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The Financial Express

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Jet Airways sale suffers setback as two potential investors back out

Jet Airways sale suffers setback as two potential investors back out

-- 2019-08-12 20:57:31

Creditors’ hopes of resurrecting India’s Jet Airways  and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no...

Modi to inaugurate hydroelectric plant in Bhutan

Modi to inaugurate hydroelectric plant in Bhutan

-- 2019-08-12 17:41:35

THIMPHU, Aug 12: Of the many milestone activities that would take place during the visit of Indian Prime Minister, Narendra Modi this week, the 720MW Mangdechhu hydroelectric plant will be inaugurated...

Cattle smuggling from India drops 96pc

Cattle smuggling from India drops 96pc

-- 2019-08-12 15:54:47

Cattle smuggling has been a lucrative form of illegal trade along the India-Bangladesh border, according to a report by www.opindia.com. However, there has been a sharp fall in the number of cattle i...

India  Britannia planning new manufacturing units   In Bangladesh

India Britannia planning new manufacturing units In Bangladesh

-- 2019-08-11 12:05:26

Britannia Industries Ltd said recently it is evaluating opportunities to set up overseas manufacturing units, including in Bangladesh and other South East Asian nations. Britannia Industries is one o...

Price of spices heats up before Eid-ul-Azha

Price of spices heats up before Eid-ul-Azha

UNB 2019-08-10 18:38:02

The demand for spices, mainly used in meat dishes, usually soars during religious festivals like Eid-ul-Azha when Muslims across the country sacrifice millions of animals and there is no exception thi...

Trump's comments on China trade roil markets

Trump's comments on China trade roil markets

-- 2019-08-10 11:28:06

US President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bila...

Govt to bring domestic tour operators under regulations

Govt to bring domestic tour operators under regulations

Kamrun Nahar 2019-08-10 10:19:39

The government is set to bring the domestic tour operators under regulations by enacting a new law for a more planned development of the tourism industry. To this end, civil aviation and tourism...

'Uninterrupted power supply at affordable cost a must'

'Uninterrupted power supply at affordable cost a must'

FE Report 2019-08-10 10:07:57

State Minister for Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid on Friday said the country's power sector professionals should be prepared to overcome the challenges towards supplying un...

BSFIC sugar mills come under performance deals

BSFIC sugar mills come under performance deals

Mir Mostafizur Rahaman 2019-08-10 10:03:48

The government has started the process to introduce the Annual Performance Agreement (APA) model for the state-owned sugar industries in a bid to revamp this ailing sector. The APA system was intro...

Overseas jobs fall by 15pc in seven months

Overseas jobs fall by 15pc in seven months

FE Report 2019-08-10 09:59:44

The country's overseas employment has declined by about 15 per cent in the past seven months of this year compared to the corresponding period last year. A total of 384,812 workers went abroad with...

Media registration begins for int'l import expo in China

Media registration begins for int'l import expo in China

Xinhua 2019-08-09 20:37:04

The media registration for the upcoming second China International Import Expo (CIIE) was launched Friday. Registration will be open through September 30 and media services can register online at med...

IPDC Finance to sponsor BASIS National ICT Awards 2019

IPDC Finance to sponsor BASIS National ICT Awards 2019

FE Online Desk 2019-08-09 17:37:27

IPDC Finance Limited will sponsor the BASIS National ICT Awards ceremony 2019. An agreement between BASIS and IPDC Finance was signed recently in this regard. BASIS President Syed Almas Kabir, Conve...

Robi, ICMAB to collaborate on digital innovation

Robi, ICMAB to collaborate on digital innovation

FE Online Desk 2019-08-09 17:17:23

Robi and ICMAB have signed a MoU with a view to collaborate for enhancing the knowledge and skills of ICMAB’s students in the latest digital technologies. Under the agreement, Robi will set up...

IBBL opens agent banking outlet in Nurnagar Bazar, Satkhira

IBBL opens agent banking outlet in Nurnagar Bazar, Satkhira

FE Online Desk 2019-08-09 17:11:16

Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet in Nurnagar Bazar of Shyamnagar Upazila, Satkhira recently. S M Jaglul Hayder, Member of the Parliament, Satkhira-4 inaugurated the...

Facebook plans to offer millions of dollars to publishers for news

Facebook plans to offer millions of dollars to publishers for news

-- 2019-08-09 16:52:46

Facebook is reportedly in talks with news publishers to offer “millions of dollars” for the rights to publish their material on its site. The move follows years of criticism over its grow...

