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Search results for: EC

Export Development Fund reduced by $1.0b

Export Development Fund reduced by $1.0b

-- 2023-01-23 22:34:56

The Export Development Fund, formed to help exporters with foreign currency on relaxed conditions, has dropped by $1.0 billion to $6.0 billion, a development that may ease pressure on forex reserves....

WB lists dos for Bangladesh's uplift

WB lists dos for Bangladesh's uplift

FE REPORT 2023-01-23 08:50:28

Bangladesh needs higher and sustainable levels of infrastructure investment, digitization, human capital particularly in education, health and social protection to reach the next high of development a...

World Bank a key partner of Bangladesh’s economic growth: Finance minister

World Bank a key partner of Bangladesh’s economic growth: Finance minister

-- 2023-01-22 21:34:10

Finance Minister AHM Mustafa Kamal on Sunday praised the World Bank for its continued support towards Bangladesh’s development. He said Bangladesh's growth has increased by 74 times since 1972,...

Australian park rangers say 'Toadzilla' could be world's biggest toad

Australian park rangers say 'Toadzilla' could be world's biggest toad

-- 2023-01-22 18:19:20

Australian park rangers believe they have stumbled upon a record-breaking giant toad deep in a rainforest. Dubbed "Toadzilla", the cane toad, an invasive species that poses a threat to Australia's ec...

Musk says higher priced Twitter subscription won't carry ads

Musk says higher priced Twitter subscription won't carry ads

Reuters 2023-01-22 10:01:25

Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are "too frequent on Twitt...

Take multidimensional measurement approach to assess real poverty line, say economists

Take multidimensional measurement approach to assess real poverty line, say economists

FE Report 2023-01-22 08:52:34

Speakers at a discussion on Saturday emphasised on taking a multidimensional poverty measurement approach instead of income-based poverty measures to assess the real poverty line of Bangladesh. Alt...

Finance minister urges World Bank to extend more support in mega projects

Finance minister urges World Bank to extend more support in mega projects

-- 2023-01-21 21:07:43

Finance Minister AHM Mustafa Kamal has urged the World Bank to extend more support in mega projects of Bangladesh and also to make capital Dhaka more liveable to make memorable the 50-year partnership...

Davos 2023: Key takeaways from the World Economic Forum

Davos 2023: Key takeaways from the World Economic Forum

REUTERS 2023-01-21 19:19:20

Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will tackle its biggest issues in 2023. Here...

South Korea turning into a lucrative destination for B'desh migrants

South Korea turning into a lucrative destination for B'desh migrants

ARAFAT ARA 2023-01-21 08:59:51

South Korea has turned into a lucrative destination for Bangladeshi migrants in the post-pandemic period, as it hired a record number of workers from Bangladesh in the last calendar year. Bangladesh...

Bangladesh-World Bank devevelopment partnership celebration Sunday

Bangladesh-World Bank devevelopment partnership celebration Sunday

FHM HUMAYAN KABIR 2023-01-21 08:58:14

The government may request more assistance during World Bank Managing Director Axel van Trotsenburg's tour as he arrives today to join golden-jubilee celebration of development cooperation with Bang...

Interest payments squeeze space for growth support

Interest payments squeeze space for growth support

JASIM UDDIN HAROON 2023-01-21 08:53:41

The largest share of public finance usually goes for interest payments, as a single head, against government borrowings but the volume has been surging of late. Meanwhile, statistics show, government...

Food inflation high in BD, South Asia: WB

Food inflation high in BD, South Asia: WB

FE REPORT 2023-01-21 08:52:06

Food inflation remains high in Bangladesh along with many other countries in South Asia, making healthy food less affordable across the region, according to the World Bank (WB). "The high incidence o...

Commerce minister seeks duty-free cotton from USA

Commerce minister seeks duty-free cotton from USA

-- 2023-01-20 18:31:13

Commerce Minister Tipu Munshi has sought duty-free benefits from the United States of America (USA) for importing cotton. "Bangladesh is the second largest exporter of Ready-made Garments (RMG) in th...

RCBC appeals New York court loss to Bangladesh

RCBC appeals New York court loss to Bangladesh

-- 2023-01-20 18:26:12

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank's motion to throw out the Bangladesh central bank's lawsuit ag...

Study documents worldwide light pollution

Study documents worldwide light pollution

REUTERS 2023-01-20 16:35:50

Light pollution caused by the incessant nighttime glow of electric lights appears to be intensifying, according to research using observations from tens of thousands of people at various locations aro...

India says it is committed to boosting investment in crisis-hit Sri Lanka

India says it is committed to boosting investment in crisis-hit Sri Lanka

FE ONLINE DESK 2023-01-20 14:52:32

India has told Sri Lanka it is committed to boosting investment in its debt-ridden neighbour, to help pull it from its worst economic crisis in seven decades, Foreign Minister Subrahmanyam Jaish...

