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The Financial Express

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NCCB cardholders to get discount at Ocean Paradise Hotel

NCCB cardholders to get discount at Ocean Paradise Hotel

FE Online Desk 2018-03-24 13:28:45

NCC Bank Limited has signed a corporate agreement with Ocean Paradise Hotel & Resort. Under the agreement, NCC Bank’s Credit Cardholders will get up to 50 per cent discount on room tariff...

India to impose anti-dumping  duty on BD fishing nets

India to impose anti-dumping duty on BD fishing nets

FE Online Report 2018-03-24 12:49:50

India is going to impose anti-dumping duty on Bangladeshi fishing nets. It came to light as the Directorate General of Anti-Dumping Duty and Allied Duties (DGAD) under the Indian commerce ministry in...

Mercantile Bank, Biman Holidays ink agreement

Mercantile Bank, Biman Holidays ink agreement

FE Online Desk 2018-03-24 11:12:20

Mercantile Bank Limited signed an agreement with Biman Holidays (a wing of Biman Bangladesh Airlines) at the Bank’s head office recently, said a statement. According to the agreement, Biman Hol...

BR moves to reform ticket issuing system

BR moves to reform ticket issuing system

Munima Sultana 2018-03-24 09:55:11

State-owned Bangladesh Railway (BR) has moved to bring about major reforms of its ticket issuing system in a bid to check 'black marketing' of train tickets and ensure better services for passengers,...

Work begins on new PSC to entice IOCs

Work begins on new PSC to entice IOCs

M Azizur Rahman 2018-03-24 09:36:08

The government is working on launch of a new bidding round to lure international oil companies (IOCs) into oil and gas exploration in both onshore and offshore blocks. Discovery of new hydrocarbon re...

Farmers curse luck as processors smile

Farmers curse luck as processors smile

FE Report 2018-03-24 00:37:28

Potato and tomato growers are in great despair as prices dropped to a five-year low this season, causing 35 to 70 per cent of losses, said officials and experts. Md Akram Ali Mridha, a farmer at Kama...

China to export largest tunneling  machine to Bangladesh

China to export largest tunneling machine to Bangladesh

-- 2018-03-24 00:35:49

TIANHE: China's largest self-developed tunneling machine will be exported to Bangladesh to assist with a river tunneling project, breaking the export monopoly of ultra-large tunneling equipment once h...

US metal tariffs: Trump temporarily exempts EU, six others

US metal tariffs: Trump temporarily exempts EU, six others

-- 2018-03-23 18:23:11

US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminium meant to come into effect o...

Food, agro, poultry expos draw huge crowd at ICCB

Food, agro, poultry expos draw huge crowd at ICCB

FE Online Report 2018-03-23 17:31:39

The '3rd Food & Agro Bangladesh International Expo 2018', '3rd Agro Chem Bangladesh Expo 2018’ and '3rd International Poultry & Livestock Expo 2018’ at the International Convention...

Power Division to buy solar power from consumers soon

Power Division to buy solar power from consumers soon

-- 2018-03-23 17:28:53

The Power Division has finally implemented 'net metering system' to buy solar power from consumers from April.  The solar power will be purchased for the national grid as the required policy gui...

Toshiba's $18b chip unit sale faces tight deadline

Toshiba's $18b chip unit sale faces tight deadline

-- 2018-03-23 14:40:50

Japan’s Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be mis...

Saudi opens airspace for flights to Israel

Saudi opens airspace for flights to Israel

-- 2018-03-23 13:12:46

Saudi Arabia opened its airspace for the first time to a commercial flight to Israel with the inauguration on Thursday of an Air India route between New Delhi and Tel Aviv. Air India 139 landed at Te...

Imported garlic, vegetables prices surge in city markets

Imported garlic, vegetables prices surge in city markets

FE Report 2018-03-23 12:38:24

Prices of imported garlic and some summer vegetables increased significantly in the city markets last week, adding to woes of the consumers. Imported garlic (Chinese) was sold at Tk 120-Tk 140 a kilo...

Gold shines as trade war fears rattle markets

Gold shines as trade war fears rattle markets

-- 2018-03-23 10:58:30

Gold prices rose early Friday on a faltering dollar and equities as investors scurried to safety after US President Donald Trump moved towards long-promised anti-China tariffs, prompting a response fr...

VAT on port services : Export sector to enjoy waiver

VAT on port services : Export sector to enjoy waiver

Doulot Akter Mala 2018-03-23 10:21:57

The recently-imposed 15 per cent Value Added Tax on port services will not be applicable to export-sectors, the revenue board said. The National Board of Revenue issued a letter Tuesday after confu...

