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FSIB opens branch at Baratakia

FSIB opens branch at Baratakia

FE Online Desk 2017-10-17 12:00:00

The First Security Islami Bank (FSIB) has opened a new branch at Baratakia in Chittagong to provide shariah based modern banking services to its clients. Syed Waseque Md Ali, managing director of t...

Corporate tax posts 20.55pc growth in Q1

Corporate tax posts 20.55pc growth in Q1

Doulot Akter Mala 2017-10-17 10:20:09

Income tax collection from the large corporate taxpayers posted 20.55 per cent growth in the first quarter of the current fiscal year (FY) largely because of higher financial contribution of the comme...

China to take 70pc stake in western Rakhine state port

China to take 70pc stake in western Rakhine state port

-- 2017-10-17 09:38:20

China has agreed take a 70 per cent stake in a strategically important sea port in Myanmar at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the countr...

Petrobangla signs deal with HSMPL for LNG terminal at Kutubdia

Petrobangla signs deal with HSMPL for LNG terminal at Kutubdia

-- 2017-10-17 09:08:30

Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) Tuesday signed Term-Sheet for LNG Terminal Use Agreement with Hongkong Shanghai Manjala Power Limited (HSMPL) and Petronas LNG Limited (Petron...

Paypal starts Venmo payment app this week for US retailers

Paypal starts Venmo payment app this week for US retailers

-- 2017-10-17 08:41:16

PayPal Holdings Inc said more than two million U.S. retailers will be able to accept payments through its mobile app Venmo starting this week. The online payment system is seeking to broaden its reac...

Shwapno, PFDA to facilitate gifted children as professionals

Shwapno, PFDA to facilitate gifted children as professionals

FE Online Report 2017-10-17 05:56:57

Shwapno Supershop and PFDA-Vocational Training Centre decided to facilitate gifted children with the best practices and expertise for their professional development. To this end, an agreement signin...

Fareast Islami Life Ins arranges business development meeting

Fareast Islami Life Ins arranges business development meeting

-- 2017-10-17 05:20:37

Fareast Islami Life Insurance Company Ltd arranged a business development and planning meeting at its zonal office in Munshiganj. Md. Matiur Rahman, Narayanganj divisional in-charge of the company, w...

Emirates offers complimentary UAE visa for Dhaka travellers

Emirates offers complimentary UAE visa for Dhaka travellers

FE Online Report 2017-10-17 05:11:57

Emirates recently launched a special offer for Bangladeshi passengers travelling to the United States, Canada, Europe or Africa which includes a complimentary 96-hour UAE visa. As per offer, First a...

RSRM holds 32nd annual general meeting

RSRM holds 32nd annual general meeting

-- 2017-10-17 05:07:34

The Ratanpur Steel Re-Rolling mills Ltd. (RSRM) held its 32nd annual general meeting (AGM) and 2nd Extraordinary General Meeting (EGM) recently. The programmes were held on last Thursday at Shoronika...

Savlon celebrates World Handwashing Day

Savlon celebrates World Handwashing Day

-- 2017-10-17 04:57:07

Antiseptic brand Savlon celebrated World Handwashing Day through organising some awareness related campaigns this year. Savlon arranged a rally jointly with the Department of Public Health Engineerin...

AB Bank donates Tk 50m to Rohingya refugees

AB Bank donates Tk 50m to Rohingya refugees

-- 2017-10-17 04:48:59

AB Bank Limited donated Tk 50 million to the Prime Minister’s Relief Fund for Rohingya refugees. Chairman of AB Bank Ltd. M.Wahidul Haque, along with Vice Chairman Salim Ahmed, handed over the...

Global oil jumps on Gulf tensions

Global oil jumps on Gulf tensions

-- 2017-10-16 12:41:48

Oil markets jumped on Monday on concerns over potential renewed US sanctions against Iran as well as conflict in Iraq. Brent crude futures LCOc1, the international benchmark for oil prices, were at $...

Uruguay to produce medical marijuana for export

Uruguay to produce medical marijuana for export

Reuters 2017-10-16 12:00:00

International Cannabis Corporation will produce Uruguay’s first batch of medical cannabis oil for export in December, the company’s chief executive said Sunday. The Montevideo-headquarter...

B’desh becomes 21st most attractive global offshoring destination

B’desh becomes 21st most attractive global offshoring destination

Mehdi Musharraf Bhuiyan 2017-10-16 10:19:02

Bangladesh becomes the twenty-first most attractive offshoring destination in the world and the ninth best-outsourcing hub in Asia as per a global rating of skilled services location. Such grading o...

Most companies not prepared for disaster

Most companies not prepared for disaster

Jasim Uddin Haroon 2017-10-15 12:00:00

The country's companies, small or large alike, looked blissfully unaware of business-continuity planning to survive any calamity though recent trends leave them susceptible to a variety of existing an...

