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The Financial Express

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2.1m youths get self-employment training in eight yrs

2.1m youths get self-employment training in eight yrs

-- 2018-01-22 08:36:15

Youth Development Department has trained some 2.1 million youths on different trades across the country in last eight years. The information was revealed as State Minister for Youth and Sports Biren...

Digital ICT Fair begins on February 7

Digital ICT Fair begins on February 7

FE Online Report 2018-01-22 07:17:49

The Digital ICT Fair-2018 is set to begin on February 7 at Multiplan Centre in Dhaka aiming to spread digital literacy among mass people. The 9th edition of this fair, organised by the ECS Computer...

NBR to launch software for replacing manual selection of tax file

NBR to launch software for replacing manual selection of tax file

-- 2018-01-21 12:00:00

Many of the country’s taxpayers often complain that their tax files are targeted on purpose for auditing just to harass them.  However, officials working in the government's taxation depar...

Umpteen clients of NBFIs unsafe

Umpteen clients of NBFIs unsafe

Jasim Uddin Haroon 2018-01-21 11:18:55

Bangladesh's 34 non-bank financial institutions all operate outside deposit-insurance system, thus denying myriad of savers protections in case of the NBFIs going bankrupt or losing the capacity to pa...

Reform rules, cut corporate tax to 25pc to net in investment

Reform rules, cut corporate tax to 25pc to net in investment

FE Report 2018-01-21 05:32:47

A national policy think-tank suggests Bangladesh knock down maximum corporate tax to 25 per cent over a three-year period as part of reform to spur investment and economic growth. At the same time, t...

China economy to grow better in 2018

China economy to grow better in 2018

Xinhua 2018-01-21 01:41:43

China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in GDP growth is the popular view among global investors given a...

Padma bridge suffers from surfeit of funds as work decelerates

Padma bridge suffers from surfeit of funds as work decelerates

FHM Humayan Kabir 2018-01-20 12:00:00

As construction work decelerates sharply, the Padma bridge needs 17 per cent or Tk 47.03 billion less money in the country's upcoming revised development budget, officials said. The Bridges Division...

Mobile internet access in B'desh lower than South Asian average

Mobile internet access in B'desh lower than South Asian average

Ismail Hossain 2018-01-20 12:00:00

The mobile telephony sector must take data protection seriously if it wants be at the heart of digital community, a top executive of global telecom industry has said. "The mobile industry will not be...

Argentina GDP grows 2.9pc in 2017

Argentina GDP grows 2.9pc in 2017

-- 2018-01-20 12:00:00

Argentina's economy expanded by 2.9 per cent in 2017, and grew 0.7 per cent in the fourth quarter from the third quarter, a Treasury Ministry source said. The gross domestic product (GDP) of the uppe...

Tk 20.8b dev project for Rajshahi division

Tk 20.8b dev project for Rajshahi division

-- 2018-01-20 12:00:00

The government has taken an initiative to implement a mega project in Rajshahi division, excluding Sirajganj, at an estimated cost of Tk 20.80 billion for overall rural infrastructure development. Lo...

Egyptian mummy duo not brothers, genetics finds

Egyptian mummy duo not brothers, genetics finds

-- 2018-01-20 12:00:00

Long ago, Egyptians carved a cemetery into a rock wall along the Nile River 250 miles south of Cairo. The cemetery outlasted its 12th Dynasty creators. It survived intermittent pillaging by tomb raide...

Internet giants 'better' at removing hate speech: EU

Internet giants 'better' at removing hate speech: EU

-- 2018-01-20 11:56:15

Net firms are getting better at removing illegal hate speech, according to the European Union. Facebook, Twitter, YouTube and Microsoft all took place in a voluntary EU scheme to monitor their platfo...

Facebook to priotise news based on trust survey

Facebook to priotise news based on trust survey

Reuters 2018-01-20 11:35:59

Facebook Inc will prioritise "trustworthy" news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Ma...

NY Fed reduces Q1 GDP target

NY Fed reduces Q1 GDP target

-- 2018-01-20 01:10:54

The New York Fed, the Federal Reserve Bank of New York, has reduced its estimate on US gross domestic product (GDP) growth for the first quarter of 2018. The bank on Friday reduced the estimated GDP...

Asian Clearing Union includes JPY in currency basket

Asian Clearing Union includes JPY in currency basket

FE Report 2018-01-19 12:39:18

Country's banks are now allowed to use Japanese yen (JPY), along with the US dollar and Euro, for settling payments under the Asian Clearing Union (ACU) mechanism, officials said Thursday. The commer...

