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The Financial Express

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WB to give $245m deal for BD safety-net schemes

WB to give $245m deal for BD safety-net schemes

-- 2018-01-08 09:08:29

The World Bank (WB) has agreed to sign a US$245 million additional loan agreement with Bangladesh for ensuring equity, efficiency and transparency in the latter’s safety-net programmes. An agre...

CAB demands withdrawal of power tariff hike

CAB demands withdrawal of power tariff hike

FE Report 2018-01-07 12:00:00

Terming the Bangladesh Energy Regulatory Commission (BERC) a biased organisation, the Consumers Association of Bangladesh (CAB) has demanded a rollback in the recent power tariff hike of Tk 0.35...

Taxpayers suffer as NBR can't carefully verify return audit

Taxpayers suffer as NBR can't carefully verify return audit

Doulot Akter Mala 2018-01-07 12:00:00

Government revenue authority lacks scope to centrally verify accuracy of the selected tax-returns coming from outfield offices for audit, resulting in alleged harassment of the taxpayers. Sources sai...

US Fed rate-setter for three hikes this year

US Fed rate-setter for three hikes this year

Reuters 2018-01-07 12:00:00

The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key US rat...

Payra power plant project: Govt gives guarantee for US$ 1.0b Chinese loan

Payra power plant project: Govt gives guarantee for US$ 1.0b Chinese loan

FE Report 2018-01-07 12:00:00

The government has issued a US$ 1.0 billion worth of state guarantee in favour of Chinese loan for implementing a 1320-mw Payra coal-based power plant project, officials have said. A senior finance m...

Pirated imports of mobile phones cost govt Tk 7.0b annually

Pirated imports of mobile phones cost govt Tk 7.0b annually

-- 2018-01-07 12:00:00

The government is losing around Tk 7.0 billion duties every year due to illegal imports, mainly through luggage, of unauthorised mobile phone sets. "The government has been losing huge amount of duti...

Bangladesh's graduation from LDC status in March

Bangladesh's graduation from LDC status in March

-- 2018-01-07 12:00:00

Bangladesh will graduate as a developing country from the status of a least developed country (LDC) in March. A senior minister of the government came up with the assertion in Dhaka on Sunday after e...

Laggard projects losing funds to faster ones in RADP

Laggard projects losing funds to faster ones in RADP

FHM Humayan Kabir 2018-01-07 11:59:37

Revision of the present Annual Development Programme (ADP) began with emphasis on more fund allocations for the ongoing projects instead of incorporating fresh ones-unlike previous practice. As the P...

Legendary astronaut John Young dies

Legendary astronaut John Young dies

Reuters 2018-01-07 10:58:28

US astronaut John Young, who walked on the moon in 1972 and even smuggled a corned beef sandwich into orbit during a career that made him the only person to fly with three NASA space programmes, has d...

Japanese ODA loan package may get delayed

Japanese ODA loan package may get delayed

Syful Islam 2018-01-06 12:00:00

A discord between Bangladesh Bank (BB) and the Bank of Tokyo-Mitsubishi (BTMU) over bank-commission payment on the latest ODA loan package may delay the Japanese funding of six more important developm...

White noise video on YouTube hit by copyright claims

White noise video on YouTube hit by copyright claims

BBC 2018-01-06 12:00:00

A musician who made a 10-hour long video of continuous white noise - indistinct electronic hissing - has said five copyright infringement claims have been made against him. Sebastian Tomczak, who is...

Deficit financing jumps 48pc in July-Oct

Deficit financing jumps 48pc in July-Oct

FE Online Report 2018-01-06 12:00:00

Financing of the budget deficit in the first four months of the current fiscal year (FY18) stood at Tk 208.04 billion, according to the latest statistics of the central bank. The amount was 48 per ce...

King Salman orders to pay citizens inflation allowances

King Salman orders to pay citizens inflation allowances

-- 2018-01-06 11:45:37

Saudi King Salman bin Abdulaziz Al Saud has ordered to provide citizens with inflation allowances to ease the expected rise in the cost of living after the newly enforced value added tax (VAT). Accor...

India lowers growth forecast ahead of budget

India lowers growth forecast ahead of budget

Reuters 2018-01-06 10:50:23

India lowered its forecast for the current year’s economic growth on Friday before a federal budget is released next month, as businesses were hit by the chaotic launch of new nationwide tax las...

Move underway to digitise management of savings tools

Move underway to digitise management of savings tools

Rezaul Karim 2018-01-06 09:32:44

Some reforms are in the offing for modernizing management of the savings instruments and converting those to a sustainable source of deficit financing by the government. To this end, official sources...

