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The Financial Express

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Uber wins legal battle over right to operate in London

Uber wins legal battle over right to operate in London

-- 2020-09-28 18:32:07

Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled on Monday that the company was a fit and proper operator despite ‘...

NBR reduces VAT on LPG cylinders

NBR reduces VAT on LPG cylinders

FE Online Report 2020-09-28 17:34:36

The National Board of Revenue (NBR) has reduced Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) cylinders in a bid to facilitate its domestic production. The VAT on LPG cylind...

Reforms in focus as US, Bangladesh hold economic discussion Wednesday

Reforms in focus as US, Bangladesh hold economic discussion Wednesday

FE Online Report 2020-09-28 16:54:47

Bangladesh needs to address issues such as corruption and infrastructure deficiency to improve the country's business climate and thus attract foreign investment, US officials said on Monday. Appreci...

Marium Group chairman Marium Helal passes away

Marium Group chairman Marium Helal passes away

FE Online Desk 2020-09-28 15:46:34

Marium Helal, the chairman of Marium Group of Industries and Marium Foundation, has died at a hospital in Dhaka. The 93-year-old, who had long been suffering from old age complications, breathed her...

FBCCI for tech transfer for competitive edge

FBCCI for tech transfer for competitive edge

FE REPORT 2020-09-28 10:30:34

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Sheikh Fazle Fahim stressed the need for technology and knowledge transfer to avail Bangladesh's production competitive edg...

US judge blocks Trump’s ban on new TikTok downloads

US judge blocks Trump’s ban on new TikTok downloads

REUTERS 2020-09-28 10:22:49

A US judge has temporarily blocked a Trump administration order that was set to bar Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O from offering Chinese-owned short video-sharing app TikTok for do...

330-MW Khulna power plant to be delayed further

330-MW Khulna power plant to be delayed further

FE REPORT 2020-09-28 09:50:21

Construction of the 330-megawatt (MW) dual-fuel combined cycle power plant in Khulna is likely to be delayed further, as the implementing authority has sought to add three gas booster compressors to...

Bangladeshi banks at grave risk of cyber attacks

Bangladeshi banks at grave risk of cyber attacks

FE REPORT 2020-09-28 09:24:14

The banks in the country would be at a grave risk of cyber attacks if they do not strengthen their cybersecurity systems in line with the central bank's guideline, cybersecurity expert Tanvir Hassan Z...

IBBL inaugurates 1500th outlet  

IBBL inaugurates 1500th outlet  

FE Online Desk 2020-09-27 22:17:35

Islami Bank Bangladesh Limited inaugurated 1500th outlet with 84 agent banking outlets across the country. With this, the number of agent outlets of the bank stood at 1566. Md. Mahbub ul Alam, Mana...

IFIC Bank opens 151st branch

IFIC Bank opens 151st branch

FE Online Desk 2020-09-27 22:10:15

IFIC Bank Limited has started journey of its 151st branch at DSE Tower in Nikunja area of the capital.  Managing Director of Dhaka Stock Exchange Limited, Kazi Sanaul Hoq has inaugurated the eve...

IPDC launches Bangabandhu grandmaster app

IPDC launches Bangabandhu grandmaster app

FE Online Desk 2020-09-27 22:01:32

The first-ever quiz app on the life and legacy of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman has been launched recently by IPDC Finance Limited. The Grand premiere was held virtually o...

Vivo’s budget phone Y20 hits Bangladesh’s mkt

Vivo’s budget phone Y20 hits Bangladesh’s mkt

FE Online Desk 2020-09-27 21:50:16

Chinese multinational technology company Vivo launches a new smartphone in the country's market with a 5000mAh powerful battery. The model of the smartphone is Vivo Y20 and it is priced at Tk 14,990....

FBCCI president mourns death of Mono Ranjan Dash

FBCCI president mourns death of Mono Ranjan Dash

FE Online Desk 2020-09-27 21:40:17

FBCCI President Sheikh Fazle Fahim has expressed deep grief over the death of Mr. Mono Ranjan Dash, the father of Mr. Sujib Ranjan Das, a director of FBCCI. In his condolence message, Sheikh Fazle Fa...

‘77pc businesses in Chattogram shopping mall not paying VAT’

‘77pc businesses in Chattogram shopping mall not paying VAT’

FE ONINE REPORT 2020-09-27 19:30:04

Some 77 per cent businesses in a shopping mall in Chattogram were found guilty of not paying VAT. The VAT intelligence of National Board of Revenue (NBR) drive found that some 203 out of 263 business...

Qatar Airways got $1.95b government lifeline after losses widened

Qatar Airways got $1.95b government lifeline after losses widened

-- 2020-09-27 18:04:20

Qatar Airways received a 7.3 billion riyal ($1.95 billion) lifeline from the Qatar government after losing 7.0 billion riyal in the year to March 31, the state-owned group disclosed on Sunday, reports...

