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The Financial Express

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NBR introduces automated challan system

NBR introduces automated challan system

-- 2020-10-08 18:46:15

The National Board of Revenue (NBR) has introduced automated challan system to facilitate deposition of some 196 types of revenues and fees to national exchequer. NBR Chairman Abu Hena Md Rahmatul Mu...

70pc victims of cybercrimes are teenage girls: Palak

70pc victims of cybercrimes are teenage girls: Palak

-- 2020-10-08 17:40:51

State Minister for ICT Junaid Ahmed Palak has said has said about 70 per cent of the victims of cybercrimes in the country are teenage girls. The state minister came up with the information while spe...

World Bank forecasts Bangladesh's GDP growth at 1.6 per cent in fiscal year 2021

World Bank forecasts Bangladesh's GDP growth at 1.6 per cent in fiscal year 2021

FE ONLINE DESK 2020-10-08 13:56:54

Bangladesh's GDP growth is forecast to slow down to 1.6 per cent in the fiscal year 2021 as the country struggles with the devastating impact of the lingering Covid-19 pandemic, the World Bank said in...

Unemployment is world's biggest worry for next 10 years, business leaders say

Unemployment is world's biggest worry for next 10 years, business leaders say

Reuters 2020-10-08 12:59:28

Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by...

Facebook, Twitter take action on Trump's posts downplaying Covid-19

Facebook, Twitter take action on Trump's posts downplaying Covid-19

Reuters 2020-10-07 10:07:58

Facebook and Twitter took action on posts from US President Donald Trump on Tuesday for violating their rules against coronavirus misinformation by suggesting that Covid-19 was just like the flu. Fac...

Bangladesh Bank extends policy support to businesses for six months

Bangladesh Bank extends policy support to businesses for six months

SIDDIQUE ISLAM 2020-10-07 09:26:40

The central bank has extended its policy supports for the businesses by another six months to help offset the adverse impact of the ongoing Covid-19 pandemic, officials said. Under the policy support...

Record high jute prices please farmers, exports soar 40pc

Record high jute prices please farmers, exports soar 40pc

bdnews24.com 2020-10-06 22:57:54

Saiful Islam, a farmer from Kumargacha Village in Pabna’s Chatmohor Upazila, is aroused by the high price of jute amidst the doom and gloom of the coronavirus crisis. Saiful planted jute on sev...

Tasmanian Devils set paw on mainland Australia after 3,000 years

Tasmanian Devils set paw on mainland Australia after 3,000 years

-- 2020-10-06 20:03:36

The world’s largest surviving marsupial carnivore, the Tasmanian Devil, has been returned to the wild on Australia’s mainland for the first time in 3,000 years, reports Reuters. Actor co...

IMF chief says global economy 'less dire' but long climb ahead

IMF chief says global economy 'less dire' but long climb ahead

-- 2020-10-06 19:52:13

The global economy is looking “less dire” than it did in June and the International Monetary Fund will make a “small” upward revision to its 2020 global output forecast, IMF Ma...

Bangladesh shows signs of economic recovery amid pandemic

Bangladesh shows signs of economic recovery amid pandemic

-- 2020-10-06 18:52:16

At a time when the global economy is in turmoil due to the coronavirus epidemic, most of the major indicators in Bangladesh offer cause for optimism over the country's economic prospects. The inflow...

Ecnec clears Tk 1.23b project to create self-employment opportunities   

Ecnec clears Tk 1.23b project to create self-employment opportunities   

-- 2020-10-06 17:04:12

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared a new project involving Tk 1.23 billion to create self-employment opportunities by expanding the activities of Bangl...

PM says timely stimulus packages helped economy gain pace

PM says timely stimulus packages helped economy gain pace

-- 2020-10-06 15:29:09

Prime Minister Sheikh Hasina on Tuesday said the national economy has made a turnaround with its desired pace due to the government’s timely decision to give stimulus packages to various sectors...

IMF extends debt relief for 28 low-income countries

IMF extends debt relief for 28 low-income countries

-- 2020-10-06 13:46:04

The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the Covid-19 pandemic. "Relief on debt ser...

Musk's SpaceX wins Pentagon contract for missile tracking satellites

Musk's SpaceX wins Pentagon contract for missile tracking satellites

Reuters 2020-10-06 12:33:33

Elon Musk’s SpaceX won a $149 million contract to build missile-tracking satellites for the Pentagon, the US Space Development Agency (SDA) said on Monday, in the company’s first governmen...

Mobile banking faces bump in August

Mobile banking faces bump in August

SIDDIQUE ISLAM 2020-10-06 10:12:07

Transactions through mobile financial services (MFS) dropped by more than 34 per cent in August as people resumed normal banking despite the Covid-19 pandemic. The expiry of the tenure of the stimulu...

