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The Financial Express

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Govt releases Tk 2.14b for jute mill’s pay arrears

Govt releases Tk 2.14b for jute mill’s pay arrears

FE Report 2020-10-08 09:26:18

The government has released Tk 2.14 billion as operating loan to pay workers' arrears of closed state-owned Platinum Jubilee Jute Mills Ltd, officials said. Fifty per cent of total arrears of mill's...

Emphasis on exploring export basket, coordination anomg regulatory bodies   

Emphasis on exploring export basket, coordination anomg regulatory bodies  

FE ONLINE REPORT   2020-10-07 21:40:52

Exploration of export baskets, proactive stance of government agencies and proper coordination among the regulatory bodies can improve the country’s financial ecosystem, suggested speakers.&nbsp...

Draft law keeps punitive provisions for unregistered salt traders

Draft law keeps punitive provisions for unregistered salt traders

-- 2020-10-07 19:26:00

The cabinet has approved in principle a draft of the ‘Iodised Salt Act, 2020’ keeping provisions of one to three years of imprisonment or fine of Taka 50,000 to 1.5 million, for unregister...

Three companies contribute TK 74m to Workers’ Welfare Fund

Three companies contribute TK 74m to Workers’ Welfare Fund

FE Online Report 2020-10-07 18:59:59

Three public and private companies on Wednesday contributed a total of TK 74 million as part of their respective profits to the Bangladesh Workers’ Welfare Foundation Fund. Karnaphuli Fertilize...

Japanese investors eye Bangladesh atmosphere   

Japanese investors eye Bangladesh atmosphere  

FE ONLINE REPORT   2020-10-07 18:21:55

More companies from Japan will be investing in Bangladesh, if the bottlenecks to investments are removed, a Japanese trade diplomat told newsmen in Dhaka on Wednesday. Around 50 companies are now arr...

MoU Signed between LankaBangla Finance and Grand Palace Hotel & Resort

MoU Signed between LankaBangla Finance and Grand Palace Hotel & Resort

-- 2020-10-07 17:39:43

LankaBangla Finance Ltd (LBFL) recently signed MOU with Grand Palace Hotel & Resort for its customer privilege, according to a press release. Khurshed Alam, head of Retail Business of LBF and Sha...

Bata collaborates with UCEP to help underprivileged children

Bata collaborates with UCEP to help underprivileged children

FE ONLINE DESK 2020-10-07 14:29:02

Bata, in collaboration with UCEP Bangladesh, has started a donation programme recently. Under the programme, every time a pair is sold above a certain value at any Bata store in October, Bata will do...

Emirates expands its network in Europe to 31 destinations

Emirates expands its network in Europe to 31 destinations

FE Online Desk 2020-10-07 13:47:28

Emirates has announced it will resume flights to Budapest (from 21 October), Bologna (1st November), Dusseldorf (1st November), Hamburg (1st November) and Lyon (4th November), expanding its European n...

World’s top trading companies push to cut emissions from ships

World’s top trading companies push to cut emissions from ships

-- 2020-10-07 13:27:26

Some of the world’s biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime...

BASIS for 5.0 per cent cash incentive on digital payments

BASIS for 5.0 per cent cash incentive on digital payments

FE ONLINE REPORT 2020-10-07 13:22:47

Bangladesh Association of Software and Information Services (BASIS) has proposed introducing a 5.0 per cent incentive on digital payments with the aim of promoting digital transaction amid the Covid-1...

Quality Council shortly to ensure standards of products, services

Quality Council shortly to ensure standards of products, services

MONIRA MUNNI 2020-10-07 10:16:10

The government has moved to set up a quality council to ensure standards of products and services as well as coordination among the existing organisations concerned, officials said. Once the council...

Glitch halts online tax return submission to NBR

Glitch halts online tax return submission to NBR

DOULOT AKTER MALA 2020-10-07 09:29:01

The submission of online income-tax returns has come to a halt this year due to a technical glitch. Officials said revival of the electronic system is uncertain this tax year, especially within the d...

Turkish envoy visits renovated Icon Tower of FBCCI

Turkish envoy visits renovated Icon Tower of FBCCI

FE Online Desk 2020-10-07 00:32:48

Mr. Mustafa Osman Turan, the Ambassador of Turkey visited the FBCCI's newly-renovated Icon Tower in the capital's Motijheel on Monday, in response to FBCCI President Sheikh Fazle Fahim’s invitat...

Gas production from Srikail East-1 may start in December

Gas production from Srikail East-1 may start in December

FE Online Report 2020-10-06 18:45:45

The production of natural gas from the newly discovered Srikail East-1 onshore structure is expected to start from December this year. State-owned Bangladesh Petroleum Exploration and Production Com...

‘Onion price to see fall soon’

‘Onion price to see fall soon’

FE Online Report 2020-10-06 18:27:57

Price of onions will come down in the coming days as adequate import and supply of the item has increased in the country, according to a statement issued by the Ministry of Commerce on Tuesday. &ldqu...

