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The Financial Express

Search results for: Economy

China increases defence spending by 8.1pc

China increases defence spending by 8.1pc

-- 2018-03-05 13:30:27

China has increased its defence budget by 8.1 per cent for 2018, largest rise in three years, fuelling the country’s ambitious military modernisation programme amid rising security concerns. Th...

Banking system 'trails economic growth pace'

Banking system 'trails economic growth pace'

FE Report 2018-03-05 10:03:49

Bangladesh's banking system, especially the central bank, falls behind the country's growth, creating a mismatch, says an expert. "If you look at the major indicators of Bangladesh's economy, includi...

Case against RCBC by April this year

Case against RCBC by April this year

FE Report 2018-03-05 09:08:13

Finance Minister AMA Muhith unveiled Sunday a government plan to sue Rizal Commercial Banking Corporation (RCBC) of the Philippines by April to recover the reserves stolen through cyber-heist. He s...

Bangladesh to seek Vietnam investment in economic zones

Bangladesh to seek Vietnam investment in economic zones

-- 2018-03-04 21:55:33

Bangladesh will focus on attracting investments in its special economic zones during talks with Vietnam's businesspeople accompanying visiting Vietnamese President Tran Dai Quang. Vietnamese Presiden...

Gold bribes given in $2b bank fraud case, says CBI

Gold bribes given in $2b bank fraud case, says CBI

-- 2018-03-04 12:19:34

An official of India’s Punjab National Bank received gold and diamond jewellery from a billionaire jeweller accused of being involved in a $2 billion bank fraud, the federal police told a court...

Vibrant private sector behind dev success, says Muhith

Vibrant private sector behind dev success, says Muhith

FE Report 2018-03-04 11:16:12

A vibrant private sector bears the real secrets of Bangladesh's development success in recent years, said Finance Minister AMA Muhith, sounding upbeat about the country's capability of graduating. "T...

Bhola in sight as potential natural gas 'hotspot'

Bhola in sight as potential natural gas 'hotspot'

FE Report 2018-03-04 10:16:52

Speakers at a seminar expressed their reservation about both estimate of gas reserve and the rate of its depletion in the country. They found the reserve underestimated and the rate of depletion ov...

NBR plans to adopt trader-friendly fiscal policy: Chairman

NBR plans to adopt trader-friendly fiscal policy: Chairman

-- 2018-03-03 20:25:56

The National Board of Revenue (NBR) plans to adopt a trader-friendly fiscal policy in the upcoming budget so that the businesspeople can submit revenues in a proper way. NBR Chairman Md Mosharraf Hos...

Panama Q4 GDP grows 4.9pc

Panama Q4 GDP grows 4.9pc

-- 2018-03-03 15:28:57

The Gross Domestic Product (GDP) in Panama grew 4.9 per cent in the fourth quarter (Q4), compared to the same period of 2016, the government has said. The Central American country’s annual gr...

Govt bailout remains crisis-fighting tool In Asia-Pacific banking

Govt bailout remains crisis-fighting tool In Asia-Pacific banking

FE Online Desk 2018-03-03 13:54:18

  MELBOURNE (S&P Global Ratings) -Asia-Pacific countries are likely to retain the flexibility of the government bailout option as a primary support mechanism in dealing with potential bankin...

Trump tariff would hurt US too, IMF warns

Trump tariff would hurt US too, IMF warns

-- 2018-03-03 10:33:02

The International Monetary Fund (IMF) has joined criticism of Donald Trump's plan to impose a 25 per cent tariff on steel imports and 10 per cent on aluminium. The body warned that such a move would...

Preparation underway to get back funds laundered abroad

Preparation underway to get back funds laundered abroad

Syful Islam 2018-03-03 00:27:10

The government moves to make mechanisms to bring back huge money siphoned off the country through various conduits, including false trade declarations. Officials said an inter-agency taskforce, which...

Bangladesh to push for opening bank branches early in Saudi Arabia

Bangladesh to push for opening bank branches early in Saudi Arabia

Mehdi Musharraf Bhuiyan 2018-03-03 00:00:00

Bangladesh would push for opening its own bank branches in Saudi Arabia at an upcoming negotiation, aiming to net remittances and funds from expatriates. Officials concerned said the latest bid for o...

One-stop investment service from June to streamline business operations

One-stop investment service from June to streamline business operations

-- 2018-03-02 18:00:27

Investors often complain about cumbersome service procedures and unnecessary delays in carrying out business activities in Bangladesh.  It so happens largely because of current multi-stop servic...

