Loading...
The Financial Express

Search results for: EC

Google to allow app developers to use rival payment systems

Google to allow app developers to use rival payment systems

-- 2022-07-19 19:42:32

Alphabet unit Google said it will from Tuesday cut fees to 12 per cent, from 15 per cent, for non-gaming app developers on its Google Play App Store which switch to rival payment systems, as it moves...

Inflation hits nine-year high of 7.56pc in June

Inflation hits nine-year high of 7.56pc in June

-- 2022-07-19 18:19:39

Bangladesh witnessed an nine-year high of 7.56 per cent inflation rate in June, the last month of FY22, as per state-owned BBS data. This important indicator of the economy rose by 7.42 per cent in M...

Pakistani rupee falls to all-time low against US dollar

Pakistani rupee falls to all-time low against US dollar

-- 2022-07-19 18:19:12

The Pakistani rupee fell to an all-time low against the dollar for the second day in a row on Tuesday, closing at Rs222 in the interbank market. According to the Forex Association of Pakistan (FAP),...

ECNEC approves second revision of MRT-6 project

ECNEC approves second revision of MRT-6 project

-- 2022-07-19 17:55:35

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the second revision of the much-hyped Dhaka Mass Rapid Transit Development (Line-6) project with an additional cost...

Indian rupee falls past 80 against dollar to hit record low

Indian rupee falls past 80 against dollar to hit record low

-- 2022-07-19 17:29:28

The Indian rupee hit a seventh straight session of record lows on Tuesday as weakness in domestic shares and currencies weighed, but dollar selling intervention by the central bank helped limit furthe...

Russia says Apple violates antitrust laws

Russia says Apple violates antitrust laws

-- 2022-07-19 16:18:53

Russia's competition authority said on Tuesday that US tech giant Apple is in violation of the country's antitrust laws due to its dominant position in the app store market. In a statement, the feder...

Banglalink is looking for an Associate Human Resources Business Partner

Banglalink is looking for an Associate Human Resources Business Partner

FE Online 2022-07-19 13:56:24

Banglalink is one of the leading telecommunications companies in the country. It is a subsidiary of VEON Ltd, a Netherlands-based company. Banglalink’s subscriber base exceeds 38 million users....

Job Opportunity at Robi as Senior Data Analyst

Job Opportunity at Robi as Senior Data Analyst

FE Online 2022-07-19 13:53:55

Robi Axiata Ltd is currently the second largest mobile operator in Bangladesh.  Vacancy: not specified  Name of the Position: Senior Data Analyst  Job Responsibilities: Responsi...

How China became ground zero for the auto chip shortage

How China became ground zero for the auto chip shortage

REUTERS 2022-07-19 09:56:03

From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000...

Loan rescheduling time redoubled, costs slashed

Loan rescheduling time redoubled, costs slashed

Siddique Islam 2022-07-19 08:42:19

It comes as a bounteous bail-in for big borrowers as the central bank liberally relaxes loan- rescheduling liabilities trying to facilitate overall business activities in Bangladesh amid global crunch...

Emphasis on inclusive insurance, risk finance for all

Emphasis on inclusive insurance, risk finance for all

-- 2022-07-18 21:32:56

Speakers at a workshop on Monday called upon the government, development partners and private sector for enabling an environment for inclusive insurance and risk financing for the country's sustainabl...

Scientists explore sun-dimming technology as 1.5C warming limit nears

Scientists explore sun-dimming technology as 1.5C warming limit nears

-- 2022-07-18 18:36:04

As fossil fuel use continues apace and a hotter planet edges close to passing safety limits, some scientists are exploring a controversial technological stopgap: spraying chemicals into the atmosphere...

Bangladesh, Indonesia for early conclusion of PTA for strengthening economic cooperation

Bangladesh, Indonesia for early conclusion of PTA for strengthening economic cooperation

-- 2022-07-18 17:37:38

Bangladesh and Indonesia have stressed concluding the bilateral preferential trade agreement (PTA) to further strengthen the economic cooperation between the two countries. Bangladesh and Indonesia h...

IMF airs concern over rising bad loans in banks

IMF airs concern over rising bad loans in banks

-- 2022-07-18 17:22:55

A visiting delegation of the International Monetary Fund (IMF) has expressed concern over the weakness of Bangladesh's banking system and the high rate of non-performing loans (NPL), according to a se...

Sri Lanka crisis is a warning to other Asian nations: BBC

Sri Lanka crisis is a warning to other Asian nations: BBC

BBC 2022-07-18 17:21:30

Sri Lanka is in the midst of a deep and unprecedented economic crisis that has sparked huge protests and seen its president quit after fleeing the country - but other countries could be at risk of sim...

