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The Financial Express

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DU method to detect coronavirus 'in 40 minutes'

DU method to detect coronavirus 'in 40 minutes'

-- 2020-06-08 09:37:43

The authorities of Dhaka University (DU) have claimed to introduce a new method which can detect coronavirus within around 40 minutes. A team of researchers, led by Professor Dr Z...

Achieving tax target tall order, says CPD

Achieving tax target tall order, says CPD

FE REPORT 2020-06-08 09:30:29

Achieving the tax collection target set by the National Board of Revenue or NBR for fiscal year 2020-21 is "impossible," analysts said calling the goal "unrealistic." They made the remarks while spea...

‘Transition of stimulus packages should be transparent’

‘Transition of stimulus packages should be transparent’

-- 2020-06-07 23:06:37

World Bank Country Director Mercy Miyang Tembon has said the transition of stimulus packages, announced to minimise the impact of COVID-19 pandemic, should be transparent. She also suggested enhancin...

Zuckerberg promises a review of Facebook content policies

Zuckerberg promises a review of Facebook content policies

-- 2020-06-07 18:25:26

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by US President Donald Trump during recent demonstrations prote...

Growth rate may come down to 2.50pc: CPD

Growth rate may come down to 2.50pc: CPD

FE Online Report 2020-06-07 14:07:54

Centre for Policy Dialogue (CPD), a leading think-tank of the country, projected that the growth rate of Gross Domestic Product (GDP) would be 2.50 per cent in the current fiscal year (FY20) due to th...

Health experts, economists for lockdown, curfew

Health experts, economists for lockdown, curfew

FE REPORT 2020-06-07 10:13:07

Health experts and economists have urged the government to impose a strict lockdown along with a curfew for at least a month to contain the spread of COVID-19. They said one or two weeks' lockdown wo...

Chinese investment: Government picks 17 'priority' projects

Chinese investment: Government picks 17 'priority' projects

MIR MOSTAFIZUR RAHAMAN 2020-06-07 09:39:56

The government has selected a total of 17 development projects worth US$11.5 billion as priority ones for Chinese investment. The list of priority projects has been prepared in line with the decision...

Facebook says it found no foreign interference in Floyd protests

Facebook says it found no foreign interference in Floyd protests

Xinhua 2020-06-06 16:21:06

Facebook said on Friday that it has not seen any foreign interference using its platform to meddle in the demonstrations across the country related to the death of George Floyd. "We have been activel...

G20 pledges more than $21b to fight coronavirus

G20 pledges more than $21b to fight coronavirus

-- 2020-06-06 16:19:28

The Group of 20 rich and emerging economies has pledged more than 21 billion US dollars to fight the coronavirus (COVID-19), the group said early on Saturday.  “The G20, with invited count...

BGBA seeks reduction of AIT to 5.0pc in next budget

BGBA seeks reduction of AIT to 5.0pc in next budget

FE ONLINE REPORT 2020-06-06 15:53:11

Bangladesh Garment Buying House Association has demanded a reduction in Advance Income Tax (AIT) to 5.0 per cent from the existing 10 per cent in the next budget. “Due to the ongoing coronaviru...

Cambodia likely to lose $3b in tourism revenue in 2020

Cambodia likely to lose $3b in tourism revenue in 2020

-- 2020-06-06 13:47:34

Cambodia may lose about 3.0 billion US dollars in tourism revenue in 2020 as foreign tourists to the kingdom dropped sharply due to the impact of the COVID-19, said Tourism Minister Thong Khon. Touri...

'Corona Tracer BD' app to fight Covid-19

'Corona Tracer BD' app to fight Covid-19

FE DESK REPORT 2020-06-06 10:21:59

In order to contain the spread of the COVID-19 pandemic, the ICT Division, Government of Bangladesh, has released a smartphone app (beta) for the citizens of the country, said a statement. Zunaid Ahm...

10pc hike in ADP outlay for agri sector likely

10pc hike in ADP outlay for agri sector likely

Yasir Wardad 2020-06-06 09:35:27

Allocation for the agriculture sector is set to rise by 10 per cent in the development budget for the fiscal year (FY) 2020-21. The basic objective behind earmarking higher allocation for the agric...

Ministry prods SoBs over virus stimulus packages

Ministry prods SoBs over virus stimulus packages

FE REPORT 2020-06-06 09:32:51

The ministry of finance (MoF) has asked the state-owned banks (SoBs) to expedite steps to implement the stimulus packages that the government announced to help recoup the impacts of Covid-19 pandemic...

Insurers hit hard by pandemic

Insurers hit hard by pandemic

FE REPORT 2020-06-06 09:26:02

The gross premium of 33 life insurance companies rose by nearly 7.0 per cent in 2019 before the arrival of the novel coronavirus in the country. The rate for 46 non-life insurers also grew by nearly...

