Loading...
The Financial Express

Search results for: EC

Govt's gross borrowing from banking system soars

Govt's gross borrowing from banking system soars

Siddique Islam 2018-05-14 09:57:48

The government's gross borrowing from the banking system jumped suddenly Sunday to finance budget deficit partly for the current fiscal year (FY), officials said. Bangladesh government borrowed Tk 13...

World Bank for  complete  overhaul of  warehouses act

World Bank for complete overhaul of warehouses act

FE Report 2018-05-14 00:37:42

The country's age-old warehouses act has become totally outdated, and the government should move for its complete overhaul, according to a recent study, commissioned by the World Bank (WB) Group. T...

Govt to review savings tools' rates : Muhith

Govt to review savings tools' rates : Muhith

FE Report 2018-05-13 16:39:45

The government is going to review the existing yield rates on savings certificates after the next national budget, Finance Minister AMA Muhith said Saturday. "Ideally, the yield rates on savings cert...

German online bank transfers loans via Bitcoins

German online bank transfers loans via Bitcoins

-- 2018-05-13 14:53:14

German Radoslav Albrecht founder of an online bank has created a banking system where clients are able to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoi...

Location makes Mirsarai hot cake for investors

Location makes Mirsarai hot cake for investors

Jasim Uddin Haroon and Jubair Hasan 2018-05-13 10:04:31

Just 20 years back, land-starved Bangladesh was blessed with a considerable volume of land reclaimed from the Bay of Bengal at the Mirsarai point of Chattogram. And local people say the vast char lan...

LDC graduation triggers double whammy for Bangladesh

LDC graduation triggers double whammy for Bangladesh

FE Report 2018-05-13 09:59:37

LDC graduation might throw Bangladesh into 'double trouble' as the country's preparation for coping with the post-graduation challengers is not satisfactory, economists and businessmen have warned. T...

Children likely to get priority in next budget

Children likely to get priority in next budget

Jasim Uddin Haroon 2018-05-12 16:54:40

The government is likely to prioritise issues relating to children in the upcoming budget to be placed on June 07 next as it believes investment in infants will have their lifelong impacts, said peopl...

Malaysian economy likely to grow 5.5pc to 6pc in 2018

Malaysian economy likely to grow 5.5pc to 6pc in 2018

-- 2018-05-12 14:41:12

Malaysian new government is likely to maintain real gross domestic product (GDP) growth forecast range of 5.5 per cent to 6 per cent this year, analysts have said. The Affin Hwang Capital Research sa...

Trump’s Iran deal may help boost Indian commodity exports

Trump’s Iran deal may help boost Indian commodity exports

-- 2018-05-12 13:53:42

US President Donald Trump’s decision to re-impose economic sanctions on Iran may help boost India's exports of agri-commodities, mainly due to rupee-riyal payment mechanism, trade insiders said....

NASA to fly a helicopter on Mars

NASA to fly a helicopter on Mars

-- 2018-05-12 12:51:43

NASA said on Friday it will send a small helicopter to Mars as part of the US space agency’s 2020 mission to place a next-generation rover on the Martian surface, marking the first time such an...

China hikes retail fuel price

China hikes retail fuel price

-- 2018-05-12 12:43:14

China will lift the retail prices of gasoline and diesel from Saturday, the sixth increase this year, the National Development and Reform Commission (NDRC) announced on Friday. The NDRC said that as...

Cos embrace Oracle Cloud

Cos embrace Oracle Cloud

FE Online Desk 2018-05-12 12:03:07

  Companies and organisations around the globe are rapidly adopting Oracle Cloud solutions. Offering its customers a unique advantage, Oracle is the only provider to deliver a complete cloud...

Local ground stations get signal from satellite

Local ground stations get signal from satellite

FE Online Desk 2018-05-12 11:27:00

The country’s ground stations have successfully received initial test signals following the deployment of its first satellite to its geostationary orbit, State Minister for ICT Junair Ahmed Pala...

Bangladesh in space, with a bang

Bangladesh in space, with a bang

-- 2018-05-12 10:02:07

Bangladesh’s space age has dawned with the successful launch of Bangabandhu-1 satellite by SpaceX into orbit after 24 hours of high drama following an automatic abort at the first attempt. The...

Unapproved projects rule chart

Unapproved projects rule chart

FHM Humayan Kabir 2018-05-12 09:43:24

The government has included a record number of 1,664 unapproved fresh projects in the Annual Development Programme (ADP) for the next fiscal year, mostly on political considerations, insiders said F...

