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The Financial Express

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Agent banking changes rural socioeconomic landscape

Agent banking changes rural socioeconomic landscape

JUBAIR HASAN 2023-02-21 08:21:43

Agent banking continues changing rural socioeconomic landscape with formal credit inflow, deposit netting and injection of inward remittance marking a remarkable increase in the heretofore backwoods...

Gas shortage exposes South Asian economies to more pain

Gas shortage exposes South Asian economies to more pain

-- 2023-02-20 17:34:13

With a little over a month to go for peak shopping season during Ramadan, the head of Pakistan's retail industry body is shuttling between meetings, pressing officials to relax orders that forced mall...

'Detachable cabin' in aircraft could it revolutionise air travel safety

'Detachable cabin' in aircraft could it revolutionise air travel safety

Iftekharul Islam 2023-02-20 15:20:45

Flying can be a scary experience, with many people experiencing anxiety regarding air travel. Ukrainian aviation engineer, Vladimir Tatarenko, has spent over three years designing a new safety system...

Facebook parent Meta to introduce monthly subscription service

Facebook parent Meta to introduce monthly subscription service

FE ONLINE DESK 2023-02-20 10:30:26

Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge,...

Remove hurdles to better investment climate

Remove hurdles to better investment climate

FE REPORT 2023-02-20 08:37:59

Business leaders have demanded removing the existing bottlenecks in the business environment related to customs and tax, in order to help boost both domestic and foreign investment in the country. Th...

Post office savings tools: No manual deposit in general A/Cs from July

Post office savings tools: No manual deposit in general A/Cs from July

FE Report 2023-02-20 08:27:22

Investors in the government's post office savings certificates will not be able to deposit in general accounts under the manual system from July 1, 2023. However, they will get the deposit yield of...

NPL falls as spl classification comes into play

NPL falls as spl classification comes into play

JASIM UDDIN HAROON AND JUBAIR HASAN 2023-02-20 08:01:40

Non-performing loans (NPL) in Bangladesh's banking sector decreased by 1.20 percentage points to over Tk 1.20 trillion at the end of last December, following a special classification that economists s...

How Marc Lore became billionaire battling against Jeff Bezos

How Marc Lore became billionaire battling against Jeff Bezos

Ahnaf Tahmid Fahid 2023-02-19 17:08:58

In the world of e-commerce, Jeff Bezos is a living legend. Bezos developed an online empire that redefined how we shop and changed the face of retail as the founder and former CEO of Amazon.  Bu...

Smart contact lenses to show map directions

Smart contact lenses to show map directions

Rassiq Aziz Kabir  2023-02-19 15:06:38

Until recently, if someone couldn’t find proper directions while going to some place, they would have to ask the passersby nearby to know the appropriate location. However, this now seems to be...

Laurels for remittance heroes

Laurels for remittance heroes

FE REPORT 2023-02-19 09:17:42

Bangladesh Consulate General in Dubai has given awards to 52 expatriates and 39 commercially important persons (CIPs) this year for contributing to the country's economy by sending remittance through...

Access to finance still a 'big issue', Principal Secretary tells MCCI meet

Access to finance still a 'big issue', Principal Secretary tells MCCI meet

FE Report 2023-02-19 09:16:10

Access to finance for the country's businesses was still remaining a "big issue", said Principal Secretary to Prime Minister M. Tofazzel Hossain Miah on Saturday. "We have achieved milestones in acce...

Govt boasts Tk 31.38b Jul-Oct budget surplus

Govt boasts Tk 31.38b Jul-Oct budget surplus

JASIM UDDIN HAROON 2023-02-19 08:55:16

Two unusual financial developments helped the government put aside a budget surplus of Tk 31.38 billion in the first four months of the current fiscal year, which economists, however, believe is trans...

Microsoft limits Bing chats to 5 questions per session

Microsoft limits Bing chats to 5 questions per session

Reuters 2023-02-18 13:10:03

Microsoft said on Friday it will limit chat sessions on its new Bing search engine powered by generative artificial intelligence (AI) to five questions per session and 50 questions per day. "As we me...

Twitter to charge users to secure accounts

Twitter to charge users to secure accounts

FE ONLINE DESK 2023-02-18 10:16:06

Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts, reports Reuters. After March 20, "only Twitter Bl...

FBCCI calls for protecting intellectual property

FBCCI calls for protecting intellectual property

FE REPORT 2023-02-18 09:05:55

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to protect intellectual property to boost up the country's economic growth and raise revenue collection...

Twitter shuts two of its three offices in India

Twitter shuts two of its three offices in India

-- 2023-02-17 19:13:23

Twitter Inc has closed two of its three offices in India, a global media reported on Friday, citing people familiar with the matter. The social media company shut down offices in New Delhi and Mumbai...

