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The Financial Express

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White House criticises $3b China tariffs

White House criticises $3b China tariffs

-- 2018-04-03 12:50:57

The White House has criticised China after the second largest economic country imposed retaliatory tariffs against the US on a range of goods, including pork, fruits, and wine. Beijing has introduced...

Remittance inflow rebounds

Remittance inflow rebounds

FE Report 2018-04-03 09:47:46

The flow of inward remittance bounced back in March after a falling trend in the previous month, as the exchange rate of the local currency maintained stability against the US dollar, officials said....

FICCI proposes gradual cut in corporate tax

FICCI proposes gradual cut in corporate tax

FE Report 2018-04-03 09:38:15

Foreign investors have proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years. The members of the Foreign I...

Only strong banks should get state entities' deposit

Only strong banks should get state entities' deposit

FE Report 2018-04-03 00:27:30

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowe...

US factory activity declines; construction spending gains

US factory activity declines; construction spending gains

-- 2018-04-02 22:30:33

US factory activity slowed in March amid a decline in new orders, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. Other data on Monday showed a mar...

NBR wants FICCI's assistance for tax collection

NBR wants FICCI's assistance for tax collection

-- 2018-04-02 19:35:54

National Board of Revenue (NBR) on Monday has sought cooperation from the business community for collection of tax from potential areas and individuals still remaining out of tax net. "This time the...

US safety agency slams Tesla crash data release

US safety agency slams Tesla crash data release

-- 2018-04-02 14:56:27

The US National Transportation Safety Board said on Sunday it was “unhappy” that electric car maker Tesla Inc made public information about the crash of its Model X vehicle on Autopilot th...

Bahrain discovers biggest oil field in its history

Bahrain discovers biggest oil field in its history

-- 2018-04-02 13:18:23

Bahrain has discovered its largest oil field since the Middle East country's first oil well began operation nearly 90 years ago, according to the country’s official news agency. The governmen...

NBR to settle long-standing BPC VAT dues thru' book adjustment

NBR to settle long-standing BPC VAT dues thru' book adjustment

Doulot Akter Mala 2018-04-02 10:18:12

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to...

Chinese space station burns up over South Pacific

Chinese space station burns up over South Pacific

-- 2018-04-02 09:40:22

China’s Tiangong-1 space station re-entered the earth’s atmosphere and burnt up over the middle of the South Pacific on Monday, the Chinese space authority said. The “vast majority&...

BB takes new measures to  beef up liquidity supply

BB takes new measures to beef up liquidity supply

Siddique Islam 2018-04-02 00:17:00

Bangladesh Bank (BB) will slash Cash Reserve Requirement (CRR) of the banks by 1.0 percentage point to 5.50 per cent to help mitigate the present liquidity crunch in the banking system. The decision...

BD’s topmost challenge lies  in reducing gaping disparity

BD’s topmost challenge lies in reducing gaping disparity

Asjadul Kibria 2018-04-02 00:15:19

A macro-development economist of international renown noted with satisfaction the progress Bangladesh achieved in 47 years but warned that the rising disparity might derail the overall development. "...

China space lab plunges to Earth on Monday

China space lab plunges to Earth on Monday

-- 2018-04-01 18:37:12

Debris from a defunct Chinese space station is seen crashing to Earth on Monday, scientists monitoring it say. China's space agency said the station will re-enter the atmosphere in the next 24 hours...

BB to cut CRR by 1.0 percentage point

BB to cut CRR by 1.0 percentage point

FE Online Report 2018-04-01 16:18:07

The central bank of Bangladesh will slash the Cash Reserve Requirement (CRR) by 1.0 percentage point to 5.5 per cent from the existing level of 6.50 per cent to help mitigating the ongoing liquidity c...

Microsoft gambles on a quantum leap in computing

Microsoft gambles on a quantum leap in computing

-- 2018-04-01 13:11:02

In a laboratory in Copenhagen, scientists believe they are on the verge of a breakthrough that could transform computing. A team combining Microsoft researchers and Niels Bohr Institute academics is...

Muhith expects over 7.5pc economic growth in current fiscal

Muhith expects over 7.5pc economic growth in current fiscal

-- 2018-04-01 12:34:18

Finance Minister AMA Muhith on Saturday said the government is expecting the country's economic growth will be over 7.5 per cent in the current fiscal year. The minister also said the economic growth...

