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The Financial Express

Search results for: Economy

'Fast-track' seaport projects tread in slow lane

'Fast-track' seaport projects tread in slow lane

FHM Humayan Kabir 2018-06-01 10:02:58

The execution of two 'fast-track' seaport projects has been progressing at a very slow pace, according to relevant officials. Of the two, work on one project — the Sonadia deep-seaport -- has n...

New ERF office opens in city

New ERF office opens in city

-- 2018-05-31 21:52:22

The new office of the Economic Reporters’ Forum (ERF), the organisation dedicated specially for the country’s economic reporters, was inaugurated at the Paltan Tower in the city on Thursda...

Muhith encourages journalists to write book marking BD golden jubilee

Muhith encourages journalists to write book marking BD golden jubilee

-- 2018-05-31 20:54:03

Finance Minister Abul Maal Abdul Muhith has said journalists should write about the development and achievements of Bangladesh marking golden jubilee of the country. "The country will step into its 5...

US Q1 GDP growth slows to 2.2pc

US Q1 GDP growth slows to 2.2pc

-- 2018-05-31 13:37:52

US economy, the largest economy of the world, grew slightly lower than previously estimated in the first quarter, according to the US Commerce Department report. The economic growth was revised to an...

Red-tape hits two dozen China-funded projects

Red-tape hits two dozen China-funded projects

Mir Mostafizur Rahaman 2018-05-31 10:03:01

Due to the bureaucratic tangles, more than two dozen China-funded projects are not progressing at a satisfactory pace. So far, the disbursement has been made against only two projects. The projects...

BB asks banks to keep spread within 4.0pc

BB asks banks to keep spread within 4.0pc

FE Report 2018-05-31 09:50:10

The central bank has asked the commercial banks to keep their intermediation spread between the lending and average deposit rates within 4.0 per cent. To this end, it issued a circular on Wednesday....

Brazil business confidence falls in May

Brazil business confidence falls in May

-- 2018-05-30 15:56:15

The business confidence index (BCI) of Brazil dipped in May to its lowest level since November 2017, dragged down by the slow pace of economic recovery, according to a report released Tuesday. The...

German labour market witnesses robust growth

German labour market witnesses robust growth

Reuters 2018-05-30 14:44:04

Germany’s jobless numbers dropped more than expected in May, pushing down the unemployment rate to a record low, data showed on Wednesday, reflecting the robustness of a labour market that has b...

Country’s NFA rises 3.51pc in March

Country’s NFA rises 3.51pc in March

Jasim Uddin Haroon 2018-05-30 10:15:33

The latest statistics of the Bangladesh Bank (BB) shows that the country's Net Foreign Assets (NFA) registered a 3.51 per cent growth in March. The NFA used to expand at double-digit rates even two y...

Bangladesh may surpass India in three years

Bangladesh may surpass India in three years

-- 2018-05-30 00:08:57

Per capita income of Bangladesh may surpass the same of India within three years, according to an analysis of the Business Standard on India on Monday. "Per capita income (in dollar terms) in Banglad...

China airlines revenue reaches $117b in 2017

China airlines revenue reaches $117b in 2017

-- 2018-05-29 14:10:14

The civil aviation industry of China made operating revenue of 746 billion yuan (about $117 billion) in 2017, said the official statistical bulletin. The figure is a 15.3-per cent increase year on ye...

BD’s per capita income may overtake India in three years

BD’s per capita income may overtake India in three years

FE Online Report 2018-05-29 11:55:12

Per capital income of Bangladesh may cross that of India within three years, according to an analysis of the Business Standard (BS). “Per capita income (in dollar terms) in Bangladesh is now gr...

Venture capital: Govt body to frame policy guideline in six weeks

Venture capital: Govt body to frame policy guideline in six weeks

FE Report 2018-05-29 10:11:06

The government has formed a high-powered committee to formulate a policy guideline regarding venture capital and investment eco-system in the country. The 10-member body is asked to prepare the guide...

Falling budget execution rate gives 'bad signal'

Falling budget execution rate gives 'bad signal'

-- 2018-05-29 09:51:20

The declining rate of budget implementation over the last few years is a very bad omen for the country, Finance Minister A M A Muhith has said. "It is indeed (giving) a very bad signal," the finance...

Emphasis on skilled labour for sustainable economic growth

Emphasis on skilled labour for sustainable economic growth

FE Online Report 2018-05-28 20:49:54

Experts on Monday has laid emphasis on skilled labour force for attaining sustainable economic growth and interlinked skills development system in accordance to the needs of the labour market. They a...