Apple offers record 'bounty' for finding iPhone security bugs

Apple offers record 'bounty' for finding iPhone security bugs

Reuters 2019-08-09 12:11:12

Apple is offering cyber security researchers up to $1 million to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about governmen...

Malaysia files criminal charges against 17 current, former Goldman Sachs directors

Malaysia files criminal charges against 17 current, former Goldman Sachs directors

-- 2019-08-09 11:37:36

Malaysia filed criminal charges against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc over the multi-billion dollar corruption probe at state fund 1MDB, the attorney gener...

Sales of slaughtering tools yet to get momentum

Sales of slaughtering tools yet to get momentum

SM Najmus Sakib 2019-08-09 11:00:26

Traders have started selling slaughtering equipments in the city markets ahead of the holy Eid-ul-Azha, with almost unchanged the prices than that of the previous year. Traders expected the sales t...

Coca-Cola to invest $200 million

Coca-Cola to invest $200 million

FE Report 2019-08-09 10:40:47

Coca-Cola has planned to invest US$ 200 million in Bangladesh in the next five years. Of the total amount, the multinational soft drinks manufacturing company will invest $ 50 million by next year....

Most RMG factories pay wages, festival allowances

Most RMG factories pay wages, festival allowances

FE Report 2019-08-09 10:36:05

Most of the 3,846 readymade garment (RMG) factories -- located in Ashulia, Gazipur, Narayanganj, Chattogram, Mymensingh and Khulna areas that are under the purview of the Industrial Police (IP) -- pai...

FBCCI demands lower interest rate

FBCCI demands lower interest rate

FE Report 2019-08-09 10:29:25

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demanded the authorities lower bank interest rate with easy access to finance to help achieve the $54 billion export target for t...

Hydrocarbon exploration: Fresh bids within one year

Hydrocarbon exploration: Fresh bids within one year

FE Report 2019-08-09 10:10:35

The government will launch a fresh bidding round for hydrocarbon exploration in both onshore and offshore blocks within next one year to delineate new discoveries and ramp up output at formal local ga...

Japan to allow first export of chemicals to Korea

Japan to allow first export of chemicals to Korea

Xinhua 2019-08-08 18:50:43

Japan will soon issue its first permit for exporting to South Korea some of the chemicals needed in producing semiconductors and display panels since imposing tighter controls last month, local media...

Apple faces probe in Russia

Apple faces probe in Russia

-- 2019-08-08 14:47:03

Apple is under investigation in Russia following a complaint from cybersecurity company Kaspersky Lab and may be abusing its dominant position in smartphone apps, Russia’s anti-monopoly watchdog...

China's foreign trade up 4.2 pc in first seven months

China's foreign trade up 4.2 pc in first seven months

-- 2019-08-08 12:15:31

China's foreign trade of goods rose 4.2 per cent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion US dollars), customs data showed Thursday. Exports inc...

PC sends back Ishwardi ICD project proposal due to flaws

PC sends back Ishwardi ICD project proposal due to flaws

Munima Sultana 2019-08-08 10:57:04

The Planning Commission (PC) has sent back a project proposal of Bangladesh Railway (BR) to set up an Inland Container Depot (ICD) at Ishwardi due to showing excessive cost of consultancy services...

Huawei seeks to set up innovation centre in BD

Huawei seeks to set up innovation centre in BD

FE Report 2019-08-08 10:16:53

Chinese telecommunication company Huawei has expressed its interest to establish a world-class innovation centre in Bangladesh. The technology company also wants to increase its investment in various...

Govt raises gas price for IOCs in new PSC

Govt raises gas price for IOCs in new PSC

M Azizur Rahman 2019-08-08 10:10:57

The international oil companies (IOCs) will get higher price for natural gas in the next bidding round, as the government has adopted the model production sharing contract (PSC) 2019 to lure them....

IBBL, Express Money open remittance campaign

IBBL, Express Money open remittance campaign

FE Online Desk 2019-08-07 18:02:11

Islami Bank Bangladesh Limited and Express Money inaugurated Remittance Campaign recently at Islami Bank Tower. Mohammad Qaisar Ali, Additional Managing Director of the Bank, inaugurated the campaign...

BUILD for ensuring credit lines for maximizing export competitiveness

BUILD for ensuring credit lines for maximizing export competitiveness

FE Online Desk 2019-08-07 17:35:23

Business Initiative Leading Development (BUILD) has called for ensuring financial schemes and credit lines for exporters in order to maximize export competitiveness. BUILD made the plea at a dialog...