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The Financial Express

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BB eases sale process for foreigners to attract FDI

BB eases sale process for foreigners to attract FDI

FE Report 2018-05-07 10:03:16

The central bank has simplified and rationalised the sale process of foreigners' equity investment in both public and private entities to attract more foreign direct investment (FDI) in Bangladesh. U...

Country-focused SEZs make little headway

Country-focused SEZs make little headway

Jasim Uddin Haroon and Jubair Hasan 2018-05-07 09:55:58

The government's initiative to develop country-specific special economic zones (SEZs) has so far made little headway, thus impeding efforts to help attract sizeable foreign investments. Though the Ba...

Experts paint dismal picture of land planning in country

Experts paint dismal picture of land planning in country

FE Report 2018-05-06 17:23:59

Planning experts at a programme on Saturday said Bangladesh could not bring even one per cent area under proper planning. Although it is claimed that 6.0 per cent of the country's land area has been...

Bank of England to keep rates steady

Bank of England to keep rates steady

-- 2018-05-06 15:06:16

The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will...

FDI from USA drops sharply

FDI from USA drops sharply

FE Online Report 2018-05-06 13:45:42

Net inflow of Foreign Direct Investment (FDI) from the United States of America (USA) to Bangladesh dropped by 23.50 per cent in 2017. Latest statistics, released by Bangladesh Bank, showed that net...

Memory storage technologies becoming more efficient: Study

Memory storage technologies becoming more efficient: Study

-- 2018-05-06 13:36:42

A team led by University of Washington researchers reported on Thursday in the journal Science a new way to encode information using magnets that are just a few layers of atoms in thickness. The find...

Buffett craves more Apple shares, clears its buybacks

Buffett craves more Apple shares, clears its buybacks

Reuters 2018-05-06 13:03:05

Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual sharehol...

DCCI seeks cut in corporate tax, surcharge on net wealth

DCCI seeks cut in corporate tax, surcharge on net wealth

FE Report 2018-05-06 10:12:01

Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to reduce corporate tax and surcharge on net wealth in the upcoming budget for the fiscal year (FY) 2018-19. It made the call fo...

Non-tax revenue sees negative growth in May-Feb

Non-tax revenue sees negative growth in May-Feb

Doulot Akter Mala 2018-05-06 10:09:54

The non-tax revenue dived even as the cumulative collection of domestic revenue grew 54.55 per cent to Tk 1.26 trillion in the eight months to February, the ministry of finance said. Tax, non-tax and...

Slow land dev delaying economic zones

Slow land dev delaying economic zones

Jasim Uddin Haroon and Jubair Hasan 2018-05-06 09:44:52

Land development and the construction of embankment have emerged as the most challenging task, raising fear about missing deadlines for the country's major economic zones. The problems pushed the bui...

NASA launches spacecraft to Mars to dig the red planet

NASA launches spacecraft to Mars to dig the red planet

-- 2018-05-05 20:45:02

A robotic geologist armed with a hammer and quake monitor rocketed toward Mars on Saturday, aiming to land on the red planet and explore its mysterious insides. In a twist, NASA launched the Mars InS...

South Africa’s economy to grow by 5pc until 2026

South Africa’s economy to grow by 5pc until 2026

-- 2018-05-05 18:28:00

South Africa will sustain average economic growth of 4.91 per cent per year for the next eight years until 2026, according to a new report by Harvard University’s Centre for International Develo...

California's economy surpasses UK's to become world's fifth biggest

California's economy surpasses UK's to become world's fifth biggest

-- 2018-05-05 18:14:20

California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public on Friday. Despite having a population of only...

ADB’s new strategy eyes resilient, inclusive Asia-Pacific

ADB’s new strategy eyes resilient, inclusive Asia-Pacific

SM Jahangir from Manila, Philippines 2018-05-05 16:54:27

The Asian Development Bank (ADB) will pursue a new ‘Strategy 2030’ aiming to attain a resilient, inclusive, prosperous and sustainable Asia and the Pacific. Tackling poverty and rising in...

Annan tells Facebook to act faster on hate speech

Annan tells Facebook to act faster on hate speech

-- 2018-05-05 16:25:41

Former UN chief Kofi Annan has urged Facebook Inc to consider establishing a special team to respond more quickly to threats of sectarian violence in countries such as Myanmar that are at high risk....

BB suggests floating bonds, instead of bank loans

BB suggests floating bonds, instead of bank loans

Syful Islam 2018-05-05 16:08:01

The Bangladesh Bank (BB) has identified three reasons for finding alternative sources of long-term financing instead of the banking system. "Arranging long-term fund through floating corporate bonds,...

