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The Financial Express

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Deposit govt funds with PCBs at rates below 6.0pc: ABB

Deposit govt funds with PCBs at rates below 6.0pc: ABB

FE Report 2018-06-26 09:45:20

Top executives of the private commercial banks (PCBs) have urged the Bangladesh Bank (BB) to ensure depositing the government's fund with their banks at rates below 6.0 per cent for implementing the s...

German economic boom is over: Ifo economist

German economic boom is over: Ifo economist

-- 2018-06-25 14:50:49

Germany’s economic boom times are over and Europe’s largest economy is on the way to a more normal growth path, Ifo economist Klaus Wohlrabe told Reuters on Monday after its latest survey...

S Korean manufacturers see 4IR’s negative impact

S Korean manufacturers see 4IR’s negative impact

-- 2018-06-25 14:24:13

Most South Korean manufacturers saw a negative impact of the Fourth Industrial Revolution (4IR), fourth major industrial era since the initial Industrial Revolution of the 18th century, on employment....

Thrust on more allocation in water, sanitation

Thrust on more allocation in water, sanitation

FE Online Desk 2018-06-25 12:27:08

  Speakers on Sunday urged the government to increase budgetary allocation for water, sanitation and hygiene (WASH) sector to achieve the SDG 6 goal, said a statement. The Sustainable Developme...

Warning against burdening banks

Warning against burdening banks

FE Report 2018-06-25 09:53:04

The financial sector of Bangladesh has developed a dangerous notion called 'mismatch of maturity', as short-term deposits are used for financing long-term investment here, eminent economist Dr. Rehman...

Philippines reseeks probe report on reserve heist

Philippines reseeks probe report on reserve heist

Syful Islam 2018-06-25 09:42:54

The Philippines government has again requested Bangladesh to forward an investigation report on reserve heist from the Bangladesh Bank's account at the New York Fed, finance ministry sources said. Th...

China's tech giants splash out in cartoon arms race

China's tech giants splash out in cartoon arms race

-- 2018-06-24 14:07:50

Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto. China’s home-grown cartoons paled in compariso...

Researchers create world's smallest ‘computer’

Researchers create world's smallest ‘computer’

-- 2018-06-24 14:06:15

Researchers at the University of Michigan (UM) in the United States have come out with the world's smallest ‘computer’, a device that measures just 0.3 mm to a side, completely dwarfed by...

Firm selection for subways' feasibility study faces review

Firm selection for subways' feasibility study faces review

Munima Sultana 2018-06-24 11:31:15

A cabinet committee has asked the authority concerned to review the selection of an international contractor for carrying out a feasibility study on subways in the city. Sources said the cabinet comm...

China consumer prices likely to stable in H2 2018

China consumer prices likely to stable in H2 2018

-- 2018-06-23 16:03:23

The consumer prices in China are likely to be stable in the second half (H2) of the year, the state planner said on Saturday, amid the trade dispute with the United States. “The market in gener...

Greece debt deal not a long-term relief: Jubilee USA

Greece debt deal not a long-term relief: Jubilee USA

FE Online Desk 2018-06-23 13:21:40

The new deal that Greece has signed with European Union does not hold enough debt relief to keep the crisis-hit country out of trouble for a long term, the Jubilee USA network has observed. Parts of...

YouTube fans to fund favourite film-makers

YouTube fans to fund favourite film-makers

-- 2018-06-23 12:49:05

YouTube is adding more ways for video-makers to make money, following criticism from bloggers and increased competition from rival platforms. Many video-makers have complained that changes to YouTube...

Malaysia halts Bangladeshi worker hiring system

Malaysia halts Bangladeshi worker hiring system

-- 2018-06-23 11:15:29

Malaysia has suspended the only system used to hire Bangladeshi workers after allegations surfaced that a Bangladeshi businessman with prestigious ‘Datuk Seri’ title was using it to make b...

Outflow of women migrants on rise despite workplace abuse

Outflow of women migrants on rise despite workplace abuse

Arafat Ara 2018-06-23 10:05:36

The number of women workers leaving for Saudi Arabia for jobs has increased in recent months despite the fact that workplace abuse has forced many to return home. A total of 39,578 women migrants wen...