Land disputes threaten Sreehatta zone

Land disputes threaten Sreehatta zone

Jasim Uddin Haroon and Jubair Hasan 2018-05-12 09:39:01

The fate of Sreehatta economic zone is hanging in the balance because of the legal complexities over land acquisition. Such uncertainty has resulted in an unofficial halt in the development work of t...

Guidelines for investment abroad ready

Guidelines for investment abroad ready

Syful Islam 2018-05-12 00:57:50

Bangladeshi entrepreneurs may be allowed to make equity investment aboard up to 25 per cent of their net annual income from exports, officials said. However, they will have to take prior permission f...

Solar home scheme gets major blow

Solar home scheme gets major blow

Mehdi Musharraf Bhuiyan 2018-05-12 00:54:10

Bangladesh's acclaimed solar home scheme is facing difficulties in recent years due to "lack of coordination" among relevant government agencies, according to a new report. The installation of new so...

FDI from China up slightly in 2017

FDI from China up slightly in 2017

FE Online Report 2018-05-11 16:39:02

Net inflow of Foreign Direct Investment (FDI) from China increased moderately in the past calendar year. Bangladesh Bank data showed that FDI from China in net term stood at $68.58 million in the pas...

Moheskhali’s blooming into industrial hub looks likely

Moheskhali’s blooming into industrial hub looks likely

Jasim Uddin Haroon and Jubair Hasan 2018-05-11 16:07:10

Southeastern Moheskhali may blossom into an 'integrated' industrial hub as the country's investment promotion agency has planned to set up seven economic zones on the Cox's Bazar island. The land are...

RRB to fill 0.9m vacancies in 2018

RRB to fill 0.9m vacancies in 2018

-- 2018-05-11 14:35:00

The Railway Recruitment Board (RRB), Indian government organisation which manages the appointment of new employees to work in the railways, will fill 90,000 vacancies by this year. The Indian Railway...

US commercial drones get green light

US commercial drones get green light

-- 2018-05-11 14:16:16

Drones that monitor crops, control mosquito populations and deliver defibrillators are to be tested in US airspace. Ten commercial drone projects have been selected to try out new ways for unmanned a...

Bangabandhu-1 satellite: How much commercial viability it has

Bangabandhu-1 satellite: How much commercial viability it has

-- 2018-05-11 13:01:45

Bangladeshis are deeply curious as much about Bangabandhu-1, which is set to ride to orbit early on Saturday, as they are about the commercial possibilities of their first satellite. The government s...

US CPI inches up in April

US CPI inches up in April

-- 2018-05-11 12:44:55

The consumer price index (CPI) of United States increased slightly in April, suggesting that the Federal Reserve might continue current gradual pace in tightening the monetary policy. The CPI rose...

Cisco pulls all online ads from YouTube

Cisco pulls all online ads from YouTube

-- 2018-05-11 11:45:10

Network gear maker Cisco Systems Inc is pulling all online ads from YouTube due to fears of the ads appearing on sensitive content on the platform, Cisco’s chief marketing officer, Karen Walker,...

Satellite to save, earn foreign currency, says Palak

Satellite to save, earn foreign currency, says Palak

-- 2018-05-11 10:11:15

Bangabandhu-1, the first satellite of Bangladesh scheduled to be launched on May 11, is expected to save as well as earn foreign currency, said Sate Minister for ICT Zunaid Ahmed Palak. In a statemen...

Satellite launch postponed at last minute

Satellite launch postponed at last minute

-- 2018-05-11 09:47:22

A last-minute technical glitch prompted SpaceX on Thursday to postpone for at least 24 hours the first commercial flight of its updated Falcon 9 rocket, a launch vehicle tailored for eventual crewed m...

NGOs call for recognising  women’s unpaid work

NGOs call for recognising women’s unpaid work

FE Report 2018-05-11 00:27:26

There is a need for recognising women's unpaid work that usually falls outside the boundary of production, representatives of NGOs (non-governmental organisations) said Thursday. They said that the...

China's J-20 stealth jets start combat drills

China's J-20 stealth jets start combat drills

-- 2018-05-10 15:16:18

China's J-20 stealth fighter jets have begun their first-ever combat training over the ocean, a spokesperson confirmed Wednesday. "It will help the air force better fulfill its sacred duty of safegua...

NEC approves Tk 1.73 trillion ADP for FY19

NEC approves Tk 1.73 trillion ADP for FY19

FE Online Report 2018-05-10 14:45:05

The National Economic Council (NEC) has approved a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal year (FY19). The approval came at a meeting at the NEC conference r...