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The Financial Express

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BARVIDA calls for reducing rents at Ctg port

BARVIDA calls for reducing rents at Ctg port

FE REPORT 2022-08-31 11:01:55

Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has called for reducing rents at the Chittagong port following a rise in their business-operation cost in recent months....

Rights activists call for sustainable reintegration of migrant returnees

Rights activists call for sustainable reintegration of migrant returnees

FE REPORT 2022-08-31 09:02:40

Rights groups have called for ensuring a sustainable reintegration of migrant returnees through giving them income-generating scope and psychosocial support. They also suggest undertaking long-term...

ACC finds massive irregularities in ticket pricing by private train operators

ACC finds massive irregularities in ticket pricing by private train operators

FE REPORT 2022-08-31 08:50:46

The Anti-Corruption Commission (ACC), in a drive at the city's Kamalapur Railway Station on Tuesday, unearthed massive irregularities in ticketing of privately operated commuter train services. The c...

Limping BRT project seeks yet longer time

Limping BRT project seeks yet longer time

FHM HUMAYAN KABIR 2022-08-31 08:41:58

Already late by years, the ill-fated Airport-Gazipur Bus Rapid Transit (BRT) corridor seeks time extension for a fifth time, up to December next year, sources say. The ministry of road transport and...

Iraq oil exports unaffected by political turmoil

Iraq oil exports unaffected by political turmoil

-- 2022-08-30 20:40:42

Iraq's oil exports are unaffected by the current political turmoil in the country, three sources told Reuters on Tuesday. Baghdad is seeing its worst fighting for years as clashes between Shi'ite Mus...

FBCCI welcomes fuel oil price re-adjustment

FBCCI welcomes fuel oil price re-adjustment

-- 2022-08-30 19:54:05

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has welcomed the decision for price re-adjustment of fuel oil as it would decrease the pressure on the national economy despite...

Bangladesh to fix prices of nine daily essentials

Bangladesh to fix prices of nine daily essentials

-- 2022-08-30 15:56:05

The Bangladesh government will soon fix the prices of nine essential commodities, including rice and wheat, to ease public suffering, a senior minister has said. "The Tariff Commission will determine...

Tesla hit with proposed class action over phantom braking issue

Tesla hit with proposed class action over phantom braking issue

-- 2022-08-30 13:03:00

A California owner of a Tesla Model 3 sued the electric vehicle maker in a proposed class action over cars suddenly stopping for non-existent obstacles, calling it a "frightening and dangerous nightma...

Competition Commission for conditional import of salt

Competition Commission for conditional import of salt

FE REPORT 2022-08-30 11:11:48

Edible salt could be imported following domestic production shortage in order to stabilise the market, Bangladesh Competition Commission gave such an order in the judgment of a case on Monday. "In th...

Ministry sits with stakeholders today on prices of essentials

Ministry sits with stakeholders today on prices of essentials

FE REPORT 2022-08-30 10:43:43

The Ministry of Commerce is set to hold a meeting with the stakeholders today (Tuesday) to devise strategies on how to keep the prices of essential items stable in the market. The meeting with trader...

Rice import L/C opening time until September

Rice import L/C opening time until September

YASIR WARDAD 2022-08-30 10:36:32

Traders get until September to open letters of credit (L/Cs) for importing 1.06-million tonnes of rice until September as only 25 per cent have been opened so far. Food ministry earlier fixed August...

Exporters fear losing aromatic rice market due to export ban

Exporters fear losing aromatic rice market due to export ban

FE REPORT 2022-08-30 09:24:46

Country's rice exporters fear losing the international market of aromatic rice as different neighbouring countries are trying to take control over the Bangladeshi fragrant rice market due to a ban on...

Trial run of Indian ships thru' Ctg port this week

Trial run of Indian ships thru' Ctg port this week

FE REPORT 2022-08-30 09:19:51

India is holding another trial run of its ships this week using Chittagong Port - to check readiness for starting regular transhipment of cargoes to and from Kolkata and the north-eastern states using...

Credit expansion stokes fear of inflation fuelling

Credit expansion stokes fear of inflation fuelling

SIDDIQUE ISLAM 2022-08-30 08:28:32

Credit flow into Bangladesh's private sector has been on the up and up pushed by rising demand, particularly for trade financing, sources say on a cautious note about a possible side-effect. The uptu...

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice

Bangladesh finalising deals with Vietnam, India to import 330,000 tonnes of rice

-- 2022-08-29 20:28:50

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the...

Fuel oil prices reduced by Tk 5 a litre

Fuel oil prices reduced by Tk 5 a litre

-- 2022-08-29 19:42:20

The government has reduced the prices of fuel oil by Tk 5 a litre 23 days after raising the prices by as much as 51.68 per cent. The new prices of diesel, kerosene, octane and petrol will be effectiv...

