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The Financial Express

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Govt plans four-lane highways to spice up south-western region

Govt plans four-lane highways to spice up south-western region

FHM Humayan Kabir 2018-03-18 10:25:07

The government has planned to build the country's longest multi-lane highways in south-western region to boost the rural economy, officials said Saturday. Government officials said the state-owned Ro...

Depositors now easy targets of govt, banks

Depositors now easy targets of govt, banks

Doulot Akter Mala 2018-03-18 10:06:54

The government is now milking the bank depositors to the maximum possible extent to extract tax revenues, at times, going beyond logic and norms. The depositors are being made to pay tax revenue in a...

Facebook critics want regulation after data misuse

Facebook critics want regulation after data misuse

-- 2018-03-18 09:44:15

Facebook Inc faced new calls for regulation from within US Congress and was hit with questions about personal data safeguards on Saturday after reports a political consultant gained inappropriate acce...

Economy gradually recovering, Japan reiterates

Economy gradually recovering, Japan reiterates

-- 2018-03-17 14:15:19

The Japanese government left unchanged its assessment that the economy is gradually recovering, suggesting a recent growth streak is likely to continue as consumers spend more, exports rise and compan...

Tesla boss in line for mega-pay deal

Tesla boss in line for mega-pay deal

-- 2018-03-17 11:58:12

Electric carmaker Tesla, facing pressure on a number of fronts, is asking shareholders for a show of support for chief executive Elon Musk. The firm has called a special meeting this month for invest...

S&P Global raises issue ratings on SBI instruments

S&P Global raises issue ratings on SBI instruments

FE Online Desk 2018-03-17 11:23:14

SINGAPORE (S&P Global Ratings) March 17, 2018--S&P Global Ratings Friday said that it raised its issue ratings on the hybrid capital instruments issued by State Bank of Ind...

Lower spending likely to narrow deficit

Lower spending likely to narrow deficit

Jasim Uddin Haroon 2018-03-17 09:28:42

The country's budget deficit likely to remain below the level projected for the current financial year (FY) 2017-18 due to less-than-expected development and revenue spending. The budget deficit in t...

Government rethinks tax rebate on savings tools

Government rethinks tax rebate on savings tools

Syful Islam 2018-03-17 09:11:54

The government rethinks the continuation of tax rebate facility against investment in savings tools as a section of people are allegedly misusing such opportunity, officials said. The National Board...

Platypus milk may save human lives: Scientists

Platypus milk may save human lives: Scientists

-- 2018-03-16 20:06:23

Platypus milk can help combat one of humanity's looming problems, antibiotic resistance, say scientists. The creatures have a duck's beak, venomous feet, one of only two mammals able to lay eggs and...

BD fulfilled all criteria for LDC graduation, confirms UN

BD fulfilled all criteria for LDC graduation, confirms UN

-- 2018-03-16 19:39:18

Bangladesh has met all three criteria to consider for graduation from the least developed country (LDC) to a developing one. State Minister for Foreign Affairs M Shahriar Alam said the UN's Committee...

NASA plans huge spacecraft to blow up earth-bound asteroid

NASA plans huge spacecraft to blow up earth-bound asteroid

-- 2018-03-16 18:22:08

NASA plans to build a huge nuclear spacecraft that is capable of blowing up dangerous space rocks and safeguarding life on Earth. The US space agency is drawing up the plan to preparing itself to dea...

Blackberry modified to 'help drug cartels'

Blackberry modified to 'help drug cartels'

-- 2018-03-16 13:43:00

The chief executive of a company that created highly-secure smartphones allegedly used by some of the world's most notorious criminals has been indicted. Canadian-based Phantom Secure made "tens of m...

Kuroda wins second term at BoJ

Kuroda wins second term at BoJ

-- 2018-03-16 13:28:30

Japan's parliament approved Haruhiko Kuroda for a second term as Bank of Japan (BOJ) governor on Friday, Lower House Speaker Tadamori Oshima said. The central bank governor has been approved for an...

NBR invites trouble after doctoring tax collection data

NBR invites trouble after doctoring tax collection data

Doulot Akter Mala 2018-03-16 10:06:06

The National Board of Revenue (NBR) has run into trouble of setting increased tax collection target after "intentionally" cooking up last fiscal's receipt, people familiar with the situation said. Th...

Non-performing loans swell 19.51 per cent in 2017

Non-performing loans swell 19.51 per cent in 2017

Siddique Islam 2018-03-16 00:23:00

The volume of non-performing loans (NPLs) in the country's banking system jumped 19.51 per cent or Tk 121.31 billion in the last calendar year (2017) despite close monitoring of the central bank. The...

