Loading...
The Financial Express

Search results for: economy

NEC downsizes annual development programme fund

NEC downsizes annual development programme fund

-- 2018-03-06 21:30:12

The National Economic Council (NEC) has approved a Tk 1,576 billion Revised Annual Development Programme (RADP), including organisations' own funds, for the current fiscal year (FY18) downsizing the o...

ADP implementation rate rises, expenditure doubles in three years

ADP implementation rate rises, expenditure doubles in three years

-- 2018-03-06 18:47:50

The implementation rate of the Annual Development Programme (ADP) during the July-February period of the current fiscal (FY18) marked a slight rise compared to that of the corresponding period in the...

Kuwait bans visas only for domestic helps: Shahriar

Kuwait bans visas only for domestic helps: Shahriar

-- 2018-03-06 18:19:44

Kuwait’s ban on recruiting Bangladeshi has no impact on overall work visas as it is applicable only for house helps. State Minister for Foreign Affairs Shahriar Alam revealed the information on...

RBA holds interest rates

RBA holds interest rates

-- 2018-03-06 15:14:18

The Reserve Bank of Australia (RBA) has left interest rates at record lows, as expected, and sounded less confident that the country’s economy would grow at 3.0 per cent or more this year. Th...

Edison Power, Hera Sweaters ink deal

Edison Power, Hera Sweaters ink deal

FE Online Desk 2018-03-06 13:16:46

An agreement signing ceremony between Edison Power Bangladesh Ltd (EPBL) and Hera Sweaters Limited (HSL) was held recently at Edison Group Head Office, Tejgaon Industrial Area for procurement of Bus B...

China sets 6.5pc GDP growth target for 2018

China sets 6.5pc GDP growth target for 2018

Ismail Hossain from Beijing 2018-03-06 10:43:54

China set its gross domestic product (GDP) growth target at 6.5 per cent on Monday for the year 2018, slower than 6.9 per cent achieved by the world's second largest economy last year. The fiscal def...

Deposit rates in reverse course as liquidity problem deepens

Deposit rates in reverse course as liquidity problem deepens

Siddique Islam 2018-03-06 09:35:22

The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall depo...

BEZA gets $17b investment commitment in 7 months

BEZA gets $17b investment commitment in 7 months

-- 2018-03-05 19:56:17

The Bangladesh Economic Zones Authority (BEZA) received investment commitment of $17 billion, including $8 billion as FDI, in last seven months. Executive Chairman of(BEZA) Paban Chowdhury came up wi...

Bangladesh, Vietnam to tap bilateral potentials for economy

Bangladesh, Vietnam to tap bilateral potentials for economy

-- 2018-03-05 18:38:00

Bangladesh and Vietnam agreed to explore the potentials of the geographical location, natural resources and prospective labour market of the two countries for mutual benefits.     Pres...

Thrust on stronger credit risk management

Thrust on stronger credit risk management

FE Online Report 2018-03-05 18:07:00

Experts have called for a stronger Credit Risk Management (CRM) aimed at reducing credit risks of the country's banking system by nearly 88 per cent. Moreover, an efficient risk management system c...

Kuwait imposes ban on recruiting Bangladeshi workers again

Kuwait imposes ban on recruiting Bangladeshi workers again

-- 2018-03-05 16:50:51

Kuwait has reinstated a ban on recruiting Bangladeshi workers following reports of some irregularities in recruitment and involvement in illegal activities. The northern Arabian Gulf state's Interior...

China increases defence spending by 8.1pc

China increases defence spending by 8.1pc

-- 2018-03-05 13:30:27

China has increased its defence budget by 8.1 per cent for 2018, largest rise in three years, fuelling the country’s ambitious military modernisation programme amid rising security concerns. Th...

Banking system 'trails economic growth pace'

Banking system 'trails economic growth pace'

FE Report 2018-03-05 10:03:49

Bangladesh's banking system, especially the central bank, falls behind the country's growth, creating a mismatch, says an expert. "If you look at the major indicators of Bangladesh's economy, includi...

Case against RCBC by April this year

Case against RCBC by April this year

FE Report 2018-03-05 09:08:13

Finance Minister AMA Muhith unveiled Sunday a government plan to sue Rizal Commercial Banking Corporation (RCBC) of the Philippines by April to recover the reserves stolen through cyber-heist. He s...

Bangladesh to seek Vietnam investment in economic zones

Bangladesh to seek Vietnam investment in economic zones

-- 2018-03-04 21:55:33

Bangladesh will focus on attracting investments in its special economic zones during talks with Vietnam's businesspeople accompanying visiting Vietnamese President Tran Dai Quang. Vietnamese Presiden...

