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The Financial Express

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CAB to organise meeting aiming reducing power tariff

CAB to organise meeting aiming reducing power tariff

FE Online Desk 2017-11-01 12:00:00

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...

Tax fair begins targeting Tk 30b revenue

Tax fair begins targeting Tk 30b revenue

-- 2017-11-01 12:00:00

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

BD implements 41pc of global TF measures

BD implements 41pc of global TF measures

FE Online Report 2017-11-01 12:00:00

Bangladesh has so far implemented around 41 per cent of the 31 common global trade facilitation (TF) measures to reduce trade cost. The revelation was made public on Wednesday in a report on the Seco...

BB cuts lending rate for FSSP fund

BB cuts lending rate for FSSP fund

-- 2017-11-01 12:00:00

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Mexico economy likely shrank in Q3

Mexico economy likely shrank in Q3

-- 2017-11-01 11:02:56

Mexico’s economy likely shrank for the first time in more than four years during the third quarter (Q3), after the country was battered by earthquakes and hurricanes in September. Gross Domesti...

Malaysia probes alleged leak of 46m mobile users data

Malaysia probes alleged leak of 46m mobile users data

-- 2017-11-01 09:57:05

Malaysia is investigating an alleged attempt to sell the data of more than 46 million mobile phone subscribers online after a major data breach, Communications and Multimedia Minister Salleh Said Keru...

America’s Chevron comes first under taxmen’s file search

America’s Chevron comes first under taxmen’s file search

 Doulot Akter Mala 2017-11-01 09:35:55

Taxmen started checking payroll status of foreign workers in Bangladesh through visiting corporate taxpayers' offices, and an oil giant came first under the probe. A taskforce team of the National B...

Muhith wants ICT use for region’s development

Muhith wants ICT use for region’s development

-- 2017-11-01 08:01:30

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...

Team Bonsai wins Digital Khichuri Challenge

Team Bonsai wins Digital Khichuri Challenge

FE Online Desk 2017-11-01 02:43:49

Being inspired by the success of the first ‘Digital Khichuri Challenge’ in 2016, the innovative competition returned this year with an aim to promote peace, tolerance and cultural diversit...

China- ESCAP to strengthen PPP in Asia-Pacific

China- ESCAP to strengthen PPP in Asia-Pacific

FE Online Report 2017-11-01 02:31:01

China and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have signed a new agreement to strengthen Public Private Partnership (PPP) in the region. They inked the d...

ICC-B chief for private sector's  working with int'l bodies, govts

ICC-B chief for private sector's working with int'l bodies, govts

FE Report 2017-11-01 01:32:09

The 13th meeting of ESCAP Business Advisory Council (EBAC) in progress in Bangkok on Monday, presided over by EBAC Chairman Mr. Mahbubur Rahman (2nd from left). Also seen in the picture (from L-R) are...

Russia-backed Facebook posts 'reached' 126m US users

Russia-backed Facebook posts 'reached' 126m US users

-- 2017-10-31 12:00:00

Facebook on Monday said as many as 126 million American users may have seen content uploaded by Russia-based operatives over the last two years. The social networking site said about 80,000 posts wer...

Bangladesh Bank urges banks to act cautiously

Bangladesh Bank urges banks to act cautiously

FE Report 2017-10-31 12:00:00

The Bangladesh Bank (BB) has advised the commercial banks to act cautiously, particularly in operating their offshore banking units (OBUs), to avert possible exchange rate risk in future. The banks,...

BD export earnings may slow down: UNESCAP

BD export earnings may slow down: UNESCAP

FE Online Report 2017-10-31 12:00:00

Growth of earnings from the merchandise export in Bangladesh may slow down in the next year, according to the latest forecast of the United Nations Economic and Social Commission for Asia and the Paci...

Maiden railway carriage plant in the making

Maiden railway carriage plant in the making

FHM Humayan Kabir 2017-10-31 12:00:00

Bangladesh's maiden railway carriage-production plant is going to be established at Syedpur hub to meet a growing demand of the popular mass transport, now up for expansion. Officials said Monday the...

Tk 17.30b project for rural bazaar dev

Tk 17.30b project for rural bazaar dev

-- 2017-10-31 12:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved the 'Development of infrastructures of countrywide rural bazaars' involving an estimated cost of Tk 17.30 billion. Under...

