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The Financial Express

Search results for: EC

Cactus 'under threat'

Cactus 'under threat'

-- 2018-09-15 19:09:29

The iconic cactus plant is veering into trouble say researchers. The most serious problem is illegal smuggling. Despite the international ban on uncontrolled trade in cacti, policing the smuggling f...

Secondary trading of t-bills, bonds drop 62pc in Jan-Aug

Secondary trading of t-bills, bonds drop 62pc in Jan-Aug

FE Online Report 2018-09-15 17:36:01

Secondary trading of treasury bills and treasury bonds dropped sharply in the first eight months of the current calendar year, according to the latest statistics of the central bank. It showed that v...

Islamic banks’ investment jumps by 17pc in FY18

Islamic banks’ investment jumps by 17pc in FY18

FE Online Report 2018-09-15 17:25:18

Total investment by the country’s Islamic banking industry stood at Tk 2.16 trillion at the end of the past fiscal year (FY18). Bangladesh Bank statistics also showed that the investment by the...

Cryptocurrency project Tezos to launch soon

Cryptocurrency project Tezos to launch soon

-- 2018-09-15 13:25:24

The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, a Swiss foundation that promotes the initiative said...

US prices of imports, exports edge down in Aug

US prices of imports, exports edge down in Aug

-- 2018-09-15 12:13:53

United States import prices dropped 0.6 per cent and exports prices edged down 0.1 per cent in August, the US Department of Labor reported on Friday. The decline of import prices in August was the...

Carbon tax can juice up BD GDP: WB

Carbon tax can juice up BD GDP: WB

FE Report 2018-09-15 10:13:26

Bangladesh can boost its tax-GDP ratio by around 10 per cent by introducing carbon tax in the country, a recent World Bank study has said. Such type of tax can help the country reduce environmental...

WB lists barriers that make long-term finance scarce

WB lists barriers that make long-term finance scarce

Syful Islam 2018-09-15 10:01:12

The World Bank has identified five impediments to developing long-term finance in Bangladesh, officials said. The Washington-based lender has cited the weak points in a diagnostic report prepared und...

Loan restructuring goes awry as borrowers violate terms

Loan restructuring goes awry as borrowers violate terms

Jasim Uddin Haroon 2018-09-15 09:57:11

The special loan restructuring facility offered to some businesses on the grounds of political instability in 2014 have yielded little results in keeping them out of the "default-cycle". The central...

Farmers can boost harvest, slow climate change: Studies

Farmers can boost harvest, slow climate change: Studies

-- 2018-09-14 20:45:08

Two new studies have confirmed that farmers can win both ways -- achieving a boost in harvests and helping to slow climate change. One study says that they can successfully farm with techniques that...

BKB to disburse Tk 2.02bn loans in Narsingdi

BKB to disburse Tk 2.02bn loans in Narsingdi

-- 2018-09-14 16:26:18

Bangladesh Krishi Bank (BKB) Narsingdi region has taken a plan to disburse Tk 2.02 billion as agriculture loans among farmers of the district during the current fiscal year 2018-19. BKB sources said...

SpaceX signs first passenger to fly around the moon

SpaceX signs first passenger to fly around the moon

-- 2018-09-14 15:17:41

Elon Musk’s SpaceX said it has signed the world’s first private passenger to fly around the moon aboard its Big Falcon Rocket (BFR), a massive launch vehicle that is being designed to carr...

China sees steady employment in August

China sees steady employment in August

-- 2018-09-14 13:44:01

The job market in the second largest economic country of the world remained stable in August, with the unemployment rate at a relatively low level, official data showed Friday.    The unemp...

ChargePoint commits to build 2.5m EV charging stations

ChargePoint commits to build 2.5m EV charging stations

-- 2018-09-14 13:27:35

ChargePoint, operator of one of the world’s largest charging station networks for electric vehicles (EV), is targeting a near fifty-fold increase in its global network of loading spots by the mi...

Broader govt-pvt sector role vital for achieving SDGs

Broader govt-pvt sector role vital for achieving SDGs

FE Report 2018-09-14 10:55:00

Broader collaboration between the government and the private sectors is vital for achieving the sustainable development goals (SDGs), said speakers at a discussion on Thursday. They also underscored...

BB fears inflationary pressure from pricey global commodities

BB fears inflationary pressure from pricey global commodities

Jasim Uddin Haroon 2018-09-14 09:40:45

The rate of 'expected inflation' is predicted to rise this fiscal year driven by higher global commodity prices and exchange rate movement, the central bank has said. The Bangladesh Bank, which prepa...

