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The Financial Express

Search results for: Economy

Country getting ready for post-LDC trade benefits

Country getting ready for post-LDC trade benefits

Syful Islam 2018-04-28 09:48:00

As Bangladesh is poised to graduate to a developing country, the government is getting prepared to claim new facilities in the global market, officials said. The national committee on export, heade...

Vietnam eager to enhance cooperation with Bangladesh

Vietnam eager to enhance cooperation with Bangladesh

-- 2018-04-27 21:14:06

Vietnam is keen to develop its friendship and cooperation with Bangladesh and the two countries can share experience in economic development, poverty reduction and gender equality promotion. Vice Pre...

China confirms $2.67b loan for Padma rail link project

China confirms $2.67b loan for Padma rail link project

FE Online Report 2018-04-27 18:54:49

China has confirmed US$2.67 billion loan for the Padma railway link construction project of Bangladesh. To this end, an agreement was signed between the two sides on Friday at EXIM Bank of China's he...

UK house prices edge up in April

UK house prices edge up in April

-- 2018-04-27 14:44:00

House prices in United Kingdom (UK) rose a bit more quickly in April after touching a seven-month low in the previous month, the mortgage lender Nationwide said. The Nationwide said that they are sti...

Gender budget will lead to empowerment

Gender budget will lead to empowerment

FE Report 2018-04-27 11:15:30

Speakers at a pre-budget discussion called for stepping up monitoring of implementation of the gender responsive budget to help ensure women empowerment in the country. They also called for increasin...

Central bank devising collateral database to stem doc forgery

Central bank devising collateral database to stem doc forgery

FE Report 2018-04-27 09:39:49

The central bank has started the process of developing a collateral database in order to prevent document forgery and corruption during sanctioning loans, officials said. "We've taken the moves to ch...

Short-term foreign loans for industrialisation not very effective: Study

Short-term foreign loans for industrialisation not very effective: Study

FE Online Report 2018-04-26 19:37:38

A study on Bangladesh’s banking sector says the country’s short-term foreign loans for industrialisation are not very efficient compared to that of long-term borrowings. The Bangladesh In...

S’pore's manufacturing output rises in March

S’pore's manufacturing output rises in March

-- 2018-04-26 16:01:51

The manufacturing output of Singapore grew 5.9 per cent year on year in March, compared to a revised 6.7 per cent increase in February, the economic development board of the country has announced. &n...

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

FHM Humayan Kabir 2018-04-26 10:02:49

Road Transport and Bridges Ministry is sticking to its demand for an additional allocation of Tk 14 billion to acquire more land for the Padma Bridge project despite reservation expressed by a gover...

FDI flow drops by 7.7pc last year

FDI flow drops by 7.7pc last year

Asjadul Kibria 2018-04-26 09:37:17

Net inflow of foreign direct investment in the country declined by 7.72 per cent last year, with officials attributing the drop-off to geo-political tension, the central bank has said. Statistics ava...

Argentina c bank holds policy rate at 27.25pc

Argentina c bank holds policy rate at 27.25pc

-- 2018-04-25 13:50:10

Argentina’s central bank (BCRA) held its benchmark interest rate at 27.25 per cent on Tuesday, reiterating in a statement that high-frequency indicators suggested core inflation would remain h...

BDT demand in money market dips

BDT demand in money market dips

Siddique Islam 2018-04-25 10:31:41

The demand for Bangladesh Taka (BDT) in the money market fell drastically mainly due to the recent slash of the cash reserve requirement (CRR) by 1.0 percentage by the central bank. Both the weighted...

Revenue shortfall forces govt to wind down budget

Revenue shortfall forces govt to wind down budget

Doulot Akter Mala 2018-04-25 09:59:54

The government has wound down this fiscal year's budget by 7.25 per cent to Tk 3.71 trillion after a large shortfall in internal revenue collection and lower execution of development work. In June la...

Reserve heist: Bangladesh wants to settle issue out of court

Reserve heist: Bangladesh wants to settle issue out of court

Syful Islam 2018-04-25 09:47:43

As the legal procedure is taking a long time to get back stolen reserve money from the Philippines, the government of Bangladesh is keeping its option open for settling the issue out of court, officia...

Service sector boosts employment

Service sector boosts employment

-- 2018-04-24 17:46:53

Service sector is fast catching up to the agriculture sector in terms of generating maximum number of employments in Bangladesh. Service sector's contribution to employment generation marked a remark...

