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The Financial Express

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Lower grade govt staffers may get e-payment facility by Dec

Lower grade govt staffers may get e-payment facility by Dec

Jasim Uddin Haroon 2018-10-10 12:55:00

The step to bring lower-grade public servants under electronic fund transfer system by December is at the final stage. This will ensure hassle-free salary, bonus and other fund transfer from the gove...

FSIBL donation for ‘Proyash’

FSIBL donation for ‘Proyash’

FE Online Desk 2018-10-10 12:46:25

First Security Islami Bank Ltd has donated an amount to ‘Proyash’, a specialised institution patronised by Bangladesh Army for special children. Mr. Syed Waseque Md. Ali, Managing Directo...

Skincare brand Deciem closes stores following founder’s online post

Skincare brand Deciem closes stores following founder’s online post

-- 2018-10-10 11:42:45

Toronto-based beauty brand Deciem has temporarily shut its stores following a shock announcement by its founder. Brandon Truaxe said in a video on Instagram that they were closing until further notic...

Mobile phone users slam anomalies in telecom sector

Mobile phone users slam anomalies in telecom sector

FE Report 2018-10-10 10:47:14

A section of mobile phone users have observed a token strike by switching off their cell phones for one hour in protest against recent government move in increasing call rate and the prevailing chaos...

Accord starts handover of responsibility next week

Accord starts handover of responsibility next week

Monira Munni 2018-10-10 10:34:25

The global buyers' platform accord will start the process to hand over responsibility of its ongoing safety activities in the country's ready-made garment (RMG) factories to the authority concerned...

DMTCL signs Tk 7.0b deal with seven-co JV today

DMTCL signs Tk 7.0b deal with seven-co JV today

FE Report 2018-10-10 09:32:08

A joint venture (JV) of seven companies from Japan, France, India and Bangladesh is set to get the Tk 7.0-billion consultancy work of the second metro-rail project. Dhaka Mass Transit Company Limited...

Move to devise regional policy to decentralise goods handling

Move to devise regional policy to decentralise goods handling

Syful Islam 2018-10-10 09:27:56

The government has moved to formulate regional policy on decentralisation of loading and unloading of goods to reduce pressure on Chittagong port and ensure optimum use of capacity of other ports, off...

Trouble-torn DEE faces yet another disruption

Trouble-torn DEE faces yet another disruption

Munima Sultana 2018-10-10 09:20:35

The design of piers for the Dhaka Elevated Expressway (DEE), a public-private partnership (PPP) project, has been changed halfway through the first phase work of the project, sources said. They said...

EU mulls starting talks with US to boost beef imports

EU mulls starting talks with US to boost beef imports

-- 2018-10-09 21:20:23

European Union countries are on the verge of agreeing to start negotiations with the United States to allow more US beef into Europe, in what could be a major move to defuse transatlantic trade tensio...

Worldwide Hotels on track for global expansion

Worldwide Hotels on track for global expansion

FE Online Desk 2018-10-09 16:35:47

Singapore's largest homegrown tourist class hotel group Worldwide Hotels is rapidly expanding overseas with its recent acquisition of over eight properties around the Asia pacific. The group owns and...

Around 34 pc of banks’ CSR funds go to education

Around 34 pc of banks’ CSR funds go to education

-- 2018-10-09 16:16:39

Around 34 per cent of the corporate social responsibility (CSR) funds of the country’s commercial banks were spent on education in the past fiscal year. Central bank statistics, released on las...

Similarities could alter customer reactions to service failure: Study

Similarities could alter customer reactions to service failure: Study

FE Online Desk 2018-10-09 15:35:41

Similarities could alter customers' reactions to service failure, irrespective of whether it is any name, hometown or personal characteristic, a study finds. It has significant implications for consu...

Google goes global with 10 events for new Pixel phones

Google goes global with 10 events for new Pixel phones

-- 2018-10-09 14:36:07

Alphabet Inc’s Google will unveil the third edition of its Pixel smartphone at 10 media events across the world on Tuesday, a hint that it is prepared to expand geographic distribution of a devi...

Mercantile Bank holds training course

Mercantile Bank holds training course

FE Online Desk 2018-10-09 12:56:54

Mercantile Bank Training Institute recently organised a day-long training course titled “Conceptual Outline on Money Laundering Prevention Tools & Techniques”. A total of 51 officers...

Union Bank inaugurates Dinajpur Branch

Union Bank inaugurates Dinajpur Branch

FE Online Desk 2018-10-09 12:49:58

Omar Farooque, Managing Director of Union Bank Limited inaugurated the Dinajpur Branch as the chief guest on Monday. Hasan Iqbal, Deputy Managing Director and Suzaur Rob Chowdhury, President, Di...

