Loading...
The Financial Express

Search results for: EC

Indian central bank keeps policy rate steady

Indian central bank keeps policy rate steady

Reuters 2017-12-07 12:00:00

The Reserve Bank of India kept its policy rate steady on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary sti...

Govt declares December 12 as National ICT Day

Govt declares December 12 as National ICT Day

-- 2017-12-07 06:39:48

The government has declared December 12 as the National Information Communication and Technology (ICT) Day, according to an official release issued  today. With a view to observing the day as th...

VAT returns rise two-fold

VAT returns rise two-fold

FE Online Report 2017-12-07 06:39:34

Number of Value Added Tax (VAT) returns increased to two-fold this year following introduction of online issuance of the business identification number (BIN) by the National Board of Revenue (NBR). S...

UAE expects to be taken off EU's tax blacklist

UAE expects to be taken off EU's tax blacklist

Reuters 2017-12-07 04:04:24

The United Arab Emirates expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said on Thursday. “We...

Madagascar gets $44.5m IMF loan to boost economy

Madagascar gets $44.5m IMF loan to boost economy

-- 2017-12-07 02:28:06

The International Monetary Fund (IMF) said it has approved a further $44.5 million credit for Madagascar, as part of a drive to support the country’s economic recovery. The IMF and other inter...

Buriganga to have underwater tunnel

Buriganga to have underwater tunnel

-- 2017-12-07 02:05:10

Government is contemplating a plan to build an underwater tunnel under the Buriganga to ease hardship of commuters on each side of the river. Shipping Minister Shahjahan Khan came up with the disclos...

WB predicts 4.9pc economic growth for Kenya

WB predicts 4.9pc economic growth for Kenya

-- 2017-12-07 01:28:05

The World Bank has cut its 2017 growth estimate for Kenya’s economy to 4.9 per cent, which would be the slowest annual expansion in five years, It has cut the estimated growth due to the countr...

Amazon launches Amazon Prime in Singapore

Amazon launches Amazon Prime in Singapore

FE Online Desk 2017-12-06 12:46:36

SINGAPORE - Media OutReach - December 6, 2017 - Amazon today announced the launch of Amazon Prime in Singapore. Prime is Amazon's popular membership program that provides exclusive access to benefi...

Japan's Q3 GDP seen revised up slightly

Japan's Q3 GDP seen revised up slightly

-- 2017-12-06 12:34:49

Japan’s economy was expected to expand slightly faster in the third quarter than first estimated, a Reuters poll found. Strong capital spending and showing robust exports and business invest...

Two donors may finance another metro rail line

Two donors may finance another metro rail line

Munima Sultana 2017-12-06 12:00:00

The government is expecting to get necessary fund from two development partners for implementing another metro rail line (Hemayetpur-Gabtoli-Notun Bazar route) in the city. A mission from Asian Devel...

BB launches special inspection of troubled Farmers Bank

BB launches special inspection of troubled Farmers Bank

Siddique Islam 2017-12-06 12:00:00

The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-gene...

China Nov data to show economy debt-pressed

China Nov data to show economy debt-pressed

Reuters 2017-12-06 12:00:00

A raft of Chinese data in coming weeks is expected to show the world’s second-largest economy came under growing pressure in November as the government intensified crackdowns on polluting indust...

NRB Commercial Bank MD removed for loan scam

NRB Commercial Bank MD removed for loan scam

FE Online Report 2017-12-06 12:00:00

The central bank has removed NRB Commercial Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Dewan Mujibur Rahman on charges of violating rules and regulations in sanctioning loan...

Apparel export to USA declines by 4.93pc in Jan-Oct

Apparel export to USA declines by 4.93pc in Jan-Oct

FE Online Report 2017-12-06 12:00:00

The country's apparel export to USA declined by 4.93 per cent to $4.35 billion during January to October period of 2017 calendar year. Bangladesh fetched $ 4.58 billion from apparel exports to its si...

