Search results for: EC

Singapore’s fake news law may stunt innovation, Google says

-- 2019-05-09 10:59:00

Google said on Thursday an anti-fake news law passed by Singapore’s parliament could stunt innovation, a quality that the city-state wants to nurture under plans to expand its tech industry. Si...

Fresh guideline soon on loan rescheduling

FE Report 2019-05-09 10:33:32

Finance Minister A H M Mustafa Kamal said the central bank will issue a revised guideline soon on default loan rescheduling. "What we've pledged so far (on rescheduling of default loans) will be st...

China 'to keep calm' in face of trade talk challenges

Reuters 2019-05-08 13:56:43

China will keep calm against threats of higher tariffs from the United States and has “complete confidence” in its ability to face challenges in trade talks, a commentary in China’s...

New-look VAT law: NBR’s gap with FBCCI widens

Doulot Akter Mala 2019-05-08 09:30:54

The apex trade body of the country has termed the Value Added Tax (VAT) and Supplementary Duty (SD) Act-2012, as it is in its present form after changes to it, still 'not prepared' and 'much-lingered'...

Singapore central bank mulls virtual banks

-- 2019-05-07 19:09:38

Singapore’s central bank said it is studying whether to allow financial technology firms to operate digital-only banks in the city-state, as regulators in other Asian markets begin issuing virtu...

Drive for economic growth puts one million species at risk of extinction

-- 2019-05-07 17:58:20

One million animal and plant species are at imminent risk of extinction due to humankind’s relentless pursuit of economic growth, scientists said on Monday in a landmark report on the devastatin...

Plan to export 1.0m tonnes of surplus Boro rice

-- 2019-05-07 16:54:03

The government is planning to export around 1 million tonnes of surplus Boro rice after meeting the domestic demand, Agriculture Minister Abdur Razzaque said on Tuesday. The government will hold a di...

'BD needs benefits to manage post-LDC transition'

FE Report 2019-05-07 10:29:06

Graduating least developed countries (LDCs), including Bangladesh, need preferential benefit to manage the transition, speakers at a programme said Monday. Graduation from LDCs is special for Banglad...

Indonesia Q1 GDP growth misses forecast

-- 2019-05-06 14:01:18

Indonesia’s economy expanded more slowly than expected in the first quarter (Q1) of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum....

Lower pvt credit flow may slow economic growth

Siddique Islam 2019-05-06 09:21:17

The private-sector credit growth decelerated further in March as private banks faced liquidity pressure due mainly to lower deposits, bankers said. The growth in credit flow to the private sector cam...

ADB pledges climate adaptation support

FHM Humayan Kabir, from Nadi, Fiji 2019-05-05 09:33:38

The 52nd Annual Meeting of the Asian Development Bank (ADB) ended here on Saturday with a pledge to accelerate the Bank's support to climate adaptation and ensure sustainable development. The board o...

VAT collection under threat from fake e-BIN holders

Doulot Akter Mala 2019-05-05 09:32:23

The customs intelligence has recently identified a number of commercial entities that have procured electronic BINs (business identification numbers) posing as manufacturers to evade due duty and taxe...

Public debt on the rise

Jasim Uddin Haroon 2019-05-04 10:56:14

The government debt went on rising in the year 2018 mainly due to an increased sale of the national savings certificates (NSCs). The debt rose to 32.5 per cent of the gross domestic product (GDP) i...

ADB now accentuates quality, innovation

FHM Humayan Kabir, from Nadi, Fiji 2019-05-04 10:40:46

Asian Development Bank (ADB) President Mr Takehiko Nakao said on Friday they would focus more on quality and innovation in its operations. He announced that the ADB would boost its private-sect...

Google spends hundreds of millions of dollars on content review

-- 2019-05-03 18:48:04

Alphabet Inc's Google unit told a US House panel it spends hundreds of millions of dollars annually on content review and said it manually reviewed more than one million suspected "terrorist videos" o...

