Search results for: EC

World heading toward another financial depression: Bill Gates

-- 2018-03-01 17:19:26

Microsoft co-founder Bill Gates has made a cynical economic prediction, saying the world is heading toward another financial depression like the one in 2008. The billionaire made the prediction in an...

Pesticides endangering bees, says European watchdog

-- 2018-03-01 13:30:00

Most uses of insecticides known as neonicotinoids represent a risk to wild bees and honeybees, the European Food Safety Authority has confirmed. The use of neonicotinoids has been restricted in the E...

Scientists detect very first signal from 'cosmic dawn'

-- 2018-03-01 12:55:48

Scientists say they have observed a signature on the sky from the very first stars to shine in the Universe. They did it with the aid of a small radio telescope in the Australian outback that was tun...

Top court upholds NBR decision to freeze Robi accounts

-- 2018-03-01 12:10:04

The Supreme Court has stayed for three days a High Court order, clearing the way for the government revenue authority to freeze all the bank accounts of Robi Axiata on charges of VAT evasion. A four-...

UK focusing more on Bangladesh: Blake

-- 2018-03-01 12:07:31

The United Kingdom (UK) is focusing more on Bangladesh and its economy as it moves on to become a middle-income country soon and aspires to be a developed one by 2041, said British High Commissioner A...

Deal with Morocco on avoidance of double taxation

-- 2018-03-01 11:17:19

Bangladesh and Morocco have signed an agreement on Avoidance of Double Taxation and a Protocol on Foreign Office Consultations. The two instruments were signed by Foreign Minister Abul Hassan Mahmood...

India becomes fastest growing economy again

-- 2018-03-01 10:43:27

India regained its status as the world’s fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and se...

NBR to focus on framing steady fiscal policies

FE Report 2018-03-01 10:33:37

From now on National Board of Revenue (NBR) will focus on framing consistent fiscal policies to attract more investment and collect more revenue, said its chief on Wednesday. "I hope from now on ther...

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

FE Report 2018-03-01 10:13:13

A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realise Tk 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be...

Launching of metro rail to miss target

Munima Sultana 2018-03-01 09:51:26

Dhaka Mass Transit Company Limited (DMTCL) is struggling with contract package-7 of the metro rail project due to having only one firm out of four short-listed ones for holding financial negotiations,...

ADR process can reduce NPL: Experts

-- 2018-02-28 21:19:46

The Alternative Dispute Regulation (ADR) is essential in the commercial sector, including banks, to settle a large number of pending disputes and reduce a huge amount of Non-Performing Loan (NPL). Ex...

Call to curb inequalities to achieve SDGs

FE Online Report 2018-02-28 20:46:54

Inequalities in the society must be cubed to achieve sustainable development goals (SDGs) and the government should focus more on people’s interest in its FiveYear Plan. The observation came at...

ADB willing to finance second Padma Bridge

-- 2018-02-28 20:35:11

The Asian Development Bank (ADB) is interested in financing a second Padma Bridge as well as other large-scale infrastructure projects if Bangladesh wants. ADB President Takehiko Nakao made the discl...

BB heist: Court seeks probe report on April 1

-- 2018-02-28 19:57:56

A court in Dhaka has asked to submit probe report on April 1 on the case filed over Bangladesh Bank reserve heist. Dhaka Metropolitan Magistrate AKM Moinuddin Siddique fixed the new date as the Crimi...

25 defaulters' loan amount reaches Tk 96.97b

-- 2018-02-28 17:20:48

The amount of top 25 loan defaulter companies had reached to Tk 96.97 billion until September 2017, a Bangladesh Bank report revealed Wednesday. BB submitted the report to the parliamentary standin...

ADB confirms increased financial support to BD

FE Online Desk 2018-02-28 14:46:11

Asian Development Bank (ADB) President Takehiko Nakao today (Wednesday) met with Bangladesh Prime Minister Sheikh Hasina, Finance Minister Abul Maal A. Muhith and other senior officials during a 3-day...

GCF approves $25m to help women cope with climate change

-- 2018-02-28 13:59:09

The Green Climate Fund (GCF) has granted around $25 million to support a project designed to build the adaptive capacities of women and adolescent girls living in the southwestern districts of Banglad...

Brexit vote impact pervades UK economy

-- 2018-02-28 12:29:41

Britain was the weakest Group of Seven economy over the course of 2017 in terms of overall growth, and there are other ways that the vote to leave the European Union has left its mark too. Below are...

First mobile phone network on the moon

-- 2018-02-28 11:26:01

The moon will get its first mobile phone network next year, enabling high-definition streaming from the lunar landscape back to earth, part of a project to back the first privately funded moon mission...

Further depreciation of BDT likely if trade deficit widens

Syful Islam 2018-02-28 10:01:54

The ministry of finance (MoF) foresees the necessity of depreciating taka further if Bangladesh's external financial imbalance intensifies in the second half of this fiscal year, officials said. Taka...

Petrobangla to pass on high cost of LNG to consumers

M Azizur Rahman 2018-02-28 09:46:05

State-run Petrobangla would propose to raise natural gas tariff next week, aimed at passing a portion of the imported LNG cost on to the consumers. "We're working on it with a target of submitting th...

Eurozone economic sentiment drops again

-- 2018-02-27 21:00:10

The Eurozone economic sentiment slipped again in February, for the second month in a row, as confidence sapped from every sector except services, the European Commission said on Tuesday. European C...

Formulation of LPG price policy underway: Nasrul

-- 2018-02-27 20:40:55

Formulation of liquid petroleum gas (LPG) price policy is underway keeping the interests of both importers and users. State Minister for Power, Energy and Mineral Resources Nasrul Hamid made the reve...

Nigerian economy returns to growth

-- 2018-02-27 20:38:15

Nigerian economy returned to growth in 2017 after suffering its first recession in a generation the previous year, data released from the country’s statistics office showed on Tuesday. The Gros...

Speakers emphasise on importance of Electronic Payments

FE Online Desk 2018-02-27 19:49:44

Speakers at a seminar have discussed the present status of the e-commerce industry in Bangladesh and stressed on the importance of Electronic Payments to flourish the industry. They also discussed th...

Unemployed youths getting training, financial support: Biren

FE Online Report 2018-02-27 18:24:20

Unemployed youths are getting training and financial supports as government aims to make Bangladesh a middle income country by 2021. After getting training on various topics, youths can get loan up t...

Govt steps in to build barbed-wire fence along borders

FE Online Report 2018-02-27 17:48:24

The government has taken a move to construct barbed-wire fence along bordering areas to secure Border Outposts (BoPs) and frontiers with neighbouring India and Myanmar. The Executive Committee of the...

15-day deadline for Indian state banks to fix gaps

Reuters 2018-02-27 14:27:42

India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical risks, following a $2 billon fraud at the country’s s...

Appier's Aixon connects to Google ad platforms

-- 2018-02-27 12:38:42

Appier, a leading artificial intelligence (AI) company, announced that Aixon, its AI-based data intelligence platform, now connects directly with Google's advertising platforms, including DoubleC...

Microsoft clashes with Justice Department at US SC

-- 2018-02-27 12:37:27

The US Supreme Court on Tuesday wades into a major privacy rights fight between Microsoft Corp and the Justice Department, weighing whether US law allows prosecutors to compel technology companies to...