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The Financial Express

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Foreign aid pledged for Bangladesh in first half plunges 83pc

Foreign aid pledged for Bangladesh in first half plunges 83pc

FHM HUMAYAN KABIR 2022-01-27 08:54:58

The foreign aid commitment plunged by 83 per cent in the first half (H1) of the current fiscal year (FY) 2021-22, officials said on Wednesday. Foreign development partners had confirmed US$4.399 bi...

Bangladeshi companies can invest 25pc of asset offshore

Bangladeshi companies can invest 25pc of asset offshore

SYFUL ISLAM 2022-01-27 08:39:43

The government issued guidelines permitting Bangladeshi entrepreneurs to make offshore equity investment to the tune of 25 per cent of net asset of a company -- to instant welcome from businesses....

How to avoid overspending on computer motherboards

How to avoid overspending on computer motherboards

FARDEEN KABIR 2022-01-26 17:19:08

A computer’s motherboard is the heart of the machine that connects all other components together, and getting the right motherboard is one of the most crucial parts of buying a pc. Buying a m...

YouTube to explore NFT features for creators

YouTube to explore NFT features for creators

FE ONLINE DESK 2022-01-26 12:37:14

YouTube is exploring features for its video creators to capitalize on non-fungible tokens, its chief executive officer said on Tuesday, becoming the latest tech company to tap into a digital collectib...

16km road building at Safari Park sees 300pc cost overrun

16km road building at Safari Park sees 300pc cost overrun

FHM HUMAYAN KABIR 2022-01-26 08:38:02

Four years have elapsed, but forest department has failed to build a 16-kilometre road at Bangabandhu Safari Park in Gazipur, resulting in a 301-per cent cost overrun. Yet, the Executive Committee...

NBR to crop National Single Window project

NBR to crop National Single Window project

FE REPORT 2022-01-26 08:30:26

The revenue board has decided to trim the Tk 5.85 billion National Single Window (NSW) project detecting its overlapping components. It has found components of NSW, one of largest projects, have alre...

Google sued over location tracking practices

Google sued over location tracking practices

-- 2022-01-24 21:44:44

Texas and the District of Columbia sued Alphabet Inc's Google on Monday over what he called deceptive location tracking practices that invade users’ privacy. Two other state attorneys general p...

Opportunity to join Banglalink as a Talent Acquisition Senior Specialist

Opportunity to join Banglalink as a Talent Acquisition Senior Specialist

FE Online 2022-01-24 15:16:09

Banglalink is one of the leading telecommunications companies in the country. It is a subsidiary of VEON Ltd, a Netherlands based company. Banglalink’s subscriber base exceeds 33 million users....

Bangladesh offered help to retain growth pace in post-LDC period

Bangladesh offered help to retain growth pace in post-LDC period

FE REPORT 2022-01-24 09:23:10

Commonwealth Enterprise and Investment Council (CWEIC) is willing to assist Bangladesh in sustaining its robust economic growth after the country's graduation from the category of least developed coun...

Dhaka renews efforts to brand Bangladesh

Dhaka renews efforts to brand Bangladesh

-- 2022-01-23 21:22:25

The government of Bangladesh wants to expedite its efforts to brand Bangladesh abroad highlighting its areas of strength with an aim to make the country a more attractive destination for trade and inv...

Textiles, apparel exports to US increase by 30.68pc in 2021

Textiles, apparel exports to US increase by 30.68pc in 2021

-- 2022-01-23 18:52:10

The import volume of textiles and apparel from Bangladesh by the United States of America (USA) keeps growing with 30.68 per cent rise last year, according to the Office of Textiles and Apparel (OTEXA...

BB introduces credit guarantee facility to pace loans disbursement among marginal groups   

BB introduces credit guarantee facility to pace loans disbursement among marginal groups  

-- 2022-01-23 18:27:22

Bangladesh Bank (BB) has introduced a new credit guarantee facility to speed up loan disbursement to landless farmers, low income professionals, school banking account holders and small traders. Th...

Da Vinci Resolve can be your go to video editing software

Da Vinci Resolve can be your go to video editing software

Fardeen Kabir 2022-01-22 17:56:41

We are living in a time where video content has gained massive popularity than it did at any point in time. The number of people making video content and the demand for video content-related hardwar...

Intel to invest up to $100b in chip plants

Intel to invest up to $100b in chip plants

FE ONLINE DESK 2022-01-22 09:54:14

Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affe...

Returns on foreign loans may squeeze as Bangladesh's debt servicing liabilities surge

Returns on foreign loans may squeeze as Bangladesh's debt servicing liabilities surge

FHM HUMAYAN KABIR 2022-01-22 09:12:17

Bangladesh's net foreign loans fell as repayments under debt-servicing liabilities surged year on year in the last fiscal, officials say as economists caution about its blowback impact. As government...

