Search results for: EC

Bangladesh's inflation recorded at 5.56pc in 2020-21 fiscal

FE REPORT 2021-07-20 08:21:02

Bangladesh's average inflation rate in fiscal year (FY) 2020-21 was recorded at 5.56 per cent, up 0.16 percentage points from the government's target of 5.4 per cent, official data disclosed. However...

Facebook says it should not be blamed for US failing to meet vaccination goal

REUTERS 2021-07-19 10:54:54

Facebook has defended itself against US President Joe Biden's assertion that the social media platform is "killing people" by allowing misinformation about coronavirus vaccines to proliferate, saying...

Bangladesh's startup ecosystem ‘needs systematic branding’

FE REPORT 2021-07-19 10:01:01

Bangladesh's startup ecosystem is an untapped digital goldmine of Asia which needs a systematic country branding in an effort to attract more foreign investments and expand accordingly. There is also...

Bangladesh's monetary policy targets economic recovery

SIDDIQUE ISLAM 2021-07-19 08:39:14

Bangladesh Bank (BB) has decided to continue with the expansionary monetary policy stance (MPS) during the current fiscal year (FY) to facilitate the recovery of the pandemic-hit economy, officials sa...

Curbing rice prices amid pandemic

Md Sadat Anowar 2021-07-17 20:52:16

Some recent reports from leading newspapers indicated that the price of rice in the domestic market of Bangladesh is higher than other major rice producing countries in the world such as India, Thaila...

Google to allow users delete last 15 minutes of search history

-- 2021-07-17 15:50:26

Google has rolled out a set of new privacy features, including an option that would let users delete their last 15 minutes of search history on mobile. Announcing extra protection for Google’s s...

Italy's exports recover to pre-pandemic levels

-- 2021-07-17 14:11:18

Italy's exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country's National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE...

18-year-old student to fly with Jeff Bezos in inaugural space tourism flight

-- 2021-07-17 12:47:34

An 18-year-old physics student whose father heads an investment management firm is set to take the place of a person who put up $28 million in an auction to take part in the inaugural space tourism fl...

Bangladesh to press India not to continue anti-dumping duty on jute goods

SYFUL ISLAM 2021-07-17 08:45:40

The government will place arguments to India next month on why the neighbouring country should not further continue imposing anti-dumping duty on the export of Bangladeshi jute goods, officials said...

Bangladesh's exports to SAARC countries post impressive growth

FHM HUMAYAN KABIR 2021-07-17 08:34:49

Bangladesh's export to the SAARC nations has been rising year on year, and it has swelled by 88 per cent in the last five years, analysts said on Friday. The growth of Bangladeshi products' shipment...

Microsoft says Israeli group sold tool to hack Windows

Reuters 2021-07-16 11:17:06

An Israeli group sold a tool to hack into Microsoft Windows, Microsoft and technology human rights group Citizen Lab said on Thursday, shedding light on the growing business of finding and selling too...

Bangladesh government's net bank borrowing falls

SIDDIQUE ISLAM 2021-07-16 08:01:07

The government's net bank borrowing fell sharply in the just concluded fiscal year (FY) due to lower implementation of the annual development programme (ADP) amid the pandemic. Higher sales of nation...

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

UNB 2021-07-15 19:12:49

As the government has planned to establish a vaccine institute, experts have appreciated it as a timely and bold move as they think Bangladesh has huge potential to grab the international vaccine mark...

TikTok hits 3b download milestone only after Facebook

-- 2021-07-15 13:28:51

Video-sharing platform TikTok, and its Chinese sister app Douyin, has become the fifth non-game app to surpass 3.0 billion global installs across app stores, a tier that used to be the exclusive domai...

Target setting for new CMSMEs' package revised

SIDDIQUE ISLAM 2021-07-15 08:39:56

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said. Under the revised form...

Microsoft to offer cloud-based version of Windows operating system

-- 2021-07-14 22:33:28

Microsoft Corp on Wednesday said it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices...

Russian-linked ransomware gang websites disappear from internet

-- 2021-07-14 14:01:19

Websites for a Russian-linked ransomware gang blamed for attacks on hundreds of businesses worldwide have gone offline. Monitors say a payment website and a blog run by the REvil group became sud...

Bangladesh Bank asks banks to take safeguards for export trade

FE REPORT 2021-07-14 09:00:11

The central bank has issued a guideline note asking authorized dealer (AD) banks to take appropriate safeguards for export trade, officials concerned said. The AD banks have been reminded about the...

‘Govt to provide financial support to ensure compliance in industries’

UNB 2021-07-13 22:47:52

Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensur...

PM announces five new stimulus packages worth Tk 32.0b

-- 2021-07-13 16:11:11

Prime Minister Sheikh Hasina has announced five new financial packages amounting to Tk 32 billion to help low-income groups. The incentive packages are aimed at helping the people affected by lockdow...

Tk 400b stimulus enters 2nd phase, foreign companies included

SIDDIQUE ISLAM 2021-07-13 08:41:25

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned comp...

World hunger, malnutrition levels worsen dramatically: UN report

REUTERS 2021-07-12 20:03:00

World hunger and malnutrition levels worsened dramatically last year, with most of the increase likely due to the COVID-19 pandemic, according to a multi-agency United Nations (UN) report published on...

Govt stipend that brings relief to millions

-- 2021-07-12 15:48:31

Despite the onslaught of Covid-19 and subsequent lockdowns, 10 million families across the country have had a little relief receiving the full stipend of primary school education for the fiscal year o...

Rationalised land price for light engineering sector suggested

FE DESK REPORT 2021-07-12 10:12:20

Policy reforms, aligned polices with the WTO directives, fiscal and non-fiscal benefits and domestic measures are key to overcome the challenges of LDC graduation for Bangladesh, speakers said in a di...

Interest rate spread widens in May

Siddique Islam 2021-07-12 08:49:54

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said. The weighted average spread betwe...

Bangladesh’s impressive development did not benefit everyone equally

-- 2021-07-11 19:51:48

Bangladesh’s journey in the post-independence period was tough. Bangladesh inherited a war-hit poor economy in 1971. Despite limited resources, Bangladesh has made spectacular economic progress...

Government set to release final draft policy on investing abroad

FE Online Report 2021-07-11 19:37:33

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries. To this...

Bangladesh reports 53 more dengue cases in 24 hours

-- 2021-07-11 18:17:41

Authorities reported 53 more dengue cases in 24 hours until Sunday morning even if anti-mosquito drives continues in the capital city. The recent spike in dengue cases has added to the worries as the...

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

FE REPORT 2021-07-11 10:17:46

Bangladesh needs to boost its negotiating and political efforts in Dhaka and other capitals to enjoy waiver on pharmaceuticals for least-developed countries (LDCs) for an indefinite period beyond gr...

Embed IP right in LDC graduation strategy, suggests Debarpiya

FE ONLINE REPORT 2021-07-10 13:01:51

Bangladesh has to get out of its one-sided approach to design and focus on the strategy to make the transition from the Least Developed Countries (LDC) category by 2026, cautioned a leading economist...