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NBR to observe revenue ‘Halkhata’ on Sunday

NBR to observe revenue ‘Halkhata’ on Sunday

FE Online Desk 2018-04-10 14:49:19

The National Board of Revenue (NBR) will observe revenue Halkhata on April 15 next, on the occasion of Pahela Baishakh, in a bid to encourage taxpayers clear their long-pending dues on that day. Md M...

All facilities now powered by clean energy, says Apple

All facilities now powered by clean energy, says Apple

-- 2018-04-10 14:16:19

Technology giant Apple Inc on Monday said it had achieved its goal of powering all of the company’s facilities with renewable energy, a milestone that includes all of its data centres, offices a...

Chinese investment in US falls sharply

Chinese investment in US falls sharply

-- 2018-04-10 13:46:38

Chinese investment in the US plunged last year as tensions between the two countries mounted. The value of deals announced in 2017 fell by more than 90 per cent from the year before, according to joi...

Zuckerberg prepares for Senate hearing

Zuckerberg prepares for Senate hearing

-- 2018-04-10 13:44:06

Facebook founder and Chief Executive Officer (CEO) Mark Zuckerberg’s No. 1 mission during his appearance before US lawmakers on Tuesday and Wednesday will be to defend against calls to regulate...

Budget to 'rationalise' rate, cut layers

Budget to 'rationalise' rate, cut layers

FE Report 2018-04-10 10:17:55

The budget for the upcoming fiscal year, 2018-19, would explore ways for 'rationalising' the existing corporate tax rate in the country, Finance Minister A M A Muhith said in the capital on Monday. "...

NBR seeks explanation from Agrani

NBR seeks explanation from Agrani

Doulot Akter Mala 2018-04-10 10:11:29

The National Board of Revenue (NBR) has issued a show cause notice on Agrani Bank following the state-owned bank's failure to pay value added tax (VAT) and excise duty worth Tk 400 million to it (NBR)...

Submit action plans to bring down ADR limit, BB asks banks

Submit action plans to bring down ADR limit, BB asks banks

Siddique Islam 2018-04-10 09:31:06

The central bank has asked the banks to submit their specific action plans to its department concerned by April 30 to help bring down the advance-deposit ratio (ADR) limit at required level, officials...

WB to provide loan of $515m for two projects

WB to provide loan of $515m for two projects

-- 2018-04-09 19:04:53

The World Bank is set to provide a loan of $515 million financial assistance for two projects in the power transmission and insurance sectors in the country. To this end, two separate agreements will...

WB questions government data about GDP growth

WB questions government data about GDP growth

FE Online Report 2018-04-09 18:29:14

The World Bank (WB) on Monday has expressed doubts about the Bangladesh’s 7.65 per cent GDP growth projection for the current fiscal raising questions regarding some government data. The Washin...

Security app ‘Self Protect’ launched in Meherpur

Security app ‘Self Protect’ launched in Meherpur

-- 2018-04-09 15:58:35

A Smartphone-based security app ‘Self Protect’, developed with an aim to reduce crimes in the society, has been launched in Meherpur. Saddam Hossien, a local youth developed the app that...

Alibaba creates 36.8m jobs in 2017

Alibaba creates 36.8m jobs in 2017

-- 2018-04-09 14:56:10

Alibaba Group Holding Limited, Chinese multinational e-commerce, retail, Internet, AI and technology conglomerate, created over 36.8 million jobs last year via its expansive retail ecosystem. The com...

ESCAP launches online toolbox on social protection

ESCAP launches online toolbox on social protection

-- 2018-04-09 14:32:40

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) has launched an innovative online platform in Bangkok aiming to support countries building inclusive social protection systems th...

German exports plunge to 2-1/2 year-low

German exports plunge to 2-1/2 year-low

-- 2018-04-09 14:27:13

German exports plunged unexpectedly in February, posting their biggest monthly drop in 2-1/2 years and narrowing the trade surplus, data showed on Monday. Seasonally adjusted exports of the fourth la...

Zuckerberg to meet with US lawmakers Monday

Zuckerberg to meet with US lawmakers Monday

-- 2018-04-09 12:44:12

Facebook Inc Chief Executive Officer Mark Zuckerberg will hold meetings with some US lawmakers on Monday, a day before he is due to appear at Congressional hearings over a political consultancy’...

Raise savings tools’ investment ceiling

Raise savings tools’ investment ceiling

FE Report 2018-04-09 10:28:39

Government secretaries have requested the finance minister to raise the ceiling on investment in savings tools to help them during their old age, sources said. They made the request at a pre-budget d...

