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The Financial Express

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Tariff commission fears serious impact on trade with China

Tariff commission fears serious impact on trade with China

SYFUL ISLAM 2020-02-25 09:49:41

The impact of novel coronavirus on Bangladesh-China bilateral trade is already visible and may seriously affect it in the long run, the Bangladesh Trade and Tariff Commission has said. "Due to the vi...

BB sets 9.0pc interest rate on all loans

BB sets 9.0pc interest rate on all loans

FE Report 2020-02-24 22:33:46

The central bank has instructed banks to fix a maximum 9.0 per cent interest rate on all loans except credit cards as part of the government initiative to bring down the lending rate to a si...

Seven committees to oversee development of SMEs

Seven committees to oversee development of SMEs

FE REPORT 2020-02-24 16:09:59

The Ministry of Industries (MoI) has formed seven separate committees to oversee the development activities of the country's small and medium enterprises (SMEs) sector. The committees are: SME busine...

‘Bangladesh economy to overtake Malaysia, Singapore in four years’

‘Bangladesh economy to overtake Malaysia, Singapore in four years’

-- 2020-02-23 21:53:13

Finance Minister AHM Mustafa Kamal, citing the report of an international survey, on Sunday said the economy of Bangladesh will surpass that of Malaysia and Singapore by 2024. "The economy of Banglad...

'Analog cable-TV service costs govt Tk 120b a year'

'Analog cable-TV service costs govt Tk 120b a year'

-- 2020-02-23 20:39:19

The government loses Tk 100-120 billion in revenue every year as the cable operators are not digitised their services, said Information Minister Hasan Mahmud on Sunday, reports UNB. “The govern...

Second graduation ceremony of BIBM’s Certification Courses held

Second graduation ceremony of BIBM’s Certification Courses held

FE Online Desk 2020-02-23 14:27:29

The Graduation Ceremony of BIBM’s Certification Courses organized by Bangladesh Institute of Bank Management (BIBM) was held at BIBM premises recently. Fazle Kabir, Chairman of the BIBM Governi...

Banking commission must operate independently: CPD

Banking commission must operate independently: CPD

-- 2020-02-22 21:33:43

The Centre for Policy Dialogue (CPD) has welcomed the government's decision to form a banking commission in a bid to pull the country's financial services sector out of its current slump. But the org...

Samsung confirms coronavirus case at South Korea factory

Samsung confirms coronavirus case at South Korea factory

-- 2020-02-22 19:30:30

Samsung Electronics on Saturday confirmed one coronavirus case at its mobile device factory complex in the southeastern city of Gumi in South Korea, causing a shutdown of its entire facility there unt...

Global telcos join Alphabet, SoftBank’s flying cellphone antenna lobbying effort

Global telcos join Alphabet, SoftBank’s flying cellphone antenna lobbying effort

-- 2020-02-21 19:26:49

Alphabet and SoftBank’s attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory ap...

After Amazon, Walmart’s Flipkart challenges India antitrust probe

After Amazon, Walmart’s Flipkart challenges India antitrust probe

-- 2020-02-21 18:28:45

Walmart’s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its...

Daimler warns of “significant adverse effects” of virus outbreak

Daimler warns of “significant adverse effects” of virus outbreak

-- 2020-02-21 18:14:35

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world, according to Reuters. &...

BD eyes further economic ties with Turkey

BD eyes further economic ties with Turkey

-- 2020-02-21 15:51:10

Bangladeshi President Abdul Hamid called Thursday for greater trade and investment with Turkey to explore the potentials of the two countries in various sectors, reports Daily Sabah.  "There is...

Samsung Electronics names non-executive director as board chairman in company first

Samsung Electronics names non-executive director as board chairman in company first

-- 2020-02-21 15:45:08

Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence, according to Reuters. Former Finance M...

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

-- 2020-02-21 15:25:56

In the days after a new virus was identified in China on December 31, global central bankers fell back on past experience for a comforting early analysis, according to Reuters. The SARS epidemic in 2...

Kuroda watching with ‘grave concern’ as virus hits Asian economies

Kuroda watching with ‘grave concern’ as virus hits Asian economies

-- 2020-02-21 14:44:40

Bank of Japan Governor Haruhiko Kuroda said he was watching the coronavirus impact on the economy with “grave concern,” in a nod to the growing toll the epidemic is taking on manufacturing...

