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The Financial Express

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Dairy milk samples to be sent abroad for lab tests

Dairy milk samples to be sent abroad for lab tests

FE Report 2019-07-23 10:11:47

The country's dairy sector entrepreneurs and milk product manufacturers have decided to send samples of their products to internationally-reputed labs to cross-check the recent results obtained in var...

Move to boost expats' investment

Move to boost expats' investment

Rezaul Karim 2019-07-23 09:52:53

The government has taken a move to boost investment of Bangladeshi expatriates to help bolster the country's economy, officials said. To this end, they said, Department of National Savings (DNS) will...

Salt mill owners place four-point demands to govt

Salt mill owners place four-point demands to govt

FE Online Report 2019-07-22 20:49:25

Bangladesh Salt Mill Owners Association (BSMOA) on Monday urged the government to take immediate measures to protect the local salt industry. The association pointed the local industry is passing a c...

Workshop on taxation system conducted

Workshop on taxation system conducted

-- 2019-07-22 19:49:29

Junior Chamber International (JCI) Dhaka United and Dhaka Young jointly conducted a workshop recently on making people familiar with the tax system and terminologies. The event, titled ‘Introd...

High officials of Isuzu and Itochu arrive in Bangladesh

High officials of Isuzu and Itochu arrive in Bangladesh

-- 2019-07-22 18:04:59

A four-member Japanese delegation of Isuzu and Itochu has arrived in Bangladesh at the invitation of Uttara Motors Ltd, Assembler & Sole Distributor of Isuzu Motors in Bangladesh. The delegation...

Dutch envoy appreciates green initiatives of N'ganj knit factory

Dutch envoy appreciates green initiatives of N'ganj knit factory

FE Online Desk 2019-07-22 16:21:54

Ambassador of The Netherlands to Bangladesh Harry Verweij visited Plummy Fashions Ltd, country’s first globally–certified green knitwear factory, in Narayanganj on Monday. Plummy Fashions...

Seven win Colors Platinum Business Women Awards 2019

Seven win Colors Platinum Business Women Awards 2019

FE Online Desk 2019-07-22 13:00:43

Seven women successful in business received the ‘Colors Platinum Business Women Awards 2019’ at a function at the InterContinental Dhaka recently. State minister for ICT Zunaid Ahmed Pala...

Retaining GSP: EPB starts registering local exporters with EU database

Retaining GSP: EPB starts registering local exporters with EU database

FE Report 2019-07-22 12:00:38

The Export Promotion Bureau (EPB) of Bangladesh has started registering local exporters with the European Union database, known as REX (registered exporter) system, to facilitate issuance of statement...

Dairy cos meet today to devise salvage plan

Dairy cos meet today to devise salvage plan

Ismail Hossain 2019-07-22 11:46:46

The country's dairy sector entrepreneurs and milk product manufacturers are sitting in an emergency meeting today (Monday). The meeting takes place at the backdrop of repeated findings of harmful com...

Hyundai Motor Q2 net profit rises 31.2pc

Hyundai Motor Q2 net profit rises 31.2pc

-- 2019-07-22 11:38:32

South Korea’s Hyundai Motor on Monday said second-quarter (Q2) net profit climbed 31.2 per cent, as a weaker local currency helped lift US income, while new models boosted domestic sales. April...

BD becomes top destination for scrapped ships, NSP data shows

BD becomes top destination for scrapped ships, NSP data shows

Monira Munni 2019-07-22 10:08:59

Bangladesh has become the top destination for scrapped ships in the world with bringing the highest number of such vessels in the first half of the current year, according to a global coalition. Duri...

VAT registration: NBR makes it a must for 174-type businesses

VAT registration: NBR makes it a must for 174-type businesses

Doulot Akter Mala 2019-07-22 10:08:07

The National Board of Revenue (NBR) has made VAT registration mandatory for businesses of some 174 categories, irrespective of their annual business turnover as specified in the VAT and Supplementary...

All shopping malls, super shops under VAT: NBR

All shopping malls, super shops under VAT: NBR

-- 2019-07-21 20:49:57

Shopping malls and super shops across the country cannot operate without Value Added Tax (VAT) registration, the National Board of Revenue (NBR) through a Supplementary Revenue Order (SRO) said on Sun...

14th Int'l Financial Crime Forum held in Kuala Lumpur

14th Int'l Financial Crime Forum held in Kuala Lumpur

FE Online Desk 2019-07-21 16:11:07

ICC Commercial Crime Services and ICC Bangladesh have jointly organised the 14th International Financial Crime Forum 2019, with the theme 'The Changing Face of Financial Crime', in Kuala Lumpur recen...

