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The Financial Express

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Asia to grow 6.5-6.9pc in 2018, 2019: ADB

Asia to grow 6.5-6.9pc in 2018, 2019: ADB

-- 2018-12-12 12:30:30

The ADB expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures. The Manila-based institution, the Asian Development Ban...

East Antarctica's glaciers are stirring

East Antarctica's glaciers are stirring

-- 2018-12-11 15:01:32

Nasa says it has detected the first signs of significant melting in a swathe of glaciers in East Antarctica. The region has long been considered stable and unaffected by some of the more dramatic cha...

Mexico to invest $30b in southern states

Mexico to invest $30b in southern states

-- 2018-12-11 13:18:36

Mexico will invest more than $30 billion (23.57 billion pounds) in its poor southern states over the next five years to boost the region economically, the country’s Foreign Minister Marcelo Ebra...

Banks' provisioning shortfall swells in nine months

Banks' provisioning shortfall swells in nine months

Siddique Islam 2018-12-11 09:30:27

Overall shortfall in provisioning against loans in the country's banking system swelled by over 20 per cent or Tk 13.60 billion during the first nine months of the year. The total amount of provision...

SoBs defy MoF order on public display of top defaulters’ list

SoBs defy MoF order on public display of top defaulters’ list

Syful Islam 2018-12-11 09:27:51

None of the state-owned banks (SoBs) and financial institutions have displayed the list of top loan defaulters on their notice boards and posted the same on websites, defying a directive of the minist...

Qatar Investment Authority accelerates investments in technology

Qatar Investment Authority accelerates investments in technology

-- 2018-12-10 17:16:42

The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments. QIA's CEO Mansour Ibrahim al-Mahm...

France’s GDP to grow 1.5 pc in 2018: Deputy FinMin

France’s GDP to grow 1.5 pc in 2018: Deputy FinMin

-- 2018-12-10 14:39:56

The growth domestic product (GDP) of France will grow 1.5 per cent this year, a slower-than-expected, the country’s deputy finance minister said on Monday. The GDP will grow at the weaker tha...

BD third among remittance-receiving  countries in South Asia

BD third among remittance-receiving countries in South Asia

-- 2018-12-09 19:38:54

Bangladesh has been ranked third among remittance-receiving countries in South Asia with a cash inflow of US$15.9 billion this year, according to a World Bank report. Moreover, the country became the...

Minister optimistic about 100pc ADP implementation in FY19

Minister optimistic about 100pc ADP implementation in FY19

-- 2018-12-09 17:36:00

Planning Minister AHM Mustafa Kamal is hopeful of achieving 100 per cent implementation rate of the Annual Development Programme (ADP) in the current fiscal year. The minister came up with the projec...

China sends probe to explore dark side of moon

China sends probe to explore dark side of moon

-- 2018-12-09 16:56:55

China on Saturday launched a first probe ever to explore the dark side of the Moon, marking another milestone in its ambitious space programme, reports Reuters citing official Xinhua News Agency. Th...

Election becomes a big investment: Debapriya

Election becomes a big investment: Debapriya

-- 2018-12-09 16:55:46

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Debapriya Bhattacharya has said eligible and honest candidates are not getting nominations as the election has become a big investment. He...

Jashore motor mechanic achieves glory with various inventions

Jashore motor mechanic achieves glory with various inventions

-- 2018-12-09 14:24:15

Mizanur Rahman Mizan, locally known as a motor mechanic, has turned out to be a very inspiring man as he achieved the national acclaim through inventions of new devices and machines. Mizan, who has a...

$500m WB loan to boost livestock, dairy production

$500m WB loan to boost livestock, dairy production

-- 2018-12-09 13:46:08

The World Bank (WB) has approved $500 million to improve livestock and dairy production in Bangladesh under the project titled ‘The Livestock and Dairy Development Project’. The lender...

India to hold top remittance-receiving country in 2018

India to hold top remittance-receiving country in 2018

-- 2018-12-09 12:24:25

India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping 80 billion US dollar back home, the World Bank has said. India is followed...

BD teams make it to Top 4

BD teams make it to Top 4

FE Report 2018-12-09 10:53:06

For the first time, two projects prepared by Bangladeshi teams have been named at the top four in two separate categories of National Aeronautics and Space Administration (NASA)'s international challe...

