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The Financial Express

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Tk 30b Mongla Port development projects start soon

Tk 30b Mongla Port development projects start soon

-- 2019-01-05 16:21:55

Work on a set of infrastructure development projects aimed at increasing the capacity of Mongla Port, the second largest seaport of the country, is likely to begin in the first quarter of this year....

Trump downplays Apple warning

Trump downplays Apple warning

-- 2019-01-05 13:50:03

President Donald Trump on Friday downplayed a revenue warning from Apple Inc that cited slowing sales in China and said China’s weakening economic growth puts the United States in a strong posit...

Ericsson strikes SC for arrest of Anil Ambani

Ericsson strikes SC for arrest of Anil Ambani

-- 2019-01-05 13:12:44

Ericsson India Private Limited has petitioned the Supreme Court (SC) to arrest Reliance Communications (RCom) chief Anil Ambani over recurring delays in payment of its dues worth Rs 5.50 billion. The...

Bhutan sticking to customs guarantee

Bhutan sticking to customs guarantee

Syful Islam 2019-01-05 11:22:59

Bhutan is pressing its case seeking to furnish a customs guarantee instead of a bank guarantee for transit of its goods through Bangladesh. Bhutan fears that the issuance of any bank guarantee would...

Freighter operation by Biman likely

Freighter operation by Biman likely

Kamrun Nahar 2019-01-05 10:50:35

Biman Bangladesh Airlines is conducting a feasibility study on its freighter operation, a senior Biman official said. A five-member committee, formed on December 12 last, has been assigned to do the...

BD workers bear brunt of visa trading in Kuwait

BD workers bear brunt of visa trading in Kuwait

Arafat Ara 2019-01-05 10:25:12

Visa trading goes uncontrolled badly affecting the lives of Bangladeshi workers in Kuwait as many of them still remain jobless there, victims and insiders said. In addition, they said, many workers a...

Chinese AI firms look to foray into South Asia

Chinese AI firms look to foray into South Asia

Ismail Hossain back from Beijing 2019-01-05 10:02:31

Chinese face recognition technology firms look to expand their business in South Asian countries including Bangladesh following the omnipresence of the tech across China. Chinese public and private...

BIDA seeks nearly Tk 2.0b to build its headquarters

BIDA seeks nearly Tk 2.0b to build its headquarters

FHM Humayan Kabir 2019-01-05 10:01:49

The Bangladesh Investment Development Authority (BIDA) has sought more than twice the funds it had originally asked for building its 12-storied headquarters (HQ). The BIDA wants to make the building...

Rice retails at high rate

Rice retails at high rate

FE Report 2019-01-05 09:57:13

Rice prices have gone up further in the retail market in less than two weeks, but reasons behind such a surge remain unascertained. As always, millers and traders play a trump of increased prices o...

WB suggests launching agri-insurance schemes

WB suggests launching agri-insurance schemes

Mehdi Musharraf Bhuiyan 2019-01-05 09:50:56

A report of World Bank (WB) has suggested the government to overhaul its current insurance act to make way for launching a diverse line of agri-insurance schemes. At the same time, it has proposed fo...

Gold demand remains subdued  in India despite discounts

Gold demand remains subdued in India despite discounts

-- 2019-01-04 20:51:46

Gold discounts in India widened to a two-month high this week as prices surged to a more than six-month peak and demand remained subdued due to New Year holidays, reports Reuters. Benchmark spot gold...

US, China to hold trade talks in Beijing next week

US, China to hold trade talks in Beijing next week

-- 2019-01-04 18:09:02

A US delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The closely watched meeting follows a dismal week for US markets, with...

Huawei punishes staffs for posting official tweet via iPhone

Huawei punishes staffs for posting official tweet via iPhone

-- 2019-01-04 17:56:29

Two Huawei employees who sent a message from the Chinese telecom firm's Twitter account using an iPhone device have been punished, a memo says. The tweet, posted on New Year's Day, wished followers a...

Sterling edges up ahead of UK services data

Sterling edges up ahead of UK services data

-- 2019-01-04 15:44:12

Sterling rose on Friday after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check. The pound sank to its lowest since April 201...

Nissan's Ghosn to appear in court within five days

Nissan's Ghosn to appear in court within five days

-- 2019-01-04 13:24:57

Ousted Nissan Motor Co Chairman Carlos Ghosn is set to appear in court within five days after he requested an open hearing to hear the reason for his detention, Japan's NHK reported on Friday. It wou...

