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The Financial Express

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Hacker offers to sell 48.5m users’ data of Covid-19 app for $4,000

Hacker offers to sell 48.5m users’ data of Covid-19 app for $4,000

-- 2022-08-12 16:26:15

A hacker has claimed to have obtained the personal information of 48.5 million users of a Covid-19 health code mobile app run by the city of Shanghai, the second claim of a breach of the Chinese finan...

Troubled UK economy rides out Jubilee disruption, but recession looms

Troubled UK economy rides out Jubilee disruption, but recession looms

REUTERS 2022-08-12 15:04:25

Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail an...

Google in Australia fined $43 million for misleading users

Google in Australia fined $43 million for misleading users

-- 2022-08-12 14:56:01

Australia's competition watchdog said on Friday that Alphabet's Google unit was ordered by the country's Federal Court to pay A$60 million ($42.7 million) in penalties for misleading users on collecti...

'Fiscal situation worsens amid poor revenue, high public borrowings'

'Fiscal situation worsens amid poor revenue, high public borrowings'

FE REPORT 2022-08-12 11:16:39

Economist Dr Debapriya Bhattacharya on Thursday said the country's fiscal situation worsened especially over the past two months due to poor revenue growth and high public borrowings. Terming the fis...

Default debts in Bangladesh’s banks balloon to Tk 1.25t

Default debts in Bangladesh’s banks balloon to Tk 1.25t

-- 2022-08-11 22:01:53

Amid criticism of the Bangladesh Bank for relaxing rules for repayment and rescheduling, the authorities have reported a Tk 118.16 billion rise in the size of defaulted loans in the last quarter of 20...

Comment on China loan: Finance minister sends rejoinder to FT

Comment on China loan: Finance minister sends rejoinder to FT

FE Online Report 2022-08-11 19:15:17

Finance Minister AHM Mustafa Kamal sent a rejoinder to the London-based daily the Financial Times on Thursday in connection with an interview published by the newspaper recently, ministry officials sa...

Finance minister says govt evaluating impact of fuel price hike

Finance minister says govt evaluating impact of fuel price hike

-- 2022-08-10 21:46:23

The government is evaluating the impact of the fuel price hike on the livelihoods of common people, according to Finance Minister AHM Mustafa Kamal.  “Necessary steps will be taken in cons...

Dollar price in kerb market jumps to Tk 120

Dollar price in kerb market jumps to Tk 120

-- 2022-08-10 19:52:06

The price of US dollars jumped to Tk 120 in the open market, commonly known as kerb market, on Wednesday amid persistent short supply of the greenback against the growing demand from importers and tho...

RMG export growth could drop to 15pc this year

RMG export growth could drop to 15pc this year

-- 2022-08-10 19:16:54

Growth in Bangladesh's ready-made garment (RMG) exports could drop to about 15 per cent this year after an unusually strong expansion of more than 30 per cent in 2021, two industry leaders told Reuter...

Your smartphone screen can be black and white

Your smartphone screen can be black and white

Abrar Fahim 2022-08-10 18:36:17

If you’re addicted to your smartphone, and probably have no idea about this hidden setting that lets you use your phone in grayscale (B&W) mode, this article is for you. The process is fairl...

Bangladesh hasn’t asked for specific info on Swiss bank accounts, says ambassador

Bangladesh hasn’t asked for specific info on Swiss bank accounts, says ambassador

FE ONLINE DESK 2022-08-10 15:17:35

The Bangladesh government has not asked for any specific information on the Swiss bank accounts of its citizens, according to Switzerland Ambassador to Bangladesh Nathalie Chuard.  “We hav...

Microsoft for Startups Founders Hub launched in Bangladesh

Microsoft for Startups Founders Hub launched in Bangladesh

FE Online 2022-08-10 15:15:49

Microsoft launched its Microsoft for Startups Founders Hub in Bangladesh, continuing its mission to fuel innovation amongst ambitious startups in Asia who are eager to make their mark on the global st...

Bangladesh Bank eases rules for inward remittances amid forex crunch

Bangladesh Bank eases rules for inward remittances amid forex crunch

-- 2022-08-10 13:58:56

The central bank has relaxed the banking rules governing remittance inflows amid an ongoing foreign currency crunch. Banks can now establish drawing arrangements, an official channel to receive...

Kamal warns on loans from China

Kamal warns on loans from China

FE Online Report 2022-08-09 22:13:32

AHM Mustafa Kamal, finance minister of Bangladesh, talks to the Financial Times (FT) South Asia correspondent Benjamin Parkin on Bangladesh's economic situation and Chinese debt. The full report is re...

Bangladesh's export to grow with 98pc duty-free market access: China

Bangladesh's export to grow with 98pc duty-free market access: China

-- 2022-08-09 21:31:43

The duty-free treatment of 98 per cent tariff lines goods will help Bangladesh to further increase its export to China, says the Chinese Embassy in Dhaka on Tuesday. State Councilor and Foreign Minis...

