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The Financial Express

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CAAB yet to upgrade airport instrument landing system

CAAB yet to upgrade airport instrument landing system

Kamrun Nahar 2018-10-20 10:44:18

Eleven long years have elapsed, but the instrument landing system (ILS) is yet to be upgraded to the category-2 at three international airports in Bangladesh, insiders said. The reluctance of the Civ...

Project to digitise parliament moves at a snail's pace

Project to digitise parliament moves at a snail's pace

-- 2018-10-20 10:39:46

A three-year project undertaken by the government to digitise the National Parliament is moving at a snail's pace due to reluctance and perceived 'lack of capacity' of the implementing agency. Facing...

Govt approves record number of projects in a calendar year

Govt approves record number of projects in a calendar year

FHM Humayan Kabir and Syful Islam 2018-10-20 10:07:11

The government has endorsed 329 projects in last nine and a half months at a total cost of Tk 3.61 trillion, which is the record highest in a calendar year in terms of number and volume of allocations...

Micro-retailing 2nd-biggest sector

Micro-retailing 2nd-biggest sector

Jasim Uddin Haroon 2018-10-20 09:45:36

With an estimated $18.42 billion in sales, micro-merchants constitute the second-biggest market in Bangladesh after the ready-made garment (RMG), according to a study released last week. The study co...

Asia air cargo market gets e-commerce boost

Asia air cargo market gets e-commerce boost

-- 2018-10-19 21:40:59

Strong e-commerce demand is fuelling Asia's air freight market, with the US-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on...

CPA restarts port channel dredging at Tk 2.42b

CPA restarts port channel dredging at Tk 2.42b

Pankaj Dastider 2018-10-19 15:22:44

CHATTOGRAM: Chittagong Port Authority (CPA) has relaunched the much-awaited capital dredging work in Karnaphuli channel of Chittagong Port after five years. Once implemented, the Tk 2.42-billion Sada...

Netflix needs lower prices to woo India

Netflix needs lower prices to woo India

-- 2018-10-19 12:39:18

Netflix Inc’s (NFLX.O) Indian operation drew attention in a surge of international subscribers in the third quarter, but it faces fierce competition and a difficult cultural conundrum to make in...

National Australia Bank slashes 300 staff

National Australia Bank slashes 300 staff

-- 2018-10-19 12:36:20

About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public...

Berger to set up factory in Sheikh Mujib Shilpa Nagar

Berger to set up factory in Sheikh Mujib Shilpa Nagar

FE Report 2018-10-19 11:54:37

Berger Paints Bangladesh will set up its third factory on 30 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram at a cost of about Tk 2.5 billion. The UK-based paint manufacturer si...

Euro weak as Italian budget raises EU political risks, yen weakens

Euro weak as Italian budget raises EU political risks, yen weakens

-- 2018-10-19 11:53:36

The euro hovered near a one-week low against the dollar on Friday as the European Commission’s criticism of Italy’s populist budget sparked fresh concerns about political tensions in the c...

BGMEA moves to amend re-election provision

BGMEA moves to amend re-election provision

FE Report 2018-10-19 11:44:59

The apex trade body in the apparel sector, BGMEA, has moved to amend a provision in its charter that bars a candidate from contesting the elections to its executive committee after serving three conse...

Tesla launches new $45,000 Model 3

Tesla launches new $45,000 Model 3

-- 2018-10-19 11:41:30

Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as US tax breaks for Tesla cars are about to decrease. According to the website, the rear...

Garlic prices on the upswing

Garlic prices on the upswing

FE Report 2018-10-19 11:35:42

Prices of garlic have surged in the city's kitchen markets this week, compounding woes of the consumers further. Winter crops also started arriving in the market in a larger quantity, but the prices...

BSTI seals off 30 bottled water plants in 10 months

BSTI seals off 30 bottled water plants in 10 months

Talha Bin Habib 2018-10-19 11:35:16

The Bangladesh Standards and Testing Institution (BSTI) sealed off a total of 30 factories for producing unsafe drinking water in the capital from January to mid-October this year, an official said....

Indo-Bangla passenger shipping soon

Indo-Bangla passenger shipping soon

Mir Mostafizur Rahaman 2018-10-19 09:55:01

In a major breakthrough, Bangladesh and India are going to introduce passenger and cruise services on coastal and protocol route shortly. Both the countries are expected to sign the standard operatin...

New LNG terminal: Govt scraps talks with Reliance

New LNG terminal: Govt scraps talks with Reliance

M Azizur Rahman 2018-10-19 09:47:54

The government has scrapped talks with Reliance Power Ltd to build a new floating, storage, regasification unit (FSRU) for LNG imports at Kutubdia Island. A high-powered committee backed down from th...