BD’s per capita income to reach $16,000 by 2041: Azad

BD’s per capita income to reach $16,000 by 2041: Azad

-- 2018-09-13 19:31:58

Principal Coordinator (SDG Affairs) of the Prime Minister's Office Abul Kalam Azad on Thursday said Bangladesh's per capita income will reach US$16,000 by 2041 when the country will be a developed one...

Apple unveils three new iPhones

Apple unveils three new iPhones

-- 2018-09-13 16:50:22

Apple has announced three new iPhones at the Steve Jobs Theater in Cupertino, California. The 2018 models are officially the iPhone XS, iPhone XS Max and iPhone XR. Apple has now completely abandone...

S Korea's bad debt ratio falls to record low in Q2

S Korea's bad debt ratio falls to record low in Q2

-- 2018-09-13 12:33:33

The bad debt ratio among South Korean banks fell to the lowest in about 10 years in the second quarter (Q2), financial watchdog data has showed. According to the watchdog, the Financial Supervisory...

India's CPI inflation falls below target despite rupee slide

India's CPI inflation falls below target despite rupee slide

-- 2018-09-13 12:29:30

India’s retail inflation fell below the Reserve Bank of India’s medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at...

Apple, Amazon, others to testify before Senate on data privacy

Apple, Amazon, others to testify before Senate on data privacy

-- 2018-09-13 12:05:32

Six US-based major web companies and internet-service providers, including Apple, Twitter, and Alphabet’s Google, will detail their consumer data privacy practices to a Senate panel on September...

Unrealised loan totals Tk 1.31t from 230,658 defaulters: Muhith

Unrealised loan totals Tk 1.31t from 230,658 defaulters: Muhith

FE Report 2018-09-13 09:27:11

The number of loan defaulters in the country reached 230,658, and the amount of unrecovered loan from them totalled over Tk 1.31 trillion until June 2018, according to the central bank. Finance Minis...

Provisioning shortfall soars 18pc to Tk 79.90b in H1

Provisioning shortfall soars 18pc to Tk 79.90b in H1

FE Report 2018-09-13 09:20:39

Overall shortfall in provisioning against loans in the country's banking system swelled by over 18 per cent or Tk 12.23 billion in the first half (H1) of this calendar year (2018). The aggregate amou...

Ten fascinating fungi facts

Ten fascinating fungi facts

-- 2018-09-12 17:37:03

They're all around us, in the soil, our bodies and the air, but are often too small to be seen with the naked eye. They provide medicines and food but also wreak havoc by causing plant and animal dis...

French 2019 budget deficit to rise

French 2019 budget deficit to rise

-- 2018-09-12 14:35:32

France’s budget deficit will rise next year but stay below the European Union’s limit of 3.0 per cent of economic output, according to figures given by Finance Ministry officials on Tuesda...

Apple to unveil bigger, pricier iPhones today

Apple to unveil bigger, pricier iPhones today

Reuters 2018-09-12 13:55:34

Apple is expected to blast further past the $1,000 price barrier when it launches new iPhones on Wednesday, but Wall Street is most intrigued by how deep into its larger-than-ever lineup prices hikes...

Internet firms face EU ultimatum over extremist content

Internet firms face EU ultimatum over extremist content

-- 2018-09-12 10:37:21

The European Commission will propose new laws on Wednesday giving Google, Facebook, Twitter and other internet companies one hour to remove extremist content or face fines. The Commission told such c...

Most banks renege on promises despite availing benefits

Most banks renege on promises despite availing benefits

Siddique Islam 2018-09-12 09:23:32

The majority of the banks have not brought down the lending rate to single digits despite availing both policy and fiscal supports offered by the government. More than three dozen banks did not re-fi...

Tk 602.68b subsidies for agriculture in 9 yrs

Tk 602.68b subsidies for agriculture in 9 yrs

-- 2018-09-11 20:46:37

The government has provided Tk 602.68 billion as subsidies for agriculture sector of the country in the last nine years, agriculture minister Begum Matia Chowdhury said. “Highest subsidies was...

Land office earns Tk 4.59b as revenue in 9-yr

Land office earns Tk 4.59b as revenue in 9-yr

-- 2018-09-11 19:56:24

Land (Bhumi) offices across the country has earned Tk 4.59 billion as general and organisational revenue from 2009-2010 to 2017-2018. “The present government has decided to set up land office...

ECNEC approves Madrasha dev project of Tk 59.19b

ECNEC approves Madrasha dev project of Tk 59.19b

-- 2018-09-11 19:16:22

The ECNEC has approved the Selected Madrasha Development Project with an estimated cost of Tk 59.19 billion in a bid to ensure infrastructural development of some 2,000 madrashas in the country. Th...