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Govt in comfortable spending position after economy averts crashing during pandemic

Govt in comfortable spending position after economy averts crashing during pandemic

UNB 2021-03-04 19:01:29

With the world economy stricken by the economic crisis brought on by the Covid-19 pandemic, the Bangladeshi economic engine has shown itself to be rather resilient in facing down the crisis and keepin...

Global reduction to increase 10-fold to meet Paris Agreement goals, study says

Global reduction to increase 10-fold to meet Paris Agreement goals, study says

-- 2021-03-04 17:13:18

Sixty-four countries reduced their fossil carbon-dioxide emissions during the period between 2016 and 2019, but the rate of global reduction needs to increase tenfold to meet the Paris Agreement goals...

Google won't use other web tracking tools

Google won't use other web tracking tools

-- 2021-03-04 14:17:22

Alphabet Inc’s Google will not build or use alternate tools to track web browsing traffic once it begins phasing out existing technology from its Chrome browser next year, it said in a blog post...

Facebook removes Thai military-linked information influencing accounts

Facebook removes Thai military-linked information influencing accounts

-- 2021-03-04 12:38:09

Facebook Inc has taken down 185 accounts and groups engaged in an information-influencing operation in Thailand run by the military, the company said on Wednesday, the first time it has removed Thai a...

US private payrolls miss expectations

US private payrolls miss expectations

-- 2021-03-04 12:13:36

US private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labour market was struggling to regain speed despite the nation’s i...

Exports slightly drop in July-Feb period

Exports slightly drop in July-Feb period

FE REPORT 2021-03-04 08:01:49

The country's earnings from export of merchandise goods during the first eight months of the current fiscal year (FY), 2020-21, fell short of the strategic target by 3.61 per cent and reached US$ 25.8...

DCCI urges revenue board to reduce corporate tax

DCCI urges revenue board to reduce corporate tax

FE REPORT 2021-03-04 07:54:30

The Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday proposed a gradual cut in the corporate tax rates, starting from the next fiscal year (FY). As per the plan, the chamber sought a 2.5 pe...

Zoom down for more than a thousand users

Zoom down for more than a thousand users

Reuters 2021-03-03 23:11:23

Zoom Video Communications Inc’s video-conferencing platform was down for more than a thousand users on Wednesday, according to outage tracking website Downtector.com. Downdetector showed there...

Big economies agree to boost IMF funding

Big economies agree to boost IMF funding

-- 2021-03-03 10:39:55

G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund’s own special drawing rights (SDRs) currency, the IMF’s head said on Tuesday...

NEC approves Tk 1.98t revised ADP for FY21

NEC approves Tk 1.98t revised ADP for FY21

-- 2021-03-02 18:23:54

The National Economic Council (NEC) on Tuesday approved Tk 1.98 trillion (197,643 crore) revised Annual Development Programme (RADP) for the current fiscal year, downsizing the original ADP size of Tk...

US panel recommends export 'choke points' to prevent Chinese dominance in semiconductors

US panel recommends export 'choke points' to prevent Chinese dominance in semiconductors

-- 2021-03-02 10:28:15

A US national security commission has recommended Congress tighten up “choke points” on chipmaking technology to prevent China from overtaking the United States in semiconductors in the co...

US Democrats backpedal on raising minimum wage, but hopes for hike alive

US Democrats backpedal on raising minimum wage, but hopes for hike alive

-- 2021-03-02 09:55:06

The US Senate will start debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week, Senate Majority Leader Chuck Schumer said on Monday after Democrats backed down from an e...

Sky begins to clear over US economy

Sky begins to clear over US economy

Reuters 2021-03-02 09:52:03

Despite the US economy’s near miss with a depression last year and an ongoing coronavirus pandemic that has brought travel to a virtual halt, Jeff Hurst, the chief executive of vacation rental f...

Remittances surge to $16.69b in July-February period

Remittances surge to $16.69b in July-February period

FE REPORT 2021-03-02 09:38:42

The country's inward remittance stood at an estimated 16.69-billion dollars in the first eight months of the current fiscal year (FY), 2020-2021. The amount was 33.51 per cent higher than that of the...

Bangladeshi banks’ capital base improves marginally

Bangladeshi banks’ capital base improves marginally

SIDDIQUE ISLAM 2021-03-02 08:18:16

The capital base of the country's banks improved marginally in 2020 mainly due to the 'decline' in the volume of their non-performing loans (NPLs), officials said. The capital-to-risk weighted-asset...

China's factory activity expands at a slower pace in February

China's factory activity expands at a slower pace in February

-- 2021-03-01 10:10:27

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disrupti...

