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The Financial Express

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FBCCI urges Canadian companies to invest in Bangladesh’s waste management

FBCCI urges Canadian companies to invest in Bangladesh’s waste management

-- 2022-04-13 17:36:54

FBCCI President Md Jashim Uddin has urged Canadian companies to invest in waste management and waste-to-power generation in Bangladesh as the country has a number of reputed companies in this f...

Recycling factory to turn old laptops, mobile phones into gold

Recycling factory to turn old laptops, mobile phones into gold

Rassiq Aziz Kabir 2022-04-13 15:42:19

The British Royal Mint has taken an initiative to turn old laptops and mobile phones into Gold. This is supposed to be the World's first successful recycling factory. This facility will be the first...

ICCB lauds Bangladesh’s tremendous post-pandemic economic recovery, growth

ICCB lauds Bangladesh’s tremendous post-pandemic economic recovery, growth

FE ONLINE DESK 2022-04-13 13:33:23

The economy of Bangladesh has fared quite well despite the impact of the Covid-19 pandemic. Before the onset of the Coronavirus, the economy was growing rapidly. In FY20 the growth became slower. Howe...

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

-- 2022-04-12 20:42:56

The US inflation rate hit a fresh 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war. Consumer prices increased by 8.5 per cent, the largest rat...

250m people may fall into extreme poverty this year, warns Oxfam

250m people may fall into extreme poverty this year, warns Oxfam

FE ONLINE DESK 2022-04-12 19:53:13

Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of the Covid-19 pandemic, rising global inequality and the shock of food price rises supercharged by...

Flood-hit haor farmers to get stimulus package

Flood-hit haor farmers to get stimulus package

-- 2022-04-12 19:30:03

The government plans to have a new pot of money to pass out to farmers in the haor region after recent flash floods destroyed their crops. Floods in early April damaged paddy on around 6,500 hectares...

Govt to build 15,000 square feet hi-tech park in Keraniganj 

Govt to build 15,000 square feet hi-tech park in Keraniganj 

-- 2022-04-12 18:56:18

A 15,000 square feet hi-tech park is going to be established in Keraniganj, southern suburb of Dhaka city.  State Minister for Power, Energy and Mineral Resources Nasrul Hamid laid the foundatio...

Pay your bills by microchip implanted in your hand 

Pay your bills by microchip implanted in your hand 

RASSIQ AZIZ KABIR   2022-04-12 18:46:25

Can you imagine going to a shop or a restaurant and simply placing your hand in front of the card reader and the payment is completed within a split second?   Although it might seem quite u...

WTO lowers 2022 global trade growth forecast

WTO lowers 2022 global trade growth forecast

-- 2022-04-12 18:24:26

The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3.0 per cent from 4.7 per cent due to the impact of the Russia-Ukraine war and warned of a...

Bangladesh’s foreign debt far below risk limit: Economic review tells PM

Bangladesh’s foreign debt far below risk limit: Economic review tells PM

-- 2022-04-12 18:17:20

Bangladesh’s economy is relatively stable in almost all the indicators and its amount of foreign debt is still far below the risk limit. This observation came when Prime Minister Sheikh Hasina...

CPD urges govt to prepare realistic budget for pandemic recovery 

CPD urges govt to prepare realistic budget for pandemic recovery 

-- 2022-04-12 17:41:33

The Centre for Policy Dialogue (CPD) has urged the government to prepare a realistic budget with a clear implementation pathway for the upcoming fiscal year 2022-23.  The CPD, a think tank and r...

Lanka debt default syndrome: Bangladesh weighs own situation today

Lanka debt default syndrome: Bangladesh weighs own situation today

FHM HUMAYAN KABIR 2022-04-12 08:58:36

Sri Lanka's economic woes standing as a global concern, Bangladesh government's high-ups are sitting today for a stocktaking of its own macroeconomic scenario and foreign-debt position, officials said...

Belt-tightening begins to control forex extravagance

Belt-tightening begins to control forex extravagance

SIDDIQUE ISLAM 2022-04-12 08:36:10

Depositing minimum 25-percent cash margin on letter of credit (LC) for all imports, bar some essentials, is now mandatory under a monetary measure meant for easing import-payment pressure on the econo...

Bangladesh receives 2nd highest remittance from US in March

Bangladesh receives 2nd highest remittance from US in March

-- 2022-04-11 21:41:14

Bangladesh receives 2nd highest remittance from US in March  Bangladesh received the second-highest remittance from the United States in March, which showed a change in inward remittance flow.&n...