Forex reserves under pressure

Forex reserves under pressure

 Siddique Islam 2018-01-06 09:22:38

Bangladesh's foreign-exchange reserves (forex) came under pressure following higher external payments, particularly as food and fuel costs fired up the bills. Sources said import payments swelled as...

WB to lend additional loans for safety net programme

WB to lend additional loans for safety net programme

-- 2018-01-06 07:34:19

The World Bank (WB) is set to provide more loans for the project to improve the equity, efficiency and transparency of major safety net programmes in Bangladesh. To this end, an agreement will be si...

British productivity growth hits record high

British productivity growth hits record high

-- 2018-01-06 03:55:16

British economic productivity perked up in the three months to the end of September, growing at its fastest rate in more than six years, in contrast to its historically weak performance over the previ...

Venezuela to issue $5.9b in cryptocurrency

Venezuela to issue $5.9b in cryptocurrency

-- 2018-01-06 02:19:33

Venezuela President Nicolas Maduro said that they would issue 100 million units of its new oil-backed cryptocurrency in coming days. He announced to issue the cryptocurrency when the OPEC member is g...

BR spends only 10pc of ADP allocation in H1

BR spends only 10pc of ADP allocation in H1

 Munima Sultana 2018-01-05 12:00:00

Despite having higher allocation in Annual Development Programme (ADP), Bangladesh Railway (BR) could spend only 10 per cent in the first half of the current fiscal year due to mainly delay in impleme...

July-Dec exports grow by 7.15pc

July-Dec exports grow by 7.15pc

FE Report 2018-01-05 12:00:00

The country's export earnings grew by 7.15 per cent to over US$ 17.91 billion in the first half of the current fiscal year comparing to the corresponding period of last fiscal. The aggregate export r...

All Mac devices hit by chip bugs, Apple says

All Mac devices hit by chip bugs, Apple says

-- 2018-01-05 12:00:00

Apple has said that all iPhones, iPads, and Mac computers are affected by two major flaws in computer chips. It emerged this week that tech companies have been racing to fix the Meltdown and Spectre...

Tk 150m shores up PKB paid-up capital

Tk 150m shores up PKB paid-up capital

Arafat Ara 2018-01-05 10:01:00

The government has provided Probashi Kallyan Bank (PKB) with Tk 150 million as part of raising the state-run bank's paid-up capital to Tk 4.0 billion and transforming the specialised bank into a comme...

Global warming likely to dry quarter of the world

Global warming likely to dry quarter of the world

FE Online Desk 2018-01-05 05:16:03

Up to 30 per cent of the planet’s land surface would become arid if global temperatures rise 2C above pre-industrial levels, according to a new study. Widespread drying out of planet's sur...

China trims final 2016 GDP figure

China trims final 2016 GDP figure

-- 2018-01-05 02:56:30

China slightly trimmed its final 2016 Gross Domestic Product (GDP) figure after scaling back an initial estimate of the services sector, but kept the annual GDP growth rate unchanged at 6.7 per cent....

UK new car sales hit record low

UK new car sales hit record low

-- 2018-01-05 02:28:32

British new car sales hit recorded low, biggest drop since 2009 last year, due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit. It fell more than 5.0 p...

Malaysia's Nov exports up 14.4pc

Malaysia's Nov exports up 14.4pc

-- 2018-01-05 02:09:01

Malaysia's November exports expanded 14.4 per cent year-on-year to $20.92 billion on higher manufactured goods demand, government data showed on Friday. The exports of the third largest economic coun...

UK small businesses confidence falls

UK small businesses confidence falls

-- 2018-01-05 01:42:05

British small businesses confidence waned in late 2017 as a cocktail of higher costs, weak domestic growth and lacklustre consumer demand is dampening the optimism among small businesses. The confide...

Yield rates of t-bills, bonds up in 2017

Yield rates of t-bills, bonds up in 2017

FE Online Report 2018-01-04 12:30:21

The yield rates of the treasury-bills and treasury-bonds increased modestly in the just-concluded year, according to the latest statistics of the central bank. It showed the returns of 91-day, 182-da...

Tech giants rush to fix chip design flaws

Tech giants rush to fix chip design flaws

BBC 2018-01-04 12:00:00

Tech firms are working to fix bugs that could allow hackers to steal personal data from computer systems. Google researchers said the "serious security flaws" affected chips made by Intel, AMD, and A...