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The Financial Express

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Embassy of Bangladesh, Beijing rejoinder

Embassy of Bangladesh, Beijing rejoinder

FE Online Desk 2020-05-27 12:32:18

The Bangladesh Embassy in Beijing, China has sent a rejoinder to a news item published on the The Financial Express (Online) on May 23, 2020 under the headline ‘China exit: Japanese firms keen o...

India facing one of its worst recessions: CRISIL

India facing one of its worst recessions: CRISIL

-- 2020-05-27 10:57:27

Global rating and research agency CRISIL has said that India was facing one of its worst phases of recession, amid the Lockdown imposed to contain novel coronavirus (COVID-19) pandemic outbreak. In a...

COVID-19 could cost Mexico a million jobs: President

COVID-19 could cost Mexico a million jobs: President

-- 2020-05-26 15:15:51

Mexican President Andres Manuel Lopez Obrador has said that the novel coronavirus could cost as many as a million jobs in the country as many industries considered not essential remain shut. The Mexi...

BD start-up sets sights on coronavirus contact tracing app

BD start-up sets sights on coronavirus contact tracing app

-- 2020-05-26 14:24:31

The outbreak of COVID-19 in Bangladesh has provoked the imposition of several drastic and unprecedented measures as part of a nationwide lockdown to limit the spread of the deadly coronavirus. One in...

Singapore cuts 2020 GDP outlook again

Singapore cuts 2020 GDP outlook again

-- 2020-05-26 12:24:52

Singapore downgraded its 2020 gross domestic product (GDP) forecast for the third time on Tuesday, the trade ministry said, as the bellwether economy braces for its deepest ever recession. The city-s...

In land of big data, China sets individual privacy rights

In land of big data, China sets individual privacy rights

-- 2020-05-26 11:45:42

China is poised to enshrine individuals’ rights to privacy and personal data for the first time, a symbolic first step as more of the country of 1.4 billion people becomes digitised - and more v...

Fifth Generation Fixed Network (F5G) industry initiative launched

Fifth Generation Fixed Network (F5G) industry initiative launched

FE Online Desk 2020-05-25 19:11:50

At the 17th Huawei Global Analyst Summit (HAS), the European Telecommunications Standards Institute (ETSI), China Broadband Development Alliance, Altice Portugal, and Huawei jointly launched the Fifth...

BEXIMCO forays into US with 6.5m PPE gowns

BEXIMCO forays into US with 6.5m PPE gowns

FE Online Desk 2020-05-25 17:36:31

In a landmark, Bangladesh joined the select group of countries that manufacture world-class, large-scale Personal Protective Equipment (PPE) by shipping 6.5 million PPE gowns to US brand Hanes, for ul...

Corona spoiled China’s chances of setting 6.0pc growth goal: Xi

Corona spoiled China’s chances of setting 6.0pc growth goal: Xi

REUTERS 2020-05-25 14:27:09

Chinese President Xi Jinping said China’s annual economic growth target could have been set around 6.0 per cent had the new coronavirus epidemic not happened, according to state media reports on...

Google Doodle celebrates Nazrul’s birth anniversary

Google Doodle celebrates Nazrul’s birth anniversary

FE Online Desk 2020-05-25 10:38:45

Search engine giant Google has created a new Doodle on its homepage, marking the 121st birth anniversary of Bengali poet, musician, writer and activist Kazi Nazrul Islam. Google made an alterati...

US economist warns of 10 years of depression and debt

US economist warns of 10 years of depression and debt

BBC 2020-05-24 15:54:07

American economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus. Nicknamed Dr Doom for his gloomy predictions, Professor Roubini, who teaches at New Y...

Australia records 44tbps internet speed

Australia records 44tbps internet speed

-- 2020-05-23 16:55:35

Australian researchers from Monash, Swinburne and RMIT universities claim to have logged a data speed of 44.2 terabits per second – the fastest internet data speed so far, reports BBC. With th...

China exit: Japanese firms keen on moving to BD

China exit: Japanese firms keen on moving to BD

FE ONLINE REPORT 2020-05-23 12:16:11

At least 34 Japanese companies operating in China have shown interest to relocate their units to Bangladesh. The embassy of Bangladesh in Beijing informed the development to the ministry of foreign a...

Non-bank debts halve on NSC sales slump

Non-bank debts halve on NSC sales slump

Siddique Islam 2020-05-23 09:21:44

The government has slashed its non-bank borrowing target by half to Tk 150 billion to finance the budget deficit of the current fiscal year ending on June 30, officials said. The government's net non...

