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The Financial Express

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Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

FHM HUMAYAN KABIR 2020-12-18 10:24:40

The Roads and Highways Department (RHD) has proposed to purchase a pool of 56 vehicles at Tk 261.8 million for Dhaka-Sylhet-Tamabil road-widening projects. Among the vehicles, insiders said on Monday...

Dhaka gridlock costs Tk 1.53b a day

Dhaka gridlock costs Tk 1.53b a day

KAMRUN NAHAR 2020-12-18 08:17:15

Traffic congestion in Dhaka has long been taking a heavy toll on five areas including working hour loss, additional fuel consumption, pavement damage, accident during peak hour, and environmental impa...

Govt to finalise plan for utilising forex reserves before budget

Govt to finalise plan for utilising forex reserves before budget

-- 2020-12-17 18:40:32

The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Finance Minister AHM Mustafa Kamal revealed the planned ti...

China to share part of lunar samples with other countries

China to share part of lunar samples with other countries

REUTERS 2020-12-17 16:17:12

China plans to share data and samples that the Chang’e 5 probe obtained during its recent mission to the moon, based on international cooperation conventions, said the deputy head of the country...

WhatsApp will stop working on these Android and iOS phones in 2021

WhatsApp will stop working on these Android and iOS phones in 2021

Hindustan Times 2020-12-17 16:05:38

WhatsApp ends support for older devices every year. This includes smartphones running dated versions of Android and iOS. This time too, WhatsApp will reportedly end support for iPhones and Android...

India invites Bangladesh to join BRICS Bank

India invites Bangladesh to join BRICS Bank

-- 2020-12-17 15:26:03

Indian Prime Minister Narendra Modi has invited Bangladesh to join the New Development Bank or BRICS Bank, a multilateral institution which mobilises resources for infrastructure and sustainable devel...

China's moon probe returns to Earth with lunar samples

China's moon probe returns to Earth with lunar samples

-- 2020-12-17 15:24:23

China’s Chang’e-5 moon probe has landed in the northern Chinese region of Inner Mongolia, the official Xinhua news agency reported, completing its return to Earth and bringing back the fir...

Alibaba complicit in recognising facially Uighur minority: Report

Alibaba complicit in recognising facially Uighur minority: Report

Reuters 2020-12-17 15:17:31

Technology giant Alibaba Group Holding Ltd has facial recognition technology which can specifically pick out members of China’s Uighur minority, surveillance industry researcher IPVM said in a r...

Singapore's resident employment posts strong rebound in Q3

Singapore's resident employment posts strong rebound in Q3

-- 2020-12-17 11:46:16

The employment of Singapore's residents, referring to Singapore citizens and permanent residents, rebounded strongly in the third quarter (Q3) of 2020, according to the Labour Market Report released b...

Google sued by 10 US states for ad monopoly

Google sued by 10 US states for ad monopoly

-- 2020-12-17 11:34:48

Texas and nine other states sued Google on Wednesday, accusing it of working with Facebook Inc in an unlawful manner that violated antitrust law to boost its already-dominant online advertising busine...

Aramco may have to borrow more to maintain Saudi dividend

Aramco may have to borrow more to maintain Saudi dividend

Reuters 2020-12-17 10:59:05

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market...

Suspected Russian hackers breach private equity's software investments

Suspected Russian hackers breach private equity's software investments

Reuters 2020-12-16 14:30:00

Some of the world’s biggest private equity firms, including Blackstone Group Inc, Silver Lake Partners LP and Thoma Bravo LP, own major stakes in the software firms whose shares dived on news th...

Guzman's shifting role: From scoring goals to saving Argentina's economy

Guzman's shifting role: From scoring goals to saving Argentina's economy

-- 2020-12-16 14:06:13

When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department’s intramural soccer team and reached...

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

-- 2020-12-16 12:53:51

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh. The assistance...

Tech coalition launched to promote key internet law

Tech coalition launched to promote key internet law

-- 2020-12-16 09:31:08

Several technology companies including Snap Inc, Pinterest, Dropbox and eBay announced a coalition on Tuesday that would advocate the benefits of Section 230, a decades-old law protecting internet fir...

Pandemic exodus from New York costs about $34b: Study

Pandemic exodus from New York costs about $34b: Study

Reuters 2020-12-16 09:25:24

Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Tuesday. A...

