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The Financial Express

Search results for: economy

'Get tough dealing with bad banks'

FE Report December 23, 2017 09:44:51

The central bank should take stricter stance while dealing with ongoing controversies over some "non-performing" commercial banks, a former Bangladesh Bank governor suggests. In the wake of such deve...

Surge of insurance sector displays increasing economic activities: Muhith  

-- December 22, 2017 19:09:21

The increasing economic activities of the country over the years are working as catalyst in driving the insurance sector forward. The sector, in return, is demonstrating a surge of economic activitie...

FBCCI urges India to remove NTBs

FE Report December 22, 2017 13:50:53

Country's apex trade body Thursday requested India to remove non-tariff barriers (NTBs) and establish direct air connectivity between Dhaka and Assam's capital Guwahati for boosting bilateral trade....

Fed still sees cyber risks two years after BB heist

-- December 22, 2017 13:24:58

The Federal Reserve, which was at the center of an unsolved $81-million cyber heist nearly two years ago, is ready for further talks with foreign counterparts to address the lingering risks of cyber...

Japan Nov core CPI seen steady

-- December 22, 2017 13:03:09

Japan’s nationwide core consumer price index (CPI) likely rose 0.8 per cent in November from a year ago, unchanged from October’s reading, a Reuters poll found on Friday. The country&rsqu...

Venezuela economy shrinks by 16.5pc in 2016

-- December 22, 2017 12:44:34

Venezuela’s economy shrank 16.5 per cent in 2016, the government said on Thursday, as the oil-dependent nation continued to slump as a result of weak crude prices. Venezuela’s governmen...

UK consumer confidence rises in Dec

-- December 22, 2017 12:20:01

Business confidence among British businesses has picked up to its highest level since July as firms expect a busier 2018, though optimism remains well below its level before last year’s Brexit v...

Bridges Division one of worst ADP implementers

FHM Humayan Kabir December 22, 2017 10:49:28

The Bridges Division is on the list of the worst performers among the big ministries implementing development projects, as execution of its key Padma Bridge project has faced setback, officials said o...

Connect economics with morality to build poverty-free society

FE Report December 22, 2017 00:59:35

Prof Dr Rehman Sobhan identified on Thursday a number of areas of ethical failures, including capital market, banking sector and functioning of commodity market. He also found ethical failures in o...

Directors destroyed Farmers Bank, Sylhet to get flyover: Muhith

-- December 21, 2017 23:58:53

The Finance Minister has said that the directors of The Farmers Bank Limited have destroyed the bank by way of looting. According to Mr AMA Muhith, "It's the directors who destroyed The Farmers Bank...

Banks, NBFIs asked to operate interbank card transactions thru NPSB

-- December 21, 2017 21:19:51

The central bank has asked the all the banks and NBFIs to connect their established Point of Sale (POS) with the National Payment Switch of Bangladesh (NPSB) by December 2018. The banks and NBFIs (no...

Bank of Japan stays upbeat on economy

Reuters December 21, 2017 10:53:44

The Bank of Japan kept monetary policy steady on Thursday despite growing signs of strength in the economy, signalling that it was in no rush to edge away from crisis-mode stimulus with inflation stil...

BB raises EDF allocation by 20 per cent

Siddique Islam December 21, 2017 10:38:27

The central bank has increased the allocation of Export Development Fund (EDF) scheme by 20 per cent or US$500 million aiming to facilitate the country's exporters for boosting their business activiti...

Most businesses yet to obtain e-BIN though deadline nears

Doulot Akter Mala December 21, 2017 10:03:12

Around 95 per cent of the businesses having VAT registration were still conducting import-export and other activities with their old identification numbers (BINs) the validity of which is set to expir...

ADP implementation 20.11pc in five months

-- December 20, 2017 21:10:18

Implementation rate of the annual development programme (ADP) during the July-November period of current fiscal year reached 20.11 per cent with an expenditure of Taka 329.97 billion. The rate was 19...

Five key barriers to PPP project implementation

-- December 20, 2017 20:41:01

Five key challenges should be addressed to effectively implement the projects taken under the Public Private Partnership (PPP) in Bangladesh, according to a new study of Bangladesh Institute of Bank M...

Factbox: What's in the final Republican tax bill

Reuters December 20, 2017 15:03:42

The US House of Representatives was expected to vote on Tuesday on a sweeping, debt-financed tax bill, with approval likely. House passage would send the bill on to the Senate, which could vote as soo...

Malaysia inflation rate eases in Nov

-- December 20, 2017 14:10:48

Malaysia's consumer price index rose 3.4 per cent in November from a year earlier, on higher transport costs, government data showed on Wednesday. The annual inflation rate matched the 3.4 per cent f...

Argentina passes pension reform despite protests

-- December 20, 2017 13:53:35

Argentina’s government has passed a reform to the pension system on Tuesday, after days of demonstrations by the bill’s opponents and violent clashes between protesters and police. The...

US Senate clears tax bill

Reuters December 20, 2017 12:03:55

The Republican-controlled US House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first...

Foreign aid inflow jumps by 91pc in five months

FHM Humayan Kabir December 20, 2017 10:22:07

Bangladesh received US$1.72 billion worth of foreign aid in July-November period this fiscal year (FY2017-18). The disbursements of the concessional medium- and long-term (MLT) assistance were 91 per...

Govt revenue receipts far off lofty target

Doulot Akter Mala December 20, 2017 09:51:36

Government revenue receipts remain far off an 'ambitious' target set for the current financial year (FY) as the collection in July-November period missed the mark by Tk 95 billion. By official count,...

Japan upgrades GDP growth forecast

-- December 19, 2017 15:45:08

Japan’s government revised up its growth projections for the current and next fiscal years, forecasting the economy to expand 1.9 per cent and 1.8 per cent respectively. Consumer inflation is e...

Chittagong port moves 27 notches up in container-handling

-- December 18, 2017 20:51:14

The country’s main seaport has set a record by advancing 27 notches in container-handling over the period of last eight years. A handout on Monday said Chittagong port was ranked 71st in 2016 a...

WB approves more loans for social safety-net programmes

FE Online Report December 18, 2017 18:48:21

The World Bank (WB) has approved a loan of $245 million to make the country’s social safety-net programmes accountable and transparent. The Board of Directors of WB approved the loan at its hea...

1.3m expat drivers could lose Saudi jobs

-- December 18, 2017 13:13:57

About 1.3 million foreign drivers in Saudi Arabia are likely to lose their jobs as its kingdom prepares to issue driving licences to women. According to an Arab News report, run by bdnews24, 87.2 per...

Banks’ falling asset quality may weaken lending capability

FE Report December 18, 2017 12:52:00

Declining asset quality of Bangladesh's banks could weaken their lending capability, says Moody's as it already finds them in "tighter liquidity conditions". However, the US-based global credit-ratin...

Japan exports boom in Nov

-- December 18, 2017 11:42:22

Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world’s third-biggest economy. Data from the Ministry of Finance showed exports grew 16.2 per ce...

‘Banks should court mergers and acquisitions for bailout’

Mehdi Musharraf Bhuiyan December 18, 2017 10:03:38

Banks in Bangladesh should go through mergers and acquisitions, which a leading banker believes will make the overall banking sector better and stronger through troubleshooting. "I think merger and a...

Thrust on stopping fake currency flow between India, BD

-- December 17, 2017 21:06:31

A joint task force has emphasised on increasing cooperation between India and Bangladesh to check flow of fake currency between the two countries.  The call was made on first day of the three-da...