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The Financial Express

Search results for: Economy

Remittance drops in November

Remittance drops in November

FE Report 2018-12-03 09:36:01

The flow of inward remittance fell slightly in November over that of the previous month despite the depreciating mode of taka against dollar in recent months. The money sent home by Bangladeshis work...

Explore benefits of economic graduation, PM urges exporters

Explore benefits of economic graduation, PM urges exporters

-- 2018-12-02 17:01:18

Prime Minister Sheikh Hasina has urged the business community to explore the export and other business opportunities in the global market following country’s graduation as a developing country f...

IMF chief urges G20 members to 'fix trade'

IMF chief urges G20 members to 'fix trade'

Xinhua 2018-12-02 15:50:49

International Monetary Fund (IMF) chief Christine Lagarde has said that there is "an urgent need" to de-escalate trade tensions, reverse recent tariff increases, and modernise the rules-based multilat...

NBR to review fiscal incentives offered to API industries

NBR to review fiscal incentives offered to API industries

Doulot Akter Mala 2018-12-02 09:54:57

Six months after the publication of the 'National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy by the Ministry of Commerce, the National Board of Revenu...

Prices of most China's production goods decline

Prices of most China's production goods decline

-- 2018-12-01 11:29:24

China's official data showed most production goods monitored by the government posted lower prices in the middle 10 days of November compared with the previous 10 days. Of the 50 major goods monitore...

No liquidity shortage in banking sector: BB governor

No liquidity shortage in banking sector: BB governor

FE Report 2018-12-01 09:57:00

Bangladesh Bank (BB) Governor Fazle Kabir has said the banking industry is now on stable footing as there is no liquidity shortage in this sector at this moment. "The banking industry in Bangladesh...

Delhi meeting to review progress in LoC projects

Delhi meeting to review progress in LoC projects

FHM Humayan Kabir 2018-12-01 09:43:13

Dhaka and Delhi are going to review again the progress in execution of projects under the Indian Lines of Credit (LoCs) this month in New Delhi, officials have said. The officials on Friday said a Ba...

'Number of tax return submission increases by 40pc'

'Number of tax return submission increases by 40pc'

-- 2018-11-30 16:36:45

The number of tax return submission has increased by 40 per cent in the past two years, said Sirajul Islam, acting chairman National Board of Revenue (NBR). He gave the information while addressing a...

Brexit deal good for global economy, Theresa May to tell G20

Brexit deal good for global economy, Theresa May to tell G20

-- 2018-11-30 13:57:03

British Prime Minister Theresa May will tell world leaders at Group-20 summit that the Brexit agreement she has reached with the European Union will have positive consequences for the global economy....

South Korea raises interest rate to 1.75pc

South Korea raises interest rate to 1.75pc

-- 2018-11-30 13:40:19

South Korea's central bank has raised the benchmark interest rate for the first time in 12 months as the bank was pressured to hike borrowing costs amid the massive household debts. Bank of Korea (BO...

Singapore's labour market improves in 2018

Singapore's labour market improves in 2018

-- 2018-11-30 13:32:32

Singapore's labour market improved from June 2017 to June 2018 as economic activities picked up, according to an annual report issued by the Ministry of Manpower on Thursday. The Labour Force in Sing...

Dec net bank borrowing target likely to be Tk 22b

Dec net bank borrowing target likely to be Tk 22b

Siddique Islam 2018-11-30 09:50:29

The government is set to fix the net bank borrowing target at Tk 22 billion for December to finance budget deficit partly ahead of the general election, officials said. It may take up to Tk 136 billi...

Japan retail sales rise 3.5pc in October

Japan retail sales rise 3.5pc in October

-- 2018-11-29 13:15:39

Japan’s retail sales grew 3.5 per cent in October, fastest in 10 months, from a year earlier as consumers shelled out more on fuel, cars, medicines and cosmetics. Japanese policymakers are coun...

No-deal Brexit could trigger UK recession, warns BoE

No-deal Brexit could trigger UK recession, warns BoE

BBC 2018-11-29 11:44:58

A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8 per cent in the immedi...

Armed Forces Income Tax Fair begins

Armed Forces Income Tax Fair begins

-- 2018-11-28 20:53:23

A two-day ‘Armed Forces Income Tax Fair-2018′ started at Sena Malancha convention hall in Dhaka on Wednesday with an aim to facilitate tax services to the armed forces’ members. Tax...