BD 177th in ease of doing business ranking

BD 177th in ease of doing business ranking

FE Online Report 2017-10-31 12:00:00

Bangladesh has been ranked 177th among 190 economies across the world in the latest tally of ease of doing business, prepared by The World Bank. The report shows the country actually slipped one step...

Thrust on infrastructure development to attract FDI

Thrust on infrastructure development to attract FDI

-- 2017-10-31 12:00:00

Experts at a discussion in Dhaka have said infrastructure development is urgently needed to invite foreign investment to Bangladesh. They said if it could be ensured, more foreign investors will show...

Bangladeshi-born scientist wins NASA's innovator award

Bangladeshi-born scientist wins NASA's innovator award

-- 2017-10-31 12:00:00

NASA research engineer Mahmooda Sultana has been named the 2017 “IRAD Innovator of the Year,” an award bestowed annually on those who achieve significant results creating technologies unde...

Brexit 'jeopardises' 75,000 UK jobs

Brexit 'jeopardises' 75,000 UK jobs

BBC 2017-10-31 10:37:15

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. I understand senior figures at the Bank are using the nu...

DTCA amending metro law to suit subway construction

DTCA amending metro law to suit subway construction

Munima Sultana 2017-10-31 10:09:47

Within over two years of enactment, the Mass Rapid Transit (MRT) Act is being amended to suit construction of subway as government high-ups want the high-speed train lines installed underground. Offi...

PM urges businesses to look  at South, SE Asian markets

PM urges businesses to look at South, SE Asian markets

-- 2017-10-30 12:51:13

Prime Minister Sheikh Hasina has said her government is encouraging the businesspeople to make more investment for further development of the country. She said South Asia as a whole is a big market....

Development fair kicks off

Development fair kicks off

-- 2017-10-30 12:50:18

A six-day 'Development Fair' of Palli Karma Sahayak Foundation's (PKSF) kicked off in Dhaka on Sunday in a bid to help expand market for products produced at marginal level by the people involved with...

US anti-dumping duties on Chinese  aluminium foil anger Beijing

US anti-dumping duties on Chinese aluminium foil anger Beijing

-- 2017-10-30 12:48:55

BEIJING, Oct 29 (Reuters): China said it was 'strongly dissatisfied' with the US decision to impose anti-dumping duties ranging from 97 per cent to 162 per cent on Chinese aluminium foil, urging Washi...

Farmers face economic crisis  due to sharp price fall

Farmers face economic crisis due to sharp price fall

Rafiqul Islam 2017-10-30 12:47:45

KHULNA, Oct 29: Prices of shrimp (galda) have been declined around 50 per cent in the international market. Exporters are also experiencing internal problems. As a result, they are trying to recover t...

WEF asks tech firms to do more on extremism

WEF asks tech firms to do more on extremism

Reuters 2017-10-30 12:00:00

US tech firms such as Facebook Inc and Twitter Inc should be more aggressive in tackling extremism and political misinformation if they want to avoid government action, a report from the World Economi...

Top US delegation to visit Myanmar, Bangladesh

Top US delegation to visit Myanmar, Bangladesh

FE Online Desk 2017-10-30 12:00:00

A top US delegation is going to visit Myanmar and Bangladesh to resolve the Rohingya crisis stemming from the persistent persecution of them in the former's western Rakhine state. Acting Assistant S...

Bernicat asks BD to remove trade-related barriers

Bernicat asks BD to remove trade-related barriers

-- 2017-10-30 12:00:00

US ambassador in Dhaka Marcia Stephens Bloom Bernicat has said that Bangladesh needs to take steps for removal of some major barriers in a bid to attract foreign direct investment (FDI). In this rega...

BB, banks review cheaper forex loan situation

BB, banks review cheaper forex loan situation

Siddique Islam 2017-10-30 12:00:00

The central bank is scheduled to meet top executives of 29 commercial banks today to review the credit exposure of offshore banking units (OBUs) of the banks as well as the overall credit and deposit...

Govt warns FIs of cyber espionage

Govt warns FIs of cyber espionage

-- 2017-10-30 12:00:00

The country’s all financial institutions (FIs) have been asked to take preventive measures in a bid to secure their online activities including financial transaction. The government instruction...