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The Financial Express

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UK sees biggest rise in foreign workers since COVID-19 pandemic

UK sees biggest rise in foreign workers since COVID-19 pandemic

-- 2022-08-16 20:08:39

Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union, official figures sh...

BB sets cost limit for short-term trade finance in forex

BB sets cost limit for short-term trade finance in forex

-- 2022-08-16 19:59:16

Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term trade finance in foreign exchange. A BB circular stated that all-in-cost will include the entire cost of a financial transaction, b...

Foreign ministry starts searching cheaper sources of oil

Foreign ministry starts searching cheaper sources of oil

FE ONLINE REPORT 2022-08-16 19:43:56

In line with the instruction of Prime Minister Sheikh Hasina, Bangladesh's foreign ministry has started looking for cheaper oil sources. The foreign ministry also keep Russia in mind as an alternate...

Bionic hand can be updated with new gestures, anytime, anywhere

Bionic hand can be updated with new gestures, anytime, anywhere

-- 2022-08-16 17:49:33

Australian swimmer Jessica Smith has had an uneasy relationship with prosthetics since a childhood accident, but her convictions are being challenged by a British bionic hand that can be updated remot...

Britain launches trade system for developing countries

Britain launches trade system for developing countries

-- 2022-08-16 14:47:23

Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London's post-Brexit efforts to set up systems to replace thos...

Seven sub-committees formed to address challenges of LDC graduation

Seven sub-committees formed to address challenges of LDC graduation

FE ONLINE DESK 2022-08-16 10:13:56

Some seven sub-committees are preparing draft strategies with a time-bound action plan to meet the challenges of LDC graduation. According to an official document,Bangladesh will be facing some chall...

Bangladesh telcos alerted to cyberattacks

Bangladesh telcos alerted to cyberattacks

SAJIBUR RAHMAN 2022-08-16 08:53:19

Telecoms carriers in Bangladesh come under coordinated cyberattacks every month, indicating their diluted network communications and showing their utter vulnerabilities to such malware infections. Bu...

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

FHM HUMAYAN KABIR 2022-08-16 08:50:42

The Bangladesh Inland Water Transport Authority (BIWTA) has denied Indian line of credit (LoC) for installing a railway connection with the Ashuganj river port, insiders said on Monday. Instead, the...

Oil prices fall by more than $4.0 a barrel

Oil prices fall by more than $4.0 a barrel

-- 2022-08-15 20:12:57

Oil prices fell by more than $4.0 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns. Brent crude futures fell $4.35, or 4.43 per cent, to $93...

Indonesia plans fuel price hike to control ballooning subsidies

Indonesia plans fuel price hike to control ballooning subsidies

-- 2022-08-15 18:46:32

Indonesia plans to hike fuel prices to control ballooning energy subsidies, media reported on Monday, citing comments from the country's energy minister. Reuters says the price hike will be complemen...

China cuts key rates as economic data disappoints

China cuts key rates as economic data disappoints

-- 2022-08-15 10:40:55

China's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-Covid policy and a property crisis, while the central bank surprised mar...

Banks’ provisioning shortfall narrows

Banks’ provisioning shortfall narrows

FE REPORT 2022-08-15 08:57:04

Overall loan-provisioning shortfall in Bangladesh's banking sector narrows a bit to Tk 132.19 billion, as of last June, and experts suggest quicker improvements as inadequate security is deemed risky....

BD economy under pressure

BD economy under pressure

FE REPORT 2022-08-15 08:51:17

Bangladesh's steadily-growing economy is under pressure for disruption to global supply chain for external disturbance, experts alert and say food security facing 'threat' amid high inflation. Rising...

Bangabandhu's assassination . . . and then the long darkness

Bangabandhu's assassination . . . and then the long darkness

Syed Badrul Ahsan 2022-08-14 23:01:53

It was the end of a beautiful dream for all of us in this land. Decades after his sudden, violent passing, with the ravaging ramifications of the coronavirus pandemic yet raging all over the world, w...

Brig General Jamil: An epitome of duty & courage

Brig General Jamil: An epitome of duty & courage

Enayetullah Khan 2022-08-14 22:59:38

The dawn was about to break on August 15, 1975 when Bangabandhu Sheikh Mujibur Rahman made one of his final phone calls to his military secretary, the then Colonel Jamil Uddin Ahmad. He had been attac...