TikTok plans to open two more data centres in Europe

TikTok plans to open two more data centres in Europe

-- 2023-02-17 16:28:45

Chinese social media company TikTok plans to open two more data centres in Europe, a senior executive said on Friday, a move that could mitigate concerns over the security of users' data and ease regu...

Google, Twitter, Meta, Apple face tougher EU online content rules

Google, Twitter, Meta, Apple face tougher EU online content rules

-- 2023-02-17 15:54:44

Alphabet Inc's Google, Facebook parent Meta Platforms Inc, Twitter and Apple face stricter EU online content rules, based on monthly user numbers published by the companies, which exceeded an EU thres...

US says it is concerned about debt owed to China by Pakistan

US says it is concerned about debt owed to China by Pakistan

FE ONLINE DESK 2023-02-17 10:45:11

The United States is concerned about debt owed to China by Pakistan and other countries, US State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt w...

YouTube CEO Wojcicki steps down

YouTube CEO Wojcicki steps down

FE ONLINE DESK 2023-02-17 10:32:42

YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal u...

Microsoft-backed OpenAI to let users customise ChatGPT

Microsoft-backed OpenAI to let users customise ChatGPT

FE ONLINE DESK 2023-02-17 10:06:06

OpenAI, the startup behind ChatGPT, on Thursday said it is developing an upgrade to its viral chatbot that users can customise, as it works to address concerns about bias in artificial intelligence....

Central bank devising scheme to issue guarantee against big farm credit

Central bank devising scheme to issue guarantee against big farm credit

JUBAIR HASAN 2023-02-17 08:52:19

Bangladesh Bank (BB) is planning to introduce a credit guarantee scheme (CGS) for small and medium enterprises (SMEs) and agriculture sectors to boost agriculture production through facilitating farme...

Banks, FIs can give loans to CMSMEs from AIIB fund

Banks, FIs can give loans to CMSMEs from AIIB fund

FE REPORT 2023-02-17 08:36:04

The Bangladesh Bank (BB) on Thursday said the banks and financial institutions (FIs) can now sanction term loans to the cottage, micro, small, and medium enterprises (CMSMEs) from the Asian Infrastruc...

Dollar crisis casts shadow over operation of Rampal power plant

Dollar crisis casts shadow over operation of Rampal power plant

-- 2023-02-16 18:51:23

The 1320 MW Rampal power plant has resumed its partial production, but officials still worry about its uninterrupted operation due to dollar crisis that may again disrupt the import of coal, the plant...

French businessmen to get benefited if they invest in Bangladesh, says Tipu

French businessmen to get benefited if they invest in Bangladesh, says Tipu

-- 2023-02-16 18:27:52

Commerce Minister Tipu Munshi has said that French businessmen would be benefited more if they invest in Bangladesh capitalizing on the excellent business-friendly environment in the country. Tipu al...

Turkey quake could result in loss of up to 1pc of country's GDP in 2023

Turkey quake could result in loss of up to 1pc of country's GDP in 2023

FE ONLINE DESK 2023-02-16 12:56:51

The potential economic effects of the earthquake in Turkey could result in a loss of up to 1 per cent of the country's gross domestic product this year, the European Bank for Reconstruction and Develo...

Korea EPZ problem is a serious one, says JANG Sung Min

Korea EPZ problem is a serious one, says JANG Sung Min

FE ONLINE REPORT  2023-02-15 21:26:09

Special Envoy of the President of the Republic of Korea JANG Sung Min has said that problems faced by the Korean company YoungOne for the Korean EPZ in Chittagong are serious and such problems need to...

Japan wants to invest more in Bangladesh, says Kiminori Iwama

Japan wants to invest more in Bangladesh, says Kiminori Iwama

-- 2023-02-15 21:03:45

Newly appointed Japanese Ambassador to Bangladesh, Kiminori Iwama, has said that he will encourage Japanese companies to expand their business in Bangladesh to help the country achieve expected econom...

BB to release new Taka 1000 notes from Thursday

BB to release new Taka 1000 notes from Thursday

-- 2023-02-15 18:19:51

Bangladesh Bank (BB) is going to issue new banknotes of Taka 1,000 denomination signed by its governor, Abdur Rouf Talukder, from Thursday. It will initially be issued from the Motijheel office of th...

Elon Musk says end-2023 'good timing' to find new Twitter head

Elon Musk says end-2023 'good timing' to find new Twitter head

Reuters 2023-02-15 14:01:44

Twitter Chief Executive Elon Musk said on Wednesday that towards the end of 2023 would be "good timing" to find someone else to run Twitter, when he expects the social media platform to be stable. "I...