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The Financial Express

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Govt to build tunnel under Airport Road

Govt to build tunnel under Airport Road

Munima Sultana 2018-08-10 10:26:50

The government has initiated to build a tunnel under the busy Airport Road aimed at preventing casualties. It will be constructed close to the July 29 accident site outside Kurmitola General Hospit...

BRTA sees 40pc rise in applications

BRTA sees 40pc rise in applications

Sajibur Rahman 2018-08-10 10:01:27

Applications seeking renewal of fitness certificates for vehicles have marked a 40 per cent rise over the past few days, official figures showed. According to the Bangladesh Road Transport Authority...

Muhith favours expanding bank branches

Muhith favours expanding bank branches

FE Report 2018-08-10 09:54:50

Finance minister AMA Muhith on Thursday laid emphasis on expanding bank branches across the country to foster the financial inclusion. He said currently there are fewer than 10,000 bank branches in t...

Rooppur NPP accounts for second highest imports in FY '18

Rooppur NPP accounts for second highest imports in FY '18

FE Report 2018-08-10 09:54:48

The total import pertaining to the Rooppur Nuclear Power Plant (NPP) project has emerged as the second largest 'sector' in the country's overseas procurement in the last fiscal year (FY), 2017-18. Th...

Four telcos to get licence to provide mobile towers

Four telcos to get licence to provide mobile towers

-- 2018-08-09 18:50:19

The telecom regulator recently has selected four companies who will get licences to provide mobile towers in the country. The four companies are edotco Bangladesh, TASC Summit Towers, iSON Tower Bang...

Tanners to buy cowhide at lower prices

Tanners to buy cowhide at lower prices

-- 2018-08-09 18:36:16

The government has set prices for rawhides and skins of sacrificial animals ahead of Eid-ul-Azha, keeping the rates lower than last year. Tanners will buy cowhide at Tk 45-50 per square foot in Dhaka...

Chunnu urges owners to pay RMG workers bonus by Aug 16

Chunnu urges owners to pay RMG workers bonus by Aug 16

-- 2018-08-09 18:26:08

State Minister for Labour and Employment Md Mujibul Haque Chunnu on Thursday urged garment factory owners to clear the Eid-ul-Azha bonus of their workers by August 16. He also asked them to pay part...

Chinese companies want to invest in BD: Envoy

Chinese companies want to invest in BD: Envoy

FE Report 2018-08-09 15:16:24

Chinese Ambassador Zhang Zuo has said a number of Chinese companies are eager to invest in different sectors in Bangladesh, including fisheries, agro-processing, footwear, processed food and ready-mad...

Garment workers to get Eid  allowance by August 16

Garment workers to get Eid allowance by August 16

FE Online Report 2018-08-09 14:39:02

Garment workers will receive festival allowances by August 16 on the occasion of Eid-ul-Azha. The decision came at the 37th meeting of the crisis management core committee headed by state minister fo...

EFT Solutions announces FY2019 Q1 results

EFT Solutions announces FY2019 Q1 results

FE Online Desk 2018-08-09 13:48:34

EFT Solutions Holdings Limited has announced its first quarter results with its revenue and profit increasing significantly by roughly 162.5 per cent and 373.7 per cent respectively. For the three mo...

IBBL Khulna zone arranges Shariah Awareness programme

IBBL Khulna zone arranges Shariah Awareness programme

FE Online Desk 2018-08-09 13:32:11

Khulna zone of Islami Bank Bangladesh Limited (IBBL) has organised a Shari’ah Awareness programme for investment clients and officials at Khulna zonal office recently. Md Mozahidul Islam Chowdh...

India for changes in coastal shipping pact with Bangladesh

India for changes in coastal shipping pact with Bangladesh

-- 2018-08-09 12:06:59

Container shipping lines and port operators are seeking a change in the bilateral coastal shipping agreement signed between India and Bangladesh to permit transshipment of Bangladesh cargo from Indian...

LNG import to push up domestic gas price: Nasrul

LNG import to push up domestic gas price: Nasrul

FE Report 2018-08-09 10:31:54

The government would try to ensure uninterrupted supply of natural gas to consumers by year-end, riding on the domestic output and import of LNG, state minister for the Ministry of Power, Energy and M...

Revenue board to discontinue giving tax cards

Revenue board to discontinue giving tax cards

Doulot Akter Mala 2018-08-09 10:06:33

The National Board of Revenue (NBR) has decided not to issue tax identity cards (IDs) to the taxpayers as many raised questions about its effectiveness without legal backup. In the upcoming income ta...

