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China moves to boost liquidity amid US trade war

China moves to boost liquidity amid US trade war

-- 2018-10-08 12:38:10

China will cut the amount of cash banks must hold in reserve as part of efforts to support its economy, amid an escalating trade war with the US. The move will see 750bn yuan ($109bn; £83bn) in...

Eighth Five-Year Plan: Govt won't seek donors' help

Eighth Five-Year Plan: Govt won't seek donors' help

Mehdi Musharraf Bhuiyan 2018-10-08 10:31:39

The government has no plan to seek donors' assistance in formulating the upcoming Eighth Five-Year Plan, officials concerned said on Sunday. Development partners have shown their interest in lending...

Muhith sees capital market as a tool to boost investment

Muhith sees capital market as a tool to boost investment

FE Report 2018-10-08 09:42:43

Finance Minister A M A Muhith has expressed the hope that the country's capital market would flourish in near future based on the foundation built over the last 25 years. "I do not say that a strong...

BB sells $45m to banks to steady forex market

BB sells $45m to banks to steady forex market

Siddique Islam 2018-10-08 09:30:50

The central bank of Bangladesh again lent its foreign exchange support last week through selling US dollars to banks aiming to keep the market stable, officials said. The Bangladesh Bank (BB) sold $4...

Bangladesh 5th largest internet using country in Asia

Bangladesh 5th largest internet using country in Asia

-- 2018-10-07 17:22:45

Bangladesh has been ranked fifth largest internet using country in Asia, according to recent data released by the Internet World Stats.  There were 0.1 million internet users in Bangladesh in 20...

Voyager 2 expected to enter interstellar space

Voyager 2 expected to enter interstellar space

-- 2018-10-07 16:54:16

NASA's Voyager 2 spacecraft launched way back in 1977 when bell bottoms and disco were in style. All these decades later, the probe appears to be nearing a massive milestone: an entry into interstella...

Govt announces Tk 800m incentives for 700,000 farmers

Govt announces Tk 800m incentives for 700,000 farmers

-- 2018-10-07 16:26:45

The government has announced that it will provide small and subsistence farmers with about Tk 800 million in seeds and fertiliser to incentivise the production of 11 crops. A total of 690,970 farmers...

BD to miss SDG target at present pace of housing

BD to miss SDG target at present pace of housing

FE Report 2018-10-07 11:19:08

The overall housing situation of the country is poor compared to the pace of development with 6.0 million housing shortages, according to experts. They spoke of the government's lack of interest to t...

Transshipment deal with India likely this month

Transshipment deal with India likely this month

Mir Mostafizur Rahaman 2018-10-07 09:40:09

Bangladesh and India are expected to sign this month the much-talked-about transshipment agreement that would allow the latter to use Chittagong and Mongla ports to transport goods to its north-easter...

The indoor leafy veg farm that runs itself

The indoor leafy veg farm that runs itself

-- 2018-10-06 15:50:17

A farm in Silicon Valley which is capable of autonomously growing and picking leafy greens is about to be operational, reports BBC. For the last two and a half years, Iron Ox has been working on perf...

Myanmar economy to grow 7.4pc in FY 2018-19

Myanmar economy to grow 7.4pc in FY 2018-19

-- 2018-10-06 15:03:00

The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Myanmar's economy is expected to grow 7.4 per cent in this new fiscal year 2018-19 which started on October 1. The AMRO has recent...

$515m WB loan for fisheries, roads, forests

$515m WB loan for fisheries, roads, forests

-- 2018-10-06 14:00:15

The World Bank (WB) has approved $515 million US dollar for three projects in Bangladesh to improve coastal and marine fisheries, forest management, and rural roads. These financings will help rural...

Real estate business expects boom-time

Real estate business expects boom-time

FE Report 2018-10-06 10:16:27

The country's real estate business is expecting a boom-time due to a possible rise in demand fuelled by home loans for public servants at single digit interest rates. Stable political situation and...

French researcher develops touch-sensitive robotic finger for smartphones

French researcher develops touch-sensitive robotic finger for smartphones

-- 2018-10-05 18:22:52

A touch-sensitive robotic finger that can be attached to smartphones has been developed by a researcher in France. The MobiLimb finger can crawl across the desk, waggle for attention when messages ar...

Cadillac tops in semi-automated driving test

Cadillac tops in semi-automated driving test

-- 2018-10-05 15:23:40

General Motors Co’s Cadillac outscored industry rivals in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday. The highly influential non-pr...

