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The Financial Express

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China to set lower GDP growth target in 2019

China to set lower GDP growth target in 2019

-- 2019-01-11 12:53:36

China plans to set a lower economic growth target of 6-6.5 per cent in 2019 compared with last year’s target of “around” 6.5 per cent, policy sources told Reuters, as Beijing gears u...

No more rise in NPLs from now on: Kamal

No more rise in NPLs from now on: Kamal

FE Report 2019-01-11 10:11:03

Finance Minister AHM Mustafa Kamal said on Thursday non-performing loan (NPL) will not grow by even a single penny from today, rather it will reduce. He, however, said he would not go for action agai...

Scientists receive mysterious signals from deep galaxy

Scientists receive mysterious signals from deep galaxy

-- 2019-01-10 17:23:49

Astronomers have revealed details of mysterious signals emanating from a distant galaxy, picked up by a telescope in Canada. The precise nature and origin of the blasts of radio waves is unknown. Am...

India’s inflation in Dec likely hit record low

India’s inflation in Dec likely hit record low

-- 2019-01-10 11:49:42

India’s retail inflation in December is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed. Inflation likely co...

BB heist: Manila court jails ex-banker

BB heist: Manila court jails ex-banker

-- 2019-01-10 10:52:22

A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world’s largest cyber heists, in which $81 million was st...

WB revises GDP growth forecast to 7.0pc

WB revises GDP growth forecast to 7.0pc

FE Report 2019-01-10 09:59:27

The World Bank (WB) has projected a 7.0 per cent economic growth for Bangladesh in fiscal year (FY) 2018-19. The WB has also forecast a 6.8 per cent GDP (gross domestic product) growth for the countr...

BB report suggests better watch, risk management

BB report suggests better watch, risk management

Siddique Islam 2019-01-10 09:55:04

The central bank has emphasised improving financial intermediation efficiency by reducing the amount of classified loans in the banking system through better supervision and risk management. "&hellip...

Global GDP growth to slow to 2.9pc in 2019: WB

Global GDP growth to slow to 2.9pc in 2019: WB

-- 2019-01-09 14:40:45

Global economic growth is projected to slow to 2.9 per cent in 2019 from a downwardly revised 3.0 per cent in 2018 amid rising downside risks, the World Bank said on Tuesday. In its newly-released Gl...

Hyundai unveils concept for 'walking car'

Hyundai unveils concept for 'walking car'

-- 2019-01-09 13:15:27

Hyundai Motors has unveiled the concept for 'walking car' on legs, a small model of a car it says can activate robotic legs to walk at 3mph (5km/h) over rough terrain, at the CES technology fair in La...

Vietnam accuses Facebook of violating cybersecurity law

Vietnam accuses Facebook of violating cybersecurity law

-- 2019-01-09 11:54:08

Facebook has violated Vietnam’s new cybersecurity law by allowing users to post anti-government comments on the platform, state media said on Wednesday, days after the controversial legislation...

Mongla EPZ exports rise sixteen-fold in 10 years

Mongla EPZ exports rise sixteen-fold in 10 years

-- 2019-01-08 17:37:26

The exports from Mongla Export Processing Zone (EPZ) increased 16 times in the past 10 years. Investments also witnessed an eleven-fold rise, while about 4,500 people make a living in the zone. &ldq...

Govt to sign deal with WB to create quality jobs

Govt to sign deal with WB to create quality jobs

-- 2019-01-08 17:14:10

The World Bank will provide $250 million to support Bangladesh in strengthening its capacity to create more and better jobs for citizens, including women, youth and the vulnerable population. An offi...

Intel teams up with Facebook on AI chip

Intel teams up with Facebook on AI chip

-- 2019-01-08 10:42:15

US-based tech giant Intel said that it is working with Facebook to finish a new artificial intelligence chip in the second half of this year. The chips are Intel’s gambit to retain hold of a fa...

BoP deficit rises to $837m in July-Nov

BoP deficit rises to $837m in July-Nov

FE Report 2019-01-08 09:59:13

Bangladesh's overall balance of payment (BoP) recorded US$ 837 million deficit during the July-November period of this fiscal year (FY), 2018-19, over the corresponding period of the previous fiscal...

New finance minister sounds tough on loan defaulters

New finance minister sounds tough on loan defaulters

FE Report 2019-01-08 09:48:24

Newly-appointed Finance Minister AHM Mustafa Kamal asked the bankers on Monday to go tough on delinquent borrowers to help lower the size of non-performing loans (NPL). He told them to bring down the...