Foreign currency reserve, annual remittance hit record

Foreign currency reserve, annual remittance hit record

-- 2020-06-05 22:43:00

Expatriate Bangladeshis sent around $16.56 billion in remittance until June 3 of the current fiscal 2019-20, which is all-time high of any fiscal. “As of June 30, in previous fiscal year, Bangl...

US labour market sees surprise improvement in May

US labour market sees surprise improvement in May

-- 2020-06-05 21:20:28

The US labour market improved unexpectedly in May raising hopes that economic damage tied to the pandemic will be less harmful than feared. The unemployment rate fell to 13.3 per cent, down from 14.7...

Singapore's retail sales fall sharply in April

Singapore's retail sales fall sharply in April

-- 2020-06-05 16:19:28

Singapore's retail sales decreased by 40.5 per cent year on year this April, compared to the 13.3 per cent decrease in the previous month, said the Department of Statistics (DOS) of Singapore on Frida...

Indian consumer confidence at historic low: RBI

Indian consumer confidence at historic low: RBI

-- 2020-06-05 12:26:12

Indian consumers are facing double whammy with their confidence in May touching historic low of 63.7 per cent from 85.6 per cent in March, along with expectations of retail inflation accelerating in t...

Import-export thru' Benapole halted since March 23

Import-export thru' Benapole halted since March 23

Doulot Akter Mala 2020-06-05 09:53:13

Import-export activities with India through the country's largest land-port Benapole have remained almost stalled since March 23, raising serious concerns over supply chain disruption of essentials....

Thousands of garment workers lose jobs

Thousands of garment workers lose jobs

MONIRA MUNNI 2020-06-05 09:46:40

Thousands, mostly garment operatives, have lost their jobs in what industry insiders describe as a fall in production and work orders amid the Covid-19 pandemic. Some 67 factories, including seven no...

IMF almost halves GDP growth rate

IMF almost halves GDP growth rate

SIDDIQUE ISLAM 2020-06-05 09:46:29

The International Monetary Fund or IMF has lowered GDP growth projection for Bangladesh to 3.8 per cent for fiscal year 2019-2020 from its earlier estimate of 7.4 per cent in the aftermath of the pand...

Private sector credit growth drops further

Private sector credit growth drops further

FE REPORT 2020-06-05 09:41:06

Private sector credit growth decelerated further in April due to lower credit demand following supply chain disruption caused by the coronavirus pandemic, bankers said. The growth in credit flow to t...

Enforce 'hard' lockdown

Enforce 'hard' lockdown

FE REPORT 2020-06-05 09:32:33

Economic policy experts, private sector leaders and health professionals have suggested enforcement of a 'hard' lockdown in the country for some days to help control an unmanageable spike in Covid-19...

Farmers incur Tk 565b loss on shutdown

Farmers incur Tk 565b loss on shutdown

FE REPORT 2020-06-05 09:27:48

The farmers incurred a loss worth Tk 565 billion during the 45-day general holidays announced by the government to prevent the spread of coronavirus, according to BRAC research released on Thursday....

RMG factories may slash workforce from June: BGMEA chief

RMG factories may slash workforce from June: BGMEA chief

-- 2020-06-04 20:52:29

The readymade garments (RMG) factories can now use only half their workforce due to the coronavirus crisis, which may lead them to shed jobs from June, Rubana Huq fears. She says the owners are ready...

Govt so far announces $12.11b stimulus to combat COVID-19

Govt so far announces $12.11b stimulus to combat COVID-19

-- 2020-06-04 20:23:57

The government has so far announced 19 stimulus packages worth over $12.11 billion (Tk 1,02,957 crore) to offset the COVID-19 shock on various sectors and minimise the sufferings of the people hit har...

Forex reserves cross $34 billion mark for first time

Forex reserves cross $34 billion mark for first time

FE Online Report 2020-06-04 13:22:07

Bangladesh’s foreign exchange reserves have crossed US$34 billion mark for the first time, after a substantial amount of fund was received from a multilateral donor agency, officials said. The...

Vietnam garment export value falls 14.5pc in five months

Vietnam garment export value falls 14.5pc in five months

-- 2020-06-04 12:16:21

Vietnam's total textile and garment export value in the first five months of this year declined by 14.5 per cent year-on-year to over 10.4 billion US dollars, according to the country's General Statis...

People urge govt to announce pro-poor budget

People urge govt to announce pro-poor budget

-- 2020-06-04 11:41:13

People who have been hit hard by the recent shutdown aimed at containing the coronavirus outbreak, have urged the government to announce a pro-poor national budget that saves both the lives and liveli...