Agriculture sector should get priority in next budget: Speakers

Agriculture sector should get priority in next budget: Speakers

FE Online Desk 2020-05-22 23:31:04

Speakers at a virtual seminar have demanded to prioritise agriculture sector in the budget of 2020-21 fiscal year to minimise the economic impact during post-pandemic period. They also said the gover...

Malaysian economy may face sharp slowdown in near future

Malaysian economy may face sharp slowdown in near future

-- 2020-05-22 15:16:01

Malaysia's latest data on Friday indicated that the country may be facing a sharp slowdown. According to Malaysian Statistics Department statement, the latest leading index (LI) which is compiled to...

China drops annual growth target for first time since 1990

China drops annual growth target for first time since 1990

REUTERS 2020-05-22 15:13:37

China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world’s second-biggest economy, setting a sombre ton...

A crisis that has blunted the euro's global profile

A crisis that has blunted the euro's global profile

REUTERS 2020-05-22 12:25:20

The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world’s preferred currency, by exposing euro zone frailties and cementing th...

Facebook to let employees work remotely even after lockdown

Facebook to let employees work remotely even after lockdown

Reuters 2020-05-22 11:56:33

Facebook will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification a...

Pandemic could push 60m into ultra poverty globally

Pandemic could push 60m into ultra poverty globally

FE Report 2020-05-22 10:17:55

The World Bank has warned that as many as 60 million people worldwide could be pushed into extreme poverty due to the impact of the deadly coronavirus. "Our estimate is that up to 60 million people w...

Govt takes up Tk 70b project to create self-employment

Govt takes up Tk 70b project to create self-employment

-- 2020-05-22 10:10:22

The youth and sports ministry has taken up a Tk 70 billion project to create self-employment and alleviate poverty. It aims at making the huge portion of the population, who have left the cities due...

Thrust on giving priority to health sector in next budget

Thrust on giving priority to health sector in next budget

FE Report 2020-05-22 09:56:01

Speakers at a virtual seminar on Thursday stressed the need for giving priority to the health sector in the budget for fiscal year 2020-21 and utilising allocation properly to revive the coronavirus-r...

Amphan ravages Rajshahi mango hub

Amphan ravages Rajshahi mango hub

FHM Humayan Kabir 2020-05-22 09:49:35

The cyclone Amphan has dealt a body blow for mango farmers in the Rajshahi region, already reeling under the coronavirus outbreak, victims and officials said on Thursday. The very severe storm that p...

PRAN-RFL distributes relief among another 11 thousand families

PRAN-RFL distributes relief among another 11 thousand families

FE Online Desk 2020-05-21 23:18:35

PRAN-RFL Group, one of the leading conglomerates of Bangladesh is distributing food items to more than 11 thousand poor families across the country. The organization has started food distribution in t...

China's large-scale COVID-19 testing may pave way for strong economic recovery, US economist says

China's large-scale COVID-19 testing may pave way for strong economic recovery, US economist says

Xinhua 2020-05-21 19:56:57

China's large-scale COVID-19 testing may pave the way for a strong economic recovery, a renowned US economist has said. "Although there are no official national data on the number of tests that have...

Lawmakers recommend protection of bidi industry, slashing taxes in budget

Lawmakers recommend protection of bidi industry, slashing taxes in budget

FE ONLINE REPORT 2020-05-21 18:40:24

More than 50 lawmakers from different areas of the country have submitted demi official (DO) letters to the Prime Minister and the National Board of Revenue (NBR) recommending reduction of existing ta...

CBP holds Pre-Budget Virtual Dialogue 2020

CBP holds Pre-Budget Virtual Dialogue 2020

-- 2020-05-21 18:24:40

The Centre on Budget and Policy (CBP), University of Dhaka, recently held a virtual dialogue, titled ‘Pre-Budget Virtual Dialogue 2020’ on the upcoming budget amid the COVID-19 crisis. D...

Many RMG units remain shut for lack of work orders

Many RMG units remain shut for lack of work orders

FE ONLINE REPORT 2020-05-21 15:35:10

A significant number of garment factories remained closed for the last two months since March due to shortage of work orders followed by the ongoing coronavirus pandemic, industry insiders said. Many...

WB names Harvard professor Carmen Reinhart as chief economist

WB names Harvard professor Carmen Reinhart as chief economist

-- 2020-05-21 11:33:05

Harvard University professor Carmen Reinhart has been appointed as the new vice president and chief economist of World Bank (WB), the WB Group President David Malpass said on Wednesday. "I am very pl...

Inter-bank call rate stable before Eid amid BB's support

Inter-bank call rate stable before Eid amid BB's support

Siddique Islam 2020-05-21 10:45:43

The inter-bank call money rate remained almost stable on Wednesday, the last working day before the Eid vacation, despite higher cash withdrawal from banks, bankers said. The weighted average rate (W...