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The Financial Express

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Transit via BD ports for NE India to benefit sub-regional cooperation: ET

Transit via BD ports for NE India to benefit sub-regional cooperation: ET

FE Online Report 2020-07-27 13:49:41

The first trial container ship from Kolkata to Agartala and Karimganj through Chattogram port has not only opened up big opportunities for Indo-Bangladesh trade but also Bangladesh-Bhutan-India-Nepal...

BD women aim to shake up textile sector

BD women aim to shake up textile sector

THOMSON REUTERS FOUNDATION 2020-07-27 13:18:51

Five years ago, Sadeka Begum was working 12-hour shifts in a garment factory as the main earner for her family in Bangladesh. Today the 23-year-old is one of the first graduates of a special universi...

EBL MD's mother passes away

EBL MD's mother passes away

FE Online Report 2020-07-27 12:13:32

Rabeya Khandakar, mother of Ali Reza Iftekhar, Managing Director and Chief Executive Officer (CEO) of Eastern Bank Limited (EBL), has passed away at a specialised hospital in Dhaka.  The 86-year...

Gold hits record high as US-China ties worsen

Gold hits record high as US-China ties worsen

REUTERS 2020-07-27 11:44:40

Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe haven assets, although sentiment was mixed with tech...

Credit risk guarantee sought for lending to remainder of CMSMEs

Credit risk guarantee sought for lending to remainder of CMSMEs

FE REPORT 2020-07-27 10:17:11

The government should provide credit guarantee to banks for sharing the risk of disbursing loans to all cottage, micro, small and medium enterprises (CMSMEs) under the stimulus package, said a senior...

Global prospects dim for China's tech champions as great powers clash

Global prospects dim for China's tech champions as great powers clash

REUTERS 2020-07-27 10:01:13

Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European citie...

Chinese Yabang set to invest $300m

Chinese Yabang set to invest $300m

SAIF UDDIN 2020-07-27 09:57:42

China's Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh's economic zone, a top official said. The leading Chinese dye and paint manufacturer...

Eid cattle markets picking up momentum in Ctg

Eid cattle markets picking up momentum in Ctg

NAZIMUDDIN SHYAMOL 2020-07-27 09:54:39

CHATTOGRAM: Markets of sacrificial animals in the port city have started picking up momentum this week, with Eid-ul-Azha drawing nearer. Sources said there is no dearth of sacrificial animals in Ch...

Indian Oil resumes supplying petroleum products to BD

Indian Oil resumes supplying petroleum products to BD

M AZIZUR RAHMAN 2020-07-27 09:46:16

India's state-owned Indian Oil Corporation, commonly known as Indian Oil, has initiated supplying refined petroleum products to Bangladesh as a major supplier. Indian Oil has already delivered 30,0...

Grameenphone contributes Tk 300m to labour welfare fund

Grameenphone contributes Tk 300m to labour welfare fund

FE ONLINE REPORT 2020-07-26 19:40:28

Grameenphone on Sunday contributed Tk 300 million to the Bangladesh Labour Welfare Foundation Fund, the operator said in a press statement. A three-member delegation from Grameenphone led by its Chi...

Online apps reshaping cattle markets ahead of Eid

Online apps reshaping cattle markets ahead of Eid

-- 2020-07-26 18:26:57

With the occasion of sacrifice -- Eid-ul-Azha -- only days away, cattle markets have sprung across the country both in traditional and digital ways but the turnout of buyers is still apparently low du...

Eight teams to monitor city cattle markets

Eight teams to monitor city cattle markets

-- 2020-07-26 18:13:21

The Ministry of Fisheries and Livestock has formed eight surveillance teams to monitor the activities of the veterinary medical teams at the city cattle markets on the occasion of Eid-ul-Azha. A depu...

Copious monsoon rains spur summer crop sowing in India

Copious monsoon rains spur summer crop sowing in India

REUTERS 2020-07-26 15:48:47

Indian farmers have planted 79.9 million hectares with summer crops so far, according to the Ministry of Agriculture & Farmers’ Welfare, up 18.3 per cent from last year as robust monsoon rai...

Fahim Saleh's trailblazing innovation recalled

Fahim Saleh's trailblazing innovation recalled

FE Online Desk 2020-07-26 13:54:35

Venture Capital and Private Equity Association of Bangladesh (VCPEAB) hosted a virtual ceremony commemorating Fahim Saleh for the inspiration he has set for young founders through his contribution in...

Govt lowers rawhide price for sacrificial animals

Govt lowers rawhide price for sacrificial animals

FE ONLINE REPORT 2020-07-26 12:47:01

The government has lowered the price of rawhide and skin of sacrificial animals to Tk 35-40 per square foot (sft) (salted) in the capital during the upcoming Eid-ul-Azha. Last year, the price of rawh...

