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The Financial Express

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Facebook invents new unit of time!

Facebook invents new unit of time!

BBC 2018-01-24 12:00:00

A Facebook engineer has invented a new unit of time called a flick. The flick has been designed to help developers keep video effects in sync, according to a description on the code-sharing site GitH...

NBR allows businesses to submit VAT returns thru courier, e-mail

NBR allows businesses to submit VAT returns thru courier, e-mail

FE Online Report 2018-01-24 12:00:00

Businesses from now on will be able to submit their Value Added Tax (VAT) returns through guaranteed express post (GEP), courier and e-mail. The revenue authority of the country – National Boar...

Maximum facilities now on offer for entrepreneurs: PM

Maximum facilities now on offer for entrepreneurs: PM

-- 2018-01-24 12:00:00

Prime Minister Sheikh Hasina has said Bangladesh is an excellent investment destination as the country provides maximum facilities for entrepreneurs. Sheikh Hasina also invited both the local and for...

Govt okays framework to assess SDG progress

Govt okays framework to assess SDG progress

FE Online Report 2018-01-24 12:00:00

The government has approved the monitoring and evaluation (M&E) framework for Sustainable Development Goals (SDGs) in a bid to assess the implementation progress year-on-year.  The framewor...

BCSIR fair for promoting local inventions begins Thursday

BCSIR fair for promoting local inventions begins Thursday

FE Report 2018-01-24 12:00:00

A three-day science and industrial technology fair will begin in the capital tomorrow (Thursday). The purpose of the event is to promote inventions by Bangladeshi scientists. Bangladesh Council of S...

Private-sector credit squeezes as banks tighten belt

Private-sector credit squeezes as banks tighten belt

Siddique Islam 2018-01-24 09:56:26

Credit to private sector squeezed in December after a preceding upturn as most banks tried to comply with strictly-enforced advances-deposit ratio (ADR) rules, bankers said. "Banks were more focused...

Experts offer online degree in 'flying cars'

Experts offer online degree in 'flying cars'

-- 2018-01-24 03:17:26

Self-driving car pioneer Sebastian Thrun has shifted his gaze to the skies, as his Silicon Valley online school Udacity launches what it calls the first “nanodegree” in flying car engineer...

South Korea Q4 GDP grows 0.1pc

South Korea Q4 GDP grows 0.1pc

-- 2018-01-24 03:12:06

The gross domestic product (GDP) of South Korea is expected to have slowed significantly in the fourth quarter (Q4) as October’s national holiday weighed on factory output. The economic growth...

Beijing govt to keep GDP target at 6.5pc

Beijing govt to keep GDP target at 6.5pc

-- 2018-01-24 02:53:36

Beijing’s municipal government is likely to keep its 2018 gross domestic product (GDP) target at around 6.5 per cent, on par with the objective that Shanghai has set for itself this year. The t...

Banks under pressure for asset mismatch

Banks under pressure for asset mismatch

Siddique Islam 2018-01-23 12:00:00

Banking sector bears some pressures from declining asset quality, particularly of the state-owned banks, and tighter liquidity in some fourth-generation private banks, said the central bank. The Bang...

Stop installing security patches: Intel to users

Stop installing security patches: Intel to users

-- 2018-01-23 12:00:00

Intel Corp (INTC.O) said on Monday that patches it released to address two high-profile security vulnerabilities in its chips are faulty, advising customers, computer makers and cloud providers to sto...

Global FDI drops in 2017: UNCTAD

Global FDI drops in 2017: UNCTAD

FE Online Report 2018-01-23 12:00:00

Global flows of Foreign Direct Investment (FDI) dropped by 16 per cent in 2017, according to the latest UNCTAD Global Investment Trends Monitor. The UN body estimated the provisional value of globa...

India’s growth set to lead global economy: Survey

India’s growth set to lead global economy: Survey

-- 2018-01-23 12:00:00

India's economy holds the brightest growth prospects amongst the world's seven largest economies, according to results from the Global Trade Barometer released on Monday by DHL, the world's leading lo...

IMF projects 3.9pc growth for world economy

IMF projects 3.9pc growth for world economy

FE Online Report 2018-01-23 12:00:00

World economy may post 3.9 per cent growth in the current year, according to the latest projection of the International Monetary Fund (IMF). The fund released the World Economic Outlook Update Monday...

ECNEC nods 14 projects including new VAT Act

ECNEC nods 14 projects including new VAT Act

FE Online Report 2018-01-23 12:00:00

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 14 development projects at a total cost of Tk 62.28 billion. The approval came from the 16th ECNEC meeting of the...

