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Budget reactions on telecom, ICT today

Budget reactions on telecom, ICT today

FE Online Desk 2018-06-20 13:18:25

Seven trade bodies/associations, mostly on telecom and ICT will hold a joint press conference Wednesday at 3.00 pm to present their budget reactions. The associations are AMTOB, BASIS, BACCO, BCS, BM...

NBR estimates huge loss in proposed corporate tax cut

NBR estimates huge loss in proposed corporate tax cut

Doulot Akter Mala 2018-06-20 09:54:02

The revenue authorities have estimated Tk 25 billion losses in corporate tax collection in the upcoming fiscal year (FY) provided the budgetary proposal made in this connection comes into force from J...

Planning minister hopes 10pc growth by 2029

Planning minister hopes 10pc growth by 2029

-- 2018-06-19 21:45:23

Planning Minister AHM Mostafa Kamal hopes Bangladesh will be able to attain 10 per cent economic growth by 2028-29, after implementation of mega projects. “No one can stop the country from atta...

Mars approaching closest to Earth in 15 years

Mars approaching closest to Earth in 15 years

-- 2018-06-19 14:23:31

Mars will look bigger and brighter in the coming weeks than it has appeared in the last 15 years, according to NASA. On July 31, Mars will travel to the closest point in its orbit to Earth, about 57....

Global survey finds 37pc software unlicensed

Global survey finds 37pc software unlicensed

Mehdi Musharraf Bhuiyan 2018-06-19 11:05:54

Around 37 per cent of software installed on personal computers across the world is still unlicensed, according to a new survey. The BSA Global Software Survey, which came out earlier this month, foun...

Remittances rise ahead of Eid festival

Remittances rise ahead of Eid festival

FE Report 2018-06-19 10:59:31

The country received nearly US$ 900 million in remittances in the first half of the current month as overseas Bangladeshis sent higher volume of money back home ahead of the Eid-ul-Fitr festival,...

ADB to lend $50m for microenterprise development

ADB to lend $50m for microenterprise development

Syful Islam 2018-06-19 10:57:13

The Asian Development Bank (ADB) has agreed to lend US$50 million to help Bangladesh promote microenterprises led by women, finance ministry officials said. The fund will be channelled through Palli...

Fiscal incentives to rise in next fiscal year

Fiscal incentives to rise in next fiscal year

FE Online Report 2018-06-18 20:41:08

Fiscal incentives to agriculture, export and jute goods will increase in the next fiscal year, according to the proposed budget for FY19. It showed that the government allocates Tk 135.0 billion as f...

FDI accounts for 39pc of external finance for developing nations

FDI accounts for 39pc of external finance for developing nations

FE Online Report 2018-06-18 16:21:52

Foreign direct investment (FDI) accounted for 39 per cent of external finance on average for the developing nations between 2013 and 2017. World Investment Report (WIR) 2018 unveiled the estimation.&...

Global FDI flows may increase by 5.0 pc this year

Global FDI flows may increase by 5.0 pc this year

FE Online Report 2018-06-18 14:48:32

After a big drop in the past year, inflows of foreign direct investment (FDI) in the current year may increase by 5.0 per cent across the world. United Nations Conference on Trade and Development (UN...

Israel revises up annual GDP growth in first quarter

Israel revises up annual GDP growth in first quarter

-- 2018-06-18 14:18:51

Israel’s economy grew an annualised 4.5 per cent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of...

The bigger Cryptocurrencies get, the worse they perform: BIS

The bigger Cryptocurrencies get, the worse they perform: BIS

-- 2018-06-18 12:25:32

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said on Sun...

US pips India as top greenfield FDI investment destination

US pips India as top greenfield FDI investment destination

-- 2018-06-17 18:01:58

The US has surpassed India to become the top destination for greenfield FDI investment in 2017, says a report, according to a report by India based The Economic Times. The number of greenfield FDI p...

Net FDI drops by 4.20pc in July-April

Net FDI drops by 4.20pc in July-April

FE Online Report 2018-06-17 13:05:27

Net inflow of foreign direct investment (FDI) dropped by 4.20 per cent in the first 10 months of the current fiscal year. Latest statistics, released by the central bank last week, showed that the ne...

Seminar on services-led development begins June 19 in Tokyo

Seminar on services-led development begins June 19 in Tokyo

FE Online Desk 2018-06-17 12:53:55

A two-day international seminar titled ‘Services-Led Development: Prospects and Policies’, arranged by ADBI begins on June 19 in Tokyo. The seminar will present the latest evidence on how...

