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The Financial Express

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Oxfam, SME to empower marginalised rural people

Oxfam, SME to empower marginalised rural people

-- 2018-01-04 12:00:00

Oxfam Bangladesh and SME Corporation Ltd (BSCL) agreed to promote rural based micro and small dairy enterprises for the benefit of marginalised rural people through using sustainable green energy. &nb...

Revenue collection grows 14.28pc in five years

Revenue collection grows 14.28pc in five years

-- 2018-01-04 10:42:21

Revenue earnings have increased at an average rate of 14.28 per cent over the last five years that has ultimately boosted the government's capacity to finance priority projects with own funds. Reven...

Govt guarantees $200m ITFC loans to finance fuel oil import

Govt guarantees $200m ITFC loans to finance fuel oil import

FE Report 2018-01-04 10:31:05

The government has issued counter-guarantees worth US$ 200 million against ITFC loans to finance fuel oil import, officials said. The Islamic Trade Finance Corporation (ITFC) will provide state-owned...

Watchful BB bands with banks to face crypto craze

Watchful BB bands with banks to face crypto craze

Jasim Uddin Haroom 2018-01-04 09:26:55

Dazzled by the advent of cryptocurrency, a digital asset designed as a medium of exchange in transactions on virtual money market, Bangladesh's central bank began to devise ways of dealing with it. P...

Forex reserve marks rise totalling to $33.23b

Forex reserve marks rise totalling to $33.23b

-- 2018-01-04 09:20:07

The country’s foreign exchange reserves rose to USD 33.23 billion at the end of December – marking $630 million rise compared to that of November. Bangladesh Bank said the reserve stood n...

China to keep GDP target 'around 6.5pc'

China to keep GDP target 'around 6.5pc'

-- 2018-01-04 04:26:52

China will keep its target for economic growth at “around 6.5 percent” in 2018, unchanged from last year, policy sources told Reuters. The second largest economic country of the world see...

Spotify faces $1.6b copyright lawsuit

Spotify faces $1.6b copyright lawsuit

Reuters 2018-01-03 12:25:53

Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and c...

Now govt mulls building bigger LNG terminal

Now govt mulls building bigger LNG terminal

FE Report 2018-01-03 12:00:00

The government now intends to build a bigger-sized LNG import terminal having the capacity of 7.5 million tonnes per year (Mtpa) instead of 5.5 Mtpa to meet the demand for natural gas in future. Stat...

China to build $2b AI research park

China to build $2b AI research park

Reuters 2018-01-03 12:00:00

Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence development park in the city’s west, the official Xinhua news agency reported, as China pushes ahead to f...

Germany sees record high employment in December

Germany sees record high employment in December

-- 2018-01-03 12:00:00

The number of jobless people in Germany fell by 183,000 in December compared with a year earlier and the country finished the year with a record 44.3 million people in work. The unemployment rate rem...

BB to issue fresh directives for implementing ALM guidelines

BB to issue fresh directives for implementing ALM guidelines

Siddique Islam 2018-01-03 10:57:30

Commercial banks are expected to get a latest directive for implementing the asset-liability management (ALM) guidelines strictly to duck possible liquidity pressure in an emerging lopsided-market sce...

US home prices set to soar in 2018

US home prices set to soar in 2018

-- 2018-01-03 02:13:18

US home prices are projected to increase 4.2 per cent on a year-on-year basis from November 2017 to November 2018, according to a new report released Tuesday. Home prices in the United States are up...

NASA’s robotic satellites to reduce space pollution

NASA’s robotic satellites to reduce space pollution

-- 2018-01-02 12:53:05

US government body Defence Advanced Research Projects Agency (Darpa) and NASA have teamed up to build robotic technology that can refuel and repair friendly satellites. “Service stations in orb...

BPC to import 0.33m tonnes of petro products in January

BPC to import 0.33m tonnes of petro products in January

FE Report 2018-01-02 12:00:00

The state-run Bangladesh Petroleum Corporation (BPC) will import around 330,000 tonnes of refined petroleum products, especially diesel and jet fuel, this month under both term and open bidding system...

Living cost jumps by 8.44pc

Living cost jumps by 8.44pc

FE Online Report 2018-01-02 12:00:00

Living expenditure increased by 8.44 per cent and price of commodity and services jumped by 7.17 per cent in 2017, the Consumers’ Association of Bangladesh (CAB) latest study revealed. In 2016,...

