Search results for: EC

Remittances surge to $16.69b in July-February period

FE REPORT 2021-03-02 09:38:42

The country's inward remittance stood at an estimated 16.69-billion dollars in the first eight months of the current fiscal year (FY), 2020-2021. The amount was 33.51 per cent higher than that of the...

Bangladeshi banks’ capital base improves marginally

SIDDIQUE ISLAM 2021-03-02 08:18:16

The capital base of the country's banks improved marginally in 2020 mainly due to the 'decline' in the volume of their non-performing loans (NPLs), officials said. The capital-to-risk weighted-asset...

China's factory activity expands at a slower pace in February

-- 2021-03-01 10:10:27

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disrupti...

Biggies exhaust Bangladesh Bank's aid packages

FE REPORT 2021-03-01 08:11:34

All but one stimulus packages under the central bank's initiative are yet to be implemented fully although the deadline of the same will expire on March 31, according to a Bangladesh Bank (BB) report...

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

FE ONLINE REPORT 2021-02-28 20:57:36

Eminent economist Dr Debapriya Bhattacharya on Sunday said Bangladesh would lose a wide variety of preferences and privileges after graduation from least developed country (LDC) status. He said these...

Household surveys indicate dwindling living standards in developing countries due to Covid-19

Chowdhury Nabila Tasnim 2021-02-28 20:55:35

The onset of the Covid-19 pandemic has reduced the level of economic activity across the world, forcing countries and individuals to change their consumption patterns and the ways they work. Social di...

eGeneration implements ‘Dhowni’ for ICT Division

-- 2021-02-28 18:36:44

eGeneration has successfully implemented “Dhowni” for ICT Division on Saturday. Dhowni enables the conversion of Bangla to International Phonetic Alphabet (IPA) using cutting-edge technol...

Bangladesh Academy of Sciences elects Muhammad Morshed as expatriate fellow

FE ONLINE DESK 2021-02-28 16:20:49

Bangladesh Academy of Sciences has elected Muhammad Morshed, a Bangladeshi native Canadian clinical microbiologist, as an expatriate fellow in December last year. The academy elected him in recogniti...

Risks lurk for Bangladesh in post-LDC era

FHM HUMAYAN KABIR 2021-02-28 09:53:43

Bangladesh's economy could be affected substantially after graduating to a developing nation in 2026 as it is not ready, mainly on trade front, to weather the impacts. Higher domestic tariff protecti...

UN recommends Bangladesh's graduation from LDC category

FE ONLINE DESK 2021-02-27 12:10:29

The United Nations Committee for Development Policy (CDP) has recommended Bangladesh's graduation from the LDC (least developed country) category. The recommendation came at the CDP's triennial revie...

Huawei not banned as Brazil approves 5G spectrum auction rules

REUTERS 2021-02-27 10:29:10

Brazil’s telecoms regulator Anatel has approved rules for a spectrum auction for fifth-generation networks this year without any curbs on China’s Huawei Technologies Co as an equipment sup...

The child, who once beat bone cancer, is now headed into space

Reuters 2021-02-27 10:21:18

Bone cancer survivor Hayley Arceneaux is thrilled to be going into space. As a crew member on SpaceX’s Inspiration4, the world’s first all-commercial astronaut mission to Earth’s or...

Microcredit regulator forms committee to cut microloan interest rates

ISMAIL HOSSAIN 2021-02-27 08:39:29

A move is underway to slash the existing 24 per cent interest rate or service charge, as imposed by the micro-finance institutions (MFIs), to give poor borrowers some relief. The Microcredit Regula...

Bangladesh to receive final recommendation on graduation from LDC

-- 2021-02-26 16:35:22

Bangladesh is set to receive the final recommendation on its graduation from the least developed country status, as the nation marks the golden jubilee of its independence. Prime Minister Sheikh Hasi...

Toyota develops fuel cell system module to cut carbon footprint

Reuters 2021-02-26 13:13:52

Toyota Motor Corp said on Friday it has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry’s shift...

Revenue earning falls short of target by Tk 368b in July-Jan

DOULOT AKTER MALA 2021-02-26 10:55:53

The revenue collection fell by Tk 368.41 billion short of the target in the first seven months of the current fiscal year (FY) as businesses are yet to overcome the Covid-19 fallout. However, the Nat...

Bangladesh economy starts recovering, but hurdles remain: MCCI

FE REPORT 2021-02-26 10:54:08

Bangladesh's economy has started recovering from the Covid-19 shocks, although some major challenges are there in some areas for maintaining its growth momentum, the Metropolitan Chamber of Commerce a...

Planning Commission proposes slashing down development budget by Tk 75b

FHM HUMAYAN KABIR 2021-02-26 10:43:19

The Planning Commission (PC) on Thursday finalised the draft of Revised Annual Development Programme (RADP) for the current fiscal year (FY), reducing the allocations by Tk 75 billion to Tk 1.97 trill...

China central bank adviser predicts 8-9pc GDP growth in 2021

-- 2021-02-26 10:33:32

China’s gross domestic product (GDP) could expand 8-9 per cent in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, sa...

Covid-19 impact: NBR devises ways to boost revenue collection

-- 2021-02-25 17:10:03

The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic. The decision to adopt the methods was taken a...

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Reuters 2021-02-25 13:02:12

Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern Asir region, the state news agency SPA...

Facebook to invest $1.0b in news industry

Reuters 2021-02-25 10:41:59

Facebook on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over paying news outlets...

Authorised dealers can give loan in Taka to Type-C units of EPZs

FE REPORT 2021-02-25 08:34:36

The Authorised Dealers (ADs) have been allowed to extend loan facilities to the Type-C industries of the Export Processing Zones (EPZs) in Taka, as admissible to such industries outside the EPZs. S...

AI, machine learning emphasised in a post-pandemic world

-- 2021-02-24 10:18:44

Thomson Reuters Corp will streamline technology, close offices and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sal...

Bridging gap between planners and beneficiaries emphasised

FE REPORT 2021-02-24 09:00:32

Planning Minister M A Mannan said there should be a bridge between the country's development plan makers and the root-level beneficiaries to reap optimum benefits of development. "We usually formul...

Glitch stops investors from buying govt savings tools

Doulot Akter Mala 2021-02-24 08:46:45

Aspirant investors are facing difficulties to buy the government's savings tools due to technical glitch in the system concerned. A number of investors have complained that they could not buy the t...

Youth livelihoods severely affected by Covid-19

FE REPORT 2021-02-24 08:21:22

The Covid-19 pandemic has wreaked havoc on the livelihoods of the country's young populations with nearly 70 per cent of them witnessing a fall in income, a study revealed on Tuesday. The loss of e...

Spotify to launch in Bangladesh, 84 other countries

Gadgets 360 2021-02-23 18:19:31

Spotify is expanding to 85 new markets including Bangladesh in the “next few days”, co-founder and CEO Daniel Ek announced at its online-only Stream On event on Monday. Besides Banglades...

EU to call on G20 not to withdraw Covid-19 stimulus too early

-- 2021-02-23 11:16:59

The European Union will call on financial leaders of the world’s 20 biggest economies this week to keep pumping money into the global economy as long as is needed for it to recover from the Covi...

Spotify to reach more than a billion listeners

-- 2021-02-23 10:50:19

Spotify said on Monday it would nearly double its market presence by launching in 85 new markets in the next few days, making the music streaming service available to more than a billion people around...