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The Financial Express

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Chinese brands capture 29pc BD smartphone market

Chinese brands capture 29pc BD smartphone market

FE Online Desk 2017-12-23 07:42:49

Chinese brands continue to grow in Bangladesh which is now capturing 29 per cent of the market, according to a new report by research firm Counterpoint. The increasing mood has up from 13 per cent a...

Abul Kasem becomes DCCI president again

Abul Kasem becomes DCCI president again

-- 2017-12-23 05:37:15

Abul Kasem Khan and Kamrul Islam have been re-elected President and Senior Vice President of Dhaka Chamber of Commerce and Industry (DCCI) respectively for the year 2018. Riyadh Hossain has been elec...

Sonali Bank opens ATM booth at Akhaura Land port

Sonali Bank opens ATM booth at Akhaura Land port

Our Correspondent 2017-12-23 03:37:49

Sonali Bank Limited has opened an ATM booth at Akhaura Land port in Brahmanbaria. Advocate Anisul Huq, Minister for Law, Justice and Parliamentary affairs, inaugurated the booth on Friday. The booth...

Financial sector needs good governance, regulatory reforms

Financial sector needs good governance, regulatory reforms

FE Report 2017-12-23 02:55:23

Improvement in institutional governance and regulatory management in Bangladesh's financial sector is sine qua non for higher economic growth with all in society taken on board. Such a piece of sugge...

Bitcoin goes on wild ride

Bitcoin goes on wild ride

-- 2017-12-23 01:56:09

Bitcoin fell as much as 30 per cent overnight in Asia, and the action became so frenzied that the website Coinbase suspended trading. It later made up much of that ground, and slumped 9.5 per cent t...

IBBL donates ambulance to Ctg City Corporation

IBBL donates ambulance to Ctg City Corporation

FE Online Desk 2017-12-23 01:47:14

Islami Bank Bangladesh Limited has donated an ambulance to Chittagong City Corporation (CCC) under its CSR activities. Arastoo Khan, Chairman of the bank handed over the key of the ambulance to Md....

Mercantile Bank  inks deal with Moody’s

Mercantile Bank inks deal with Moody’s

FE Online Desk 2017-12-23 01:32:52

Mercantile Bank Limited (MBL) recently signed an agreement with Moody’s at the Head Office of the Bank. Under this agreement, Moody’s, the renowned international credit rating agency wi...

School banking deposits cross Tk 12b

School banking deposits cross Tk 12b

-- 2017-12-22 12:26:10

School banking is getting huge response among students across the country as deposits with the banking accounts have crossed Tk 12 billion. The central bank's latest quarterly report on financial inc...

Global oil drops from 2 ½ year highs

Global oil drops from 2 ½ year highs

-- 2017-12-22 12:11:17

Global oil prices on Friday dipped away from some of its highest levels since 2015, weighed down by rising US output and the expected January re-opening of the Forties pipeline in the North Sea. The...

New global 'economic architecture  needed to overcome challenges'

New global 'economic architecture needed to overcome challenges'

-- 2017-12-22 12:00:00

ICC Bangladesh President Mahbubur Rahman said the global economy delivered an impressive output of about US$75 trillion in 2016 and is expected to reach $100 trillion by 2021. However, the existing o...

Bicycle industry eyeing higher export growth

Bicycle industry eyeing higher export growth

Adnan Hossain Bhuiyan 2017-12-22 12:00:00

The country's bicycle industry is eyeing a 'positive' export growth in the international market in near future by overcoming a slowdown in its export in past few years. Industry insiders said the loc...

Bitcoin slips below $14,000

Bitcoin slips below $14,000

-- 2017-12-22 11:31:25

Bitcoin slipped more than 10 per cent to below $14,000 on the Bitstamp exchange on Friday, extending overnight losses. The cryptocurrency was last down 11 per cent at $13,872, reports Reuters. The...

Rice prices soar across varieties

Rice prices soar across varieties

Yasir Wardad 2017-12-22 11:20:56

In line with finer varieties, the prices of coarse varieties of rice also increased last week, battering the commoners further. Coarse rice Swarna and BR-11 were selling at Tk 50-Tk 54 a kg while h...

Summit LNG terminal project gets tax exemption

Summit LNG terminal project gets tax exemption

Doulot Akter Mala 2017-12-22 10:46:15

The National Board of Revenue (NBR) has exempted a fuel import terminal project from paying VAT and duty on materials and services required for construction of the facility. It issued a special order...

Bitcoin heads for worst week since 2013

Bitcoin heads for worst week since 2013

-- 2017-12-22 10:28:43

Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a...

