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The Financial Express

Search results for: EC

Central bank urged not to allow direct payment into e-commerce accounts

Central bank urged not to allow direct payment into e-commerce accounts

FE REPORT 2021-08-26 08:29:37

The commerce ministry has asked the central bank to instruct commercial banks not to receive direct deposit of any payment into ‘own bank accounts’ of e-commerce platforms from the custome...

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung   

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung  

-- 2021-08-25 18:55:00

Andrea Jung is the President and CEO of Grameen America. She is the former Chairman and CEO of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012....

World Bank suspends financial support to Afghanistan after Taliban takeover

World Bank suspends financial support to Afghanistan after Taliban takeover

-- 2021-08-25 12:43:21

The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban's takeover will impact "the country's develop...

Akira Yoshino speaks of next generation of electric vehicle batteries

Akira Yoshino speaks of next generation of electric vehicle batteries

-- 2021-08-25 11:05:03

Akira Yoshino, a co-winner of the 2019 Nobel Prize in chemistry for his work on lithium-ion batteries, can take credit for the upheaval in both the automotive and technology industries. Lithium-ion b...

White House to tackle cybersecurity challenges with Apple, IBM, insurance CEOs

White House to tackle cybersecurity challenges with Apple, IBM, insurance CEOs

-- 2021-08-25 09:59:59

The White House is hosting an event on Wednesday that will bring together the largest US technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking i...

Bank borrowing thru bills, bonds halted to address cash management concern

Bank borrowing thru bills, bonds halted to address cash management concern

SIDDIQUE ISLAM 2021-08-25 08:35:25

Cash management is cited as prime concern as the government suspends its bank borrowing through cancelling auctions of both treasury bills or T-bills and bonds until August 31 amid swelling public c...

Asia's economic recovery uncertain

Asia's economic recovery uncertain

-- 2021-08-24 17:21:20

Asia's robust economic recovery from last year's coronavirus low is losing momentum as a surge in COVID-19 cases sees shops empty again and factories close, dimming prospects for corporate profit grow...

Facebook bringing voice, video calling to main app

Facebook bringing voice, video calling to main app

-- 2021-08-24 13:30:53

Facebook Inc is letting some users make voice and video calls within its main app on a trial basis, aiming to make it easier to place calls without opening its standalone Messenger app. The social me...

$51 billion in foreign aid still remains stuck in the pipeline

$51 billion in foreign aid still remains stuck in the pipeline

-- 2021-08-24 12:28:21

A significant part of the foreign funds committed to Bangladesh by different countries and development partners for implementing development projects has got stuck in the pipeline, bdnews24.com report...

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

-- 2021-08-24 10:07:26

The coronavirus pandemic may have pushed as many as 80 million people in developing Asia into extreme poverty last year, threatening to derail progress on global goals to tackle poverty and hunger by...

Tk 2.0b from stimulus for SMEs released

Tk 2.0b from stimulus for SMEs released

FE REPORT 2021-08-24 08:45:11

The Finance Division has released another Tk 2.0 billion from the stimulus package for the SME Foundation for distribution after its successful disbursement from the package among Covid-hit entrepre...

Bangladesh won't give duty concession on third country invoicing

Bangladesh won't give duty concession on third country invoicing

DOULOT AKTER MALA 2021-08-24 08:37:12

Bangladesh will not allow concessionary duty benefit under the South Asian Free Trade Area (SAFTA) treaty in case of documentation completed in a non-member SAARC country. Officials said the restrict...

Bangladeshi Taka loses value against US dollar

Bangladeshi Taka loses value against US dollar

SIDDIQUE ISLAM 2021-08-24 08:23:26

The exchange rate of Bangladesh currency depreciated significantly against the US dollar in the last couple of days mainly as higher demand for the greenback for settling import-payment obligations...

Bangladesh Bank approves two more refinancing schemes

Bangladesh Bank approves two more refinancing schemes

FE REPORT 2021-08-24 08:17:21

Two refinancing schemes worth Tk 35 billion are being launched to help out Covid-hit agriculture and tourism sectors under government stimulus packages, officials said. Two proposals to this effect w...

$650b reserves distribution is 'shot in arm' for global economy, says IMF

$650b reserves distribution is 'shot in arm' for global economy, says IMF

-- 2021-08-23 20:43:58

The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a "significant shot in the arm" for global efforts to combat the COVID-19 pandemic, Managin...

Will there be any Playstation 5 this year?   

Will there be any Playstation 5 this year?  

Shafkat Tanjeem Ahmad   2021-08-23 19:02:03

Playstation 5, one of the most sought-after electronics products of 2020 by Sony Interactive Entertainment, was almost immediately declared stock-out within a week after its release in markets. Not on...