Enact the right to food act immediately: Speakers

Enact the right to food act immediately: Speakers

FE Online Desk 2019-07-21 15:45:35

Bangladesh should immediately enact the Right to Food Act and implement it in order to ensure adequate amount of food and nutrition for the poor and extremely poor people in the country, speakers said...

Energypac partners with eGeneration for SAP

Energypac partners with eGeneration for SAP

FE Online Desk 2019-07-21 14:52:43

Energypac, a power engineering company, has signed an agreement with eGeneration Limited, an IT consulting and software solutions company, for SAP ERP solutions. SAP is especially well-known for its...

Four rest houses for highway drivers

Four rest houses for highway drivers

FHM Humayan Kabir 2019-07-21 12:41:19

The national road developer has decided to construct four rest houses for bus and truck drivers on highways to help ensure road safety. Officials said on Saturday the proposed resting places would be...

British Airways suspends flights to Cairo for seven days

British Airways suspends flights to Cairo for seven days

-- 2019-07-21 11:41:17

British Airways and Lufthansa abruptly suspended flights to Cairo from Saturday over security concerns, but gave no details about what may have prompted the move. "We constantly review our security a...

Project to help haor fishermen reach out to consumers in city

Project to help haor fishermen reach out to consumers in city

Talha Bin Habib 2019-07-21 11:24:26

For the first time in the country's history, fishermen in haor areas will be able to sell their fishes directly to the consumers in the capital. Both fishermen and consumers are going to benefit from...

Drawback Office proving toothless

Drawback Office proving toothless

Doulot Akter Mala 2019-07-21 09:53:07

The office responsible for handling drawback facility is finding it exceedingly difficult to function legally due to the absence of relevant rules regarding tax refund, officials said. With the imple...

Chinese Sinopec finds gas prospect in Shariatpur

Chinese Sinopec finds gas prospect in Shariatpur

M Azizur Rahman 2019-07-21 09:50:06

Chinese energy exploration firm Sinopec has found onshore natural gas prospect at Shariatpur in central Bangladesh after a 2D seismic survey, a senior official said. The Sinopec has carried out the s...

Himalayan Airlines to begin Kathmandu-Dhaka flight from Monday

Himalayan Airlines to begin Kathmandu-Dhaka flight from Monday

-- 2019-07-20 16:44:31

Himalayan Airlines, one of the private carrier of Nepal is going to commence Kathmandu-Dhaka-Kathmandu direct flight from Monday, reports BSS. The airline will operate three weekly flights by its A32...

Nilphamari's Chilahati landport left in lurch

Nilphamari's Chilahati landport left in lurch

-- 2019-07-20 12:47:42

Despite having huge prospects, Chilahati landport is yet to start its operation even after eight years of announcement to do so. The announcement for making the landport, which was shut during India-...

PLFSL: Liquidator to take charge in a day or two

PLFSL: Liquidator to take charge in a day or two

FE Report 2019-07-20 10:30:48

The newly-appointed liquidator for the People's Leasing and Financial Services Limited (PLFSL) is expected to take over the responsibility of the trouble-torn non-banking financial institution (NBFI)...

Fresh move to upgrade Dhk-Sylhet highway

Fresh move to upgrade Dhk-Sylhet highway

Mir Mostafizur Rahaman 2019-07-20 10:02:04

A fresh move is underway to upgrade the Dhaka-Sylhet highway to a four-lane one at a cost of Tk 132.480 billion. The 226-kilometre highway is a vital part of the BCIM (Bangladesh-China-India-Myanmar)...

Planning Commission warns on cheap labour

Planning Commission warns on cheap labour

Syful Islam 2019-07-20 09:52:01

With Bangladesh heading towards achieving the middle-income country status, local enterprises must find alternative path to stay competitive in the global market, the Planning Commission said. "In th...

BMW picks insider Zipse as CEO to catch up with rivals

BMW picks insider Zipse as CEO to catch up with rivals

-- 2019-07-19 20:00:07

BMW has named Oliver Zipse as its new CEO, continuing the German carmaker’s tradition of promoting production chiefs to the top job even as the auto industry expands into new areas such as techn...

Boeing takes $5b hit from grounding of 737 Max

Boeing takes $5b hit from grounding of 737 Max

-- 2019-07-19 12:45:49

Boeing is taking a $4.9 billion hit to cover costs related to the worldwide grounding of its 737 Max aircraft. The charge is set to wipe out profits when the world's biggest planemaker posts quarterl...

US, China officials discuss trade by phone

US, China officials discuss trade by phone

-- 2019-07-19 11:24:49

US and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesting in-person tal...

Farm credit disbursement crosses target in FY '19

Farm credit disbursement crosses target in FY '19

FE Report 2019-07-19 10:15:12

The disbursement of farm credit exceeded the target in the outgoing fiscal year (FY) 2018-19, helped by the central bank's efforts. "We've crossed the agriculture loan disbarment target through stren...