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The Financial Express

Search results for: Economy

Not even dollar is immune to hyperinflation in Venezuela

Not even dollar is immune to hyperinflation in Venezuela

-- 2019-03-15 18:39:12

In San Antonio del Tachira, like scores of Venezuelan towns near the border with Colombia, if you want to buy food or medicine it is no use amassing huge piles of bolivar currency. You need Colombian...

BD seeks greater int’l support to achieve SDGs

BD seeks greater int’l support to achieve SDGs

-- 2019-03-15 14:32:03

Bangladesh has sought greater support from the international community to help it achieve Sustainable Development Goals (SDGs), including those related to women and girls. "We reiterate our commitmen...

Making city hazard map is a challenge: JICA official

Making city hazard map is a challenge: JICA official

FE Report 2019-03-15 11:12:03

The challenge for future development of Dhaka city will be risk communication, a JICA official told a workshop on Thursday. Risk communication refers to the exchange of information between the gov...

BOJ keeps monetary policy steady

BOJ keeps monetary policy steady

-- 2019-03-15 11:00:27

The BOJ has kept monetary policy steady and offered a bleaker assessment of exports and output, nodding to heightening overseas risks that could threaten to derail a fragile economic recovery. The Ba...

‘Blue economy’ key to achieving double digit growth: Minister

‘Blue economy’ key to achieving double digit growth: Minister

-- 2019-03-14 20:29:22

State Minister for Shipping Khalid Mahmud Chowdhury said that by establishing a “blue economy” the country would achieve double digit growth by 2025. “The government is working on u...

Trump says in no rush to complete China trade deal

Trump says in no rush to complete China trade deal

-- 2019-03-14 12:58:58

US President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal would include protection for intellectual property, a major sticking point...

China industrial output growth falls to record low

China industrial output growth falls to record low

-- 2019-03-14 12:07:16

China's January-February industrial output slipped to a 17-year low, but investment picked up pace during the period as the government boosted road and rail projects in a bid to avert a slowdown. Chi...

'BD, India to be key regional economic actors over decade'

'BD, India to be key regional economic actors over decade'

FE Report 2019-03-14 10:41:16

Building a pluralistic and liberal democratic society is a common challenge for both Bangladesh and India, a visiting Indian researcher said on Wednesday. Both the countries are facing the risks of e...

'RCBC lawsuit not a setback to stolen money recovery'

'RCBC lawsuit not a setback to stolen money recovery'

-- 2019-03-13 16:57:35

Bangladesh Bank Governor Fazle Kabir has said the defamation lawsuit filed by Philippines’ Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank is not a setback to the efforts to recover...

BD poised to emerge as 30th largest economy: MIGA VP

BD poised to emerge as 30th largest economy: MIGA VP

-- 2019-03-13 12:22:08

Bangladesh is poised to emerge as the world's 30th largest economy over the next few years with a trillion-dollar GDP, a top official of Multilateral Investment Guarantee Agency (MIGA) said Wednesday....

'Bangladesh now out of Sino-Indian shadow'

'Bangladesh now out of Sino-Indian shadow'

FE Report 2019-03-13 09:43:50

Lauding Bangladesh's tremendous economic progress, the US ambassador in Dhaka said on Tuesday it has come out of the shadow of both China and India. The South Asian nation is playing a bigger role in...

BD assigns lawyer to deal with case in Manila

BD assigns lawyer to deal with case in Manila

Siddique Islam 2019-03-13 09:26:02

Bangladesh has assigned a lawyer to look into all legal issues including a defamation suit filed by the Manila-based Rizal Commercial Banking Corporation (RCBC) recently against the country's central...

Nakshipalli project, five others get ECNEC nod

Nakshipalli project, five others get ECNEC nod

-- 2019-03-12 19:29:17

The government has decided to initiate a project with the aim to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. To this end, the Executive Committee of National Economi...

RCBC sues BB over reserve heist claim

RCBC sues BB over reserve heist claim

-- 2019-03-12 13:49:34

A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heis...

BOP posts $975m deficit in seven months

BOP posts $975m deficit in seven months

FE Report 2019-03-12 09:38:07

The country's overall balance of payments (BOP) registered a $975-million deficit during the July-January period of fiscal year (FY) 2018-19. The amount is $59 million less than the $1,034-million de...

BD earned $514m by exporting fish in FY18: Minister

BD earned $514m by exporting fish in FY18: Minister

-- 2019-03-11 18:51:14

State Minister for Fisheries and Livestock Md Ashraf Ali Khan Khasru on Monday said the country earned around US$ 514 million by exporting fish and fisheries items during the fiscal year (FY) 2017-18....

