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Call money rate budges on excess liquidity

Call money rate budges on excess liquidity

Jasim Uddin Haroon 2018-04-30 09:49:13

The call money rate in the local money market took a dip to the lowest level in more than one year on Thursday, the last working day before the weekend, indicating the presence of excess liquidity in...

FBCCI for introducing the ATA Carnet

FBCCI for introducing the ATA Carnet

FE Online Report 2018-04-29 15:43:48

In a bid to make the customs procedure more transparent, country’s apex trade body has urged the government to introduce the ATA Carnet system in Bangladesh. The Federation of Bangladesh Cha...

Beach town braces for record tourist turnout

Beach town braces for record tourist turnout

Our Correspondent, Cox's Bazar 2018-04-29 15:40:51

The Cox's Bazar beach town expects a record turnout of tourists during April 27-May 05 that turns out to be virtually a nine-day vacation barring two working days on April 30 and May 03. Local hotel...

EU digital tax on corporate turnover faces uphill road

EU digital tax on corporate turnover faces uphill road

-- 2018-04-29 13:55:25

A European Commission plan to tax the digital turnover of large companies drew scepticism on Saturday from the global rule-setting body on tax matters and some EU states, which called instead for an i...

BB seeks info on all bad debts

BB seeks info on all bad debts

-- 2018-04-29 12:30:54

Bangladesh Bank has asked all the banks and other financial institutions of the country to send reports about all the default loans. As per a new circular issued on Thursday, the banks and financial...

Dhaka-Beijing talks on free trade agreement soon

Dhaka-Beijing talks on free trade agreement soon

Jubair Hasan 2018-04-29 09:59:23

Bangladesh is going to resume negotiations on a free trade agreement (FTA) with China to boost trade with the world's second-largest economy, officials said. As part of the process, a high-powered de...

Faridpur-Kuakata highway to get four lanes

Faridpur-Kuakata highway to get four lanes

-- 2018-04-28 18:26:26

The government plans to upgrade the Faridpur-Kuakata highway to a four-lane in a bid to boost tourism and improve the overall road communication system. The 236.74-kilometre highway from Bhanga of Fa...

First LNG import delivery to enjoy duty waiver

First LNG import delivery to enjoy duty waiver

FE Report 2018-04-28 16:29:50

The first Liquefied Natural Gas (LNG) shipment, which arrived on Tuesday, will enjoy duty-benefit through an undertaking. The importer of LNG will be able to release goods enjoying exemption from th...

Tk 50b project to end Ctg water-logging starts

Tk 50b project to end Ctg water-logging starts

-- 2018-04-28 15:58:34

The Chittagong Development Authority or CDA has launched a Tk 50 billion mega project aimed at easing water-logging from the next monsoon season. “The city is going to see visible change in wat...

BD’s dependence on commodity export, import low

BD’s dependence on commodity export, import low

FE Online Report 2018-04-28 15:15:22

Bangladesh is one of the 32 developing countries classified as both the ‘low commodity-export-dependent’ and ‘low commodity-import- dependent’.  The Commodities and Deve...

Transport and communication growth likely to decline

Transport and communication growth likely to decline

FE Online Report 2018-04-28 14:02:18

Growth of the transport, storage, and communication sector is likely to decline in the current fiscal year (FY 2017-18), according to the provisional estimation of the Bangladesh Bureau of Statistics...

Myanmar’s foreign trade reaches $1.5b in April 1-20

Myanmar’s foreign trade reaches $1.5b in April 1-20

-- 2018-04-28 13:03:41

Myanmar’s trade with foreign countries in the first 20 days of the six-month transitional period has reached over 1.5 billion US dollars, according to figures from the Commerce Ministry on Satur...

Grameenphone signs MoU with DataSoft to foster IoT

Grameenphone signs MoU with DataSoft to foster IoT

FE Online Desk 2018-04-28 12:59:41

Grameenphone and DataSoft have signed a Memorandum of Understanding (MoU) to develop comprehensive IoT solutions for businesses that will leverage both DataSoft’sIoT application development capa...

China launches Zhuhai-1 remote sensing satellites

China launches Zhuhai-1 remote sensing satellites

-- 2018-04-28 11:25:23

China on Thursday sent five Zhuhai-1 remote sensing satellites into space on a single carrier rocket. The Long March-11 carrier rocket lifted off from Jiuquan Satellite Launch Center in northwest Chi...

