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Britain's Rolls-Royce sticks to guidance for 2021

Britain's Rolls-Royce sticks to guidance for 2021

Reuters 2021-05-13 15:22:49

British engineering company Rolls-Royce stuck to its guidance to turn free cash flow positive at some point during the second half of 2021 as vaccinations kick in and travellers return to the skies....

Musk says Tesla will no longer accept bitcoin for car purchases

Musk says Tesla will no longer accept bitcoin for car purchases

Reuters 2021-05-13 09:06:54

Tesla will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company's position on the cry...

100pc factories under BGMEA to pay workers’ wages before Eid

100pc factories under BGMEA to pay workers’ wages before Eid

-- 2021-05-12 20:56:51

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has expressed his hope that 100 per cent factories under the association will pay workers’ salaries an...

MTBL launches Islamic banking  

MTBL launches Islamic banking  

-- 2021-05-12 18:33:54

The Islamic Banking Window of Mutual Trust Bank Limited (MTBL), MTB Yaqeen was officially inaugurated on Wednesday, says a media release. The launching programme was held at a virtual meeting in the...

Dekko Isho invests in Markopolo

Dekko Isho invests in Markopolo

-- 2021-05-12 17:57:58

Dekko ISHO Group, a diverse business conglomerate and market leader in various industries in Bangladesh, has invested in Markopolo.ai as an institutional investor in their pre-seed round, according to...

US removes Xiaomi from government blacklist

US removes Xiaomi from government blacklist

Reuters 2021-05-12 13:56:18

The US Department of Defense will remove China's Xiaomi Corp from a government blacklist, a court filing showed, clearing the way for any future American investment in the smartphone maker. The filin...

Another gloomy Eid in Covid pandemic for Bangladesh’s tourism sector

Another gloomy Eid in Covid pandemic for Bangladesh’s tourism sector

-- 2021-05-12 10:56:56

With the tourism hotspots shut amid a nationwide lockdown over a second wave of coronavirus infections, the sector is set to see yet another Eid pass by in despair. Around four million people, who ar...

Call money rate stable

Call money rate stable

SIDDIQUE ISLAM 2021-05-12 10:17:13

The inter-bank call money rate remained almost stable on Tuesday, as banks are flooded with excess liquidity amid poor credit demand from businesses - mainly due to the ongoing Covid-19 pandemic, ba...

Rules drafted to ensure release of perishable goods in 48 hours

Rules drafted to ensure release of perishable goods in 48 hours

DOULOT AKTER MALA 2021-05-12 10:06:09

The revenue board has drafted rules keeping a provision to ensure the release of perishable goods within 48 hours of submission of bill of entry or export completing all customs procedures. The custo...

Supply Chain Management will be big with Big Data!

Supply Chain Management will be big with Big Data!

Mahtab Ahmed Adib 2021-05-11 22:22:33

Big Data is used to describe datasets that are complex, large, and unable to be handled by traditional applications. So it is a term that describes large volumes of high velocity, complex, and vari...

Winrock, PRAN-RFL sign MoU to support human trafficking victims

Winrock, PRAN-RFL sign MoU to support human trafficking victims

FE ONLINE REPORT 2021-05-11 19:24:18

Winrock International and PRAN-RFL have signed a memorandum of understanding (MoU) on Tuesday to support the victims of human trafficking through a project namely Ashshash. Ms. Dipta Rakshit, team le...

Alice Labs raises $500,000 in seed funding

Alice Labs raises $500,000 in seed funding

FE Online Desk 2021-05-11 19:19:26

Alice Labs, an AI-driven multi-channel customer support platform for e-commerce and online businesses, on Tuesday, announced the completion of a US$500,000 seed round of financing. The round was led...

Trade through Burimari land port to remain suspended for six days

Trade through Burimari land port to remain suspended for six days

-- 2021-05-11 17:22:39

The export-import activities through Burimari land port in Lalmonirhat will remain suspended for six days from Wednesday on the occasion of Eid-ul-Fitr. Ruhul Amin Babul, president of the Burimari La...

Foxconn iPhone India output drops 50pc amid Covid surge: Sources

Foxconn iPhone India output drops 50pc amid Covid surge: Sources

-- 2021-05-11 14:52:05

Production of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50 per cent because workers infected with COVID-19 have had to leave their posts, two sources told Reuters. Th...

HSBC Bangladesh rolls out digital payments solution for apparel sector

HSBC Bangladesh rolls out digital payments solution for apparel sector

FE Online Desk 2021-05-11 14:32:18

The Hongkong and Shanghai Banking Corporation Limited and Babylon Group have signed an agreement recently to migrate the apparel manufacturer’s payments onto the bank’s online banking plat...

