Loading...
The Financial Express

Search results for: EC

Inflation drops to 5.02pc in January

Inflation drops to 5.02pc in January

UNB 2021-02-03 20:37:40

The rate of inflation declined to 5.02 per cent in January from 5.29 per cent in the previous month (December). “The general point-to-point inflation rate eased to 5.02 per cent in January 2021...

COVID-19 vaccination delay could cost EU economy 90b euros: Study

COVID-19 vaccination delay could cost EU economy 90b euros: Study

Reuters 2021-02-03 18:45:01

The European Union faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed on Wedn...

ECNEC approves Tk 43.47b project to develop Bangabandhu industrial city

ECNEC approves Tk 43.47b project to develop Bangabandhu industrial city

-- 2021-02-03 16:44:50

The Executive Committee of the National Economic Council (ECNEC) today approved a Tk 43.47 billion project to develop the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as a state-of-the-art and intern...

Facebook bans page linked to Myanmar military TV

Facebook bans page linked to Myanmar military TV

Reuters 2021-02-03 11:07:02

Facebook said on Tuesday it had removed a page linked to Myanmar’s military-owned TV network after a coup this week by the country’s military leaders. UN human rights investigators previo...

Goods export growth slows in July-Jan

Goods export growth slows in July-Jan

FE REPORT 2021-02-03 10:03:06

Bangladesh earned $22.67 billion through goods exports in the first seven months of this fiscal, reflecting 1.09 per cent negative growth over the same period of last fiscal. It fetched $22.91 billio...

Bubble in market apprehended as Tk 100b legalised in six months

Bubble in market apprehended as Tk 100b legalised in six months

FE Report 2021-02-03 09:59:24

The opportunity to whiten black money might help a section of political leaders in election financing, but, as far as the economy is concerned, it could prove to be counterproductive, economists and b...

Central bank revises credit growth targets for second half

Central bank revises credit growth targets for second half

FE REPORT 2021-02-03 09:56:05

Bangladesh Bank (BB) has projected the government's borrowing at 31.7 per cent in the revised the monetary policy programmes for the second half (H2) of the current fiscal year (FY). The growth in...

Special tax benefits discourage honest taxpayers, Rehman Sobhan says

Special tax benefits discourage honest taxpayers, Rehman Sobhan says

-- 2021-02-02 21:39:45

Chairman of Centre for Policy Dialogue (CPD) Professor Rehman Sobhan has said the provision of whiten black money will discourage honest taxpayers. He also suggested the National Board of Revenue (NB...

Wikipedia launches new rules to fight site abuses

Wikipedia launches new rules to fight site abuses

Reuters 2021-02-02 19:45:12

The foundation that operates Wikipedia will launch its first global code of conduct on Tuesday, seeking to address criticism that it has failed to combat harassment and suffers from a lack of diversit...

South Korean's AI technology brings back folk singer's voice

South Korean's AI technology brings back folk singer's voice

Reuters 2021-02-02 13:42:57

Even though South Korean folk rock singer Kim Kwang-seok has been dead for nearly 25 years, his fans will be able to hear him perform a new song cover on Friday thanks to artificial intelligence (AI)...

Myanmar coup to dampen US trade, impact footwear companies

Myanmar coup to dampen US trade, impact footwear companies

Reuters 2021-02-02 12:08:10

The coup in Myanmar is expected to dampen the interest of US and Western companies in investing in Myanmar, and may prompt some big US companies to pull out, trade experts and analysts said on Monday....

India's proposal for reducing transit fees turned down

India's proposal for reducing transit fees turned down

FE REPORT 2021-02-02 11:03:06

The Road Transport and Highways Division (RTHD) has rejected a proposal put forward by India to reduce road transit fees as the rate fixed earlier is lower than the actual one. Sources said the rate...

US economy set for faster 2021 rebound

US economy set for faster 2021 rebound

REUTERS 2021-02-02 10:19:06

The US economy will grow 4.6 per cent in 2021 after contracting 3.5 per cent in 2020, the Congressional Budget Office said on Monday in a rosier forecast that could strengthen Republican resistance to...

US economy set for faster 2021 rebound

US economy set for faster 2021 rebound

REUTERS 2021-02-02 10:19:06

The US economy will grow 4.6 per cent in 2021 after contracting 3.5 per cent in 2020, the Congressional Budget Office said on Monday in a rosier forecast that could strengthen Republican resistance to...

Half-yearly net sales of savings instruments cross fiscal year target

Half-yearly net sales of savings instruments cross fiscal year target

FE REPORT 2021-02-02 09:48:31

Net sales of the state-run savings instruments in the first half surpassed the target set for entire fiscal year (FY) 2020-21, according to official statistics. According to the Department of Natio...

