Search results for: EC

UAE, US to spur $100b in clean energy projects

-- 2022-11-01 18:18:19

The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news...

Bangladesh raises rate for dollars sent by doctors, engineers to Tk 107

FE ONLINE DESK 2022-11-01 12:48:54

The rate for dollars sent by doctors, engineers, lawyers, bankers, nurses and other expatriates holding so-called white-collar jobs has been raised to Tk 107, bdnews24.com reports. They were ge...

Q4 may see stunted jobs growth: ILO

FE REPORT 2022-11-01 08:51:59

Global employment growth might deteriorate significantly in the final quarter of 2022 amid conflicts and crises like hyperinflation, tightening monetary policy, increasing debt and declining consumer...

ADB to provide $420 million reconstruction support

FHM HUMAYAN KABIR 2022-11-01 08:45:53

The Asian Development Bank (ADB) is expected to provide a concessional loan of US$420 million in response to a call for its emergency support to rehabilitate mainly the rural infrastructure devastated...

‘Recent high growth increases unemployment rate’

FE ONLINE REPORT 2022-10-31 20:18:22

Bangladesh’s high growth in recent years failed to create the desired level of employment, causing high unemployment rate, economists said. In this connection, they emphasised ensuring employme...

COP27 climate summit to test resolve of world battling war, inflation

-- 2022-10-31 19:40:43

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from...

Suspicious transactions increased by 62.32pc in FY22, says BFIU

-- 2022-10-31 17:16:32

The suspicious transaction reports (STR) and suspicious activity reports (SAR) have increased by 62.32 per cent in the fiscal year 2021-22, compared to that of the previous fiscal year. According to...

Hundreds of Apple workers in Australia set to strike again

-- 2022-10-31 16:54:29

Hundreds of Apple workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight that has seen weeks of walkouts a...

Bangladesh could lose a third of agricultural GDP due to climate effects by 2050: WB

FE ONLINE REPORT 2022-10-31 14:28:11

One-third of agricultural GDP could be lost in Bangladesh due to climate variability and extreme events by 2050, the World Bank has said in a report.  Average tropical cyclones cost Bangladesh a...

Loan talks: IMF suggests NPL cut, financial reforms

FE REPORT 2022-10-31 08:33:45

An International Monetary Fund (IMF) delegation now in lending talks with Bangladesh government suggests downsizing non-performing loans (NPLs) and ensuring good governance in financial sector, offici...

RMG export target for FY23 unlikely to be achieved, says BGMEA

-- 2022-10-30 20:54:58

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said Bangladesh’s export earnings target from the readymade garments (RMG) sector for the current fiscal year (FY 2022-23)...

‘223 investment proposals worth Tk 316.10b received in July-September quarter'

-- 2022-10-30 18:51:04

Fully foreign and joint venture investment proposals with Bangladesh Investment Development Authority (BIDA) rose by 809.75 per cent (Tk 170.80 billion) during the July-September quarter in 2022 compa...

BB will go slow in calculating forex reserves following IMF formula 

-- 2022-10-30 18:28:28

The Bangladesh Bank (BB) has recently agreed to calculate reserves following the international standard as advised by the International Monetary Fund (IMF), but the process will be slow considering it...

Sustainability reporting by PLCs: Bangladesh ranks lowest in SA

FE REPORT 2022-10-30 09:02:52

Bangladesh ranked one of the lowest in sustainability reporting in 2019 among the South Asian publicly listed companies (PLCs), according to a latest research findings. Only 49 companies out of 320 l...

Fall of Motorola - the company that launched cell phone for the first time

Safrina Kabir 2022-10-29 17:24:27

Motorola, the first company to publicly market cellular phones, made its first test call in 1973. Ten years after that, they hit the market.  Starting from 1983, they launched dozens of mobile p...

Government keen to expand digital banking, looks into digital currency launch

-- 2022-10-29 15:36:26

The government is optimistic about expanding digital banking in the country to accelerate financial inclusion with an aim to create more jobs for young jobseekers. According to an official document s...

Top central bankers fear breaking economy if they raise rates too fast

FE ONLINE DESK 2022-10-29 12:50:57

The world's top central bankers are beginning to fear that an already weak global economy will stall if they keep pressing on the brakes, unnerved by plunging commodity prices, turmoil in emergi...

Zuckerberg to testify in US case against Facebook's virtual reality deal

-- 2022-10-29 10:25:33

Meta Platforms Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company's proposed deal to buy virtual reality (VR) content maker Wi...

Trade with Russia: BD out to find payment option amid SWIFT ban

REZAUL KARIM 2022-10-29 08:48:03

Dhaka is desperately exploring alternative payment systems amid multiple sanctions, including SWIFT ban, against Russia as bilateral trade will suffer a setback sans a free and safe transaction mechan...

IMF support to enable govt to recharge reserves

SYFUL ISLAM 2022-10-29 08:16:23

The International Monetary Fund (IMF) says its support programme for Bangladesh will help the country replenish its foreign-currency reserves and enhance the capacity to deal with economic downturn fe...

Bank of England poised to raise rates by most in 33 years

-- 2022-10-28 18:22:09

The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak...

How will we know if the US is in recession?

-- 2022-10-28 17:18:08

The US economy grew faster than expected in the July-September quarter, the government reported Thursday, underscoring that the United States is not in a recession despite distressingly high inflation...

IMF cuts Asia's economic forecasts as China's slowdown bites

-- 2022-10-28 17:11:22

The International Monetary Fund cut Asia's economic forecasts on Friday as global monetary tightening, rising inflation blamed on the war in Ukraine, and China's sharp slowdown dampened the region's r...

Metaverse opens up new world of cybercrime: Interpole

-- 2022-10-28 16:23:08

Global police agency Interpol said it was preparing for the risk that online immersive environments - the "metaverse" - could create new kinds of cybercrime and allow existing crime to take place on a...

Two NASA spacecraft detect biggest meteor strikes at Mars

-- 2022-10-28 16:11:37

Two NASA spacecraft at Mars — one on the surface and the other in orbit — have recorded the biggest meteor strikes and impact craters yet. The high-speed barrages last year sent seismic w...

GSP, cotton to dominate next Ticfa talks

FE REPORT 2022-10-28 10:02:20

Commercec Minister Tipu Munshi on Thursday said cotton fumigation and generalised system of preference (GSP) issues would be discussed in details in the next meeting of the Trade and Investment Cooper...

Remake social protection schemes suiting new normal

FE REPORT 2022-10-28 09:01:40

Bangladesh's social-protection schemes need to be reshuffled to deal with emerging risks in the post-pandemic new normal wherein more vulnerable groups have to be served, South Asian Network on Econom...

FDI jumps by 37.20pc in FY22

Asjadul Kibira 2022-10-27 21:57:03

The net inflow of foreign direct investment (FDI) in the country again crossed the US$3.0 billion level, after two years, in the last fiscal year (FY22). The latest statistics, released by the centra...

Talks with IMF for $4.5b loan satisfactory, says BB

-- 2022-10-27 18:24:27

Bangladesh Bank (BB) on Thursday said the first round of dialogue with a visiting delegation of the International Monetary Fund (IMF) for obtaining a loan of $4.5 billion was satisfactory, an official...

Mongla Port activities see sharp rise after Padma Bridge opening

-- 2022-10-27 18:09:33

Amid import control and inflation in the economy, the Mongla Port, the country’s second-largest seaport, saw huge export and import in the last three and a half months in the current fiscal year...