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The Financial Express

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Tax shortfall: Lower import of 10 major items, exemptions blamed

Tax shortfall: Lower import of 10 major items, exemptions blamed

DOULOT AKTER MALA 2019-11-24 10:24:25

Revenue officials have delved into why tax shortfall has hit Tk 149.06 billion during the first quarter of the current fiscal year, missing the target. In a written paper, both customs and VAT wing e...

Foreign debt payment shoots up in first quarter

Foreign debt payment shoots up in first quarter

JASIM UDDIN HAROON and REZAUL KARIM 2019-11-24 09:53:04

The country's external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed...

Fear of math can outweigh promise of higher rewards: Study

Fear of math can outweigh promise of higher rewards: Study

Xinhua 2019-11-23 18:29:41

A study from the University of Chicago (UChicago) offers evidence for the link between math anxiety and avoidance, as well as possible paths toward breaking that connection. Studying nearly 500 adult...

Croatia to hire over 78,000 foreign workers in 2020

Croatia to hire over 78,000 foreign workers in 2020

-- 2019-11-23 12:45:45

The Croatian government has set an annual quota of 78,470 permits for hiring foreign workers in 2020. The government unveiled the quota after a regular meeting on Friday, reports Xinhua. A total of...

Australia gives $300m loan to PNG for budget support

Australia gives $300m loan to PNG for budget support

-- 2019-11-23 11:49:50

Australia on Saturday said it would provide a loan of $300 million as direct budget assistance for the Pacific island of Papua New Guinea (PNG) and aid its economic reforms and government financing....

Sonadia Island's 'virginity' at risk

Sonadia Island's 'virginity' at risk

ABDUL MONAYEM KHAN 2019-11-23 10:38:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local peo...

Tapping tourism potential crucial to BD economy

Tapping tourism potential crucial to BD economy

SAIF UDDIN 2019-11-23 10:31:52

Despite enormous potential of tourism in Bangladesh, the sector is facing different challenges like inadequate infrastructure, high cost of doing business and lack of branding, according to a study....

Pilot project on Vannamei culture gets govt nod

Pilot project on Vannamei culture gets govt nod

-- 2019-11-23 10:15:24

The crisis-hit shrimp industry, which has seen a gradual fall in exports over the last five years, is now looking for a breakthrough by introducing a new variety called vannamei or white shrimp. Th...

Budget deficit hits 11-yr high in FY ‘19

Budget deficit hits 11-yr high in FY ‘19

JASIM UDDIN HAROON 2019-11-23 09:54:15

The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fi...

Putin vows to perfect mystery rocket after engine blast

Putin vows to perfect mystery rocket after engine blast

BBC 2019-11-22 16:55:12

Russian President Vladimir Putin has promised to press on with the development of a nuclear-powered rocket believed to have been at the centre of a deadly accident. Five engineers and two others died...

Fed official sees biggest risk to US economy from tariffs

Fed official sees biggest risk to US economy from tariffs

-- 2019-11-22 12:46:13

The biggest risk to the overall US economy remains tariffs and trade as businesses have cut back on investment, a US Federal Reserve official has said. "Right now, overall, my base case scenario is c...

BB waives PKB from keeping 13pc SLR

BB waives PKB from keeping 13pc SLR

FE REPORT 2019-11-22 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

Online transactions hampered by new credit card rule

-- 2019-11-21 18:33:40

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

China reduces greenhouse gas emissions in rice production

China reduces greenhouse gas emissions in rice production

Xinhua 2019-11-21 16:35:32

The greenhouse gas emissions from China's rice fields have been reduced by 70 per cent over the past five decades, according to a recent Chinese study. China's rice agriculture, a primary source of g...

ADB introduces new loan pricing for higher income countries

ADB introduces new loan pricing for higher income countries

-- 2019-11-21 13:55:37

The ADB has introduced a new loan pricing for its developing member countries and economies with higher income sub-groups paying higher maturity premiums for longer term loans. The Asian Development...

Google to restrict political ads

Google to restrict political ads

-- 2019-11-21 10:45:22

Alphabet Inc’s Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post...

Remittance incentives: Conversion of local currency allowed

Remittance incentives: Conversion of local currency allowed

FE Report 2019-11-21 10:44:31

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

China 'not stepping up' in trade talks, Trump says

China 'not stepping up' in trade talks, Trump says

Reuters 2019-11-21 10:42:31

US President Donald Trump said on Wednesday he has not made a trade deal with China yet because Beijing is not “stepping up” in negotiations. “I don’t think they’re step...

CPD warns of debt-servicing trouble

CPD warns of debt-servicing trouble

FE REPORT 2019-11-21 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BD among top four countries in digital economy growth

BSS 2019-11-20 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

NASA searches for life under ice in Antarctica

NASA searches for life under ice in Antarctica

Xinhua 2019-11-20 17:39:26

NASA is testing an underwater robotic explorer in Antarctica this month to look for life under the ice, according to a release of NASA's Jet Propulsion Laboratory (JPL) on Monday. Developed by engine...

Kamal seeks more Turkish investment

Kamal seeks more Turkish investment

-- 2019-11-20 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...

Rise in issuance of T-bonds, bills pushes up yield curves

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON 2019-11-20 10:34:50

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...

NBR gets Tk 3.57b tax on sixth day of fair

NBR gets Tk 3.57b tax on sixth day of fair

FE Report 2019-11-20 10:31:25

The National Board of Revenue (NBR) collected Tk 3.57 billion in tax on Tuesday, the sixth day of the countrywide Income Tax Fair (ITF) 2019, according to a statement. The revenue authority bagged...

BB cuts interest rates on EDF loans to boost exports

BB cuts interest rates on EDF loans to boost exports

FE Report 2019-11-20 10:25:13

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) scheme by 1.0 percentage point to facilitate exporters. As per the revised policy, exporters will now ge...

'Facebook rival' has now more than 160,000 members

'Facebook rival' has now more than 160,000 members

BBC 2019-11-19 19:57:36

The founder of Wikipedia, Jimmy Wales, says his new social network, WT:Social, now has more than 160,000 members. The platform says it will never sell user data and relies on "the generosity of indiv...

BB increases home loan limit to Tk 20m

BB increases home loan limit to Tk 20m

-- 2019-11-19 19:35:37

The Bangladesh Bank has increased the maximum limit for home loans to Tk 20 million from Tk 12 million due to rising apartment prices and the purchasing capacity of people. The central bank on Tuesda...

BB slashes interest rate on exporters’ borrowing from EDF

BB slashes interest rate on exporters’ borrowing from EDF

-- 2019-11-19 18:04:39

The central bank has slashed the interest rate on loans from its Export Development Fund (EDF) by 1.0 percentage point to boost exports. From now, the EDF interest rate would be the six-month dollar...

Scientists discover giant karst sinkhole cluster in China

Scientists discover giant karst sinkhole cluster in China

Xinhua 2019-11-19 16:50:50

A team of multinational scientists said they have discovered a giant cluster of karst sinkholes in south China's Guangxi Zhuang Autonomous Region. The sinkhole cluster, which consists of 19 karst sin...

Water vapour detected on Jupiter's moon

Water vapour detected on Jupiter's moon

-- 2019-11-19 16:44:36

NASA scientists have confirmed, for the first time, the existence of water above the surface of Europa, one of Jupiter's 79 moons. The study published on Monday in the journal Nature Astronomy show...