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The Financial Express

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Sweet potato makes farmers smile

Sweet potato makes farmers smile

-- 2018-02-24 00:00:00

Many farmers are leaning towards cultivation of sweet potato in the region, including char (riverbed) areas, as the crop has a high demand with a potential to fetch a good market price, reports BSS....

BASIC seeks fresh fund  for capital replenishment

BASIC seeks fresh fund for capital replenishment

Rezaul Karim 2018-02-24 00:00:00

  Scam-hit BASIC Bank has requested the government to make available a fresh fund worth Tk 25 billion to meet its huge capital shortfall urgently, officials concerned said. Managing Director of...

Huawei to lead 5G race

Huawei to lead 5G race

-- 2018-02-23 18:24:53

China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation 5G networks...

Bangladesh Expo begins in Nepal

Bangladesh Expo begins in Nepal

-- 2018-02-23 18:07:19

The Fourth Bangladesh Expo 2018 started at Bhrikutimandap Exhibition Hall in Kathmandu of Nepal from Friday. The five-day trade fair will continue until February 27 aiming to promote the existing exc...

Oil market rebalancing, says Saudi oil minister

Oil market rebalancing, says Saudi oil minister

-- 2018-02-23 17:25:29

Saudi Arabia’s Oil Minister Khalid al-Falih on Friday said oil markets are rebalancing and he expected inventories to continue declining this year. “The oil markets, it’s clear, are...

Regent Airways starts flights to Dammam

Regent Airways starts flights to Dammam

FE Online Desk 2018-02-23 15:13:12

Regent Airways has spread the wings to the skies of Saudi Arabia, the largest workers market of Bangladesh in abroad. The inaugural flight with 150 passengers left Hazrat Shahzalal International Airp...

India-US trade friction heats up

India-US trade friction heats up

-- 2018-02-23 13:44:43

US businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi’s move to increase customs duties on dozens of products to help its flagship M...

Govt set to exempt banks from labour act purview

Govt set to exempt banks from labour act purview

Syful Islam 2018-02-23 09:49:42

The government is set to exempt banking companies from the purview of Bangladesh Labour Act 2006 as the bankers do not want to be treated as 'workers' as they perform white-collar jobs, sources said...

Palli Sanchay Bank plans branches in all upzillas by March

Palli Sanchay Bank plans branches in all upzillas by March

-- 2018-02-22 22:45:50

The Palli Sanchay Bank (PSB) says it’ll open its branches in all upzilla headquarters to help the poor and extreme-poor become self-reliant by providing them with collateral-free loans.  ...

Three-day int'l machinery expo begins

Three-day int'l machinery expo begins

-- 2018-02-22 20:24:58

A three-day 'Yellow Pages International Expo on Machinery' began in the capital on Thursday with a view to expanding the market of machinery for boosting the country's industrial sector. Liberation W...

Uber to aggressively invest in Southeast Asia

Uber to aggressively invest in Southeast Asia

-- 2018-02-22 19:05:44

Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the US ride hailing firm expects to lose money in the fast growing market due to...

IBBL holds client get together in Khulna

IBBL holds client get together in Khulna

-- 2018-02-22 15:22:21

Islami Bank Bangladesh Limited (IBBL) has recently organised a client get together on the occasion of Cash Waqf Campaign at a local hotel in Khulna. Md Mahbub ul Alam, managing director and CEO of th...

Softexpo kicks off in city

Softexpo kicks off in city

FE Online Report 2018-02-22 15:09:27

A four-day software and IT-enabled services exposition titled 'BASIS Softexpo-2018' kicked off in Dhaka on Thursday. The extravaganza will showcase mainly the local companies' capability in IT and re...

Centrica to cut 4,000 jobs by 2020

Centrica to cut 4,000 jobs by 2020

-- 2018-02-22 14:51:53

Centrica plc, Britain’s largest energy supplier, has decided to cut about 4,000 jobs by 2020 as the company raised its cost savings target by 500 million pounds. The company, which also reporte...

Robi incurs Tk 2.8b loss in 2017

Robi incurs Tk 2.8b loss in 2017

FE Desk Report 2018-02-22 13:26:20

Despite encouraging growth in terms of both subscriber and revenue, mobile operator Robi was unable to register any profit in 2017. Alongside continued investment for network development, a number of...

