Search results for: EC

Higher interest rate naturally creates loan defaulters: PM

UNB 2019-09-01 16:24:23

Prime Minister Sheikh Hasina on Sunday said the government has taken steps to bring down the interest rate of bank loan to a single digit in all banks, noting that higher interest rate naturally creat...

South Korea August exports fall for ninth month

-- 2019-09-01 12:25:00

South Korea’s exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed o...

Google to pay up to $200m on YouTube probe

Reuters 2019-08-31 17:32:34

Alphabet Inc’s Google will spend up to $200 million to settle a US Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law. Politico repo...

China rises to top engine of global economic growth in 70 years

Xinhua 2019-08-31 17:25:24

China has ranked first in terms of contribution to global economic growth since 2006, becoming the leading engine of world economic growth, an official report said Thursday. In the past 70 years, Chi...

New trends driving China's AI industry

-- 2019-08-31 17:18:29

Approach the categorised dustbins, scan the garbage in front of an image-recognition camera on the bin, and the intelligent system will automatically sort your trash by type. The "smart" trash can, w...

Twitter CEO and co-founder has his own account hacked

BBC 2019-08-31 10:23:18

The co-founder and chief executive of Twitter had his own account on the service briefly taken over by hackers. A group referring to itself as the Chuckling Squad said it was behind the breach of Jac...

India's GDP growth hits six-year low

Reuters 2019-08-31 10:10:01

India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutt...

China to send polar-observing sat into space

Xinhua 2019-08-30 19:36:06

China will send a remote sensing satellite into orbit for polar climate and environment observation in September, according to its developers.The satellite called "Ice Pathfinder" (Code: BNU-1), which...

India announces series of mergers of state-run banks

Reuters 2019-08-30 19:24:47

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending...

India's economic growth seen slipping in Apr-Jun

Reuters 2019-08-30 13:25:01

India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade fricti...

Joint efforts key to sustainable banking

FE Report 2019-08-30 10:26:24

A collaborative approach of industry-led initiatives and policy leadership is required to ensure sustainable financing in banking system, experts said on Thursday. The banks, in most cases, look less...

Govt to cut down on bank borrowing for September

Siddique Islam 2019-08-30 10:18:00

The government is set to reduce borrowing from the country's banking system for September, compared to the current month, to meet the budget deficit partly. The ministry of finance has set the bank b...

No fresh loans for defaulters until Oct 20: HC

FE Report 2019-08-30 10:05:05

The High Court on Thursday ordered the Bangladesh Bank and other banks not to allow the loan defaulters to take out fresh credit until October 20. They are the loan defaulters, who got the opportunit...

Birds have strong ties to climate of habitats: Study

-- 2019-08-29 19:53:19

A study posted on the website of the University of Chicago (UChicago) on Wednesday showed that birds have strong ties to the climate patterns of their habitats, and the geographical distribution of bi...

Malaysia's producer price index falls 2.2 pc in July

-- 2019-08-29 14:58:04

Malaysia's producer price index (PPI) for local production dropped 2.2 per cent year-on-year in July as most sectors posted negative growths, official data showed Thursday. Malaysian Statistics Depar...

Compound interest rate not feasible, says Kamal

FE Report 2019-08-29 10:43:33

Finance minister AHM Mustafa Kamal said on Wednesday the compound interest rate of bank loans is not feasible in modern times. He said the borrowers do not want to pay 14-16 per cent interest in bank...

Facebook acknowledges flaw in Messenger Kids app

-- 2019-08-29 10:35:45

Facebook Inc acknowledged a flaw in its Messenger Kids app, weeks after two US senators raised privacy concerns about the application, and said that it spoke to the US Federal Trade Commission about t...

Chinese gov't debt ratio rises in second quarter

-- 2019-08-28 14:55:20

The Chinese government's leverage ratio edged up in the second quarter (Q2) of 2019 amid efforts to support economic growth and improve weak links. According to NIFD report, the end-June debt ratio f...

Banks’ H1 deposit growth up slightly

Siddique Islam 2019-08-28 10:17:36

The overall deposit growth in the country's banking sector rose but slightly in the first-half (H1) of the current calendar year following a higher remittance inflow. Lower sales of national saving...

Bad loans taking toll on banks’ profit earning

FE Report 2019-08-28 10:03:53

Profitability of the country's banks has declined by around 17 per cent over the last 10 years, mainly due to growth in the volume of bad loans, according to a study report. The bulging non-performin...

RBI bonanza for India govt raises stimulus hopes

Reuters 2019-08-27 14:52:50

The Indian government will receive a windfall from the Reserve Bank of India (RBI) in the current financial year thanks to a much higher-than-expected dividend, allowing Prime Minister Narendra Modi&r...

Dhaka, Tokyo sign MoC on skilled workers recruitment

-- 2019-08-27 14:09:39

Dhaka and Tokyo on Tuesday signed a Memorandum of Cooperation (MoC) on accepting specified skilled workers by Japan from Bangladesh. The document was signed by the Expatriates’ Welfare and Over...

RBA offers $24.5b payout to government

-- 2019-08-27 10:45:33

India's central goverment has offered the country's federal government a payout of 24.5 billion US dollars that include $17.1 billion of surplus and $7.4 billion of excess contingency provision lying...

Climate change adversely affecting sustainability of construction sector: Experts

FE Online Report 2019-08-26 20:39:11

Growing climate change vulnerability especially rising temperature is adversely affecting the sustainability of Bangladesh’s construction and building industry, said experts. The observations c...

'Govt won't refinance state-owned commercial banks anymore'

-- 2019-08-25 20:07:56

The government will not refinance the state-owned commercial banks -- Sonali Bank Ltd, Rupali Bank Ltd, Agrani Bank Ltd and Janata Bank Ltd -- anymore to address their capital crunch. Finance Ministe...

Instagram influencers: Have we stopped believing?

BBC 2019-08-25 18:19:20

Last month, Nashville Instagrammer Tiffany Mitchell posted photographs of herself lying by the side of the road. She wrote that they were taken following a motorbike accident. But after an initial wa...

Bangladesh gets $2.5m export order from Canada exhibition

-- 2019-08-24 20:23:56

Bangladesh readymade garment (RMG) industry has received around $2.50 million export order from the apparel sourcing exhibition, titled Apparel Textile Sourcing Canada (ATSC), held in Toronto of Canad...

Turkey aims to invest in Lebanon: Turkish FM

Xinhua 2019-08-24 18:48:06

Turkish Foreign Minister Mevlut Cavusoglu said in Beirut on Friday that Turkey is highly interested in investing in Lebanon, the National News Agency reported. "Turkish companies want to invest in th...

US new tariff threat a feeble move, shows options running out: analysts

Global Times 2019-08-24 18:27:21

The reckless tariff plans of the US that come after China's forced countermeasure tariffs on Friday showed that the US has gone too far and run out of options to save itself from the awkward situation...

Minister urges Brazil to slash 35pc import duty

-- 2019-08-23 20:20:09

Commerce Minister Tipu Munshi requested the Brazilian government to reduce the existing 35 per cent import duty, so that Bangladeshi readymade garments (RMG) and other items can enter its market. &ld...