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The Financial Express

Search results for: Economy

Thrust on stopping fake currency flow between India, BD

Thrust on stopping fake currency flow between India, BD

-- 2017-12-17 12:00:00

A joint task force has emphasised on increasing cooperation between India and Bangladesh to check flow of fake currency between the two countries.  The call was made on first day of the three-da...

Setting your financial goals for 2018

Setting your financial goals for 2018

-- 2017-12-17 12:00:00

It is almost the end of 2017 and as usual, many of us will begin to reflect and set resolutions for 2018. Some of these might look like: eat healthier, travel to Japan, learn a new language, clear th...

Amu seeks Japanese investment in automobile sector

Amu seeks Japanese investment in automobile sector

-- 2017-12-17 12:00:00

Industries Minister Amir Hossain Amu has sought more Japanese investment for setting up automobile industries in Bangladesh. "Japan can go for joint venture with the Bangladesh government in setting...

Indian govt ignored warnings over GST rollout

Indian govt ignored warnings over GST rollout

Reuters 2017-12-17 03:18:05

The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly was not ready for launch, seve...

IMF approves $79.1m loan for Mongolia

IMF approves $79.1m loan for Mongolia

-- 2017-12-16 12:07:24

The International Monetary Fund (IMF) has approved a loan of about US$79.1 million for Mongolia following two rounds of reviews of the country’s performance.  In a statement, the IMF said...

Country’s brand value  keeps on rising

Country’s brand value keeps on rising

Asjadul Kibria 2017-12-16 12:00:00

The brand value of Bangladesh as a nation has been rising gradually. This reflects the country's socio-economic vibrancy. After 46 years of the independence, Bangladesh is now 44th most valuable nati...

BD spends one-third of what WHO recommends

BD spends one-third of what WHO recommends

Kamrun Nahar 2017-12-16 12:00:00

Bangladesh still has a per-capita health expenditure of US$ 37 which is one-third of the World Health Organisation (WHO)-recommended $ 85-112, experts said. Earlier, the recommended expenditure was $...

Proposal to float separate procurement division faces opposition

Proposal to float separate procurement division faces opposition

Rezaul Karim 2017-12-16 12:00:00

The planning minister disagrees on a proposal made by the finance minister for creating a separate division to do government procurement activities, which usually involve billions of funds, officials...

Catalan crisis hurts Spain’s economy

Catalan crisis hurts Spain’s economy

Reuters 2017-12-16 01:22:33

Political uncertainty in Catalonia has dented expectations for growth in Spain’s economy, the country’s central bank said on Friday, as voters in the region gear up for an election that pr...

WB to make developing cities climate change resilient

WB to make developing cities climate change resilient

-- 2017-12-15 08:48:42

The World Bank (WB) is set to give $4.5 billion in loans and technical support to cash-short cities trying to protect themselves from climate change. Over the next three years, the scheme aims to hel...

Import orders scale all-time high of $16.10b

Import orders scale all-time high of $16.10b

Siddique Islam 2017-12-15 02:58:42

The country's overall import orders recorded an all-time high of US$ 16.10 billion in November while letter of credit (LC) of a large amount was opened for setting up Rooppur Nuclear Power Plant (NPP)...

Brazil raises growth forecast

Brazil raises growth forecast

-- 2017-12-15 01:21:31

Brazil raised its predictions of economic growth for 2017 from 0.5 per cent to 1.1 per cent, Finance Minister Henrique Meirelles said on Thursday. "The GDP fell sharply in 2016 and is rising signific...

UN projects 7.1pc growth for BD this year

UN projects 7.1pc growth for BD this year

FE Online Report 2017-12-14 12:00:00

The United Nations has projected that Bangladesh economy will grow by 7.1 per cent in the current fiscal year (FY18). On top of it, the organisation also projected that the economy would rise further...

ADB okays $100m more for microfinance programme

ADB okays $100m more for microfinance programme

-- 2017-12-14 12:00:00

The Asian Development Bank (ADB) has approved an additional $100 million for an existing microfinance risk participation and guarantee programme. The programme has been supporting growth and em...

Dutch organisation to ensure RMG workers' health

Dutch organisation to ensure RMG workers' health

-- 2017-12-14 12:00:00

A development organisation of Netherlands is set to help in improving health and well-being of RMG workers in Bangladesh. To this end, partnership agreements were signed between SNV Netherlands Devel...

