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The Financial Express

Search results for: EC

BB has ‘no data on remittance outflow’

BB has ‘no data on remittance outflow’

-- 2019-07-31 17:20:37

Bangladesh Bank does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials. Bangladesh Bank government Fazle Kabir and other deputy governo...

4,000 Rajshahi people get overseas jobs last year

4,000 Rajshahi people get overseas jobs last year

-- 2019-07-31 16:25:32

Around 4,000 people both male and female from Rajshahi district have got jobs in abroad including the Middle East countries last year. Earlier on, the people were given six-month training on general...

BB unveils cautiously accommodative monetary policy

BB unveils cautiously accommodative monetary policy

FE Online Report 2019-07-31 15:05:44

The central bank on Wednesday unveiled an accommodative but cautious monetary policy for this fiscal year (FY 2019-20) aiming to achieve maximum growth with curbing inflationary pressures on the econo...

China July factory activity falls amid tariff war

China July factory activity falls amid tariff war

-- 2019-07-31 14:25:08

The factory activity in China contracted in July for a third month amid a tariff war with US and weak domestic demand. According to a monthly index, released on Wednesday by an industry group, the Ch...

Dhaka, Ctg account for ‘90pc loans, advances’

Dhaka, Ctg account for ‘90pc loans, advances’

FE Report 2019-07-31 10:48:58

Policy makers and experts have emphasised ensuring human dignity for all through expediting financial inclusion initiatives, saying that development without human dignity as the quintessential purpose...

Bangladesh now on World Bank’s ‘Gap Country’ list

Bangladesh now on World Bank’s ‘Gap Country’ list

FHM Humayan Kabir 2019-07-31 10:06:39

A World Bank (WB) team is coming to Bangladesh next week to apprise the country of its various loan options, as the country graduated to the lower-middle-income country status few years ago, officials...

Consumer spending increases in US

Consumer spending increases in US

-- 2019-07-30 19:49:16

The US Commerce Department said consumer spending - more than two-thirds of economic activity - rose 0.3 per cent in June when a fall in car sales was offset by other spending. The personal consumpti...

Germany to provide 200m Euro for development projects

Germany to provide 200m Euro for development projects

-- 2019-07-30 19:31:07

Bangladesh and Germany on Tuesday signed two bilateral agreements on development cooperation with German assistance worth 200 million Euro (approximately Tk 18.47 billion) for various development proj...

Ethiopia ‘breaks’ tree-planting record to combat climate change

Ethiopia ‘breaks’ tree-planting record to combat climate change

-- 2019-07-30 16:53:29

Ethiopia has planted more than 350 million trees in a day, officials say, in what they believe is a world record. Prime Minister Abiy Ahmed is leading the project, which aims to counter the effects o...

Internet users in BD near 100m, official data shows

Internet users in BD near 100m, official data shows

FE Online Desk 2019-07-30 13:51:14

Internet users in Bangladesh have reached nearly 100 million at the end of June 2019, the statistics of the country's telecom regulator has showed. Of them, about 5 million new users joined in the fi...

'5.0pc tax for up to Tk 0.5m investment in savings certificates'

'5.0pc tax for up to Tk 0.5m investment in savings certificates'

FE Online Desk 2019-07-29 17:21:37

Finance Minister AHM Mustafa Kamal has said five per cent tax at source will be applicable from July for investment of up to Tk 500,000 in all types of savings certificates. “We’ll take t...

Japan cuts GDP target due to weaker exports

Japan cuts GDP target due to weaker exports

-- 2019-07-29 15:14:18

Japan has lowered its target for economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-la...

BB to unveil MPS on Wednesday

BB to unveil MPS on Wednesday

-- 2019-07-28 20:08:23

The Bangladesh Bank will unveil its monetary policy statement (MPS) for the first half of the current fiscal year (2019-20) on Wednesday. “BB Governor Fazle Kabir will unveil the MPS at 11.30am...

Industrial share of GDP to reach 40pc by 2021: Humayun

Industrial share of GDP to reach 40pc by 2021: Humayun

-- 2019-07-28 15:24:34

Industries minister Nurul Majid Mahmud Humayun today (Sunday) said contribution of industrial sector to GDP will reach 40 per cent by 2021 as the government is providing all sorts of efforts in this r...

Liquidity shortage pushes up private banks’ deposit rates

Liquidity shortage pushes up private banks’ deposit rates

Siddique Islam 2019-07-28 09:53:26

The ongoing liquidity crunch has forced many private commercial banks to raise their deposit rates, particularly that of term deposits. The hike has made the government move to lower the lending rate...

