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Bangladesh has enough stock of wheat, says commerce minister

Bangladesh has enough stock of wheat, says commerce minister

-- 2022-05-18 17:28:51

Commerce Minister Tipu Munshi on Wednesday underplayed concern over wheat price saying the country has enough stock of the food grain. The minister was briefing the media after a meeting of the Task...

China in talks with automakers on electric vehicles subsidy extension

China in talks with automakers on electric vehicles subsidy extension

-- 2022-05-18 14:41:32

China is in talks with automakers about extending expensive subsidies for electrical automobiles (EV) that had been set to run out in 2022, aiming to maintain a key market rising because the broader...

Alamgir Ranch signs MoU with Daraz Bangladesh

Alamgir Ranch signs MoU with Daraz Bangladesh

FE ONLINE DESK 2022-05-18 14:35:00

As a part of sustainable business and its continued expansion, Alamgir Ranch Limited has signed a Memorandum of Understanding (MoU) with Daraz Bangladesh Limited recently. Mrs Sultana Jahan, director...

'Dev projects' audit may unearth unproductivity'

'Dev projects' audit may unearth unproductivity'

FE REPORT 2022-05-18 10:36:18

Transportation and safety expert Dr Mohammad Shamsul Hoque at a national conference on Tuesday demanded proper audit of the development, claimed so far through implementing various projects in line...

BB asks ADs for import shipment tracking

BB asks ADs for import shipment tracking

FE REPORT 2022-05-18 10:00:35

The central bank asks the authorised dealers (ADs) to track import shipments through vessel/container tracking as it smells a rat about trade-based money laundering of billions of dollars. Currentl...

BAJUS raises gold prices

BAJUS raises gold prices

FE REPORT 2022-05-18 09:55:39

Local jewellers on Tuesday revised the price of premium quality gold upward by Tk 1,750 per bhori. The new rate of the precious metal will come into effect today (Wednesday), said a press release iss...

Develop disaster risk management skills for sustainable development, speakers tell symposium

Develop disaster risk management skills for sustainable development, speakers tell symposium

FE REPORT 2022-05-18 09:50:13

Speakers at a programme on Tuesday urged the government to improve capacity and skills in disaster risk management (DRM) for a sustainable economic development. They also suggested providing incent...

Govt mulls digital policy for cross-border e-commerce

Govt mulls digital policy for cross-border e-commerce

REZAUL KARIM 2022-05-18 09:44:40

The government has planned to prepare a policy for cross-border e-commerce, aiming to facilitate exports of Bangladeshi products online. Currently, there is no specific policy in the country to opera...

Corporate tax return: NBR extends submission deadline until June 15

Corporate tax return: NBR extends submission deadline until June 15

FE REPORT 2022-05-18 09:16:37

The National Board of Revenue (NBR) has extended the time for submission of corporate tax returns for the assessment year 2021-22 until June 15 due to poor response so far. Until May 12 last, only...

Flour prices further go up

Flour prices further go up

YASIR WARDAD 2022-05-18 08:44:54

Pricey wheat flour has become pricier further in the market as importers and traders have reviewed prices of the staple just in three days on excuse of export ban by India, said market observers. F...

'Clinch fresh deals or cross uphill duty wall'

'Clinch fresh deals or cross uphill duty wall'

MONIRA MUNNI 2022-05-18 08:36:05

Bangladesh exports to the vast European market may face an uphill duty wall of 12 per cent after the country's LDC graduation and grace time if a fresh deal is missed. Over such an envisaged grim pro...

Musk negotiated Twitter deal without due diligence, shows proxy statement

Musk negotiated Twitter deal without due diligence, shows proxy statement

-- 2022-05-17 21:39:28

Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions about the social media company's business he has now cited in declari...

India to allow overseas wheat shipments

India to allow overseas wheat shipments

-- 2022-05-17 18:55:31

India will allow overseas wheat shipments awaiting customs clearance, the government said on Tuesday, introducing some relaxation in exports after it banned overseas sales of the staple on Saturday....

Dollar price surpasses Tk 100 in open market

Dollar price surpasses Tk 100 in open market

FE ONLINE DESK 2022-05-17 18:38:07

The price of the dollar has increased by a maximum of Tk 4 within a day in the open market in Bangladesh. According to media reports, money exchange companies in the Gulshan and Paltan areas of Dhaka...

Sonali Life distributes Tk 20m  dividend among new  shareholders

Sonali Life distributes Tk 20m dividend among new shareholders

FE ONLINE DESK 2022-05-17 14:34:04

Sonali Life Insurance (SLI) Company has distributed an additional Tk 20 million (Tk 2 crore) dividend among its new shareholders. Under the insurance company law, companies have to pay dividends amo...

