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Search results for: EC

Microcredit gains momentum

Microcredit gains momentum

FE Report 2018-07-16 10:39:32

The number of microcredit beneficiaries across the country rose significantly in one year to June 2016, according to the Microcredit Regulatory Authority (MRA) data. The total number of loan recipien...

Record govt servants to retire this FY

Record govt servants to retire this FY

Jasim Uddin Haroon 2018-07-16 09:54:29

A record number of public servants are set to go into retirement during the current fiscal year (FY), 2018-19. The government will require an amount estimated at Tk 260.47 billion to meet their pensi...

BD’s position drops in global innovation index

BD’s position drops in global innovation index

FE Online Report 2018-07-15 16:38:05

The position of Bangladesh in the latest global index of innovation has dropped by two steps. The country ranked 116th among 126 countries in the Global Innovation Index (GII)-2018 which is co-publis...

Students develop cheaper obstacle detector for the blind

Students develop cheaper obstacle detector for the blind

-- 2018-07-15 14:49:13

Students from China's Nanjing University of Aeronautics and Astronautics have developed an obstacle detector for the blind with much lower cost, Friday's Science and Technology Daily reported. The in...

Secondary trading slips by 62pc in FY ‘18

Secondary trading slips by 62pc in FY ‘18

FE Report 2018-07-15 10:29:41

Secondary trading of treasury bills and treasury bonds has dropped sharply during the last fiscal year, reflecting the lower demand for the government securities. Latest statistics with the central b...

Copper heads for fifth weekly loss

Copper heads for fifth weekly loss

-- 2018-07-14 21:38:03

LONDON, July 14 (Reuters): Copper headed for a fifth weekly loss on Friday as trade tensions between the United States (US) and China rumbled on, while aluminium hit a three-month low ahead of a summi...

Oil rises but declines for the week as supply concerns ease

Oil rises but declines for the week as supply concerns ease

-- 2018-07-14 21:36:32

NEW YORK, July 14 (Reuters): Oil prices rose about 1.0 per cent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan por...

Facebook will not remove fake news

Facebook will not remove fake news

-- 2018-07-14 21:14:29

Facebook says it will not remove fake news from its platform because it does not violate its community standards. The social network is currently running an advertising campaign in the UK that declar...

World's largest robot delivers first consignment of iron ore

World's largest robot delivers first consignment of iron ore

-- 2018-07-14 16:04:20

An autonomous train carrying 28,000 tonnes of iron ore has completed its maidan delivery in the Pilbara region of Western Australia, travelling over 280 kilometres from a mine in Tom Price to the Port...

BB asks banks to remain alert over import-export mismatch

BB asks banks to remain alert over import-export mismatch

FE Online Report 2018-07-14 13:10:46

Bangladesh Bank (BB) governor Fazle Kabir on Saturday called the public and private commercial banks to remain alert over the growing mismatch in the growth of import and export. He indicated that su...

India's trade deficit widens to $16.6b in May

India's trade deficit widens to $16.6b in May

-- 2018-07-14 12:20:51

India's trade deficit widened to more than five years of $16.6 billion in June, the trade ministry said on Friday, driven largely by a surge in oil prices and a weaker rupee. The trade deficit widene...

New exportables up for cash incentives

New exportables up for cash incentives

Rezaul Karim 2018-07-14 10:29:32

New eligible traditional and non-traditional export items are going to get cash incentive/subsidy this fiscal year (FY), 2018-19, sources said. The government has made the initiative to bring new p...

Procurement troubles plague execution of Indian LoC projects

Procurement troubles plague execution of Indian LoC projects

FHM Humayan Kabir 2018-07-14 09:20:33

Bangladesh and India recently sat together to review eight slow-moving projects under the Line of Credit (LoC) characterised by procurement complexities, officials said on Friday. Eight projects invo...

NBR software in the offing to check banks’ VAT evasion

NBR software in the offing to check banks’ VAT evasion

-- 2018-07-13 17:36:34

The National Board of Revenue (NBR) is going to install its own internet-based software in all the commercial banks, aiming to check the growing cases of VAT evasion at source. This software will in...

Singapore Q2 GDP growth slows on trade raw

Singapore Q2 GDP growth slows on trade raw

Reuters 2018-07-13 15:50:38

The economic growth of Singapore eased in the second quarter (Q2), preliminary data showed on Friday, as manufacturing activity cooled amid the ongoing US-China trade raw. Gross domestic product grew...