Drone delivers kidney to US surgeons

-- 2019-05-03 17:07:37

A donor kidney has been delivered to surgeons at a US hospital via drone, in the first flight of its kind. Many see huge potential for unmanned aircraft systems (UAS) delivering medical products, wit...

Malaysia’s March exports fall 0.5pc y/y

-- 2019-05-03 14:47:43

Malaysia's exports fell 0.5 per cent year-on-year to about 20.29 billion US dollars (84.05 billion ringgit), official data showed Friday. The Malaysian International Trade and Industry Ministry said...

China on track to become largest economy by 2030

Shahiduzzaman Khan back from Beijing 2019-05-03 11:59:58

Since initiating market reforms in 1978, China had shifted from a centrally-planned economy to a more market-based one and subsequently experienced rapid economic and social development. The country'...

BD needs more FDI to continue dev activities: NBR chief

FE Report 2019-05-03 10:11:42

National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said that Bangladesh has adopted an equitable tax policy for all and no foreign investors face discrimination here. In order to cont...

Remittance inflow rises 10pc in Jul-Apr period

Siddique Islam 2019-05-03 09:57:23

The flow of inward remittances grew by 10.01 per cent in the first 10 months of this fiscal year (FY) as the exchange rate of local currency maintained a depreciating mode against the US dollar. Th...

Ancient humans lived at high altitudes

-- 2019-05-02 19:17:13

Scientists have found evidence that an ancient species of human called Denisovans lived at high altitudes in Tibet. The ability to survive in such extreme environments had previously been associated...

Fed holds rate steady despite Trump pressure

-- 2019-05-02 13:51:36

The US Federal Reserve has left interest rates unchanged despite pressure from President Donald Trump to lower rates and boost economic growth. The Federal Open Market Committee, the Fed's policy-mak...

'ADB support for BD to continue after LDC graduation'

FHM Humayan Kabir from Nadi, Fiji 2019-05-02 13:05:36

The Asian Development Bank will extend its support to Bangladesh even after its graduation to a developing country, said its president Takehiko Nakao on Thursday. Praising Prime Minister Sheikh Hasin...

Facebook settlement with US may include privacy oversight

Reuters 2019-05-02 11:10:46

Facebook and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safegu...

Nuclear energy can play instrumental role in achieving Agenda 2030: Momen

-- 2019-05-01 22:07:15

  Permanent Representative (PR) of Bangladesh to the UN Ambassador Masud Bin Momen has said nuclear energy can play an instrumental role in achieving the Sustainable Development Goals, reports U...

Boeing says optional 737 MAX alert was 'not activated as intended'

-- 2019-05-01 20:39:38

  SINGAPORE: Boeing Co said an alert for angle-of-attack (AOA) sensors on its 737 MAX jets was "not activated as intended" for some customers, responding to reports it failed to tell Southwest A...

China, US hold 'productive' trade talks in Beijing

-- 2019-05-01 20:10:13

  BEIJING: China and the United States held "productive" trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, a...

Fossil of 85-foot blue whale is largest ever discovered

-- 2019-05-01 19:39:09

The blue whale is not only the largest animal alive today, it is the largest one that has ever lived, reports MSN.com. Now, analysis of a fossil found on the shore of an Italian lake hints at when,...

BD needs to enhance project implementation capacity: ADB

FHM Humayan Kabir from Nadi, Fiji 2019-05-01 18:51:01

The Asian Development Bank (ADB) on Wednesday said Bangladesh needs to enhance its project implementation capacity to get extended financial support from the bank. “Bangladesh is doing well in...

Lanka’s tourism sector counts financial toll of Easter attacks

-- 2019-05-01 16:46:04

  Sri Lankan hotelier Roman Scott swung into crisis mode after the Easter Sunday attacks, driving across the island to make sure his employees and guests were safe. “First you go through...