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The Financial Express

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NCC Bank training on "IT Security & LAN Management"

NCC Bank training on "IT Security & LAN Management"

FE Online Desk 2019-03-30 11:49:12

A day-long training on "IT Security & LAN Management for LAN Managers" was held at NCC Bank Training Institute recently. Khondoker Nayeemul Kabir, Deputy Managing Director of NCC Bank, inaugurate...

NRBC Bank receives Relationship Award from Spain

NRBC Bank receives Relationship Award from Spain

FE Online Desk 2019-03-30 11:42:06

NRB Commercial Bank Ltd recently received Relationship Award-2018 from Caixa Bank, the largest retail bank of Spain. Mr. Angel Gil Gutierrez, Head of Asia Pacific & GCC for FI of Caixa Bank hande...

Pvt banks' deposit growth falls further last year

Pvt banks' deposit growth falls further last year

Siddique Islam 2019-03-30 10:24:29

The overall deposit growth in the country's private commercial banks (PCBs) fell further last year despite allowing the state-owned enterprises (SoEs) to deposit of half their funds with them. The fa...

Cellphone imports slip as higher duty stings: IDC

Cellphone imports slip as higher duty stings: IDC

Mehdi Musharraf Bhuiyan 2019-03-30 10:14:17

The imports of mobile phones slumped by 17 per cent in last year, as increased duty on cellular handsets weighed on the purchase by price-sensitive customers. Even the recent introduction of 4G servi...

Gas price hike for IOCs on the cards

Gas price hike for IOCs on the cards

M Azizur Rahman 2019-03-30 09:35:58

Bangladesh plans a 7.5-per cent hike in gas price for international oil companies to lure global players into hydrocarbon exploration in its untapped offshore blocks in the upcoming bidding. The sele...

Oil set for biggest quarterly rise since  2009 amid OPEC cuts, US sanctions

Oil set for biggest quarterly rise since 2009 amid OPEC cuts, US sanctions

-- 2019-03-29 21:05:35

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009, reports Reuters...

Turkish Airlines holds agency award night

Turkish Airlines holds agency award night

Our Correspondent 2019-03-29 21:04:18

CHATTOGRAM, Mar 29: Turkish Airlines, the national flag carrier of Turkey, arranged an award distribution ceremony for its top travel and cargo agents under the banner "Agency Award Night" on Wednesda...

LME sets out potential changes to warehousing rules to boost stocks

LME sets out potential changes to warehousing rules to boost stocks

-- 2019-03-29 21:02:45

Proposals to modify London Metal Exchange rules to attract more metal into its system would help boost stocks and revenues for warehousing firms and improve transparency, LME chief executive Matt Cham...

India proposes delaying retaliatory tariffs on US goods

India proposes delaying retaliatory tariffs on US goods

-- 2019-03-29 20:41:01

India’s trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some US goods that were due to go into effect from April 1, a trade ministry sp...

Prawn production witnesses sharp rise since FY12

Prawn production witnesses sharp rise since FY12

Sajibur Rahman 2019-03-29 20:01:10

Prawn (Galda) production in the country witnessed a sharp rise in the fiscal year 2011-12 (FY12) compared to that in the previous fiscal (FY11), and continued the upward trend till fiscal year 2016-20...

285 delivery vans registered in Jan-Feb 2019

285 delivery vans registered in Jan-Feb 2019

FE Online Report 2019-03-29 19:25:59

Around 285 delivery vans were registered in the country in January and February 2019, according to an official data. A total of 2,100 delivery vans were registered in 2018, according to Bangladesh Ro...

Airports of Thailand to hold duty-free auction in May

Airports of Thailand to hold duty-free auction in May

-- 2019-03-29 16:31:47

Airports of Thailand Pcl will hold the auction for its biggest duty-free concession at Bangkok’s Suvarnabhumi airport in May, the company said on Friday. The existing duty-free license is set t...

Thrust on steps to implement GCM

Thrust on steps to implement GCM

FE Report 2019-03-29 12:02:12

Speakers at a programme have stressed the need for taking necessary measures to implement the Global Compact on Migration (GCM) to ensure safe, orderly and regular migration. They have also said over...

Essential items get pricier

Essential items get pricier

FE Report 2019-03-29 11:36:03

As holy month of Ramadan is approaching, prices of many key essentials, including fish, meat, egg, vegetables and spices have started to increase in the city kitchen markets, compounding woes of the c...

Four-day food, agro product expos begin in city

Four-day food, agro product expos begin in city

FE Report 2019-03-29 10:31:13

A four-day international event on food and agricultural products was formally inaugurated at the city's International Convention City Bashundara (ICCB) on Thursday. The expositions of the event are t...