Brazil to decide on Total's Amazon river basin drilling

Brazil to decide on Total's Amazon river basin drilling

-- 2018-02-22 11:16:22

Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as t...

Ford’s US chief quits over inappropriate behaviour

Ford’s US chief quits over inappropriate behaviour

-- 2018-02-22 11:06:50

The president of Ford’s North America operations is abruptly leaving the company over inappropriate behaviour. Followed by an internal investigation led into the matter. The carmaker said its i...

Oil prices fall on firmer US dollar

Oil prices fall on firmer US dollar

-- 2018-02-22 09:59:02

Oil prices fell on Thursday, pulled down as a firmer dollar outweighed a report of a decrease in US crude inventories. US West Texas Intermediate (WTI) crude futures CLc1 were at $61.12 a barrel at 0...

GM pitches $2.8b investment in South Korea

GM pitches $2.8b investment in South Korea

-- 2018-02-21 21:31:12

General Motors (GM) has recently proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, accor...

Walmart shares fall 10pc due to slow online sales

Walmart shares fall 10pc due to slow online sales

-- 2018-02-21 17:07:38

Walmart shares fall 10pc due to slow online sales Online sales giant Walmart has reportedly lost its share value as they suffered their biggest percentage fall for more than three decades on Tuesday...

Southeast Bank donates patrol cars to DMP

Southeast Bank donates patrol cars to DMP

FE Online Desk 2018-02-21 15:02:34

Southeast Bank Limited has donated two patrol cars to Dhaka Metropolitan Police (DMP) as a part of its corporate social responsibility. Mohammed Gofran, additional managing director of the bank, hand...

Cos launch new brands as tea expo concludes

Cos launch new brands as tea expo concludes

FE Report 2018-02-21 09:37:54

The second edition of tea exposition concluded on Tuesday in Dhaka, generating enthusiasm among companies and visitors. Organisers and participants of the 'Bangladesh Tea Expo-2018' said the event ha...

Maersk plans to compete with UPS, Fedex as conglomerate breaks up

Maersk plans to compete with UPS, Fedex as conglomerate breaks up

-- 2018-02-21 00:31:48

AP Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesd...

US crude, Brent move in opposite directions

US crude, Brent move in opposite directions

-- 2018-02-20 21:04:38

  Oil markets were split on Tuesday, with US crude still carrying momentum from Friday's gains due to a holiday on Monday while international Brent prices eased, reports Reuters. US West Texas...

Six-member FBCCI team off to India

Six-member FBCCI team off to India

-- 2018-02-20 19:33:10

A six-member business delegation team of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) left Dhaka on Tuesday for India to attend the 'Global Business Summit 2018'. Sheikh Faz...

Rise in raw material prices makes construction costly

Rise in raw material prices makes construction costly

-- 2018-02-20 17:45:28

Prices of construction materials on the local market have gone up in recent weeks.  Market sources attributed the rise to increase of the prices of raw materials in the international market.&nbs...

Construction materials expo begins in city

Construction materials expo begins in city

FE Online Report 2018-02-20 15:36:20

A five-day expo on construction materials began on Tuesday with an aim to promote low-cost housing solution. Bangladesh House Building Research Institute (HBRI) organised the fair on its headquarters...

SIBL inaugurates agent banking unit at Baridhara

SIBL inaugurates agent banking unit at Baridhara

FE Online Desk 2018-02-20 15:23:49

Social Islami Bank Limited (SIBL) recently has opened its 67th agent banking unit at Baridhara area in Dhaka. Zafar Alam, deputy managing director of SIBL, formally joined the ceremony as the chief g...

Standard Bank opens branch in Bagichahat

Standard Bank opens branch in Bagichahat

FE Online Desk 2018-02-20 15:15:23

Standard Bank Limited has inaugurated its 125th branch at Bagichahat in Chandanaish upazila of Chittagong. Kamal Mostafa Chowdhury, director and founder vice chairman of the bank, was present at the...

KFC closes outlets among chicken chaos

KFC closes outlets among chicken chaos

-- 2018-02-20 14:55:29

Popular fried chicken chain Kentucky Fried Chicken (KFC) was reportedly forced to shut more than half of its 900 UK outlets after facing delivery problems stating shortage of chicken supply. The comp...