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The Financial Express

Search results for: economy

Malaysia inflation rate eases in Nov

Malaysia inflation rate eases in Nov

-- 2017-12-20 02:10:47

Malaysia's consumer price index rose 3.4 per cent in November from a year earlier, on higher transport costs, government data showed on Wednesday. The annual inflation rate matched the 3.4 per cent f...

Argentina passes pension reform despite protests

Argentina passes pension reform despite protests

-- 2017-12-20 01:53:35

Argentina’s government has passed a reform to the pension system on Tuesday, after days of demonstrations by the bill’s opponents and violent clashes between protesters and police. The...

Japan upgrades GDP growth forecast

Japan upgrades GDP growth forecast

-- 2017-12-19 03:45:08

Japan’s government revised up its growth projections for the current and next fiscal years, forecasting the economy to expand 1.9 per cent and 1.8 per cent respectively. Consumer inflation is e...

Banks’ falling asset quality may weaken lending capability

Banks’ falling asset quality may weaken lending capability

FE Report 2017-12-18 12:52:00

Declining asset quality of Bangladesh's banks could weaken their lending capability, says Moody's as it already finds them in "tighter liquidity conditions". However, the US-based global credit-ratin...

Chittagong port moves 27 notches up in container-handling

Chittagong port moves 27 notches up in container-handling

-- 2017-12-18 12:00:00

The country’s main seaport has set a record by advancing 27 notches in container-handling over the period of last eight years. A handout on Monday said Chittagong port was ranked 71st in 2016 a...

1.3m expat drivers could lose Saudi jobs

1.3m expat drivers could lose Saudi jobs

-- 2017-12-18 12:00:00

About 1.3 million foreign drivers in Saudi Arabia are likely to lose their jobs as its kingdom prepares to issue driving licences to women. According to an Arab News report, run by bdnews24, 87.2 per...

WB approves more loans for social safety-net programmes

WB approves more loans for social safety-net programmes

FE Online Report 2017-12-18 12:00:00

The World Bank (WB) has approved a loan of $245 million to make the country’s social safety-net programmes accountable and transparent. The Board of Directors of WB approved the loan at its hea...

Japan exports boom in Nov

Japan exports boom in Nov

-- 2017-12-18 11:42:22

Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world’s third-biggest economy. Data from the Ministry of Finance showed exports grew 16.2 per ce...

‘Banks should court mergers and acquisitions for bailout’

‘Banks should court mergers and acquisitions for bailout’

Mehdi Musharraf Bhuiyan 2017-12-18 10:03:38

Banks in Bangladesh should go through mergers and acquisitions, which a leading banker believes will make the overall banking sector better and stronger through troubleshooting. "I think merger and a...

Russian inflation to be about 3pc in early 2018: C Bank chief

Russian inflation to be about 3pc in early 2018: C Bank chief

-- 2017-12-17 12:47:35

Chairperson of the Bank of Russia Elvira Nabiullina has said the inflation in Russia will be about 3.0 per cent in early 2018 and will reach the target of 4.0 in the second half of the year. "Inflati...

Thrust on stopping fake currency flow between India, BD

Thrust on stopping fake currency flow between India, BD

-- 2017-12-17 12:00:00

A joint task force has emphasised on increasing cooperation between India and Bangladesh to check flow of fake currency between the two countries.  The call was made on first day of the three-da...

Setting your financial goals for 2018

Setting your financial goals for 2018

-- 2017-12-17 12:00:00

It is almost the end of 2017 and as usual, many of us will begin to reflect and set resolutions for 2018. Some of these might look like: eat healthier, travel to Japan, learn a new language, clear th...

Amu seeks Japanese investment in automobile sector

Amu seeks Japanese investment in automobile sector

-- 2017-12-17 12:00:00

Industries Minister Amir Hossain Amu has sought more Japanese investment for setting up automobile industries in Bangladesh. "Japan can go for joint venture with the Bangladesh government in setting...

Indian govt ignored warnings over GST rollout

Indian govt ignored warnings over GST rollout

Reuters 2017-12-17 03:18:05

The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly was not ready for launch, seve...

IMF approves $79.1m loan for Mongolia

IMF approves $79.1m loan for Mongolia

-- 2017-12-16 12:07:24

The International Monetary Fund (IMF) has approved a loan of about US$79.1 million for Mongolia following two rounds of reviews of the country’s performance.  In a statement, the IMF said...