Daraz to bring 11.11, World’s Biggest Sale Day, to BD

Daraz to bring 11.11, World’s Biggest Sale Day, to BD

-- 2018-10-18 21:42:32

A leading e-commerce company of the country, Daraz is bringing 11.11, the 'World's Biggest Sale Day', to Bangladesh for the first time. During this mega event, since the launch of the new Daraz App,...

Ericsson sacks 50 employees following US corruption probe

Ericsson sacks 50 employees following US corruption probe

-- 2018-10-18 18:29:38

Mobile telecom gear maker Ericsson said on Thursday that it has dismissed 50 people over a US corruption probe it warned could lead to a financial penalty. The Swedish company has previously said tha...

Dollar stands tall, stocks fall after hawkish Fed minutes

Dollar stands tall, stocks fall after hawkish Fed minutes

-- 2018-10-18 15:51:25

The dollar rose to a one-week high on Thursday and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets. China&rs...

China robot market growth to slump this year

China robot market growth to slump this year

-- 2018-10-18 15:08:47

Sales of industrial robots in China, the world’s biggest market, will grow this year at only about a third of last year as an escalating Sino-US trade war hits spending on equipment, a global ro...

Asia Retail Leaders Conference kicks off in Singapore

Asia Retail Leaders Conference kicks off in Singapore

FE Online Desk 2018-10-18 13:25:42

A two-day long Asia Retail Leaders Conference (ARLC) 2018 kicked off at Conrad Centennial Singapore on Thursday. It aims to address challenges, unlock opportunities for growth and identify key value...

China not a currency manipulator: US

China not a currency manipulator: US

-- 2018-10-18 12:10:10

The United States has refrained from labelling China a "currency manipulator" in a move which may help defuse escalating tension over trade between the two countries. President Donald Trump has previ...

US oil edges up after 3.0pc drop on big stock build

US oil edges up after 3.0pc drop on big stock build

-- 2018-10-18 11:02:04

Oil inched up on Thursday amid ongoing tensions over the death of a prominent Saudi journalist, with prices steadying after a big drop overnight due to a jump in US crude stockpiles. US West Texas In...

NBR urges BSTI to fix specific standards for energy, soft drinks

NBR urges BSTI to fix specific standards for energy, soft drinks

Doulot Akter Mala 2018-10-18 10:15:09

National Board of Revenue (NBR) has requested Bangladesh Standards and Testing Institution (BSTI) to determine specific standards for energy drinks, soft drinks and malt beverages on urgent basis for...

Record oil purchase pushes up imports

Record oil purchase pushes up imports

Siddique Islam 2018-10-18 09:46:16

Bangladesh's imports grew by more than 6.0 per cent in the first two months of fiscal year 2018-19, after a record 105.07 per cent increase in oil, officials said. The actual import in terms of settl...

NBR’s e-fiscal devices soon to check VAT evasion

NBR’s e-fiscal devices soon to check VAT evasion

-- 2018-10-17 17:33:48

The National Board of Revenue (NBR) has taken an initiative to procure and install 10,000 electronic fiscal devices (EFD) in 13 types of business entities from next year in a move to check value added...

MGH secures ‘India’s Greatest Brand 2017-18’ award

MGH secures ‘India’s Greatest Brand 2017-18’ award

-- 2018-10-17 16:14:53

The MGH Group has been presented with the ‘India’s Greatest Brands – 2017-18’ award. The ‘India’s Greatest Brands & Leaders’ awards are among India&rsquo...

Customers now can use bkash while making purchases at ECSTASY

Customers now can use bkash while making purchases at ECSTASY

FE Online Desk 2018-10-17 14:45:18

Mobile financial service provider, bKash Limited has recently signed an agreement with the clothing and lifestyle brand ECSTASY, facilitating the customers to pay through bKash while making purchase a...

Berger Paints hands over motorcycles to ‘Samporko Club’ winners

Berger Paints hands over motorcycles to ‘Samporko Club’ winners

FE Online Desk 2018-10-17 13:51:15

Berger Paints Bangladesh Limited handed over motorcycles among 13 champions from the best painters of Berger ‘Samporko Club’ chosen through raffle draw from each sales office across the co...

SJIBL inks deal with West Zone Power

SJIBL inks deal with West Zone Power

FE Online Desk 2018-10-17 13:42:17

Shahjalal Islami Bank Limited recently signed an agreement with West Zone Power Distribution Co. Ltd. M. Akhter Hossain, Deputy Managing Director of Shahjalal Islami Bank Ltd. and Md. Shafique Uddin,...