Search results for: EC

Facebook use of personal data ‘illegal’

-- 2018-02-13 11:56:30

A German consumer rights group said that a court had found Facebook’s use of personal data to be illegal because the US social media platform did not adequately secure the informed consent of it...

New railway workshop to serve cross-border train corridor

FHM Humayan Kabir 2018-02-13 10:17:25

The government will establish Bangladesh's third railway workshop in Rajbari to provide backward-linkage service to cross-border train communications through Padma Bridge. Officials said Monday passe...

Govt offices owe power cos Tk 13b in unpaid bills

Syful Islam 2018-02-13 10:00:59

Power division has sought finance authorities' intervention to realise some Tk 13.83 billion in unpaid electricity bills from state entities, officials said, as recovery efforts failed. Officials sai...

Income tax collection witnesses 12.6pc growth in seven months

-- 2018-02-12 22:10:13

Income tax collection marked a 12.6 per cent growth in the first seven months of the current fiscal (FY18). Revenue authorities collected Tk 327.55 billion in FY18 some Tk 35.95 billion more from tha...

$20m ADB loan to support textile, garment sectors

FE Online Report 2018-02-12 20:23:33

The Asian Development Bank (ADB) will provide US$20 million loan to the country’s private sector in a bid to support textile and clothing industries. The Manila-based lender on Monday signed a...

Future-proof tech policies key to Asia Pacific harnessing future of work

-- 2018-02-12 19:54:57

Future-proof technology policies are key to the Asia Pacific region harnessing the future of work, says the Asia Cloud Computing Association (ACCA). According to a release of Media OutReach, releasin...

ACCA stresses future-proof tech policy for Asia Pacific

FE Online Report 2018-02-12 14:54:59

Future-proof technology policies are the key to the Asia Pacific region harnessing the future of work, says Asia Cloud Computing Association (ACCA). Releasing an industry statement on the future of...

China creates over 66m urban jobs in 5 years

-- 2018-02-12 14:17:43

China created more than 66 million urban jobs over the past five years, official data showed. Over the five years, 90 per cent of college graduates found jobs and more than 1.1 million redundant work...

Malware hits over 4,200 govt sites of US, UK

-- 2018-02-12 12:51:22

Thousands of websites, including ones run by US and UK government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies. More than...

Imports on higher trajectory while financing faces crunch

Siddique Islam 2018-02-12 00:36:07

The opening of LCs remained on a higher trajectory, with country's overall imports growing by US$2.07 billion in the first half (H1) of the current fiscal, though financing may face a crunch now.&nb...

Metro-rail depot land development ends a year before deadline

Munima Sultana 2018-02-12 00:34:34

Metro-rail depot land development work to set up necessary infrastructures at Uttara 3rd phase in the city has come to an end a year before its deadline, officials said. They said it has been finishe...

ADP witnesses 33.35pc rise in FY18

-- 2018-02-11 21:41:54

The implementation rate of the Annual Development Programme (ADP) in first seven months of the current fiscal witnessed a 33.35 per cent rise. As per latest Implementation Monitoring and Evaluation D...

Better infrastructural platform will improve ‘Doing Business’ ranking

FE Online Report 2018-02-11 20:48:29

DCCI on Sunday laid emphasis on creating infrastructure platform for entrepreneurs to carry on their operations smoothly and improve the country’s ‘Doing Business’ ranking. DCCI chi...

Imports register 9.0pc growth in H1

FE Online Report 2018-02-11 19:53:17

Country’s overall imports marked more than 9.0 per cent growth or US$2.07 billion rise in the first-half (H1) of the current fiscal year (FY 18). Officials apprised this to higher import of foo...

Nvidia responds to gamers’ woes, de-prioritises cryptominers

-- 2018-02-11 19:06:18

Nvidia’s most loyal customers, — pc gamers — are feeling the pressure as cryptominers buy up every graphics card they can find, driving card prices through the roof. That’s no...

