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The Financial Express

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South Korean company to invest $6.0m in Mongla EPZ

South Korean company to invest $6.0m in Mongla EPZ

-- 2020-03-04 16:53:11

South Korean Company Ms Jong Hyun Hi-Tech Industries Company Limited is going to establish a polyester staple fiber (PSF) manufacturing industry with an investment of US$ 6.0 million in Mongla Export...

India's SC allows trade in cryptocurrency, quashes RBI curb

India's SC allows trade in cryptocurrency, quashes RBI curb

-- 2020-03-04 15:28:11

India’s Supreme Court (SC) on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank. The Reserve Bank...

Chinese firm accuses CIA of 11-year-long hacking campaign

Chinese firm accuses CIA of 11-year-long hacking campaign

-- 2020-03-04 12:24:42

Chinese antivirus firm Qihoo 360 said CIA hackers have spent more than a decade breaking into the Chinese airline industry and other targets, a blunt allegation of American espionage from a Beijing-ba...

Inflation drops further in February

Inflation drops further in February

FE Online Report 2020-03-03 20:10:32

Monthly inflation rate, calculated on the basis of consumer price index (CPD), declined further in February this year to 5.46 per cent from 5.57 per cent in January. The rate was recorded at 5.75 per...

HC issues rule on 9pc interest rate

HC issues rule on 9pc interest rate

-- 2020-03-03 17:37:34

The High Court has issued a rule questioning the legality of Bangladesh Bank's circular fixing the interest rate on all loans, except for credit cards, at 9 per cent. Justice Abu Taher Md Saifur Rahm...

BEZA gets $20.5b investment proposals

BEZA gets $20.5b investment proposals

-- 2020-03-03 14:57:16

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around 20.50 billion US Dollar from 151 local and foreign business entities, officials said. Out of the inves...

IMF, WB stand ready to address economic challenges of coronavirus

IMF, WB stand ready to address economic challenges of coronavirus

REUTERS 2020-03-03 14:44:26

The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, includ...

Coronavirus: Twitter tells staff to work from home

Coronavirus: Twitter tells staff to work from home

-- 2020-03-03 11:44:02

Twitter has told its employees to work from home to help stop the spread of the coronavirus. In a blog post, the social media giant said it was mandatory for staff in Hong Kong, Japan and South Korea...

Single-digit interest rate: ICB wants in on new regime

Single-digit interest rate: ICB wants in on new regime

SYFUL ISLAM 2020-03-03 10:55:07

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has som...

Import fall pushes up tax revenue shortfall

Import fall pushes up tax revenue shortfall

FE Report 2020-03-03 10:50:10

Tax revenue shortfall aggravated further, hovering to a deficit worth Tk 374.97 billion against its target until January of the current fiscal year (FY), 2019-20, largely due to fall in import of reve...

Labour-saving tech shrinks job growth

Labour-saving tech shrinks job growth

FE REPORT 2020-03-03 09:54:14

Employment growth in the manufacturing sector has decelerated in recent years, accelerated by investment in higher productivity, according to an economist. Rizwanul Islam, visiting senior fellow of t...

'Coronavirus outbreak plunging economy into worst downturn'

'Coronavirus outbreak plunging economy into worst downturn'

-- 2020-03-02 22:05:46

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development (OECD) warned on Monday. Th...

July-Feb remittance flow crosses $12b

July-Feb remittance flow crosses $12b

SIDDIQUE ISLAM 2020-03-02 10:15:09

The flow of inward remittances crossed US$12 billion in the first eight months of this fiscal year (FY), despite a significant fall in February, officials said. The inflow of remittances grew by more...

Coronavirus outbreak batters economies

Coronavirus outbreak batters economies

-- 2020-03-02 00:24:58

Amid fears about where the next outbreak of a fast-spreading new virus would appear, infections and deaths continued to rise across the globe Sunday, emptying streets of tourists and workers, shaking...

Writ challenges BB circular on single-digit loan interest

Writ challenges BB circular on single-digit loan interest

-- 2020-03-01 15:46:31

A writ petition was filed with the High Court on Sunday challenging a Bangladesh Bank circular that fixed 9 per cent loan interest. Law student Mahfuzur Rahman filed the petition with the High Court,...