Japan exports likely to grow 7.0pc in June

Japan exports likely to grow 7.0pc in June

-- 2018-07-13 15:49:25

Japan’s exports likely grew 7.0 per cent from a year ago, thanks to global demand for semiconductors and electronic parts, a Reuters poll showed. The country is expected to report a solid growt...

Annual export to Canada crosses $1.10b again

Annual export to Canada crosses $1.10b again

FE Online Report 2018-07-13 15:46:06

Merchandise export to Canada from Bangladesh crossed $1.10 billion in the past fiscal year. Statistics available with the Export Promotion Bureau (EPB) showed that the export reached at $1.118 bill...

Bezos plans to charge $200,000 for a trip to space

Bezos plans to charge $200,000 for a trip to space

-- 2018-07-13 15:03:57

Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters news agency. Potential...

Peru's c bank holds rate again

Peru's c bank holds rate again

-- 2018-07-13 14:40:13

Peru’s central bank held the benchmark interest rate at 2.75 per cent for the fifth consecutive month on Thursday as expected. Citing recovering inflation and signs of more dynamic economic act...

Current account deficit crosses $9.0b in 11 months

Current account deficit crosses $9.0b in 11 months

FE Report 2018-07-13 10:04:45

The country's current account deficit crossed $ 9.0 billion in the first eleven months of the fiscal year just gone by, the central bank said. Bangladesh Bank data showed that the current account def...

Govt’s bank borrowing balloons as ADP execution revs up

Govt’s bank borrowing balloons as ADP execution revs up

Siddique Islam 2018-07-13 09:47:54

The government's net borrowing from the banking system marked an abrupt jump in the last week of June, driven by demand from development projects. Such borrowing was at a negative level, amounting to...

FY '18 foreign aid flow up by 66pc

FY '18 foreign aid flow up by 66pc

FHM Humayan Kabir 2018-07-13 09:38:32

The flow of foreign aid into Bangladesh surged by a whopping 66 per cent to a record US$6.12 billion during the last fiscal year (FY), the government said. During FY 2016-17, foreign development part...

Scientists find evidence of earliest human life in China

Scientists find evidence of earliest human life in China

-- 2018-07-12 19:31:56

Scientists say they've found the earliest known evidence of a human presence outside Africa. Stone tools discovered in China suggest primitive humans - or a close relative - were in the region as ear...

Canada raises interest rate amid trade row

Canada raises interest rate amid trade row

-- 2018-07-12 13:11:11

The Bank of Canada announced Wednesday it was raising the benchmark interest rate from l.25 per cent to 1.5 per cent, partly due to rising trade tensions with the United States. The US has been pre...

Apple charges ex-employee over ‘stealing driverless car secrets'

Apple charges ex-employee over ‘stealing driverless car secrets'

-- 2018-07-12 13:03:13

A former Apple employee has been accused of stealing the company's self-driving car secrets and trying to flee to China with them. Xiaolang Zhang worked on Apple's driverless car project but allegedl...

US firms in China mostly oppose tariffs, survey shows

US firms in China mostly oppose tariffs, survey shows

-- 2018-07-12 12:07:42

Most US businesses operating in China oppose the use of tariffs in retaliation for the challenges they face, from an uneven playing field to poor protection of intellectual property rights, a survey s...

BR announces start of Padma Rail project work

BR announces start of Padma Rail project work

Munima Sultana 2018-07-12 10:04:34

The Bangladesh Railway (BR) formally announced the commencement of Padma Rail Link project two months after signing a loan deal with China. The announcement came after meeting all the conditions atta...

BPDB, GE sign deal for Moheshkhali power plant

BPDB, GE sign deal for Moheshkhali power plant

-- 2018-07-11 19:09:37

The Bangladesh Power Development Board has signed a deal with General Electric to build a 3,600MW LNG-based power plant in Moheshkhali of Cox's Bazar. The memorandum of understanding was signed in Dh...

China launches new Beidou navigation satellite into orbit

China launches new Beidou navigation satellite into orbit

-- 2018-07-11 14:47:11

China sent a new Beidou navigation satellite into orbit on a Long March-3A rocket from the Xichang Satellite Launch Center, in the southwestern Sichuan Province, at 4:58 am Tuesday. The satellite is...

US threatens tariffs on another $200b of Chinese goods

US threatens tariffs on another $200b of Chinese goods

-- 2018-07-11 12:48:50

The Trump administration raised the stakes in its trade dispute with China, threatening 10 per cent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beiji...