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The Financial Express

Search results for: Economy

BB sets deadline for banks to adjust ADR, IDR limit

BB sets deadline for banks to adjust ADR, IDR limit

-- 2019-03-07 19:20:49

Bangladesh Bank (BB) on Thursday asked the scheduled banks to adjust their Advance Deposit Ratio (ADR) or Investment Deposit Ratio (IDR) limit within September 30 this year in line with the central ba...

Trade deficit drops slightly in July-Jan period

Trade deficit drops slightly in July-Jan period

FE Online Report 2019-03-07 16:52:26

Country’s merchandise trade deficit with the rest of the world declined slightly in the first seven months of the current fiscal year compare to the same period of the past fiscal year. Central...

Empower BB to sack high-ups of SoBs, expert opines

Empower BB to sack high-ups of SoBs, expert opines

FE Report 2019-03-07 09:26:58

The existing Banking Companies Act (BCA) should be reformed to empower the Bangladesh Bank (BB) with the authority of dismissing the chairmen and directors of the state-owned banks (SoBs), said BB for...

Amazon founder Jeff Bezos remains world's richest person

Amazon founder Jeff Bezos remains world's richest person

-- 2019-03-06 17:48:02

Amazon founder Jeff Bezos has been named the richest person in the world with an estimated worth of $131 billion dollars (€115.8 billion), according to Forbes. Jeff Bezos founded the company in...

Trade disputes, uncertainty over Brexit would hit world businesses: OECD

Trade disputes, uncertainty over Brexit would hit world businesses: OECD

-- 2019-03-06 16:51:24

The Organisation for Economic Co-Operation and Development (OECD) has warned that trade disputes and uncertainty over Brexit would hit world commerce and businesses in next two years. The OECD also c...

Non-profits’ part in economy growing

Non-profits’ part in economy growing

Yasir Wardad 2019-03-06 10:38:20

The contribution of non-profit organisations to the national economy has been substantial in recent years as the sub-sector is growing rapidly. Such non-profits tend to provide services rather than p...

BD eyes $15b Saudi investment

BD eyes $15b Saudi investment

Mir Mostafizur Rahaman 2019-03-06 09:24:01

Bangladesh eyes investment worth around US$ 15 billion from Saudi Arabian investors, as a high-profile delegation of the country is going to arrive in Dhaka today (Wednesday). "We are expecting a sub...

Inflation rises slightly in February

Inflation rises slightly in February

-- 2019-03-05 17:29:28

A rise in food inflations slightly pushed up the general inflation rate last month. "The general point-to-point inflation rate increased to 5.47 per cent in February," Planning Minister MA Mannan sai...

Economic zone for Japanese investors gets ECNEC nod

Economic zone for Japanese investors gets ECNEC nod

-- 2019-03-05 16:54:07

The government has initiated a project for setting up an economic zone, dedicated for Japanese investors, at Araihazar in Narayanganj. The Executive Committee of the National Economic Council (ECNEC)...

Govt slaps tax on Facebook, YouTube ads

Govt slaps tax on Facebook, YouTube ads

-- 2019-03-05 09:30:58

The government has decided to collect 15 per cent value added tax (VAT) from the advertisements on internet platforms like Facebook and YouTube.    The authorities have not been collec...

ADB lowers growth forecast to 7.5pc

ADB lowers growth forecast to 7.5pc

FE Report 2019-03-05 09:05:21

Bangladesh economy is likely to grow at a rate of 7.5 per cent in the ongoing fiscal year (FY), 2018-19, the Asian Development Bank (ADB) has projected afresh. The newly forecasted gross domestic pro...

'BD team to sit with defendants of reserve heist case'

'BD team to sit with defendants of reserve heist case'

-- 2019-03-04 20:27:07

A team of Bangladesh Bank officials and lawyers will sit with the Filipino defendants of a case over the central bank cyber-heist to recover the stolen funds. The delegation will depart for the Phili...

24pc of total bank investments come from Islamic banks

24pc of total bank investments come from Islamic banks

FE Online Report 2019-03-04 16:15:12

Around 24 per cent of the total investments of the country’s banking sector come from the Islamic banks, according to the latest statistics of the central bank. It showed that total Investments...

152 countries, organisations sign BRI deals with China

152 countries, organisations sign BRI deals with China

Xinhua 2019-03-04 13:54:21

A total of 152 countries and international organisations have signed cooperation documents with China so far on the Belt and Road Initiative (BRI), a spokesperson for the annual session of China's top...

