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The Financial Express

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Facebook shares drop as data privacy fallout spreads

Facebook shares drop as data privacy fallout spreads

Reuters 2018-12-20 10:58:31

Facebook Inc shares sank on Wednesday as concerns about its ability to safeguard user data sparked a government lawsuit, criticism in the US Congress and a New York Times report on how it had shared d...

Cabbage export to grow more than double this winter

Cabbage export to grow more than double this winter

Yasir Wardad 2018-12-20 10:47:15

Export of cabbage is going to more than double this winter, as the demand for the Bangladeshi produce is growing across the globe. The export volume might multiply in coming years, as local traders e...

Banks must reduce classified loans by this year: BB

Banks must reduce classified loans by this year: BB

Siddique Islam 2018-12-20 10:32:02

The central bank has asked all the scheduled banks for taking effective measures to reduce the volume of classified loans significantly by the end of this year. The bankers have, however, sought judi...

Power generation below half-mark of installed capacity

Power generation below half-mark of installed capacity

M Azizur Rahman 2018-12-20 10:12:44

The state-run Bangladesh Power Development Board (BPDB) is keeping the country's overall electricity generation below the half mark of the installed capacity under a 'rationing' system in view of the...

Turkey's first ever nuclear power plant gets limited work permit for unit 2

Turkey's first ever nuclear power plant gets limited work permit for unit 2

FE Online Desk 2018-12-20 10:02:08

The Turkish Atomic Energy Authority (TAEK) has granted a Limited Work Permit (LWP) for construction of Unit 2 of Akkuyu Nuclear Power Plant (AKKuyu NPP), the first ever nuclear power facility in the c...

Oil steady after biggest fall

Oil steady after biggest fall

-- 2018-12-19 21:13:42

LONDON, Dec 19 (Reuters): Oil stabilised on Wednesday after one of its biggest falls for years, but remained under pressure from oversupply and concern that a slowing global economy would depress dema...

EU reveals no-deal plans

EU reveals no-deal plans

-- 2018-12-19 18:51:38

The European Commission (EU) said it started to implement its preparations for a no-deal Brexit - in case the UK crashes out of the EU without a plan. It announced temporary measures to try to reduce...

GSK to split following Pfizer consumer health merger deal

GSK to split following Pfizer consumer health merger deal

-- 2018-12-19 18:07:34

GlaxoSmithKline plans to split into two businesses -- one for prescription drugs and vaccines, the other for over-the-counter products -- after forming a new joint venture with Pfizer's consumer healt...

SJIBL opens 121st branch

SJIBL opens 121st branch

FE Online Desk 2018-12-19 14:12:51

Shahjalal Islami Bank Limited (SJIBL) inaugurated its 121st Branch at Bangla Bazar, Daulatkhan in Bhola on Wednesday. SJIBL Deputy Managing Director M Akhter Hossain formally inaugurated the Branch a...

Green Delta Ins launches “Supreme Celebrity” Selfie Archive Initiative on Victory Day

Green Delta Ins launches “Supreme Celebrity” Selfie Archive Initiative on Victory Day

FE Online Desk 2018-12-19 13:32:34

Green Delta Insurance has taken an initiative titled “Supreme Celebrity” on the occasion of  'victory day'. "We believe the freedom fighters, whose courageous efforts and sacrifice...

Indian drug regulator to test samples of J&J baby powder

Indian drug regulator to test samples of J&J baby powder

-- 2018-12-19 12:24:03

India’s federal drug regulator will seize samples of Johnson & Johnson’s baby powder for testing on Wednesday, local media said, following a Reuters report that the company knew for de...

Accounting professionals need to adopt new technologies

Accounting professionals need to adopt new technologies

Mehdi Musharraf Bhuiyan 2018-12-19 10:23:11

Accounting professionals in Bangladesh and across the world need to adopt new technologies to cope with the ever changing business environment, said a top official of a global body for professional ac...

Capital shortfall hits TCB hard

Capital shortfall hits TCB hard

-- 2018-12-19 10:14:44

The Trading Corporation of Bangladesh (TCB) has long been hamstrung by capital shortfall, making it difficult for the agency to carry out timely market intervention, officials said. Supply of key ess...

Basic rights still elude tea workers

Basic rights still elude tea workers

FE Report 2018-12-19 10:05:27

Majority of the tea plantation workers in the country are being deprived of their rights mainly because of legal bottlenecks and irregularities in government monitoring agencies, a study has revealed....

Annual financial closing of banks on December 27

Annual financial closing of banks on December 27

-- 2018-12-18 21:04:11

The annual financial accounting of the country's scheduled banks will be closed on December 27 instead of December 30. The Bangladesh Bank took the decision as the 11th parliamentary election is sche...

