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The Financial Express

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RMG value addition stands at 73.82pc in Q1

RMG value addition stands at 73.82pc in Q1

FE Online Report 2017-12-10 12:00:00

Local value addition of the country’s Ready-Made Garments (RMG) industry stood at 73.82 per cent in the first quarter (Q1) of the current fiscal year (FY18). The quarterly review report of the...

Ceiling for income tax payers rises fivefold

Ceiling for income tax payers rises fivefold

Doulot Akter Mala 2017-12-10 12:00:00

The government raised the ceiling of income tax payment by treasury chalan five times for the convenience of taxpayers and easing collection complexities. Now taxpayers are allowed to pay up to Tk 50...

Tunisian parliament approves 2018 budget

Tunisian parliament approves 2018 budget

-- 2017-12-10 12:00:00

Tunisia’s parliament has approved a 36 billion dinar ($14.55 billion) budget for next year which included a package of fiscal measures to cut the budget deficit. The budget for the fiscal yea...

BAPEX starts drilling new gas well in Bhola

BAPEX starts drilling new gas well in Bhola

-- 2017-12-10 12:00:00

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) started the drilling of new gas well in Bhola on Saturday. The new gas well named Bhola North 1 is in the district's Sadar upaz...

Air pollution costs BD 1.0pc GDP every year

Air pollution costs BD 1.0pc GDP every year

-- 2017-12-10 12:00:00

Bangladesh is losing 1.0 GDP every year due to air pollution, which is a key barrier to the country's vision to become an upper-middle income country, according to a new World Bank study. Bangladesh...

Scientists discover ‘excitonium’

Scientists discover ‘excitonium’

-- 2017-12-10 12:00:00

Scientists have proven the existence of new form of matter called excitonium - which was first theorised almost 50 years ago. Researchers from University of California Berkeley and University of Illi...

Country’s most new taxpayers aged below 40!

Country’s most new taxpayers aged below 40!

-- 2017-12-10 09:45:27

Most of the country's new taxpayers belong to the under-40 age group. Finance Minister AMA Muhith came up with the disclosure on Sunday and thanked the young generation for helping expedite the state...

NBR honours 149 businesses on VAT day

NBR honours 149 businesses on VAT day

FE Online Report 2017-12-10 07:21:14

The National Board of Revenue (NBR) awarded 149 businesses as highest VAT payers recognising their contribution to the public exchequer. Of them, nine highest VAT paying businesses are at national le...

Uber to settle Delhi rape victim's lawsuit

Uber to settle Delhi rape victim's lawsuit

-- 2017-12-10 03:15:25

Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed...

Digital World draws huge crowd

Digital World draws huge crowd

FE Report 2017-12-09 12:36:55

Digital World 2017, an exposition promoting the country's information technology sector, drew huge crowd on Friday, a weekly holiday. Tech-lovers, especially youths, along with their close ones sta...

Project finishes sans  installing the plant!

Project finishes sans installing the plant!

FHM Humayan Kabir 2017-12-09 12:00:00

A hybrid-power project undertaken for backwater Hatiya has finished sans installation of the plant, setting what insiders termed a bizarre instance of irregularities.     Sources...

Feasibility study begins on new seaport, floating bay harbour

Feasibility study begins on new seaport, floating bay harbour

Syful Islam 2017-12-09 12:00:00

The government began a techno-economic feasibility study to build a new seaport and a floating harbour in the Bay of Bengal for tackling growing trade through the busy maritime corridor. Officials sa...

Apple repairs HomeKit security flaw

Apple repairs HomeKit security flaw

BBC 2017-12-09 12:00:00

Apple has fixed a security flaw in its HomeKit system that could have let unauthorised people control smart home gadgets such as door locks and lights. The bug appeared in the latest version of Apple...

Revenue collection falls to 10pc in FY Q1

Revenue collection falls to 10pc in FY Q1

-- 2017-12-09 12:00:00

NBR tax revenue collection fell short of the target by Tk 65.61 billion in the first quarter (Q1) of the current fiscal year (FY), data of an independent multidisciplinary think tank showed. The thin...