Australia, New Zealand dollars get a lift from sky-high inflation

Australia, New Zealand dollars get a lift from sky-high inflation

-- 2022-07-18 16:41:08

The New Zealand dollar got a rare rally on Monday after an alarmingly high reading on inflation stoked speculation of more aggressive rate hikes, pushing up bond yields and its Australian cousin. The...

BB lifts interest rate ceiling on NFCDs

BB lifts interest rate ceiling on NFCDs

FE REPORT 2022-07-18 08:51:42

The Bangladesh Bank (BB) on Sunday withdrew the interest rate ceiling on non-resident foreign currency deposits (NFCDs) to raise the inflow of foreign currency into the country and ease the ongoing pr...

IMF team meets MoC secy

IMF team meets MoC secy

FE REPORT 2022-07-18 08:45:25

A delegation of the International Monetary Fund (IMF) met Senior Secretary of Ministry of Commerce (MoC) Tapan Kanti Ghosh at his secretariat office in the capital on Sunday. The delegation met him t...

Bank borrowing triples in FY ’22

Bank borrowing triples in FY ’22

SIDDIQUE ISLAM 2022-07-18 08:38:32

Government bank borrowings nearly tripled in the past fiscal, partly being pushed by need for financing budget deficit, officials say, raising its debt liability. Its aggregate net bank borrowings ro...

Non-resident Bangladeshis can now open foreign currency deposit accounts

Non-resident Bangladeshis can now open foreign currency deposit accounts

-- 2022-07-17 18:58:43

Bangladesh Bank has allowed authorised dealers (ADs) to open interest-bearing non-resident foreign currency deposit (NFCD) accounts in order to increase foreign currency flow. The non-resident Bangla...

China's monetary policy has ample room to meet challenges: State media

China's monetary policy has ample room to meet challenges: State media

-- 2022-07-17 17:09:32

China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, says Reuters citing a co...

Debt default: At least dozen countries are in danger zone

Debt default: At least dozen countries are in danger zone

-- 2022-07-17 16:02:49

A record number of developing nations are now in trouble as they show traditional debt crisis signs of crashing currencies, 1,000 basis point bonds spread and burned FX reserves point. Lebanon, Sri L...

Pakistan to get $4b from friendly countries to shore up reserves

Pakistan to get $4b from friendly countries to shore up reserves

REUTERS 2022-07-17 13:14:10

Pakistan is likely to get $4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, the country's finance minister said, two d...

Unrealistic energy policies may lead to higher inflation, says Saudi crown prince

Unrealistic energy policies may lead to higher inflation, says Saudi crown prince

-- 2022-07-16 20:23:59

Saudi Arabia's Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and those unrealistic emission policies...

Musk challenges Twitter’s request to fast-track trial over $44.0b deal

Musk challenges Twitter’s request to fast-track trial over $44.0b deal

-- 2022-07-16 20:05:02

Elon Musk filed a motion on Friday opposing Twitter Inc's request to fast-track a trial over his plan to terminate his $44.0 billion deal for the social media firm. Musk's lawyers, in papers filed wi...

G20 finance chiefs reach ‘consensus’ on food security, remain divided on Ukraine war

G20 finance chiefs reach ‘consensus’ on food security, remain divided on Ukraine war

-- 2022-07-16 17:35:31

The Group of 20 major economies' finance chiefs reached what one called a "strong consensus" on issues including global food security at a two-day meeting in Indonesia but remained divided over Russia...

World Bank approves $500m to help Bangladesh improve disaster preparedness

World Bank approves $500m to help Bangladesh improve disaster preparedness

FE ONLINE REPORT 2022-07-16 13:32:36

The World Bank on Saturday approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts, benefiting over 1.25 million people.The...

Incentive waiver thru LDC graduation: Finance frames export strategy

Incentive waiver thru LDC graduation: Finance frames export strategy

REZAUL KARIM 2022-07-16 08:29:39

Lifting conditions regarding local value addition and gradual cut in HS Headings on apparel items are among measures envisaged as export booster after Bangladesh's LDC graduation that will banish cash...

Bangladesh loses $5-10b in leather export for environmental issues: Experts

Bangladesh loses $5-10b in leather export for environmental issues: Experts

-- 2022-07-15 17:37:23

Environmental issues are holding back the export of Bangladesh’s leather to Europe and the US and a potential earning of up to $10 billion a year, according to traders and exporters.  Indu...

China's economy brakes sharply in Q2, global risks darken outlook

China's economy brakes sharply in Q2, global risks darken outlook

-- 2022-07-15 17:32:00

China's economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a d...