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The Financial Express

Search results for: Economy

BD ranks 34 in WEF emerging economies Index

BD ranks 34 in WEF emerging economies Index

-- 2018-01-23 04:32:51

Bangladesh has been placed 34 at the emerging economies in World Economic Forum (WEF) Inclusive Development Index-2018. India ranked at the 62nd place among emerging economies on an Inclusive Develop...

BoJ holds monetary policy steady

BoJ holds monetary policy steady

-- 2018-01-23 04:15:15

Bank of Japan (BoJ) has kept monetary policy unchanged as it continues to grapple to achieve its lofty 2.0 per cent inflation target. The central bank on Tuesday offered a more upbeat view on inflati...

NPLs bother banking sector very much: Muhith

NPLs bother banking sector very much: Muhith

FE Report 2018-01-23 04:04:30

Finance Minister AMA Muhith said Monday the country's banking sector is bothered very much about the non-performing loans (NPLs) and argued that it has been a big problem since the independence when i...

Philippine Q4 GDP grows 6.6pc

Philippine Q4 GDP grows 6.6pc

-- 2018-01-23 02:45:40

Philippine’s economy grew 6.6 per cent in the fourth quarter of 2017, slightly below market expectations, while the annual gross domestic product (GDP) grew 6.7 per cent. The Philippine central...

Export growth remains high in  Asia Pacific economies

Export growth remains high in Asia Pacific economies

FE Online Desk 2018-01-23 02:43:21

  SINGAPORE (S&P Global Ratings) Jan. 23,2018--Export growth remains high in the more trade-dependent Asia-Pacific economies, while domestic demand growth is broadening, said S&P Globa...

1.0pc richest own 82pc global wealth: Oxfam

1.0pc richest own 82pc global wealth: Oxfam

-- 2018-01-22 12:00:00

Some 82 per cent of money generated in 2017 went in the pockets of the richest one per cent, while the poorest half saw no increase at all, Oxfam international said on Monday. The gap between the sup...

Slow labour growth 'unavoidable' for Singapore

Slow labour growth 'unavoidable' for Singapore

-- 2018-01-22 12:00:00

Slower rates of labour force growth in Singapore are unavoidable, the city-state’s central bank head said on Monday, and any attempt to completely offset it by increasing foreign workers is not...

BJA urges govt to lift embargo

BJA urges govt to lift embargo

FE Online Report 2018-01-22 12:00:00

Bangladesh Jute Association (BJA) has requested the government to withdraw the restriction on export of raw jute in the name of uncut BTR and BWR to protect their interests. The local raw jute export...

19pc of remittance goes to real estate

19pc of remittance goes to real estate

FE Online Report 2018-01-22 12:00:00

Around 19 per cent of the remittances received by the beneficiaries are invested in real estate, to be precise, purchase of liveable land and flats. The latest report of a survey, conducted by the ce...

Taxmen find fake tax clearance certificates

Taxmen find fake tax clearance certificates

Doulot Akter Mala 2018-01-22 09:53:17

Taxmen have detected a number of forged tax clearance certificates at field-level tax offices that were prepared with the support of vested quarters including tax practitioners and supporting tax offi...

Muhith woos Norway to utilise FDI incentives

Muhith woos Norway to utilise FDI incentives

-- 2018-01-22 08:55:04

Finance Minister AMA Muhith urged Norway to invest in Bangladesh’s leather and pharmaceutical sectors. Muhith also said that Bangladesh offering various incentives to foreign investors for attr...

2.1m youths get self-employment training in eight yrs

2.1m youths get self-employment training in eight yrs

-- 2018-01-22 08:36:15

Youth Development Department has trained some 2.1 million youths on different trades across the country in last eight years. The information was revealed as State Minister for Youth and Sports Biren...

NBR to launch software for replacing manual selection of tax file

NBR to launch software for replacing manual selection of tax file

-- 2018-01-21 12:00:00

Many of the country’s taxpayers often complain that their tax files are targeted on purpose for auditing just to harass them.  However, officials working in the government's taxation depar...

Umpteen clients of NBFIs unsafe

Umpteen clients of NBFIs unsafe

Jasim Uddin Haroon 2018-01-21 11:18:55

Bangladesh's 34 non-bank financial institutions all operate outside deposit-insurance system, thus denying myriad of savers protections in case of the NBFIs going bankrupt or losing the capacity to pa...

Reform rules, cut corporate tax to 25pc to net in investment

Reform rules, cut corporate tax to 25pc to net in investment

FE Report 2018-01-21 05:32:47

A national policy think-tank suggests Bangladesh knock down maximum corporate tax to 25 per cent over a three-year period as part of reform to spur investment and economic growth. At the same time, t...