34.95pc remittance growth recorded in seven months of FY21

34.95pc remittance growth recorded in seven months of FY21

-- 2021-02-01 22:40:44

Bangladesh recorded a 34.95 per cent growth of remittance in seven months of the fiscal year 2020-21 (FY21) compared to the same period of the last fiscal year. The country received $1.96 billion in...

Microsoft talks Bing with Australia PM as Google plans exit from the country

Microsoft talks Bing with Australia PM as Google plans exit from the country

Reuters 2021-02-01 11:20:13

Software giant Microsoft Corp is confident its search product Bing can fill the gap in Australia if Google pulls its search over required payments to media outlets, Prime Minister Scott Morrison said...

Expansionary monetary policy to continue in January-June period

Expansionary monetary policy to continue in January-June period

SIDDIQUE ISLAM 2021-02-01 08:47:06

The central bank has decided to stick to the expansionary monetary policy during the second half (H2) of this fiscal year (FY) with some adjustments, taking into account the money market and the overa...

Central bank lifts loan moratorium

Central bank lifts loan moratorium

FE REPORT 2021-02-01 08:35:45

The central bank on Sunday withdrew the general waiver of loan moratorium facility. The Bangladesh Bank offered a deferral loan classification facility from January 2020 to December 2020, considering...

ICCB describes Padma Bridge as great achievement for Bangladesh

ICCB describes Padma Bridge as great achievement for Bangladesh

FE ONLINE DESK 2021-01-31 15:48:06

The International Chamber of Commerce-Bangladesh (ICCB) has described implementaiton of Padma Bridge project as the great achievement for Bangladesh. The ICCB also extended its gratitude towards Prim...

Argentina seeks $44b IMF deal to repay debt

Argentina seeks $44b IMF deal to repay debt

Reuters 2021-01-31 10:58:25

Argentina’s Economy Minister Martin Guzman is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt, the Wall Street Journal reported on Saturday, citing hi...

Revenue board waives VAT on amount telecom regulator gains from operators

Revenue board waives VAT on amount telecom regulator gains from operators

FE REPORT 2021-01-31 10:47:13

The National Board of Revenue (NBR) has offered VAT exemption to the telecom operators on the amount that they pay to the regulator as revenue-sharing under the licencing provision. The mobile phone...

Planning minister for raising social safety-net budget

Planning minister for raising social safety-net budget

FE REPORT 2021-01-31 09:10:15

Planning minister MA Mannan has laid emphasis on enhancing budget for social safety-net programmes as many people have fallen below the poverty line due to Covid-19 pandemic. Replying to discussants...

Banks crank up farm credit in six months

Banks crank up farm credit in six months

SIDDIQUE ISLAM 2021-01-31 08:52:51

Farm credit disbursement grew by nearly 12 per cent in the first-half of the current fiscal year, driven by seasonal demand for such loans, officials say. Banks released agricultural credit worth Tk...

EU hearing of Amazon, Apple, Facebook, Google pushed back by 2 months

EU hearing of Amazon, Apple, Facebook, Google pushed back by 2 months

-- 2021-01-30 13:09:50

EU lawmakers, who are gearing up to curb the power of US tech giants, have told Amazon, Apple, Facebook and Alphabet that they are willing to push back a proposed Feb. 1 hearing by two months. The Eu...

Washington ready to engage on WTO reform

Washington ready to engage on WTO reform

Reuters 2021-01-30 11:41:49

The United States is committed to “positive, constructive and active engagement” with all members of the World Trade Organization on reforming the body and is actively considering who to c...

China's lending to Bangladesh surges

China's lending to Bangladesh surges

FHM HUMAYAN KABIR 2021-01-30 09:02:26

China has emerged as one of the leading bilateral development partners of Bangladesh as it disbursed US$460.41 million loans in the first half of the current fiscal year, insiders said on Friday. The...

India seeks Bangladesh presence to probe customs anomalies

India seeks Bangladesh presence to probe customs anomalies

SYFUL ISLAM 2021-01-30 08:50:14

The Indian officials are now seeking permission for physical presence in Bangladesh for investigating any customs-related offences, officials say. They are also seeking information about the assessme...

Govt plans to develop another software technology park in Dhaka

Govt plans to develop another software technology park in Dhaka

-- 2021-01-29 18:59:08

State Minister for ICT Zunaid Ahmed Palak has said the government plans to develop a second software technology park in Dhaka to create skilled IT professionals. The announcement came at the opening...

Sustainable fund assets hit record $1.7tn in 2020

Sustainable fund assets hit record $1.7tn in 2020

-- 2021-01-29 12:24:20

Demand to invest in funds which focus on environmental, social and governance (ESG) issues jumped in 2020, driving assets under management up 29 per cent in the fourth quarter to nearly $1.7 trillion,...