Search results for: EC

Sending staff to Bangladesh for talks on new lending programmes, says IMF

-- 2022-10-21 21:17:47

The International Monetary Fund on Friday said it was sending a staff mission to Bangladesh from Oct 26 to Nov 9 for initial discussions on economic and financial reforms, with an eye to a future lend...

Bangladesh forex reserves sink below $36 billion despite spending restrictions

FE ONLINE DESK 2022-10-21 11:12:07

Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars, bdnews24.com re...

A 1990s relic, floppy disks get second life at California warehouse

FE ONLINE DESK 2022-10-21 10:30:09

It has been two decades since their heyday, but one bulk supplier of the iconic 3.5-inch floppy disk used to store data in 1990s says business is still booming, Reuters reports....

Google fined $162m by India antitrust watchdog for abuse of Android platform

FE ONLINE DESK 2022-10-21 09:49:24

India's competition regulator on Thursday ordered Alphabet Inc's Google to change its approach to its Android platform and fined the US tech company 13.38 billion Indian rupees ($161.95 million)...

Useful AI-enhanced browser extensions to serve your needs  

Sofia Noor 2022-10-20 18:23:19

Artificial Intelligence (AI) isn't a newfound love of technology, but it has spread its wings and gone to variegated extents to prove its prowess. AI has even made its way onto browser extensions, the...

Genetic findings from Siberian caves give glimpse into Neanderthal life

-- 2022-10-20 18:22:39

Bone and tooth remnants from two Siberian caves are helping scientists for the first time decipher the social organisation of our cousins the Neanderthals through genetic sleuthing, including on the r...

Bangladeshi website ‘Blogpotro’ promises productivity with joy

Ahnaf Tahmid   2022-10-20 17:11:17

People use social media to get refreshments and to temporarily escape from their hectic lives. But most of the time, they get hooked on the juicy news and videos. Therefore, they lose both their time...

Webb Space Telescope renders Pillars of Creation with fresh clarity and colour

-- 2022-10-20 16:01:30

One of the most celebrated, awe-inspiring images of modern astronomy, revealing colossal spires of interstellar gas and dust called the Pillars of Creation, has been rendered anew with greater depth,...

Software Developer job open at Fintech company Uumoo

FE Online 2022-10-20 15:33:31

Uumoo is a fintech company. It is currently in its pre-launch mode.  Vacancy: not specified Vacancy Type: Full-time Name of the position: Software Developer Job Responsibilities: Collabora...

Bangladesh plans to scrap tax fair for third consecutive year

-- 2022-10-19 19:58:43

People will have to look up the addresses of their respective tax offices once again to submit their returns as the National Board of Revenue decided not to organise the annual tax fair for the third...

BPC plans to import 5.46m tonnes of fuel in 2023

-- 2022-10-19 17:27:46

Bangladesh Petroleum Corporation (BPC) is planning to purchase 5.46 million tonnes of fuel from the international market to meet the country's needs in 2023. The proposal for next year's fuel impor...

Banglalink needs a Product Manager

FE Online 2022-10-19 16:57:32

Banglalink is one of the leading telecommunications companies in the country. It is a subsidiary of VEON Ltd, a Netherlands-based company. Banglalink’s subscriber base exceeds 33 million users....

India government must set moderate divestment targets: Official

FE ONLINE DESK 2022-10-19 10:47:56

The Indian government should focus on privatisation of state-run companies instead of chasing high divestment targets, a top finance ministry official said on Tuesday, pointing to market volat...

Pakistan seeks billions of dollars in new loans after floods

FE ONLINE DESK 2022-10-19 10:45:33

Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation's economic crisis, the Financial Times reported on Wednesday,...

IMF team arrives on October 26 to discuss $4.5b loan

-- 2022-10-18 20:53:14

The Ministry of Finance on Tuesday said a team from the International Monetary Fund (IMF) will arrive in Bangladesh on October 26 to discuss the terms of a $4.5 billion loan to Bangladesh. The IMF te...

Britain orders Meta to sell animated-images platform Giphy after antitrust battle

-- 2022-10-18 20:15:09

Britain's competition regulator ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after its view that the acquisition reduced innovation in the advertising market was uphel...

Semiconductor industry: A new possibility for Bangladesh

Safrina Kabir 2022-10-18 16:44:26

The hassle of manufacturing long-wired and tubed machines was put to an end by an interesting material named semiconductor chips.  Having the conductance between conductors and insulators, semic...

BB chief discusses $5.5bn loans with IMF, World Bank to build a buffer

FE ONLINE DESK 2022-10-18 10:37:04

Bangladesh Bank Governor Abdur Rouf Talukder had quite a busy schedule over the weekend as he sat with top officials of both the International Monetary Fund, or the IMF, and World Bank, or the...

Revenue collection drops by 13pc in Q1

-- 2022-10-17 19:27:17

Revenue collection fell by 13 per cent in the first quarter - July to September - after growth in the first two months of the current fiscal year 2022-23, NBR's latest data reveals. According to the...

IMF team due this week to discuss $4.5b loan request

-- 2022-10-16 18:46:40

A delegation from International Monetary Fund (IMF) will arrive in Dhaka this week to start negotiations on Bangladesh’s request for a US $4.5 billion loan as budgetary support, official sources...

Biden knocks Truss economic plan, says not concerned about dollar strength

-- 2022-10-16 13:58:09

US President Joe Biden on Saturday criticized British Prime Minister Liz Truss's original economic plan as a mistake and said he was not concerned about the strength of the soaring US dollar, Re...

World Bank says Ukraine has tenfold increase in poverty due to war

-- 2022-10-16 12:17:47

Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increas...

Negotiations on $4.5 billion IMF loan open soon

FE REPORT 2022-10-16 08:26:03

Negations on a US$4.5-billion budget-support credit Bangladesh seeks from the International Monetary Fund open soon as an IMF mission arrives here this week for a firsthand view of the country's credi...

Economic effect of real effective exchange rate

JASIM UDDIN HAROON 2022-10-16 08:22:23

Bangladesh derives some gains from a downturn in the country's real effective exchange rate (REER) recently due to record inflation in its top trading partners that also erodes their currencies' value...

Japanese yen falls to 147.66 against US dollar, lowest in 32 years

-- 2022-10-15 19:11:44

The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster than expected in America. The yen fell to 147.66 against the US dollar before r...

IMF urges most Asian central banks to tighten policy further

-- 2022-10-15 18:45:22

Most Asian central banks must tighten monetary policy further as rising commodity prices and their currencies' depreciation, driven by steady US interest rate hikes, push inflation above their targets...

Pakistan seeks rescheduling of $27 billion in bilateral debt

-- 2022-10-15 18:28:05

Pakistan's new finance minister, Ishaq Dar, has said he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restr...

Singapore announces S$1.5 billion support package for all Singaporean households

-- 2022-10-15 17:09:57

Singapore's Finance Ministry on Friday announced a S$1.5 billion ($1.05 billion) support package for all Singaporean households amid concerns over the rising costs of living in the city-state. The pa...

New UK finance minister warns some taxes will rise in sign of new U-turn

-- 2022-10-15 14:50:04

Britain's new finance minister Jeremy Hunt said on Saturday that some taxes will have to go up, signalling another abrupt policy U-turn by Prime Minister Liz Truss who is battling to save her le...

UK corporation tax to rise to 25pc on PM Truss's U-turn

-- 2022-10-14 21:16:25

Britain's corporation tax will rise to 25 per cent, said Prime Minister Liz Truss after she sacked finance minister Kwasi Kwarteng and U-turned on a programme of tax cuts on Friday. In a Sept. 23 "mi...