China warnings signal Trump's trade war finally hitting home

China warnings signal Trump's trade war finally hitting home

-- 2019-01-04 13:24:27

Weak sales at Apple and Cargill, US giants of technology and agriculture, may be the clearest sign yet that President Donald Trump’s quest to reset world trade carries costs at home and could is...

CCC starts terminal work, canal digging in February

CCC starts terminal work, canal digging in February

Our Correspondent 2019-01-04 13:08:25

CHATTOGRAM: Work on the construction of a bus-truck terminal and the digging of a new canal start next month to address the port city's perennial gridlock and waterlogging. The Chattogram City Corpor...

RAKUB to introduce online banking services in rural areas

RAKUB to introduce online banking services in rural areas

-- 2019-01-04 12:54:34

Rajshahi Krishi Unnayan Bank (RAKUB) will launch online banking services in rural areas as part of its implementation of core banking solution (CBS). In this regard, RAKUB signed an agreement with Le...

Sino-US trade talks a tonic as markets wager on Fed rate cut

Sino-US trade talks a tonic as markets wager on Fed rate cut

-- 2019-01-04 12:39:32

Asian shares found a crumb of comfort on Friday as Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in US interest rates mig...

Two Biman flights miss arrival schedules at HSIA

Two Biman flights miss arrival schedules at HSIA

FE Online Report 2019-01-04 12:35:42

Two flights of Biman Bangladesh Airways have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Friday. BG 144 from Kuwait was scheduled to arrive at...

US job gains seen picking up, may soothe jittery markets

US job gains seen picking up, may soothe jittery markets

-- 2019-01-04 11:48:00

US job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy’s health that have roiled financia...

Yen weakens but moves capped by global growth worries

Yen weakens but moves capped by global growth worries

-- 2019-01-04 11:27:38

The safe-haven yen weakened versus the dollar on Friday on hopes upcoming US-China trade talks would make some progress, but broader market confidence remained weak amid worries over slowing global gr...

Oil dips on manufacturing downturn, but OPEC cuts offer support

Oil dips on manufacturing downturn, but OPEC cuts offer support

-- 2019-01-04 11:14:43

Oil prices dropped on Friday after the United States followed most other major economies into a manufacturing downturn, although supply cuts by producer club OPEC kept declines in check. Internationa...

BD's global trade to rise on using India transshipment facility

BD's global trade to rise on using India transshipment facility

Mir Mostafizur Rahaman 2019-01-04 10:16:33

Bangladesh's use of Indian transshipment facility will boost the country's international trade and enhance competitiveness, economists and business leaders told the FE on Thursday. They gave the opin...

Prices of ginger soar, onion rise

Prices of ginger soar, onion rise

-- 2019-01-04 10:00:27

The prices of ginger, one of the main cooking ingredients, witnessed a big rise at city markets last week, augmenting woes of the consumers further. The prices of onion also considerably increased la...

Low demand cuts gas, power output notably

Low demand cuts gas, power output notably

M Azizur Rahman 2019-01-04 09:42:03

The country's overall electricity and natural gas production fell drastically over the past several days following a low demand and sloth business activities centering the eleventh parliamentary elect...

J&J’s India sales dip 3.0pc in 2018

J&J’s India sales dip 3.0pc in 2018

-- 2019-01-03 21:02:30

Johnson & Johnson's sales in India dipped 3.0 per cent in the year to March 2018, a regulatory filing showed on Thursday, as the US drugmaker grappled with the country's stringent medical device p...

Motorola’s new smartphones to hit BD market on Jan 5

Motorola’s new smartphones to hit BD market on Jan 5

-- 2019-01-03 20:58:10

Motorola's new smartphone 'MotorolaOne' will be available in Bangladesh from January 5. The phone runs on AndroidOne and packs a Qualcomm Snapdragon 625 chipset and an octa-core processor under the h...

Tax at source reduced in RMG sector

Tax at source reduced in RMG sector

-- 2019-01-03 20:58:02

The tax at source in the export-oriented RMG sector has been reduced to 0.25 per cent from the existing 0.6 per cent in a bid to enhancing the competitive edge of the sector. The National Board of Re...

KSA may cut Feb prices for heavy crude to Asia

KSA may cut Feb prices for heavy crude to Asia

-- 2019-01-03 20:44:31

Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said on Thursday, reports Reuters...