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The Financial Express

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BSP cuts bank reserve ratio

BSP cuts bank reserve ratio

-- 2018-02-15 19:51:00

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced Thursday a  1 percentage-point cut on banks’ reserve requirement ratio (RRR). The central bank red...

Robust growth gives Google's app network massive boost

Robust growth gives Google's app network massive boost

-- 2018-02-15 13:42:41

Search engine giant Google has been netting ‘huge profit’ through its dynamic network of advertisements that show up in more smartphone apps than any other technology company. That is the...

Iraq may get $30b for reconstruction

Iraq may get $30b for reconstruction

-- 2018-02-15 12:34:52

Total contributions by countries participating in Kuwait International Conference on Reconstruction of Iraq (KICRI) reached 30 billion US dollars, Kuwait Deputy Prime Minister and Foreign Minister She...

FDI increases marginally in H1

FDI increases marginally in H1

FE Online Report 2018-02-15 12:21:21

The inflow of Foreign Direct Investment (FDI) increased slightly in the first half (H1) of the current fiscal year (FY18). In gross terms, it increased to $1.75 billion in July-December period of 201...

Eight out of 18 probable projects get shortlisted

Eight out of 18 probable projects get shortlisted

Munima Sultana 2018-02-15 11:48:05

A special contact point may work for Japan following an opportunity created for receiving private investment from that country in some big PPP projects through government-to-government (G2G) arrange...

YouTube, Instagram face ban in Russia

YouTube, Instagram face ban in Russia

-- 2018-02-15 11:41:17

YouTube and Instagram face being blocked by Russian internet service providers as a result of a standoff between one of the country's richest businessmen and an opposition leader. Russia's internet c...

For India’s banks, more bad loan woes likely on the way

For India’s banks, more bad loan woes likely on the way

-- 2018-02-15 11:14:47

Just when many Indian banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come. The central...

Consumer price rise signals firming inflation

Consumer price rise signals firming inflation

-- 2018-02-15 10:42:23

The Consumer Price Index grew by 0.5 per cent against forecasts of a 0.3 per cent rise in United States. The report followed earlier data showing accelerating US wage growth. That raised concerns the...

Civil servants likely to get large subsidised home loans

Civil servants likely to get large subsidised home loans

M Azizur Rahman 2018-02-15 10:29:14

The government contemplates doling out around Tk 9.80 billion in annual subsidy to civil servants to help them buy homes, which drew critical appreciation, though. Sources said the ceiling of home lo...

Recap of public banks again on the cards

Recap of public banks again on the cards

FE Report 2018-02-15 10:20:02

The government again moves to give funds for recapitalisation of state-owned banks (SoBs), officials said, amid criticisms from economists about sending public money "down the drain". The financial...

Banks, FIs to issue 7,033m yen as soft loans under FDI

Banks, FIs to issue 7,033m yen as soft loans under FDI

FE Online Report 2018-02-14 19:52:06

Bangladesh Bank (BB) has signed agreements with 24 banks and financial institutions (FI) for disbursing 7,033 million yen as soft loans to potential borrowers under foreign direct investment. Ninetee...

BIDA chief eyes more FDI to achieve SDGs

BIDA chief eyes more FDI to achieve SDGs

-- 2018-02-14 19:32:37

Bangladesh Investment Development Authority (BIDA) executive chairman has stressed on the need of increased Foreign Direct Investment (FDI) to achieve the Sustainable Development Goals (SDGs) by 2030....

Mars on Earth: Scientists conduct simulation tests in Oman’s desert

Mars on Earth: Scientists conduct simulation tests in Oman’s desert

-- 2018-02-14 17:40:22

Two scientists in spacesuits, stark white against the auburn terrain of desolate plains and dunes, test a geo-radar built to map Mars by dragging the flat box across the rocky sand. When the geo-rada...

PNB detects $1.8b fraud in Mumbai branch

PNB detects $1.8b fraud in Mumbai branch

-- 2018-02-14 16:52:22

Indian state-run Punjab National Bank (PNB) has detected some “fraudulent and unauthorised” transactions worth about $1.77 billion at one of its branches in Mumbai. The PNB bank said on W...

Country sees revolution in agriculture: Experts

Country sees revolution in agriculture: Experts

-- 2018-02-14 13:12:37

Agriculturists at a post-rally discussion in Rangpur have said Bangladesh has achieved revolutionary success in the agriculture, fishery and livestock sectors. They came up with the observation at t...

