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The Financial Express

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ADP implementation: MoRA outperforms all ministries in FY '22

ADP implementation: MoRA outperforms all ministries in FY '22

JASIM UDDIN HAROON 2022-08-22 11:08:35

The Ministry of Religious Affairs (MoRA) spent more than its development allocation in the first 10 months of the last fiscal year (FY) ending on June 30 last, outperforming all the ministries. In th...

China cuts lending benchmarks to revive faltering economy

China cuts lending benchmarks to revive faltering economy

REUTERS 2022-08-22 10:26:01

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a...

'No respite from intractable inflation'

'No respite from intractable inflation'

FE REPORT 2022-08-22 08:37:54

Inflationary pressure would continue hurting people in days ahead, too, finance experts say as they see no sign of an immediate respite from spiralling prices. At a discussion in Dhaka on Sunday they...

‘Bangladesh economy has unease, but no crisis’

‘Bangladesh economy has unease, but no crisis’

-- 2022-08-21 21:10:12

State Minister for Planning  Shamsul Alam has said Bangladesh’s economy has discomfort, but there is no crisis yet.  Denying a section of economists' assumptions, he said the economy...

Iraq's foreign currency reserves to hit $90b by end of 2022

Iraq's foreign currency reserves to hit $90b by end of 2022

-- 2022-08-21 17:40:00

Iraq's foreign currency reserves are now above $80 billion and are expected to hit $90 billion by the end of the year. Deputy Governor of Iraq’s central bank Ammar Khalaf gave the information o...

Govt alerts IT infrastructures, key offices over DDoS cyber-attack

Govt alerts IT infrastructures, key offices over DDoS cyber-attack

-- 2022-08-20 20:38:29

All important organisations, including information technology (IT) infrastructures, were asked to take proper measures as the government’s computer incident response team in its regular surveill...

NVIDIA graduate fellowship for PhD students

NVIDIA graduate fellowship for PhD students

FE Online 2022-08-20 15:42:19

NVIDIA is a world-renowned American billion-dollar tech company specializing in producing GPUs and APIs. Benefits: The NVIDIA Graduate Fellowship Program provides funding of up to $50,000 per awar...

Bhutan bans import of most vehicles as forex reserves plummet

Bhutan bans import of most vehicles as forex reserves plummet

-- 2022-08-20 13:45:02

Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice se...

Russia takes punitive measures against TikTok, Telegram, Zoom, Discord, Pinterest

Russia takes punitive measures against TikTok, Telegram, Zoom, Discord, Pinterest

-- 2022-08-19 21:27:22

Russia's state communications regulator has announced taking punitive measures against five foreign IT companies for violating online content laws, which could require search engines to include a disc...

Apple warns of security flaw for iPhones, iPads and Macs

Apple warns of security flaw for iPhones, iPads and Macs

-- 2022-08-19 20:37:47

Apple disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices. Apple released two security reports abou...

Chattogram now 64th busiest seaport in the world

Chattogram now 64th busiest seaport in the world

-- 2022-08-19 19:58:24

The Chattogram seaport has become the 64th busiest port among the top 100 container ports across the world, according to Lloyd's List. Lloyd's List, one of the oldest shipping journals in the world,...

Samsung Elec breaks ground on new chip R&D centre, plans $15b investment by 2028

Samsung Elec breaks ground on new chip R&D centre, plans $15b investment by 2028

-- 2022-08-19 18:46:04

Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 trillion won ($15 billion...

Bangladesh eyes more US investment in renewable energy sector

Bangladesh eyes more US investment in renewable energy sector

-- 2022-08-19 16:59:20

Dr Tawfiq-e-Elahi Chowdhury, adviser to the prime minister for Power, Energy and Mineral Resources Affairs, urged the US government for more investment through its International Development Finance Co...

Sri Lanka faces mass brain drain amid crisis

Sri Lanka faces mass brain drain amid crisis

-- 2022-08-19 16:42:30

Shamla Yoosoof, an investment researcher from Colombo, left Sri Lanka with her three-year-old son and a jam-packed suitcase, swapping economic chaos at home for a new start in Dubai. She flew out in...

Pakistan names Jameel Ahmad as new central bank governor

Pakistan names Jameel Ahmad as new central bank governor

-- 2022-08-19 16:06:00

Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank's new governor on Friday, appointing him for a five-year term. The Pakistani central bank had b...

