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Facebook removes dozens of accounts from Myanmar

Facebook removes dozens of accounts from Myanmar

Reuters 2019-08-22 13:09:01

Facebook said on Thursday it had shut 216 social media pages, groups, and accounts in Myanmar, some tied to the army, to stymie efforts to “manipulate or corrupt public debate”. The compa...

Govt borrows Tk 230b from banks in 35 days

Govt borrows Tk 230b from banks in 35 days

Siddique Islam 2019-08-22 10:57:56

The government borrowed nearly Tk 230 billion from the country’s banking system in the first 35 days of the current fiscal year (FY), 2019-20, to finance its budget deficit partly, officials sai...

Bankers hawk hedging as  trade war hits China’s yuan

Bankers hawk hedging as trade war hits China’s yuan

-- 2019-08-21 23:06:58

In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build...

BIDA launches massive hunt for entrepreneurs

BIDA launches massive hunt for entrepreneurs

-- 2019-08-21 21:19:20

The Bangladesh Investment Development Authority  (BIDA) has launched an innovative campaign across the country to bring out potential entrepreneurs for fostering investments and generating jobs....

Wall Street flashes recession warning as trade war backfires on US economy

Wall Street flashes recession warning as trade war backfires on US economy

Xinhua 2019-08-21 17:29:29

The Wall Street has sent warning signs of a possible economic recession ahead as the trade war continues to take a toll on American businesses, farmers and the overall economy. The slowing economy co...

World Robot Conference kicks off in Beijing

World Robot Conference kicks off in Beijing

Xinhua 2019-08-21 12:57:07

Cutting-edge robotic technologies and products are being displayed at the 2019 World Robot Conference that kicked off on Tuesday (August 20) in Chian's Beijing. This year's conference features a seri...

German employment up 1.0pc in Q2

German employment up 1.0pc in Q2

Xinhua 2019-08-21 12:29:35

The number of people in employment in Germany grew year-on-year by 1.0 per cent in the second quarter of 2019 to a total of 45.2 million people, the German Federal Statistical Office (Destatis) announ...

Inflation inches up in July

Inflation inches up in July

FE Report 2019-08-21 10:07:08

The country's point-to-point inflation was recorded at 5.62 per cent in July, the first month of the current fiscal year (FY), 2019-20, showing a rising trend, according to official data. In July...

Huawei expands global 5G footprint

Huawei expands global 5G footprint

Global Times 2019-08-20 18:38:55

UK mobile operator Three launched its first 5G broadband service on Monday, using Huawei wireless gear, making it the third UK carrier to use the Chinese telecommunications giant's products despite th...

Zimbabwe to borrow $1.9b from G7 countries to repay its debt

Zimbabwe to borrow $1.9b from G7 countries to repay its debt

Xinhua 2019-08-20 13:38:02

Zimbabwe plans to borrow 1.9 billion US dollars from the Group of 7 industrialised states to clear its debts to the African Development Bank (AfDB) and the World Bank, Finance Minister Mthuli Ncube ha...

Twitter, Facebook shut Chinese accounts targeting HK protests

Twitter, Facebook shut Chinese accounts targeting HK protests

-- 2019-08-20 11:57:49

Twitter Inc and Facebook Inc said on Monday they had dismantled a state-backed social media campaign originating in mainland China that sought to undermine protests in Hong Kong. Twitter said it susp...

$500m infrastructure investment fund likely

$500m infrastructure investment fund likely

Syful Islam 2019-08-20 10:47:03

A US$500 million fund is likely to be created with contributions from the government, bourses, banks and financial institutions to invest in various infrastructures, officials said. The private s...

FY'19 trade gap narrows

FY'19 trade gap narrows

Asjadul Kibria 2019-08-20 09:44:49

The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on Monday. The latest statistics sho...

China's Guangxi sees robust growth in foreign trade

China's Guangxi sees robust growth in foreign trade

Xinhua 2019-08-19 15:16:03

South China's Guangxi Zhuang Autonomous Region saw its foreign trade volume reach 264.14 billion yuan ($37.51 billion) in the first seven months of the year, up 23.8 per cent year on year, local autho...

Korea keen to invest in 10 PPP projects

Korea keen to invest in 10 PPP projects

Munima Sultana 2019-08-18 10:21:12

Korea has shown interest to invest in 10 public-private partnership (PPP) projects in the aviation, rail and power sectors under government-to-government arrangements. However, Bangladesh sought...

