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The Financial Express

Search results for: Economy

NPL volume swells to Tk 939.11 billion

NPL volume swells to Tk 939.11 billion

Siddique Islam 2019-02-27 09:28:05

The volume of classified loans in the country's banking system jumped by over 26 per cent or Tk 196.08 billion (19,608 crore) in the last calendar year despite close monitoring by the central bank. T...

'Trump doesn't understand economics'

'Trump doesn't understand economics'

-- 2019-02-26 19:03:27

A former chair of the US central bank, Janet Yellen, has sharply criticised US President Donald Trump's economic knowledge. On American Public Media's Marketplace programme, Janet Yellen said Mr Trum...

Thrust on strengthening  independence, capacity of  BB

Thrust on strengthening independence, capacity of BB

FE Online Desk 2019-02-26 13:40:41

The 18th Nurul Matin Memorial Lecture on Ethics in Banking was held at Bangladesh Institute of Bank Management (BIBM) on Monday. BIBM organised the lecture styled 'Ethics in Banking' at its office at...

'Higher default loans to impede investment pickup'

'Higher default loans to impede investment pickup'

FE Report 2019-02-26 09:28:00

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, Monday cautioned that if left unaddressed, the problem of high-level non-performing loans in the banking sector could impede a pickup...

BB issues new policy to police offshore banking operations

BB issues new policy to police offshore banking operations

Siddique Islam 2019-02-26 09:25:12

The central bank has issued a new policy asking banks to comply with cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules for their Offshore Banking Operations. Under the new poli...

'Genome sequence disclosure to boost hilsha production'

'Genome sequence disclosure to boost hilsha production'

-- 2019-02-25 19:04:28

The disclosure of the genome sequence of the hilsa fish has created a tremendous scope of increasing production through developing the resource of the fish in the country, said State Minister for Fish...

Trump delays tariff hike on Chinese goods

Trump delays tariff hike on Chinese goods

-- 2019-02-25 12:54:18

President Donald Trump has said he would delay an increase in US tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal...

Experts moot idea of central financial commission

Experts moot idea of central financial commission

FE Report 2019-02-25 09:18:00

Formation of a central financial commission was suggested at a function in Dhaka Sunday to oversee allocations made in the national budget and development of tax structure to help make the budget part...

Nurul Matin Memorial Lecture today

Nurul Matin Memorial Lecture today

FE Online Desk 2019-02-24 19:14:11

The 18th Nurul Matin Memorial Lecture on “Ethics in Banking” is going to be held at 7.30pm today (Monday) at Bangladesh Institute of Bank Management (BIBM) Auditorium. Dr. Junaid Kamal Ah...

Finalising RADP: Govt agencies seek addl Tk 287b internal funds

Finalising RADP: Govt agencies seek addl Tk 287b internal funds

FHM Humayan Kabir 2019-02-24 14:29:59

The authorities are in a dilemma over finalising the revised annual development programme (RADP) as public agencies have sought Tk 287 billion extra from internal resources, officials said on Saturday...

Local govt institutions and representatives should work together

Local govt institutions and representatives should work together

FE Online Desk 2019-02-23 15:29:36

The local government institutions in Bangladesh have been carrying out a number of development projects under the head of social safety net programme (SSNP) to provide community-based services for the...

Beijing registered 180,000 new businesses in 2018

Beijing registered 180,000 new businesses in 2018

-- 2019-02-23 11:33:27

The number of registered companies in Beijing rose by 6.5 per cent to 1.65 million by the end of 2018, authorities said. The Beijing municipal administration for market regulation showed that the Chi...

Experts for strengthening 'priority' financing

Experts for strengthening 'priority' financing

FE Report 2019-02-23 10:04:23

Experts at a seminar on Friday called for strengthening of "priority lending" in South Asia through the development of alternative mechanism and improvement in credit risk assessment infrastructure....

Japan Jan core CPI rises 0.8pc y/y

Japan Jan core CPI rises 0.8pc y/y

-- 2019-02-22 12:24:09

Japan's core consumer prices increased in January from a year earlier, the government said in a report on Friday. According to the Ministry of Internal Affairs and Communications, core consumer price...

China sees 'enormous potential' in Saudi economy

China sees 'enormous potential' in Saudi economy

-- 2019-02-22 09:27:37

China sees “enormous potential” in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top diplomat said, as Saudi Crown Prince Mohammed bin S...

Apple, Goldman Sachs to jointly launch credit card paired with iPhone: WSJ

Apple, Goldman Sachs to jointly launch credit card paired with iPhone: WSJ

-- 2019-02-21 19:54:08

Goldman Sachs Group Inc has teamed up with Apple Inc to issue credit cards that will be paired with iPhones and will help users manage their money, the Wall Street Journal reported here on Wednesday,...

StanChart sets aside $900m to cover US, British fines

StanChart sets aside $900m to cover US, British fines

-- 2019-02-21 16:45:55

Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which ha...

Johnson & Johnson receives federal subpoenas related to baby powder litigation

Johnson & Johnson receives federal subpoenas related to baby powder litigation

-- 2019-02-21 16:17:56

Johnson & Johnson said on Wednesday it has received subpoenas from the US Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos conta...

China central bank sees benchmark rate cut

China central bank sees benchmark rate cut

-- 2019-02-21 15:30:42

China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a...

Saudi Aramco to sign China refinery deals as crown prince visits

Saudi Aramco to sign China refinery deals as crown prince visits

-- 2019-02-21 14:21:12

Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during the Saudi Arabian crown prince’s visit this week, sources familiar with the...

Dollar inches up after Fed minutes

Dollar inches up after Fed minutes

-- 2019-02-21 14:00:00

The dollar inched up on Thursday after minutes from the Federal Reserve’s last meeting revived expectations for a possible US rate hike this year while the Aussie dollar skidded on policy easing...

Sony to beef up chip business with new engineers

Sony to beef up chip business with new engineers

-- 2019-02-21 13:46:12

Sony Corp said on Thursday it will assign 40 per cent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new ap...

Trade weakness likely to extend into Q1: WTO

Trade weakness likely to extend into Q1: WTO

-- 2019-02-20 13:30:24

Trade weakness is likely to extend into the first quarter (Q1) of 2019, said the World Trade Organization (WTO) on Tuesday, warning also of a potential further deterioration. The international trade...

FY ’16 to be new GDP base year

FY ’16 to be new GDP base year

Yasir Wardad 2019-02-20 10:20:18

The local statistical agency has said it will adopt a new base year for calculating the Gross Domestic Product (GDP) effective from July 2020 and it is expected to raise the size of the economy by a...

Move to raise Tk 8.78t from bond mkt to propel economic growth

Move to raise Tk 8.78t from bond mkt to propel economic growth

Siddique Islam 2019-02-20 09:57:02

Coordinated efforts are on to raise Tk 8.78 trillion from the bond market for achieving 8.0 per cent plus economic growth by 2021, officials said. To this end, a tripartite committee has already been...

Kuroda says BOJ ready to ease if yen rise hurts price goal path

Kuroda says BOJ ready to ease if yen rise hurts price goal path

-- 2019-02-19 12:51:07

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2.0 per cent inflati...

Indonesia central bank to hold key rate: Reuters poll

Indonesia central bank to hold key rate: Reuters poll

-- 2019-02-19 12:31:26

The Bank Indonesia will keep interest rates on hold on Thursday, a Reuters poll showed, as the Federal Reserve’s caution over further rate hikes has spurred some hopes Jakarta’s next move...

StanChart projects 7.2pc growth for Bangladesh

StanChart projects 7.2pc growth for Bangladesh

FE Report 2019-02-19 09:46:04

Bangladesh economy is likely to grow at a rate of 7.2 per cent during the ongoing and the next fiscal years (FY), according to projections of the Standard Chartered (StanChart). "We project the Bangl...

Kishoreganj EZ obtains final licence

Kishoreganj EZ obtains final licence

-- 2019-02-18 20:35:40

The Kishoreganj Economic Zone (KEZ), a concern of Nitol Niloy Group, has obtained final licence from Bangladesh Economic Zones Authority (BEZA). BEZA Executive Chairman Paban Chowdhury handed over th...

US-China trade war major threat for global economy: ICCB

US-China trade war major threat for global economy: ICCB

FE Online Desk 2019-02-18 18:17:21

The International Chamber of Commerce-Bangladesh (ICCB) has described the trade war between the United States and China as a major concern for global economy. "The tariff fight between the two countr...