Greenfield FDI inflow into Bangladesh falls drastically

Greenfield FDI inflow into Bangladesh falls drastically

Monira Munni 2020-12-16 08:54:12

Greenfield foreign direct investment (FDI) in Bangladesh declined by 84 per cent during the first half of 2020 over that of the corresponding period of 2019, primarily due to the Covid-19, according...

Fulfilling the promises of liberation war: Pitfalls and progress

Fulfilling the promises of liberation war: Pitfalls and progress

M M Akash   2020-12-15 20:25:39

As Bangladesh celebrates the fiftieth victory day this year, it is of paramount importance to look back and evaluate how far we have come in fulfilling the promises of our liberation war and indentify...

Thrust on successful implementation of PPP projects  with Japan

Thrust on successful implementation of PPP projects with Japan

FE Online Desk 2020-12-15 20:18:25

A top official of Public-Private Partnership Authority on Monday emphasized on the importance of moving forward with the five PPP projects with Japan on a G2G modality. The projects are construction...

Jordan to hire over 12,000 RMG workers from Bangladesh

Jordan to hire over 12,000 RMG workers from Bangladesh

-- 2020-12-15 19:25:07

Jordan’s readymade garments (RMG) sector will recruit over 12,000 skilled workers from Bangladesh in one year. “This recruitment will be processed only through Bangladesh Overseas Employm...

Forex reserve crosses $42b for first time

Forex reserve crosses $42b for first time

FE ONLINE REPORT 2020-12-15 19:18:57

The country’s foreign exchange (forex) reserve crossed $42 billion mark for the first time ever on Tuesday following lower import payment obligations and higher growth of inward remittance, offi...

81 million jobs lost in Asia, Pacific labour markets due to Covid

81 million jobs lost in Asia, Pacific labour markets due to Covid

FE Online Report 2020-12-15 15:52:32

The economic backlash of the coronavirus (Covid-19) pandemic wiped out some 81 million jobs in Asia and the Pacific in 2020, said a report released by the International Labour Organization (ILO). In...

AIT on common wheat import waived

AIT on common wheat import waived

FE REPORT 2020-12-15 10:04:27

The National Board of Revenue (NBR) has waived advance income tax (AIT) on import of common wheat. The NBR's Income Tax Wing published a gazette notification on December 9, waiving the tax on common...

Google's YouTube, Gmail recover after global outage

Google's YouTube, Gmail recover after global outage

Reuters 2020-12-14 19:59:12

Google services, including YouTube, Gmail and Google Drive, were restored for most users on Monday, following a global outage that affected thousands. Google's website that logs outages said the serv...

All Google services including Gmail, YouTube down across the globe

All Google services including Gmail, YouTube down across the globe

-- 2020-12-14 18:37:03

Google services, including Gmail, YouTube, and Google search, were down for millions of users across the world. Downdetector confirmed the outage saying that the issues started at around 11:56 GMT,...

38 NRBs to get CIP status

38 NRBs to get CIP status

FE ONLINE REPORT 2020-12-14 16:58:47

The government has selected 38 non-resident Bangladeshis (NRBs) to award commercially important person (CIP) status for their significant role in the country’s economy. The Ministry of Expatria...

China's spacecraft begins journey from moon to return to Earth

China's spacecraft begins journey from moon to return to Earth

-- 2020-12-14 11:28:38

A Chinese spacecraft carrying rocks and soil from the moon has begun its journey back to Earth, the official Xinhua news agency reported on Sunday, putting China on course to become the first country...

Stimulus, remittances cause liquidity glut on the banks

Stimulus, remittances cause liquidity glut on the banks

Siddique Islam 2020-12-14 08:58:37

The advance-deposit ratio (ADR) of the country's banking sector dropped in September 2020 as stimulus money and remittances swelled deposits as against slower credit growth, bankers say. The ADR - a...

Chinese capsule with moon rocks begins journey back to Earth

Chinese capsule with moon rocks begins journey back to Earth

AP 2020-12-13 16:06:19

A Chinese space capsule, bringing back the first moon rocks in more than four decades, started its three-day return to Earth on Sunday. The Chang’e 5 lunar probe, which had been orbiting the mo...

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

FE REPORT 2020-12-13 10:38:08

Catastrophic health expenditure due to rise in non-communicable diseases (NCDs) has been pushing over five million people to below poverty line every year, creating impediment to achieving health-rela...