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The Financial Express

Search results for: economy

NBR collects Tk 42.81b income tax until Nov 30

NBR collects Tk 42.81b income tax until Nov 30

FE Report 2017-12-02 09:47:19

The National Board of Revenue (NBR) received over Tk 42.81 billion (4,281.32 crore) as income tax until November 30, 2017, up by 28.37 per cent over the corresponding time of 2016. A total of 15,56,6...

'Extend bond facility to potential non-RMG sectors too'

'Extend bond facility to potential non-RMG sectors too'

FE Report 2017-12-01 12:00:00

Speakers at a roundtable recommended Thursday the government to offer uniform incentives, including the bonded warehouse facility, to the non-readymade garment sector to help diversify export items....

WB to help introduce direct cash delivery by banks

WB to help introduce direct cash delivery by banks

FHM Humayan Kabir 2017-12-01 12:00:00

The World Bank (WB) would assist in rebuilding the system of government cash transfers under the social-safety-net programme (SSNP), introducing direct delivery by banks to recipients to end irregular...

Jewellery sector in jeopardy as artisans opt out

Jewellery sector in jeopardy as artisans opt out

-- 2017-12-01 12:00:00

Many goldsmiths and artisans are leaving their job or migrating to India as the demand for gold ornaments falls and the wages decline. The mass opt-out of the goldsmiths and artisans has put the coun...

Japan Oct CPI edges up

Japan Oct CPI edges up

-- 2017-12-01 12:00:00

The core consumer prices in Japan rose in October from a year earlier, marking the 10th straight month of gains, but a narrower measure that excludes energy showed inflation has not accelerated for th...

Entrepreneurs should supplement economic growth, urges Tofail

Entrepreneurs should supplement economic growth, urges Tofail

-- 2017-12-01 07:40:57

Commerce Minister Tofail Ahmed on Friday urged private sector entrepreneurs to add-on to the government's efforts to build a self-sufficient economy. The minister said it while speaking as chief gue...

Ireland’s manufacturing output surge

Ireland’s manufacturing output surge

-- 2017-12-01 02:42:51

Ireland’s manufacturing output growth accelerated in the three months to November, surged to an 18-year high, a survey showed on Friday. The output seen higher, with strong new orders at home...

China factory growth slows in Nov: Caixin PMI

China factory growth slows in Nov: Caixin PMI

-- 2017-12-01 02:35:09

China’s manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence, survey showed. The...

India's economy grows 6.3pc in Q3

India's economy grows 6.3pc in Q3

-- 2017-12-01 02:24:50

India's economic growth bounced back in the second quarter (July-September), grew 6.3 per cent in the Q2 from a year earlier, government data showed on Thursday. Gross domestic product (GDP) grew fas...

SoEs' profit fall squeezes FY17 revenue earnings

SoEs' profit fall squeezes FY17 revenue earnings

Jasim Uddin Haroon 2017-11-30 12:00:00

Country's revenue from the second-biggest source shrank in 2016-17 as receipts from dividends and profits of the state-owned enterprises (SoEs) fell over 29 per cent short of Tk 323.50-billion target....

Yellen reiterates gradual rate hike path

Yellen reiterates gradual rate hike path

-- 2017-11-30 12:00:00

US Federal Reserve Chair Janet Yellen reiterated that the low inflation might reflect transitory factors and expected inflation will move up to 2.0 per cent target over the medium term. She said that...

Bangladesh needs to highlight LDC advantages: Experts

Bangladesh needs to highlight LDC advantages: Experts

FE Online Report 2017-11-30 12:00:00

Bangladesh should discuss its advantage as both an Least Developed Country (LDC) and non-LDC prospective in the upcoming WTO ministerial in Buenos Aires, said participants at a dialogue on Thursday. &...

Thirty global firms to supply LNG to BD from spot mkts

Thirty global firms to supply LNG to BD from spot mkts

M Azizur Rahman 2017-11-30 11:44:21

Bangladesh has selected 30 firms and their consortia from different countries across the globe to source LNG (liquefied natural gas) from spot markets to ensure availability of the energy. The Rupant...

‘Asia can attain sustainable growth thru’ SMEs’

‘Asia can attain sustainable growth thru’ SMEs’

-- 2017-11-30 07:14:24

Asian countries can achieve higher economic growth if they take innovation steps to develop Small and Medium Enterprises (SMEs), said Industries Minister Amir Hossain Amu. "SMEs considered as a vital...

NBR secures copyright of 'Tax ID Card'

NBR secures copyright of 'Tax ID Card'

-- 2017-11-30 06:45:32

The National Board of Revenue (NBR) has secured the copyright of 'Tax ID Card', a creative innovation of the revenue authorities to honour taxpayers in the country. The copyright office of the Cultu...

