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The Financial Express

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Japan's cryptocurrency exchanges face shortage of engineers

Japan's cryptocurrency exchanges face shortage of engineers

-- 2018-04-06 13:47:09

When cryptocurrency exchange Coincheck Inc explained how hackers made off with $530 million in digital money, it said part of the problem was beyond its control: Japan’s lack of software enginee...

MAS likely to tighten monetary policy in April

MAS likely to tighten monetary policy in April

-- 2018-04-06 12:58:20

The Monetary Authority of Singapore (MAS), central bank of the Asian country, is expected to tighten monetary policy in April for the first time in six years, reports Reuters. A Reuters survey, pr...

ADB launches new procurement policy

ADB launches new procurement policy

FE Report 2018-04-06 11:10:33

The government and the Asian Development Bank (ADB) have reviewed the implementation status and readiness of the lender's assisted projects in Bangladesh to further improve development results. The A...

Emphasis on flexible tax policy to entice FDI

Emphasis on flexible tax policy to entice FDI

FE Online Report 2018-04-05 20:26:40

The country’s investment promotion authorities urged the government’s revenue authority to adopt a more flexible tax policy to woo more foreign direct investment (FDI). The suggestions...

I'm still the man to run Facebook, says Zuckerberg

I'm still the man to run Facebook, says Zuckerberg

-- 2018-04-05 16:26:15

Despite the turmoil that continues to surround his company, Mark Zuckerberg has insisted he is still the best person to lead Facebook. "When you're building something like Facebook which is unprecede...

Nepal has Rs 9.5b in demonetised Indian notes

Nepal has Rs 9.5b in demonetised Indian notes

-- 2018-04-05 13:40:51

Nepali Prime Minister K P Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large south...

China to develop industrial zone in Ctg

China to develop industrial zone in Ctg

-- 2018-04-05 13:19:55

China is developing a 750-acre industrial park in Bangladesh which will largely be used by Chinese manufacturing firms, a Chinese official said on Wednesday, part of its push to expand links with Sout...

HP launches special printer for educational sector

HP launches special printer for educational sector

FE Online Desk 2018-04-05 12:36:24

Unique Business System Limited has launched HP DesignJet printer in Bangladesh consisting of special features to simplify the educational curriculum operations in the country’s institutes. T...

Facebook data leak hits 87 million users

Facebook data leak hits 87 million users

-- 2018-04-05 11:33:03

Facebook Inc said on Wednesday the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica, up from...

NOAB demands keeping print media out of tax net

NOAB demands keeping print media out of tax net

FE Report 2018-04-05 10:05:16

Newspaper owners on Wednesday proposed the government to keep the print media out of tax net considering it a "sick" industry, which would perish gradually with the expansion of digital media. The le...

Banking sector growth likely to decline in FY ’18

Banking sector growth likely to decline in FY ’18

 FHM Humayan Kabir 2018-04-05 09:31:15

A number of scams along with troubles of varying nature have hit the growth of the country's banking sector, as its expansion rate is likely to drop by 1.32 percentage points in the current fiscal yea...

Remote places to get high-speed internet soon: Jabbar

Remote places to get high-speed internet soon: Jabbar

-- 2018-04-04 22:32:05

Post, Telecommunications and Information Technology Minister Mustafa Jabbar has said that the government will provide high-speed internet in all remote places of the country by this year.  "Thro...

BD to get 85.11m euro from IDB for rural, peri-urban housing

BD to get 85.11m euro from IDB for rural, peri-urban housing

-- 2018-04-04 19:32:00

Bangladesh will receive 85.11 million Euro in loan from the Islamic Development Bank (IDB) for rural and peri-urban housing. Bangladesh signed a loan agreement with this Jeddah-based lending agency o...

Many businesses balk at paying  VAT unlike income tax: NBR chief

Many businesses balk at paying VAT unlike income tax: NBR chief

FE Online Report 2018-04-04 15:49:52

Many business entities are reluctant to pay VAT (value added tax) to the government exchequer as it is yet to get acceptance like income tax, National Board of Revenue (NBR) chairman Md Mosharraf Hoss...

Sri Lanka central bank cuts key rate amid slow growth

Sri Lanka central bank cuts key rate amid slow growth

-- 2018-04-04 15:36:02

The Central Bank of Sri Lanka (CBSL) cut its key lending rate by 25 basis points on Wednesday. The central bank unexpectedly cut the key rate as policy makers sought to revitalise an economy growin...

