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The Financial Express

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Dhaka in talks with Moscow on oil import thru byways

Dhaka in talks with Moscow on oil import thru byways

FE REPORT 2022-08-25 08:21:22

Bangladesh is in discussion with Russia to procure crude and refined oils, the Russian envoy in Dhaka said Wednesday, as alternative trading arrangement is envisaged as a last resort amid a global cri...

Investment in WASH develops business, boosts production

Investment in WASH develops business, boosts production

FE REPORT 2022-08-24 10:37:42

Investing in water, sanitation and hygiene (WASH) for employees in companies can ensure further prosperity in business and increase productivity, said a new global study that includes Bangladesh. The...

Petrobangla mulls leasing two more gas fields to Chevron to boost output

Petrobangla mulls leasing two more gas fields to Chevron to boost output

-- 2022-08-24 10:33:44

Petrobangla, the state-run oil, gas and mineral resources company, has opened talks on leasing out two more gas fields to US-based energy corporation Chevron in a bid to increase gas extraction in the...

Minister fears low Aman output this season

Minister fears low Aman output this season

FE REPORT 2022-08-24 10:18:33

Agriculture Minister Dr Muhammad Abdur Razzaque on Tuesday expressed his deep concern over lower Aman output in the ongoing season due to a drought-like situation, higher costs of diesel and frequent...

Indian billionaire Adani seeks to control NDTV; media group says move without consent

Indian billionaire Adani seeks to control NDTV; media group says move without consent

REUTERS 2022-08-24 10:18:30

Indian billionaire Gautam Adani's conglomerate on Tuesday said it seeks to control a majority stake in the popular New Delhi Television (NDTV), a move the TV news group said was executed without...

Uber expands services to 20 cities in BD's 8 divs

Uber expands services to 20 cities in BD's 8 divs

FE REPORT 2022-08-24 08:50:00

Ride hailer Uber on Tuesday announced the expansion of its services to 20 cities, spread across all eight divisions in Bangladesh. "We aim to double down on serving the mobility needs of our customer...

Wage app to help RMG makers bargain with global buyers

Wage app to help RMG makers bargain with global buyers

FE REPORT 2022-08-24 08:38:54

Bangladesh Knitwear Manufacturers and Expor-ters Association (BKMEA) has initiated a move to help factories develop their price negotiation skills with global buyers through using an app, named 'Fai...

BFIU moves against moneychangers

BFIU moves against moneychangers

SIDDIQUE ISLAM 2022-08-24 08:15:20

Bangladesh Financial Intelligence Unit (BFIU) moves to take stern action against moneychangers involved allegedly in suspicious dealings, including money laundering, officials say, as drives are on to...

Only 110 biggies pay half of Tk 1.08t VAT in FY '22

Only 110 biggies pay half of Tk 1.08t VAT in FY '22

DOULOT AKTER MALA 2022-08-24 08:09:06

Limited corporates turn cash cow for VAT as 110 large companies paid around half the aggregate value-added tax (VAT) collected by the revenue board last fiscal, out of over 0.3 million registered firm...

EDU Business Club holds “Idea Grove 1.0”

EDU Business Club holds “Idea Grove 1.0”

FE ONLINE DESK 2022-08-23 14:46:58

East Delta University Business Club (EDUBC) has recently organised its flagship event, A.U.R. Agro presents Idea Grove 1.0, powered by Exim Bank. On Saturday, August 20, 2022, at East Delta Universit...

Soybean oil price hiked again

Soybean oil price hiked again

FE REPORT 2022-08-23 13:51:17

The price of loose soybean oil has been increased by Tk 9.0 per litre while the bottled one witnessed a hike of Tk 7.0 per litre amid the consumers’ outrages. With this new hike, loose soybean...

Rule of law vital to attract FDI

Rule of law vital to attract FDI

FE REPORT 2022-08-23 08:43:49

British High Commissioner in Bangladesh Robert Chatterton Dickson on Monday said adherence to the rule of law and democracy are important principles to attract foreign investment. There is scope fo...

FBCCI demands punitive measures against egg price manipulators

FBCCI demands punitive measures against egg price manipulators

-- 2022-08-22 21:34:10

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday urged the government to take punitive measures against the manipulators in the egg market. The FBCCI leaders came up w...

Banks to provide customer services from 9:00 am to 3:00 pm

Banks to provide customer services from 9:00 am to 3:00 pm

-- 2022-08-22 19:49:35

Bangladesh’s central bank has directed all banks to provide customer services from 9:00 am to 3:00 pm starting Wednesday in line with new office hours in an effort to save electricity. Employee...