Voting in Ducsu election underway

Voting in Ducsu election underway

-- 2019-03-11 09:24:50

The 43,000-plus students of Dhaka University have begun voting to elect representatives to the Dhaka University Central Students’ Union (Ducsu) after 28 years. Voting began at the polling centr...

Macroeconomic indicators satisfactory in Q1: Finance minister

Macroeconomic indicators satisfactory in Q1: Finance minister

-- 2019-03-10 20:46:44

The country’s macro-economic indicators; including export earning, remittance and foreign exchange reserve; were satisfactory in the first quarter (July-September) of the current fiscal (2018-19...

BD 39th among 50 economies in EM Logistics Index

BD 39th among 50 economies in EM Logistics Index

Mehdi Musharraf Bhuiyan 2019-03-10 09:56:43

A weak regulatory framework and poor corruption prevention measures are undermining Bangladesh's potential as a big logistics market, says a new global report. At the same time, factors such as polit...

NBR set to ease tax refund over excess payment

NBR set to ease tax refund over excess payment

Doulot Akter Mala 2019-03-10 09:37:35

Marginal taxpayers are set to get a maximum refund of Tk 25,000 directly from the taxmen in case they pay in excess of the payable amount. The move came after a National Board of Revenue (NBR) commit...

Banks to provide 20pc of total loans to SMEs: Governor

Banks to provide 20pc of total loans to SMEs: Governor

-- 2019-03-09 20:56:26

Bangladesh Bank Governor Fazle Kabir has said all banks have been instructed to provide at least 20  per cent of their total loans to small and medium-sized enterprises (SMEs). The BB governor a...

'Skilled manpower necessary to boost remittance volume'

'Skilled manpower necessary to boost remittance volume'

-- 2019-03-09 19:55:12

Foreign Minister Dr A K Abdul Momen has said the concerned ministries and institutions should provide necessary skill training to the workforce intending to go abroad for giving a boost to the country...

US economy created only 20,000 jobs in February

US economy created only 20,000 jobs in February

-- 2019-03-09 16:26:06

The US economy created the lowest number of jobs for a year-and-a-half in February, well below forecasts. Just 20,000 new jobs were created last month against expectations of a 180,000 increase, offi...

Skill and technical capacity dev a must to make Delta Plan a success

Skill and technical capacity dev a must to make Delta Plan a success

-- 2019-03-09 14:24:30

International Business Forum of Bangladesh (IBFB) organised a seminar on Delta Plan in its Tajgaon Office recently. The seminar was chaired by IBFB President Humayun Rashid, where eminent educati...

Jt body reviews progress of Rooppur nuclear power plant

Jt body reviews progress of Rooppur nuclear power plant

FE Online Desk 2019-03-09 13:54:07

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CPD dialogue on power and energy sector on March 10

CPD dialogue on power and energy sector on March 10

FE Online Desk 2019-03-09 13:37:15

Centre for Policy Dialogue (CPD) will hold a dialogue titled Power and Energy Sector: Immediate Issues and Challenges March 10. Mr Nasrul Hamid, MP, State Minister, Ministry of Power, Energy...

Budget deficit grows in Q2 as revenue income tumbles

Budget deficit grows in Q2 as revenue income tumbles

Jasim Uddin Haroon 2019-03-09 09:14:53

The budget deficit widened to over Tk 162 billion during the second quarter (Q2) to December of the fiscal year, as increasing government spending overshot revenue earnings, according to an official d...

Saudi team sees BD as ‘new Asian Tiger’

Saudi team sees BD as ‘new Asian Tiger’

FE Report 2019-03-08 10:01:40

Saudi Arabia's commerce and investment minister Dr Majid Bin Abdullah Al Qosaibi on Thursday termed Bangladesh a "new Asian Tiger" and expressed his country's interest to bring the existing relations...

Fiscal policies ill-equipped for women entrepreneurs

Fiscal policies ill-equipped for women entrepreneurs

Doulot Akter Mala 2019-03-08 09:33:05

The country's fiscal policies are yet to be fully equipped to support start-up women entrepreneurs at grass-roots level, experts said. Barring the income tax law, no other fiscal law, be it Value Add...

BD’s domestic demand to expand at slower pace

BD’s domestic demand to expand at slower pace

Jasim Uddin Haroon 2019-03-08 09:26:36

The Washington-based IIF said Bangladesh's broad-based domestic demand expansion would continue in the current fiscal year (FY), 2018-19, and also in the next FY, 2019-20, albeit at a slower pace. Th...