Revenue collection witnesses 15.16pc growth in six years

Revenue collection witnesses 15.16pc growth in six years

-- 2018-11-28 16:13:25

The National Board of Revenue (NBR) has seen a significant growth in its revenue collection in the last six years resulting in helping the government take some mega projects like Padma Bridge one with...

S Korea's bank loan rate to households rises

S Korea's bank loan rate to households rises

-- 2018-11-28 14:50:22

South Korea's bank loan rate to households rose last month on the expected policy rate hike, the Bank of Korea (BOK) data showed Wednesday. According to the central bank, the annualised rate for fr...

Govt bonds’ yields rise notably

Govt bonds’ yields rise notably

Siddique Islam 2018-11-28 10:53:48

Yields on the government treasury bonds (T-bonds) increased significantly on Tuesday, as the banks were reluctant to invest their funds in the long-term securities ahead of the national polls. The...

Muhith blasts NBR for offering tax exemptions on large scale

Muhith blasts NBR for offering tax exemptions on large scale

FE Report 2018-11-28 09:31:11

Finance Minister AMA Muhith slammed the National Board of Revenue (NBR) for offering tax exemptions on a large scale. "The NBR might be called a jungle of tax exemption for providing too much of such...

$50m ADB loan for microenterprise dev in BD

$50m ADB loan for microenterprise dev in BD

-- 2018-11-27 20:47:08

The Asian Development Bank (ADB) has approved $50 million loan to promote microenterprise development in Bangladesh. The ADB approved the loan through a credit line to Palli Karma Sahayak Foundatio...

French consumer confidence falls to record low

French consumer confidence falls to record low

-- 2018-11-27 19:12:48

French consumer confidence fell record low in November, lowest level since February 2015, according to data from the official statistics agency INSEE. The November reading for consumer confidence of...

China keen to invest in Hi-Tech park industry

China keen to invest in Hi-Tech park industry

-- 2018-11-27 17:44:03

Chinese companies have shown interest in investing in the high-tech park industry of Bangladesh as investment-friendly atmosphere is prevailing in recent time over the country, reports BSS. About 3...

Vietnam's energy sector needs $150b boost by 2030: WB

Vietnam's energy sector needs $150b boost by 2030: WB

-- 2018-11-27 17:21:48

Power-hungry Vietnam needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam, one of the fastest-growing economic country of Asia, has be...

PD banks for six-month tenure auction calendar

PD banks for six-month tenure auction calendar

Siddique Islam 2018-11-27 14:29:55

The primary dealer (PD) banks have sought introduction of a six-month tenure auction calendar instead of the existing single-month one to manage fund efficiently. The appeal was made at a review meet...

Kuwait issues guidelines for fintech

Kuwait issues guidelines for fintech

-- 2018-11-26 19:59:02

Kuwait’s central bank has issued regulatory guidelines for companies wishing to experiment with new financial technology products and services, it said on Monday. Kuwait’s regulatory test...

3.8m tax returns submitted this year: Muhith

3.8m tax returns submitted this year: Muhith

-- 2018-11-26 19:42:05

Finance Minister Abul Maal Abdul Muhith has said around 3.8 million tax returns were submitted this year. The minister gave the information on Monday while submitting his tax return through online at...

Japan’s factory activity slows to 51.8 in Nov

Japan’s factory activity slows to 51.8 in Nov

-- 2018-11-26 13:33:25

The Nikkei Flash Japan Purchasing Managers' Index (PMI) fell to a seasonally adjusted 51.8 in November from a final 52.9 in October, slowest pace in two years, a preliminary survey showed. The manu...

BB asks NBFIs to provide info about poll candidates

BB asks NBFIs to provide info about poll candidates

FE Report 2018-11-26 10:25:05

The central bank has asked non-banking financial institutions (NBFIs) to share information about default loans of the aspirants of the national elections, if any, with the returning officials. The...

FM expects ‘breakthrough’ in blue economy

FM expects ‘breakthrough’ in blue economy

-- 2018-11-25 14:02:21

Bangladesh can expect a 'breakthrough' in the field of blue economy through developing its capacity, said Foreign Minister. Foreign Minister AH Mahmood Ali told it to reporters at Sonargaon Hotel aft...

Experts see China economy slowing down in 2019

Experts see China economy slowing down in 2019

Reuters 2018-11-25 13:30:49

China’s economic growth is expected to hit 6.6 per cent this year and slow to 6.3 per cent in 2019 as the country struggles with challenges relating to trade and structural reform, economists fr...