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Musk trolls Bezos after SpaceX wins moon landing contract

Musk trolls Bezos after SpaceX wins moon landing contract

REUTERS 2021-04-27 21:03:27

The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract. The two billiona...

China's digital yuan expands from consumer payments to business scenarios

China's digital yuan expands from consumer payments to business scenarios

Global Times 2021-04-27 15:36:00

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step...

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

-- 2021-04-27 11:14:57

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the s...

Banks can form start-up fund with 1.0pc of net profits

Banks can form start-up fund with 1.0pc of net profits

SIDDIQUE ISLAM 2021-04-27 09:32:43

The central bank has amended its policy allowing all banks to form their own start-up fund with 1.0 per cent of net profits instead of operating ones earlier, officials said. To provide start-up entr...

Prospect of hitting boro rice purchase target remains clouded

Prospect of hitting boro rice purchase target remains clouded

TALHA BIN HABIB AND YASIR WARDAD 2021-04-27 09:28:13

The government's target to procure 1.8-million tonnes of Boro rice this year may not be achieved as the millers find the prices offered unattractive. On Monday, food minister Shadhan Chandra Majumder...

Marginalised communities dealing with the COVID-19 fallouts

Marginalised communities dealing with the COVID-19 fallouts

Debapriya Bhattacharya, Towfiqul Islam Khan, Estiaque Bari, Fahim Subhan Chowdhury, Sarah Sabin Khan 2021-04-26 21:12:16

The impact of the pandemic continues to be visible in every aspect of human life. With the new wave of COVID-19, the marginalised communities are most at risk. A recent study titled "Marginal Communit...

Yields on treasury bills drop

Yields on treasury bills drop

SIDDIQUE ISLAM 2021-04-26 10:29:41

The yield on treasury bills (T-bills) dropped further on Sunday as the commercial banks having excess liquidity rushed to offer bids in the auction due to the ongoing lockdown, bankers said. The cut-...

12m families to get Tk 5.74b from government

12m families to get Tk 5.74b from government

FE REPORT 2021-04-26 10:28:45

A total of over 12 million families would be benefited from the government's financial allocation of over Tk 5.74 billion during the Covid-19 pandemic, said the State Minister for Disaster Management...

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

UNB 2021-04-25 21:35:07

Nikkei Asia, in its recent article, praised Bangladesh's growth describing how the economy has boomed and exports soared. The article also described how Bangladesh's economy has even exhibited resili...

Bangladeshi IT firm to launch virtual office platform

Bangladeshi IT firm to launch virtual office platform

ISMAIL HOSSAIN 2021-04-25 10:02:15

A Bangladeshi leading IT firm, Synesis IT, is introducing a ‘world class’ virtual office platform named Convay to accommodate as many as 1200 people at a time to meet the need of changing...

Facebook starts testing ads in Instagram Reels

Facebook starts testing ads in Instagram Reels

REUTERS 2021-04-24 11:33:57

Facebook Inc on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany and Australia, as the social media giant aims to make money from its short-form vi...

Musk's SpaceX rocketship launches 4 astronauts on NASA mission to space station

Musk's SpaceX rocketship launches 4 astronauts on NASA mission to space station

REUTERS 2021-04-24 11:22:54

NASA and Elon Musk’s commercial rocket company SpaceX launched a new four-astronaut team on a flight to the International Space Station on Friday, the first crew ever propelled into orbit by a r...

Pandemic hits hard Bangladesh's aquaculture sector: Study

Pandemic hits hard Bangladesh's aquaculture sector: Study

FE REPORT 2021-04-24 10:58:11

Despite having potentials, the aquaculture sector in Bangladesh has been affected badly in the wake of the pandemic mainly due to the increased cost of fish feed and sluggish demand, according to a st...

VAT net expansion likely in next budget

VAT net expansion likely in next budget

FE REPORT 2021-04-24 09:35:59

The National Board of Revenue (NBR) intends to expand the VAT (value-added tax) net instead of raising the VAT rate in the budget for the next fiscal year (FY), said its VAT (policy wing) member Md...

LIBOR phaseout may lead to interest-rate volatility

LIBOR phaseout may lead to interest-rate volatility

JASIM UDDIN HAROON 2021-04-24 09:18:35

The interest rate of the country's many foreign borrowings is likely to go up, as the London Interbank Offered Rate (LIBOR) will cease to be effective in the case of most currencies, including the U...

Global economy to stage vigorous recovery

Global economy to stage vigorous recovery

REUTERS 2021-04-23 10:50:58

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 econ...

