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The Financial Express

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Three US economists win Nobel for research on banks and financial crises

Three US economists win Nobel for research on banks and financial crises

-- 2022-10-10 16:18:10

Three US-based economists -- Ben Bernanke, Douglas Diamond and Philip Dybvig -- won the 2022 Nobel Economics Prize "for research on banks and financial crises", the Royal Swedish Academy of Sciences s...

Apple's wireless earphones will be manufactured in India

Apple's wireless earphones will be manufactured in India

-- 2022-10-10 16:09:29

India’s Ministry of Electronics and Information Technology has said Apple Inc's wireless earphones AirPods will be manufactured in India. Reuters gave the information in a report on Monday quot...

Thailand economic recovery supported by return of tourism -Finance Minister

Thailand economic recovery supported by return of tourism -Finance Minister

REUTERS 2022-10-10 15:01:36

Thailand's economic recovery will not be affected by a global slowdown due to a rebound in tourism, Finance Minister Arkhom Termpittayapaisith told reporters on Monday. "Our economy depends on touris...

Job opportunity at Banglalink as Core Specialist Engineer

Job opportunity at Banglalink as Core Specialist Engineer

FE Online 2022-10-10 14:35:46

Banglalink is one of the leading telecommunications companies in the country. It is a subsidiary of VEON Ltd, a Netherlands based company. Banglalink’s subscriber base exceeds 33 million users....

Bangladesh's machinery import plans weighed down by economic jitters

Bangladesh's machinery import plans weighed down by economic jitters

-- 2022-10-10 14:07:19

In the face of a volatile foreign exchange market, the tightening of import controls has put the brakes on the opening of letters of credit to ship in goods from abroad at the start of the fiscal year...

India's RBI sells dollars as rupee hits record low on US rate hike woes

India's RBI sells dollars as rupee hits record low on US rate hike woes

-- 2022-10-10 11:04:54

The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes, Reuter...

‘Few political parties spreading confusion over Critical Information Infrastructure’

‘Few political parties spreading confusion over Critical Information Infrastructure’

-- 2022-10-09 20:50:42

ICT Division of the government of Bangladesh has said a few political parties and organisations are out to spread confusion making fabricated comments over Critical Information Infrastructure (CII)....

Taiwan signals its chip firms will follow new US rules on China

Taiwan signals its chip firms will follow new US rules on China

-- 2022-10-09 17:38:09

Taiwanese semiconductor companies attach "great importance" to complying with the law, the island's government said on Saturday, signalling they would comply with new US export controls that aim to ho...

Bangladesh set to adopt $230bn plan to mitigate impacts of climate change

Bangladesh set to adopt $230bn plan to mitigate impacts of climate change

-- 2022-10-09 15:09:08

The Ministry of Environment, Forest and Climate Change is set to adopt a plan to spend $230 billion over the next 27 years in an effort to save Bangladesh from the impacts of climate change, bdnews24....

New BB tools to assess banks' strengths

New BB tools to assess banks' strengths

JASIM UDDIN HAROON AND REZAUL KARIM 2022-10-09 08:40:05

The central bank is preparing a stress-testing mechanism that would help the banks better understand their financial strengths in the events of any macroeconomic shock in the country. It has taken...

AIIB emerges as one of BD's major dev financiers

AIIB emerges as one of BD's major dev financiers

FHM HUMAYAN KABIR 2022-10-09 08:32:59

The newcomer Asian Infrastructure Investment Bank (AIIB) has emerged as one of the important multilateral institutions contributing to the Bangladesh's development efforts, as the latter is now the...

Ukraine seeks to rebuild economy with defiant small businesses

Ukraine seeks to rebuild economy with defiant small businesses

-- 2022-10-08 15:46:19

Victoriia Maslova abandoned her herbal cosmetics factory in the Ukrainian town of Bucha on the first day of Russia's invasion of the country, fleeing to Poland with her mother and three younger brothe...

India to launch digital rupee on pilot basis for limited use

India to launch digital rupee on pilot basis for limited use

-- 2022-10-08 15:42:09

The Reserve Bank of India will soon commence limited pilot launches of a central bank-backed digital rupee for specific use cases, it said in a concept paper released on Friday. According to Reuters,...

Will repo rate hikes help tame inflation in Bangladesh?

Will repo rate hikes help tame inflation in Bangladesh?

FE ONLINE DESK 2022-10-08 10:34:53

The central bank has hiked the key interest rate three times in four months, but inflation continues to spiral, putting additional strain on household budgets Bangladesh Bank has raised its key polic...

BD to urge IMF to speed up $4.5b loan

BD to urge IMF to speed up $4.5b loan

FHM HUMAYAN KABIR 2022-10-08 08:43:28

Bangladesh is likely to request the International Monetary Fund (IMF) to expedite confirmation of its US$4.5 billion loan, assured for disbursement in next three years, officials said on Friday. A Ba...

