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The Financial Express

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Three int'l flights miss arrival schedules at HSIA

Three int'l flights miss arrival schedules at HSIA

FE Online Report 2018-11-30 12:09:28

Three flights of different airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Friday. A flight of Kuwait airways from Kuwait was schedul...

Tea production higher than last year's

Tea production higher than last year's

Iqbal Siddiquee 2018-11-30 10:26:40

SYLHET: The country's tea production this time would be higher than the last year's, officials said. Since the national production is already 3.5 million kgs more till the end of October than the cor...

NBR relaxes provision for cotton imports

NBR relaxes provision for cotton imports

Doulot Akter Mala 2018-11-30 10:03:25

Raw cotton importers will now get their customs assessment done before submitting plant quarantine certificates in a relaxed facility that will speed up goods release. But the customs authorities wil...

'Too many' garment safety initiatives raise costs: IAF

'Too many' garment safety initiatives raise costs: IAF

FE Report 2018-11-30 09:50:09

The International Apparel Federation (IAF) said it will work on harmonising the garment industry initiatives including audit systems. "Too many" initiatives are increasing the cost of doing business...

IOM taking steps for global standardisation of manpower recruiters

IOM taking steps for global standardisation of manpower recruiters

FE Report 2018-11-30 09:37:13

International Organisation for Migration (IOM) has taken an initiative to ensure international standardisation of manpower recruitment agencies to facilitate an ethical recruitment system for Banglade...

Dhaka International Trade Fair begins Jan 9

Dhaka International Trade Fair begins Jan 9

-- 2018-11-29 20:05:25

The month-long Dhaka International Trade Fair (DITF) will begin from January 9 instead of January 1 due to upcoming parliamentary elections. Talking to BSS, Director General of the Export Promotion B...

Two domestic flights miss departure schedules at Dhaka airport

Two domestic flights miss departure schedules at Dhaka airport

FE Online Report 2018-11-29 15:13:16

Two domestic flights of different airlines have failed to meet their departure schedules at Hazrat Shahjalal International Airport (HSIA) on Thursday. A flight of Novoair was scheduled to depart the...

Unilever CEO Paul Polman to retire

Unilever CEO Paul Polman to retire

-- 2018-11-29 14:56:52

Anglo-Dutch consumer goods company Unilever said its CEO Paul Polman was retiring less than two months after a damaging row with shareholders, and would be replaced by the head of its beauty unit Alan...

Emirates bags five major awards in one week

Emirates bags five major awards in one week

FE Online Desk 2018-11-29 14:53:19

Emirates has scooped five industry-leading awards in the space of just a week, including 'Best Airline in the World' and Best Airline in the Middle East' at the 2018 ULTRAs. In a vote taken by over 0...

Volkswagen planning new North America factory

Volkswagen planning new North America factory

-- 2018-11-29 14:21:26

Volkswagen is deciding where to locate a new factory in North America to build electric vehicles for the US market, the German automaker’s new head for the Americas said on Wednesday. Scott Keo...

Lane Crawford launches biodegradable paper packaging in Asia

Lane Crawford launches biodegradable paper packaging in Asia

FE Online Desk 2018-11-29 14:10:11

Lane Crawford, Asia's iconic department store, has become the first luxury retailer in Asia to provide non-toxic, biodegradable paper packaging. With the issue of environmental waste high on its agen...

NCC Bank signs deal with Momo Inn Hotel & Resort

NCC Bank signs deal with Momo Inn Hotel & Resort

FE Online Desk 2018-11-29 13:25:49

NCC Bank Limited has recently signed a corporate agreement with Momo Inn Hotel & Resort. Under the agreement, NCC Bank’s Credit and Debit Cardholders, along with all levels of Employees wil...

AIIB confirms $3.0m grant for two RHD projects

AIIB confirms $3.0m grant for two RHD projects

Munima Sultana 2018-11-29 12:48:22

Asian Infrastructure Investment Bank (AIIB) has assured Bangladesh of providing necessary technical support for preparing two regional road connectivity projects to be funded by the lender. During th...

French contractor Technip eyes second oil refinery

French contractor Technip eyes second oil refinery

FE Report 2018-11-29 10:22:51

The state-run petroleum corporation has finalised a design to build a new crude oil refinery in Chattogram with a capacity of 3.0 million tonnes per year. Bangladesh Petroleum Corporation (BPC) recen...

Further cut in tax on more Internet services likely

Further cut in tax on more Internet services likely

Doulot Akter Mala 2018-11-29 10:18:32

Further reduction of taxes on some Internet services is likely to come into effect from December as consumers are not getting the benefit of the cutback. The reduction of VAT by 10 per cent for Inter...