FDI from India hits record high

FDI from India hits record high

FE Online Report 2018-05-05 13:33:47

Net inflow of Foreign Direct Investment (FDI) from India to Bangladesh rose by 44.76 per cent in the past year, central bank statistics showed. The Bangladesh Bank data showed that the FDI from the n...

‘APSTAR-6C’ communication satellite hits orbit

‘APSTAR-6C’ communication satellite hits orbit

-- 2018-05-05 13:20:31

China launched a new communication satellite "APSTAR-6C" at 12:06 am Friday at the southwestern Xichang Satellite Launch Centre. The satellite was sent into orbit by the Long March-3B carrier rocket....

S&P Global Ratings lowers  its issuer credit rating on PT MNC Investama

S&P Global Ratings lowers its issuer credit rating on PT MNC Investama

FE Online Desk 2018-05-05 13:05:41

  SINGAPORE (S&P Global Ratings) May 4--S&P Global Ratings today lowered its issuer credit rating on PT MNC Investama Tbk. to 'D' from 'CC'. "At the same time, we lowered our issue r...

US unemployment rate falls in April

US unemployment rate falls in April

-- 2018-05-05 11:48:32

US unemployment rate fell to 3.9 per cent in April, less than expected, after flatling at 4.1 per cent for six straight months, but job growth edged up in the previous month, official data showed. It...

Central bank’s combat plan takes shape by August

Central bank’s combat plan takes shape by August

Rezaul Karim 2018-05-05 09:53:36

Bangladesh Bank (BB) expects to unveil a three-year national strategy by August next aiming to take necessary actions against financial crimes, officials said. A draft roadmap for formulating 'nation...

Delay in approval affects third Indian LoC project execution

Delay in approval affects third Indian LoC project execution

FHM Humayan Kabir 2018-05-05 09:49:34

Project implementation under the latest $4.5 billion Indian line of credit (LoC) is getting affected at the beginning stage, as New Delhi is not approving three development projects under the third...

High interest rates hurting the poor: speakers

High interest rates hurting the poor: speakers

-- 2018-05-04 19:21:42

High interest rate is hurting the poor and banking sector is going through turmoil, said speakers at a discussion on Friday.   They also underscored the need for steps to overcome its challenges...

US jobs growth less than expected, nevertheless unemployment dips

US jobs growth less than expected, nevertheless unemployment dips

-- 2018-05-04 19:04:13

US jobs growth was slower than expected in April, as employers added 164,000 positions. The unemployment rate nevertheless fell to 3.9 per cent, the first time it has dipped below 4 per cent since 20...

Political stability big challenge to continue growth: ADB 

Political stability big challenge to continue growth: ADB 

-- 2018-05-04 18:29:01

The Asian Development Bank (ADB) has said maintaining political stability in Bangladesh remains a big challenge for the country to continue the current development trend. "It's a big challenge for B...

Climate-smart farming can help tackle food security challenges

Climate-smart farming can help tackle food security challenges

FE Report 2018-05-04 16:44:32

Experts at a programme Thursday stressed the need for following open trade policies and focusing more on climate-smart agriculture to address the food security challenges. They criticised the dual po...

NIESR cuts growth forecast after weak Q1

NIESR cuts growth forecast after weak Q1

-- 2018-05-04 15:16:12

The National Institute of Economic and Social Research (NIESR) has cut its 2018 growth forecast for Britain to 1.4 per cent from previous forecast as the economy grew slower in the first quarter (Q1...

Twitter urges all users to change passwords after bug

Twitter urges all users to change passwords after bug

-- 2018-05-04 10:19:24

Twitter has urged its more than 330 million users to change their passwords after a glitch caused some to be stored in readable text on its internal computer system rather than disguised by a proces...

ADB to continue support for BD, says its chief

ADB to continue support for BD, says its chief

S M Jahangir from Manila 2018-05-04 10:01:55

Asian Development Bank (ADB) President Takehiko Nakao has said the Bank will continue its support for Bangladesh for its future economic development. Also lauding Bangladesh's ongoing economic growth...

BB seeks Tk 6.0b to finance farm projects under EEF

BB seeks Tk 6.0b to finance farm projects under EEF

Syful Islam 2018-05-04 09:55:00

The Bangladesh Bank (BB) has sought an allocation of Tk 6.0 billion for its Equity and Entrepreneurship Fund (EEF) in the fiscal year of 2019 to finance agro-based projects, officials said. Presently...