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The Financial Express

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goBDgo secures prestigious World Travel Award

goBDgo secures prestigious World Travel Award

-- 2018-09-06 11:46:52

Go BD Go Limited has clinched the title "Best Travel Management Company in Bangladesh" at The World Travel Awards (WTA) 2018. In the 25th year celebration of World Travel Awards, goBDgo.com was recog...

IDB to fund $1.0m cotton development scheme

IDB to fund $1.0m cotton development scheme

FE Report 2018-09-06 10:35:59

The Islamic Development Bank (IDB) is set to finance a $1.0 million project in Bangladesh under its newly innovated 'reverse linkage' modality. The Jeddah-based lender will sign a memorandum of und...

BRTC to scrap unfit buses

BRTC to scrap unfit buses

Munima Sultana 2018-09-06 09:57:44

The government is going to scrap a good number of unfit buses of the state-owned Bangladesh Road Transport Corporation (BRTC). Official sources said the vehicles that have become unfit for use in str...

KSA moves to 'fix' recruiters to hire BD workers

KSA moves to 'fix' recruiters to hire BD workers

Arafat Ara 2018-09-06 09:51:06

The Kingdom of Saudi Arabia (KSA) embassy in Dhaka has taken a new move to 'select' a number of local recruiting agencies to submit visas to the embassy for hiring manpower from Bangladesh, said sourc...

Shameeem Ahsan gets CIP status

Shameeem Ahsan gets CIP status

-- 2018-09-05 15:26:43

Shameem Ahsan, Chairman of eGeneration Group and a director of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), has been awarded the CIP (Commercially Important Person) status f...

Tanvir Ahmed receives CIP status

Tanvir Ahmed receives CIP status

-- 2018-09-05 15:10:08

Tanvir Ahmed, Director of Envoy Group and Sheltech Limited, has been awarded the commercially important person (CIP) status for making outstanding contributions to the country's economy. Commerce Mini...

DasCoin continues expansion with fifth exchange partnership

DasCoin continues expansion with fifth exchange partnership

FE Online Desk 2018-09-05 14:13:12

DasCoin, the Currency of Trust and the store of value within the DasEcosystem, begins trading today (Wednesday) on IDAX, bringing DasCoin to an exchange featuring more than 40 coins and tokens and off...

Avnet India secures 'Great Workplace' recognition

Avnet India secures 'Great Workplace' recognition

FE Online Desk 2018-09-05 13:33:05

Avnet India, the largest component distributor in India, has been certified as a Great Workplace for the second consecutive year. The recognition was based on a rigorous assessment by Great Place t...

Uber to block low-rated riders in Australia, New Zealand

Uber to block low-rated riders in Australia, New Zealand

-- 2018-09-05 11:42:21

Uber is to block customers in Australia and New Zealand from its ride service if they have a low passenger rating. Riders rated four-out-of-five stars or lower will be banned for six months. Ratings...

RMG workers have to work 28 hrs more than normal: Study

RMG workers have to work 28 hrs more than normal: Study

FE Report 2018-09-05 10:00:43

A garment worker has to work 28 hours more a month than the working hours stipulated in labour law 2006, a study has revealed. Besides, garment workers work 2.5 extra hours on an average after regu...

RAJUK to develop Purbachal water supply system under PPP

RAJUK to develop Purbachal water supply system under PPP

FE Report 2018-09-05 09:40:04

The Rajdhani Unnayan Kartripakkha (RAJUK) will develop the water supply system at Purbachal, the biggest planned township in the country, under the public-private partnership (PPP) arrangement by 20...

Govt set to introduce UN-developed index

Govt set to introduce UN-developed index

Munima Sultana 2018-09-05 09:36:50

The government is set to introduce an index to assess the level and quality of transport system in the capital city by evaluating the data on 10 indicators, including accidents. The Sustainable Urb...

Eight-month outbound jobs decline by 38pc

Eight-month outbound jobs decline by 38pc

FE Report 2018-09-05 09:35:32

The number of outbound workers dropped by about 38 per cent in the last eight months of the current calendar year, compared to the same period of the last year. According to the data available with t...

BB turns down Janata Bank's plea for fund

BB turns down Janata Bank's plea for fund

Rezaul Karim 2018-09-05 09:17:39

The Bangladesh Bank (BB) has turned down a plea of Janata Bank, seeking Tk 110.49 million for its Janata Exchange Company (JEC), Italy to recoup the loss incurred in last three years, officials said....

Oil prices jump as Gulf of  Mexico rigs evacuated

Oil prices jump as Gulf of Mexico rigs evacuated

-- 2018-09-04 22:07:28

Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane, reports Reuters. US light crude rose $1.31 a barrel from Friday's close to...

