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The Financial Express

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Japan plans to cut JGB issuance for 6th straight year

Japan plans to cut JGB issuance for 6th straight year

-- 2018-12-16 16:21:29

Japan plans to trim its annual government bond issuance by 3.6 per cent during the financial year beginning April 01, sources with direct knowledge of the plans told the news agency on Sunday, as part...

China pork prices may rise in 2019 due to swine fever

China pork prices may rise in 2019 due to swine fever

-- 2018-12-16 15:38:16

China’s pork prices are likely to climb in 2019 due to tight supply caused by the further spread of African swine fever, an official at the National Development and Reform Commission said in rem...

Shares of Qatar Aluminium surge above IPO price on debut

Shares of Qatar Aluminium surge above IPO price on debut

-- 2018-12-16 15:07:23

Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this y...

IMF ties Pakistan’s debt transparency to bailout deal

IMF ties Pakistan’s debt transparency to bailout deal

-- 2018-12-16 14:55:58

KARACHI: Pakistan’s debt transparency is an utmost prerequisite for a possible bailout package from the International Monetary Fund (IMF), a spokesperson of the Washington-based lender said, add...

State unaccountability can eclipse progress

State unaccountability can eclipse progress

-- 2018-12-16 14:02:18

Lack of accountability and governance in the state organs can fade Bangladesh's socio-economic progress in the coming years, experts warned on Saturday. To overcome this unpleasant reality that badly...

‘Rising costs’ of doing business cause concern

‘Rising costs’ of doing business cause concern

FE Report 2018-12-16 13:52:32

Business leaders and economists have expressed concern over the rising cost of doing business, reintroduction of higher interest rate and lack of skilled workforce to foster sustainable economic growt...

Two Qatar Visa Centre opens in Bangladesh

Two Qatar Visa Centre opens in Bangladesh

-- 2018-12-16 13:03:04

Qatar has inaugurated two visa centres in Bangladesh, one in Dhaka and the other in Sylhet, as part of the state's efforts to facilitate and streamline procedures for bringing in expatriate workforce,...

Myanmar’s economy depends on Rakhines stability

Myanmar’s economy depends on Rakhines stability

-- 2018-12-16 12:38:59

Despite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say, according to a repor...

Trade war buoys apparel industry in Bangladesh, Vietnam

Trade war buoys apparel industry in Bangladesh, Vietnam

-- 2018-12-16 12:34:26

The trade spat between Washington and Beijing is providing a tailwind for garment production hubs like Bangladesh and Vietnam, as more companies move away from China to avoid US tariffs and sanctions,...

Nations agree global climate pact rules, set aside political divisions

Nations agree global climate pact rules, set aside political divisions

-- 2018-12-16 11:15:25

Nearly 200 countries overcame political divisions late on Saturday to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerou...

Cooch Behar wants to revive railway line to Bangladesh

Cooch Behar wants to revive railway line to Bangladesh

-- 2018-12-16 11:08:54

  A decision by the Indian central government to revive some of the old rail routes which used to connect India with Bangladesh has prompted residents of Cooch Behar to demand the restoration of...

Facebook reveals bug exposed millions of photos

Facebook reveals bug exposed millions of photos

-- 2018-12-15 13:55:38

Facebook has revealed that a software bug exposed the photos of up to 6.8 million users, including pictures they had not posted. It made the announcement a day after hosting its pop-up privacy experi...

China's home prices remain stable in Nov

China's home prices remain stable in Nov

-- 2018-12-15 13:22:13

Home prices in major Chinese cities largely remained stable in November as local governments toughened up control of the housing market, official data showed on Saturday. On a month-on-month basis, n...

NBFIs in tight corner

NBFIs in tight corner

Jubair Hasan 2018-12-15 10:08:56

The current effort to bring down lending and deposit rates has started putting pressure on non-banking financial institutions (NBFIs), sector insiders said. To comply with the directive, the non-bank...

ADB finds high reg, land costs key constraints

ADB finds high reg, land costs key constraints

Syful Islam 2018-12-15 09:54:40

The Asian Development Bank (ADB) has identified constraints such as weak legal enforcement in mortgage market, supply-side challenges, inadequate incentives, and rising construction cost that prevent...

Amazon deploys dummy parcels to catch thieves

Amazon deploys dummy parcels to catch thieves

-- 2018-12-14 17:01:18

Amazon has teamed up with police in the US in an effort to stop thieves who steal parcels left outside homes. Officers in New Jersey are planting dummy boxes fitted with GPS trackers, coupled with hi...