Scams cost banking sector Tk 225b in 10 yrs: CPD

Scams cost banking sector Tk 225b in 10 yrs: CPD

FE Report 2018-12-09 09:50:40

Experts at a seminar in the capital on Saturday called for finding ways to keep the banking sector away from "patronage politics". The central bank needs to come out of the grip of the government and...

Refrain from interfering in banking sector, CPD urges political parties

Refrain from interfering in banking sector, CPD urges political parties

-- 2018-12-08 19:01:27

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya on Saturday urged the political parties to pledge in their manifestos, to be announced for the 11th parliamentary...

China's export, import growth shrinks in November

China's export, import growth shrinks in November

-- 2018-12-08 14:50:38

China’s exports increased far less than expected in November, apparently indicating that slowing global demand outweighed any gains from a rush to ship goods to the United States ahead of a now-...

China launches two satellites for Saudi Arabia

China launches two satellites for Saudi Arabia

-- 2018-12-08 13:33:22

China launched two satellites for Saudi Arabia on a Long March-2D rocket from the Jiuquan Satellite Launch Center in northwest China at 12:12 pm on Friday. Each weighing 425 kg, the two low orbit rem...

'New generation entrepreneurs hold key to meeting challenges'

'New generation entrepreneurs hold key to meeting challenges'

FE Report 2018-12-08 10:23:19

The country should create new entrepreneurs, giving priority to knowledge and technology, experts said on Friday. To become a developed economy by 2041, there is no alternative to Bangladesh for fost...

NY Fed's involvement in reserve heist not yet proven: BFIU

NY Fed's involvement in reserve heist not yet proven: BFIU

Syful Islam 2018-12-08 10:00:01

Bangladesh is yet to find the Federal Reserve Bank of New York's involvement in the reserve heist though it plans to sue the US-based bank, a top official said on Friday. "We are yet to get anything...

Kurigram boy invents awareness device for cars

Kurigram boy invents awareness device for cars

-- 2018-12-07 16:25:34

A talented young student of Kurigram Polytechnic Institute has come up with a novel invention that can put a check on reckless driving on the country's roads induced by drug or alcohol abuse, and even...

Producing fuel from plastic

Producing fuel from plastic

-- 2018-12-07 13:58:01

A rural youth lacking higher education and enduring various odds has embarked on a successful mission of innovating an environment-friendly technology of generating fuel from plastic wastes such as po...

Japan household spending unexpectedly falls in Oct

Japan household spending unexpectedly falls in Oct

Reuters 2018-12-07 13:15:23

Japan’s household spending unexpectedly fell in October and real wages slipped for a third straight month, adding to concerns about the strength of the economy as global trade frictions cloud...

US trade deficit hits 10-year high in October

US trade deficit hits 10-year high in October

-- 2018-12-07 11:58:48

US trade deficit widened for a fifth consecutive month and reached a 10-year high in October, the government reported Thursday. The total trade gap increased 1.7 per cent to 55.5 billion US dollars i...

BB drafts law to recognise 'movables' as collateral

BB drafts law to recognise 'movables' as collateral

Jasim Uddin Haroon 2018-12-07 09:58:03

The central bank has drafted a law meant to recognise movable properties as collaterals against loans from the banking system. The Bangladesh Bank has already posted the draft on its official website...

BB's forex support rises to $1.0b so far this fiscal

BB's forex support rises to $1.0b so far this fiscal

Siddique Islam 2018-12-07 09:37:26

The central bank has so far sold nearly US$1.0 billion this fiscal year directly to the commercial banks for settling their import payment obligations, officials said. "We're providing such foreign c...

Economic activities slow as pre-polls uncertainties loom

Economic activities slow as pre-polls uncertainties loom

Jubair Hasan 2018-12-07 09:33:29

Major economic activities, especially trade and investments, have slowed down in recent times as many investors are adopting a go-slow policy in their new and expansion plans ahead of the national ele...

Google targets Europe for delivery via drones

Google targets Europe for delivery via drones

-- 2018-12-06 14:40:38

Google's parent company, Alphabet, will test its drone delivery service in Finland next year, it has announced. Helsinki will be the first European location for Wing, which has been testing drones in...

Laos to export over 14,000 MW of electricity by 2030

Laos to export over 14,000 MW of electricity by 2030

-- 2018-12-06 13:30:18

Laos' electricity exports will hit 14,600 MW by 2030, the country’s Energy and Mines Minister Khammany Inthirath, said. He said at the 6th Ordinary Session of National Assembly's 8th Legislatu...