Search results for: EC

AIIB to provide $250m loan for Bangladesh's economic recovery

-- 2021-11-03 17:58:30

The Asian Infrastructure Investment Bank (AIIB) will provide a 250 million US dollar loan to implement a government programme for the country’s sustainable economic recovery from Covid-19 fallou...

Facebook to shut down facial recognition system amid concerns over misuse

-- 2021-11-03 11:33:32

Facebook announced on Tuesday it is shutting down its facial recognition system, which automatically identifies users in photos and videos, citing growing societal concerns about the use of such...

Bangladesh's exports register record 60.37pc growth in Oct’21

MONIRA MUNNI 2021-11-03 08:46:25

Bangladesh booked the highest-ever single-month export growth of 60.37 per cent, year on year, in October with overall US$4.72-billion income as apparel shipments rebounded from pandemic recession. S...

Dhaka likely to ink PTA deal with Colombo by March next year

SYFUL ISLAM 2021-11-03 08:32:45

Dhaka wants to conclude preferential trade agreement (PTA) with Colombo on March 4th next, now that Bangladesh begins to arm itself with trading tools for its graduation into competitive-market regime...

October exports surge to $4.73b

-- 2021-11-02 18:49:32

Bangladesh has broken the monthly exports record with $4.73 billion of goods shipped in October as the global economy shows signs of recovery from the effects of the coronavirus pandemic. October&rsq...

COP26: What climate summit means for one woman in Bangladesh

DAVID SHUKMAN 2021-11-02 18:28:39

The people of Gabura in Bangladesh are having everything that's most threatening about climate change thrown at them. Storms keep wrecking their coastal defences, and rising sea levels are pushing sa...

Yahoo to pull out of China amid 'challenging' environment

-- 2021-11-02 18:06:48

Yahoo Inc. on Tuesday said it plans to pull out of China, citing an “increasingly challenging business and legal environment.” The company said in a statement that its services will no lo...

LDCs cut ‘high expectation’ in MC12 on post-graduation

FE ONLINE REPORT 2021-11-02 16:38:19

The Least Developed Countries (LDCs) have cut their ‘high expectation’ in the upcoming ministerial conference of the World Trade Organization (WTO) regarding the continuation of trade pref...

Apple cuts iPad production to install chips in iPhone 13

-- 2021-11-02 16:24:15

Apple Inc has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global chip supply crunch is hitting Apple harder than previously indicated, Nikkei said on T...

China tells families to keep stocks of daily necessities ahead of winter

-- 2021-11-02 14:03:33

The Chinese government has told families to keep daily necessities in stock in case of emergencies, after Covid-19 outbreaks and unusually heavy rains that caused a surge in vegetable prices raised co...

Facebook whistleblower urges Zuckerberg to step down

-- 2021-11-02 12:57:34

In her first public address since she leaked a trove of damaging documents about Facebook's inner workings, whistleblower Frances Haugen urged her former boss, Mark Zuckerberg, to step down and allow...

Remittance inflow into Bangladesh drops to $1.65b in Oct

FE REPORT 2021-11-02 08:37:53

The flow of inward remittances dropped further in October after money transfers through informal channels such as hundi resurfaced after a lull caused by the coronavirus pandemic. The money sent home...

Thailand reopens to vaccinated tourists to boost economy

-- 2021-11-01 19:30:14

Thailand has reopened to vaccinated visitors from more than 60 countries and regions amid efforts to revive its pandemic-battered economy. From Monday, fully-vaccinated travellers flying from 63 coun...

Trade and investment summit ends with $1.16b investment potential

FE ONLINE REPORT 2021-11-01 19:03:07

Seven-day Bangladesh Trade and Investment Summit 2021 has brought a promise of $1.16 billion investment from foreign companies for Bangladesh. "We received a promise from the foreign participants in...

‘Bond market can address Bangladesh’s banking sector shortcomings in long-term financing’

FE ONLINE REPORT 2021-10-31 20:08:20

Bangladesh can no longer bank only on budgetary money or banking capital for financing long-term projects, especially the ones of development of infrastructure, an investment conference concluded on S...

