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The Financial Express

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Alibaba to buy minority stake in Focus  Media

Alibaba to buy minority stake in Focus Media

-- 2018-07-19 12:47:06

Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital market...

Govt to prepare eco-friendly goods’ list

Govt to prepare eco-friendly goods’ list

Talha Bin Habib 2018-07-19 11:43:34

The government has started the process of identifying environment-friendly goods under its negotiations with the World Trade Organisation (WTO), officials said. Under the initiative, the designated c...

Ctg-Cox's Bazar Expressway: Govt averse to mull over Chinese bid

Ctg-Cox's Bazar Expressway: Govt averse to mull over Chinese bid

Munima Sultana 2018-07-19 10:26:21

After rejection of a Chinese company's proposal on the Dhaka-Sylhet Highway expansion project, the government is now unwilling to continue with its next proposal for development of the Chittagong-Co...

CBC suggests change in ownership in foreign cos

CBC suggests change in ownership in foreign cos

Doulot Akter Mala 2018-07-19 10:23:20

The Customs Bond Commissionerate (CBC) is for imposition of restriction on issuance of bond licence to the factories having cent per cent ownership of foreign nationals. The CBC has submitted a propo...

CCC, BHTPA sign MoU to build software park in Ctg

CCC, BHTPA sign MoU to build software park in Ctg

Our Correspondent 2018-07-19 10:16:41

The Chittagong City Corporation (CCC) is set to set up the first software technology park in the port-city to help achieve the government's Vision 2021. To this end, CCC signed a memorandum of unders...

BD third top aquaculture fish producing country

BD third top aquaculture fish producing country

FE Report 2018-07-19 10:12:41

Bangladesh has become the third top aquaculture fish producing country in the world, according to the Food and Agriculture Organisation (FAO). As per the FAO's latest report in 2018, Bangladesh ranks...

China's Kunming Iron will submit final proposal by Oct

China's Kunming Iron will submit final proposal by Oct

Mir Mostafizur Rahaman 2018-07-19 10:09:45

Chinese steel goliath Kunming Iron and Steel Holding Company (KISC) is likely to submit its final proposal for its 2.3 billion dollar steel plant project by October this year. Chairman Zhao Yongpin...

US wants B'desh to withdraw cotton import restrictions

US wants B'desh to withdraw cotton import restrictions

Mehdi Musharraf Bhuiyan 2018-07-19 09:54:48

American cotton industry leaders have called for lifting the age-old fumigation rules on the import of US commodity in Bangladesh. Fumigation not only imposes an additional cost burden on the importe...

EU hits Google with record $5.0b fine

EU hits Google with record $5.0b fine

-- 2018-07-18 18:16:38

EU regulators hit Google with a record 4.34 billion euros ($5.0 billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. The penalty is nearly double...

Crown cement organises family night for top channel partners

Crown cement organises family night for top channel partners

-- 2018-07-18 16:35:46

M. I. Cement Factory Ltd organised a programme titled ‘Crown Family Night’ for its top 50 channel partners and their family at The Palace Luxury Resort hotel in Habiganj recently. Md Alam...

Govt to probe BB 'gold scam'

Govt to probe BB 'gold scam'

FE Online Report 2018-07-18 14:02:44

The allegation of irregularities in gold preserved in the central bank vault will be investigated further, the state minister for finance MA Mannan said on Wednesday. "The matter will be looked into,...

Dorsett Wanchai launches charitable family package

Dorsett Wanchai launches charitable family package

-- 2018-07-18 13:40:39

Hong Kong's award-winning Dorsett Wanchai hotel has teamed up with Hong Kong Youth Arts Foundation, Genecylee Gallery and aspiring local artists to launch a charitable Fantastic 4 family package. The...

FBCCI for speedy construction of Patenga Terminal

FBCCI for speedy construction of Patenga Terminal

FE Report 2018-07-18 12:38:07

Business leaders have called for speedy completion of Patenga Terminal construction work to help ease the container congestion in the Chittagong port. They also suggested earmarking a specific area i...

Dollar hits six-month peak against yen

Dollar hits six-month peak against yen

-- 2018-07-18 12:29:11

The dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the US economy. In closely watched...

Naogaon farmers losing interest in jute cultivation

Naogaon farmers losing interest in jute cultivation

Roving Correspondent 2018-07-18 12:16:44

Farmers of Mohadevpur upazila of the district are losing their interest to grow jute due to shortage of capital and low market prices. A good number of farmers said commercial jute cultivation was po...

