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The Financial Express

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ADBI seminar on worker survey in BD March 28

ADBI seminar on worker survey in BD March 28

FE Online Desk 2018-03-19 13:32:08

A seminar highlighting transitions between different types of formal and informal employment using the retrospective job history of 2,000 workers in two metropolitan areas of Bangladesh will be held i...

Xi's China elects new economic team

Xi's China elects new economic team

-- 2018-03-19 11:27:32

China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the wor...

Repayment system impedes microcredit expansion: Study

Repayment system impedes microcredit expansion: Study

FE Report 2018-03-19 10:46:32

The growth of microcredit in developing countries like Bangladesh has been showing a slower pace in recent times as many borrowers find it difficult to expand their business due to the existing repaym...

Some banks failing in provisioning against ballooning bad loans

Some banks failing in provisioning against ballooning bad loans

Siddique Islam 2018-03-19 09:22:11

Some banks are failing to keep requisite provisions against both classified and unclassified loans as the volumes of such problem credits kept ballooning, sources said. The findings came as the ove...

Government to give cards to all tax payers

Government to give cards to all tax payers

-- 2018-03-18 18:38:56

Anybody who has paid tax, irrespective of the amount, will get tax card as an incentive to pay tax properly in the furutre. Finance Minister AMA Muhith said it on Sunday while speaking at a pre-budg...

ADB seeks clearence to invest $120m in power sector

ADB seeks clearence to invest $120m in power sector

Syful Islam 2018-03-18 10:57:44

The Asian Development Bank (ADB) has sought clearance from the government to invest US$120 million under a private initiative in Bangladesh's power sector that struggles to serve an insatiable demand....

Govt plans four-lane highways to spice up south-western region

Govt plans four-lane highways to spice up south-western region

FHM Humayan Kabir 2018-03-18 10:25:07

The government has planned to build the country's longest multi-lane highways in south-western region to boost the rural economy, officials said Saturday. Government officials said the state-owned Ro...

Depositors now easy targets of govt, banks

Depositors now easy targets of govt, banks

Doulot Akter Mala 2018-03-18 10:06:54

The government is now milking the bank depositors to the maximum possible extent to extract tax revenues, at times, going beyond logic and norms. The depositors are being made to pay tax revenue in a...

Economy gradually recovering, Japan reiterates

Economy gradually recovering, Japan reiterates

-- 2018-03-17 14:15:19

The Japanese government left unchanged its assessment that the economy is gradually recovering, suggesting a recent growth streak is likely to continue as consumers spend more, exports rise and compan...

S&P Global raises issue ratings on SBI instruments

S&P Global raises issue ratings on SBI instruments

FE Online Desk 2018-03-17 11:23:14

SINGAPORE (S&P Global Ratings) March 17, 2018--S&P Global Ratings Friday said that it raised its issue ratings on the hybrid capital instruments issued by State Bank of Ind...

Lower spending likely to narrow deficit

Lower spending likely to narrow deficit

Jasim Uddin Haroon 2018-03-17 09:28:42

The country's budget deficit likely to remain below the level projected for the current financial year (FY) 2017-18 due to less-than-expected development and revenue spending. The budget deficit in t...

Government rethinks tax rebate on savings tools

Government rethinks tax rebate on savings tools

Syful Islam 2018-03-17 09:11:54

The government rethinks the continuation of tax rebate facility against investment in savings tools as a section of people are allegedly misusing such opportunity, officials said. The National Board...

BD fulfilled all criteria for LDC graduation, confirms UN

BD fulfilled all criteria for LDC graduation, confirms UN

-- 2018-03-16 19:39:18

Bangladesh has met all three criteria to consider for graduation from the least developed country (LDC) to a developing one. State Minister for Foreign Affairs M Shahriar Alam said the UN's Committee...

Kuroda wins second term at BoJ

Kuroda wins second term at BoJ

-- 2018-03-16 13:28:30

Japan's parliament approved Haruhiko Kuroda for a second term as Bank of Japan (BOJ) governor on Friday, Lower House Speaker Tadamori Oshima said. The central bank governor has been approved for an...

NBR invites trouble after doctoring tax collection data

NBR invites trouble after doctoring tax collection data

Doulot Akter Mala 2018-03-16 10:06:06

The National Board of Revenue (NBR) has run into trouble of setting increased tax collection target after "intentionally" cooking up last fiscal's receipt, people familiar with the situation said. Th...

