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The Financial Express

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LDC graduation: ADB chief congratulates Bangladesh

LDC graduation: ADB chief congratulates Bangladesh

-- 2018-03-24 16:45:08

Asian Development Bank (ADB) President Takehiko Nakao has congratulated Bangladesh for meeting the criteria for graduation from Least Developed Country (LDC). The ADB president congratulated Prime Mi...

Trump signs $1.3 trillion budget deal, lifting veto threat

Trump signs $1.3 trillion budget deal, lifting veto threat

-- 2018-03-24 11:19:25

US President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending several hours of confusion spurred by a tweeted veto threat that raised the spectre of a gov...

Greater job creation a must in post-LDC era: Muhith

Greater job creation a must in post-LDC era: Muhith

FE Report 2018-03-24 09:39:29

Muhith prioritises greater job creation and better use of funds from some newer windows as experts focused on challenges and advantages to emerge from Bangladesh's much-vaunted LDC graduation. Speake...

Road up for repairs just one year after construction done

Road up for repairs just one year after construction done

FHM Humayan Kabir 2018-03-24 09:19:41

Just a year after construction of the Dhaka-Chittagong four-lane highway, the government department concerned goes for its maintenance and repair for some faults and damage, officials said. The Roads...

WB approves $15m loan for Bangladesh to improve statistics

WB approves $15m loan for Bangladesh to improve statistics

FE Online Report 2018-03-23 12:31:39

The World Bank (WB) has approved a $15 million loan to help Bangladesh produce timely and quality statistics. “This will help the country make more evidence-based policy decisions,” the...

Congress, Trump try to pass $1.3tr spending bill

Congress, Trump try to pass $1.3tr spending bill

-- 2018-03-23 12:23:05

The US Congress has voted to approve a $1.3-trillion government funding bill with large increases in military spending, sending it to President Donald Trump, who was expected to sign it into law. The...

Net FDI in July-Jan declines

Net FDI in July-Jan declines

FE Online Report 2018-03-23 11:53:04

Inflow of net Foreign Direct Investment (FDI) slightly declined in the first seven months of the current fiscal year, according to the latest statistics of the central bank. It showed that total net...

BB seeks Tk 3.0b for EEF operation

BB seeks Tk 3.0b for EEF operation

FE Report 2018-03-23 11:49:22

The Bangladesh Bank (BB) has requested the government to release a sum of Tk 3.0 billion for smooth operation of the Equity and Entrepreneurship Fund (EEF). "We have requested the finance ministry to...

Thrust on popularising hedging to curb risks

Thrust on popularising hedging to curb risks

FE Report 2018-03-23 09:35:27

Bangladesh needs to develop an effective benchmark interest rate along with broadening secondary bond market to popularise hedging mechanism for mitigating risks in future, senior bankers and expert...

China raises short-term market interest rates

China raises short-term market interest rates

-- 2018-03-22 17:44:21

China has raised its short-term market interest rates by 5 basis points (bps) following the US Federal Reserve Bank’s move overnight. The People’s Bank of China (PBOC) hiked the interest...

Govt launches project to address post-LDC challenges

Govt launches project to address post-LDC challenges

FE Online Report 2018-03-22 17:36:35

The government launched 'Export Diversification and Competitiveness Development Project (Tier-2)' at a programme at CIRDAP auditorium in the capital on Thursday. Organised by the Ministry of Commerce...

BB eases forex rules for shipping lines

BB eases forex rules for shipping lines

FE Report 2018-03-22 10:03:48

The central bank has relaxed foreign exchange regulations allowing the shipping lines to issue bills of lading to the name of importers after receiving advance payment instead the name of banks earlie...

Credit binge squeezes banks' liquidity

Credit binge squeezes banks' liquidity

Siddique Islam 2018-03-22 09:29:29

The overall excess liquidity with the country's banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the c...

Germany eyes 2.3pc GDP growth in 2018

Germany eyes 2.3pc GDP growth in 2018

-- 2018-03-21 19:16:28

The panel of economic advisers to the German government on Wednesday raised its growth forecast for the country to 2.3 per cent this year. They raised the growth forecast despite giving a stark war...

IMF for G20 policies to make growth more resilient

IMF for G20 policies to make growth more resilient

FE Online Desk 2018-03-21 11:42:49

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) Tuesday said the world is now passing an opportune moment to implement reforms to make growth more solid, sustainable, bal...

Factors that banks in major emerging markets are currently facing

Factors that banks in major emerging markets are currently facing

FE Online Desk 2018-03-21 11:24:47

SINGAPORE (S&P Global Ratings) March 21—While the improving global economy will help banks in the BRICS countries, S&P Global Ratings addresses the main risks confronting the lenders in...

RHD in a fix over extent of land acquisition

RHD in a fix over extent of land acquisition

Munima Sultana 2018-03-21 11:04:03

Roads and Highways Department (RHD) is in difficulty to implement its next four-lane highway project than other such projects due to requirement of acquiring a greater extent of land to widen only 190...

Economy fosters ‘job-rich growth’

Economy fosters ‘job-rich growth’

FE Report 2018-03-21 09:48:06

An official ratings agency says the Bangladesh economy can boast of fostering a 'job-rich growth', with the jobless rate remaining static at only 4.2 per cent last fiscal. Bangladesh Bureau of Statis...

Wider NBR drive to detect tax-dodging foreigners

Wider NBR drive to detect tax-dodging foreigners

Doulot Akter Mala 2018-03-21 09:26:22

Smelling large information gap in the data about registered foreign workers in Bangladesh, the tax authority now takes a wider survey on 40 companies to detect undocumented ones. As per the data comp...

S Africa's CPI to slow in February

S Africa's CPI to slow in February

-- 2018-03-20 14:57:22

The headline consumer inflation of South Africa slowed to 4.0 per cent year-on-year in February from 4.4 per cent in January, data from Statistics South Africa showed on Tuesday. On a month-on-mont...

Amu seeks WIPO support to accelerate industrialisation

Amu seeks WIPO support to accelerate industrialisation

-- 2018-03-20 14:47:33

Industries Minister Amir Hossain Amu on Monday sought technical support from the World Intellectual Property Organisation (WIPO) to accelerate the country's industrialisation. "Under the prudent poli...

Strong activity in Q1, but trade risks loom at APAC region

Strong activity in Q1, but trade risks loom at APAC region

FE Online Desk 2018-03-20 13:59:09

SINGAPORE (S&P Global Ratings) March 20--Trade risks could cast a shadow on strong economic activity in Asia-Pacific in the first quarter of 2018, said S&P Global Ratings in a report publish...

CCCI moves to build SEZ with own fund

CCCI moves to build SEZ with own fund

Our Correspondent 2018-03-20 10:55:43

With support of all directors and members, Chittagong Chamber of Commerce and Industry (CCCI) has decided to build a special economic zone (SEZ) here with its own fund. The decision was taken at an e...

New garment wage proposals to be ready in six months

New garment wage proposals to be ready in six months

FE Report 2018-03-20 09:19:35

The garment sector wage board asked the representatives of owners and workers to submit proposals for the minimum monthly pay for the entry-level workers. The board asked the parties to submit the pr...

Cost climbs as VAT  digitisation process lies in limbo

Cost climbs as VAT digitisation process lies in limbo

Doulot Akter Mala 2018-03-20 00:25:38

The digitisation process of the value-added tax (VAT) system under the VAT online project (VOP) of the National Board of Revenue (NBR) is in limbo due to the revenue board's foot-dragging in amending...

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...