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The Financial Express

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Taiwan gets new central bank governor after 20 years

Taiwan gets new central bank governor after 20 years

-- 2018-02-01 00:00:00

Taiwan’s government has appointed Yang Chin-long, deputy governor of the island’s central bank, as its next governor, a government official said on Thursday. Yang will replace Perng Fai-n...

US Fed keeps rates unchanged

US Fed keeps rates unchanged

-- 2018-02-01 00:00:00

The US Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central...

EC warns BD again of improving labour situation before GSP goes

EC warns BD again of improving labour situation before GSP goes

Monira Munni 2018-02-01 00:00:00

The European Commission has reiterated its concern over the labour rights situation mainly in respect of freedom of association and successful implementation of the 'Compact' in the readymade garment...

Japan factory output jumps in Dec

Japan factory output jumps in Dec

-- 2018-01-31 15:23:22

Japan’s industrial output grew in December at the fastest pace in eight months, in a sign that its humming factories have likely driven economic expansion for an eighth consecutive quarter. T...

Thai Dec industrial output rises 2.35pc

Thai Dec industrial output rises 2.35pc

-- 2018-01-31 14:16:05

Thailand’s annual industrial output rose for a second straight month in December, helped by higher production of rubber, cars and car engines and petroleum, but missed expectations. The manufac...

PTT Global rating not affected by potential U.S. investment

PTT Global rating not affected by potential U.S. investment

FE Online Desk 2018-01-31 13:26:48

SINGAPORE (S&P Global Ratings) Jan. 31--S&P Global Ratings said today that its rating and outlook on PTT Global Chemical Public Co. Ltd. (PTTGC: BBB/Stable/--) are not affected by the comp...

Facebook to ban all cryptocurrency ads

Facebook to ban all cryptocurrency ads

-- 2018-01-31 11:15:35

Facebook has said it will block any advertising promoting cryptocurrency products and services. The company said it was open to emerging technologies but many companies were not acting in "good faith...

Upward interest adjustments imperative to attract deposit

Upward interest adjustments imperative to attract deposit

Jasim Uddin Haroon 2018-01-31 09:17:16

Economists find the new monetary policy statement wanting in adequate strategies to ensure quality bank lending as a counterbalance to excessive growth in private credits. During their critical appre...

Migrant workers' households see no improvement in poverty rate

Migrant workers' households see no improvement in poverty rate

FE Report 2018-01-31 00:00:00

Households of Bangladeshi nationals working overseas have achieved no improvement in poverty rate in last three years. A study of Refugee and Migratory Movements Research Unit (RMMRU) said about 9.0...

Tapping full potential of middle class must for graduating to middle-income country: Experts

Tapping full potential of middle class must for graduating to middle-income country: Experts

-- 2018-01-31 00:00:00

Bangladesh has been witnessing a tremendous growth of its middle-class population over the last two decades.  However, the full potential of this driving economic force still remains untapped du...

BB appoints Sur Chowdhury as Banking Reform Adviser

BB appoints Sur Chowdhury as Banking Reform Adviser

-- 2018-01-31 00:00:00

The Bangladesh Bank (BB) has decided to appoint SK Sur Chowdhury as its Banking Reform Adviser after completion of his tenure as Deputy Governor of the bank. A BB press release said SK Sur Chowdhury...

Investment proposal marks 18pc rise in three months

Investment proposal marks 18pc rise in three months

-- 2018-01-30 21:24:25

Investment proposals recorded 18.45 per cent rise during the period of October-December of 2017.   Bangladesh Investment Development Authority (BIDA) received 483 proposals involving a total of...

Bangladesh Bank slashes ADR limit

Bangladesh Bank slashes ADR limit

FE Online Report 2018-01-30 19:04:01

The central bank slashed the limit of advance-deposit ratio (ADR) on Tuesday. The move has been taken to help check any possible liquidity pressure on the market due to ‘aggressive lending.&rsq...

LDC graduation challenges not uphill task: Minister

LDC graduation challenges not uphill task: Minister

-- 2018-01-30 18:45:48

A senior minister on Tuesday said Bangladesh is ready to face any challenge that may emerge from LDC graduation. He continued, moreover, the country would be able to get generalised system of prefere...

Japan job market tightest in 40 years

Japan job market tightest in 40 years

-- 2018-01-30 14:49:14

Japan’s job market is the tightest it’s been in more than 40 years, raising prospects for higher consumer spending and inflation. The employment data along with solid retail figures relea...

