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The Financial Express

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Facebook launches 'downvote' button on pilot basis

Facebook launches 'downvote' button on pilot basis

-- 2018-02-10 11:15:19

Facebook is testing a new "downvote" button that will let people hide comments and provide feedback about them. However, the social network denied that the new feature was a "dislike" button, which m...

Govt accounting of assets, liabilities on 'accrual' basis fails

Govt accounting of assets, liabilities on 'accrual' basis fails

Jasim Uddin Haroon 2018-02-10 10:35:40

A government move to convert its fiscal accounting to "accrual" system fails to sail through in eight years and, under the circumstances, the country does not get a realistic picture of transactions a...

Most banks not using risk tools

Most banks not using risk tools

Mehdi Musharraf Bhuiyan 2018-02-10 10:06:54

Almost two-third of the country's banking entities are not using risk tools in their decision making procedure, according to a recent survey conducted on the chief risk officers (CROs) of the banking...

BD seeks $ 1.37b from India for three projects under LoC-III

BD seeks $ 1.37b from India for three projects under LoC-III

FHM Humayan Kabir 2018-02-10 09:57:42

Dhaka sent three project proposals to New Delhi recently for getting endorsement of receiving nearly US$1.37 billion fund from the third phase of India's US$4.5 billion Line of Credit (LoC-III), offic...

BR readies revised mega master plan

BR readies revised mega master plan

Munima Sultana 2018-02-10 09:29:44

Bangladesh Railway (BR) completed the revision of its master plan with an investment proposal of Tk 5.10 trillion until 2045 for making the train system efficient in both cases of passenger and freigh...

China inflation eases in January

China inflation eases in January

-- 2018-02-09 15:38:34

The consumer inflation of China eased lowest since July 2017, even as global stock markets nosedive on fears that price pressures are slowly building in the United States and Europe. The consumer pri...

Cannot continue in UK without profit: Japan

Cannot continue in UK without profit: Japan

-- 2018-02-09 15:18:46

Japan has warned Prime Minister Theresa May that its companies would have to leave Britain if trade barriers after Brexit made them unprofitable. “If there is no profitability of continuing ope...

US govt shuts down for second time in three weeks

US govt shuts down for second time in three weeks

-- 2018-02-09 15:16:15

The US Senate approved a budget deal including a stopgap government funding bill early on Friday, but it was too late to prevent a federal shutdown that was already underway in an embarrassing setback...

Philippine bank threatens counter-suit over BB heist

Philippine bank threatens counter-suit over BB heist

-- 2018-02-09 14:45:52

A day after Bangladesh confirmed that it would sue a Philippines bank in US for damages over the 2016 cyber heist, Manila-based Rizal Commercial Bank Corp or RCBC has threatened counter measures. In...

NBR claims Tk 9.24b tax from Robi

NBR claims Tk 9.24b tax from Robi

-- 2018-02-09 14:11:02

The revenue authority has claimed Tk 9.24 billion in unpaid taxes from mobile telephone operator Robi Axiata Limited. The National Board of Revenue INBR) has sent five letters to the mobile operator...

Sonali Bank wants govt to help recover embezzled money

Sonali Bank wants govt to help recover embezzled money

Rezaul Karim 2018-02-09 10:14:07

Sonali Bank called for government intervention to recover huge funds embezzled by Hall-Mark and five other entities as a latest reminder came from above. Recently, the Financial Institutions Division...

NPLs soar four times in last Jan-Sept

NPLs soar four times in last Jan-Sept

Siddique Islam 2018-02-09 09:26:40

The classified loans of the offshore banking units (OBUs) of different banks swelled more than four times or Tk 3.18 billion in the first nine months of the last calendar year (2017). The non-perfo...

BB forecasts continuity of upward trend in remittance

BB forecasts continuity of upward trend in remittance

-- 2018-02-08 23:07:45

The central bank predicts that the recent increasing trend of remittance is likely to continue in the ensuing months. Bangladesh Bank (BB) Deputy Governor Abu Hena Mohammad Razee Hassan said the rece...

ICT exporters to get 10pc subsidy

ICT exporters to get 10pc subsidy

-- 2018-02-08 20:07:56

The exporters of the Information and Communication Technology (ICT) sector will get 10 per cent subsidy. Bangladesh Bank (BB) issued a circular on Thursday announcing the subsidy for the exporters of...

Australia’s $40b tourism industry under threat of climate change

Australia’s $40b tourism industry under threat of climate change

-- 2018-02-08 19:00:20

Australia’s $40 billion tourism ­industry is in danger and least prepared to deal with climate change, warned the Climate Council. Some of the country’s most prized natural assets, su...

