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The Financial Express

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Poor assistance, policy support mount climate vulnerabilities

Poor assistance, policy support mount climate vulnerabilities

SAJIBUR RAHMAN, BACK FROM SATKHIRA 2023-02-26 08:27:21

A good number of climate victims are currently suffering from economic and health vulnerabilities as they received little financial assistance and inadequate policy support from the government to face...

Foreign aid flow into BD falling headlong

Foreign aid flow into BD falling headlong

FHM HUMAYAN KABIR 2023-02-26 08:16:30

Foreign-aid flow into Bangladesh is ebbing down drastically in recent months as the country received 62-percent less assistance confirmation in July-January period, officials said Saturday and aired d...

Argentina in talks with IMF to ease reserves targets

Argentina in talks with IMF to ease reserves targets

-- 2023-02-25 18:53:27

Argentina's government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country's $44 billion programme, two sources close to t...

Artificial Intelligence: The modern day electricity that'll transform everything

Artificial Intelligence: The modern day electricity that'll transform everything

Bashiir Ahammed 2023-02-25 18:21:03

In the 1999 film 'The Matrix,' Neo, the protagonist, talks about Artificial Intelligence in a scene. Many people learned the term 'Artificial intelligence' from that groundbreaking film. But they forg...

World Bank promises 'concessionality' in debt restructuring

World Bank promises 'concessionality' in debt restructuring

FE ONLINE DESK 2023-02-25 14:28:14

The World Bank will "provide as much concessionality to the debt treatment" for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and o...

Pakistan will unwillingly accept strict conditions of IMF deal: PM Sharif

Pakistan will unwillingly accept strict conditions of IMF deal: PM Sharif

FE ONLINE DESK 2023-02-25 10:11:54

Pakistan has to unwillingly accept the strict conditions of a deal with the International Monetary Fund (IMF) to provide a lifeline for an economy in turmoil, Prime Minister Shehbaz Sharif said on...

Current BD budget deficit widens

Current BD budget deficit widens

JASIM UDDIN HAROON 2023-02-25 08:38:48

Bangladesh sees widening budget deficit, amounting to Tk 71.53 billion during the July-November period in an over 62-percent increase year on year, amid lower revenue collection, official statistics s...

Top EU bodies ban TikTok on staff phones for cybersecurity reasons

Top EU bodies ban TikTok on staff phones for cybersecurity reasons

-- 2023-02-24 21:36:13

The European Union's two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its u...

ISA to support Bangladesh in solar energy

ISA to support Bangladesh in solar energy

-- 2023-02-24 21:05:54

The International Solar Alliance (ISA) will provide technical support to Bangladesh to pull in financing for the renewable energy sector. "We'll help Bangladesh find a right policy to introduce a rig...

Netflix making preparations to open Vietnam office

Netflix making preparations to open Vietnam office

-- 2023-02-24 18:33:19

US streaming giant Netflix Inc is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matt...

Ukraine war’s impact on global trade not as bad as expected: WTO

Ukraine war’s impact on global trade not as bad as expected: WTO

-- 2023-02-24 18:19:50

Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war, as badly-affected countries managed to switch suppliers or products, the World Trade Organization...

Canada wants to assist BD in developing food storage

Canada wants to assist BD in developing food storage

-- 2023-02-24 17:42:02

Canada is keen to collaborate with Bangladesh in the agriculture sector particularly in the development of food storage and small-scale farmers. Canadian Minister of International Development Harji...

Ukraine imposes 50-year sanctions on Russian financial sector

Ukraine imposes 50-year sanctions on Russian financial sector

FE ONLINE DESK 2023-02-24 14:26:59

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises...

BD has resilience to geo-economic shocks: DCCI

BD has resilience to geo-economic shocks: DCCI

FE REPORT 2023-02-24 08:41:21

The Dhaka Chamber of Commerce and Industry (DCCI) said on Thursday that Bangladesh economy is resilient enough to overcome the current geo-economic challenges. It made the observation at a seminar st...

Credit package for Bangladesh to cure financial faults

Credit package for Bangladesh to cure financial faults

SYFUL ISLAM 2023-02-24 08:24:16

Bangladesh's economic health will improve if the ongoing IMF loan programme is implemented properly, says an executive of the Fund that disapproves of blanket subsidies. Krishna Srinivasan, director...