New harvest to push onion prices down: Traders

New harvest to push onion prices down: Traders

-- 2017-12-22 09:52:40

Onion traders in the city are expecting a huge fall in the price once the newly produced onions start to reach the city markets. In Dhanmondi, Mohammadpur, Mohakhali and Segun Bagicha kitchen markets...

BD purchase two war vessels

BD purchase two war vessels

-- 2017-12-22 09:36:00

Two war vessels - CGS Mansoor Ali and CGS Kamruzzaman - joined Mongla Coast Guard fleet on Friday afternoon. With the addition of two vessels, now the number of vessels at Mongla is seven. The Italy...

Amu eyes trillion dollar Indian economy

Amu eyes trillion dollar Indian economy

-- 2017-12-22 08:12:29

Industries Minister Amir Hossain Amu feels that the investment opportunity of Bangladeshi entrepreneurs in the trillion dollar Indian economy is vast. The minister said it while inaugurating the "30t...

Gold prices hold steady below two-week high

Gold prices hold steady below two-week high

-- 2017-12-22 03:34:26

Global gold prices held steady below a two-week high in thin pre-holiday trade on Friday amid firmer equities and a sturdy dollar, remaining on track to log a second consecutive week of gains. Spot g...

Scope of consumer rights law to widen

Scope of consumer rights law to widen

Talha Bin Habib 2017-12-21 12:00:00

The process is now at the final stage to amend the existing Consumer Rights Protection Act 2009 bringing some more areas of business under it, officials said. The areas are laundry, tailoring, beauty...

AB Bank chairman, vice chairman resign

AB Bank chairman, vice chairman resign

-- 2017-12-21 12:00:00

AB Bank Chairman M Wahidul Haque, its Vice Chairman Salim Ahmed and Director Faheemul Huq have resigned from their positions in the bank. According to the sources concerned, their resignations were d...

Real estate business for REHAB members only!

Real estate business for REHAB members only!

-- 2017-12-21 12:00:00

A senior minister has said that no one will be allowed to run real estate and housing business in the country except the members of Real Estate and Housing Association of Bangladesh (REHAB). While sp...

Oil prices stable on lower US crude stocks

Oil prices stable on lower US crude stocks

Reuters 2017-12-21 11:53:36

Oil prices were stable on Thursday after posting strong gains late in the previous session on the back of a drop in US crude inventories. Another rise in US oil production, which is close to breaking...

Middlemen thrive on recruiting agencies' gap with migrants

Middlemen thrive on recruiting agencies' gap with migrants

FE Report 2017-12-21 11:43:18

The country's overseas job seekers are heavily dependent on middlemen in every stage of their migration process in the absence of easy access to the services rendered by the government and the authori...

Govt initiates two deals to buy re-gasified LNG

Govt initiates two deals to buy re-gasified LNG

M Azizur Rahman 2017-12-21 09:33:55

The government has initiated two separate sales and purchase agreements (SPAs) with Trafigura and the joint venture (JV) of Gunvor and Exmar to purchase 200 mmcfd each of imported re-gasified LNG from...

President seeks more manpower export to UAE

President seeks more manpower export to UAE

-- 2017-12-21 06:50:58

President Abdul Hamid on Thursday sought United Arab Emirates (UAE)’s assistance in employing both skilled and semi-skilled manpower from Bangladesh in their country. The president made the req...

Jamuna Bank opens 117th branch

Jamuna Bank opens 117th branch

FE Online Desk 2017-12-21 04:05:20

Jamuna Bank Limited (JBL) has inaugurated its 117th branch at Binodpur in Panchasar union of Munshiganj, recently.   Al Haj Nur Mohammed, Chairman of the Jamuna Bank Foundation, was present in t...

BAPEX holds 28th AGM

BAPEX holds 28th AGM

FE Online Desk 2017-12-21 02:12:05

Petroleum Exploration & Production Company Limited (BAPEX) has organised its 28th Annual General Meeting (AGM) at Gulshan area of the capital city, recently. The AGM approved the audited accounts...

Dollar firm against yen

Dollar firm against yen

-- 2017-12-20 12:41:11

The dollar was supported on Wednesday by expectations of a US tax overhaul while a sharp rise in German bond yields helped to underpin the euro. The House of Representatives approved the biggest US t...

Standard Bank opens new branch in Narayanganj

Standard Bank opens new branch in Narayanganj

FE Online Desk 2017-12-20 12:00:00

Standard Bank Limited (SBL) inaugurated 120th branch at Bhulta area of Rupganj upazila of Narayanganj district on Wednesday. S A M Hossain, the Vice Chairman of the Bank, was present in the programme...