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The Financial Express

Search results for: economy

BSCIC creates 12,572 jobs in Rajshahi

BSCIC creates 12,572 jobs in Rajshahi

-- 2017-12-25 03:53:52

Bangladesh Small and Cottage Industries Corporation (BSCIC) has created employment scopes of more than 12,572 people in various trades in Rajshahi. The industrial estate created jobs in various field...

Chad appoints new finance minister

Chad appoints new finance minister

-- 2017-12-25 01:27:53

Chad’s President Idriss Deby has appointed Abdoulaye Sabre Fadoul as minister of finance and also named new economy, foreign affairs, security and justice ministers, a presidential decree showed...

Immediate reforms imperative to discipline banking system

Immediate reforms imperative to discipline banking system

FE Report 2017-12-24 12:00:00

Alarm bells rang louder Saturday from economists' meet for immediate reform to restore discipline in Bangladesh's banking system, seen largely ridden with irregularities. Financial-market analysts ma...

Beijing property market holds steady

Beijing property market holds steady

-- 2017-12-24 12:00:00

Property market in Beijing held steady in November with second-hand home prices edging for seven consecutive months, according to a government report. The statement was included in a report on the ec...

Bad loan, high inflation inflate interest rates

Bad loan, high inflation inflate interest rates

FE Report 2017-12-24 09:40:59

Bad loans and high inflation jacked up bank-interest rates persistently until recently, thus inflating cost of credit and deflating investment and economic growth. A researcher placed such findings i...

'Get tough dealing with bad banks'

'Get tough dealing with bad banks'

FE Report 2017-12-23 12:00:00

The central bank should take stricter stance while dealing with ongoing controversies over some "non-performing" commercial banks, a former Bangladesh Bank governor suggests. In the wake of such deve...

Unpaid care work reins in women’s economic empowerment: Study

Unpaid care work reins in women’s economic empowerment: Study

-- 2017-12-23 12:00:00

Women’s lengthy involvement in unpaid care work compared to that of men gets in the way of their economic empowerment, a study has found.  Women in Bangladesh engage in 6.3 hours of 'unpai...

Russian bank says hackers targeted its SWIFT computers

Russian bank says hackers targeted its SWIFT computers

-- 2017-12-23 11:05:32

Hackers tried to steal 55 million roubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attemp...

Move to build 9,000 MW power hub at Payra

Move to build 9,000 MW power hub at Payra

-- 2017-12-23 08:36:12

The government plans to create a hub for generating 9,000 megawatts of electricity at Payra area of Patuakhali to uplift the southwestern region. State Minister for Power and Energy Nasrul Hamid disc...

Maize production reduces poverty in Rangpur

Maize production reduces poverty in Rangpur

-- 2017-12-23 04:01:55

Maize cultivation is increasing every year in all five districts under Rangpur agriculture region, as the char people are earning huge profits to cut poverty and lead better life. The Department of A...

Turkish parliament approves 2018 budget

Turkish parliament approves 2018 budget

-- 2017-12-23 02:32:13

Turkey’s parliament has approved the country’s 2018 budget, which includes increased spending on defence and projects a rise in the fiscal deficit to 65.9 billion lira ($17.28 billion)....

Connect economics with morality to build poverty-free society

Connect economics with morality to build poverty-free society

FE Report 2017-12-22 12:59:34

Prof Dr Rehman Sobhan identified on Thursday a number of areas of ethical failures, including capital market, banking sector and functioning of commodity market. He also found ethical failures in o...

Venezuela economy shrinks by 16.5pc in 2016

Venezuela economy shrinks by 16.5pc in 2016

-- 2017-12-22 12:44:34

Venezuela’s economy shrank 16.5 per cent in 2016, the government said on Thursday, as the oil-dependent nation continued to slump as a result of weak crude prices. Venezuela’s governmen...

UK consumer confidence rises in Dec

UK consumer confidence rises in Dec

-- 2017-12-22 12:20:00

Business confidence among British businesses has picked up to its highest level since July as firms expect a busier 2018, though optimism remains well below its level before last year’s Brexit v...

Bridges Division one of worst ADP implementers

Bridges Division one of worst ADP implementers

FHM Humayan Kabir 2017-12-22 12:00:00

The Bridges Division is on the list of the worst performers among the big ministries implementing development projects, as execution of its key Padma Bridge project has faced setback, officials said o...

