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The Financial Express

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ICMAB team meets Finance Secretary

ICMAB team meets Finance Secretary

FE Online Desk 2018-03-07 13:27:44

A delegation of ICMAB led by its President Mr. Mohammed Salim FCMA called on Mr. Mohammad Muslim Chowdhury, Secretary in Charge, Finance Division, Ministry of Finance at his office recently to di...

IPDC Finance sponsors ‘WALCOM 2018'

IPDC Finance sponsors ‘WALCOM 2018'

FE Online Desk 2018-03-07 13:04:35

IPDC Finance Limited recently sponsored ‘WALCOM 2018- The 12th International Conference and Workshops on Algorithms and Computation’. This International event with series of workshops were...

Banker-women entrepreneur confce begins Thursday

Banker-women entrepreneur confce begins Thursday

FE Online Desk 2018-03-07 12:46:40

A three-day long banker-women entrepreneur conference and commodity fair begins on the premises of Shishu Academy premises in Dhaka Thursday to mark 'Women's Day'. Bangladesh Bank arranged the event...

German automakers gain ground in South Korea

German automakers gain ground in South Korea

-- 2018-03-07 12:00:59

Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM a...

Govt likely to share 2.0pc VAT with ECR vendors

Govt likely to share 2.0pc VAT with ECR vendors

FE Report 2018-03-07 10:32:25

The revenue board may share up to 2.0 per cent of VAT with the vendors of electronic cash register (ECR) for their after-sales monitoring service, as the existing system floundered. Sources said the...

LNG import: Govt goes slow as infrastructure not ready yet

LNG import: Govt goes slow as infrastructure not ready yet

M Azizur Rahman 2018-03-07 10:12:28

The government has adopted a go-slow strategy to sign sales and purchase agreements (SPAs) with LNG suppliers as necessary infrastructure to 'evacuate' the fuel is not ready yet, officials said. They...

Sugar dearer despite dropoff in int'l prices

Sugar dearer despite dropoff in int'l prices

Yasir Wardad 2018-03-07 00:47:22

Sugar has become pricier in the country, though prices of the essential commodity fell on the international market. Prices of the item went up by Tk 2.0-Tk 4.0 a kilogramme both at wholesale and reta...

Oil inches up on strong demand  forecasts, OPEC-led output cuts

Oil inches up on strong demand forecasts, OPEC-led output cuts

-- 2018-03-07 00:46:24

Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster prices, reports Reuters...

Australian wheat output likely to jump 11.8pc

Australian wheat output likely to jump 11.8pc

-- 2018-03-07 00:45:23

Australia's 2018/19 wheat crop is expected to rise 11.8 per cent from the previous season, the country's chief commodity forecaster said on Tuesday, as La Nina weather conditions boost yields across t...

Domino’s Pizza outlets to open in Bangladesh

Domino’s Pizza outlets to open in Bangladesh

-- 2018-03-06 20:09:42

World famous Domino’s Pizza is set to enter Bangladesh through a joint venture of Golden Harvest Group and India’s Jubilant FoodWorks. Jubilant FoodWorks will be the major shareholder ow...

BGMEA, Canadian envoy discuss RMG issues

BGMEA, Canadian envoy discuss RMG issues

-- 2018-03-06 19:56:09

Canadian High Commissioner in Dhaka Benoit Prefontaine on Tuesday met high level officials of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at its office in the city, reports UNB....

Vietnam President eyes higher trade with BD

Vietnam President eyes higher trade with BD

FE Online Report 2018-03-06 15:15:11

The trade volume between Bangladesh and Vietnam could reach US$ 2 billion in next two years if the two countries can properly tap into their two-way business potentials, Vietnamese President Tran Dai...

EBL inks deal with Pathao

EBL inks deal with Pathao

FE Online Desk 2018-03-06 14:37:30

Eastern Bank Limited (EBL) has recently signed an agreement with the transportation technology company ‘Pathao’ in Dhaka. M Khorshed Anowar, head of business (retail banking) of the EB...

Discount on Pathao ride for EBL cardholders

Discount on Pathao ride for EBL cardholders

FE Online Desk 2018-03-06 14:17:31

Eastern Bank Limited (EBL) and Pathao signed an agreement in Dhaka recently under which EBL cardholders are offered  40 per cent discount during the first use of the Pathao app and will get 25 pe...

Prime Bank becomes PFI for BB project

Prime Bank becomes PFI for BB project

FE Online Desk 2018-03-06 10:44:14

Prime Bank became Participating Financial Institution (PFI) for refinance programme of SMEDP2 (Small and Medium Enterprise Development Project 2) implemented by Financial Inclusion Department (FID) of...

