Search results for: EC

Bangladesh eyes $10b exports in leather goods in 2030

-- 2022-12-07 20:37:06

Commerce Minister Tipu Munshi has said the government eyes US$10 billion in exports of leather and leather goods in 2030. "Bangladesh's potential export product is leather. There is a lot of scope fo...

Planning minister hopeful of achieving cent percent ADP implementation rate

-- 2022-12-07 19:50:19

Planning Minister MA Mannan has expressed his optimism about achieving cent per cent implementation rate in the Annual Development Programme (ADP) of the current fiscal year (FY23) despite the impacts...

BB disburses Tk 40b as liquidity support to five Islami banks 

-- 2022-12-07 18:27:36

Bangladesh Bank has disbursed Tk 40.0 billion as liquidity support to five Islami banks to meet the ongoing liquidity crisis, sources in the central bank said.  Five Islami banks had earlier app...

UNESCO calls nomination for Bangabandhu international prize by Dec 10

-- 2022-12-07 18:21:47

UNESCO has made a second call asking to submit nominations for the 2023 NESCO-Bangladesh Bangabandhu Sheikh Mujibur Rahman International Prize for the Creative Economy by December 10, according to BSS...

Bangladesh Bank tightens rules for banks' car purchase

-- 2022-12-07 17:48:25

Bangladesh Bank (BB) has tightened the rules for banks' car purchases for avoiding high-value expenses and purchases of luxurious cars with a view to cutting operating expenses.  "Banks would be...

Sony says it has technology for humanoid robots

-- 2022-12-07 17:38:05

Japanese electronics and entertainment conglomerate Sony Group Corp said on Tuesday it has the technology to make humanoid robots quickly once it has identified how they could be effectively used. "I...

India asks Google to stop displaying online betting ads: Mint

REUTERS 2022-12-07 13:01:07

India has asked Google not to display surrogate ads of overseas betting companies, Mint newspaper reported on Wednesday, citing a person aware of the development in the ministry of information and bro...

Bangladesh seeks zero tariff on apparel exports to US at 6th TICFA meeting

FE ONLINE DESK 2022-12-07 13:00:08

Bangladesh has proposed zero tariff on finished apparel products — made with American cotton — being exported to the US. Bangladesh made the proposal at the 6th meeting of the US-Banglade...

Meta oversight board urges changes to VIP moderation system

FE ONLINE DESK 2022-12-07 11:00:03

Facebook parent Meta’s quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former US President Donald Trump, from some or all of it...

Russia, mired in war, faces economic pain and attempts to isolate it

FE ONLINE DESK 2022-12-07 09:43:46

Russia's invasion of Ukraine plunged Europe into its biggest land war since World War Two, igniting a conflict that has killed thousands, displaced millions, pulverised Ukrai...

Monetary policy twice a year, says BB governor 

-- 2022-12-06 21:05:09

Bangladesh Bank (BB) has again decided to formulate monetary policy twice a year as per the advice of the International Monetary Fund (IMF).  The central bank in a meeting with economists on Mon...

Bangladesh signs $200m loan deal with ADB to strengthen microfinance

-- 2022-12-06 17:00:53

The government of Bangladesh and the Asian Development Bank (ADB) on Tuesday signed an agreement for $200 million in loans to strengthen microfinance in Bangladesh. The deal would also support microe...

NASA's Orion capsule makes its closest approach to moon

-- 2022-12-06 14:41:42

The uncrewed Orion capsule of NASA's Artemis I mission sailed within 80 miles (130 km) of the lunar surface on Monday, achieving the closest approach to the moon for a spacecraft built to carry humans...

World Bank sees India's growth at 6.9pc this year

REUTERS 2022-12-06 14:11:28

India's economy is expected to grow 6.9 per cent in the current fiscal year, the World Bank said on Tuesday, adding that it is well positioned to tackle global headwinds. Asia fourth-largest economy...

Bangladesh now a most ideal place for investment: PM

FE ONLINE DESK 2022-12-06 12:35:30

Prime Minister Sheikh Hasina today (Dec 6, 2022) called Bangladesh as the most ideal place for investment in the world, seeking larger foreign and local investment for mutual benefit. "Bangladesh...

PM opens operation of Japanese Economic Zone

FE ONLINE DESK 2022-12-06 12:33:35

Prime Minister Sheikh Hasina today (Dec 6, 2022) inaugurated the operation of the Japanese Economic Zone in Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj district on th...

Chinese hackers stole millions worth of US COVID relief money, Secret Service says

REUTERS 2022-12-06 12:07:43

Chinese hackers have stolen tens of millions of dollars worth of US COVID relief benefits since 2020, the Secret Service said on Monday. The Secret Service declined to provide any additional details...

Facebook owner Meta may remove news from platform

-- 2022-12-06 10:36:02

Facebook parent Meta Platforms on Monday threatened to remove news from its platform if the US Congress passes a proposal aimed at making it easier for news organizations to negotiate collectivel...

Inflation falls to 8.85pc in November

-- 2022-12-05 16:20:28

Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month. Food inflation fe...

Apple and Amazon resume advertising on Twitter

-- 2022-12-05 14:43:48

Amazon.com and Apple are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising...

Japanese billionaire to make ‘big announcement’ on space after Musk meeting

REUTERS 2022-12-05 14:04:21

Japanese billionaire Yusaku Maezawa tweeted on Monday that he plans to make a "big announcement" related to space after a meeting with SpaceX owner Elon Musk. Yusaku Maezawa, founder of online fashio...

Chinese astronauts return to earth after 'successful' six-month mission

REUTERS 2022-12-05 12:15:50

Three Chinese astronauts landed back on earth on Sunday on board the re-entry capsule of the Shenzhou-14 spacecraft, state broadcaster CCTV reported, bringing to an end a six-month mission on China's...

UK economy to shrink in 2023, risks 'lost decade': CBI

REUTERS 2022-12-05 10:02:47

Britain's economy is on course to shrink 0.4 per cent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Bu...

New Zealand plans law to require Facebook, Google to pay for news

REUTERS 2022-12-05 09:11:03

The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc's Google and Meta Platforms Inc to pay New Zealand media companies for the l...

PM to open special economic zone in N'gnaj tomorrow

FE Report 2022-12-05 08:56:47

Prime Minister Sheikh Hasina is scheduled to inaugurate Bangladesh Special Economic Zone (BSEZ) tomorrow (Tuesday). The BSEZ, when fully operational, is expected to draw investment worth $1.5 billi...

BB mulls injecting more funds into farming sector

JASIM UDDIN HAROON AND JUBAIR HASAN 2022-12-05 08:52:56

Bangladesh Bank (BB) is planning to inject more funds into the farming sector through banking channels from the next calendar year for strengthening the country's food security amid warnings of a poss...

Govt posts July budget surplus

JASIM UDDIN HAROON 2022-12-05 08:51:08

Bangladesh reports a budget surplus in the month starting the current fiscal year, finance ministry shows in revenue-collection and spending data, which relieves feelings on bigger annual shortfall....

Bangladesh's RMG export to US rises 51pc

-- 2022-12-04 20:33:44

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year....

Chinese Company to invest $40m in BEPZA Economic Zone 

-- 2022-12-04 17:25:48

Chinese company Fenix Garment Limited will set up a high-end garments manufacturing industry in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) with an investment of around...

Distant black hole is caught in the act of annihilating a star

-- 2022-12-04 16:27:09

Astronomers have detected an act of extreme violence more than halfway across the known universe as a black hole shreds a star that wandered too close to this celestial savage. But this was no ordinar...