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Egypt’s GDP growth likely to slow to 5.5pc: Reuters poll

Egypt’s GDP growth likely to slow to 5.5pc: Reuters poll

-- 2019-07-24 13:03:27

Egypt’s economic growth is expected to slow to 5.5 per cent in the current fiscal year that began this month, below the government’s target, and 5.8 per cent the following year, a Reuters...

Facebook to pay $5b to settle privacy allegations

Facebook to pay $5b to settle privacy allegations

Reuters 2019-07-24 12:05:51

The Federal Trade Commission is set to announce today (Wednesday) that Facebook has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people...

Crop insurance under PPP likely from this FY

Crop insurance under PPP likely from this FY

FE Report 2019-07-24 11:24:55

Crop insurance in haor (wetland) area might begin this fiscal year (FY), 2019-20, under a public-private partnership (PPP) mechanism, said people familiar with this development on Tuesday. In June, t...

BB increases farm loan disbursement target by 10.66pc

BB increases farm loan disbursement target by 10.66pc

-- 2019-07-23 16:28:17

The Bangladesh Bank has raised the agriculture and rural loan disbursement target by 10.66 per cent for the current fiscal year (FY2019-20), compared to the immediate past fiscal year. The central ba...

Computer genius Roopkotha’s game on Google Play

Computer genius Roopkotha’s game on Google Play

-- 2019-07-23 13:57:08

Another feather has been added to the crown of Wasik Farhan Roopkotha, a teenage Bangladeshi computer sensation, as an arcade game developed by him was released recently from Google Play Store. &ldqu...

Singapore core inflation hits over two-yr low

Singapore core inflation hits over two-yr low

-- 2019-07-23 13:22:12

The core inflation of Singapore hit a more than two-year low in June as electricity and gas prices declined, firming bets among economists that its central bank will ease monetary policy in October....

Volume of NPL in SoBs shrinks in Q2, says Kamal

Volume of NPL in SoBs shrinks in Q2, says Kamal

FE Report 2019-07-23 09:42:45

The volume of non-performing loans (NPLs) in the state-owned banks (SoBs) declined in the second quarter of the calendar year 2019, finance minister AHM Mustafa Kamal said on Monday quoting provisiona...

'Govt not to spare anyone involved in bank irregularities'

'Govt not to spare anyone involved in bank irregularities'

-- 2019-07-22 20:58:12

Finance Minister AHM Mustafa Kamal has reiterated that those who are involved in the banking sector irregularities would not be spared.  “We’re already taking steps under the existin...

India launches its second lunar mission successfully

India launches its second lunar mission successfully

-- 2019-07-22 18:07:34

India has successfully launched its second lunar mission a week after it halted the scheduled blast-off due to a technical snag. Chandrayaan-2 was launched at 14:43 local time (09:13 GMT) on Monday f...

Malaysia’s CPI likely to rise at record pace in June

Malaysia’s CPI likely to rise at record pace in June

-- 2019-07-22 14:39:27

Malaysia’s consumer prices likely rose at their fastest pace in more than a year in June, a Reuters poll showed on Monday, as the effects of tax policy changes introduced in 2018 lapsed. Inflat...

Xiaomi makes Fortune Global 500 list

Xiaomi makes Fortune Global 500 list

FE Online Desk 2019-07-22 14:24:38

Xiaomi Corporation has for the first time made the Fortune Global 500 list, nine years after its iteration. The Beijing-based global technology leader announced this in a media statement received tod...

Writing off bad loans: Bankers want it to be a judgement call

Writing off bad loans: Bankers want it to be a judgement call

Siddique Islam 2019-07-22 09:51:29

Country's top bankers Sunday proposed amending the existing loan write-off policy so that they could rid themselves of bad loans that, according to them, were not recoverable, officials said. Under t...

NBR earns Tk 24.13b through ADR in two fiscal years

NBR earns Tk 24.13b through ADR in two fiscal years

-- 2019-07-21 20:29:56

The National Board of Revenue (NBR) earned Tk 24.13 billion in the last two fiscal years by disposing of some 345 revenue-related cases through the Alternative Dispute Resolution (ADR) system. Accord...

Speakers stress coordination between academicians and policy makers to achieve SDGs

Speakers stress coordination between academicians and policy makers to achieve SDGs

-- 2019-07-21 18:29:59

South Asian Network on Economic Modeling (SANEM) SDG Centre hosted its first workshop on “Three Pillars of Sustainable Development Goals (SDGs)” on July 20, 2019 at SANEM office, Dhaka. T...