BB, BIDA run parallel to guide equity investment abroad

BB, BIDA run parallel to guide equity investment abroad

SYFUL ISLAM 2021-08-23 08:23:31

Two regulatory bodies run parallel preparing separate guidelines on equity investment abroad by Bangladeshi businesses, raising concern about possible clash of authority, sources said. Both the Bangl...

3.0m marginalised people taking services from agent banking outlets

3.0m marginalised people taking services from agent banking outlets

-- 2021-08-22 19:02:51

Agent banking has gained popularity among the people in remote areas of the country and, as of July this year, around 3 million marginalised people are taking banking services from the agent outlets....

FBCCI for widening scope of outward FDI

FBCCI for widening scope of outward FDI

FE ONLINE REPORT 2021-08-22 08:19:16

The country’s apex trade body has suggested that the government should extend the scope of investment abroad by Bangladeshi-origin firms and companies. In this connection, Federation of Banglad...

'Twilight' investor sentenced to five years prison in fraud case

'Twilight' investor sentenced to five years prison in fraud case

-- 2021-08-21 20:30:45

A technology entrepreneur who invested in the studio behind the 'Twilight' films was sentenced to five years in prison on Thursday after being convicted of fraud related to the video technology compan...

Taliban takeover pushes Afghanistan's economy closer to the brink

Taliban takeover pushes Afghanistan's economy closer to the brink

-- 2021-08-21 18:41:47

The Taliban sweeping to power in Afghanistan has thrust one of the world's poorest countries back into the limelight. The following charts depict Afghanistan's current economic situation: GLUM GROWT...

Facebook 'bought and buried' rivals: FTC

Facebook 'bought and buried' rivals: FTC

REUTERS 2021-08-20 10:43:33

The US Federal Trade Commission refreshed its antitrust case against Facebook on Thursday, adding more detail on the accusation the social media company crushed or bought rivals and once again as...

Bangladesh, Australia going to strike TIFA deal

Bangladesh, Australia going to strike TIFA deal

SYFUL ISLAM 2021-08-20 09:41:44

Bangladesh and Australia are set to sign Trade and Investment Framework Agreement (TIFA) aimed at bolstering bilateral trade by way of removing barriers and tapping potential, officials said. Both th...

Bangladeshi depositors get higher returns than they should, says Kamal

Bangladeshi depositors get higher returns than they should, says Kamal

FE REPORT 2021-08-20 08:30:51

Finance Minister AHM Mustafa Kamal claimed Thursday Bangladeshi depositors get higher returns than they should as compared to the gains in other countries, thus deflating a different view. "In other...

Banks see surge in non-performing loans despite policy backup

Banks see surge in non-performing loans despite policy backup

SIDDIQUE ISLAM 2021-08-20 08:07:01

Classified loans in the banking sector went ballooning in the first half (H1) of the current calendar year despite policy perks coming from the central bank to stem the rot. The volume of non-perform...

Global merchandise trade recovering strongly, says WTO

Global merchandise trade recovering strongly, says WTO

FE Online Report 2021-08-19 15:46:00

Global merchandise trade continues its robust recovery from the shock of the Covid-19 pandemic, according to the latest reading of the World Trade Organization (WTO)’s Goods Trade Barometer. &l...

Authorities find ways to pay 75pc of foreigners' salaries in home countries

Authorities find ways to pay 75pc of foreigners' salaries in home countries

DOULOT AKTER MALA 2021-08-19 09:57:26

The authorities concerned met virtually on Wednesday, devising ways for the foreign nationals working in the mega projects here so that they can receive 75 per cent of the pay and perks in their hom...

BB asks banks to submit PIF statements quarterly

BB asks banks to submit PIF statements quarterly

FE Online Report 2021-08-18 20:47:58

The central bank of Bangladesh has instructed all the scheduled banks to submit their post import financing (PIF) statement to its Department of Off-Site Supervision (DOS) every quarter, officials sai...

Central bank asks non-banking financial institutions to lend rightly

Central bank asks non-banking financial institutions to lend rightly

SIDDIQUE ISLAM 2021-08-18 08:43:08

The central bank has instructed non-banking financial institutions (NBFIs) to ensure loan or lease financing appropriately for improving corporate governance in the financial sector, as some aberrat...

Govt to borrow Tk 73 billion in rest of the month

Govt to borrow Tk 73 billion in rest of the month

FE Online Report 2021-08-17 13:24:38

To meet the recurrent spending, the government wants to borrow some Tk 73 billion through treasury bills and bonds during the rest of the ongoing August. As a part to borrow the money from the financ...