China economy to grow better in 2018

China economy to grow better in 2018

Xinhua 2018-01-21 01:41:43

China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in GDP growth is the popular view among global investors given a...

Padma bridge suffers from surfeit of funds as work decelerates

Padma bridge suffers from surfeit of funds as work decelerates

FHM Humayan Kabir 2018-01-20 12:00:00

As construction work decelerates sharply, the Padma bridge needs 17 per cent or Tk 47.03 billion less money in the country's upcoming revised development budget, officials said. The Bridges Division...

Argentina GDP grows 2.9pc in 2017

Argentina GDP grows 2.9pc in 2017

-- 2018-01-20 12:00:00

Argentina's economy expanded by 2.9 per cent in 2017, and grew 0.7 per cent in the fourth quarter from the third quarter, a Treasury Ministry source said. The gross domestic product (GDP) of the uppe...

Tk 20.8b dev project for Rajshahi division

Tk 20.8b dev project for Rajshahi division

-- 2018-01-20 12:00:00

The government has taken an initiative to implement a mega project in Rajshahi division, excluding Sirajganj, at an estimated cost of Tk 20.80 billion for overall rural infrastructure development. Lo...

NY Fed reduces Q1 GDP target

NY Fed reduces Q1 GDP target

-- 2018-01-20 01:10:54

The New York Fed, the Federal Reserve Bank of New York, has reduced its estimate on US gross domestic product (GDP) growth for the first quarter of 2018. The bank on Friday reduced the estimated GDP...

Asian Clearing Union includes JPY in currency basket

Asian Clearing Union includes JPY in currency basket

FE Report 2018-01-19 12:39:18

Country's banks are now allowed to use Japanese yen (JPY), along with the US dollar and Euro, for settling payments under the Asian Clearing Union (ACU) mechanism, officials said Thursday. The commer...

Sweden leads Scandinavian growth outlook

Sweden leads Scandinavian growth outlook

Reuters 2018-01-19 12:00:00

Swedish and Danish growth prospects for 2018 have brightened in recent months, following last year’s forecast-beating economic performance in Scandinavia, a Reuters poll of economists showed on...

Philippines rice harvest hits record high

Philippines rice harvest hits record high

-- 2018-01-19 12:00:00

The Philippines’ rice output grew at record high in the fourth quarter (Q4), while the total agricultural output grew 2.2 per cent in the same period. The paddy rice output of the 9th largest r...

BB likely to place proposals for new banks in next board meeting

BB likely to place proposals for new banks in next board meeting

Siddique Islam 2018-01-19 09:58:07

The central bank is likely to place proposals for a couple of new banks before the next meeting of its board of directors for consideration. It is now scrutinising proposals by Bengal Bank and People...

Financing LNG sector to depend largely on int'l lending agencies

Financing LNG sector to depend largely on int'l lending agencies

Syful Islam 2018-01-19 09:46:12

Bangladesh would have to depend largely on international lending agencies for financing the investment needs of LNG (liquefied natural gas) sector, officials said. Because, they said, sourcing of suc...

Hi-tech parks to create 0.30m jobs

Hi-tech parks to create 0.30m jobs

-- 2018-01-19 04:06:35

The government has taken initiatives to set up hi-tech parks in all districts of the country which will create around 0.30 million jobs. The steps have been taken to set up the software technology pa...

Bangladesh eyes power plant projects in Nepal

Bangladesh eyes power plant projects in Nepal

FE Online Desk 2018-01-19 03:28:48

Bangladesh has proposed to build hydroelectric projects in Nepal to expand its power options after spending $1 billion to build electricity plants in Bhutan. “In order to meet growing demand, w...

Bank Indonesia holds key rates

Bank Indonesia holds key rates

-- 2018-01-19 01:53:21

Bank Indonesia (BI) has kept its key interest rate unchanged, as expected, to give banks more liquidity and encourage them to invest money. The central bank of the largest economic country in Southea...

China Q4 GDP growth exceeds expectations

China Q4 GDP growth exceeds expectations

-- 2018-01-18 12:00:00

China's annual gross domestic product (GDP) grew 6.8 per cent in the fourth quarter (Q4) of 2017 from a year earlier, better than expectations, official data showed on Thursday. A Reuters poll had ex...

Ban on export of raw jute varieties

Ban on export of raw jute varieties

FE Online Report 2018-01-18 12:00:00

The government of Bangladesh has imposed an indefinite ban on export of certain categories of raw jute, said an official source. The embargo on export came on Thursday in response to the requests put...