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The Financial Express

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Govt plans commercial centres around two city railway stations

Govt plans commercial centres around two city railway stations

Mir Mostafizur Rahaman 2018-05-23 10:27:54

The Bangladesh Railway (BR) has envisaged a project to establish commercial centres around the Kamalapur and Airport railway stations in the city at an estimated cost of Tk 50 billion (5,000 crore)....

New customs law unlikely to come into force from next FY

New customs law unlikely to come into force from next FY

Doulot Akter Mala 2018-05-23 10:12:37

The new customs law is unlikely to come into force from the fiscal year (FY) 2018-19 as the National Board of Revenue (NBR) has yet to complete the process of placing the act before parliament. Off...

Govt plans deals on supply of LNG from spot market

Govt plans deals on supply of LNG from spot market

FE Report 2018-05-23 09:43:20

The government has prepared the draft of a general master sales agreement (MSA), covering a dozen of global companies, on the supply of liquefied natural gas (LNG) from the spot market. The state-run...

NBR seeks govt help to realise VAT, SD arrears from Petrobangla

NBR seeks govt help to realise VAT, SD arrears from Petrobangla

Rezaul Karim 2018-05-23 09:32:32

The revenue board has sought help from the government to realise Tk 212 billion in VAT and SD arrears from Petrobangla, officials said. "It is very urgent to pay outstanding dues for achieving the re...

Robi 4G subscriptions reach 1m

Robi 4G subscriptions reach 1m

-- 2018-05-22 20:29:33

Mobile phone operator, Robi has recently reached one million 4G subscribers within the first quarter of this year. By the time, Robi has also expanded its 4.5G network to 425 thanas with more than 4,...

FBCCI stresses proper banking support to investors

FBCCI stresses proper banking support to investors

-- 2018-05-22 19:33:38

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Tuesday said banking sector should be further modernised as it can provide proper financial supports to the investors for accelera...

Oil prices firm with Brent nearing $80 on supply worries

Oil prices firm with Brent nearing $80 on supply worries

-- 2018-05-22 14:44:43

Oil prices rose on Tuesday, with Brent edging closer to $80 per barrel, on concerns that Venezuela’s crude output could drop further following a disputed presidential election and potential US s...

LankaBangla Securities,  LEADS Corp sign MoU

LankaBangla Securities, LEADS Corp sign MoU

FE Online Desk 2018-05-22 14:30:08

A Memorandum of Understanding (MoU) was signed between LankaBangla Securities Limited and LEADS Corporation Limited for development and implementation of blockchain and Chatbot applications. The sign...

BAT Bangladesh hands over cheque to Worker’s Welfare Fund

BAT Bangladesh hands over cheque to Worker’s Welfare Fund

FE Online Desk 2018-05-22 14:18:27

As per the labour law of the country, British American Tobacco Bangladesh (BAT Bangladesh) handed over BDT 8,82,07,988 to the Labour Welfare Fund. On Sunday, at the Ministry of Labour and Employment,...

SIBL, Hotel Purbani ink deal

SIBL, Hotel Purbani ink deal

FE Online Desk 2018-05-22 14:12:57

Social Islami Bank Limited (SIBL) and Hotel Purbani International Ltd signed a Memorandum of Understanding (MOU) at the Head Office of the Bank Tuesday. In presence of the Managing Director of Social...

Daraz Bangladesh teams up with ACME

Daraz Bangladesh teams up with ACME

FE Online Desk 2018-05-22 13:51:23

Online shopping platform Daraz Bangladesh (daraz.com.bd) has inked a partnership agreement with ACME. ACME started FMCG business in 2005 and it was named as ACME Agrovet & Beverages Ltd. Scion M...

China to ink deal with US soon to remove ban on ZTE

China to ink deal with US soon to remove ban on ZTE

-- 2018-05-22 13:22:18

Washington and Beijing are nearing a deal that would remove an existing US order banning American companies from supplying Chinese telecommunications equipment maker ZTE Corp, two people briefed on th...

BRAC Bank holds anti money laundering workshop

BRAC Bank holds anti money laundering workshop

FE Online Desk 2018-05-22 12:49:46

BRAC Bank Limited has arranged a workshop on ‘Prevention of Money Laundering and Combating Financing of Terrorism’ at the BRAC Learning Centre in Barishal. Md Anwar Hossain, executive dir...

Sony buys majority stake in EMI Music

Sony buys majority stake in EMI Music

-- 2018-05-22 11:27:35

Sony says it has agreed to buy a controlling stake in EMI Music Publishing for $2.3 billion as it looks to boost its music portfolio. The deal would mean Sony would indirectly own about 90 per cent o...