China to lower real interest rates

China to lower real interest rates

Xinhua 2019-08-17 17:42:13

China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided...

Farmers, economy face onslaught

Farmers, economy face onslaught

Sajibur Rahman 2019-08-17 17:25:15

Outbreak of severe foot and mouth disease (FMD) of cattle across the country has been severely causing immense economic loss to the farmers as it is increasing drastically year-on-year basis, accordin...

Bank of Mexico to cut interest rate

Bank of Mexico to cut interest rate

-- 2019-08-17 12:59:41

Mexican President Andres Manuel Lopez Obrador on Friday endorsed a benchmark interest rate cut in a bid to stimulate the economy. In his daily press conference, the president said cutting the interes...

Tk 4.95b farm loans of six SoBs stuck in court cases

Tk 4.95b farm loans of six SoBs stuck in court cases

FE Report 2019-08-17 10:51:42

At least Tk 4.95 billion (495 crore) of six state-owned banks (SoBs) remained stuck against 157,273 cases filed to recover the money from farm loan borrowers, statistics show. Between January 1991 an...

Govt moves to allow all banks to handle Challan transactions

Govt moves to allow all banks to handle Challan transactions

Jasim Uddin Haroon 2019-08-17 10:15:51

All the 59 commercial banks are likely to be allowed to handle "challan" that serves as the biggest instrument of submitting money to the public exchequer. The Finance Division, which has been work...

ECB shuts down its hacked website

ECB shuts down its hacked website

-- 2019-08-16 12:44:54

The European Central Bank (ECB) shut down one of its websites on Thursday after it was hacked and infected with malicious software. The lender said no market-sensitive data had been compromised durin...

Japan becomes largest foreign holder of US Treasuries

Japan becomes largest foreign holder of US Treasuries

-- 2019-08-16 11:17:36

Japan overtook China to become the largest foreign holder of US Treasuries in June, with its holdings at the highest level in nearly three years, US Treasury Department said on Thursday. Japan's hold...

Govt drafts policy to curb FDI in tobacco industry

Govt drafts policy to curb FDI in tobacco industry

Syful Islam 2019-08-16 10:46:46

The government is planning to restrict foreign direct investments (FDI) in the tobacco sector so that the supply of the harmful elements can be curtailed, officials said. The draft National Tobacco C...

WB suggests exploring new lending option

WB suggests exploring new lending option

FHM Humayan Kabir 2019-08-16 10:39:59

The World Bank (WB) has suggested Bangladesh avail new funding opportunity -- 'credit guarantee' -- for financing the country's development projects, officials said. Borrowing money for the credit gu...

Over 90pc businesses risk losing BINs

Over 90pc businesses risk losing BINs

Doulot Akter Mala 2019-08-16 10:36:41

Some 150,000 businesses accounting for over 90 per cent risk losing identification numbers for the non-compliance with the revenue board's directive to update their VAT registration information within...

Remittance inflow reaches $716m in nine days before Eid

Remittance inflow reaches $716m in nine days before Eid

-- 2019-08-15 21:59:48

Expatriate Bangladeshis have sent home an increased amount of money home before the Eid-ul-Azha, taking the figure in the first nine days of August to $716.2 million. Bankers also believe the governm...

Plan to reconcile revenue collection data faces blow

Plan to reconcile revenue collection data faces blow

Doulot Akter Mala 2019-08-15 10:39:12

The effort to reconcile data of aggregate revenue collection between revenue board and Controller General of Accounts (CGA) faced a blow due to flaws in the accounts system, known as 'iBAS++'. Offici...

US labelling China as currency manipulator not true: Scholar

US labelling China as currency manipulator not true: Scholar

-- 2019-08-14 17:28:07

The US assertion that the recent depreciation of the Chinese yuan against the US dollar amounts to currency manipulation is not true, a US scholar has said, reports Xinhua. It would be more correct t...

EU slaps biodiesel duties on Indonesia

EU slaps biodiesel duties on Indonesia

-- 2019-08-14 10:41:57

The European Commission on Tuesday imposed countervailing duties of 8.0 per cent to 18 percent on imports of subsidised biodiesel from Indonesia. The move aimed to restore a level playing field for E...

Oil prices fall on demand concerns, rising US output

Oil prices fall on demand concerns, rising US output

-- 2019-08-13 15:58:44

Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support, reports Reuters. Brent...