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Ctg-Chennai-Europe shipping route opens in Nov

Ctg-Chennai-Europe shipping route opens in Nov

JASIM UDDIN HAROON 2019-10-18 10:21:07

A new strategic Chattogram-Chennai-Europe shipping route is likely to commence next month which is expected to reduce lead time. Currently, Chattogram-Colombo, Chattogram-Singapore and Chattogram-Por...

China's FDI inflow rises 6.5pc in Jan-Sep

China's FDI inflow rises 6.5pc in Jan-Sep

Xinhua 2019-10-17 17:22:14

Foreign direct investment (FDI) into the Chinese mainland expanded 6.5 per cent year on year to 683.21 billion yuan in the first three quarters of the year, an official with the Ministry of Commerce (...

Concentration of income increased by 69.36pc in three decades

Concentration of income increased by 69.36pc in three decades

FE Online Report 2019-10-17 16:47:28

Share of income has concentrated and centralised among the richest groups and the distribution of income is becoming progressively unequal in the country, according to a study. The study, conducted r...

PBOC skips reverse repos

PBOC skips reverse repos

-- 2019-10-17 13:56:45

The People's Bank of China (PBOC), the central bank of the country, skipped open market operations via reverse repos on Thursday. The PBOC announced the move in a statement on its website, citing rea...

WB likely to cut global growth forecasts again

WB likely to cut global growth forecasts again

-- 2019-10-17 12:56:42

World Bank President David Malpass said the development lender will likely again downgrade its global growth outlook amid uncertainty over falling trade and investment flows. “As we look at the...

Eighth FYP set to deal with multiple challenges

Eighth FYP set to deal with multiple challenges

FE Report 2019-10-17 12:24:48

The next eighth five-year plan (FYP) is set to deal with multiple challenges to be faced by Bangladesh after its graduation to a middle-income status in 2024. A review meeting on the apex national pl...

'5G mobile network service to be available by 2023'

'5G mobile network service to be available by 2023'

-- 2019-10-16 18:59:23

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Md Jahurul Haque has said the fifth generation (5G) mobile network service will be available in the country by 2021 to 2023. Jahurul...

Germany will not bar Huawei from its 5G networks

Germany will not bar Huawei from its 5G networks

BBC 2019-10-16 17:50:45

Germany will not exclude Chinese tech giant Huawei from its 5G mobile networks, saying it wants to create "a level playing field" for vendors. The US has banned Huawei from selling 5G equipment to it...

NASA unveils new spacesuits for human lunar landing

NASA unveils new spacesuits for human lunar landing

Xinhua 2019-10-16 17:26:43

The US space agency NASA unveiled on Tuesday the next-generation spacesuits to be used in its Artemis programme that will send the first woman and next man to the Lunar South Pole by 2024. NASA Admin...

Google unveils Pixel 4 with unique features

Google unveils Pixel 4 with unique features

-- 2019-10-16 15:32:57

Google unveiled its latest family of hardware ranging from smartphones, ear buds to laptops at a major product launch event in New York on Tuesday (local time), with its new Pixel 4 phone featuring fa...

ADP execution drops in Q1

ADP execution drops in Q1

FE Report 2019-10-16 10:44:08

The Annual Development Programme (ADP) implementation rate fallen to 8.06 per cent in the first quarter (Q1) of the current fiscal year (FY) 2019-20. During the same period (July-September) of FY 201...

IMF projects 7.8pc growth

IMF projects 7.8pc growth

FE Report 2019-10-16 10:06:39

The International Monetary Fund (IMF) has forecasted a 7.8 per cent economic growth for Bangladesh in 2019. The October 2019 version of the World Economic Outlook (WEO), released on Tuesday morning i...

FDI jumps 50.71pc to $3.89b in FY'19

FDI jumps 50.71pc to $3.89b in FY'19

FE REPORT 2019-10-16 09:59:47

The net inflow of foreign direct investment (FDI) in Bangladesh increased by 50.71 per cent in the last fiscal year (FY'19), according to the latest statistics released by the central bank on Tuesday....

Bangladesh can attract Muslim tourists, state minister says

Bangladesh can attract Muslim tourists, state minister says

-- 2019-10-15 21:03:05

State Minister for Civil Aviation and Tourism M Mahbub Ali has said Muslim-friendly environment across the Bangladesh can be a great source to meet the growing demand of Muslim travellers. “Mus...

Inflation reaches 5.54pc in September

Inflation reaches 5.54pc in September

-- 2019-10-15 20:14:41

The general point-to-point inflation rate reached 5.54 per cent in September last from 5.49 per cent in the previous month. The information was revealed on Tuesday at the ECNEC meeting based-on the m...

