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The Financial Express

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ADB to provide $500m loan to Bangladesh as budget support

ADB to provide $500m loan to Bangladesh as budget support

-- 2022-09-15 16:55:12

The Asian Development Bank (ADB) would provide $500 million to Bangladesh as budget support on soft conditions. ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting...

BB increases shippers' EDF facility

BB increases shippers' EDF facility

-- 2022-09-15 16:33:20

Bangladesh Bank (BB) has introduced a facility for exporters to repay the loans taken from its Export Development Fund (EDF) in instalments. From now, the entire loan liability can be repaid in three...

Govt appoints Genex Infosys for VAT collection

Govt appoints Genex Infosys for VAT collection

-- 2022-09-14 18:41:00

Genex Infosys Limited, a leading IT service provider, will provide and install 300,000 VAT collecting machines in Dhaka city and its adjoining areas as well as in Chottagram city in the next three yea...

Apple's A17 processor  to use latest chip tech by Taiwan's TSMC

Apple's A17 processor to use latest chip tech by Taiwan's TSMC

-- 2022-09-14 17:18:07

Apple Inc is planning to use an updated version of Taiwanese chipmaker TSMC's latest chip producing technology in iPhones and Macbooks next year, reports Reuters citing Nikkei Asia newspaper...

‘Market-based foreign exchange rate on the cards’

‘Market-based foreign exchange rate on the cards’

-- 2022-09-14 17:01:27

Finance Minister AHM Mustafa Kamal has said that the government is considering introducing market-based foreign currency exchange rates. “We’re contemplating going for market-based foreig...

South Korea fines Google, Meta billions of won for privacy violations

South Korea fines Google, Meta billions of won for privacy violations

REUTERS 2022-09-14 14:25:55

South Korea levied millions of dollars in fines on Alphabet's Google and Meta Platforms for privacy law violations, authorities said on Wednesday, as Meta considers fighting the decision in court. In...

Akhaura-Agartola railway line project: ECNEC extends its deadline yet again

Akhaura-Agartola railway line project: ECNEC extends its deadline yet again

FE REPORT 2022-09-14 08:49:11

Failure in completing an India-funded 10km cross-border railway line installation project has compelled the government to extend the deadline on the fourth occasion, officials said on Tuesday. The go...

Central bank website shows Tk 106.15 as highest inter-bank dollar exchange rate

Central bank website shows Tk 106.15 as highest inter-bank dollar exchange rate

FE ONLINE DESK 2022-09-13 20:25:30

The website of the Bangladesh Bank shows Tk 106.15 as the highest inter-bank rate of dollar exchanges and Tk 101.67 as the lowest rate. According to the website of the central bank, these prices were...

BD can earn $20b more from exports to EU, UK

BD can earn $20b more from exports to EU, UK

MONIRA MUNNI 2022-09-13 08:58:48

Bangladesh could earn an additional US$20 billion through export of goods to the European Union (EU) and the United Kingdom (UK), as full potentials of the markets still remain untapped, according to...

Dollar gets costlier by Tk 1.0

Dollar gets costlier by Tk 1.0

FE ONLINE REPORT 2022-09-12 21:52:07

The taka depreciated further against the US dollar on Monday, more than a month after a similar fall. The local currency lost its value by Tk 1.0 on the interbank foreign exchange (forex) market on t...

This might hurt: tectonic plates of global economy shift

This might hurt: tectonic plates of global economy shift

-- 2022-09-12 20:17:17

When the Shannon family announced the closure of their garden centre just off London's busy South Circular road after 33 years of trading this month, their message to customers sought to explain their...

BBG discuss ways to overcome trade challenges after Bangladesh’s LDC graduation

BBG discuss ways to overcome trade challenges after Bangladesh’s LDC graduation

FE ONLINE DESK 2022-09-12 19:11:06

The British Business Group (BBG) Bangladesh recently organised an event to discuss on the preparation, planning, implementation, and monitoring of the possible challenges of Bangladesh’s LDC gra...

Economic benefit of hydrocele surgery outweighs cost by 15 times

Economic benefit of hydrocele surgery outweighs cost by 15 times

-- 2022-09-12 18:47:52

The economic benefit of hydrocele surgery outweighs the cost by 15 times, said International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) on Monday. It noted that patients with scrota...

IMF eyes expanded access to emergency aid for food shocks

IMF eyes expanded access to emergency aid for food shocks

REUTERS 2022-09-12 13:18:22

The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday...

Foreign currency dealers, banks cap dollar exchange rates

Foreign currency dealers, banks cap dollar exchange rates

-- 2022-09-11 18:48:32

Foreign currency dealers and banks have finally capped the dollar exchange rates following Bangladesh Bank’s instructions amid a lingering crisis centring the greenback. The ceiling will be Tk...

