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The Financial Express

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Dhaka sounds positive as Delhi pushes for CEPA

Dhaka sounds positive as Delhi pushes for CEPA

FE Report 2018-09-21 11:51:45

India is pressing Bangladesh to sign a comprehensive economic partnership agreement (CEPA) covering various aspects of economic relations, officials said. The neighbouring economic giant first raised...

Economists for environ fiscal reform

Economists for environ fiscal reform

FE Report 2018-09-21 11:02:13

A group of economists suggested on Thursday the government conduct 'environmental fiscal reforms' to ensure 'green growth' in Bangladesh. They also called for imposing environmental taxes to raise...

Exports to China fall

Exports to China fall

FE Report 2018-09-21 10:43:03

Absence of direct marketing, limited exportables and language are major barriers to the rise of exports to China, traders and exporters said. They alleged that factors such as poor negotiating skills...

Free-of-cost remittance service likely: Muhith

Free-of-cost remittance service likely: Muhith

FE Report 2018-09-21 10:29:40

The government is considering introducing a system so that the expatriates can remit their money free of cost, Finance Minister AMA Muhith said on Thursday. "We are actively considering the proposal...

Re-gasified LNG supply declines as vessel from Qatar fails to dock

Re-gasified LNG supply declines as vessel from Qatar fails to dock

FE Report 2018-09-21 09:31:34

RasGas's second LNG-carrying vessel has been struggling to dock with Moheshkhali's floating LNG (liquefied natural gas) import terminal in the Bay of Bengal over the past couple days due to rough sea,...

Budget execution lowest in four yrs

Budget execution lowest in four yrs

FE Report 2018-09-21 09:20:54

The budget implementation rate has fallen to its lowest level in four years in 2017-18 fiscal year, signifying the poor capacity of the public agencies. According to a preliminary estimate, the rate...

US-China trade war bad for economy: Poll

US-China trade war bad for economy: Poll

-- 2018-09-20 12:12:13

The US economy will expand at a robust pace in coming quarters but slow to 2 per cent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with...

Satellite throws net to catch space junk

Satellite throws net to catch space junk

-- 2018-09-19 18:01:20

A British satellite has successfully deployed a net in orbit to demonstrate how to capture space debris. The event took place more than 300km above the Earth. It was part of a series of trials that...

IBM launches bias detector for AI

IBM launches bias detector for AI

-- 2018-09-19 13:57:51

IBM is launching a tool which will analyse how and why algorithms make decisions in real time. The Fairness 360 Kit will also scan for signs of bias and recommend adjustments. There is increasing co...

$110m more ADB loan for urban health services

$110m more ADB loan for urban health services

-- 2018-09-19 13:50:15

The Asian Development Bank (ADB) has approved an additional loan financing of $110 million for a project to improve urban primary healthcare services in Bangladesh through PPPs. "ADB's support to the...

China to invest $14.6b to develop digital economy

China to invest $14.6b to develop digital economy

-- 2018-09-19 12:42:25

China will invest 14.6 billion US dollars (about 100 billion yuan) for developing the digital economy in the next five years, the Cyberspace Administration of China (CAC) said. The investments will...

China to penalise $60b of US imports

China to penalise $60b of US imports

-- 2018-09-19 10:50:06

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of US products to its import tariff list in retaliation for President Donald Trump’s planne...

Devise ‘mechanism’ to make best use of climate fund

Devise ‘mechanism’ to make best use of climate fund

FE Report 2018-09-19 10:05:11

Experts at a dialogue have laid emphasis on transparency, accountability and government mechanism to help ensure best use of climate change resilience fund. They also called for ensuring data openn...

Move underway to revise STP again

Move underway to revise STP again

Munima Sultana 2018-09-19 09:35:51

A move has been taken to revise the city transport sector's plan for the second time. Sources said the Dhaka Transport Coordination Authority (DTCA) has already requested the Asian Development Bank (...

Per capita income rises to $1,751

Per capita income rises to $1,751

FE Online Report 2018-09-18 18:58:45

The per capita income rose to $1,751 in the last fiscal year 2017-18 (FY18) from $1,610 in the FY17. The rise in per head Gross National Income (GNI) in FY18 is 8.80 per cent higher than that of FY17...

