Search results for: EC

All you need to know about ChatGPT's AI revolution

Tanjim Istiaque Chowdhury 2023-01-29 17:09:28

ChatGPT is a long-form question-answering AI from OpenAI that conversely responds to complicated inquiries. It's a ground-breaking technology since it's been taught to understand what people mean when...

Sri Lanka economy could shrink by -3.5pc to -4.0pc: Wickremesinghe

-- 2023-01-28 20:11:16

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday. "From 2024, we will take this economy to positive growth....

Twitter says users will be able to appeal account suspension

-- 2023-01-28 10:20:31

Twitter users will be able to appeal account suspensions and be evaluated under the social media platform's new criteria for reinstatement, starting February 1, the company said on Friday. Under the...

Pakistani rupee fall slows as PM Sharif hopes for IMF funds

-- 2023-01-27 22:14:04

The Pakistani rupee's two-day decline slowed on Friday on news that an IMF team was visiting Islamabad next week to discuss unlocking a suspended bailout package, though the currency still closed at a...

Pakistan’s forex reserves fall by $923 million

-- 2023-01-27 16:24:41

The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by 923 million US dollars last week. During the week ending on Jan. 20, the total foreign exchange reserves of the Pa...

Pakistani rupee's fall slows as hopes rise for IMF money

FE ONLINE DESK 2023-01-27 13:03:39

The Pakistani rupee showed signs of steadying on Friday after steep decline over the previous two days, with hopes raised by an International Monetary Fund team visiting Islamabad in coming days...

Shipping ministry to implement 35 projects involving Tk 70.75b

FE REPORT 2023-01-27 09:05:02

The Ministry of Shipping will implement 35 projects during the ongoing fiscal year of 2022-23 (FY 23) involving a cost of over Tk 70.75 billion. Of the total projects, 31 are under annual development...

Call money rate rises to 7pc amid liquidity shortage

FE REPORT 2023-01-27 08:54:06

The inter-bank call money rate soared to its highest cap at 7.0 per cent -- a rise by nearly 200 per cent in a year since January 2022 -- on Wednesday amid a liquidity crisis on the financial market....

Hard access to finance, policy puzzle listed among barriers

FE REPORT 2023-01-27 08:33:57

Difficulty in getting access to finance and land, policy unpredictability and taxes emerge as most business-hurting areas in Bangladesh, chambers and investors said Thursday while unveiling an index...

Pakistan seeks US help in unlocking $1.1b IMF loan

-- 2023-01-26 17:29:32

Pakistan has sought support from Washington to unlock a stalled International Monetary Fund programme that would release $1.1 billion to its strained economy as the country rebuilds after last year's...

Borrowing at 9pc could be troubling for private banks, economists say

-- 2023-01-26 16:11:26

Some private sector banks are in deep crisis because of a lack of adequate liquidity and are being forced to borrow money from state-owned Sonali Bank at a 9.0 per cent interest rate to stay afloat.&n...

Google makes changes to Android in India after antitrust setbacks

-- 2023-01-26 13:54:31

Google said on Wednesday it will allow device makers in India to license its individual apps for pre-installation and give an option to users to choose their default search engine, announcing sweeping...

Meta's social media apps back up after brief outage

-- 2023-01-26 12:09:02

Meta Platforms' social media apps appeared to be back up after facing a brief disruption in the United States on Wednesday, data on outage tracking website Downdetector.com showed. At the peak o...

South Korea vows support for exporters as economy shrinks

-- 2023-01-26 10:04:12

South Korea's government promised strong support for exporters after the country posted on Thursday its first economic contraction in 2/1-2 years, due mainly to a crash in exports, and faced a possibi...

Meta says it will reinstate Trump's Facebook and Instagram accounts

-- 2023-01-26 09:56:49

Meta Platforms said Wednesday it will reinstate former US President Donald Trump's Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill ri...

BD-Korea bilateral trade reaches record high

FE ONLINE REPORT 2023-01-25 22:57:16

The bilateral trade volume between Korea and Bangladesh has reached another record high in 2022 exceeding 3.0 billion US dollars. According to the statistics of the Korea International Trade Associat...

FBCCI urges Japanese investors to set up automobile industries in Bangladesh

-- 2023-01-25 21:14:20

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Japanese investors to set up automobile industries in Bangladesh. FBCCI could work closely with Japanese entrepreneurs...

Three more firms get land in economic zone

-- 2023-01-25 19:03:50

Bangladesh Economic Zones Authority (BEZA) has signed land lease agreements with three organisations. The organisations are: Bangladesh Industrial Technical Assistance Centre (BITAC), Swan Internatio...

Nvidia CEO says AI will need regulation, social norms

-- 2023-01-25 16:39:55

Nvidia Corp Chief Executive Officer Jensen Huang on Tuesday said that the burgeoning field of artificial intelligence will create powerful tools that require legal regulation and social norms that hav...

Microsoft cloud outage hits users around the world

-- 2023-01-25 16:27:09

Microsoft Corp on Wednesday was hit with a networking outage that took down its cloud platform Azure along with services such as Teams and Outlook, potentially affecting millions of users globally. A...

Rupee edges higher on soft dollar, traders eye inflows

-- 2023-01-25 16:02:43

The Indian rupee strengthened against the US currency on Wednesday, as the dollar remained muted and Treasury yields declined. The rupee was trading at 81.5350 per dollar by 10:13 am IST, compared wi...

Twitter faces lawsuits over unpaid rent for US HQ, UK office

FE ONLINE DESK 2023-01-25 11:16:15

More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon...

Chinese loan commitment to emerging economies hit 13-year low

-- 2023-01-24 19:52:51

Loans committed by China's two main trade policy banks fell to a 13-year low of $3.7 billion in 2021 due to Beijing curtailing funding for large-scale oil projects, a study from Boston University Glob...

Parliament passes Universal Pension Management Bill, 2023

-- 2023-01-24 19:26:33

The Universal Pension Management Bill, 2023 was passed in the parliament with the aim to bring the country’s growing elderly population under a universal pension scheme. Finance Minister AHM Mu...

China offers Sri Lanka debt moratorium, IMF help still in doubt

-- 2023-01-24 18:50:50

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fun...

WB reiterates strong support for Bangladesh  

-- 2023-01-24 18:40:06

World Bank (WB) Managing Director for Operations Axel van Trotsenburg on Tuesday reaffirmed the World Bank's strong support for Bangladesh to help achieve its vision of upper-middle income status by 2...

Sri Lanka hopeful of completing debt restructuring in six months

-- 2023-01-24 13:44:50

Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country's central bank chief P. Nandalal Weerasinghe sai...

Microsoft to invest more in OpenAI as tech race heats up

-- 2023-01-24 10:38:12

Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more competit...

Give soft loans to CMSMEs to uplift economy, FBCCI urges govt

FE REPORT 2023-01-24 08:47:50

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government on Monday to provide soft loans to cottage, micro, small and medium enterprises (CMSMEs) for betterment of...

Bangladesh loses billions to transfer pricing tricks

DOULOT AKTER MALA 2023-01-24 08:42:36

Bangladesh could tap huge legitimate revenues lost to transfer mispricing by building capacity of taxmen to prevent such intra-company trade tricks also deemed linked to capital flight, according to...