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Bangladesh World Champion at NASA Space Apps Challenge

Bangladesh World Champion at NASA Space Apps Challenge

FE Online Desk 2019-02-17 13:08:31

For the 1st time Bangladesh has become World Champion at NASA Space Apps Challenge. In Best Use of Data Category ‘Team Olik’ from Sylhet has secured top place by beating 1395 teams arou...

Post-LDC challenge lies in incentivising exports

Post-LDC challenge lies in incentivising exports

Jasim Uddin Haroon 2019-02-17 09:40:12

Bangladesh in all likelihood would face challenges in relation to its export trade, once it shakes off its least developed country (LDC) status. The existing incentive regime will no more remain vali...

BIDA for reform of 'fiscal depreciation' provision in tax law

BIDA for reform of 'fiscal depreciation' provision in tax law

Doulot Akter Mala 2019-02-17 09:34:56

The Bangladesh Investment Development Authority (BIDA) has recently suggested updating of the fiscal depreciation, as mentioned in the third schedule of the income tax ordinance. During a meeting wit...

Gene-edited animals expected to reduce poverty in Africa

Gene-edited animals expected to reduce poverty in Africa

-- 2019-02-16 16:56:54

A researcher in Edinburgh is leading efforts to develop gene-edited farm animals for poor farmers in Africa. Prof Appolinaire Djikeng is developing cows, pigs and chickens that are resistant to disea...

Scientists create first ant-like walking robot without GPS

Scientists create first ant-like walking robot without GPS

-- 2019-02-16 14:40:40

French researchers got inspiration from desert ants and developed a first-of-its-kind walking robot that can move without GPS. The study published on Wednesday in the journal Science Robotics reporte...

Running an LED in reverse could cool future computers: Study

Running an LED in reverse could cool future computers: Study

-- 2019-02-16 14:29:10

Researchers at the University of Michigan (UM) ran a light emitting diode (LED) with electrodes reversed in order to cool another device mere nanometers away, according to a news release posted on UM'...

Employment rate in BD exceeds global average: ILO

Employment rate in BD exceeds global average: ILO

-- 2019-02-15 21:55:34

International Labour Organisation (ILO) has said the employment rate in Bangladesh and other countries in the region exceeded the global average and was expected to remain so in the coming years in vi...

Lyft to woo investors with fast US growth

Lyft to woo investors with fast US growth

-- 2019-02-15 15:50:17

Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people famili...

Trade tariffs cost US businesses $2.7b in Nov

Trade tariffs cost US businesses $2.7b in Nov

-- 2019-02-15 12:00:28

US businesses paid an additional 2.7 billion US dollars in tariffs in November 2018, according to data released Thursday. This is the most recent monthly data available due to the 35-day partial go...

Incentive pays off as exports to new mkts on upswing

Incentive pays off as exports to new mkts on upswing

Jasim Uddin Haroon 2019-02-15 09:49:41

The government's efforts to incentivise the exporters reaching out to new markets beyond the traditional export destinations are paying off, people familiar with the matter have told the FE. The proc...

French jobless rate falls to near 10-year low

French jobless rate falls to near 10-year low

-- 2019-02-14 14:09:59

France’s unemployment rate fell unexpectedly at the end of last year to its lowest level since the start of 2009, data published by the INSEE national statistics office on Thursday showed. The...

Apple to investigate Saudi app

Apple to investigate Saudi app

-- 2019-02-14 13:43:20

A Saudi Arabian app that can be used to track women and prevent them from travelling will be investigated by Apple, its chief executive has said. In an interview with NPR, Tim Cook said he wasn't awa...

NBR plans 32 more tax zones across Bangladesh

NBR plans 32 more tax zones across Bangladesh

-- 2019-02-14 11:34:24

The government has decided to establish 32 more tax zones across the country to bring more taxpayers in the tax net for improving the revenue collection to comply with the increasing target of tax col...

Export performance of many sectors falls short of expectations

Export performance of many sectors falls short of expectations

Jasim Uddin Haroon 2019-02-14 09:39:11

Exports from many sectors in the economy either took slow lane of growth or swung between their highs and lows despite subsidies doled out over the years. The sectors putting on this lacklustre show...

BB warns of fraud in Fintech services

BB warns of fraud in Fintech services

Siddique Islam 2019-02-14 09:24:22

Bangladesh's payment service providers will have to take prompt remedial measures against frauds and forgery for ensuring public confidence in the financial system, the central bank has said. Cross...

