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The Financial Express

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China auto sales fall for 10th month in a row

China auto sales fall for 10th month in a row

-- 2019-05-13 12:38:05

Vehicles sales in China, the world’s largest auto market, fell 14.6 per cent in April from the same month a year earlier, the country’s biggest auto industry association said on Monday, ma...

Govt setting up three power hubs with capacity of 28,600MW

Govt setting up three power hubs with capacity of 28,600MW

-- 2019-05-13 11:29:44

The government is setting up three power hubs to boost the country’s power generation capacity over the next two decades. The hubs will be constructed at three locations as part of the Power Sy...

BB asks four SoCBs to focus on SME lending

BB asks four SoCBs to focus on SME lending

Siddique Islam 2019-05-13 10:48:56

The central bank has asked the four state-owned commercial banks (SoCBs) to focus on SME (small and medium enterprise) lending, particularly in the manufacturing sector, along with large loans to...

Tk 5.3b farm loans lie unrecovered

Tk 5.3b farm loans lie unrecovered

FE Report 2019-05-13 09:52:31

A hefty Tk 5.3 billion of six state-owned banks remains stuck against 160,225 cases filed to recover from farm loan borrowers, statistics showed. For almost three decades from January 1991 to March 2...

Norwegian-US joint venture to conduct Bay hydrocarbon survey

Norwegian-US joint venture to conduct Bay hydrocarbon survey

M Azizur Rahman 2019-05-13 09:35:22

The government has finally decided to employ the Norwegian-US joint venture (JV) TGS-Schlumberger for carrying out a survey to delineate the hydrocarbon reserves in the Bay of Bengal. "We've invited...

State Minister in Malaysia to boost Bangladeshi labour market

State Minister in Malaysia to boost Bangladeshi labour market

-- 2019-05-12 21:12:54

State Minister for the Expatriate Welfare and Overseas Employment Imran Ahmed is on an official visit to Malaysia aiming to boost the labour market there. The Minister will hold a meeting with Malays...

925 covered vans registered in Jan-Mar

925 covered vans registered in Jan-Mar

FE Online Report 2019-05-12 20:29:09

The number of covered van registration in the country stood at 925 alone in the first three months of the current calendar year, according to an official data. Of the total, 745 covered vans were reg...

No anomaly at Mohakhali kitchen market: DNCC mayor

No anomaly at Mohakhali kitchen market: DNCC mayor

-- 2019-05-12 20:15:42

Mayor of Dhaka North City Corporation Atiqul Islam found no anomaly in Mohakhali kitchen market in the city during his surprise visit it on Sunday. "I didn't see any irregularity while visiting this...

BMCCI hosts Iftar for businesspeople

BMCCI hosts Iftar for businesspeople

-- 2019-05-12 17:44:17

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) hosted an Iftar Mahfil on Saturday at Gulshan Club Ltd in the city. Representatives of leading chambers, associations, joint chambers atte...

WTO ministerial meeting of developing countries to begin Monday in India

WTO ministerial meeting of developing countries to begin Monday in India

-- 2019-05-12 17:39:24

A ministerial meeting of the World Trade Organisation (WTO) will begin on Monday in  the Indian capital, New Delhi. Commerce ministers, vice- ministers and senior government officials of 22 memb...

Mango harvesting in Rajshahi begins from May 15

Mango harvesting in Rajshahi begins from May 15

-- 2019-05-12 16:59:05

Mango harvesting in Rajshahi will start from May 15 in the current season of the delicious fruit. The decision was taken at a meeting related to mango harvesting, preservation and marketing held at t...

HC bans sales of 18 ‘substandard’ food products

HC bans sales of 18 ‘substandard’ food products

-- 2019-05-12 14:49:56

The High Court has banned the sales of 18 types of food products from 52 consumer brands which were identified as substandard by the Bangladesh Standards and Testing Institution, or BSTI in a recent r...

ACI Motors open Yamaha CKD factory

ACI Motors open Yamaha CKD factory

FE Online Desk 2019-05-12 13:09:35

ACI Motors inaugurated Yamaha Motorcycle CKD Assembly Factory at Borochala, Sreepur, Gazipur on Saturday. With a target of annual production 60,000 units capacity this factory has been initiated th...

DBBL, Radisson Blu Dhaka enter into strategic business alliance

DBBL, Radisson Blu Dhaka enter into strategic business alliance

FE Online Desk 2019-05-12 13:06:46

Dutch Bangla Bank Limited (DBBL) and Radisson Blu Dhaka Water Garden have recently signed an agreement to form a strategic business alliance. Under the agreement, selected DBBL cardholders will be ab...

Asian, European firms keen to win contract of second nuclear power plant

Asian, European firms keen to win contract of second nuclear power plant

FE Report 2019-05-12 11:03:17

A number of global nuclear power plant builders are interested to bag contracts after the government has initiated the process of building the second nuclear power plant in southern region. Some Chin...

