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The Financial Express

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Dhaka, Beijing ink SPM loan deal

Dhaka, Beijing ink SPM loan deal

FE Report 2017-10-30 10:40:54

State minister for Power, Energy and Mineral Resources Nasrul Hamid sought Chinese assistance to implement the power and energy projects for boosting the country's economy. "Bangladesh currently requ...

EZ industries to pay duty, taxes on imports for selling goods locally

EZ industries to pay duty, taxes on imports for selling goods locally

Doulot Akter Mala 2017-10-30 09:54:55

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industri...

Ex-employee sues Facebook for misclassifying workers

Ex-employee sues Facebook for misclassifying workers

-- 2017-10-30 09:35:38

A former Facebook employee is suing the social media giant for allegedly misclassifying employees to exempt them from overtime pay. According to a report in arstechnica.com on Monday, Susie Bigger, a...

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

-- 2017-10-30 04:26:20

Sub-Saharan African economic growth is expected to rise to 3.4 per cent in next year from 2.6 per cent in 2017, International Monetary Fund (IMF) said in a report on Monday. The IMF warned that risin...

Google to localise searches by default

Google to localise searches by default

FE Online Desk 2017-10-30 02:55:31

With an aim to provide most relevant search results to the users, Google has finally said goodbye to its age-old practice of manually entering country code domain for receiving country-specific servic...

A unique platform for the global textile value-chain

A unique platform for the global textile value-chain

Christian Schindler 2017-10-30 00:00:00

The International Textile Manufacturers Federation (ITMF) is one of the oldest non-governmental and non-profit international trade organisations. It was founded in 1904 and comprises members from the...

Ethiopia: A new competitor for Bangladesh RMG export?

Ethiopia: A new competitor for Bangladesh RMG export?

Zillul Hye Razi 2017-10-30 00:00:00

During last few years, a lot of positive reports and studies were published showing Ethiopia becoming a major clothing or apparel source for the EU and US importers. In 2014, one Bangladeshi corporate...

Labour rights better now: BGMEA chief

Labour rights better now: BGMEA chief

Monira Munni 2017-10-30 00:00:00

Labour rights situation in the country's readymade garment sector has improved in recent years thanks to the mid-level managements and workers for reducing their gap, according to BGMEA president Sidd...

Stakeholder mapping, engagement  strategies crucial for RMG industry

Stakeholder mapping, engagement strategies crucial for RMG industry

Shaharbanu Ahmed 2017-10-30 00:00:00

The readymade garment (RMG) industry is the leading sector in Bangladesh in terms of foreign exchange earnings. The sector witnessed on average 16 per cent year-on-year growth since 1990 up to fiscal...

Bangladesh RMG industry needs innovation, but the risks must be managed

Bangladesh RMG industry needs innovation, but the risks must be managed

Bill Humphries 2017-10-30 00:00:00

Bangladesh's position in the RMG industry is based on its bountiful supply of cheap labour and the relatively simple technology needed to establish an RMG enterprise. Foreign investment has been impor...

Are enough actions being taken to ensure safe working conditions in RMG industry?

Are enough actions being taken to ensure safe working conditions in RMG industry?

Labiba Fairooz 2017-10-30 00:00:00

The Readymade Garments (RMG) industry in Bangladesh has been under considerable scrutiny owing to a range of high-profile disasters over the last decade. Overview of RMG Industry in Bangladesh: The h...

The American market for Bangladesh garments

The American market for Bangladesh garments

Forrest Cookson 2017-10-30 00:00:00

The single largest market for "Made in Bangladesh" garments is the United States of America. In 2016, Bangladesh exported US$5.5 billion worth of garments to the US market slightly less than the $5.6...

Inclusive business: Ladder for higher  productivity, better working condition

Inclusive business: Ladder for higher productivity, better working condition

Mehdi Mahbub 2017-10-30 00:00:00

People with special abilities, generally known as persons with disabilities, who constitute 10 per cent of the total population, are very much part of our society. Unfortunately, this huge number of p...

New AI system can predict earthquakes: Study

New AI system can predict earthquakes: Study

-- 2017-10-29 12:00:00

Scientists have developed an artificial intelligence (AI) system to successfully predict earthquakes, an advance that may help prepare for natural disasters and potentially save lives. The study, pub...

Most land customs stations prove do-nothings

Most land customs stations prove do-nothings

Doulot Akter Mala 2017-10-29 12:00:00

Nearly 80 per cent of the country's land customs stations currently lie as do-nothings for lack of export-import operations, in a sheer waste of public money, sources said. The number of active Land...