South Korea to create employment for girls in Bangladesh 

South Korea to create employment for girls in Bangladesh 

-- 2022-04-11 19:15:31

A new project has been undertaken to empower out-of-school adolescent girls and young women with market-driven occupational skills, transferable skills and job placements with support from the South K...

Apple starts manufacturing iPhone 13 in India

Apple starts manufacturing iPhone 13 in India

-- 2022-04-11 17:29:22

Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the US tech giant tries to reduce reliance on its Chinese supply chain. The phone is being produced at a local plan...

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

-- 2022-04-11 16:16:27

Ukraine's economic output will likely contract by a staggering 45.1 per cent this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large...

Cumilla Economic Zone gets final BEZA licence

Cumilla Economic Zone gets final BEZA licence

FE ONLINE REPORT 2022-04-11 12:15:44

The government has given the final licence to Cumilla Economic Zone (CEZ). The Bangladesh Economic Zones Authority (BEZA), a centralised economic zones authority of Bangladesh, handed over the lice...

Sri Lanka's surprise finance minister has a mountain to climb

Sri Lanka's surprise finance minister has a mountain to climb

-- 2022-04-11 11:01:44

When former justice minister Ali Sabry visited Sri Lanka's president last Monday, it was for talks amid an economic crisis that has brought thousands of protesters on to the street and left the island...

Palak hopes Bangladesh to lead world in cyber tools, cyber solutions by 2041

Palak hopes Bangladesh to lead world in cyber tools, cyber solutions by 2041

-- 2022-04-10 20:38:42

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak on Sunday said the government works to flourish cyber tools and solutions in the country. “Bangladesh does n...

UNDP, BIDA sign MoU for 'Future Nation' programme

UNDP, BIDA sign MoU for 'Future Nation' programme

-- 2022-04-10 20:30:32

The United Nations Development Programme (UNDP) and Bangladesh Investment Development Authority (BIDA) have signed a Memorandum of Understanding (MoU) for the 'Future Nation' programme to create econo...

NBR to introduce VAT-refund app

NBR to introduce VAT-refund app

-- 2022-04-10 20:03:48

The Duty Exemption and Drawback Office (DEDO) under the National Board of Revenue (NBR) is going to introduce the online refund app Dedopay to speedily resolve the refund claims of the taxpayers onl...

NBR likely miss revenue target Tk 3.30t this year too

NBR likely miss revenue target Tk 3.30t this year too

-- 2022-04-10 18:09:20

The National Board of Revenue (NBR) may miss the fiscal revenue collection target as about half of the revenue collection is yet to be done with only four months left of the current financial year. L...

Top value for money: Older phones to buy in 2022

Top value for money: Older phones to buy in 2022

Fardeen Kabir 2022-04-10 16:41:52

The modern phones are said to have hit their inflection point where phones are not getting seemingly better with their newer generations. So getting an older device will save you some valuable budget...

‘Practise what you preach’

‘Practise what you preach’

FE REPORT 2022-04-10 08:38:33

Renowned economist Prof Rehman Sobhan says politics and administrative quality ought to pair up for proper implementation of the policies while few other veterans stressed practicable planning. Shari...

Headphones that can filter air

Headphones that can filter air

Rassiq Aziz Kabir 2022-04-09 16:38:24

Dyson, the renowned Singaporean electronics appliance company, has come up with a special pair of headphones that can mitigate noise and air pollution. A specific type of air purification technology...

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka doubles interest rates to tame inflation; stabilise economy

-- 2022-04-09 12:12:27

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven...

BIDA seeks to deliver high-value services after WAIPA directorship

BIDA seeks to deliver high-value services after WAIPA directorship

SAIF UDDIN 2022-04-09 10:08:13

The Bangladesh Investment Development Authority (BIDA) looks to deliver high-value services as it has recently assumed the regional directorship of WAIPA, a UN-affiliated global platform to promote in...

Dhaka seeks $500m more in WB aid

Dhaka seeks $500m more in WB aid

FHM HUMAYAN KABIR 2022-04-09 08:35:47

Bangladesh is likely to seek US$500 million more in budgetary support from the World Bank at the upcoming IMF-WB spring meeting in Washington, as the government eyes yet a bigger budget. Besides, an...

Japan to ban coal imports from Russia

Japan to ban coal imports from Russia

-- 2022-04-08 17:44:10

Japan, the world's third-largest coal importer, said on Friday it will ban coal imports from Russia and impose a wide range of additional sanctions, including freezing the assets of two major banks an...