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The Financial Express

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17pc remittance comes from Saudi Arabia in FY18

17pc remittance comes from Saudi Arabia in FY18

-- 2018-07-27 19:01:43

Bangladeshi expatriates living in the Kingdom of Saudi Arabia (KSA) sent over 17 per cent, or US$2,591.58 million of the total inflow of remittance $14,978.86 million in the outgoing fiscal 2017-18 (F...

Taiwan economic growth likely to slow in Q2

Taiwan economic growth likely to slow in Q2

-- 2018-07-27 16:55:54

The economic growth of Taiwan is likely to slow in the second quarter (Q2) amid trade tensions between the United States and China, according to Reuters poll. The median forecast in a Reuters poll...

Google warns of bias in facial recognition

Google warns of bias in facial recognition

-- 2018-07-27 13:08:24

Facial recognition technology does not yet have "the diversity it needs” and has “inherent biases”, a top Google executive has warned. The remarks, from the firm’s director of...

'Blood moon' to appear today

'Blood moon' to appear today

-- 2018-07-27 13:04:56

A blood moon will appear in the night sky around much of the world on Friday night (today) as the moon moves into the shadow of the earth for the longest lunar eclipse of the 21st Century. The total...

Country opens centre to test software quality

Country opens centre to test software quality

-- 2018-07-27 12:56:46

The government has set up a centre to test software quality, a move hailed as ‘another step forward by Digital Bangladesh’ initiative. Prime Minister’s ICT Affairs Adviser Sajeeb Wa...

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

-- 2018-07-26 18:06:12

The Asian Development Bank's (ADB) Board of Directors has approved a new long-term corporate strategy -- Strategy 2030 -- that sets out the institution's broad vision and strategic response to the evo...

Egypt's budget deficit narrows to 9.8pc

Egypt's budget deficit narrows to 9.8pc

-- 2018-07-26 16:51:51

Egypt’s budget deficit for the 2017-2018 fiscal year was 9.8 per cent of gross domestic product (GDP), down from 10.9 per cent the previous year. Egypt achieved a primary fiscal surplus for t...

Appier gets first chief artificial intelligence scientist

Appier gets first chief artificial intelligence scientist

FE Desk 2018-07-26 13:09:05

Appier, a leading artificial intelligence (AI) company, has appointed Dr. Min Sun as its first chief artificial intelligence scientist. It made the announcement in a Media OutReach-forwarded statemen...

WB mission in town to discuss $750m budgetary credit line

WB mission in town to discuss $750m budgetary credit line

FHM Humayan Kabir 2018-07-26 10:17:47

The World Bank (WB) has decided to provide US$ 750 million in budgetary support after fielding a mission in Dhaka to discuss the potential lending, officials said on Wednesday. Officials said a...

India to hold top spot for economic growth: Poll

India to hold top spot for economic growth: Poll

-- 2018-07-26 09:50:27

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside ri...

Scientists find evidence of liquid water on Mars

Scientists find evidence of liquid water on Mars

-- 2018-07-25 21:13:56

Researchers have found evidence of an existing body of liquid water on Mars, reports BBC. What they believe to be a lake sits beneath the Red Planet's south polar ice cap, and is about 20km across....

Minister asks DCs to promote domestic tourism

Minister asks DCs to promote domestic tourism

-- 2018-07-25 19:47:18

Civil Aviation and Tourism Minister AKM Shahjahan Kamal has directed the deputy commissioners (DC) to take initiatives for setting up new spots for tourists. Shahjahan Kamal gave the directives durin...

BB sets Tk 218b farm credit target for FY’19

BB sets Tk 218b farm credit target for FY’19

FE Report 2018-07-25 16:15:51

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19. The loan was estimated to be nearly 7.0 pe...

Facebook using AI to counter fake news

Facebook using AI to counter fake news

-- 2018-07-25 14:04:13

Facebook officials has said the company is using a range of techniques including artificial intelligence to counter Russian operatives or others who use deceptive tactics and false information to mani...

BB eases rules to attract dollar deposits

BB eases rules to attract dollar deposits

FE Report 2018-07-25 10:28:20

The central bank has relaxed regulations, allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency rates to encourage savings in such accounts. Eurocurren...

