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The Financial Express

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Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Syed Ali Asfar 2017-10-12 07:48:56

Bangladesh has been ranked 88th out of 119 countries on the Global Hunger Index this year. The report was released by Washington-based International Food Policy Research Institute (IFPRI). The GHI,...

UNDESA mission  exchanges views  with FBCCI  leaders

UNDESA mission exchanges views with FBCCI leaders

-- 2017-10-11 12:51:43

A mission from Committee for Development Policy (CDP) Secretariat of UNDESA (United Nations Department of Economic and Social Affairs ) met FBCCI President Md Shafiul Islam (Mohiuddin) at FBCCI Bhab...

US chip maker unveils next-generation  device for fully autonomous cars

US chip maker unveils next-generation device for fully autonomous cars

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

Silicon Valley graphics chipmaker NVIDIA unveiled on Tuesday the first computer chips for developing fully autonomous vehicles and said it had more than 25 customers working to build a new class of dr...

IMF projects 7.0pc growth for Bangladesh

IMF projects 7.0pc growth for Bangladesh

FE Online Report 2017-10-11 12:00:00

International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18). The fund unveiled the projection in its latest World...

Tax reform may be 'painful' for some states: Kaplan

Tax reform may be 'painful' for some states: Kaplan

-- 2017-10-11 11:17:55

Limiting the ability of Americans to deduct what they pay in state and local taxes from their federal tax bill “could be painful” for some US states already suffering from population drain...

Apparel exports to China, Japan fall

Apparel exports to China, Japan fall

Monira Munni 2017-10-11 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

Global financial stability improves amid looming risks: IMF

Global financial stability improves amid looming risks: IMF

-- 2017-10-11 06:58:27

The global economic recovery has strengthened financial stability but easy monetary and financial conditions against a backdrop of sluggish inflation is elevating medium-term risks, the International...

ICMAB organises  workshop in Ctg  on cost audit

ICMAB organises workshop in Ctg on cost audit

-- 2017-10-10 12:31:10

The Chittagong Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a workshop titled 'Cost Audit - A Practical Approach' recently at Agrabad, sai...

State-run sugar mills' losses reach Tk 30b

State-run sugar mills' losses reach Tk 30b

Rezaul Karim 2017-10-10 12:30:03

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said. "The cash-strappe...

Hurricane history favours US building suppliers

Hurricane history favours US building suppliers

-- 2017-10-10 12:24:53

There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will bene...

Economy faces downside risks

Economy faces downside risks

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

The country's conomy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank. The latest Bangladesh Bank Quarterly (BBQ) outlo...

BD to launch 'Poverty Environment Accounts' system

BD to launch 'Poverty Environment Accounts' system

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

The government is going to pilot a “Poverty Environment Accounts (PEA)” system to get coherent quantification and practical link between the poverty and environment aimed at formulating po...

Employment growth halves for missed economic potential: WB

Employment growth halves for missed economic potential: WB

 Jasim Uddin Haroon 2017-10-10 12:00:00

Bangladesh's employment growth almost halved in 2010- 2016 compared to the preceding period since 2003, according to the World Bank (WB) that indicated job-scant economic growth as a major reason. T...

Agro investment crosses Tk 603.8b in eight years

Agro investment crosses Tk 603.8b in eight years

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

With a view to increasing production of crops and bringing agriculture inputs to the purchasing capacity of farmers, the government has invested Tk 603.8 billion in the last eight years. “The A...

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...