Loading...
The Financial Express

Search results for: EC

Bangladesh's banking sector placed In BICRA Group '8'

Bangladesh's banking sector placed In BICRA Group '8'

FE Online Desk 2018-02-27 12:22:23

SINGAPORE (S&P Global Ratings) Feb. 27--S&P Global Ratings placed Bangladesh in group '8' under its Banking Industry Country Risk Assessment (BICRA) in a report, titled "Banking Industry C...

Sony phone adds rumble to games, films

Sony phone adds rumble to games, films

-- 2018-02-27 11:23:23

Sony's latest top-end smartphone vibrates in time with movie and TV action scenes and video games. The Xperia XZ2's rumble tech adapts a feature originally developed for the firm's PlayStation contro...

AIIB to give $60m for 220-MW plant in Bhola

AIIB to give $60m for 220-MW plant in Bhola

FE Report 2018-02-27 10:44:12

China-backed Asian Infrastructure Investment Bank (AIIB) is set to provide US$ 60 million for constructing a 220-megawatt (MW) combined cycle power plant in the southern district of Bhola. The board...

Global economy showing signs of strong growth: IMF

Global economy showing signs of strong growth: IMF

-- 2018-02-27 10:19:05

International Monetary Fund Managing Director Christine Lagarde said on Tuesday the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade dispute...

Growth of currency outside banks triggers concern

Growth of currency outside banks triggers concern

Siddique Islam 2018-02-27 09:13:28

The volume of currency outside the banking system has grown significantly in recent months ahead of the national elections, raising suspicion about the use of such money. The currency outside the b...

Seven banks facing capital crisis of Tk 94.14b

Seven banks facing capital crisis of Tk 94.14b

-- 2018-02-26 21:55:08

There is a total deficit of Tk 94.14 billion in seven banks, four government and three private, in the country. Finance Minister AMA Muhith said it at the parliament on Monday while responding to a s...

World Bank praises China’s reform

World Bank praises China’s reform

-- 2018-02-26 21:41:00

World Bank has praised Chinese reform in a report subtitled ‘Towards a More Inclusive and Sustainable Development,’ highlighting the country’s rapid economic growth. The second larg...

Banglalink to bring 30pc people under 4G coverage by June

Banglalink to bring 30pc people under 4G coverage by June

-- 2018-02-26 21:36:32

The country's third largest mobile phone operator Banglalink eyes to bring 30 per cent people of 64 districts under its 4G coverage by June this year. The operator, at a press conference on Monday in...

S Korea's export volume growth rises

S Korea's export volume growth rises

-- 2018-02-26 20:43:11

The export volume growth of South Korea hits four months high in January on the strong demand for semiconductors, central bank data showed Monday. According to the Bank of Korea (BOK), the East As...

S'pore manufacturing output up 17.9pc in Jan

S'pore manufacturing output up 17.9pc in Jan

-- 2018-02-26 20:24:48

The manufacturing output of Singapore grew 17.9 per cent year on year in January, compared to a 3.9 percent decline last December, the Economic Development Board said on Monday. The output grew 21....

Food price marks rise in FY18, admits Muhith

Food price marks rise in FY18, admits Muhith

-- 2018-02-26 19:41:43

Food prices marked a rise in the first quarter of current fiscal FY18, admitted Finance Minister AMA Muhith on Monday. He made the statement while placing the report on budget implementation progress...

Pro-poor rice sale scheme will not hurt reserves: Minister

Pro-poor rice sale scheme will not hurt reserves: Minister

-- 2018-02-26 14:25:02

Food Minister Md Qamrul Islam claims the Tk 10-per-kg-rice welfare programme will not cut into Bangladesh’s food reserves. Despite last year’s poor harvest due to natural disasters, this...

China sees home prices rise in January

China sees home prices rise in January

-- 2018-02-26 10:38:03

China’s new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. The ac...

Samsung unveils long-awaited Galaxy S9

Samsung unveils long-awaited Galaxy S9

-- 2018-02-26 10:19:28

Samsung Electronics Co Ltd unveiled its flagship Galaxy S9 smartphone with an emphasis on visual applications for social media, hoping to attract tech savvy young consumers to weather a market slowdow...

RAJUK submits proposal for land development, shifting of utilities

RAJUK submits proposal for land development, shifting of utilities

FHM Humayan Kabir 2018-02-26 10:01:56

Rajdhani Unnayan Kartripakkha (RAJUK) has a sent a project proposal to the Planning Commission for developing land and shifting facilities of utility services to pave the way for construction of Aramb...

