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The Financial Express

Search results for: EC

Forex reserve slips below $32b

Forex reserve slips below $32b

Siddique Islam 2018-03-09 11:08:01

Country's foreign exchange reserves slipped below US$ 32 billion after more than two months due to highest-ever import payments settled bi-monthly with Asian Clearing Union (ACU). It paid $1.56 bil...

BD state-owned banks prone to sizeable liability risk: Moody's

BD state-owned banks prone to sizeable liability risk: Moody's

-- 2018-03-09 09:50:12

Bangladesh's banking sector risk has been assessed as 'moderate' by the international credit rating agency Moody's, which said it reflects sizeable contingent liability risks from state-owned banks....

IMF for market-based pricing of savings tools

IMF for market-based pricing of savings tools

FE Report 2018-03-09 09:29:01

The visiting International Monetary Fund (IMF) mission suggested tighter eligibility criteria and move towards market-based pricing to reduce reliance on national savings certificates, help strengthen...

NASA spacecraft strips Jupiter down to its underwear

NASA spacecraft strips Jupiter down to its underwear

-- 2018-03-08 20:55:39

The interior of Jupiter is just as intriguing as the planet's dazzling surface, with a swirling mixture of liquid hydrogen and helium at its centre, vast atmospheric jet streams and exotic gravitation...

Google Maps now promotes women-led businesses

Google Maps now promotes women-led businesses

-- 2018-03-08 12:58:27

Businesses can now describe themselves in Google Maps listings as being owned, led or founded by women, the American multinational conglomerate Alphabet Inc unit announced Wednesday. The feature woul...

Euro zone economy sees strong growth at last year’s end

Euro zone economy sees strong growth at last year’s end

-- 2018-03-08 11:48:26

The euro zone economy grew by 0.6 per cent in the final quarter of last year, European statistics agency Eurostat confirmed on Wednesday, ensuring that the single currency bloc expanded at its fastest...

Chinese co set to win 48km Dhaka bypass road project

Chinese co set to win 48km Dhaka bypass road project

FE Report 2018-03-08 10:40:21

Roads and Highways Department (RHD) has finally selected a Chinese joint venture company for construction of Dhaka bypass road under public private partnership (PPP) initiative. Sources said the comp...

Economist sees jute as next growth driver

Economist sees jute as next growth driver

FE Report 2018-03-08 10:30:54

Proper policy support and adjustment of fiscal burden could help the jute sector become one of the important economic growth drivers of the country, said economist Dr Hossain Zillur Rahman on Wednesda...

NBR sets all wings to combat money laundering

NBR sets all wings to combat money laundering

Doulot Akter Mala 2018-03-08 09:24:27

Watchdogs of all wings of the National Board of Revenue (NBR) are now set to sniff out money-laundering offences, as limited probe authority proved insufficient. Officials said the revenue board now...

Jute production witnessed 8.0pc rise in 2017

Jute production witnessed 8.0pc rise in 2017

-- 2018-03-07 21:46:08

Jute production witnessed 8 per cent increase in 2017 comparing previous year, said State Minister for Textiles and Jute Mirza Azam The state minister informed that farmers produced 9.2 million bales...

Moves underway to create 28,000 women entrepreneurs in next five yrs

Moves underway to create 28,000 women entrepreneurs in next five yrs

-- 2018-03-07 20:34:30

Over 28,000 new women entrepreneurs will be created across the country in the next five years in a bid to make them self-employed, according to an official document. The document on the Prime Ministe...

More female workforce means higher GDP: Studies

More female workforce means higher GDP: Studies

FE Online Desk 2018-03-07 15:47:55

More female workforce participation in a country corresponds with higher GDP, as does greater gender equality overall, a growing body of research suggest. And a crucial element of this is boosting fi...

US economy's ‘headwinds shifting to tailwinds’

US economy's ‘headwinds shifting to tailwinds’

-- 2018-03-07 11:50:04

Things are looking up for a US economy that struggled in recent years to boost growth and inflation, so the Federal Reserve should expect to gradually raise interest rates, an influential Fed governor...

BlackBerry sues Facebook, WhatsApp, Instagram

BlackBerry sues Facebook, WhatsApp, Instagram

-- 2018-03-07 11:02:23

Canadian multinational company BlackBerry Ltd on Tuesday filed a patent infringement lawsuit against Facebook Inc and its WhatsApp and Instagram apps, arguing that they copied technology and features...

China 'fully  confident' about fending off systemic debt risks

China 'fully confident' about fending off systemic debt risks

-- 2018-03-07 10:35:00

China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, Finance Minister Xiao Jie said on Wednesday. China will r...