Indian company to set up cold storage facility in BD

Indian company to set up cold storage facility in BD

-- 2018-02-08 17:21:23

Ahmedabad-based Natural Storage Solutions Pvt Ltd (NSSPL) announced the signing of a memorandum of understanding (MoU) with Dhaka-based Star Infrastructure Development Consortium Ltd for setting up a...

S Korea to keep rates accommodative: BOK

S Korea to keep rates accommodative: BOK

-- 2018-02-08 14:45:16

The Bank of Korea (BOK), the central bank of South Korea, has said that it would keep interest rates accommodative for now because inflation is tepid and consumers are saddled with record household de...

German trade surplus falls in 2017

German trade surplus falls in 2017

-- 2018-02-08 14:22:12

Germany’s trade surplus fell in 2017 for the first time in eight years, data showed on Thursday, in a further sign that vibrant domestic demand is sucking in more imports. The trade surplus i...

BoE to send new rates message

BoE to send new rates message

-- 2018-02-08 13:41:39

The Bank of England (BoE) is expected to say on Thursday that another rate hike could be nearing as the country’s economy grows faster than expected ahead of its departure from the European Unio...

Hackers steal mobile data on 0.8m Swiss users

Hackers steal mobile data on 0.8m Swiss users

-- 2018-02-08 12:12:44

A Swiss mobile phone operator says its data systems were breached late last year and the contact details of about 800,000 customers were compromised. Swisscom said Wednesday that the names, addresses...

DMTCL submits Tk 7.09b project bid to start design

DMTCL submits Tk 7.09b project bid to start design

FHM Humayan Kabir 2018-02-08 10:31:16

The government will start detailed design of a fresh metro-rail line between Airport and Kamalapur, as the agency concerned has sought approval of a project in this regard, officials said on Wednesday...

20 platoons BGB deployed in Dhaka

20 platoons BGB deployed in Dhaka

-- 2018-02-07 17:49:40

The government has deployed 20 platoons of Border Guard Bangladesh (BGB) forces in Dhaka ahead of Thursday's graft verdict against Khaleda Zia. The paramilitary force members have also been deploye...

Huawei opens campaign to express love

Huawei opens campaign to express love

-- 2018-02-07 16:42:56

Huawei has launched a campaign named 'Express Your Love' for the upcoming Valentine's Day. The campaign is decorated on the idea of expressing the love with dear ones. Lucky winners will get the chan...

BD will sue Filipino bank to recover stolen money: Muhith

BD will sue Filipino bank to recover stolen money: Muhith

FE Online Report 2018-02-07 16:27:45

Bangladesh will file case against Rizal Commercial Banking Corporation of Philippines to recover the stolen reserve money. Finance Minister Abul Maal Abdul Muhith came up with the statement on Wednes...

German industry output falls

German industry output falls

-- 2018-02-07 15:48:07

German industrial output edged lower in December, falling more than expected, but the factory output surge in orders and buoyant business sentiment point to solid growth in the coming months. The ind...

Apple sees 'strong demand' for iPhone battery replacement

Apple sees 'strong demand' for iPhone battery replacement

-- 2018-02-07 12:40:46

Apple Inc has seen “strong demand” for replacement iPhone batteries and may offer rebates for consumers who paid full price for new batteries, the company said in a letter to US lawmakers...

BPC suffers Tk 5.0b loss in last three months

BPC suffers Tk 5.0b loss in last three months

M Azizur Rahman 2018-02-07 10:51:48

Bangladesh Petroleum Corporation (BPC) has incurred a loss of over Tk 5.0 billion in fuel oil trading over the past three months to January as the price of the petroleum products in the international...

Elon Musk's rocket launches successfully

Elon Musk's rocket launches successfully

-- 2018-02-07 10:20:38

US entrepreneur Elon Musk has launched his new rocket, the Falcon Heavy, from the Kennedy Space Center in Florida. The mammoth vehicle - the most powerful since the shuttle system - lifted clear of i...

Foreign-aid budget to see cuts for slow project execution

Foreign-aid budget to see cuts for slow project execution

FHM Humayan Kabir 2018-02-07 09:42:22

The government cuts foreign-aid component of Bangladesh development budget by 9.0 per cent or Tk 49.50 billion for project-implementation backlog, officials said. They said Tuesday the upcoming rev...

World's most powerful rocket set for launch

World's most powerful rocket set for launch

-- 2018-02-06 14:37:53

US entrepreneur Elon Musk will attempt to fly the world's most powerful rocket later from the Kennedy Space Center. His Falcon Heavy vehicle is designed to have more than twice the lifting capacity o...