Japan unemployment rate hits 25-year low

Japan unemployment rate hits 25-year low

-- 2018-03-02 15:21:16

Japan’s jobless rate hit a 25-year low in January and job availability stayed at a two-decade high, government data showed on Friday. The core consumer inflation in Tokyo, a leading indicator o...

UN for inclusive growth in Bangladesh

UN for inclusive growth in Bangladesh

-- 2018-03-02 13:28:05

Appreciating the current economic growth in Bangladesh, the United Nations has laid emphasis on having an ‘inclusive’ growth without compromising with environmental sustainability. &ldquo...

MoRTB seeks twice the planned allotment for FY19

MoRTB seeks twice the planned allotment for FY19

Munima Sultana 2018-03-02 09:53:13

Ministry of Road, Transport and Bridges (MoRTB) has placed almost double demand than the government's proposed allocation in the budget for the next fiscal year (FY), 2018-19, on the ground of keeping...

Remittance drops in February

Remittance drops in February

FE Report 2018-03-02 09:39:21

The flow of inward remittance dropped by nearly 17 per cent in February despite maintaining an upward trend in the first eight months of the current fiscal year (FY), officials said. Bangladeshi nati...

BD, Russia, India sign deal over Rooppur power plant construction

BD, Russia, India sign deal over Rooppur power plant construction

FE Online Report 2018-03-01 21:06:57

Bangladesh, Russia and India have signed a memorandum on trilateral cooperation in the implementation of the Rooppur Nuclear Power Plant (RNPP) construction project. Russia's State Atomic Energy Corp...

Bangladesh forerunner among South Asian countries in green RMG

Bangladesh forerunner among South Asian countries in green RMG

FE Online Report 2018-03-01 20:10:11

Bangladesh has taken the foremost position in sustainable green industrialisation in the readymade garment (RMG) sector with the sub-continental region’s highest number of 67 USGBC LEED certifie...

School banking deposits cross Tk 13b

School banking deposits cross Tk 13b

-- 2018-03-01 19:40:21

Deposits with the school banking accounts at commercial banks have crossed  Tk 13 billion (Tk 1,300 crore) at the end of December 2017 as this banking is gradually getting huge response from the...

Govt moves to supply uninterrupted power in southwest region

Govt moves to supply uninterrupted power in southwest region

-- 2018-03-01 18:22:46

People living in the country’s south-western part are going to get a relief from load-shedding and other power-related interruptions as four major projects involving over Tk 40 billion are being...

World heading toward another financial depression: Bill Gates

World heading toward another financial depression: Bill Gates

-- 2018-03-01 17:19:26

Microsoft co-founder Bill Gates has made a cynical economic prediction, saying the world is heading toward another financial depression like the one in 2008. The billionaire made the prediction in an...

Top court upholds NBR decision to freeze Robi accounts

Top court upholds NBR decision to freeze Robi accounts

-- 2018-03-01 12:10:04

The Supreme Court has stayed for three days a High Court order, clearing the way for the government revenue authority to freeze all the bank accounts of Robi Axiata on charges of VAT evasion. A four-...

UK focusing more on Bangladesh: Blake

UK focusing more on Bangladesh: Blake

-- 2018-03-01 12:07:31

The United Kingdom (UK) is focusing more on Bangladesh and its economy as it moves on to become a middle-income country soon and aspires to be a developed one by 2041, said British High Commissioner A...

Deal with Morocco on avoidance of double taxation

Deal with Morocco on avoidance of double taxation

-- 2018-03-01 11:17:19

Bangladesh and Morocco have signed an agreement on Avoidance of Double Taxation and a Protocol on Foreign Office Consultations. The two instruments were signed by Foreign Minister Abul Hassan Mahmood...

India becomes fastest growing economy again

India becomes fastest growing economy again

-- 2018-03-01 10:43:27

India regained its status as the world’s fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and se...

NBR to focus on framing steady fiscal policies

NBR to focus on framing steady fiscal policies

FE Report 2018-03-01 10:33:37

From now on National Board of Revenue (NBR) will focus on framing consistent fiscal policies to attract more investment and collect more revenue, said its chief on Wednesday. "I hope from now on ther...

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

FE Report 2018-03-01 10:13:13

A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realise Tk 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be...

Launching of metro rail to miss target

Launching of metro rail to miss target

Munima Sultana 2018-03-01 09:51:26

Dhaka Mass Transit Company Limited (DMTCL) is struggling with contract package-7 of the metro rail project due to having only one firm out of four short-listed ones for holding financial negotiations,...