Asian factories end strong year on mixed note

Asian factories end strong year on mixed note

-- 2018-01-02 12:00:00

Asian manufacturing sectors ended a strong 2017 on a mixed note, with activity at multi-year highs in Taiwan and India and surprisingly picking up in China. “Robust external demand and accommo...

ECNEC clears Patuakhali naval base, 15 other projects

ECNEC clears Patuakhali naval base, 15 other projects

FE Online Report 2018-01-02 12:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved 16 development projects at a combine cost of Tk 52.21 billion. The approved 16 project include new naval base establishme...

Remittance stays in negative territory

Remittance stays in negative territory

FE Report 2018-01-02 11:39:21

The inward remittance flow remained pegged into a negative territory despite a significant rise in overseas jobs of Bangladeshi nationals by official count in the just-concluded year. The remittance...

Prisoner-made RMG to hit int’l market

Prisoner-made RMG to hit int’l market

-- 2018-01-02 07:55:50

Narayanganj District Jail recently launched Bangladesh’s first integrated Ready Made Garment (RMG) factory to be completely run by inmates.  The facility, comprising 53 machines, will allo...

December inflation drops to 5.83pc

December inflation drops to 5.83pc

FE Online Report 2018-01-02 07:20:01

The point-to-point inflation rate in December dropped to 5.83 per cent – thereby recording a slight decrease over November, according to the latest official data. Bangladesh Bureau of Statistic...

India to use Bangladesh territory for LPG supply

India to use Bangladesh territory for LPG supply

FE Online Desk 2018-01-02 06:27:57

Indian state-owned oil company has chalked out plan to supply liquefied petroleum gas (LPG) to the northeastern states through Bangladesh. Sources concerned said the move will drastically cut the ref...

Bahrain keen on boosting trade with Bangladesh

Bahrain keen on boosting trade with Bangladesh

-- 2018-01-02 05:00:47

Bahrain Chamber of Commerce and Industry (BCCI) is keen on boosting trade with Bangladesh to achieve the common aspirations of the two friendly countries. BCCI Chairman Khalid Abdulrahman Al-Moayyed...

Singapore GDP growth slows in Q4

Singapore GDP growth slows in Q4

-- 2018-01-02 02:57:07

Singapore’s economic growth slowed in the Fourth Quarter (Q4) as factories lost steam, but a services sector recovery has bolstered expectations. The economy expanded 3.1 per cent in the Q4 fro...

India's manufacturing PMI hits 5-year high

India's manufacturing PMI hits 5-year high

-- 2018-01-02 02:23:49

The manufacturing activity of India expanded at the fastest pace in five years in December, a private sector survey showed on Tuesday. Tuesday’s data showed that Indian business continues to re...

China reiterates prudent monetary policy for 2018

China reiterates prudent monetary policy for 2018

Reuters 2018-01-01 12:51:32

China will maintain prudent monetary policy and reasonable loan growth in 2018, central bank chief Zhou Xiaochuan said in comments published on Sunday. In a new year’s message, Governor Zhou sa...

Saudis, UAE roll out VAT for first time

Saudis, UAE roll out VAT for first time

BBC 2018-01-01 12:00:00

Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time. The 5.0 per cent levy is being applied to the majority of goods and services. Gulf states h...

Overseas employment sees new record in 2017

Overseas employment sees new record in 2017

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

Bangladesh sent a record over1.0 million workers abroad with jobs in 2017, highest in the history of overseas employment sector. Earlier the highest number was 875,055 in 2008. The country started s...

WhatsApp returns after hour-long global outage

WhatsApp returns after hour-long global outage

-- 2018-01-01 11:16:20

WhatsApp, a popular messaging service owned by Facebook Inc, suffered a global outage for about an hour on Sunday before the problem was fixed. “WhatsApp users around the world experienced a br...

Tecno Mobile to bring smartphones optimised for selfie

Tecno Mobile to bring smartphones optimised for selfie

FE Online Desk 2018-01-01 10:56:23

TECNO Mobile is set to launch a new series of cellular phones for Bangladeshi consumers very soon. The new smarphones will have special features such as infinity display and low light selfie camera,...

Maybe a bellwether of better day

Maybe a bellwether of better day

Jasim Uddin Haroon 2018-01-01 10:41:35

People in Bangladesh hope the year 2018 appears today (Monday) as the bellwether of changes for the better despite risks ahead and uncertainties, especially in the banking sector, in the background....