Search results for: EC

Record number of workers went abroad in 2017 

-- 2018-01-15 10:27:10

A record number of 1.01 million workers went abroad in 2017, which is roughly 0.25 million more than that of the previous year. Expatriates' Welfare and Overseas Employment Minister Nurul Islam infor...

BoJ chief expects to hit inflation goal

-- 2018-01-15 03:12:07

Bank of Japan Governor Haruhiko Kuroda on Monday reiterated his expectation to achieve the central bank’s ambitious 2.0 per cent inflation target. The BoJ governor’s positive comments on...

Swedish apartment prices fall in Q4

-- 2018-01-15 02:49:40

Swedish apartment prices fell 2.0 per cent in the fourth quarter (Q4) from the same period a year earlier, data from an association of the country’s real estate agents showed on Monday. Prices...

Peru economy grows 1.78pc in Nov

-- 2018-01-15 02:24:52

Peru’s economy grew by 1.78 per cent in November from the same month a year earlier thanks to a surge in foreign demand for the country’s mineral exports, state statistics agency Inei said...

Twitter account of top UN diplomat hacked

-- 2018-01-14 12:00:00

The Twitter handle of India's top diplomat to the United Nations was on early Sunday morning hacked and later restored. As part of the cyber attack, two images were posted from the verified handle o...

Depreciation of taka benefits Bangladeshis in Qatar

FE Online Desk 2018-01-14 12:00:00

Bangladeshis, among all the expatriates in Qatar, benefitted most by currency fluctuation last year. Bangladeshi taka depreciated by around 5.0 per cent in 2017, giving the community of expatriates e...

BD worst among SA countries in production readiness index

Nashir Uddin with SM Nazmus Sakib 2018-01-14 12:00:00

Bangladesh has been positioned as the poorest performer among its South Asian neighbours in a latest worldwide ranking. The Switzerland-based World Economic Forum (WEF) has published the evaluation t...

Spain seeks EU’s assistance from economic meltdown

-- 2018-01-14 12:00:00

Spanish tourism, finance and agriculture could be badly damaged if the EU fails to broker a deal with the UK over Brexit, the nation’s regional officials have warned. The EU’s European Co...

NBR yet to realise Tk 218b VAT, SD arrears from Petrobangla

FE Report 2018-01-14 11:10:12

No visible progress has yet been made despite the government's efforts to realise Tk 218 billion in arrears from Petrobangla. Over last several months, National Board of Revenue (NBR) was trying to...

Finance minister disproves CPD statement terming it ‘rubbish’

-- 2018-01-14 08:00:36

Finance Minister Abul Maal Abdul Muhith came down heavily on Centre for Policy Dialogue (CPD) saying it never recognised the country's achievements. On Sunday, he also labelled the local think-tank&r...

‘Low’ vegetable output yet to meet consumer requirements

-- 2018-01-14 07:30:27

The vegetable varieties grown on less than one-tenth (9.38 pc) of the country's total cultivable lands can cater to one-third (32 pc) of the consumers’ daily requirements. The information was r...

Rising cotton import likely conduit for money laundering

FE Report 2018-01-14 05:53:49

A policy think-tank sees surging cotton import into Bangladesh as "suspicious" as it may be a means of siphoning off money. The Centre for Policy Dialogue (CPD) came up Saturday with such scepticism...

337.2m euro deals with Germany for energy, climate

-- 2018-01-14 04:52:10

Bangladesh and Germany have signed three bilateral agreements for implementing projects in different sectors, including energy and climate. The agreements, worth 337.20 million euro, were signed tod...

Egypt revises up growth forecast for 2017-18

Reuters 2018-01-14 02:25:50

Egypt has revised its GDP forecast for the 2017-18 fiscal year beginning in July up to 5.3-5.5 per cent, from 4.8 per cent previously, Planning Minister Hala al-Saeed said on Saturday. Saeed said the...

