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The Financial Express

Search results for: Economy

Qatar's hiring of Bangladeshis softens as crisis lingers

Qatar's hiring of Bangladeshis softens as crisis lingers

Arafat Ara 2017-11-04 09:42:52

The outflow of Bangladeshi workers to Qatar has fallen sharply in recent months in the aftermath of unrest exacerbated by sanction on it by Saudi Arabia and allies. Sector-insiders said although the...

Bangladesh to get $457m loan from WB

Bangladesh to get $457m loan from WB

-- 2017-11-04 06:41:14

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

Canada exports, imports drop in Sept

Canada exports, imports drop in Sept

-- 2017-11-04 03:29:29

Canada’s imports and exports dropped for the fourth consecutive month in September, resulting the trade deficit remained at C$3.18 billion ($2.48 billion), according to Statistics Canada data....

US trade gap edges up in Sept

US trade gap edges up in Sept

-- 2017-11-04 03:19:50

The US trade deficit widened slightly more than expected in September as rising exports of goods and services were offset by a jump in imports. The Commerce Department said on Friday the trade gap in...

US unemployment rate falls to 17-year low

US unemployment rate falls to 17-year low

-- 2017-11-04 03:10:58

US unemployment fell to its lowest level in nearly 17 years in October, according to data released on Sunday, which President Donald Trump said was proof his policies were bearing fruit. Job creation...

Int'l workshop on revival of waqf begins Saturday

Int'l workshop on revival of waqf begins Saturday

FE Online Desk 2017-11-03 12:07:53

A two-day international workshop on `Revival of Waqf for Socio Economic Development’ jointly organised by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Banglad...

Hard bargain holds back another mega PPP project

Hard bargain holds back another mega PPP project

FHM Humayan Kabir 2017-11-03 12:00:00

A hard bargain by a foreign donor held back Bangladesh's another public- private partnership (PPP) project as it made the funding of Dhaka Bypass conditional to government counter-guarantee. The proj...

US job growth likely to rebound in Oct

US job growth likely to rebound in Oct

-- 2017-11-03 02:57:27

US job growth likely rebounded sharply in October after hurricane-related disruptions depressed employment in September, in a move that could seal the case for an interest rate increase from the Feder...

Army may get new metro rail project

Army may get new metro rail project

Munima Sultana 2017-11-03 02:46:31

Bangladesh Army is likely to be engaged in a new metro rail development project in the city's corridor as per a recommendation made in 20-year transport plan. Though the Army has no experience in imp...

Fed keeps rates unchanged

Fed keeps rates unchanged

-- 2017-11-02 12:31:06

The Federal Reserve kept its interest rates steady on Wednesday and pointed to solid US economic growth and a strengthening labour market while playing down the impact of recent hurricanes, a sign it...

BB maintains firm stance against digital hundi

BB maintains firm stance against digital hundi

-- 2017-11-02 12:00:00

Bangladesh Bank (BB) continues to maintain its strict position to stop digital hundi in order to enhance remittance inflow through mobile financial service, such as mobile banking. "The inflow of re...

Banks lack skilled workers in ICT: BIBM

Banks lack skilled workers in ICT: BIBM

-- 2017-11-02 07:52:20

A research of Bangladesh Institute of Bank Management (BIBM) Thursday said 80 per cent banks in the country do not have enough skilled and efficient manpower in the ICT section to face any accidents.A...

Bank of England hikes interest rates

Bank of England hikes interest rates

-- 2017-11-02 07:04:35

Bank of England raised interest rates for the first time in over a decade despite the fact that wages are growing weakly in the UK and the country faces the growing threat of a disastrous ‘no de...

BD focuses on $1b trade with Vietnam

BD focuses on $1b trade with Vietnam

-- 2017-11-02 05:48:06

Bangladesh Ambassador to Vietnam Samina Naz has met Vietnam Prime Minister Nguyen Xuan Phuc and emphasised taking bilateral trade to US$ 1 billion by tapping newer potentials that the two countries ma...