Dhaka hosts SIGGRAPH event

Dhaka hosts SIGGRAPH event

FE Online Desk 2017-12-09 12:00:00

Dhaka has hosted a SIGGRAPH event, a global conference which showcases the best and the latest additions to computer graphics and interactive techniques, at the Bishwo Shahitto Kendro, recently. The...

US job growth strong in November

US job growth strong in November

-- 2017-12-09 11:46:13

US job growth increased at a strong clip in November, better than expected, with payrolls rising by 228,000 jobs. Service, health care and manufacturing firms helped to drive the gains, holding the u...

Japan economy beats Q3 forecasts by double

Japan economy beats Q3 forecasts by double

Reuters 2017-12-08 12:46:22

Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks...

Why BD scores low in  the Buffett Indicator?

Why BD scores low in the Buffett Indicator?

-- 2017-12-08 12:26:31

Warren Buffett has long championed looking at market capitalisation to GDP (gross domestic product) ratio when assessing a market. For Buffett, the "single best" way to tell if stocks are too expensiv...

Misleading forex info: BB scanning 26 banks' replies

Misleading forex info: BB scanning 26 banks' replies

Siddique Islam 2017-12-08 12:00:00

Bangladesh Bank (BB) is now scrutinising the responses by 26 commercial banks on their alleged attempts to mislead the central bank with 'untrue information' about foreign exchange rates offered parti...

BB, US Fed discuss suing Philippine bank

BB, US Fed discuss suing Philippine bank

Reuters 2017-12-08 12:00:00

Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heis...

US state puts the brakes on delivery robots

US state puts the brakes on delivery robots

-- 2017-12-08 12:00:00

San Francisco officials have voted to restrict where delivery robots can go in the city, in a blow for the burgeoning industry. Start-ups will have to get permits to use such bots, which will be rest...

Sheikh Hasina Software Technology Park opens Sunday

Sheikh Hasina Software Technology Park opens Sunday

-- 2017-12-08 09:11:05

Sheikh Hasina Software Technology Park in Jessore  is set to start its journey on Sunday aiming to generate employment opportunities for around 12,000 youths. Prime Minister Sheikh Hasina will i...

Bangladesh needs separate cyber police: Experts

Bangladesh needs separate cyber police: Experts

-- 2017-12-08 07:22:28

Bangladesh needs to have separate cyber police to deal with cybercrimes and propaganda. Experts made the suggestion at a discussion at the Digital World 2017 venue, Bangabandhu International Conferen...

British businesses react to Brexit progress

British businesses react to Brexit progress

-- 2017-12-08 06:00:36

Britain and the European Union struck a divorce deal on Friday that paves the way for talks on trade, easing pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit. British bu...

Uber paid hacker to destroy stolen data

Uber paid hacker to destroy stolen data

-- 2017-12-07 12:00:00

A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called “bug bounty” programme n...

Dhaka to seek relaxation of procurement conditions

Dhaka to seek relaxation of procurement conditions

FHM Humayan Kabir 2017-12-07 12:00:00

Bangladesh will seek relaxation of the conditions attached to procurement of goods and services under the US$ 4.5 billion Indian line of credit-III (LoC-III) at a review meeting to be held later this...

Brexit: UK's bank prepares for the worst

Brexit: UK's bank prepares for the worst

BBC 2017-12-07 12:00:00

The UK's ability to attract talent is already suffering according to Standard Chartered chief executive Bill Winters. In an exclusive interview, he told the BBC the bank was "preparing for the worst"...

BoJ governor signals chance of rate hikes

BoJ governor signals chance of rate hikes

-- 2017-12-07 12:00:00

Bank of Japan Governor Haruhiko Kuroda stressed the need to look at the impact monetary policy has on the banking system and said changes in the economy could trigger a hike in the bank’s yield...

Income inequality widens countrywide

Income inequality widens countrywide

FE Report 2017-12-07 12:00:00

Both income and wealth inequalities have increased in the country significantly over the past five years alongside higher economic growth, according to experts and a research. Experts said the average...

Merchandise shipment earnings up by 6.86pc

Merchandise shipment earnings up by 6.86pc

FE Online Report 2017-12-07 12:00:00

Earnings from merchandise shipment grew by 6.86 per cent to $14.56 billion during the first five months of current fiscal year over that of corresponding period. According to official data released T...