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The Financial Express

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BB eases loan repayment rules for NBFIs' clients

BB eases loan repayment rules for NBFIs' clients

FE REPORT 2022-09-05 08:41:10

The Bangladesh Bank (BB) issued a circular for the non-bank financial institutions (NBFIs) on Sunday, relaxing loan repayment facility for their borrowers, especially the Covid-affected businesses. T...

NBR moves to draft ICD policy

NBR moves to draft ICD policy

DOULOT AKTER MALA 2022-09-05 08:32:58

Businesses involved in the clearance of export-import goods are divided over the existing two policies for setting up and operations of off-docks. Shipping agents prefer the policy framed by the Mini...

Export earnings rise over 36pc year-on-year in August

Export earnings rise over 36pc year-on-year in August

FE ONLINE REPORT 2022-09-04 14:57:55

The country's single-month merchandise export earnings in August 2022 grew by over 36 per cent to $4.60 billion year-on-year. Bangladesh fetched $3.38 billion in August 2021, according to provisional...

1,000 RMG factories run on sub-contract

1,000 RMG factories run on sub-contract

MONIRA MUNNI 2022-09-04 09:07:42

More than a thousand readymade garment (RMG) factories across the country, which mostly operate on sub-contract, are not associated with any of the two apparel apex bodies - BGMEA and BKMEA. As a res...

Salt sells so dear!

Salt sells so dear!

YASIR WARDAD 2022-09-04 09:01:56

Salt also rose up in price last week following the sky-rocketing trends in other essential prices. Maximum retail price (MRP) of the branded iodised salt increased by Tk 3.0-4.0 per packet as sold at...

Inflation bites at producers’ level

Inflation bites at producers’ level

JASIM UDDIN HAROON 2022-09-04 08:56:39

Producer prices surged a near-record amount from a year ago due to a big jump in energy, commodity prices in the international market, Bangladesh Bureau of Statistics (BBS) reported recently. The vol...

Indian ONGC seeks contract redemption

Indian ONGC seeks contract redemption

M AZIZUR RAHMAN 2022-09-04 08:54:39

India's hydrocarbon-exploration company ONGC Videsh Ltd (OVL) has sought extension of its contract tenure again having failed to appoint a drilling contractor due to high cost quotes, sources say, w...

Global food prices dip for fifth month

Global food prices dip for fifth month

-- 2022-09-03 18:28:17

Global food prices dropped for a fifth straight month in August, but were still 8.0 per cent higher than a year ago, according to the UN food and agriculture agency. The cost of food has been one of...

Russia's Gazprom says Siemens Energy ready to fix Nord Stream fault

Russia's Gazprom says Siemens Energy ready to fix Nord Stream fault

-- 2022-09-03 18:03:12

Russia's Gazprom said on Saturday Siemens was ready to carry out repairs on the Nord Stream 1 pipeline but there was nowhere available to carry out the work, a suggestion Siemens denied and said it...

Russia says it will stop selling oil to countries that set price caps

Russia says it will stop selling oil to countries that set price caps

-- 2022-09-03 15:36:34

The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilisation o...

Russia scraps gas pipeline reopening, stoking European fuel fears

Russia scraps gas pipeline reopening, stoking European fuel fears

-- 2022-09-03 10:43:39

Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, after saying it had found faults in the No...

New refinery planned to navigate oil crisis

New refinery planned to navigate oil crisis

FHM HUMAYAN KABIR 2022-09-03 08:12:45

Bangladesh now goes for building a new refinery after Eastern Refinery Ltd's lone outmoded unit proved incapable of refining crude to be imported for navigating the current oil crisis, officials have...

G7 countries agree to cap Russian oil price, Kremlin threatens retaliation

G7 countries agree to cap Russian oil price, Kremlin threatens retaliation

-- 2022-09-02 20:41:31

Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow's war in Ukraine while keeping crude flowing to avoid price spikes, but the...

Sri Lanka keen to lure BD investors

Sri Lanka keen to lure BD investors

FE REPORT 2022-09-02 09:42:02

Sri Lanka is gradually getting back to normalcy after a prolonged economic crisis, and the country is now ready to attract investors in different sectors, representatives of a visiting business dele...

Tariff Commission compiling data to recommend MRP

Tariff Commission compiling data to recommend MRP

DOULOT AKTER MALA 2022-09-02 08:46:44

A move gets going to compile data about the nine essentials listed by the government to set their consumer-level prices, in a latest bid for cooling the overheated market. Bangladesh Trade and Tariff...

