS 2020-10-29 09:55:43

The European Union’s plan to rein in US tech giants with new rules could cost the 27-country bloc as much as 85 billion euros ($100.5 billion) in economic growth, Brussels-based think tank ECIPE...

Belgian company to be hired for Payra seaport channel dredging

Belgian company to be hired for Payra seaport channel dredging

FE REPORT 2020-10-29 09:42:05

The Cabinet Committee on Economic Affairs on Wednesday approved dredging of Rabnabad channel of Payra seaport by Belgium-based company Jan De Nul. The maintenance dredging will be done under direct p...

Govt to procure 850,000 MT food grains from marginal farmers

Govt to procure 850,000 MT food grains from marginal farmers

-- 2020-10-28 19:06:42

The government will procure a total of 850,000 metric tonnes of food grains this year from the marginal farmers across the country. The decision was taken in an online meeting of the Food Planning an...

‘Walton Laptop Exchange Offer’ gets huge response

‘Walton Laptop Exchange Offer’ gets huge response

-- 2020-10-28 18:32:15

The ongoing ‘Laptop Exchange Offer’, initiated by the country’s electronics and technology giant Walton, has been receiving huge customers’ response across the country as custo...

Cooking oils dearer in Bangladesh amid global supply shortage

Cooking oils dearer in Bangladesh amid global supply shortage

-- 2020-10-28 17:43:12

Edible oil prices in Bangladesh have been rising for a month. Palm and soybean oil prices have gone up by Tk 10-15 per litre due to a price spike in the international market. Loose palm oil was being...

EBL wins ADB award

EBL wins ADB award

-- 2020-10-28 17:37:26

The Asian Development Bank (ADB) has awarded Eastern Bank Limited (EBL) the ‘2020 Leading SME Trade Bank’ for its contribution in supporting small and medium-sized enterprises (SMEs) in Ba...

MTB Foundation supports Centre for Disability in Development (CDD)   

MTB Foundation supports Centre for Disability in Development (CDD)  

-- 2020-10-28 17:28:37

MTB Foundation, in its effort to align its CSR initiatives with the Sustainable Development Goals (SDGs), recently extended support to Centre for Disability in Development (CDD) for their project titl...

Interoperability facility: Consumers association for strengthening service security, charge withdrawal 

Interoperability facility: Consumers association for strengthening service security, charge withdrawal 

FE ONLINE REPORT 2020-10-28 17:06:29

A consumers’ association has urged the authorities' concerned for strengthening service security of interoperability facilities among Mobile Financial Service (MFS) and demanded withdrawal of se...

Smart land development services from July next, minister says

Smart land development services from July next, minister says

-- 2020-10-28 16:48:56

The land development tax management system will be fully digitised from July 1 next year, Land Minister Saifuzzaman Chowdhury said Wednesday. He made the announcement after inaugurating the first pha...

JS panel recommends essentials' database to fight price spiraling

JS panel recommends essentials' database to fight price spiraling

FE Report 2020-10-28 09:55:49

The parliamentary watchdog on commerce ministry has recommended creating a comprehensive database of key essentials like potato and onion to prevent price spiral in the future. The database will have...

Apparel sector's loan repayment period may be extended

Apparel sector's loan repayment period may be extended

FE REPORT 2020-10-28 09:50:49

The commerce ministry has sought necessary steps from the finance ministry to extend the existing loan repayment tenure to six years with one-year grace period. The country's apparel owners took out...

Vistara to start flights to Bangladesh from Nov 5 under air bubble pact

Vistara to start flights to Bangladesh from Nov 5 under air bubble pact

-- 2020-10-27 19:09:39

Tata-SIA joint venture airline Vistara on Tuesday said it will launch flight services to Bangladesh from India, starting November 5, under the recently signed air bubble agreement between the two coun...

Spicejet announces eight new flights to Bangladesh

Spicejet announces eight new flights to Bangladesh

-- 2020-10-27 19:06:44

Spicejet has announced eight new flights between India and Bangladesh. The low-cost carrier will operate these flights under the air bubble arrangement between the two countries. SpiceJet will operat...

Bank Asia signs agreement with BIID for fostering business incubation for women entrepreneurs

Bank Asia signs agreement with BIID for fostering business incubation for women entrepreneurs

-- 2020-10-27 18:55:52

Bank Asia Limited and Bangladesh Institute for ICT Development (BIID) have signed an agreement aiming to foster entrepreneurship among women and rural youths through Business Incubation facility under...

Eastern Bank opens one-stop service centre for cardholders

Eastern Bank opens one-stop service centre for cardholders

-- 2020-10-27 18:00:28

Eastern Bank Limited (EBL) has launched a one-stop service centre for EBL cards called EBL SKYCARE at Banani Safura Tower on October 22, 2020. The centre is providing safe, fast, and hassle-free car...

