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US budget deficit expands to $100b in Oct

US budget deficit expands to $100b in Oct

-- 2018-11-14 12:42:18

The US federal government recorded a budget deficit of 100.5 billion US dollars in October, the first month of the government's fiscal year 2019, the Treasury Department said Tuesday. That's a 59 per...

WB budgetary support: BD likely to get $250m this fiscal

WB budgetary support: BD likely to get $250m this fiscal

FHM Humayan Kabir 2018-11-14 12:39:54

The government has recently completed negotiations with the World Bank (WB) over US$750 million budgetary support credit to narrow its fiscal deficit, officials said on Monday. Within this fiscal yea...

Muhith wants taxpayers’ number to reach 40m

Muhith wants taxpayers’ number to reach 40m

FE Report 2018-11-14 12:39:07

Income tax fair has begun in all divisional headquarters, four districts and seven upazilas. Finance Minister AMA Muhith inaugurated the weeklong tax fair Tuesday at city's Officers' Club premises on...

Experts sceptical of attaining SDGs by 2030

Experts sceptical of attaining SDGs by 2030

FE Report 2018-11-11 09:50:03

Experts at a seminar on Saturday expressed scepticism about achieving the sustainable development goals (SDGs) by the country within the stipulated timeframe. They listed a number of factors that mig...

ACM-ICPC programming contest begins at DIU

ACM-ICPC programming contest begins at DIU

-- 2018-11-10 18:17:39

A daylong programming contest began at the Shawadhinata Milonayoton of Daffodil International University campus at Ashulia on Saturday. As part of the selection of two teams for the ACM International...

Scientists develop single device to collect heat, coldness

Scientists develop single device to collect heat, coldness

-- 2018-11-10 13:31:07

American and Chinese scientists developed a single device that can collect heat from the sun and coldness from the outer space simultaneously. The study published on Thursday in the journal Joule des...

Apple finds quality problems in some iPhone X, MacBook models

Apple finds quality problems in some iPhone X, MacBook models

-- 2018-11-10 13:28:16

Apple Inc said it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge. The repair offers are the latest in a strin...

Mexico's industrial activity grows 1pc in Sept

Mexico's industrial activity grows 1pc in Sept

-- 2018-11-10 12:43:18

Mexico's industrial activity grew 1.0 per cent in September compared to August, its largest increase in nine months, the National Institute of Statistics and Geography (Inegi) has said. The growth...

Govt plans reforms in NBR to boost revenue collection

Govt plans reforms in NBR to boost revenue collection

-- 2018-11-10 10:49:51

The government has taken an initiative to bring infrastructural reforms in the Internal Resources Division (IRD) and create new units at the National Board of Revenue (NBR) to boost revenue collection...

Dhaka to seek $4.0b more under IDA-18 package

Dhaka to seek $4.0b more under IDA-18 package

FHM Humayan Kabir 2018-11-10 10:02:21

Bangladesh will seek US$4.0 billion more funds from the World Bank (WB) the global lender's replenishment meeting next week in Zambia, officials have said. Besides, it will request the Washington-ba...

China unveils AI news presenter

China unveils AI news presenter

-- 2018-11-09 18:24:38

China's state news agency has unveiled a virtual newsreader sporting a sharp suit and a somewhat robotic voice. Xinhua News claims the presenter "can read texts as naturally as a professional news an...

July-Oct remittance up by 12.17pc

July-Oct remittance up by 12.17pc

-- 2018-11-09 16:54:26

Expatriate Bangladeshis sent US$5,108 million remittances during the first four months of the current fiscal 2018-19 (FY19), which is 12.17 per cent higher than that of the previous fiscal, a Banglade...

Myanmar eases restrictions on foreign bank lending

Myanmar eases restrictions on foreign bank lending

Reuters 2018-11-09 15:33:57

Myanmar’s central bank has announced new rules allowing foreign banks to lend to local businesses, bringing further reforms to the country’s stunted banking sector. In a letter signed by...

Experts, planners air concern over unplanned urbanisation

Experts, planners air concern over unplanned urbanisation

FE Report 2018-11-09 15:02:55

Urban experts and planners at a seminar in the city have expressed concern over the trend of unplanned urbanisation and blamed personal interests, non-implementation of the plans that remain only in p...