Uber steps up investment in Mexico

Uber steps up investment in Mexico

-- 2018-07-18 11:41:59

Uber Technologies has said that it has invested more than $500 million in Mexico since it launched there in 2013, underscoring the country’s importance to the ride-hailing firm as it faces new c...

RAKUB conducts its 480th board meeting

RAKUB conducts its 480th board meeting

-- 2018-07-18 11:39:48

Rajshahi Krishi Unnayan Bank (RAKUB) should explore the potential sectors for the sake of bolstering the agro-based economy in the region through bringing those under exclusive financing. The RAKUB s...

No further extension of Accord-Alliance tenure

No further extension of Accord-Alliance tenure

FE Report 2018-07-18 10:38:33

The government has reiterated its stance of not extending the tenure of two Western retailers' platforms -- the Accord and the Alliance -- beyond December 2018. The two foreign inspection agencies we...

Paper industry on the upswing

Paper industry on the upswing

Saif Uddin 2018-07-18 10:24:43

The country's paper industry has been on a positive growth trajectory as the demand for paper rising on both the local and international markets, insiders said. Only a few years back, imported paper...

Govt set to go for 60/70 grade bitumen in road construction

Govt set to go for 60/70 grade bitumen in road construction

Syful Islam 2018-07-18 10:18:48

As part of sustainable road construction, the government has decided to use only 60/70 grade bitumen while ensuring its longevity, officials said. The 60/70 grade bitumen is being regarded as appropr...

Egg price soars 30pc in a month

Egg price soars 30pc in a month

Sajibur Rahman 2018-07-18 09:45:27

The retail price of egg, the widely-consumed protein item, has shot up by 30 per cent within a month in the markets across the capital, according to vendors. The egg price has now reached Tk 100 a do...

Dhaka proposes instituting Saudi residential facilities for domestic helps

Dhaka proposes instituting Saudi residential facilities for domestic helps

Arafat Ara 2018-07-18 09:41:39

The government has proposed that Saudi Arabia introduce residential facilities for women domestic helps working in the Gulf country, officials said. Dormitory will help reduce the exploitation of mai...

Urea supply crisis may hit next Boro crop

Urea supply crisis may hit next Boro crop

Jubair Hasan 2018-07-18 09:27:58

Severe urea fertiliser crisis is feared in the upcoming Boro season, as the authority concerned finds it difficult to handle the growing supply-demand mismatch of the key agro input, officials said....

Dr Atiur stresses sustaining financial stability

Dr Atiur stresses sustaining financial stability

-- 2018-07-17 21:46:26

Bangladesh Bank (BB) former governor Dr Atiur Rahman has suggested continuing to remain focused on the hard-earned financial stability for sustaining the macroeconomic transformation of Bangladesh. H...

ServicEngine gets National Export Gold Trophy

ServicEngine gets National Export Gold Trophy

FE Desk 2018-07-17 21:45:34

The government has awarded the National Export Trophy to ServicEngine BPO for its contribution to the country's export trade in computer software, says a statement. A total of 63 companies and enterp...

Trade union rejects proposals on minimum wage

Trade union rejects proposals on minimum wage

FE Online Report 2018-07-17 19:09:10

A trade union has rejected the proposals submitted by representatives of garment factory owners and workers on minimum wage for entry-level apparel workers. The Bangladesh Sanjukta Garments Sramik Fe...

Japan, EU sign FTA amid Trump’s trade war

Japan, EU sign FTA amid Trump’s trade war

-- 2018-07-17 17:46:44

Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by US President Donald Trump’...

Linkus ends ‘Road to Final’ campaign

Linkus ends ‘Road to Final’ campaign

FE Online Desk 2018-07-17 16:54:48

Linkus Network Technology Bangladesh Limited, a digital entertainment and Live streaming app, has successfully completed its ‘Road to Final’ campaign with a raffle draw. Linkus organise...

Oil climbs from 3-month low as  more oil workers strike in Norway

Oil climbs from 3-month low as more oil workers strike in Norway

-- 2018-07-17 14:44:37

Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude...

BD’s success stories need to get global exposure

BD’s success stories need to get global exposure

Mehdi Musharraf Bhuiyan 2018-07-17 14:03:03

Bangladesh's recent economic successes need better publicity and visibility abroad, said a senior official of global financial giant Standard Chartered. This, in turn, would help the country enhance...