Central bank should enjoy more 'instrument independence'

Central bank should enjoy more 'instrument independence'

FE Report 2018-01-23 11:25:28

Central banks in countries like Bangladesh should enjoy more 'instrument independence' in determining monetary policy, vital for moving an economy. Simultaneously, said a noted banker of India, there...

NBR moves to set up TIU to check tax evasion

NBR moves to set up TIU to check tax evasion

Doulot Akter Mala 2018-01-23 10:18:38

The National Board of Revenue (NBR) has moved to establish an automated tax information unit (TIU) with interconnectivity of data banks of other relevant entities to track large financial transactions...

Informality dominates BD, India job markets

Informality dominates BD, India job markets

FE Online Report 2018-01-23 09:40:43

The high incidence of informality is dominating the job markets in South and South-Eastern Asia, according to the World Employment and Social Outlook – Trends 2018. “Indeed, informality a...

BD ranks 34 in WEF emerging economies Index

BD ranks 34 in WEF emerging economies Index

-- 2018-01-23 04:32:51

Bangladesh has been placed 34 at the emerging economies in World Economic Forum (WEF) Inclusive Development Index-2018. India ranked at the 62nd place among emerging economies on an Inclusive Develop...

BoJ holds monetary policy steady

BoJ holds monetary policy steady

-- 2018-01-23 04:15:15

Bank of Japan (BoJ) has kept monetary policy unchanged as it continues to grapple to achieve its lofty 2.0 per cent inflation target. The central bank on Tuesday offered a more upbeat view on inflati...

NPLs bother banking sector very much: Muhith

NPLs bother banking sector very much: Muhith

FE Report 2018-01-23 04:04:30

Finance Minister AMA Muhith said Monday the country's banking sector is bothered very much about the non-performing loans (NPLs) and argued that it has been a big problem since the independence when i...

Philippine Q4 GDP grows 6.6pc

Philippine Q4 GDP grows 6.6pc

-- 2018-01-23 02:45:40

Philippine’s economy grew 6.6 per cent in the fourth quarter of 2017, slightly below market expectations, while the annual gross domestic product (GDP) grew 6.7 per cent. The Philippine central...

Export growth remains high in  Asia Pacific economies

Export growth remains high in Asia Pacific economies

FE Online Desk 2018-01-23 02:43:21

  SINGAPORE (S&P Global Ratings) Jan. 23,2018--Export growth remains high in the more trade-dependent Asia-Pacific economies, while domestic demand growth is broadening, said S&P Globa...

1.0pc richest own 82pc global wealth: Oxfam

1.0pc richest own 82pc global wealth: Oxfam

-- 2018-01-22 12:00:00

Some 82 per cent of money generated in 2017 went in the pockets of the richest one per cent, while the poorest half saw no increase at all, Oxfam international said on Monday. The gap between the sup...

Slow labour growth 'unavoidable' for Singapore

Slow labour growth 'unavoidable' for Singapore

-- 2018-01-22 12:00:00

Slower rates of labour force growth in Singapore are unavoidable, the city-state’s central bank head said on Monday, and any attempt to completely offset it by increasing foreign workers is not...

'90pc of Gmail users' vulnerable to cyber attacks

'90pc of Gmail users' vulnerable to cyber attacks

-- 2018-01-22 12:00:00

Despite the growth of sophisticated cyber threats globally, Google has said that less than 10 per cent of active Gmail users have enabled two-factor authentication making the remaining 90 per cent mor...

BJA urges govt to lift embargo

BJA urges govt to lift embargo

FE Online Report 2018-01-22 12:00:00

Bangladesh Jute Association (BJA) has requested the government to withdraw the restriction on export of raw jute in the name of uncut BTR and BWR to protect their interests. The local raw jute export...

19pc of remittance goes to real estate

19pc of remittance goes to real estate

FE Online Report 2018-01-22 12:00:00

Around 19 per cent of the remittances received by the beneficiaries are invested in real estate, to be precise, purchase of liveable land and flats. The latest report of a survey, conducted by the ce...

Taxmen find fake tax clearance certificates

Taxmen find fake tax clearance certificates

Doulot Akter Mala 2018-01-22 09:53:17

Taxmen have detected a number of forged tax clearance certificates at field-level tax offices that were prepared with the support of vested quarters including tax practitioners and supporting tax offi...

Muhith woos Norway to utilise FDI incentives

Muhith woos Norway to utilise FDI incentives

-- 2018-01-22 08:55:04

Finance Minister AMA Muhith urged Norway to invest in Bangladesh’s leather and pharmaceutical sectors. Muhith also said that Bangladesh offering various incentives to foreign investors for attr...