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The Financial Express

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Banks’ assets-to-GDP ratio stands at 61.0 pc in FY19

Banks’ assets-to-GDP ratio stands at 61.0 pc in FY19

FE ONLINE REPORT 2019-11-10 10:47:25

The country’s banking sector assets-to-GDP (Gross Domestic Product) declined marginally in the past fiscal year (FY19), according to a report released by the central bank last week. It showed t...

‘Infrastructure, skills crucial to develop ICT sector’

‘Infrastructure, skills crucial to develop ICT sector’

FE Online Report 2019-11-09 21:01:42

Lack of necessary infrastructure and skills need to be addressed to develop the information and communication technology (ICT) sector in the country. To this end, ICT R&D (research and developmen...

Taiwan's exports drops to $28.99b in Oct

Taiwan's exports drops to $28.99b in Oct

-- 2019-11-09 13:57:09

Taiwan's exports dropped 1.5 per cent year on year to 28.99 billion US dollars in October, falling for two consecutive months, the latest data showed. The decline was mainly due to the falling export...

Huawei all set for 5G technical support in BD

Huawei all set for 5G technical support in BD

-- 2019-11-09 13:49:44

China's telecommunication giant Huawei is all set to facilitate Bangladesh with technical support in the implementation of 5G technology. According to a statement received in Dhaka, Huawei's Senior V...

BD pays $987m to ACU for Sept-Oct imports

BD pays $987m to ACU for Sept-Oct imports

FE Report 2019-11-09 10:54:50

Bangladesh has made a routine payment of more than US$987 million to the Asian Clearing Union (ACU) against imports during the September-October period of this calendar year. After the payment, for...

EU cuts economic growth forecast for 2019, 2020

EU cuts economic growth forecast for 2019, 2020

Xinhua 2019-11-08 16:35:13

The European Commission said on Thursday that euro area gross domestic product (GDP) is forecast to expand by 1.1 per cent in 2019 and by 1.2 per cent in 2020 and 2021. Compared with the projections...

China's foreign trade up 2.4pc in first 10 months

China's foreign trade up 2.4pc in first 10 months

-- 2019-11-08 16:11:34

China's foreign trade registered stable growth in the first 10 months of this year with more opening-up measures to follow in the near future. The country's foreign trade volume expanded 2.4 per cent...

China's Oct exports, imports fall less than expected

China's Oct exports, imports fall less than expected

Reuters 2019-11-08 13:20:31

China’s exports and imports contracted less than expected in October, providing some relief for the economy as Beijing tries to reach a partial trade deal with Washington. But even if a US-Chin...

Offshore banking: ABB pleads for easing rules

Offshore banking: ABB pleads for easing rules

SIDDIQUE ISLAM 2019-11-08 10:01:38

Top executives of the private banks have urged the central bank to relax cash reserve ratio and statutory liquidity ratio requirements only for their offshore banking operations. Currently, the ban...

Philippine economy grows 6.2pc in third quarter

Philippine economy grows 6.2pc in third quarter

-- 2019-11-07 14:07:10

The Philippine Statistics Authority (PSA) said on Thursday that the country’s economy surged to 6.2 per cent in the third quarter of 2019, rose after two quarters of deceleration. PSA head Clai...

US productivity posts first fall in four years

US productivity posts first fall in four years

-- 2019-11-07 12:20:19

The productivity of American workers in the third quarter fell for the first time in almost four years as the US economy slows, the Labor Department has reported. Nonfarm business sector labour produ...

Slowing Indian economy bodes ill for rupee: Poll

Slowing Indian economy bodes ill for rupee: Poll

-- 2019-11-07 12:10:28

A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough...

Pension scheme bypasses 40pc population: CPD

Pension scheme bypasses 40pc population: CPD

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

More than 40 per cent of the nearly eight million old-age people do not receive any pension. In contrast, only 10 per cent private sector employees receive some kind of gratuity or provident fund. T...

Farming in peril, warns ADB

Farming in peril, warns ADB

A Z M ANAS, BACK FROM MANILA 2019-11-07 10:28:35

Blaming inefficiency in the agriculture market, a senior executive of the Asian Development Bank, or ADB, says it crumbles every three years and farmers make "very modest" profits. "Farmers don't mak...

Govt moves to formulate tourism master plan in two years

Govt moves to formulate tourism master plan in two years

BSS 2019-11-06 19:14:09

The government has taken an initiative for the first time in the country’s tourism history to formulate a ‘tourism master plan’ in next two years for proper branding of Bangladesh in...