Country getting ready for post-LDC trade benefits

Country getting ready for post-LDC trade benefits

Syful Islam 2018-04-28 09:48:00

As Bangladesh is poised to graduate to a developing country, the government is getting prepared to claim new facilities in the global market, officials said. The national committee on export, heade...

Vietnam eager to enhance cooperation with Bangladesh

Vietnam eager to enhance cooperation with Bangladesh

-- 2018-04-27 21:14:06

Vietnam is keen to develop its friendship and cooperation with Bangladesh and the two countries can share experience in economic development, poverty reduction and gender equality promotion. Vice Pre...

China confirms $2.67b loan for Padma rail link project

China confirms $2.67b loan for Padma rail link project

FE Online Report 2018-04-27 18:54:49

China has confirmed US$2.67 billion loan for the Padma railway link construction project of Bangladesh. To this end, an agreement was signed between the two sides on Friday at EXIM Bank of China's he...

Britain looks to ancient mines for electric future

Britain looks to ancient mines for electric future

-- 2018-04-27 16:47:38

Britain is banking on a series of ancient mines on its southwestern tip to secure a slice of the global electric car revolution. The English county of Cornwall and the surrounding area boast one of t...

UK house prices edge up in April

UK house prices edge up in April

-- 2018-04-27 14:44:00

House prices in United Kingdom (UK) rose a bit more quickly in April after touching a seven-month low in the previous month, the mortgage lender Nationwide said. The Nationwide said that they are sti...

Gender budget will lead to empowerment

Gender budget will lead to empowerment

FE Report 2018-04-27 11:15:30

Speakers at a pre-budget discussion called for stepping up monitoring of implementation of the gender responsive budget to help ensure women empowerment in the country. They also called for increasin...

Central bank devising collateral database to stem doc forgery

Central bank devising collateral database to stem doc forgery

FE Report 2018-04-27 09:39:49

The central bank has started the process of developing a collateral database in order to prevent document forgery and corruption during sanctioning loans, officials said. "We've taken the moves to ch...

US, Europe joint mission on cards to bring rocks from Mars

US, Europe joint mission on cards to bring rocks from Mars

-- 2018-04-26 20:30:37

The US and European space agencies are edging towards a joint mission to bring back rock and soil samples from Mars. Nasa and Esa have signed a letter of intent that could lead to the first "round tr...

Short-term foreign loans for industrialisation not very effective: Study

Short-term foreign loans for industrialisation not very effective: Study

FE Online Report 2018-04-26 19:37:38

A study on Bangladesh’s banking sector says the country’s short-term foreign loans for industrialisation are not very efficient compared to that of long-term borrowings. The Bangladesh In...

S’pore's manufacturing output rises in March

S’pore's manufacturing output rises in March

-- 2018-04-26 16:01:51

The manufacturing output of Singapore grew 5.9 per cent year on year in March, compared to a revised 6.7 per cent increase in February, the economic development board of the country has announced. &n...

Tesla's head of Autopilot leaves

Tesla's head of Autopilot leaves

-- 2018-04-26 14:56:30

Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company....

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

FHM Humayan Kabir 2018-04-26 10:02:49

Road Transport and Bridges Ministry is sticking to its demand for an additional allocation of Tk 14 billion to acquire more land for the Padma Bridge project despite reservation expressed by a gover...

FDI flow drops by 7.7pc last year

FDI flow drops by 7.7pc last year

Asjadul Kibria 2018-04-26 09:37:17

Net inflow of foreign direct investment in the country declined by 7.72 per cent last year, with officials attributing the drop-off to geo-political tension, the central bank has said. Statistics ava...

Gmail adds self-destruct option

Gmail adds self-destruct option

-- 2018-04-25 21:01:58

Google's email service is adding the option to allow messages to become inaccessible after a set time as it prepares for tougher data privacy laws. A new "confidential mode" can also be used to stop...

Bangabandhu-1 satellite to launch May 7: Jabbar

Bangabandhu-1 satellite to launch May 7: Jabbar

FE Report 2018-04-25 14:06:31

Telecom and ICT Minister Mustafa Jabbar has said the country’s first space satellite Bangabandhu-1 will launch on May 7. “The latest rescheduled date of launching the Bangabandhu Satelli...

China cops seize 600 computers used for bitcoin mining

China cops seize 600 computers used for bitcoin mining

-- 2018-04-25 13:55:10

Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesd...