Loading...
The Financial Express

Search results for: economy

Labour-saving tech shrinks job growth

FE REPORT March 03, 2020 09:54:14

Employment growth in the manufacturing sector has decelerated in recent years, accelerated by investment in higher productivity, according to an economist. Rizwanul Islam, visiting senior fellow of t...

'Coronavirus outbreak plunging economy into worst downturn'

-- March 02, 2020 22:05:46

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development (OECD) warned on Monday. Th...

July-Feb remittance flow crosses $12b

SIDDIQUE ISLAM March 02, 2020 10:15:09

The flow of inward remittances crossed US$12 billion in the first eight months of this fiscal year (FY), despite a significant fall in February, officials said. The inflow of remittances grew by more...

Coronavirus outbreak batters economies

-- March 02, 2020 00:24:58

Amid fears about where the next outbreak of a fast-spreading new virus would appear, infections and deaths continued to rise across the globe Sunday, emptying streets of tourists and workers, shaking...

Writ challenges BB circular on single-digit loan interest

-- March 01, 2020 15:46:31

A writ petition was filed with the High Court on Sunday challenging a Bangladesh Bank circular that fixed 9 per cent loan interest. Law student Mahfuzur Rahman filed the petition with the High Court,...

Mexican exports grow 3.2pc in January

-- February 29, 2020 12:00:38

Mexico's exports grew 3.2 per cent year on year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Statistics and Geography (INEGI) has announced...

Brazil to review GDP growth projection

-- February 29, 2020 11:57:02

Brazil's gross domestic product (GDP) estimates will be reviewed, given the impact of the novel coronavirus epidemic, a government official has said. According to Adolfo Sachsida, economic policy sec...

Post office savings: Govt moves to make NID mandatory

JASIM UDDIN HAROON February 29, 2020 10:30:37

The government is set to make use of national identity cards mandatory for the people willing to open accounts with Sanchaya Bank which belongs to Bangladesh Post Office. The latest move is seen as a...

Japan's PM pledges to protect economy from coronavirus impact

-- February 28, 2020 12:37:15

Japanese Prime Minister Shinzo Abe has pledged to take policy steps as needed to prevent the coronavirus outbreak from dealing a severe blow to the country’s fragile economic recovery. Abe on F...

Coronavirus may bring fortune for Bangladesh

FE Report February 28, 2020 10:50:59

The spread of new coronavirus (COVID-19) in China may bring fortune for a booming economy like Bangladesh as many countries have by now realised that dependence on a single country for sourcing produc...

IMF projects 0.8pc growth for Zimbabwe in 2020

-- February 27, 2020 15:50:33

The International Monetary Fund (IMF) has projected a 0.8 per cent growth for Zimbabwe's economy 2020, much lower than a 3.0 per cent forecast by the Zimbabwe government. In a statement, the IMF on W...

Depositors’ money to be more secure under new act: BB

-- February 26, 2020 21:36:55

The Bangladesh Bank has said depositors’ money in banks and financial institutions will be more secure after implementation of proposed ‘Deposit Protection Act, 2020’. BB's chief sp...

Trump, Modi hope talks lead to phase one of US-India trade deal

Reuters February 26, 2020 13:21:24

US President Donald Trump and Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks that they hope can lead to the first phase of a bilateral US-India...

Bangladesh, India discuss ways to boost trade ties

-- February 25, 2020 22:30:08

Speakers at a seminar on Tuesday discussed trade and business opportunities between Bangladesh and India and ways to bolster trade relations taking advantage of the proximity. Indian High Commission...

India has 98pc of coal resources among BIMSTEC states: Report  

FE REPORT February 25, 2020 22:21:21

India is top with more than 98 per cent of coal resources, followed by Bangladesh 1.2 per cent among member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperat...

NEC approves second perspective plan

-- February 25, 2020 18:10:35

The National Economic Council (NEC) has approved the Second Perspective Plan of Bangladesh (2021-2041) in a bid to turn Bangladesh as a higher mid-income country by 2031 and a higher income and develo...

Tariff commission fears serious impact on trade with China

SYFUL ISLAM February 25, 2020 09:49:41

The impact of novel coronavirus on Bangladesh-China bilateral trade is already visible and may seriously affect it in the long run, the Bangladesh Trade and Tariff Commission has said. "Due to the vi...

BB sets 9.0pc interest rate on all loans

FE Report February 24, 2020 22:33:46

The central bank has instructed banks to fix a maximum 9.0 per cent interest rate on all loans except credit cards as part of the government initiative to bring down the lending rate to a si...

Seven committees to oversee development of SMEs

FE REPORT February 24, 2020 16:10:00

The Ministry of Industries (MoI) has formed seven separate committees to oversee the development activities of the country's small and medium enterprises (SMEs) sector. The committees are: SME busine...

‘Bangladesh economy to overtake Malaysia, Singapore in four years’

-- February 23, 2020 21:53:13

Finance Minister AHM Mustafa Kamal, citing the report of an international survey, on Sunday said the economy of Bangladesh will surpass that of Malaysia and Singapore by 2024. "The economy of Banglad...

'Analog cable-TV service costs govt Tk 120b a year'

-- February 23, 2020 20:39:20

The government loses Tk 100-120 billion in revenue every year as the cable operators are not digitised their services, said Information Minister Hasan Mahmud on Sunday, reports UNB. “The govern...

Second graduation ceremony of BIBM’s Certification Courses held

FE Online Desk February 23, 2020 14:27:29

The Graduation Ceremony of BIBM’s Certification Courses organized by Bangladesh Institute of Bank Management (BIBM) was held at BIBM premises recently. Fazle Kabir, Chairman of the BIBM Governi...

Banking commission must operate independently: CPD

-- February 22, 2020 21:33:43

The Centre for Policy Dialogue (CPD) has welcomed the government's decision to form a banking commission in a bid to pull the country's financial services sector out of its current slump. But the org...

Global telcos join Alphabet, SoftBank’s flying cellphone antenna lobbying effort

-- February 21, 2020 19:26:50

Alphabet and SoftBank’s attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory ap...

After Amazon, Walmart’s Flipkart challenges India antitrust probe

-- February 21, 2020 18:28:46

Walmart’s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its...

Daimler warns of “significant adverse effects” of virus outbreak

-- February 21, 2020 18:14:35

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world, according to Reuters. &...

BD eyes further economic ties with Turkey

-- February 21, 2020 15:51:11

Bangladeshi President Abdul Hamid called Thursday for greater trade and investment with Turkey to explore the potentials of the two countries in various sectors, reports Daily Sabah.  "There is...

Samsung Electronics names non-executive director as board chairman in company first

-- February 21, 2020 15:45:08

Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence, according to Reuters. Former Finance M...

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

-- February 21, 2020 15:25:57

In the days after a new virus was identified in China on December 31, global central bankers fell back on past experience for a comforting early analysis, according to Reuters. The SARS epidemic in 2...

Kuroda watching with ‘grave concern’ as virus hits Asian economies

-- February 21, 2020 14:44:40

Bank of Japan Governor Haruhiko Kuroda said he was watching the coronavirus impact on the economy with “grave concern,” in a nod to the growing toll the epidemic is taking on manufacturing...