US nominates former MasterCard chief Banga to head World Bank

US nominates former MasterCard chief Banga to head World Bank

-- 2023-02-23 23:02:20

US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank, lauding his experience forging public-private partnerships to address...

Sri Lankan officials asked to travel in economy class

Sri Lankan officials asked to travel in economy class

-- 2023-02-23 20:54:14

Sri Lankan officials have been required to purchase economy class air tickets for official travel abroad to ensure that government resources are utilised efficiently, the President's Media Unit (PMD)...

Some more US companies show interest to invest in Bangladesh, says Peter Hass

Some more US companies show interest to invest in Bangladesh, says Peter Hass

-- 2023-02-23 20:34:56

US Ambassador to Bangladesh Peter Hass on Thursday said some more companies from the USA have expressed keen interest to invest in Bangladesh. Peter Hass said this when he called on Bangladesh’...

Search engine war spices up with Microsoft Bing's AI rejuvenation

Search engine war spices up with Microsoft Bing's AI rejuvenation

Bashiir Ahammed 2023-02-23 16:47:52

Microsoft’s own search engine Bing is one that everyone heard of but hardly used regularly. But with some effective steps from Microsoft and the recent announcement of the artificial intelligenc...

Expatriates can send higher remittance sans declaration

Expatriates can send higher remittance sans declaration

FE REPORT 2023-02-23 08:50:31

Bangladeshis working abroad can now send home higher remittance sans declaration as the central bank raised the limit, under current government drives for recharging the country's receding foreign-e...

British businesses keen to invest in Bangladesh

British businesses keen to invest in Bangladesh

FE REPORT 2023-02-23 08:43:45

British businesses are interested to invest in the financial, aviation and education sectors of Bangladesh as the country offers an environment where good firms can do good business. British High Com...

Implementing IMF loan package: Prelude to pruning tax exemptions ensues

Implementing IMF loan package: Prelude to pruning tax exemptions ensues

DOULOT AKTER MALA 2023-02-23 08:35:54

An analysis of loss of revenues incurred in the incentives provided to industries is to begin soon to help prune the waiver facility prudently. The International Monetary Fund (IMF) and the Asian D...

Ukraine war expected to cost Germany $171 billion by year-end

Ukraine war expected to cost Germany $171 billion by year-end

-- 2023-02-22 20:06:48

The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4 per cent of its gross domestic output, in lost value creation by the end of the year, the head of t...

Spike in funding costs strains Bangladesh banks’ profitability: Moody’s

Spike in funding costs strains Bangladesh banks’ profitability: Moody’s

-- 2023-02-22 19:10:13

Spiking import costs, declines in remittance inflows, and high inflation have drained Bangladesh’s banking system of its liquidity, Moody’s Investors Service said in a report. The credit...

Why Google-ChatGPT comparisons are not right

Why Google-ChatGPT comparisons are not right

Safrina Kabir 2023-02-22 16:25:18

ChatGPT has created quite a buzz since its launch- an AI program, an advanced chatbot designed to answer any question from the information available on its database. This program is awe-inspiring due...

Can earthquakes be predicted?

Can earthquakes be predicted?

Rassiq Aziz Kabir  2023-02-22 12:49:18

Recently, the northern parts of Syria and the eastern parts of Turkey witnessed an earthquake, with unprecedented casualties for this decade.  As per the latest news, more than 46,000 people hav...

China expects sharp rebound in tourism this year

China expects sharp rebound in tourism this year

FE ONLINE DESK 2023-02-22 10:38:45

China expects its tourism market to flourish this year, starting with a busy and robust summer travel season as travellers flock to vacation destinations after the government ended its zero-Covid poli...

Electricity bill increase pushes crisis weary Sri Lankans to the brink

Electricity bill increase pushes crisis weary Sri Lankans to the brink

-- 2023-02-21 19:09:21

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66 per cent increase means he can't afford to pay for electricity but can't manage wit...

Russia says its economy contracted by 2.1pc in 2022

Russia says its economy contracted by 2.1pc in 2022

-- 2023-02-21 16:29:58

Russia's economy shrank last year by less than had been expected given its invasion of Ukraine, figures suggest. The economy contracted by 2.1 per cent, according to the country's statistics agency,...

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

FE ONLINE DESK 2023-02-21 10:32:47

Financial leaders of the Group of Seven (G7) will meet on February 23 to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan's Finance Minister Shunichi Suzuki s...