Antarctica melting rate tripled since 2007

Antarctica melting rate tripled since 2007

-- 2018-06-16 22:12:01

Antarctica is melting at an alarming rate -- and that rate continues to speed up. The rate at which Antarctica is losing ice has tripled since 2007, according to a new report published this week in t...

Large Hadron Collider getting an upgrade

Large Hadron Collider getting an upgrade

-- 2018-06-16 20:29:59

Smashing together a billion protons a second wasn’t enough for the Large Hadron Collider. The particle accelerator, located at CERN in Geneva, is getting spiffed up to allow it to carry out c...

Modi to unveil New India 2022 plan Sunday

Modi to unveil New India 2022 plan Sunday

-- 2018-06-16 18:01:08

NEW DELHI: The Indian government will unveil Sunday its development agenda, New IndiaNSE  which will outline ways to expedite economic growth at its fourth governing council meet.  PM Modi...

Indian billionaires’ wealth up 18pc in 2017

Indian billionaires’ wealth up 18pc in 2017

-- 2018-06-16 15:43:40

The ultra-rich are getting richer at a faster pace in the country, according to the Times of India. At 18 per cent, persons with a wealth of more than $1.0 billion saw the highest growth in their for...

Social media changes nature of Eid greetings

Social media changes nature of Eid greetings

-- 2018-06-16 14:53:16

The nature of Eid greetings has drastically changed now as most people turn to social media platforms for reaching out to each other instead of sharing it with cards. Apart from exchanging greetings,...

IMF rate of charge unchanged for two FYs

IMF rate of charge unchanged for two FYs

FE Online Desk 2018-06-16 11:51:00

  On April 25, 2018, the Executive Board of the International Monetary Fund (IMF) completed its annual review of the Fund’s income position for the financial year ending April 30,&nbs...

BD contributes 0.16pc of WTO budget

BD contributes 0.16pc of WTO budget

FE Online Report 2018-06-16 11:38:49

Bangladesh has contributed meagre 0.16 per cent of the annual budget of the World Trade Organisation (WTO) in the current year, according to the latest annual report of the organisation.  The m...

Nepal to host BIMSTEC summit on Aug 30, 31

Nepal to host BIMSTEC summit on Aug 30, 31

-- 2018-06-15 21:55:56

Kathmandu: Nepali Minister of Foreign Affairs Pradeep Kumar Gyawali Friday said the Fourth Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation would be held in...

Trump sets $50b in China tariffs

Trump sets $50b in China tariffs

-- 2018-06-15 20:35:40

US President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the wor...

450 workers mainly from BD, India stranded in Bahrain

450 workers mainly from BD, India stranded in Bahrain

-- 2018-06-15 20:11:26

Around 450 workers from multiple construction companies in Bahrain have been denied their wages for over four months, according to a report by www.migrant-rights.org/ All of the construction companie...

China promises fast response as Trump readies tariffs

China promises fast response as Trump readies tariffs

-- 2018-06-15 18:14:46

BEIJING: China vowed on Friday to strike back quickly if the United States hurts its interests, hours before US President Donald Trump was due to unveil revisions to a tariff list targeting $50 billio...

Trump's tariffs pose risk to US economy: IMF

Trump's tariffs pose risk to US economy: IMF

-- 2018-06-15 12:00:15

The International Monetary Fund warned on Thursday that US President Donald Trump’s new import tariffs threaten to undermine the global trading system, prompt retaliation by other countries and...

Politics creates information wedge between market participants in emerging economies   

Politics creates information wedge between market participants in emerging economies  

FE Online Report 2018-06-14 20:51:12

Institutional factors, such as politics and the relationships between politicians and companies, can dictate the way financing reports are created in many emerging economies, says a study. There is o...

Ice melting in Antarctica speeds up

Ice melting in Antarctica speeds up

-- 2018-06-14 18:14:10

Antarctica is shedding ice at an accelerating rate. Satellites monitoring the state of the White Continent indicate some 200 billion tonnes a year are now being lost to the ocean as a result of melti...

Help remittance-receiving families build future: IFAD

Help remittance-receiving families build future: IFAD

-- 2018-06-14 17:55:52

President of the International Fund for Agricultural Development (IFAD) Gilbert F Houngbo on Thursday called for continued efforts to help remittance-receiving families build a sustainable future for...