Search results for: EC

Apple to unveil new iPhones, watches at a tough time for consumers

-- 2022-09-07 17:26:42

Apple Inc on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom....

ADB launches programme to scale up investments in air quality improvement 

-- 2022-09-07 17:06:30

The Asian Development Bank (ADB) on Wednesday launched the Asia Clean Blue Skies Program (ACBSP) to scale up ADB's investments in improving air quality in Asia and the Pacific.  Launched at the...

Go beyond trade and invest in Bangladesh for bigger gains, Hasina urges Indian businesses

UNB 2022-09-07 14:54:19

Prime Minister Sheikh Hasina on Wednesday said Bangladesh-India cooperation should go beyond trade to derive larger gains. “It should include investment, finance, services, technology transfer,...

Indian red-tapism delaying LoC projects: Mannan

FHM HUMAYAN KABIR 2022-09-07 09:13:48

Planning Minister M A Mannan on Tuesday said Indian bureaucratic tangles slowed down (implementation of) the Bangladeshi projects taken under the Delhi-supported Line of Credit (LoC). "The LoC is a b...

BB extends retention period for repatriating export income to 30 days

-- 2022-09-06 19:37:18

Bangladesh Bank (BB) has extended the retention period for repatriating export income in foreign currency to 30 days for bringing greater flexibility in trade transactions. Foreign Exchange Policy De...

Inflation to ease from October, hopes MA Mannan

-- 2022-09-06 18:38:26

Planning Minister MA Mannan has expressed his hope that the general point-to-point inflation in the country is likely to ease from October due to the various measures taken by the government.  "...

360-day special repo facility scrapped due to lack of demand

-- 2022-09-06 18:30:36

Bangladesh Bank has scrapped the 360-day special repo facility due to the improvement in the coronavirus situation and a lack of demand for the borrowing tool. The central bank introduced the special...

Mannan sees social stability as economy’s main challenge now 

-- 2022-09-06 17:55:05

Planning Minister MA Mannan has said that prices of essentials have to be kept within the purchasing capacity of lower income groups.  He said this at ‘Development Dialogue' organised by t...

Chinese state institutes relying on banned US AI chips

-- 2022-09-06 17:35:27

High-profile universities and state-run research institutes in China have been relying on a US computing chip to power their artificial intelligence (AI) technology but whose export to the country Was...

India's $7.862b line of credit: Only $1.5b from LoC unlocked so far

FHM HUMAYAN KABIR 2022-09-06 08:53:43

India has yet to relax terms and conditions binding the use of its US$7.862 billion line of credit (LoC) which affected the execution of over 30 projects ongoing, insiders have said. New Delhi has di...

External sector volatility eases on austerity

SIDDIQUE ISLAM 2022-09-06 08:40:05

Austerity works as Bangladesh's import orders dropped nearly 24 per cent or US$1.77 billion in August following regulatory measures to ease pressure on the economy from forex crunch, officials said....

Bangladesh seeks New Zealand's investment in livestock sector 

-- 2022-09-05 21:15:31

President M Abdul Hamid has urged the investors of New Zealand, the country of Oceania, to come forward to invest in the livestock sector in Bangladesh.  He made the urge as he received the cr...

Foreign exchange rates stable after BB tightens spending 

-- 2022-09-05 18:14:04

Bangladesh Bank’s move to curb foreign currency spending has resulted in stability in the market after a jump in hiking exchange rates over the last four months.  Through several regulator...

27 banks told to explain breach of credit dollar spending limit

-- 2022-09-04 20:42:34

Bangladesh Bank has instructed 27 banks to explain why their credit card holders have been able to spend more dollars abroad than the limit. Central bank spokesman Md Serajul Islam said on Sunday a r...

‘Iran keen to boost economic ties with Bangladesh’ 

-- 2022-09-04 20:33:29

Newly appointed ambassador of Iran to Bangladesh Mansour Chavoshi has said his country is sincere in enhancing economic relations with Bangladesh.  He said Iran is ready to cooperate with Bangla...

