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The Financial Express

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Yeti footprints found in Nepal !

Yeti footprints found in Nepal !

-- 2019-05-01 16:34:15

  Someone found the footprints of a yeti, yet again. Mountaineers from the Indian Army spotted the 32-inch footprints near the Makalu Base Camp in Nepal, the army said Monday on Twitter. It is...

S Korea exports fall for fifth month

S Korea exports fall for fifth month

-- 2019-05-01 16:32:48

South Korea’s exports contracted less in April than in the previous month, but the fifth straight of month of shrinkage, while the memory chip shipments down 13.5 per cent. April exports fell 2...

NBR turns down plea for tax cut

NBR turns down plea for tax cut

Syful Islam 2019-05-01 15:48:17

The National Board of Revenue (NBR) has turned down a fresh plea for exempting Japanese companies from tax and value-added tax (VAT), sources said. The firms cannot be tax-exempt if engaged in the of...

Interest rate spread remains high despite BB close monitoring

Interest rate spread remains high despite BB close monitoring

Siddique Islam 2019-05-01 10:09:15

Interest rate spread in the country's banking sector remained unchanged in March as the commercial banks increased their interest rates equally on both deposit and lending, officials said.  The...

Old Dhaka chemical warehouses to be relocated at Shyampur temporarily 

Old Dhaka chemical warehouses to be relocated at Shyampur temporarily 

-- 2019-04-30 17:54:00

The government is set to take up a project to construct 54 chemical warehouses at Kadamtoli in Shyampur for temporarily relocating chemical depots from Old Dhaka. The approval for the project came up...

'Get land pricing right to make SEZs viable'

'Get land pricing right to make SEZs viable'

FE Report 2019-04-30 09:55:34

Experts at a discussion have suggested the revision of land prices, development of human resources and inclusion of small and medium enterprises in special economic zones (SEZs) to get the desired out...

Finance minister forecasts 8.13pc GDP growth in current fiscal

Finance minister forecasts 8.13pc GDP growth in current fiscal

-- 2019-04-29 21:29:55

Finance Minister AHM Mustafa Kamal has said Bangladesh would achieve record 8.13 per cent gross domestic product (GDP) growth in the current fiscal year. The minister also expressed satisfaction over...

Non-food inflation rose in Q2 of FY19

Non-food inflation rose in Q2 of FY19

-- 2019-04-29 19:21:05

Finance Minister AHM Mustafa Kamal on Monday admitted that non-food inflation in the second quarter of the current fiscal (FY19) has increased. He made the statement while placing the report on budge...

IMF projects 2.8pc GDP growth for Saudi in 2019

IMF projects 2.8pc GDP growth for Saudi in 2019

-- 2019-04-29 14:44:36

The International Monetary Fund (IMF) has estimated 2.6 per cent economic growth for Saudi Arabia in 2019, slightly higher than its earlier 1.8 percent forecast. The IMF predicted the gross domestic...

Experts warn against fallouts from regional inequality

Experts warn against fallouts from regional inequality

FE Report 2019-04-29 09:51:01

Rising inequality could lead to economic destabilisation, which can snowball into social unrest, experts at a discussion warned Sunday. They feared a vested group could take the opportunity for advan...

Vibrant capital, bond markets seen as most potential answers to businesses

Vibrant capital, bond markets seen as most potential answers to businesses

FE Report 2019-04-29 09:31:45

Experts at an international conference have suggested developing vibrant capital and bond markets to create long-term financing options for businesses. Businesses in Bangladesh now totally depend on...

Govt paid Tk 819.45b against foreign loans in 10 fiscal years

Govt paid Tk 819.45b against foreign loans in 10 fiscal years

-- 2019-04-28 20:59:57

Finance Minister AHM Mustafa Kamal has said the government paid some Tk 819.45 billion against foreign loans in the last 10 fiscal years. "A total of US$ 10,705.3 million equivalent to Tk 819.45 bill...

Student discovers oldest human footprint in Chile

Student discovers oldest human footprint in Chile

-- 2019-04-28 18:48:59

A 15,600-year old footprint discovered in southern Chile is believed to be the oldest ever found in the Americas, according to researchers.  The footprint was first discovered in 2010 by a stude...

BD can prosper quickly with more, better jobs for women

BD can prosper quickly with more, better jobs for women

FE Online Desk 2019-04-28 17:25:56

Bangladesh can become more prosperous more quickly if more women get work with higher-quality and higher-paid jobs, says a new World Bank report. The report, Voices to Choices: Bangladesh’s Jo...