Two govt agencies lock horns over $240m WB grant

Two govt agencies lock horns over $240m WB grant

FHM Humayan Kabir 2018-08-09 09:58:13

The World Bank (WB)-assured US$ 240 million grant for rehabilitation of Rohingya people has been stuck, as two government agencies have been at loggerheads over ownership of the project concerned. Th...

Oil steady as concerns over Iran sanctions  offset weak Beijing imports

Oil steady as concerns over Iran sanctions offset weak Beijing imports

-- 2018-08-08 22:21:54

Oil prices steadied on Wednesday despite relatively weak Chinese import data as the market remained supported by falling US crude inventories and the introduction of sanctions against Iran, reports Re...

Indonesia issues new tax rules as Freeport seeks fiscal guarantee

Indonesia issues new tax rules as Freeport seeks fiscal guarantee

-- 2018-08-08 22:20:56

Indonesia's president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9...

Minister urges China to invest in blue economy

Minister urges China to invest in blue economy

FE Online Report 2018-08-08 20:09:53

Planning Minister AHM Mustafa Kamal on Wednesday urged China to invest in Bangladesh, especially in the blue economy. “There are ample opportunities of investment in marine fisheries sector and...

Toyota recalls 20,702 cars in Russia

Toyota recalls 20,702 cars in Russia

-- 2018-08-08 17:15:22

Toyota has recalled 20,702 cars sold between March 2010 and May 2015 in Russia. Russia’s standards agency revealed the information on Wednesday, reports Reuters. The cars, including the Alphar...

'Focus on effective financing to ensure safe sanitation, water'

'Focus on effective financing to ensure safe sanitation, water'

FE Report 2018-08-08 15:20:24

Effective financing, strong monitoring, and bridging data gap are essential to help ensure better outcome of development activities related to sanitation and safe water particularly, speakers observed...

Ctg users set to get supply from re-gasified LNG next week

Ctg users set to get supply from re-gasified LNG next week

M Azizur Rahman 2018-08-08 14:56:44

Bangladesh finally hooked up the first-ever LNG cargo with subsea pipeline on Sunday (August 5) on the 103rd day of its reaching the country's south coast of Chattogram on April 24. "Now we are carry...

Eight banks, four NBFIs ink deal with BB on IPFF II

Eight banks, four NBFIs ink deal with BB on IPFF II

FE Online Desk 2018-08-08 11:34:46

  Eight banks and four non-bank financial institutions on Tuesday signed a participation agreement with Bangladesh Bank to enjoy funds from an Investment Promotion and Financing Facility (IPFF)...

NCC Bank to receive more remittances from Germany

NCC Bank to receive more remittances from Germany

FE Online Desk 2018-08-08 11:21:03

A high-level delegation led by Md. Nurun Newaz Salim, Chairman and Mosleh Uddin Ahmed, Managing Director & CEO of NCC Bank recently visited Germany to increase foreign remittances as well as to ex...

Govt to sit with traders Thursday to fix prices of rawhide

Govt to sit with traders Thursday to fix prices of rawhide

FE Report 2018-08-08 11:17:27

The government will sit with the traders' associations and stakeholders on Thursday (August 09) to fix prices of rawhide of sacrificial animals and review the prices of essentials ahead of Eid-ul-Azha...

38 govt, pvt agencies ink deal with NBR

38 govt, pvt agencies ink deal with NBR

FE Online Report 2018-08-08 11:05:52

A total of 38 government and private agencies on Tuesday signed agreement with the National Board of Revenue (NBR) to be connected with the National Single Window (NSW) system. The system is meant to...

Record Boro yield, rice import fail to rein in rising prices

Record Boro yield, rice import fail to rein in rising prices

Yasir Wardad 2018-08-08 10:43:35

Rice prices rose steeply in the city market again despite an all-time high Boro yield and record import of the staple grain. The price surge has left the consumers worried, who are already battered...

SL investors interested in energy sector

SL investors interested in energy sector

FE Report 2018-08-08 10:40:49

Sri Lankan investors have shown their interest to invest in the energy sector as the island nation is looking to tap into Bangladesh's growing demand for new energy resources. Simultaneously, the Sou...

Govt set to fix goods export target at $39b

Govt set to fix goods export target at $39b

FE ReportFE Report 2018-08-08 09:35:16

The government is set to fix the country's goods export earnings target at $39 billion for fiscal year 2018-19, officials said. It is 6.36 per cent higher than the $36.66 billion earnings target in t...

India doubles import tax on textile products

India doubles import tax on textile products

-- 2018-08-07 22:06:20

India doubled the import tax on more than 300 textile products to 20 percent on Tuesday as the world's biggest producer of cotton tries to curb rising imports from China. It was the second tax hike o...

Alibaba merging China food delivery units

Alibaba merging China food delivery units

-- 2018-08-07 19:16:31

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-dem...