BTRC decides to allow Netflix cache server

BTRC decides to allow Netflix cache server

Ismail Hossain 2019-05-12 10:56:26

The Bangladesh Telecommunication Regulatory Commission (BTRC) has taken a decision to allow the US-based online streaming entertainer platform Netflix to set up a cache server in the country. Only li...

MoRTB agrees to pay Japanese firm Tk 1.42b

MoRTB agrees to pay Japanese firm Tk 1.42b

Munima Sultana 2019-05-12 10:45:13

The authorities concerned have finally agreed to pay part of the claim made by the Japanese firm for completing construction of three new bridges on Dhaka-Chattogram corridor by saving time and money....

RMG trade bodies still issuing UD to errant member units

RMG trade bodies still issuing UD to errant member units

Monira Munni 2019-05-12 10:33:20

Apparel trade groups have not stopped issuing utilisation declaration (UD) to their non-compliant members yet, despite the government order, people familiar with the situation said. In September last...

Bumper Boro yield: Millers eat up farmers' pie

Bumper Boro yield: Millers eat up farmers' pie

Yasir Wardad 2019-05-12 09:48:34

Farmers are left in the lurch because of falling paddy prices this peak Boro harvest period, only benefitting millers and traders. The government's drives to procure 1.2 million tonnes of the staple...

New VAT law: FBCCI blamed for holding up implementation

New VAT law: FBCCI blamed for holding up implementation

Doulot Akter Mala 2019-05-12 09:33:10

The National Board of Revenue (NBR) has alleged the apex chamber body is trying to impede the implementation of new VAT law once again. After a delay of two years, the new VAT and Supplementary Duty...

Day-long e-commerce fair concludes in Mymensingh

Day-long e-commerce fair concludes in Mymensingh

FE Online Report 2019-05-11 20:19:07

A day-long e-commerce fair in Mymensingh was organised on Saturday with the aim to make online-based services popular among people of all walks of life outside of the capital. The fair, which took pl...

2,790 pickup trucks registered in Jan-Mar

2,790 pickup trucks registered in Jan-Mar

FE Online Report 2019-05-11 17:58:48

The number of pickup truck (double/single cabin) registration in the country stood at 2,790 alone in January and March 2019, according to an official data. Of the total, 2,031 pickups were registered...

BRAC Bank celebrates 2nd anniv of  ‘TARA’

BRAC Bank celebrates 2nd anniv of ‘TARA’

FE Online Desk 2019-05-11 14:45:07

BRAC Bank Limited has recently celebrated the second anniversary of the launch of its comprehensive Women’s Banking solutions ‘TARA’. Mr. Selim R. F. Hussain, Managing Director &amp...

NRBC Bank opens booth at Dania

NRBC Bank opens booth at Dania

FE Online Desk 2019-05-11 14:21:34

NRB Commercial Bank Limited (NRBC Bank) recently inaugurated a special Banking Booth at Dania, Jatrabari, Dhaka with state-of-the art banking facilities including ATM Booth and online banking. Kazi M...

BYLC honours six young leaders

BYLC honours six young leaders

-- 2019-05-11 14:11:53

Bangladesh Youth Leadership Center (BYLC), a leadership institute, has honoured six young leaders at a ceremony for their contributions to society. The BYLC handed over awards to the six leaders at i...

EBL signs agreement with Building for Future

EBL signs agreement with Building for Future

FE Online Desk 2019-05-11 14:02:54

Eastern Bank Limited (EBL) has recently signed an agreement with Building for Future Limited, aiming to enhance the quality of home loan service by sharing best value offerings of both the organisatio...

China, US agree to hold more trade talks

China, US agree to hold more trade talks

-- 2019-05-11 12:23:29

China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as US President Donald Trump ordered his trade chief to begin the process of imposing tariffs on...

Three wind power plants up for bidding to produce 150 MW

Three wind power plants up for bidding to produce 150 MW

Syful Islam 2019-05-11 09:58:00

The government has moved to set up three utility-scale wind power plants as part of its efforts to enhance electricity generation from renewable energy sources, officials said. The grid-connected win...

Intel fears unrest at apparel units

Intel fears unrest at apparel units

Rezaul Karim 2019-05-11 09:54:17

Non-payment of wages, arrears and other financial benefits before Eid may cause labour unrest at around hundred apparel units in and around Dhaka city, officials said. Citing a government intellige...

Mukesh Ambani buys iconic British toy store

Mukesh Ambani buys iconic British toy store

-- 2019-05-10 20:29:24

India's richest man Mukesh Ambani has bought the iconic British toy retailer Hamleys for an undisclosed sum. Reliance Brands Limited, which is owned by Mr Ambani, said it had signed an agreement to b...