Rice acreage declines both in Aus and Aman season

Rice acreage declines both in Aus and Aman season

YASIR WARDAD 2022-09-11 18:30:28

Rice acreage in both Aus and Aman seasons, which comprise 45 per cent of the country's rice supplies combined, has shrunk notably this year, causing a great concern for food security. The astronomica...

Do sufficient homework to make trade policies suitable, economists suggest

Do sufficient homework to make trade policies suitable, economists suggest

FE Report 2022-09-11 08:50:04

Economists at a function on Saturday stressed the need for doing sufficient homework to make the country's trade policies and strategies suitable for regional cooperation agreements. Regional trade a...

‘Bangladesh yet to meet minimum requirements of fiscal transparency'

‘Bangladesh yet to meet minimum requirements of fiscal transparency'

FE ONLINE REPORT 2022-09-10 17:43:34

Bangladesh has made significant progress towards meeting international requirements of fiscal transparency for the first time, but it continues to fall short of the minimum standard, according to the...

Manpower export sees robust growth in eight months

Manpower export sees robust growth in eight months

Arafat Ara 2022-09-10 08:43:07

The country's overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 w...

Dhaka cautiously weighs export, revenue losses

Dhaka cautiously weighs export, revenue losses

REZAUL KARIM 2022-09-10 08:39:18

Experts have cautioned that Bangladesh's exports might shrink and industries suffer setbacks if the country joins a new free-trading bloc called RCEP, unless its privileged market access is secured....

Review of ADB-funded projects next week

Review of ADB-funded projects next week

FHM HUMAYAN KABIR 2022-09-10 08:35:51

The Asian Development Bank (ADB) will review the projects it is bankrolling in Bangladesh next week as some of them are 'slow-moving' and 'problematic', insiders said on Friday. The Manila-based lend...

World Bank delivers record $31.7b aid in climate finance

World Bank delivers record $31.7b aid in climate finance

FE ONLINE REPORT  2022-09-09 17:31:05

The World Bank Group delivered a record $31.7 billion in the fiscal year 2022 (FY22) to help countries address climate change.  This is a 19 per cent increase from the $26.6 billion all-time hig...

Starlink had promising talks with Apple over emergency messaging feature: Musk

Starlink had promising talks with Apple over emergency messaging feature: Musk

REUTERS 2022-09-09 12:33:10

Elon Musk said on Thursday SpaceX had promising talks with Apple Inc about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Global...

Tk 6.66b tax at source collected through e-TDS method in 10 months 

Tk 6.66b tax at source collected through e-TDS method in 10 months 

-- 2022-09-08 19:42:59

Some Tk 6.66 billion were collected from the electronic tax deducted at source (e-TDS) method over the last 10 months till August this year.  The National Board of Revenue (NBR) launched this au...

Default bank loans surge to record 1.25 trillion in Bangladesh 

Default bank loans surge to record 1.25 trillion in Bangladesh 

-- 2022-09-08 19:27:17

The amount of defaulted bank loans in the country increased by about 9.0 per cent to a record Tk 1.25 trillion amid the adverse impact of the Covid-19 pandemic until June this year.  According...

UK to invest 54.5m pounds for children in Bangladesh  

UK to invest 54.5m pounds for children in Bangladesh  

-- 2022-09-08 19:09:39

British Deputy High Commissioner Javed Patel has said ensuring 12 years of quality education for all children is at the centre of the UK’s drive to tackle poverty, promote gender equality, boost...

Apple unveils iPhone 14 with emergency satellite messaging

Apple unveils iPhone 14 with emergency satellite messaging

-- 2022-09-08 09:41:42

Apple introduced a range of new iPhone 14 models capable of sending a call for help via satellite during an emergency, as well as the crash-detection ability and an adventure-focused Ultra Watch....

Ample world rice supplies to cushion impact of Pakistan, China crop losses

Ample world rice supplies to cushion impact of Pakistan, China crop losses

-- 2022-09-07 20:54:50

Abundant rice supplies in key exporters may largely offset an expected drop in output after floods in Pakistan and severe heatwave in China damaged crops, capping any gains in prices from steady Asian...

US bars its 'advanced tech' firms from building China factories for 10 years

US bars its 'advanced tech' firms from building China factories for 10 years

-- 2022-09-07 18:55:43

US tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years, the Biden administration has said. The guidelines were unveiled as...

Bank accounts with above Tk 10m rise amid economic crisis

Bank accounts with above Tk 10m rise amid economic crisis

-- 2022-09-07 18:49:56

The number of account holders with deposits of Tk 10 million and above, has gone up to 1,08,457 as of June in Bangladeshi banks, amid the economic crisis.  Bangladesh Bank’s updated data r...