Govt raises tannery workers’ minimum wages by 46.28pc

Govt raises tannery workers’ minimum wages by 46.28pc

FE Report 2018-03-06 10:42:28

The government has fixed the minimum monthly wages for the tannery sector workers, announcing a 46.28 per cent hike, officials said. The minimum monthly wages for the grade-V workers living in the di...

Bill-bond auction resumes for financing budget deficit

Bill-bond auction resumes for financing budget deficit

FE Report 2018-03-06 10:24:28

The auction of treasury bills (T-bills) and bonds resumed, after a month's suspension, to partly finance government budget deficit likely at higher expense now. Officials said the government is set t...

Strike halts Ctg Port cargo transport

Strike halts Ctg Port cargo transport

Our Correspondent 2018-03-06 10:11:36

Chittagong Port faced a temporary halt in transportation of cargo from the off-docks on Monday. The truck, covered-van, trailer and prime mover operators abstained from entering the off-docks, protes...

Higher management expenses hurt some insurers, financially

Higher management expenses hurt some insurers, financially

Jasim Uddin Haroon 2018-03-06 09:50:17

A number of life insurers made higher management expenses in 2017 implying that their financial strength was on the wane, in terms of profitability and claim-settlement. Management expense is the c...

Borrowing by top 20 defaulters makes up 40pc of soured loans

Borrowing by top 20 defaulters makes up 40pc of soured loans

FE Report 2018-03-06 00:16:57

Credit risk has emerged as the most challenging for banks, involving as much as 88 per cent of the overall assets of the country's financial sector, an academic said on Monday. To overcome this chall...

First day OMS draws poor response

First day OMS draws poor response

FE Report 2018-03-06 00:14:20

Open market sale (OMS) of rice and flour (atta) began in the city and elsewhere across the country on Monday, but the government-initiated programme failed to attract enough consumers due to lack of p...

Mirza Azam blames FinMin for delay in jute upgrades

Mirza Azam blames FinMin for delay in jute upgrades

FE Report 2018-03-05 21:59:52

A move to categorise jute goods as processed agricultural products could not be materialised in nearly last two years due to apathy from some relevant government agencies, especially the finance minis...

Protest against extortion halts freight movement at Ctg port

Protest against extortion halts freight movement at Ctg port

-- 2018-03-05 17:14:15

More than 15 organisations of transport owners and workers demonstrated in the port area of Chittagong on Monday protesting ‘extortion’. They are refusing to move containers from privatel...

Global oil players converge in Texas

Global oil players converge in Texas

-- 2018-03-05 15:10:48

The oil industry’s biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when US shale production is booming, global demand is rising an...

Trump’s tariffs set to dominate NAFTA talks

Trump’s tariffs set to dominate NAFTA talks

-- 2018-03-05 14:35:47

Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of US President Donald Trump’s proposed steep tariffs on steel and...

Bangladesh, Vietnam ink three MoUs

Bangladesh, Vietnam ink three MoUs

Agencies 2018-03-05 12:16:55

Bangladesh and Vietnam have signed three Memorandums of Understanding (MoUs) to promote bilateral cooperation in the areas of fisheries and livestock, industries and cultural exchange. The MoUs were...

RAKUB holds performance evaluation meeting

RAKUB holds performance evaluation meeting

FE Online Desk 2018-03-05 12:14:36

Rajshahi Krishi Unnayan Bank (RAKUB) has organised a performance evaluation meeting of Pabna and Natore zone at Zilla Porishod’s hall room in Pabna. Muhmmad Nazrul Islam, chairman of the board...

IBBL arranges client get together in Cox's Bazar

IBBL arranges client get together in Cox's Bazar

FE Online Desk 2018-03-05 12:13:21

Islami Bank Bangladesh Limited organised a client get together on the occasion of Cash Waqf Campaign at a local hotel of Cox’s Bazar recently, said a statement. Md. Mahbub ul Alam, Managing Dir...

NBL course ends

NBL course ends

FE Online Desk 2018-03-05 12:06:32

A 10-day long course on “Credit Operation & Risk Management” (17th Batch) of National Bank Limited was held at National Bank Training Institute recently where a total of 51 Officers pa...

CDA to launch one-stop-service to expedite REHAB dev projects

CDA to launch one-stop-service to expedite REHAB dev projects

FE Online Desk 2018-03-05 12:00:07

Chittagong Development Authority (CDA) will launch one-stop-service to expedite the implementation of projects submitted by Real Estate and Housing Association of Bangladesh (REHAB). The CDA assura...