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The Financial Express

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Italian exports fall 4.2pc in November

Italian exports fall 4.2pc in November

-- 2020-01-18 12:59:00

Italian exports fell by 4.2 per cent in November 2019 compared to the previous month, and by 3.2 per cent compared to November of 2018, ISTAT national statistics agency has reported. The year-on-year...

BB underscores branding of local teas

BB underscores branding of local teas

FE Online Report 2020-01-18 12:13:35

The central bank of Bangladesh has underscored branding of local varieties of tea to access the global market. “Branding is a vital factor for marketing the product in the international market,...

Japanese 41st ODA fund use unsatisfactory

Japanese 41st ODA fund use unsatisfactory

SYFUL ISLAM 2020-01-18 10:19:28

The fund disbursement for 31 projects under the 41st Official Development Assistance (ODA) programme in nine months was only 42 per cent of the target which Japanese officials termed as unsatisfactory...

Indian LoCs: Project deadlines see pushback

Indian LoCs: Project deadlines see pushback

Mir Mostafizur Rahaman 2020-01-18 10:10:47

Dozens of projects for which the Indian government extended three credit lines over the past decade shows a dismal picture in project management, according to the latest review. According to the docu...

Unconventional non-bank debt up

Unconventional non-bank debt up

JASIM UDDIN HAROON 2020-01-18 09:56:21

The government's non-bank borrowing from unconventional sources has been growing fast, driven by its needs to meet higher public spending. Apart of savings tools, non-bank instruments include provide...

Amazon promises to create 1.0m new jobs in India

Amazon promises to create 1.0m new jobs in India

-- 2020-01-17 13:59:30

Amazon.com Inc said on Friday it planned to create 1.0 million jobs in India by 2025. The announcement came a day after the country’s trade minister said the e-commerce giant’s recently u...

India launches telecom satellite "GSAT-30"

India launches telecom satellite "GSAT-30"

-- 2020-01-17 13:01:43

India's telecommunication satellite "GSAT-30" was successfully launched into a geosynchronous transfer orbit (GTO) on Friday. The satellite was launched from the Kourou launch base, French Guiana, by...

Dhaka, Delhi discuss joint study on proposed economic partnership deal

Dhaka, Delhi discuss joint study on proposed economic partnership deal

-- 2020-01-17 12:39:47

Bangladesh and India have discussed a number of issues of mutual interest including border haats and joint study for the proposed 'Comprehensive Economic Partnership Agreement' between the two countri...

'Non-execution of Delta Plan to shrink GDP'

'Non-execution of Delta Plan to shrink GDP'

FE Report 2020-01-17 10:21:01

The execution of a longer-term development blueprint will raise Bangladesh's annual economic growth by 1.5 percentage points, considering the impact of climate change. But if the government's Delta P...

FM seeks UAE declaration to recruit BD nationals in all sectors

FM seeks UAE declaration to recruit BD nationals in all sectors

UNB 2020-01-15 17:23:06

Bangladesh has urged the United Arab Emirates (UAE) to make an official declaration on opening of recruitment for Bangladesh nationals in all sectors in the UAE. Foreign Minister Dr AK Abdul Momen me...

BD on right track to attain SDGs: PM

BD on right track to attain SDGs: PM

-- 2020-01-15 12:10:35

Prime minister Sheikh Hasina has said Bangladesh is now on right track to attain the Sustainable Development Goals (SDGs) due to her government’s time-befitting initiatives. “We achieved...

Top bankers sceptical of 6.0pc deposit rate

Top bankers sceptical of 6.0pc deposit rate

FE REPORT 2020-01-15 10:02:20

The country's top bank executives evinced on Tuesday their grave concern over the 6.0 per cent interest rate on bank deposits as they believe such a poor rate will be "challenging" for mobilising fund...

Higher private sector credit flow to ensure more investment: DCCI

Higher private sector credit flow to ensure more investment: DCCI

FE Online Report 2020-01-14 17:32:02

Increased private sector credit flow will ensure more investment and economic growth, said the newly elected Board of Directors of Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday. They als...

US drops China currency manipulator label

US drops China currency manipulator label

REUTERS 2020-01-14 11:13:09

The US Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trad...

WB unlikely to lift lending for BD

WB unlikely to lift lending for BD

FHM HUMAYAN KABIR 2020-01-14 10:09:11

The World Bank, or WB, is likely to provide US$4.50 billion in loans to Bangladesh over the next three-years, officials said on Monday, the same level as the current portfolio. Although the total aid...

