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The Financial Express

Search results for: Economy

DTCA amending metro law to suit subway construction

DTCA amending metro law to suit subway construction

Munima Sultana 2017-10-31 10:09:47

Within over two years of enactment, the Mass Rapid Transit (MRT) Act is being amended to suit construction of subway as government high-ups want the high-speed train lines installed underground. Offi...

PM urges businesses to look  at South, SE Asian markets

PM urges businesses to look at South, SE Asian markets

-- 2017-10-30 12:51:13

Prime Minister Sheikh Hasina has said her government is encouraging the businesspeople to make more investment for further development of the country. She said South Asia as a whole is a big market....

Development fair kicks off

Development fair kicks off

-- 2017-10-30 12:50:18

A six-day 'Development Fair' of Palli Karma Sahayak Foundation's (PKSF) kicked off in Dhaka on Sunday in a bid to help expand market for products produced at marginal level by the people involved with...

US anti-dumping duties on Chinese  aluminium foil anger Beijing

US anti-dumping duties on Chinese aluminium foil anger Beijing

-- 2017-10-30 12:48:55

BEIJING, Oct 29 (Reuters): China said it was 'strongly dissatisfied' with the US decision to impose anti-dumping duties ranging from 97 per cent to 162 per cent on Chinese aluminium foil, urging Washi...

Farmers face economic crisis  due to sharp price fall

Farmers face economic crisis due to sharp price fall

Rafiqul Islam 2017-10-30 12:47:45

KHULNA, Oct 29: Prices of shrimp (galda) have been declined around 50 per cent in the international market. Exporters are also experiencing internal problems. As a result, they are trying to recover t...

Top US delegation to visit Myanmar, Bangladesh

Top US delegation to visit Myanmar, Bangladesh

FE Online Desk 2017-10-30 12:00:00

A top US delegation is going to visit Myanmar and Bangladesh to resolve the Rohingya crisis stemming from the persistent persecution of them in the former's western Rakhine state. Acting Assistant S...

Bernicat asks BD to remove trade-related barriers

Bernicat asks BD to remove trade-related barriers

-- 2017-10-30 12:00:00

US ambassador in Dhaka Marcia Stephens Bloom Bernicat has said that Bangladesh needs to take steps for removal of some major barriers in a bid to attract foreign direct investment (FDI). In this rega...

BB, banks review cheaper forex loan situation

BB, banks review cheaper forex loan situation

Siddique Islam 2017-10-30 12:00:00

The central bank is scheduled to meet top executives of 29 commercial banks today to review the credit exposure of offshore banking units (OBUs) of the banks as well as the overall credit and deposit...

Govt warns FIs of cyber espionage

Govt warns FIs of cyber espionage

-- 2017-10-30 12:00:00

The country’s all financial institutions (FIs) have been asked to take preventive measures in a bid to secure their online activities including financial transaction. The government instruction...

Dhaka, Beijing ink SPM loan deal

Dhaka, Beijing ink SPM loan deal

FE Report 2017-10-30 10:40:54

State minister for Power, Energy and Mineral Resources Nasrul Hamid sought Chinese assistance to implement the power and energy projects for boosting the country's economy. "Bangladesh currently requ...

EZ industries to pay duty, taxes on imports for selling goods locally

EZ industries to pay duty, taxes on imports for selling goods locally

Doulot Akter Mala 2017-10-30 09:54:55

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industri...

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

-- 2017-10-30 04:26:20

Sub-Saharan African economic growth is expected to rise to 3.4 per cent in next year from 2.6 per cent in 2017, International Monetary Fund (IMF) said in a report on Monday. The IMF warned that risin...

Most land customs stations prove do-nothings

Most land customs stations prove do-nothings

Doulot Akter Mala 2017-10-29 12:00:00

Nearly 80 per cent of the country's land customs stations currently lie as do-nothings for lack of export-import operations, in a sheer waste of public money, sources said. The number of active Land...

Seven Rings Cement honours 15 govt entities

Seven Rings Cement honours 15 govt entities

FE Online Desk 2017-10-29 12:00:00

Seven Rings Cement, a sister concern of Hong Kong-based Shun Shing Group International Ltd. (SSGIL) recently arranged a programme titled “Tribute to Nation Builders” at Radission Blue Dhak...

Bangladesh-India opens new sea route

Bangladesh-India opens new sea route

-- 2017-10-29 12:00:00

A new sea route between Bangladesh and India was inaugurated on Saturday, by sailing a RORO ship carrying 185 trucks from Chennai Port to Mongla Port.   India’s Minister of Shipping,...

