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Search results for: EC

Can holograms, avatars replace Zoom calls?

Can holograms, avatars replace Zoom calls?

-- 2021-08-30 12:11:37

Video meetings are now a permanent part of our work lives. Are there new solutions that can take out some of the agony? Few things strike fear in the hearts of millions of workers quite like th...

Clubhouse launches surround-sound feature to help chats feel life-like

Clubhouse launches surround-sound feature to help chats feel life-like

-- 2021-08-30 10:00:19

Clubhouse, an audio-only chat app, said on Sunday it will launch a spatial audio feature to make voices sound as if they're coming from different directions, helping conversations and virtual performa...

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

SIDDIQUE ISLAM 2021-08-30 08:32:58

Bangladesh is set to send US$100 million more to Sri Lanka today (Monday) to help the island nation in minimising foreign-exchange crunch on their economy, officials said. The fund from Bangladesh...

India attracts $22.5b in FDI in April-June 2021

India attracts $22.5b in FDI in April-June 2021

-- 2021-08-29 10:26:19

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, about 90 per cent higher than the April-June period last...

Stakeholders call for developing local market, production capacity

Stakeholders call for developing local market, production capacity

FE DESK REPORT 2021-08-29 09:25:06

Speakers at a virtual dialogue on Saturday stressed the need for developing local market and manufacturing capacity to face emerging challenges and remain competitive in the post-LDC era. They also s...

Bangladesh's business recovery hurt by 2nd wave lockdown

Bangladesh's business recovery hurt by 2nd wave lockdown

FE REPORT 2021-08-29 09:04:22

The lockdown enforced to control the second wave of coronavirus transmission has slowed down the business-recovery process in Bangladesh as 64 per cent of the firms registered poor rebound from the pa...

Safety net payout thru’ MFS eases life, improves efficiency

Safety net payout thru’ MFS eases life, improves efficiency

FE REPORT 2021-08-29 08:57:45

Digitisation of the government aid and safety net allowance disbursement is directly helping in attaining social and financial inclusion of the marginalised people across the country. This digitisa...

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

FE ONLINE REPORT 2021-08-28 19:40:25

In the potential hotspot of great power rivalry and amid threats of civil war in the neighbourhood, Bangladesh needs to formulate a package of policies for pursuing economic interests utilising its se...

Govt mulls a watchdog for defaulting loans

Govt mulls a watchdog for defaulting loans

-- 2021-08-28 18:59:25

The government is mulling the formation of a watchdog that would deal with the systematic problems of non-performing loans that have troubled some banks and financial institutions over the years, acco...

Microsoft fixes its cloud platform vulnerability

Microsoft fixes its cloud platform vulnerability

-- 2021-08-28 17:56:16

Microsoft says it has fixed a flaw in its cloud computing platform that cybersecurity researchers warned could have enabled hackers to take over a cloud-based database product used by many big compani...

MCCI foresees higher export receipts, remittance inflow

MCCI foresees higher export receipts, remittance inflow

FE REPORT 2021-08-28 10:50:13

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal. According t...

'Policy shift under way to ease global trade'

'Policy shift under way to ease global trade'

FE REPORT 2021-08-28 10:08:45

In the wake of the Covid-19 pandemic, policy changes are taking place across the world in recent times to facilitate international trade. Keeping this in mind, stakeholders, especially bankers, shoul...

Lacklustre economic indicators weaken fiscal framework

Lacklustre economic indicators weaken fiscal framework

FE REPORT 2021-08-28 10:02:47

Bangladesh's premier trade chamber, MCCI, finds some less-promising economic indicators-revenue mobilisaiton and public expenditure in particular-are weakening the country's fiscal framework. The Met...

Central bank further relaxes loan repayment policy

Central bank further relaxes loan repayment policy

Siddique Islam 2021-08-28 09:42:10

The central bank has further extended the policy relaxation regarding loan repayment to the scheduled banks by their borrowers to help recover the country's pandemic-hit economy, officials said. Unde...

Bangladesh's tax receipts from large units plummet in July

Bangladesh's tax receipts from large units plummet in July

DOULOT AKTER MALA 2021-08-28 09:41:04

Tax collection from Bangladesh's large manufacturing industries plummeted, registering a negative growth in VAT receipts in July, as a countrywide 'strict lockdown' for 18 days for checking corona tra...