Gold bribes given in $2b bank fraud case, says CBI

Gold bribes given in $2b bank fraud case, says CBI

-- 2018-03-04 12:19:34

An official of India’s Punjab National Bank received gold and diamond jewellery from a billionaire jeweller accused of being involved in a $2 billion bank fraud, the federal police told a court...

Vibrant private sector behind dev success, says Muhith

Vibrant private sector behind dev success, says Muhith

FE Report 2018-03-04 11:16:12

A vibrant private sector bears the real secrets of Bangladesh's development success in recent years, said Finance Minister AMA Muhith, sounding upbeat about the country's capability of graduating. "T...

Bhola in sight as potential natural gas 'hotspot'

Bhola in sight as potential natural gas 'hotspot'

FE Report 2018-03-04 10:16:52

Speakers at a seminar expressed their reservation about both estimate of gas reserve and the rate of its depletion in the country. They found the reserve underestimated and the rate of depletion ov...

NBR plans to adopt trader-friendly fiscal policy: Chairman

NBR plans to adopt trader-friendly fiscal policy: Chairman

-- 2018-03-03 20:25:56

The National Board of Revenue (NBR) plans to adopt a trader-friendly fiscal policy in the upcoming budget so that the businesspeople can submit revenues in a proper way. NBR Chairman Md Mosharraf Hos...

Panama Q4 GDP grows 4.9pc

Panama Q4 GDP grows 4.9pc

-- 2018-03-03 15:28:57

The Gross Domestic Product (GDP) in Panama grew 4.9 per cent in the fourth quarter (Q4), compared to the same period of 2016, the government has said. The Central American country’s annual gr...

Govt bailout remains crisis-fighting tool In Asia-Pacific banking

Govt bailout remains crisis-fighting tool In Asia-Pacific banking

FE Online Desk 2018-03-03 13:54:18

  MELBOURNE (S&P Global Ratings) -Asia-Pacific countries are likely to retain the flexibility of the government bailout option as a primary support mechanism in dealing with potential bankin...

Trump tariff would hurt US too, IMF warns

Trump tariff would hurt US too, IMF warns

-- 2018-03-03 10:33:02

The International Monetary Fund (IMF) has joined criticism of Donald Trump's plan to impose a 25 per cent tariff on steel imports and 10 per cent on aluminium. The body warned that such a move would...

Preparation underway to get back funds laundered abroad

Preparation underway to get back funds laundered abroad

Syful Islam 2018-03-03 00:27:10

The government moves to make mechanisms to bring back huge money siphoned off the country through various conduits, including false trade declarations. Officials said an inter-agency taskforce, which...

Bangladesh to push for opening bank branches early in Saudi Arabia

Bangladesh to push for opening bank branches early in Saudi Arabia

Mehdi Musharraf Bhuiyan 2018-03-03 00:00:00

Bangladesh would push for opening its own bank branches in Saudi Arabia at an upcoming negotiation, aiming to net remittances and funds from expatriates. Officials concerned said the latest bid for o...

One-stop investment service from June to streamline business operations

One-stop investment service from June to streamline business operations

-- 2018-03-02 18:00:27

Investors often complain about cumbersome service procedures and unnecessary delays in carrying out business activities in Bangladesh.  It so happens largely because of current multi-stop servic...

Japan unemployment rate hits 25-year low

Japan unemployment rate hits 25-year low

-- 2018-03-02 15:21:16

Japan’s jobless rate hit a 25-year low in January and job availability stayed at a two-decade high, government data showed on Friday. The core consumer inflation in Tokyo, a leading indicator o...

UN for inclusive growth in Bangladesh

UN for inclusive growth in Bangladesh

-- 2018-03-02 13:28:05

Appreciating the current economic growth in Bangladesh, the United Nations has laid emphasis on having an ‘inclusive’ growth without compromising with environmental sustainability. &ldquo...

MoRTB seeks twice the planned allotment for FY19

MoRTB seeks twice the planned allotment for FY19

Munima Sultana 2018-03-02 09:53:13

Ministry of Road, Transport and Bridges (MoRTB) has placed almost double demand than the government's proposed allocation in the budget for the next fiscal year (FY), 2018-19, on the ground of keeping...

Remittance drops in February

Remittance drops in February

FE Report 2018-03-02 09:39:21

The flow of inward remittance dropped by nearly 17 per cent in February despite maintaining an upward trend in the first eight months of the current fiscal year (FY), officials said. Bangladeshi nati...

BD, Russia, India sign deal over Rooppur power plant construction

BD, Russia, India sign deal over Rooppur power plant construction

FE Online Report 2018-03-01 21:06:57

Bangladesh, Russia and India have signed a memorandum on trilateral cooperation in the implementation of the Rooppur Nuclear Power Plant (RNPP) construction project. Russia's State Atomic Energy Corp...