Sri Lanka expects financing assurances from China for IMF deal within days

Sri Lanka expects financing assurances from China for IMF deal within days

FE ONLINE DESK 2023-01-20 14:43:32

Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fun...

Google vows to cooperate with India antitrust authority after Android ruling

Google vows to cooperate with India antitrust authority after Android ruling

Reuters 2023-01-20 12:29:46

Google said on Friday it will cooperate with India's competition authority after the country's top court upheld an antitrust order forcing the US firm to change how it markets its popular Android plat...

Forex reserve falls to $32.48b after ACU payment

Forex reserve falls to $32.48b after ACU payment

FE REPORT 2023-01-20 08:59:35

Bangladesh's foreign exchange reserves stood at US$32.48 billion on Thursday, following a payment of over $1.1 billion to the Asian Clearing Union (ACU) last week. The reserve was $33.75 billion at...

Eliminate BB-FID diarchy for sound banking

Eliminate BB-FID diarchy for sound banking

JASIM UDDIN HAROON 2023-01-20 08:52:07

Elimination of the Bangladesh Bank-FID (Financial Institution Division) diarchy in the banking sector is among major reforms being suggested by experts for tidying the industry as a remake of the law...

Padma Bridge project: Cost set to rise 8.88pc, work to take one more year

Padma Bridge project: Cost set to rise 8.88pc, work to take one more year

MUNIMA SULTANA 2023-01-20 08:49:15

The government is set to revise the Padma Multipurpose Bridge (PMB) project with both cost escalation and time extension. Officials said the third revised development project proposal (DPP) would see...

Germany wants to develop Bangladesh’s solar irrigation system

Germany wants to develop Bangladesh’s solar irrigation system

-- 2023-01-19 18:19:49

German Parliamentary State Secretary for Economic Cooperation and Development Dr Barbel Kofler has expressed his country's interest to support Bangladesh in the development of a solar irrigation syste...

‘Bangladesh on right track to become trillion-dollar economy by 2035’

‘Bangladesh on right track to become trillion-dollar economy by 2035’

-- 2023-01-19 18:16:34

Foreign Minister AK Abdul Momen on Thursday laid emphasis on stronger partnership and collaborations, noting that Bangladesh is moving towards the right direction to become a trillion-dollar economy b...

AIIB urged to relax lending terms, rate

AIIB urged to relax lending terms, rate

FE REPORT 2023-01-19 15:10:05

Bangladesh has requested the Asian Infrastructure Investment Bank (AIIB) to relax its lending terms and conditions amid the global economic situation, officials said on Wednesday. Visiting AIIB Vice...

Cashless BD campaign starts in Dhaka

Cashless BD campaign starts in Dhaka

FE REPORT 2023-01-19 09:18:37

The Bangladesh Bank (BB) launched 'Cashless Bangladesh, Smart Bangladesh' campaign from the capital's Motijheel area on Wednesday to bring small/micro merchants, like street vendors, under a low-cost...

AIIB keen to provide more support in Bangladesh's renewable energy

AIIB keen to provide more support in Bangladesh's renewable energy

-- 2023-01-18 21:44:17

State Minister for Planning Dr Shamsul Alam has said the Asian Infrastructure Investment Bank (AIIB) is eager to provide more support in helping strengthen the renewable energy sector and other green...

Bangladesh’s economy to reach $1 trillion by 2040

Bangladesh’s economy to reach $1 trillion by 2040

-- 2023-01-18 19:53:33

The size of Bangladesh’s economy will be $1.0 trillion by 2040, if the current consecutive growth of over 6.0 per cent continues while it will be achieved by 2030 if the growth goes over 8.0 per...

UK inflation edges down to 10.5pc in December, food prices surge

UK inflation edges down to 10.5pc in December, food prices surge

-- 2023-01-18 17:09:51

British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose...

Apple rolls out Macbooks with new M2 chips

Apple rolls out Macbooks with new M2 chips

-- 2023-01-18 14:13:49

Apple on Tuesday unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips in a surprise launch weeks ahead of its usual schedule. The roll-out of the devices using Apple's latest...

Apple unveils new MacBooks powered with latest M2 Pro, M2 Max chips

Apple unveils new MacBooks powered with latest M2 Pro, M2 Max chips

-- 2023-01-17 21:13:23

Apple Inc on Tuesday unveiled new MacBooks powered with the latest M2 Pro and M2 Max chips made in-house, in a surprise announcement ahead of its traditional launch event. Apple Inc on Tuesday unveil...