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The Financial Express

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Buyers’ credit jumps by 20pc in first half for low interest

Buyers’ credit jumps by 20pc in first half for low interest

Siddique Islam 2017-09-07 12:00:00

The volume of buyers' credit jumped by over 20 per cent in the first half (H1) of this calendar year as importers excessively bank on such cheaper foreign-currency loans.   Sources said a sect...

Tax waiver on firms’ salary expenses now conditional

Tax waiver on firms’ salary expenses now conditional

Doulot Akter Mala 2017-09-07 12:00:00

Employers have to ensure return submission on the withholding tax of their employees having taxable incomes to claim tax waiver on salary expenses.    As per provision, the tax benefit on...

New system can reconstruct faces using DNA

New system can reconstruct faces using DNA

-- 2017-09-07 06:42:23

Scientists have reconstructed faces from people's DNA, an advance that challenges the idea that genetic databases can be anonymous, reports The Times of India.   Research institutions regularly...

BNM holds key rate as growth is solid

BNM holds key rate as growth is solid

-- 2017-09-07 03:24:08

Bank Negara Malaysia (BNM), the central bank of Malaysia, has left its benchmark interest rate unchanged on Thursday as expected, as it sees the economy remaining on a solid growth.   All 11 ec...

Facebook reveals ‘Russian propaganda’ on US election

Facebook reveals ‘Russian propaganda’ on US election

BBC 2017-09-07 01:53:02

Facebook says it has discovered a Russian-funded campaign for promoting divisive social and political messages on its network.   The company said $100,000 (£77,000) was spent on about 3,0...

German industrial orders fall in July

German industrial orders fall in July

Reuters 2017-09-06 12:26:46

German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday. Factories registered a 0.7 per cent drop in orders after...

BD performance in financial inclusion not impressive: survey

BD performance in financial inclusion not impressive: survey

Jasim Uddin Haroon 2017-09-06 12:00:00

Bangladesh lags behind neighbouring India and Pakistan in attaining financial inclusion of people from various social strata, according to a survey.   The country ranked 19th, scoring 66 in the...

Govt set to revise GDP base year

Govt set to revise GDP base year

-- 2017-09-06 12:00:00

The government is going to rebase and revise the GDP year to 2015-16 from the existing 2005-2006, incorporating many more emerging areas of economic activities into the calculation of economic output....

REER index up in FY17

REER index up in FY17

FE Online Report 2017-09-06 12:00:00

Index of Real Effective Exchange Rate (REER) of Bangladeshi currency increased to 140.32 at the end of the past fiscal year (FY17) which was 138.33 at the end of FY16, the Bangladesh Bank data reveale...

Consensus on key economic issues

Consensus on key economic issues

From Jubair Hasan in Xiamen, China 2017-09-06 10:50:41

A three-day long BRICS Summit came to an end on Tuesday reaching consensus on some key economic issues that leaders believe will make voices of the developing countries much stronger in the globalised...

'Ethnic groups playing role in boosting economy'

'Ethnic groups playing role in boosting economy'

-- 2017-09-06 09:09:00

State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday said Ethnic minority groups are playing a vital role in the development of the country, says the state mini...

India freezes bank accounts of shell cos

India freezes bank accounts of shell cos

-- 2017-09-06 07:01:06

India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and tax evasion, the finance ministry has said. The latest action against shell...

Govt resumes borrowing from banks to meet budget deficit

Govt resumes borrowing from banks to meet budget deficit

Siddique Islam 2017-09-05 12:00:00

The government restarted borrowing from the banking system, ending over a month's suspension, through auctioning its securities for part financing of budget deficit.   Exigencies of food import...

NBR sets strategies to collect revenue from large taxpayers

NBR sets strategies to collect revenue from large taxpayers

Doulot Akter Mala 2017-09-05 12:00:00

Taxmen hope to harness a higher amount of Tk 550 billion in revenue from large taxpayers this fiscal year by executing a strategic plan. The strategic plan is evidently drawn amid anticipation of r...

BB team off to Manila for heist money recovery

BB team off to Manila for heist money recovery

Reuters 2017-09-05 12:00:00

Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve...

Axiata sees  strong QoQ results

Axiata sees strong QoQ results

FE Online Desk 2017-09-05 02:13:34

Axiata Group Berhad reported a strong quarter-on-quarter (QoQ) performance leading to a better first half for 2017. The Asian telecom giant, recently published its quarterly financial report for the s...

