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The Financial Express

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Checking inflation a major challenge for economy now, state minister for planning says

Checking inflation a major challenge for economy now, state minister for planning says

FE REPORT 2023-02-15 09:03:01

Containing inflation and taking it to the previous (tolerable) level as much as possible is a major challenge for the country's economy at present, State Minister for Planning Dr Shamsul Alam said o...

0.1m Bangladeshi workers find jobs overseas in Jan

0.1m Bangladeshi workers find jobs overseas in Jan

FE REPORT 2023-02-15 08:59:49

Over 0.1 million Bangladeshi workers found jobs in different destination countries in the first month of the current calendar year (2023). The number is the fourth highest in the past 13 months, show...

Slight rise in interest rate spread in Dec '22

Slight rise in interest rate spread in Dec '22

JUBAIR HASAN 2023-02-15 08:39:00

After months of continuous fall, the spread between the banks' lending and deposit rates went up slightly in December last apparently due to unofficially relaxing the rate cap on consumer loans four m...

BBS to calculate inflation on new base year per IMF advice

BBS to calculate inflation on new base year per IMF advice

-- 2023-02-14 19:25:42

Bangladesh Bureau of Statistics (BBS) is making radical changes in the inflation calculation considering the present financial situation and the IMF suggestions. The inflation will be calculated for...

Pakistan's remittances fall 9.9pc in January

Pakistan's remittances fall 9.9pc in January

-- 2023-02-14 19:19:05

Remittances sent by overseas Pakistani workers decreased 9.9 per cent in January on a month-on-month basis, the State Bank of Pakistan said on Monday. The workers' remittances recorded an inflow of 1...

Govt forms body to run universal pension scheme

Govt forms body to run universal pension scheme

FE REPORT 2023-02-14 08:50:58

The government has formed a National Pension Authority to administer universal pension scheme which aims to support country's growing elderly population by providing annuity. The ministry of finance...

Liquidity crunch in banks begins easing

Liquidity crunch in banks begins easing

JUBAIR HASAN 2023-02-14 08:38:00

Liquidity crunch in Bangladesh's banking system shows signs of improvement as key indicators are showing positive signs, largely following monetary interventions, officials and bankers said. Such a t...

Businessmen seek govt support to sustain steel industry

Businessmen seek govt support to sustain steel industry

-- 2023-02-13 19:48:05

The businessmen of the steel and rod manufacturing sector have sought the government's support on an urgent basis to deal with the crisis surrounding the industry amid the price hike of raw materials...

Europe's spend on energy crisis nears 800b euros

Europe's spend on energy crisis nears 800b euros

FE ONLINE DESK 2023-02-13 12:16:48

European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their...

ChatGPT frenzy sweeps China as firms scramble for home-grown options

ChatGPT frenzy sweeps China as firms scramble for home-grown options

FE ONLINE DESK 2023-02-13 11:11:00

Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is attracting huge interest in the country, with firms rushing to integrate the technology into their pro...

BB plans 75pc cashless transaction by 2027

BB plans 75pc cashless transaction by 2027

FE REPORT 2023-02-13 09:13:26

Bangladesh Bank (BB) governor Abdur Rouf Talukder on Sunday said the central bank will take various measures to make 75 per cent of the country's overall transaction cashless by 2027. The governor te...

BAB, BIA place budget proposals

BAB, BIA place budget proposals

FE REPORT 2023-02-13 08:19:32

Bangladesh Association of Banks (BAB) has placed a set of proposals to the National Board of Revenue (NBR) for inclusion in the fiscal budget 2023-24. The proposals include requests to permit 1.0-per...

Hefty $5.5b cost comes under scrutiny

Hefty $5.5b cost comes under scrutiny

MIR MOSTAFIZUR RAHAMAN 2023-02-13 08:12:02

Cost of a foreign-aided Mass Rapid Transit (MRT) Line-5 project, estimated at US$5.5 billion, comes under scrutiny on afterthought as official circles find it highest in the region. Sources said in a...

NBR chairman for conserving some sectors for small businesses

NBR chairman for conserving some sectors for small businesses

-- 2023-02-12 20:47:45

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said that some sectors should be conserved for small businesses to boost the country’s Small and Medium Enterprises. &ld...

Earthquake impact on Turkey's GDP unlikely to be as much as in 1999

Earthquake impact on Turkey's GDP unlikely to be as much as in 1999

-- 2023-02-12 19:37:00

The impact of last week's earthquake on Turkey's growth domestic product (GDP) is unlikely to be as pronounced as after the earthquake that hit the country in 1999. IMF Executive Director Mahmoud Moh...

Pakistan approves circular debt management plan

Pakistan approves circular debt management plan

FE ONLINE DESK 2023-02-11 12:11:07

Pakistan's Economic Co-ordination Committee on Friday approved a plan it is negotiating with the International Monetary Fund to slash its circular debt, a form of public debt that builds up in the pow...