Overcrowding of prisons strains budgetary funds

Overcrowding of prisons strains budgetary funds

Jubair Hasan 2018-06-23 09:50:34

The jail authorities are facing hardship to accommodate an increasing number of inmates, placing strains on its limited budget, officials said. This leads to financial constraints, while making it di...

Agri sector not getting its due in nat'l budget

Agri sector not getting its due in nat'l budget

FE Report 2018-06-23 09:36:21

The country's agriculture sector is witnessing a sluggish growth in recent years and it is inadequate to propel the targeted GDP growth, experts warned at a seminar in the capital on Friday. At the s...

Air over India, neighbouring countries looks different from space

Air over India, neighbouring countries looks different from space

-- 2018-06-22 19:08:12

There is something very distinct about the air over India and the surrounding countries in South Asia. It is the presence of formaldehyde - a colourless gas that is naturally released by vegetation b...

Tesla to close a dozen solar facilities

Tesla to close a dozen solar facilities

-- 2018-06-22 14:35:38

Electric car maker Tesla's move last week to cut 9 per cent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, accordin...

Japan's core consumer prices rise 0.7pc in May

Japan's core consumer prices rise 0.7pc in May

-- 2018-06-22 14:21:18

The core consumer prices in Japan gained 0.7 per cent in May from a year earlier, government data showed on Friday. According to the data from the ministry of internal affairs and communications, the...

Central bank asks NBFIs to rationalise deposit rates

Central bank asks NBFIs to rationalise deposit rates

Siddique Islam 2018-06-22 11:58:57

The central bank has asked the non-banking financial institutions (NBFIs) to fix the interest rates on deposits at reasonable level for ensuring stability in the country's financial sector. The advic...

Greece gets debt relief from euro zone

Greece gets debt relief from euro zone

-- 2018-06-22 11:55:29

Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet afte...

Malaysia names new central bank governor

Malaysia names new central bank governor

-- 2018-06-22 10:52:45

Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, following the exit of its prev...

BD for greater connectivity with India

BD for greater connectivity with India

-- 2018-06-21 18:40:08

Bangladesh High Commissioner to India Syed Muazzem Ali said Thursday that Bangladesh and India should co-operate in connectivity for the mutual benefit. "Connectivity offers a game-changing opportuni...

ECNEC okays e-passport project, 14 others

ECNEC okays e-passport project, 14 others

FE Online Report   2018-06-21 18:16:33

The Executive Committee of the National Economic Council (ECNEC) Thursday approved a project to make around 30 million e-passports to keep pace with other countries. The approval for the Tk 46.36 b...

ADP execution rate lower

ADP execution rate lower

FHM Humayan Kabir 2018-06-21 09:59:55

The government spent almost 63 per cent of the Annual Development Programme (ADP) allocations in the 11 months to May of fiscal year (FY) 2017-18. Planning Commission officials said the rate of the d...

New partnership to bridge revenue data gap

New partnership to bridge revenue data gap

Doulot Akter Mala 2018-06-21 09:53:07

The tax authorities are going to establish an institutional partnership for addressing the discrepancy in revenue collection data by the board and Controller General of Accounts (CGA) office. Recentl...

WB provides $50m to develop housing for slum dwellers

WB provides $50m to develop housing for slum dwellers

-- 2018-06-20 19:55:06

The World Bank has provided US$ 50 million to help develop standard housing facilities for the lower income people. Finance Minister Abul Maal Abdul Muhith came up with the statement while replying t...

'9.9 million new workforce by 2020'

'9.9 million new workforce by 2020'

-- 2018-06-20 17:56:56

About 9.9 million new workforce would be added to the country’s manpower sector by 2020 as planned in the 7th Five Year Plan. Prime Minister Sheikh Hasina came up with the statement while reply...

Toyota captures data goldmine, invests $1b in Grab

Toyota captures data goldmine, invests $1b in Grab

-- 2018-06-20 15:59:14

By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they...

Economy gradually recovering: Japan

Economy gradually recovering: Japan

-- 2018-06-20 15:05:30

Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter. “Japan’s...