FBCCI urges India to remove NTBs

FBCCI urges India to remove NTBs

FE Report 2017-12-22 12:00:00

Country's apex trade body Thursday requested India to remove non-tariff barriers (NTBs) and establish direct air connectivity between Dhaka and Assam's capital Guwahati for boosting bilateral trade....

Surge of insurance sector displays increasing economic activities: Muhith  

Surge of insurance sector displays increasing economic activities: Muhith  

-- 2017-12-22 07:09:21

The increasing economic activities of the country over the years are working as catalyst in driving the insurance sector forward. The sector, in return, is demonstrating a surge of economic activitie...

Fed still sees cyber risks two years after BB heist

Fed still sees cyber risks two years after BB heist

-- 2017-12-22 01:24:57

The Federal Reserve, which was at the center of an unsolved $81-million cyber heist nearly two years ago, is ready for further talks with foreign counterparts to address the lingering risks of cyber...

Japan Nov core CPI seen steady

Japan Nov core CPI seen steady

-- 2017-12-22 01:03:09

Japan’s nationwide core consumer price index (CPI) likely rose 0.8 per cent in November from a year ago, unchanged from October’s reading, a Reuters poll found on Friday. The country&rsqu...

Banks, NBFIs asked to operate interbank card transactions thru NPSB

Banks, NBFIs asked to operate interbank card transactions thru NPSB

-- 2017-12-21 12:00:00

The central bank has asked the all the banks and NBFIs to connect their established Point of Sale (POS) with the National Payment Switch of Bangladesh (NPSB) by December 2018. The banks and NBFIs (no...

Directors destroyed Farmers Bank, Sylhet to get flyover: Muhith

Directors destroyed Farmers Bank, Sylhet to get flyover: Muhith

-- 2017-12-21 11:58:53

The Finance Minister has said that the directors of The Farmers Bank Limited have destroyed the bank by way of looting. According to Mr AMA Muhith, "It's the directors who destroyed The Farmers Bank...

Bank of Japan stays upbeat on economy

Bank of Japan stays upbeat on economy

Reuters 2017-12-21 10:53:43

The Bank of Japan kept monetary policy steady on Thursday despite growing signs of strength in the economy, signalling that it was in no rush to edge away from crisis-mode stimulus with inflation stil...

BB raises EDF allocation by 20 per cent

BB raises EDF allocation by 20 per cent

Siddique Islam 2017-12-21 10:38:27

The central bank has increased the allocation of Export Development Fund (EDF) scheme by 20 per cent or US$500 million aiming to facilitate the country's exporters for boosting their business activiti...

Most businesses yet to obtain e-BIN though deadline nears

Most businesses yet to obtain e-BIN though deadline nears

Doulot Akter Mala 2017-12-21 10:03:11

Around 95 per cent of the businesses having VAT registration were still conducting import-export and other activities with their old identification numbers (BINs) the validity of which is set to expir...

Govt revenue receipts far off lofty target

Govt revenue receipts far off lofty target

Doulot Akter Mala 2017-12-20 12:00:00

Government revenue receipts remain far off an 'ambitious' target set for the current financial year (FY) as the collection in July-November period missed the mark by Tk 95 billion. By official count,...

Foreign aid inflow jumps by 91pc in five months

Foreign aid inflow jumps by 91pc in five months

FHM Humayan Kabir 2017-12-20 12:00:00

Bangladesh received US$1.72 billion worth of foreign aid in July-November period this fiscal year (FY2017-18). The disbursements of the concessional medium- and long-term (MLT) assistance were 91 per...

US Senate clears tax bill

US Senate clears tax bill

Reuters 2017-12-20 12:00:00

The Republican-controlled US House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first...

ADP implementation 20.11pc in five months

ADP implementation 20.11pc in five months

-- 2017-12-20 09:10:18

Implementation rate of the annual development programme (ADP) during the July-November period of current fiscal year reached 20.11 per cent with an expenditure of Taka 329.97 billion. The rate was 19...

Five key barriers to PPP project implementation

Five key barriers to PPP project implementation

-- 2017-12-20 08:41:01

Five key challenges should be addressed to effectively implement the projects taken under the Public Private Partnership (PPP) in Bangladesh, according to a new study of Bangladesh Institute of Bank M...

Factbox: What's in the final Republican tax bill

Factbox: What's in the final Republican tax bill

Reuters 2017-12-20 03:03:42

The US House of Representatives was expected to vote on Tuesday on a sweeping, debt-financed tax bill, with approval likely. House passage would send the bill on to the Senate, which could vote as soo...