Country clocks self-sufficiency in fish, meat production

FE Online Report 2018-02-11 14:34:04

The country for the first time in its history has attained self-sufficiency in fish and meat production. The fisheries ministry sources say the fish production target for 2016-17 was set at 4.05 mill...

UK economy continues stable growth

-- 2018-02-11 12:49:39

The British economy continues to show stable growth, with the uncertainties around Brexit failing to blunt GDP expansion, according to an economic research institute report. The British economy grew...

Colombia keen to build Venezuela financial rescue plan

-- 2018-02-11 12:46:49

Colombia has contacted international lending agencies about devising a financial rescue plan worth up to $60 billion for neighbouring Venezuela if President Nicholas Maduro leaves power, Colombia&rsqu...

NASA giving finishing touch on atomic clock

-- 2018-02-11 12:11:55

For 20 years, the US National Aeronautics and Space Administration (NASA)'s Jet Propulsion Laboratory (JPL) has been perfecting the Deep Space Atomic Clock (DSAC), an instrument perfect for deep space...

Liquidity shortage hits ICB as banks withdraw deposits

Rezaul Karim 2018-02-11 10:18:25

The Investment Corporation of Bangladesh (ICB) has sought assistance of the Financial Institution Division (FID) of the Ministry of Finance to help meet its liquidity shortage. The Corporation has...

Govt to borrow another $450m hard-term WB loan

FHM Humayan Kabir 2018-02-11 09:53:25

Bangladesh is poised to borrow $450 million worth of loan from the Scale-up Facility Fund (SUF) of the World Bank (WB) soon, accepting the terms and conditions almost identical to those of the Bank's...

LTU-VAT collection marks 19pc growth

-- 2018-02-10 22:09:33

Collection of revenue under Large Taxpayer Unit (LTU) of Value Added Tax (VAT) has witnessed a staggering 19 per cent growth in first six months of fiscal 2017-18. LTU collection reached Tk 198.74 bi...

China lifts 13m people out of poverty each year

-- 2018-02-10 18:26:58

China lifts at least 13 million people out of poverty each year, according to the State Council Leading Group Office of Poverty Alleviation and Development. The country's poverty rate dropped from 1...

Over 80,000 get overseas job in Jan

-- 2018-02-10 17:29:27

Over eighty thousand Bangladeshi people have got overseas job January 2018, according to an official of the Ministry of Expatriates' Welfare and Overseas Employment. With this fresh 81,846 people,...

India fines Google $21.1m

-- 2018-02-10 13:03:19

Google has been fined 1.36 billion rupees (£15.2 million; $21.2 million) by India's competition regulator for abusing its dominance in the country. Users searching flight details were directed...

Iraq seeks $100b for reconstruction

-- 2018-02-10 12:03:09

Iraq seeks around $100 billion in foreign investment in transport, energy and agriculture as part of a plan to rebuild parts of the country and revive the economy after a three-year war on Islamic Sta...

Brief US govt shutdown ends

-- 2018-02-10 11:59:59

A brief US government shutdown ended on Friday after Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually wit...

Sonali Bank gets Tk 200m as commission on hefty LC

Syful Islam 2018-02-10 11:39:08

Sonali Bank will get Tk 200 million as commission on a hefty letter of credit (LC) opened for Rooppur Nuclear Power Plant (RNPP), after the trimming down of its bigger demand in a trade-off. Official...

Uber, Waymo reach settlement on self-driving

-- 2018-02-10 11:24:00

Uber and Waymo have reached a settlement over claims Uber stole trade secrets from the self-driving company. As part of the agreement, Uber is giving a 0.34 per cent Uber stake to Waymo, worth approx...

BB to calculate house price index

FE Online Report 2018-02-10 11:23:51

The central bank has started work on calculating the country’s House Price Index (HPI) on a regular basis.  In March 2016, the research department of the central bank has taken the initiat...