Loading...
The Financial Express

Search results for: EC

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

FHM HUMAYAN KABIR 2022-11-30 08:58:03

Despite austerity measures amid economic turmoil, the Roads and Highways Department (RHD) has proposed to build a bridge in Barishal by spending higher funds for its land acquisition than the cost for...

Private sector credit growth rate falling, yet stays above policy target

Private sector credit growth rate falling, yet stays above policy target

JUBAIR HASAN 2022-11-30 08:53:36

Private-sector credit growth fell for the second consecutive month in October amid the central bank's measures to contain inflation and face foreign-currency shortage on the local money market, offici...

Bangladesh urges developed nations to double adaptation finance by 2025

Bangladesh urges developed nations to double adaptation finance by 2025

FE ONLINE REPORT 2022-11-29 20:04:05

Bangladesh urged the developed countries to double adaptation financing to developing countries by 2025. It also requested to establish a financing mechanism to avoid, reduce and address 'loss and...

BB okays MFS providers to bring remittance directly

BB okays MFS providers to bring remittance directly

-- 2022-11-29 18:39:12

Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow. The foreign exchange policy department of Bangladesh Bank issu...

Finland keen to support smart city, smart port solutions in Bangladesh

Finland keen to support smart city, smart port solutions in Bangladesh

-- 2022-11-29 17:29:22

Finland, as a development partner of Bangladesh, is keen to support energy, smart city and smart port solutions in Bangladesh. The interest was shown at a seminar titled ‘Finland's Smart Infr...

Elon Musk: Apple threatened to yank Twitter from App Store

Elon Musk: Apple threatened to yank Twitter from App Store

FE ONLINE DESK 2022-11-29 09:51:20

Elon Musk accused Apple Inc of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on t...

Pakistan, IMF begin talks on $7bn loan review

Pakistan, IMF begin talks on $7bn loan review

FE ONLINE DESK 2022-11-29 09:46:03

Pakistan and the International Monetary Fund have begun talks online on a ninth review of a $7 billion loan programme, the Finance Ministry said on Monday, aft...

Region sees partial recovery from Covid impacts

Region sees partial recovery from Covid impacts

FE Report 2022-11-29 08:57:52

Asia-Pacific labour markets have recorded a partial rebound from the impacts of COVID-19, yet full recovery in the region remains elusive with conditions expected to remain difficult into 2023. Accor...

Bangladesh's economic growth to slow to 6.5pc

Bangladesh's economic growth to slow to 6.5pc

JASIM UDDIN HAROON 2022-11-29 08:44:03

Bangladesh's real GDP growth may taper down to 6.5 per cent in financial year (FY) 2022-23 from 7.2 per cent in the previous fiscal, Fitch Solutions says in view of numerous decelerators. Its forecas...

Foreign firms, JVs in EZs get permission to take loans in taka

Foreign firms, JVs in EZs get permission to take loans in taka

-- 2022-11-28 20:13:31

Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations...

No liquidity crisis in banks: BAB

No liquidity crisis in banks: BAB

-- 2022-11-28 17:05:16

Bangladesh Association of Banks (BAB), an organisation of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present. In a stateme...

Did you know QWERTY Keyboard was invented to slow down your typing?

Did you know QWERTY Keyboard was invented to slow down your typing?

Safrina Kabir 2022-11-28 16:59:54

QWERTY keyboard was invented long ago, in the latter part of the 1800s. It was introduced in the time of typewriters. As of today, the QWERTY keyboard is not a very efficient keyboard to work with.&nb...

Govt's budget spending growth slows in FY 22

Govt's budget spending growth slows in FY 22

JASIM UDDIN HAROON 2022-11-28 08:45:12

The government's budget outlay spending growth slowed tremendously in the last fiscal year (FY), 2021-22, mainly due to various austerity measures and Covid-related reduced demand, leading to narrowin...

Government implementing some conditions to get IMF loan of $4.5b

Government implementing some conditions to get IMF loan of $4.5b

-- 2022-11-27 20:13:38

The government has started implementing some of the conditions set by the International Monetary Fund (IMF) in the financial and energy sectors ahead of the global lender's board meeting to discuss Ba...

Offer incentive, tax benefit package for expats, speakers urge govt at FBCCI's meeting

Offer incentive, tax benefit package for expats, speakers urge govt at FBCCI's meeting

FE REPORT 2022-11-27 08:52:19

Speakers at a programme on Saturday urged the government to announce a proper incentive and tax benefit package for skilled expatriate Bangladeshis so that they can return to the country with investme...

