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The Financial Express

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Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

FHM HUMAYAN KABIR 2020-12-13 10:20:18

Economists on Saturday urged the government to make 'complementary' investments and prepare a regional integration plan to tap the benefit from the Padma bridge. They have called for upgrading the Mo...

Start-ups face fund crisis to sustain amid pandemic, experts say

Start-ups face fund crisis to sustain amid pandemic, experts say

-- 2020-12-12 21:38:55

Speakers at a national dialogue said funds crisis are the main challenge amid Corona in creating start-ups. Though many young entrepreneurs are entering the competitive market with new ideas, ultima...

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

-- 2020-12-12 20:12:04

Bangladesh's garment exporters will lose $4 billion if the European Union (EU) ends the duty-free trade benefit for the country following its graduation to a developing nation, according to a study by...

Bangladesh bets on preferential trade terms to boost export earnings

Bangladesh bets on preferential trade terms to boost export earnings

-- 2020-12-12 17:56:04

As Bangladesh looks forward to graduating out of the least developed country (LDC) status in 2024, it's increasingly emphasising on bilateral preferential trade agreement (PTA) and free trade agreemen...

Padma Bridge to initiate industrial revolution in 21 districts, experts say

Padma Bridge to initiate industrial revolution in 21 districts, experts say

-- 2020-12-12 17:50:31

Bangladesh’s economy will get a huge boost with the expected ‘industrial revolution’ in 21 southwestern districts after the inauguration of the long-cherished Padma Multi-Purpose Bri...

Thailand to boost exports via online trade promotion

Thailand to boost exports via online trade promotion

-- 2020-12-12 12:46:56

Thailand's Ministry of Commerce has unveiled a strategy outline to boost export in 2021 by focusing on online trade promotion activities. "We will arrange an online business match-making every week o...

Dhaka likely to receive $1.0b WB, ADB funds for purchasing corona vaccine

Dhaka likely to receive $1.0b WB, ADB funds for purchasing corona vaccine

FHM HUMAYAN KABIR 2020-12-12 10:34:00

Two major lenders are expected to provide US$1.0 billion in loans to help Bangladesh procure Covid-19 vaccines, officials said on Friday. Both the World Bank (WB) and the Asian Development Bank (AD...

Bangladesh's imports may be costlier due to freight charges

Bangladesh's imports may be costlier due to freight charges

JASIM UDDIN HAROON 2020-12-12 08:53:15

The global shipping crisis has fuelled freight charges, thus making the country's imported items costlier, businesses said on Friday. Shipping schedules around the world were disrupted by the pandemi...

Bangladesh will be key leader of Fourth industrial revolution, Joy hopes

Bangladesh will be key leader of Fourth industrial revolution, Joy hopes

-- 2020-12-11 16:34:53

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy has expressed his optimism that Bangladesh will be the key leader of the Fourth Industrial Revolution. “We believe Bangladesh is goin...

ADB launches $9b Covid-19 vaccine facility for developing Asia

ADB launches $9b Covid-19 vaccine facility for developing Asia

Reuters 2020-12-11 15:59:22

The ability of developing countries in Asia to fight the coronavirus pandemic got a much-needed boost after the Asian Development Bank said on Friday it has launched a $9 billion facility to help na...

First-ever National Cyber Drill on Saturday

First-ever National Cyber Drill on Saturday

SAJIBUR RAHMAN 2020-12-11 15:22:01

A total of 234 registered teams are set to take part in the country’s first-ever National Cyber Drill (NCD 2020) on Saturday. The teams have already registered from the different financial and...

BB imposes additional 1.0pc general provision against unclassified loans

BB imposes additional 1.0pc general provision against unclassified loans

SIDDIQUE ISLAM 2020-12-11 11:08:43

The central bank has imposed an additional 1.0 per cent general provision against all unclassified loans aiming to improve financial health along with the shock-absorbing capacity of banks, officials...

Dhaka needs to join RCEP or enter a deal, suggest stakeholders

Dhaka needs to join RCEP or enter a deal, suggest stakeholders

FE REPORT 2020-12-11 10:48:33

Experts and analysts during a webinar on Thursday said Bangladesh may face challenges in attracting foreign direct investment (FDI) for formation of China-led Regional Comprehensive Economic Partnersh...

Pandemic era poor be covered by safety schemes, analysts ask govt

Pandemic era poor be covered by safety schemes, analysts ask govt

FE REPORT 2020-12-11 10:36:10

The government needs to enhance the coverage of social protection by adding new poor to the new plans for tackling the second wave of coronavirus, experts said on Thursday. For proper execution of th...

Banks face post-pandemic four more years of lower profits: Report

Banks face post-pandemic four more years of lower profits: Report

Reuters 2020-12-11 10:23:19

Most banks around the world could face four more years of depressed profits in the aftermath of the Covid-19 pandemic, consulting firm McKinsey & Co said in a report. By 2024 the pandemic will re...

