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The Financial Express

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Boeing trims its projected industry-wide demand for airplanes over next 20 years

Boeing trims its projected industry-wide demand for airplanes over next 20 years

-- 2022-07-17 15:49:21

US airplane maker Boeing Co trimmed its projected industry-wide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects...

Readjust prices of edible oils: CAB

Readjust prices of edible oils: CAB

FE REPORT 2022-07-17 08:52:24

The Consumers Association of Bangladesh (CAB) on Saturday demanded that edible oil prices be readjusted in the local market following their decline in the international market. Expressing concern in...

Move to modernise sugar mills: No progress in two years

Move to modernise sugar mills: No progress in two years

JUBAIR HASAN 2022-07-17 08:50:31

Modernising state sugar mills is still a long way off any progress in installing new machinery and technology even after a lapse of two years into a reviving move. Officials at the Bangladesh Sugar a...

Local production: Smartphones losing out to feature ones in 5G era

Local production: Smartphones losing out to feature ones in 5G era

FE REPORT 2022-07-17 08:47:33

Production of smart phone handsets by the local companies is declining but feature phone handsets are increasing at a time when the country is heading towards 5G technology. The total production of h...

NBR to punish errant return filers

NBR to punish errant return filers

DOULOT AKTER MALA 2022-07-17 08:43:47

Taxmen would cut investment rebate facility for individual taxpayers by 50 per cent from this year in case of delay in submission of tax returns without prior application to the tax authorities. In...

Sweltering heat, outrageous outages: Rechargeable fan, lamp sales boom

Sweltering heat, outrageous outages: Rechargeable fan, lamp sales boom

YASIR WARDAD 2022-07-17 08:41:50

Sales of rechargeable fan, lamp and other devices have increased manifold across the country as people seek some relief from a twin-peril of sweltering heat and nagging power outages. A persisting 37...

Now Aug spot LNG import also halts

Now Aug spot LNG import also halts

FE REPORT 2022-07-17 08:38:04

Bangladesh looks set to cease liquefied natural gas (LNG) import from spot market in August too as in July despite crippling energy crisis with resultant power outages. A twin-shock from the Ukraine...

Envoy urges BGMEA to consider setting up joint ventures in Egypt

Envoy urges BGMEA to consider setting up joint ventures in Egypt

-- 2022-07-16 19:34:08

Egyptian Ambassador to Bangladesh Haytham Ghobashy has urged the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to look into the possibility of setting up joint ventures in the app...

American tourists splurge in Paris boutiques as euro slides

American tourists splurge in Paris boutiques as euro slides

-- 2022-07-16 10:37:08

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with th...

Farm egg price hits Tk 12 in city

Farm egg price hits Tk 12 in city

FE REPORT 2022-07-16 08:38:59

Egg, one of the main sources of protein, became pricier last week as the city grocers were charging Tk 12 for a single piece of farm egg (brown) from the consumers. Both the city traders and customer...

Home procurement of wheat fails

Home procurement of wheat fails

YASIR WARDAD 2022-07-16 08:37:13

Public wheat procurement has mostly failed the target this year amid higher market prices, thereby putting the government in a tight spot to source the staple from a war-hit global market. Import als...

Direct jute export shipping to Europe, UAE planned

Direct jute export shipping to Europe, UAE planned

FE REPORT 2022-07-16 08:32:25

Direct shipping service to Europe and the United Arab Emirates (UAE) from Bangladesh's Chittagong seaport is planned to facilitate export of jute and jute goods to overseas market. Officials say the...

Most global youths lack job skills

Most global youths lack job skills

FE REPORT 2022-07-15 09:35:33

About three out of four youths in the world aged 15-24 lack required skill-sets for employment, according to a latest report published Thursday. It placed Bangladesh at the lower level of youth's att...

IMF team to assess NBR's technical assistance needs

IMF team to assess NBR's technical assistance needs

DOULOT AKTER MALA 2022-07-15 09:28:38

A mission of the International Monetary Fund (IMF) is expected to meet the revenue authority on Monday next (July 18) to discuss pros and cons of the country's need for technical assistance on capacit...

MRT-6 work progressing fast, yet facing challenges

MRT-6 work progressing fast, yet facing challenges

MUNIMA SULTANA 2022-07-15 09:21:50

The implementation work of the capital city's first metro rail is progressing fast with the target to open the mass transportation system from Uttara to Agargaon (11.73 kilometres) in December 2022....

Rice costly despite duty cut

Rice costly despite duty cut

YASIR WARDAD 2022-07-15 08:48:49

Duty cut could hardly impact the overheated rice market as strings binding the fiscal intervention delay import of the main staple in Bangladesh, worsening consumer woes. Such conditions -- from LC o...

