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The Financial Express

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Stakeholders' coordination key to achieving SDGs

Stakeholders' coordination key to achieving SDGs

FE Report 2018-12-06 10:18:33

Speakers at a programme said effective coordination among the government departments and other stakeholders is the key to achieve the Sustainable Development Goals (SDGs) properly and in time. They...

BD to sue both NY Fed, RCBC over reserve heist: Muhith

BD to sue both NY Fed, RCBC over reserve heist: Muhith

FE Report 2018-12-06 10:04:18

Bangladesh will sue the Federal Reserve Bank of New York alongside the Rizal Commercial Banking Corporation (RCBC) of the Philippines to recover its stolen reserve funds. The case will be filed befor...

NPLs soar 34pc to reach record high at Tk 993.7b

NPLs soar 34pc to reach record high at Tk 993.7b

Siddique Islam 2018-12-06 09:45:36

The amount of classified loans in the country's banking sector reached an all-time high of nearly Tk 1.0 trillion in September ahead of the upcoming national election. The volume of non-performing lo...

Euro zone business growth at weakest pace in two years

Euro zone business growth at weakest pace in two years

-- 2018-12-05 19:55:58

Euro zone business growth was at its weakest pace in over two years last month as a manufacturing-led slowdown showed further signs of spreading to the service industry. The downbeat survey results w...

Rats, pigeons replace iconic fauna and flora

Rats, pigeons replace iconic fauna and flora

-- 2018-12-05 18:47:14

The modification of land for farming and building cities is favouring the same species everywhere, according to a new study. Animals like rats and pigeons are taking over from less common ones, which...

EU Commission for euro dominance

EU Commission for euro dominance

-- 2018-12-05 18:22:42

The European Commission has urged the states and global companies to increase the use of euro in international payments and as a reserve currency. The commission made the call in its non-binding prop...

Export earnings grow 17.24pc in first five months of FY19

Export earnings grow 17.24pc in first five months of FY19

FE Online Report 2018-12-05 14:56:48

Export earnings from the country's merchandise shipments during the first five months of the current fiscal year (FY) stood at $17.07 billion, marking a 17.24 per cent growth over the corresponding pe...

India launches 'heaviest' satellite for internet access

India launches 'heaviest' satellite for internet access

-- 2018-12-05 13:04:18

India's heaviest satellite has gone into orbit on a French rocket to help boost broadband internet services. Weighing about 5,854kg (12,906lb), the GSAT-11 is India's "most-advanced" multi-band commu...

South Korea's foreign reserves rise to $403b

South Korea's foreign reserves rise to $403b

-- 2018-12-05 12:13:42

South Korea's foreign currency reserves rose to 403 billion US dollars in November due to the weak dollar trend that increased the conversion value of non-dollar assets, according to central bank da...

Government securities: Last fiscal’s yield curve witnesses steeper rise

Government securities: Last fiscal’s yield curve witnesses steeper rise

Jasim Uddin Haroon 2018-12-05 10:32:51

The gap between short and long-term government fixed-income securities yields was steeper during fiscal year 2018 than its previous year, which indicated a 'tightened year" for money market. The cent...

Tax collection deficit reaches Tk 167.99b

Tax collection deficit reaches Tk 167.99b

Doulot Akter Mala 2018-12-05 09:01:15

Aggregate shortfall in tax revenue collection against the target widened further, marking a deficit amounting to Tk 167.99 billion in the first four months of the current fiscal year (FY), 2018-19. T...

Inflation slightly eases to 5.37pc in November

Inflation slightly eases to 5.37pc in November

-- 2018-12-04 17:54:30

The general point to point inflation rate in November last further eased to 5.37 percentage point from the previous month due to the slight decrease in non-food inflation. “The general point to...

Italy must reduce debt: Euro zone FinMin

Italy must reduce debt: Euro zone FinMin

-- 2018-12-04 13:27:36

Euro zone finance ministers has said that Italy’s draft 2019 budget was breaking European Union rules and they agreed with the European Commission that Rome should amend it. Italy, which alre...

Forex reserves slide to about $31b in Nov

Forex reserves slide to about $31b in Nov

-- 2018-12-04 13:11:13

Bangladesh's foreign exchange reserves reached about 31 billion US dollars by the end of November, central bank data has showed. Bangladesh Bank (BB) data showed the country's foreign exchange rese...