Salt output misses target, reliance on imports grows

Salt output misses target, reliance on imports grows

Abdul Monayem Khan 2018-05-22 10:23:53

Salt production in the country fell short of the target this year also in continuation of the trend of last few years leading to the country's growing dependence on imports. The current season fetche...

New device set to replace ECR

New device set to replace ECR

Doulot Akter Mala 2018-05-22 10:18:10

The National Board of Revenue (NBR) is set to make use of Electronic Fiscal Device (EFD) mandatory for businesses from the upcoming fiscal year, officials said. This will scrap the existing order for...

Shrimp sector launches  e-traceability system

Shrimp sector launches e-traceability system

FE Report 2018-05-22 00:34:21

A proto-type of planned e-traceability system for shrimps was launched recently in Khulna. Md Raisul Alam Mondal, Secretary, Ministry of Fisheries and Livestock (MOFL), officially launched the system...

Shimanto Bank holds exchange of views meeting

Shimanto Bank holds exchange of views meeting

FE Desk 2018-05-22 00:33:13

Shimanto Bank Limited organised an exchange of views meeting with peasants, farmers and small entrepreneurs at its Bibir Bazar branch in Cumilla recently. Chief Executive Officer (CEO) and Managing...

Shohoz launches new logo

Shohoz launches new logo

FE Online Desk 2018-05-21 20:56:27

Shohoz, an online bus ticket booking and ride sharing service launched their new logo on Monday to reflect the services that it’s deploying. State Minister for Information and Communication Te...

BB raises EDF loan limit for BGMEA, BTMA

BB raises EDF loan limit for BGMEA, BTMA

FE Online Report   2018-05-21 18:41:23

Bangladesh Bank (BB) has raised the loan limit for the members of BGMEA and BTMA Export Development Fund (EDF) scheme. “It has now been decided to enhance the limit of US$ 20 million to $25 mil...

BB raises loan limit of export development fund

BB raises loan limit of export development fund

-- 2018-05-21 18:20:35

Bangladesh Bank (BB) has increased the loan limit of its Export Development Fund (EDF) to $25 million from $20 million. "It has been decided to enhance the limit of $20 million to $25 million for mem...

GE nears deal to merge transportation unit with Wabtec

GE nears deal to merge transportation unit with Wabtec

Reuters 2018-05-21 15:16:22

General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp, a US maker of equipment for the rail industry, two people familiar with...

‘Shariah implementation in AIBL’  held

‘Shariah implementation in AIBL’ held

FE Online Desk 2018-05-21 14:24:26

A day-long training course on ‘Shariah Implementation in AIBL’ organised by Al-Arafah Islami Bank Training & Research Institute (AIBTRI) was held recently. Managing Director (current...

Bangladesh shrimp sector enters into e-traceability system

Bangladesh shrimp sector enters into e-traceability system

FE Online Desk 2018-05-21 14:17:11

A proto-type of the planned e-traceability system was launched recently in Khulna. Md. Raisul Alam Mondal, Secretary, Ministry of Fisheries and Livestock (MOFL) officially launched the system, said a...

China praises positive steps in US trade row

China praises positive steps in US trade row

Reuters 2018-05-21 14:13:09

Chinese state media on Monday praised a significant dialling back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win busine...

Dollar hits five-month high

Dollar hits five-month high

-- 2018-05-21 13:40:25

The dollar hit a fresh five-month high on Monday as investors heaved a sigh of relief after US Treasury Secretary Steven Mnuchin declared the US-China trade war “on hold” following their a...

MDB organises Foundation Training Programme

MDB organises Foundation Training Programme

FE Online Desk 2018-05-21 12:04:51

The Training Institute of Midland Bank Limited (MDBTI) recently organised a five-day Foundation Training Programme for its officials. Md Ahsan-uz Zaman, Managing Director and CEO of the Bank inaugura...

US underscores importance of concluding new NAFTA deal

US underscores importance of concluding new NAFTA deal

-- 2018-05-21 11:31:38

US Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20...

'Micro-merchants' have limited access to finance

'Micro-merchants' have limited access to finance

Jasim Uddin Haroon 2018-05-21 11:01:35

Bangladesh has over 1.1 million 'micro-merchants' engaged in fast-moving consumer goods (FMCG) trade with estimated annual sales of over US$ 18.35 billion a year, according to a study conducted by t...

Banks' VAT collection from overseas ads under scrutiny

Banks' VAT collection from overseas ads under scrutiny

Doulot Akter Mala 2018-05-21 10:06:37

The VAT authorities have made an initiative to scrutinise major commercial banks' VAT collection from overseas payment of advertisement bills on Facebook, YouTube and other online networks. To this...