High ambition, low capacity responsible for widening revenue shortfall

High ambition, low capacity responsible for widening revenue shortfall

Doulat Akter Mala 2021-04-23 09:31:48

The tax revenue target and the capacity of the National Board of Revenue (NBR) are ill-matched. That is one of the major reasons for the widening shortfall in revenue collection, Mr Farid Uddin, a f...

NASA extracts breathable oxygen from thin Martian air

NASA extracts breathable oxygen from thin Martian air

-- 2021-04-22 15:44:39

NASA has logged another extraterrestrial first on its latest mission to Mars: converting carbon dioxide from the Martian atmosphere into pure, breathable oxygen, the US space agency said on Wednesday,...

Covid time needs innovative budget: Enamul Haque

Covid time needs innovative budget: Enamul Haque

FE REPORT 2021-04-22 09:12:37

Revenue collection should not be the main goal of the government under the prevailing circumstances. Instead, it should think about how best it can save life and livelihood, Dr A. K. Enamul Haque, Pro...

The economic context of coastal salt farmers of Cox's Bazar

The economic context of coastal salt farmers of Cox's Bazar

Kazi Golam Tashfiq 2021-04-21 20:47:15

As the salt production season approaches its halfway this year, the clouds of frustration, sorrow, and fear of the coastal salt farmers of Cox's Bazar begin to be evident. Cox's Bazar district is the...

Chinese shoemaker brings jobs, better life to villagers in Gazipur

Chinese shoemaker brings jobs, better life to villagers in Gazipur

Global Times 2021-04-21 19:27:29

Thousands of households in the Gazipur district, on the outskirts of Dhaka, have become better off after a Chinese-invested shoemaking factory opened there in 2012. Panda Shoes Industries Ltd. has no...

‘Regional cooperation can bolster South Asia’s capabilities to fight pandemic’

‘Regional cooperation can bolster South Asia’s capabilities to fight pandemic’

FE Online Desk 2021-04-21 13:56:01

Analysts have identified the prevailing coronavirus pandemic as a turning point in world history, with ramifications for everything from climate change to the global balance of power, according to ICC...

Apple announces iMacs for work-from-home world

Apple announces iMacs for work-from-home world

Reuters 2021-04-21 09:34:06

Apple announced on Tuesday (US standard time) a range of new computers, a paid podcasting service and devices for finding lost items, signalling the continued expansion of its once-simple product...

NBR faces uphill battle in achieving VAT collection target

NBR faces uphill battle in achieving VAT collection target

UNB 2021-04-20 17:58:15

With just over 41 per cent VAT collection target met in the first seven months of this fiscal year, the National Board of Revenue (NBR) is mounting pressure on its field offices to boost the collectio...

Bangladesh sees 25m new poor, debt burden doubles during pandemic: Survey

Bangladesh sees 25m new poor, debt burden doubles during pandemic: Survey

FE Online Desk 2021-04-20 16:49:39

The army of the ‘new poor’, struggling to return to pre-Covid occupations and income levels, is in danger of being stuck in a poverty trap, says a joint survey released on Tuesday. It est...

China plans $3bn supercomputing centre

China plans $3bn supercomputing centre

REUTERS 2021-04-20 15:52:47

China's southern space port of Wenchang will build a $3 billion supercomputing centre by year-end to analyse data obtained from space, according to state media on Tuesday. With a planned investment o...

NASA's helicopter Ingenuity makes successful maiden flight on Mars

NASA's helicopter Ingenuity makes successful maiden flight on Mars

Reuters 2021-04-20 11:50:23

NASA scored a 21st-century Wright Brothers moment on Monday as it sent its miniature robot helicopter Ingenuity buzzing above the surface of Mars for nearly 40 seconds, marking the first powered contr...

Sectors that contribute most shouldn't be targetted: Zahid Hussain

Sectors that contribute most shouldn't be targetted: Zahid Hussain

Jasim Uddin Haroon 2021-04-20 09:22:42

Firefighting and recovery efforts on both health and economic fronts ought to be the central features of the budget for the next fiscal year (FY 2021-22), Dr Zahid Hussain, one of the country's leadin...

Cigarette, mobile, pharma sectors pay higher value added tax

Cigarette, mobile, pharma sectors pay higher value added tax

DOULOT AKTER MALA 2021-04-20 09:16:01

Three sectors - cigarette, pharmaceuticals and mobile phone - made an impressive contribution to the government's revenue collection efforts during the first three quarters of the current fiscal yea...

NASA's Mars helicopter makes history with successful flight on Red Planet

NASA's Mars helicopter makes history with successful flight on Red Planet

Reuters 2021-04-19 17:47:11

NASA's miniature robot helicopter Ingenuity performed a successful takeoff and landing on Mars early on Monday, achieving the first powered, controlled flight by an aircraft over the surface of anothe...