Search results for: EC

Atiur proposes fund for innovation, research

-- 2018-11-24 21:18:28

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while...

NBR to receive individual tax returns until December 2

-- 2018-11-24 19:26:50

The National Board of Revenue (NBR) will receive individual tax returns until December 2 as the last date of submission, November 30, is a weekly holiday. NBR Member (income tax admin) Zia Uddin Maho...

Deforestation in Amazon reaches decade high

-- 2018-11-24 19:16:29

Deforestation of the Amazon rainforest in Brazil has hit its highest rate in a decade, according to official data. About 7,900 sq km (3,050 sq miles) of the world's largest rainforest was destroyed b...

'Seaweed farming should be brought under purview of fisheries ministry'

-- 2018-11-24 17:12:21

Speakers at a discussion have urged authorities concerned to bring cultivation of seaweeds under the purview of the Ministry of Fisheries from the Ministry of Agriculture. They also underscored the n...

Scientists propose new way to tackle climate change

-- 2018-11-24 14:08:16

Scientists have proposed a new way to tackle climate change by spraying sun-dimming chemicals into the Earth's atmosphere, according to a study published Friday. Scientists at Harvard and Yale univer...

Dhaka likely to get $2.0b in add’l fund under IDA-18

FHM Humayan Kabir 2018-11-24 10:06:20

Bangladesh is likely to get nearly US$ 2.0 billion additional assistance from the World Bank (WB), as the latter has decided to divert unutilised funds from other member states to the country, officia...

Lower ins coverage poses major risk for economy

Mehdi Musharraf Bhuiyan 2018-11-24 10:02:10

The insurance gap in Bangladesh relative to its GDP is the highest in the world, which poses a major economic risk for the country in case of a catastrophe, warns a global report of Lloyd's. Affordab...

Banks' surplus liquidity falls ahead of nat'l polls

Siddique Islam 2018-11-24 09:35:57

The excess liquidity in banks dropped by nearly 15 per cent or Tk 140 billion in September mainly due to higher growth of currency outside banking system before the national elections. Officials said...

BB seeks info on classified loans of election aspirants

FE Report 2018-11-23 15:30:27

The central bank has asked the commercial banks to provide information on classified loans of the aspirants of the upcoming national election to the returning officials concerned. "We've taken the me...

Robot taxis set to hit London, Edinburgh roads

-- 2018-11-23 14:32:56

Robot taxis that take to the road without drivers are set to appear on the streets of two major British cities, according to a Thursday announcement. The trial schemes will see robot taxis without dr...

NBR taskforce to include BIDA, police, NSI officials

Doulot Akter Mala 2018-11-23 09:50:34

The tax authority will join hands with the law-enforcing agencies and investment promotion authority to find out illegal foreign residents working in the country to ensure proper tax collection from t...

BD needs to apply anew for Chinese buyer's credit

Munima Sultana 2018-11-23 09:40:51

Dhaka needs to apply anew for Chinese loans for the projects, deals on which were signed during Xi Jinping's visit to Dhaka in 2016, to match his government's new lending policy. China has reformed i...

Foreign tourists visiting S Korea rise 31pc in Oct

-- 2018-11-22 14:51:54

Foreign tourists visiting South Korea jumped in October as Chinese and Japanese visitors travelled to the country during the autumn holiday period, tourism agency data showed Thursday. The number of...

Nokia reorganises itself ahead of 5G race

-- 2018-11-22 14:28:32

Nokia will merge its mobile networks and fixed networks business groups into a new unit called Access Networks as it takes aim at 5G opportunities, the Finnish firm announced on Thursday. “By c...

Germany pledges to give €285.3m for dev

-- 2018-11-22 13:35:53

Germany has pledged to give €285.3 million for development in Bangladesh, reaching the overall amount to €3 billion since 1972. The European country also announced €29 million assis...

Singapore’s economy grows 3pc in Q3

-- 2018-11-22 12:10:31

Singapore's economy grew by 3.0 per cent in the third quarter, expanded at a much slower pace than initially thought, from the previous three months on an annualised and seasonally adjusted basis....

Greece predicts 2.5pc GDP growth for 2019

-- 2018-11-21 20:35:40

Greece has projected its economy would grow by 2.5 per cent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vett...

European privacy search engines aim to challenge Google

AP 2018-11-21 19:10:58

In the battle for online privacy, U.S. search giant Google is a Goliath facing a handful of European Davids. The backlash over Big Tech's collection of personal data offers new hope to a number of...

NBR collects Tk 170m in income tax in M’singh

-- 2018-11-21 18:00:50

The National Board of Revenue (NBR) has collected over Tk 170 million income taxes in the Tax Fair in Mymensingh. Zonal Taxes Commissioner, Mymensingh Abul Mansur said a total of 21,222 tax payers...

China develops 'artificial Sun'

-- 2018-11-21 17:53:42

From its plans to harness and enhance its artificial intelligence (AI) capabilities to its vision of a solar highway planned into the not-too-distant future, China is strongly demonstrating its positi...

50pc ATMs in India may shut down by March Next Year

-- 2018-11-21 17:24:36

Mumbai:  Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederatio...

China has failed to alter 'unfair, unreasonable' trade practices: US

Reuters 2018-11-21 15:29:09

WASHINGTON: The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high...

Myanmar tops LDCs' FDI league, Bangladesh fifth

-- 2018-11-21 13:51:55

JAKARTA : Myanmar attracted the most foreign direct investment of any of the world's so-called "least developed countries" in 2017, even as the nation's reputation plummeted over its forced expulsion...

Musk renames BFR spacecraft Starship

-- 2018-11-21 13:45:26

Elon Musk has changed the name of his forthcoming passenger spaceship from Big Falcon Rocket (BFR) to Starship. The entrepreneur would not reveal why he had renamed the craft, which has not yet been...

Kenya beats India in world tea market so far

-- 2018-11-21 12:08:50

Record tea crop in Kenya has given a tough competition to Indian tea in the global markets in the second half of the year. Indian tea has failed to maintain higher prices in the world market as Kenya...

IMF delays Sri Lanka's loan discussion on political crisis

-- 2018-11-21 11:52:49

COLOMBO: The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis. The IMF has disbursed o...

Attainment of SDGs: Experts for South Asia cooperation framework

FE Report 2018-11-21 10:38:47

The countries in South Asia need to develop an effective regional cooperation framework to accelerate the process of Sustainable Development Goals (SDGs) achievement, experts said at an international...

BIMSTEC sets 2019 deadline to make FTA operational

Mir Mostafizur Rahaman 2018-11-21 09:57:19

The BIMSTEC [Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation] has set 2019 as a deadline to make FTA [free trade agreement] operational. Sources said member countries o...

'Existing tax system creates burden on low-income people'

FE Online Report 2018-11-20 18:45:51

The existing tax system has created burden on common people as low-income and high-income people pay value added tax (VAT) at similar rate to buy a product. Speakers came up with the statement at Cit...

Deposits with agent banking increase by 28pc

-- 2018-11-20 18:07:42

Deposit collection through the agent banking increased by 28 per cent or Tk 5.4672 billion in July to September quarter compared to the previous quarter of April to June in 2018. According to the qua...