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FE Online Desk 2019-02-06 12:26:49
Puerto Rico, a Caribbean island and unincorporated US territory, has received the approval of a deal to restructure $17.0 billion of the island’s $72.0 billion debt. Judge Laura Taylor Swain ap...
-- 2019-02-06 10:43:02
Dhaka is set to sign a memorandum of understanding (MoU) with New Delhi on February 8 to set up an Indian Economic Zone in Mongla, Bagerhat. The NIDAR Industrial Park Pune (Pvt) Ltd., a sister concer...
Siddique Islam 2019-02-06 10:29:07
The central bank is trying to find a way out to ease pressure of defaulted loans that have already reached an alarming level in the country's banking system. It has already formed three committees to...
-- 2019-02-05 14:20:17
The Reserve Bank of India (RBI) is likely to change its monetary policy stance to “neutral” from “calibrated tightening” on Thursday and move closer to a rate cut in April. A...
Siddique Islam 2019-02-05 09:21:38
Bangladesh's import expenses exceeded the US$30 billion mark in the first half (H1) of the current financial year (FY), 2018-19, on the back of higher imports of intermediate goods. The overall impor...
Doulot Akter Mala 2019-02-04 09:57:09
Finance Minister AHM Mustafa Kamal on Sunday pledged to maintain consistency in tax rates and other fiscal measures and frame a simple budget from the next fiscal year (FY). In a meeting with income...
-- 2019-02-03 19:11:23
Bangladeshi migrant workers sent a record amount of remittance home in January. They sent $1.59 billion in inward remittances to Bangladesh in the first month of the year, a new monthly record. The a...
FE Online Report 2019-02-03 16:55:32
The governor of Bangladesh Bank (BB) Fazle Kabir on Saturday stressed the need for export-led and manufacture-dominated development for the sake of country's desired economic uplift. He, however, adv...
-- 2019-02-03 11:43:19
Bangladesh Bank has information about where the stolen reserves are being kept in the Philippines, said Governor Fazle Kabir. A large part of the $81 million stolen from the Bangladesh Bank’s a...
Reuters 2019-02-03 10:52:36
International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million i...
FE Online Report 2019-02-02 17:53:56
Current account deficit dropped significantly in the first half (H1) of the current fiscal year (FY19), according to the latest statistics of the central bank. It showed that current account deficit...
FE Online Desk 2019-02-02 14:06:51
A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle. The study of 1,510 HR,...
-- 2019-02-02 13:44:40
The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth f...
FE Online Report 2019-02-02 13:08:37
Bangladesh Bank has projected that deficit on merchandise trade in the country would drop moderately in the current fiscal year (FY19). In its outlook on Balance of Payments (BoP), the central bank h...
-- 2019-02-02 10:07:20
The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists, even while the Philippine bank targeted by the l...
FE Report 2019-02-02 09:29:57
Saving certificates online database named 'national saving certificates online management system' will be launched tomorrow (Sunday). The move has been taken to see whether savings schemes are abused...
-- 2019-02-01 17:33:20
Cash-strapped Pakistan on Thursday launched a bond scheme for its citizens living overseas, aimed at generating funds in foreign currencies to help bridge a balance of payment crisis. The Build Pakis...
-- 2019-02-01 15:22:57
The Philippine bank being sued for conspiracy to steal Bangladesh Bank reserve has labelled the lawsuit as a “political stunt”. Quinn Emanuel, a US law firm, has been hired to defend the...
-- 2019-02-01 14:44:01
Japan’s jobless rate fell in December and the availability of jobs held steady, Reuters reported on Friday citing government data. The seasonally adjusted unemployment rate fell to 2.4 per cent...
-- 2019-02-01 13:00:34
Indian unemployment rate rose to its highest level in at least 45 years in 2017/18, an official survey that has been withheld by the government shows. The Business Standard newspaper reported the jo...
Siddique Islam 2019-02-01 10:32:03
The Bangladesh Bank (BB) will continue its intensive supervision in ensuring credit flow to the priority sectors to help create more and better jobs along with protecting the environment. "….B...
-- 2019-02-01 09:37:22
Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole $81 million from its account at the Federal Reserve Bank of New York nea...
-- 2019-01-31 18:40:32
Italy's economy tipped into recession at the end of last year, according to latest figures. In the final three months of 2018, the economy shrank by 0.2 per cent, following a 0.1 per cent decline in...
-- 2019-01-31 15:02:35
Saudi Arabia’s economy grew at a pace of 2.21 per cent in 2018, buoyed by strong oil sector growth, government data showed on Thursday, recovering from a contraction in 2017 when the economy was...
-- 2019-01-31 11:38:12
The US Federal Reserve on Wednesday left interest rates unchanged as expected and pledged to be patient about future rate hikes. In support of the goals to foster maximum employment and price stabili...
Siddique Islam 2019-01-31 10:29:15
The monetary policy statement (MPS), announced Wednesday by the country's central bank for the second half (H2) of the current financial year, maintained a 'cautious' monetary policy stance with sligh...
FE Report 2019-01-30 17:15:18
The central bank unveiled its second half-yearly (H2) monetary policy statement (MPS) on Wednesday keeping key policy rates unchanged. Bangladesh Bank (BB) Governor Fazle Kabir at a press conference...
-- 2019-01-30 13:51:14
The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve. The suit...
-- 2019-01-30 12:55:45
Japan’s retail sales rose more than expected in December as consumers increased spending on clothes and home appliances. The 1.3 per cent rise in retail sales in December from a year earlier wa...
FE Report 2019-01-30 09:26:56
The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has sa...
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