BD taking steps to face post-LDC challenges

BD taking steps to face post-LDC challenges

FE REPORT 2022-09-02 08:34:36

Bangladesh is taking preparations to face the challenges, especially to overcome the possible trade barriers, in the post-LDC (least developed country) era, said Economic Relations Division (ERD) Se...

WB may take tough stance on future funding

WB may take tough stance on future funding

-- 2022-09-02 08:16:09

Laggard project-execution performance in Bangladesh's power sector, which is blamed for the current crisis, may make the World Bank toughen its stance on funding at an upcoming review, officials hav...

Shimanto Bank celebrates sixth anniversary

Shimanto Bank celebrates sixth anniversary

-- 2022-09-01 22:23:14

Shimanto Bank Limited celebrated sixth anniversary at its head office on Thursday. Rafiqul Islam, managing director and CEO, was the chief guest of the anniversary programme. Shimanto Bank was offic...

Sri Lanka keen to lure investments from BD

Sri Lanka keen to lure investments from BD

FE ONLINE REPORT 2022-09-01 19:56:43

Sri Lanka is gradually getting back to normalcy after a prolonged economic crisis and is now ready to attract investors in different areas, representatives of a visiting business delegation told a med...

Grand Turkish food festival kicks off at Sheraton Dhaka

Grand Turkish food festival kicks off at Sheraton Dhaka

FE ONLINE DESK 2022-09-01 11:57:36

Sheraton Dhaka in association with BRAC Bank Ltd and VISA hosted a food festival to showcase the exquisite Turkish cuisine, also flavours of the Ottoman, for the food lovers in Dhaka. The Turkish Foo...

FBCCI seeks investment in economic zones

FBCCI seeks investment in economic zones

FE REPORT 2022-09-01 11:08:33

The country's apex trade body has called for the local and foreign entrepreneurs to invest in the economic zones. It urged the local businesses to brand Bangladesh as the most favourable investment...

High-priced medicines earn govt hefty revenue

High-priced medicines earn govt hefty revenue

DOULOT AKTER MALA 2022-09-01 09:06:08

Bangladesh's pharmaceutical sector has grown faster in last five years with product diversification, innovation of new-generation drugs and rising trend in medicine consumption, yielding higher revenu...

Increased workload benefits workers poorly, says study

Increased workload benefits workers poorly, says study

FE REPORT 2022-09-01 09:02:27

Garment workers have hardly benefitted out of their increased workload for a rise in locally-made apparel export orders, according to a joint study. Increased export orders has come in the form of ex...

TIB survey on BD service delivery: People pay Tk 108.3b bribe in a year

TIB survey on BD service delivery: People pay Tk 108.3b bribe in a year

FE REPORT 2022-09-01 08:36:23

Service delivery in Bangladesh involved an estimated Tk 108.3 billion in underhand dealings in a year, according to a 2021 survey by a graft watchdog. At least 70.9 per cent of the service-recipients...

DBH Finance holds training on anti-money laundering

DBH Finance holds training on anti-money laundering

FE ONLINE DESK 2022-08-31 20:21:03

DBH Finance PLC organised a day-long training programme on anti-money laundering recently. The workshop titled ‘Anti Money Laundering & Combating Financing Terrorism (AML & CFT)&r...

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel

-- 2022-08-31 18:57:26

Chinese firm, China Communication Construction Company Limited (CCCCL) will be appointed as a service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram. C...

Survey finds over 29pc RMG factories paid extra money to qualify for compliance standards

Survey finds over 29pc RMG factories paid extra money to qualify for compliance standards

FE ONLINE REPORT 2022-08-31 17:44:16

Over 29 per cent of the readymade garment factories surveyed had to pay inspectors additional money to be eligible for compliant ones, a joint study has revealed. “The survey found that, durin...

Bangladesh to import 0.33m tonnes of rice from India, Vietnam 

Bangladesh to import 0.33m tonnes of rice from India, Vietnam 

-- 2022-08-31 17:21:18

The government will import 330,000 tonnes of rice from India and Vietnam and 500,000 tonnes of wheat from Russia. Cabinet Committee on Government Purchase at a meeting approved such proposals, alon...

Walton launches 'Star Brand Promoter' initiative

Walton launches 'Star Brand Promoter' initiative

FE ONLINE DESK 2022-08-31 15:57:26

The country's top electronics brand Walton launched 'Star Brand Promoter' activities aimed at assisting customers to take appropriate purchase decisions by providing them best services and necessary i...

Move underway to boost BR earnings

Move underway to boost BR earnings

FE REPORT 2022-08-31 12:47:48

Multiple moves have been made to increase the revenue of the loss-making state rail service provider Bangladesh Railway (BR) using its huge assets lying unutilised. Railways minister Nurul Islam Sujo...