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Search results for: EC

Facebook plans to change its name: Report

Facebook plans to change its name: Report

-- 2021-10-20 11:51:53

Social media giant Facebook is planning to rebrand itself with a new name next week, the Verge reported on Tuesday, citing a source with direct knowledge of the matter. Facebook Chief Executive Offic...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

Kamal seeks soft IFC loans for private sector

Kamal seeks soft IFC loans for private sector

FE REPORT 2021-10-19 10:17:01

Finance Minister AHM Mustafa Kamal has requested the International Finance Corporation (IFC) to provide private sector with loans on simple conditions. He put forward the proposal at a virtual meetin...

World Bank, ERD sign $300m loan deal

World Bank, ERD sign $300m loan deal

FE REPORT 2021-10-19 08:56:50

The World Bank (WB) would provide US$ 300 million in loans for upskilling technical knowledge of some 0.1 million youths and women in Bangladesh. With the financial support, four government agencies...

Health Division: most important healer but worst dev performer

Health Division: most important healer but worst dev performer

FHM HUMAYAN KABIR 2021-10-19 08:29:07

Once again has the health division positioned itself lowest in development spending as it could spend during the first quarter of the current fiscal year only 2.33 per cent from its total ADP allocati...

Apple likely to unveil Mac laptop computers with more powerful chips

Apple likely to unveil Mac laptop computers with more powerful chips

-- 2021-10-18 20:14:03

Analysts expect Apple Inc to unveil new Mac laptop computers with more powerful processor chips at an event that will be streamed later Monday. According to global media reports, Apple plans to relea...

Korean investors to widen operations in Bangladesh

Korean investors to widen operations in Bangladesh

FE ONLINE REPORT 2021-10-18 19:54:57

In a bid to further promote bilateral trade with Bangladesh, Korean entrepreneurs, who have already a strong presence in the RMG sector, are planning to invest in other sectors like ICT and health. T...

BB allows receiving remittances through OPGSPs

BB allows receiving remittances through OPGSPs

-- 2021-10-18 18:36:49

Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a...

EU re-thinks budget rules for post-pandemic era

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...

China's GDP growth hits one-year low

China's GDP growth hits one-year low

-- 2021-10-18 11:47:16

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policy...

Facebook planning to hire 10,000 in EU over next five years to build 'metaverse'

Facebook planning to hire 10,000 in EU over next five years to build 'metaverse'

-- 2021-10-18 10:21:32

Facebook Inc plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - a nascent online world where peopl...

Stimulus loan disbursement for CMSMEs may miss Dec deadline

Stimulus loan disbursement for CMSMEs may miss Dec deadline

-- 2021-10-17 18:01:15

Bangladesh’s cottage, micro, small and medium enterprises (CMSMEs) cannot avail of the stimulus loan as fast as they had expected due to its slow disbursement process. Bangladesh Bank has set a...

FIFA to expand gaming and e-sports portfolio

FIFA to expand gaming and e-sports portfolio

-- 2021-10-17 17:48:10

World soccer's governing body FIFA said on Friday that it will widen its gaming and e-sports portfolio to ensure that controlling rights don't lie in the hands of one party. This comes after a report...

NASA launches first space probe to study Jupiter's Trojan asteroids

NASA launches first space probe to study Jupiter's Trojan asteroids

-- 2021-10-16 17:17:43

NASA launched the first-of-its-kind mission on Saturday to study Jupiter's Trojan asteroids, two large clusters of space rocks that scientists believe are remnants of the primordial material that form...

China launches second crewed mission to build new space station

China launches second crewed mission to build new space station

-- 2021-10-16 14:15:17

China on Saturday launched a rocket carrying three astronauts - two men and one woman - to the core module of a future space station where they will live and work for six months, the longest orbit for...

Bangladesh's per capita foreign debt buildup hits $460

Bangladesh's per capita foreign debt buildup hits $460

JASIM UDDIN HAROON 2021-10-16 07:34:45

Bangladesh's per-capita foreign debt ballooned to USD460 or Tk 39,000 in the fiscal year 2021, up by over $67 from the figure a year before, according to central bank statistics. Such a buck in exter...

Govt aims to boost national revenue for rapid economic growth

Govt aims to boost national revenue for rapid economic growth

-- 2021-10-15 17:12:23

The government is aiming to take up the economy's revenue-GDP ratio to 11.5 per cent by 2023-24 fiscal through modernisation of revenue administration, broadening the tax base, higher tax compliance,...

Bangladesh seeks stronger trade, investment ties with Serbia 

Bangladesh seeks stronger trade, investment ties with Serbia 

-- 2021-10-15 16:35:20

Foreign Minister Dr AK Abdul Momen has sought Bangladesh's stronger trade and investment ties with Serbia and close cooperation in addressing global issues. On the sidelines of the 60th Commemorative...

Calls grow for removal of PPP project funding hurdles

Calls grow for removal of PPP project funding hurdles

FE REPORT 2021-10-15 08:50:12

Prime minister's Principal Secretary Dr Ahmad Kaikaus has called for removing technical difficulties in financing the public-private partnership (PPP) projects by banks and financial institutions (FIs...

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

FE REPORT 2021-10-15 08:20:28

Deeper deregulations and structural reforms can bring desired foreign direct investment in Bangladesh from Japan and elsewhere, says the Japanese envoy in Dhaka, naming two major triggers for FDI in...

Global economy feels pinch of cost surge

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

-- 2021-10-14 16:52:16

Bangladesh's per capita gross domestic product (GDP) will be US$2,138.794 in 2021 which is higher than neighbouring India, according to the International Monetary Fund (IMF). The per capita GDP of In...

Energy crisis could lead to slowdown in global economic recovery, says IEA

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

Star Trek's Shatner becomes world's oldest space traveller

Star Trek's Shatner becomes world's oldest space traveller

-- 2021-10-14 10:19:24

Having made a career out of playing an explorer of the cosmos, William Shatner - Captain James Kirk of "Star Trek" fame - did it for real on Wednesday, becoming at age 90 the oldest person in space ab...

Journalists, activists to be regarded as public figures on Facebook

Journalists, activists to be regarded as public figures on Facebook

FE ONLINE DESK 2021-10-14 09:22:47

Facebook Inc (FB.O) will now count activists and journalists as "involuntary" public figures and so increase protections against harassment and bullying targeted at these groups, its global safety chi...

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

FE REPORT 2021-10-14 09:13:27

Speakers at a workshop on Wednesday emphasised enacting separate laws and regulations for Sukuk or Shariah-based bonds as the instruments are different in features from the traditional fixed-income on...

US becomes largest bitcoin mining centre overtaking China

US becomes largest bitcoin mining centre overtaking China

-- 2021-10-13 19:42:22

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed. The fig...

SAU teacher develops fish vaccine, first of its kind in Bangladesh

SAU teacher develops fish vaccine, first of its kind in Bangladesh

-- 2021-10-13 18:18:01

An assistant professor of Sylhet Agriculture University (SAU) has developed an oral vaccine for fish, the first of its kind in Bangladesh, which can protect different species of fish from bacterial di...

'Great financing divide' between rich, poor nations slows recovery: IMF

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...