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Amazon to offer auto insurance in India

Amazon to offer auto insurance in India

Reuters 2020-07-23 15:57:40

Amazon.com's Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant’s first market for the service. Amazon Pay, the India unit’s paymen...

Bangladesh imports more fruits as pandemic drives demand

Bangladesh imports more fruits as pandemic drives demand

-- 2020-07-23 14:39:56

The import of fruits, particularly vitamin-C enriched ones such as orange, kinnow and apple recommended by health experts to ward off the coronavirus, has increased amid the pandemic. Although the ha...

Daraz launches dExports, enabling local SMEs to reach int'l markets

Daraz launches dExports, enabling local SMEs to reach int'l markets

FE Online Desk 2020-07-23 12:05:35

Daraz Bangladesh (daraz.com.bd) has launched dExports in order to support small-and-medium enterprises (SME) that have suffered significant losses due to the economic fallout caused by the COVID-19 gl...

Huawei Eid offer

Huawei Eid offer

FE Online Desk 2020-07-23 11:47:26

Huawei offers a chance to win a number of attractive gifts on buying smartphone and or tab ahead of this Eid. The list of gifts includes the popular nova 7i, Watch GT 2e, Huawei 360 degree VR camera,...

Signs of farm 'revolution' in India as coronavirus prompts change

Signs of farm 'revolution' in India as coronavirus prompts change

REUTERS 2020-07-23 10:25:16

For more than two decades, Indian farmer Ravindra Kajal cultivated rice the way his forefathers had - every June he flooded his fields with water before hiring an army of farmhands to plant paddy seed...

Cabinet approves import of 0.73m tonnes of fertilisers

Cabinet approves import of 0.73m tonnes of fertilisers

 FE REPORT 2020-07-23 09:47:33

The Cabinet Committee on Government Procurement on Wednesday approved importing 730,000 tonnes of fertilisers at a cost of Tk 1.357 billion. Of the total quantity, 550,000 tonnes are urea fertiliser...

BPC now importing cleaner diesel for better environment

BPC now importing cleaner diesel for better environment

M AZIZUR RAHMAN 2020-07-23 09:42:44

Bangladesh has started importing cleaner 0.005 per cent sulfur gasoil, or diesel, from this month instead of the previous 0.05 per cent sulfur gasoil to ensure better environment. The state-run Bangl...

Daraz launches dExports, enabling local SMEs to reach international markets

Daraz launches dExports, enabling local SMEs to reach international markets

-- 2020-07-22 20:48:12

Daraz Bangladesh (daraz.com.bd) has launched dExports in order to support small-and-medium enterprises (SME) that have suffered significant losses due to the economic downturn caused by the COVID-19 p...

‘Banks reluctant to disburse loan from stimulus package to MSMEs’

‘Banks reluctant to disburse loan from stimulus package to MSMEs’

FE ONLINE REPORT 2020-07-22 18:33:22

Banks are reluctant to disburse loan from the stimulus package to the micro, small and medium enterprises (MSMEs), according to the experts and stakeholders. The mentioned that MSMEs sometimes face c...

Public sector tenders through e-GP platform reach 0.4m

Public sector tenders through e-GP platform reach 0.4m

FE Online Report 2020-07-22 16:44:36

The number of public sector tenders invited through the e-GP platform in the last nine years reached 0.4 million on Wednesday, government procurement watchdog CPTU said. To date, the ministries and a...

Pay through Nagad at DNCC's Digital Haat

Pay through Nagad at DNCC's Digital Haat

FE Online Desk 2020-07-22 15:25:37

Considering the suffering of the citizens and the health risks of the Covid-19 pandemic, this year the Dhaka North City Corporation (DNCC) is not allowing any cattle market in the city ahead of Eid-ul...

Govt warns of stern action against child labour in leather sector

Govt warns of stern action against child labour in leather sector

FE Online Report 2020-07-22 15:00:40

The government has warned of taking legal action if any child labour is employed in risky jobs of leather transport, processing and preservation ahead of the Eid ul Azha.  Labour and employment...

Returnee women workers staring into uncertainty

Returnee women workers staring into uncertainty

ARAFAT ARA 2020-07-22 10:30:02

About 86 per cent of women migrant workers who have returned to the country are facing uncertainty over their livelihood because of the Coronavirus pandemic, according to a study. Worried about their...

BB to declare Tk 20b credit insurance scheme for SMEs

BB to declare Tk 20b credit insurance scheme for SMEs

FE REPORT 2020-07-22 09:56:33

Bangladesh Bank is going to announce a Tk 20 billion credit guarantee insurance scheme for the small and medium enterprises (SMEs), said an adviser of the Prime Minister on Tuesday. The scheme will b...

