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The Financial Express

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Emphasis on building awareness for success of impact investment 

Emphasis on building awareness for success of impact investment 

-- 2022-08-02 18:44:20

Experts have observed that building awareness is critical to the success of impact investment in Bangladesh.  They opined that impact investment is defined as investments made with the intention...

ECNEC approves seven projects worth Tk 20.07 billion

ECNEC approves seven projects worth Tk 20.07 billion

-- 2022-08-02 17:11:54

The Executive Committee of National Economic Council (ECNEC) has development projects with an estimated cost of Tk 20.07 billion.  The meeting also suspended a Tk 2.36 billion project of Teletal...

Exports rise 14.70pc year-on-year in July

Exports rise 14.70pc year-on-year in July

FE Online Report 2022-08-02 16:41:45

The country's merchandise export earnings maintained moderate growth in the first month of the current fiscal year (FY23), posting over 14.70 per cent rise to $3.98 billion year-on-year as a result of...

Teletalk's 5G expansion plan suspended amid forex crunch

Teletalk's 5G expansion plan suspended amid forex crunch

-- 2022-08-02 15:55:37

Prime Minister Sheikh Hasina has decided to put the Tk 2.36 billion 5G network expansion project by state-owned telecom operator Teletalk in ‘important’ Dhaka areas on hold amid Bangladesh...

US targets Chinese, UAE firms in new Iran oil sanctions

US targets Chinese, UAE firms in new Iran oil sanctions

-- 2022-08-02 12:11:37

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise...

Bangladesh receives $2.09b remittance in July, highest in 14 months

Bangladesh receives $2.09b remittance in July, highest in 14 months

-- 2022-08-01 21:50:12

Expatriates sent inward remittances worth $2.09 billion in July, the first month of the current fiscal year, Bangladesh Bank (BB) report said. The BB report released on Monday stated that the remitta...

Rouble bounces back from more than three-week lows against dollar, euro

Rouble bounces back from more than three-week lows against dollar, euro

-- 2022-08-01 21:09:47

The rouble bounced back from more than three-week lows against the dollar and euro in Moscow trade on Monday, supported by strong fundamentals while buffeted by lower oil prices and the end of a favou...

Trade deficit crosses $33b in FY22

Trade deficit crosses $33b in FY22

FE ONLINE REPORT 2022-08-01 19:11:38

The country’s deficit in trade in goods with the rest of the world crossed US$33 billion in the last fiscal year (FY22), according to the central bank’s updated statistics released on Mond...

BEPZA economic zone gets $28m more investment 

BEPZA economic zone gets $28m more investment 

-- 2022-08-01 18:46:04

M/s Nova Intima Limited, a Hong Kong-British Virgin Island owned ladies undergarments manufacturing company, has signed an agreement to invest $ 28 million in BEPZA Economic Zone (BEPZA EZ).  El...

Bangladesh Bank hikes interest rate of NFDC

Bangladesh Bank hikes interest rate of NFDC

-- 2022-08-01 18:16:51

Bangladesh Bank (BB) has increased and fixed the interest rate of non-resident foreign currency deposit (NFCD) accounts to encourage inward foreign currency.  For one year and up to three years...

Banks miss CMSMEs stimulus loans disbursement target: BB report

Banks miss CMSMEs stimulus loans disbursement target: BB report

-- 2022-08-01 17:33:36

Despite the central bank's priority, banks have failed to achieve the stimulus loans (phase-2) disbursement target among cottage, micro, small and medium entrepreneurs (CMSMEs). According to the late...

Teletalk plans to launch 5G services in key Dhaka areas by 2024

Teletalk plans to launch 5G services in key Dhaka areas by 2024

-- 2022-08-01 15:47:07

State-owned telecom operator Teletalk is planning to introduce 5G network services in Dhaka’s key residential areas and government offices in 2024. The project, titled 'Commercial Launch of 5G...

Robi needs a Manager, Robi Data Business

Robi needs a Manager, Robi Data Business

FE Online 2022-08-01 15:01:29

Robi Axiata Limited is currently the second largest mobile operator in Bangladesh.  Vacancy: 1 Vacancy Type: Manager, Robi Data Business Job Responsibilities: Assist in Maintaining Data P...

Inflation begins to strain finances of young, low-income Americans

Inflation begins to strain finances of young, low-income Americans

REUTERS 2022-08-01 11:29:01

As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure. Generation Z consumers and those with low credit scores are...

