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Search results for: EC

Establish commission to speed up tax reform

Establish commission to speed up tax reform

FE Report 2018-06-03 10:22:50

Bangladesh needs major reforms in its tax and tariff scheme to stimulate growth and exports, a leading think-tank has said. To speed up the reform, the government should move to establish a tax refor...

Japan intends to confirm over $1.83b in aid next week

Japan intends to confirm over $1.83b in aid next week

FHM Humayan Kabir 2018-06-03 10:21:57

Japan is likely to confirm a US$ 1.83 billion in aid for Bangladesh next week, officials said Saturday. The money from the country's largest bilateral development partner is meant to bankroll six dev...

NBR seems not on course to attain revised target

NBR seems not on course to attain revised target

Doulot Akter Mala 2018-06-03 09:48:34

The National Board of Revenue (NBR) is likely to miss even the revised tax revenue collection target set for the current financial year, 2017-18. The shortfall in tax revenue collection stood at Tk 3...

Google 'not to renew' Pentagon AI project contract

Google 'not to renew' Pentagon AI project contract

-- 2018-06-02 15:52:32

Technology leader Google will not renew a contract to do artificial intelligence work for the US Pentagon, company sources say. The decision follows strong opposition in the technology giant's workfo...

Apple to launch phone-to-phone augmented reality: Sources

Apple to launch phone-to-phone augmented reality: Sources

-- 2018-06-02 12:33:12

Tech giant Apple Inc next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week...

US unemployment rate hits 18-year low

US unemployment rate hits 18-year low

-- 2018-06-02 11:58:33

US unemployment rate dropped to an 18-year low of 3.8 per cent, while nonfarm payrolls surged by 223,000 jobs as warm weather bolstered hiring at construction sites. The jobs growth was faster than e...

Upcoming budget to have a new classification system

Upcoming budget to have a new classification system

Jasim Uddin Haroon 2018-06-02 09:30:42

The upcoming national budget will be placed before parliament under a new classification system. This will mark a departure from the old ways of presenting the same. Finance Minister AMA Muhith is e...

India’s economic growth hits record 7.7pc in Q1

India’s economic growth hits record 7.7pc in Q1

-- 2018-06-01 19:34:37

India’s economic growth accelerated to 7.7 per cent year-on-year in January-March, its quickest pace in nearly two years driven by higher growth in manufacturing, the farm sector and constructio...

US job growth picks up

US job growth picks up

-- 2018-06-01 13:16:08

US job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate inflation pressures in the e...

CPD to release 3rd interim review of BD economy

CPD to release 3rd interim review of BD economy

FE Online Desk 2018-06-01 13:06:25

The Centre for Policy Dialogue (CPD) will release the third interim review of Bangladesh’s macroeconomic performance for FY2017-18 very soon. "In order to release this assessment rep...

Throwback Atari fetches $2.0m in pre-orders

Throwback Atari fetches $2.0m in pre-orders

-- 2018-06-01 10:58:16

It's the latest attempt to cash in on gamers' nostalgia - a throwback console that promises "100+" classic games built in, with new online play. Pre-orders for the Atari VCS went into overdrive on We...

Banks not doing enough to meet expectations: Study

Banks not doing enough to meet expectations: Study

FE Report 2018-06-01 10:57:10

The banking industry in the country has 'failed' to meet expectations of customers, according to the findings of a research study released on Thursday. The study showed that the number of 'unsatisfie...

Scientists find ice dunes on Pluto

Scientists find ice dunes on Pluto

-- 2018-06-01 10:28:20

Scientists say they have found evidence of dunes of frozen methane on Pluto. The research, which is published in the journal Science, suggests that the distant world is more dynamic than previously t...

'Fast-track' seaport projects tread in slow lane

'Fast-track' seaport projects tread in slow lane

FHM Humayan Kabir 2018-06-01 10:02:58

The execution of two 'fast-track' seaport projects has been progressing at a very slow pace, according to relevant officials. Of the two, work on one project — the Sonadia deep-seaport -- has n...

New ERF office opens in city

New ERF office opens in city

-- 2018-05-31 21:52:22

The new office of the Economic Reporters’ Forum (ERF), the organisation dedicated specially for the country’s economic reporters, was inaugurated at the Paltan Tower in the city on Thursda...