Lebanon passes ‘reforming’ 2019 budget

Lebanon passes ‘reforming’ 2019 budget

-- 2019-07-20 13:34:41

Lebanon’s parliament passed a “reforming” 2019 state budget on Friday, Prime Minister Saad al-Hariri said. However, the Prime Minister did not give any details on its deficit target...

Ministry sends biotechnology policy draft to cabinet soon

Ministry sends biotechnology policy draft to cabinet soon

Talha Bin Habib 2019-07-20 10:50:25

The Ministry of Industries (MoI) has prepared a draft of the Industrial Biotechnology Policy Guidelines 2019 with an objective to explore and utilise biotechnological knowledge for ensuring due contri...

France to coordinate talks to pick next IMF chief

France to coordinate talks to pick next IMF chief

-- 2019-07-19 20:29:20

France will coordinate European talks on the choice of the next managing director of the International Monetary Fund with the aim to find a candidate by the end of the month. French Finance Minister...

UK budget deficit swells in Q1 of 2019/20 tax year

UK budget deficit swells in Q1 of 2019/20 tax year

-- 2019-07-19 16:01:33

Britain’s budget deficit swelled in the first quarter of the tax year due to higher debt interest payments and rising spending on services, placing the public finances on a less solid footing ah...

Revenue officials greet DCs' offer  with concern

Revenue officials greet DCs' offer with concern

FE Report 2019-07-19 09:44:43

The revenue officials have strongly opposed the recent proposal of the deputy commissioners (DCs) under administration cadre to involve them in the government's tax revenue collection process. Both B...

BOK cuts interest rate for first time in three years

BOK cuts interest rate for first time in three years

-- 2019-07-18 12:12:20

The Bank of Korea, the central bank of the Republic of Korea, on Thursday cut its policy rate for the first time in three years, and shaved this year’s growth forecast to the lowest in a decade....

PFC accounts can be used to make import payment

PFC accounts can be used to make import payment

FE Report 2019-07-18 11:43:41

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said. "….funds from PFC accounts may...

Developing Asia to meet growth outlook despite trade war: ADB

Developing Asia to meet growth outlook despite trade war: ADB

Reuters 2019-07-18 11:30:43

The Asian Development Bank said on Thursday developing Asia is on track to meet the lender’s growth expectations for this year and next, even as trade tensions between the United States and Ch...

Robust financial sector can be fourth driver of BD economy: ADB

Robust financial sector can be fourth driver of BD economy: ADB

-- 2019-07-17 19:11:26

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of t...

Apollo 11 Astronaut Michael Collins returns to launch site on 50th anniversary

Apollo 11 Astronaut Michael Collins returns to launch site on 50th anniversary

-- 2019-07-17 16:13:51

Michael Collins, 88, one of the surviving crew members of the first manned mission to the Moon - Apollo 11 - has returned to the site where the mission set off 50 years ago. He visited Florida's Kenn...

Singapore exports fall as electronics slump

Singapore exports fall as electronics slump

-- 2019-07-17 11:22:55

Singapore’s exports fell more than expected in June, marking their biggest decline in six years, as the city-state struggles against tepid global demand and the Sino-US trade war. The grim trad...

Import growth 6.0pc in July-May of FY '19

Import growth 6.0pc in July-May of FY '19

FE Report 2019-07-17 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir 2019-07-17 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...

Computer password inventor dies at 93

Computer password inventor dies at 93

-- 2019-07-16 18:22:13

Computer pioneer Fernando Corbato, who first used passwords to protect user accounts, has died aged 93. Dr Corbato introduced the basic security measure while developing methods that let more people...

ECNEC approves eight projects worth Tk 51.42b

ECNEC approves eight projects worth Tk 51.42b

-- 2019-07-16 16:07:31

The Executive Committee of the National Economic Council (ECNEC) has approved eight projects involving an estimated cost of Tk 51.42 billion. Among the nine projects, the ECNEC approved Tk 26.06 bill...

NASA shake-up in new race to the moon

NASA shake-up in new race to the moon

-- 2019-07-16 13:12:39

As NASA scrambles to meet US President Donald Trump’s mandate to return humans to the moon by 2024, two longtime heads of NASA’s human exploration wing were demoted Wednesday in a slew of...