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The Financial Express

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NBR to scan TIN holders skirting tax returns

NBR to scan TIN holders skirting tax returns

FE Report 2019-04-09 09:37:37

The National Board of Revenue (NBR) will find out the TIN (tax-payers’ identification number) holders who are not submitting tax returns despite having taxable income, its chairman said. Mosh...

Cigarette price hike to add up to 1pc to Turkish inflation

Cigarette price hike to add up to 1pc to Turkish inflation

-- 2019-04-08 14:20:32

A 20 per cent price increase on cigarettes is expected to add up to 1.0 percentage point to Turkey’s inflation, economists say, as Ankara continues to face price instability. In the wake of las...

UK plans to implement 'online safety laws'

UK plans to implement 'online safety laws'

-- 2019-04-08 13:47:57

Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content. Easy access to dam...

Economy to expand at 7.3pc this fiscal: Escap

Economy to expand at 7.3pc this fiscal: Escap

FE Report 2019-04-07 09:26:42

The United Nations has said Bangladesh's real GDP (Gross Domestic Product) growth is expected to reach 7.3 per cent this fiscal year. The forecast came in the latest report of the Bangkok-based Econo...

US adds 196,000 jobs in March

US adds 196,000 jobs in March

-- 2019-04-06 14:48:38

The US economy added 196,000 jobs in March, while the unemployment rate remained unchanged at 3.8 per cent, the Bureau of Labor Statistics has said. In the first quarter of 2019, employment growth in...

BD's slip in ranking ‘hits investment growth’

BD's slip in ranking ‘hits investment growth’

FHM Humayan Kabir 2019-04-06 09:31:27

Bangladesh has not only failed to improve its position in the 'ease of doing business' index, it has rather slipped by 111 notches in the past 13 years. The country's poor ranking among the global ec...

Google dissolves AI ethics council after controversy

Google dissolves AI ethics council after controversy

Reuters 2019-04-05 14:32:00

Alphabet's Google said on Thursday (local time) it was dissolving a council it had formed a week earlier to consider ethical issues around artificial intelligence and other emerging technologies. T...

UK house prices inch up, but likely to remain subdue: Halifax

UK house prices inch up, but likely to remain subdue: Halifax

-- 2019-04-05 14:31:09

The house price in United Kingdom (UK) rose slightly more quickly in the first three months of 2019 in annual terms but growth is likely remain subdued, given Brexit uncertainty and high property pric...

China trade deal 'very close', Trump says

China trade deal 'very close', Trump says

-- 2019-04-05 12:40:49

US President Donald Trump said on Thursday the United States and China were close to a trade deal that could be announced within four weeks, while warning Beijing that it would be difficult to allow t...

WB forecasts 7.3pc growth

WB forecasts 7.3pc growth

FE Report 2019-04-05 09:48:26

World Bank Acting Country Director Robert J. Saum presenting Bangladesh Development Update 2019 in the city on Thursday — FE photo The World Bank (WB) forecast on Thursday a conservative 7.3 pe...

India’s central bank cuts lending rate to 6.0pc

India’s central bank cuts lending rate to 6.0pc

-- 2019-04-04 16:44:59

India’s central bank has lowered its key interest rate by a quarter of a percentage point to 6.0 per cent to strengthen domestic growth ahead of a national election next week. The interest rate...

Bayer says has detected, contained cyber attack

Bayer says has detected, contained cyber attack

-- 2019-04-04 15:05:25

Germany’s largest drugmaker, Bayer, said it had detected and contained a cyber attack on its computer networks, highlighting the risk of data theft from industrial data systems. Bayer found inf...

BD among top five growing economies: WB

BD among top five growing economies: WB

-- 2019-04-04 13:41:03

The World Bank in a report has put Bangladesh among the five fastest growing economies in the world. The outlook was reflected in the report titled ‘The Bangladesh Development Update April 2019...

S Korea commercially launches 5G services Friday

S Korea commercially launches 5G services Friday

-- 2019-04-03 18:54:02

South Korea will become the first country to commercially launch fifth-generation (5G) services on Friday as it rolls out the latest wireless technology with Samsung Electronics' new 5G-enabled smartp...

Toyota to share secrets of hybrid car tech for free

Toyota to share secrets of hybrid car tech for free

-- 2019-04-03 17:51:59

Car manufacturer Toyota is to offer royalty-free access to its hybrid vehicle technology patents until 2030. It is part of a move to promote hybrid cars as a bridge to fully electric vehicles (EVs)....