Govt borrowing from savings tools rises in Q1

Govt borrowing from savings tools rises in Q1

FE Report 2018-11-09 11:38:22

The government's net borrowing from state-owned savings instruments increased by more than 5.0 per cent in the first quarter (Q1) of the ongoing fiscal year compared to that of the previous fiscal, of...

Fed holds interest rates steady

Fed holds interest rates steady

-- 2018-11-09 11:30:29

The US Federal Reserve on Thursday left key interest rates unchanged, in line with market expectations, keeping the central bank on track to have one more rate hike in December. The Fed decided to...

Collectors' behaviour keeps people from paying taxes

Collectors' behaviour keeps people from paying taxes

FE Report 2018-11-09 09:57:34

Speakers at a dialogue on Thursday underscored the need for mobilising increased domestic resources and proper utilisation of foreign aid for development financing. They said though Bangladesh attain...

Samsung unveils folding smartphone

Samsung unveils folding smartphone

-- 2018-11-08 16:59:52

Samsung has unveiled a folding handset at an event in San Francisco. It described its Infinity Flex Display as "the foundation of the smartphone of tomorrow" and said it intended to start production...

Australia launches $1.5b infrastructure fund for Pacific

Australia launches $1.5b infrastructure fund for Pacific

-- 2018-11-08 13:28:28

Australia will offer Pacific countries up to 3.0 billion Australian dollar (USD 2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday. Austra...

BIMSTEC to push for free trade

BIMSTEC to push for free trade

FE Report 2018-11-08 12:17:26

Free trade issue and cooperation on customs matters will figure prominently in a two-day meeting of the BIMSTEC trade negotiating committee beginning in Dhaka on November 18, officials said. Other is...

NBR exempts BSC from VAT on buying six Chinese ships

NBR exempts BSC from VAT on buying six Chinese ships

Doulot Akter Mala 2018-11-08 11:36:27

The National Board of Revenue (NBR) has exempted the Bangladesh Shipping Corporation (BSC) from paying Value Added Tax (VAT) on account of its purchase of six new ocean-going ships. Otherwise, the co...

Remittance inflow marks rise in Oct

Remittance inflow marks rise in Oct

-- 2018-11-07 20:42:08

The country's remittance inflow marked a rise in October after its decline in September this year. As per the statistics provided by the Bangladesh Bank, the country received $1.239 billion in remitt...

Facebook launches ‘Ad Breaks’ in Bangladesh

Facebook launches ‘Ad Breaks’ in Bangladesh

-- 2018-11-07 17:15:39

Facebook on Wednesday launched its ‘Ad Breaks’ facility in Bangladesh. Through the facility, eligible publishers and creators can now join ‘Ad Breaks’ and monetise their longe...

Gulf countries need to raise $300b by 2021: S&P

Gulf countries need to raise $300b by 2021: S&P

-- 2018-11-07 16:05:31

The GCC countries will need to raise about $300 billion(228.71 billion pounds) between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P....

University of Oxford to develop AI healthcare applications

University of Oxford to develop AI healthcare applications

-- 2018-11-07 14:33:19

The University of Oxford announced said that it will step up its efforts to develop artificial intelligence (AI) healthcare applications with funding support from public and private sectors, so as to...

$200m ADB loan for rural road network development

$200m ADB loan for rural road network development

FE Report 2018-11-07 14:06:42

The Asian Development Bank (ADB) will provide more than $200 million as credit to help improve rural road network for 51.5 million people in Bangladesh. The ADB Board of Directors gave approval to...

Remittance inflow rises by 12pc in first four months of FY'19

Remittance inflow rises by 12pc in first four months of FY'19

FE Report 2018-11-07 10:01:40

The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recen...

July-Oct export earnings stand at $13.65b

July-Oct export earnings stand at $13.65b

FE Online Report 2018-11-06 21:32:02

Export earnings from the country’s merchandise shipment during the first four months of current fiscal year (FY19) stood at $13.65 billion marking, an 18.65 per cent growth over the correspondin...

Euro zone business growth hits record low in Oct

Euro zone business growth hits record low in Oct

-- 2018-11-06 16:01:48

Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on T...

CBUAE expects 4.2pc GDP growth in 2019

CBUAE expects 4.2pc GDP growth in 2019

-- 2018-11-06 15:15:50

The Central Bank of the United Arab Emirates (CBUAE) expects gross domestic product (GDP) to grow by 4.2 per cent in 2019, up from a stronger-than-expected 2.8 per cent growth this year, its governor...