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The Financial Express

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Central banker rails against delinquent audit firms

Central banker rails against delinquent audit firms

FE REPORT 2021-01-17 09:07:47

A central bank deputy governor Saturday heavily criticised the country's audit firms for not performing their due responsibility while auditing banks. "I haven't seen one single instance where an aud...

Taxmen to access international databases to detect transfer pricing by MNCs

Taxmen to access international databases to detect transfer pricing by MNCs

DOULOT AKTER MALA 2021-01-17 08:54:03

The tax authority has moved to access international databases to detect transfer of royalties, interest and other sources of income by the multinational companies (MNCs) officials said. They said the...

Poultry sector suffers as pandemic pushes up poverty

Poultry sector suffers as pandemic pushes up poverty

FHM HUMAYAN KABIR 2021-01-17 08:34:16

Bangladesh's poultry industry has been hit hard by the Covid-19 pandemic as it has already incurred a loss of Tk 70 billion, industry insiders said on Saturday. The industry has been struggling with...

WhatsApp to delay launch of update business features after privacy backlash

WhatsApp to delay launch of update business features after privacy backlash

-- 2021-01-16 21:25:47

Facebook Inc’s WhatsApp is delaying an update aimed at increasing business transactions on the platform after a storm of concern from users who feared that the messaging platform was watering do...

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Reuters 2021-01-16 19:35:21

Bangladesh will step up wheat purchases from Ukraine to make up for any shortfall in supplies from Russia which has announced plans to impose a higher export tax on the grain from March 1, a senior Dh...

Crown Cement organises family night event

Crown Cement organises family night event

-- 2021-01-16 18:28:54

MI Cement Factory Limited (Crown Cement) organised a two-day programme styled “Crown Family Night” for its top 50 channel partners and their families at BRAC CDM in Gazipur recently, accor...

Minimum monthly wages of RMG workers  should be increased: H&M

Minimum monthly wages of RMG workers  should be increased: H&M

FE Online Report 2021-01-16 17:14:06

The minimum monthly wages of the country’s readymade garment (RMG) workers is still the lowest which should be increased further, said a top official of H&M on Saturday. The Swedish retaile...

Amazon union election to start in February

Amazon union election to start in February

REUTERS 2021-01-16 11:29:44

Amazon.com Inc’s first US union election since 2014 is scheduled to begin with the mailing of ballots in early February and a vote count starting March 30, a US labour board official said in a f...

Berger Paints gets land at Bangabandhu Shilpa Nagar

Berger Paints gets land at Bangabandhu Shilpa Nagar

FE Report 2021-01-16 11:12:46

Paban Chowdhury, executive chairman of BEZA, hands over 30 acres of land to Rupali Chowdhury, managing director (MD) of the Berger Paints Bangladesh Limited, at a ceremony held at the Bangabandhu Sh...

Trump's China tech war backfires

Trump's China tech war backfires

REUTERS 2021-01-16 11:08:09

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key C...

Overseas jobseekers' database to be created for reducing middlemen

Overseas jobseekers' database to be created for reducing middlemen

Arafat Ara 2021-01-16 11:07:27

The government will create a comprehensive database of overseas jobseekers with a view to reducing interference of middlemen in the recruitment process, officials said. To this end, Bureau of Manpo...

UCB, Mercantile win plaudits for best Islamic banking practice

UCB, Mercantile win plaudits for best Islamic banking practice

FE REPORT 2021-01-16 09:31:20

Two Bangladeshi private banks have secured the second and third place in the best new Islamic banks for 2020, according to a Malaysian poll. The poll conducted by Islamic Finance News (IFN) of RED mo...

Edible oil, sugar get dearer

Edible oil, sugar get dearer

FE REPORT 2021-01-16 09:03:12

Edible oil and sugar became dearer last week increasing sufferings of the consumers, especially the commoners, who had already been hit hard by price hikes of other essentials. Prices of staple rice...

Buyers pay lower price for top 20 Bangladesh apparel items

Buyers pay lower price for top 20 Bangladesh apparel items

MONIRA MUNNI 2021-01-16 08:53:14

Prices of the top 20 local ready-made garment (RMG) items declined in 2020 due to a fall in global demand amid the Covid-19 pandemic, exporters said. The items comprising 12 major knitted and eight...

Bangladeshi exporters start feeling pinch of India's new customs rules

Bangladeshi exporters start feeling pinch of India's new customs rules

SYFUL ISLAM 2021-01-16 08:45:45

With the new customs rules becoming effective late last year, India has now started seeking different types of documents from the Bangladeshi exporters and authorities in the name of checking the co...