Thai PM for synchronising policies to create new trade, economic connectivity

Thai PM for synchronising policies to create new trade, economic connectivity

-- 2018-03-15 18:38:00

Thai Prime Minister Prayut Chan-o-cha has proposed that Bangladesh's 'Look East Policy' and Thailand's 'Look West Policy' may be synchronised to create new trade and economic connectivity corridors....

French c.bank revises up 2018 growth outlook

French c.bank revises up 2018 growth outlook

-- 2018-03-15 15:18:53

The Bank of France, the central bank of the European country, has revised up slightly its 2018 growth forecast to 1.9 per cent, after the French economy enjoyed its strongest growth in six years in 20...

GE starts flight trials for world's largest jet engine

GE starts flight trials for world's largest jet engine

-- 2018-03-15 12:46:41

American multinational conglomerate General Electric has begun flight trials of the world’s largest jet engine after delays caused by technical problems, the company said on Wednesday. A specia...

RCC set to implement Tk 600m development projects

RCC set to implement Tk 600m development projects

-- 2018-03-15 11:19:30

Rajshahi City Corporation (RCC) is going to implement two major road and drain development projects with an estimated cost of around Tk 600 million. The development works include 191-kilometre roads...

Self-flying taxi, funded by Google founder, takes off in New Zealand

Self-flying taxi, funded by Google founder, takes off in New Zealand

-- 2018-03-14 21:33:46

A firm funded by Google founder Larry Page has unveiled an electric, self-flying air taxi that can travel at up to 180 km/h (110mph). It can do 100 km on a single charge, and it takes off and lands v...

Google to ban ads on cryptocurrencies

Google to ban ads on cryptocurrencies

-- 2018-03-14 12:46:21

Alphabet Inc’s Google said on Wednesday it will ban advertisements for cryptocurrencies and related contents starting in June. Under the new policy, the company will ban ads for unregulated or...

$400m up for grabs for key infrastructure development

$400m up for grabs for key infrastructure development

Siddique Islam 2018-03-14 11:01:56

The central bank has undertaken Investment Promotion and Financing Facility (IPFF-II) project with over US$400 million disbursement target for infrastructure development in nine key sectors. An offic...

Completion of current projects takes priority in coming ADP

Completion of current projects takes priority in coming ADP

Syful Islam 2018-03-14 09:42:09

Government's election-year development programme will be focused on timely implementation of the ongoing projects, instead of undertaking new ones, alongside proper use of resources and optimum outp...

UN blames Facebook for spreading hatred against Rohingyas in Myanmar

UN blames Facebook for spreading hatred against Rohingyas in Myanmar

-- 2018-03-14 00:00:00

UN investigators have said the use of Facebook played a "determining role" in stirring up hatred against Rohingya Muslims in Myanmar. One of the teams probing allegations of genocide in Myanmar said...

Over 100 dev projects await inauguration in Mymensingh

Over 100 dev projects await inauguration in Mymensingh

-- 2018-03-13 20:50:38

Prime Minister Sheikh Hasina is set to inaugurate a total of 100 development projects during her visit in Mymensingh. The premier is scheduled to visit the district on April 5. According to the offic...

Astronomers discover galaxy with twice as many stars as Milky Way

Astronomers discover galaxy with twice as many stars as Milky Way

-- 2018-03-13 20:05:05

Using NASA's Hubble Space Telescope, astronomers have unearthed a ‘relic galaxy’ in the Milky Way's backyard. The galaxy NGC 1277, lies near the centre of the Perseus cluster of over 1,00...

Indian oil imports from Venezuela hits record low

Indian oil imports from Venezuela hits record low

-- 2018-03-13 14:35:26

Indian oil imports from Venezuela have fallen to their lowest levels in over half a decade, as a severe economic and political crisis hits crude output in the South American OPEC member. The oil imp...

Four big concurrent events at CHINAPLAS

Four big concurrent events at CHINAPLAS

FE Online Desk 2018-03-13 12:26:20

SHANGHAI, CHINA - 13 March - Development of plastics and rubber technologies has roared ahead like a tiger in current years. CHINAPLAS, as a leading trade fair, offers a technology-oriented platf...

Summit, Mitsubishi sign MoU for power plant, LNG terminal

Summit, Mitsubishi sign MoU for power plant, LNG terminal

FE Online Report 2018-03-13 12:22:05

Summit Corporation Ltd, a subsidiary of Summit Power International (SPI) along with Summit Holdings Limited signed a memorandum of understanding (MoU) with Japanese Mitsubishi Corporation and its su...

Apple Music bags 38m paid subscribers

Apple Music bags 38m paid subscribers

-- 2018-03-13 11:46:22

American multinational technology company Apple Inc’s streaming music service now has 38 million paid subscribers, up from 36 million in February, the company said on Monday. Apple is locked in...