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The Financial Express

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Megaprojects to see big cuts in allocations for failure to utilise money

Megaprojects to see big cuts in allocations for failure to utilise money

FHM HUMAYAN KABIR 2022-02-28 08:57:50

Most of the fast-track projects have proposed the authorities concerned to cut their respective allocations substantially in the development budget for the current fiscal year (FY) due to lagging behi...

Sanctions on selected banks won’t affect Russia, banking experts say

Sanctions on selected banks won’t affect Russia, banking experts say

-- 2022-02-27 19:29:06

A decision by Western allies on Saturday to block "selected" Russian banks from the SWIFT payments system will inflict a crippling economic blow but also cause much pain to their own companies and ban...

Industries ministry implements record 63pc of ADP in first seven months of FY23

Industries ministry implements record 63pc of ADP in first seven months of FY23

-- 2022-02-27 18:32:53

With 63 per cent of execution record, the Ministry of Industries has surpassed the national rate in implementing the Annual Development Programme (ADP). From July to January of the fiscal year 2022-2...

NBR moves to boost tax revenue

NBR moves to boost tax revenue

-- 2022-02-27 18:14:13

The National Board of Revenue (NBR) has intensified its tax survey, inspection, monitoring, and realisation to boost the Tax GDP ratio, currently the lowest in the South Asian region. The poor situat...

Google bars RT, other Russian channels from receiving money for ads

Google bars RT, other Russian channels from receiving money for ads

-- 2022-02-27 11:18:03

Alphabet Inc’s Google barred on Saturday Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, apps and YouTube videos, similar to a move...

Intel selects Magdeburg in Germany to set up new multibillion-euro  chip factory

Intel selects Magdeburg in Germany to set up new multibillion-euro chip factory

-- 2022-02-26 17:55:54

Intel has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, a person familiar with matter told Reuter...

Economics Crossing Boundaries: Possibilities and Constraints

Economics Crossing Boundaries: Possibilities and Constraints

FE Online 2022-02-26 13:26:52

What are the limitations of economic models in describing or explaining economic phenomena in real life? What are the main differences between what economic students are taught in class via their text...

Foreign investors want fixed wastage rate

Foreign investors want fixed wastage rate

FE REPORT 2022-02-26 09:13:42

Foreign investors demand that the government fix the wastage rate for home-textile and Teri-towel products to remove some hurdles and boost exports, officials say. In a letter the Foreign Investors C...

Annual development programme execution far below pre-pandemic level

Annual development programme execution far below pre-pandemic level

FHM HUMAYAN KABIR 2022-02-26 08:37:58

Project-implementation rate this fiscal looks a bit better than the covid-ridden last financial year's but the public agencies lag far behind the pre-pandemic marks, insiders say, largely as one vit...

How Western sanctions will affect Russia

How Western sanctions will affect Russia

-- 2022-02-25 17:41:30

The United States, Britain and other Western nations have hit Russia with new sanctions following Russia's invasion of Ukraine on Thursday. The European Union broadly agreed on new measures, details...

Bangladesh to receive $300m WB financing designed to help 40m urban residents overcome Covid-19, future shocks

Bangladesh to receive $300m WB financing designed to help 40m urban residents overcome Covid-19, future shocks

FE ONLINE REPORT 2022-02-25 13:34:00

The World Bank on Friday approved $300 million to help Bangladesh strengthen its urban local government institutions to respond to the Covid-19 pandemic and improve preparedness to future shocks benef...

How Sri Lanka's economy ended in crisis

How Sri Lanka's economy ended in crisis

-- 2022-02-25 13:23:13

In late November 2019, after winning Sri Lanka's presidential election and months ahead of a parliamentary ballot that would again test his popularity, Gotabaya Rajapaksa gathered his cabinet and made...

20-day Bangladesh-Japan B2B meet begins virtually

20-day Bangladesh-Japan B2B meet begins virtually

FE REPORT 2022-02-25 10:07:52

Private-sector companies of Bangladesh and Japan started interacting in a three-week business meet for creating scopes of matchmaking between parties of the two countries. The 20-day business to bu...

Russia-Ukraine conflict raises threats for global economy

Russia-Ukraine conflict raises threats for global economy

-- 2022-02-24 20:45:35

Just what a vulnerable world economy didn’t need— a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese devel...

Tipu Munshi stresses signing FTA with Malaysia

Tipu Munshi stresses signing FTA with Malaysia

-- 2022-02-24 20:04:23

Commerce Minister Tipu Munshi has stressed the need for signing a Free Trade Agreement (FTA) with Malaysia in order to boost the trade, commerce, and investment of the two countries. "Bangladesh has...

