The Financial Express

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'Trade war has not made America great again'

-- 2019-06-02 16:39:43

China hit US President Donald Trump with his own catchphrase, saying Washington’s escalating trade war with Beijing has not 'has not made America great again' and has damaged the American econom...

JCI Bangladesh organises pre-budget discussion

FE Online Desk 2019-06-02 15:52:18

JCI Bangladesh has organised a pre-budget discussion ‘Tarunner Vabna’ ahead of the upcoming National Budget 2019-2020. Keeping the mission of acalimitising the youth with positive chang...

UK private sector reports sluggish underlying growth

-- 2019-06-02 13:49:28

Britain’s private sector reported sluggish underlying growth in May as Brexit uncertainty continues to weigh on many businesses, the Confederation of British Industry (CBI) said on Sunday. The...

113 MFIs' licences cancelled for violating existing rules

FE Report 2019-06-02 11:27:38

A total of 113 microfinance institutions (MFIs) have so far faced regulatory action for breaching the existing rules and regulations, officials said. The Microcredit Regulatory Authority (MRA) took...

Africa set to become largest free trade continent

-- 2019-06-01 21:51:50

Africa is set to become the largest free trade continent as the African Continental Free Trade Agreement (AfCFTA) came into force on Thursday, with the ratification of 24 out of 54 countries. While U...

BD’s trade terms with UK to remain unchanged despite Brexit

-- 2019-06-01 17:40:07

Bangladesh High Commissioner to UK Saida Muna Tasneem has said that the trade terms of Bangladesh with the UK would remain the same even if the country comes out of the EU. “UK may come out of...

Demographic dividend: Country likely to miss the boat?

Jasim Uddin Haroon 2019-06-01 09:15:05

Bangladesh could fail to reap benefit from the ongoing most favourable period of its demographic dividend because of inadequate allocations for education and health sectors. With around two decades r...

Turkish economy shrinks again as currency crisis bites

-- 2019-05-31 19:15:57

The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a...

Move to create ‘Start Up Fund’ for new entrepreneurs

-- 2019-05-31 18:44:30

The government for the first time is going to create a ‘Start Up Fund’ for the new entrepreneurs in the upcoming budget for the next fiscal year (FY20) in a bid to generate more employment...

Genetically enhanced fungus kills 99pc of malaria mosquitoes

-- 2019-05-31 17:46:01

A fungus - genetically enhanced to produce spider toxin - can rapidly kill huge numbers of the mosquitoes that spread malaria, a study suggests. Trials, which took place in Burkina Faso, showed mosqu...

WB forecasts China GDP growth at 6.2pc in 2019

-- 2019-05-31 12:34:04

The World Bank has forecasted that China's economy will grow at 6.2 per cent in 2019 and 6.1 per cent in 2020. In an external environment that has become less favourable due to slowing global growth...

Climate change may displace 10m in next 20 years: Experts

FE Report 2019-05-31 11:30:03

Around 10 million climate migrants will move from coastal areas to big cities of the country in next two decades due to climate change impacts, climate experts warned on Thursday. "As many as 10 mill...

Malaysia's PPI falls 1.4pc in April

-- 2019-05-30 14:39:03

The producer price index (PPI) for local production in Malaysia decreased by 1.4 per cent year-on-year in April, official data showed Wednesday. According to Malaysian Statistics Department, the fall...

Bangladesh signs $2.5b ODA deal with Japan

-- 2019-05-30 10:23:20

Bangladesh and Japan have signed their 40th ODA deal involving US$ 2.5 billion for implementing five projects to bolster ties between the two countries. Economic Relations Division (ERD) Secretary Mo...

Large, medium industrial base shrinks, shows survey

Jasim Uddin Haroon and Yasir Wardad 2019-05-29 10:03:48

The number of the country's large and medium manufacturing industrial establishments declined significantly in 2019 despite the fact that the curve of their contribution to the gross domestic product...

'Bankers should be more active to reduce bad loans'

-- 2019-05-28 19:45:50

Bangladesh Bank (BB) Governor Fazle Kabir has said the bankers should be more active to reduce the bad loans in the banking sector. “In 2018, the capital adequacy and liquidity of the banking s...

66pc workers are women in eight EPZs

-- 2019-05-28 19:37:56

Female workers are playing a vital role to accelerate the economic activities in the industries in country’s eight Export Processing Zones (EPZs) with around 66 per cent participation in product...

Kenya goes for $750m loan from World Bank

-- 2019-05-28 12:25:17

Kenya is negotiating with the World Bank for a $750 million (591.8 million pounds) loan for budgetary support, documents on the proposed funding posted on the lender’s website showed on Tuesday....

'Per capita income likely to reach $6,000 by 2030'

-- 2019-05-26 21:27:08

Commerce Minister Tipu Munshi has voiced his firm optimism that the per capita income of the country would reach $5,000 to $6,000 by 2030. He also hoped that Bangladesh would be able to graduate full...

Facebook removes three billion 'fake accounts'

-- 2019-05-26 17:09:20

Facebook has removed more than three billion 'fake accounts', more than ever before, during six-month period between October 2018 and March 2019. The social media giant also removed more than s...

Exclusive economic zone for Japanese investors on cards

-- 2019-05-25 20:15:13

An exclusive economic zone for Japanese investors is going to be developed at Araihazar upazila in Nayaranganj alongside Dhaka-Syhet Highway. Bangladesh Economic Zone Authority (BEZA) will sign a joi...

Interest rate spread slightly low in April

Siddique Islam 2019-05-25 10:03:56

The overall interest rate spread in the country's banking sector narrowed down slightly as commercial banks increased deposit rates while lending rates fell, officials said. The weighted average sp...

AI brings Mona Lisa 'to life'

-- 2019-05-24 20:33:36

The subject of Leonardo da Vinci's famous Mona Lisa painting has been brought to life by AI researchers. The video, achieved from a single photo, shows the model in the portrait moving her head, eyes...

Facebook to launch crypto-currency next year

-- 2019-05-24 17:26:44

Social media giant Facebook is finalising plans to launch its own crypto-currency next year. It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020...

More efforts should be made to stabilise and improve trade, China says

-- 2019-05-24 11:48:52

China’s commerce ministry said on Friday that more efforts should be made to achieve the goal of stabilising trade while improving its quality, adding that the trade environment is growing more...

Trump unveils $16b aid package for farmers hit in trade war

-- 2019-05-24 11:42:53

The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China. The administration said payment rates to farmers would be determine...

SpaceX finally launches satellites for Starlink

-- 2019-05-24 11:09:12

High-tech entrepreneur Elon Musk’s SpaceX company launched a Falcon 9 rocket from Florida on Thursday on a mission to carry the first batch of five dozen small satellites into low-Earth orbit fo...

'ROI in Bangladesh higher than neighbours'

FE Report 2019-05-24 10:09:34

Return on investment (ROI) in Bangladesh is much higher than its neighbouring countries, Foreign Minister Dr A K Abdul Momen told a delegation of the Hong Kong-based Chinese Manufacturers' Association...

Tax collection target may be Tk 3.25t for FY '20

Doulot Akter Mala 2019-05-24 09:23:41

Tax collection target is likely to be set at Tk 3.25 trillion for the upcoming fiscal year with 16 per cent growth over the revised goal of FY 2018-19. At Tk 1.17 trillion, the highest tax collection...

Govt prioritising PPP development in next FY

-- 2019-05-23 19:04:55

The government has planned to take 30 per cent Annual Development Programme (ADP) projects under the Public-Private Partnership in the next fiscal to boost PPP growth for infrastructural development....