17 teams from Bangladesh to participate NASA’s global competition

17 teams from Bangladesh to participate NASA’s global competition

-- 2020-10-05 16:55:41

Nine champion teams and eight runners up teams will get opportunity to participate in the global space apps competition to be organised by US space research organisation NASA this year. The names of...

No tax increases in Germany during pandemic, minister says

No tax increases in Germany during pandemic, minister says

Reuters 2020-10-05 15:52:44

Germany should not raise taxes during the pandemic, Economy Minister Peter Altmaier said on Monday, adding that there was a case for lowering taxes in some areas, such as for high-earning skilled work...

Singapore's retail sales fall 5.7pc y/y in August

Singapore's retail sales fall 5.7pc y/y in August

-- 2020-10-05 15:39:15

The Department of Statistics (DOS) of Singapore has announced that Singapore's retail sales decreased by 5.7 per cent year on year in August, an improvement from the 8.5 per cent year-on-year decline...

Q1 exports up by 2.58pc, cross target by 2.45pc

Q1 exports up by 2.58pc, cross target by 2.45pc

FE Report 2020-10-05 09:34:39

The country's merchandise shipments during the first quarter (Q1) of current fiscal year (FY), 2020-21, grew by 2.58 per cent to US$ 9.89 billion over that of the same period of last fiscal. The July...

Taxmen's mindsets key barrier to NBR reform

Taxmen's mindsets key barrier to NBR reform

FE REPORT 2020-10-04 11:15:04

Reforming the tax administration will be possible only if taxmen change theirorthodox mindsets and view taxpayers as 'clients,'business leaders and policy makers said on Saturday. They suggested a pa...

Bangladesh-Bhutan PTA likely in Dec

Bangladesh-Bhutan PTA likely in Dec

REZAUL KARIM 2020-10-04 10:53:42

A preferential trade agreement (PTA) between Bangladesh and Bhutan is expected to be signed in the victory month of December to boost bilateral trade. Bangladesh and Bhutan are good regional neighbou...

Bangladesh’s current account records surplus in two months

Bangladesh’s current account records surplus in two months

JASIM UDDIN HAROON 2020-10-04 09:20:31

The country's current-account posted a record surplus in July-August period of the current fiscal year, amid the pandemic. The current account balance, a measure of the nation's trade and financial f...

US launches probe into whether Vietnam undervalues its currency

US launches probe into whether Vietnam undervalues its currency

REUTERS 2020-10-03 11:51:34

The United States is opening an investigation into whether Vietnam has been undervaluing its currency and harming US commerce, the US Trade Representative’s office said in a statement on Friday....

Bangladesh's overseas employment in depths of slump

Bangladesh's overseas employment in depths of slump

ARAFAT ARA 2020-10-03 09:23:58

The picture of the overseas employment sector in Bangladesh is bleak with thousands of migrants in the dark about their jobs due to coronavirus pandemic. Jobless workers' homecoming continues. Again,...

US companies urged to invest more in BD

US companies urged to invest more in BD

FE Online Desk 2020-10-02 14:32:27

  US companies would take advantage of the competitiveness of Bangladesh and invest in the country in much greater volume particularly in the areas of ICT, energy, and pharmaceuticals. The fi...

US personal income decreases 2.7pc  in August

US personal income decreases 2.7pc in August

-- 2020-10-02 13:51:45

US personal income decreased 2.7 per cent in August, following the expiration of extra unemployment benefits provided by the federal government, the Labor Department said Thursday. "Federal economic...

Govt formulating master plan to attract private investors

Govt formulating master plan to attract private investors

Munima Sultana  2020-10-02 10:16:39

The government is formulating a master plan to transform the Kamalapur railway station into a multi modal transportation hub (MMTH), and to attract private investors. A master plan is necessary...

Inward remittance grows by over 48pc in Q1 of FY21

Inward remittance grows by over 48pc in Q1 of FY21

FE Online Report 2020-10-01 21:39:36

The inflow of remittances grew by more than 48 per cent in the first quarter (Q1) of the current fiscal year (FY21) despite the ongoing Covid-19 pandemic, officials said. The flow of inward remittanc...

Vietnam's manufacturing returns to growth in Sept

Vietnam's manufacturing returns to growth in Sept

-- 2020-10-01 14:15:51

Vietnamese manufacturing sector returned to growth in September as COVID-19 concerns eased in the country, a report compiled by the London-based global information provider IHS Markit has said. In Se...

Global housing markets face tougher year ahead, poll shows

Global housing markets face tougher year ahead, poll shows

Reuters 2020-10-01 11:12:38

Most major housing markets won’t keep up with the consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and...