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The Financial Express

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Commerce minister seeks support to LDCs for 12 more years

Commerce minister seeks support to LDCs for 12 more years

FE REPORT 2021-09-18 10:18:24

Commerce minister Tipu Munshi has urged all parties to support a 12-year extension proposal by the LDC Group in the World Trade Organisation (WTO). The extension will help the LDCs get preferential t...

Rediscovery of Bangladesh's economic priorities emphasised

Rediscovery of Bangladesh's economic priorities emphasised

FE REPORT 2021-09-18 08:38:37

Bangladesh can emulate Vietnam's development experiences by adapting their policies to its context in the changing paradigm, including increasing investment on innovation and technology, research and...

Harnessing man-made fibre potential vital for Bangladesh economy

Harnessing man-made fibre potential vital for Bangladesh economy

MIR MOSTAFIZUR RAHAMAN 2021-09-18 08:34:50

As Bangladesh struggles to keep its position as the second-largest apparel exporter of the world, the country is desperately in need of policy support to make a solid foothold on potential man-made fi...

Three Chinese astronauts return to earth after 90-day space mission

Three Chinese astronauts return to earth after 90-day space mission

-- 2021-09-17 20:58:14

Three Chinese astronauts returned to earth on Friday after a 90-day visit to an unfinished space station in the country's first crewed mission since 2016. In a small return capsule, the three men - N...

Google, Apple remove Navalny voting app from stores as Russian elections begin

Google, Apple remove Navalny voting app from stores as Russian elections begin

-- 2021-09-17 12:54:22

Alphabet's Google and Apple have removed jailed Kremlin critic Alexei Navalny's tactical voting app from their stores, his team said on Friday, after Russia accused the US tech firms of medd...

FDI, FTAs & GVCs behind Vietnam’s superb export feat

FDI, FTAs & GVCs behind Vietnam’s superb export feat

Zaidi Sattar 2021-09-17 11:49:17

While theories about the gains from trade originated from the minds of thinkers and thought leaders in Europe and North America, the practice of leveraging international trade to transform poor backwa...

Facebook cracks down on harmful real networks

Facebook cracks down on harmful real networks

-- 2021-09-17 09:57:23

Facebook is taking a more aggressive approach to shut down coordinated groups of real-user accounts engaging in certain harmful activities on its platform, using the same strategy its security teams t...

Money for poor pours into wrong pockets, says WB

Money for poor pours into wrong pockets, says WB

FE REPORT 2021-09-17 09:45:33

Some 49-66 per cent of Bangladesh's social-safety-net-allowance-and food-support beneficiaries are not poor, says the World Bank, indicating porous delivery system for the state annuity. It is one of...

Saudi Arabia launches programme to develop human capabilities

Saudi Arabia launches programme to develop human capabilities

-- 2021-09-16 19:07:36

Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has launched the Human Capability Development Programme (HCDP), the Saudi Press Agency reported on Wednesday. It is one of the pr...

Ozone hole over Antarctica larger than usual, scientists say

Ozone hole over Antarctica larger than usual, scientists say

-- 2021-09-16 18:44:12

Scientists say the Southern Hemisphere ozone hole is larger than usual and already surpasses the size of Antarctica.  The European Union’s Copernicus Atmosphere Monitoring Service said Thu...

Facebook, Google, Amazon pay Tk 45.99m VAT in August

Facebook, Google, Amazon pay Tk 45.99m VAT in August

-- 2021-09-16 16:55:17

Popular social media Facebook, e-commerce giant Amazon, and American multinational technology company Google have deposited Tk 4,60,73,460 as VAT to the state coffer. These three giants paid the amou...

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

FE ONLINE DESK 2021-09-16 13:16:52

Social Protection Programmes remain central to Bangladesh’s sustainable development policy and are progressively benefitting the poorer households, says the World Bank. It adds that by improvin...

SpaceX’s first all-civilian crew rocket ship launched into orbit

SpaceX’s first all-civilian crew rocket ship launched into orbit

-- 2021-09-16 09:09:58

A SpaceX rocket ship blasted off from Florida on Wednesday carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to join him in the first all-civilian crew eve...

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

SIDDIQUE ISLAM 2021-09-16 08:27:50

The central bank now tightens noose around loose-run lending operations by non-banking financial institutions (NBFIs) limiting their loan or lease rescheduling to only thrice. Officials of the Bangla...

Bangladesh’s per capita foreign debt now Tk 24,890

Bangladesh’s per capita foreign debt now Tk 24,890

-- 2021-09-15 14:43:08

Finance Minister AHM Mustafa Kamal on Wednesday said the per capita foreign debt of Bangladesh citizens is now Tk 24,890. The minister revealed this information in parliament while replying to a tabl...

