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The Financial Express

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Singaporean retail sales fall 8.4pc in Jan

Singaporean retail sales fall 8.4pc in Jan

-- 2018-03-12 16:31:03

The retail sales of Singapore went down 8.4 per cent in January year-on-year, comparing to a re-calculated 6.3-per cent rise last December, the Department of Statistics of Singapore has said. The...

Govt realises Tk 3.88b income tax in Rajshahi till Feb

Govt realises Tk 3.88b income tax in Rajshahi till Feb

-- 2018-03-12 14:28:48

The government has realised income taxes of Tk 3.88 billion in the first eight months of the current 2017-18 fiscal year in Rajshahi zone, more than Tk 1.00 billion in the same time of the previous fi...

US adds 313,000 jobs in February

US adds 313,000 jobs in February

-- 2018-03-12 12:42:52

The US economy added 313,000 jobs in February, the biggest number of jobs in more than 1-1/2 years, but a slowdown in wage growth pointed to only a gradual increase in inflation this year. Data for...

Bangladesh, Singapore ink MoUs on air service, PPP

Bangladesh, Singapore ink MoUs on air service, PPP

-- 2018-03-12 11:54:52

Bangladesh has signed two Memorandum of Understanding (MoUs) on air service and public private partnership (PPP) with Singapore. The MoU was signed on Monday at the Istana, office of the President of...

Govt doles out Tk 20b  to recapitalise banks

Govt doles out Tk 20b to recapitalise banks

Rezaul Karim 2018-03-12 00:27:36

The government will give Tk 20 billion in a latest dollop to state-run banks to meet their capital shortfall, officials said, at a time when reports are rife on irregular big lending. The funds are s...

Muhith rules out ambitious target in next budget

Muhith rules out ambitious target in next budget

-- 2018-03-11 21:32:52

Finance Minister Abul Maal Abdul Muhith Sunday said there would be no ambitious target in the next national budget. He also said the budget size is likely to be in between Tk 4.60 trillion Tk 4.75 tr...

Businesses are too greedy: Muhith

Businesses are too greedy: Muhith

-- 2018-03-11 19:54:44

Finance Minister Abul Maal Abdul Muhith has termed Bangladesh’s businesses too greedy as 'they want to do business without taxes'. The finance minister made the allegation following a meeting w...

Will not bail out struggling banks: Tanzania president

Will not bail out struggling banks: Tanzania president

-- 2018-03-11 14:57:29

Tanzania’s President John Magufuli has ordered the country’s central bank not to bail out any struggling banks as East Africa’s third-largest economy tries to control rising bad debt...

Stagnant private investment ‘poses a major challenge’

Stagnant private investment ‘poses a major challenge’

FE Report 2018-03-11 10:41:47

A "stagnant" state of private-sector investment as a ratio to GDP (gross domestic product) would stand as one of major challenges facing Bangladesh for smooth transition from the LDC status. Speakers...

Economists fret as money supply falls

Economists fret as money supply falls

Jasim Uddin Haroon 2018-03-11 10:14:59

Growth of "broad money" continues to decelerate in the country that implies that the money supply to the economy is gradually contracting as the government tightens the purse strings, sources said. E...

Govt mulls new farm policy to boost food production

Govt mulls new farm policy to boost food production

-- 2018-03-10 19:04:34

Every year up to two million people add up to Bangladesh’s 165 million population. To feed the yearly add-on, an additional 500,000 metric tons (MT) of food is required to produce. With the cu...

RBI turns up heat on lenders after mega loan fraud

RBI turns up heat on lenders after mega loan fraud

-- 2018-03-10 13:08:17

The Reserve Bank of India has asked commercial lenders to provide it with details of all letters of undertaking - a form of credit guarantee at the centre of an alleged $2 billion fraud - issued by th...

BCIC incurs Tk 3.9b in loss for gas shortage

BCIC incurs Tk 3.9b in loss for gas shortage

Jubair Hasan 2018-03-10 10:12:57

Bangladesh Chemical Industries Corporation (BCIC) is in a fix for witnessing a massive loss to the tune of Tk 3.9 billion after making profits in the recent years, said officials concerned. The offic...

Gas crisis hits industries, kitchens, CNG filling stations hard

Gas crisis hits industries, kitchens, CNG filling stations hard

FE Report 2018-03-10 09:47:15

Daily life becomes a misery in many parts of the capital for severe fall in pressure of the piped gas supply to households, city-dwellers lament, as they count an extra cost of living. Officials in t...

Sonali Bank seeks Tk 60b bailout urgently

Sonali Bank seeks Tk 60b bailout urgently

Rezaul Karim 2018-03-10 09:22:02

The state-owned Sonali Bank has sought guarantee worth Tk 60 billion from the government to meet its huge capital shortfall urgently, officials said. According to data available until September, Sona...