Indonesians invent device to help internet-addicted

Indonesians invent device to help internet-addicted

Reuters 2019-11-06 18:49:00

From browsing social media to watching videos and chatting with friends, Indonesian university student Tyas Sisianindita spends about eight hours a day on her phone. “I realise that I am addict...

Uber self-driving car had safety flaws before crash

Uber self-driving car had safety flaws before crash

BBC 2019-11-06 17:53:27

An Uber self-driving test vehicle that hit and killed a woman last year in the United States had software problems, according to US safety investigators. Elaine Herzberg, 49, was hit by the car as sh...

Workshop on PPP in Bangladesh

Workshop on PPP in Bangladesh

FE Online Desk 2019-11-06 12:57:52

Public Private Partnership Authority of Prime Minister’s Office recently organized a workshop on PPP in Bangladesh at Planning Commission, Agargaon, Dhaka. An overview on the opportunities &amp...

Japan’s Q3 GDP growth may slow: Reuters poll

Japan’s Q3 GDP growth may slow: Reuters poll

-- 2019-11-06 11:52:45

Japan’s economy likely grew for a fourth straight quarter in July-September helped by solid domestic demand as consumers rushed to beat a sales tax hike, a Reuters poll found on Wednesday. But...

July-Oct export receipts drop by 6.8pc

July-Oct export receipts drop by 6.8pc

FE REPORT 2019-11-06 10:24:40

The country's export earnings declined by 6.82 per cent during the July-October period of the current fiscal year, compared to the corresponding period of the last fiscal year (FY). The aggregate exp...

ODCs key barrier to signing of PTAs

ODCs key barrier to signing of PTAs

SYFUL ISLAM 2019-11-06 10:14:08

Other duties and charges (ODCs) have emerged as one of the major barriers to signing of preferential trade agreements (PTAs) between Bangladesh and several countries, officials have said. At present,...

USAID study identifies BD's six promising sectors beyond RMG

USAID study identifies BD's six promising sectors beyond RMG

FE Online Report 2019-11-05 20:53:04

The United States Agency for International Development (USAID) has identified six promising sectors which can play a vital role to further boost the economy of Bangladesh. USAID’s Comprehensive...

Facebook unveils new logo

Facebook unveils new logo

Reuters 2019-11-05 17:41:04

Facebook has unveiled a new logo for the company to distinguish it from its apps. The social media company on Monday said it would start using the new brand within its products and marketing material...

Inflation slightly declines in October

Inflation slightly declines in October

UNB 2019-11-05 16:38:19

The inflation rate decreased to 5.47 per cent in October from 5.54 per cent in the previous month thanks to significant fall in prices of non-food items and some food commodities. “Despite pric...

ECNEC clears Tk 34.49b project to ensure nuclear plant safety

ECNEC clears Tk 34.49b project to ensure nuclear plant safety

-- 2019-11-05 15:12:26

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects, including Tk 34.49 billion (3,449.05 crore) Physical Protection System (PPS) Project to Rooppur Nucle...

Brazil plans to create eight AI labs

Brazil plans to create eight AI labs

-- 2019-11-05 13:43:01

The Brazilian government on Monday (local time) announced a plan to build eight artificial intelligence (AI) labs across the country. The move is aimed at improving the country's AI research and deve...

RBA keeps interest rate on hold at 0.75pc

RBA keeps interest rate on hold at 0.75pc

-- 2019-11-05 12:15:37

The Reserve Bank of Australia (RBA) decided to keep the official interest rate on hold at 0.75 per cent following a monthly board meeting on Tuesday. The country's interest rate will remain at the al...

Jul-Oct remittance inflow crosses US$6.0b

Jul-Oct remittance inflow crosses US$6.0b

FE REPORT 2019-11-05 09:55:25

The inflow of remittances crossed US$6.0 billion in the first four months of the current fiscal year (FY) as the government started providing incentive to the beneficiaries against inward remittance....

Emphasis on recognising women’s unaccounted household works in GDP

Emphasis on recognising women’s unaccounted household works in GDP

FE Online Report 2019-11-04 18:51:11

The contribution of women’s unaccounted household works needs to be incorporated in the gross domestic product (GDP), said experts.   The view came up at a programme on Monday at a dialogu...

Facial recognition drones to help in searches for missing people

Facial recognition drones to help in searches for missing people

BBC 2019-11-04 17:04:18

Police Scotland has unveiled a new aerial drone system to help in searches for missing and vulnerable people. The remotely-piloted aircraft system (RPAS) can see things we can't to try to work out wh...