Call for forming 'Banking Enquiry Commission' forthwith

Call for forming 'Banking Enquiry Commission' forthwith

FE Report 2018-02-26 09:48:00

The government should move to form a 'Banking Enquiry Commission' immediately to address the problems and irregularities that are 'eating away' at Bangladesh's financial sector, says an expert. "Th...

GP launches 4G service in Rajshahi

GP launches 4G service in Rajshahi

Our Correspondent 2018-02-26 00:38:55

RAJSHAHI, Feb-25: Grameenphone (GP) formally launched 4G service in Rajshahi city on Sunday. Head of Transformation of Grameenphone Kazi Mahboob Hasan, who inaugurated the 4G services of GP in Rajsha...

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

FE Online Report 2018-02-25 22:27:52

Problems regarding infrastructure pose as one of the major problems affecting the country’s leather and leather goods (LLGs) export, as per a study by Bangladesh Enterprise Institute (BEI).&nbsp...

Regulator asks banks to use Bangla in loan approval letters

Regulator asks banks to use Bangla in loan approval letters

-- 2018-02-25 19:57:55

The central bank has asked the scheduled banks to use Bangla in loan approval letters for implementing the objective of the "Bengali Language Introduction Act, 1987”. A Bangladesh Bank (BB) cir...

Utilising local coal resources a must for cheaper electricity

Utilising local coal resources a must for cheaper electricity

-- 2018-02-25 19:34:48

Fast depleting gas reserve and lack of major initiatives to develop local coal have made it difficult to achieve a sustainable local primary energy source. According to an estimate, Bangladesh would...

Google raises price of YouTube TV online service

Google raises price of YouTube TV online service

-- 2018-02-25 14:18:11

Alphabet Inc’s Google is raising the price of its YouTube TV online service for new customers as it adds channels from Time Warner Inc’s Turner, National Basketball League and Major League...

BRT project cost doubles

BRT project cost doubles

Munima Sultana 2018-02-25 10:19:16

Cost of the Bus Rapid Transit (BRT) project has more than doubled due to an increase in budgets for its all components, sources said. They said Roads and Highways Department (RHD), leading implementi...

Loan-recovery drive falters as defaulters bamboozle Sonali

Loan-recovery drive falters as defaulters bamboozle Sonali

Jasim Uddin Haroon 2018-02-25 09:46:49

Sonali Bank's classified credits bloated to Tk 137.98 billion in 2017 with its recovery drive dropping to 8.0 per cent as the defaulters allegedly duped the bankers. Sources in the biggest bank of...

MIT’s AI expert to mentor Bangladeshi programmers

MIT’s AI expert to mentor Bangladeshi programmers

-- 2018-02-24 20:39:09

Machine learning expert Alan Edelman will mentor Bangladeshi young programmers to develop new technologies through Artificial Intelligence (AI). Alan Stuart Edelman, father of the programming languag...

Businesses fear political chaos will lead to economic downfall

Businesses fear political chaos will lead to economic downfall

FE Online Report 2018-02-24 19:12:12

Dhaka Chamber of Commerce and Industry (DCCI) requested political parties to refrain from hampering economic development for personal benefits ahead of national elections.    “We call...

Bangladesh Computer Council bags int’l award for innovation

Bangladesh Computer Council bags int’l award for innovation

-- 2018-02-24 18:23:50

Bangladesh Computer Council (BCC) has won ‘Open Group President Awards-2018’ for innovation in developing Bangladesh National Enterprise Architecture (BNEA) that will make government infor...

Disparity in distribution of wealth getting bigger: Study

Disparity in distribution of wealth getting bigger: Study

-- 2018-02-24 17:48:22

In Bangladesh rising GDP growth and rising income and wealth inequalities walk hand in hand, said the Norwegian envoy in Dhaka citing a study. A recent study by the Centre for Policy Dialogue (CPD) h...

Government to initiate project for creating women ICT entrepreneurs

Government to initiate project for creating women ICT entrepreneurs

-- 2018-02-24 17:05:45

The government has designed a project to create more female entrepreneurs in the Information and Communication Technology (ICT) sector.  The 'She Power Project’, developed under the guidan...

Facebook removes shooting game demo

Facebook removes shooting game demo

-- 2018-02-24 11:03:12

Facebook has said it regrets promoting a virtual reality shooting game on its stand at a US conservatives' event. The game allows the player to shoot imaginary weapons against enemies in a public tra...

UK economy lags behind G7 after  growth rate cut

UK economy lags behind G7 after growth rate cut

-- 2018-02-24 10:48:04

Britain’s economy was weaker than previously thought in 2017, official data showed on Thursday, leaving the country lagging further behind the global recovery as it prepares to leave the Europea...