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The Financial Express

Search results for: EC

Ecnec okays revised Padma Bridge Rail Link Project

Ecnec okays revised Padma Bridge Rail Link Project

-- 2018-05-22 16:16:37

The Executive Committee of the National Economic Council (Ecnec)has approved the Padma Bridge Rail Link Project (first revised) involving Tk 392.46 billion. It also cleared 15 other projects, includi...

Tesla Model 3 fails CR brake test

Tesla Model 3 fails CR brake test

-- 2018-05-22 14:13:11

Influential US magazine Consumer Reports will not recommend Tesla Model 3 sedan, saying it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk&rsq...

PC to revise DPP for curbing misuse of taxpayers' money

PC to revise DPP for curbing misuse of taxpayers' money

FHM Humayan Kabir 2018-05-22 10:33:30

The Planning Commission (PC) is set to revise the existing Development Project Proposal (DPP) format in a bid to check fraud and misappropriation of public funds, officials said Monday. They said the...

IFC offers $40m loan to lower middle-income group

IFC offers $40m loan to lower middle-income group

Rezaul Karim 2018-05-22 10:26:19

The International Finance Corporation (IFC) has proposed investing up to US$ 40 million in a state-run financial entity in the form of loans to the lower middle-income people in Bangladesh, officials...

Call to remove VAT on insurance agent commission

Call to remove VAT on insurance agent commission

-- 2018-05-21 18:17:23

Bangladesh Insurance Association (BIA) has demanded withdrawal of VAT on commissions of insurance agents in the next budget for the expansion of insurance industry. "There is 15 per cent VAT at sour...

Grab to partner with Maybank for mobile wallet in Malaysia

Grab to partner with Maybank for mobile wallet in Malaysia

-- 2018-05-21 15:25:51

Ride-hailing firm Grab will partner with Malayan Banking Bhd, Malaysia’s biggest bank, to drive the usage and adoption of its GrabPay mobile wallet, the companies said in a statement on Monday....

S Korea approves extra budget to create jobs

S Korea approves extra budget to create jobs

-- 2018-05-21 14:13:26

South Korea's parliament has passed an extra budget plan worth 3.8 trillion won (3.5 billion US dollars) to help create jobs especially among youths. The government of President Moon Jae-in submitted...

Nonprofits trim operations, facing funding headwinds

Nonprofits trim operations, facing funding headwinds

A.Z.M. Anas 2018-05-21 10:13:17

Stories of Bangladesh's growth and prosperity have swayed the donor community to commit less aid for legions of non-governmental organisations (NGOs) in the country, forcing the nonprofits to trim ope...

BB probing 'misreporting' of forex rate

BB probing 'misreporting' of forex rate

Siddique Islam 2018-05-21 09:38:38

The central bank has started carrying out a special inspection to detect irregularities relating to foreign exchange reporting by the commercial banks, officials said. Three inspection teams of Bangl...

BD's tax gap is 7.5pc of GDP: UNESCAP

BD's tax gap is 7.5pc of GDP: UNESCAP

FE Online Report 2018-05-20 15:53:01

Tax gap in Bangladesh is estimated at 7.5 per cent of the country’s Gross Domestic Product (GDP) – which is one of the highest in Asia and the Pacific Region. Tax gap is the estimated dif...

BD economy to register 7.10pc growth: UN

BD economy to register 7.10pc growth: UN

FE Online Report 2018-05-20 14:07:52

Bangladesh economy is going to post 7.10 per cent growth in the current fiscal year, the United Nations says. The World Economic Situation and Prospects 2018, released by the United Nations, made the...

Consumption-GDP ratio set to rebound in FY18

Consumption-GDP ratio set to rebound in FY18

FE Online Report 2018-05-20 13:24:27

After declining for the last six year, the ratio of consumption to the Gross Domestic Product (GDP) is now set to rebound in the current fiscal year. Provisional estimation, released by the Banglades...

Xbox reveals controller for disabled gamers

Xbox reveals controller for disabled gamers

-- 2018-05-20 12:45:55

Microsoft has unveiled a new Xbox controller with customisable features for disabled gamers. The company's new accessible device is targeted at users with a range of physical disabilities, and is set...

Land acquisition delay backpedals on regional railway project

Land acquisition delay backpedals on regional railway project

Munima Sultana 2018-05-20 10:15:55

The railway's regional connectivity project faced delay as over 100-kilometre rail line from Dohazari of Chattogram to Cox's Bazar could not be constructed upon failure to acquire land. Officials sai...

Chinese co willing to build 2nd nuke power plant in BD

Chinese co willing to build 2nd nuke power plant in BD

Ismail Hossain from Sichuan 2018-05-20 09:55:22

China's state-owned company -- Dongfang Electric Corporation (DEC) -- wants to build the proposed second nuclear power plant in Bangladesh. A top official of the corporation said recently that the Ch...