BD 10th on first time online users list

BD 10th on first time online users list

-- 2017-10-15 12:00:00

Bangladesh is one of the top 10 economies by the number of people that went online for the first time between 2012 and 2015. The Information Economy Report 2017, prepared and released by the United N...

9-month export to India reaches $485m

9-month export to India reaches $485m

FE Online Report 2017-10-15 12:00:00

The country’s merchandise export to India reached $485.83 million in the first nine months of the current calendar year (2017). The statistics, revealed by the Export Promotion Bureau (EPB), al...

Revenue sleuths to probe suspect LCs, invoices

Revenue sleuths to probe suspect LCs, invoices

Doulot Akter Mala 2017-10-15 10:39:19

Revenue authorities may launch cent-percent physical inspection of the products in case of incomplete information in any suspect letter of credit (LC) or invoice. Officials said such full-scale Cust...

BD improves in UNCTAD B2C e‐commerce index

BD improves in UNCTAD B2C e‐commerce index

FE Online Report 2017-10-14 12:54:47

Bangladesh ranked 103rd among the 144 countries in the latest Business-to-Commerce (B2C) e-commerce index, prepared and released by the United Nations Conference on Trade and Development (UNCTAD) this...

Govt buying six Chinese cranes to help ease Ctg port congestion

Govt buying six Chinese cranes to help ease Ctg port congestion

Talha Bin Habib 2017-10-14 12:16:19

The government will purchase six gantry cranes at a cost of over Tk 3.44 billion for the smooth handling of containers at Chittagong Port, officials said. Shanghai-Zenhua Industries Company Ltd of Ch...

Dhaka roads need urgent repair

Dhaka roads need urgent repair

Kamrun Nahar 2017-10-14 12:00:00

Heavy downpour, prolonged monsoon and poor drainage system have damaged more city roads this year compared to the previous years, city corporation officials said. About 30 per cent roads of the 1350-...

Price fixing rampant as watchdog acts like a lame duck

Price fixing rampant as watchdog acts like a lame duck

 Jasim Uddin Haroon 2017-10-14 12:00:00

A watchdog born to bring healthy competition among businesses lies "ineffective" even after over one and a half years of its existence, leaving fair trade a far cry and price fixing unchecked. Recent...

Motorcycle policy on the cards

Motorcycle policy on the cards

Rezaul Karim 2017-10-14 12:00:00

The government has prepared the draft of a national policy for the motorcycle industry with a target to produce 1.0 million motorcycles and create 1.5 million jobs in the country by 2027, officials sa...

Police arrest ‘drug trader’ with heroin

Police arrest ‘drug trader’ with heroin

-- 2017-10-14 10:52:30

Police in a drive arrested a suspected drug trader along with one kilogram of heroin from South Buruj Bagan in Sarsha upazila of Jessore district on Friday evening. The arrestee was identified as Abd...

Switch to underground power substation halts for high cost

Switch to underground power substation halts for high cost

FHM Humayan Kabir 2017-10-14 10:15:49

A switch to rich-country practice of having underground power-transmission system received a blow with the rejection of two substation projects for the capital for their bloated costs. Officials sai...

Export to Germany crosses $4 billion in 9 months

Export to Germany crosses $4 billion in 9 months

FE Online Report 2017-10-14 02:35:01

The country’s merchandise export to Germany crossed $4 billion level in the first nine months of the current calendar year (2017). Statistics available with the Export Promotion Bureau (EPB) sh...

Regulator should ensure penalty, merger for banks' misconduct: BIBM study

Regulator should ensure penalty, merger for banks' misconduct: BIBM study

FE Report 2017-10-13 12:00:00

The regulatory authority should ensure strict punishments in case of wrongdoings by banks, and afterwards should go for their forced merger and acquisition, if the problems prove to be of permanent na...

Access to finance 'still a challenge for SMEs'

Access to finance 'still a challenge for SMEs'

FE Report 2017-10-13 12:00:00

Eminent economist Professor Wahiduddin Mahmud Thursday said that despite exponential growth of non-farm activities in rural economy, there is still a problem of scaling up small and medium enterprises...

Half of BRTC's Daewoo buses now inoperative

Half of BRTC's Daewoo buses now inoperative

Munima Sultana 2017-10-13 12:00:00

Almost half of 255 buses, imported by Bangladesh Road Transport Corporation (BRTC) from Daewoo company of South Korea, have been lying inoperative for long. The situation has forced the state-owned b...

Samsung CEO announces shock resignation

Samsung CEO announces shock resignation

Reuters 2017-10-13 12:00:00

Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay...