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The Financial Express

Search results for: economy

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Jasim Uddin Haroon November 26, 2017 09:57:07

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...

Gold prices to go up from Sunday

-- November 25, 2017 20:34:32

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...

Blue economy untapped, BEC yet to gather pace

-- November 25, 2017 19:15:20

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...

Annual Banking Confce, 2017 begins Sunday

FE Online Desk November 25, 2017 13:48:48

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...

'Fake data' a threat to economic and financial stability

FE Online Desk November 25, 2017 12:20:23

"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...

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

FE Online Desk November 25, 2017 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

FE Report November 25, 2017 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...

Q1 sees Tk 42.64b budget surplus for spending slowdown

Jasim Uddin Haroon November 25, 2017 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...

Malaysia inflation rate eases to 3.7pc

-- November 24, 2017 13:06:22

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...

Singapore industrial output rises 14.6pc in Oct

-- November 24, 2017 12:58:34

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...

S Korean consumer confidence hits 7-year high

-- November 24, 2017 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

-- November 24, 2017 12:03:28

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...

Land ports earn Tk 1.11b in FY17

-- November 23, 2017 17:10:47

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...

Fed likely to raise interest rates in Dec

-- November 23, 2017 15:50:59

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....

S Korea external debt hits record high

-- November 23, 2017 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-...

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

M Azizur Rahman November 23, 2017 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...

Minister wants blue economy’s 5pc contribution to GDP

-- November 22, 2017 22:24:24

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...

LDCs need minimum $12b yearly for electricity access: CPD

-- November 22, 2017 21:30:46

The Centre for Policy Dialogue (CPD) has said the Least Development Countries (LDCs) need to invest at least $12 billion to gain universal access to electricity by 2030. "To achieve universal access...

Cabinet body okays 100,000mt rice import

-- November 22, 2017 20:24:24

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...

Brazil economy likely to grow 3pc in 2018

-- November 22, 2017 13:19:09

The Brazilian economy is likely to grow more than 3.0 percent in 2018, perhaps even near 4.0 per cent, the head of Brazilian state development bank BNDES, Paulo Rabello de Castro, said. This suggests...

BD needs 20pc more new power connections annually: UNCTAD

FE Online Report November 22, 2017 11:44:22

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...

‘NBR to reveal key upshot on ML probe in due time’

FE Report November 22, 2017 09:38:20

The National Board of Revenue (NBR) has made significant progress in its investigation into money laundering (ML), which will be disclosed in time, said NBR Chairman Md Nojibur Rahman on Tuesday. R...

Default loans leap over Tk 800b mark

FE Report November 22, 2017 01:14:09

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...

Agro processors to showcase products, services

FE Report November 22, 2017 01:10:05

A three-day international food expo begins in the capital tomorrow (Thursday) aiming to create an avenue for greater interaction among the local and international food processing players. Some 250...

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- November 21, 2017 19:42:58

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

-- November 21, 2017 19:38:41

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk November 21, 2017 12:42:41

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Mobile-based financial transactions mark fall

Mehdi Musharraf Bhuiyan November 21, 2017 12:31:58

Fast-growing mobile-based financial transactions took a knock, dropping around 5.04 per cent, quarter on quarter, during the third quartile of this year. Sources concerned, however, attributed the do...

Singapore’s core inflation likely rise 1.5pc

-- November 21, 2017 11:09:57

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

FHM Humayan Kabir November 21, 2017 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...