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The Financial Express

Search results for: EC

Myanmar attracts $2.4b foreign investments in 7 months of FY 2018-19

Myanmar attracts $2.4b foreign investments in 7 months of FY 2018-19

-- 2019-05-23 15:32:57

Myanmar has attracted over 2.41 billion US dollar foreign investments in the first seven months of the present fiscal year 2018-2019, according to the DICA. The Directorate of Investment and Company...

ADB provides $400m loan for Ctg-Cox’s Bazar rail link

ADB provides $400m loan for Ctg-Cox’s Bazar rail link

-- 2019-05-23 13:47:44

Bangladesh signed a deal with Asian Development Bank (ADB) on Thursday for a $400 million loan to connect Chattogram and Cox's Bazar by rail. Its goal is to promote trade, investment and tourism in B...

Indian stocks hit record highs with Modi set for big win

Indian stocks hit record highs with Modi set for big win

-- 2019-05-23 12:32:55

Indian stock markets hit record highs while the rupee and bonds rallied as early vote counting in general elections showed the ruling National Democratic Alliance with Narendra Modi at the helm winnin...

BB doubles deferred payment period for power cos

BB doubles deferred payment period for power cos

Siddique Islam 2019-05-23 09:47:40

The central bank has doubled the deferred payment period for import of raw materials only for the power generating enterprises to help ease the pressure on foreign exchange market, officials said. Un...

Scientists say sea level rise could be bigger than expected

Scientists say sea level rise could be bigger than expected

-- 2019-05-22 18:13:09

Scientists believe that global sea levels could rise far more than predicted, due to accelerating melting in Greenland and Antarctica. The long-held view has been that the world's seas would rise by...

Vodafone UK drops Huawei handset from 5G launch pre-orders

Vodafone UK drops Huawei handset from 5G launch pre-orders

-- 2019-05-22 18:04:11

Vodafone UK said on Wednesday it had dropped a Huawei 5G smartphone from pre-orders for its new service starting in July, because of uncertainty about long-term support and services for the device. &...

Russian economy to grow 1.3pc in 2019, says minister

Russian economy to grow 1.3pc in 2019, says minister

-- 2019-05-22 12:02:56

Russian economy will grow by 1.3 per cent for the year of 2019 as expected, Economic Development Minister Maxim Oreshkin said on Tuesday, refuting an outlook of recession. Russia's GDP growth outlo...

Tk 2.03t ADP gets NEC nod for FY'20

Tk 2.03t ADP gets NEC nod for FY'20

-- 2019-05-21 14:08:07

The government has approved Tk 2.03 trillion Annual Development Programme (ADP) for the next fiscal year (FY 2019-20), beginning July 1. The figure is 17.18 per cent higher than the current year&rsqu...

Australia central bank signals rate cut in June

Australia central bank signals rate cut in June

-- 2019-05-21 11:29:25

The Reserve Bank of Australia (RBA), the central bank of Australia, would consider cutting interest rates next month to support the economy, Governor Philip Lowe said on Tuesday. Mr Lowe said that...

NEC set to endorse Tk 2.02t ADP for FY ’20

NEC set to endorse Tk 2.02t ADP for FY ’20

FE Report 2019-05-21 09:29:47

The government is going to approve today (Tuesday) a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, allocating the highest fund to the transport sector, of...

Govt revises down tax collection target

Govt revises down tax collection target

Doulot Akter Mala 2019-05-21 09:25:42

The government has revised the tax collection target downward to Tk 2.80 trillion for the current fiscal year following lacklustre trend in receipts, people familiar with the development said. The or...

NEC likely to approve original ADP outlay for next fiscal

NEC likely to approve original ADP outlay for next fiscal

-- 2019-05-20 18:14:30

A draft of Tk 2.02 trillion Annual Development Programme (ADP) outlay for the upcoming fiscal year will be placed before the National Economic Council (NEC) on Tuesday. Prime Minister Sheikh Hasina w...

Huawei will continue security support for Android smartphones

Huawei will continue security support for Android smartphones

-- 2019-05-20 16:19:22

Huawei will continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system. But it did not say what would hap...

Tax holiday creates 29,000 jobs in 46 yrs

Tax holiday creates 29,000 jobs in 46 yrs

FE Report 2019-05-20 09:38:28

The existing tax holiday facility is inadequate to attract investments and generate employment optimally, speakers said Sunday. They said restrictions on the sector selection, complex procedures and...

Bangabandhu-1 starts commercial operation

Bangabandhu-1 starts commercial operation

-- 2019-05-19 21:58:22

One year after its launching, Bangladesh's first geostationary communications satellite Bangabandhu-1 started its commercial operation on Sunday with some television channels taking its services. Own...

