Search results for: EC

China to implement policies to boost private investment

FE ONLINE DESK 2022-11-07 10:03:28

China's state planner on Monday issued a notice saying it would further improve the policy environment to encourage the development of private investment, the latest move to prop up the falterin...

IMF team enquires about power tariff of RNPP

M AZIZUR RAHMAN 2022-11-07 08:07:02

The visiting delegation from the International Monetary Fund (IMF) enquired with the country's energy regulator on Sunday about the tariff rate of power to be produced from the Rooppur Nuclear Power...

Dollar price raised again for export proceeds

-- 2022-11-06 23:19:34

The foreign exchange dealers and banks have raised the exchange rate of the US dollar for export proceeds by Tk 0.5 to Tk 100. Afzal Karim, managing director of Sonali Bank and chairman of Bangladesh...

Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

-- 2022-11-06 16:51:04

Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite US sanctions intended to cut Iran off from the global financial system, blockchain data show. Alm...

Musk's Twitter updates app to start charging $8 for blue checkmark

-- 2022-11-06 10:45:18

Twitter on Saturday updated its app in Apple's App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. T...

Sri Lanka's tourism earnings surpass $1b in first 10 months 

-- 2022-11-05 17:38:31

Sri Lanka's tourism earnings in the first 10 months this year surpassed 1.0 billion U.S. dollars, according to the latest data from the country's central bank.  The data showed that the monthly...

India says Xiaomi misled Deutsche Bank on 'illegal' royalty payments

-- 2022-11-05 17:18:47

Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it had no...

Twitter lays off half of its workforce

-- 2022-11-05 11:48:20

Twitter laid off half its workforce on Friday but said cuts were smaller in the team responsible for preventing the spread of misinformation, as advertisers pulled spending amid concerns about content...

Mismatch deemed linked with forex flight

FHM HUMAYAN KABIR 2022-11-05 08:47:02

The correlation between manpower export and remittance inflow shows a mismatch in recent months, arousing apprehension about misdirection of foreign currencies earned by the expatriates. The correlat...

Twitter layoffs starts Friday

-- 2022-11-04 10:06:41

Twitter will tell employees by email on Friday about whether they have been laid off, temporarily closing its offices and preventing staff access, following a week of uncertainty about the company's f...

Farming may up by 7.0pc on weather forecast

MIR MOSTAFIZUR RAHAMAN 2022-11-04 09:28:55

Bangladesh can increase its crop production by at least 7.0 per cent through using weather forecast, experts made this point while talking to The Financial Express. They also noted that farmers can r...

IMF team for fresh hike in fuel oil prices, cutting energy subsidies

FE REPORT 2022-11-04 08:50:06

The visiting team of the International Monetary Fund (IMF) on Thursday suggested the authorities concerned adjust the prices of fuel oils and reduce energy subsidies to cut government spending on this...

BoP deficit widens, forex reserves fall further

JASIM UDDIN HAROON and JUBAIR HASAN 2022-11-04 08:47:37

Bangladesh's balance-of-payments (BoP) deficit widened to nearly US$3.45 billion in the July-September quarter of the current fiscal year, casting further strain on the country's falling foreign-curre...

Microsoft extends free tech support for Ukraine through 2023

-- 2022-11-03 18:50:39

Microsoft Corp said on Thursday it would extend technology support for Ukraine free of charge through 2023, as Russia's invasion of the country drags on. Microsoft said it would provide additional te...

‘US firms keen to explore renewable energy in Bangladesh’ 

-- 2022-11-03 18:46:57

United States (US) Ambassador Peter Hass has said the American companies are very interested to explore clean and renewable energy opportunities in Bangladesh while Washington DC has been providing su...

Bangladesh, Vietnam eye $2.0b trade in 2023

-- 2022-11-03 18:31:46

Vietnamese Ambassador to Bangladesh Pham Viet Chien has expressed optimism that the bilateral trade between the two countries will reach $2.0 billion mark in 2023 when the two countries will celebrate...

Govt's purchase committee approves 17 proposals

-- 2022-11-03 17:45:57

The government has approved separate proposals for procuring fertiliser, 5.50 million litres of soybean oil and 8,000 tonnes of lentil to meet the growing demand of the country.  The approvals c...

Bangladesh, Singapore to start talks to ink FTA this year

REZAUL KARIM 2022-11-03 15:17:04

Bangladesh and Singapore are expected to start negotiations soon to ink a free trade agreement (FTA) within this year, aiming to boost investment and trade between the countries. As part of the move,...

China's gas consumption may post first fall in 20 years

-- 2022-11-03 13:14:57

China's 2022 natural gas consumption may post the first decline in two decades amid a struggling economy, with demand this winter set to rise more modestly than in previous years, state energy officia...

Advertisers begin to grill Musk over Twitter 'free-for-all'

-- 2022-11-03 10:39:50

Elon Musk promised advertisers he would keep Twitter from turning into a "free-for-all hellscape." This week, advertisers are beginning to demand details on how he plans to uphold the commitment. A m...

Fed delivers big rate hike, signals possible smaller increases ahead

FE ONLINE DESK 2022-11-03 10:39:26

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signalled future increas...

Merchandise export earnings declined by 7.85pc in October

FE ONLINE REPORT 2022-11-02 16:53:06

The country's single-month merchandise export earnings in October this year declined by 7.85 per cent to US$ 4.35 billion year-on-year mainly because of the economic slowdown in the European Union cau...

Elon Musk to be new Twitter CEO

-- 2022-11-02 10:46:58

Tesla boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that Wall Street analysts have said could stretch the b...

Musk says Twitter will charge $8/month for blue check mark

FE ONLINE DESK 2022-11-02 10:00:37

Twitter Inc will charge $8 a month for its Blue service, which includes its sought-after "verified" badge, new boss Elon Musk said on Tuesday as he seeks to boost subscriptions and make the soci...

Repair, preventive steps cost rural households US$2.0 billion a year

FE REPORT 2022-11-02 08:55:55

Households in rural Bangladesh spend almost US$2.0 billion yearly on repairing climate-related damage and preventive measures- twice as much as the national government spends and 12 times higher than...

Remittance recedes further as reserves also deplete

JUBAIR HASAN 2022-11-02 08:41:08

Inward remittance continues declining as Bangladesh saw the lowest receipt of foreign currencies from expatriates in eight months to October-in tandem with export fall-even though manpower export has...

IMF suggests BBS to release GDP data quarterly

FE REPORT 2022-11-02 08:38:24

The International Monetary Fund (IMF) on Tuesday suggested Bangladesh Bureau of Statistics (BBS) release quarterly data on gross domestic product (GDP) instead of existing annual reporting practice, o...

Bangladesh BSCIC Bill placed in parliament 

-- 2022-11-01 21:06:55

Bangladesh Small and Cottage Industries Corporation (BSCIC) Bill, 2022 was placed today in parliament to make industrial entities of the organisation more effective.  Industries Minister Nu...

Remittances drop for third month

-- 2022-11-01 20:40:57

Bangladesh's inward remittances have declined for the third month, failing to ease pressure on the dwindling foreign currency reserves. Remittances sent home by Bangladeshis abroad fell 7.3 per cent...

NBR announces November as tax service month

-- 2022-11-01 18:51:19

The National Board of Revenue (NBR) has announced November as the tax service month in a bid to facilitate the submission of tax returns for the year 2022-23. Each of the income tax zones will provid...