NBR Tax Zone-13 starts survey for new taxpayers

NBR Tax Zone-13 starts survey for new taxpayers

FE Report 2019-03-29 10:27:09

Tax Zone-13 of the National Board of Revenue (NBR) launched a taxpayers' survey on Thursday in the areas under its jurisdiction to find out new taxpayers. NBR member (income tax) Meftah Uddin Khan in...

Matarbari deep-sea port to outshine Asian peers

Matarbari deep-sea port to outshine Asian peers

Syful Islam 2019-03-29 10:01:39

The Matarbari deep-sea port will have the highest water draft against similar facilities in Asia, officials said. The first phase of the port is expected to be completed by 2023 when one jetty for ha...

Go for medium-term investment: Kamal

Go for medium-term investment: Kamal

FE Report 2019-03-29 09:17:21

Finance Minister AHM Mustafa Kamal on Thursday suggested that the investors invest in the capital market, considering the long-term outlook. "It's (capital market) long-term…. at least you (in...

AIIB lends US$120 million to improve BD energy sector

AIIB lends US$120 million to improve BD energy sector

FE Online Desk 2019-03-28 13:32:56

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of USD120 million for the Bangladesh Power System Upgrade and Expansion Project that will upgrade and expand the power transmission...

Sony to close smartphone plant in China, shift production to Thailand

Sony to close smartphone plant in China, shift production to Thailand

-- 2019-03-28 13:27:50

Sony Corp will close its smartphone plant in Beijing in the next few days, a company spokesman said, as the Japanese electronics giant aims to cut costs in the loss-making business. Sony will shift p...

BRAC Bank earns 5.7pc y/y net profit growth in 2018

BRAC Bank earns 5.7pc y/y net profit growth in 2018

FE Online Desk 2019-03-28 13:01:58

BRAC Bank Limited has earned a net profit (profit after tax) growth of 5.7 per cent in 2018 on standalone (solo) basis compared to 2017. On consolidated basis, the fastest growing bank recorded a net...

BB asks banks to follow new export policy

BB asks banks to follow new export policy

FE Online Report 2019-03-28 12:45:32

The Bangladesh Bank has asked all the foreign exchange dealer banks to follow the new export policy while making foreign exchange transactions in regards to exports in goods and services from Banglade...

Boeing rolls out software fix for 737 MAX, awaits approval

Boeing rolls out software fix for 737 MAX, awaits approval

-- 2019-03-28 11:39:11

Boeing on Wednesday (local time) took its most aggressive moves yet to defend its core 737 airliner franchise, saying it had developed software fixes to prevent failures of an automated flight contr...

BD calls for ILO focus on work challenges ahead

BD calls for ILO focus on work challenges ahead

FE Report 2019-03-28 10:30:00

The International Labour Organisation's (ILO) centenary declaration should give a clear direction about how to address the challenges and opportunities of future work taking the changing trend of worl...

'Wake-up call for UK' as car output continues to slump

'Wake-up call for UK' as car output continues to slump

Reuters 2019-03-28 10:29:16

British car production slumped by an annual 15.3 per cent last month as demand in important European and Asian markets fell, an industry body said on Thursday as it warned again about the damage a no-...

Issue visas to Bangladeshi nationals without delay

Issue visas to Bangladeshi nationals without delay

FE Report 2019-03-28 10:23:33

Terming the relations between Bangladesh and Thailand time tested, Commerce Minister Tipu Munshi on Wednesday urged the Thai government to take steps to issue visas to Bangladeshi nationals without de...

NBR server hacking: Measures to be taken to prevent recurrence

NBR server hacking: Measures to be taken to prevent recurrence

FE Report 2019-03-28 09:28:46

Finance Minister AHM Mustafa Kamal has said that preventive measures should have been taken much earlier to avoid incidents like hacking of server belonging to the revenue board. A group of unscrupul...

PMO issues directives to support women investors

PMO issues directives to support women investors

Doulot Akter Mala 2019-03-28 09:19:10

The Prime Minister's Office (PMO) has issued a set of 12-point directives to increase the share of women investors in the national economy by offering necessary fiscal, administrative, and regulatory...

US-Bangla to start morning flights on Dhaka-Sylhet route

US-Bangla to start morning flights on Dhaka-Sylhet route

FE Online Desk 2019-03-27 18:29:49

US-Bangla Airlines is introducing regular morning flights on the Dhaka-Sylhet-Dhaka route from March 31. The airliner has been operating four flights on the route everyday at noon and evening since S...

NBR moves to ensure accountability in bond facility

NBR moves to ensure accountability in bond facility

-- 2019-03-27 17:40:26

The National Board of Revenue (NBR) plans to introduce a system to prevent the open market sale of items imported under bond facilities. The revenue collection authority's 'Bond Automation' initiativ...