'1,000,000pc inflation' to hit Venezuela in 2018

'1,000,000pc inflation' to hit Venezuela in 2018

-- 2018-07-24 15:00:51

Venezuela’s inflation rate is likely to top 1,000,000 per cent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to become one of the worst hyperinflationary...

UK plans to spend billions on full-fiber network broadband

UK plans to spend billions on full-fiber network broadband

-- 2018-07-24 14:39:30

Britain could pay for the roll out of full-fiber broadband to its most remote regions with up to $6.6 billion of public money to tackle its position at the bottom of the European league for “gol...

Internet of people making a difference  for decentralisation and censorship   

Internet of people making a difference for decentralisation and censorship  

FE Online Desk 2018-07-24 14:10:23

The Internet of People (IoP) says it is creating a new internet allowing for decentralisation and censorship around the world. Thus it is helping everyone connect and do business free from censorship...

Global raters air concern over state banks' health

Global raters air concern over state banks' health

FE Report 2018-07-24 10:10:58

Three global ratings agencies have identified poor governance standards and weak financial health as risk factors for the Bangladesh's banking sector, particularly for public banks. The agencies -Moo...

Japan places dos necessary to execute JICA projects expeditiously

Japan places dos necessary to execute JICA projects expeditiously

FHM Humayan Kabir 2018-07-24 09:54:01

Japan has urged Bangladesh to conduct feasibility studies properly before it takes up development projects to avoid cost and time overrun, officials said on Monday. Bangladesh's largest bilateral dev...

Private sector credit growth exceeds target in June

Private sector credit growth exceeds target in June

Siddique Islam 2018-07-23 10:27:25

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said. The growth in credit flow to private sector came...

'Trade tensions posing increased risk to global growth'

'Trade tensions posing increased risk to global growth'

-- 2018-07-22 19:38:34

Finance ministers and central bankers from the world’s largest economies have said heightened trade and geopolitical tensions  are posing an increased risk to global growth. They have call...

Use ADR to overcome troubled loan situation

Use ADR to overcome troubled loan situation

FE Report 2018-07-22 15:02:08

Businesses and professionals raised concern on Saturday over the growing volume of non-performing loans (NPLs), which could jeopardise the economic health of the country. To overcome the unpleasant s...

Scientists develop flexible micro-batteries for super performance

Scientists develop flexible micro-batteries for super performance

-- 2018-07-22 15:01:38

Chinese scientists have developed flexible micro-batteries with high energy density and steady performance under extraordinary high-temperature, the Chinese Academy of Sciences (CAS) announced recentl...

China-funded projects in slow lane on land acquisition delays

China-funded projects in slow lane on land acquisition delays

Mir Mostafizur Rahaman 2018-07-22 10:22:15

Bureaucratic tangle and slow land acquisition have delayed the progress of eight China-funded government to government (G2G) projects. Infrastructure projects like Multilane Road Tunnel under the R...

Banks exceed ADR on higher than targeted private credit flow

Banks exceed ADR on higher than targeted private credit flow

FE Report 2018-07-22 09:58:02

Higher than targeted private sector credit growth compared to deposits is believed to be the key reason for exceeding the advances-deposits ratio (ADR) by private banks. This was revealed in a study...

Argentina 'unequivocally' making fiscal progress: IMF

Argentina 'unequivocally' making fiscal progress: IMF

Reuters 2018-07-22 09:54:06

Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund (IMF) program, Fund Managing Director Christine Lag...

Facebook to launch own internet satellite in 2019

Facebook to launch own internet satellite in 2019

-- 2018-07-21 20:59:30

Facebook wants to launch its own Internet satellite, Athena, early in 2019 as part of its plan to connect billions of people who are still offline. The social media giant appears to have filed an app...

First-ever baby snake fossil gives insight into lost world

First-ever baby snake fossil gives insight into lost world

-- 2018-07-21 19:01:00

The fossil of a baby snake has been discovered entombed inside amber. The creature has been frozen in time for 99 million years. The snake lived in what is now Myanmar, during the age of the dinosau...

NBR moves to bring more people under tax net

NBR moves to bring more people under tax net

-- 2018-07-21 18:50:20

In an effort to expand country's narrow tax base, the National Board of Revenue (NBR) has moved to gather 'secondary data' of potential new taxpayers. In a country of over 160 million (16 crore) popu...