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The Financial Express

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Toyota suspends some Japan factory production due to Covid-19 outbreak

Toyota suspends some Japan factory production due to Covid-19 outbreak

-- 2022-08-09 18:53:15

Toyota Motor Corp said it would suspend the night shift operation on Tuesday at one production line at its factory in central Japan due to an outbreak of Covid-19, after it suspended operations there...

Cement makers seek 10pc cash stimulus

Cement makers seek 10pc cash stimulus

FE REPORT 2022-08-09 11:16:15

Local cement manufacturers suggest a 10-per cent cash incentive for the export of key construction materials aiming to increase the current export volume threefold. They also seek to relax the duty-d...

Launch fare to be declared tomorrow

Launch fare to be declared tomorrow

FE REPORT 2022-08-09 10:29:25

The government is expected to fix new launch fares tomorrow (Wednesday) in response to the operators' proposal for doubling the rates amid the latest price hike of fuel oils. A circular is scheduled...

Tk 20m for constructing one kilometre drain!

Tk 20m for constructing one kilometre drain!

FHM HUMAYAN KABIR 2022-08-09 09:13:52

Amid the government's austerity programmes, the Roads and Highways Department (RHD) has proposed to spend Tk 8.69 billion, Tk 20 million per kilometre, to build a drain on 43km road, insiders said. T...

BRTA publishes bus fare chart for long-distance routes

BRTA publishes bus fare chart for long-distance routes

FE REPORT 2022-08-09 08:44:34

Bangladesh Road Transport Authority (BRTA) published a new fare chart for various long-distance routes of road transports on Monday, revising upwards the rates due to the latest price hike of fuel oil...

Uptick in funds for NGOs in BD

Uptick in funds for NGOs in BD

SAIF UDDIN 2022-08-09 08:07:36

The influx of foreign funds for non-governmental organisations (NGOs) operating in Bangladesh increased slightly last fiscal mainly due to a rise in the aid for the Rohingya refugees here. Donors' co...

Rafiqul Islam appointed as Managing Director and CEO of Shimanto Bank Ltd

Rafiqul Islam appointed as Managing Director and CEO of Shimanto Bank Ltd

FE ONLINE DESK 2022-08-08 19:16:30

Rafiqul Islam has been appointed as Managing Director and CEO of Shimanto Bank Limited, according to a press release issued on Monday. Before this appointment, he was the Managing Director and CEO (C...

Petition filed with High Court to block hike in fuel prices

Petition filed with High Court to block hike in fuel prices

-- 2022-08-08 15:09:07

A lawyer has filed a petition with the High Court demanding that it block the government’s recent decision to hike the price of diesel, kerosene, petrol and octane. The petition, filed by Supre...

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

BBC 2022-08-08 12:08:29

Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car pro...

RMG exports to US see 60pc growth in first half of 2022

RMG exports to US see 60pc growth in first half of 2022

MONIRA MUNNI 2022-08-08 11:14:32

The country's apparel exports to its single largest destination, USA, witnessed a robust growth in terms of both value and volume in the first half of this year (2022). Bangladesh fetched US$ 5.01 bi...

NBR chief says offshore tax amnesty not for endorsing black money

NBR chief says offshore tax amnesty not for endorsing black money

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

The offshore tax amnesty has been offered to encourage brining back legally-earned money, not black money, the National Board of Revenue (NBR) chairman said on Sunday. The NBR has offered the amnesty...

Global downtrend: DCCI pushes for adjusting fuel prices

Global downtrend: DCCI pushes for adjusting fuel prices

FE REPORT 2022-08-08 09:38:20

A trade body urges the government to cut fuel prices once the trends come down in the international market for the greater good of the national economy. The recent hike in fuel oil prices will have a...

Spillover of fuel oil price hike hits consumers hard

Spillover of fuel oil price hike hits consumers hard

YASIR WARDAD 2022-08-08 09:22:14

The consumers have already started feeling the pinch of a spillover of the fuel price hike into daily essential commodities. The prices of rice, vegetables, fish, meat, fruits and a few other key ess...

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

DOULOT AKTER MALA 2022-08-08 08:29:54

Fuel-price hike would earn government an additional Tk 15 billion in revenue in the current fiscal year as one of the spinoffs, according to an official reckoning. The revenue is estimated to be gene...

HSBC approves Tk 6.12b social loan for BRAC

HSBC approves Tk 6.12b social loan for BRAC

-- 2022-08-07 19:46:31

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh facilitated social loan financing for BRAC in a programme recently. Under the agreement, BRAC will receive Tk 6.12 billion in financ...