Seven Rings Cement honours 15 govt entities

Seven Rings Cement honours 15 govt entities

FE Online Desk 2017-10-29 12:00:00

Seven Rings Cement, a sister concern of Hong Kong-based Shun Shing Group International Ltd. (SSGIL) recently arranged a programme titled “Tribute to Nation Builders” at Radission Blue Dhak...

Bangladesh-India opens new sea route

Bangladesh-India opens new sea route

-- 2017-10-29 12:00:00

A new sea route between Bangladesh and India was inaugurated on Saturday, by sailing a RORO ship carrying 185 trucks from Chennai Port to Mongla Port.   India’s Minister of Shipping,...

Mannan hints at reforming business policy

Mannan hints at reforming business policy

-- 2017-10-29 12:00:00

State Minister for Finance and Planning MA Mannan has termed the Bangladesh economy a private sector-led one and said the business policy will be reformed following consultations with the stakeholders...

Focus on framework to boost private sector

Focus on framework to boost private sector

-- 2017-10-29 11:56:14

Bangladesh needs internal institutional framework and stable energy policy to boost private sector for overall economic development. Experts made the remarks at a seminar organised by Dhaka Chamber o...

Thrust on formulating separate Islamic banking law

Thrust on formulating separate Islamic banking law

FE Report 2017-10-29 11:55:09

Experts have urged the government to introduce a separate and comprehensive law for regulating and promoting Islamic banking business in the country. "We cannot run our Islamic banking business at it...

Rising NPLs' possible financial feedback impacts worrisome

Rising NPLs' possible financial feedback impacts worrisome

 Jasim Uddin Haroon 2017-10-29 10:27:45

Swelling non-performing loans in Bangladesh, among other regional countries, is worrisome for their potential macro-financial "feedback" effects like economic growth and employment slowdowns. The As...

India unveils trade route to Afghanistan via Iran

India unveils trade route to Afghanistan via Iran

-- 2017-10-29 08:52:48

India is shipping its first consignment of wheat to Afghanistan by sea through Iran's strategic Chahbahar Port – thereby launching a trade route bypassing longtime rival Pakistan. The shipment,...

Nasrul banks on coordinated initiatives to ensure energy security

Nasrul banks on coordinated initiatives to ensure energy security

-- 2017-10-29 07:31:14

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said coordinated initiatives would ensure energy security in the country. "We have given emphasis on easy availability of cru...

Banks start long-term project funding

Banks start long-term project funding

Jasim Uddin Haroon 2017-10-28 12:00:00

Country's banks, at long last, have started making available funds to long-term projects. The same was hardly available in local financial sector earlier, sources said and billed it as a breakthroug...

'Family loses Tk 5,000 per month for pollution'

'Family loses Tk 5,000 per month for pollution'

-- 2017-10-28 12:00:00

A family living in Dhaka city has to incur a loss of additional Tk 4,000-Tk 5,000 per month, on average, due to dust pollution. City households have to spend the additional money on cleaning up their...

WB prescribes sustainable urbanisation for BD

WB prescribes sustainable urbanisation for BD

-- 2017-10-28 12:00:00

The World Bank (WB) has suggested Bangladesh that the South Asian country needs sustainable urbanisation to become an upper middle-income country by its 50th founding anniversary. "Cities are the eng...

Traders call for restructuring registration, renewal fees

Traders call for restructuring registration, renewal fees

Talha Bin Habib 2017-10-28 11:00:48

Traders have suggested that the government should restructure the registration and renewal fees for the import and export permits in order to boost import and export business in the country. Several...

Q1 foreign aid flow surges by 71pc

Q1 foreign aid flow surges by 71pc

FHM Humayan Kabir 2017-10-28 10:19:50

Foreign aid flow into Bangladesh picked up significantly by 71 per cent in the first quarter (Q1) this fiscal, largely with a Japanese funding splurge, officials said. Economic Relations Division (ER...

Facebook to disclose more on political ads

Facebook to disclose more on political ads

BBC 2017-10-28 10:00:03

Facebook has announced measures to make political advertising on the social media platform more transparent. Political advertisers will have to verify their identity and location and their posts will...

German budget surplus could reach 14b euros

German budget surplus could reach 14b euros

-- 2017-10-28 06:22:18

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela Merkel's conservative bloc as it tries to forge a n...