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The Financial Express

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NBR wants BEZA to exclude essential goods from tax incentive package

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala 2019-08-06 10:24:51

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package. The...

Authorities meet on 2.0pc incentives for remitters

Authorities meet on 2.0pc incentives for remitters

FE Report 2019-08-06 10:06:04

Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the ban...

Borrowing limit from call money market to increase from September

Borrowing limit from call money market to increase from September

-- 2019-08-05 19:24:43

The Bangladesh Bank has increased the borrowing limit from inter-bank call money market. Financial institutions can borrow maximum 40 per cent of their equity from September 1, 2019, according to a B...

Taiwan July exports seen stable

Taiwan July exports seen stable

-- 2019-08-05 14:13:15

Taiwan’s exports likely rose 0.5 per cent in July from a year earlier, logging a second straight month of growth, according to the median forecast of 15 analysts polled by Reuters. The island&r...

'BB circular soon for implementing single-digit interest rates'

'BB circular soon for implementing single-digit interest rates'

-- 2019-08-04 21:25:48

The Bangladesh Bank will issue a circular immediately asking the scheduled banks to ensure single-digit interest rates on both lending and deposit. Finance Minister A H M Mustafa Kamal made the annou...

Beijing to host World Robot Conference 2019 in August

Beijing to host World Robot Conference 2019 in August

Global Times 2019-08-04 17:54:35

Beijing will host the World Robot Conference 2019 at the end of August, with more than 200 guests from 22 countries and regions expected to attend, the organiser said at the weekend. The fair will f...

Scientists develop shape-changing robot

Scientists develop shape-changing robot

-- 2019-08-04 17:27:39

Scientists in the United States developed a kind of remotely-controlled soft robots that can move to a targeted position and be reconfigured into new shapes, revealing potential applications in biotec...

Lower private sector credit growth to hit investment: FBCCI

Lower private sector credit growth to hit investment: FBCCI

FE Report 2019-08-04 10:50:12

The country's apex chamber on Saturday said the central bank's lower private credit growth target would impact investment, especially in smaller firms. In its reaction to the latest Monetary Policy S...

Projects languish as WB aid for B'desh withers

Projects languish as WB aid for B'desh withers

FHM Humayan Kabir 2019-08-04 09:54:00

At least 10 projects have been suffering from the implementation delays as the World Bank's fund meant for Bangladesh has dried up, officials said. The officials said the Washington-based lender has...

China builds more powerful ‘eyes’ to observe the sun

China builds more powerful ‘eyes’ to observe the sun

Global Times 2019-08-02 19:06:11

Chinese scientists are building new devices to watch the sun from North China, which will enhance China's capability of detecting and forecasting spatial disasters caused by solar variation. Research...

Indonesia’s economy likely to grow 5pc in Q2

Indonesia’s economy likely to grow 5pc in Q2

-- 2019-08-02 14:44:11

Indonesia’s economic growth likely to grow 5.0 per cent in the second-quarter (Q2) as soft commodity prices and weakening global trade continued to hurt exports, a Reuters poll showed on Friday....

NBR forms committee to make list of eligible items

NBR forms committee to make list of eligible items

Doulot Akter Mala 2019-08-02 10:27:15

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exempt...

Poor regulations cost 20pc of GDP: Expert

Poor regulations cost 20pc of GDP: Expert

FE Report 2019-08-02 10:04:56

Bangladesh loses at least 20 per cent of its gross domestic product (GDP) for poor regulations, a regulatory reform expert said on Thursday. "Bangladesh is suffering from low level of regulations a...

BASIC Bank: Kamal threatens to fold losing branches

BASIC Bank: Kamal threatens to fold losing branches

FE Report 2019-08-02 10:01:27

Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender. As the scandal-hit bank is struggl...

BD likely to become second largest recipient of Japanese assistance

BD likely to become second largest recipient of Japanese assistance

-- 2019-08-01 22:49:57

Bangladesh is likely to be the second largest recipient of Japanese assistance after India in the current Japanese fiscal year which starts from April 01. In last Japanese fiscal, Bangladesh was the...

In the eye of his successor

In the eye of his successor

Shah Husain Imam 2019-08-01 14:14:22

The one outstanding feature of Moazzem's professional persona was that he wore many hats. Most people identify him as the founding editor of The Financial Express that grew from a scratch to being a f...