Apple to release software update to resolve iPhone slowdown

Apple to release software update to resolve iPhone slowdown

-- 2018-01-19 12:00:00

Apple Inc will release a software update that will allow users to turn off a feature that slows down iPhones when batteries are low on charge, Chief Executive Tim Cook said. Apple will release a test...

Sweden leads Scandinavian growth outlook

Sweden leads Scandinavian growth outlook

Reuters 2018-01-19 12:00:00

Swedish and Danish growth prospects for 2018 have brightened in recent months, following last year’s forecast-beating economic performance in Scandinavia, a Reuters poll of economists showed on...

Philippines rice harvest hits record high

Philippines rice harvest hits record high

-- 2018-01-19 12:00:00

The Philippines’ rice output grew at record high in the fourth quarter (Q4), while the total agricultural output grew 2.2 per cent in the same period. The paddy rice output of the 9th largest r...

BB likely to place proposals for new banks in next board meeting

BB likely to place proposals for new banks in next board meeting

Siddique Islam 2018-01-19 09:58:07

The central bank is likely to place proposals for a couple of new banks before the next meeting of its board of directors for consideration. It is now scrutinising proposals by Bengal Bank and People...

Financing LNG sector to depend largely on int'l lending agencies

Financing LNG sector to depend largely on int'l lending agencies

Syful Islam 2018-01-19 09:46:12

Bangladesh would have to depend largely on international lending agencies for financing the investment needs of LNG (liquefied natural gas) sector, officials said. Because, they said, sourcing of suc...

Hi-tech parks to create 0.30m jobs

Hi-tech parks to create 0.30m jobs

-- 2018-01-19 04:06:35

The government has taken initiatives to set up hi-tech parks in all districts of the country which will create around 0.30 million jobs. The steps have been taken to set up the software technology pa...

Bangladesh eyes power plant projects in Nepal

Bangladesh eyes power plant projects in Nepal

FE Online Desk 2018-01-19 03:28:48

Bangladesh has proposed to build hydroelectric projects in Nepal to expand its power options after spending $1 billion to build electricity plants in Bhutan. “In order to meet growing demand, w...

Bank Indonesia holds key rates

Bank Indonesia holds key rates

-- 2018-01-19 01:53:21

Bank Indonesia (BI) has kept its key interest rate unchanged, as expected, to give banks more liquidity and encourage them to invest money. The central bank of the largest economic country in Southea...

China Q4 GDP growth exceeds expectations

China Q4 GDP growth exceeds expectations

-- 2018-01-18 12:00:00

China's annual gross domestic product (GDP) grew 6.8 per cent in the fourth quarter (Q4) of 2017 from a year earlier, better than expectations, official data showed on Thursday. A Reuters poll had ex...

Ban on export of raw jute varieties

Ban on export of raw jute varieties

FE Online Report 2018-01-18 12:00:00

The government of Bangladesh has imposed an indefinite ban on export of certain categories of raw jute, said an official source. The embargo on export came on Thursday in response to the requests put...

BOK holds key interest rate steady

BOK holds key interest rate steady

-- 2018-01-18 12:00:00

The Bank of Korea (BOK) has kept interest rates unchanged on Thursday, as expected, on the uncertainties of inside and outside of the country. The BOK Governor Lee Ju-yeol said, “We decided to...

ADB to support Bangladesh in implementing SDGs

ADB to support Bangladesh in implementing SDGs

FE Online Desk 2018-01-18 12:00:00

Asian Development Bank (ADB) reaffirmed its commitment to support Bangladesh in achieving the Sustainable Development Goals (SDGs). ADB’s Vice-President Wencai Zhang said it on Thursday. Zhang...

A message that’s causing iPhones to crash   

A message that’s causing iPhones to crash  

-- 2018-01-18 10:39:29

A new "text bomb" affecting Apple's iPhone and Mac computers has been discovered. Abraham Masri, a software developer, tweeted about the flaw which typically causes an iPhone to crash and in some cas...

Social media firms defend AI’s effectiveness in spotting terrorism

Social media firms defend AI’s effectiveness in spotting terrorism

-- 2018-01-18 10:33:03

Top social media firms on Wednesday stressed the increasing effectiveness of artificial intelligence (AI) tools to spot posts from terrorists in a Senate Commerce Committee hearing. Executives from F...

Economists fear family ‘oligopoly’ in banking

Economists fear family ‘oligopoly’ in banking

Jasim Uddin Haroon 2018-01-18 10:21:35

Financial experts said majority stakeholders of banks disfavor the latest legal amendment as they fear inducting four members of a family into bank boards would help establish oligopoly in the banki...