IBBL signs MoU with CloudWell Limited on utility bill payment

IBBL signs MoU with CloudWell Limited on utility bill payment

-- 2020-10-27 17:53:20

Islami Bank Bangladesh Limited (IBBL) signed a Memorandum of Understanding (MoU) with CloudWell Limited on utility bill payment recently, said a press release. Md Omar Faruk Khan and Md Mosharraf Hos...

Hatchery fish farming gaining momentum in Rajshahi

Hatchery fish farming gaining momentum in Rajshahi

-- 2020-10-27 16:47:35

Saimur Rahaman, 45, has emerged himself as a prospective fish farming entrepreneur since his engagement in fish rearing and farming business for the last decade. Rahman, a resident of Seroil area in...

DCCI, BUP to jointly work for research for economic development

DCCI, BUP to jointly work for research for economic development

FE ONLINE REPORT 2020-10-27 16:41:29

Dhaka Chamber of Commerce & Industry (DCCI) signed a Memorandum of Understanding (MoU) with the Bangladesh University of Professionals (BUP) on Tuesday to work jointly for research. DCCI Presiden...

Month-long handloom fest to start Wednesday

Month-long handloom fest to start Wednesday

FE ONLINE REPORT 2020-10-27 16:26:09

A month-long ‘Heritage Handloom Festival-2020’ will kick off on Wednesday in Dhaka aimed at promoting local handloom products and protecting the extinction of traditional items. However,...

Guardian Life Insurance inks agreement with Thyssenkrupp Elevator (BD)

Guardian Life Insurance inks agreement with Thyssenkrupp Elevator (BD)

FE Online Desk 2020-10-27 13:39:21

Guardian Life Insurance Ltd and Thyssenkrupp Elevator (BD) Private Ltd have recently signed a group insurance agreement. Under the agreement, all the employees of Thyssenkrupp Elevator (BD) Private L...

Emirates expands A380 network with inclusion of Amman

Emirates expands A380 network with inclusion of Amman

FE Online Desk 2020-10-27 13:28:40

Emirates will introduce scheduled Airbus A380 services to Amman as part of its expanded schedule of 10 weekly services.  The iconic A380 will begin serving travellers to and from Amman from 4 No...

Holiday shoppers coming to town

Holiday shoppers coming to town

-- 2020-10-27 11:45:12

Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed. About 7...

North's Elenga-Ranpur 4-lane highway requires 40pc higher funds

North's Elenga-Ranpur 4-lane highway requires 40pc higher funds

FHM HUMAYAN KABIR 2020-10-27 10:06:51

Roads and Highways Department (RHD) has sought 40 per cent higher funds and 40 more months to complete the widening work of a 190-km Elenga-Rangpur four-lane highway, insiders said on Monday. The sta...

Fund crisis thwarts growth of solar irrigation pumps

Fund crisis thwarts growth of solar irrigation pumps

 SYFUL ISLAM 2020-10-27 10:00:07

Installation of solar irrigation pumps is facing severe obstruction due to non-availability of grant fund, officials have sad. The Infrastructure Development Company Limited (IDCOL) did not approve a...

Dhaka's Kamalapur railway station to be linked with MRT-6

Dhaka's Kamalapur railway station to be linked with MRT-6

Munima Sultana 2020-10-27 09:58:14

Bangladesh Railway (BR) has finally accepted a proposal put forward by Dhaka Metro Rail Company to link its under-construction mass rapid transit line-6 (MRT-6) with Kamalapur station. The state-owne...

Bangladesh ranks 133rd in mobile net speed

Bangladesh ranks 133rd in mobile net speed

FE REPORT 2020-10-27 09:54:25

Bangladesh has ranked 133rd for mobile internet speed and 98th in the index for fixed broadband speed in September, according to Ookla's Speedtest Global Index. In terms of cellular speed, it has mov...

Petrobangla's offshore exploration deal with ONGC renewed again

Petrobangla's offshore exploration deal with ONGC renewed again

M AZIZUR RAHMAN 2020-10-27 09:50:12

The state-run Petrobangla has extended the tenure of contract with India's oil and gas exploration company -- ONGC Videsh Ltd -- by two more years until February 2023. The deal with the Indian firm...

City Bank selects Oracle cloud infrastructure to support IT modernisation

City Bank selects Oracle cloud infrastructure to support IT modernisation

FE Online Desk 2020-10-27 06:24:22

The City Bank, one of the leading commercial banks in Bangladesh, has adopted Oracle Cloud Infrastructure to help it modenise the key applications underpinning its business as it seeks to strengthen i...

Interoperable MFS transaction begins from Tuesday on pilot basis

Interoperable MFS transaction begins from Tuesday on pilot basis

-- 2020-10-26 19:35:37

Mobile financial service (MFS) providers are going to launch interoperable transactions from Tuesday on a pilot basis. The service will enable fund transfer between MFS accounts and regular bank acco...