Mannan hints at reforming business policy

Mannan hints at reforming business policy

-- 2017-10-29 12:00:00

State Minister for Finance and Planning MA Mannan has termed the Bangladesh economy a private sector-led one and said the business policy will be reformed following consultations with the stakeholders...

Focus on framework to boost private sector

Focus on framework to boost private sector

-- 2017-10-29 11:56:14

Bangladesh needs internal institutional framework and stable energy policy to boost private sector for overall economic development. Experts made the remarks at a seminar organised by Dhaka Chamber o...

Thrust on formulating separate Islamic banking law

Thrust on formulating separate Islamic banking law

FE Report 2017-10-29 11:55:09

Experts have urged the government to introduce a separate and comprehensive law for regulating and promoting Islamic banking business in the country. "We cannot run our Islamic banking business at it...

Rising NPLs' possible financial feedback impacts worrisome

Rising NPLs' possible financial feedback impacts worrisome

 Jasim Uddin Haroon 2017-10-29 10:27:45

Swelling non-performing loans in Bangladesh, among other regional countries, is worrisome for their potential macro-financial "feedback" effects like economic growth and employment slowdowns. The As...

India unveils trade route to Afghanistan via Iran

India unveils trade route to Afghanistan via Iran

-- 2017-10-29 08:52:48

India is shipping its first consignment of wheat to Afghanistan by sea through Iran's strategic Chahbahar Port – thereby launching a trade route bypassing longtime rival Pakistan. The shipment,...

Nasrul banks on coordinated initiatives to ensure energy security

Nasrul banks on coordinated initiatives to ensure energy security

-- 2017-10-29 07:31:14

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said coordinated initiatives would ensure energy security in the country. "We have given emphasis on easy availability of cru...

Banks start long-term project funding

Banks start long-term project funding

Jasim Uddin Haroon 2017-10-28 12:00:00

Country's banks, at long last, have started making available funds to long-term projects. The same was hardly available in local financial sector earlier, sources said and billed it as a breakthroug...

'Family loses Tk 5,000 per month for pollution'

'Family loses Tk 5,000 per month for pollution'

-- 2017-10-28 12:00:00

A family living in Dhaka city has to incur a loss of additional Tk 4,000-Tk 5,000 per month, on average, due to dust pollution. City households have to spend the additional money on cleaning up their...

WB prescribes sustainable urbanisation for BD

WB prescribes sustainable urbanisation for BD

-- 2017-10-28 12:00:00

The World Bank (WB) has suggested Bangladesh that the South Asian country needs sustainable urbanisation to become an upper middle-income country by its 50th founding anniversary. "Cities are the eng...

Traders call for restructuring registration, renewal fees

Traders call for restructuring registration, renewal fees

Talha Bin Habib 2017-10-28 11:00:48

Traders have suggested that the government should restructure the registration and renewal fees for the import and export permits in order to boost import and export business in the country. Several...

Q1 foreign aid flow surges by 71pc

Q1 foreign aid flow surges by 71pc

FHM Humayan Kabir 2017-10-28 10:19:50

Foreign aid flow into Bangladesh picked up significantly by 71 per cent in the first quarter (Q1) this fiscal, largely with a Japanese funding splurge, officials said. Economic Relations Division (ER...

German budget surplus could reach 14b euros

German budget surplus could reach 14b euros

-- 2017-10-28 06:22:18

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela Merkel's conservative bloc as it tries to forge a n...

Tamabil Land Port starts full-fledged operations

Tamabil Land Port starts full-fledged operations

-- 2017-10-27 12:00:00

Tamabil Land Port (TLP) along Gowainghat border area in Sylhet has started its journey as a full-fledged land port. Finance Minister Abul Maal Abdul Muhith and Shipping Minister Shajahan Khan inaugur...

Business leaders want cut in taxmen's discretionary power

Business leaders want cut in taxmen's discretionary power

FE Report 2017-10-27 12:00:00

Leaders of the country's apex trade body put forward on Thursday a set of proposals for consideration in the new income tax law, including reducing the taxmen's discretionary power and waiving 5.0 per...

Metro rail lines: Govt may soon endorse feasibility study project

Metro rail lines: Govt may soon endorse feasibility study project

FHM Humayan Kabir 2017-10-27 12:00:00

The Planning Commis-sion (PC) is likely to endorse feasibility study for construction of two more metro rails in the capital at a cost of Tk 463.70 million, officials said on Wednesday. "The project...