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The Financial Express

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British Steel on brink of collapse  with 25,000 jobs at risk

British Steel on brink of collapse with 25,000 jobs at risk

-- 2019-05-21 21:57:02

British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan by later on Tuesday, a...

Airbus pledges boxers’  counter-punch to new  Boeing mid-jet

Airbus pledges boxers’ counter-punch to new Boeing mid-jet

-- 2019-05-21 21:56:14

Airbus held out the prospect of a clash over prices to counter any decision by Boeing to launch a new aircraft in the middle of the jet market, by promising a "left hook, right hook" counter-punch wit...

1,605 SUV registered in Jan-Feb this year

1,605 SUV registered in Jan-Feb this year

FE Online Report 2019-05-21 20:35:35

Sport-utility vehicles (SUV) in hard/soft category registration in the country stood at 1,605 in January to February 2019. Of the total, the number of SUV registration was 1,436 in Dhaka, according t...

High Court stalls move on loan rescheduling

High Court stalls move on loan rescheduling

FE Online Desk 2019-05-21 14:26:07

The High Court has put on hold until June 24 a Bangladesh Bank circular providing loan defaulters with special facilities. A bench of the court passed the order on Tuesday upon a petition filed by la...

Singapore, Malaysia agree to suspend intercity rail project

Singapore, Malaysia agree to suspend intercity rail project

-- 2019-05-21 12:11:56

Singapore and Malaysia have agreed to suspend the construction of a billion dollar train project linking the city-state to the southern Malaysian state of Johor, their transport ministers said on Tues...

MTB inks deal with STOLL Bangladesh on Payroll Banking solutions

MTB inks deal with STOLL Bangladesh on Payroll Banking solutions

FE Online Desk 2019-05-21 11:05:40

Mutual Trust Bank Limited (MTB) has recently signed an agreement with STOLL Bangladesh Limited at a simple ceremony held at the bank’s Corporate Head Office in Gulshan 1 in the capital. Under t...

US eases restrictions on Huawei

US eases restrictions on Huawei

-- 2019-05-21 10:40:14

The US government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimising disruption for its customers but dismissed by its founder who said the...

FBCCI seeks Tk 1.0b in next budget to develop capacity

FBCCI seeks Tk 1.0b in next budget to develop capacity

FE Report 2019-05-21 10:07:59

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought an allocation of Tk 1.0 billion in the upcoming budget to facilitate development of infrastructure and capacity of t...

Worries of US-China trade war hit markets

Worries of US-China trade war hit markets

-- 2019-05-21 09:47:24

Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectati...

Govt bans sea fishing for two months

Govt bans sea fishing for two months

Nazimuddin Shyamol 2019-05-21 09:36:04

The government has imposed a ban on fishing in the Bay of Bengal for two months from today (Tuesday) to preserve fish stock and ensure proper breeding. The fishing ban will be ended on July 23 next....

Banks urged to develop data depository

Banks urged to develop data depository

FE Report 2019-05-21 09:21:53

Banks should create their own data bank to help prevent trade-based money laundering using their services, speakers at a programme said Monday. They said the data should be open for use by all the co...

Mahbub re-elected CCCI president

Mahbub re-elected CCCI president

Our Correspondent 2019-05-20 23:50:30

CHATTOGRAM, May 20: The members of the board of directors of the Chattogram Chamber of Commerce and Industry (CCCI) elected a three-member presidium of the apex trade body of the district on Monday....

National Housing re-elects chairman

National Housing re-elects chairman

-- 2019-05-20 23:49:37

Mr. Latifur Rahman has been re-elected as Chairman of National Housing Finance And Investments Limited at its 209th Meeting of the Board held recently for further 2 years, said a statement. Mr. Rah...

South Korean company to invest US$ 6m in Mongla EPZ

South Korean company to invest US$ 6m in Mongla EPZ

FE Online Desk 2019-05-20 13:40:34

South Korean company M/s Hwashin (BD) Limited will invest US$ 6 million to establish a Cosmetics Accessories industry in Mongla Export Processing Zone.  An agreement in this regard has been sign...

FSIBL holds AGM

FSIBL holds AGM

FE Online Desk 2019-05-20 13:29:28

The 20th Annual General Meeting of First Security Islami Bank Limited was held on Monday at Kurmitola Golf Club, Dhaka Cantonment, Dhaka. The meeting was presided over by Mr. Mohammed Abdul Maleque,...