Bangladeshi banks see no competitive atmosphere, says ex-governor

Bangladeshi banks see no competitive atmosphere, says ex-governor

FE REPORT 2020-12-11 10:23:17

Former governor of Bangladesh Bank Dr Mohammed Farashuddin on Thursday said the country's private commercial banks are dictating banking policies. He also held responsible the domination of private b...

Tk 276b shortfall in NBR's tax earning in five months

Tk 276b shortfall in NBR's tax earning in five months

DOULOT AKTER MALA 2020-12-11 09:32:28

The revenue authority faced a Tk 275.56 billion shortfall in tax collection until November of the current fiscal year against its target due to sluggish economic activities amid the Covid-19 pandemic....

Policymakers urged to shun 'growth obsession’, address inequality instead

Policymakers urged to shun 'growth obsession’, address inequality instead

FE REPORT 2020-12-11 08:55:47

Speakers at a discussion on Thursday urged the government to redefine the development strategy from the economic growth-centric paradigm to reducing inequality and disparity. They have suggested maki...

‘Reference point’ for Dutch-Bangladesh investment collaboration launched   

‘Reference point’ for Dutch-Bangladesh investment collaboration launched  

FE ONLINE REPORT   2020-12-10 23:15:35

A new study has identified a number of key areas for entrepreneurial engagements between Bangladesh and the Netherlands, to scale up bilateral development cooperation. The Bangladesh Embassy in the N...

Facebook says some users facing issues with Messenger, Instagram

Facebook says some users facing issues with Messenger, Instagram

Reuters 2020-12-10 18:41:31

Facebook Inc said on Thursday some users were facing issues while sending messages on Messenger, Instagram and its office collaboration service Workplace. “We’re working to get things bac...

French watchdog fines Google, Amazon millions for breaching cookies rules

French watchdog fines Google, Amazon millions for breaching cookies rules

-- 2020-12-10 15:47:52

France’s data privacy watchdog has handed out its biggest ever fine of 100 million euros ($121 million) to Alphabet’s Google for breaching the country’s rules on online advertising t...

Rights groups call on high-income countries to back TRIPS waiver proposal

Rights groups call on high-income countries to back TRIPS waiver proposal

FE Online Report 2020-12-10 14:15:58

Two prominent global rights groups on Thursday called on the European Union and high-income countries including USA, Canada, Japan, and UK to urgently support the TRIPS corona waiver proposal and ensu...

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

-- 2020-12-10 13:01:37

Economic activity in developing Asia is forecast to contract by 0.4 per cent this year before picking up to 6.8 per cent in 2021 as the region moves toward recovery from the effects of the coronavirus...

Hackers access Covid-19 vaccine data: BioNTech

Hackers access Covid-19 vaccine data: BioNTech

-- 2020-12-10 11:27:29

US drugmaker Pfizer and its German partner BioNTech said on Wednesday that documents related to development of their Covid-19 vaccine had been “unlawfully accessed” in a cyberattack on Eur...

Facebook faces lawsuits,  can be forced to sell Instagram, WhatsApp

Facebook faces lawsuits, can be forced to sell Instagram, WhatsApp

-- 2020-12-10 10:57:15

Facebook could be forced to sell its prized assets WhatsApp and Instagram after the US Federal Trade Commission and nearly every US state filed lawsuits against the social media company, saying it use...

IMF fund debt freeze for poor countries expected to be extended through 2021

IMF fund debt freeze for poor countries expected to be extended through 2021

Reuters 2020-12-10 10:19:04

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she expects an IMF programme that freezes payments on IMF debt from the poorest countries to be extended throu...

Bangladesh's 90pc extreme poor families earn less than 1.0 dollar a day

Bangladesh's 90pc extreme poor families earn less than 1.0 dollar a day

FE REPORT 2020-12-10 08:45:53

As much as 90 per cent extreme-poor families have a paltry monthly income of Tk 2,000 (US$23.80). The World Bank (WB) considers an individual living on or below $1.25 per day as extreme poor. Furthe...

Greenhouse gas emissions hit new record last year, UN reports shows

Greenhouse gas emissions hit new record last year, UN reports shows

Reuters 2020-12-09 19:25:37

Greenhouse gas emissions reached a new high last year, putting the world on track for an average temperature rise of 3.0 degrees Celsius, a UN report showed on Wednesday. The report by the United Nat...

Banks fail to disburse over 50pc of stimulus funds to small businesses

Banks fail to disburse over 50pc of stimulus funds to small businesses

-- 2020-12-09 18:52:38

A full recovery of the economy from the coronavirus crisis is still uncertain as more than half the funds from stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) remain und...

UNCTAD predicts biggest fall in merchandise trade since 2009

UNCTAD predicts biggest fall in merchandise trade since 2009

UNB 2020-12-09 17:50:01

The value of global merchandise trade is predicted to fall by 5.6 per cent in 2020 compared with last year, according to UNCTAD's latest nowcasts. This would be the biggest fall in merchandise trade...