Voice of Business launches BRANDrill 2020

Voice of Business launches BRANDrill 2020

FE ONLINE DESK 2020-10-06 16:24:56

Voice of Business (VoB), a student-run business club and publication house at Dhaka University, has launched its signature branding competition. The event, called ‘IPDC presents BRANDrill 2020...

Pragati Life inks group insurance contract with Chuti Resort

Pragati Life inks group insurance contract with Chuti Resort

FE ONLINE DESK 2020-10-06 15:03:00

Pragati Life Insurance Limited has signed group insurance contract with Chuti Resort.  Md. Jalalul Azim, MD & CEO of Pragati Life Insurance Limited and Mostofa Mahmud Arifee, Chairman of Chu...

SM Nurul Hoque re-elected chairman of REMA Trust

SM Nurul Hoque re-elected chairman of REMA Trust

FE Online Desk 2020-10-06 14:35:43

SM Nurul Hoque, a senior business leader, has been re-elected as chairman of Research for Education and Management Academy (REMA) Trust. The REMA Trust has been running Chittagong Laboratory School,...

Group Life Insurance sign agreement with Navana Group

Group Life Insurance sign agreement with Navana Group

FE Online Desk 2020-10-06 14:00:39

Guardian Life Insurance Ltd and Navana Group have recently signed a group insurance agreement under which all the employees (eight concerns) of Navana Group will enjoy life coverage benefits. M M Mon...

BSCIC to profile successful entrepreneurs

BSCIC to profile successful entrepreneurs

TALHA BIN HABIB 2020-10-06 10:34:56

The government has taken an initiative to profile successful entrepreneurs who began their businesses first from the BSCIC industrial estates. They said the Bangladesh Small and Cottage Industries Co...

Prices of imported onion go up again

Prices of imported onion go up again

YASIR WARDAD 2020-10-06 09:52:51

The prices of onion, especially imported variety, increased again notably on Monday. Traders attributed the hike in onion prices to supply crunch amid low import. Prices of imported onion rose to Tk...

Ministry to reassess Tk 6.86b loan waiver for 133 RMG units

Ministry to reassess Tk 6.86b loan waiver for 133 RMG units

FE REPORT 2020-10-06 09:37:23

The government will scrutinise further a BGMEA proposal for waiving the entire bank loan liabilities of as many as 131 readymade garments (RMG) units, a person familiar with the situation said. The d...

BB buying dollars directly from banks after three years

BB buying dollars directly from banks after three years

SIDDIQUE ISLAM 2020-10-06 09:24:06

The central bank purchased US$ 2.63 billion from the commercial banks directly in the first quarter (Q1) of the current fiscal year (FY), aiming to keep the inter-bank foreign exchange (forex) market...

Joycalls’ chatting service for the visually impaired

Joycalls’ chatting service for the visually impaired

FE ONLINE DESK 2020-10-05 19:43:29

Being not able to see the world is such a curse which can't be expressed in words. Even in a digital world where services are offered to overcome such challenges, some unprivileged people are left beh...

BSTI fines two petrol pumps for measurement manipulation

BSTI fines two petrol pumps for measurement manipulation

FE ONLINE REPORT 2020-10-05 19:40:11

Bangladesh Standards and Testing Institution (BSTI) on Monday fined two petrol pumps Tk 100,000 in the capital’s Mohakhali area for measurement manipulation of different types of fuel. A mobile...

Bangladesh requests Qatar again to lower LNG import price

Bangladesh requests Qatar again to lower LNG import price

-- 2020-10-05 19:17:05

Bangladesh has requested Qatar again to reconsider a downward adjustment of LNG, or liquefied natural gas, import price from the Qatargas against the backdrop of global coronavirus pandemic. State Mi...

BTRC chairman visits Walton’s factory

BTRC chairman visits Walton’s factory

-- 2020-10-05 19:15:45

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Md Jahurul Haque, along with 10 representatives of the regulatory body, visited the Walton factory at Chandara, Gazipur on Monday, sa...

Big brands miss plastic recycling targets

Big brands miss plastic recycling targets

Reuters 2020-10-05 18:47:18

Coca-Cola, Nestle and PepsiCo, the world’s top three plastic polluters according to a yearly brand audit by NGO Break Free From Plastic, have struggled for decades to increase the share of recyc...

IBBL Agrabad and Khatungonj corporate branch holds webinar on Shari`ah compliance

IBBL Agrabad and Khatungonj corporate branch holds webinar on Shari`ah compliance

-- 2020-10-05 17:47:42

Agrabad Corporate Branch and Khatungonj Corporate Branch of Islami Bank Bangladesh Limited (IBBL) jointly organised a webinar on 'Compliance of Shari`ah in Banking Sector' recently.  Meah Md Bar...

Eastern Bank launches EBL Ovilashi for women entrepreneurs

Eastern Bank launches EBL Ovilashi for women entrepreneurs

FE Online Desk 2020-10-05 14:58:45

Women Banking Division of Eastern Bank Limited (EBL) has introduced a new banking product- EBL Ovilashi for the women entrepreneurs of the country. This is an interest bearing business current accoun...