China's industrial profits fall 3.1pc in June

China's industrial profits fall 3.1pc in June

-- 2019-07-27 14:23:35

The industrial profits in China fell in June, after a brief gain the previous month, fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth. The coun...

BIDA's tax-reform recipe to NBR

BIDA's tax-reform recipe to NBR

Doulot Akter Mala 2019-07-27 09:40:39

The Bangladesh Investment Development Authority (BIDA) has requested the National Board of Revenue (NBR) to initiate some tax reforms as suggested in an action plan, prepared to help improve the count...

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

-- 2019-07-26 21:47:56

The Bangladesh Economic Zones Authority (BEZA) has allocated a total of 6,077 acres of land among the 53 business houses in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram for setting...

US economic growth lower than Trump’s target

US economic growth lower than Trump’s target

-- 2019-07-26 21:10:04

The US economy grew less than previously thought last year, missing President Donald Trump's target of 3.0 per cent. Revised official figures shows that GDP expanded by 2.5 per cent during 2018, repo...

WhatsApp to roll out payments feature this year

WhatsApp to roll out payments feature this year

-- 2019-07-26 15:17:12

WhatsApp will roll out its payments service in India this year following a year-long pilot, its global chief Will Cathcart has said, as the Facebook-owned messaging giant taps an upsurge in digital pa...

BD ICT industry grows 40pc per year: Report

BD ICT industry grows 40pc per year: Report

-- 2019-07-26 14:04:16

The ICT sector in Bangladesh has grown by 40 per cent annually since 2010, thanks to public and private sector initiatives, says a new report. Bangladesh has laid down an exemplary digital foundation...

US growth seen slowing in second quarter

US growth seen slowing in second quarter

-- 2019-07-26 12:14:23

The US economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment. The an...

$1.0t dream budget before 2034: Kamal

$1.0t dream budget before 2034: Kamal

FE Report 2019-07-26 11:28:20

Finance minister AHM Mustafa Kamal said on Thursday the size of the country's annual budget would stand at $1.0 trillion even before 2034. "Such a $1.0-trillion budget is our dream and we'll reach th...

BB raises maximum limit of US dollar for travellers

BB raises maximum limit of US dollar for travellers

FE Report 2019-07-26 11:21:38

The central bank has increased the maximum limit of cash US dollar for travellers' to $12,000 from the existing level of $5,000 and $7,000 for a calendar year. The revised limit of foreign exchange f...

WB likely to give $4.5b aid to BD in three years

WB likely to give $4.5b aid to BD in three years

FHM Humayan Kabir 2019-07-26 11:08:55

The World Bank (WB) is likely to provide some US$ 4.5 billion assistance to Bangladesh in next three years, officials said early this week. The Economic Relations Division (ERD) officials said the Wa...

‘Budget for 2034 will be of a trillion dollar’

‘Budget for 2034 will be of a trillion dollar’

-- 2019-07-25 16:40:24

Finance Minister AHM Mustafa Kamal on Thursday said that the national budget in Bangladesh for the year 2034 will reach around a trillion US dollar, reports UNB. “We’ve given over Taka Fi...

US direct investment abroad drop $62.3b in 2018

US direct investment abroad drop $62.3b in 2018

-- 2019-07-25 15:36:19

US direct investment abroad dropped at the end of last year while foreign direct investment in the United States increased, according to statistics released by the US Bureau of Economic Analysis (BEA)...

Facebook removes accounts, pages from Russia

Facebook removes accounts, pages from Russia

-- 2019-07-25 14:03:46

Facebook said on Thursday it had removed accounts from Russia, Ukraine, Thailand, Honduras, in its latest move against “coordinated inauthentic behavior.” Facebook said it was taking down...

Govt borrowing from banks more than doubled last fiscal

Govt borrowing from banks more than doubled last fiscal

Siddique Islam 2019-07-25 10:04:58

The government borrowing from the banking system more than doubled in the outgoing fiscal year (FY) to partly finance its budget deficit, officials said on Wednesday. Its borrowing from the banking s...

Samsung Galaxy Fold may launch soon

Samsung Galaxy Fold may launch soon

-- 2019-07-24 16:58:46

Now that South Korean tech giant Samsung's much-awaited foldable smartphone -- the 'Galaxy Fold' -- has passed the final round of tests with "flying colours", the company may soon announce its release...