July-Jan revenue shortfall Tk 148b

July-Jan revenue shortfall Tk 148b

Doulot Akter Mala 2018-03-07 09:33:18

Government's tax-revenue collection suffered about a Tk 148-billion shortfall until January of this fiscal year against its target mainly for slow-paced reform to expand the tax net, sources said....

NEC downsizes annual development programme fund

NEC downsizes annual development programme fund

-- 2018-03-06 21:30:12

The National Economic Council (NEC) has approved a Tk 1,576 billion Revised Annual Development Programme (RADP), including organisations' own funds, for the current fiscal year (FY18) downsizing the o...

ADP implementation rate rises, expenditure doubles in three years

ADP implementation rate rises, expenditure doubles in three years

-- 2018-03-06 18:47:50

The implementation rate of the Annual Development Programme (ADP) during the July-February period of the current fiscal (FY18) marked a slight rise compared to that of the corresponding period in the...

Kuwait bans visas only for domestic helps: Shahriar

Kuwait bans visas only for domestic helps: Shahriar

-- 2018-03-06 18:19:44

Kuwait’s ban on recruiting Bangladeshi has no impact on overall work visas as it is applicable only for house helps. State Minister for Foreign Affairs Shahriar Alam revealed the information on...

RBA holds interest rates

RBA holds interest rates

-- 2018-03-06 15:14:18

The Reserve Bank of Australia (RBA) has left interest rates at record lows, as expected, and sounded less confident that the country’s economy would grow at 3.0 per cent or more this year. Th...

Edison Power, Hera Sweaters ink deal

Edison Power, Hera Sweaters ink deal

FE Online Desk 2018-03-06 13:16:46

An agreement signing ceremony between Edison Power Bangladesh Ltd (EPBL) and Hera Sweaters Limited (HSL) was held recently at Edison Group Head Office, Tejgaon Industrial Area for procurement of Bus B...

Facebook hires former BuzzFeed, Pinterest executives for video content

Facebook hires former BuzzFeed, Pinterest executives for video content

-- 2018-03-06 11:58:31

Social media giant Facebook Inc hired the former head of BuzzFeed Studios to lead its global video content and a former Pinterest executive as in charge of its video content platform Facebook Watch, t...

China sets 6.5pc GDP growth target for 2018

China sets 6.5pc GDP growth target for 2018

Ismail Hossain from Beijing 2018-03-06 10:43:54

China set its gross domestic product (GDP) growth target at 6.5 per cent on Monday for the year 2018, slower than 6.9 per cent achieved by the world's second largest economy last year. The fiscal def...

Deposit rates in reverse course as liquidity problem deepens

Deposit rates in reverse course as liquidity problem deepens

Siddique Islam 2018-03-06 09:35:22

The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall depo...

BEZA gets $17b investment commitment in 7 months

BEZA gets $17b investment commitment in 7 months

-- 2018-03-05 19:56:17

The Bangladesh Economic Zones Authority (BEZA) received investment commitment of $17 billion, including $8 billion as FDI, in last seven months. Executive Chairman of(BEZA) Paban Chowdhury came up wi...

Bangladesh, Vietnam to tap bilateral potentials for economy

Bangladesh, Vietnam to tap bilateral potentials for economy

-- 2018-03-05 18:38:00

Bangladesh and Vietnam agreed to explore the potentials of the geographical location, natural resources and prospective labour market of the two countries for mutual benefits.     Pres...

Thrust on stronger credit risk management

Thrust on stronger credit risk management

FE Online Report 2018-03-05 18:07:00

Experts have called for a stronger Credit Risk Management (CRM) aimed at reducing credit risks of the country's banking system by nearly 88 per cent. Moreover, an efficient risk management system c...

Kuwait imposes ban on recruiting Bangladeshi workers again

Kuwait imposes ban on recruiting Bangladeshi workers again

-- 2018-03-05 16:50:51

Kuwait has reinstated a ban on recruiting Bangladeshi workers following reports of some irregularities in recruitment and involvement in illegal activities. The northern Arabian Gulf state's Interior...

Google expansion plans may turn NYC into tech hub

Google expansion plans may turn NYC into tech hub

-- 2018-03-05 14:40:32

As New York City waits to hear whether it’s been chosen as the site for Amazon’s second headquarters, recent moves by another tech giant, Google, to expand its footprint in the city are he...

China increases defence spending by 8.1pc

China increases defence spending by 8.1pc

-- 2018-03-05 13:30:27

China has increased its defence budget by 8.1 per cent for 2018, largest rise in three years, fuelling the country’s ambitious military modernisation programme amid rising security concerns. Th...