Call to earmark Tk 7.0b for ICT business in upcoming budget

Call to earmark Tk 7.0b for ICT business in upcoming budget

FE Online Report 2019-05-19 20:37:30

The ICT businesses called upon the government to allocate Tk 5.0 billion for ‘Technical Assistant’ (TA) project and Tk 2.0 billion as ICT development fund in the upcoming national budget....

Stakeholders 'not fully ready' for 5G mobile network launch

Stakeholders 'not fully ready' for 5G mobile network launch

FE Report 2019-05-19 16:36:52

The government is not well prepared for its move to offer the 5G mobile phone internet service in the country, speakers said at a discussion on Friday. They said the government is keen to launch the...

China to take special measures to counter downward pressure

China to take special measures to counter downward pressure

-- 2019-05-18 19:26:28

China will take specific measures to counter downward pressure on the economy, stabilise the job market and help manage market expectations, as the country prepares for a potentially protracted trade...

Huawei activates backup chipsets

Huawei activates backup chipsets

-- 2019-05-18 18:38:54

US export controls have not frightened Chinese tech giant Huawei Technologies, but rather inspired Chinese people to stay resilient amid the China-US trade spat, as reflected in Huawei's announcement...

Bedbugs more ancient than dinosaurs

Bedbugs more ancient than dinosaurs

-- 2019-05-18 17:17:52

A study that began as an investigation into the "utterly bizarre" way in which bedbugs reproduce has revealed they have existed for far longer than humans. DNA samples from 30 species of bedbug revea...

Five projects to eat up half of sub-sector's outlay

Five projects to eat up half of sub-sector's outlay

FHM Humayan Kabir 2019-05-18 10:49:52

Five large road transport projects will alone eat up nearly half the sub-sector's outlay, which officials say will affect the implementation of other projects in the next fiscal year (FY). The road t...

Concessions to loan defaulters draw mixed reactions

Concessions to loan defaulters draw mixed reactions

-- 2019-05-18 09:56:49

The Bangladesh Bank's (BB) decision to offer concessions to loan defaulters and good borrowers to reduce the substantial amount of non-performing loans (NPL) has received mixed reaction from economist...

Boeing completes 737 Max software update

Boeing completes 737 Max software update

-- 2019-05-17 19:45:57

Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months. The US firm announced that it had flown the 737 Max with...

Spl arm planned to check mis-invoicing: Kamal

Spl arm planned to check mis-invoicing: Kamal

FE Report 2019-05-17 13:42:45

Finance minister AHM Mustafa Kamal now plans to set up a special cell at the National Board of Revenue (NBR) to check money laundering through over and under-invoicing. "…to check over pricing...

BOJ may keep low rates well over year: Kuroda

BOJ may keep low rates well over year: Kuroda

-- 2019-05-17 13:31:51

The Bank of Japan (BOJ) may maintain ultra-low rates for a further period of well over a year, the central bank Governor Haruhiko Kuroda said on Friday. However, he warned against the idea of proppin...

BB offers spl facility to loan defaulters

BB offers spl facility to loan defaulters

FE Report 2019-05-17 09:26:59

The central bank offered a special facility to loan defaulters on Thursday, allowing them to reschedule loans by paying 2.0 per cent down payment for a maximum period of 10 years. Economist and banke...

Industrial hubs unplanned

Industrial hubs unplanned

Kamrun Nahar 2019-05-17 09:24:45

The government's industrial zones are being implemented in an unplanned way, at considerable cost to life, livelihood and the environment, rights groups alleged. They fear at least one million people...

Govt eyes 10m taxpayers: Kamal

Govt eyes 10m taxpayers: Kamal

FE Report 2019-05-16 11:10:01

Finance Minister A H M Mustafa Kamal said the government has a plan to raise the number of taxpayers to 10 million by the next fiscal year (FY), 2019-20. "Now the number of eligible taxpayers in the...

Brazilian economy fall 0.68pc in Q1

Brazilian economy fall 0.68pc in Q1

-- 2019-05-16 11:03:15

Brazil's economy fell 0.68 per cent in the first quarter of 2019 compared to the final quarter of 2018, according to a preliminary report released Wednesday by the country’s central bank. The E...

SpaceX postpones launch of 60 Starlink satellites

SpaceX postpones launch of 60 Starlink satellites

Reuters 2019-05-16 10:54:09

Billionaire Elon Musk’s SpaceX postponed a planned Wednesday night (US local time) blastoff of a Falcon 9 rocket carrying the first 60 satellites for his new Starlink internet service, citing...