BURO raises Tk 5.75b for SME syndicated loans

BURO raises Tk 5.75b for SME syndicated loans

FE ONLINE REPORT 2022-08-29 16:04:42

BURO Bangladesh has raised the first-ever syndicated local currency loan of Tk 5.75 billion for SME financing from nine commercial banks. Citibank, N.A. worked as the lead arranger for this syndica...

Trust Bank signs agreement with BB to provide term loans to CMSMEs

Trust Bank signs agreement with BB to provide term loans to CMSMEs

FE ONLINE DESK 2022-08-29 11:41:42

Trust Bank Limited recently signed an agreement with Bangladesh Bank to provide term loan facilities to Cottage, Micro, Small and Medium Enterprises (CMSMEs) entrepreneurs under the CMSME Refinance Sc...

Govt opens cell to monitor fertiliser supply

Govt opens cell to monitor fertiliser supply

FE REPORT 2022-08-29 10:38:18

Mismanagement across the country in fertiliser supply has prompted the government to open a control room to monitor the fertiliser condition in the country. The Ministry of Agriculture on Sunday set...

Chinese contractor submits safety plan for BRT project

Chinese contractor submits safety plan for BRT project

FE REPORT 2022-08-29 10:07:09

The Chinese company concerned has submitted a detailed safety plan for the entire Joydevpur-Airport corridor for approval from the BRT project's consultants with a target to resume the construction wo...

Power, gas users paid Tk 315.35b taxes in 5 FYs

Power, gas users paid Tk 315.35b taxes in 5 FYs

DOULOT AKTER MALA 2022-08-29 09:26:38

Industrial and domestic consumers of two basic utility services - electricity and gas - paid Tk 315.35 billion taxes to the public exchequer with their consumption charges during the last five fiscal...

FC settlement thru' RTGS from Sept 04

FC settlement thru' RTGS from Sept 04

SIDDIQUE ISLAM 2022-08-29 09:13:50

The central bank has decided to introduce foreign currency (FC) clearing and settlement through the RTGS system for the first time - from September 04 - to facilitate business activities, officials...

Fresh fees imposed on 46 export-import services

Fresh fees imposed on 46 export-import services

FE REPORT 2022-08-29 08:50:11

The government has imposed fresh fees on 46 types of export-import services to increase its non-tax earnings to make two ends meet, in a measure seen as ill-timed. By a twin-stroke it has also increa...

Govt tightens stance on project time, cost overrun

Govt tightens stance on project time, cost overrun

FHM HUMAYAN KABIR 2022-08-29 08:24:57

Project revision and extension faces hard times as the Planning Commission is applying a new method of scrutinising every step during implementation of ongoing projects to prevent time and cost esca...

Rice market: Import duty withdrawn, regulatory excise duty reduced to 5.0pc

Rice market: Import duty withdrawn, regulatory excise duty reduced to 5.0pc

-- 2022-08-28 23:16:12

The government on Sunday withdrew the total import duty on rice and reduced the regulatory excise duty from 25 per cent to 5 per cent. The government issued a gazette notification on Sunday after gro...

NBR waives advance tax on diesel to cut import cost

NBR waives advance tax on diesel to cut import cost

-- 2022-08-28 21:31:25

The National Board of Revenue (NBR) has waived the entire advance tax on diesel aiming to cut the import cost of the key gasoline item. The NBR issued a notification in this regard, according to a BS...

Suzuki to set up new global research company in India

Suzuki to set up new global research company in India

-- 2022-08-28 21:26:57

Japan's Suzuki Motor Corp will set up a new global research and development company in India and continue to invest in the country aggressively, its president Toshihiro Suzuki said on Sunday. The new...

US computer firm Dell ceases all Russian operations

US computer firm Dell ceases all Russian operations

-- 2022-08-28 19:16:58

Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. The US computer fir...

Bangladesh to import 500,000 tonnes of wheat from Russia

Bangladesh to import 500,000 tonnes of wheat from Russia

-- 2022-08-28 17:41:31

Bangladesh plans to import 500,000 tonnes of wheat at $430 a tonne from Russia in a government-to-government deal as it battles to secure supplies amid surging prices. Two government officials with t...

Mohammad Jahangir takes charge as MD and CEO of Rupali Bank Ltd

Mohammad Jahangir takes charge as MD and CEO of Rupali Bank Ltd

FE ONLINE DESK 2022-08-28 15:53:19

Mohammad Jahangir on Sunday assumed charge as managing director and chief executive officer of Rupali Bank Ltd, reads a press release. Earlier on 14th August, the Financial Institution Division under...