US jobless rate likely to fall 18-year low

US jobless rate likely to fall 18-year low

-- 2018-10-05 14:44:57

The jobless rate in United States is expected to fall to an 18-year low of 3.8 per cent as the economy likely created jobs at a brisk clip in September, signaling a further tightening in labour mark...

Japan household spending jumps in Aug

Japan household spending jumps in Aug

-- 2018-10-05 14:18:39

Japan’s household spending jumped in August as bigger bonuses boosted consumption, suggesting that robust domestic demand could help offset the ill effects of escalating trade frictions. The sp...

London aluminium eyes biggest weekly gain

London aluminium eyes biggest weekly gain

-- 2018-10-05 14:04:57

London aluminium held steady on Friday as worries over an alumina shortage stoked expectations of cost inflation, sending prices towards the biggest weekly gain in nearly six months. London Metal Exc...

India proposes six new river routes in transit protocol

India proposes six new river routes in transit protocol

Syful Islam 2018-10-05 13:16:43

The neighbouring India has proposed including six new river routes in the Protocol on Inland Water Transit and Trade (PIWTT) to facilitate Indo-Bangla trade further through waterways, officials said....

Women’s participation in e-GP low: Experts

Women’s participation in e-GP low: Experts

FE Report 2018-10-05 11:59:38

The rate of participation of women entrepreneurs in government purchase is disturbingly low, thus obstructing inclusive growth and women empowerment, experts said. The government procures about Tk 3....

BB sees growth, inflation outlook stable in FY '19

BB sees growth, inflation outlook stable in FY '19

Siddique Islam 2018-10-05 09:44:51

The central bank assumes that political tensions centring on next general election in the country will be insignificant and hence economic growth and inflation are likely to remain stable in the curre...

Netflix eats up 15pc of world’s internet traffic

Netflix eats up 15pc of world’s internet traffic

-- 2018-10-04 19:47:49

Video streaming service Netflix is the world's most data-hungry application, consuming 15 per cent of global net traffic, according to research from bandwidth management company Sandvine. Video in ge...

Toyota, SoftBank merge to develop self-driving car services

Toyota, SoftBank merge to develop self-driving car services

-- 2018-10-04 14:28:00

Toyota Motor Corp and SoftBank Group Corp said they will team up to develop car services that rely on self-driving technology, such as hospital shuttles, as they envision a future in which fewer peopl...

Turkey's inflation reaches near 25pc

Turkey's inflation reaches near 25pc

-- 2018-10-04 13:26:27

The annual inflation rate of Turkey jumped to almost 25 per cent in September amid a currency turmoil that has fueled an increase in prices, official data has showed. The consumer prices index (CPI)...

Govt aims to cut poverty by 1.8pc per year: Muhith

Govt aims to cut poverty by 1.8pc per year: Muhith

-- 2018-10-03 20:56:13

Finance Minister Abul Maal Abdul Muhith on Wednesday said that government has set a target to reduce the rate of poverty by 1.6 to 1.8 per cent a year through inclusive economy. "The government's pol...

BD will be the 26th largest economy in 2030: HSBC

BD will be the 26th largest economy in 2030: HSBC

FE Online Report 2018-10-03 15:47:05

Bangladesh is likely to make the biggest jump in the global rankings of the size of the economies by the next 12 years, according to a long-term projection of the HSBC Global Research. The country&...

Instagram suffers global outage

Instagram suffers global outage

-- 2018-10-03 14:14:53

Facebook Inc’s Instagram app was down on Wednesday for some users across several cities around the world, including London, San Francisco, and Singapore. Facebook and Instagram were not immedia...

Spain tourism arrivals fall 1.9pc in August

Spain tourism arrivals fall 1.9pc in August

-- 2018-10-03 12:40:05

The number of foreign tourists visiting Spain in August has fallen, a 1.9 per cent decrease year-on-year, the National Institute of Statistics (INE) has reported. A total of 10.2 million internationa...

Bangladesh to hold talks with Dubai firm for LPG terminal

Bangladesh to hold talks with Dubai firm for LPG terminal

Reuters 2018-10-03 11:53:20

Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up an liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday. “E...

Experts blame BB for inadequate channelling of green financing

Experts blame BB for inadequate channelling of green financing

FE Report 2018-10-03 10:52:06

Channelling of green financing in Bangladesh remains largely inadequate, as the central bank's approach in this regard is hardly bearing any result, experts said at a seminar in the capital on Tuesday...