Simplifying the maze of international hotel bookings

Simplifying the maze of international hotel bookings

FE ONLINE DESK 2022-08-22 17:43:07

A good strategy for planning the perfect holiday is finding the right accommodation. One must choose accommodation methodically to avoid any inconveniences during their dream vacation. Everything can...

Debt-laden Cineworld stares at possible bankruptcy

Debt-laden Cineworld stares at possible bankruptcy

REUTERS 2022-08-22 15:22:49

Cineworld, the world's second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it warned on Monday. The owner of Regal...

Toyota doubles down on its hybrid bet in India

Toyota doubles down on its hybrid bet in India

REUTERS 2022-08-22 12:34:21

Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its hybrids, as long as the price is right. Renowned for its pioneering Prius, the Japanese...

JCI Bangladesh hosts signature training programme

JCI Bangladesh hosts signature training programme

FE ONLINE DESK 2022-08-22 11:41:05

Junior Chamber International (JCI) Bangladesh has recently hosted a two-day long signature training programme in Dhaka city. More than its 200 members participated in the programme held at BCDM in t...

Merchants say higher rates set by corporate firms led to recent egg price hike

Merchants say higher rates set by corporate firms led to recent egg price hike

-- 2022-08-22 11:35:40

Egg merchants say higher rates set by corporate firms in the sector are partly to blame for the recent hike in the prices of the product, one of the main sources of protein in Bangladesh. The t...

Workplace safety: Govt moves to raise capacity of DIFE

Workplace safety: Govt moves to raise capacity of DIFE

MONIRA MUNNI 2022-08-22 09:19:51

The government has moved to strengthen the capacity of the Department of Inspection for Factories and Establishments, in a bid to ensure workplace safety in line with the national action plan on the l...

Banks lured by dollar biz bonanza

Banks lured by dollar biz bonanza

SIDDIQUE ISLAM 2022-08-22 08:27:34

At least 23 banks apply for limited authorized dealer (AD) licence only for cash dollar transactions, officials say, at a time when some minted millions from volatile forex market. More than 650 bran...

Govt to build two more re-gasification units

Govt to build two more re-gasification units

M AZIZUR RAHMAN 2022-08-22 08:15:08

One goes to local cynosure Summit Group and another to US firm Excelerate Energy's share under deals sans tender as the Bangladesh government decides to build two more LNG-import terminals on the bay....

Nike, Adidas settle patent fights over shoe technology

Nike, Adidas settle patent fights over shoe technology

-- 2022-08-21 16:24:13

Nike Inc and Adidas AG, the world's two leading sneaker brands, have resolved a series of US patent disputes over technology used in their athletic shoes, court filings show. Nike sued Adidas in Oreg...

Entrepreneurs seek business-friendly law

Entrepreneurs seek business-friendly law

FE REPORT 2022-08-21 15:21:18

The entrepreneurs providing courier and logistics services in the country urged the government to enact the 'Mailing Operator and Courier Service Development and Regulatory Authority Act-2022' making...

Halve RMG source tax

Halve RMG source tax

OUR CORRESPONDENT, CHATTOGRAM 2022-08-21 11:07:10

Leaders of the Chattogram chapter of BGMEA met with Commerce Minister Tipu Munshi at a port city hotel on Friday night and requested him to halve the existing source tax on RMG products. First Vice P...

Fuel price hike puts marine fisheries 'in a fix'

Fuel price hike puts marine fisheries 'in a fix'

FE REPORT 2022-08-21 08:32:20

Local marine fisheries sector is now in deep trouble due to the recent price hike of fuel oils in the country, according to the sector insiders. They requested the government to provide diesel at pre...

Extra load of tax on bills likely

Extra load of tax on bills likely

DOULOT AKTER MALA 2022-08-21 08:10:51

Current gas tariffs at consumer level has been fixed in a "faulty manner" through calculating less value-added tax than the actual payable quantum, revenue officials say in an indication at an extra...

BSCL offers heavy cut in uplink charges

BSCL offers heavy cut in uplink charges

ISMAIL HOSSAIN 2022-08-21 08:06:59

The government has reduced the uplink charges of Bangabandhu Satellite-1 for foreign television channels by 15 times to attract more clients as it still has huge untapped potential. According to th...

Regulator lodges complaint against accountancy bodies

Regulator lodges complaint against accountancy bodies

FE REPORT 2022-08-21 08:01:01

The Financial Reporting Council (FRC), Bangladesh has lodged a complaint to the authorities concerned that some accountancy bodies of the government were bypassing it in preparing laws, rules, and sta...

Chinese retailer Miniso to ditch Japanese styling after backlash

Chinese retailer Miniso to ditch Japanese styling after backlash

-- 2022-08-20 19:47:29

China's Miniso Group has apologised for promoting itself as a Japanese-style brand and said it would make changes across its stores to rectify this, becoming the latest retailer to respond to a surge...