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The Financial Express

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Moody's downgrades UK credit rating

Moody's downgrades UK credit rating

-- 2017-09-23 12:50:09

Ratings agency Moody’s downgraded the UK's credit rating by a further notch on Friday over concerns about the public finances and fears Brexit could damage the Britain’s economic growth....

New pension provision hits upsetting headwind

New pension provision hits upsetting headwind

Jasim Uddin Haroon 2017-09-23 12:00:00

A newly introduced pension system executed from July now faces an upsetting blow amid opposition from 'influential' employees to part payout at retirement, sources said.   A government-approve...

Investors can buy BD bonds from abroad

Investors can buy BD bonds from abroad

Syful Islam 2017-09-23 12:00:00

Non-resident Bangladeshis (NRBs) can directly buy bonds from abroad under planned recast rules meant for making the investment tools attractive and boosting remittance into the country.   Offic...

Ministry, WB at loggerheads over issue of monitoring

Ministry, WB at loggerheads over issue of monitoring

FHM Humayan Kabir 2017-09-23 10:54:54

The ministry of education (MoE) and the World Bank (WB) are now at loggerheads over latter's monitoring of the government's US$18 billion education development programme planned for next five years....

NASA's asteroid chaser swings by Earth on way to space rock

NASA's asteroid chaser swings by Earth on way to space rock

-- 2017-09-23 07:44:05

NASA's asteroid-chasing spacecraft swung by Earth on Friday on its way to a space rock, reports AP.   Launched a year ago, Osiris-Rex was on track to pass within about 17,700 kilometres of the...

China criticizes S&P credit rating cut

China criticizes S&P credit rating cut

-- 2017-09-22 12:33:25

China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision.” &...

Six banks under BB scanner

Six banks under BB scanner

Siddique Islam 2017-09-22 12:00:00

The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities.   As part of the move, the Bang...

WB suggests technological progress in manufacturing

WB suggests technological progress in manufacturing

FE Report 2017-09-22 11:59:41

The World Bank (WB) has said Bangladesh's low wages is not sufficient to be competitive in the global trade, rather it needs technological improvements in the manufacturing sector.   The glo...

Nepal to measure Everest to check height lost

Nepal to measure Everest to check height lost

-- 2017-09-22 06:43:23

Nepal will measure Mount Everest afresh to settle a controversy over height of the world’s tallest peak, especially after some estimates suggested it became a little shorter in the wake of an ea...

BoJ keeps monetary policy unchanged

BoJ keeps monetary policy unchanged

-- 2017-09-21 12:53:35

The Bank of Japan (BoJ) kept monetary settings steady on Thursday, but a new board member opposed the decision, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe. &nbsp...

NBR, USAID jointly launch customs website

NBR, USAID jointly launch customs website

FE Report 2017-09-21 12:23:14

Bangladesh's revenue authority and USAID country chapter's trade- facilitation wing jointly launched a customs website Wednesday with interactive options encompassing entire spectrum of trading matt...

Researchers find Pangolins in Bangladesh

Researchers find Pangolins in Bangladesh

-- 2017-09-21 12:00:00

Researchers have found pangolins do persist in many forested areas of Bangladesh.   With the help of the Mro tribe in Bangladesh Researchers found the pangolins, but in small, isolated populati...

India growing pretty robustly: World Bank

India growing pretty robustly: World Bank

-- 2017-09-21 12:00:00

India has been growing ‘pretty robustly’, World Bank president Jim Yong Kim has said, as he predicted a strong global growth this year, reports PTI.   Speaking at the Bloomberg Glob...

Leather products may get 15pc cash incentive for next five yrs

Leather products may get 15pc cash incentive for next five yrs

FE Report 2017-09-21 10:26:15

The government is preparing a policy to continue providing the existing cash incentive to the leather goods and footwear sector for next five years, aims at boosting exports as well as attracting fore...

BIDA scarcely bears fruit yet

BIDA scarcely bears fruit yet

Doulot Akter Mala 2017-09-21 10:19:26

The birth of BIDA hardly bears fruits yet as the authority is still engrossed in setting its own house in order with policy reforms and bringing coordination among stakeholders.   Sources clo...

