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The Financial Express

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Export policy should reflect roadmaps, growth projections: Stakeholders

Export policy should reflect roadmaps, growth projections: Stakeholders

FE REPORT 2022-01-19 09:03:51

Roadmaps for export oriented plastic and light engineering as well as their growth projections need to be aligned with upcoming export policy, said speakers at a workshop on Tuesday. Business Initi...

Bid for doubling gas price, fear of public suffering expressed

Bid for doubling gas price, fear of public suffering expressed

M AZIZUR RAHMAN 2022-01-19 09:01:02

State-run gas companies bid for doubling gas tariffs for all consumers on grounds of high-priced import of liquefied natural gas (LNG), fueling protests. They have submitted proposals separately to B...

CID asked to de-freeze Qcoom account for payback

CID asked to de-freeze Qcoom account for payback

FE REPORT 2022-01-19 08:56:50

The government asks the police to de-freeze Qcoom's payment settlement account to pay back the stuck-up funds to its affected clients, officials say. The Criminal Investigation Department (CID), the...

Gridlock around Gazipur belt causing working hour loss, cost hike

Gridlock around Gazipur belt causing working hour loss, cost hike

FE REPORT 2022-01-19 08:53:28

Heavy congestion on the Dhaka-Gazipur Highway has been causing loss of working hours and increasing cost of industrial units, including ready-made garment (RMG) ones, located in the adjacent areas....

Booming resort industry lacks regulation

Booming resort industry lacks regulation

MIR MOSTAFIZUR RAHAMAN 2022-01-19 08:34:54

Bangladesh's resort industry, which has seen spectacular growth in last one decade, enjoys a bumper business this season after two devastating years of pandemic pause. The Tk 30 billion sector, hard...

Central bank likely to approve Shakib’s directorship at People’s Bank on Thursday

Central bank likely to approve Shakib’s directorship at People’s Bank on Thursday

-- 2022-01-18 19:38:09

Bangladesh Bank is likely to approve share ownership of cricketer Shakib Al Hasan and his mother Shirin Akhtar in the proposed People’s Bank in the upcoming meeting of its board of governors, so...

Mashrur Arefin reappointed as City Bank MD & CEO

Mashrur Arefin reappointed as City Bank MD & CEO

FE ONLINE DESK 2022-01-18 15:21:37

Mashrur Arefin has been reappointed as the managing director & CEO of The City Bank Limited for another three years. His reappointment will take effect from January 2022, the private commercial b...

Credit Suisse boss resigns over Covid breaches

Credit Suisse boss resigns over Covid breaches

FE ONLINE DESK 2022-01-18 10:18:19

The chairman of global banking giant Credit Suisse, Antonio Horta-Osorio, has resigned with immediate effect after breaking Covid quarantine rules, reports BBC. Mr Horta-Osorio, who was with the bank...

Major US airline CEOs warn 5G could ground some planes

Major US airline CEOs warn 5G could ground some planes

-- 2022-01-18 10:15:48

The chief executives of major US passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis in less than 36 hours, when AT&T and Verizon are set to deploy new 5G...

Jute millers fix maximum buying price

Jute millers fix maximum buying price

FE REPORT 2022-01-18 10:05:26

The country's jute millers, spinners and exporters have taken a decision of not purchasing premium quality raw jute at prices more than Tk 3,000 per maund. The Bangladesh Jute Mills Association (BJMA...

Industrial policy should have legal basis: FBCCI

Industrial policy should have legal basis: FBCCI

FE REPORT 2022-01-18 10:02:17

The upcoming National Industrial Policy-2021 should have a legal basis to make it purposeful, as entrepreneurs cannot reap all benefits of the current policy for some loopholes. Business leaders said...

Monthly import bill hits record $6.0b

Monthly import bill hits record $6.0b

SIDDIQUE ISLAM 2022-01-18 09:19:12

The single-month import payments hit an all-time high of US$6.0 billion in December 2021 following higher purchase of textile items from the global market to build a satisfactory stock of the capital...

Unruly inflation irks many, upends family upkeep accounts

Unruly inflation irks many, upends family upkeep accounts

FHM HUMAYAN KABIR 2022-01-18 09:16:05

Bangladesh feels unrelenting inflationary pressure from price rises both at home and abroad and economists say the situation could slip out of control unless monetary-policy mechanisms are applied....

BGMEA seeks govt support to address RMG sector challenges

BGMEA seeks govt support to address RMG sector challenges

-- 2022-01-17 20:26:50

Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have sought government support in addressing RMG sector's challenges. Leaders of BGMEA headed by President Faruque Hassan...

Kazakhstan's bitcoin 'paradise' may be losing its lustre

Kazakhstan's bitcoin 'paradise' may be losing its lustre

-- 2022-01-17 17:18:34

Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears...