Indulge in the limitless horizon of travelling with GoZayaan

Indulge in the limitless horizon of travelling with GoZayaan

RASSIQ AZIZ KABIR 2022-05-17 13:46:21

Nadia Islam, an employee of a reputed Dhaka-based financial company, has been looking for an opportunity to go to Nepal for a vacation for a long time. As someone who has a lot to deal with in her job...

Russian rouble near five-year highs against euro

Russian rouble near five-year highs against euro

-- 2022-05-17 11:54:25

The Russian rouble firmed past 64 per dollar on Monday, briefly jumping to 62.71 to the greenback, and climbed towards its highest in nearly five years against the euro, supported by continuing restri...

Iraq balks at greater Chinese control of its oilfields

Iraq balks at greater Chinese control of its oilfields

-- 2022-05-17 10:30:26

Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants...

CCCI urges traders to sell essentials at lower prices

CCCI urges traders to sell essentials at lower prices

OUR CORRESPONDENT 2022-05-17 10:11:09

President of Chittagong Chamber of Commerce and Industry (CCCI) Mahbubul Alam has called upon the traders and businesspeople to sell essentials at lower prices and with very nominal profits. He sai...

Rate of inflation much 'higher' than BBS data, Dr Debapriya tells media briefing

Rate of inflation much 'higher' than BBS data, Dr Debapriya tells media briefing

FE REPORT 2022-05-17 10:06:47

The Citizen's Platform for SDGs, Bangladesh said on Monday that the country's inflation rate could be much higher than the official figure of 6.22 per cent until March this year as the official data a...

Continue source tax for exporters at 0.5pc: EAB

Continue source tax for exporters at 0.5pc: EAB

FE REPORT 2022-05-17 09:54:00

Exporters Association of Bangladesh (EAB) on Monday urged the government to continue source tax for exporters at 0.50 per cent for the next five years to keep them competitive in the global market. T...

Hearing on power tariff hike proposal tomorrow

Hearing on power tariff hike proposal tomorrow

FE REPORT 2022-05-17 09:15:39

A day-long public hearing on bulk power tariff-hike proposal of state-run Bangladesh Power Development Board (BPDB) will be held tomorrow (Wednesday), Bangladesh Energy Regulatory Commission (BERC)...

What India's u-turn on wheat exports means for world markets

What India's u-turn on wheat exports means for world markets

-- 2022-05-16 20:03:05

India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses Canada, Europe and Australia and sna...

Walton announces cash-back of up to Tk 2.0m, free products

Walton announces cash-back of up to Tk 2.0m, free products

FE ONLINE DESK 2022-05-16 18:51:24

Walton has declared its ‘Digital Campaign Season-15' for the upcoming Eid-ul-Azha. Under the campaign, the Bangladeshi electronics giant announces a cash-back offer of up to Tk 2.0 million for...

McDonald's Corp to sell its business in Russia after 30 years

McDonald's Corp to sell its business in Russia after 30 years

-- 2022-05-16 17:37:24

McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, following Moscow's invasion of Ukraine. In March,...

Rooppur NPP: Installation of outer containment dome at unit-1 scheduled for October

Rooppur NPP: Installation of outer containment dome at unit-1 scheduled for October

FE ONLINE DESK   2022-05-16 14:28:31

Works on the pre-assembly outer containment dome of unit-1 have started at the Rooppur NPP. The dome is scheduled for installation in October of the current year. Assembly and subsequent erection and...

TCB's sale of essential items through family card begins next month

TCB's sale of essential items through family card begins next month

FE ONLINE REPORT 2022-05-16 11:04:03

The government has decided to launch countrywide truck sales of key essential items through family cards in June 2022 to keep the prices within people's purchasing power, according to a statement. Ho...

High-speed patrol boat for CPA reaches Ctg port

High-speed patrol boat for CPA reaches Ctg port

Nazimuddin Shyamol 2022-05-16 10:01:23

CHATTOGRAM: The Chittagong Port Authority (CPA) is procuring new equipment to modernise and increase the capacity of the Chittagong seaport. CPA procured a modern high-speed patrol boat from Italy wh...

Ensure quality of electronic products to tap global market, FBCCI tells manufacturers

Ensure quality of electronic products to tap global market, FBCCI tells manufacturers

FE REPORT 2022-05-16 09:59:48

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the businessmen to ensure the quality of domestic products in order to utilise the potential of global market for ele...

Egg hits Tk 11 a piece

Egg hits Tk 11 a piece

YASIR WARDAD 2022-05-16 09:47:01

Price of farm egg, a key protein source for commoners, shot up as high as Tk130 a dozen and accordingly each egg was selling at a record high of Tk11 from Sunday, augmenting woes of the limited-inco...