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The Financial Express

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Matarbari port: JICA suggests examining the seismic resistance

Matarbari port: JICA suggests examining the seismic resistance

Syful Islam 2018-07-05 10:38:58

The Japan International Cooperation Agency (JICA) has suggested examining the seismic resistance of the proposed deep-sea port in Matarbari as Bangladesh is vulnerable to earthquakes. The JICA submit...

Govt recruits 60 engineers to speed up remediation of RMG units

Govt recruits 60 engineers to speed up remediation of RMG units

Monira Munni 2018-07-05 10:35:39

The government has recruited 60 engineers to expedite the post-inspection remediation work in the readymade garment factories (RMGs), officials said. The newly appointed engineers would work for the...

Migrants' welfare fund to hold 95pc stake in PKB

Migrants' welfare fund to hold 95pc stake in PKB

Arafat Ara 2018-07-05 10:15:53

The finance ministry has given its opinion in favour of allowing the migrants' welfare fund to hold a 95 per cent stake in the Probashi Kallyan Bank (PKB), sources said. To this effect, the ministry...

NBR to devise sustainable fiscal policies from next year

NBR to devise sustainable fiscal policies from next year

FE Report 2018-07-05 10:12:36

The National Board of Revenue (NBR) will consider formulating sustainable fiscal policies from next year for facilitating investors to prepare their investment plan, said the NBR chairman on Wednesday...

Will not fire first  shot in trade war with US: China

Will not fire first shot in trade war with US: China

-- 2018-07-05 10:01:28

China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A person with know...

Apparel exports top $30 billion in FY'18

Apparel exports top $30 billion in FY'18

FE Report 2018-07-05 09:51:02

The country's exports income recorded a moderate growth of 5.81 per cent to US$ 36.66 billion in the just-concluded fiscal year (FY) of 2017-18, the government said on Wednesday. Exporters and offici...

Dhaka Bank to embrace massive digitisation

Dhaka Bank to embrace massive digitisation

Mehdi Musharraf Bhuiyan 2018-07-05 00:44:31

Dhaka Bank Limited is looking for massive digitisation of its banking procedures in the coming months, the top executive of the leading private commercial bank (PCB) said this week. The second genera...

Dhaka Steel Works reopens after 24 years

Dhaka Steel Works reopens after 24 years

-- 2018-07-04 20:26:15

Dhaka Steel Works Limited, a national steel mill, is going to be reopened on Thursday after 24 years of shut down. Industries Minister Amir Hossain Amu is scheduled to reopen it formally in Gazipur d...

Trade war: China hours ahead in implementing tariffs on US goods

Trade war: China hours ahead in implementing tariffs on US goods

-- 2018-07-04 15:06:33

China’s threatened tariffs on $34 billion of US goods will take effect from the beginning of the day on July 6, Reuters reported citing sources, amid worsening trade tensions between the world&r...

FBCCI for improving rural infra to gear up dev activities

FBCCI for improving rural infra to gear up dev activities

FE Online Desk 2018-07-04 13:18:30

The apex trade body has emphasised on development of rural infrastructure to keep pace with the fast growing development activities of the country. The body, the Federation of Bangladesh Chambers o...

Fourth-round decision of APTA comes into effect

Fourth-round decision of APTA comes into effect

FE Report 2018-07-04 11:30:22

The APTA member countries' decision, taken in the fourth round of negotiations to widen the coverage of concession to 10,593 tariff lines, came into effect on Sunday last. Under the third round of ne...

About 40pc govt servants yet to get June’s salaries

About 40pc govt servants yet to get June’s salaries

Jubair Hasan 2018-07-04 11:21:54

A significant number of government officials and employees have not yet received their salaries for the month of June last because they made mistakes in submitting pay bills under a new classification...

NBFIs to cut lending rates to single-digit

NBFIs to cut lending rates to single-digit

FE Report 2018-07-04 10:18:55

The country's non-banking financial institutions (NBFIs) have agreed to lower the interest rates on lending to single-digit from the existing level shortly. The commitment was made at a meeting held...

Oil climbs on Libya force majeure, Canada outage

Oil climbs on Libya force majeure, Canada outage

-- 2018-07-03 21:47:44

Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted US crude to 3-1/2-year highs, reports Reuters. US light c...

Veon offers to acquire Banglalink

Veon offers to acquire Banglalink

-- 2018-07-03 21:11:45

Veon, a multinational telecommunication services company, has offered to acquire Global Telecom Holding’s assets in Banglalink, the third largest telecom operator in Bangladesh. The announcemen...

Payments firm Airwallex raises $80m in Series B funding

Payments firm Airwallex raises $80m in Series B funding

-- 2018-07-03 15:15:02

Australia-based international payments firm Airwallex has completed its Series B fundraising, adding $80 million in outside investment from return backers Tencent and Sequoia China, and other companie...