Seminar on Internal Audit Capacity in Public Sector in general and SoCBs

Seminar on Internal Audit Capacity in Public Sector in general and SoCBs

FE Online Desk 2019-05-20 13:23:19

IIA Bangladesh (Institute of Internal Auditors, Bangladesh) organised a CPE seminar on “Internal Audit Capacity in Public Sector in general and State-Owned Commercial Banks” at Audit Bhaba...

Banglalink subscribers to enjoy offers on Piickme rides

Banglalink subscribers to enjoy offers on Piickme rides

FE Online Report 2019-05-20 13:00:01

Mobile network operator Banglalink has recently signed a Memorandum of Understanding (MoU) with the fast growing on-demand ride sharing company Piickme. Through this partnership, Banglalink Priyojon...

Fazle Fahim takes charge as FBCCI president

Fazle Fahim takes charge as FBCCI president

FE Report 2019-05-20 11:40:23

Newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim has sought cooperation from all to run the country's apex trade body successfully....

BRAC Bank cardholders to enjoy cashback on Robi’s bdtickets, busbd

BRAC Bank cardholders to enjoy cashback on Robi’s bdtickets, busbd

FE Online Desk 2019-05-20 11:34:20

BRAC Bank Limited (BBL) and Robi Axiata Limited (Robi) have recently entered into an agreement to provide special privilege to the BBL customers on online ticket purchases. Under the agreement, all B...

BASIS seeks Tk 5.0b allocation in next budget for TA projects

BASIS seeks Tk 5.0b allocation in next budget for TA projects

FE Report 2019-05-20 10:52:45

ICT businesses on Sunday urged the government to allocate Tk 5.0 billion for Technical Assistance (TA) projects and Tk 2.0 billion as ICT development fund in the national budget for the fiscal year...

Unipec, Vitol offer best bids on fuel oil supply

Unipec, Vitol offer best bids on fuel oil supply

M Azizur Rahman 2019-05-20 10:33:10

Unipec Singapore Pte Ltd and Vitol Asia Pte Ltd offered best bids to supply up to 1.345 million tonnes of refined petroleum oil products to state-run Bangladesh Petroleum Corporation (BPC) during Ju...

Household consumption of staples falling: BBS

Household consumption of staples falling: BBS

FE Report 2019-05-20 10:00:27

The consumption of major staples at the household level is falling rapidly in the country, which is happening as people spend on foods outside homes. This was revealed in the final version of the Hou...

Google suspends some business with Huawei

Google suspends some business with Huawei

-- 2019-05-20 09:37:17

Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a sour...

BB extends limit of MFS transactions

BB extends limit of MFS transactions

-- 2019-05-19 20:18:12

Bangladesh Bank has extended the limit of transactions through mobile financial service (MFS) giving the customers the option to transact double the money they were allowed in almost all sorts of tran...

New FBCCI board of director takes charge

New FBCCI board of director takes charge

-- 2019-05-19 18:29:13

New board of directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) took charge officially on Sunday. Board of the country’s apex trade body, elected for 2019-2021...

Over 1000 busses registered in Jan-Apr

Over 1000 busses registered in Jan-Apr

FE Online Report 2019-05-19 18:01:08

1,168 buses were registered in the four months of the current calendar year, according to data by the transport regulator. Of them, 963 buses were registered in Dhaka, according to a data provided b...

Accord gets 281-day extension to work in Bangladesh

Accord gets 281-day extension to work in Bangladesh

-- 2019-05-19 17:30:35

The top court has extended the work of the Accord on Fire and Building Safety in Bangladesh by 281 days. The decision came after Bangladesh’s garment makers and European retailers reached an ag...

Citi named best bank in Asia

Citi named best bank in Asia

-- 2019-05-19 17:00:45

Citi has been named as the best bank in Asia by Corporate Treasurer Magazine, Asia's leading trade magazine covering corporate treasury and finance. The best bank award was decided by a poll of over...

BASIS, IPDC Finance ink MoU

BASIS, IPDC Finance ink MoU

FE Online Desk 2019-05-19 12:59:11

A MoU has been inked between BASIS and IPDC Finance Limited under which IPDC will offer strategic product Joyee for the women entrepreneurs of BASIS as well as Supply Chain Finance through Orjon platf...

Advance launch tickets for Eid from Tuesday

Advance launch tickets for Eid from Tuesday

FE Report 2019-05-19 10:30:11

Sale of advance launch tickets for the Eid-ul-Fitr holidaymakers will begin on Tuesday, according to sources of the launch operators. Besides, Bangladesh Inland Water Transport Authority (BIWTA) will...