OPEC says it should not be blamed for oil price hike

OPEC says it should not be blamed for oil price hike

-- 2022-08-19 16:04:03

Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, the producer group's new Secretary General Haitham Al Ghais told Reuters on Thurs...

Musk targets ad tech firms in Twitter suit over takeover deal

Musk targets ad tech firms in Twitter suit over takeover deal

-- 2022-08-19 13:13:05

Billionaire entrepreneur Elon Musk, who is attempting to walk away from his deal to acquire Twitter, is seeking documents from advertising technology firms as part of his quest to gain more informatio...

Dollar manipulation: BB issues show-cause notices to six bank MDs

Dollar manipulation: BB issues show-cause notices to six bank MDs

-- 2022-08-18 16:21:10

Bangladesh Bank (BB) has issued show cause notices to the managing directors (MDs) of banks for their alleged involvement in dollar manipulation. Besides, the investigation is going on against 12 oth...

Australia jobless rate hits fresh 48-year low

Australia jobless rate hits fresh 48-year low

-- 2022-08-18 13:21:18

Australia's jobless rate dropped to a fresh 48-year low in July even as employment broke a super-strong run with the first fall this year, a mixed report that might hint at some cooling in the red-hot...

Non-tax revenue notches down

Non-tax revenue notches down

JASIM UDDIN HAROON 2022-08-18 08:00:27

Non-tax revenue (NTR), the second-biggest source of government revenues, contracted more than 33 per cent in ten months to last April, with its impact on total resource mobilisation in the last fiscal...

Oil climbs $2.0 as US crude stocks plunge on strong export demand

Oil climbs $2.0 as US crude stocks plunge on strong export demand

-- 2022-08-17 21:25:37

Oil climbed about $2.0 after hitting a six-month low earlier on Wednesday as US government data showed a much larger than expected draw in crude inventories thanks to strong export demand. US crude s...

Central bank fixes ceiling on profit for money changers

Central bank fixes ceiling on profit for money changers

-- 2022-08-17 18:40:28

After setting a cap on the gap between the buying and selling rates of the dollar against the Bangladesh currency in banks, the central bank has now fixed a ceiling on the profit by money changers. T...

NASA’s giant US moon rocket emerges for debut launch

NASA’s giant US moon rocket emerges for debut launch

-- 2022-08-17 17:54:43

NASA’s gigantic Space Launch System moon rocket, topped with an uncrewed astronaut capsule, began an hours-long crawl to its launchpad Tuesday night ahead of the behemoth's debut test flight thi...

Apple Watch, MacBook to be made in Vietnam for first time

Apple Watch, MacBook to be made in Vietnam for first time

-- 2022-08-17 17:16:08

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter, according to Reuters....

Lending decision on Bangladesh in October, says IMF

Lending decision on Bangladesh in October, says IMF

-- 2022-08-17 17:00:14

Bangladesh has to wait until October for the International Monetary Fund (IMF) to take a final call on its request to borrow funds from the Washington-based lending agency,  according to a region...

Apple Entrepreneur Club to enhance your business app

Apple Entrepreneur Club to enhance your business app

FE Online 2022-08-17 16:19:59

Apple Entrepreneur Club is a tech-intensive training lab where the Apple company provides mentorship and one-year free membership in the Apple Developer Community to underrepresented minority groups (...

Biden signs inflation act

Biden signs inflation act

-- 2022-08-17 11:07:36

US President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in the country's history, designed to cut domestic greenhouse gas emissions as well as...

Bangladesh to get easier access to UK market in post-LDC era

Bangladesh to get easier access to UK market in post-LDC era

FE REPORT 2022-08-17 10:06:26

The United Kingdom (UK) on Tuesday launched the Developing Countries Trading Scheme (DCTS), offering 65 developing countries, including Bangladesh, an easier market access to their market with reduced...

Stress on BoP likely to continue

Stress on BoP likely to continue

FE REPORT 2022-08-17 08:52:28

The ongoing pressure on Bangladesh's balance of payments (BoP) is likely to continue in the coming years due to uncertainties surrounding global developments, an IMF spokesperson warned on Tuesday. H...

India wants to start CEPA talks in Sept

India wants to start CEPA talks in Sept

SYFUL ISLAM 2022-08-17 08:33:53

India wants to start negotiations with Bangladesh for signing a Comprehensive Economic Partnership Agreement (CEPA) soon, preferably next month, as a joint study on the proposed pact was accepted by...