Income tax receipts not in tandem with rising TINs

Income tax receipts not in tandem with rising TINs

FE Report 2022-11-27 08:42:02

The growth in income tax collection has not been consistent with the rise in the number of TIN (taxpayers' identification number) holders, raising concerns among the experts at a seminar on Saturday....

Foreign aid ebbs when forex needed much

Foreign aid ebbs when forex needed much

FHM Humayan Kabir 2022-11-26 08:49:04

Foreign-aid flow into Bangladesh ebbs down amid slow development-project execution over the months following domestic belt-tightening and global doldrums, say analysts, when forex is much needed for t...

Bank lending rate being uncapped

Bank lending rate being uncapped

JUBAIR HASAN 2022-11-26 08:46:31

Borrowers should brace for costlier funds as lending-rate caps are being phased out to give a much-coveted profitability raise to bankers who lament inflationary pressure on their earnings, sources...

Bangladesh poised to become trillion-dollar economy by 2040: US firm

Bangladesh poised to become trillion-dollar economy by 2040: US firm

-- 2022-11-25 19:10:49

Bangladesh is on course to emerge as a $1.0 trillion economy by 2040 at an average growth rate of 5.0 per cent, powered by a surge in middle and affluent consumers, an American consulting firm said in...

Twitter to launch gold, grey checks alongside blue verified mark

Twitter to launch gold, grey checks alongside blue verified mark

-- 2022-11-25 15:40:31

Twitter will roll out verified gold and grey check marks as it relaunches the coveted blue check service next Friday, Chief Executive Officer Elon Musk said in a tweet, after holding off the rollout e...

Turkey in final stage talks for up to $10b funding from Qatar

Turkey in final stage talks for up to $10b funding from Qatar

-- 2022-11-25 15:24:41

Turkey and Qatar are in the final stages of talks for Doha to provide up to $10 billion in funding for Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and one...

Elon Musk says Twitter to provide 'amnesty' to some suspended accounts starting next week

Elon Musk says Twitter to provide 'amnesty' to some suspended accounts starting next week

REUTERS 2022-11-25 11:48:17

Elon Musk said on Thursday that Twitter will provide a "general amnesty" to suspended accounts starting next week after running a poll on whether to do so for users who had not broken the law or engag...

Ghana plans to buy oil with gold instead of US dollars

Ghana plans to buy oil with gold instead of US dollars

-- 2022-11-25 11:23:19

Ghana's government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle d...

Bangladesh to get 1-1.5m tonnes LNG annually from Brunei

Bangladesh to get 1-1.5m tonnes LNG annually from Brunei

-- 2022-11-24 18:54:26

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said Bangladesh is going to get 1-1.5 million tonnes of liquefied natural gas (LNG) from Brunei starting in early 2023.  H...

Bangladesh call for expanding Intra-IORA trade

Bangladesh call for expanding Intra-IORA trade

FE ONLINE REPORT  2022-11-24 18:20:06

Bangladesh on Thursday called upon all members of IORA to gear up efforts to expand intra-country trade by removing trade barriers.  Despite the potential for trade and investment, even aft...

Europe names world's first disabled astronaut

Europe names world's first disabled astronaut

-- 2022-11-24 17:21:50

The European Space Agency on Wednesday named the first ever "parastronaut" in a major step towards allowing people with physical disabilities to work and live in space. The 22-nation agency said it h...

Sri Lankan central bank threatens measures over high market interest rates

Sri Lankan central bank threatens measures over high market interest rates

-- 2022-11-24 11:29:48

Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook. Any such action, interpre...

Forex reserves fall again

Forex reserves fall again

FE REPORT 2022-11-24 09:16:48

The foreign-currency reserves fell again in recent days, after a slight rise, due mainly to increased demand for the US dollar for meeting import-payment obligations, officials said. It stood at US$3...

Online income tax returns submission crosses 0.10m

Online income tax returns submission crosses 0.10m

-- 2022-11-23 21:54:46

The submission of income tax returns through electronic method or online on Wednesday crossed the milestone of 0.10 million, thanks to the huge interest created among the valued taxpayers on such meth...

BD urges for funding, equitable trade to ensure SDG implementation

BD urges for funding, equitable trade to ensure SDG implementation

FE ONLINE REPORT  2022-11-23 17:29:16

Bangladesh urged the world community to address the issue of funding for the successful implementation of the Sustainable Development Goals (SDG).  “Arranging necessary financing for infra...