BB gets new director

BB gets new director

FE Online Report 2020-01-13 14:44:14

The government has appointed Nazrul Huda, a former deputy governor of the central bank, as a member of Bangladesh Bank's Board of Directors.  With 35 years of central banking experience, Mr Huda...

Get policy right to develop non-apparel sectors

Get policy right to develop non-apparel sectors

FE REPORT 2020-01-13 11:02:21

Leather and footwear, plastics and light engineering have been identified as the potential sectors, which can help diversify the country's export basket. The sectors will also create greater access t...

US imposes more sanctions on Iran

US imposes more sanctions on Iran

-- 2020-01-11 11:33:52

The United States has imposed more sanctions on Iran in retaliation for its missile attack on US forces in Iraq this week. The US on Friday also vowed to tighten the economic screws if Tehran continu...

Deficit financing widens by 130pc in four months

Deficit financing widens by 130pc in four months

JASIM UDDIN HAROON 2020-01-11 09:53:25

The government's deficit financing grew by 130 per cent in the first four months of the current fiscal year compared to that of the same period of last fiscal, driven by a fall in resource mobilisatio...

China's economy to maintain steady growth in 2020

China's economy to maintain steady growth in 2020

Xinhua 2020-01-10 18:26:31

China is capable of maintaining steady economic growth in the year to come and beyond, buoyed by multiple driving forces, despite mounting downward pressure, economists have said. "The gross domestic...

WB projects 7.2pc GDP growth for Bangladesh in FY20

WB projects 7.2pc GDP growth for Bangladesh in FY20

UNB 2020-01-10 17:13:29

The World Bank has projected 7.2 per cent GDP growth for Bangladesh in the current fiscal year, FY 2019-20, while 7.3 per cent in the following fiscal year. Bangladesh, the third-largest economy in t...

Weekly jobless claims fall to 214,000

Weekly jobless claims fall to 214,000

-- 2020-01-10 15:13:32

The number of initial jobless claims in the United States dropped last week, according to a report released by the US Bureau of Labor Statistics on Thursday. The number of people filing for US unempl...

NBR cancels transfer, posting, promotion of 350 officials

NBR cancels transfer, posting, promotion of 350 officials

FE Report 2020-01-10 10:33:31

The National Board of Revenue (NBR) has cancelled all the orders and circulars for transfer, posting and promotion of nearly 350 officials of the customs, VAT and income tax wings. The NBR cancelle...

100,000 Bangladeshi workers deported from abroad in 2019

100,000 Bangladeshi workers deported from abroad in 2019

ARAFAT ARA 2020-01-10 10:07:59

More than 100,000 Bangladeshi workers were sent back from abroad last year due to a host of reasons such as overstay and scarce jobs. Of the total, some 62,000 workers were deported from different co...

Bangabandhu- the people’s protagonist

Bangabandhu- the people’s protagonist

Atiur Rahman 2020-01-09 21:17:25

Bangabandhu is, in fact, a namesake of Bangladesh. He created the concept Bangladesh for which millions shed blood in 1971. He was a born leader who could inspire his fellow countrymen and women with...

The day Sheikh Mujib returns

The day Sheikh Mujib returns

Faruq Aziz Khan 2020-01-09 21:13:00

While handing over the office of the president to Zulfiquar Ali Bhutto on December 19, only three days after his army surrendered to the joint command in Dhaka, Yahya Khan passed on to Bhutto a sealed...

Global growth to recover to 2.5pc in 2020: WB

Global growth to recover to 2.5pc in 2020: WB

Xinhua 2020-01-09 16:59:53

Global economic growth is projected to recover to 2.5 per cent in 2020, up slightly from the post-crisis low of 2.4 per cent registered in 2019, but downside risks persist, the World Bank said on Wedn...

US oil imports up, exports down last week: EIA

US oil imports up, exports down last week: EIA

-- 2020-01-09 15:50:41

US crude oil imports increased while exports decreased during the week ending Jan. 3, the US Energy Information Administration (EIA) said on Wednesday. US crude oil imports averaged 6.73 million barr...

BB releases e-KYC guideline

BB releases e-KYC guideline

JASIM UDDIN HAROON 2020-01-09 11:37:50

The central bank of Bangladesh issued a circular on Wednesday pertaining to e-KYC (know your customer) applied to the country's financial institutions. The Bangladesh Bank (BB) released an e-KYC gu...

BD has enough room to gain in IT era, says economist

BD has enough room to gain in IT era, says economist

FE REPORT 2020-01-09 11:33:36

Emerging economies like Bangladesh can benefit to a great extent from the rapid global changes against backdrop of information technology (IT)-based services, Italian economist Nicolo Andreula has obs...