Search results for: EC

Bad loans worrisome for economy: ICC,B

-- 2017-11-27 12:00:00

International Chamber of Commerce, Bangladesh (ICC,B) President Mahbubur Rahman has said continuous increase in bad loans is very alarming for the banking sector as well as the economy. "Because of b...

Surge in default loans 'alarming'

FE Report 2017-11-27 10:58:49

The rise in default loans is "alarming", says a study that favours effective use of audit committees by the private commercial banks and enlargement of their boards with experienced members as a remed...

Govt to issue three new bank licences

-- 2017-11-27 09:49:08

Finance Minister AMA Muhith has revealed that the government is going to issue licenses for setting up three new banks. Removing all confusion over the permission of new banks, he categorically said,...

Scientists discover 32m-year-old Dipteronia fossil in southwest China

-- 2017-11-27 06:31:09

Scientists recently discovered 32 million-year-old fossil of a Dipteronia tree in southwest China's Yunnan Province. According to the reporting of Xinhuanet , it was the first time that this kind of...

Global businesses look bullish about the road ahead

Reuters 2017-11-27 01:46:58

Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world’s biggest...

Muhith mulls Tk 4,680b budget for FY19

-- 2017-11-26 12:00:00

Finance Minister AMA has said that the outlay of the budget for the ensuing 2018-2019 financial year (FY19) may stand at Taka 4,680 billion. "We announced Taka 4,002.66 billion budget for the current...

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Jasim Uddin Haroon 2017-11-26 12:00:00

Government subsidies shrank in 2016-17 for subdued demand from some sectors to the relief of fiscal administrators from budget-deficit burden, but economists foresee a reversal this year. Officials c...

Many MNCs, liaison offices dodge tax-return filing

Doulot Akter Mala 2017-11-26 12:00:00

Government's revenue authority plans a search as many foreign companies, including liaison and representation offices, allegedly dodge submission of tax returns despite doing income-generating activit...

China lowers import duties on consumer goods

-- 2017-11-26 12:00:00

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3 per...

Gold market dependent on smuggling: TIB

-- 2017-11-26 12:00:00

The Transparency International Bangladesh (TIB) has claimed that gold market is dependent on smuggling. TIB Executive Director Iftekharuzzaman made the remarks while addressing a press conference at...

Google launches platform for chatbot analytics

FE Online Desk 2017-11-26 07:54:41

This year Google publicly launched a new chatbot analytics platform called Chatbase at Google I/O which is currently free to use. Chatbase’s cloud service is designed to offer tools to analyse...

Chinese singer’s query amazes Stephen Hawking

-- 2017-11-26 02:42:53

British theoretical physicist Stephen Hawking, on his Chinese microblog Weibo account, praised the lead singer of China’s most popular boy band for asking about life beyond Earth. Wang Junkai,...

Walton launches 7th Gen Core i5 laptop

FE Online Desk 2017-11-26 02:37:24

Walton recently launched its new laptop in computer market which features a 15.6-inch high definition display, 2.5 gigahertz 7th Generation Intel Core i5 7200U processor, built-in Intel HD Graphics 62...

Researcher challenges existence of dark matter

-- 2017-11-26 01:14:27

A Swiss researcher has challenged the existence of dark matter and dark energy at all, which runs counter to a century of scientific consensus, Xinhua news agency reported on Saturday, citing a press...

Electric aircraft ‘possible’ in future

Xinhua 2017-11-26 01:14:26

Though airplanes have facilitated long-distance travel, there is a growing need to lower emissions from flights, which the European Commission claimed have become "one of the fastest-growing sources o...

Ratings on India affirmed at 'BBB-/A-3', outlook stable

FE Online Desk 2017-11-25 12:08:42

  MUMBAI (S&P Global Ratings) Nov 25, 2017--S&P Global Ratings affirmed its unsolicited   long- and short-term foreign and local currency sovereign credit ratings on the Republic...

BD needs to raise its spending threefold

FE Report 2017-11-25 12:02:42

Bangladesh needs to increase its spending on water-related projects by more than three times or could face an annual GDP loss of 1.6-2 per cent due to climate change, a recent government planning docu...

Blue economy untapped, BEC yet to gather pace

-- 2017-11-25 12:00:00

Settling maritime disputes with India and Myanmar opened up new potentials for Bangladesh to tap ‘blue economy’. But, according to a UNB report, no substantial progress has been mad...

'Fake data' a threat to economic and financial stability

FE Online Desk 2017-11-25 12:00:00

"Fake data" is as much of a threat to economic and financial stability as "fake news" is to politics, a leading European central banker said on Friday, reports Reuters. European Central Bank boar...

Annual Banking Confce, 2017 begins Sunday

FE Online Desk 2017-11-25 12:00:00

The Annual Banking Conference, 2017, arranged by Bangladesh Institute of Bank Management (BIBM) begins Sunday. Governor of Bangladesh Bank Fazle Kabir will inaugurate the two-day event as the chief...

Internet penetration to reach 100pc by 2021: Palak

-- 2017-11-25 10:30:17

State Minister for ICT Division Zunaid Ahmed Palak said the government would ensure 100 percent internet penetration and 50 percent broadband connectivity for all by 2021, reports BSS. "We have alrea...

Q1 sees Tk 42.64b budget surplus for spending slowdown

Jasim Uddin Haroon 2017-11-25 09:54:51

The current fiscal year's first quarter saw a budget surplus worth Tk 42.64 billion mainly as the government couldn't go by its spending plans, sources said. As of September last, government mobilise...

Gold prices to go up from Sunday

-- 2017-11-25 08:34:32

The Bangladesh Jewellers Samity has hiked gold prices, to be effective from Sunday, as the winter season approaches. During the winter season, the wedding season in the country, demand for gold norma...

Researchers believe farming likely to impact greenhouse gas emissions

-- 2017-11-25 06:49:40

Stanford researchers have found that global warming and certain land use practices such as farming may increase greenhouse gas emissions released into atmosphere, according to journal Nature Communica...

US charges Canadian in Yahoo hacking case

Reuters 2017-11-25 02:59:06

A Canadian accused by the United States of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts is expected to plead guilty next week, accor...

S Korean consumer confidence hits 7-year high

-- 2017-11-24 12:27:18

South Korea’s consumer confidence rose hit the highest in almost seven years amid eased geopolitical risks on the Korean Peninsula, central bank data showed Friday. The composite consumer senti...

British consumer confidence slumps

-- 2017-11-24 12:03:27

British consumer confidence slipped after last year’s Brexit vote, partly because of this month’s interest rate hike and further signs of a slowdown in the housing market, a survey sh...

Singapore industrial output rises 14.6pc in Oct

-- 2017-11-24 12:00:00

Singapore's manufacturing output rose 14.6 per cent in October compared to a year ago, driven by growth in electronics output, data from the Singapore Economic Development Board showed on Friday. The...

Malaysia inflation rate eases to 3.7pc

-- 2017-11-24 01:06:21

Malaysia's annual inflation rate in October was 3.7 per cent from a year earlier, government data showed on Friday, moderating from the previous month and lower than forecasts. A Reuters poll had pre...

S Korea external debt hits record high

-- 2017-11-23 12:59:38

South Korea’s ratio of short-term external debt to foreign exchange reserves touched a record 31.1 per cent by end-September from 30.8 per cent three months ago, data showed on Thursday. Short-...