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The Financial Express

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Kamal defends final GDP calculation showing higher growth

Kamal defends final GDP calculation showing higher growth

FE REPORT 2022-02-11 10:03:02

Finance Minister A H M Mustafa Kamal on Thursday defended the growth-rate-calculation process for the fiscal year (FY) 2020-21. The rate finally rose to 6.94 per cent from the provisional 5.43 per c...

No area of economy has negative growth, says Finance Minister

No area of economy has negative growth, says Finance Minister

-- 2022-02-10 18:19:07

Finance Minister AHM Mustafa Kamal has said that there is no sector of the economy that has negative growth. He made the claim while briefing reporters on the outcomes of the two consecutive meetings...

Samsung launches Galaxy S22 series smartphones with better camera

Samsung launches Galaxy S22 series smartphones with better camera

-- 2022-02-10 16:21:44

Samsung Electronics unveiled the latest versions of its flagship Galaxy S smartphones on Wednesday which feature enhanced camera functions and a faster processor chip, hoping the upgrade will revive s...

$21.5m EU funding to fast-track climate-smart investments in six South Asian nations, including Bangladesh

$21.5m EU funding to fast-track climate-smart investments in six South Asian nations, including Bangladesh

FE ONLINE REPORT 2022-02-10 15:30:00

Six South Asian nations, including Bangladesh, are set to benefit from a new US$21.5 million (EUR 18 million) funding from the European Union (EU) which will accelerate climate-smart and inclusive inf...

Sales of savings certificates slump for deep yield cuts

Sales of savings certificates slump for deep yield cuts

FE REPORT 2022-02-10 10:40:27

Deep cuts in yield rates send net sales of national savings certificates (NSCs) into negative territory in December, raising prospect for banks to wallow in deposit. The net negative sales of NSCs --...

BB asks banks to go by revenue board's clarification

BB asks banks to go by revenue board's clarification

FE REPORT 2022-02-10 09:41:10

The central bank has asked all authorised dealer (AD) banks to follow the National Board of Revenue's (NBR) clarification while deducting tax against outward remittance from income of non-residents....

Bangladesh's apparel exports to US cross pre-pandemic level in 2021

Bangladesh's apparel exports to US cross pre-pandemic level in 2021

MONIRA MUNNI 2022-02-10 09:37:38

Despite the Covid-19 pandemic, Bangladesh fetched US$7.14 billion from readymade garment exports to the US in 2021, keeping the market as its single-largest destination without any duty preferences....

Microsoft announces app store principles

Microsoft announces app store principles

-- 2022-02-10 09:11:17

Microsoft Corp on Wednesday announced a new set of principles for its app store, including open access to developers who meet privacy and security standards, Reuters reports. The move comes shortly a...

40 newly launched SpaceX satellites disabled by solar storms

40 newly launched SpaceX satellites disabled by solar storms

-- 2022-02-10 09:02:44

A geomagnetic storm triggered by a large burst of radiation from the sun has disabled least 40 of the 49 satellites newly launched by SpaceX as part of its Starlink internet communications network, th...

Banks to deduct tax on service value of non-resident nationals

Banks to deduct tax on service value of non-resident nationals

-- 2022-02-09 20:32:37

Bangladesh Bank has directed the banks, which are engaged in foreign exchange transactions, to deduct tax at a fixed rate on the service value of a non-resident person or organisation. The Foreign Ex...

Should you consider older flagship phones over newer mid-range phones?

Should you consider older flagship phones over newer mid-range phones?

FARDEEN KABIR 2022-02-09 18:19:06

Flagship phones are expensive and are considered luxury products rather than a device that a person just purchases for everyday use. The phone manufacturers try to include all sorts of over-the-top a...

Bangladesh Computer Samity hands over free wi-fi Zone to Cox’s Bazar Development Authority

Bangladesh Computer Samity hands over free wi-fi Zone to Cox’s Bazar Development Authority

FE ONLINE DESK 2022-02-09 15:29:49

Bangladesh Computer Samity has handed over the free wi-fi zone – which it set up at 35 locations with 74 free wi-fi access points under Digital Sylhet City Project – to Cox’s Bazar D...

Robi needs a District Sales Manager in Chattogram

Robi needs a District Sales Manager in Chattogram

FE Online 2022-02-09 12:01:14

Robi Axiata Ltd is currently the second-largest mobile operator in Bangladesh. Vacancy: 1 Vacancy Type: District Sales Manager Eastern Cluster Posted on: 8 February 2022 Job Responsibilities: A...

Government statisticians calculate Bangladesh GDP growth at  almost 7.0pc in 2020-21, belying lenders' estimate

Government statisticians calculate Bangladesh GDP growth at almost 7.0pc in 2020-21, belying lenders' estimate

FE REPORT 2022-02-09 08:56:38

Bangladesh's economic growth in the last fiscal marks a quantum leap by 1.51 percentage points to an impressive 6.94 per cent in final official calculations, despite pandemic devastations. In the p...

Crypto-investor buys Beeple's NFT for $69.0m

Crypto-investor buys Beeple's NFT for $69.0m

RASSIQ AZIZ KABIR 2022-02-08 19:11:29

Crypto-investment has become more mainstream across the world in the last few years. Investors are often investing astronomical amounts of money in the buzzing market of cryptocurrency, often earning...

