The Financial Express

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Sonali Bank registers increased operating profit in 2022

FE REPORT 2023-01-02 08:49:22

Sonali Bank Limited registered an operating profit of more than Tk 25 billion in 2022 despite the country's banking system going through many challenges, including loan-related irregularities, during...

Sudden SD on limestone swells many products' costs

DOULOT AKTER MALA 2023-01-02 08:46:20

Sudden levying of hefty supplementary duty on limestone import hikes manufacturing cost of a plethora of products like cement, paper and so in local industries. Industry-insiders say the customs wing...

All BRTA fees can now be paid through Nagad

-- 2023-01-01 17:26:41

Customers can now pay all fees for the services provided by the Bangladesh Road Transport Authority through Nagad, a mobile financial service of the Bangladesh Postal Department. Nagad recently signe...

PM opens month-long DITF-2023

-- 2023-01-01 12:18:53

Prime Minister Sheikh Hasina on Sunday inaugurated the 27th edition of the ‘Dhaka International Trade Fair (DITF)-2023. The largest annual commercial and trade event of the country is being hel...

Telecom sector witnesses mixed year

ISMAIL HOSSAIN 2023-01-01 08:58:45

The country's telecom sector witnessed a mixed year in 2022, with some optimistic events like 5G spectrum auction and off-putting events like SIM sale ban on the largest mobile operator Grameen Phone....

Dear energy hikes basic food prices

M AZIZUR RAHMAN 2023-01-01 08:56:11

The prices of all types of energy -- natural gas, electricity and petroleum products -- soared astronomically in 2022, contributing to a hike in that of all essential commodities across the country....

‘40pc to 50pc edible oil demand to be met locally in three years’

-- 2022-12-31 21:27:45

Agriculture Minister Dr Md Abdur Razzaque on Saturday said the government has initiated a plan to increase production of edible oil so that the country can meet 40 per cent to 50 per cent demand for t...

Chevron sending two oil tankers to Venezuela

-- 2022-12-31 13:45:50

US oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person fam...

Marchers in southeast Iran denounce top leader in renewed protests

FE ONLINE DESK 2022-12-31 12:07:05

Demonstrators shouted slogans denouncing Iran's supreme leader in the restive southeast of the country on Friday, while a human rights group said at least 100 detained protesters were facing pos...

Drugmakers to raise prices on at least 350 drugs in US in January

-- 2022-12-31 11:12:00

Drugmakers including Pfizer, GlaxoSmithKline, Bristol Myers Squibb, AstraZeneca and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January, according t...

Fireworks, lanterns register sales boom

YASIR WARDAD 2022-12-31 09:09:52

It has been a long-held tradition to revel in the Gregorian New Year with a bang through fireworks from Dhaka's rooftops. Although illegal, retailers said, the trading of sparklers, crackers, sky-roc...

Residents rethink flat buy as cost outstrips means

SYFUL ISLAM and SAIF UDDIN 2022-12-31 08:52:39

Bangladesh's real-estate sector passes through bad days for both seller and buyer as property sales plummeted for price spiral fuelled by fallouts from the pandemic and the Ukraine war, industry insid...

Coal, gas lead 2022 commodities rally; recession fears greet New Year

FE ONLINE DESK 2022-12-30 13:34:20

Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia-Ukraine war stoked a sharp upswing in prices, while tighter...

China's Huawei sees 2022 revenue of $91.5 billion, up 0.4pc

REUTERS 2022-12-30 10:48:45

Chinese smartphone maker Huawei expects its revenue for 2022 to reach 636.9 billion yuan ($91.53 billion), media outlet the Paper said on Friday, citing a public letter from rotating chairman Eric Xu....

Hershey sued over chocolate containing heavy metals

-- 2022-12-30 10:41:34

Hershey Co has been sued by a consumer who accused the company of selling dark chocolate that contains harmful levels of lead and cadmium, reports Reuters. In a proposed class action filed on Wednesd...

