Search results for: EC

Apple to contribute to US teen's education for spotting FaceTime bug

-- 2019-02-08 16:01:53

Apple Inc on Thursday rolled out software updates to iPhones to fix a privacy issue in its FaceTime video calling service, and said it would contribute toward the education of the Arizona teenager who...

China's PPP projects drive $2t investment in 2018

-- 2019-02-08 14:54:51

China’s public-private partnership (PPP) projects drove13.2 trillion yuan (about 2 trillion US dollars) investment by the end of 2018, an official data showed. According to the China Public Pri...

PC under stress to add fresh projects to RADP

FHM Humayan Kabir 2019-02-08 11:11:38

The Planning Commission (PC) is being pressurised to include fresh unapproved projects in the upcoming revised annual development porgrmmme (RADP) for the current fiscal year (FY), 2018-19, defying th...

RBI reduces repo rate by 25 points

-- 2019-02-07 16:12:37

The Reserve Bank of India (RBI) has reduced the repo rate, or the interest rate at which it lends money to banks, by a marginal 25 basis points. The new repo rate now stands at 6.25 per cent from the...

BD trade deficit in H1 narrows slightly

-- 2019-02-07 13:57:39

Bangladesh's trade deficit narrowed slightly in the first half (H1) of the current 2018-19 fiscal year (July 2018-June 2019) on the back of an increase in exports, said a central bank official on Wedn...

New Zealand's unemployment rate jumps to 4.3pc

-- 2019-02-07 13:36:15

New Zealand's unemployment rate rose to 4.3 per cent in the December 2018 quarter, up from 4.0 per cent last quarter, the country's statistics department Stats NZ said on Thursday. The unemployment r...

Bees can solve basic maths problems: Study

-- 2019-02-07 13:24:59

A study released on Thursday has shown that bees, despite their tiny brains, are able to solve basic addition and subtraction problems - a stunning feat considering the level of cognition required for...

Trump nominates WB critic to take its helm

-- 2019-02-07 10:57:36

US President Donald Trump said on Wednesday that the World Bank Group should be led by US Treasury official David Malpass, a Trump loyalist and critic of multilateral institutions who has vowed to pur...

BD received $28b foreign investments in five years

-- 2019-02-06 20:55:56

Bangladesh received more than $28 billion in investment from 45 countries in the last five years with China investing the highest amount of $8107 million. Foreign Minister Dr AK Abdul Momen revealed...

Export earnings register 13.39pc growth in July-Jan period

-- 2019-02-06 20:25:49

The country’s export earnings maintained its positive trend with a healthy 13.39 per cent growth during the first seven months of the current fiscal year (FY19) totalling $24,179.59 million. Th...

Poland mulls investing $1.0b in mining sector

-- 2019-02-06 16:49:55

Poland’s first Deputy Minister of Energy Grzegorz Tobiszowski on Wednesday said the Polish government is ready to invest US$ 1.0 billion in Bangladesh, mainly in mining sector including coal min...

ADB approves $50m loan for microenterprise dev

-- 2019-02-06 16:06:20

The government and the Asian Development Bank (ADB) have signed an agreement for $50million in loan to promote microenterprise development for inclusive economic growth and poverty reduction. The ass...

Debt cancellation unit mandatory to recover write-off loans: BB

FE Online Report 2019-02-06 14:25:14

All scheduled banks in the country have to create a separate debt cancellation unit to recover write-off loans. Bangladesh Bank has issued the instruction today (Wednesday) in its latest circular on...

Puerto Rico restructuring deal gets court approval

FE Online Desk 2019-02-06 12:26:49

Puerto Rico, a Caribbean island and unincorporated US territory, has received the approval of a deal to restructure $17.0 billion of the island’s $72.0 billion debt. Judge Laura Taylor Swain ap...

Mongla to host economic zone for India

-- 2019-02-06 10:43:02

Dhaka is set to sign a memorandum of understanding (MoU) with New Delhi on February 8 to set up an Indian Economic Zone in Mongla, Bagerhat. The NIDAR Industrial Park Pune (Pvt) Ltd., a sister concer...

Cyber attacks continue to rise in Bangladesh

Yasir Wardad 2019-02-06 10:32:32

The incidents of cyber attacks continue to rise at different commercial and service-providing outlets in the country despite taking various preventive measures. As the country achieved a good progres...

Hunt is on for way to ease NPL pressure

Siddique Islam 2019-02-06 10:29:07

The central bank is trying to find a way out to ease pressure of defaulted loans that have already reached an alarming level in the country's banking system. It has already formed three committees to...

RBI likely to change monetary policy stance

-- 2019-02-05 14:20:17

The Reserve Bank of India (RBI) is likely to change its monetary policy stance to “neutral” from “calibrated tightening” on Thursday and move closer to a rate cut in April. A...

Crypto exchange founder's death locks $140m

-- 2019-02-05 13:12:29

Canada's largest cryptocurrency exchange is unable to access millions in digital currency following the sudden death of its founder. Quadriga has filed for creditor protection and estimates that abou...

Import expenses exceed $30b mark in H1

Siddique Islam 2019-02-05 09:21:38

Bangladesh's import expenses exceeded the US$30 billion mark in the first half (H1) of the current financial year (FY), 2018-19, on the back of higher imports of intermediate goods. The overall impor...

Tax rates, fiscal measures to be consistent: Kamal

Doulot Akter Mala 2019-02-04 09:57:09

Finance Minister AHM Mustafa Kamal on Sunday pledged to maintain consistency in tax rates and other fiscal measures and frame a simple budget from the next fiscal year (FY). In a meeting with income...

Remittance hits record high in January

-- 2019-02-03 19:11:23

Bangladeshi migrant workers sent a record amount of remittance home in January. They sent $1.59 billion in inward remittances to Bangladesh in the first month of the year, a new monthly record. The a...

Call to embrace export-led development to boost economy

FE Online Report 2019-02-03 16:55:32

The governor of Bangladesh Bank (BB) Fazle Kabir on Saturday stressed the need for export-led and manufacture-dominated development for the sake of country's desired economic uplift. He, however, adv...

BB knows whereabouts of stolen funds: Governor

-- 2019-02-03 11:43:19

Bangladesh Bank has information about where the stolen reserves are being kept in the Philippines, said Governor Fazle Kabir. A large part of the $81 million stolen from the Bangladesh Bank’s a...

SWIFT says it is helping BB rebuild network after cyber heist

Reuters 2019-02-03 10:52:36

International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million i...

Current account deficit drops in H1

FE Online Report 2019-02-02 17:53:56

Current account deficit dropped significantly in the first half (H1) of the current fiscal year (FY19), according to the latest statistics of the central bank. It showed that current account deficit...

New e-commerce rules jolt Amazon in India

-- 2019-02-02 14:07:38

India’s revised e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a...

Oracle study examines how data and analytics can bring finance and HR teams together

FE Online Desk 2019-02-02 14:06:51

A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle.  The study of 1,510 HR,...

US economy adds 0.3m jobs in January

-- 2019-02-02 13:44:40

The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth f...

BB projects lower trade deficit in FY19

FE Online Report 2019-02-02 13:08:37

Bangladesh Bank has projected that deficit on merchandise trade in the country would drop moderately in the current fiscal year (FY19). In its outlook on Balance of Payments (BoP), the central bank h...