PM for taking pvt sector on board for SDG financing

PM for taking pvt sector on board for SDG financing

-- 2017-09-21 09:55:50

Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to address the financing gaps in implementing the SDGs as mobilisation of financial resources for the purpose appear...

Google launches UK 'anti-terror fund'

Google launches UK 'anti-terror fund'

BBC 2017-09-20 12:21:16

Google has announced it will give a total of £1m ($1.3m) to fund projects that help counter extremism in the UK.   The UK fund was part of a $5m global commitment, the search giant said....

‘Belt and Road’ can duly benefit developed,  developing states

‘Belt and Road’ can duly benefit developed, developing states

Jubair Hasan from Dunhuang in China 2017-09-20 12:00:00

The Chinese flagship move - commonly known as 'Belt and Road' (BR) - could deliver mutual and equal socio-economic benefits for both the developed and the developing countries, speakers said while ina...

BB to strengthen farm loan monitoring

BB to strengthen farm loan monitoring

Siddique Islam 2017-09-20 12:00:00

The central bank is going to strengthen its monitoring and supervision for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture...

Minimum capital mandatory for all stock market intermediaries

Minimum capital mandatory for all stock market intermediaries

Mohammad Mufazzal 2017-09-20 12:00:00

The regulator is readying a set of rules making it mandatory for all market intermediaries to maintain minimum capital to avert risks of their doing business on the capital market.   After the...

Jamuna Bank  inks deal  with Titas Gas

Jamuna Bank inks deal with Titas Gas

FE Online Desk 2017-09-20 12:00:00

Jamuna Bank Limited recently signed an agreement with Titas Gas Transmission & Distribution Company Limited at Titas Gas Head Office. Under this agreement, Titas Gas subscribers can pay their gas...

SoEs run deep in debt for government indifference

SoEs run deep in debt for government indifference

Jasim Uddin Haroon 2017-09-20 11:27:58

State-owned enterprises (SoEs) run deep in debt, as of latest calculations, as repayment rates stand much lower than borrowings for government's indifference towards their reform.   People fami...

Electrocution kills two in Magura

Electrocution kills two in Magura

-- 2017-09-20 11:27:48

Two friends died from electrocution at a poultry farm in Alamkhali village under Sadar upazila of Magura on Tuesday night.    Police said Titul Hossain, 28, and Hasan Ali, 26, residents of...

BB to bend rules for banks  to invest beyond limit

BB to bend rules for banks to invest beyond limit

Syful Islam 2017-09-19 12:00:00

Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants. Sources said the Bangladesh Bank...

35 individuals, orgs get BB remittance award

35 individuals, orgs get BB remittance award

-- 2017-09-19 12:00:00

Thirty-five individuals and organisations, including five commercial banks, have been awarded the ‘Bangladesh Bank Remittance Award-2016’. They have got the award for sending home the hig...

Padma Bridge cost may rise third time

Padma Bridge cost may rise third time

-- 2017-09-19 10:34:05

The estimated cost of the much-hyped Padma Multipurpose Bridge Project is likely to see a rise for the third time by around Tk 14.0 billion (1,400 crore), reports UNB.   The new rise will take...

Government goes for augmenting non-tax revenue to meet needs

Government goes for augmenting non-tax revenue to meet needs

Rezaul Karim 2017-09-19 10:11:51

The government plans to augment non-tax revenues and non-NBR tax collection by exploring new areas to meet its growing fund needs, officials said. Besides, a hike in fees on different items under d...

Labour rights integral part of BD economy: PM

Labour rights integral part of BD economy: PM

-- 2017-09-19 08:54:53

Prime Minister Sheikh Hasina has said her government has taken the issue of labour rights as an integral part of the economy and society. “We are looking to the protection of labour rights as a...

Australia jobs pick-up to continue: RBA

Australia jobs pick-up to continue: RBA

-- 2017-09-19 02:12:24

Reserve Bank of Australia (RBA) has turned more upbeat on the economic outlook led by an improving labour market, although it remained worried about rising household debt and a strong local dollar. &...

Basic Bank’s total loans reach over Tk 65.38b

Basic Bank’s total loans reach over Tk 65.38b

FE Report 2017-09-18 12:00:00

The total amount of outstanding loans of Basic Bank Limited to 628 companies has reached over Tk 65.38 billion, while the bank also provided loans to 57 companies without any document. Basic Bank g...