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The Financial Express

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Dhaka moves to set up 'electronic platform'

Dhaka moves to set up 'electronic platform'

REZAUL KARIM 2022-11-10 09:23:59

Bangladesh is now considering establishing an 'electronic platform' to facilitate bilateral export-import trade with Russia, which proposed the mechanism amid sanctions due to the Ukraine war. The...

India says will need coal until 2040 and beyond

India says will need coal until 2040 and beyond

-- 2022-11-09 20:13:22

Coal will play an important role in India until at least 2040, the nation's coal minister said on Wednesday, even as calls for countries to switch to cleaner forms of fuel intensify at UN climate talk...

Facebook parent Meta to cut 11,000 jobs

Facebook parent Meta to cut 11,000 jobs

-- 2022-11-09 17:23:41

Meta Platforms Inc has said it will let go of 13 per cent of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and...

Mayank Arora new MD of Coca-Cola Bangladesh Beverages

Mayank Arora new MD of Coca-Cola Bangladesh Beverages

FE ONLINE DESK 2022-11-09 13:56:15

Coca-Cola Bangladesh Beverages Limited, formerly known as International Beverages Private Limited (IBPL), appointed Mayank Arora as the new managing director. He succeeds Tapas Kumar Mondal, who had...

12th Social Business Summit inaugurated in Italy

12th Social Business Summit inaugurated in Italy

FE ONLINE DESK 2022-11-09 11:12:36

Nobel Laureate Professor Muhammad Yunus opened the 12th Global Social Business Summit (GSBS) at the conference hall of Lavazza, the largest coffee company in the world, in Turin, Italy.  The eve...

DBH, IFC team up on housing loan for lower income group

DBH, IFC team up on housing loan for lower income group

FE REPORT 2022-11-09 10:01:25

Lower- and middle-income people are expected to get greater access to housing finance as two local and international financial institutions have joined hands for ensuring affordable housing loans for...

Courier law at final stage

Courier law at final stage

REZAUL KARIM 2022-11-09 09:55:27

A new law to regulate mailing and courier services is in its final stage, with provisions of fines up to Tk 1.0 million or three months' jail for money laundering. The proposed 'Mailing Operator and...

BKMEA, BTMA wide apart on LC payment in taka

BKMEA, BTMA wide apart on LC payment in taka

MONIRA MUNNI 2022-11-09 09:11:33

Two textile-sector trade bodies have locked horns in a row over a proposal for settling letter of credit (LC) payments in local currency amid dollar crunch following Bangladesh's forex-reserve fall....

Walton launches campaign on World Cup football

Walton launches campaign on World Cup football

FE ONLINE DESK 2022-11-08 18:20:17

Walton has introduced a campaign for the domestic television customers on the occasion of World Cup Football 2022. Under the 'hot sale' campaign, customers are offered attractive cash discounts and f...

BB withdraws lending limit for coal-based power plants

BB withdraws lending limit for coal-based power plants

-- 2022-11-08 18:19:23

Bangladesh Bank (BB) in a directive has withdrawn the lending limit for coal-based power plants aiming to increase power generation. As per the directive, banks can lend money to set up coal-based po...

Cross-Regional Accelerator for women entrepreneurs launched

Cross-Regional Accelerator for women entrepreneurs launched

Ariyana Khan 2022-11-08 17:56:39

An info session was hosted on 6th November for prospective applicants for the WeScale Accelerator Program by Bangladesh Angels and Singapore-based VC fund Accelerating Asia, which has been a forerunne...

COP27: UAE, Egypt agree to build one of world's biggest wind farms

COP27: UAE, Egypt agree to build one of world's biggest wind farms

-- 2022-11-08 17:20:09

The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world's largest onshore wind projects in Egypt, reports Reuters citing...

Tesla changes insurance incentive scheme in China

Tesla changes insurance incentive scheme in China

-- 2022-11-08 15:12:25

Tesla said it has raised insurance incentives for car orders in China placed before November 30, but reduced them for orders made next month, a move to urge consumers to place orders earlier. The US...

Women clients to get priority services in RJSC

Women clients to get priority services in RJSC

FE REPORT 2022-11-08 09:14:04

Women entrepreneurs will get priority services and other facilities in the office of the Registrar of Joint Stock Companies and Firms (RJSC) from now on. It has recently created a women-friendly en...

Top global bankers mass GABV summit today

Top global bankers mass GABV summit today

FE REPORT 2022-11-08 08:48:04

Top executives of banks from over 40 countries will reiterate their strong commitment to values-based banking for people and the planet as a three-day international summit starts in Dhaka today. The...

