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The Financial Express

Search results for: economy

Govt seeks US$1.83b under 39th Japanese ODA package

Govt seeks US$1.83b under 39th Japanese ODA package

FHM Humayan Kabir 2017-11-12 12:00:00

The government has sought around US$1.83 billion worth of assistance from Japan for bankrolling six development projects, officials said Saturday. Officials at the Ministry of Finance (MoF) said they...

Maintenance mess leaves  highways in a shambles

Maintenance mess leaves highways in a shambles

FHM Humayan Kabir 2017-11-11 12:00:00

Highways across the country seem to be in a shambles for neglect of maintenance despite a gigantic jump in allocations during five years, officials said. They said there had been substantially increa...

Six million people working in country’s poultry industry

Six million people working in country’s poultry industry

-- 2017-11-11 12:00:00

The poultry sector of Bangladesh has employed around six million people, of whom 40 per cent are women. These people are employed either directly or indirectly. The investment in the industry is abo...

Gas crisis hurting output  in industrial belt

Gas crisis hurting output in industrial belt

Nashir Uddin 2017-11-10 12:32:25

Factories in the country's Tongi-Gazipur industrial belt have been facing acute gas crisis over the past few months following diversion of gas to 'upstream' power plants. The crisis has deteriorated...

Oxford Cambridge 'investing millions of  pounds offshore', Paradise Papers reveal

Oxford Cambridge 'investing millions of pounds offshore', Paradise Papers reveal

-- 2017-11-10 12:29:26

The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers. Both universities are said to have invested in funds...

Floods affect country’s food production: FAO

Floods affect country’s food production: FAO

-- 2017-11-10 12:00:00

A sequence of floods has dampened the outlook for Bangladesh, likely translating into a third successive season of little or negative food production growth, mainly rice, says UN agency FAO. Barring...

Switzerland favours improving investment climate in Bangladesh

Switzerland favours improving investment climate in Bangladesh

-- 2017-11-10 12:00:00

Switzerland Ambassador to Bangladesh Rene Holenstein has laid emphasis on improving investment climate in Bangladesh as he sees economic opportunities here.  In an interview with UNB, Ambassador...

China to expand corporate tax cuts

China to expand corporate tax cuts

-- 2017-11-10 11:39:43

China will expand corporate tax rate cuts for high-tech services firms nationwide, in an effort to boost its overall competitiveness. China’s finance ministry said on Friday that the tax rate f...

Japan manufacturers' mood slips

Japan manufacturers' mood slips

-- 2017-11-10 11:14:03

Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed. But the manufacturing confidence remained strong - underscoring the thir...

RHD projects likely to be costlier soon

RHD projects likely to be costlier soon

Munima Sultana 2017-11-09 12:00:00

Building roads and bridges in the public sector is likely to cost the government more in the future days as a move is underway to revise upward the prices of construction materials, sources said. The...

Four months’ export earnings rise to $11.5b

Four months’ export earnings rise to $11.5b

FE Online Report 2017-11-09 12:00:00

The country's export earnings during the first four months of the fiscal year 2017-18 grew by 7.03 per cent to $11.50 billion. Official data released on Thursday said the earnings were $10.79 billion...

Govt not to give state-owned factory lands

Govt not to give state-owned factory lands

-- 2017-11-09 08:32:14

Industries Minister Amir Hossain Amu has said that the government will not hand over land of state-owned factories to the private sector. "The unused land of the state-owned factories will be used fo...

UK house prices stall; London falls

UK house prices stall; London falls

-- 2017-11-09 03:22:18

House prices in Britain have stalled, the prices are falling in London at their fastest pace since 2009, the Royal Institution of Chartered Surveyors said on Thursday. RICS’s benchmark house pr...

July-Oct ADP spending 'highest-ever'

July-Oct ADP spending 'highest-ever'

FE Report 2017-11-08 12:37:58

The government agencies have spent 14.53 per cent of the Annual Development Programme (ADP) outlay in July-October period of this fiscal, one percentage point up from the rate in the corresponding p...