Karnaphuli EPZ to get $6m more investment

-- 2022-09-04 18:30:36

Ms HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $ 6.03 million.  An agr...

Central bank starts instant transactions of foreign currencies through RTGS

-- 2022-09-04 18:20:22

Bangladesh Bank has started instant foreign currency transactions, from bank to bank, through online-based real-time gross settlement (RTGS). Banks are primarily clearing and settling in US dollars,...

Fuel leak ruins NASA's second shot at launching moon rocket

-- 2022-09-03 22:27:24

For the second time in five days, NASA on Saturday halted a countdown in progress and postponed a planned attempt to launch the debut test flight of its giant, next-generation rocket, the first missio...

NASA aims for Saturday launch of new moon rocket after fixes

FE ONLINE DESK 2022-09-03 11:11:13

NASA aimed for a Saturday launch of its new moon rocket, after fixing fuel leaks and working around a bad engine sensor that foiled the first try. The inaugural flight of the 322-foot (98-meter) rock...

Social media app Parler returns to Google's Play Store

REUTERS 2022-09-03 10:22:22

Parler, a social media app popular with US conservatives, is returning to Google's app store more than 1-1/2 years after the Alphabet Inc-owned company removed it following the US Capitol riots in Jan...

Minister says high-speed broadband internet to be available across Bangladesh by 2023

-- 2022-09-02 17:19:51

Minister for Posts and Telecommunications Mustafa Jabbar said that there will be no place in the country without high-speed broadband internet connection after 2023. "There will be no area in the cou...

Over $4.0b remitted home in July-Aug

SIDDIQUE ISLAM 2022-09-02 08:48:27

The inflow of remittances crossed US$4.0 billion in the first two months of the current fiscal year (FY), 2022-23, following higher manpower export particularly to the Middle East counties. "We expec...

Twitter to roll out long-awaited edit button

-- 2022-09-01 20:42:50

Twitter Inc will launch a widely requested edit button for its paid subscribers in the coming weeks, the social media company said Thursday. For years, Twitter users have demanded the ability to edit...

JICA’s support sought for setting up labs at BD ports

-- 2022-09-01 17:54:00

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from Japan International Cooperation Agency (JICA) in establishing lab facilities at land, sea and airports of...

Meta to set up new group for more paid features on Instagram, Facebook

REUTERS 2022-09-01 14:04:15

Meta Platforms Inc is setting up a new group that will focus on creating products and features for its Facebook, Instagram and WhatsApp platforms that people will be able to purchase, a company spokes...

Forex reserves signal fall to $37b soon

SIDDIQUE ISLAM 2022-09-01 09:09:58

Pressure on Bangladesh's foreign-exchange reserves has intensified gradually, with an outlook of dropping to US$37 billion in the first week of September from $39.05 billion as of Wednesday. Official...

Realising necessity a big challenge: Salman

FE REPORT 2022-09-01 08:56:46

Trickling down the realisation of the necessity of trade and economic reforms from senior level of bureaucracy to field-level officers is a big challenge for the country, says PM's private industry...

Bangladesh, Brunei highlight importance of connectivity to boost bilateral trade

-- 2022-08-31 22:42:01

Bangladesh and Brunei have stressed the importance of facilitating air and shipping connectivity to boost bilateral trade, investment and people-to-people contact. The two countries agreed to facilit...

‘Economic zones can turn Bangladesh into global investment destination’

-- 2022-08-31 21:09:48

Federation of Bangladesh Chambers of Commerce and Industries President Md Jashim Uddin has called for branding Bangladesh as the most favourable investment destination in Asia by attracting local and...

BB mandates selling foreign currencies exceeding $10,000

-- 2022-08-31 20:50:41

Bangladesh Bank (BB) has made it mandatory for resident Bangladeshis to sell the amount in excess of US$10,000 to authorised dealer banks or licensed money changers, or credit the amount as a resident...