Google to show off new phone, devices at NY event

Google to show off new phone, devices at NY event

-- 2019-10-15 17:11:02

Google is expected to unveil a new Pixel phone with an updated camera and an emphasis on artificial intelligence features. Google has already announced many details of the Pixel 4, including motion-s...

ECNEC clears two new MRT projects involving Tk 940b

ECNEC clears two new MRT projects involving Tk 940b

-- 2019-10-15 16:01:23

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved two mega MRT projects -- Dhaka Mass Rapid Transit Development Project (Line-1) and Dhaka Mass Rapid Transit Develop...

China further opens up banking sector to foreign investors

China further opens up banking sector to foreign investors

Xinhua 2019-10-15 14:54:16

China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations. Revisions to the regulations on foreign-invested insurance and banking fir...

Made in Bangladesh event in Qatar on Dec 10-12

Made in Bangladesh event in Qatar on Dec 10-12

FE Online Report 2019-10-14 20:40:47

A three-day exhibition of Bangladeshi products is going to kick off in Qatar on December 10 with the aim to strengthen local trade and investment with the host country. The ‘Bangladesh Forum Qa...

Banerjee, Duflo, Kremer win Nobel Prize in economics

Banerjee, Duflo, Kremer win Nobel Prize in economics

-- 2019-10-14 16:41:29

Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics of this year on Monday for research on alleviating global poverty. Indian-born Abhijit Banerjee is an Ameri...

Singapore's GDP growth for Q3 remains at 0.1pc on year

Singapore's GDP growth for Q3 remains at 0.1pc on year

-- 2019-10-14 14:05:11

Singapore’s Ministry of Trade and Industry has announced that based on advance estimates, the country's Gross Domestic Product (GDP) for the third quarter of 2019 grew 0.1 per cent year on year....

China sees steady growth in trade with B&R countries

China sees steady growth in trade with B&R countries

Xinhua 2019-10-14 13:50:34

China's trade with countries along the Belt and Road (B&R) posted robust growth in the first three quarters of this year, official data showed Monday. Trade with B&R countries totalled 6.65 t...

Javid plans to deliver first post-Brexit budget on Nov 6

Javid plans to deliver first post-Brexit budget on Nov 6

Reuters 2019-10-14 13:06:57

British finance minister Sajid Javid said on Monday he planned to deliver the first post-Brexit budget statement on November 6, less than a week after the country’s deadline for leaving the Eu...

Vietnam to post economic growth of 6.6pc in 2019: WB

Vietnam to post economic growth of 6.6pc in 2019: WB

Xinhua 2019-10-13 17:24:46

Vietnam's gross domestic product (GDP) expansion is projected to decelerate from 7.1 per cent in 2018 to 6.6 per cent in 2019, due to slower export growth and weaker agricultural production growth, ac...

Two NASA astronauts complete nearly seven-hour spacewalk

Two NASA astronauts complete nearly seven-hour spacewalk

Xinhua 2019-10-12 18:14:28

Two US astronauts wrapped up a spacewalk out of the International Space Station (ISS) on Friday, the second in a series of five spacewalks in October to replace batteries on the far end of the station...

Banking sector needs urgent reformation: Speakers

Banking sector needs urgent reformation: Speakers

-- 2019-10-12 18:07:32

Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented th...

Major payment companies leave Facebook's Libra project

Major payment companies leave Facebook's Libra project

Reuters 2019-10-12 16:20:23

Facebook Inc’s ambitious efforts to establish a global digital currency, called Libra, suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the g...

Canada's Conservatives pledge to balance budget

Canada's Conservatives pledge to balance budget

-- 2019-10-12 16:00:46

Canada’s opposition Conservatives on Friday promised to balance the budget in five years without slashing government jobs if they win an election this month, but the ruling Liberals insisted the...

Govt opts for costlier WB loans

Govt opts for costlier WB loans

FHM HUMAYAN KABIR 2019-10-12 09:59:32

The government is going to take out US$1.87 billion in costlier loans from the World Bank (WB) to implement six projects, officials said. The decision on securing the hard-term loans from the bank's...

BD to become self-sufficient in egg production in FY20

BD to become self-sufficient in egg production in FY20

FE Online Report 2019-10-11 18:08:46

The country is going to be self-sufficient in egg production this financial year (FY20) with an expected output of 17.81 billion eggs, according to the government.The egg sector’s turnover is li...