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The Financial Express

Search results for: Economy

Swedish apartment prices fall in Q4

Swedish apartment prices fall in Q4

-- 2018-01-15 02:49:40

Swedish apartment prices fell 2.0 per cent in the fourth quarter (Q4) from the same period a year earlier, data from an association of the country’s real estate agents showed on Monday. Prices...

Peru economy grows 1.78pc in Nov

Peru economy grows 1.78pc in Nov

-- 2018-01-15 02:24:52

Peru’s economy grew by 1.78 per cent in November from the same month a year earlier thanks to a surge in foreign demand for the country’s mineral exports, state statistics agency Inei said...

Depreciation of taka benefits Bangladeshis in Qatar

Depreciation of taka benefits Bangladeshis in Qatar

FE Online Desk 2018-01-14 12:00:00

Bangladeshis, among all the expatriates in Qatar, benefitted most by currency fluctuation last year. Bangladeshi taka depreciated by around 5.0 per cent in 2017, giving the community of expatriates e...

BD worst among SA countries in production readiness index

BD worst among SA countries in production readiness index

Nashir Uddin with SM Nazmus Sakib 2018-01-14 12:00:00

Bangladesh has been positioned as the poorest performer among its South Asian neighbours in a latest worldwide ranking. The Switzerland-based World Economic Forum (WEF) has published the evaluation t...

Spain seeks EU’s assistance from economic meltdown

Spain seeks EU’s assistance from economic meltdown

-- 2018-01-14 12:00:00

Spanish tourism, finance and agriculture could be badly damaged if the EU fails to broker a deal with the UK over Brexit, the nation’s regional officials have warned. The EU’s European Co...

NBR yet to realise Tk 218b VAT, SD arrears from Petrobangla

NBR yet to realise Tk 218b VAT, SD arrears from Petrobangla

FE Report 2018-01-14 11:10:12

No visible progress has yet been made despite the government's efforts to realise Tk 218 billion in arrears from Petrobangla. Over last several months, National Board of Revenue (NBR) was trying to...

Finance minister disproves CPD statement terming it ‘rubbish’

Finance minister disproves CPD statement terming it ‘rubbish’

-- 2018-01-14 08:00:36

Finance Minister Abul Maal Abdul Muhith came down heavily on Centre for Policy Dialogue (CPD) saying it never recognised the country's achievements. On Sunday, he also labelled the local think-tank&r...

‘Low’ vegetable output yet to meet consumer requirements

‘Low’ vegetable output yet to meet consumer requirements

-- 2018-01-14 07:30:27

The vegetable varieties grown on less than one-tenth (9.38 pc) of the country's total cultivable lands can cater to one-third (32 pc) of the consumers’ daily requirements. The information was r...

Rising cotton import likely conduit for money laundering

Rising cotton import likely conduit for money laundering

FE Report 2018-01-14 05:53:49

A policy think-tank sees surging cotton import into Bangladesh as "suspicious" as it may be a means of siphoning off money. The Centre for Policy Dialogue (CPD) came up Saturday with such scepticism...

337.2m euro deals with Germany for energy, climate

337.2m euro deals with Germany for energy, climate

-- 2018-01-14 04:52:10

Bangladesh and Germany have signed three bilateral agreements for implementing projects in different sectors, including energy and climate. The agreements, worth 337.20 million euro, were signed tod...

Egypt revises up growth forecast for 2017-18

Egypt revises up growth forecast for 2017-18

Reuters 2018-01-14 02:25:50

Egypt has revised its GDP forecast for the 2017-18 fiscal year beginning in July up to 5.3-5.5 per cent, from 4.8 per cent previously, Planning Minister Hala al-Saeed said on Saturday. Saeed said the...

Power sector seeks Tk 46.18b more

Power sector seeks Tk 46.18b more

FHM Humayan Kabir 2018-01-13 12:00:00

Power sector has sought Tk 46.18 billion more in the revised annual development budget (RADP) as some ongoing projects on electricity generation, transmission and distribution need money beyond the al...

Forex flies out as MNCs get insured abroad illicitly

Forex flies out as MNCs get insured abroad illicitly

Jasim Uddin Haroon and Syful Islam 2018-01-13 12:00:00

Many of the multinational companies (MNCs) in Bangladesh allegedly get underwritten the risk coverage of their assets from abroad on double deception: revenue evasion and foreign-exchange siphoning....

ADB’s development financing for Asia, Pacific's growth reaches $28.9b

ADB’s development financing for Asia, Pacific's growth reaches $28.9b

-- 2018-01-13 12:00:00

Asian Development Bank (ADB) operations, comprising approvals of loans and grants, technical assistance (TA) and cofinancing, reached $28.9 billion in 2017 in its continued efforts to help meet Asia a...