Survey to locate reasons for 'jobless growth' is on

Survey to locate reasons for 'jobless growth' is on

Mehdi Musharraf Bhuiyan 2018-05-19 18:32:56

Amid growing concerns about the recent "jobless growth" phenomenon, the government is conducting a survey on employment, productivity and sectoral investment in the country. The survey, which is comm...

Govt decides to issue floating rate bonds

Govt decides to issue floating rate bonds

Rezaul Karim 2018-05-19 18:28:02

The government, for the first time, has decided to issue new investment bonds having a floating rate. The objective behind introducing the bonds is to meet the government's own rising financial need...

Corporate tax cut, higher exemption in next budget

Corporate tax cut, higher exemption in next budget

-- 2018-05-19 17:58:22

The taxpayers of the country are going to get some good news in the coming budget for 2018-19 fiscal.  The tax free income ceiling for the individual taxpayers would be increased, while there wo...

Eurozone trade surplus declines in March

Eurozone trade surplus declines in March

-- 2018-05-19 15:56:36

The eurozone has recorded a 26.9 billion euro surplus in trade in goods with the rest of the world in March, declined from 28.5 billion in March 2017, data from Eurostat showed on Friday. The first e...

Smart luggage firms close because of airline battery rules

Smart luggage firms close because of airline battery rules

-- 2018-05-19 13:29:21

Two smart luggage firms have closed in May, with both blaming changes to airline policies regarding how lithium batteries can be taken on board planes. Raden and Bluesmart said the changes, by severa...

Financial account surplus almost double in nine months

Financial account surplus almost double in nine months

FE Online Report 2018-05-19 12:32:35

The country’s external financial account posted a surplus of $6.05 billion in the first nine months of the current fiscal year. This amount is almost twice as much as $3.13 billion registered i...

IDCOL roundtable to promote EET in RMG, textile

IDCOL roundtable to promote EET in RMG, textile

FE Desk Report 2018-05-19 12:24:51

Infrastructure Development Company Limited (IDCOL) has organised the 2nd CEO Roundtable to promote Energy Efficient Technologies (EET) in the textile and RMG sectors across Bangladesh. The 2nd CEO...

Morocco's tourism revenues jump in Jan-April

Morocco's tourism revenues jump in Jan-April

-- 2018-05-19 11:57:11

Morocco's tourism revenue rose 18.1 per cent year on year to 2.1 billion US dollars in the first four months in 2018, the country's foreign exchange regulator said on Friday. Between January and Apri...

LGED set to spend Tk 75b addl  fund for 'upgrading' rural roads

LGED set to spend Tk 75b addl fund for 'upgrading' rural roads

FHM Humayan Kabir 2018-05-19 00:51:11

The Local Government Engineering Department (LGED) is going to inject some Tk 75 billion in additional funds for upgrading rural roads, as those were not constructed by maintaining standard, officials...

BPC fears Tk 80b loss in next FY

BPC fears Tk 80b loss in next FY

Syful Islam 2018-05-19 00:48:30

The Bangladesh Petroleum Corporation (BPC) fears incurring a loss of about Tk 80 billion in the upcoming fiscal year because of selling fuel oil at lower rate than import price, officials said. To co...

Vatican seeks improvements in global finance policies

Vatican seeks improvements in global finance policies

FE Online Desk 2018-05-19 00:00:00

The Vatican says it needs improvements in global finance policies on debt resolution, taxation and transparency to address inequality and prevent financial crisis. “The recent financial crisis...

Korea keen to invest in BD, send delegation soon  

Korea keen to invest in BD, send delegation soon  

-- 2018-05-18 19:14:12

Korean entrepreneurs have shown their interest to invest in Bangladesh and said they will send a trade delegation to Bangladesh soon, according to a UNB report. They expressed their interest at the B...

Export, import, forex to rise in May-June

Export, import, forex to rise in May-June

FE Report 2018-05-18 16:55:07

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has projected rise in the country's export earnings, import value and inward remittance flow at the end of this month (May) and next mon...

Japan's exports likely to grow 8.1pc in April

Japan's exports likely to grow 8.1pc in April

-- 2018-05-18 14:46:44

Japan’s exports likely grew 8.1 per cent in April from a year ago, accelerating from a 2.1 per cent rise in March, thanks to solid global demand, a Reuters poll showed on Friday. The exports ar...

Murder leads change of plans for China car app

Murder leads change of plans for China car app

-- 2018-05-18 14:24:31

China's leading car-hailing firm is overhauling its service following the murder of one of its users. It is suspending its carpooling service at night, while it is considering making an audio recordi...