NBR to take opinion on draft Income Tax Act till November 25

-- 2021-10-31 20:08:14

The National Board of Revenue (NBR) has published the draft of the Income Tax Act by simplifying and bringing some changes to the Income Tax Ordinance.  "After taking opinions from the concerned...

ADB to provide another $150m for Bangladesh's CMSMEs

FHM HUAMAYN KABIR 2021-10-31 08:53:00

Another overseas support for the cottage, micro, small and medium enterprises (CMSMEs) is coming from the Asian Development Bank to facilitate the post-Covid recovery of the ailing industries. The Ma...

Roots and risks of tooth decay

Swastika Karmaker 2021-10-30 20:09:39

Dental health is often underestimated among us. Most people don't care throughout their life about oral hygiene until they have to go to the dentist reluctantly when it is already in its worst state.&...

Bangladesh’s African market potential untapped, investors urged to grab opportunities

FE ONLINE REPORT 2021-10-30 19:15:18

Dhaka can offset potential losses of trade facilities in Europe and America after LDC graduation if Bangladeshi businesses explore ‘golden opportunities in an untapped African market’, obs...

Dhaka seeks $6.0b from World Bank in development aid

FHM HUMAYAN KABIR 2021-10-30 08:58:10

Bangladesh has sought US$6.0 billion worth of foreign assistance from the World Bank in the upcoming three-year aid package for developing its infrastructures, officials said. Based on the pipeline p...

G20 wants to vaccinate 40pc people in all countries by 2021

-- 2021-10-29 22:58:25

Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they would take steps to ensure 70 per cent of the world's population is vaccinated against COVID-19 by mid-2022...

How Apple is gaining smartphone customers during a chip shortage

-- 2021-10-29 18:49:48

Apple Inc is eating into its rivals' smartphone market share as the iPhone maker navigates through a global chip crunch better than other mobile phone makers, according to data providers. Higher iPho...

Local exporters should explore potential Middle East market: Speakers

FE REPORT 2021-10-29 14:18:25

Considering enormous export potentials, speakers at a webinar on Thursday suggested local exporters to explore markets in the Middle East (ME) with skilled workforce, diversified RMG products, halal f...

Only 11.45pc of Indian pledges under LoCs released so far

FE REPORT 2021-10-29 13:04:08

Bangladesh has so far received only 11.45 per cent or around US$900 million out of the total commitments under the Indian Line of Credits (LoCs). The slow disbursements were due to delays in implemen...

Many Bangladesh industries can shine thru replication of RMG model

FE REPORT 2021-10-29 12:35:23

Bangladesh can enable many of its potential industries to compete to grab huge trade on global market through replicating successful RMG model, businesspeople said at an investment-promotion meet Thur...

Aid inflow soars 34.72 pc in first quarter

FHM HUMAYAN KABIR 2021-10-29 11:03:38

The foreign-aid inflow increased by 34.72 per cent to US$1.94 billion in the first quarter (Q1) of the current fiscal year (FY 2021-22), official data showed. The figure was $1.44 billion in the same...

BB extends low-income group’s lending scheme tenure

FE REPORT 2021-10-29 10:41:44

The Bangladesh Bank has extended the tenure of the Tk 30-billion revolving refinance scheme for low-income people, farmers and marginal or small businesses to borrow low-cost funds by another year to...

Facebook changes company name to Meta

-- 2021-10-29 08:54:24

Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile...

Social media operators including Google, Facebook, Yahoo bound to submit income tax return: HC

FE ONLINE REPORT 2021-10-28 19:10:10

The High Court in a full text of a verdict observed that all the social media operators including Google, Facebook, YouTube, Yahoo, and Amazon have to get value-added tax (vat) registration compulsori...

‘RMG model replication in industries like footwear key to Bangladesh’s export diversification’

FE ONLINE REPORT 2021-10-28 14:42:50

The country needs to encourage joint venture investments in multiple sectors by dedicating special economic zones (SEZs) to promising industries such as footwear to acquire higher skills and diversify...