Kuwait projects $17b deficit for 2018-19

Kuwait projects $17b deficit for 2018-19

-- 2018-01-30 14:12:19

Kuwait has announced a state budget for the year ending on March 31, 2019 with a deficit of 17.00 billion dollars or 6.556 billion dinars. The petroleum-based economic country on Monday projected s...

Facebook to promote 'trusted' local news

Facebook to promote 'trusted' local news

-- 2018-01-30 10:44:55

Facebook says it is changing the way its news delivery service works by focusing on local news sources in its drive for "high quality" content. "Local news helps us understand the issues that matter...

Bangladesh Bank not against new banks, says governor

Bangladesh Bank not against new banks, says governor

FE Report 2018-01-30 09:50:49

Bangladesh Bank (BB) is not against allowing new banks, but it would depend on the decision by its board of directors, the central bank governor said. "We are not making a u-turn regarding allowing o...

RHD seeks Tk 13.43b more to carry out maintenance work

RHD seeks Tk 13.43b more to carry out maintenance work

Munima Sultana 2018-01-30 09:39:48

The Roads and Highways Department (RHD) has sought around 75 per cent higher allocation in the revised budget for the current fiscal year aiming to carry out periodic maintenance works. Sources said...

Foreign fund inflow for microcredit may dry up

Foreign fund inflow for microcredit may dry up

Rezaul Karim 2018-01-30 00:00:00

Microcredit sector might face some challenges, including less inflow of foreign funds, after Bangladesh's gradation from Least Developed Country (LDC) status, the regulator predicts. In its concept p...

Current account deficit may cross $4.0b in FY 18: BB

Current account deficit may cross $4.0b in FY 18: BB

FE Online Report 2018-01-30 00:00:00

The country’s current account deficit is likely to cross US$4.0 billion by the end of this fiscal year (FY18) over widening trade gap due to higher import payments against lower export receipts....

Mobile phone subscribers now 145.11m

Mobile phone subscribers now 145.11m

-- 2018-01-29 21:32:20

A total of 145.11 million people are currently active mobile phone subscribers and 80.48 million people are internet users in the country. The number of active mobile phone subscribers in the country...

US considers 5G network as option to counter spying

US considers 5G network as option to counter spying

-- 2018-01-29 11:35:16

President Donald Trump’s national security team is looking at options to counter the threat of China spying on US phone calls that include the government building a super-fast 5G wireless networ...

Computers to function like human brain!

Computers to function like human brain!

-- 2018-01-29 11:17:49

Researchers at the US National Institute of Standards and Technology (NIST) in Colorado have developed a superconducting switch that "learns" like its biological counterpart. The switch, called a syna...

'Contractionary' monetary policy imperative to contain poll-time splurge

'Contractionary' monetary policy imperative to contain poll-time splurge

Jasim Uddin Haroon 2018-01-29 00:00:00

Economists suggest the forthcoming monetary policy should be "contractionary" to manage impact of election-time splurge on the economy and multifarious tensions persisting on the money market. Howeve...

China growth likely to slow to 6.5-6.8 in 2018

China growth likely to slow to 6.5-6.8 in 2018

-- 2018-01-29 00:00:00

China’s economic growth will likely slow to 6.5-6.8 per cent this year, a senior official at the country’s top economic planner wrote in the Beijing Daily on Monday. The official said thi...

BB discloses new monetary policy to curb inflation

BB discloses new monetary policy to curb inflation

FE Online Report 2018-01-29 00:00:00

The central bank of Bangladesh has unveiled cautious and growth-supportive monetary policy aiming to curb inflation through discoursing credit flow to the less productive sectors. “The monetary...

Bangladesh 7th nation to send technical interns to Japan

Bangladesh 7th nation to send technical interns to Japan

FE Online Report 2018-01-29 00:00:00

Bangladesh is set to become the seventh country to send technical interns to Japan. To this effect, Dhaka and Tokyo inked a Memorandum of Cooperation (MoC) on Monday, said a media release by Ministry...

JEC meet: Country to try for reviving UAE manpower market

JEC meet: Country to try for reviving UAE manpower market

Mehdi Musharraf Bhuiyan 2018-01-28 00:00:00

The Joint Economic Commission (JEC) meeting between Bangladesh and the United Arab Emirates (UAE) is scheduled to take place in the UAE's capital city of Abu Dhabi on February 5-6, after a long gap of...

NBR eyes Tk 83.65b extra to cut govt revenue shortfall

NBR eyes Tk 83.65b extra to cut govt revenue shortfall

Doulot Akter Mala 2018-01-28 00:00:00

The National Board of Revenue (NBR) expects to mobilise Tk 83.65 billion in additional revenue from large taxpayers in the second half of the current fiscal year by resolving legal disputes and 4G lic...