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The Financial Express

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Climate change to eat up 3.0pc of GDP by 2030

Climate change to eat up 3.0pc of GDP by 2030

Jasim Uddin Haroon 2019-03-23 09:10:57

The country's fast-growing economy may be disrupted in the medium to long run, due mainly to a rising sea, researchers warn. Bangladesh is one of the most exposed and vulnerable countries to climate-...

Melting ice on Mount Everest exposes dead bodies

Melting ice on Mount Everest exposes dead bodies

-- 2019-03-22 17:29:16

Expedition operators are concerned at the number of climbers' bodies that are becoming exposed on Mount Everest as its glacier s melt. Nearly 300 mountaineers have died on the peak since the first as...

Bank of England holds interest rates steady

Bank of England holds interest rates steady

-- 2019-03-22 13:48:40

The Bank of England (BOE), the central bank of the country, on Thursday held the bank interest rate unchanged at 0.75 per cent. The lender said in its March Monetary Policy Committee (MPC) report r...

Three students devise ‘automated car parking system’

Three students devise ‘automated car parking system’

UNB 2019-03-22 11:28:18

With the high rate of population growth allied to increasing economic activity in Bangladesh's growing urban centres, the number of vehicles on the roads is also growing exponentially. The rise in th...

Reserve heist: Dhaka to go ahead with out-of-court settlement

Reserve heist: Dhaka to go ahead with out-of-court settlement

Syful Islam 2019-03-22 09:07:59

Bangladesh will press ahead with its plan to settle the reserve heist issue through discussion with the Philippines, although both sides got into a legal battle, a senior official said on Wednesday....

Australian unemployment rate hits eight-year low

Australian unemployment rate hits eight-year low

-- 2019-03-21 12:34:29

Australia’s jobless rate fell to a near eight-year low in February as a bumper run in employment extended, sending the local dollar sharply higher on expectations the country’s central ban...

NZ GDP grows 0.6pc in December 2018 quarter

NZ GDP grows 0.6pc in December 2018 quarter

-- 2019-03-21 11:41:11

New Zealand's gross domestic product (GDP) grew 0.6 per cent over the year in the December 2018 quarter, Statistics New Zealand (Stats NZ) figures showed on Thursday. "Growth in this quarter was led...

EU fines Google €1.5b over advertising

EU fines Google €1.5b over advertising

-- 2019-03-21 11:12:48

Google has been hit with a €1.49 billion (£1.28b) fine from the EU for blocking rival online search advertisers. It is the third EU fine for the search and advertising giant in two years....

'Money laundering, NPL interlinked'

'Money laundering, NPL interlinked'

FE Report 2019-03-21 09:46:04

Experts at a workshop have identified several factors responsible for the rise of trade-based money laundering in the country. The factors include under-qualified bankers, lack of effective communica...

EU regulators fine Google for blocking advertising rivals

EU regulators fine Google for blocking advertising rivals

-- 2019-03-20 19:30:33

EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company’s third penalt...

UAE launches Arab space group

UAE launches Arab space group

-- 2019-03-20 15:35:27

Eleven Arab states, including the UAE, on Tuesday set up the first Arab space organisation, whose first project will be developing a satellite to monitor environmental and climate changes. Sheikh Moh...

France reduces 2019 growth target

France reduces 2019 growth target

-- 2019-03-20 11:03:04

France has reduced its economic growth target for this year to 1.4 per cent from 1.7 per cent after the "Yellow Vest" protest movement severely impacted the country's economy. "What's obvious is that...

Govt revises down ADP to Tk 1.65tn

Govt revises down ADP to Tk 1.65tn

FE Report 2019-03-20 10:28:14

The government revised the Annual Development Programme (ADP) on Tuesday, trimming the fund allocation by 4.62 per cent to Tk 1.65 trillion. In the revised ADP, the transport sector has got top pri...

Budget to focus on education, infrastructure, urbanisation

Budget to focus on education, infrastructure, urbanisation

FE Report 2019-03-20 09:24:36

Education, infrastructure development and planned urbanisation of villages will receive priority of the government in the budget for the next fiscal year (FY), 2019-20, Finance Minister A H M Mustafa...

'Govt projects to use software from local firms'

'Govt projects to use software from local firms'

-- 2019-03-19 20:38:45

State Minister for ICT Division Zunaid Ahmed Palak has said the government will procure software for its projects from local firms. "No software will be collected from any foreign company," he said....