Oil prices rise as Gulf of Mexico rigs evacuated

Oil prices rise as Gulf of Mexico rigs evacuated

-- 2018-09-04 15:09:12

Oil prices rose on Tuesday, with US crude breaking through $70 a barrel, after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. US light crude traded at $70.60 a bar...

India's aviation industry losses could reach $1.9b

India's aviation industry losses could reach $1.9b

-- 2018-09-04 14:42:48

Indian airlines are expected to post combined losses of up to $1.9 billion this financial year by the rising costs and low air fares, aviation consulting firm CAPA India said. The loss forecast for t...

Uber starts distributing safety packs to UberMOTO driver-partners

Uber starts distributing safety packs to UberMOTO driver-partners

FE Online Desk 2018-09-04 14:38:48

The world’s largest on-demand ride-sharing company, Uber has started distributing helmets and safety jackets to driver-partners on UberMOTO from today (Tuesday), reiterating its commitment to th...

Dollar steady on lingering trade, emerging market worries

Dollar steady on lingering trade, emerging market worries

-- 2018-09-04 11:15:45

The dollar firmed on Tuesday as investors bid up safe haven assets amid tensions around global trade and strains in emerging market currencies, while the Australian dollar pared losses after Australia...

Tk 543m project cost shoots up to Tk 1.28b!

Tk 543m project cost shoots up to Tk 1.28b!

FHM Humayan Kabir 2018-09-04 10:37:07

The national road and highway developer has sought nearly two-and-a-half time higher funds and two more years to widen a 29-kilometre road in Jamalpur. Officials said the Roads and Highways Departmen...

MoS for greater use of inland waterways

MoS for greater use of inland waterways

Syful Islam 2018-09-04 10:13:57

The ministry of shipping (MoS) has again laid emphasis on transportation of containers to and from seaports using inland waterways to avoid congestion on highways, officials said. Adequate infrastruc...

Raw jute prices witness 30pc hike amid crop loss

Raw jute prices witness 30pc hike amid crop loss

Yasir Wardad 2018-09-04 09:49:27

The prices of raw jute have seen an increase of 30 per cent in this harvesting season, compared to the previous year, amid crop losses caused by unfavourable climatic condition in many districts. O...

Indo-BD pipeline: Project work hits snag over land acquisition

Indo-BD pipeline: Project work hits snag over land acquisition

M Azizur Rahman 2018-09-04 09:21:09

Construction work of the proposed India-Bangladesh Friendship Pipeline to initiate trading of petroleum oil is being delayed due to complexities over land acquisition, officials said. State-run Bangl...

Oil rises as US sanctions  limit Iran exports

Oil rises as US sanctions limit Iran exports

-- 2018-09-03 21:12:53

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United...

178 businesspersons get CIP status

178 businesspersons get CIP status

-- 2018-09-03 20:41:47

A total of 178 businesspersons have got recognition as Commercially Important Persons (CIP) for their contribution to the economic growth of Bangladesh in 2015. The commerce ministry handed over the...

Ford to cut car models as part of restructuring

Ford to cut car models as part of restructuring

-- 2018-09-03 16:33:12

US automaker Ford Motor plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times. The British newsp...

Pragati Life inks deal with CARE Bangladesh

Pragati Life inks deal with CARE Bangladesh

FE Online Desk 2018-09-03 16:12:45

Pragati Life Insurance Limited and CARE Bangladesh signed an agreement to jointly introduce a micro life and health insurance for the rural households. Md Jalalul Azim, CEO of the Pragati Life Insura...

BD urges Canadian investors to invest in bigger way

BD urges Canadian investors to invest in bigger way

-- 2018-09-03 16:12:17

Bangladesh has urged Canadian investors and Bangladeshi Diaspora to bring in bigger investment in the country. Commerce Secretary Shubhashish Bose made the call while addressing a 'luncheon meeting...

Eastern Bank wins Superbrands’ recognition for 2nd time

Eastern Bank wins Superbrands’ recognition for 2nd time

FE Online Desk 2018-09-03 15:03:02

Eastern Bank Limited (EBL) has been honoured as the Superbrands of Bangladesh for 2018-2020. Managing Director and CEO of EBL, Ali Reza Iftekhar and Head of Retail Banking, M Khorshed Anowar received...

AIIB investing up to $274m in BD to help reach energy targets

AIIB investing up to $274m in BD to help reach energy targets

FE Online Desk 2018-09-03 15:00:33

The Asian Infrastructure Investment Bank (AIIB) is helping Bangladesh reach energy targets with up to $274 million in investments. It has taken three projects, to this end, one of which is Distributi...