Country’s brand value  keeps on rising

Country’s brand value keeps on rising

Asjadul Kibria 2017-12-16 12:00:00

The brand value of Bangladesh as a nation has been rising gradually. This reflects the country's socio-economic vibrancy. After 46 years of the independence, Bangladesh is now 44th most valuable nati...

BD spends one-third of what WHO recommends

BD spends one-third of what WHO recommends

Kamrun Nahar 2017-12-16 12:00:00

Bangladesh still has a per-capita health expenditure of US$ 37 which is one-third of the World Health Organisation (WHO)-recommended $ 85-112, experts said. Earlier, the recommended expenditure was $...

Proposal to float separate procurement division faces opposition

Proposal to float separate procurement division faces opposition

Rezaul Karim 2017-12-16 12:00:00

The planning minister disagrees on a proposal made by the finance minister for creating a separate division to do government procurement activities, which usually involve billions of funds, officials...

Catalan crisis hurts Spain’s economy

Catalan crisis hurts Spain’s economy

Reuters 2017-12-16 01:22:33

Political uncertainty in Catalonia has dented expectations for growth in Spain’s economy, the country’s central bank said on Friday, as voters in the region gear up for an election that pr...

WB to make developing cities climate change resilient

WB to make developing cities climate change resilient

-- 2017-12-15 08:48:42

The World Bank (WB) is set to give $4.5 billion in loans and technical support to cash-short cities trying to protect themselves from climate change. Over the next three years, the scheme aims to hel...

Import orders scale all-time high of $16.10b

Import orders scale all-time high of $16.10b

Siddique Islam 2017-12-15 02:58:42

The country's overall import orders recorded an all-time high of US$ 16.10 billion in November while letter of credit (LC) of a large amount was opened for setting up Rooppur Nuclear Power Plant (NPP)...

Brazil raises growth forecast

Brazil raises growth forecast

-- 2017-12-15 01:21:31

Brazil raised its predictions of economic growth for 2017 from 0.5 per cent to 1.1 per cent, Finance Minister Henrique Meirelles said on Thursday. "The GDP fell sharply in 2016 and is rising signific...

UN projects 7.1pc growth for BD this year

UN projects 7.1pc growth for BD this year

FE Online Report 2017-12-14 12:00:00

The United Nations has projected that Bangladesh economy will grow by 7.1 per cent in the current fiscal year (FY18). On top of it, the organisation also projected that the economy would rise further...

ADB okays $100m more for microfinance programme

ADB okays $100m more for microfinance programme

-- 2017-12-14 12:00:00

The Asian Development Bank (ADB) has approved an additional $100 million for an existing microfinance risk participation and guarantee programme. The programme has been supporting growth and em...

Dutch organisation to ensure RMG workers' health

Dutch organisation to ensure RMG workers' health

-- 2017-12-14 12:00:00

A development organisation of Netherlands is set to help in improving health and well-being of RMG workers in Bangladesh. To this end, partnership agreements were signed between SNV Netherlands Devel...

US Fed raises interest rates

US Fed raises interest rates

Reuters 2017-12-14 11:47:10

The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in US economic growth from the Trump ad...

ADB keeps BD's growth projection unchanged

ADB keeps BD's growth projection unchanged

FE Report 2017-12-14 03:17:46

The Asian Development Bank (ADB) in its latest outlook supplement repeated its pared-down growth projection at 6.9 per cent for Bangladesh in the current fiscal year. In September last, the Bank in i...

New economic corridor 'can make $150b output by 2050'

New economic corridor 'can make $150b output by 2050'

FE Report 2017-12-13 12:00:00

The proposed South-west Bangladesh Economic Corridor (SWBEC) may help generate up to US$ 150 billion of economic output by 2050, if implemented in a well-coordinated manner, the Asian Development Bank...

Disease-resistant potato to save farmers Tk 1.0b

Disease-resistant potato to save farmers Tk 1.0b

-- 2017-12-13 12:00:00

Farmers in Bangladesh grow about 10 million tonnes of potato every year.  The amount produced well surpasses the domestic demand, while the surplus are exported to 20 countries.  But to sa...

Direct green finance by banks, FIs is only 5.88pc: Report

Direct green finance by banks, FIs is only 5.88pc: Report

FE Online Report 2017-12-13 12:00:00

Direct green finance makes up only 5.88 per cent of the green finance of the banks and financial institutions (FIs) in the country, according to the latest review report of the central bank. The late...