UN official sees BD on right track to graduate from LDC status

UN official sees BD on right track to graduate from LDC status

FE Online Desk 2017-11-30 03:52:08

A United Nations high official has said that Bangladesh seems to be on the right track to graduate from the Least Developed Country (LDC) status within the targeted timeframe. Fekitamoeloa Utoikamanu...

Individual tax return submission time expires today

Individual tax return submission time expires today

FE Online Report 2017-11-29 12:00:00

The time for submission of tax returns by individual taxpayers is set to expire tomorrow (Thursday). The individual category taxpayers will have to pay 2.0 per cent monthly interest on the payable ta...

China to invest $2.3b in steel, power

China to invest $2.3b in steel, power

-- 2017-11-29 07:38:54

China’s Kunming Iron & Steel Holding Company Ltd. will invest $2.3 billion for setting up a steel factory and a power plant in either Maheshkhali or Mirsarai economic zone. Bangladesh Econ...

Philippine cbank expects 2.9-3.6pc inflation in Nov

Philippine cbank expects 2.9-3.6pc inflation in Nov

-- 2017-11-29 02:51:16

The Philippine central bank said on Wednesday that annual inflation in November was expected to be within a range of 2.9-3.6 per cent. The central bank hopes the inflation range with the impact of hi...

Mexican inflation ‘may not fall as forecast’

Mexican inflation ‘may not fall as forecast’

-- 2017-11-29 02:36:27

Mexico’s incoming central bank governor Alejandro Diaz de Leon on Tuesday said inflation may not fall as forecast. He said the inflation may steady because of recent and future shocks, laying o...

UK shop prices slip for third month

UK shop prices slip for third month

-- 2017-11-29 02:23:08

British shop prices edged down by an annual 0.1 per cent for the third month in a row during November, according to a survey. The survey chimed with the Bank of England’s thinking that inflatio...

Govt tightening EEF terms to ensure fund recovery

Govt tightening EEF terms to ensure fund recovery

Syful Islam 2017-11-29 01:29:00

  The government is set to toughen agreed commitments from borrowers of the Equity and Entrepreneurship Fund (EEF) to help recovery of funds in case of project failure. The government move cam...

NI-inspected 513 RMG units face closure

NI-inspected 513 RMG units face closure

Monira Munni 2017-11-28 12:00:00

Some 513 or one-third of the readymade garment (RMG) factories inspected under the national initiative (NI) have faced closure as they might have failed to compete in the market and comply with the re...

India's govt ‘wants rate cut’ before March

India's govt ‘wants rate cut’ before March

-- 2017-11-28 12:00:00

Indian finance ministry said that the government wants a rate cut sooner than that, putting a focus on the MPC meeting on Dec. 5-6, or when it next convenes in February. “We expect the RBI to c...

PM to launch RNPP construction Nov 30

PM to launch RNPP construction Nov 30

FE Report 2017-11-28 12:00:00

The government is all set to begin the construction phase of the 2,400 megawatt (MW) Rooppur Nuclear Power Plant (RNPP) with pouring the first nuclear concrete on Thursday (November 30). Prime Minist...

Govt okays Tk 23.12b project to rehabilitate Rohingyas

Govt okays Tk 23.12b project to rehabilitate Rohingyas

FE Online Report 2017-11-28 12:00:00

The government has approved a Tk 23.12 billion project to rehabilitate Rohingyas at Bhasanchar of Hatia in Noakhali district.  The Rohingyas will be rehabilitated at Bhasanchar on a temporary ba...

90m people alleviated from poverty: Muhith

90m people alleviated from poverty: Muhith

-- 2017-11-28 12:00:00

Nearly 90 million people have been alleviated from poverty line in the last eight years, claims Finance Minister AMA Muhith on Tuesday. "We've brought around 90 million people out of poverty line. B...

Sustainable economy must to realise SDGs: Inu

Sustainable economy must to realise SDGs: Inu

-- 2017-11-28 09:39:17

Information Minister Hasanul Haq Inu has said poverty alleviation and gender discrimination are the main barriers to achieving SDGs. To address these two key challenges he highlighted the involvement...

China's industrial profits surge in first 10 months

China's industrial profits surge in first 10 months

-- 2017-11-27 12:22:11

China's major industrial firms saw stronger profit growth, rose 23.3-per cent from one year earlier, in the first 10 months of this year, the National Bureau of Statistics (NBS) said Monday. Industr...

Government’s tax receipts fall Tk 33.55b short of Q1 target

Government’s tax receipts fall Tk 33.55b short of Q1 target

Doulot Akter Mala 2017-11-27 12:00:00

Tax-revenue collection fell short of the target by Tk 33.55 billion in the first quarter of the current fiscal year (FY). All of the three wings of the revenue board missed their respective targets i...