New iPhone 13 touts faster 5G, sharper cameras to encourage trade-ins

New iPhone 13 touts faster 5G, sharper cameras to encourage trade-ins

-- 2021-09-15 10:12:30

Apple Inc unveiled the iPhone 13 and a new iPad mini on Tuesday, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone's price. The Cupertino, Cali...

BB governor deplores lax governance in financial sector

BB governor deplores lax governance in financial sector

FE REPORT 2021-09-15 08:21:32

Bangladesh Bank (BB) governor Fazle Kabir on Tuesday termed the state of governance in the financial sector lax and underscored its improvement for the sake of sound economic health of the country. H...

BB to launch Tk 30b agriculture loan refinance scheme

BB to launch Tk 30b agriculture loan refinance scheme

-- 2021-09-14 20:56:46

Bangladesh Bank (BB) has decided to set up a Tk 30 billion refinance scheme for the agriculture sector to deal with the financial crisis caused by Covid-19 pandemic. "The Tk 30 billion fund, named "A...

Russia fines Facebook, Twitter for not deleting content that Moscow deems illegal

Russia fines Facebook, Twitter for not deleting content that Moscow deems illegal

-- 2021-09-14 19:30:42

A Russian court on Tuesday said it had fined US social media giants Facebook and Twitter for failing to delete content that Moscow deems illegal, part of a wider crackdown on the internet and Big Tech...

Bangladesh seeks DFQF in GCC market

Bangladesh seeks DFQF in GCC market

FE ONLINE REPORT 2021-09-14 18:39:08

Bangladesh requested Oman to pursue the Gulf Cooperation Council (GCC) for DFQF market access for Bangladeshi products, foreign ministry said on Tuesday. The GCC is a coalition of six gulf countries...

Shortages of basic goods hobble US economy

Shortages of basic goods hobble US economy

-- 2021-09-14 13:12:25

For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high...

Italy's employment improves in second quarter

Italy's employment improves in second quarter

-- 2021-09-14 11:51:10

Nearly 340,000 new jobs were created in the second quarter (Q2) of this year, up 1.5 per cent from the first quarter, data released Monday by the National Statistics Institute (ISTAT) showed. The mai...

Apple issues software patch to block 'zero-click' iPhone spyware

Apple issues software patch to block 'zero-click' iPhone spyware

-- 2021-09-14 10:35:38

Apple has issued a software patch to block so-called "zero-click" spyware that could infect iPhones and iPads. Independent researchers identified the flaw, which lets hackers access devices t...

From zippers to glass -- Shortages of basic goods hobble US economy

From zippers to glass -- Shortages of basic goods hobble US economy

-- 2021-09-14 09:35:53

For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high...

Dhaka urges London to amend 'goods graduation' provision

Dhaka urges London to amend 'goods graduation' provision

REZAUL KARIM 2021-09-14 08:48:27

Facing LDC graduation drawbacks for the current crisis, Bangladesh urges the UK to simplify its Generalised System of Preferences (GSP) system through amending its 'goods graduation' provision. The g...

Extended warehouse facility for exporters

Extended warehouse facility for exporters

DOULOT AKTER MALA 2021-09-14 08:36:41

The National Board of Revenue (NBR) has amended the relevant rules granting the exporters an extended time to avail bonded warehouse facility, as imported raw materials get stuck following external ma...

SpaceX to launch first all-civilian crew into orbit this week

SpaceX to launch first all-civilian crew into orbit this week

-- 2021-09-13 11:30:59

Yet another billionaire entrepreneur is set to ride into space this week, strapped inside the capsule of a SpaceX rocketship as part of an astro-tourist team poised to make history as the first all-ci...

Experts focus on redefining SMEs

Experts focus on redefining SMEs

FE REPORT 2021-09-13 08:52:23

Experts at a virtual dialogue on Sunday emphasised the need for redefining SMEs and startups in the proposed National Industrial Policy to ensure adequate financing - to have a vibrant private sector...

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

JASIM UDDIN HAROON 2021-09-12 10:09:43

Bangladesh's budget deficit amounted to a record Tk 1.87 trillion in the past financial year as stimulus packages and emergency health payouts bloated public spending against revenue shrinkage for p...

Bangladesh acquires 1.0pc stake of New Development Bank

Bangladesh acquires 1.0pc stake of New Development Bank

FHM HUMAYAN KABIR 2021-09-12 10:03:27

Bangladesh finally attains 1.0- per cent share in the Shanghai-based New Development Bank (NDB) as the country has been offered one of three fortunate shareholders after the five founding BRICS nati...