The Financial Express

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Driverless cars, facial recognition 'to be reality'

FE Report 2017-12-21 09:47:28

The upcoming year of 2018 will be the year when Artificial Intelligence and Deep Learning will hit the market, a global technology giant predicted recently. At the same time, the forthcoming year wou...

Govt revenue receipts far off lofty target

Doulot Akter Mala 2017-12-20 12:00:00

Government revenue receipts remain far off an 'ambitious' target set for the current financial year (FY) as the collection in July-November period missed the mark by Tk 95 billion. By official count,...

Foreign aid inflow jumps by 91pc in five months

FHM Humayan Kabir 2017-12-20 12:00:00

Bangladesh received US$1.72 billion worth of foreign aid in July-November period this fiscal year (FY2017-18). The disbursements of the concessional medium- and long-term (MLT) assistance were 91 per...

BD gets affordable automation with 'Cobots'

FE Desk 2017-12-20 12:00:00

Universal Robots, the leading manufacturers of advanced, light weight collaborative robotic arms (headquartered in Odense, Denmark), will be expanding their operations in Bangladesh, after successfull...

US Senate clears tax bill

Reuters 2017-12-20 12:00:00

The Republican-controlled US House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first...

ADP implementation 20.11pc in five months

-- 2017-12-20 09:10:18

Implementation rate of the annual development programme (ADP) during the July-November period of current fiscal year reached 20.11 per cent with an expenditure of Taka 329.97 billion. The rate was 19...

Five key barriers to PPP project implementation

-- 2017-12-20 08:41:01

Five key challenges should be addressed to effectively implement the projects taken under the Public Private Partnership (PPP) in Bangladesh, according to a new study of Bangladesh Institute of Bank M...

Facebook to notify users when their photos are uploaded

Reuters 2017-12-20 03:10:33

Facebook Inc said on Tuesday it would begin using facial recognition technology to tell people on the social network when others upload photos of them, if they agree to let the company keep a facial t...

Factbox: What's in the final Republican tax bill

Reuters 2017-12-20 03:03:42

The US House of Representatives was expected to vote on Tuesday on a sweeping, debt-financed tax bill, with approval likely. House passage would send the bill on to the Senate, which could vote as soo...

Malaysia inflation rate eases in Nov

-- 2017-12-20 02:10:47

Malaysia's consumer price index rose 3.4 per cent in November from a year earlier, on higher transport costs, government data showed on Wednesday. The annual inflation rate matched the 3.4 per cent f...

Argentina passes pension reform despite protests

-- 2017-12-20 01:53:35

Argentina’s government has passed a reform to the pension system on Tuesday, after days of demonstrations by the bill’s opponents and violent clashes between protesters and police. The...

Facebook removes 3m posts over copyright violation

Reuters 2017-12-19 12:36:31

Facebook Inc announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterf...

Bongo clinches Merit Award at APICTA

FE Online Desk 2017-12-19 11:10:38

Bongo, a project of Stellar Digital Limited, has won the First Merit Award at APICTA (Asia Pacific ICT Awards) Ceremony at the Bangabandhu International Conference Center in Dhaka. Bongo picked up th...

Social media bad for mental health, admits Facebook

-- 2017-12-19 08:00:52

Facebook has acknowledged that social media use can have negative impacts on user’s mental health. The social media is feeling pressure from a growing chorus of critics raising alarms about the...

Scientists create plants that glow

FE Online Desk 2017-12-19 07:56:22

MIT researchers have created plants that glow hoping it can be used in the future to replace things like street lamps or bed side lamps. In a paper recently published in the journal Nano Letters, res...

China begins first AI lab for broadcasting

-- 2017-12-19 07:23:30

China's first artificial intelligence (AI) laboratory for broadcasting has opened on Monday. The lab, in Changsha, capital of the central province of Hunan, is a project between the provincial broadc...

Japan upgrades GDP growth forecast

-- 2017-12-19 03:45:08

Japan’s government revised up its growth projections for the current and next fiscal years, forecasting the economy to expand 1.9 per cent and 1.8 per cent respectively. Consumer inflation is e...

Banks’ falling asset quality may weaken lending capability

FE Report 2017-12-18 12:52:00

Declining asset quality of Bangladesh's banks could weaken their lending capability, says Moody's as it already finds them in "tighter liquidity conditions". However, the US-based global credit-ratin...

How bus app can ease your life on Dhaka roads

Md. Ziaur Rahman with SM Najmus Sakib 2017-12-18 12:00:00

Have you ever imagined when you will get a relief from the nuisance of waiting for a bus in Dhaka—beset with hectic traffic? Hardly could you say you did it, or you would say you never did it o...

Chittagong port moves 27 notches up in container-handling

-- 2017-12-18 12:00:00

The country’s main seaport has set a record by advancing 27 notches in container-handling over the period of last eight years. A handout on Monday said Chittagong port was ranked 71st in 2016 a...

1.3m expat drivers could lose Saudi jobs

-- 2017-12-18 12:00:00

About 1.3 million foreign drivers in Saudi Arabia are likely to lose their jobs as its kingdom prepares to issue driving licences to women. According to an Arab News report, run by bdnews24, 87.2 per...

WB approves more loans for social safety-net programmes

FE Online Report 2017-12-18 12:00:00

The World Bank (WB) has approved a loan of $245 million to make the country’s social safety-net programmes accountable and transparent. The Board of Directors of WB approved the loan at its hea...

Japan exports boom in Nov

-- 2017-12-18 11:42:22

Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world’s third-biggest economy. Data from the Ministry of Finance showed exports grew 16.2 per ce...

‘Banks should court mergers and acquisitions for bailout’

Mehdi Musharraf Bhuiyan 2017-12-18 10:03:38

Banks in Bangladesh should go through mergers and acquisitions, which a leading banker believes will make the overall banking sector better and stronger through troubleshooting. "I think merger and a...

Scientists unveil ‘smallest micro-greetings Christmas card’

Reuters 2017-12-18 04:12:27

British scientists have created what they believe is the world’s smallest Christmas card, a seasonal greeting so tiny that over 200 million of them could fit into a standard postage stamp. The...

Russian inflation to be about 3pc in early 2018: C Bank chief

-- 2017-12-17 12:47:35

Chairperson of the Bank of Russia Elvira Nabiullina has said the inflation in Russia will be about 3.0 per cent in early 2018 and will reach the target of 4.0 in the second half of the year. "Inflati...

EU, a false haven of net neutrality?

Reuters 2017-12-17 12:00:00

America’s decision to scrap rules designed to ensure a free and open internet leaves the European Union as the biggest market where Net neutrality still prevails -- but critics say the EU is not...

Thrust on stopping fake currency flow between India, BD

-- 2017-12-17 12:00:00

A joint task force has emphasised on increasing cooperation between India and Bangladesh to check flow of fake currency between the two countries. The call was made on first day of the three-da...

Setting your financial goals for 2018