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The Financial Express

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Saudi Arabian co likely to be appointed PCT operator

Saudi Arabian co likely to be appointed PCT operator

MUNIMA SULTANA 2022-12-01 08:52:03

The government has started working with a Saudi Arabian company to examine whether it can be appointed to operate the newly built Patenga Container Terminal (PCT), officials said. They said a deleg...

Real monthly wages fall sharply in many states

Real monthly wages fall sharply in many states

FE REPORT 2022-12-01 08:51:03

The severe inflationary crisis and slowdown in economic growth across the globe - driven in part by the war in Ukraine and global energy crisis - are causing a striking fall in real monthly wages in m...

Corporate commercial use of helicopters rising high

Corporate commercial use of helicopters rising high

MIR MOSTAFIZUR RAHAMAN 2022-12-01 08:46:22

Flying helicopters in corporate sector has seen an impressive rise in a decade with the number of privately-owned copters rising to 32 by 2020 though potential of other sectors remained untapped. Sou...

Airbus develops fuel-cell engine for hydrogen plane

Airbus develops fuel-cell engine for hydrogen plane

-- 2022-11-30 21:05:47

Airbus has started developing a fuel-cell engine, it said on Wednesday, sticking with plans to introduce a hydrogen-powered commercial aircraft by 2035. The system is one of several options being con...

Rashiduzzaman Khan new MD of Monstarlab Enterprise Solutions

Rashiduzzaman Khan new MD of Monstarlab Enterprise Solutions

FE ONLINE DESK 2022-11-30 20:51:00

Monstarlab Enterprise Solutions (MLES) has appointed Rashiduzzaman Khan Dipto as its managing director. Mr Khan was instrumental in establishing MLES which provides business process outsourcin...

HC advises lawyer to file a writ petition over Islami Bank’s suspicious lending

HC advises lawyer to file a writ petition over Islami Bank’s suspicious lending

-- 2022-11-30 20:09:38

A lawyer has decided to file a writ petition with the High Court over an alleged loan scam involving Islami Bank Bangladesh, the country’s largest Islamic bank. Justice Md Nazrul Islam Talukder...

India eyes bumper wheat harvest in 2023

India eyes bumper wheat harvest in 2023

-- 2022-11-30 13:02:02

India is expected to harvest a bumper wheat crop in 2023 as high domestic prices and replenished soil moisture help farmers surpass last year's planting, while an intense heat-wave cut output this yea...

BB suspends Islami Bank's loan disbursement of Tk 91.35b to 11 companies

BB suspends Islami Bank's loan disbursement of Tk 91.35b to 11 companies

FE ONLINE REPORT 2022-11-30 10:49:24

Bangladesh Bank (BB), in an immediate intervention, has suspended Islami Bank's loan disbursement of Tk 91.35 billion to 11 companies, including that of Nabil Group.  Seeking anonymity, a BB off...

3-day tourism expo kicks off tomorrow

3-day tourism expo kicks off tomorrow

FE REPORT 2022-11-30 10:16:57

The three-day long Bangladesh International Travel and Tourism Expo will begin tomorrow (Thursday) at Bangabandhu International Conference Center in the city's Sher-E-Bangla Nagar area aiming to boost...

Govt set to finalise RMG Sustainability Council framework

Govt set to finalise RMG Sustainability Council framework

REZAUL KARIM 2022-11-30 10:07:11

The government is set to finalise a framework for RMG Sustainability Council (RSC) with an eye to monitoring the overall activities of the national tripartite initiative - representing each of the thr...

Kamalapur multimodal hub project suffers snag for no TA

Kamalapur multimodal hub project suffers snag for no TA

MUNIMA SULTANA 2022-11-30 09:00:31

The planned multimodal transport hub at Kamalapur rail station has suffered for more than a year for not getting a transaction adviser (TA) to study its viability. The Bangladesh Railway (B...

Flour gets pricier by Tk 5-7/kg

Flour gets pricier by Tk 5-7/kg

YASIR WARDAD 2022-11-30 08:58:58

Flour prices witnessed a further hike in the city markets, intensifying sufferings of the consumers, already in a fix amid rocketing trend in the essentials' prices. Finer flour or maida price skyroc...

Probe, if written complaints received, Kamal says on loan scam

Probe, if written complaints received, Kamal says on loan scam

FE REPORT 2022-11-30 08:49:32

Alleged irregularities in the banking sector will be investigated if written complaints are received, says Finance Minister AHM Mustafa Kamal about reports on bank money being siphoned off. The remar...

Tax return submission: NBR receives requests for time extension

Tax return submission: NBR receives requests for time extension

FE REPORT 2022-11-30 08:46:12

The National Board of Revenue (NBR) received about 2.2 million income-tax returns and Tk 30.00 billion in tax from individuals until Tuesday, according to provisional figures. Some 2.6 million indi...