Accurate data essential for budget implementation, says CPD

Accurate data essential for budget implementation, says CPD

-- 2022-02-24 19:08:08

Speakers at a dialogue on Thursday said that the timely disclosure of accurate fiscal data is essential for improving the implementation of the national budget and attainment of the national developme...

Did you know console makers sell their consoles at a loss?

Did you know console makers sell their consoles at a loss?

FARDEEN KABIR 2022-02-24 16:45:20

It would sound strange if we come across products getting sold at a lesser price than their cost, that too by some of the world’s biggest companies/manufacturers. And if there are names of the...

Brainwaves indicate dreaming or recalling memories before death?

Brainwaves indicate dreaming or recalling memories before death?

FE ONLINE DESK 2022-02-24 14:41:22

New data from a scientific "accident" has suggested that life may actually flash before our eyes as we die, the BBC reports. A team of scientists set out to measure the brainwaves of an 87-year-old p...

Bangladesh government advised to cut taxes to tame soaring prices

Bangladesh government advised to cut taxes to tame soaring prices

FE REPORT 2022-02-24 08:04:14

Lower taxes on essential commodities for both import and domestic levels to contain the wayward inflation, economists suggest the government as prices spike. While presenting their budget proposals...

BIDA introduces eight more services to online OSS centre

BIDA introduces eight more services to online OSS centre

-- 2022-02-23 20:24:18

Bangladesh Investment Development Authority (BIDA) has included eight more services of four organisations with its online One Stop Service (OSS) centre to ensure ease and swift services for the invest...

Tipu for target of $5b ICT exports by 2025

Tipu for target of $5b ICT exports by 2025

-- 2022-02-23 17:50:22

Commerce Minister Tipu Munshi has underscored the need for attaining the target of 5.0 billion US dollar exports from the Information and Communication Technology (ICT) sector by 2025. "By 2025, ICT...

The wireless earbuds you can buy under Tk 5000 in Bangladesh tech market

The wireless earbuds you can buy under Tk 5000 in Bangladesh tech market

FARDEEN KABIR 2022-02-23 13:21:44

True-wireless earbuds are gaining substantial attention in the Bangladeshi audio market, and we are going to discuss some of the go-to earbuds within the Tk 5000 range, as it is the most popular price...

European Union moves to boost business with Bangladesh

European Union moves to boost business with Bangladesh

SYFUL ISLAM 2022-02-23 08:32:17

The European Union moves to launch a new initiative with Bangladesh to synchronise the latter's public-and private-sector interests for tapping growing business potential unhindered. Officials say...

Less spending yields Bangladesh budget surplus in 1st half

Less spending yields Bangladesh budget surplus in 1st half

JASIM UDDIN HAROON 2022-02-23 08:23:13

Bangladesh sees budget surplus in the first half of the current fiscal year as the government spent less than its tax and other revenue receipts, officials say. The surplus in December reached Tk 1...

KB Petrochemicals to invest $10.39m in BEPZA Economic Zone

KB Petrochemicals to invest $10.39m in BEPZA Economic Zone

-- 2022-02-22 19:30:31

KB Petrochemicals Limited, a Kuwait-Bangladesh joint venture company, will invest 10.39 million US dollars to establish a Lubricating Oil Blending Plant in BEPZA Economic Zone. Bangladesh Export Pr...

Planning minister says PM wants to cut subsidy in power sector

Planning minister says PM wants to cut subsidy in power sector

-- 2022-02-22 17:44:45

Planning Minister MA Mannan has said Prime Minister Sheikh Hasina emphasised the need for gradually coming out from the subsidy system in the power and energy sector. The prime minister suggested thi...

AI Model translates sign language into English

AI Model translates sign language into English

Rassiq Aziz Kabir 2022-02-22 16:02:29

Among all the sign languages, the American variety is most widely used. Despite its widespread use, there was no software that would translate it into English. However, an engineering student from In...

Sri Lanka to promote batik, handloom products in global markets

Sri Lanka to promote batik, handloom products in global markets

-- 2022-02-21 20:38:48

The Sri Lankan government is to kick off a programme to promote the country's popular batik and handloom products to global markets in order to reboot local handloom industry. A senior official from...

South Korea keen to invest in various sectors in Bangladesh

South Korea keen to invest in various sectors in Bangladesh

FE REPORT 2022-02-21 14:03:05

Ambassador of the Republic of Korea Lee Hang-Keun has expressed his country's interests in investing in other industrial sectors here apart from the readymade garment (RMG) for mutual benefits of bo...

Bangladesh team to visit Egypt in March for talks on PTA

Bangladesh team to visit Egypt in March for talks on PTA

FE REPORT 2022-02-21 13:46:23

A high-profile official delegation is scheduled to visit Egypt early next month (March) to hold talks on signing a bilateral Preferential Trade Agreement (PTA), officials said. Led by State Ministe...