Alibaba, Jack Ma summoned by Indian court on former employee's complaint

Alibaba, Jack Ma summoned by Indian court on former employee's complaint

REUTERS 2020-07-26 11:31:46

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on co...

MoA to buy 51,300 farm machines   

MoA to buy 51,300 farm machines  

FE REPORT 2020-07-26 10:38:22

The Ministry of Agriculture (MoA) has reached a final decision to provide the farmers with 51,300 farm machines under its mechanization project. The farm mechanization project worth Tk 30.2 billion i...

RMG buyers placing orders, but at heavy bargain prices

RMG buyers placing orders, but at heavy bargain prices

MONIRA MUNNI 2020-07-26 09:37:27

The work orders for the country's struggling readymade garment (RMG) industry have started coming in, though not in a large amount, at heavy bargain prices. The price on average witnessed 14 per cent...

IMF reviews its income position

IMF reviews its income position

-- 2020-07-25 22:16:53

On April 27, 2020 the Executive Board of the International Monetary Fund (IMF) in Washington DC completed its annual review of the Fund’s income position for the financial year ending April 30,...

Standard telecom services not possible without adequate spectrum: BTRC Chairman

Standard telecom services not possible without adequate spectrum: BTRC Chairman

-- 2020-07-25 22:10:19

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Jahurul Haque on Saturday said that standard telecom service for mobile users cannot be ensured without adequate spectrum. Banglades...

SBAC training course on Shariah Banking begins

SBAC training course on Shariah Banking begins

FE Online Desk 2020-07-25 21:06:21

S M Amzad Hossain, Chairman, South Bangla Agriculture and Commerce (SBAC) Bank inaugurated a seven-day training workshop on 'Skills Development Program on Shariah Banking' on the Virtual Platform Zoom...

Ministry teams to monitor rawhide sales from Eid day

Ministry teams to monitor rawhide sales from Eid day

-- 2020-07-25 20:14:10

The monitoring teams formed by the Ministry of Commerce will work from the Eid day to ensure the collection of rawhides of sacrificial animals across the country. On the occasion of the Eid-ul-Azha,...

Fair Technology becomes distributor of Hyundai Motor

Fair Technology becomes distributor of Hyundai Motor

FE Online Report 2020-07-25 19:00:58

Fair Technology Ltd has formed a strategic partnership with Hyundai Motor to act as the latter’s authorised distributor of passenger vehicles and after-sales service provider. Mutassim Daiaan,...

US relaxes rules to export more aerial drones

US relaxes rules to export more aerial drones

-- 2020-07-25 16:46:06

The United States will re-interpret a Cold War-era arms agreement between 34 nations to allow US defence contractors to sell more drones to allies, the White House said on Friday. US President Donald...

Emirates to cover customers from Covid-19 expenses

Emirates to cover customers from Covid-19 expenses

FE Online Desk 2020-07-25 13:16:11

Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with Covid-...

RMG industry gets only 35pc production capacity booked: BGMEA

RMG industry gets only 35pc production capacity booked: BGMEA

-- 2020-07-25 10:47:41

A recent survey has found that only 35 per cent production capacity in the RMG industry has been booked, leaving the remaining 65 per cent empty for the consolidated period of July-December 2020. In...

Resumption of special OMS of rice: Food ministry in to-be or not-to-be situation

Resumption of special OMS of rice: Food ministry in to-be or not-to-be situation

REZAUL KARIM 2020-07-25 10:30:38

The food ministry is facing a dilemma over whether to resume special open market sale (OMS) of rice at Tk 10 per kg or continue with existing normal OMS service, officials said. To this effect, it...

Setting up plant seed institute: Move revived after two decades

Setting up plant seed institute: Move revived after two decades

JASIM UDDIN HAROON 2020-07-25 10:00:29

The government has recently taken a fresh move to establish an institute for conserving the country's plant seeds or germplasm, both traditional and endangered ones. The Cabinet, the executive office...

Virus stalls six PPP projects

Virus stalls six PPP projects

MUNIMA SULTANA 2020-07-25 09:56:54

The work of six Public-Private Partnership (PPP) projects involving over US$ 3.0 billion investment has virtually come to a halt due to Covid-19 pandemic. Besides, the uncertainty looms large over...

Online land tax payment likely from August

Online land tax payment likely from August

TALHA BIN HABIB 2020-07-25 09:51:08

Online payment of land related taxes is expected to begin from next month as part of the government's move to digitalise the country's land management system, according to land ministry officials....