Reintegration of migrant workers: Importance, commitments and planning

Reintegration of migrant workers: Importance, commitments and planning

Rahnuma Salam Khan 2021-08-27 20:22:46

International remittance has been playing a crucial role in the socio-economic development of Bangladesh for decades. It has also provided an effective cushioning for Bangladesh economy during several...

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

-- 2021-08-27 14:46:33

The Asian Development Bank has approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka–Sylhet trade corridor in Bangl...

Apple strikes App Store deal with small developers

Apple strikes App Store deal with small developers

-- 2021-08-27 11:33:24

Apple on Thursday agreed to loosen App Store restrictions on small developers, striking a deal in a class-action lawsuit as the iPhone maker awaits a ruling by the same judge in a separate App Store d...

Microsoft warns cloud customers of exposed databases

Microsoft warns cloud customers of exposed databases

-- 2021-08-27 10:59:46

Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world's largest companies, that intruders could have the ability to read, change or even delete their mai...

Action plan agreed upon to speed up execution of ADB-funded projects

Action plan agreed upon to speed up execution of ADB-funded projects

FE REPORT 2021-08-27 08:55:37

The government and the Asian Development Bank (ADB), in a tripartite portfolio review meeting (TPRM) on Thursday, agreed on an action plan to further accelerate the implementation of the ADB-assiste...

Association, tax intel punish errant e-commerce companies

Association, tax intel punish errant e-commerce companies

DOULOT AKTER MALA 2021-08-27 08:43:49

A series of anomalies has finally prompted the e-commerce apex trade body to penalize their errant members, as some buyers complained being cheated and tax intelligence found VAT evasion by a few....

IMF dollop of SDR to ease Bangladesh funding unease

IMF dollop of SDR to ease Bangladesh funding unease

FE REPORT 2021-08-27 08:25:02

The allocation of Special Drawing Right (SDR), an official currency of the International Monetary Fund, will ease many challenging funding conditions for Bangladesh, some economists say about a $650...

Curbing tobacco market through reshaping regulatory policies

Curbing tobacco market through reshaping regulatory policies

Rumana Huque 2021-08-26 21:17:50

Bangladesh is currently the eighth-largest tobacco market in the world. Cigarette production is increasing at a rate of 2 per cent per annum. Bangladesh is one of the largest tobacco consumers in the...

Why do we use smart devices – necessity, trending, compulsion?

Why do we use smart devices – necessity, trending, compulsion?

Sofia Noor Rafa 2021-08-26 19:49:20

Once wireless phone was a dream. Our dreams do come true. Quite visibly, we are dependent on smart devices much more than we can think of. It is tough to imagine a house with zero internet connection...

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

-- 2021-08-26 14:45:59

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0...

Singapore factory output growth eases to 16.3pc in July

Singapore factory output growth eases to 16.3pc in July

-- 2021-08-26 13:52:29

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said. Exclud...

'Sexually explicit' content won't be banned on OnlyFans

'Sexually explicit' content won't be banned on OnlyFans

-- 2021-08-26 10:49:16

OnlyFans, an online subscription platform known for adult content, on Wednesday scrapped its planned policy that would have prohibited users from posting any material containing "sexually explicit con...

Adoption of new tech crucial for food safety

Adoption of new tech crucial for food safety

FE REPORT 2021-08-26 08:56:05

Modernisation of supply chain and adoption of new technologies, including digital commerce and farm mechanisation, are vital for ensuring food safety and smooth distribution during different adverse s...

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

FE REPORT 2021-08-26 08:45:52

The central bank has asked scheduled banks to submit statements of value-added tax (VAT) deducted from services rendered by non-resident taxpayers such as Google, Facebook, Amazon, and Microsoft. T...

Bangladesh Bank starts money market probe to guard against asset bubble

Bangladesh Bank starts money market probe to guard against asset bubble

SIDDIQUE ISLAM 2021-08-26 08:34:41

The central bank starts investigation into entire money-market transactions along with exposures on the capital market to gauge liquidity movements in the banking system, following some already-dete...