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

-- 2022-08-07 16:40:44

Businesses have agreed in principle to a proposal from the Bangladesh government for a rotating day-off scheme for industrial belts in order to reduce the frequency and length of power cuts. Nasrul H...

99pc Bangladeshi products to get duty-free access to China

99pc Bangladeshi products to get duty-free access to China

FE REPORT 2022-08-07 12:26:40

China announced to raise duty-free access to 99 per cent Bangladeshi products with effect from September 1 this year. The announcement came during the bilateral meeting between China and Bangladesh o...

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

FE REPORT 2022-08-07 10:29:48

Speakers at a programme in the city on Saturday stressed the need for ensuring more involvement of the private sector in the Delta Plan-2100 for sustainable achievement. They observed that Delta Plan...

Aman value chain takes a hit from oil price hikes

Aman value chain takes a hit from oil price hikes

YASIR WARDAD 2022-08-07 08:27:51

The latest hike in fuels, including diesel, deals a double blow to farmers after urea this peak Aman season that comprises 37-38 per cent of the total rice supply. A 42-per cent hike in diesel pric...

FTA/PTA move runs at snail's pace!

FTA/PTA move runs at snail's pace!

REZAUL KARIM 2022-08-07 08:25:15

A much-needed move to sign FTAs/PTAs with potential countries and economic blocs apparently lacks pace, thereby holding back the inking of the deals due to a lukewarm response. Although the governmen...

Cross-checking to be difficult for absence of their offices here

Cross-checking to be difficult for absence of their offices here

DOULOT AKTER MALA 2022-08-07 08:22:09

The VAT officials would have to face difficulties in cross-checking the financial details furnished in the VAT (Value Added Tax) returns filed by the global technology giants as the companies do not h...

RMG sector may face fresh blow

RMG sector may face fresh blow

FE REPORT 2022-08-07 08:15:02

The readymade garment (RMG) and its associated industries, including accessories makers, are set to face a fresh blow due to the latest price hike of fuel oils. The hike came at a time when the cou...

Fuel price hike will negatively impact RMG export growth: BGMEA President

Fuel price hike will negatively impact RMG export growth: BGMEA President

-- 2022-08-06 19:19:02

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expressed concern over the hike in fuel price saying it will have an impact on export growth. BGMEA President Faruque Hassan told UN...

Chickens, vegs, fruits get dearer, rice price rises at the wholesales

Chickens, vegs, fruits get dearer, rice price rises at the wholesales

FE REPORT 2022-08-06 10:39:44

Prices of chickens, chilli, and all kinds of fruits and vegetables witnessed a notable increase last week, raising suffering of the consumers already hit hard by the price hike of other essentials. R...

Reconditioned car imports may drop

Reconditioned car imports may drop

ADNAN HOSSAIN BHUIYAN 2022-08-06 09:12:40

Reconditioned car imports may see a downturn following the opening of LCs (letters of credit) has been in decline, thanks to the government's contractionary measures to save foreign-currency reserves....

'Govt giving priority to sending skilled workers abroad'

'Govt giving priority to sending skilled workers abroad'

FE REPORT 2022-08-05 12:07:14

The government is giving priority to sending skilled workers abroad to help boost remittance inflow, said Expatriates' Welfare and Overseas Employment Minister Imran Ahmad on Thursday. He said there...

BTRC declares Edotco an SMP

BTRC declares Edotco an SMP

ISMAIL HOSSAIN 2022-08-05 11:11:22

The Bangladesh Telecommunication Regulatory Commission (BTRC) declared mobile tower company Edotco Bangladesh as a significant market power (SMP). The regulator also imposed some restrictions on Edot...

New co underway to issue single e-ticket

New co underway to issue single e-ticket

MUNIMA SULTANA 2022-08-05 10:41:15

A move has been made to form a new company to operate and issue single e-ticket for all mass transport as the metro rail is expected to roll this December. The government has already introduced rapid...

NRB engineers' footprint in US IT market grows

NRB engineers' footprint in US IT market grows

FE REPORT 2022-08-05 08:44:13

Non-resident Bangladeshi (NRB) engineers are consolidating their position with their professional skills and integrity in the US market to ensure a strong footing in the ever-growing global ICT se...

Industry, agriculture to get priority supply of electricity

Industry, agriculture to get priority supply of electricity

FE REPORT 2022-08-05 08:40:45

Despite having a limited scope, the government would try to ensure electricity supply to the industries and businesses that are facing setbacks due to the ongoing load-shedding across the country....