Philippines, China to jointly explore energy in S China Sea

Philippines, China to jointly explore energy in S China Sea

-- 2018-02-14 12:53:16

The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea that both sides lay claim without having to address...

Japan GDP slows to 0.5pc in Q4

Japan GDP slows to 0.5pc in Q4

-- 2018-02-14 12:26:19

Japan's economic growth slowed in the last three months of 2017 and missed expectations, preliminary official figures show. The world's third-largest economy expanded at an annualised rate of 0.5 per...

BD signs $92.30m deal with IFAD

BD signs $92.30m deal with IFAD

-- 2018-02-14 12:05:43

Bangladesh on Tuesday signed a financing agreement with the International Fund for Agricultural Development (IFAD) to sustainably improve incomes and promote resilience to extreme weather conditions f...

Singapore cautious on outlook after 2017 growth

Singapore cautious on outlook after 2017 growth

-- 2018-02-14 12:01:17

Singapore is expecting a moderation in economic growth this year, pressured by cooling shipments, after a global exports boom helped the city state clock its fastest expansion in three years in 2017....

Google to introduce system that would automatically update emails

Google to introduce system that would automatically update emails

-- 2018-02-14 11:58:12

Gmail is about to get dynamic. Alphabet Inc’s Google plans to demonstrate a software programming system that would enable emails to feature continuously updating information and greater interact...

Current account incurs deep deficit

Current account incurs deep deficit

FE Report 2018-02-14 09:32:46

Bangladesh's current-account deficit widened almost eight times or by $4.76 billion in the first half (H1) of this fiscal over the corresponding figure, as outgoings far outstripped incomings. Accord...

Regulator moves to meet Farmers Bank capital shortfall

Regulator moves to meet Farmers Bank capital shortfall

-- 2018-02-13 20:59:36

Bangladesh Bank (BB) has moved to find out a way to resolve the ongoing capital shortfall in the Farmers Bank Limited (FBL), a fourth generation bank that has been facing severe capital crunch. In th...

Symphony rolls out 4G-enabled ‘Symphony P11’

Symphony rolls out 4G-enabled ‘Symphony P11’

-- 2018-02-13 18:48:13

Mobile phone maker Symphony launched ‘Symphony P11’ -- a 4G-enabled smartphone -- on the local market recently.  The handset sports a 5.7-inch 2.5 HD+ display, 64-bit quad core proce...

Global trade’s upward trajectory likely to continue in Q1: WTO

Global trade’s upward trajectory likely to continue in Q1: WTO

FE Online Report 2018-02-13 17:44:21

The World Trade Organisation (WTO) expresses optimism about the continued growth of the global trade in the first quarter (Q1) of the current calendar year. The latest World Trade Outlook Indicator (...

Govt earns Tk 53b from spectrum auction, tech neutrality fee

Govt earns Tk 53b from spectrum auction, tech neutrality fee

FE Online Report 2018-02-13 17:33:49

Government will formally hand over 4G licence to mobile network operators (MNOs) on February 20 – paving the way for launching 4th generation broadband cellular technology in country by February...

Japan economy seen growing for eighth quarter in a row

Japan economy seen growing for eighth quarter in a row

-- 2018-02-13 16:42:34

Japan’s economy was expected to grow for an eighth straight quarter in October-December, the longest period of expansion in about 30 years, a Reuters poll found on Feb 2, led by robust exports a...

Trade deficit jumps by 91pc in H1

Trade deficit jumps by 91pc in H1

FE Online Report 2018-02-13 16:05:05

Country’s merchandise trade deficit with the rest of the world jumped by 91 per cent in the first half (H1) of the current fiscal year (FY18). Statistics released by Bangladesh Bank on Tuesday...

UAE banks hopeful of recovering $22b Saudi debt

UAE banks hopeful of recovering $22b Saudi debt

-- 2018-02-13 14:40:54

Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB)...

Appier demonstrates breakthrough in AI creativity

Appier demonstrates breakthrough in AI creativity

-- 2018-02-13 13:42:51

Appier, a leading artificial intelligence (AI) company, demonstrated pioneering research that showcased AI’s ability to be creative at the 32nd AAAI Conference on Artificial Intelligence (AAAI-1...

UK introduces ‘extremism blocking tool’

UK introduces ‘extremism blocking tool’

-- 2018-02-13 12:57:31

The government has unveiled a tool it says can accurately detect jihadist content and block it from being viewed. Home Secretary Amber Rudd told the BBC she would not rule out forcing technology comp...