WhatsApp launches fake news ‘tipline’ in India ahead of polls

WhatsApp launches fake news ‘tipline’ in India ahead of polls

-- 2019-04-03 13:04:38

WhatsApp has launched a fact-checking service for Indians, where users can send in messages, photos and videos that they want verified. They will then be told if it's true, false, disputed or misleadi...

PM opens work on 24 economic zones

PM opens work on 24 economic zones

-- 2019-04-03 13:02:52

Prime Minister Sheikh Hasina inaugurated and laid foundation stones of 65 uplift schemes including 24 economic zones on Wednesday. She opened and laid foundation stones of the development projects by...

Trade war, Brexit could slow developing Asia's growth: ADB

Trade war, Brexit could slow developing Asia's growth: ADB

Reuters 2019-04-03 10:40:03

Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a b...

Significant drop in pvt sector credit growth in Feb

Significant drop in pvt sector credit growth in Feb

Siddique Islam 2019-04-03 10:19:42

The private-sector credit growth dropped significantly in February as some banks, particularly private ones, faced liquidity pressure due mainly to unavailability of deposits, bankers said. Credit gr...

DCCI proposes business friendly tax system for 8.5pc GDP

DCCI proposes business friendly tax system for 8.5pc GDP

FE Online Report 2019-04-02 21:37:31

DCCI President Osama Taseer urged for easy and business friendly taxation system, automation of tax system and investment friendly environment to attain 8.5 per cent GDP. The DCCI president made the...

'World merchandise trade volume growth to fall to 2.6pc'

'World merchandise trade volume growth to fall to 2.6pc'

FE Online Report 2019-04-02 20:21:16

World merchandise trade volume growth is set to fall to 2.6 per cent in the current year, down from 3.0 per cent in the past year, according to the latest forecast of the World Trade Organisation (WTO...

Govt not to allow distortion, mismanagement in economy

Govt not to allow distortion, mismanagement in economy

-- 2019-04-02 19:32:38

Finance Minister AHM Mustafa Kamal has said that the government would never allow any sort of distortion and mismanagement in the economic arena.  “I want to run everything in a proper and...

India's factory growth hits record low in March

India's factory growth hits record low in March

-- 2019-04-02 14:18:55

Growth in India’s manufacturing industry slowed to a six-month low in March as orders and output expanded at a weaker rate. However, overall factory activity of the seventh-largest economy of t...

Facebook takes down hundreds of Indian, Pakistani accounts

Facebook takes down hundreds of Indian, Pakistani accounts

-- 2019-04-02 12:01:35

Facebook has deleted 712 accounts and 390 pages in India and Pakistan for “inauthentic behavior”, it said on Monday, many linked to India’s opposition Congress party days before a na...

Problem projects threaten $2.0b WB loans

Problem projects threaten $2.0b WB loans

FHM Humayan Kabir 2019-04-02 09:08:56

The World Bank (WB) has warned that it will reconsider financing projects worth US$ 2.0 billion unless the authority expedites implementation of the projects , officials said Monday. The global lende...

'BD needs comprehensive e-commerce strategy'

'BD needs comprehensive e-commerce strategy'

-- 2019-04-01 21:06:35

Bangladesh has laid an 'essential foundation' for a technology-driven and skill-based digital economy but it still needs a comprehensive e-commerce strategy and improved delivery logistics, says a rep...

Meeting on draft of ADR guidelines held

Meeting on draft of ADR guidelines held

FE Online Report 2019-04-01 18:22:12

The third tripartite review meeting of Bangladesh Bank (BB), Association of Bankers Bangladesh (ABB) and Bangladesh International Arbitration Centre (BIAC) on the draft of ADR guidelines to resolve co...

China to build 6-8 reactors a year to meet 2030 goals

China to build 6-8 reactors a year to meet 2030 goals

-- 2019-04-01 13:34:23

China will be able to build six to eight nuclear reactors a year once the approval process gets back to normal in the near future, the chairman of the state-owned China National Nuclear Corporation to...

Zuckerberg urges governments to help control internet content

Zuckerberg urges governments to help control internet content

-- 2019-03-31 11:05:00

Mark Zuckerberg says regulators and governments should play a more active role in controlling internet content. In an op-ed published in the Washington Post, Facebook's chief says the responsibility...

Akhaura-Sylhet dual-gauge project: 57 vehicles, fuel to eat up most budget!

Akhaura-Sylhet dual-gauge project: 57 vehicles, fuel to eat up most budget!

FHM Humayan Kabir 2019-03-31 09:38:48

The Bangladesh Railway (BR) would purchase 57 vehicles for a bloated Tk 157.05-billion project undertaken to convert a metre-gauge line into a dual-gauge one. It has also proposed to spend Tk 4.72 bi...