Bangladesh to set up frontier technology-based institute by 2026

Bangladesh to set up frontier technology-based institute by 2026

-- 2022-02-08 18:10:00

The government of Bangladesh has approved a Tk 15.03 billion project to set up the country’s first frontier technology-based specialised institute by 2026. The Executive Committee of the Nation...

Bangladesh's economy grows 6.94pc in FY21

Bangladesh's economy grows 6.94pc in FY21

-- 2022-02-08 16:12:14

Bangladesh's economy grew 6.94 per cent in fiscal 2020-21, exceeding the government’s provisional estimate of 5.43 per cent for the year. Planning Minister MA Mannan gave the information on Tue...

Pacts on cards to boost Canadian investment in Bangladesh

Pacts on cards to boost Canadian investment in Bangladesh

-- 2022-02-08 15:47:51

Dhaka and Ottawa are likely to ink two key pacts to increase Canadian trade and investment in Bangladesh. "The free trade pact and the foreign investment promotion and protection agreement between th...

Nipun lodges appeal against court’s stay on cancellation of actor Zayed’s candidacy

Nipun lodges appeal against court’s stay on cancellation of actor Zayed’s candidacy

-- 2022-02-08 15:45:35

Actress Nipun Akter has appealed against the High Court stay order on the Bangladesh Film Artistes Association’s decision to cancel the candidacy of actor Zayed Khan for the group’s genera...

Japan to provide $9.0m to reinforce WFP, IOM operations in Bangladesh

Japan to provide $9.0m to reinforce WFP, IOM operations in Bangladesh

-- 2022-02-08 15:42:34

Japan will provide US$9.0 million to support the operations of World Food Programme (WFP) and International Organization for Migration (IOM) in Bangladesh, reports UNB. This support contributes appro...

Business confidence declines as Omicron spreads

Business confidence declines as Omicron spreads

FE ONLINE REPORT 2022-02-07 19:18:46

Overall business confidence in January-March this year faces a decline in comparison to the October-December 2021 quarter, reflecting their growing concern about the advent of Omicron, according to th...

2 game changers in regular meat curry

2 game changers in regular meat curry

Sirajum Munira 2022-02-07 12:17:36

There are few Bangladeshis who are not acquainted with the fame of Chui-Jhal Beef from Khulna and Shatkora Beef from Sylhet.  Chui is basically the stem of Piper Chaba or piper chilli which is u...

Bangladeshi company to set up backward linkage industry in IEPZ

Bangladeshi company to set up backward linkage industry in IEPZ

-- 2022-02-06 16:53:47

M/s Adnan Fibre Limited, a Bangladeshi company, is going to establish a backward linkage industry in Ishwardi Export Processing Zone (IEPZ) in Pabna. Bangladesh Export Processing Zones Authority (BE...

The Core i5-12400: Intel takes the crown in the mid-range CPU battle

The Core i5-12400: Intel takes the crown in the mid-range CPU battle

Fardeen Kabir 2022-02-06 12:38:03

The competition in the consumer-level processor market has increased immensely over the past 3 years, and it has forced both AMD and Intel to bring out their best in the CPU battle.  The mid-ran...

Bangladesh won't fall into Chinese debt trap, says Foreign Minister Momen

Bangladesh won't fall into Chinese debt trap, says Foreign Minister Momen

FE REPORT 2022-02-06 09:18:20

Bangladesh will not fall into the so-called Chinese debt trap as the volume of its loan from China is not that big, said Foreign Minister Dr AK Abdul Momen on Saturday. He said it while responding...

iPhone flaw exploited by second Israeli spy firm

iPhone flaw exploited by second Israeli spy firm

-- 2022-02-04 09:51:06

A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by a competing company, according to five people familiar with the m...

Sri Lanka signs $500m credit line for fuel with India

Sri Lanka signs $500m credit line for fuel with India

-- 2022-02-03 10:33:43

Sri Lanka signed a $500 million credit line with India to import fuel on Wednesday, officials said, as the island nation seeks to stave off rolling power cuts amid a foreign exchange crisis that has h...

Padma Bridge fund cut proposed

Padma Bridge fund cut proposed

FHM HUMAYAN KABIR 2022-02-03 08:32:01

The Bridges Division has sought Tk 10 billion lower funds than its allocation in the current development budget for the Padma Bridge project following less utilisation, officials say. It has sought T...

IFAD to increase investment in Bangladesh, finance minister hopes

IFAD to increase investment in Bangladesh, finance minister hopes

-- 2022-02-02 19:39:26

Finance Minister AHM Mustafa Kamal has expressed his hope that the International Fund for Agricultural Development (IFAD) would increase investment in Bangladesh to implement the 8th Five Year Plan, S...

Bangladesh's export earnings grow 41pc in January

Bangladesh's export earnings grow 41pc in January

FE ONLINE REPORT 2022-02-02 17:32:42

The single-month export earnings in January this calendar year recorded over 41 per cent growth to 4.85 billion US dollars year-on-year riding on the readymade garment (RMG) amid the pandemic. Bangla...