Power sector seeks Tk 46.18b more

FHM Humayan Kabir 2018-01-13 12:00:00

Power sector has sought Tk 46.18 billion more in the revised annual development budget (RADP) as some ongoing projects on electricity generation, transmission and distribution need money beyond the al...

Forex flies out as MNCs get insured abroad illicitly

Jasim Uddin Haroon and Syful Islam 2018-01-13 12:00:00

Many of the multinational companies (MNCs) in Bangladesh allegedly get underwritten the risk coverage of their assets from abroad on double deception: revenue evasion and foreign-exchange siphoning....

Fully autonomous car without steering wheel on cards

-- 2018-01-13 12:00:00

General Motors Co is seeking US government approval for a fully autonomous car - one without a steering wheel, brake pedal or accelerator pedal - to enter the automaker’s first commercial ride-s...

ADB’s development financing for Asia, Pacific's growth reaches $28.9b

-- 2018-01-13 12:00:00

Asian Development Bank (ADB) operations, comprising approvals of loans and grants, technical assistance (TA) and cofinancing, reached $28.9 billion in 2017 in its continued efforts to help meet Asia a...

CPD labels 2017 as year of banking fraud

-- 2018-01-13 12:00:00

Country’s leading think-tank Centre for Policy Dialogue (CPD) has highlighted the year 2017 as year of banking scam. CPD’s distinguished fellow Debapriya Bhattacharya said, "The year 2017...

‘Doubts’ on Uber spying on rivals

Reuters 2018-01-13 11:33:15

The former security chief of Uber Technologies Inc swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc’s self-driving unit W...

FDI slightly up in Jan-Sept

FE Online Report 2018-01-13 10:40:52

Net inflow of Foreign Direct Investment (FDI) increased marginally in the first nine months of 2017, according to the latest statistics of the central bank. It showed that net inflow of FDI stood at...

Almas Kabir takes the helm of BASIS

-- 2018-01-13 10:18:07

Syed Almas Kabir, Chief Executive Officer of MetroNet Bangladesh Limited, has taken over the charge of president of the Bangladesh Association of Software and Information Services (BASIS), the nationa...

Growing consumer class claims substantial loans

Siddique Islam 2018-01-13 09:35:08

Consumer-credit flow grows stronger, indicating rise of the consumer class in Bangladesh, outweighing central bank's diligent drive to divert loans to productive sectors. Increasing numbers of people...

Bank Indonesia warns over cryptocurrencies

-- 2018-01-13 03:10:10

Bank Indonesia (BI) has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial...

Facebook shares fall after News Feed overhaul

Reuters 2018-01-13 02:36:06

Shares of Facebook Inc (FB.O) fell more than 4 per cent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he sa...

German economy likely slowed in late 2017

Reuters 2018-01-13 01:38:48

German economic growth probably slowed at the end of 2017 but strong order intake and positive business expectations suggest Europe’s largest economy will continue to be robust this year, the Ec...

US core CPI rises to 0.30pc in Dec

-- 2018-01-13 01:38:27

US Consumer Price Index (CPI), excluding the volatile food and energy components, rose 0.3 per cent in December amid strong gains in the cost of rental accommodation and healthcare. Economists are ho...

Facebook plans major changes to news feed

BBC 2018-01-12 12:00:00

Facebook is to change how its news feed works, making posts from businesses, brands and media less prominent. Instead, content that sparks conversations among family and friends who use the site will...

China to invest $5.0b in BD economic zone

Doulot Akter Mala 2018-01-12 12:00:00

A Chinese company has moved fast to invest US$ 5.0 billion in a special economic zone of Bangladesh for establishing industries that include a massive 2640-megawatt power plant. Officials said Bangla...

Satellite to capture hi-def video of earth’s surface

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

A British satellite has gone into orbit on an Indian rocket to acquire full-colour, high-definition video of the surface of the Earth. The demonstrator is expected to pave the way for a series of at...