Zipline blood delivery drone applies for US trial

Zipline blood delivery drone applies for US trial

-- 2018-04-04 14:46:04

Drone delivery firm Zipline has revealed a new aircraft that it says will let it make up to 500 deliveries every day. Zipline operates a commercial service delivering blood supplies in Rwanda. The n...

UK shop prices drop in March

UK shop prices drop in March

-- 2018-04-04 14:19:19

British shop prices dropped in March at the fastest pace in more than a year, adding to signs that inflation pressure caused by the pound’s post-Brexit drop is fading away, an industry survey sh...

59pc of APAC financial cos to invest in real-time detection of fraud

59pc of APAC financial cos to invest in real-time detection of fraud

FE Online Desk 2018-04-04 14:04:51

The detection of fraud is a key concern for companies around the world, particularly for consumer banking and credit card companies. 78 per cent of retail banking and cards companies are most concern...

Road ministry seeks 74pc higher fund

Road ministry seeks 74pc higher fund

FHM Humayan Kabir 2018-04-04 12:29:37

The ministry of road transport and bridges has sought Tk 430.48 billion in the next development budget, up 74 per cent it received in the last fiscal year. In the last financial year of 2017-18, the...

BB cuts banks’ CRR, effective from Apr 15

BB cuts banks’ CRR, effective from Apr 15

FE Report 2018-04-04 12:24:20

The central bank of Bangladesh slashed on Tuesday the cash reserve requirement (CRR) by 1.0 percentage point to 5.50 per cent, enabling all the scheduled banks to use Tk 101 billion worth of additiona...

Economy encountering money market, BoP imbalances

Economy encountering money market, BoP imbalances

Asjadul Kibria 2018-04-04 12:17:15

The ongoing chaos in the country's financial market is the manifestation of inefficiency in managing the macro-economy, economists said. They warned that measures taken lately to shore up liquidity i...

Export earnings decline by 1.38pc in March

Export earnings decline by 1.38pc in March

FE Report 2018-04-04 00:33:59

The country's export earnings in March dropped by 1.38 per cent to $3.05 billion, compared to the corresponding month of last calendar year, according to officials data released on Tuesday. In March...

BB fixes fees against loans for financial institutions

BB fixes fees against loans for financial institutions

-- 2018-04-03 18:13:17

Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs). As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be th...

ECNEC approves 10 projects worth Tk 34.16b

ECNEC approves 10 projects worth Tk 34.16b

FE Online Report 2018-04-03 17:58:41

The Executive Committee of the National Economic Council (ECNEC) approved 10 projects at a combine cost of Tk 34.16 billion at its meeting Tuesday. Prime Minister Sheikh Hasina presided over the meet...

Inflation rate drops slightly in March

Inflation rate drops slightly in March

FE Online Report 2018-04-03 16:59:54

The point-to-point inflation rate in the last month March of the current fiscal dropped to 5.68 per cent compared to that of 5.72 per cent in the previous month February. Bangladesh Bureau of Statist...

Zuckerberg aware of anti-Rohingya propaganda spread through Facebook

Zuckerberg aware of anti-Rohingya propaganda spread through Facebook

-- 2018-04-03 16:54:30

Facebook's chief executive and co-founder Mark Zuckerberg on Monday said the social media company is aware that its tools have been used to spread anti-Rohingya propaganda and "incite real harm" in My...

DCCI proposes NBR to slash corporate tax rates

DCCI proposes NBR to slash corporate tax rates

FE Online Report 2018-04-03 15:37:14

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday proposed the revenue authority to slash corporate tax rates in phases for listed and non-listed companies in the upcoming budget. The ch...

Bangladesh estimates 7.65pc growth for FY18

Bangladesh estimates 7.65pc growth for FY18

-- 2018-04-03 14:25:28

Bangladesh has estimated that per capita income will rise to $1,752 in the current fiscal year (FY) ending Jun 30 from $1,610 a year ago. Planning Minister AHM Mustafa Kamal revealed the information...

Export earnings up by 6.33pc in nine months

Export earnings up by 6.33pc in nine months

FE Online Report 2018-04-03 14:06:47

The country's export earnings maintained a moderate growth of 6.33 per cent during the first nine months of the current fiscal year (FY), 2017-18. The export earnings stood at US$27.45 billion during...

Facebook's Zuckerberg fires back at Apple's Tim Cook

Facebook's Zuckerberg fires back at Apple's Tim Cook

-- 2018-04-03 13:50:00

Facebook's chief executive has defended his leadership following criticism from his counterpart at Apple. Mark Zuckerberg said it was "extremely glib" to suggest that because the public did not pay t...