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Search results for: EC

Remittance inflow rises by 32pc in September

Remittance inflow rises by 32pc in September

-- 2018-10-02 21:47:11

Remittance inflow to Bangladesh increased about 32 per cent in September compared to the same period of previous year. According to latest Bangladesh Bank statistics, the expatriate Bangladeshis sent...

Move to restore navigability of four rivers

Move to restore navigability of four rivers

-- 2018-10-02 18:57:15

The government plans to restore navigability of Old Brahmaputra, Dharla, Tulai and Punorbhoba rivers by June 2024 with an aim to ensure smooth and safe plying of river vessels. The Executive Committe...

Regulator fines Tesco Bank £16.4m over cyber-attack

Regulator fines Tesco Bank £16.4m over cyber-attack

-- 2018-10-02 17:20:42

Tesco Bank has been fined £16.4 million by the UK financial regulator for failings surrounding a cyber-attack on its customers in November 2016. The Financial Conduct Authority (FCA) said the b...

CBSL keeps rates steady despite pressure on rupee

CBSL keeps rates steady despite pressure on rupee

-- 2018-10-02 16:05:54

The Central Bank of Sri Lanka (CBSL) has surprised financial markets by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency. Policymakers have struggled to defend the...

World Bank forecasts 7.0pc growth for Bangladesh in FY19

World Bank forecasts 7.0pc growth for Bangladesh in FY19

-- 2018-10-02 15:51:05

The World Bank has forecast a growth rate of 7.0 per cent for Bangladesh this fiscal year on the back of robust private investment, increased exports and remittance inflows. The projection is lower t...

BB concerned over upward non-food inflation, inflation expectations 

BB concerned over upward non-food inflation, inflation expectations 

FE Online Report 2018-10-02 14:16:41

Rising non-food inflation and expectations for upward inflation may become the challenges for Bangladesh Bank to contain the overall inflationary pressure in the coming days. The latest quarterly rev...

Five more sectors may get incentives under PPP

Five more sectors may get incentives under PPP

Rezaul Karim 2018-10-02 09:55:31

Projects under five more sectors are likely to be made eligible for government incentives under the public-private partnership (PPP) initiative, officials said. The finance minister has recently aske...

India-born Harvard professor becomes chief economist of IMF

India-born Harvard professor becomes chief economist of IMF

-- 2018-10-01 21:09:04

The International Monetary Fund (IMF) has appointed Gita Gopinath as its chief economist. The IMF issued in a media release on Monday over the appointment of Gita Gopinath, who currently serves as th...

BASIS to celebrate 20 years of journey

BASIS to celebrate 20 years of journey

FE Report 2018-10-01 18:05:40

The Bangladesh Association of Software and Information Services (BASIS) is going to celebrate 20 years of its journey. The grand celebration events will kick off through ‘Youth Fest Amphitheatr...

IMF lifts UAE growth forecasts

IMF lifts UAE growth forecasts

-- 2018-10-01 15:43:36

The International Monetary Fund (IMF) has lifted its forecasts for economic growth in the United Arab Emirates (UAE) because of expectations that oil production and state spending will rise. The UA...

ADB approves new access to information policy

ADB approves new access to information policy

-- 2018-10-01 12:52:40

The board of directors of Asian Development Bank (ADB) has approved a new 'Access to Information Policy (AIP)' that aims to maintain the lender’s high standards of transparency. The AIP, whic...

CCA Foundation to launch cyber security awareness campaign tomorrow

CCA Foundation to launch cyber security awareness campaign tomorrow

FE Online Report 2018-09-30 13:31:33

Cyber Crime Awareness Foundation is set to launch a month-long cyber security awareness campaign across the country on Monday. To mark October as the National Cyber Security Awareness Month (NCS...

'Staggering flaws' in US voting machines

'Staggering flaws' in US voting machines

-- 2018-09-30 13:00:45

Voting machines pose "serious risks" to US security, hackers are warning. A report outlines major flaws in voting hardware, weeks before US mid-term elections. One ballot machine, used in 23 US stat...

Family debt lowest in 14 years: Global study

Family debt lowest in 14 years: Global study

Jasim Uddin Haroon 2018-09-30 10:14:19

The country's household debt as percentage of gross domestic product (GDP) has been shrinking over the years from its peak in 2005. The household debt means the purchase of residential property and...