China's industrial profits hits record high in April

China's industrial profits hits record high in April

-- 2018-05-28 15:25:31

Profits of China’s industrial firms in April rose at their fastest pace in six months as the factories benefited from higher prices and strong demand, data from the NBS has showed. Profits in A...

Defaulters swallow Tk 800b bank money

Defaulters swallow Tk 800b bank money

Kamrun Nahar 2018-05-28 09:47:37

Lawmakers have identified the legal loopholes as one of the major reasons why bank-loan defaulters go unscathed, in most cases. The 23rd meeting of the parliamentary standing committee on the ministr...

BEA recommends Tk 12t alternative budget plan

BEA recommends Tk 12t alternative budget plan

-- 2018-05-27 17:04:16

The Bangladesh Economic Association has recommended a Tk 12 trillion budget for the coming fiscal year, which is nearly three times the current year's budget, reports bdnews24.com "Our budget is reas...

Exports get raw deal from both big, small SAARC nations

Exports get raw deal from both big, small SAARC nations

Syful Islam 2018-05-27 09:54:54

Exports from Bangladesh to SAARC countries are being subjected to various types of non-tariff and para-tariff barriers, according to a study carried out by the Bangladesh Tariff Commission (BTC) recen...

Revenue collection at Benapole port declines

Revenue collection at Benapole port declines

-- 2018-05-26 20:47:48

The revenue collection at Benapole Land Port has fallen below target in the current fiscal year due to a number of reasons. However, statistics show the number of imports to have risen in the country...

Pakistan seeks economic lifeline with China loans

Pakistan seeks economic lifeline with China loans

-- 2018-05-26 17:42:24

Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad's growing reliance on B...

BI predicts 5.15pc growth in Q2

BI predicts 5.15pc growth in Q2

-- 2018-05-26 15:36:39

Bank Indonesia (BI), the central bank of the largest economic country in Southeast Asia, has predicted 5.15 per cent economic growth in the second quarter. The economic growth in the second quarter t...

US consumer sentiment falls in May

US consumer sentiment falls in May

-- 2018-05-26 15:10:59

US consumer sentiment index was 98.0 in May, barely below the 98.8 in April and just above the 97.1 in last May's survey, according to the University of Michigan (UM) Surveys of Consumers. The cur...

FDI from Singapore drops by two-thirds in 2017

FDI from Singapore drops by two-thirds in 2017

FE Online Report 2018-05-26 14:42:01

Net inflow of Foreign Direct Investment (FDI) from Singapore declined by 69 per cent in 2017, according to the latest statistics of the central bank. It showed that the net inflow of Singaporean FDI...

Sonali to inject Tk 1.65b as equity into Farmers Bank

Sonali to inject Tk 1.65b as equity into Farmers Bank

FE Report 2018-05-26 09:59:23

The state-run Sonali Bank has decided to inject Tk 1.65 billion as equity into scam-hit Farmers Bank Ltd. soon, a senior official said. The board of directors of the state-run bank at its 577th meeti...

UK economy barely growing amid Brexit concerns

UK economy barely growing amid Brexit concerns

-- 2018-05-25 16:16:20

Official figures Friday confirmed that the British economy barely grew in the first three months of the year. The Office for National Statistics said the economy expanded by a quarterly rate of just...

Japan factory output seen rising in April

Japan factory output seen rising in April

-- 2018-05-25 13:30:03

Japan’s industrial production was expected to rise for a third straight month in April thanks to brisk export demand, a Reuters poll found on Friday. Factory output was expected to have risen b...

BOK holds interest rates steady

BOK holds interest rates steady

-- 2018-05-24 15:52:47

The Bank of Korea (BOK), the central bank of the Republic of Korea, held interest rates steady for a sixth straight month on Thursday. Monetary policy committee of the BOK held its base rate KROCR...

Argentina again seeks IMF help to face crisis

Argentina again seeks IMF help to face crisis

-- 2018-05-24 15:11:50

Maria Florencia Humano opened a clothing store in 2016, convinced that Argentina’s long history of economic crises had ended under pro-business President Mauricio Macri. She will shutter it lat...

Singapore April CPI edges up 0.1pc y/y

Singapore April CPI edges up 0.1pc y/y

-- 2018-05-23 14:21:31

Singapore’s headline consumer price index (CPI) rose lower than expected in April from a year earlier, data showed on Wednesday. The all-items CPI of the city-state edged down to 0.1 per cent,...