Biggies exhaust Bangladesh Bank's aid packages

Biggies exhaust Bangladesh Bank's aid packages

FE REPORT 2021-03-01 08:11:34

All but one stimulus packages under the central bank's initiative are yet to be implemented fully although the deadline of the same will expire on March 31, according to a Bangladesh Bank (BB) report...

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

FE ONLINE REPORT 2021-02-28 20:57:36

Eminent economist Dr Debapriya Bhattacharya on Sunday said Bangladesh would lose a wide variety of preferences and privileges after graduation from least developed country (LDC) status. He said these...

Household surveys indicate dwindling living standards in developing countries due to Covid-19

Household surveys indicate dwindling living standards in developing countries due to Covid-19

Chowdhury Nabila Tasnim 2021-02-28 20:55:35

The onset of the Covid-19 pandemic has reduced the level of economic activity across the world, forcing countries and individuals to change their consumption patterns and the ways they work. Social di...

eGeneration implements ‘Dhowni’ for ICT Division

eGeneration implements ‘Dhowni’ for ICT Division

-- 2021-02-28 18:36:44

eGeneration has successfully implemented “Dhowni” for ICT Division on Saturday. Dhowni enables the conversion of Bangla to International Phonetic Alphabet (IPA) using cutting-edge technol...

Bangladesh Academy of Sciences elects Muhammad Morshed as expatriate fellow

Bangladesh Academy of Sciences elects Muhammad Morshed as expatriate fellow

FE ONLINE DESK 2021-02-28 16:20:49

Bangladesh Academy of Sciences has elected Muhammad Morshed, a Bangladeshi native Canadian clinical microbiologist, as an expatriate fellow in December last year. The academy elected him in recogniti...

Risks lurk for Bangladesh in post-LDC era

Risks lurk for Bangladesh in post-LDC era

FHM HUMAYAN KABIR 2021-02-28 09:53:43

Bangladesh's economy could be affected substantially after graduating to a developing nation in 2026 as it is not ready, mainly on trade front, to weather the impacts. Higher domestic tariff protecti...

UN recommends Bangladesh's graduation from LDC category

UN recommends Bangladesh's graduation from LDC category

FE ONLINE DESK 2021-02-27 12:10:29

The United Nations Committee for Development Policy (CDP) has recommended Bangladesh's graduation from the LDC (least developed country) category. The recommendation came at the CDP's triennial revie...

Huawei not banned as Brazil approves 5G spectrum auction rules

Huawei not banned as Brazil approves 5G spectrum auction rules

REUTERS 2021-02-27 10:29:10

Brazil’s telecoms regulator Anatel has approved rules for a spectrum auction for fifth-generation networks this year without any curbs on China’s Huawei Technologies Co as an equipment sup...

The child, who once beat bone cancer, is now headed into space

The child, who once beat bone cancer, is now headed into space

Reuters 2021-02-27 10:21:18

Bone cancer survivor Hayley Arceneaux is thrilled to be going into space. As a crew member on SpaceX’s Inspiration4, the world’s first all-commercial astronaut mission to Earth’s or...

Microcredit regulator forms committee to cut microloan interest rates

Microcredit regulator forms committee to cut microloan interest rates

ISMAIL HOSSAIN 2021-02-27 08:39:29

A move is underway to slash the existing 24 per cent interest rate or service charge, as imposed by the micro-finance institutions (MFIs), to give poor borrowers some relief. The Microcredit Regula...

Bangladesh to receive final recommendation on graduation from LDC

Bangladesh to receive final recommendation on graduation from LDC

-- 2021-02-26 16:35:22

Bangladesh is set to receive the final recommendation on its graduation from the least developed country status, as the nation marks the golden jubilee of its independence. Prime Minister Sheikh Hasi...

Toyota develops fuel cell system module to cut carbon footprint

Toyota develops fuel cell system module to cut carbon footprint

Reuters 2021-02-26 13:13:52

Toyota Motor Corp said on Friday it has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry’s shift...

Revenue earning falls short of  target by Tk 368b in July-Jan

Revenue earning falls short of target by Tk 368b in July-Jan

DOULOT AKTER MALA 2021-02-26 10:55:53

The revenue collection fell by Tk 368.41 billion short of the target in the first seven months of the current fiscal year (FY) as businesses are yet to overcome the Covid-19 fallout. However, the Nat...

Bangladesh economy starts recovering, but hurdles remain: MCCI

Bangladesh economy starts recovering, but hurdles remain: MCCI

FE REPORT 2021-02-26 10:54:08

Bangladesh's economy has started recovering from the Covid-19 shocks, although some major challenges are there in some areas for maintaining its growth momentum, the Metropolitan Chamber of Commerce a...