Ten innovations win National Hackathon awards

Ten innovations win National Hackathon awards

FE Online Report 2020-03-01 15:38:52

Ten innovations were awarded during the two-day long National Hackathon in Dhaka city. They were earlier selected for the awards after sorting out from 349 shortlisted innovative solutions. Top 51 t...

Australia scientists detect largest explosion since Big Bang

Australia scientists detect largest explosion since Big Bang

-- 2020-02-29 18:17:44

Australia Scientists detect largest explosion since Big Bang   Scientists in Australia have detected the largest explosion seen in the Universe since the Big Bang, which emitted five times the...

Mexican exports grow 3.2pc in January

Mexican exports grow 3.2pc in January

-- 2020-02-29 12:00:37

Mexico's exports grew 3.2 per cent year on year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Statistics and Geography (INEGI) has announced...

Brazil to review GDP growth projection

Brazil to review GDP growth projection

-- 2020-02-29 11:57:01

Brazil's gross domestic product (GDP) estimates will be reviewed, given the impact of the novel coronavirus epidemic, a government official has said. According to Adolfo Sachsida, economic policy sec...

Post office savings: Govt moves to make NID mandatory

Post office savings: Govt moves to make NID mandatory

JASIM UDDIN HAROON 2020-02-29 10:30:37

The government is set to make use of national identity cards mandatory for the people willing to open accounts with Sanchaya Bank which belongs to Bangladesh Post Office. The latest move is seen as a...

Japan's PM pledges to protect economy from coronavirus impact

Japan's PM pledges to protect economy from coronavirus impact

-- 2020-02-28 12:37:14

Japanese Prime Minister Shinzo Abe has pledged to take policy steps as needed to prevent the coronavirus outbreak from dealing a severe blow to the country’s fragile economic recovery. Abe on F...

Coronavirus may bring fortune for Bangladesh

Coronavirus may bring fortune for Bangladesh

FE Report 2020-02-28 10:50:59

The spread of new coronavirus (COVID-19) in China may bring fortune for a booming economy like Bangladesh as many countries have by now realised that dependence on a single country for sourcing produc...

China's lunar rover unveils underground secrets on far side of moon

China's lunar rover unveils underground secrets on far side of moon

Xinhua 2020-02-27 21:06:51

China's lunar rover Yutu-2, or Jade Rabbit-2, has helped scientists unveil the secrets buried deep under the surface on the far side of the moon, enriching human's understanding about the history of c...

IMF projects 0.8pc growth for Zimbabwe in 2020

IMF projects 0.8pc growth for Zimbabwe in 2020

-- 2020-02-27 15:50:33

The International Monetary Fund (IMF) has projected a 0.8 per cent growth for Zimbabwe's economy 2020, much lower than a 3.0 per cent forecast by the Zimbabwe government. In a statement, the IMF on W...

Depositors’ money to be more secure under new act: BB

Depositors’ money to be more secure under new act: BB

-- 2020-02-26 21:36:55

The Bangladesh Bank has said depositors’ money in banks and financial institutions will be more secure after implementation of proposed ‘Deposit Protection Act, 2020’. BB's chief sp...

Trump, Modi hope talks lead to phase one of US-India trade deal

Trump, Modi hope talks lead to phase one of US-India trade deal

Reuters 2020-02-26 13:21:23

US President Donald Trump and Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks that they hope can lead to the first phase of a bilateral US-India...

Musk’s SpaceX rocket production facility approved by Port of Los Angeles

Musk’s SpaceX rocket production facility approved by Port of Los Angeles

-- 2020-02-26 11:42:53

SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vaca...

Bangladesh, India discuss ways to boost trade ties

Bangladesh, India discuss ways to boost trade ties

-- 2020-02-25 22:30:08

Speakers at a seminar on Tuesday discussed trade and business opportunities between Bangladesh and India and ways to bolster trade relations taking advantage of the proximity. Indian High Commission...

India has 98pc of coal resources among BIMSTEC states: Report   

India has 98pc of coal resources among BIMSTEC states: Report  

FE REPORT 2020-02-25 22:21:21

India is top with more than 98 per cent of coal resources, followed by Bangladesh 1.2 per cent among member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperat...

NEC approves second perspective plan

NEC approves second perspective plan

-- 2020-02-25 18:10:34

The National Economic Council (NEC) has approved the Second Perspective Plan of Bangladesh (2021-2041) in a bid to turn Bangladesh as a higher mid-income country by 2031 and a higher income and develo...