Test run of metro rail likely this month

Test run of metro rail likely this month

MUNIMA SULTANA 2021-05-11 10:55:43

The country's first metro rail is expected to start its test run from Uttara depot site to Pallabi end this month. Kawasaki-Mitsubishi, the Japanese contractor for the rolling stock of the mass rapid...

Inland container depots need to be doubled for making business easy: CPA

Inland container depots need to be doubled for making business easy: CPA

DOULOT AKTER MALA 2021-05-11 10:30:34

The Chittagong Port Authority (CPA) has recommended doubling the number of private inland container depots (ICDs) to facilitate the delivery of imported goods from the off-docks and make doing busines...

Static Boro rice production may pose food security risk for Bangladesh

Static Boro rice production may pose food security risk for Bangladesh

YASIR WARDAD 2021-05-11 09:16:41

Boro production has remained almost static for the past three consecutive seasons, raising concern over the future food security of Bangladesh. Experts opined that monopoly cultivation of some select...

Beximco 360 Ltd working on Evaly's Media Strategy

Beximco 360 Ltd working on Evaly's Media Strategy

FE Online Desk 2021-05-10 20:07:43

Beximco 360 Ltd. is working on all kinds of media strategy and buying for Evaly.com.bd, the country's leading e-commerce marketplaces. The company handles services on all facets of Evaly's advertising...

Bapex initiates test gas supply from two wells in a week

Bapex initiates test gas supply from two wells in a week

FE ONLINE REPORT 2021-05-10 19:13:21

State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) initiated test natural gas production of around 11 million cubic feet per day (mmcfd) gas from Srikail-East 1 well in Cumi...

Speakers for imposing tax on tobacco products

Speakers for imposing tax on tobacco products

FE Online Report 2021-05-10 16:27:07

Speakers at a webinar Sunday demanded specific imposition of tax on all tobacco products to make it unaffordable for the sake of public health. They made the demand at a webinar titled “The nec...

'Beijing-Dhaka ties will be substantially damaged if Bangladesh joins Quad'

'Beijing-Dhaka ties will be substantially damaged if Bangladesh joins Quad'

FE Online Report 2021-05-10 14:45:14

China-Bangladesh bilateral ties will be ‘substantially damaged’ if Bangladesh decides to join the US led security alliance Quadrilateral Security Dialogue (Quad) in any form, said Chinese...

200,000 more farmers to get incentives worth Tk 2.92b

200,000 more farmers to get incentives worth Tk 2.92b

FE REPORT 2021-05-10 11:59:39

The government will provide incentives worth Tk 2.92 billion to 0.2 million more farmers of fisheries and livestock sector to help them offset their financial losses caused by the coronavirus pandem...

Road authorities may witness cascading effect of a changed decision

Road authorities may witness cascading effect of a changed decision

MUNIMA SULTANA 2021-05-10 11:48:11

The authorities concerned will have to review the feasibility study and detailed design of more than 80 per cent of the country's highways due to a recent decision to change service lane design. The...

Airlines operators demand reduction in charges to boost sector

Airlines operators demand reduction in charges to boost sector

FE REPORT 2021-05-10 11:47:58

Airlines operators on Saturday once again urged the Civil Aviation Authority of Bangladesh (CAAB) to reduce aeronautical, non-aeronautical charges alongside solving other issues for the healthy growth...

Interest rate spread widens slightly

Interest rate spread widens slightly

SIDDIQUE ISLAM 2021-05-10 11:37:43

The interest rate spread widened slightly in March last as the banks cut their deposit rates deeper than that of the lending ones, bankers have said. The weighted average spread between the lending a...

Multiple VAT registration becomes a bane of manufacturers

Multiple VAT registration becomes a bane of manufacturers

Doulot Akter Mala 2021-05-10 11:31:44

Most of the manufacturing industries, despite maintaining financial statements centrally, are unable to obtain central VAT registration due to a 'faulty' piece of legislation, businesses alleged. L...

Angels Network completes its pre-seed investment into Strides

Angels Network completes its pre-seed investment into Strides

-- 2021-05-09 22:15:08

Bangladesh Angels, the leading angel investment network in the country, closed another pre seed investment in Strides Co, a fashion e-commerce company selling premium contemporary clothing and wardrob...

Jashim Uddin elected president of FBCCI

Jashim Uddin elected president of FBCCI

-- 2021-05-09 19:39:32

Jashim Uddin, a vice-president of Bengal Group, has been elected unopposed the president of apex body of traders in Bangladesh for the 2021-23 term, reports bdnews24.com. All the vice-presidents and...

Savrina Arifin joins IPDC as head of retail business

Savrina Arifin joins IPDC as head of retail business

-- 2021-05-09 16:30:47

IPDC Finance Limited, a leading financial institution in the country, has appointed Savrina Arifin as its head of retail business recently. Ms Arifin was previously serving as the acting head of reta...