New move to conduct seismic survey in offshore blocks

New move to conduct seismic survey in offshore blocks

M Azizur Rahman 2018-04-09 09:43:15

The government has moved afresh to carry out seismic survey in offshore blocks to acquire data on hydrocarbon deposits to chalk out future steps for ensuring the country's energy security. State-run...

Lending rate will drop to single digit soon, economists hope

Lending rate will drop to single digit soon, economists hope

-- 2018-04-08 18:40:48

Economists said interest rate should come down to single digit soon as the recent downward adjustment of cash reserve requirement (CRR) and the  decision to keep 50 per cent of state agencies&rsq...

Hotel and restaurant sector set to post higher growth

Hotel and restaurant sector set to post higher growth

FE Online Report 2018-04-08 16:49:52

Country’s hotel and restaurant sector is going to post higher growth in the ongoing fiscal year. Provisional estimation of the national income, released by the Bangladesh Bureau of Statistics (...

Developing nations to study ways to dim sunshine, slow warming

Developing nations to study ways to dim sunshine, slow warming

-- 2018-04-08 10:05:39

Scientists in developing nations plan to step up research into dimming sunshine to curb climate change, hoping to judge if a man-made chemical sunshade would be less risky than a harmful rise in globa...

Shortfall forces NBR to consider trimming tax collection target

Shortfall forces NBR to consider trimming tax collection target

Doulot Akter Mala 2018-04-08 09:43:55

The government is considering chopping its tax revenue collection target by nearly Tk 280 billion after the receipt dropped in the seven months to February. The National Board of Revenue's tax collec...

'Diversification in local businesses creating better future for economy'

'Diversification in local businesses creating better future for economy'

-- 2018-04-07 18:49:51

Next decade for Bangladesh economy looks bright as diversification in local businesses beyond the RMG sector is shaping the country for a better future. Bangladesh Bank's Chief Economist Faisal Ahmed...

Facebook to introduce 'unsend' option in Messenger

Facebook to introduce 'unsend' option in Messenger

-- 2018-04-07 17:28:28

Facebook will introduce an unsend button in Messenger, which would let a user erase an unwanted message from their recipient’s inbox, as well as their own. The development immediately follows b...

Myanmar earns $1.1b from rice export in FY 2017-18

Myanmar earns $1.1b from rice export in FY 2017-18

-- 2018-04-07 14:38:38

Myanmar has earned over 1.11 billion US dollars from rice and broken rice export in the fiscal year 2017-2018 which ended in March, the Myanmar Rice Federation said Saturday. From April 1, 2017 to M...

Facebook backs political ad bill, sets limits on 'issue ads'

Facebook backs political ad bill, sets limits on 'issue ads'

-- 2018-04-07 12:56:27

Facebook Inc backed for the first time on Friday proposed legislation requiring social media sites to disclose the identities of buyers of online political campaign ads and introduced a new verificati...

US economy creates 103,000 jobs in March

US economy creates 103,000 jobs in March

-- 2018-04-07 12:51:11

The US economy created 103,000 jobs in March while the wage growth picked up a bit. Average hourly earnings rose eight cents or 0.3 per cent last month after edging up 0.1 per cent in February. Nonfa...

Current yield rates on savings certificates to stay: NBR chief

Current yield rates on savings certificates to stay: NBR chief

FE Online Report 2018-04-07 12:24:57

The government has no plan to cut yield rates on state-owned savings certificates, said National Board of Revenue (NBR) chairman Mosharraf Hossain Bhuiyan on Saturday. Despite the interest payments b...

Project aid allocation worth Tk 600b likely

Project aid allocation worth Tk 600b likely

FHM Humayan Kabir 2018-04-07 09:27:11

The government is likely to earmark more than Tk 600 billion as project aid in the development budget for the next financial year (FY) 2018-19, up 16 per cent from the outlay for the current FY, offic...

Stunning success in using Japanese aid

Stunning success in using Japanese aid

Syful Islam 2018-04-07 00:08:34

Bangladesh achieved considerable progress in utilising Japan's aid loan in the Japanese financial year ending in March, data shows. The disbursement of overseas development assistance loan from JICA...

Black holes huddling at the centre of our galaxy

Black holes huddling at the centre of our galaxy

-- 2018-04-06 20:28:52

Black holes are hanging out at the centre of our galaxy by the thousands, according to scientists who have detected a bunch of them in the neighbourhood of a supermassive black hole already known to r...

Remittance inflow jumps by 17.04pc in nine months

Remittance inflow jumps by 17.04pc in nine months

-- 2018-04-06 19:38:39

Remittance inflow in the first nine months rose by 17.04 per cent to that of the corresponding period of the previous fiscal. As per Bangladesh Bank (BB) data, expatriate Bangladeshis sent US $10,761...