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The Financial Express

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China raises short-term market interest rates

China raises short-term market interest rates

-- 2018-03-22 17:44:21

China has raised its short-term market interest rates by 5 basis points (bps) following the US Federal Reserve Bank’s move overnight. The People’s Bank of China (PBOC) hiked the interest...

Govt launches project to address post-LDC challenges

Govt launches project to address post-LDC challenges

FE Online Report 2018-03-22 17:36:35

The government launched 'Export Diversification and Competitiveness Development Project (Tier-2)' at a programme at CIRDAP auditorium in the capital on Thursday. Organised by the Ministry of Commerce...

India suspends Cambridge Analytica website

India suspends Cambridge Analytica website

FE Online Desk 2018-03-22 11:53:22

India has taken down the local website of Cambridge Analytica following allegations the company used personal data of 50 million Facebook members to influence the US presidential election. The accoun...

BB eases forex rules for shipping lines

BB eases forex rules for shipping lines

FE Report 2018-03-22 10:03:48

The central bank has relaxed foreign exchange regulations allowing the shipping lines to issue bills of lading to the name of importers after receiving advance payment instead the name of banks earlie...

Credit binge squeezes banks' liquidity

Credit binge squeezes banks' liquidity

Siddique Islam 2018-03-22 09:29:29

The overall excess liquidity with the country's banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the c...

Zuckerberg 'sorry' over data breach

Zuckerberg 'sorry' over data breach

BBC 2018-03-22 00:00:00

Facebook founder Mark Zuckerberg has admitted that the social network "made mistakes" that led to millions of Facebook users having their data exploited by a political consultancy. Cambridge Analytic...

Technology giants face European 'digital tax' blow

Technology giants face European 'digital tax' blow

-- 2018-03-21 19:57:44

Big technology firms will have to pay more tax under plans announced by the European Commission. It said companies with significant online revenues should pay a 3.0 per cent tax on turnover for vario...

WeChat faces threat as China smartphone brands team up on apps

WeChat faces threat as China smartphone brands team up on apps

-- 2018-03-21 19:45:43

China’s biggest smartphone makers are collaborating to promote download-free “fast apps”, in a move backed by the government and likely to threaten Tencent Holdings’ grip on mo...

Germany eyes 2.3pc GDP growth in 2018

Germany eyes 2.3pc GDP growth in 2018

-- 2018-03-21 19:16:28

The panel of economic advisers to the German government on Wednesday raised its growth forecast for the country to 2.3 per cent this year. They raised the growth forecast despite giving a stark war...

IMF for G20 policies to make growth more resilient

IMF for G20 policies to make growth more resilient

FE Online Desk 2018-03-21 11:42:49

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) Tuesday said the world is now passing an opportune moment to implement reforms to make growth more solid, sustainable, bal...

Factors that banks in major emerging markets are currently facing

Factors that banks in major emerging markets are currently facing

FE Online Desk 2018-03-21 11:24:47

SINGAPORE (S&P Global Ratings) March 21—While the improving global economy will help banks in the BRICS countries, S&P Global Ratings addresses the main risks confronting the lenders in...

RHD in a fix over extent of land acquisition

RHD in a fix over extent of land acquisition

Munima Sultana 2018-03-21 11:04:03

Roads and Highways Department (RHD) is in difficulty to implement its next four-lane highway project than other such projects due to requirement of acquiring a greater extent of land to widen only 190...

Cambridge Analytica influenced US election: CEO

Cambridge Analytica influenced US election: CEO

-- 2018-03-21 09:57:06

The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast on Tuesday that his UK-based political consultancy’s online campaign played a decisive role in US...

Economy fosters ‘job-rich growth’

Economy fosters ‘job-rich growth’

FE Report 2018-03-21 09:48:06

An official ratings agency says the Bangladesh economy can boast of fostering a 'job-rich growth', with the jobless rate remaining static at only 4.2 per cent last fiscal. Bangladesh Bureau of Statis...

Wider NBR drive to detect tax-dodging foreigners

Wider NBR drive to detect tax-dodging foreigners

Doulot Akter Mala 2018-03-21 09:26:22

Smelling large information gap in the data about registered foreign workers in Bangladesh, the tax authority now takes a wider survey on 40 companies to detect undocumented ones. As per the data comp...