Malaysia announces tighter 2023 budget as it warns of slowing growth

Malaysia announces tighter 2023 budget as it warns of slowing growth

REUTERS 2022-10-07 14:55:42

Malaysia on Friday unveiled a smaller budget for 2023, prioritising fiscal discipline over expectations of populist measures, as it warned of a slowdown in the economy from rising global risks. Prime...

Indonesia's forex reserves drop to $130.8b at end-September

Indonesia's forex reserves drop to $130.8b at end-September

-- 2022-10-07 11:41:51

Indonesia's foreign exchange reserves fell by $1.4 billion last month to $130.8 billion due to payments of foreign debt and the central bank's effort to stabilise the rupiah currency, Bank Indonesia (...

No peace for India's rupee as mighty dollar thunders on: Poll

No peace for India's rupee as mighty dollar thunders on: Poll

-- 2022-10-07 10:56:43

India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive US Federal Reserve rate-hiking campaign, according to a Reut...

Twitter lawsuit halted so Elon Musk can close deal by Oct. 28

Twitter lawsuit halted so Elon Musk can close deal by Oct. 28

REUTERS 2022-10-07 09:45:04

A Delaware judge on Thursday ordered a halt to Twitter Inc's lawsuit against Elon Musk on the eve of trial, giving the billionaire time to finance his $44 billion takeover of the social media platform...

SDGs seen not on track amid current geopolitics

SDGs seen not on track amid current geopolitics

FE REPORT 2022-10-07 08:32:08

Achieving SDG goals for Bangladesh and other developing countries is quite uncertain under the current state of economy and geopolitical situation, development experts told a seminar on Thursday. T...

Bangladesh may see slower GDP growth at 6.1pc

Bangladesh may see slower GDP growth at 6.1pc

FE REPORT 2022-10-07 08:27:42

Bangladesh may see slower economic growth at 6.1 per cent in the current fiscal year, the World Bank says in a downbeat update citing umpteen adversities inside and abroad. The latest forecast growth...

WB lowers Bangladesh's growth forecast as global shocks spread

WB lowers Bangladesh's growth forecast as global shocks spread

-- 2022-10-06 19:51:17

The World Bank has lowered its forecast for Bangladesh’s economic growth for fiscal 2022-23 by a 0.6 percentage point to 6.1 per cent. While economic distress is weighing down all South Asian c...

Achieving SDG uncertain with current state of economy

Achieving SDG uncertain with current state of economy

FE ONLINE REPORT 2022-10-06 18:32:35

Achieving SDG goals for Bangladesh and other developing countries is quite uncertain given the present state of the economy and geopolitical situation said speakers at a seminar on Thursday. They als...

World Bank cuts India's growth forecast to 6.5pc for 2022/23

World Bank cuts India's growth forecast to 6.5pc for 2022/23

-- 2022-10-06 17:54:33

The World Bank on Thursday slashed its growth forecast for India to 6.5 per cent year-on-year for 2022/23, from an earlier estimate of 7.5 per cent, while warning that spillovers from the Russia-...

Forex market may be more volatile unless reforms are done

Forex market may be more volatile unless reforms are done

-- 2022-10-06 15:40:26

Despite Bangladesh Bank's measures to rein in forex spending, the crisis of the US dollar drags on without any hint of ending anytime soon, said experts. Recent fall in inward remittances, earnings f...

Inflation down marginally from a decade high

Inflation down marginally from a decade high

FHM HUMAYAN KABIR 2022-10-06 09:01:51

Soaring inflation descended to 9.1 per cent in September from a decade-high 9.8 per cent in August by official count, under sobering impact of slowly improving global supply system. Planning Minister...

‘World unlikely to meet goal of ending extreme poverty by 2030’

‘World unlikely to meet goal of ending extreme poverty by 2030’

-- 2022-10-05 20:10:42

The world is unlikely to meet a longstanding goal of ending extreme poverty by 2030 due to shocks related to the COVID-19 pandemic and the Russia-Ukraine war, the World Bank said in a new report relea...

Apple asks suppliers to shift some AirPods production to India

Apple asks suppliers to shift some AirPods production to India

-- 2022-10-05 17:35:26

Apple Inc is asking its suppliers to move some AirPods and Beats headphone production to India for the first time, reports Reuters on Wednesday citing Nikkei, in what could be an another win for...

World Bank sees weak growth in 2023 for eastern Europe, central Asia

World Bank sees weak growth in 2023 for eastern Europe, central Asia

-- 2022-10-05 15:05:51

The World Bank said on Tuesday that countries in eastern Europe and Central Asia will return to weak growth in 2023, but warned that a cut-off of Russian energy to the European Union would tip them in...

Singapore likely to tighten monetary policy

Singapore likely to tighten monetary policy

-- 2022-10-05 13:08:15

Singapore is likely to tighten monetary policy this month, the fifth time in a row, amid persistent inflation in the Asian financial hub due to global supply chain disruptions and a tight labour marke...