A committed, patriotic editor

A committed, patriotic editor

Mir Nasir Hossain 2019-08-01 14:09:57

We recall with great sorrow that today is the 1st death anniversary of one of our iconic business journalist and the founder Editor of The Financial Express Mr. A. H. M. Moazzem Hossain. A brilliant s...

Trump tariffs ‘backfiring’ on US economy

Trump tariffs ‘backfiring’ on US economy

-- 2019-08-01 13:58:55

US President Donald Trump’s trade war with China is backfiring and impacting the US economy, according to his former chief economic adviser. The tariff battle has had a “dramatic impact&r...

Dev sans inclusiveness meaningless: Dr Rizvi

Dev sans inclusiveness meaningless: Dr Rizvi

FE Report 2019-08-01 12:43:27

The international affairs adviser to the prime minister, Dr Gowher Rizvi, said on Wednesday the country's achievement would be meaningless without inclusive growth. "Whatever we've achieved doesn't c...

BD seeks more British investment

BD seeks more British investment

-- 2019-08-01 12:13:04

Finance Minister AHM Mustafa Kamal has said more British companies should come up with more investment to Bangladesh and take advantage of its young and growing population. He said Bangladesh needs...

Mexico lowers growth projection to 1.1pc

Mexico lowers growth projection to 1.1pc

-- 2019-08-01 11:26:38

Mexico’s Finance Ministry has lowered its growth forecast for 2019 to 1.1pc as evidence mounts that Latin America’s second-largest economy is falling short of the government’s expect...

Subsidy for crop insurance needed for food security

Subsidy for crop insurance needed for food security

FE Report 2019-08-01 10:58:33

Subsidy is required to successfully implement crop insurance system in the country, Dr Shameem Hassan Bhuiyan, a crop insurance expert, told a roundtable at a city hotel on Wednesday. "Crop insurance...

Kamal hopes to recover embezzled bank money

Kamal hopes to recover embezzled bank money

FE Report 2019-08-01 10:20:46

Finance Minister A H M Mustafa Kamal said he will recover the entire volume of money, embezzled from banks by various conglomerates like Hallmark Group. "My standpoint is still the same. We will reco...

Tax revenue collection misses target by Tk 571b

Tax revenue collection misses target by Tk 571b

FE Report 2019-08-01 09:54:19

Tax revenue collection posted an aggregate shortfall of Tk 571 billion in the fiscal year (FY) 2018-19 against its revised target, recording 10.7 per cent growth over the corresponding year. The grow...

A journalist par excellence

A journalist par excellence

Zaidi Sattar 2019-08-01 01:00:51

On 01 August 2018, exactly one year ago, Bangladesh lost one of its finest journalists. At heart and in mind, he was the epitome of what is best in sound journalism. Unassuming to the core and a true...

A journalist's journalist

A journalist's journalist

Sadiq Ahmed 2019-08-01 00:00:00

I first met Moazzem Bhai in 2010 through a common friend Dr. Zaidi Sattar. Zaidi Bhai and I were colleagues at the World Bank and then we started our collaborative endeavour of the Policy Research Ins...

A man who abhorred greed  and pretension

A man who abhorred greed and pretension

Zakir Ahmed Khan 2019-08-01 00:00:00

I first met Moazzem in 1964 when we both got admitted in the Economics Department of Dhaka University as undergraduate students. I met him last in July 2018 at his residence on the eve of his departur...

MPS eyes higher growth

MPS eyes higher growth

Siddique Islam 2019-08-01 00:00:00

The central bank announced on Wednesday "cautiously accommodative" monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures. "Th...

The guiding light that we lost

The guiding light that we lost

Shahiduzzaman Khan 2019-07-31 21:18:32

A long distance call helped change my work plan in the USA. It was Moazzem Hossain from Dhaka. 'What are you doing Shahid over there right now?' he asked. 'Nothing of the sort,' I told him. "I'm wait...

‘Moazzem lived his life wonderfully’

‘Moazzem lived his life wonderfully’

Muhammad Mahmood 2019-07-31 21:10:29

"There is no death daughter, People die only when we forget them'', my mother explained shortly before she left me. ''If you can remember me, I will be with you always''. Isabel Allende in Eva Luna...