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The Financial Express

Search results for: economy

China expects to achieve 2017 growth target

China expects to achieve 2017 growth target

-- 2017-10-10 01:31:23

China will have no problem meeting its economic growth target of around 6.5 per cent this year, and may even beat it, the head of the Statistics Bureau said on Tuesday. Steps taken by the government...

Think again, businesses tell govt on new VAT law

Think again, businesses tell govt on new VAT law

FE Report 2017-10-09 12:00:00

The government should rethink merits of the existing VAT law 1991, including multiple rates and package VAT and tariff value, before the pending switch. Business leaders and economists came up with t...

60pc of Monarch passengers back  in the UK

60pc of Monarch passengers back in the UK

BBC 2017-10-09 12:00:00

More than 60 per cent of holidaymakers left overseas when Monarch Airlines collapsed have now flown back to the UK, the Civil Aviation Authority says. The CAA stepped in after all of Monarch's flight...

Export earnings drop  9.83pc in Sept

Export earnings drop 9.83pc in Sept

FE Report 2017-10-09 12:00:00

The country's earnings from shipment of merchandise products declined by 9.83 per cent to US$ 2.03 billion in September 2017 over the corresponding month of 2016. The earnings in the third month of t...

China service-sector growth falls in Sept

China service-sector growth falls in Sept

-- 2017-10-09 12:00:00

Growth in China’s services sector fell to the lowest level for 21 months in September as the pace of new business cooled, a private survey showed. The survey was in sharp contrast to an officia...

US economist Richard Thaler wins Nobel economics prize

US economist Richard Thaler wins Nobel economics prize

-- 2017-10-09 12:00:00

US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics. The Royal Swedish Academy of Sciences said on Monday made the announcement....

Rohingya effect on economy: Academics for more research

Rohingya effect on economy: Academics for more research

-- 2017-10-09 11:53:24

The influx of more than half a million Rohingya refugees from Myanmar since August is having a huge effect on Bangladesh, including on its economy. Many university groups in Bangladesh are protes...

Taxmen to jumpstart scrutiny of tax returns

Taxmen to jumpstart scrutiny of tax returns

Doulot Akter Mala 2017-10-08 12:00:00

Taxmen will jumpstart scrutiny assessment, dubbed 'return process', just after submission of tax returns in the current fiscal year (FY) to detect any arithmetical flaws. All tax returns must go thro...

Modi eases burden on small companies

Modi eases burden on small companies

-- 2017-10-08 12:00:00

Prime Minister Narendra Modi’s government on Friday eased tax rules for small and medium-sized companies, as it rushes to address growing criticism of its stewardship of Asia’s third-large...

Export earnings drop by 10pc in September

Export earnings drop by 10pc in September

-- 2017-10-08 12:00:00

Export earnings of Bangladesh dropped to $2.03 billion last month, which is around 10 per cent less than the same month last year. It also missed the target by 28 per cent, the Export Promotion Burea...

Bangladesh pharma cos eye  Qatar market

Bangladesh pharma cos eye  Qatar market

-- 2017-10-08 09:04:29

As part of expanding its global footprint, Bangladesh’s fast-growing pharmaceutical sector is looking for opportunities in Qatar, ording to a report by www.thepeninsulaqatar.com.   A &l...

Saudi Arabian King keen on global market stability

Saudi Arabian King keen on global market stability

-- 2017-10-07 12:40:23

MOSCOW, Oct 6 (Reuters): Saudi King Salman said the kingdom remained keen on the stability of the global oil market in order to balance the interests of consumers and producers, the Saudi news agency...

Govt borrows $1.0b loan for six entities

Govt borrows $1.0b loan for six entities

Rezaul Karim 2017-10-07 12:25:48

The government has borrowed nearly US$ 1.0 billion (100 crore) from international lenders in favour of its different entities, officials said. In late September, the standing committee on non-concess...

Deferred new VAT law faces further vetting

Deferred new VAT law faces further vetting

Doulot Akter Mala 2017-10-07 12:00:00

Government's revenue authorities have decided to conduct afresh an impact assessment of the new VAT law, pending its now-deferred enforcement, as skepticism cropped up. Sources said the National Boar...

In-house training adds to RMG benefits: ILO

In-house training adds to RMG benefits: ILO

-- 2017-10-07 09:25:50

When skill shortage is seen a major constraint to steady growth of the country's apparel industry, in-house training for skill development of garment employees and workers has become a panacea bringin...