CPD labels 2017 as year of banking fraud

CPD labels 2017 as year of banking fraud

-- 2018-01-13 12:00:00

Country’s leading think-tank Centre for Policy Dialogue (CPD) has highlighted the year 2017 as year of banking scam. CPD’s distinguished fellow Debapriya Bhattacharya said, "The year 2017...

FDI slightly up in Jan-Sept

FDI slightly up in Jan-Sept

FE Online Report 2018-01-13 10:40:52

Net inflow of Foreign Direct Investment (FDI) increased marginally in the first nine months of 2017, according to the latest statistics of the central bank. It showed that net inflow of FDI stood at...

Growing consumer class claims substantial loans

Growing consumer class claims substantial loans

Siddique Islam 2018-01-13 09:35:08

Consumer-credit flow grows stronger, indicating rise of the consumer class in Bangladesh, outweighing central bank's diligent drive to divert loans to productive sectors. Increasing numbers of people...

Bank Indonesia warns over cryptocurrencies

Bank Indonesia warns over cryptocurrencies

-- 2018-01-13 03:10:10

Bank Indonesia (BI) has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial...

German economy likely slowed in late 2017

German economy likely slowed in late 2017

Reuters 2018-01-13 01:38:48

German economic growth probably slowed at the end of 2017 but strong order intake and positive business expectations suggest Europe’s largest economy will continue to be robust this year, the Ec...

US core CPI rises to 0.30pc in Dec

US core CPI rises to 0.30pc in Dec

-- 2018-01-13 01:38:27

US Consumer Price Index (CPI), excluding the volatile food and energy components, rose 0.3 per cent in December amid strong gains in the cost of rental accommodation and healthcare. Economists are ho...

China to invest $5.0b in BD economic zone

China to invest $5.0b in BD economic zone

Doulot Akter Mala 2018-01-12 12:00:00

A Chinese company has moved fast to invest US$ 5.0 billion in a special economic zone of Bangladesh for establishing industries that include a massive 2640-megawatt power plant. Officials said Bangla...

Trade deficit doubles in July-November

Trade deficit doubles in July-November

 Siddique Islam 2018-01-12 11:16:33

The country's overall trade deficit nearly doubled in the first five months of this fiscal year (FY), 2017-18, following higher import payments against lower export receipts, officials said. The defi...

India economy to grow fastest in 2018-19: WB

India economy to grow fastest in 2018-19: WB

-- 2018-01-11 12:00:00

After conceding the top spot in economic growth among major economies to China for a year in 2017, India is likely to regain the position in 2018 with growth expected to accelerate to 7.3 per cent in...

Revenue collection misses mark

Revenue collection misses mark

FE Report 2018-01-11 10:09:41

Finance Minister AMA Muhith said the state of revenue collection during the past July-November period was not up to the mark. He is, however, upbeat about a change in the situation. "The collection...

Thailand's rice exports hit record 11.48 million tonnes

Thailand's rice exports hit record 11.48 million tonnes

-- 2018-01-11 03:51:39

Thailand exported a record 11.48 million tonnes of rice in 2017, the commerce ministry of the country informed. Thailand will be pursuing government-to-government deals this year with many countries,...

Banks' fund management comes under close watch

Banks' fund management comes under close watch

Siddique Islam 2018-01-10 12:00:00

Scheduled banks' fund management came under close supervision as the central bank issued Tuesday directives on wholesale borrowing (WB) and commitment for maintaining a sound asset-liability balance....

Govt eyes 1.2m manpower export this year

Govt eyes 1.2m manpower export this year

FE Report 2018-01-10 12:00:00

The government will send 1.2 million workers abroad in 2018, said expatriates' welfare and overseas employment minister Nurul Islam on Wednesday. More skilled workers will be included among them to i...

Manpower export from Ctg region rises in 2017

Manpower export from Ctg region rises in 2017

Pankaj Dastider 2018-01-10 12:00:00

Manpower export from the Chittagong region increased substantially last year to around 58,000 people, highest in recent years, thanks to necessary services to the outbound workers at home. Some 57, 7...

WB projects 6.4pc growth for current fiscal

WB projects 6.4pc growth for current fiscal

FE Online Report 2018-01-10 12:00:00

World Bank has estimated that Bangladesh economy will grow by 6.40 per cent in the current fiscal year (FY18). The multilateral lending agency came up with the growth projection in its Global Economi...

China's factory inflation slowest in 13 months

China's factory inflation slowest in 13 months

-- 2018-01-10 11:31:29

China’s producer prices rose at their slowest pace in 13 months in December, as the government’s war against winter smog dented factory demand for raw materials in a sign the world’s...