Scientist behind cut, copy and paste dies

Scientist behind cut, copy and paste dies

-- 2020-02-20 17:47:07

Larry Tesler, an icon of early computing, has died at the age of 74, reports the BBC. Mr Tesler started working in Silicon Valley in the early 1960s, at a time when computers were inaccessible to the...

Govt may revise decision on post office savings interest rate

Govt may revise decision on post office savings interest rate

-- 2020-02-19 19:36:35

The government would revise the recent decision of interest rate cut on post office savings schemes considering the concern of the marginalised and low-income people. Finance Minister AHM Mustafa Kam...

Facebook expresses 'deep concern' after Singapore's blocking order

Facebook expresses 'deep concern' after Singapore's blocking order

-- 2020-02-19 17:20:47

Facebook has expressed concern after it was ordered by Singapore to block access to a news site's page. Singapore said the fringe site States Times Review had broken a newly introduced "fake news" la...

No visas for low-skilled workers, UK govt says

No visas for low-skilled workers, UK govt says

BBC 2020-02-19 11:13:15

Low-skilled workers would not get visas under post-Brexit immigration plans unveiled by the government. It is urging employers to "move away" from relying on "cheap labour" from Europe and invest in...

Banks' provision shortfall shrinks by 18pc in Q4

Banks' provision shortfall shrinks by 18pc in Q4

FE Report 2020-02-19 10:16:49

The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. T...

Coronavirus slows China's Belt and Road push

Coronavirus slows China's Belt and Road push

Reuters 2020-02-18 20:27:44

When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, p...

Power sector received Tk 522.6b as subsidy in 10 years

Power sector received Tk 522.6b as subsidy in 10 years

UNB 2020-02-18 20:19:34

State Minister for Power, Energy and Mineral Resources Nasrul Hamid informed the parliament on Tuesday that the government provided Tk 522.60 billion as subsidy to power sector in the last 10 years....

UN initiative to improve environment, livelihoods and energy supply in Cox's Bazar

UN initiative to improve environment, livelihoods and energy supply in Cox's Bazar

FE Online Desk 2020-02-18 13:20:47

Three United Nations (UN) agencies have launched the Safe Access to Fuel and Energy Plus Livelihoods (SAFE Plus) project in Dhaka alongside the Government of Bangladesh to mitigate deforestation and i...

Japan approves bill to help firms to develop 5G

Japan approves bill to help firms to develop 5G

-- 2020-02-18 11:47:28

Japan’s cabinet on Tuesday approved a bill to support companies to develop secure 5G mobile networks and drone technologies amid growing alarm among Tokyo policymakers over the increasing influe...

Bangladesh eyes stronger commercial ties with Qatar

Bangladesh eyes stronger commercial ties with Qatar

UNB 2020-02-17 18:30:06

Bangladesh and Qatar on Monday discussed ways to strengthen commercial ties further between the two countries and send more workers there ahead of the FIFA World Cup to be held in Qatar in November-De...

Interest rates of savings certificates not lowered

Interest rates of savings certificates not lowered

UNB 2020-02-16 21:11:01

The government has clarified that interest rates of different savings schemes with Post Office Savings Bank were lowered, not that of any savings certificate. The Ministry of Finance issued the clari...

Twitter says Olympics, IOC accounts hacked

Twitter says Olympics, IOC accounts hacked

-- 2020-02-16 11:28:53

Twitter said on Saturday that an official Twitter account of the Olympics and the International Olympic Committee’s (IOC) media Twitter account had been hacked and temporarily locked. The accou...

ADB provides additional $170m for capital market reform

ADB provides additional $170m for capital market reform

-- 2020-02-15 16:26:43

The Asian Development Bank (ADB) has approved a second tranche loan of $170 million to conclude the Third Capital Market Development programme in Bangladesh. ADB approved the programme tota...

Service charge on export consignments likely

Service charge on export consignments likely

Rezaul Karim 2020-02-15 10:56:17

The government is contemplating imposing service charge on export consignment under the European Union's (EU) Registered Exporter System (REX) aiming to retain the GSP facility there, officials said...

Padma Bridge to create huge job opportunities: Finance minister

Padma Bridge to create huge job opportunities: Finance minister

BSS 2020-02-14 19:15:46

Finance Minister AHM Mustafa Kamal has said huge employment opportunities will be created after the beginning of vehicular movement on the Padma Bridge. “Those who are growing up now and studyi...