BPC shelves plan to rent private tanks to store oil

BPC shelves plan to rent private tanks to store oil

M AZIZUR RAHMAN 2020-07-22 09:54:32

The Bangladesh Petroleum Corporation (BPC) has finally put off a plan of arranging private sector storage facilities on rental basis to store its oil. The state-run corporation planned to store as mu...

LinkedIn laying off nearly 1,000 amid hiring slowdown

LinkedIn laying off nearly 1,000 amid hiring slowdown

AP 2020-07-21 19:19:57

LinkedIn is laying off nearly 1,000 employees, approximately 6.0 per cent of its workforce globally, with unemployment in the US above 13 per cent and national economies from Europe and Asia, to the A...

Gold rises to nine-year peak on stimulus bets, silver soars

Gold rises to nine-year peak on stimulus bets, silver soars

REUTERS 2020-07-21 16:10:19

Gold rose to a nine-year high on Tuesday as expectation of higher inflation from increased stimulus overshadowed the resultant gain in risk appetite, while silver breached the $20 level for the first...

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

-- 2020-07-21 15:34:15

Microsoft Corp’s professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6 per cent of its global workforce, as the coronavirus pandemic is having a sustained impac...

City Bank launches 'Digital Loan' on pilot basis with bKash

City Bank launches 'Digital Loan' on pilot basis with bKash

FE Online Desk 2020-07-21 15:25:52

City Bank has launched a collateral-free Digital Loan, whereby users can request and receive loans of up to Taka 10,000 instantly through bKash. This is a pilot initiative targeting a limited group of...

Emirates to resume flights to Stockholm, Oslo

Emirates to resume flights to Stockholm, Oslo

FE Online Desk 2020-07-21 14:25:55

Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities. The restart of Stockholm flights means that all Emirates gateways...

BB waives submission of bill of entry in papers against import

BB waives submission of bill of entry in papers against import

FE Online Report 2020-07-21 14:23:03

The central bank has waived the requirement of submission of bill of entry (B/E) in hard copy by the importers aiming to facilitate business activities in Bangladesh.   Under the relaxations, au...

US blacklists 11 more Chinese firms

US blacklists 11 more Chinese firms

-- 2020-07-21 11:12:39

The US Commerce Department on Monday added 11 Chinese companies implicated in what it called human rights violations in connection with China’s treatment of its Uighurs in Xinjiang in western Ch...

EBL to get US$40m credit from DEG, FMO

EBL to get US$40m credit from DEG, FMO

FE Online Report 2020-07-21 10:47:39

The German Investment Corporation - DEG and Netherlands Development Finance Company - FMO will provide US$40 million credit to Bangladesh’s Eastern bank Limited for SME and green financing. In...

India’s biggest airline IndiGo to cut 10pc of staff

India’s biggest airline IndiGo to cut 10pc of staff

-- 2020-07-21 10:21:54

Indian airline IndiGo has become the latest carrier to reveal how hard it has been hit by the collapse in demand for flights due to Covid-19. The country's largest airline said it would shed 10 per c...

DNCC declares Tk 45 billion budget

DNCC declares Tk 45 billion budget

FE REPORT 2020-07-21 09:36:23

Dhaka North City Corporation (DNCC) unveiled on Monday a budget outlay of Tk 45 billion, prioritising mosquito control, garbage management and development of the newly-added wards. The DNCC budget...

Pay RMG workers' Eid bonus by July 27: State minister

Pay RMG workers' Eid bonus by July 27: State minister

-- 2020-07-20 22:32:34

State Minister Labour and Employment Begum Monnujan Sufian on Monday urged the owners of garment factories to pay Eid bonus to their workers by July 27 and half of the salary by July 30. She made the...

Bangladeshi bankers at IICMR-India

Bangladeshi bankers at IICMR-India

FE DESK REPORT 2020-07-20 09:58:34

Mr. Anis A Khan- former Managing Director and CEO of Mutual Trust Bank Ltd ( MTBL) and Mr. Md Mazadul Hoque - economic analyst and officer of Social Islami Bank Ltd ( SIBL) shared their views in a w...

Yeafesh optimistic about Covid-19 research at BCSIR’s lab

Yeafesh optimistic about Covid-19 research at BCSIR’s lab

FE DESK REPORT 2020-07-20 09:54:35

Science and Technology Minister Architect Yeafesh Osman expressed his optimism over the Covid-19) research that is being carried out at the world class modern laboratory of Bangladesh Council of Scien...

Govt suspends routine tours to cut spending

Govt suspends routine tours to cut spending

FE REPORT 2020-07-20 09:54:15

The government has suspended routine tours under the operation and development budgets as part of austerity measures during the Covid-19 pandemic. In a notification issued on Sunday, the ministry o...

Govt moves to boost industrial productivity

Govt moves to boost industrial productivity

FE REPORT 2020-07-20 09:45:02

The government has taken an initiative to set up three state-of-the-art technology centres (TCs) and one specialised design and technology centre (DTC) with a view to boosting industrial productivity,...