CAB to organise meeting aiming reducing power tariff

CAB to organise meeting aiming reducing power tariff

FE Online Desk 2017-11-01 12:00:00

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...

Tax fair begins targeting Tk 30b revenue

Tax fair begins targeting Tk 30b revenue

-- 2017-11-01 12:00:00

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

BD implements 41pc of global TF measures

BD implements 41pc of global TF measures

FE Online Report 2017-11-01 12:00:00

Bangladesh has so far implemented around 41 per cent of the 31 common global trade facilitation (TF) measures to reduce trade cost. The revelation was made public on Wednesday in a report on the Seco...

BB cuts lending rate for FSSP fund

BB cuts lending rate for FSSP fund

-- 2017-11-01 12:00:00

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Mexico economy likely shrank in Q3

Mexico economy likely shrank in Q3

-- 2017-11-01 11:02:56

Mexico’s economy likely shrank for the first time in more than four years during the third quarter (Q3), after the country was battered by earthquakes and hurricanes in September. Gross Domesti...

America’s Chevron comes first under taxmen’s file search

America’s Chevron comes first under taxmen’s file search

 Doulot Akter Mala 2017-11-01 09:35:55

Taxmen started checking payroll status of foreign workers in Bangladesh through visiting corporate taxpayers' offices, and an oil giant came first under the probe. A taskforce team of the National B...

Muhith wants ICT use for region’s development

Muhith wants ICT use for region’s development

-- 2017-11-01 08:01:30

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...

China- ESCAP to strengthen PPP in Asia-Pacific

China- ESCAP to strengthen PPP in Asia-Pacific

FE Online Report 2017-11-01 02:31:01

China and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have signed a new agreement to strengthen Public Private Partnership (PPP) in the region. They inked the d...

ICC-B chief for private sector's  working with int'l bodies, govts

ICC-B chief for private sector's working with int'l bodies, govts

FE Report 2017-11-01 01:32:09

The 13th meeting of ESCAP Business Advisory Council (EBAC) in progress in Bangkok on Monday, presided over by EBAC Chairman Mr. Mahbubur Rahman (2nd from left). Also seen in the picture (from L-R) are...

Bangladesh Bank urges banks to act cautiously

Bangladesh Bank urges banks to act cautiously

FE Report 2017-10-31 12:00:00

The Bangladesh Bank (BB) has advised the commercial banks to act cautiously, particularly in operating their offshore banking units (OBUs), to avert possible exchange rate risk in future. The banks,...

BD export earnings may slow down: UNESCAP

BD export earnings may slow down: UNESCAP

FE Online Report 2017-10-31 12:00:00

Growth of earnings from the merchandise export in Bangladesh may slow down in the next year, according to the latest forecast of the United Nations Economic and Social Commission for Asia and the Paci...

Maiden railway carriage plant in the making

Maiden railway carriage plant in the making

FHM Humayan Kabir 2017-10-31 12:00:00

Bangladesh's maiden railway carriage-production plant is going to be established at Syedpur hub to meet a growing demand of the popular mass transport, now up for expansion. Officials said Monday the...

Tk 17.30b project for rural bazaar dev

Tk 17.30b project for rural bazaar dev

-- 2017-10-31 12:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved the 'Development of infrastructures of countrywide rural bazaars' involving an estimated cost of Tk 17.30 billion. Under...

BD 177th in ease of doing business ranking

BD 177th in ease of doing business ranking

FE Online Report 2017-10-31 12:00:00

Bangladesh has been ranked 177th among 190 economies across the world in the latest tally of ease of doing business, prepared by The World Bank. The report shows the country actually slipped one step...

Thrust on infrastructure development to attract FDI

Thrust on infrastructure development to attract FDI

-- 2017-10-31 12:00:00

Experts at a discussion in Dhaka have said infrastructure development is urgently needed to invite foreign investment to Bangladesh. They said if it could be ensured, more foreign investors will show...

Brexit 'jeopardises' 75,000 UK jobs

Brexit 'jeopardises' 75,000 UK jobs

BBC 2017-10-31 10:37:15

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. I understand senior figures at the Bank are using the nu...