China gives Baidu go-ahead for self-driving tests after US crash

China gives Baidu go-ahead for self-driving tests after US crash

-- 2018-03-23 10:01:07

A Baidu's Apollo autonomous car is seen during a public road test for self-driving vehicles in Beijing, China March 22, 2018. Reuters China’s capital city has given the green light to tech gian...

iPay launches commercial operation

iPay launches commercial operation

FE Report 2018-03-23 00:39:38

iPay Systems Limited, a digital money transfer platform, launched its commercial operation in the country, aiming to make transactions more transparent and secure. Any client having an iPay wallet li...

Robi to collect electricity bill of DPDC

Robi to collect electricity bill of DPDC

FE Online Desk 2018-03-22 18:03:31

Robi has inked a deal with Dhaka Power Distribution Company Limited (DPDC) to collect electricity bills. Shihab Ahmad, chief digital services officer of Robi, and Joyonto Kumar Sikder, company secret...

Best Buy to sever ties with China's Huawei

Best Buy to sever ties with China's Huawei

-- 2018-03-22 17:39:24

Best Buy Co Inc, the largest US consumer electronics retailer, will cut ties with China’s Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese...

Tourism fair kicks off in city

Tourism fair kicks off in city

FE Online Report 2018-03-22 16:39:16

The fifteenth edition of an international tourism fair titled ‘US-Bangla Airlines Dhaka Travel Mart 2018’ began at Pan Pacific Sonargaon Dhaka on Thursday.  Forty eight organisations...

Coca-Cola builds 20 school sanitation complexes

Coca-Cola builds 20 school sanitation complexes

FE Online Desk 2018-03-22 16:20:55

Coca-Cola Bangladesh Limited has made 20 school sanitation complex in Shyamnagar upazila of Satkhira. The complexes have been built during April 2017 to March 2018 under the project titled ‘&...

Oil loses ground with US output on the rise

Oil loses ground with US output on the rise

-- 2018-03-22 14:58:17

Oil prices gave up earlier gains as the relentless rise in US crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market. Brent crude futures LCOc1 were at $69....

Dollar slips after Fed decision

Dollar slips after Fed decision

-- 2018-03-22 14:32:56

The US dollar slipped on Thursday after the Federal Reserve held back from increasing the pace of this year’s rate hikes, while worries over an impending announcement on trade tariffs from US Pr...

India drops plan to raise wheat import tax

India drops plan to raise wheat import tax

-- 2018-03-22 14:23:58

India has dropped a plan to double a wheat import tax to 40 percent, two government sources said, in a sign it expects imports to make up for a shortfall in domestic production for the third year in a...

MTB opens agent banking centre in Dinajpur’s Kabirajhat

MTB opens agent banking centre in Dinajpur’s Kabirajhat

FE Online Desk 2018-03-22 13:43:17

Mutual Trust Bank Limited (MTB) has recently opened its agent banking centre at Kabirajhat Bazar area of Birganj upazila in Dinajpur. Azam Khan, Group Chief Communications Officer of MTB and Madan Ma...

Laptop export: Walton to blaze a trail in Bangladesh

Laptop export: Walton to blaze a trail in Bangladesh

-- 2018-03-22 13:32:48

Bangladesh is set to enter the laptop export market as its leading electronics giant Walton has signed an agreement on exporting the ‘Made in Bangladesh’ labelled ones in Nigeria. The dea...

Trump set to announce sanctions against China

Trump set to announce sanctions against China

-- 2018-03-22 11:06:16

President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of US technology and likely to trigger retaliation from Beiji...

RMG units to invest $2.0b in MEZ, create 0.5m jobs

RMG units to invest $2.0b in MEZ, create 0.5m jobs

FE Report 2018-03-22 09:53:05

Apparel makers are likely to invest a total of US$ 2.0 billion at the proposed garments park in Chittagong's Mirsarai Economic Zone (MEZ), creating around 0.5 million job opportunities there. Land fo...

Move to generate power from garbage in Narayanganj

Move to generate power from garbage in Narayanganj

-- 2018-03-21 20:54:06

The government plans to generate electricity using 500 metric tonnes of solid waste in Narayaganj. Bangladesh Power Development Board (BPDB) signed a memorandum of understanding (MoU) with Narayangan...

Rice prices to fall further, food minister assures

Rice prices to fall further, food minister assures

-- 2018-03-21 18:21:42

The prices of rice are decreasing and it would decline further as government started importing rice. Food Minister Qamrul Islam came up with the assurance on Wednesday. "Comparing to the neighbourin...