ACI ends 19-year equity joint venture with Dabur

ACI ends 19-year equity joint venture with Dabur

-- 2022-07-14 20:22:12

Advanced Chemical Industries or ACI has terminated its equity joint venture agreement with Indian company Dabur, ending a 19-year partnership.According to an announcement on the Dhaka Stock Exchange o...

IHG, Doreen Hotels & Resorts sign deal to open Crowne Plaza Dhaka Gulshan

IHG, Doreen Hotels & Resorts sign deal to open Crowne Plaza Dhaka Gulshan

FE ONLINE DESK 2022-07-14 18:10:38

IHG® Hotels & Resorts (InterContinental Hotels Group PLC) has signed an agreement with Doreen Hotels & Resorts Limited, to open Crowne Plaza Dhaka Gulshan in Bangladesh by the end of 2022....

Netflix selects Microsoft as partner for ad-supported subscription plan

Netflix selects Microsoft as partner for ad-supported subscription plan

-- 2022-07-14 15:51:44

Netflix Inc said on Wednesday it has selected Microsoft Corp as a technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscrib...

Procurement of salted rawhide begins today

Procurement of salted rawhide begins today

FE REPORT 2022-07-14 13:16:40

Local tanners are set to begin procuring salted rawhide of sacrificial animals from today (Thursday). The Bangladesh Tanners Association (BTA) on Wednesday said the tanneries in Savar have bought at...

India urges Bangladesh to resume meat import

India urges Bangladesh to resume meat import

FE REPORT 2022-07-14 12:20:55

India has urged the Bangladesh government to resume the import of meat from the neighbouring country as the traders concerned in both the countries are being hit hard by the non-shipment of such items...

ADB tops list of loans pledged in FY '22

ADB tops list of loans pledged in FY '22

FHM HUMAYAN KABIR 2022-07-14 10:37:04

The Asian Development Bank (ADB) emerged as the top lender to Bangladesh, confirming US$2.08 billion worth of assistance in the just-concluded fiscal year (FY 2021-22), officials said on Tuesday. The...

Guarantees to foreign lenders: BB defines private borrowers’ scope

Guarantees to foreign lenders: BB defines private borrowers’ scope

FE REPORT 2022-07-14 10:25:21

The private-sector borrowers can extend guarantees like corporate guarantee, personal guarantee, third-party guarantee, etc. to the foreign lenders as per the foreign-loan agreement. However, the gua...

Fintechs flock in for e-financing

Fintechs flock in for e-financing

MIR MOSTAFIZUR RAHAMAN 2022-07-14 09:58:33

Umpteen low-paid wage-earners will be able to access bank borrowings through the digital platform as several fintech firms are set to start latest financing operations in Bangladesh. Terming this as...

LCs under watch for regulating imports

LCs under watch for regulating imports

SIDDIQUE ISLAM 2022-07-14 09:56:02

The central bank begins monitoring LCs daily to bar unnecessary imports in a major bid to ease pressure of import-payment obligations and thus buttress Bangladesh's falling reserves, officials say. U...

Tanneries buy 550,000 pieces of rawhide

Tanneries buy 550,000 pieces of rawhide

-- 2022-07-13 17:08:26

Tanneries have procured over half a million pieces of rawhide during Eid-ul-Azha this year and plan to start buying salted animal skins on Thursday. More than half of the total collection was made on...

Walton CEO visits European brand ACC’s production plant in Italy

Walton CEO visits European brand ACC’s production plant in Italy

FE ONLINE DESK 2022-07-13 16:38:11

Walton Hi-Tech Industries PLC's Managing Director and CEO Golam Murshed has visited the production plant of ACC, a renowned European electronics brand, in Italy. Walton Hi-Tech Industries PCL has rec...

South Korea unlikely to provide DFQF facility for Bangladeshi goods

South Korea unlikely to provide DFQF facility for Bangladeshi goods

REZAUL KARIM 2022-07-13 08:44:45

South Korea is unlikely to provide duty-free and quota-free (DFQF) market access to products from Bangladesh unilaterally after its graduation from the least developed country (LDC) status in 2026. T...

Seasonal traders get higher prices for rawhides

Seasonal traders get higher prices for rawhides

FE REPORT 2022-07-13 08:37:55

The tanners have collected rawhides of sacrificial animals this year at better prices than that of the last year, when people had to throw away the valuable raw material for the leather industry, insi...

Subsidy policy coming for LNG import

Subsidy policy coming for LNG import

M AZIZUR RAHMAN 2022-07-13 08:35:00

Work gets underway to formulate LNG subsidy policy to make a stable funding arrangement for import of this expensive fuel to feed growing demand in Bangladesh amid a global crunch. Sources say the go...