‘Ministry has no plan to close state-owned sugar mills’

‘Ministry has no plan to close state-owned sugar mills’

-- 2020-09-27 17:05:49

Industries Minister Nurul Majid Mahmud Humayun on Sunday said the ministry has no plan to close state-owned sugar mills or lay off workers. “Initiatives are being taken to make sugar mills prof...

Emirates to resume services to five more destinations

Emirates to resume services to five more destinations

-- 2020-09-27 16:58:04

Emirates will resume flights to five more destinations in the beginning of October, says a press release. Emirates will resume flights to Johannesburg (Oct 01), Cape Town (Oct 01), Durban (Oct 04) in...

Sonali Bank achieves closing year-end process in eight hours

Sonali Bank achieves closing year-end process in eight hours

FE ONLINE REPORT 2020-09-27 16:24:55

Sonali Bank Limited, powered by Sonali Intellect Limited, has achieved a new milestone by closing its year-end process in eight hours. The process took eight hours and 17 minutes last year while it...

DIFE inspects 43,401 factories in FY 2018-19

DIFE inspects 43,401 factories in FY 2018-19

-- 2020-09-27 13:31:12

The Department of Inspection for Factories and Establishments (DIFE) inspected 43,401 factories across the country in the financial year of (FY) 2018 – 2019, according to an official data. The...

Full VAT automation now looks elusive

Full VAT automation now looks elusive

DOULOT AKTER MALA 2020-09-27 10:08:09

Around 63 per cent of the total cost of the VAT Online Project (VOP) has remained unspent though the deadline for its execution is set to end on December 31 next. The cost of the project is Tk. 6.90...

'Bangladeshi business entities must ensure better financial reporting'

'Bangladeshi business entities must ensure better financial reporting'

FE ONLINE REPORT   2020-09-26 23:27:32

Good financial reports by business organisations including smaller ones can build investors’ confidence, making Bangladeshi businesses comparable globally, business and financial analysts told a...

Experts stress FRC roles to address default loan problems

Experts stress FRC roles to address default loan problems

FE Online Report 2020-09-26 17:25:01

Financial Reporting Council (FRC) needs to play a more effective role for improvement of quality of audit and corporate financial reporting systems significantly which will consequently help address t...

EBL launches UnionPay debit, prepaid cards

EBL launches UnionPay debit, prepaid cards

FE Online Desk 2020-09-26 14:42:35

Eastern Bank Limited (EBL) has launched the country’s first Dual Currency UnionPay debit card and prepaid card. Cardholders can endorse up to USD 12,000 yearly travel quota limit to the newly l...

Chittagong port issues 305 permits to import onion in ten days

Chittagong port issues 305 permits to import onion in ten days

OUR CORRESPONDENT 2020-09-26 13:28:39

CHATTOGRAM: Import of onion through sea routes is on the rise as Chittagong Port's Plant Quarantine Centre issued a total of 305 Import Permissions (IP) to import onion from nearly half a dozen countr...

REHAB now plans to hold housing fair in March

REHAB now plans to hold housing fair in March

FE REPORT 2020-09-26 10:34:03

The annual housing fair of the Real Estate and Housing Association of Bangladesh (REHAB) is not being held this year due to the Covid-19 pandemic. Instead, it now plans to hold the next year's fair in...

India unlikely to revoke PUBG ban: Official

India unlikely to revoke PUBG ban: Official

REUTERS 2020-09-26 09:55:16

India is unlikely to revoke a ban on PlayerUnknown's Battlegrounds (PUBG) following PUBG Corp's decision to withdraw the mobile game's publishing rights in the country from China's Tencent 0700.HK, a...

Bangladesh eyes 3.0m tonnes of onion this year

Bangladesh eyes 3.0m tonnes of onion this year

JASIM UDDIN HAROON 2020-09-26 09:48:04

The government has planned to produce 3.0 million (30 lakh) tonnes of onion this year as part of its strategy to make Bangladesh an onion surplus country. The government looks to make Bangladesh self...

‘Dangerous’ cargoes at Chattogram port: Row over unloading lingers

‘Dangerous’ cargoes at Chattogram port: Row over unloading lingers

SYFUL ISLAM 2020-09-26 09:24:25

The shipping companies continue to face problems with their 'dangerous cargo' (DC) as the relevant authorities are yet to address the issue of unloading the same at the Chattogram port. The Banglad...

Agent banking on a roll

Agent banking on a roll

FHM Humayan Kabir 2020-09-26 09:22:53

The rapid pace of agent banking is changing the rural economic landscape as millions of unbanked people are coming into the fold of the formal financial services, bankers said on Friday. The total tr...

Biman resumes flights to Singapore on October 1

Biman resumes flights to Singapore on October 1

-- 2020-09-25 23:48:11

Biman Bangladeshi Airlines on Friday announced the resumption of flight operations on Dhaka-Singapore route from October 1, following a disruption of several months over the coronavirus pandemic. Bim...