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The Financial Express

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Metro rail ready to run with many firsts

Metro rail ready to run with many firsts

MUNIMA SULTANA 2022-12-25 08:57:53

The maiden metro rail, ready to roll this week, is set to introduce many new features in the transport system for the first time, according to officials and experts. The mass rapid transit (MRT)-06 i...

Top global destinations for Bangladeshi tourists in 2023

Top global destinations for Bangladeshi tourists in 2023

Ariyana A. Khan 2022-12-24 16:42:34

With the coronavirus pandemic gradually fading and travel bans being lifted across international borders, this past year has seen foreign travel picking back its pace rapidly from the steep plummet. T...

Russia says it may cut oil output up to 7pc over price cap

Russia says it may cut oil output up to 7pc over price cap

FE ONLINE DESK 2022-12-24 09:53:36

Russia may cut oil output by 5 per cent-7 per cent in early 2023, as it responds to price caps on its crude and refined products, and halt sales to the countries that support them, Deputy Prime Mini...

India seeks to recommence two border haats

India seeks to recommence two border haats

FE REPORT 2022-12-24 09:05:30

India has sought to reopen two border bazaars across the frontiers to facilitate its trans-border trade with Bangladesh, sources said. The haats are at Chagainaya (Bangladesh)-Srinagar (India) and Ka...

Protection deal delays deter Canadian investment

Protection deal delays deter Canadian investment

SYFUL ISLAM 2022-12-24 09:03:09

Finalising a draft Foreign Investment Protection Agreement (FIPA) gets in a slow lane, deterring Canadian investment in Bangladesh and delaying a bilateral free-trade deal, officials say. The Canadia...

Fish prices shoot up again hitting commoners hard

Fish prices shoot up again hitting commoners hard

FE REPORT 2022-12-24 09:00:11

Fish became pricier further last week augmenting sufferings of the commoners already in a fix amid the rocketing prices of grain, meat, cooking oil, sugar and other essentials. Both cultured and in...

Manufacturing squeeze signals slowdown

Manufacturing squeeze signals slowdown

JASIM UDDIN HAROON 2022-12-24 08:54:17

Manufacturing contraction in large-scale and medium industries amid high inflation at home and abroad, coupled with various other adversities, raises worry about economic slowdown. September data a...

Michael Bloomberg looking to buy Dow Jones or Washington Post

Michael Bloomberg looking to buy Dow Jones or Washington Post

-- 2022-12-23 21:21:37

Billionaire Michael Bloomberg, the owner of Bloomberg L.P., is interested in acquiring either Wall Street Journal parent Dow Jones or the Washington Post, news website Axios reported on Friday, citing...

TikTok steps up efforts to clinch US security deal

TikTok steps up efforts to clinch US security deal

REUTERS 2022-12-23 12:44:03

Popular short-video app TikTok is offering to operate more of its business at arm's length and subject it to outside scrutiny as it tries to convince the US government to allow it to remain under the...

Apple's workers in Australia go on Christmas strike

Apple's workers in Australia go on Christmas strike

-- 2022-12-23 12:13:15

Apple's workers in Australia initiated a strike Friday afternoon, demanding better working conditions and wages, a workers' union said, a move that might dent sales of the tech giant during the peak C...

Airlines scrap 4,400 US flights as winter storm disrupts holiday travel

Airlines scrap 4,400 US flights as winter storm disrupts holiday travel

REUTERS 2022-12-23 10:15:03

Over 4,400 flights have been canceled over a two-day period as a powerful winter storm hits the United States, coinciding with the start of a holiday season that some predict could be the busiest ever...

Bangladesh publishers to raise book prices by up to 27pc amid paper crisis

Bangladesh publishers to raise book prices by up to 27pc amid paper crisis

bdnews24.com 2022-12-23 09:08:31

The Bangladesh Book Publishers and Sellers Association has decided to raise book prices by up to 27 per cent in the new year due to rising prices of paper.  The imports of paper and pulp h...

Interest on rescheduled loans: Banks asked not to show receivables as income unless realised

Interest on rescheduled loans: Banks asked not to show receivables as income unless realised

FE REPORT 2022-12-23 08:59:07

The central bank has instructed the commercial banks not to transfer the interest receivables from the rescheduled and restructured loans or the loans that were given a one-time exit facility to their...

Metro opening to host a gathering

Metro opening to host a gathering

MUNIMA SULTANA 2022-12-23 08:53:22

The inauguration of the country's first metro rail on December 28 will see a celebratory public gathering near Diabari of Uttara to make it a memorable moment. Prime Minister Sheikh Hasina will addre...

High migration cost, fraud cause workers' woes

High migration cost, fraud cause workers' woes

FE REPORT 2022-12-23 08:51:49

The government talks about maintaining the country's (positive) image abroad. But the image cannot be protected, if its migrant workers are facing difficult situation in other nations. Economist Hoss...