Weekly Kitchen Market: Chickens, beef, aromatic rice get pricier

Yasir Wardad 2022-12-30 09:15:48

Prices of chickens, beef, aromatic rice and a few veggies witnessed further hike ahead of the new year celebration, augmenting sufferings of consumers. Prices of coarse rice, however, witnessed sligh...

e-GP helps save US$600m per year, says IMED Secretary

FE Report 2022-12-30 09:09:53

The government-introduced e-GP (electronic-government procurement) system saves some US$600 million per year due to hassle-free procurement, IMED Secretary Abu Hena Murshed Zaman said on Thursday....

BD sends back US-sanctioned Russian ship

MIR MOSTAFIZUR RAHAMAN AND M AZIZUR RAHMAN 2022-12-30 08:59:33

Bangladesh decides to deny berth to a Russian ship carrying goods for its maiden nuclear power plant as the vessel is under US sanctions over the Ukraine war. High-ups of the government told the FE...

Return filing crosses 2.7 million mark

DOULOT AKTER MALA 2022-12-30 08:51:54

The filing of returns by individual taxpayers has crossed the 2.7-million mark this fiscal year, thanks to an effective measure for mandatory submission of tax-return slip to avail services. They wil...

ASM Packall Export to invest $4.8m in Mongla EPZ

-- 2022-12-29 21:16:53

Bangladeshi company ASM Packall Export Industry will set up a garments accessories factory at Mongla Export Processing Zone (Mongla EPZ). The company will invest $4.8 million, and 400 Bangladeshi nat...

DPE, Nagad to ink deal for disbursing primary school students’ stipend

-- 2022-12-29 20:12:50

The government will distribute stipends to primary school students through mobile financial services (MFS) provider Nagad for the 2022-23 fiscal, according to UNB. The Directorate of Primary Educatio...

DITF set to kick off January 1

-- 2022-12-29 18:47:07

The month-long Dhaka International Trade Fair (DITF)-2023 is set to begin on Sunday at the 'Bangabandhu Bangladesh-China Friendship Exhibition Centre' in the capital's Purbachal area. Prime Minister...

DBBL opens branch at city’s Lalbag

FE ONLINE DESK 2022-12-29 18:14:12

Dutch-Bangla Bank Limited (DBBL) opened its 238th branch in the Lalbag area of Dhaka on Thursday. Mr Abul Kashem Md. Shirin, managing director and CEO of the bank, inaugurated the branch at B.S Tow...

20.9m litres soybean oil to be procured for TCB’S OMS programme

-- 2022-12-29 17:24:44

Trading Corporation of Bangladesh (TCB) will further procure a total of 20.9 million litres of soybean oil from local and international suppliers without any tender process. The state-run marketing a...

Consumers count 8.0-80pc more on essentials, services

YASIR WARDAD 2022-12-29 11:05:48

Consumer sufferings reached its peak in the outgoing year of 2022 as above 17 key essentials and services have become costlier by 8.0-80 per cent, causing an influential cut in real income of millio...

Govt to buy 21m litres for Ramadan

FE REPORT 2022-12-29 09:33:27

The government is set to purchase an estimated 21-million litres of soybean oil to arrest the price spiral of the item during the upcoming holy month of Ramadan, sources said. It has also a pla...

NBR honours 141 individuals, organisations with tax cards

FE REPORT 2022-12-29 09:31:39

The National Board of Revenue (NBR) on Wednesday honoured 141 highest income taxpayers at the national level for the fiscal year of 2021-2022 with tax cards, crests and certificates at a programme h...

Foreign aid flow still lower

FHM HUMAYAN KABIR 2022-12-29 09:30:28

Foreign aid inflow still maintains a lower trend as it fell by 21 per cent in five months until November than the same period last year, officials said on Wednesday. The government's tight moneta...

Power generation cut to one-third of capacity

M AZIZUR RAHMAN 2022-12-29 09:16:29

electricity generation across Bangladesh now hovers over one-third of the capacity with all diesel-fired and many gas-fired power plants lying idle due to sagging winter demand. The country's all...

Highest corp tax rates yield lowest receipts

FE REPORT 2022-12-29 09:00:47

Bangladesh's corporate-tax receipt stays low, around 1.6 per cent of GDP, despite charging one the highest rates in the region, a study shows to trace reasons for rising inequalities in society. Th...