Search results for: EC

Process underway to sign manpower export MoUs with Croatia, Serbia: Minister

-- 2022-12-19 17:34:55

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a process continues to sign memorandum of understanding (MoUs) with several European countries including Croatia and Se...

Taiwan investigates TikTok for suspected illegal operations

REUTERS 2022-12-19 14:07:02

Taiwan's government has opened a probe into Chinese-owned social media platform TikTok on suspicion of illegally operating a subsidiary on the island, though the company's owner denied the accusation....

Elon Musk launches poll asking if he should quit as Twitter CEO

REUTERS 2022-12-19 12:41:49

Twitter CEO Elon Musk launched a poll on the social media platform on Sunday asking users whether he should step down as head of the company, adding that he would abide by the poll results. As of 055...

Next budget size likely Tk 7.5t

FE REPORT 2022-12-19 08:38:16

With sights set on the upcoming general election, the government may target a larger annual budget for the next fiscal year as a coordination council on fiscal and monetary matters, and currency excha...

Loans won’t be considered ‘at risk of default’ if 50pc instalment paid by Dec: BB

-- 2022-12-18 18:25:41

Bangladesh Bank has allowed deferred payment, half of the instalment of the term loan (industrial loan) for the last quarter (October-December) of this year – to reduce classified loan volume....

Iran central bank governor blames protests for currency's fall

FE ONLINE DESK 2022-12-18 12:20:03

Iran's central bank governor on Saturday partly blamed recent anti-government unrest for the fall of the Iranian currency to record lows, while authorities detained a prominent actress who...

Export of services earning substantial forex

FHM Humayan Kabir 2022-12-18 08:59:24

Bangladesh's services sector sustains increased export earnings even during this global economic crisis as it posted 6.12-percent growth in the first quarter of the current fiscal, official data show,...

'China now largest FDI source of BD'

FE REPORT 2022-12-18 08:52:48

China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022. It has also ranked top in foreign investors...

Banking sector heading for 'deep trouble'

FE REPORT 2022-12-18 08:47:44

Economists at a meet Saturday said the banking sector was heading for 'deep trouble' while the economy facing problems, leaving commoners in woes amid living-cost escalation. The Centre for Policy...

Join as HR Officer at a Leading Edtech Startup

FE Online 2022-12-17 18:12:49

10 Minute School is the pioneer of the Ed-Tech industry in Bangladesh. We are teaching more than 2 million students every day through our website, app, and social media to accelerate their learning....

Ensure depositors’ trust and good governance in banks: Economists

-- 2022-12-17 17:32:14

Economists, during a discussion today, said the country’s banking sector is under threat due to lack of trust and good governance in banks.Influential groups are involved, which is alarming for...

Five Shariah-based banks under 'close watch' after reports of suspicious lending

-- 2022-12-17 10:02:16

Bangladesh Bank has launched fresh efforts to closely supervise five of the 10 Islamic banks in the country following allegations of irregularities in the disbursement of big loans, bdnews24.com repor...

Elon Musk's Twitter suspension of journalists draws global backlash

REUTERS 2022-12-17 08:57:13

Twitter's unprecedented suspension of at least five journalists over claims they revealed the real-time location of owner Elon Musk drew swift backlash from government officials, advocacy groups and j...

NASA launches satellite to map the world’s oceans, lakes, rivers

-- 2022-12-16 21:02:33

A US-French satellite that will map almost all of the world’s oceans, lakes and rivers rocketed into orbit Friday. The predawn launch aboard a SpaceX rocket from Vandenberg Space Force Base in...

Twitter bans several journalists who have been critical of Musk

-- 2022-12-16 11:02:34

Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of persona...

Sri Lanka's economy shrinks 11.8pc in Q3

-- 2022-12-15 18:20:58

Sri Lanka's economy shrank 11.8 per cent in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked b...

Living with a phone running on low storage 

Sofia Noor 2022-12-15 17:50:15

Living with a low-storage phone might cause inconvenience from time to time, but it is possible to deal with it. You can follow some handy hacks to solve the low storage problem. Sustainable alternat...

NASA to conduct first global water survey from space

-- 2022-12-15 17:02:55

NASA-led international satellite mission was set for blastoff from Southern California early on Thursday on a major Earth science project to conduct a comprehensive survey of the world's oceans, lakes...

Sri Lanka expects up to $8bn more in loans, asset restructuring

FE ONLINE DESK 2022-12-15 10:33:45

Sri Lanka is expecting as much as $5 billion in loans next year from multilateral agencies besides an IMF deal, while the government is aiming to raise up to $3 billion via restructuring of stat...

Govt tightens its spending further

FE REPORT 2022-12-15 08:48:22

In the wake of adverse global economic situation, the government has further cut its spending from the national budget for the current fiscal year (FY). The finance division in a notification issued...

Panic withdrawal, savings squeeze reduce banking liquidity

JUBAIR HASAN 2022-12-15 08:23:30

Liquidity situation of banks continues to be under stress as total liquid assets in Bangladesh's banking system declined 5.92 per cent in October compared to June 2022 position. According to the mont...

Global trade growth turns negative after record year: UNCTAD

-- 2022-12-14 22:11:43

The UN trade facilitation agency has said global trade is set to hit a record high of $32 trillion in 2022, but inflation has reversed some of the gains made in recent months. The global growth turne...

TCB to procure 27.5 million litres of soybean oil for OMS programme

-- 2022-12-14 19:07:55

State-owned Trading Corporation of Bangladesh (TCB) will procure 27.5 million litres of Soybean oil from local suppliers for its Open Market Sale (OMS) programme. Cabinet Committee on Government Purc...

E-commerce market size to reach Tk 1.5t by 2026

-- 2022-12-14 18:02:49

Speakers at a discussion have said that proper regulatory measures could help boost the e-commerce business in Bangladesh by creating a sustainable image of the sector already been wounded by some b...

UK inflation eases in Nov, remains close to 40-year high

-- 2022-12-14 16:58:23

UK inflation eased in November as gasoline and diesel prices rose more slowly than the previous month. The consumer price index rose 10.7 per cent in the 12 months through November, down from a 41-ye...

Bangladesh seeks Sweden's continued support to make LDC graduation smooth

-- 2022-12-14 16:43:54

State Minister for Foreign Affairs Md Shahriar Alam has said Bangladesh looks forward to Sweden's continued support to make the LDC graduation smooth and sustainable. He hoped that Bangladesh's onwar...

Govt aims to increase money supply to 16.5pc

-- 2022-12-14 16:12:02

The government has fixed a target to increase the money supply to 16.5 per cent from the existing 15.6 per cent in the next two fiscals. As per a government document, in 2022-23 fiscal, the rate of...

US lawmakers unveil bipartisan bid to ban China's TikTok

-- 2022-12-14 14:50:35

Republican Senator Marco Rubio on Tuesday announced bipartisan legislation to ban China's popular social media app TikTok, ratcheting up pressure on owner ByteDance Ltd amid US fears the app could be...

China's massive older chip tech buildup raises US concern

REUTERS 2022-12-14 13:31:13

China’s largest chip maker SMIC is ramping up production of a decade-old chip technology, key to many industries' supply chains, setting off alarm bells in the United States and prompting some l...

IMF not expected to approve Sri Lanka’s bailout before year-end

-- 2022-12-14 12:57:10

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka's $2.9 billion bailout before year-end, a key step required for the embattled country to receive fu...