GDP growth hits 7.86pc, exceeding expectations

GDP growth hits 7.86pc, exceeding expectations

FE Online Report 2018-09-18 16:40:25

Bangladesh economy has attained a stirring 7.86 per cent growth in the last fiscal year 2017-18 (FY18), driven by the expansion of industrial and agricultural sectors, government data showed Tuesday....

Japan land prices post 1st rise in 27 years

Japan land prices post 1st rise in 27 years

-- 2018-09-18 14:51:05

The average land prices of Japan has rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, according to a governme...

Japan billionaire to take first ‘Moon loop’

Japan billionaire to take first ‘Moon loop’

-- 2018-09-18 14:03:56

Elon Musk's company SpaceX has unveiled the first private passenger it plans to fly around the Moon. Japanese billionaire and online fashion tycoon Yusaku Maezawa, 42, announced that he is ready for...

Audi launches electric SUV on Tesla turf

Audi launches electric SUV on Tesla turf

-- 2018-09-18 12:54:18

German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla, and highlighted a deal with Amazon.com to make recharging its f...

Imports witness 16pc growth in July

Imports witness 16pc growth in July

Siddique Islam 2018-09-18 09:25:21

A whopping 274 per cent rise in fuel oil import enhanced country's overall imports growth by nearly 16 per cent or US$ 640.40 million in July, officials said. The settlement of letters of credit (L...

BD needs assistance from IFC in bigger way: Muhith

BD needs assistance from IFC in bigger way: Muhith

-- 2018-09-17 21:32:35

Finance Minister Abul Maal Abdul Muhith has said Bangladesh needs assistance from the International Finance Corporation (IFC) in bigger way. The minister also sought cooperation of IFC to increase th...

Battery woes haunt Samsung again!

Battery woes haunt Samsung again!

-- 2018-09-17 18:13:39

A woman in Long Island, US, has filed a lawsuit against Samsung alleging that her brand-new Galaxy Note 9 smartphone burst into flames inside her purse. Diane Chung, a real estate agent, claims that...

UK faces worse outlook if no Brexit deal: IMF

UK faces worse outlook if no Brexit deal: IMF

-- 2018-09-17 15:28:46

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union (EU) next year without a deal than if it reaches a Brexit agreement, IMF said...

Job creation, fiscal stability to be hurdles

Job creation, fiscal stability to be hurdles

FE Report 2018-09-17 10:43:39

Creating enough jobs, improving investment climate and ensuring financial stability would be major challenges for Bangladesh to meet her post-LDC (least developing country) requirements, opined econ...

Expert suggests Ctg port takeover by int'l operators

Expert suggests Ctg port takeover by int'l operators

FE Report 2018-09-17 09:41:20

The management of the country's main sea port Chittagong should be handed over to an international port management entity to increase its efficiency, an international expert has said. Similar approac...

India finance minister says govt confident of meeting fiscal deficit target

India finance minister says govt confident of meeting fiscal deficit target

-- 2018-09-16 15:42:54

Finance Minister Arun Jaitley said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 per cent of gross domestic product in the current fiscal year, a day after o...

NASA launches laser satellite ICESat-2 to measure ice loss

NASA launches laser satellite ICESat-2 to measure ice loss

-- 2018-09-16 13:38:45

NASA has launched a laser satellite to track the loss of ice sheets and glaciers across the world as the climate warms. The ICESat-2 was sent into orbit by a Delta II rocket from Vandenberg Air Force...

Urban pollution costs BD $6.5 billion every year: WB report

Urban pollution costs BD $6.5 billion every year: WB report

FE Report 2018-09-16 13:27:46

Bangladesh loses about $6.5 billion due to pollution and environmental degradation in urban areas every year, according to a World Bank report. This amount is equivalent to 3.4 per cent of the countr...

Coal India seeks ‘coal export policy’

Coal India seeks ‘coal export policy’

-- 2018-09-16 13:07:30

Coal India Limited (CIL), the country’s state-run coal mining company, wants a policy on coal exports before it could finalise commercial contracts for exporting the dry fuel, official sa...

LGED in a hurry to take up road projects

LGED in a hurry to take up road projects

FHM Humayan Kabir 2018-09-16 09:26:30

The government is in a hurry to get rural infrastructure development projects involving substantial volume of funds approved by the Planning Commission (PC) before the forthcoming national elections,...