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The Financial Express

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Mawa Expressway: Uniform toll won’t start from June 26

Mawa Expressway: Uniform toll won’t start from June 26

MUNIMA SULTANA 2022-06-24 08:36:31

Uniform toll collection on the Dhaka-Mawa-Bhanga Expressway would not start along with the Padma Bridge toll operation as was planned with effect from June 26, officials said. As a result, vehicles...

BB removes MD of Uttara Finance

BB removes MD of Uttara Finance

FE REPORT 2022-06-24 08:31:15

The central bank has removed SM Shamsul Arefin from the post of managing director of Uttara Finance and Investments Ltd (UFIL) for his alleged involvement in financial irregularities, officials said...

Unilever vowed to scrap polluting plastic packets, then fought to keep them

Unilever vowed to scrap polluting plastic packets, then fought to keep them

-- 2022-06-23 17:05:19

Maria Aurelio, 55, prepares to display plastic sachets of Unilever's Surf laundry detergent at her sundry store in Manila, Philippines, May 31, 2022. Picture taken May 31, 2022. Reuters Two years ago...

Malaysia palm oil firm Kulim receives first post-pandemic migrant workers

Malaysia palm oil firm Kulim receives first post-pandemic migrant workers

-- 2022-06-23 13:21:53

Dhaka ranks as the seventh least liveable city in the world this year, moving up three spots from its 2021 ranking, according to an annual report from the Economist Intelligence Unit, Reuters reports....

Project launched to improve financial inclusion of RMG workers

Project launched to improve financial inclusion of RMG workers

FE REPORT 2022-06-23 12:41:05

Garment workers should be made financially literate so that they can access digital financial services for better financial inclusion, speakers said at a programme. In this regard, a project titled '...

Multiple foreign consultancy stakes in Padma Bridge

Multiple foreign consultancy stakes in Padma Bridge

MUNIMA SULTANA 2022-06-23 10:38:58

At least 10 foreign consultancies from countries across the world provided supports as Chinese engineers built Bangladesh's longest bridge over the mighty river Padma, officials say ahead of its gra...

Secondary market for flats, commercial spaces booming

Secondary market for flats, commercial spaces booming

ADNAN HOSSAIN BHUIYAN 2022-06-23 10:30:56

The secondary market for flats and commercial spaces has been gaining prominence in the country nowadays due to affordability, mortgage facility and swift transfer of ownership. The demand is mostl...

Govt moves to ensure Russian wheat supply

Govt moves to ensure Russian wheat supply

TALHA BIN HABIB 2022-06-23 09:03:00

The government has made a move to ensure continued wheat supply from Russia in the upcoming fiscal year (FY), 2022-23, to boost food security in the country. As part of the moves, the Ministry of Foo...

'Change strings attached to reduced corporate tax'

'Change strings attached to reduced corporate tax'

FE REPORT 2022-06-23 08:51:32

The Foreign Investors' Chamber of Commerce and Industry (FICCI) on Wednesday suggested a few changes in the conditions attached to the proposed cut in corporate tax by 2.5 per cent. It also urged t...

A380 superjumbo makes comeback despite high oil prices

A380 superjumbo makes comeback despite high oil prices

-- 2022-06-22 17:34:50

Two years ago, dozens of Airbus A380s set course for storage in sites from rural France to the Gulf as the outbreak of COVID-19 accelerated the demise of the world's largest jets. Now, the iconi...

Shops to stay open until 10:00 pm from July 1 to July 10

Shops to stay open until 10:00 pm from July 1 to July 10

FE ONLINE REPORT 2022-06-22 17:25:19

The government has extended the shops, markets and shopping malls closure time by additional two hours for a temporary period from next month ahead of Eid. Shops, markets and shopping malls will rema...

Japan keen to seize opportunity to build 2nd Padma bridge

Japan keen to seize opportunity to build 2nd Padma bridge

-- 2022-06-22 15:12:59

Japanese Ambassador in Dhaka Ito Naoki has said his country is keen to "seize opportunity" to join Bangladesh government's ongoing construction efforts of second Padma Bridge while the first one was b...

Why is there a worldwide oil-refining crunch?

Why is there a worldwide oil-refining crunch?

-- 2022-06-22 14:20:10

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production, Reuters reports. Prices were a...

Injury insurance scheme for RMG workers launched

Injury insurance scheme for RMG workers launched

FE ONLINE REPORT 2022-06-22 11:45:04

The long-awaited Employment Injury Scheme (EIS) was launched in the country’s readymade garment sector on Tuesday aimed at protecting workers effectively against falling into poverty due to work...