Muhith encourages journalists to write book marking BD golden jubilee

Muhith encourages journalists to write book marking BD golden jubilee

-- 2018-05-31 20:54:03

Finance Minister Abul Maal Abdul Muhith has said journalists should write about the development and achievements of Bangladesh marking golden jubilee of the country. "The country will step into its 5...

US Q1 GDP growth slows to 2.2pc

US Q1 GDP growth slows to 2.2pc

-- 2018-05-31 13:37:52

US economy, the largest economy of the world, grew slightly lower than previously estimated in the first quarter, according to the US Commerce Department report. The economic growth was revised to an...

Uber, Waymo in talks over driverless-car partnership: Uber CEO

Uber, Waymo in talks over driverless-car partnership: Uber CEO

-- 2018-05-31 13:09:24

Uber Technologies Inc is talking with Alphabet Inc’s autonomous driving unit Waymo about using its technology on Uber’s ride-hailing app, Uber Chief Executive Dara Khosrowshahi said on Wed...

Red-tape hits two dozen China-funded projects

Red-tape hits two dozen China-funded projects

Mir Mostafizur Rahaman 2018-05-31 10:03:01

Due to the bureaucratic tangles, more than two dozen China-funded projects are not progressing at a satisfactory pace. So far, the disbursement has been made against only two projects. The projects...

BB asks banks to keep spread within 4.0pc

BB asks banks to keep spread within 4.0pc

FE Report 2018-05-31 09:50:10

The central bank has asked the commercial banks to keep their intermediation spread between the lending and average deposit rates within 4.0 per cent. To this end, it issued a circular on Wednesday....

Brazil business confidence falls in May

Brazil business confidence falls in May

-- 2018-05-30 15:56:15

The business confidence index (BCI) of Brazil dipped in May to its lowest level since November 2017, dragged down by the slow pace of economic recovery, according to a report released Tuesday. The...

German labour market witnesses robust growth

German labour market witnesses robust growth

Reuters 2018-05-30 14:44:04

Germany’s jobless numbers dropped more than expected in May, pushing down the unemployment rate to a record low, data showed on Wednesday, reflecting the robustness of a labour market that has b...

Tesla car crashes again

Tesla car crashes again

-- 2018-05-30 13:54:47

The driver of a Tesla Inc Model S crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in “autopilot” m...

Country’s NFA rises 3.51pc in March

Country’s NFA rises 3.51pc in March

Jasim Uddin Haroon 2018-05-30 10:15:33

The latest statistics of the Bangladesh Bank (BB) shows that the country's Net Foreign Assets (NFA) registered a 3.51 per cent growth in March. The NFA used to expand at double-digit rates even two y...

Bangladesh may surpass India in three years

Bangladesh may surpass India in three years

-- 2018-05-30 00:08:57

Per capita income of Bangladesh may surpass the same of India within three years, according to an analysis of the Business Standard on India on Monday. "Per capita income (in dollar terms) in Banglad...

Scientists measure dolphin ‘happiness’

Scientists measure dolphin ‘happiness’

-- 2018-05-29 20:36:24

Scientists working with dolphins at a marine park near Paris have attempted to measure how the animals feel about aspects of their lives in captivity. In what researchers say is the first project to...

India Uber president to head Asia Pacific operations

India Uber president to head Asia Pacific operations

-- 2018-05-29 16:22:36

Uber’s India President Amit Jain has been promoted to head of the global ride-hailing firm’s Asia Pacific operations, which includes Australia, New Zealand, Japan, Hong Kong and India, the...

China airlines revenue reaches $117b in 2017

China airlines revenue reaches $117b in 2017

-- 2018-05-29 14:10:14

The civil aviation industry of China made operating revenue of 746 billion yuan (about $117 billion) in 2017, said the official statistical bulletin. The figure is a 15.3-per cent increase year on ye...

BD’s per capita income may overtake India in three years

BD’s per capita income may overtake India in three years

FE Online Report 2018-05-29 11:55:12

Per capital income of Bangladesh may cross that of India within three years, according to an analysis of the Business Standard (BS). “Per capita income (in dollar terms) in Bangladesh is now gr...

Venture capital: Govt body to frame policy guideline in six weeks

Venture capital: Govt body to frame policy guideline in six weeks

FE Report 2018-05-29 10:11:06

The government has formed a high-powered committee to formulate a policy guideline regarding venture capital and investment eco-system in the country. The 10-member body is asked to prepare the guide...