Nepal's economy to grow by 6.81pc this FY

Nepal's economy to grow by 6.81pc this FY

-- 2019-04-27 15:26:33

Nepal's economy is projected to grow by 6.81 per cent in the current fiscal year (FY) that concludes in mid-July, the country’s Central Bureau of Statistics (CBS) has said. The CBS predicted th...

US economy grows 3.2pc in first quarter

US economy grows 3.2pc in first quarter

-- 2019-04-27 13:30:32

The US economy grew much faster than expected in the first quarter (Q1) of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualised pace o...

Elon Musk reaches deal over tweets

Elon Musk reaches deal over tweets

-- 2019-04-27 12:36:14

The US financial markets regulator has resolved its row with Tesla chief executive Elon Musk over his use of Twitter. The Securities and Exchange Commission (SEC) accused Mr Musk of breaching a court...

Financial sector could stoke next economic crisis in BD

Financial sector could stoke next economic crisis in BD

FHM Humayan Kabir, back from Washington, USA 2019-04-27 11:07:21

Bangladesh's next economic crisis could take place in the financial sector, warns a top economist of the World Bank. "If there is any possibility of economic vulnerability in Bangladesh that could be...

Nearly 39pc university graduates jobless

Nearly 39pc university graduates jobless

Sajibur Rahman 2019-04-27 10:34:45

The unemployment rate among the university graduates in Bangladesh is 38.6 per cent, according to a recent study, conducted by the Bangladesh Institute of Development Studies (BIDS). A total of 1,574...

Indonesian investors interested in rail, energy sectors

Indonesian investors interested in rail, energy sectors

-- 2019-04-26 21:09:39

Indonesian businesses have expressed their interest to invest in energy, rail, tourism and infrastructure sectors of Bangladesh. "Indonesia and Bangladesh are considered emerging economies with a com...

Singapore's citizen unemployment rate edges up

Singapore's citizen unemployment rate edges up

-- 2019-04-26 14:19:54

The seasonal adjusted citizen unemployment rate of Singapore inched up slightly from 3.1 per cent in December 2018 to 3.2 per cent in March 2019, the Ministry of Manpower announced on Friday. Meanwhi...

Facebook keeps growing despite privacy outrage

Facebook keeps growing despite privacy outrage

Reuters 2019-04-26 12:57:02

Facebook is preparing for a record-setting fine from US regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations f...

BoE to refrain from rate hike until August 2020

BoE to refrain from rate hike until August 2020

-- 2019-04-25 15:21:28

The Bank of England (BoE) is likely to keep interest rates on hold until August 2020 because of a slower global economy and prolonged uncertainty about Brexit, a leading think tank said on Thursday....

Citizens’ conclave on SDGs Saturday

Citizens’ conclave on SDGs Saturday

FE Online Desk 2019-04-25 14:41:54

Citizen's platform for SDGs, Bangladesh on Saturday will hold a citizens conclave in the capital on the country's four years of engagement with the SDGs (Sustainable Development Goals). The day-long...

India lifts ban on Chinese social media app TikTok

India lifts ban on Chinese social media app TikTok

-- 2019-04-25 13:58:37

An Indian court on Wednesday lifted its ban on Chinese social media video-sharing app TikTok on the condition that the platform popular with teenagers would not be used to host obscene videos. Justic...

Tk 5.25t budget likely

Tk 5.25t budget likely

FE Report 2019-04-25 09:14:59

The government is set to fix GDP (gross domestic product) growth target for the next fiscal year at 8.2 per cent, officials said. The total size of the budget for fiscal year 2019-20 may be around Tk...

UK government borrowing falls to lowest level in 17 years

UK government borrowing falls to lowest level in 17 years

-- 2019-04-24 18:17:06

Government borrowing in Britain for the 2018-19 financial year fell to its lowest annual level in 17 years, official figures show. British Finance Minister and Chancellor of the Exchequer Philip Hamm...

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

FE Online Report 2019-04-24 12:38:11

Islamic Relief Bangladesh has won the Bond International Development Award 2019 in innovation category for eliminating extreme poverty of orphaned children and widows in Bangladesh. This Alternative...

2018 net FDI inflow at $3.61b

2018 net FDI inflow at $3.61b

FE Report 2019-04-24 09:38:28

The net inflow of foreign direct investment (FDI) in Bangladesh stood at $3.61 billion on a final count, according to the latest statistics of the central bank. Annual net FDI inflow jumped by 67 per...

Lending loans to single borrower by multiple banks rising

Lending loans to single borrower by multiple banks rising

FE Online Report 2019-04-23 21:53:30

The tendency of lending loans to a single borrower by multiple banks has marked a rise which is a negative indicator for the banking sector, according to a study. The Bangladesh Institute of Bank Man...