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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Greece gets debt relief from euro zone

Greece gets debt relief from euro zone

-- 2018-06-22 11:55:29

Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet afte...

Malaysia names new central bank governor

Malaysia names new central bank governor

-- 2018-06-22 10:52:45

Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, following the exit of its prev...

BD for greater connectivity with India

BD for greater connectivity with India

-- 2018-06-21 18:40:08

Bangladesh High Commissioner to India Syed Muazzem Ali said Thursday that Bangladesh and India should co-operate in connectivity for the mutual benefit. "Connectivity offers a game-changing opportuni...

ECNEC okays e-passport project, 14 others

ECNEC okays e-passport project, 14 others

FE Online Report   2018-06-21 18:16:33

The Executive Committee of the National Economic Council (ECNEC) Thursday approved a project to make around 30 million e-passports to keep pace with other countries. The approval for the Tk 46.36 b...

ADP execution rate lower

ADP execution rate lower

FHM Humayan Kabir 2018-06-21 09:59:55

The government spent almost 63 per cent of the Annual Development Programme (ADP) allocations in the 11 months to May of fiscal year (FY) 2017-18. Planning Commission officials said the rate of the d...

New partnership to bridge revenue data gap

New partnership to bridge revenue data gap

Doulot Akter Mala 2018-06-21 09:53:07

The tax authorities are going to establish an institutional partnership for addressing the discrepancy in revenue collection data by the board and Controller General of Accounts (CGA) office. Recentl...

WB provides $50m to develop housing for slum dwellers

WB provides $50m to develop housing for slum dwellers

-- 2018-06-20 19:55:06

The World Bank has provided US$ 50 million to help develop standard housing facilities for the lower income people. Finance Minister Abul Maal Abdul Muhith came up with the statement while replying t...

'9.9 million new workforce by 2020'

'9.9 million new workforce by 2020'

-- 2018-06-20 17:56:56

About 9.9 million new workforce would be added to the country’s manpower sector by 2020 as planned in the 7th Five Year Plan. Prime Minister Sheikh Hasina came up with the statement while reply...

Economy gradually recovering: Japan

Economy gradually recovering: Japan

-- 2018-06-20 15:05:30

Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter. “Japan’s...

Budget reactions on telecom, ICT today

Budget reactions on telecom, ICT today

FE Online Desk 2018-06-20 13:18:25

Seven trade bodies/associations, mostly on telecom and ICT will hold a joint press conference Wednesday at 3.00 pm to present their budget reactions. The associations are AMTOB, BASIS, BACCO, BCS, BM...

NBR estimates huge loss in proposed corporate tax cut

NBR estimates huge loss in proposed corporate tax cut

Doulot Akter Mala 2018-06-20 09:54:02

The revenue authorities have estimated Tk 25 billion losses in corporate tax collection in the upcoming fiscal year (FY) provided the budgetary proposal made in this connection comes into force from J...

Planning minister hopes 10pc growth by 2029

Planning minister hopes 10pc growth by 2029

-- 2018-06-19 21:45:23

Planning Minister AHM Mostafa Kamal hopes Bangladesh will be able to attain 10 per cent economic growth by 2028-29, after implementation of mega projects. “No one can stop the country from atta...

Remittances rise ahead of Eid festival

Remittances rise ahead of Eid festival

FE Report 2018-06-19 10:59:31

The country received nearly US$ 900 million in remittances in the first half of the current month as overseas Bangladeshis sent higher volume of money back home ahead of the Eid-ul-Fitr festival,...

ADB to lend $50m for microenterprise development

ADB to lend $50m for microenterprise development

Syful Islam 2018-06-19 10:57:13

The Asian Development Bank (ADB) has agreed to lend US$50 million to help Bangladesh promote microenterprises led by women, finance ministry officials said. The fund will be channelled through Palli...

Fiscal incentives to rise in next fiscal year

Fiscal incentives to rise in next fiscal year

FE Online Report 2018-06-18 20:41:08

Fiscal incentives to agriculture, export and jute goods will increase in the next fiscal year, according to the proposed budget for FY19. It showed that the government allocates Tk 135.0 billion as f...