Germany's central bank slashes growth forecasts

Germany's central bank slashes growth forecasts

Reuters 2018-12-14 14:00:17

Growth in Germany, Europe’s biggest economy, will slow in the coming years, the Bundesbank said on Friday, cutting its forecasts in a biannual review after a string of disappointing data in rece...

US import, export price drop in Nov

US import, export price drop in Nov

-- 2018-12-14 12:17:09

US import and export prices both dropped in November, US Bureau of Labor Statistics (BLS) has said. The bureau said the import price saw the largest monthly drop since August 2015, while export price...

China's industrial output up 5.4pc in Nov

China's industrial output up 5.4pc in Nov

-- 2018-12-14 12:07:00

China's value-added industrial output, an important economic indicator, expanded 5.4 per cent year on year in November, official data showed Friday. The growth rate was 0.5 percentage points lower...

CPD's remarks politically motivated: Muhith

CPD's remarks politically motivated: Muhith

FE Report 2018-12-14 10:29:39

Finance Minister AMA Muhith on Thursday again trashed the remarks on plundering of Tk 225 billion from the banking sector in a decade, terming it politically motivated. "The information revealed by t...

WB okays $250m to create quality jobs in BD

WB okays $250m to create quality jobs in BD

-- 2018-12-13 17:09:12

The World Bank on Thursday approved a $250 million development policy operation to help the government of Bangladesh strengthen its capacity to create more, better-paid and quality jobs in a rapidly c...

Egypt's fiscal deficit to shrink to 6.4pc in FY 2019-20

Egypt's fiscal deficit to shrink to 6.4pc in FY 2019-20

-- 2018-12-13 15:04:39

Egypt's fiscal deficit will shrink to 6.4 per cent of GDP in 2019-20 fiscal year (FY) from 9.4 per cent in FY 2017-18, said a report by the official news agency MENA. The fiscal deficit is expected t...

Word processor pioneer Evelyn Berezin dies aged 93

Word processor pioneer Evelyn Berezin dies aged 93

-- 2018-12-13 14:33:18

The woman who created and sold what many recognise as the world's first word processor has died aged 93. Evelyn Berezin called the device the Data Secretary when, in 1971, her company Redactron launc...

NBR against tax waiver for SIMs used in MNP service

NBR against tax waiver for SIMs used in MNP service

Doulot Akter Mala 2018-12-13 09:51:01

The revenue board has strongly opposed the government's decision to waive the tax on SIMs used in MNP service. Reduction of SIM tax for mobile number portability (MNP) service may create the scope fo...

Arctic posts second warmest year on record in 2018

Arctic posts second warmest year on record in 2018

-- 2018-12-12 20:31:59

The Arctic had its second-hottest year on record in 2018, part of a warming trend that may be dramatically changing earth’s weather patterns, according to a report released on Tuesday by the US...

'No plans' to launch search engine in China: Google CEO

'No plans' to launch search engine in China: Google CEO

-- 2018-12-12 20:08:22

Google has “no plans” to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a US congressional panel on Tuesday amid increased...

Belated settlements of int’l payments hurt country’s image: ICCB President

Belated settlements of int’l payments hurt country’s image: ICCB President

FE Online Desk 2018-12-12 18:32:43

A number of commercial banks in Bangladesh do not make payments on time against letters of credit (L/C) despite having no discrepancy in the system. “This affects the country’s image to t...

‘BD takes the lead in piloting ICT programme’

‘BD takes the lead in piloting ICT programme’

-- 2018-12-12 17:59:27

Finance Minister Abul Maal Abdul Muhith on Wednesday said Bangladesh is one of the leading countries in the world in piloting digital programme. “We’ve started our journey a bit late in t...

MIT engineers develop effective water distilling device

MIT engineers develop effective water distilling device

-- 2018-12-12 15:02:44

American engineers at the Massachusetts Institute of Technology have developed a device with cheap optics that can soak up heat from sun to produce steam hotter than 100 degrees Celsius. The study pu...

First ever NRB engineers’ confce in Dhaka in Feb

First ever NRB engineers’ confce in Dhaka in Feb

FE Online Desk 2018-12-12 14:07:05

‘Bridge to Bangladesh’ is set to organize a conference of Non Resident Bangladeshi (NRB) engineers, which is the first of its kind in the history of Bangladesh, in Dhaka in upcoming Februa...