FBCCI delegation meets RAJUK chairman to discuss about DAP

FBCCI delegation meets RAJUK chairman to discuss about DAP

-- 2022-11-07 20:31:45

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today met RAJUK chairman Anisur Rahman Miah to discuss about the effectiveness of the Detailed Area Plan (DAP) to...

BGMEA for importing yarn through three land ports

BGMEA for importing yarn through three land ports

-- 2022-11-07 19:10:50

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) for allowing the import of raw materials including yarn by roads and railways throu...

Pathao drivers, users can now set their own fares

Pathao drivers, users can now set their own fares

-- 2022-11-07 18:52:54

Pathao has said it is set to relaunch its car ride-sharing service on Tuesday under a new model that will allow drivers and users to set their own fares. “We are excited to give control back to...

Apple expects to produce at least 3.0m fewer iPhone 14 units

Apple expects to produce at least 3.0m fewer iPhone 14 units

-- 2022-11-07 17:33:47

Apple Inc expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, primarily due to softer demand for the lower-end iPhone 14 and 14 Plus models, reports R...

WTO says it should tackle trade barriers for low-carbon industries

WTO says it should tackle trade barriers for low-carbon industries

-- 2022-11-07 17:19:30

The WTO should tackle trade barriers for low-carbon industries among other measures aimed at addressing the role of global trade in driving climate change, Director-General Ngozi Okonjo-Iweala said in...

ICC Bangladesh organises day-long workshop on export operations

ICC Bangladesh organises day-long workshop on export operations

FE ONLINE DESK 2022-11-07 15:01:42

ICC Bangladesh organised a day-long workshop on "Export Operations, Back-to-Back LC Mechanism and Challenges of Export Finance" at a city hotel on Saturday. ICC Bangladesh's Vice President A K Azad w...

FBCCI teams up with BTF Project to boost cross-border agri trade

FBCCI teams up with BTF Project to boost cross-border agri trade

FE REPORT 2022-11-07 13:06:32

The country's apex trade body FBCCI and the USDA-backed Bangladesh Trade Facilitation (BTF) Project on Sunday joined hands to help boost the cross border agriculture trade with participation of the pr...

BB plans to remove 9pc lending rate cap

BB plans to remove 9pc lending rate cap

-- 2022-11-07 12:29:36

Bangladesh Bank plans to lift the 9 per cent cap on lending rates amid ongoing talks with the International Monetary Fund and criticism from economists. The central bank reviews ways to decide whethe...

Apple warns of hit to iPhone shipments

Apple warns of hit to iPhone shipments

-- 2022-11-07 10:14:36

Apple Inc expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for th...

Bangladesh can be a marketing hub for 3 billion consumers: PM

Bangladesh can be a marketing hub for 3 billion consumers: PM

FE ONLINE DESK 2022-11-07 09:17:50

Prime Minister Sheikh Hasina today (Nov 6, 2022) said Bangladesh can be a big marketing hub for over three billion consumers due to its geographical location, BSS reports. "It has its own market...

Ecommerce cos asked to stop selling digital discount tools

Ecommerce cos asked to stop selling digital discount tools

FE ONLINE REPORT 2022-11-07 08:34:31

The government has instructed a number of e-commerce platforms to stop selling digital gift cards or vouchers on discounts, sources said. The online marketplaces include Daraz, Bata shoe company,...

BTRC opens benchmarking system to monitor telcos' services

BTRC opens benchmarking system to monitor telcos' services

FE REPORT 2022-11-07 08:32:09

The Bangladesh Telecommunication Regulatory Commission (BTRC) on Sunday launched a state-of-the-art benchmarking system to strengthen the commission's capacity to monitor quality of service (QoS)...

Labour leaders demand forming minimum wage board for RMG sector

Labour leaders demand forming minimum wage board for RMG sector

FE REPORT 2022-11-07 08:23:11

Labour leaders on Sunday demanded immediate formation of the minimum wage board for the country's ready-made garment (RMG) sector workers. They also pressed for fixing Tk 25,000 as minimum monthly...

13th summit of GABV begins in Dhaka today

13th summit of GABV begins in Dhaka today

FE REPORT 2022-11-07 08:19:22

The 4-day 13th global summit of the Global Alliance for Banking on Values (GABV) begins in Dhaka today (Monday). BRAC Bank, the only banks in Bangladesh with all GABV principles embedded in its o...

Apparel exports to US rise 34.63pc in Sept '22

Apparel exports to US rise 34.63pc in Sept '22

MONIRA MUNNI 2022-11-07 08:10:47

Apparel exports to the United States registered a 34.63 per cent growth in September'22 year-on-year when the overall shipments witnessed a decline. Bangladesh fetched US$912.90 million from read...