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The Financial Express

Search results for: Economy

Builders scale down work, spending on Padma Bridge

Builders scale down work, spending on Padma Bridge

FHM Humayan Kabir 2018-03-29 09:19:24

The project-execution agency seeks a pared-down Tk 43.95-billion fund from the government in the upcoming budget for the Padma Multipurpose Bridge as construction work decelerated, sources said. At t...

No change to sales tax hike plan: Japan PM Abe

No change to sales tax hike plan: Japan PM Abe

-- 2018-03-28 14:19:46

Japanese Prime Minister Shinzo Abe has said there was no change to his plan to raise the country’s sales tax hike next year unless the economy is hit by a huge external shock. “If the eco...

Sri Lanka for stronger ties with Bangladesh to boost commerce

Sri Lanka for stronger ties with Bangladesh to boost commerce

FE Online Desk 2018-03-28 13:39:10

Sri Lanka has shown keen interest in enhancing connectivity with Bangladesh especially in maritime and air links to boost bilateral trade and investments between the two South Asian countries. Rishad...

RBI likely to hold off rate hikes

RBI likely to hold off rate hikes

-- 2018-03-28 13:18:48

A sudden slump in India’s vegetable prices following a spike in farm production will keep the central bank from tightening policy until the end of the year, analysts say, with inflation now ti...

Nine banks suffer Tk 194.67b capital shortfall in 2017

Nine banks suffer Tk 194.67b capital shortfall in 2017

Siddique Islam 2018-03-28 09:25:32

Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in t...

Indian railways receive 20m applicants for 0.1m posts

Indian railways receive 20m applicants for 0.1m posts

-- 2018-03-27 15:51:50

India's state-run railways have received more than 20 million applicants for about 100,000 jobs, a railway ministry official has said. The number of applicants is expected to rise further as the dead...

China’s industrial profit grows strong in Jan-Feb

China’s industrial profit grows strong in Jan-Feb

-- 2018-03-27 15:33:25

China's industrial profits rose 16.1 per cent year-on-year to 968.9 billion yuan ($154.57 billion) in the first two months of the year, the National Bureau of Statistics (NBS) said on Tuesday. The...

Bangladesh to be hunger-free by 2030: Speakers

Bangladesh to be hunger-free by 2030: Speakers

FE Online Report 2018-03-27 15:02:57

Bangladesh would be a zero-hunger country by 2030 overcoming all odds and obstacles, speakers made the remark in a seminar held on Tuesday. Challenges are huge to achieve the Sustainable Developmen...

US gunmaker files for bankruptcy

US gunmaker files for bankruptcy

-- 2018-03-26 15:38:12

Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure...

Trade war: India and China may warm up

Trade war: India and China may warm up

-- 2018-03-26 15:21:03

NEW DELHI: India's commerce minister Suresh Prabhu and his Chinese counterpart Zhong Shan are putting their heads together in Delhi on Monday in a Joint Economic Group (JEG) huddle. The meeting is...

Beijing will continue buying US Treasuries

Beijing will continue buying US Treasuries

-- 2018-03-26 15:13:30

China doesn’t seem to fear a trade war with the US. And it has plenty of means at its disposal to fight the war, including the scaling back of buying US Treasuries, or even worse, sell-off of US...

US sends China to-do list to reduce trade imbalance

US sends China to-do list to reduce trade imbalance

-- 2018-03-26 15:03:21

The United States asked China in a letter last week to cut the tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Stre...

Thailand to open service businesses

Thailand to open service businesses

-- 2018-03-26 13:13:07

Thailand is considering opening some businesses in the service industry to more foreign investment, the Bangkok Post reported on Monday (March 26). A panel overseeing the review will meet on Thursday...

US sanctions seven Pakistani firms for ‘nuclear trade’

US sanctions seven Pakistani firms for ‘nuclear trade’

-- 2018-03-26 11:57:38

  WASHINGTON: The Trump administration has added seven Pakistani companies to a list of foreign entities that presumably pose a significant risk to the national security and policy interests of...

Trade War: India may be next Trump target

Trade War: India may be next Trump target

-- 2018-03-26 11:29:23

India could very well be the next recipient of US trade action. This was viewed by William Reinsch, senior adviser at the Center For Strategic & International Studies. Reinsch previously served...

BB issues new rules on hiring CFO, CITO for banks

BB issues new rules on hiring CFO, CITO for banks

FE Report 2018-03-26 10:00:07

The central bank has introduced a new set of regulations on appointment of chief financial officer (CFO) and chief information technology officer (CITO) of the banks to ensure good governance in the b...