Quora discloses massive breach that affects 100 million users

Quora discloses massive breach that affects 100 million users

-- 2018-12-04 10:26:26

About 100 million users of Quora were affected by unauthorised access to one of its systems by a “malicious third party,” the knowledge-sharing website said on Monday. Account information...

Salaried people lead income tax return submission

Salaried people lead income tax return submission

Doulot Akter Mala 2018-12-04 09:28:46

Income tax return submission by individual taxpayers posted a 14 per cent rise this year, mostly contributed by salaried taxpayers. Until Sunday, tax offices received some 1.7 million tax returns and...

China factory activity grows slightly in Nov

China factory activity grows slightly in Nov

-- 2018-12-03 15:19:56

The factory activity of China grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-US trade fr...

Remittance drops in November

Remittance drops in November

FE Report 2018-12-03 09:36:01

The flow of inward remittance fell slightly in November over that of the previous month despite the depreciating mode of taka against dollar in recent months. The money sent home by Bangladeshis work...

Explore benefits of economic graduation, PM urges exporters

Explore benefits of economic graduation, PM urges exporters

-- 2018-12-02 17:01:18

Prime Minister Sheikh Hasina has urged the business community to explore the export and other business opportunities in the global market following country’s graduation as a developing country f...

IMF chief urges G20 members to 'fix trade'

IMF chief urges G20 members to 'fix trade'

Xinhua 2018-12-02 15:50:49

International Monetary Fund (IMF) chief Christine Lagarde has said that there is "an urgent need" to de-escalate trade tensions, reverse recent tariff increases, and modernise the rules-based multilat...

NASA selects nine US companies to make lunar robotic payloads

NASA selects nine US companies to make lunar robotic payloads

-- 2018-12-02 14:33:14

The United States space agency NASA on Thursday announced nine commercial American companies in a partnership to develop lunar robotic landers in the coming decade. NASA would buy space on commercial...

NBR to review fiscal incentives offered to API industries

NBR to review fiscal incentives offered to API industries

Doulot Akter Mala 2018-12-02 09:54:57

Six months after the publication of the 'National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy by the Ministry of Commerce, the National Board of Revenu...

Vibrations offer new way to track elephants

Vibrations offer new way to track elephants

-- 2018-12-01 15:11:12

Researchers have come up with a new way of tracking elephants, via the vibrations that the animals make. Scientists Dr Beth Mortimer and Prof Tarje Nissen-Meyer discovered that elephants generate vib...

Prices of most China's production goods decline

Prices of most China's production goods decline

-- 2018-12-01 11:29:24

China's official data showed most production goods monitored by the government posted lower prices in the middle 10 days of November compared with the previous 10 days. Of the 50 major goods monitore...

No liquidity shortage in banking sector: BB governor

No liquidity shortage in banking sector: BB governor

FE Report 2018-12-01 09:57:00

Bangladesh Bank (BB) Governor Fazle Kabir has said the banking industry is now on stable footing as there is no liquidity shortage in this sector at this moment. "The banking industry in Bangladesh...

Delhi meeting to review progress in LoC projects

Delhi meeting to review progress in LoC projects

FHM Humayan Kabir 2018-12-01 09:43:13

Dhaka and Delhi are going to review again the progress in execution of projects under the Indian Lines of Credit (LoCs) this month in New Delhi, officials have said. The officials on Friday said a Ba...

Marriott hack hits 500 million guests

Marriott hack hits 500 million guests

-- 2018-11-30 19:36:23

The records of 500 million customers of the hotel group Marriott International have been involved in a data breach. The hotel chain said the guest reservation database of its Starwood division had be...

Chinese firm plans to provide free worldwide WiFi by 2026

Chinese firm plans to provide free worldwide WiFi by 2026

-- 2018-11-30 17:01:03

A Chinese internet technology firm is planning to launch a constellation of 272 satellites by 2026 with an aim to provide free WiFi service worldwide. LinkSure Network, founded in Shanghai in 2013, &...

'Number of tax return submission increases by 40pc'

'Number of tax return submission increases by 40pc'

-- 2018-11-30 16:36:45

The number of tax return submission has increased by 40 per cent in the past two years, said Sirajul Islam, acting chairman National Board of Revenue (NBR). He gave the information while addressing a...

Pentagon looks to exoskeletons to build 'super-soldiers'

Pentagon looks to exoskeletons to build 'super-soldiers'

-- 2018-11-30 15:13:40

The US Army is investing millions of dollars in experimental exoskeleton technology to make soldiers stronger and more resilient, in what experts say is part of a broader push into advanced gear to eq...