Ant, Alibaba plan for less intertwined future after China crackdown

Ant, Alibaba plan for less intertwined future after China crackdown

-- 2022-06-22 09:59:22

Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China's devastating regulatory crackdown, four so...

Recovery of banks' NPL: AMCs both in pvt, public sectors ‘could be an option’

Recovery of banks' NPL: AMCs both in pvt, public sectors ‘could be an option’

FE REPORT 2022-06-22 09:14:50

Banking sector experts on Tuesday suggested establishing asset management companies (AMCs) both in private and public sectors to help create a competitive environment in the recovery of banks' soured...

Dutch Co. to invest $ 10.52 million in BEPZA’s Economic Zone

Dutch Co. to invest $ 10.52 million in BEPZA’s Economic Zone

-- 2022-06-21 20:23:59

Checkpoint System Bangladesh Ltd.-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone. The company will invest US$ 10.52 mi...

Twitter's board unanimously endorses Elon Musk’s $44.0b deal

Twitter's board unanimously endorses Elon Musk’s $44.0b deal

-- 2022-06-21 20:11:46

Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Mu...

Faster shipping between BD-Europe possible through Chattagram-Koper ports

Faster shipping between BD-Europe possible through Chattagram-Koper ports

FE ONLINE REPORT 2022-06-21 18:52:02

Container shipping service connecting Chattagram Port to the Port of Koper in Slovenia directly may open up the prospects of faster and cheaper shipping from Bangladesh to Europe. The optimism was ex...

Tesla sued by former employees over 'mass layoff'

Tesla sued by former employees over 'mass layoff'

-- 2022-06-21 15:03:09

Former Tesla Inc employees have filed a lawsuit against the US electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notic...

Crypto's latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

-- 2022-06-21 14:04:20

For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. "I was probably...

Only banks can avail funds from refinance scheme

Only banks can avail funds from refinance scheme

FE REPORT 2022-06-21 09:22:10

Only the scheduled banks will be able to avail funds from a Tk 1.0 billion refinancing scheme dedicated to digital nano loans, aimed at improving the livelihoods of the marginalised communities. Th...

CAB urges govt to revise fuel prices

CAB urges govt to revise fuel prices

FE REPORT 2022-06-21 09:19:36

The Consumers Association of Bangladesh (CAB) urges the government to adjust prices of petroleum products by the Bangladesh Energy Regulatory Commission (BERC) considering consumer interests. It...

Project approval faces tightfisted control

Project approval faces tightfisted control

FHM HUMAYAN KABIR 2022-06-21 09:13:01

Approval for development projects faces tightfisted appraisal of costs and tenures for controlling public expenditure under government austerity stance amid a worldwide financial crunch. Officials sa...

Appointing CEOs for FIs comes under regulation

Appointing CEOs for FIs comes under regulation

FE REPORT 2022-06-21 08:47:23

Appointment of chief executive officer (CEO) for financial institutions comes under strict regulation to ensure good governance alongside protecting depositors' interests, says an announcement, agains...

Govt cuts spot LNG import

Govt cuts spot LNG import

FE REPORT 2022-06-21 08:40:19

Fuel frugality already shuts shops after 8pm across Bangladesh and now comes curbs on gas import under government austerity action to save country's foreign-exchange reserves at a time of global commo...

Tata Steel buys Russian coal weeks after vowing to cut ties

Tata Steel buys Russian coal weeks after vowing to cut ties

-- 2022-06-20 20:15:27

India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing busin...

GoZayaan expands EMI facility to make tourism industry inclusive

GoZayaan expands EMI facility to make tourism industry inclusive

RASSIQ AZIZ KABIR 2022-06-20 16:52:18

Bangladeshi online travel tech platform GoZayaan has already brought unprecedented changes to the country’s tourism industry. It started the year by acquiring a foreign company, becoming the fi...

Nagad employees donate one-day salary to support flood victims

Nagad employees donate one-day salary to support flood victims

FE ONLINE DESK 2022-06-20 16:22:48

Employees of Nagad Limited will donate their one-day salary to aid flood-hit people in Sylhet and Sunamganj region and to support those impacted by the disaster. Tanvir A Mishuk, Managing Director of...

China May oil imports from Russia soar to a record, surpass top supplier Saudi

China May oil imports from Russia soar to a record, surpass top supplier Saudi

-- 2022-06-20 13:53:47

China's crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sa...