Green Delta Insurance launches ‘Supreme Celebrity’

Green Delta Insurance launches ‘Supreme Celebrity’

FE Online Desk 2018-12-18 20:34:50

Green Delta Insurance has taken an initiative titled ‘Supreme Celebrity’ on the occasion of the Victory Day. The ‘Supreme Celebrity’ is aimed at making a digital selfie archiv...

Govt honours 178 businesspersons with CIP cards

Govt honours 178 businesspersons with CIP cards

-- 2018-12-18 18:32:43

The government on Tuesday honoured 178 businesspersons with Commercially Important Person (CIP) cards for their outstanding contributions to the economy of the country in 2016. Among them, 137 receiv...

BAB to make new accreditation guideline

BAB to make new accreditation guideline

-- 2018-12-18 16:14:56

Bangladesh Accreditation Board (BAB) is going to introduce a new internationally recognised accreditation guideline for giving certificates to the interested local and multinational companies. The in...

United Commercial Bank opens its 186th branch

United Commercial Bank opens its 186th branch

FE Online Desk 2018-12-18 15:37:04

United Commercial Bank Limited has opened its 186th branch at Sharaf Bhata area in Chattogram. Asifuzzaman Chowdhury, Director of UCB inaugurated the branch today (Tuesday), according to a press stat...

Former Trump adviser Flynn to be sentenced for lying to FBI

Former Trump adviser Flynn to be sentenced for lying to FBI

-- 2018-12-18 14:42:05

A judge will decide on Tuesday whether former national security adviser Michael Flynn should be sent to prison for lying to the FBI in a case stemming from the investigation into possible collusion be...

Oil prices drop for third session as oversupply worries drag

Oil prices drop for third session as oversupply worries drag

-- 2018-12-18 14:29:48

Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Concer...

Japan to buy more stealth jets, radar to counter China, Russia

Japan to buy more stealth jets, radar to counter China, Russia

-- 2018-12-18 14:04:30

Japan will accelerate spending on advanced stealth fighters, long-range missiles and other equipment over the next five years to support US forces facing China’s military in the Western Pacific,...

BHBFC pays tribute to freedom fighters

BHBFC pays tribute to freedom fighters

FE Online Desk 2018-12-18 13:29:03

Bangladesh House Building Finance Corporation paid tribute to the valiant freedom fighters on the Victory Day by placing wreaths at the National Memorial at Savar and to the portrait of the Father of...

RHD now can keep record of its 98pc land

RHD now can keep record of its 98pc land

FE Report 2018-12-18 12:17:02

Roads and Highways Department (RHD) is now able to put 98 per cent of its own land on record after its three-year efforts, officials said. RHD owns a total of 69794.84 acres of lands in its 10 zonal...

Grain import plunges 75pc on bumper rice output

Grain import plunges 75pc on bumper rice output

FE Report 2018-12-18 10:49:32

The country's food-grain imports plunged by over 75 per cent to US$ 386 million during the first quarter of this year in terms of letters of credit (LCs) opened after the bumper rice output. LCs wort...

Small footwear makers need low-cost fund to flourish

Small footwear makers need low-cost fund to flourish

Saif Uddin, back from Kishoreganj 2018-12-18 10:39:58

Despite having immense potential, footwear manufacturing business in Bhairab cannot flourish at the desired level, largely due to lack of both low-cost fund and technical assistance, according to insi...

Overseas jobs for BD workers witness sharp fall this year

Overseas jobs for BD workers witness sharp fall this year

Arafat Ara 2018-12-18 10:34:22

Bangladesh celebrates the 'International Migrants Day 2018' today (Tuesday) amid substantial fall in overseas jobs and soaring costs of migration. The day is being observed, as also elsewhere in the...

Petrobangla to count capacity payment for few more weeks

Petrobangla to count capacity payment for few more weeks

M Azizur Rahman 2018-12-18 10:24:09

Petrobangla is unlikely to utilise the full capacity of the floating LNG import terminal and its re-gasification facility before next few weeks due to the scarcity of imported LNG. But the state-run...

J&J moves to limit asbestos report impact

J&J moves to limit asbestos report impact

Reuters 2018-12-18 10:12:50

Johnson & Johnson (JNJ.N) on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, tak...

BD decides to cancel Dhk-Ctg rail project

BD decides to cancel Dhk-Ctg rail project

Mir Mostafizur Rahaman 2018-12-18 09:58:13

The government has decided to scrap the Dhaka-Chattogram high speed rail line project as China complained that the signing of a MoU on the scheme between Bangladesh Railway (BR) and a Chinese company...