BIBM seminar Wednesday

BIBM seminar Wednesday

FE Online Desk 2018-10-09 12:24:07

Bangladesh Institute of Bank Management will hold a research workshop on “Money Laundering Vulnerabilities in New Payment Systems: Bangladesh Context” at the BIBM Auditorium on October 10...

EU nations divided on 2030 CO2 curbs for cars, vans

EU nations divided on 2030 CO2 curbs for cars, vans

-- 2018-10-09 12:18:15

European Union environment ministers will seek a compromise on Tuesday over how tough to be on curbing carbon dioxide emissions from cars and vans, with Germany warning too tough targets could harm in...

Jamuna Bank holds RMC meeting

Jamuna Bank holds RMC meeting

FE Online Desk 2018-10-09 12:07:03

The 20th meeting of Risk Management Committee (RMC) of the Board of Directors of Jamuna Bank Limited was held at Gulshan Avenue, Dhaka. The meeting was presided over by Md. Sirajul Islam Varosha, Cha...

Microsoft's $7.5b GitHub deal set for EU approval

Microsoft's $7.5b GitHub deal set for EU approval

Reuters 2018-10-09 11:56:31

US software giant Microsoft is set to win unconditional EU antitrust approval for its $7.5 billion purchase of privately held coding website GitHub, two people familiar with the matter said on Monday....

India hopes for US sanctions waiver after cutting Iran oil imports

India hopes for US sanctions waiver after cutting Iran oil imports

-- 2018-10-09 11:50:18

India hopes to secure a waiver from US sanctions on Iran before they take effect on November 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday. The Unit...

Oil prices rise on signs that Iranian crude exports fall further

Oil prices rise on signs that Iranian crude exports fall further

Reuters 2018-10-09 11:19:20

Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurrica...

Truck strike leads to price hike

Truck strike leads to price hike

FE Report 2018-10-09 11:11:52

The indefinite strike enforced by truck owners and workers continued to disrupt goods transportation throughout the country. It has resulted in a hike in the prices of some commodities. The strike st...

Banks can now lend more as BB relaxes rules

Banks can now lend more as BB relaxes rules

Siddique Islam 2018-10-09 09:54:40

Commercial banks have been empowered to lend more as the central bank has relaxed cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules. Officials said the banks are allowed to mai...

BD preparing for world skills  competition in Russia

BD preparing for world skills competition in Russia

FE Online Desk 2018-10-08 21:49:47

Bangladesh is going to participate at World Skills Competition 2109 at Kazan in Russia aiming at branding the country at the global forum as a skilled nation, said a statement. As part of it, the Nat...

NPLs creating impacts on the banks’ capital adequacy: ICCB chief

NPLs creating impacts on the banks’ capital adequacy: ICCB chief

-- 2018-10-08 18:16:35

Non-performing loans (NPLs) is creating an impact on capital adequacy of banks, specially the eight state-owned commercial and specialised ones. International Chamber of Commerce (ICC) – Bangla...

   Accounting Entities benefit from adopting technology: Survey

  Accounting Entities benefit from adopting technology: Survey

FE Online Desk 2018-10-08 16:23:39

Accounting Entities (AEs), which adopted technology, have made significant improvements in savings of time, cost and rising of revenue, according to a Singapore survey. Those improvements were seen w...

BRAC Bank customers to enjoy special benefits at Square Hospitals

BRAC Bank customers to enjoy special benefits at Square Hospitals

FE Online Desk 2018-10-08 16:03:29

BRAC Bank Limited has recently signed a Memorandum of Understanding (MoU) with Square Hospitals Limited to provide special privileges to its valued customers. Under the agreement, BRAC Bank Women&rsq...

Walmart partners with MGM to boost video-on-demand service Vudu

Walmart partners with MGM to boost video-on-demand service Vudu

-- 2018-10-08 13:46:21

Walmart Inc (WMT.N) said on Monday it would partner with US movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago. Walmar...

PRAN achieves BRC Certificate

PRAN achieves BRC Certificate

FE Online Desk 2018-10-08 13:41:40

PRAN Group, a leading food processor and exporter, has achieved British Retail Consortium-BRC certificate. PRAN Agro Limited and Natore Agro Limited, two sister concerns of PRAN Group, received the...

IBBL inaugurates Agent Banking outlet in Ctg Loharpool

IBBL inaugurates Agent Banking outlet in Ctg Loharpool

FE Online Desk 2018-10-08 13:35:47

      Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet in Loharpool Bazar of Hathazari Upazila, Chattagram recently. Mohammad Ruhul Amin, Hathazari Upazi...