Burial in his native village

Burial in his native village

S A Karim 2022-08-14 22:56:34

As Mushtaque spoke, corpses of Bangabandhu Sheikh Mujibur Rahman and his family members lay scattered all over the house [32 Dhanmondi, Dhaka]. Just before dawn of the following day, the 16th, all of...

Bangabandhu's thoughts on economic freedom are still relevant

Bangabandhu's thoughts on economic freedom are still relevant

Dr. Atiur Rahman 2022-08-14 22:42:07

Apparently gone are the days of great moderation of high growth and low inflation in today's world. The stagflation era with low growth and high inflation followed by a severe recession is looming lar...

Fuel price hike: 'I might start begging in the street'

Fuel price hike: 'I might start begging in the street'

-- 2022-08-14 21:59:28

Bangladesh, one of the world's fastest-growing economies, has raised fuel prices by more than 50 per cent in just a week. It blames rising oil prices in the wake of the war in Ukraine. A 35-year-old...

Central bank revises cluster credit guidelines to boost small enterprises

Central bank revises cluster credit guidelines to boost small enterprises

-- 2022-08-14 21:14:57

Bangladesh Bank (BB) has revised guidelines easing its policy and definition of cluster financing to grow specialised products in a specific area in the country. SME & Special Programmes Departme...

91pc SMEs don't get bank loans

91pc SMEs don't get bank loans

-- 2022-08-14 19:52:31

The commercial banks are reluctant to provide loans to small and medium enterprises (SMEs) although the sector is the backbone of the country's economy, the experts said Sunday. "Commercial banks pro...

BB caps difference between dollar buying and selling rates at Tk 1

BB caps difference between dollar buying and selling rates at Tk 1

-- 2022-08-14 19:01:38

The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0, according to the central bank. Bangladesh Bank took the decision in a meeting w...

India's July inflation eases to 6.71pc as some commodity prices fall

India's July inflation eases to 6.71pc as some commodity prices fall

REUTERS 2022-08-14 14:00:32

India's consumer inflation dipped to 6.71 per cent in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central b...

Bangladesh economy no longer dependent on foreign aid: Shirin

Bangladesh economy no longer dependent on foreign aid: Shirin

-- 2022-08-14 13:00:18

Speaker Dr Shirin Sharmin Chaudhury today (August 14, 2022) said Bangladesh economy is no longer dependent on foreign aid as she held a meeting with UNDP Assistant Secretary General Kanni Wignaraja at...

BD an important country for dev financing: AFD

BD an important country for dev financing: AFD

FE Report 2022-08-14 08:48:08

The Agence Francaise de Developpement (AFD), the French government's funding agency, considers Bangladesh as an important country in South Asia for development funding since 22 projects with portfolio...

BB mulling fresh rules to manage forex volatility

BB mulling fresh rules to manage forex volatility

Siddique Islam 2022-08-14 08:34:23

The central bank is trying to set fresh rules on managing the volatility in foreign-exchange (forex) market and curb the falling trend of forex reserves. As part of the latest move, the Bangladesh Ba...

Many projects shelved or part-funded

Many projects shelved or part-funded

FHM HUMAYAN KABIR 2022-08-14 08:31:19

More than half of the ongoing development projects face implementation setback as the government has restricted funding to mitigate macroeconomic worries, insiders say, as a global financial crunch...

23.79pc users fall prey to social media account hacking

23.79pc users fall prey to social media account hacking

FE ONLINE REPORT 2022-08-13 19:23:03

About 23.79 per cent users fell prey to social media account hacking during the period from February 15, 2021 to March 2, 2022, according to a latest survey report. Apart from this, nearly 50.27 per...

Credit card spending soars with increasing living costs

Credit card spending soars with increasing living costs

-- 2022-08-13 17:46:09

Credit card debt has surged as consumers struggle to keep up with the high cost of living amid rising inflation. As the prices of all kinds of products including essentials are on the rise in the mar...

BFIU sought illegal money information from Swiss banks repeatedly: BB

BFIU sought illegal money information from Swiss banks repeatedly: BB

-- 2022-08-13 16:49:02

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB). In respons...

They suffer to make hilsa available on your plates

They suffer to make hilsa available on your plates

YASIR WARDAD 2022-08-13 08:45:08

The real income of the coastal fishermen have gradually been declining, forcing them to live in hunger and debt only to make Hilsa available on the plate of the Bangladeshi households. The marginal c...