Unilever signals pursuit of GSK consumer arm, causing share fall

Unilever signals pursuit of GSK consumer arm, causing share fall

-- 2022-01-17 16:33:36

Unilever signalled on Monday it would pursue a deal for GlaxoSmithKline's consumer healthcare business, calling it a "strong strategic fit" after its 50-billion-pound ($68.4 billion) offer was rebuffe...

Credit Suisse mastermind Horta-Osorio resigns over Covid-19 breaches

Credit Suisse mastermind Horta-Osorio resigns over Covid-19 breaches

-- 2022-01-17 16:26:21

Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of Covid-19 rules, raising questions over the embattled lender’s ne...

Singapore cbank issues guidelines to discourage crypto trading

Singapore cbank issues guidelines to discourage crypto trading

-- 2022-01-17 16:15:48

The Monetary Authority of Singapore (MAS) has issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield reta...

Bill placed in parliament to boost Parjatan Corporation capital

Bill placed in parliament to boost Parjatan Corporation capital

-- 2022-01-17 13:53:49

A bill has been tabled in Parliament to increase the authorised and paid-up capital of Bangladesh Parjatan Corporation by amending the 1972 Act, bdnews24.com reports. State Minister for Civil Aviatio...

Bangladesh-Thai JTC meet postponed due to Covid-19

Bangladesh-Thai JTC meet postponed due to Covid-19

FE REPORT 2022-01-17 09:51:12

The sixth Joint Trade Commission (JTC) meeting between Bangladesh and Thailand, which was scheduled to be held in Dhaka late this month, has been postponed due to the rising trend in coronavirus infec...

Bangladesh Krishi Bank seeks deposits from state entities

Bangladesh Krishi Bank seeks deposits from state entities

FE REPORT 2022-01-17 09:49:23

The state-run Bangladesh Krishi Bank (BKB) has sought deposits from ministries, divisions and state agencies to meet the growing demand of agriculture loans across the country. BKB Managing Directo...

Bangladesh apparel exports to China drop

Bangladesh apparel exports to China drop

MONIRA MUNNI 2022-01-17 09:45:50

Bangladesh's readymade garment (RMG) exports to China have dropped during last couple of years as some 53 items still face duty barrier, industry-insiders say, further affecting lopsided balance of tr...

Bangladesh losing trade competitiveness amid rising real effective exchange rate

Bangladesh losing trade competitiveness amid rising real effective exchange rate

JASIM UDDIN HAROON 2022-01-17 09:40:51

Real effective exchange rate (REER) of Bangladesh's currency against a basket of currencies of global trading partners soared to its highest peak in many years, weakening country's competitive edge....

10 Minute School raises $2.0m seed funding from Indian company

10 Minute School raises $2.0m seed funding from Indian company

FE ONLINE REPORT 2022-01-16 18:09:38

Local education technology startup ‘10 Minute School’ has recently raised $2.0 million of seed funding from Sequoia Capital, India. With the fund, the startup plans to invest in produc...

Teletalk, Summit Towers ink tower-sharing agreement

Teletalk, Summit Towers ink tower-sharing agreement

FE ONLINE DESK 2022-01-16 11:43:14

Summit Towers Limited (STL) has signed an agreement with Teletalk Bangladesh under the tower sharing guideline of the government. The signing took place at the head office of the mobile phone network...

GlaxoSmithKline rejects 50-billion-pound offer from Unilever for consumer assets

GlaxoSmithKline rejects 50-billion-pound offer from Unilever for consumer assets

-- 2022-01-16 09:46:23

GlaxoSmithKline on Saturday said it had rejected a 50-billion-pound offer from Unilever for its consumer goods arm, saying it "fundamentally undervalued" the business and its future prospects and that...

Iranian company keen to set up stone plant in Bangladesh

Iranian company keen to set up stone plant in Bangladesh

FE REPORT 2022-01-16 09:24:11

An Iranian business group has shown interest in establishing a stone production plant in Bangladesh under a joint venture initiative. Nikfar group of Iran wants to set up the plant with the Banglades...

Ceramics sector sees highest price appreciation

Ceramics sector sees highest price appreciation

FE REPORT 2022-01-16 09:22:44

The ceramics sector saw the highest price appreciation during the last week’s trading at Dhaka Stock Exchange (DSE). Following the price appreciation, the sector witnessed 15.10 per cent capita...

CVO Petrochemical Refinery signs deal to procure oil tanker

CVO Petrochemical Refinery signs deal to procure oil tanker

OUR CORRESPONDENT 2022-01-16 09:20:14

CHATTOGRAM: The CVO Petrochemical Refinery Limited is procuring an oil tanker to carry naptha and oil from the concerned companies of Bangladesh Petroleum Corporation (BPC). The CVO Petrochemical Ref...

Unilever says it wants to buy GSK's consumer goods arm

Unilever says it wants to buy GSK's consumer goods arm

-- 2022-01-15 22:19:02

Consumer goods giant Unilever said it had approached GlaxoSmithKline about buying the pharmaceutical group's consumer goods arm after a newspaper reported that a 50 billion-pound ($68.4 billion) bid i...