India receives $83b FDI from EU in 2000-17

India receives $83b FDI from EU in 2000-17

FE Online Desk 2017-10-07 03:00:39

India received around US$ 83 billion in Foreign Direct Investment (FDI) from Europe during 2000-17 constituting approximately 24 per cent of the total FDI inflow into the country. The European Union...

BSEC should exercise ‘its full  power’ without looking to govt

BSEC should exercise ‘its full power’ without looking to govt

FE Report 2017-10-06 12:00:00

The securities regulator BSEC should exercise its full power for the sake of development of the country's capital market, said State Minister for Finance MA Mannan on Thursday. He was speaking at a s...

Private sector credit growth rises notably, crosses target

Private sector credit growth rises notably, crosses target

-- 2017-10-06 09:52:14

Private sector credit growth increased significantly in August mainly due to higher trade financing by banks for settling import payment obligations, officials and bankers said. The growth in credit...

UK retail sales jump over three years

UK retail sales jump over three years

-- 2017-10-06 03:21:44

Retail sales in the UK jumped more than three years during the month of September, a survey of the retail sector showed, suggesting consumers are finding ways to cope with the squeeze on their incomes...

No rice crisis in country now: Minister

No rice crisis in country now: Minister

FE Report 2017-10-05 12:54:06

Food Minister Qamrul Islam speaks at a workshop on 'Eliminating Hunger and Malnutrition: Are Sustainable Solutions in Sight?' at a city hotel on Wednesday. International Food Policy Research Institute...

Australian retail sales drop in Aug

Australian retail sales drop in Aug

-- 2017-10-05 12:25:15

Australian retailers suffered their worst decline in sales since early 2013 as debt-laden consumers tightened their purse strings. Thursday’s data from the Australian Bureau of Statistics (ABS)...

Central bankers brainstorming sustainable finance

Central bankers brainstorming sustainable finance

FE Report 2017-10-05 12:00:00

A three-day meet on sustainable finance with delegates from central banks of Ghana, Nepal and Nigeria began in Dhaka Wednesday to promote sound environmental and social practices by banks. Bangladesh...

World food prices rise 0.8pc in September: FAO

World food prices rise 0.8pc in September: FAO

-- 2017-10-05 08:02:50

World food prices rose slightly in September from the month before, buoyed by higher valuations in the vegetable oil and dairy sectors, the United Nations food agency said on Thursday, reports Reuters...

BD can learn from India’s move to  be cashless society, demonetisation

BD can learn from India’s move to be cashless society, demonetisation

FE Report 2017-10-05 01:00:14

Indian Finance Minister Arun Jaitley speaks at the public lecture on 'Macroeconomic Initiatives of the Government of India' at a Dhaka hotel on Wednesday. Bangladesh Finance Minister AMA Muhith, Polic...

BD set to pour first concrete into Rooppur N-plant this month

BD set to pour first concrete into Rooppur N-plant this month

FE Report 2017-10-04 12:00:00

The government is set to pour first nuclear concrete into the Rooppur nuclear power plant (RNPP) project this month after ending the pre-construction phase, said officials. Russian President Vladimi...

Prices of building materials register significant rise

Prices of building materials register significant rise

Saif Uddin 2017-10-04 12:00:00

The prices of key construction materials, including steel rods and bricks, have marked a significant rise in the recent times, triggering anxiety among the realtors, sector insiders have said. They s...

Commercial launch of metro rail likely to miss schedule

Commercial launch of metro rail likely to miss schedule

Munima Sultana 2017-10-04 12:00:00

Some problems, including the ones in the bidding process, are likely cause substantial delays in launching of the much-publicised metro rail. Project sources said commercial launching of mass rapid t...

Interest rates on bank deposits increase

Interest rates on bank deposits increase

Siddique Islam 2017-10-04 12:00:00

Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure. The weighted average interest rate on deposi...

Bangladesh signs $4.5b LoC deal with India

Bangladesh signs $4.5b LoC deal with India

FE Report 2017-10-04 12:00:00

Bangladesh and India Wednesday signed a US$4.5 billion dollar credit line which will be used for 17 development projects. Bangladesh’s Economic Relations Division Secretary Kazi Shofiqul Azam a...

MTB signs deal with RIC on payroll banking solutions

MTB signs deal with RIC on payroll banking solutions

FE Online Desk 2017-10-04 12:00:00

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Resource Integration Centre (RIC) at a simple ceremony held at the RIC Central Office, Dhanmondi, Dhaka.   Under this agr...