Google cautions against 'hallucinating' chatbots

Google cautions against 'hallucinating' chatbots

REUTERS 2023-02-11 11:22:00

The boss of Google's search engine warned against the pitfalls of artificial intelligence in chatbots in a newspaper interview published on Saturday, as Google parent company Alphabet battles to...

Policy making on offshore investment faces dilemma

Policy making on offshore investment faces dilemma

REZAUL KARIM 2023-02-11 08:59:52

A latest policy preparation facilitating Bangladeshis making offshore investment in foreign countries gets into a dilemma as some officials mentioned that an already-existing law on 'Capital Account T...

Japan set to appoint Kazuo Ueda as next BOJ governor

Japan set to appoint Kazuo Ueda as next BOJ governor

-- 2023-02-10 21:01:40

The Japanese government plans to appoint Kazuo Ueda, an economist and former member of the Bank of Japan (BOJ) Policy Board, as the central bank's next governor after Haruhiko Kuroda's resignation, lo...

World Bank to provide Turkey $1.78b in earthquake relief financing

World Bank to provide Turkey $1.78b in earthquake relief financing

-- 2023-02-10 20:02:24

The World Bank has said it is providing Turkey with $1.78 billion in relief and recovery financing assistance as the country struggles with the aftermath of an earthquake that has killed over 20,000 p...

ChatGPT 'will change our world': Gates

ChatGPT 'will change our world': Gates

-- 2023-02-10 16:40:36

Microsoft co-founder Bill Gates believes ChatGPT, a chatbot that gives strikingly human-like responses to user queries, is as significant as the invention of the internet, he told German business dail...

Bezos-owned Blue Origin awarded NASA launch contract for Mars mission

Bezos-owned Blue Origin awarded NASA launch contract for Mars mission

FE ONLINE DESK 2023-02-10 14:34:55

Blue Origin, the private space company founded by billionaire Jeff Bezos, was awarded its first interplanetary NASA contract on Thursday to launch a mission next year to study the magnetic field aroun...

Fraudulent activities involving MFS a barrier to building 'Smart Bangladesh': Jabbar

Fraudulent activities involving MFS a barrier to building 'Smart Bangladesh': Jabbar

Reuters 2023-02-10 09:12:37

Posts and Telecommunication Minister Mustafa Jabbar on Thursday said gambling and fraudulent activities using mobile financial services (MFS) have become a grave concern towards building 'Smart Bangla...

Pakistani PM approves IMF agreement

Pakistani PM approves IMF agreement

-- 2023-02-09 22:04:40

Pakistan's Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all matters over the bailout programme are settled, local broadcaster Geo said on Thursday,...

Saudi businesses keen to invest in Bangladesh

Saudi businesses keen to invest in Bangladesh

-- 2023-02-09 21:00:24

The businesses of Saudi Arabia is very much interested to invest in Bangladesh as a high-profile delegation of the Kingdom, led by Minister of Commerce of Saudi Arabia Majed Bin Abdullah Alkassabi, wo...

Japan wants to invest another fertiliser factory in Bangladesh

Japan wants to invest another fertiliser factory in Bangladesh

-- 2023-02-09 18:44:10

The Japan Bank for International Cooperation (JBIC) has expressed interest in setting up another fertiliser factory like Ghorashal Fertilizer Factory in Ashuganj, Bangladesh. The JBIC has also shown...

Pakistan finmin says expect IMF matters to be settled Thursday

Pakistan finmin says expect IMF matters to be settled Thursday

-- 2023-02-09 18:11:37

Pakistan's finance minister was quoted on Thursday as saying he expects talks with a visiting International Monetary Fund mission to be settled today (Thursday). "It is expected matters will be settl...

PM seeks robust Japanese investment in Bangladesh

PM seeks robust Japanese investment in Bangladesh

-- 2023-02-09 16:56:48

Prime Minister Sheikh Hasina has called upon Japanese investors to come up with robust investment in Bangladesh's various sectors as Japan Bank for International Cooperation (JBIC) Governor Nobumitsu...

Enough scope for deliberate defaulters to reschedule loans

Enough scope for deliberate defaulters to reschedule loans

FE REPORT 2023-02-09 11:14:35

Many deliberate defaulters have got scope to reschedule their loans again and again with undue grace from banks, causing a setback to the financial sector, said a former governor of the country's cent...

Government opts for higher emergency borrowing

Government opts for higher emergency borrowing

JASIM UDDIN HAROON and JUBAIR HASAN 2023-02-09 10:36:49

Under a contingency measure, the government opts for higher emergency borrowing with two debt instruments that can yield Tk 160 billing daily in need. To this effect, the government is set to raise t...