FDI accounts for 39pc of external finance for developing nations

FDI accounts for 39pc of external finance for developing nations

FE Online Report 2018-06-18 16:21:52

Foreign direct investment (FDI) accounted for 39 per cent of external finance on average for the developing nations between 2013 and 2017. World Investment Report (WIR) 2018 unveiled the estimation.&...

Global FDI flows may increase by 5.0 pc this year

Global FDI flows may increase by 5.0 pc this year

FE Online Report 2018-06-18 14:48:32

After a big drop in the past year, inflows of foreign direct investment (FDI) in the current year may increase by 5.0 per cent across the world. United Nations Conference on Trade and Development (UN...

Israel revises up annual GDP growth in first quarter

Israel revises up annual GDP growth in first quarter

-- 2018-06-18 14:18:51

Israel’s economy grew an annualised 4.5 per cent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of...

US pips India as top greenfield FDI investment destination

US pips India as top greenfield FDI investment destination

-- 2018-06-17 18:01:58

The US has surpassed India to become the top destination for greenfield FDI investment in 2017, says a report, according to a report by India based The Economic Times. The number of greenfield FDI p...

Net FDI drops by 4.20pc in July-April

Net FDI drops by 4.20pc in July-April

FE Online Report 2018-06-17 13:05:27

Net inflow of foreign direct investment (FDI) dropped by 4.20 per cent in the first 10 months of the current fiscal year. Latest statistics, released by the central bank last week, showed that the ne...

Seminar on services-led development begins June 19 in Tokyo

Seminar on services-led development begins June 19 in Tokyo

FE Online Desk 2018-06-17 12:53:55

A two-day international seminar titled ‘Services-Led Development: Prospects and Policies’, arranged by ADBI begins on June 19 in Tokyo. The seminar will present the latest evidence on how...

Modi to unveil New India 2022 plan Sunday

Modi to unveil New India 2022 plan Sunday

-- 2018-06-16 18:01:08

NEW DELHI: The Indian government will unveil Sunday its development agenda, New IndiaNSE  which will outline ways to expedite economic growth at its fourth governing council meet.  PM Modi...

Indian billionaires’ wealth up 18pc in 2017

Indian billionaires’ wealth up 18pc in 2017

-- 2018-06-16 15:43:40

The ultra-rich are getting richer at a faster pace in the country, according to the Times of India. At 18 per cent, persons with a wealth of more than $1.0 billion saw the highest growth in their for...

IMF rate of charge unchanged for two FYs

IMF rate of charge unchanged for two FYs

FE Online Desk 2018-06-16 11:51:00

  On April 25, 2018, the Executive Board of the International Monetary Fund (IMF) completed its annual review of the Fund’s income position for the financial year ending April 30,&nbs...

BD contributes 0.16pc of WTO budget

BD contributes 0.16pc of WTO budget

FE Online Report 2018-06-16 11:38:49

Bangladesh has contributed meagre 0.16 per cent of the annual budget of the World Trade Organisation (WTO) in the current year, according to the latest annual report of the organisation.  The m...

Nepal to host BIMSTEC summit on Aug 30, 31

Nepal to host BIMSTEC summit on Aug 30, 31

-- 2018-06-15 21:55:56

Kathmandu: Nepali Minister of Foreign Affairs Pradeep Kumar Gyawali Friday said the Fourth Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation would be held in...

Trump sets $50b in China tariffs

Trump sets $50b in China tariffs

-- 2018-06-15 20:35:40

US President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the wor...

450 workers mainly from BD, India stranded in Bahrain

450 workers mainly from BD, India stranded in Bahrain

-- 2018-06-15 20:11:26

Around 450 workers from multiple construction companies in Bahrain have been denied their wages for over four months, according to a report by www.migrant-rights.org/ All of the construction companie...

China promises fast response as Trump readies tariffs

China promises fast response as Trump readies tariffs

-- 2018-06-15 18:14:46

BEIJING: China vowed on Friday to strike back quickly if the United States hurts its interests, hours before US President Donald Trump was due to unveil revisions to a tariff list targeting $50 billio...

Trump's tariffs pose risk to US economy: IMF

Trump's tariffs pose risk to US economy: IMF

-- 2018-06-15 12:00:15

The International Monetary Fund warned on Thursday that US President Donald Trump’s new import tariffs threaten to undermine the global trading system, prompt retaliation by other countries and...