US public debt reaches record high

US public debt reaches record high

-- 2019-02-13 20:58:48

The US public debt has reached a record high of more than 22 trillion US dollars, according to data released by the US Treasury Department. Total outstanding public debt stands at $22.01 trillion as...

China, India make planet leafier

China, India make planet leafier

-- 2019-02-13 17:20:13

China and India, two of the world's biggest polluters, are making it leafier - for now, a report says. The greening effect stems mainly from ambitious tree-planting in China and intensive farming in...

Bangladesh, UAE to sign two agreements

Bangladesh, UAE to sign two agreements

-- 2019-02-13 16:46:24

Bangladesh and the United Arab Emirates (UAE) will sign two investment-related deals during Prime Minister Sheikh Hasina’s three-day visit to the Middle Eastern nation, starting on Feb 17. &ldq...

Self-driving cars learning to predict pedestrian movement

Self-driving cars learning to predict pedestrian movement

-- 2019-02-13 14:42:04

Researchers at the University of Michigan (UM) are teaching self-driving cars to recognise and predict pedestrian movements with greater precision by zeroing in on humans' gait, body symmetry and foot...

Singapore retail sales decline 6pc in Dec 2018

Singapore retail sales decline 6pc in Dec 2018

-- 2019-02-12 15:46:51

Singapore's retail sales decreased by 6.0 per cent year on year (y/y) in December 2018, compared to a 2.4 per cent decrease in November, the Department of Statistics of Singapore said Tuesday. The re...

Venture capital firm uses AI to seek out start-ups across Europe

Venture capital firm uses AI to seek out start-ups across Europe

-- 2019-02-12 15:04:00

A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fun...

Proposed KEZ set to get licence

Proposed KEZ set to get licence

Saif Uddin 2019-02-12 10:37:15

The proposed Kishoreganj Economic Zone (KEZ), a venture of Nitol Niloy Group, is set to obtain licence from the authorities concerned, officials related with the development have said. The zone wou...

Malaysia's IPI increases 3.1pc y/y in 2018

Malaysia's IPI increases 3.1pc y/y in 2018

-- 2019-02-11 16:54:02

Malaysia's Industrial Production Index (IPI) increased 3.1 per cent year-on-year (y/y) in 2018, supported by the expansion of manufacturing and electricity sector, official statistics showed on Monday...

BD among least cyber-secure countries

BD among least cyber-secure countries

FE Report 2019-02-11 09:37:52

Bangladesh has been found the sixth least cyber-secure among 60 countries covered in a study. Around 35.91 per cent mobile phones and 19.07 per cent computers of the country were attacked by malwar...

VAT collection hits record high at DITF

VAT collection hits record high at DITF

-- 2019-02-10 19:44:34

In the month-long Dhaka International Trade Fair (DITF), a record amount of Tk 70 million was collected as value added tax (VAT). The DITF ended on Saturday which witnessed an average VAT collection...

Russia aims to land astronauts on moon in 2031

Russia aims to land astronauts on moon in 2031

-- 2019-02-10 13:05:59

Russia plans the country's first manned mission to the moon in 2031, RIA Novosti news agency reported Saturday, citing a document by the Russian Central Research Institute of Machine Building. The cr...

Scientists develop air-conditioning clothes

Scientists develop air-conditioning clothes

-- 2019-02-09 14:43:32

American scientists developed a fabric that can automatically regulate the amount of heat that passes through it, according to a study published recently in the journal Science. The study showed that...

IMF team to visit Sri Lanka February 15

IMF team to visit Sri Lanka February 15

-- 2019-02-09 13:04:15

Representatives of the International Monetary Fund (IMF) will visit Sri Lanka in next week to discuss the granting of 1.5 billion US dollar fund facility that was postponed due to the political crisis...

Savers walk a tightrope as NSC sales go online

Savers walk a tightrope as NSC sales go online

Arafat Ara 2019-02-09 10:55:15

Many savers find themselves in a difficult situation while purchasing national savings certificates (NSCs) via the newly-introduced online database system. Since many of them are not familiar with...

SoEs get bounty amid worries over default

SoEs get bounty amid worries over default

Jasim Uddin Haroon 2019-02-09 10:20:08

The pace of converting debts of state firms into equity picked up after the government implemented its new pay scale in 2015, officials said. So far, the government has converted over Tk 65 billion...