Biman starts 3rd weekly Jeddah flight from Chittagong

Biman starts 3rd weekly Jeddah flight from Chittagong

-- 2018-03-26 09:53:48

Biman Bangladesh Airlines Sunday started operation of its third weekly flight to Jeddah from port city Chittagong. The national flag carrier's flight no BG 135 took off Hazrat Shah Amanat Internation...

Govt to introduce E-chalan to collect VAT, tax

Govt to introduce E-chalan to collect VAT, tax

-- 2018-03-26 09:49:03

The government will introduce E-chalan soon for collection of VAT and income tax. Finance secretary Muslim Chowdhury  informed the media this at city function Sunday to inaugurated 'e-chalan' ....

$51m Kuwait fund for urban development

$51m Kuwait fund for urban development

-- 2018-03-25 19:40:17

The Kuwait Fund for Arab Economic Development (KFAED) will provide US$ 51 million loan to Bangladesh for urban infrastructure development in 51 municipalities in the northern region. The loan agreeme...

WTO warns of disruption to global economy

WTO warns of disruption to global economy

-- 2018-03-25 13:15:47

The head of the World Trade Organization called on Friday for restraint and urgent dialogue within the WTO system to stop trade frictions damaging the world economy, which he said was experiencing a f...

Economists contradict BBS claim on 'job-rich growth'

Economists contradict BBS claim on 'job-rich growth'

FHM Humayan Kabir 2018-03-25 09:43:02

Despite having higher economic growth, Bangladesh couldn't create requisite job opportunities, thereby putting the country's sustainable growth potential at risk, economists said. They said a higher...

Govt moves to intensify vigilance against money laundering

Govt moves to intensify vigilance against money laundering

-- 2018-03-24 17:57:43

The government has decided to pool information resources on money laundering in a single file to better track the capital flight and work in a coordinated way to bring the laundered money back home....

LDC graduation: ADB chief congratulates Bangladesh

LDC graduation: ADB chief congratulates Bangladesh

-- 2018-03-24 16:45:08

Asian Development Bank (ADB) President Takehiko Nakao has congratulated Bangladesh for meeting the criteria for graduation from Least Developed Country (LDC). The ADB president congratulated Prime Mi...

Trump signs $1.3 trillion budget deal, lifting veto threat

Trump signs $1.3 trillion budget deal, lifting veto threat

-- 2018-03-24 11:19:25

US President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending several hours of confusion spurred by a tweeted veto threat that raised the spectre of a gov...

Greater job creation a must in post-LDC era: Muhith

Greater job creation a must in post-LDC era: Muhith

FE Report 2018-03-24 09:39:29

Muhith prioritises greater job creation and better use of funds from some newer windows as experts focused on challenges and advantages to emerge from Bangladesh's much-vaunted LDC graduation. Speake...

Road up for repairs just one year after construction done

Road up for repairs just one year after construction done

FHM Humayan Kabir 2018-03-24 09:19:41

Just a year after construction of the Dhaka-Chittagong four-lane highway, the government department concerned goes for its maintenance and repair for some faults and damage, officials said. The Roads...

WB approves $15m loan for Bangladesh to improve statistics

WB approves $15m loan for Bangladesh to improve statistics

FE Online Report 2018-03-23 12:31:39

The World Bank (WB) has approved a $15 million loan to help Bangladesh produce timely and quality statistics. “This will help the country make more evidence-based policy decisions,” the...

Congress, Trump try to pass $1.3tr spending bill

Congress, Trump try to pass $1.3tr spending bill

-- 2018-03-23 12:23:05

The US Congress has voted to approve a $1.3-trillion government funding bill with large increases in military spending, sending it to President Donald Trump, who was expected to sign it into law. The...

Net FDI in July-Jan declines

Net FDI in July-Jan declines

FE Online Report 2018-03-23 11:53:04

Inflow of net Foreign Direct Investment (FDI) slightly declined in the first seven months of the current fiscal year, according to the latest statistics of the central bank. It showed that total net...

BB seeks Tk 3.0b for EEF operation

BB seeks Tk 3.0b for EEF operation

FE Report 2018-03-23 11:49:22

The Bangladesh Bank (BB) has requested the government to release a sum of Tk 3.0 billion for smooth operation of the Equity and Entrepreneurship Fund (EEF). "We have requested the finance ministry to...