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The Financial Express

Search results for: economy

RRB to fill 0.9m vacancies in 2018

RRB to fill 0.9m vacancies in 2018

-- 2018-05-11 14:35:00

The Railway Recruitment Board (RRB), Indian government organisation which manages the appointment of new employees to work in the railways, will fill 90,000 vacancies by this year. The Indian Railway...

US CPI inches up in April

US CPI inches up in April

-- 2018-05-11 12:44:55

The consumer price index (CPI) of United States increased slightly in April, suggesting that the Federal Reserve might continue current gradual pace in tightening the monetary policy. The CPI rose...

NGOs call for recognising  women’s unpaid work

NGOs call for recognising women’s unpaid work

FE Report 2018-05-11 00:27:26

There is a need for recognising women's unpaid work that usually falls outside the boundary of production, representatives of NGOs (non-governmental organisations) said Thursday. They said that the...

NEC approves Tk 1.73 trillion ADP for FY19

NEC approves Tk 1.73 trillion ADP for FY19

FE Online Report 2018-05-10 14:45:05

The National Economic Council (NEC) has approved a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal year (FY19). The approval came at a meeting at the NEC conference r...

India, Bangladesh finalise framework deal on $500m LOC

India, Bangladesh finalise framework deal on $500m LOC

-- 2018-05-10 13:59:12

India and Bangladesh on Wednesday finalized framework agreement to implement the Line of Credit (LOC) worth $500 million given by India last year for defence equipment needs of Bangladesh, according t...

WB forecasts 6.9pc growth for Cambodia in 2018

WB forecasts 6.9pc growth for Cambodia in 2018

-- 2018-05-10 11:56:14

The World Bank (WB) has forecasted a growth rate of 6.90 per cent for Cambodia this year, compared with a 6.8 per cent in 2017, driven by a recovery in textile exports, tourism and agricultural sector...

IMF projects 7.0pc growth in FY '18

IMF projects 7.0pc growth in FY '18

FE Report 2018-05-10 10:22:45

Bangladesh economy is set to grow by 7.0 per cent in the current fiscal year (FY), according to the latest projection of the International Monetary Fund (IMF). Fund's regional economic outlook for...

Forex reserve falls below US$ 32b

Forex reserve falls below US$ 32b

Siddique Islam 2018-05-10 10:15:56

Country's foreign exchange reserve (forex) fell below US$ 32 billion again on Wednesday, following a regular bi-monthly payment to Asian Clearing Union (ACU) and the central bank's direct selling of U...

NEC to approve Tk 1.73t Annual Development Programme today

NEC to approve Tk 1.73t Annual Development Programme today

FE Online Report 2018-05-09 19:07:45

The National Economic Council (NEC) is set to approve a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal today (Thursday), officials said Wednesday. The Council, heade...

'Fake audit reports hamper tax collection'

'Fake audit reports hamper tax collection'

FE Report 2018-05-09 17:08:36

Tax evasion by many a company forging financial statements is one of the key reasons behind the prevalence of black money in the country, the National Board of Revenue (NBR) chairman said on Tuesday....

Move to open direct banking channel with Russia

Move to open direct banking channel with Russia

Talha Bin Habib 2018-05-09 17:05:23

A move is underway to establish direct banking channel between Bangladesh and the Russian Federation, aiming to facilitate bilateral trade between the two countries, officials said. In the absence of...

Large loans make up 57.27pc of banks’ total lending

Large loans make up 57.27pc of banks’ total lending

FE Report 2018-05-09 16:53:26

Large loans account for around 57.27 per cent of the total lending by banks, mainly concentrated in Dhaka and Chattogram, according to a study. Foreign commercial banks (FCBs) have 73.09 per cent of...

Japan real wages edge up in March

Japan real wages edge up in March

-- 2018-05-09 14:00:30

Japanese real wages rose 0.8 per cent in March from a year earlier, snapping back from a revised 0.8 per cent annual decline in the previous month, labour ministry data out on Wednesday showed. &ldqu...

Workers’ outflow halves as Saudi jobs disappear

Workers’ outflow halves as Saudi jobs disappear

Arafat Ara 2018-05-09 10:27:17

Employment opportunity for Bangladeshi workers has shrunk in Saudi Arabia in recent months, worsened by its slow development work and restrictions on certain jobs for foreign workers, insiders have sa...

B'desh economy to overtake Taiwan by 2030

B'desh economy to overtake Taiwan by 2030

FE Report 2018-05-09 10:25:42

Bangladesh is a "minor" power among the 25 selected nations in the Asia-Pacific region and ranked 18th in an index that measures the overall influence of the countries. The Australian think-tank Lowy...

