Search results for: EC

Join Robi as Manager, Robi Digital and Partnerships

FE Online 2022-08-27 14:30:50

Robi Axiata Ltd is currently the second largest mobile operator in Bangladesh.  Vacancy: not specified  Name of the Position: Manager, Robi Digital and Partnerships Job Responsibilities:...

Prospect of receiving soft ADB loans dims

FHM HUMAYAN KABIR 2022-08-27 08:07:42

Bangladesh's performance in major sectors has not improved in latest Asian Development Bank (ADB) assessment, officials say, thus weakening its prospect of receiving concessional funds from the lend...

SpaceX, T-Mobile plan to connect mobile phones to satellites 

-- 2022-08-26 18:15:38

US wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX's Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday...

Indonesia may raise fuel prices by 40pc to manage fiscal pressure

-- 2022-08-26 16:12:23

Indonesia may raise subsidised fuel prices by 30 per cent to 40 per cent to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo's ruling coalition government...

Jack Dorsey says his biggest regret is Twitter became a company

-- 2022-08-26 12:11:45

Twitter founder and former chief executive Jack Dorsey tweeted Thursday that he regrets the social media platform became a company. "The biggest issue and my biggest regret is that it became a compan...

Japan's wage growth to lag inflation over next 12 months: Reuters poll

REUTERS 2022-08-26 10:33:18

Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80 per cent of economists said in a Reuters poll, which would be bad news for an economy that has...

Bangladesh mulls alternative transactions to import commodities from Russia

-- 2022-08-25 20:11:52

Bangladesh has been weighing options to make payments for commodities it seeks to import from Russia after Moscow was banned from using the SWIFT payment system, the most popular international payment...

BB implements Tk 250b loan package for small entrepreneurs 

-- 2022-08-25 18:57:07

The small entrepreneurs in the cluster-based manufacturing industries will get 5-year term loans with flexible conditions from the Tk 250 billion special refinance scheme of Bangladesh Bank.  Th...

BB creates Tk 1.0b refinance scheme for wheat, maize growers

-- 2022-08-25 18:48:27

Bangladesh Bank (BB) has formed a refinancing scheme of Tk 1.0 billion for wheat and maize cultivators in a bid to increase the yield of the food grains and reduce the country's dependency on imports....

China's Baidu reveals its first quantum computer

-- 2022-08-25 16:27:52

Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical...

Sony hikes PS5 price

-- 2022-08-25 15:39:44

Sony Group Corp said on Thursday it was hiking the price of its PlayStation 5 games console in markets including Europe, Japan and Britain following economic pressures including rising interest rates....

Taiwan unveils record defence budget amid tensions with China

-- 2022-08-25 15:23:10

Taiwan has unveiled plans for a record boost in defence spending, weeks after China staged unprecedented military exercises around the democratically governed island. The 13.9 per cent spending incre...

Biden forgives millions of student loans

-- 2022-08-25 13:16:37

President Joe Biden said on Wednesday the US government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for th...

India provides $1m to BIMSTEC for operational budget 

-- 2022-08-24 21:47:18

India has provided $1 million to the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretariat in Dhaka to increase its operational budget.  Indian Min...

Bangladesh, Malaysia will work for developing digital economy, says Palak 

-- 2022-08-24 21:30:52

State Minister for ICT Division Zunaid Ahmed Palak today said that the governments of Bangladesh and Malaysia will work more intensively together to develop a digital economy, and invest in IT skills...

Revenue collection posts 15pc growth in July 

-- 2022-08-24 21:06:27

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 per cent in the first month (July) of the current fiscal year (FY23) fetching Tk 175.20 billion.  T...

Qatar aims to invest $3.0 billion to support ‘cash-strapped’ Pakistan

-- 2022-08-24 21:04:15

The Qatar Investment Authority aims to invest $3.0 billion in Pakistan, the Qatari ruler's office said on Wednesday, lending support to the South Asian nation's cash-strapped economy. Pakistan is in...

Kuwait raises oil production to meet increasing demand 

-- 2022-08-24 18:21:43

Kuwait has said that it will increase oil production to 2.811 million barrels per day to ensure safe and stable supplies amid rising global demand.  In a statement cited by Kuwait News Agency, D...

Pandemic sets back Asia-Pacific's poverty fight by 2 years: ADB

REUTERS 2022-08-24 13:05:51

The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on W...

India e-commerce firms ramp up hiring ahead of shopping season

-- 2022-08-24 12:07:32

India's e-commerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest...

ERD requests WB to confirm budgetary-support credit early

FHM HUMAYAN KABIR 2022-08-24 08:20:07

Bangladesh government has requested the World Bank (WB) to confirm a budgetary-support loan worth US$1.0 billion and release the second tranche of a loan, approved earlier, expeditiously to help it na...

Dollar manipulation: BB summons account details of 28 exchanges

-- 2022-08-23 21:44:20

Bangladesh Bank (BB) has summoned bank account details of 28 money exchange houses in connection with illegal dollar trading and money laundering.  The BB officials have inspected 100 exchange h...

Ms Trendy Textiles to invest $39m in DEPZ 

-- 2022-08-23 18:08:11

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ.  This fully Bangladeshi owned company will invest US$ 38.99 million where 299...

Apple plans to make iPhone 14 in India

-- 2022-08-23 15:44:24

Apple Inc plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from the typical six to nine months for previous launches, Bl...

Musk seeks documents from Jack Dorsey in fight over Twitter deal

REUTERS 2022-08-23 11:06:40

Billionaire entrepreneur Elon Musk is seeking documents from Twitter Inc co-founder Jack Dorsey as the CEO of Tesla and SpaceX pursues his legal fight to walk away from his $44 billion deal for the so...

Austerity may save Tk 350b

SYFUL ISLAM 2022-08-23 08:26:43

Global crisis-driven austerity measures taken during last couple of months may save Bangladesh an estimated Tk 350 billion, thus cushioning the exchequer against the sort of severe financial crises...

UK inflation likely to hit 18pc next year, Citi forecasts 

-- 2022-08-22 21:06:30

British consumer price inflation is set to peak at 18 per cent - nine times the Bank of England's target - in early 2023, an economist at US bank Citi said on Monday, raising his forecast once again i...

PM invites Qatar to invest in Bangladesh’s economic zones

-- 2022-08-22 19:22:48

Prime Minister Sheikh Hasina on Monday urged Qatar’s businesspeople and entrepreneurs to invest in Bangladesh’s Special Economic Zones. She also sought more cooperation from Qatar in impo...

Rule of law important for Bangladesh to attract FDI, says British envoy

FE ONLINE REPORT 2022-08-22 18:49:15

British High Commissioner to Bangladesh, Robert Chatterton Dickson on Monday said, adherence to the rule of law and democracy are important principles to attract foreign investment. “There is s...

Job Opportunity at Grameenphone Ltd as Principal Engineer

FE Online 2022-08-22 13:13:38

Grameenphone Limited is a leading and well-known telecom company in Bangladesh. Vacancy: not  Vacancy Type: Principal Engineer - Infrastructure, Cloud Platforms, and Security Management Organi...