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The Financial Express

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India’s cheap data to get more expensive

India’s cheap data to get more expensive

-- 2019-11-19 14:04:16

Indian consumers, who enjoy the cheapest mobile data rates in the world, will now have to pay more, as two telecoms companies announced that they would increase tariffs. This comes after the two - Vo...

FRB NY to give BB technical support

FRB NY to give BB technical support

SIDDIQUE ISLAM 2019-11-19 10:39:53

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks. A four-member delegation, led b...

Non-life insurers must invest 7.5pc of assets in govt securities

Non-life insurers must invest 7.5pc of assets in govt securities

Doulot Akter Mala 2019-11-19 10:21:01

The government has made it mandatory for non-life insurance companies to invest at least 7.5 per cent of their assets in government securities. The government securities include short-term and long-t...

NBR collects Tk 3.11b on fifth day of income tax fair

NBR collects Tk 3.11b on fifth day of income tax fair

BSS 2019-11-18 19:52:22

The National Board of Revenue (NBR) has collected Taka 3.11 billion on Tuesday, the fifth day of the weeklong income tax fair. On the day, a total of 1,06,200 people submitted their income tax return...

China's civil aviation industry posts robust growth

China's civil aviation industry posts robust growth

Xinhua 2019-11-18 16:56:37

China's civil aviation sector reported steady expansion as well as continuous high safety standards in the first 10 months of this year, official data showed. The total transport turnover of the indu...

PM seeks larger UAE investment in Bangladesh

PM seeks larger UAE investment in Bangladesh

-- 2019-11-18 11:43:21

Prime Minister Sheikh Hasina on Sunday sought both public and private investment from the UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Banglades...

'Real-time' audit by CAG can help check fiscal anomalies

'Real-time' audit by CAG can help check fiscal anomalies

FE REPORT 2019-11-18 09:49:14

Collaboration among accountability organisations, including Comptroller and Auditor General (CAG), Anti-Corruption Commission (ACC), parliamentary committees and civil society organisations, can ensur...

Untimely rains delay India's rural economy recovery

Untimely rains delay India's rural economy recovery

-- 2019-11-17 11:11:39

Heavy rains in October and November have brought more misery to India’s farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the we...

NASA's rover to hunt for microscopic fossils on Mars

NASA's rover to hunt for microscopic fossils on Mars

Xinhua 2019-11-16 17:15:02

NASA scientists have discovered a potential place for its Mars 2020 rover to look for signs of ancient life in Jezero Crater where the rover will land in February of 2021. The study published Tuesday...

US import, export prices decrease in Oct

US import, export prices decrease in Oct

-- 2019-11-16 15:37:13

US import and export prices decreased in October, the US Department of Labor has reported. The price index for US imports fell 0.5 per cent in October, after rising 0.1 per cent in September and decl...

Indian tax officials find Modi's targets too taxing, some quit

Indian tax officials find Modi's targets too taxing, some quit

-- 2019-11-16 15:03:04

Prime Minister Narendra Modi’s government wants them to collect 17  per cent more in direct taxes this year as New Delhi seeks to shore up revenues amid a sharp economic slowdown. The targe...

Global debt to top record $255 trillion by year's end

Global debt to top record $255 trillion by year's end

-- 2019-11-16 13:27:46

Global debt is on course to end 2019 at a record high of more than $255 trillion, the Institute of International Finance estimated on Friday — nearly $32,500 for each of the 7.7 billion people o...

BSEC to build power tiller assembly plant in Bogura

BSEC to build power tiller assembly plant in Bogura

JUBAIR HASAN 2019-11-16 10:32:29

The government plans to build a power tiller assembly-cum-manufacturing plant in the country at an initial cost of around Tk 5.0 billion. The object behind building the plant is to further facilitate...

BB steps up forex support to banks

BB steps up forex support to banks

SIDDIQUE ISLAM 2019-11-16 09:56:59

The central bank has scaled up its foreign currency support to the commercial banks to help settle their import payment obligations, particularly for oil, officials said. The Bangladesh Bank, or BB,...

Sri Lanka Prosperity Index improves record high

Sri Lanka Prosperity Index improves record high

-- 2019-11-15 15:39:22

Sri Lanka's Prosperity Index (PI) saw a 42 per cent rise from 2017 to 2018, local media reports quoting the Central Bank of Sri Lanka (CBSL) said on Friday. The country’s PI grew from 0.548 in...