US Fed raises interest rates

US Fed raises interest rates

Reuters 2017-12-14 11:47:10

The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in US economic growth from the Trump ad...

ADB keeps BD's growth projection unchanged

ADB keeps BD's growth projection unchanged

FE Report 2017-12-14 03:17:46

The Asian Development Bank (ADB) in its latest outlook supplement repeated its pared-down growth projection at 6.9 per cent for Bangladesh in the current fiscal year. In September last, the Bank in i...

New economic corridor 'can make $150b output by 2050'

New economic corridor 'can make $150b output by 2050'

FE Report 2017-12-13 12:00:00

The proposed South-west Bangladesh Economic Corridor (SWBEC) may help generate up to US$ 150 billion of economic output by 2050, if implemented in a well-coordinated manner, the Asian Development Bank...

Disease-resistant potato to save farmers Tk 1.0b

Disease-resistant potato to save farmers Tk 1.0b

-- 2017-12-13 12:00:00

Farmers in Bangladesh grow about 10 million tonnes of potato every year.  The amount produced well surpasses the domestic demand, while the surplus are exported to 20 countries.  But to sa...

Direct green finance by banks, FIs is only 5.88pc: Report

Direct green finance by banks, FIs is only 5.88pc: Report

FE Online Report 2017-12-13 12:00:00

Direct green finance makes up only 5.88 per cent of the green finance of the banks and financial institutions (FIs) in the country, according to the latest review report of the central bank. The late...

BD now model of workplace safety: ILO chief

BD now model of workplace safety: ILO chief

FE Online Report 2017-12-13 12:00:00

Outgoing ILO country director Srinivas B Reddy has said that many countries are now trying to replicate the Bangladesh model of workplace safety. He made the remarks while talking to a select group o...

BD to construct multipurpose terminal under 3rd Indian LoC

BD to construct multipurpose terminal under 3rd Indian LoC

FHM Humayan Kabir 2017-12-13 09:39:23

The government will construct a multipurpose terminal with Indian Line of Credit (LoC) aiming to start commercial operation of Payra port by 2022, officials said Monday. The Indian government from it...

Bangladesh, France win-win investment partners: PM

Bangladesh, France win-win investment partners: PM

-- 2017-12-13 05:35:40

Prime Minister Sheikh Hasina has said China businessmen can enjoy a win-win partnership with Bangladeshi ones through investing in Bangladesh. The Prime Minister made the remarks while speaking at th...

CBI keeps key interest rate unchanged

CBI keeps key interest rate unchanged

-- 2017-12-13 04:31:25

The Central Bank of Iceland (CBI) has kept its key deposit rate unchanged at 4.25 per cent after a meeting on Wednesday. The central bank officials said that they expected higher economic growth th...

RMG bags most of Tk 348b import-tax waiver

RMG bags most of Tk 348b import-tax waiver

Doulot Akter Mala 2017-12-12 12:00:00

Country's export industries enjoyed import-tax benefit worth Tk 348 billion through special bonded warehouse (SBW) facility alone last fiscal year, and RMG took almost all. Such a finding came in a s...

Manila bank now accusing BD authority of heist cover-up!

Manila bank now accusing BD authority of heist cover-up!

-- 2017-12-12 12:00:00

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence an...

BD’s rice output may drop this year: FAO

BD’s rice output may drop this year: FAO

FE Online Report 2017-12-12 12:00:00

Production of rice in Bangladesh may decline marginally this year mainly due to negative impact of flood, according to the latest forecast of the Food and Agriculture Organisation (FAO) of the United...

Muhith calls for more ADB fund

Muhith calls for more ADB fund

FE Online Report 2017-12-12 12:00:00

Finance Minister AMA Muhith requested the Asian Development Bank (ADB) to extend its support to assist Bangladesh’s effort to be a developed country. “You (ADB) should come forward with...

Cambodia's RMG export growth to slow next year: GMAC

Cambodia's RMG export growth to slow next year: GMAC

-- 2017-12-12 12:00:00

The Garment Manufacturers Association of Cambodia (GMAC) said that the growth of the Southeast Asian country’s garment industry will slow down next year. Concerns about the impact of next year&...

India's garment imports from Bangladesh up 56pc

India's garment imports from Bangladesh up 56pc

-- 2017-12-12 12:00:00

India has imported $87.4 million worth of readymade garments from Bangladesh during July-November 2017. According to the data released by Export Promotion Bureau of Bangladesh, it is a 56 per cent ri...