50-bed specialised hospital demanded for tannery workers

50-bed specialised hospital demanded for tannery workers

-- 2022-11-29 20:26:07

Tannery Workers Union (TWU) has demanded a 50-bed specialised hospital for the treatment of workers at Savar tannery hub, as they are suffering severe health hazards from the impact of chemicals used...

Singapore Airlines to secure Air India stake under deal with Tata

Singapore Airlines to secure Air India stake under deal with Tata

-- 2022-11-29 17:30:12

Singapore Airlines Ltd (SIA) said on Tuesday it would emerge as a 25.1 per cent owner of Air India as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons into...

Faster customs bond services sought for RMG industry

Faster customs bond services sought for RMG industry

-- 2022-11-29 17:12:27

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the Customs Bond Commissionerate (CBC) to provide faster and more simplified services to the RMG industry. The trade ass...

Cryptoverse: Messi takes on Ronaldo in fan coin world cup

Cryptoverse: Messi takes on Ronaldo in fan coin world cup

-- 2022-11-29 14:12:32

The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar. Interest in this niche breed of cryptocurrencies, typically linked to sports teams like Barce...

Hyundai Motor, SK On in EV battery supply pact in North America

Hyundai Motor, SK On in EV battery supply pact in North America

REUTERS 2022-11-29 14:08:22

South Korea's Hyundai Motor Group and battery maker SK On have signed a pact on the supply of electric vehicle (EV) batteries in North America, the companies said on Tuesday. In a statement, SK On sa...

Adani closes in on India's NDTV takeover

Adani closes in on India's NDTV takeover

FE ONLINE DESK 2022-11-29 13:22:52

New Delhi Television Ltd (NDTV) said on Monday an entity backed by its founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer t...

Jellyfish: Out of the fishing net and into the export basket?

Jellyfish: Out of the fishing net and into the export basket?

UNB 2022-11-29 11:55:35

Jellyfish has always been considered an inedible and therefore useless catch by the fishing communities in the country’s coastal districts. Despite never being considered as commercially viable,...

South Korea orders striking truckers in cement industry back to jobs

South Korea orders striking truckers in cement industry back to jobs

-- 2022-11-29 10:16:17

South Korea ordered striking truckers in the cement industry to return to work on Tuesday, an unprecedented step that invokes tough strike-busting laws as construction sites run out of building materi...

BARVIDA urges Mongla port not to raise wharf rent

BARVIDA urges Mongla port not to raise wharf rent

FE Report 2022-11-29 09:11:50

The reconditioned vehicle importers on Monday urged the Mongla Port Authority (MPA) not to increase the wharf rent considering the current economic situation in Bangladesh. Bangladesh Reconditioned V...

CanCham for deals to ensure duty benefits in Canada for exporters

CanCham for deals to ensure duty benefits in Canada for exporters

FE REPORT 2022-11-29 09:08:34

Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) has requested the government to sign bilateral agreements with Canada, in order to facilitate continuation of duty benefits th...

Call to beef up police patrols to check theft of RMG goods

Call to beef up police patrols to check theft of RMG goods

FE REPORT 2022-11-29 09:04:57

Leaders of the apparel and transport sectors on Monday called for beefed-up police patrols to check theft of readymade garment (RMG) goods during transportation. At the same time, Bangladesh Garment...

Free migration to Malaysia starts today

Free migration to Malaysia starts today

ARAFAT ARA 2022-11-29 09:01:47

Bangladesh starts sending workers to Malaysia at zero migration cost in the plantation sector from today (Tuesday). The first batch of 30 workers will go to the South-East Asian country with jobs....

Biyanibazar-1 well resumes gas production

Biyanibazar-1 well resumes gas production

FE REPORT 2022-11-29 08:59:31

Biyanibazar-1 onshore well in Sylhet region resumed natural gas production on Monday night after five years, officials say. Some 8.0 million cubic feet per day (mmcfd) of natural gas has been added...

Banglalink adds 0.89m subscribers in October

Banglalink adds 0.89m subscribers in October

FE ONLINE REPORT 2022-11-28 21:50:55

The country’s third largest mobile network operator Banglalink added 890,000 subscribers in October, thanks to, among other reasons, lucrative offers for the streaming of Fifa World Cup. With...

BGMEA wants 0.5pc source tax for five years

BGMEA wants 0.5pc source tax for five years

-- 2022-11-28 19:11:30

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded that the government make the tax at source on the RMG sector at the previous 0.5 per cent from the existing 1.0 per cent...

New Tk 2 and Tk 5 notes to be released Tuesday

New Tk 2 and Tk 5 notes to be released Tuesday

-- 2022-11-28 19:10:49

New notes of Tk 2 and Tk 5 are coming to the market tomorrow, in order to meet the ongoing shortage of such notes, finance ministry sources said. The newly printed notes signed by Senior Finance Secr...