LDC graduation: BB chief links it to functioning of FIs

LDC graduation: BB chief links it to functioning of FIs

FE Report 2018-04-01 09:55:13

Bangladesh's sustainable transition from the LDC (least-developed country) status largely depends on effective functioning of the country's financial institutions (FIs), says the central bank chief....

European Investment Bank looks to dole out €110m loan for Railway

European Investment Bank looks to dole out €110m loan for Railway

FE Report 2018-04-01 09:49:42

The European Investment Bank (EIB) intends to provide €110 million in loan to help Bangladesh purchase new rolling stock for the Railway. The total cost of the project is €270 million and c...

Regulator weighing pleas for doubling gas price

Regulator weighing pleas for doubling gas price

FE Report 2018-04-01 09:41:47

State energy regulator now weighs the proposals submitted by the gas- distribution companies for nearly doubling its tariffs, with an obvious motive of adjusting the prices with that of expensive LNG....

Bangabandhu-1 reaches launch site in Florida

Bangabandhu-1 reaches launch site in Florida

-- 2018-03-31 21:49:19

Bangladesh's first satellite to be launched into outer space, Bangabandhu-1, has been safely transported to its launch site. Thales Alenia Space, the French firm that built the 3.5-metric tonne commu...

France-Myanmar trade hits $234m

France-Myanmar trade hits $234m

-- 2018-03-31 14:51:46

Bilateral trade between France and Myanmar hit 234 million US dollars as of January in present fiscal year 2017-2018, the official Global New Light of Myanmar has reported. During the period, the c...

Beijing to offer 10,000 jobs for farmers

Beijing to offer 10,000 jobs for farmers

-- 2018-03-31 14:37:07

Beijing will offer 10,000 urban jobs in the public service sector to farmers living in the suburbs this year, according to the city's rural affairs commission. The measure is aimed at accommodating...

Google employees organise to fight cyber bullying at work

Google employees organise to fight cyber bullying at work

-- 2018-03-31 13:06:32

About 100 Google US employees concerned about cyber bullying inside the company have organised into a group proposing new policies for conduct at the unit of Alphabet Inc, five people involved in the...

Govt likely to sign €95m IDB loan for peri-urban housing

Govt likely to sign €95m IDB loan for peri-urban housing

FE Report 2018-03-31 10:36:23

The government is set to sign its long-awaited 94.75 million Euros loan deal with the Islamic Development Bank (IDB) next week, which would be used for the financing of rural and peri-urban housing...

Japan pledges $1.83b more for dev projects

Japan pledges $1.83b more for dev projects

FHM Humayan Kabir 2018-03-31 09:49:39

Japan has offered some US$1.83 billion in assistance for bankrolling Bangladesh's six major development projects on communications infrastructures, power and port. Ministry of Finance (MoF) officials...

PCBs to get half  of state entities’ deposits

PCBs to get half of state entities’ deposits

FE Report 2018-03-31 00:17:10

State enterprises will now be allowed to deposit 50 per cent of their funds with the private commercial banks (PCBs), up from the 25 per cent cap they used to have earlier. The decision to raise the...

Call to promote safe internet for children

Call to promote safe internet for children

FE Online Report 2018-03-30 20:49:30

Eleven per cent children under 18 fall victim to cyber crimes in Bangladesh that pose a major threat to their lives, according to UNICEF. The Cyber Crime Awareness Foundation, a voluntary organisatio...

BD to enjoy LDC trade benefits for nine years

BD to enjoy LDC trade benefits for nine years

FE Online Report 2018-03-30 19:26:05

Even after formally being graduated from the Least Developed Country (LDC) category in 2024, Bangladesh will be able to enjoy the existing trade benefits for another three years or up to 2027. Thus t...

Scientists find galaxy without dark matter

Scientists find galaxy without dark matter

-- 2018-03-30 18:16:30

In a recent discovery, researchers uncovered a galaxy, that lacks the enigmatic substance known as the dark matter, which is generally considered as an essential ingredient in the birth of galaxies....

WB clears $560m for two projects

WB clears $560m for two projects

-- 2018-03-30 13:24:51

The World Bank has approved $560 million for two projects in Bangladesh to improve power supply and help microenterprises become environmentally sustainable. “The World Bank is helping Banglade...