Taxpayers can get eTIN, VAT reg from DW17

Taxpayers can get eTIN, VAT reg from DW17

FE Online Report 2017-12-06 12:00:00

Taxpayers can obtain electronic Taxpayer’s Identification Number (eTIN) and Value Added Tax (VAT) registration number from the four-day digital expo in city titled ‘Digital World-2017&rsqu...

Bangladeshis can build robots, Sophia's creator hopes

Bangladeshis can build robots, Sophia's creator hopes

-- 2017-12-06 12:00:00

Creator of humanoid robot Sophia Dr David Hanson has said Bangladeshi innovators can build their own robots to help society. He also appreciated the people of Bangladesh for taking interest in robot...

Google Pulls YouTube From Amazon Devices

Google Pulls YouTube From Amazon Devices

-- 2017-12-06 11:52:20

A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices. It also criticized the onli...

Nissan's robo-taxis to hit the road soon

Nissan's robo-taxis to hit the road soon

-- 2017-12-06 11:51:46

Carmaker Nissan plans to test self-driving taxis on Japanese roads from March next year. The company is partnering with Japanese software company DeNA, which operates online services for the gaming,...

UCB inks deal with CMP on E-traffic prosecution

UCB inks deal with CMP on E-traffic prosecution

FE Online Desk 2017-12-06 11:44:45

United Commercial Bank Limited (UCB) signed an agreement with Chittagong Metropolitan Police recently on “E-traffic Prosecution and Fine Payment System”. As per the agreement, payment o...

NBR finds two cos compliant as drive continues

NBR finds two cos compliant as drive continues

Doulot Akter Mala 2017-12-06 11:44:27

The tax authority Tuesday inspected another company as part of its ongoing drive to find out incidences of non-compliance in payment of pay-roll tax by the foreign employees working in the country. T...

Scientists aspire to decode deep space secrets

Scientists aspire to decode deep space secrets

-- 2017-12-06 06:33:52

Scientists are now working day and night at a major observatory in western California, the United States, in search for new secrets including possible life beyond planet Earth, Elinor Gates, an astron...

BD economy to grow by 7.1pc in FY18: ESCAP

BD economy to grow by 7.1pc in FY18: ESCAP

FE Online Report 2017-12-06 06:33:31

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has projected the growth rate of Bangladesh economy to be 7.1 per cent in the current fiscal year (FY18). This lat...

Need to stop ocean plastic waste: UN

Need to stop ocean plastic waste: UN

-- 2017-12-06 06:27:27

Nations across the globe have agreed that ocean plastic waste is a crisis and that they need to work together to stop plastic waste from entering oceans. The UN resolution, which is set to be sealed...

Australian economy slows in Q3

Australian economy slows in Q3

-- 2017-12-06 01:37:19

Australian gross domestic product (GDP) grew by 0.6 per cent in the third quarter, slowing from the previous quarter when it rose 0.9 per cent, data from the Australian Bureau of Statistics showed. T...

Stressed advances now 17pc of banks'  outstanding loans

Stressed advances now 17pc of banks' outstanding loans

FE Report 2017-12-05 12:00:00

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

Confusion causes delay in Jamuna tunnel study

Confusion causes delay in Jamuna tunnel study

Munima Sultana 2017-12-05 12:00:00

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Apple Mac security issue may reoccur

Apple Mac security issue may reoccur

-- 2017-12-05 12:00:00

A software fix Apple released to close a serious Mac security bug may not have fixed the problem on some machines. The bug meant anyone with physical access to a Mac running High Sierra could get adm...

Interest rate spread drops slightly in October

Interest rate spread drops slightly in October

FE Report 2017-12-05 12:00:00

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

Asia-Pacific credit conditions improving, tail risks rising

Asia-Pacific credit conditions improving, tail risks rising

FE Online Desk 2017-12-05 12:00:00

Credit prospects are better for Asia-Pacific economies given that market fears that were prominent a year agohave largely abated. That's according to S&P Global Ratings in a reportpublished rece...

ADB to support Reliance LNG terminal, power project in BD

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk 2017-12-05 12:00:00

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...