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

-- 2019-03-19 15:50:54

Finance Minister AHM Mustafa Kamal on Tuesday hoped that the country’s GDP growth will reach 8.13 per cent in the ongoing fiscal year (2018-19). "The GDP growth rate will hit 8.13 per cent at t...

Facebook provides new details on Christchurch attack video

Facebook provides new details on Christchurch attack video

-- 2019-03-19 13:57:38

Facebook has said a live broadcast of last week's Christchurch attacks was viewed fewer than 200 times, as the firm faces growing criticism for failing to block the footage. On Friday, a gunman live-...

Malaysia's Feb CPI seen falling 0.3pc y/y: Reuters poll

Malaysia's Feb CPI seen falling 0.3pc y/y: Reuters poll

-- 2019-03-19 12:47:54

Malaysia’s consumer prices are expected to fall again in February, but at a slower rate than the previous month, a Reuters poll showed on Tuesday. The consumer price index (CPI) in February was...

6FYP misses export, import targets

6FYP misses export, import targets

FE Report 2019-03-19 09:18:29

Bangladesh needs to boost its allocation in education and health sector, otherwise the country may face disparity in these areas in the near future, experts warned at a meeting on Monday. At the same...

Trade conflicts damaging world economy, German minister says

Trade conflicts damaging world economy, German minister says

-- 2019-03-18 18:43:31

German Finance Minister Olaf Scholz has said trade conflicts are damaging the global economy and Europe must speak with united voice to maximise its bargaining power. He came up with the remarks in a...

Japan logs goods trade surplus of $3.03b in Feb

Japan logs goods trade surplus of $3.03b in Feb

-- 2019-03-18 12:01:19

Japan logged a goods trade surplus in February, the government said on Monday in a preliminary report. According to the Finance Ministry, the surplus in January stood at 339.0 billion yen (3.03 billi...

Facebook removes 1.5m videos of NZ mosque attack

Facebook removes 1.5m videos of NZ mosque attack

-- 2019-03-17 12:10:23

Facebook said it removed 1.5 million videos globally of the New Zealand mosque attack in the first 24 hours after the incident. "In the first 24 hours we removed 1.5 million videos of the attack glob...

Google doodle celebrates Children’s Day

Google doodle celebrates Children’s Day

-- 2019-03-17 11:59:18

Search engine giant Google has created a special Doodle, celebrating National Children's Day and the birth anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. The Doodle 'Children'...

No more 'unfavourable' foreign aid

No more 'unfavourable' foreign aid

FE Report 2019-03-17 09:49:01

State minister for foreign affairs M Shahriar Alam said Bangladesh prefers trade partnership to overseas assistance as the country has decided to scale down its aid dependence. "We want to reduce our...

BB 'needs to be bold' in handling banking sector volatility

BB 'needs to be bold' in handling banking sector volatility

FE Report 2019-03-17 09:32:31

The central bank authorities need to be more bold and should not kowtow to any external pressure to tackle the current banking sector volatility in the country, former Bangladesh Bank (BB) Governor Dr...

BD-China trade to hit $18b mark in two years

BD-China trade to hit $18b mark in two years

FE Online Report 2019-03-16 19:25:34

Bilateral trade between Bangladesh and China, which accounted to $12.40 billion in 2017-18, is expected to hit $18 billion mark by 2021, according to economists. President of Dhaka Chamber of Commer...

Tech firms struggle to remove NZ mosque attack video

Tech firms struggle to remove NZ mosque attack video

-- 2019-03-16 14:04:34

Internet companies scrambled Friday to remove graphic video filmed by a gunman in the New Zealand mosque shootings that was widely available on social media for hours after the horrific attack. Faceb...

Philippines BOP position posts higher in 2018

Philippines BOP position posts higher in 2018

-- 2019-03-16 12:36:46

The Philippines' balance of payments (BOP) position for full-year 2018 posted a deficit of 2.3 billion US dollars, "significantly higher" than the $863 million deficit recorded a year ago, the BSP has...

Trump’s trade war cost US economy $7.8b in 2018: Study

Trump’s trade war cost US economy $7.8b in 2018: Study

-- 2019-03-16 11:04:44

President Donald Trump’s trade battles cost the US economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this we...

Banks' consumer lending growth defies BB order

Banks' consumer lending growth defies BB order

Jasim Uddin Haroon 2019-03-16 10:16:15

Leading commercial banks provide consumer finance that surpasses the growth rate of banks' total lending violating the central bank instruction, according to an investigation. In 2017, the Bangladesh...