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The Financial Express

Search results for: economy

Rural tourism brings fortunes for China’s less-fortunate ones

Rural tourism brings fortunes for China’s less-fortunate ones

Jubair Hasan 2017-11-27 12:00:00

Rural or agriculture tourism has emerged as China's most effective weapon to fight out poverty by the target-year 2020, helping myriad people out of the vicious circle of misfortune. Not only is it i...

Govt always favours private sector promotions: PM

Govt always favours private sector promotions: PM

-- 2017-11-27 12:00:00

Prime Minister Sheikh Hasina on Monday said the government is always playing supportive role to promote the sector. Sheikh Hasina made the remarks while receiving blankets from the private sector com...

Bad loans worrisome for economy: ICC,B

Bad loans worrisome for economy: ICC,B

-- 2017-11-27 12:00:00

International Chamber of Commerce, Bangladesh (ICC,B) President Mahbubur Rahman has said continuous increase in bad loans is very alarming for the banking sector as well as the economy. "Because of b...

Surge in default loans 'alarming'

Surge in default loans 'alarming'

FE Report 2017-11-27 10:58:49

The rise in default loans is "alarming", says a study that favours effective use of audit committees by the private commercial banks and enlargement of their boards with experienced members as a remed...

Govt to issue three new bank licences

Govt to issue three new bank licences

-- 2017-11-27 09:49:08

Finance Minister AMA Muhith has revealed that the government is going to issue licenses for setting up three new banks. Removing all confusion over the permission of new banks, he categorically said,...

Global businesses look bullish about the road ahead

Global businesses look bullish about the road ahead

Reuters 2017-11-27 01:46:58

Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world’s biggest...

Muhith mulls Tk 4,680b budget for FY19

Muhith mulls Tk 4,680b budget for FY19

-- 2017-11-26 12:00:00

Finance Minister AMA has said that the outlay of the budget for the ensuing 2018-2019 financial year (FY19) may stand at Taka 4,680 billion. "We announced Taka 4,002.66 billion budget for the current...

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Jasim Uddin Haroon 2017-11-26 12:00:00

Government subsidies shrank in 2016-17 for subdued demand from some sectors to the relief of fiscal administrators from budget-deficit burden, but economists foresee a reversal this year. Officials c...

Many MNCs, liaison offices dodge tax-return filing

Many MNCs, liaison offices dodge tax-return filing

Doulot Akter Mala 2017-11-26 12:00:00

Government's revenue authority plans a search as many foreign companies, including liaison and representation offices, allegedly dodge submission of tax returns despite doing income-generating activit...

China lowers import duties on consumer goods

China lowers import duties on consumer goods

-- 2017-11-26 12:00:00

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3 per...

Gold market dependent on smuggling: TIB

Gold market dependent on smuggling: TIB

-- 2017-11-26 12:00:00

The Transparency International Bangladesh (TIB) has claimed that gold market is dependent on smuggling. TIB Executive Director Iftekharuzzaman made the remarks while addressing a press conference at...

Ratings on India affirmed at 'BBB-/A-3', outlook stable

Ratings on India affirmed at 'BBB-/A-3', outlook stable

FE Online Desk 2017-11-25 12:08:42

  MUMBAI (S&P Global Ratings) Nov 25, 2017--S&P Global Ratings affirmed its unsolicited   long- and short-term foreign and local currency sovereign credit ratings on the Republic...

BD needs to raise its spending threefold

BD needs to raise its spending threefold

FE Report 2017-11-25 12:02:42

Bangladesh needs to increase its spending on water-related projects by more than three times or could face an annual GDP loss of 1.6-2 per cent due to climate change, a recent government planning docu...

Blue economy untapped, BEC yet to gather pace

Blue economy untapped, BEC yet to gather pace

-- 2017-11-25 12:00:00

Settling maritime disputes with India and Myanmar opened up new potentials for Bangladesh to tap ‘blue economy’. But, according to a UNB report, no substantial progress has been mad...

'Fake data'  a threat to economic and financial stability

'Fake data' a threat to economic and financial stability

FE Online Desk 2017-11-25 12:00:00

"Fake data" is as much of a threat to economic and financial stability as "fake news" is to politics, a leading European central banker said on Friday, reports Reuters. European Central Bank boar...