NBFIs cannot change any vehicle before eight-year use: BB

NBFIs cannot change any vehicle before eight-year use: BB

-- 2022-12-22 20:35:07

Bangladesh Bank has instructed the non-banking financial institutions (NBFIs) that the institutions cannot change any of their vehicles before eight years. Earlier, as per a 2015 directive, there was...

Banglalink launches eSIM

Banglalink launches eSIM

-- 2022-12-22 19:52:57

Telecom operator Banglalink has launched eSIM to allow customers to avail of its digital services without using a physical SIM card. The service was launched at a ceremony in Dhaka Thursday, UNB repo...

Money-saving MFS to be popular, acceptable

Money-saving MFS to be popular, acceptable

FE REPORT 2022-12-22 11:56:24

Posts, Telecommunications and Information Technology Minister Mustafa Jabbar said on Wednesday that any money-saving scheme of the mobile financial services (MFS) providers would be popular and accept...

Highest taxpayers: 141 to get tax cards

Highest taxpayers: 141 to get tax cards

FE REPORT 2022-12-22 09:27:32

The National Board of Revenue (NBR) will honour 141 top taxpayers with tax cards as recognition of highest tax payment at national level in their respective sectors. It will also award 525 taxpayers...

Automation augments workload but not worker wages

Automation augments workload but not worker wages

FE REPORT 2022-12-22 08:43:09

Many garment workers, who stitch world-class apparel, say their wages did not increase despite an increase in their workload apace with machines following automation in the export industry's graduatio...

Now NBFIs’ borrowers get concession

Now NBFIs’ borrowers get concession

FE REPORT 2022-12-22 08:36:26

Bangladesh Bank (BB) has relaxed the loan-repayment and-classification rules for the borrowers of non-bank financial institutions (NBFIs) for the last quarter (October-December) of 2022. The new poli...

Costly dollar, inflation drive private sector credit flow

Costly dollar, inflation drive private sector credit flow

JASIM UDDIN HAROON 2022-12-22 08:26:31

Phenomenal global price rises and local currency's exchange-rate depreciation drive up Bangladesh's private-sector credit flow, a latest study by the central bank shows, while policymakers now contemp...

BB governor asks BASIC Bank to make a loan recovery plan

BB governor asks BASIC Bank to make a loan recovery plan

-- 2022-12-21 20:06:33

Bangladesh Bank has asked troubled BASIC Bank to make an action plan for the recovery of default loans and the funds that went out through lending irregularities. Central bank spokesman Mezbaul Haque...

Sameer Sattar to lead DCCI as new president

Sameer Sattar to lead DCCI as new president

-- 2022-12-21 19:15:59

Md Sameer Sattar, head of Sattar and Co, has been elected as the President of Dhaka Chamber of Commerce and Industry (DCCI) for the year 2023 while S M Golam Faruk Alamgir (Arman) as Senior Vice Presi...

Two more Bangladeshi garment factories get green building certification

Two more Bangladeshi garment factories get green building certification

-- 2022-12-21 18:52:07

Bangladesh has strengthened its position as the global leader in green apparel factories, as the country now has 180 such factories with the United States Green Building Council’s (USGBC) LEED c...

Nagad wins UK-based Global Brand Award 2022

Nagad wins UK-based Global Brand Award 2022

-- 2022-12-21 18:39:20

Nagad, a mobile financial service provider of Bangladesh Postal Department, has been named the "Best Innovative Digital Financial Service Brand" at the 10th Global Brand Awards 2022 held recently in D...

VISA Accelerator program 2023 is open to participate for Bangladeshi startups

VISA Accelerator program 2023 is open to participate for Bangladeshi startups

FE Online 2022-12-21 18:21:12

Visa has opened applications for the 'Visa Accelerator Program 2023' for startups in Asia Pacific, including Bangladesh. With this program, startups can unlock business growth potential and access Vis...

City Bank Opens new branch at Bashundhara

City Bank Opens new branch at Bashundhara

FE ONLINE DESK 2022-12-21 18:08:32

City Bank has inaugurated a new branch at Bashundhara Residential Area in Dhaka on Wednesday. Aziz Al Kaiser, chairman, cut ribbons to launch the new branch at a small ceremony held at the branch pre...

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

REUTERS 2022-12-21 14:01:11

When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country's mobile networks over the long-term, setting off a deterioration i...

PMO collecting data to tackle energy crisis in next summer

PMO collecting data to tackle energy crisis in next summer

UNB 2022-12-21 10:55:21

Prime Minister’s Office (PMO) has been collecting necessary information and data from two divisions and their associate bodies in the power and energy sector to make some policy decisions on pow...