Govt plans to allocate Tk 344b for social safety net in FY23

Govt plans to allocate Tk 344b for social safety net in FY23

-- 2022-01-21 16:55:35

The government is planning to widen the coverage of the social safety net for the marginalised and vulnerable people as the Covid-induced loss of income and livelihood might push more people into pove...

Bangladesh produces record 96.5m kg of tea in 2021

Bangladesh produces record 96.5m kg of tea in 2021

-- 2022-01-20 17:45:44

Bangladesh has set a record in tea production through producing a total of 96.50 million kilogrammes (kgs) of the world’s one of top commodities in 2021. Bangladesh Tea Board in a notice on Wed...

China steps up monetary stimulus effort to underpin economy

China steps up monetary stimulus effort to underpin economy

-- 2022-01-20 13:51:11

China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before...

Inflation breaks records, $100 oil also looming

Inflation breaks records, $100 oil also looming

-- 2022-01-20 12:03:32

Already less transitory than forecast, central bankers' inflation headache may be about to become more acute as they face the prospect of $100-plus oil that lifts consumers' price expectations and int...

Bangladesh's forex market comes under central bank scanner

Bangladesh's forex market comes under central bank scanner

SIDDIQUE ISLAM 2022-01-19 08:41:59

The central bank mounts its monitoring of the foreign-exchange market to avert any further volatility as Bangladesh's forex reserves feel stresses, sources say. Higher import-payment obligations fr...

Microsoft to buy 'Call of Duty' maker for $68.7b in gaming push

Microsoft to buy 'Call of Duty' maker for $68.7b in gaming push

-- 2022-01-18 20:59:46

Microsoft Corp said on Tuesday it was acquiring "Call of Duty" videogame maker Activision Blizzard  for $68.7 billion in cash, the biggest deal in the sector that would help the Xbox maker become...

Economist draws parallel between Bangladesh’s recovery, reduction of inequality

Economist draws parallel between Bangladesh’s recovery, reduction of inequality

SAJIBUR RAHMAN 2022-01-18 18:52:26

A possible waiver of patent of coronavirus vaccines could have helped Bangladesh to reduce inequality through stemming of the periodic tide of Covid-19 infections, a senior economist has said. As a l...

Economies returning to normalcy with lower severity of omicron

Economies returning to normalcy with lower severity of omicron

MARK JOHN AND HOWARD SCHNEIDER, REUTERS 2022-01-18 18:25:17

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies back into some version of normalit...

Scientists claim cannabis can prevent Covid

Scientists claim cannabis can prevent Covid

Mashfiq Mizan 2022-01-18 16:42:53

A chemical found in live cannabis plants could help protect human cells against covid infections, revealed a study published in the Journal of Natural Products.  Cannabigerolic acid (CBGA) and c...

These Android 12 features will enhance user experience

These Android 12 features will enhance user experience

Fardeen Kabir 2022-01-18 14:51:10

Google has finally introduced some long-awaited features in Android 12 that were not built-in in the previous versions.  Consumers had to rely on the manufacturer’s customisation of the An...

No bank can lend more than 25pc of its capital to any company or group

No bank can lend more than 25pc of its capital to any company or group

-- 2022-01-17 21:24:15

Bangladesh Bank (BB) has fixed banks’ single borrower and large exposure lending limit to within 25 per cent of its capital. The central bank issued the policy to strengthen credit risk managem...

China's economy expands 8.1pc in 2021

China's economy expands 8.1pc in 2021

-- 2022-01-17 15:35:24

China's economy posted stable growth in 2021 despite challenges including sporadic epidemic resurgences and a complicated external environment, official data showed Monday. The country's gross domest...

Turkish farmer used VR headset to increase milk production

Turkish farmer used VR headset to increase milk production

RASSIQ AZIZ KABIR 2022-01-17 15:23:27

If you tell a random cattle farmer who has been very much into farming for many years that making their cows watch different things through Virtual Reality would in turn increase their production of m...

Circular economy can make living cheaper, planet safer: FBCCI seminar

Circular economy can make living cheaper, planet safer: FBCCI seminar

FE REPORT 2022-01-17 09:48:34

Plans were unveiled at meet Sunday to upgrade recycling sectors to industry in Bangladesh as experts stressed spurring circular economy to ensure the quality of growth and make it more sustainable. T...

Expect more worrisome variants after omicron, scientists say

Expect more worrisome variants after omicron, scientists say

-- 2022-01-16 17:39:26

Scientists warn that omicron's whirlwind advance practically ensures it won't be the last version of the coronavirus to worry the world. Every infection provides a chance for the virus to mutate, and...