Annual Banking Confce, 2017 begins Sunday

Annual Banking Confce, 2017 begins Sunday

FE Online Desk 2017-11-25 12:00:00

The Annual Banking Conference, 2017, arranged by Bangladesh Institute of Bank Management (BIBM) begins Sunday. Governor of Bangladesh Bank Fazle Kabir will inaugurate the two-day event as the chief...

Q1 sees Tk 42.64b budget surplus for spending slowdown

Q1 sees Tk 42.64b budget surplus for spending slowdown

Jasim Uddin Haroon 2017-11-25 09:54:51

The current fiscal year's first quarter saw a budget surplus worth Tk 42.64 billion mainly as the government couldn't go by its spending plans, sources said. As of September last, government mobilise...

Gold prices to go up from Sunday

Gold prices to go up from Sunday

-- 2017-11-25 08:34:32

The Bangladesh Jewellers Samity has hiked gold prices, to be effective from Sunday, as the winter season approaches. During the winter season, the wedding season in the country, demand for gold norma...

S Korean consumer confidence hits 7-year high

S Korean consumer confidence hits 7-year high

-- 2017-11-24 12:27:18

South Korea’s consumer confidence rose hit the highest in almost seven years amid eased geopolitical risks on the Korean Peninsula, central bank data showed Friday. The composite consumer senti...

British consumer confidence slumps

British consumer confidence slumps

-- 2017-11-24 12:03:27

British consumer confidence slipped after last year’s Brexit vote, partly because of this month’s interest rate hike and further signs of a slowdown in the housing market, a survey sh...

Singapore industrial output rises 14.6pc in Oct

Singapore industrial output rises 14.6pc in Oct

-- 2017-11-24 12:00:00

Singapore's manufacturing output rose 14.6 per cent in October compared to a year ago, driven by growth in electronics output, data from the Singapore Economic Development Board showed on Friday. The...

Malaysia inflation rate eases to 3.7pc

Malaysia inflation rate eases to 3.7pc

-- 2017-11-24 01:06:21

Malaysia's annual inflation rate in October was 3.7 per cent from a year earlier, government data showed on Friday, moderating from the previous month and lower than forecasts. A Reuters poll had pre...

S Korea external debt hits record high

S Korea external debt hits record high

-- 2017-11-23 12:59:38

South Korea’s ratio of short-term external debt to foreign exchange reserves touched a record 31.1 per cent by end-September from 30.8 per cent three months ago, data showed on Thursday. Short-...

Land ports earn Tk 1.11b in FY17

Land ports earn Tk 1.11b in FY17

-- 2017-11-23 12:00:00

The country's land ports have earned a total revenue of Tk 1.11 billion in fiscal 2016-17, while the expenditure in the same period was Tk 534.4 million. This was disclosed at the 48th meeting of th...

Industries outside EZs unlikely to get new gas line from next year

Industries outside EZs unlikely to get new gas line from next year

M Azizur Rahman 2017-11-23 09:44:25

New industries outside the country's economic zones (EZs) would hardly get piped natural gas connections from next year as the authorities have already started discouraging it. Officials said the mov...

Fed likely to raise interest rates in Dec

Fed likely to raise interest rates in Dec

-- 2017-11-23 03:50:59

US Federal Reserve officials are unlikely to raise interest rates in December, although the officials still divided over inflation outlook, Fed officials said after the latest monetary policy meeting....

Default loans leap over Tk 800b mark

Default loans leap over Tk 800b mark

FE Report 2017-11-22 12:00:00

Non-performing loans (NPLs) in Bangladesh's banking sector surged over Tk 800-billion mark for the first time at the end of September last. According to the latest statistics from the central bank, t...

BD needs 20pc more new power connections annually: UNCTAD

BD needs 20pc more new power connections annually: UNCTAD

FE Online Report 2017-11-22 12:00:00

Bangladesh requires some 20-30 per cent more new electricity connections every year to achieve the universal access to electricity by the year 2030. The projection has been made in the Least Develope...

Cabinet body okays 100,000mt rice import

Cabinet body okays 100,000mt rice import

-- 2017-11-22 12:00:00

Cabinet Committee on Public Purchase has approved import of 100,000 metric tons of non-Bashmoti parboil rice from open market. As per the proposal of the Food Ministry, the Food Directorate will...

Minister wants blue economy’s 5pc contribution to GDP

Minister wants blue economy’s 5pc contribution to GDP

-- 2017-11-22 10:24:24

Planning Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring five per cent contribution of the blue economy to the GDP to attain the Sustainable Development Goals (SDGs). "Using...