China pledges $76m for BRICS co-op plan

China pledges $76m for BRICS co-op plan

Reuters 2017-09-04 12:00:00

Chinese President Xi Jinping arrives for a group photo during the BRICS Summit at the Xiamen International Conference and Exhibition Center in Xiamen, southeastern China's Fujian Province, China Septe...

SpaceX to launch US spaceplane on Sept 7

SpaceX to launch US spaceplane on Sept 7

-- 2017-09-04 05:15:52

The US Air Force's spaceplane is getting a new ride on September 7, when the fifth X-37B Orbital Test Vehicle (OTV-5) lifts off atop a SpaceX Falcon 9 booster from Launch Pad 39A at the Kennedy Space...

Bangladesh for strengthening SAFTA, BIMSTEC

Bangladesh for strengthening SAFTA, BIMSTEC

-- 2017-09-03 12:00:00

Bangladesh has emphasised on strengthening business alliances like the South Asian Free Trade Area (SAFTA) and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)...

Traditional physical security system and beyond for Bangladesh's garment & textile industry

Traditional physical security system and beyond for Bangladesh's garment & textile industry

Sha Jalal Haider 2017-08-30 21:44:30

Bangladesh has set an export target of USD 50 billion by 2021 for the readymade garment (RMG) sector. The target appears slightly ambitious and sceptical about its attainability after the Holy Artisan...

Water security is prerequisite to  economic growth, sustainable dev

Water security is prerequisite to economic growth, sustainable dev

Faruque Hassan 2017-08-30 21:43:22

Many of us may not be aware of the fact that the World Water Day is an annual event observed on March 22 as a means of focusing attention to the importance of freshwater and advocating for the sustain...

Avoid becoming a boss from  hell—don't micromanage!

Avoid becoming a boss from hell—don't micromanage!

Eric Hwang 2017-08-30 21:36:42

One of the common reasons why someone is being labelled by his/her staff members as a "boss from hell", quite not surprisingly, is micromanagement. Other descriptions associated with this "crime" incl...

Affordable health insurance scheme  for RMG workers in Bangladesh

Affordable health insurance scheme for RMG workers in Bangladesh

Jamal Uddin 2017-08-30 21:34:28

SNV Netherlands Development Organisation piloted an inclusive business project in the readymade garment (RMG) industries of Bangladesh with funding support from The Embassy of the Kingdom of Netherlan...

Facing up to reality

Facing up to reality

Forrest Cookson 2017-08-30 21:27:17

FE Photo Someone has to tell the truth.The RMG sector faces difficulties that have been growing steadily and have reached crisis levels. These difficulties must be faced and remedied. Otherwise, the...

Opportunity coming Kenya's way in global garments trade

Opportunity coming Kenya's way in global garments trade

Mehdi Mahbub 2017-08-30 21:24:42

Kenya is rapidly becoming one of the biggest players in the world's textile manufacturing industry, and is tipped to be one of the next centres for apparel sourcing in East Africa alongside Ethiopia.F...

Sustaining RMG industry growth

Sustaining RMG industry growth

Md Ridwanul Huq 2017-08-30 21:22:47

The RMG industry has been at the helm of Bangladesh exports for over the years and a significant contributor to GDP. This industry has, till date, absorbed an estimated 4.4 million people, of whom 80...

How serious is it for Bangladesh's RMG export?

How serious is it for Bangladesh's RMG export?

Zillul Hye Razi 2017-08-29 12:00:00

Export of 'Made in Bangladesh'-tagged garment items to the European Union (EU) or its duty-free access under a relaxed rule of origin unilaterally given by the EU through GSP for the LDCs may be facin...

Costs of fossil fuel import to weigh heavily on state coffer

Costs of fossil fuel import to weigh heavily on state coffer

M Azizur Rahman 2017-08-28 12:00:00

Bangladesh's dependency on import of fossil fuels is set to swell up significantly from early 2018 as the country, for the first time, is set to start importing 'expensive' LNG (liquefied natural gas)...

Doreen Power to invest  Tk 10b more in two plants

Doreen Power to invest Tk 10b more in two plants

Kamrun Nahar 2017-08-28 01:52:45

  Private power generation company Doreen Power Generation and Systems Ltd will invest another Tk 10 billion in two power plants to add a total of 400 megawatt (MW) electricity to the national g...

Policy support needed to ensure easy access to LP gas

Policy support needed to ensure easy access to LP gas

Ismail Hossain 2017-08-28 01:51:16

Mohammed Saidul Islam Government policy support is necessary for easier and safer use of liquefied petroleum (LP) gas by households, motor vehicles and industries to cope with the increasing demand f...