DHL eCommerce launches  same-day delivery in Thailand

DHL eCommerce launches same-day delivery in Thailand

FE Online Report 2018-07-03 15:03:26

DHL eCommerce, a division of Deutsche Post DHL Group, has announced the introduction of DHL Parcel Metro in Greater Bangkok. It made the announcement in a Media OutReach-forwarded statement on Monday...

DHL Supply Chain appoints new  CEO for its Japan Korea Cluster

DHL Supply Chain appoints new CEO for its Japan Korea Cluster

FE Online Desk 2018-07-03 14:41:26

DHL Supply Chain, the global market leader for contract logistics solutions, has named Alfred Goh as CEO of its Japan Korea Cluster. Based in Tokyo, Japan, he will report to Terry Ryan, CEO, DHL Sup...

Bridge Alliance wins Most  Innovative IoT Solution Award

Bridge Alliance wins Most Innovative IoT Solution Award

FE Online Desk 2018-07-03 14:36:22

Bridge Alliance's Regional IoT Connectivity Management has won the Most Innovative IoT Solution at the 2018 Asia Communication Awards (ACA). It made the announcement in a Media OutReach-forwarded sta...

StanChart wins another two awards

StanChart wins another two awards

FE Online Desk 2018-07-03 13:06:07

Standard Chartered Bangladesh has won two awards at the prestigious FinanceAsia 2018 Country Awards recently. At the ceremony, the Bank was recognised by FinanceAsia as the Best International Bank an...

RAKUB earns Tk 40380m profit in FY17-18

RAKUB earns Tk 40380m profit in FY17-18

-- 2018-07-03 12:41:50

Rajshahi Krishi Unnayan Bank (RAKUB) has earned Tk 403.80 million profit during the 2017-18 financial year (FY), up by Tk 270 million than the previous fiscal. The state-owned specialised bank had ma...

BIBM seminar on Islamic banking July 4

BIBM seminar on Islamic banking July 4

FE Online Desk 2018-07-03 12:37:59

Bangladesh Institute of Bank Management will hold a seminar on “Product Diversification of Islamic Banks: Prospects and Challenges ” at the BIBM Auditorium on July 04 at 10.00 a.m. Mr. Ab...

US says global oil capacity enough to  make up for Iran cutbacks

US says global oil capacity enough to make up for Iran cutbacks

-- 2018-07-03 12:30:10

The United States aims to reduce Tehran’s oil revenue to zero in an effort to force the Iranian leadership to change its behaviour in the region and believes there is enough spare global oil cap...

Bank Asia inks deal with Bangladesh SME Corp

Bank Asia inks deal with Bangladesh SME Corp

FE Online Desk 2018-07-03 12:30:09

Md. Arfan Ali, President & Managing Director of Bank Asia and  Hasan Imam, PhD, Chairman of Bangladesh SME Corporation Ltd have signed  an agreement at the bank’s head office, Dhak...

Citi holds airline treasury forum in Bangladesh

Citi holds airline treasury forum in Bangladesh

FE Online Desk 2018-07-03 12:22:06

Citink, N.A., Bangladesh recently hosted representatives from IATA (International Air Transport Association), executives from leading airlines, experts from the Bangladesh aviation industry and senior...

Apparel exports to Japan on rise

Apparel exports to Japan on rise

Monira Munni 2018-07-03 10:39:06

Bangladeshi apparel exports to Japan have been increasing over the years, thanks to entrepreneurs' relentless efforts to meet the buyers' quality requirements and the government's policy support, indu...

Container handling at Ctg port hits record high

Container handling at Ctg port hits record high

Pankaj Dastider 2018-07-03 10:23:50

The Chittagong Port handled over 2.8 million 20-foot containers in the last fiscal year, up 12.19 per cent over the previous year. The prime seaport handled a total of 2,808,554 TEUs (twenty-foot equ...

Trump makes veiled WTO threat over tariffs

Trump makes veiled WTO threat over tariffs

-- 2018-07-03 09:47:36

US President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Un...

Many railway stations still remain closed for lack of manpower

Many railway stations still remain closed for lack of manpower

Munima Sultana 2018-07-03 09:29:53

Bangladesh Railway (BR) is yet to reopen half of its closed stations even after more than two years due to a shortage of manpower and infrastructure. According to sources, the manpower crisis reached...

FBCCI wants early formation of banking reforms commission

FBCCI wants early formation of banking reforms commission

FE report 2018-07-03 01:03:24

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), country's apex trade body, on Monday welcomed the move to lower the lending rate to single digit by banks and called for stron...