BB lists major risks facing economy, suggests ‘prudent management’

BB lists major risks facing economy, suggests ‘prudent management’

FE Report 2018-05-09 10:07:40

The central bank has recommended keeping close watch on higher credit growth, yawning current account deficit and inflationary risks for the sake of macroeconomic stability. "Strong credit growth, wi...

Muhith hints at corporate tax cut, power tariff rise

Muhith hints at corporate tax cut, power tariff rise

FE Report 2018-05-09 00:38:34

The price of electricity is likely to increase further in the days ahead due to the increase in the price of relevant raw materials, Finance Minister AMA Muhith has said. "Electricity price would g...

US job vacancy surges to record high

US job vacancy surges to record high

-- 2018-05-08 20:46:12

US job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers. Job openings, a measu...

Inflation dips slightly in April

Inflation dips slightly in April

FE Online Report 2018-05-08 19:19:03

The point-to-point inflation last month of the current fiscal (FY18) dropped by 0.05 percentage points compared to that of the previous month of March, showed official data. According to Bangladesh B...

Active MFS accounts slump 34pc in Aug-Mar ‘due to BB restraint’

Active MFS accounts slump 34pc in Aug-Mar ‘due to BB restraint’

Mehdi Musharraf Bhuiyan 2018-05-08 17:02:21

The number of active mobile money accounts has declined drastically in the country in the recent months following the central bank's new regulations on mobile financial services (MFS). According to t...

Philippines farm output rises in Q1

Philippines farm output rises in Q1

-- 2018-05-08 14:01:36

The agriculture production of Philippines rose 1.47 per cent in the first quarter of 2018 from a year earlier, driven by gains in crop, livestock and poultry sectors, the statistics agency said on Tue...

Fear of land grabbing mounts as private zones proliferate

Fear of land grabbing mounts as private zones proliferate

Jasim Uddin Haroon and Jubair Hasan 2018-05-08 12:24:28

The Bangladesh Economic Zones Authority (BEZA) is unlikely to give permission to establish small private economic zones anymore as it considers bringing utilities to a large number of tiny sites is...

Two SROs of NBR puzzle investors

Two SROs of NBR puzzle investors

Doulot Akter Mala 2018-05-08 09:36:32

Two statutory regulatory orders (SROs) of the National Board of Revenue (NBR) regarding tax exemption have created confusion among the investors of the private plants in economic zones (EZs), offici...

BB asks SoCBs to submit action plans

BB asks SoCBs to submit action plans

Siddique Islam 2018-05-08 09:34:51

The central bank has asked the five state-owned commercial banks (SoCBs) to submit their action plans as early as possible to improve financial health through reducing the volume of classified loans...

Next ADP size to reach Tk 1.73t

Next ADP size to reach Tk 1.73t

FHM Humayan Kabir 2018-05-08 09:27:21

The government is set to approve Tk 1.73 trillion Annual Development Programme (ADP) for the next fiscal year on Thursday, with the transport sector receiving the highest funds, officials said Monda...

MCCI chief calls for overcoming  hurdles to ensure green growth

MCCI chief calls for overcoming hurdles to ensure green growth

FE Report 2018-05-08 00:53:19

President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) Nihad Kabir said Bangladesh has been facing several challenges in environmental front. The challenges include air and water pol...

Bangladesh foreign exchange reserves rise to $33.11b

Bangladesh foreign exchange reserves rise to $33.11b

-- 2018-05-07 16:24:54

Bangladesh’s foreign exchange reserves rose to $33.11 billion at the end of April, $709 million higher than one month earlier. The central bank on Sunday also said the reserves were up nearly 2...

NBR investment promotion team embraces reps from pvt sector

NBR investment promotion team embraces reps from pvt sector

FE Report 2018-05-07 16:08:21

The National Board of Revenue (NBR) has formed an investment promotion team (IPT) comprising public and private sector representatives to frame investment-friendly tax policies. The 21-member IPT wou...

BD economy to post 7.4pc growth this fiscal: UNESCAP

BD economy to post 7.4pc growth this fiscal: UNESCAP

FE Online Report 2018-05-07 14:45:57

Bangladesh economy is set to post 7.40 per cent growth in the current fiscal year, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). The UN organisati...

Review workshop on credit operations of banks on May 8

Review workshop on credit operations of banks on May 8

FE Online Desk 2018-05-07 12:21:53

A review workshop on credit operations of banks, arranged by Bangladesh Institute of Bank Management (BIBM) will be held at BIBM auditorium on May 8. Deputy Governor of Bangladesh Bank, Abu Hena Mohd...