Ratio of direct green finance declines

Ratio of direct green finance declines

FE Online Report 2018-03-10 00:00:00

The ratio of direct green finance to total green finance by banks and financial institutions declined in the past year, according to latest central bank statistics. It showed that the ratio of direct...

Japan central bank keeps policy steady

Japan central bank keeps policy steady

-- 2018-03-09 15:01:26

Japan’s central bank kept monetary settings unchanged on Friday and stuck to its upbeat view on the economy, underscoring its conviction that its massive stimulus programme is helping drive infl...

Indian retail inflation likely eases

Indian retail inflation likely eases

-- 2018-03-09 12:16:22

The retail inflation of India likely eased to a four-month low in February on softening prices for vegetable and other perishable foods, a Reuters poll showed. The inflation likely to fall but probab...

CPD public dialogue on BD's graduation from  LDC Saturday

CPD public dialogue on BD's graduation from LDC Saturday

FE Online Desk 2018-03-09 11:16:26

A public dialogue titled 'Bangladesh’s Graduation from the LDC Group: Pitfalls and Promises' will be held Saturday in the city. The Centre for Policy Dialogue (CPD) organised the event , said...

Forex reserve slips below $32b

Forex reserve slips below $32b

Siddique Islam 2018-03-09 11:08:01

Country's foreign exchange reserves slipped below US$ 32 billion after more than two months due to highest-ever import payments settled bi-monthly with Asian Clearing Union (ACU). It paid $1.56 bil...

BD state-owned banks prone to sizeable liability risk: Moody's

BD state-owned banks prone to sizeable liability risk: Moody's

-- 2018-03-09 09:50:12

Bangladesh's banking sector risk has been assessed as 'moderate' by the international credit rating agency Moody's, which said it reflects sizeable contingent liability risks from state-owned banks....

IMF for market-based pricing of savings tools

IMF for market-based pricing of savings tools

FE Report 2018-03-09 09:29:01

The visiting International Monetary Fund (IMF) mission suggested tighter eligibility criteria and move towards market-based pricing to reduce reliance on national savings certificates, help strengthen...

Euro zone economy sees strong growth at last year’s end

Euro zone economy sees strong growth at last year’s end

-- 2018-03-08 11:48:26

The euro zone economy grew by 0.6 per cent in the final quarter of last year, European statistics agency Eurostat confirmed on Wednesday, ensuring that the single currency bloc expanded at its fastest...

Chinese co set to win 48km Dhaka bypass road project

Chinese co set to win 48km Dhaka bypass road project

FE Report 2018-03-08 10:40:21

Roads and Highways Department (RHD) has finally selected a Chinese joint venture company for construction of Dhaka bypass road under public private partnership (PPP) initiative. Sources said the comp...

Economist sees jute as next growth driver

Economist sees jute as next growth driver

FE Report 2018-03-08 10:30:54

Proper policy support and adjustment of fiscal burden could help the jute sector become one of the important economic growth drivers of the country, said economist Dr Hossain Zillur Rahman on Wednesda...

NBR sets all wings to combat money laundering

NBR sets all wings to combat money laundering

Doulot Akter Mala 2018-03-08 09:24:27

Watchdogs of all wings of the National Board of Revenue (NBR) are now set to sniff out money-laundering offences, as limited probe authority proved insufficient. Officials said the revenue board now...

Jute production witnessed 8.0pc rise in 2017

Jute production witnessed 8.0pc rise in 2017

-- 2018-03-07 21:46:08

Jute production witnessed 8 per cent increase in 2017 comparing previous year, said State Minister for Textiles and Jute Mirza Azam The state minister informed that farmers produced 9.2 million bales...

Moves underway to create 28,000 women entrepreneurs in next five yrs

Moves underway to create 28,000 women entrepreneurs in next five yrs

-- 2018-03-07 20:34:30

Over 28,000 new women entrepreneurs will be created across the country in the next five years in a bid to make them self-employed, according to an official document. The document on the Prime Ministe...

More female workforce means higher GDP: Studies

More female workforce means higher GDP: Studies

FE Online Desk 2018-03-07 15:47:55

More female workforce participation in a country corresponds with higher GDP, as does greater gender equality overall, a growing body of research suggest. And a crucial element of this is boosting fi...

US economy's ‘headwinds shifting to tailwinds’

US economy's ‘headwinds shifting to tailwinds’

-- 2018-03-07 11:50:04

Things are looking up for a US economy that struggled in recent years to boost growth and inflation, so the Federal Reserve should expect to gradually raise interest rates, an influential Fed governor...