Nearly 9.0m British jobs could be lost by 2030

Nearly 9.0m British jobs could be lost by 2030

-- 2019-01-07 19:40:51

Nearly nine million British jobs are at risk from robots, with those working in retail, manufacturing and business support services most at risk, figures reveal. The rise of Artificial Intelligence i...

Wages may rise by 10pc in 2019: Survey

Wages may rise by 10pc in 2019: Survey

-- 2019-01-07 18:19:54

Companies may increase wages in Bangladesh by 10 percent in 2019, according to a survey by Mercer. The global consulting firm’s 2018 Bangladesh Total Remuneration Survey suggests the rise in sa...

Apple inks deal with Samsung to distribute iTunes shows

Apple inks deal with Samsung to distribute iTunes shows

-- 2019-01-07 15:15:04

Samsung Electronics says that it will add an app to its smart televisions in the coming months to let owners watch content bought on Apple's  iTunes service, a possible first sign Apple is look...

BD economy world’s 41st largest: Study

BD economy world’s 41st largest: Study

FE Online Desk 2019-01-07 13:35:37

Bangladesh is the 41st largest economy in the world in 2019, according to a UK-based think tank. It is up by twp steps from last year, when the country was ranked 43rd largest economy, the Centr...

Move on for cost-free remittance by expats

Move on for cost-free remittance by expats

FE Report 2019-01-07 09:33:13

A move is under way to facilitate sending of money back home free of cost by the Bangladeshi migrant workers. The Ministry of Finance (MoF) has prepared a concept paper on the issue. The government,...

'Bangladesh economy to enjoy happiest year in 2019'

'Bangladesh economy to enjoy happiest year in 2019'

-- 2019-01-06 21:49:58

The Global Economist Forum (GEF) has said the Bangladesh economy will enjoy one of the happiest years in 2019 in respect to economic freedom, which will help achieve above 7.5 per cent GDP growth. GE...

'Finance ministry to begin journey with new dimension'

'Finance ministry to begin journey with new dimension'

-- 2019-01-06 20:26:20

Planning Minister AHM Mustafa Kamal, who is going to take the charge of finance ministry, has said the Ministry of Finance would begin its journey from Monday with a new dimension. Mustafa Kamal also...

Sahara desert climate changes in every 20,000 years: Study

Sahara desert climate changes in every 20,000 years: Study

-- 2019-01-06 16:15:56

A study published recently in the journal Science Advances has shown that the Sahara desert and North Africa in general swing between wet and dry climates every 20,000 years. Researchers from Massach...

Furniture export up 40.56pc during first half of FY19

Furniture export up 40.56pc during first half of FY19

-- 2019-01-05 20:04:14

The export of furniture is getting a boost as it accounted for $33.72 million during the first six months (July-December) of the current fiscal year (FY19), which is 40.56 per cent higher than that of...

New Horizons begins hunt for distant moons

New Horizons begins hunt for distant moons

-- 2019-01-05 18:47:48

After studying a space rock some 4.0 billion miles (6.4 billion km) from Earth, NASA’s New Horizons spacecraft set off on a new hunt for moons in the solar system’s most distant edge, sear...

NBR plans expansion to raise revenue collection

NBR plans expansion to raise revenue collection

-- 2019-01-05 18:21:38

The National Board of Revenue (NBR) is planning to have own office buildings in every district to increase revenue collection by offering better customer services. The constructions will be done unde...

Chinese rover exploring far side of moon

Chinese rover exploring far side of moon

-- 2019-01-05 16:33:29

A Chinese robotic rover has got its wheels dirty after rolling off its landing craft and onto the lunar soil. The Chang'e-4 spacecraft touched down on the far side of the Moon at 10:26 Beijing time (...

China starts 6G research

China starts 6G research

-- 2019-01-05 14:44:05

Southeast University in eastern China's Jiangsu Province recently said that a team has begun to research 6G mobile networks. You Xiaohu, a professor with the university and the team leader, said they...

Germany′s 2018 unemployment hits record low

Germany′s 2018 unemployment hits record low

-- 2019-01-05 13:53:28

German unemployment rate in 2018 has fallen to a record low and the number of jobless people in December 2018 fell more than expected, the Federal Employment Agency (BA) has reported. The number of u...

Tax-GDP ratio not consistent with state of development

Tax-GDP ratio not consistent with state of development

Jasim Uddin Haroon 2019-01-05 09:47:24

The country's tax-GDP ratio continues to miss its target despite a fast-expanding economy. Policymakers and analysts across the globe use the tax-to-GDP ratio to compare tax receipts year on year. I...