Remittances rise by 10pc in eight months

Remittances rise by 10pc in eight months

FE Report 2019-03-04 09:41:59

The flow of remittances rose by nearly 10 per cent in the first eight months of the current fiscal year, despite significant falloff in February year-on-year, officials said. Bangladeshi nationals wo...

$100m WB loan to strengthen Public Financial Management

$100m WB loan to strengthen Public Financial Management

-- 2019-03-03 17:20:47

The World Bank has approved a $100 million credit for improving fiscal forecasting, and public budget preparation and execution. The Strengthening Public Financial Management (PFM) to Enable Service...

Govt employees may get 25pc pay raise

Govt employees may get 25pc pay raise

Jasim Uddin Haroon 2019-03-02 09:27:12

The government is considering raising pay and allowances of public servants by 25 per cent as part of "price adjustment," officials said. This includes an annual increment of 5.0 per cent. The fresh...

US personal income falls for first time in three years

US personal income falls for first time in three years

-- 2019-03-01 20:25:26

US personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most si...

Potentials of blue economy left untapped, no proper initiatives  

Potentials of blue economy left untapped, no proper initiatives  

-- 2019-03-01 18:29:21

Although 26 sectors have been identified to exploit the potentials of blue economy in the country, almost all the sectors remained untapped for lack of proper initiatives, says a UNB report.  S...

Indonesia's foreign tourist arrivals rise in January

Indonesia's foreign tourist arrivals rise in January

-- 2019-03-01 16:44:12

The number of foreign holiday makers visiting Indonesia in the first month of this year expanded 5.22 per cent to 1.16 million people year-over-year with Chinese tourist contributing the most to the h...

India GDP growth falls to record low in Q3

India GDP growth falls to record low in Q3

-- 2019-03-01 13:34:29

India's gross domestic product (GDP) grew by 6.6 per cent in the third quarter (Q3), the slowest in the past five quarters, increasing chances of another interest rate cut by the central bank to boost...

Indo-Pak tension to cast shadow over BD economy, say analysts

Indo-Pak tension to cast shadow over BD economy, say analysts

Mir Mostafizur Rahaman 2019-03-01 09:54:14

A prolonged tension between India and Pakistan may cause uncertainty over the economies of Bangladesh and other south Asian countries, economists and experts say. "If the present situation escalates...

Asia's Jan crude oil imports from Iran dip to two-month low

Asia's Jan crude oil imports from Iran dip to two-month low

-- 2019-02-28 21:44:00

Asia's crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and India slowed down purchases and as Japan recorded zero imports for a third month, government...

Banxico cuts economic growth forecast for 2019

Banxico cuts economic growth forecast for 2019

-- 2019-02-28 15:01:59

Banxico, the central bank of Mexico, on Wednesday reduced its economic growth forecast for 2019 to a range between 1.1 and 2.1 per cent from the previous projection of 1.7-2.7 per cent. The central b...

Italy facing excessive economic imbalances: EU

Italy facing excessive economic imbalances: EU

-- 2019-02-27 19:31:25

Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. How...

India economy losing steam ahead of election

India economy losing steam ahead of election

-- 2019-02-27 17:43:19

India’s economy appeared to be losing momentum in the approach to a general election that must be held by May, as a Reuters survey of economists forecast that growth slipped to 6.9 per cent annu...

400KV power transmission line project gets ECNEC nod

400KV power transmission line project gets ECNEC nod

-- 2019-02-27 17:39:15

The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved a big project to set up double-circuit 400KV transmission lines to extend the high voltage power transmission inf...

Kuroda says inflation to miss BOJ’s target in fiscal 2020

Kuroda says inflation to miss BOJ’s target in fiscal 2020

-- 2019-02-27 15:13:31

Bank of Japan Governor Haruhiko Kuroda said on Wednesday the chance of inflation hitting the central bank’s 2.0 per cent target during the fiscal year ending in March 2021 was low. Kuroda also...

Oracle survey finds enterprises ready for benefits of 5G

Oracle survey finds enterprises ready for benefits of 5G

FE Online Desk 2019-02-27 13:27:53

While much of the discussion around 5G has centered on consumer devices, enterprises are looking towards the tremendous impact the technology can have on their ability to serve customers and the botto...

‘Ethical politics prerequisite for ethical financial system’

‘Ethical politics prerequisite for ethical financial system’

FE Report 2019-02-27 10:44:51

Only an ethical political system can ensure an ethical banking and financial system, an eminent economist has said at a lecture in the city. "A parliament that follows the principles of ethics is cri...