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The Financial Express

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Bangladesh sees slump in FDI inflow as foreign investment falls worldwide

Bangladesh sees slump in FDI inflow as foreign investment falls worldwide

FE REPORT 2021-01-25 12:53:08

Global inflow of foreign direct investment (FDI) showed a steep fall of US$859 billion in 2020 from $1.5 trillion a year earlier as the fallout of Covid-19, says a UN report. The provisional estimate...

Bangladesh's poverty rate may now be 20-22pc: Minister Mannan

Bangladesh's poverty rate may now be 20-22pc: Minister Mannan

FE Report 2021-01-25 12:35:50

Disagreeing with a recent survey that showed upper poverty rate reaching 42 per cent in the country in December 2020, Planning Minister M A Mannan on Sunday said current poverty rate might be within 2...

Bridges Division to return 43pc of funds for failing to implement projects

Bridges Division to return 43pc of funds for failing to implement projects

FHM Humayan Kabir 2021-01-25 12:35:38

The Bridges Division, failing to implement projects in time, has proposed to surrender more than 43 per cent of its fund allocations in the development budget, officials said on Saturday. The divisio...

Poverty doubles to 42pc; 28.5pc Bangladeshis extremely poor: SANEM survey

Poverty doubles to 42pc; 28.5pc Bangladeshis extremely poor: SANEM survey

FE REPORT 2021-01-24 08:54:30

Upper poverty rate in Bangladesh almost doubled to 42 per cent in December 2020 from 21.6 per cent in 2018 for Covid-19, according to a latest household survey. Lower or extreme poverty rate also inc...

Corruption, judicial weaknesses inhibit private investment

Corruption, judicial weaknesses inhibit private investment

FE REPORT 2021-01-24 08:47:32

Despite the single-digit interest regime, the private sector investment has remained stagnant because of both corruption and some weakness of the country's judicial system, an economist says. "The go...

'Boeing fleet will be able to fly on 100pc biofuel by 2030'

'Boeing fleet will be able to fly on 100pc biofuel by 2030'

Reuters 2021-01-23 10:51:36

Boeing Co said on Friday (US standard time) it will begin delivering commercial aeroplanes capable of flying on 100 per cent biofuel by the end of the decade, calling reducing environmental damage fro...

Current account surplus exceeds $4.0b in Nov

Current account surplus exceeds $4.0b in Nov

FE REPORT 2021-01-23 09:54:32

The country's current account balance recorded a surplus for the fifth consecutive month, reaching US$ 4.1 billion in November 2020, as against a deficit of $1.4 billion recorded in the same period...

Google threatens to block search engine in Australia if forced to pay for news

Google threatens to block search engine in Australia if forced to pay for news

REUTERS 2021-01-22 15:49:37

Alphabet Inc’s Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook Inc to pay media companies for the...

Facebook hands Trump ban decision to oversight board

Facebook hands Trump ban decision to oversight board

Reuters 2021-01-22 12:49:45

Facebook on Thursday said it was referring its decision to indefinitely suspend the accounts of former US President Donald Trump to its independent oversight board. Trump will remain suspended while...

Export volume exceeds pre-Covid level

Export volume exceeds pre-Covid level

JASIM UDDIN HAROON 2021-01-22 08:29:07

The country's merchandise exports exceeded the pre-Covid-19 level in December, showing a rebound in shipment, despite sluggish import. Some 55,905 twenty-foot equivalent units were shipped in Decembe...

Indian parliamentary panel to question Facebook on WhatsApp's privacy policy

Indian parliamentary panel to question Facebook on WhatsApp's privacy policy

Reuters 2021-01-21 14:27:09

An Indian parliamentary panel on Thursday will question Facebook executives on concerns around WhatsApp’s privacy policy changes, a source said, days after the technology ministry asked the mess...

Twitter locks China's US embassy account over Xinjiang tweet

Twitter locks China's US embassy account over Xinjiang tweet

-- 2021-01-21 12:53:05

Twitter has locked the account of China’s US embassy for a tweet that defended China’s policies in the Xinjiang region, which the US social media platform said violated the firm’s po...

Marketing, sports data apps being used in fight against Covid-19

Marketing, sports data apps being used in fight against Covid-19

-- 2021-01-21 11:06:13

Devices designed for improving customer marketing and sports performance are now being used in the fight against Covid-19 as companies deploy their technologies to meet new needs during the pandemic....

Gene therapy developed to delay ageing

Gene therapy developed to delay ageing

Reuters 2021-01-21 10:37:09

Scientists in Beijing have developed a new gene therapy which can reverse some of the effects of ageing in mice and extend their lifespans, findings which may one day contribute to similar treatment f...

NBR clarifies rule to re-export fertilizer to Nepal

NBR clarifies rule to re-export fertilizer to Nepal

Doulot Akter Mala 2021-01-21 08:50:49

The National Board of Revenue's (NBR) Customs Wing has given permission to re-export fertiliser to Nepal after importing it from China, under entrepot trade, imposing a condition of 10 per cent local...