Europe-based rights groups call for Accord continuation

Europe-based rights groups call for Accord continuation

FE Report 2018-11-29 10:06:58

Several Europe-based oganisations involved in ethical garment trade have urged the government for taking necessary measures in addressing the challenges over the continuation of the Accord in the coun...

WB likely to give $188m for renewable energy dev

WB likely to give $188m for renewable energy dev

FHM Humayan Kabir 2018-11-29 09:59:48

The World Bank (WB) is likely to provide US$ 188 million worth of funds for setting up a 50-megawatt (MW) solar power plant and renewable energy development works, officials said on Wednesday. The go...

LNG supply shortage forces GTCL to suspend operation

LNG supply shortage forces GTCL to suspend operation

M Azizur Rahman 2018-11-29 09:45:09

The gas supply through the long-awaited Anwara-Fouzdarhat transmission pipeline had to be suspended only four hours after its commissioning on Tuesday night due to a scarcity of re-gasified LNG (lique...

WorldRemit banks on cheaper service to expand BD business

WorldRemit banks on cheaper service to expand BD business

Mehdi Musharraf Bhuiyan 2018-11-28 22:03:38

WorldRemit, a global digital money transferring giant, is aiming to expand its footprint in Bangladesh by capitalising on the country's strong mobile money culture. To that end, the UK based compan...

Porsche to unveil new 911 at Los Angeles Auto Show

Porsche to unveil new 911 at Los Angeles Auto Show

-- 2018-11-28 16:51:50

Porsche says its future is in electric cars but for now it is rolling out a more powerful version of its internal combustion mainstay, the sleek 911 sports car. Stuttgart-based Porsche, part of Volks...

BSCIC plans to create 5000 jobs in Rajshahi

BSCIC plans to create 5000 jobs in Rajshahi

-- 2018-11-28 15:32:27

Expansion of the industrial estate of Bangladesh Small and Cottage Industries Corporation (BSCIC) in Rajshahi would create employment opportunities for around 5,000 people. A Tk 1.3174 billion projec...

BMW considering second US manufacturing plant

BMW considering second US manufacturing plant

-- 2018-11-28 14:56:18

BMW is considering a second US manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on Tuesday, shortly after a report that US President Donald Trump w...

Midland Bank opens new branch in Bagerhat

Midland Bank opens new branch in Bagerhat

-- 2018-11-28 13:51:05

Midland Bank Limited has opened its Foyla Bazar branch at Uzalkur Union of Rampal upazila in Bagerhat. Md Ahsan-uz Zaman, Managing Director and CEO of the bank inaugurated the branch today (Wednesday...

BHTPA to build tech institute after Hasina

BHTPA to build tech institute after Hasina

Mir Mostafizur Rahaman 2018-11-28 12:05:39

The government is going to establish a new technological institute after Sheikh Hasina in Madaripur district. The Bangladesh High-Tech Park Authority (BHTPA) has initiated a project titled, 'Sheikh H...

Shohoz to expand service outside Dhaka with foreign investment

Shohoz to expand service outside Dhaka with foreign investment

Adnan Hossain Bhuiyan 2018-11-28 11:01:09

Shohoz, a Dhaka-based start-up widely known for its ride-hailing service, now plans to expand its operation outside the capital city with fresh foreign investment. The app-based firm, which started i...

Authority ferrets out anomalies over source tax deduction

Authority ferrets out anomalies over source tax deduction

Doulot Akter Mala 2018-11-28 10:51:47

The revenue board has unearthed irregularities in tax deduction by some of the companies, firms and other deducting authorities. Officials of the National Board of Revenue (NBR) said the withholding...

Trading sector eats up 51pc of SME financing

Trading sector eats up 51pc of SME financing

Rezaul Karim 2018-11-28 10:04:18

The trading sub-sector gets more than 51 per cent of the loans and advances disbursed by the banks and financial institutions to the small and medium enterprises (SMEs) sector, according to official f...

Shipbuilding industry: Govt produces skilled workforce of 7,500 in three years

Shipbuilding industry: Govt produces skilled workforce of 7,500 in three years

FHM Humayan Kabir, Back from Chattogram 2018-11-28 09:46:19

The government is working to produce skilled manpower for the shipbuilding industry, and it already trained up a workforce of over 7,500 in three years, officials said. With the financial support of...

BRAC Bank, bKash join hands with WorldRemit

BRAC Bank, bKash join hands with WorldRemit

FE Report 2018-11-27 23:26:34

International digital money transfer service WorldRemit has tied up with local entities BRAC Bank and bKash to enhance its footprint in Bangladesh. As a result, Bangladeshi diaspora living in over 50...

Saudi Aramco aims to  become gas exporter

Saudi Aramco aims to become gas exporter

-- 2018-11-27 21:18:32

Saudi Aramco's gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday,...