Shahbazpur gas may remain unutilised for poor demand

Shahbazpur gas may remain unutilised for poor demand

M Azizur Rahman 2017-11-08 12:00:00

The new-found natural gas in a well at Shahbazpur of Bhola gas field might remain unutilised for a long period due to a very limited demand in the island that is not connected to the national gas grid...

SDG implementation needs additional $928b: Study

SDG implementation needs additional $928b: Study

-- 2017-11-08 12:00:00

Bangladesh will require an additional amount of USD 928.48 to fully implement the Sustainable Development Goals (SDGs) in the country, a study reveals.  According to the study, the amount is req...

Agent banking accounts go past 1.0m mark

Agent banking accounts go past 1.0m mark

-- 2017-11-08 12:00:00

Banks in the country are gradually expanding agent banking activities across the country as the number of accounts has already crossed 1.0 millon. According to the Bangladesh Bank (BB) quarterly data...

Bankers, SME entrepreneurs meet in Barisal

Bankers, SME entrepreneurs meet in Barisal

FE Online Desk 2017-11-08 11:33:56

A meeting between bankers and SME entrepreneurs was held at Amrit Lal Dey conference center in Barisal recently. Islami Bank Bangladesh Ltd (IBBL) arranged the event, supervised by Bangladesh Bank, sa...

84 families get Kor Bahadur title

84 families get Kor Bahadur title

-- 2017-11-08 11:04:19

The government has honoured 84 families from 64 districts for paying highest amount of taxes in fiscal 2016-17. The families have got the ‘Kor Bahadur’ title for their contributions to na...

Fund crunch hits tunnel project

Fund crunch hits tunnel project

Munima Sultana 2017-11-08 09:48:04

More than a year after the Chinese president laid the foundation stone, the construction work of the country's first tunnel under the Karnaphuli river is yet to start as Chinese Exim Bank has not yet...

China trade surplus with US falls in Oct

China trade surplus with US falls in Oct

-- 2017-11-08 02:18:33

China’s trade surplus with the United States fell in October to $26.62 billion from $28.08 billion in September, according to data from China’s customs administration on Wednesday. The su...

Apple 'moved billions' to avoid tax crackdown

Apple 'moved billions' to avoid tax crackdown

BBC 2017-11-07 12:00:00

The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show. They reveal how Apple sidestepped a 2013 crackdow...

Offshore multi-client seismic survey hits snag

Offshore multi-client seismic survey hits snag

-- 2017-11-07 11:01:05

The Law Minister-led investigation committee could not yet submit report although about 15 months have elapsed since its formation to look into whether there was any irregularity in the tender process...

New ‘code of conduct’ for banks, NBFIs

New ‘code of conduct’ for banks, NBFIs

FE Online Report 2017-11-07 10:46:05

The central bank has circulated a ‘Code of Conduct’ for all banks and non-bank financial institutions (NBFIs) of the country with effect from January 1. All banks and financial institutio...

ECNEC okays project to boost farmers’ income

ECNEC okays project to boost farmers’ income

-- 2017-11-07 04:34:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus inc...

Paradise Papers expose secrets of ultra-rich

Paradise Papers expose secrets of ultra-rich

BBC 2017-11-06 12:00:00

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump...

Move to make bond mkt active

Move to make bond mkt active

FE Online Desk 2017-11-06 12:00:00

Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country's bond market active. The decision came at...

163 Bangladeshis take Malaysian second home in H1

163 Bangladeshis take Malaysian second home in H1

FE Online Report 2017-11-06 12:00:00

During the first half of the current calendar year, some 163 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. Statistics released b...

Study shows nightlight intensity’s correlation with GDP level

Study shows nightlight intensity’s correlation with GDP level

FE Online Report 2017-11-06 12:00:00

Economic growth measures the performance of an economy. But to what extent do the available data on commercial activities genuinely represent a nation's performance? Gross Domestic Product (GDP) is...

BB fixes ceiling on mobile banking accounts

BB fixes ceiling on mobile banking accounts

-- 2017-11-06 12:00:00

The central bank has asked the mobile banking customers not to keep more than Tk 300,000 in their accounts with effect from January next year. The Bangladesh Bank fixed the ceiling on Monday with an...