Euro zone banks see rising loan demand in Q2: Survey

Euro zone banks see rising loan demand in Q2: Survey

-- 2018-04-24 16:06:36

Banks in the euro zone expect demand for corporate loans, consumer credit and mortgages to grow in the second quarter with credit standards also easing, the European Central Bank said on Tuesday. By...

ICAB suggests gradual cutback on corporate tax

ICAB suggests gradual cutback on corporate tax

FE Report 2018-04-24 10:33:05

Chartered accountants on Monday suggested the government set a national revenue target and distribute it among the tax offices in a logical manner. The revenue target and distribution of the targ...

India mulls investment in BD's three economic zones

India mulls investment in BD's three economic zones

Our Correspondent 2018-04-24 10:18:34

CHATTOGRAM: A delegation of Bengal Chamber of Commerce and Industry from Kolkata has visited the Chittagong Chamber of Commerce and Industry (CCCI) at the World Trade Centre in the city. The 15-membe...

Manpower export to UAE to begin within three months

Manpower export to UAE to begin within three months

FE Online Report 2018-04-23 17:39:54

The UAE will start recruiting Bangladeshi workers within the next three months, said expatriates’ welfare minister Nurul Islam BSC on Monday. He said it while addressing a press conference at t...

China’s March LNG imports rise 64.2pc

China’s March LNG imports rise 64.2pc

-- 2018-04-23 16:09:02

China imported 3.25 million tonnes of liquefied natural gas (LNG) in March, up 64.2 per cent year on year, data from the country's customs authority showed Monday. Total LNG imports in the first...

Singapore's CPI edges up in March

Singapore's CPI edges up in March

-- 2018-04-23 15:25:26

The Consumer Price Index (CPI) of Singapore rose 0.2 per cent in March, compared to the 0.5 per cent inflation in February, official data showed on Monday. The joint release by the Ministry of Trad...

Classified loans: Strong judiciary support a must for fast recovery

Classified loans: Strong judiciary support a must for fast recovery

Siddique Islam 2018-04-23 10:06:57

Country's banking sector has sought strong judiciary support to speed up recovery process of classified loans, saying that it would also help improving financial health and growth of the banks. "We n...

Public entities' DSLs keep on swelling, cross Tk 1.0t mark

Public entities' DSLs keep on swelling, cross Tk 1.0t mark

Rezaul Karim 2018-04-23 09:53:58

Debt service liabilities (DSLs) of state-owned entities, autonomous and semi-autonomous bodies soared to Tk 1.02 trillion at the end of the last fiscal year (FY) 2016-17, according to official statist...

IMF not doing enough to reduce inequality

IMF not doing enough to reduce inequality

FE Online Desk 2018-04-22 12:58:03

The International Monetary Fund (IMF) is not doing enough beyond preventing the next global economic crisis from taking place and reducing inequality, says the Jubilee USA Network in a statement. It...

Rising financial vulnerabilities threaten global growth prospects : IMF

Rising financial vulnerabilities threaten global growth prospects : IMF

FE Online Desk 2018-04-22 12:16:38

Global growth has further strengthened and is increasingly broad-based, driven by a strong rebound in investment and trade, according to a communiqué of the 37th meeting of the International Mo...

Number of tax payers hasn't increased: NBR chief

Number of tax payers hasn't increased: NBR chief

-- 2018-04-21 20:25:44

The number of tax payers has not increased though the Gross Domestic Product (GDP) has increased in recent time. National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiya made the remarks on...

Women entrepreneurs leading SME business

Women entrepreneurs leading SME business

-- 2018-04-21 16:09:27

Women entrepreneurs are leading the country’s small and medium-sized enterprise (SME) business, overcoming various obstacles in the male-dominated society. Their participation in the SME fairs...

Inflow of FDI slows in July-February

Inflow of FDI slows in July-February

FE Online Report 2018-04-21 14:31:21

Inflows of foreign direct investment (FDI) have slowed in the first eight months of the current fiscal year. Latest statistics, released by the central bank, showed that the net inflow of FDI registe...

Import-GDP ratio to increase this fiscal year

Import-GDP ratio to increase this fiscal year

FE Online Report 2018-04-21 13:45:27

The country is expected to see an increase in its ratio of the imports of goods and services to the Gross Domestic Product (GDP) in current fiscal year 2018. The ratio may stand at 22.34 per cent as...

Global economy has a 'bumpy road ahead', warns IMF

Global economy has a 'bumpy road ahead', warns IMF

FE Online Desk 2018-04-21 13:43:27

World leaders, finance ministers, the private sector and nongovernmental organisations begin the Spring International Monetary Fund and World Bank meetings on the 10-year anniversary of the global fin...