Non-performing loans swell 19.51 per cent in 2017

Non-performing loans swell 19.51 per cent in 2017

Siddique Islam 2018-03-16 00:23:00

The volume of non-performing loans (NPLs) in the country's banking system jumped 19.51 per cent or Tk 121.31 billion in the last calendar year (2017) despite close monitoring of the central bank. The...

Thai PM for synchronising policies to create new trade, economic connectivity

Thai PM for synchronising policies to create new trade, economic connectivity

-- 2018-03-15 18:38:00

Thai Prime Minister Prayut Chan-o-cha has proposed that Bangladesh's 'Look East Policy' and Thailand's 'Look West Policy' may be synchronised to create new trade and economic connectivity corridors....

French c.bank revises up 2018 growth outlook

French c.bank revises up 2018 growth outlook

-- 2018-03-15 15:18:53

The Bank of France, the central bank of the European country, has revised up slightly its 2018 growth forecast to 1.9 per cent, after the French economy enjoyed its strongest growth in six years in 20...

RCC set to implement Tk 600m development projects

RCC set to implement Tk 600m development projects

-- 2018-03-15 11:19:30

Rajshahi City Corporation (RCC) is going to implement two major road and drain development projects with an estimated cost of around Tk 600 million. The development works include 191-kilometre roads...

$400m up for grabs for key infrastructure development

$400m up for grabs for key infrastructure development

Siddique Islam 2018-03-14 11:01:56

The central bank has undertaken Investment Promotion and Financing Facility (IPFF-II) project with over US$400 million disbursement target for infrastructure development in nine key sectors. An offic...

Completion of current projects takes priority in coming ADP

Completion of current projects takes priority in coming ADP

Syful Islam 2018-03-14 09:42:09

Government's election-year development programme will be focused on timely implementation of the ongoing projects, instead of undertaking new ones, alongside proper use of resources and optimum outp...

Over 100 dev projects await inauguration in Mymensingh

Over 100 dev projects await inauguration in Mymensingh

-- 2018-03-13 20:50:38

Prime Minister Sheikh Hasina is set to inaugurate a total of 100 development projects during her visit in Mymensingh. The premier is scheduled to visit the district on April 5. According to the offic...

Indian oil imports from Venezuela hits record low

Indian oil imports from Venezuela hits record low

-- 2018-03-13 14:35:26

Indian oil imports from Venezuela have fallen to their lowest levels in over half a decade, as a severe economic and political crisis hits crude output in the South American OPEC member. The oil imp...

Four big concurrent events at CHINAPLAS

Four big concurrent events at CHINAPLAS

FE Online Desk 2018-03-13 12:26:20

SHANGHAI, CHINA - 13 March - Development of plastics and rubber technologies has roared ahead like a tiger in current years. CHINAPLAS, as a leading trade fair, offers a technology-oriented platf...

Summit, Mitsubishi sign MoU for power plant, LNG terminal

Summit, Mitsubishi sign MoU for power plant, LNG terminal

FE Online Report 2018-03-13 12:22:05

Summit Corporation Ltd, a subsidiary of Summit Power International (SPI) along with Summit Holdings Limited signed a memorandum of understanding (MoU) with Japanese Mitsubishi Corporation and its su...

PM invites Singapore investors to explore opportunities

PM invites Singapore investors to explore opportunities

-- 2018-03-13 11:07:31

Prime Minister Sheikh Hasina on Tuesday invited the business community in Singapore to be Bangladesh's partners in its journey towards economic development as the country is now transforming. "Bangla...

Bangladesh about to meet LDC graduation criteria

Bangladesh about to meet LDC graduation criteria

Mehdi Musharraf Bhuiyan 2018-03-13 10:22:08

Bangladesh is set to get the qualifying marks for LDC graduation when the UN policy body sits for a review of the country status today (Tuesday). The 20th plenary meeting of the Committee for Develop...

BB strengthens forex support to banks, sells $55m

BB strengthens forex support to banks, sells $55m

FE Report 2018-03-13 10:11:27

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations, particularly for fuel oils, officials said. As part of the move, the...

Budget for FY19 to be placed on June 7

Budget for FY19 to be placed on June 7

-- 2018-03-12 21:15:26

Finance Minister Abul Maal Abdul Muhith on Monday said the next national budget will be placed before the parliament on June 7. He also hinted that the next budget will be of Tk 4.75 trillion. The...

VAT collection under LTU marks 30pc rise in Feb

VAT collection under LTU marks 30pc rise in Feb

-- 2018-03-12 20:09:29

Revenue collection under the Large Taxpayer Unit (LTU) of Value Added Tax (VAT) witnessed a 30 per cent growth in February of the current fiscal (FY18). LTU collection in February of FY18 was Tk 35.6...