Govt adopts new strategy to curb money laundering

Govt adopts new strategy to curb money laundering

REZAUL KARIM 2019-11-15 10:42:27

The government has adopted a new strategy to combat trade-based money laundering and illicit financial outflow from the country with the incorporation of a few stringent provisions into it, officials...

Kamal vows to cut tax rates using all matrixes

Kamal vows to cut tax rates using all matrixes

FE REPORT 2019-11-15 10:19:10

Finance Minister A H M Mustafa Kamal has promised to reduce tax rates using all economic matrixes. The government will assess as to what extent it can reduce the tax rates by keeping tax collection c...

Top 20 defaulters: BB asks state banks to ramp up recovery

Top 20 defaulters: BB asks state banks to ramp up recovery

SIDDIQUE ISLAM 2019-11-15 09:59:49

The central bank has asked four state-owned commercial banks, or SoCBs, to gear up the recovery drive, keeping in mind top 20 defaulters. The instruction was given at a meeting held at the Banglade...

China unveils experiment for landing on Mars

China unveils experiment for landing on Mars

Xinhua 2019-11-14 16:29:13

China on Thursday unveiled an experiment simulating the process of a probe hovering, avoiding obstacles and descending to land on Mars. The experiment was held on a trial ground, the largest one in A...

China economy grinds lower as Oct indicators miss forecasts

China economy grinds lower as Oct indicators miss forecasts

-- 2019-11-14 12:23:55

China’s factory output growth slowed significantly more than expected in October, as weakness in global and domestic demand and the drawn-out Sino-US trade war weighed on broad segments of the w...

Jobs at risk as China’s services sector feels heat of trade war

Jobs at risk as China’s services sector feels heat of trade war

-- 2019-11-14 12:05:18

Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40 per cent year-on-year, and export orders have also fallen at a similarly dizzying rate. The firm’s...

Facebook removes 3.2b fake accounts

Facebook removes 3.2b fake accounts

-- 2019-11-14 11:36:44

Facebook Inc removed 3.2 billion fake accounts between April and September this year, along with millions of posts depicting child abuse and suicide, according to its latest content moderation report...

Apple slammed for riot ‘support’

Apple slammed for riot ‘support’

Global Times 2019-11-13 17:07:52

Chinese netisens and analysts slammed and urged Apple to stop facilitating rioters in Hong Kong as the company has allegedly been providing videos and songs in support of the Hong Kong riots, which an...

Women's Internet use falls behind despite growing uptake globally: UN

Women's Internet use falls behind despite growing uptake globally: UN

Xinhua 2019-11-13 16:31:47

A new study from the International Telecommunication Union (ITU) on Tuesday showed that some 4.1 billion people worldwide are now online, but in most countries, developing ones particularly, women's u...

Better logistics can help Bangladesh boost exports: WB

Better logistics can help Bangladesh boost exports: WB

-- 2019-11-13 14:54:37

Bangladesh needs to improve its transport and logistics systems to meet the needs of its growing economy and boost export growth, said a new World Bank report launched on Wednesday. The report &ndash...

Startup Bangladesh-Idea set to achieve ASOCIO award

Startup Bangladesh-Idea set to achieve ASOCIO award

FE Online Report 2019-11-12 16:38:47

Innovation Design and Entrepreneurship Academy (iDEA) project of Bangladesh Computer Council under the ICT Division is set to achieve international recognition through ASOCIO Award in the category of...

Chinese researchers develop purple tomato

Chinese researchers develop purple tomato

Xinhua 2019-11-12 16:32:51

Chinese researchers have developed a genetically modified purple tomato rich in anthocyanins, according to the Chinese Academy of Sciences. Anthocyanins are a group of antioxidant-boosting pigments t...

Country’s post-graduation challenges worry experts

Country’s post-graduation challenges worry experts

FE REPORT 2019-11-11 10:24:34

Bangladesh will have to address a few core policy challenges to achieve the upper-middle income country status by 2031, economists said. The challenges include ensuring equitable tax system, capital...

Over 100 Indian CEOs to visit Davos for 50th WEF meet

Over 100 Indian CEOs to visit Davos for 50th WEF meet

-- 2019-11-10 19:10:13

Over 100 Indian CEOs, several political leaders and select Bollywood stars including Deepika Padukone will be in the Swiss ski resort town of Davos in January for the 50th anniversary of the WEF Annua...

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

-- 2019-11-10 15:44:20

A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are...