Liquidity glut on the banks could fuel inflation, central bank warns

Liquidity glut on the banks could fuel inflation, central bank warns

SIDDIQUE ISLAM 2021-01-21 08:14:19

The surplus liquidity in the banking system might fuel inflationary pressure in the country in the near future, the Bangladesh Bank (BB) has said in its just-published annual report for the fiscal y...

Chinese scientists develop gene therapy which could delay ageing

Chinese scientists develop gene therapy which could delay ageing

Reuters 2021-01-20 18:11:13

Scientists in Beijing have developed a new gene therapy which can reverse some of the effects of ageing in mice and extend their lifespans, findings which may one day contribute to similar treatment f...

Two African countries to take farmworkers from Bangladesh, informs minister

Two African countries to take farmworkers from Bangladesh, informs minister

FE ONLINE REPORT 2021-01-20 18:02:40

Bangladesh is in talks with several African countries to sending workers and Sudan and Kenya have already agreed to take Bangladeshi farmworkers, said Foreign Minister Dr AK Abdul Momen on Wednesday....

YouTube bans Trump for another week

YouTube bans Trump for another week

Reuters 2021-01-20 12:57:13

YouTube said on Tuesday it was extending a one-week ban on outgoing US President Donald Trump uploading videos or live-streaming to his channel for at least an additional seven days. Alphabet Inc&rsq...

Biden's Treasury nominee Yellen for big spending now, paying down debt later

Biden's Treasury nominee Yellen for big spending now, paying down debt later

-- 2021-01-20 10:10:46

Janet Yellen, US President-elect Joe Biden’s nominee for Treasury Secretary, urged lawmakers on Tuesday to “act big” on coronavirus relief spending, arguing that the economic benefit...

Bangladeshi women get lowest wage in Oman: Study

Bangladeshi women get lowest wage in Oman: Study

FE Report 2021-01-20 09:01:54

Bangladeshi women domestic workers receive the lowest wage in Oman, according to a study. It has showed that Filipino women call the highest rate of pay as elsewhere in the gulf region. The minimu...

Poor project execution prompts soul-searching

Poor project execution prompts soul-searching

FHM HUMAYAN KABIR 2021-01-20 08:45:24

The Planning Commission (PC) has taken a tough stance against the projects in the Barishal region that have made very poor progress, in terms of their execution. Planning Minister M.A. Mannan himse...

Govt appoints Ahmed Jamal as central bank director

Govt appoints Ahmed Jamal as central bank director

-- 2021-01-19 20:14:15

The government has appointed Bangladesh Bank (BB) deputy governor Ahmed Jamal as the director of the Board of Directors and the member of the executive committee of the bank for the next three years....

China's retrieved lunar samples weigh less than targeted

China's retrieved lunar samples weigh less than targeted

Reuters 2021-01-19 12:41:19

Lunar rocks retrieved by a historic Chinese mission to the moon weighed less than initially targeted, but China is still willing to study the samples with foreign scientists, the mission’s spoke...

Costs of mega projects escalate; RHD demands higher funds

Costs of mega projects escalate; RHD demands higher funds

FHM Humayan Kabir 2021-01-19 09:03:23

The Roads and Highways Department (RHD) has sought 10 per cent higher funds than its allocation to finance some mega projects ahead of the annual development programme (ADP) revision, officials said o...

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

SYFUL ISLAM 2021-01-19 08:59:14

Amid the skyrocketing prices of edible oils in the local market, a government body has suggested withdrawing value-added tax (VAT) to tame inflation. The Bangladesh Trade and Tariff Commission (BTTC)...

Decoding the debt sustainability

Decoding the debt sustainability

Dalia Hakura   2021-01-18 20:38:10

Countries incur debt by borrowing. Borrowing can enable countries to finance important development programs and projects-but, taken too far, the burden of debt repayment can overwhelm a country's fina...

Karnaphuli tunnel to be ready for vehicular movement by next year

Karnaphuli tunnel to be ready for vehicular movement by next year

-- 2021-01-18 20:13:25

The 3.32-kilometre long tunnel under the Karnaphuli River in Chattogram is expected to be ready for vehicular movements by 2022.  “The overall progress of Karnaphuli Tunnel has reached 62...

China economy ends pandemic-hit 2020 with growth beating forecasts

China economy ends pandemic-hit 2020 with growth beating forecasts

REUTERS 2021-01-18 12:59:42

China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-stricken 2020 in remarkably good shape and remained poised to expand further thi...

Branson's Virgin Orbit reaches space with mid-air rocket launch

Branson's Virgin Orbit reaches space with mid-air rocket launch

Reuters 2021-01-18 12:57:38

Billionaire Richard Branson’s Virgin Orbit reached space for the first time on Sunday with a successful test of its air-launched rocket, delivering ten NASA satellites to orbit and achieving a k...