Loading...
The Financial Express

Search results for: economy

UK sees biggest rise in foreign workers since COVID-19 pandemic

UK sees biggest rise in foreign workers since COVID-19 pandemic

-- 2022-08-16 20:08:39

Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union, official figures sh...

BB sets cost limit for short-term trade finance in forex

BB sets cost limit for short-term trade finance in forex

-- 2022-08-16 19:59:16

Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term trade finance in foreign exchange. A BB circular stated that all-in-cost will include the entire cost of a financial transaction, b...

Foreign ministry starts searching cheaper sources of oil

Foreign ministry starts searching cheaper sources of oil

FE ONLINE REPORT 2022-08-16 19:43:56

In line with the instruction of Prime Minister Sheikh Hasina, Bangladesh's foreign ministry has started looking for cheaper oil sources. The foreign ministry also keep Russia in mind as an alternate...

Britain launches trade system for developing countries

Britain launches trade system for developing countries

-- 2022-08-16 14:47:23

Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London's post-Brexit efforts to set up systems to replace thos...

Seven sub-committees formed to address challenges of LDC graduation

Seven sub-committees formed to address challenges of LDC graduation

FE ONLINE DESK 2022-08-16 10:13:56

Some seven sub-committees are preparing draft strategies with a time-bound action plan to meet the challenges of LDC graduation. According to an official document,Bangladesh will be facing some chall...

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

FHM HUMAYAN KABIR 2022-08-16 08:50:42

The Bangladesh Inland Water Transport Authority (BIWTA) has denied Indian line of credit (LoC) for installing a railway connection with the Ashuganj river port, insiders said on Monday. Instead, the...

Oil prices fall by more than $4.0 a barrel

Oil prices fall by more than $4.0 a barrel

-- 2022-08-15 20:12:57

Oil prices fell by more than $4.0 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns. Brent crude futures fell $4.35, or 4.43 per cent, to $93...

Indonesia plans fuel price hike to control ballooning subsidies

Indonesia plans fuel price hike to control ballooning subsidies

-- 2022-08-15 18:46:32

Indonesia plans to hike fuel prices to control ballooning energy subsidies, media reported on Monday, citing comments from the country's energy minister. Reuters says the price hike will be complemen...

China cuts key rates as economic data disappoints

China cuts key rates as economic data disappoints

-- 2022-08-15 10:40:55

China's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-Covid policy and a property crisis, while the central bank surprised mar...

Banks’ provisioning shortfall narrows

Banks’ provisioning shortfall narrows

FE REPORT 2022-08-15 08:57:04

Overall loan-provisioning shortfall in Bangladesh's banking sector narrows a bit to Tk 132.19 billion, as of last June, and experts suggest quicker improvements as inadequate security is deemed risky....

BD economy under pressure

BD economy under pressure

FE REPORT 2022-08-15 08:51:17

Bangladesh's steadily-growing economy is under pressure for disruption to global supply chain for external disturbance, experts alert and say food security facing 'threat' amid high inflation. Rising...

Fuel price hike: 'I might start begging in the street'

Fuel price hike: 'I might start begging in the street'

-- 2022-08-14 21:59:28

Bangladesh, one of the world's fastest-growing economies, has raised fuel prices by more than 50 per cent in just a week. It blames rising oil prices in the wake of the war in Ukraine. A 35-year-old...

Central bank revises cluster credit guidelines to boost small enterprises

Central bank revises cluster credit guidelines to boost small enterprises

-- 2022-08-14 21:14:57

Bangladesh Bank (BB) has revised guidelines easing its policy and definition of cluster financing to grow specialised products in a specific area in the country. SME & Special Programmes Departme...

91pc SMEs don't get bank loans

91pc SMEs don't get bank loans

-- 2022-08-14 19:52:31

The commercial banks are reluctant to provide loans to small and medium enterprises (SMEs) although the sector is the backbone of the country's economy, the experts said Sunday. "Commercial banks pro...

BB caps difference between dollar buying and selling rates at Tk 1

BB caps difference between dollar buying and selling rates at Tk 1

-- 2022-08-14 19:01:38

The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0, according to the central bank. Bangladesh Bank took the decision in a meeting w...

India's July inflation eases to 6.71pc as some commodity prices fall

India's July inflation eases to 6.71pc as some commodity prices fall

REUTERS 2022-08-14 14:00:32

India's consumer inflation dipped to 6.71 per cent in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central b...