Honk Kong researcher diagnoses first case of rat disease in human

Honk Kong researcher diagnoses first case of rat disease in human

-- 2018-09-29 18:17:09

For the first time, a case of rat hepatitis E has been discovered in a human in Hong Kong. A 56-year-old man has been diagnosed with the disease, researchers from the University of Hong Kong said. I...

Trade friction to hamper world economy: Expert

Trade friction to hamper world economy: Expert

-- 2018-09-29 14:19:01

The trade friction between China and the United States will lower the global economic growth rate and at the same time have a spillover effect on protectionism, a trade expert has said. "If one count...

Facebook security breach hits 50 million users

Facebook security breach hits 50 million users

-- 2018-09-29 11:57:34

Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potenti...

Green investment increases by 8.9pc in April-June quarter

Green investment increases by 8.9pc in April-June quarter

-- 2018-09-28 20:54:42

Investments in green initiatives have increased by 8.90 per cent at the end of April to June quarter of 2018 compared to the previous January to March period. According to Bangladesh Bank (BB), the t...

Japan industrial output rises 0.7pc in Aug

Japan industrial output rises 0.7pc in Aug

-- 2018-09-28 15:14:52

The industrial production in Japan increased in August from the previous month, marking the first rise in four months, the Ministry of Economy, Trade and Industry (METI) said in a report on Friday. T...

Google launches app for BD job seekers

Google launches app for BD job seekers

FE Report 2018-09-28 11:15:10

Google has introduced a new app called kormo aiming to help people find jobs and generate economic opportunities for everyone in the country. Kormo is an experimental job marketplace from Google's...

Ten cos to get 400 acres of land in EZs

Ten cos to get 400 acres of land in EZs

-- 2018-09-28 10:47:20

Prime Minister's Office (PMO) has permitted Bangladesh Economic Zones Authority (BEZA) to allocate 400 acres of land to 10 investors. The investors will invest a total of around US$ 1,981 million to...

ADB approves loan of $500m to upgrade primary education

ADB approves loan of $500m to upgrade primary education

FE Online Report 2018-09-27 19:15:36

The Asian Development Bank (ADB) has decided to give a loan of $500 million to upgrade the primary education sector of Bangladesh.   The approval came on Thursday at the Manila-based lending age...

Scientists find how brain encodes speech

Scientists find how brain encodes speech

-- 2018-09-27 15:13:26

American researchers have unlocked new information about how the brain encoded speech, moving closer to developing speech-brain machine interface that can decode the commands the brain is sending to...

Google turns 20

Google turns 20

-- 2018-09-27 14:15:36

The tech giant is celebrating its 20th birthday with a new Google Doodle marking the special occasion on Thursday. Founded 20 years ago, the company is marking the occasion with a Google Doodle aroun...

Fed raises US interest rates, sees at least three more years of growth

Fed raises US interest rates, sees at least three more years of growth

-- 2018-09-27 14:05:58

The US Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of gro...

IMF boosts bailout for crisis-hit Argentina

IMF boosts bailout for crisis-hit Argentina

-- 2018-09-27 10:54:25

The International Monetary Fund has agreed to provide a bigger, faster bailout to Argentina than initially planned in an effort to restore market confidence in the country. The IMF plans to boost its...

Govt targets 36.4m MT rice production in FY19

Govt targets 36.4m MT rice production in FY19

-- 2018-09-26 19:49:30

The government has set a target of producing at 36.4 million metric tonnes of rice (MT) in the current fiscal with an emphasis on high yielding variety. Officials said the Department of Agricultural...

Dhaka, Delhi agree on CEPA deal

Dhaka, Delhi agree on CEPA deal

-- 2018-09-26 15:06:45

Dhaka and New Delhi have agreed to forge the comprehensive economic partnership agreement (CEPA) to boost trade ties between the two neighbouring countries. Commerce Minister Tofail Ahmed and his Ind...

Trade war dims Asia's 2019 growth outlook: ADB

Trade war dims Asia's 2019 growth outlook: ADB

-- 2018-09-26 14:39:54

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the ADB said on Wednesday. Tightenin...

Qualcomm accuses Apple of stealing its secrets to help Intel

Qualcomm accuses Apple of stealing its secrets to help Intel

-- 2018-09-26 14:11:41

Qualcomm Inc accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel’s improved semiconductors, which may have cost...