Upskilling youths begins for higher productivity

Upskilling youths begins for higher productivity

FE REPORT 2022-08-01 08:27:00

Upskilling employable youths begins soon for raising productivity at home and remittance from abroad from high-end jobs, as the government prepares a recipe to that end. Sources say the government ha...

Investment climate constraints impede higher growth: US report

Investment climate constraints impede higher growth: US report

FE Online Report 2022-07-31 19:51:29

Investment climate constraints, deficiencies in energy and transportation infrastructure and an opaque regulatory environment have prevented Bangladesh from achieving higher growth, said the US State...

Bangladesh to continue to attract increasing investment despite issues, US govt says 

Bangladesh to continue to attract increasing investment despite issues, US govt says 

-- 2022-07-31 18:30:37

Bangladesh will likely continue to attract increasing investment, despite severe economic headwinds created by the global outbreak of Covid-19, says the United States.  The US sees sustained eco...

UK businesses expect zero growth over next 3 months, survey shows

UK businesses expect zero growth over next 3 months, survey shows

REUTERS 2022-07-31 11:56:23

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday. The Confederation of British Industry...

Indonesia opens temporary access to PayPal after blocking sparks backlash

Indonesia opens temporary access to PayPal after blocking sparks backlash

REUTERS 2022-07-31 11:46:11

Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a senior official said on Sunday, after the country's blocking of some online services and games...

Sri Lanka's Wickremesinghe says IMF accord pushed back after unrest

Sri Lanka's Wickremesinghe says IMF accord pushed back after unrest

-- 2022-07-31 10:35:34

Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, the Associate...

Chinese rocket falls to Earth, NASA says Beijing did not share information

Chinese rocket falls to Earth, NASA says Beijing did not share information

-- 2022-07-31 09:30:25

A Chinese rocket fell back to Earth on Saturday over the Indian Ocean but NASA said Beijing had not shared the "specific trajectory information" needed to know where possible debris might fall, Reuter...

Trade, investment in post-LDC era: Tokyo to help Dhaka on roadmap

Trade, investment in post-LDC era: Tokyo to help Dhaka on roadmap

REZAUL KARIM 2022-07-31 08:09:40

Japan is expected to assist Bangladesh to prepare a roadmap with a view to facing challenges after its graduation from the Least Developed Countries (LDC) club in 2026. To this effect, a five-membe...

Legal framework on access to NDB loans drafted

Legal framework on access to NDB loans drafted

DOULOT AKTER MALA 2022-07-31 07:58:10

Bangladesh has drafted a legal framework to make the way for getting access to credit from the BRICS-led New Development Bank (NDB). The Economic Relations Division (ERD) under the Ministry of Financ...

Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

-- 2022-07-30 19:05:14

Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in...

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka resumes bailout discussions with IMF, finance ministry says

-- 2022-07-30 11:56:22

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday, Reuters reports. Discu...

PM adviser Salman says govt austerity measures, BB’s control paying off

PM adviser Salman says govt austerity measures, BB’s control paying off

FE ONLINE DESK 2022-07-30 10:39:11

Bangladesh prime minister’s Private Industry and Investment Adviser Salman F Rahman has said the austerity measures initiated by the government and the central banks to rein in a bullish trend o...

Conspiracy website InfoWars parent files for bankruptcy

Conspiracy website InfoWars parent files for bankruptcy

REUTERS 2022-07-30 10:38:34

The parent of far-right conspiracy website InfoWars filed for US bankruptcy protection on Friday as the company and its founder Alex Jones face up to $150 million in damages in a trial over longstandi...

Bangladesh, Uzbekistan agrees to re-start direct flights

Bangladesh, Uzbekistan agrees to re-start direct flights

FE ONLINE REPORT 2022-07-29 18:57:30

Uzbekistan agreed to start Dhaka-Tashkent direct flights, and to ease the procedure to issue visas to Bangladeshis, foreign minister Dr AK Abdul Momen said on Friday. ‘Both the countries agreed...

Inflation hits record 8.9pc in 19 European countries

Inflation hits record 8.9pc in 19 European countries

-- 2022-07-29 18:38:23

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy still managed bet...

Bangladesh, UAE agree to boost bilateral ties

Bangladesh, UAE agree to boost bilateral ties

-- 2022-07-29 17:16:25

Bangladesh and the United Arab Emirates (UAE) have discussed a roadmap for future cooperation agenda, including high-level visits to mark the Golden Jubilee of Bangladesh-UAE diplomatic relations in 2...