Google services back to normal after brief outage

Google services back to normal after brief outage

-- 2022-08-09 14:56:06

Alphabet Inc's Google services appeared to be back up after facing a brief global disruption on late Monday, according to outage tracking website Downdetector.com. Reports of the outage dropped to l...

Sri Lanka power regulator approves 75pc tariff hike

Sri Lanka power regulator approves 75pc tariff hike

-- 2022-08-09 14:50:16

Sri Lanka's power regulator said on Tuesday it had approved a 75 per cent hike in power tariffs, reports Reuters. "The Commission decided to approve a fair electricity tariff, taking all these...

BD's duty-free facility for Bhutan comes into effect

BD's duty-free facility for Bhutan comes into effect

DOULOT AKTER MALA 2022-08-09 08:29:14

Bangladesh has finally made the duty-free market-access facility under preferential trade agreement (PTA) effective for Bhutan through a much-awaited official gazette. The customs authority has offer...

IMF team due early Sept for negotiating major loan

IMF team due early Sept for negotiating major loan

FE REPORT 2022-08-09 08:01:15

An International Monetary Fund (IMF) delegation will visit Dhaka early next month to negotiate a major loan Bangladesh seeks specifically for funding budget deficit, officials say. Sources say the fo...

Inter-bank dollar exchange rate rises to Tk 95

Inter-bank dollar exchange rate rises to Tk 95

FE ONLINE DESK 2022-08-08 21:13:25

Bangladesh Bank has increased the inter-bank rate of a US dollar by 30 paisa in its latest move. According to media reports, the price of a US dollar now stands at Tk 95. On Monday, the central bank...

Bangladesh Bank orders removal of treasury chiefs of six banks

Bangladesh Bank orders removal of treasury chiefs of six banks

-- 2022-08-08 20:41:47

Bangladesh Bank has ordered the removal of treasury chiefs of six banks for their involvement in raising the price of the US dollar by hoarding more greenbacks than necessary. The banks include five...

NBR signs deals with DPDC, DESCO, BRTA to trace errant landlords, car owners

NBR signs deals with DPDC, DESCO, BRTA to trace errant landlords, car owners

-- 2022-08-08 18:50:15

The National Board of Revenue (NBR) has struck three agreements to trace errant landlords and car owners as part of efforts to widen the tax net. The deals on Application Programming Interface (API)...

Black money whitening declined in FY22: NBR data

Black money whitening declined in FY22: NBR data

-- 2022-08-08 17:56:32

The number of black money holders paying taxes under an amnesty decreased by19.16 per cent to 2,300 in FY22, according to the latest NBR data availed on Monday In the last financial year, there was a...

Currencies find breathing space as dollar eases slightly

Currencies find breathing space as dollar eases slightly

-- 2022-08-08 16:46:30

Emerging market currencies came off session lows on Monday, as the dollar eased slightly after a strong rally spurred by rising bets of the US Federal Reserve staying aggressive with its monetary poli...

Facebook to shut down its live shopping feature on October 1

Facebook to shut down its live shopping feature on October 1

FE ONLINE DESK 2022-08-08 16:04:17

Facebook users will no longer be able to host any new or scheduled live shopping events from October 1 as the parent company of the social media giant has decided to shut down its live shopping featur...

Robi needs a GM, Enterprise Program Management Office

Robi needs a GM, Enterprise Program Management Office

-- 2022-08-08 15:17:00

Robi Axiata Ltd is currently the second largest mobile operator in Bangladesh.  Vacancy: not specified  Name of the Position: GM, Enterprise Program Management Office  Job Responsi...

'Bangladesh seeks IMF assistance on precautionary grounds'

'Bangladesh seeks IMF assistance on precautionary grounds'

FE REPORT 2022-08-08 09:06:07

Bangladesh has sought assistance from International Monetary Fund (IMF) on precautionary grounds to deal with future uncertainty unlike Sri Lanka and Pakistan where economy is already in distress, sai...

Inflation surge, wage stagnation erode people’s purchasing power

Inflation surge, wage stagnation erode people’s purchasing power

JASIM UDDIN HAROON 2022-08-08 08:24:31

Wage growth in Bangladesh remains stymied in relation to soaring headline inflation and the mismatch stokes concerns about shrinkage of people's real income and its compound fallout. As a result of t...

China's exports gain steam though outlook remains uncertain

China's exports gain steam though outlook remains uncertain

-- 2022-08-07 14:57:53

China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start...

Musk challenges Twitter CEO to public debate on bots

Musk challenges Twitter CEO to public debate on bots

-- 2022-08-06 23:08:45

Elon Musk on Saturday challenged Twitter Inc Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. "Let him prove to the public that Twit...