Malaysia 'impounds' PIA plane over $14m lease dispute

Malaysia 'impounds' PIA plane over $14m lease dispute

Reuters 2021-01-15 19:46:58

A Pakistan International Airlines plane has been held back by Malaysian authorities due to a British court case over the jet's lease, the airline said on Friday, adding it would pursue the matter thro...

Bangladesh suspends import of poultry, eggs to prevent bird flu

Bangladesh suspends import of poultry, eggs to prevent bird flu

-- 2021-01-15 18:33:01

Bangladesh has suspended import of animal, chicken, duck, egg or chicks from all countries after India reported an outbreak of bird flu. “We are being cautious to prevent the spread of the dise...

BRTA sees drop in traffic fines, cases in December

BRTA sees drop in traffic fines, cases in December

FE ONLINE REPORT 2021-01-15 13:17:03

Bangladesh Road Transport Authority (BRTA) witnessed a marginal fall in cases filed and fines realised for violating traffic rules in the month of December 2020 compared to that of November of the sam...

Trump admin exempts self-driving vehicles from some crash standards

Trump admin exempts self-driving vehicles from some crash standards

Reuters 2021-01-15 12:06:51

The outgoing Trump administration said on Thursday it was issuing new rules that would allow manufacturers of automated vehicles to bypass some crash standards required of conventional vehicles, which...

When to trade bitcoin -- the moment Saturn crosses Mercury?

When to trade bitcoin -- the moment Saturn crosses Mercury?

REUTERS 2021-01-15 11:21:56

Bitcoin seems so flighty, some might argue you may as well consult a crystal ball, read the runes or stare at the stars to divine the direction of the capricious cryptocurrency. Enter Maren Altman, b...

Ex-Nissan boss Ghosn hid scale of salary

Ex-Nissan boss Ghosn hid scale of salary

Reuters 2021-01-15 10:26:10

Carlos Ghosn concealed the scale of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese...

EU farmers could get cash to curb emissions from belching livestock

EU farmers could get cash to curb emissions from belching livestock

REUTERS 2021-01-15 10:22:17

Farmers should get European Union funding to reduce methane emissions from livestock or increase organic farmland, the European Commission said on Thursday, under plans to make agriculture greener. T...

Commerce ministry favours debt waiver for over 130 sick apparel units

Commerce ministry favours debt waiver for over 130 sick apparel units

FE REPORT 2021-01-15 08:47:55

The commerce ministry has endorsed the apparel makers' plea to exempt all bank liabilities of 133 sick readymade garment (RMG) factories in phases, people familiar with the development said. In a let...

Consumer group, operators debate over LPG pricing

Consumer group, operators debate over LPG pricing

FE REPORT 2021-01-15 08:38:17

The stakeholders concerned submitted on Thursday proposals suggesting varied prices at a meeting which was convened as part of an exercise to fix the price of liquefied petroleum gas (LPG) for the dom...

Google acquires Fitbit  for $2.1b

Google acquires Fitbit for $2.1b

Reuters 2021-01-14 20:58:28

Alphabet Inc’s Google has completed its $2.1 billion acquisition of wearable device maker Fitbit Inc, the companies said on Thursday. The deal had triggered concerns over Google’s market...

Auto-rickshaw registration witnessed fall last year

Auto-rickshaw registration witnessed fall last year

FE Online Report 2021-01-14 19:22:41

The number of auto-rickshaw registration in Bangladesh was nearly halved showing a drastic decline in 2020 compared to that of 2019. A total of 16,724 auto-rickshaws were registered in 2020 while it...

Nagad to disburse 75pc of social safety net allowances

Nagad to disburse 75pc of social safety net allowances

-- 2021-01-14 18:05:01

Prime Minister Sheikh Hasina has officially inaugurated the disbursement of 75 percent of the government’s allowances under various social safety net programmes through Nagad, the digital financ...

Walton TV records 10 times higher  export in 2020 amid pandemic

Walton TV records 10 times higher export in 2020 amid pandemic

-- 2021-01-14 17:45:31

Amid the worldwide economic stagnancy last year following coronavirus pandemic situation, Bangladeshi electronics giant Walton witnessed a remarkable success in exporting 10 times higher amounts of te...

Airline industry faces more turbulence before vaccine relief

Airline industry faces more turbulence before vaccine relief

-- 2021-01-14 17:10:40

For a year expected to mark a turning point for pandemic-stricken European airlines, 2021 is off to a rough start, reports Reuters. A resurgence of COVID-19 lockdowns has killed off a fragile booking...

Unilever gets vaccine partnership offers

Unilever gets vaccine partnership offers

-- 2021-01-14 11:35:47

Unilever is strongly encouraging employees to get vaccinated against the coronavirus as soon as possible and floated the idea that it could buy shots to share with people in poorer countries. “...