Bangladesh economy no longer dependent on foreign aid: Shirin

Bangladesh economy no longer dependent on foreign aid: Shirin

-- 2022-08-14 13:00:18

Speaker Dr Shirin Sharmin Chaudhury today (August 14, 2022) said Bangladesh economy is no longer dependent on foreign aid as she held a meeting with UNDP Assistant Secretary General Kanni Wignaraja at...

BD an important country for dev financing: AFD

BD an important country for dev financing: AFD

FE Report 2022-08-14 08:48:08

The Agence Francaise de Developpement (AFD), the French government's funding agency, considers Bangladesh as an important country in South Asia for development funding since 22 projects with portfolio...

BB mulling fresh rules to manage forex volatility

BB mulling fresh rules to manage forex volatility

Siddique Islam 2022-08-14 08:34:23

The central bank is trying to set fresh rules on managing the volatility in foreign-exchange (forex) market and curb the falling trend of forex reserves. As part of the latest move, the Bangladesh Ba...

Many projects shelved or part-funded

Many projects shelved or part-funded

FHM HUMAYAN KABIR 2022-08-14 08:31:19

More than half of the ongoing development projects face implementation setback as the government has restricted funding to mitigate macroeconomic worries, insiders say, as a global financial crunch...

Credit card spending soars with increasing living costs

Credit card spending soars with increasing living costs

-- 2022-08-13 17:46:09

Credit card debt has surged as consumers struggle to keep up with the high cost of living amid rising inflation. As the prices of all kinds of products including essentials are on the rise in the mar...

BFIU sought illegal money information from Swiss banks repeatedly: BB

BFIU sought illegal money information from Swiss banks repeatedly: BB

-- 2022-08-13 16:49:02

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB). In respons...

They suffer to make hilsa available on your plates

They suffer to make hilsa available on your plates

YASIR WARDAD 2022-08-13 08:45:08

The real income of the coastal fishermen have gradually been declining, forcing them to live in hunger and debt only to make Hilsa available on the plate of the Bangladeshi households. The marginal c...

Troubled UK economy rides out Jubilee disruption, but recession looms

Troubled UK economy rides out Jubilee disruption, but recession looms

REUTERS 2022-08-12 15:04:25

Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail an...

'Fiscal situation worsens amid poor revenue, high public borrowings'

'Fiscal situation worsens amid poor revenue, high public borrowings'

FE REPORT 2022-08-12 11:16:39

Economist Dr Debapriya Bhattacharya on Thursday said the country's fiscal situation worsened especially over the past two months due to poor revenue growth and high public borrowings. Terming the fis...

Default debts in Bangladesh’s banks balloon to Tk 1.25t

Default debts in Bangladesh’s banks balloon to Tk 1.25t

-- 2022-08-11 22:01:53

Amid criticism of the Bangladesh Bank for relaxing rules for repayment and rescheduling, the authorities have reported a Tk 118.16 billion rise in the size of defaulted loans in the last quarter of 20...

Comment on China loan: Finance minister sends rejoinder to FT

Comment on China loan: Finance minister sends rejoinder to FT

FE Online Report 2022-08-11 19:15:17

Finance Minister AHM Mustafa Kamal sent a rejoinder to the London-based daily the Financial Times on Thursday in connection with an interview published by the newspaper recently, ministry officials sa...

Finance minister says govt evaluating impact of fuel price hike

Finance minister says govt evaluating impact of fuel price hike

-- 2022-08-10 21:46:23

The government is evaluating the impact of the fuel price hike on the livelihoods of common people, according to Finance Minister AHM Mustafa Kamal.  “Necessary steps will be taken in cons...

Dollar price in kerb market jumps to Tk 120

Dollar price in kerb market jumps to Tk 120

-- 2022-08-10 19:52:06

The price of US dollars jumped to Tk 120 in the open market, commonly known as kerb market, on Wednesday amid persistent short supply of the greenback against the growing demand from importers and tho...

RMG export growth could drop to 15pc this year

RMG export growth could drop to 15pc this year

-- 2022-08-10 19:16:54

Growth in Bangladesh's ready-made garment (RMG) exports could drop to about 15 per cent this year after an unusually strong expansion of more than 30 per cent in 2021, two industry leaders told Reuter...