S Africa's CPI to slow in February

S Africa's CPI to slow in February

-- 2018-03-20 14:57:22

The headline consumer inflation of South Africa slowed to 4.0 per cent year-on-year in February from 4.4 per cent in January, data from Statistics South Africa showed on Tuesday. On a month-on-mont...

Amu seeks WIPO support to accelerate industrialisation

Amu seeks WIPO support to accelerate industrialisation

-- 2018-03-20 14:47:33

Industries Minister Amir Hossain Amu on Monday sought technical support from the World Intellectual Property Organisation (WIPO) to accelerate the country's industrialisation. "Under the prudent poli...

Apple grabs two-year lead in 3D sensing race

Apple grabs two-year lead in 3D sensing race

-- 2018-03-20 14:32:06

Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and othe...

Strong activity in Q1, but trade risks loom at APAC region

Strong activity in Q1, but trade risks loom at APAC region

FE Online Desk 2018-03-20 13:59:09

SINGAPORE (S&P Global Ratings) March 20--Trade risks could cast a shadow on strong economic activity in Asia-Pacific in the first quarter of 2018, said S&P Global Ratings in a report publish...

Uber halts self-driving car tests after death

Uber halts self-driving car tests after death

-- 2018-03-20 11:05:51

Uber said it is suspending self-driving car tests in all North American cities after a fatal accident. A 49-year-old woman was hit by a car and killed as she was crossing the street in Tempe, Arizo...

CCCI moves to build SEZ with own fund

CCCI moves to build SEZ with own fund

Our Correspondent 2018-03-20 10:55:43

With support of all directors and members, Chittagong Chamber of Commerce and Industry (CCCI) has decided to build a special economic zone (SEZ) here with its own fund. The decision was taken at an e...

New garment wage proposals to be ready in six months

New garment wage proposals to be ready in six months

FE Report 2018-03-20 09:19:35

The garment sector wage board asked the representatives of owners and workers to submit proposals for the minimum monthly pay for the entry-level workers. The board asked the parties to submit the pr...

Cost climbs as VAT  digitisation process lies in limbo

Cost climbs as VAT digitisation process lies in limbo

Doulot Akter Mala 2018-03-20 00:25:38

The digitisation process of the value-added tax (VAT) system under the VAT online project (VOP) of the National Board of Revenue (NBR) is in limbo due to the revenue board's foot-dragging in amending...

ADBI seminar on worker survey in BD March 28

ADBI seminar on worker survey in BD March 28

FE Online Desk 2018-03-19 13:32:08

A seminar highlighting transitions between different types of formal and informal employment using the retrospective job history of 2,000 workers in two metropolitan areas of Bangladesh will be held i...

Xi's China elects new economic team

Xi's China elects new economic team

-- 2018-03-19 11:27:32

China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the wor...

Repayment system impedes microcredit expansion: Study

Repayment system impedes microcredit expansion: Study

FE Report 2018-03-19 10:46:32

The growth of microcredit in developing countries like Bangladesh has been showing a slower pace in recent times as many borrowers find it difficult to expand their business due to the existing repaym...

Some banks failing in provisioning against ballooning bad loans

Some banks failing in provisioning against ballooning bad loans

Siddique Islam 2018-03-19 09:22:11

Some banks are failing to keep requisite provisions against both classified and unclassified loans as the volumes of such problem credits kept ballooning, sources said. The findings came as the ove...

Government to give cards to all tax payers

Government to give cards to all tax payers

-- 2018-03-18 18:38:56

Anybody who has paid tax, irrespective of the amount, will get tax card as an incentive to pay tax properly in the furutre. Finance Minister AMA Muhith said it on Sunday while speaking at a pre-budg...

Hacker who gave up Wikileaks source dies

Hacker who gave up Wikileaks source dies

-- 2018-03-18 12:37:15

Adrian Lamo, a computer hacker best known for passing on information that led to the arrest of Chelsea Manning, has died aged 37. In online messaging conversations, Manning confided in him, describin...

ADB seeks clearence to invest $120m in power sector

ADB seeks clearence to invest $120m in power sector

Syful Islam 2018-03-18 10:57:44

The Asian Development Bank (ADB) has sought clearance from the government to invest US$120 million under a private initiative in Bangladesh's power sector that struggles to serve an insatiable demand....