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The Financial Express

Search results for: economy

Tender soon for privatising Chittagong port operation

FE Report July 30, 2017 08:44:08

An international tender will be called for privatising Chittagong Port operation, businesses were told Saturday as they made such suggestion and placed plans for upgrading the country's prime seaport....

ADB suspends loans for four BR projects

FE Report July 30, 2017 08:07:29

  Asian Development Bank (ADB) has suspended loans against four projects of Bangladesh Railway (BR) as the authorities could not make use of the fund within the period. Sources said the BR has...

Most bank boards ignorant of cyber risks, finds study

Mehdi Musharraf Bhuiyan July 29, 2017 09:54:42

A significant section of the country's banks and their governing bodies are not sure about what their major cyber threats are, a recent industry-wide survey on cyber risk governance has revealed. The...

BSC seeks tax waiver

Syful Islam July 29, 2017 07:43:33

Bangladesh Shipping Corporation (BSC) has again sought tax-VAT waiver against its procurement of vessels over next ten years, as the amounts will run into billions and affect its bid for 'survival', o...

Aid in pipeline swells to $ 36b

FHM Humayan Kabir July 29, 2017 07:38:24

A year-on-year steep rise in foreign-aid commitments virtually jammed the pipeline as disbursement didn't increase proportionately mainly for failure to execute projects in time, sources said. Failur...

New MPS may target higher investment in productive sectors

Siddique Islam July 26, 2017 09:21:29

Containing inflation and boosting investment particularly in productive sectors for maximum economic growth alongside job creation are at the core of the first-half (H1) yearly monetary policy the cen...

China's H2 GDP grows 6.7pc

FE Report July 25, 2017 11:13:35

China's economy is likely to grow at an annual rate of around 6.7 per cent in the second half of 2017, slowing slightly from the first half of the year, the State Information Center (SIC) said on Tues...

Another Indo-BD grid soon for power import

FHM Humayan Kabir July 25, 2017 07:51:13

Bangladesh will install another cross-border high-voltage transmission line for importing 500-megawatt electricity from India, officials said Monday.   This will be the second such line to be u...

IMF keeps global growth forecasts; China, eurozone revised higher

Reuters July 24, 2017 09:10:10

The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and Chi...

Capacity building essential to meet skill gap: Study report

FE Online Report July 24, 2017 08:48:09

  As the demand for the labour force is projected to increase from existing 63.5 million to 88.7 million in 2025, Bangladesh’s 10 leading sectors alone need 5.43 million trained labours in...

Farm-sector NPLs swell by Tk 11.16b in FY ‘17

Siddique Islam July 24, 2017 08:06:42

The volume of classified loans in the agricultural sector bloated by over 27 per cent or Tk 11.16 billion in the just-concluded fiscal year, dodging a close watch by the central bank. According to Ba...

Power generation ‘possible at lower cost' than estimated

FE Report July 23, 2017 08:32:31

Nat'l Committee unveils its master plan Unveiling a master plan (2017-41) on the power and energy system, the National Committee to Protect Oil-Gas, Mineral Resources and Power-Port claimed on Saturd...

Govt, WB to form $5.0m facility for public fiscal reform strategy

Mehdi Musharraf Bhuiyan July 22, 2017 07:48:14

  The government and World Bank (WB) have recently agreed to form a US$ 5-million worth Bank Executed Trust Fund (BETF) facility to steer the results of the recently formulated Public Financial...

Govt to set up 22 coal-fired power plants in four years

BSS July 22, 2017 07:34:51

The government has taken a plan to set up 22 coal-fired power plants in the next four years.   This was stated by State Minister for Energy and Mineral Resources Nasrul Hamid while talking to a...

Bangladesh 2nd largest provider of 'online labour'

-- July 20, 2017 15:34:55

Bangladesh is the second largest supplier of online labour, says a recent report, analysing data from e-platforms connecting freelancers with employers. India is the traditional labour outsourcing de...

Bangladesh to produce 4.2m tonnes fishes in FY16-17

-- July 20, 2017 10:28:50

Fish production in Bangladesh is estimated to increase to 4.04 million tonnes in 20015-16 fiscal year from 3.88 million tonnes in 2014-15 fiscal.   Fisheries and Livestock Minister Muhammed Say...

Dhaka congestion eats up 3.2m working hrs per day

-- July 20, 2017 10:24:00

Dhaka’s average traffic speed is now 7 kilometres an hour and congestion in the city eats up 3.2 million working hours per day, says a new World Bank (WB) analysis.   It states that many...

Boosting remittance inflow

-- July 20, 2017 10:21:27

Bangladesh Bank (BB) has started discussions with commercial banks to find the ways of increasing remittance inflow against the backdrop of its falling trend in recent months.   "According to t...

Bangladesh- Japan deal may disrupt Chinese BRI

-- July 20, 2017 10:18:49

The Japan International Co-operation Agency (JICA) and Bangladesh government signed a loan agreement recently to provide official development assistance (ODA) loans of up to 178.225 billion yen (appro...

Remittance falls for fraudulence: Survey

-- July 20, 2017 10:15:02

Although over the last two years migration flow from Bangladesh is increasing significantly the remittance flow dropped due to fraudulence practices in migration process.   “The current m...

BOJ keeps policy steady

-- July 20, 2017 09:57:10

The Bank of Japan (BOJ) kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target.   BOJ is reinforcing views that it will lag w...

Remittance falls for fraudulence: Survey report

-- July 19, 2017 18:32:47

Although over the last two years migration flow from Bangladesh is increasing significantly the remittance flow dropped due to fraudulence practices in migration process. “The current migration...

Bangladesh to produce 4.2m tonnes fishes in 2016-17

-- July 19, 2017 09:30:24

Fish production in Bangladesh is estimated to increase to 4.04 million tonnes in 20015-16 fiscal year from 3.88 million tonnes in 2014-15 fiscal. Fisheries and Livestock Minister Muhammed Sayedul Hoq...

Petrobangla pays Tk 65.3b in VAT, SD arrears to NBR

FE Report July 19, 2017 08:32:18

State-owned Petrobangla paid its outstanding value added tax (VAT) and supplementary duty (SD) worth over Tk 65.30 billion to the government last month, officials said.   The sum of VAT and SD...

ADB lends $526m for infrastructure dev projects under PPP

FE Report July 19, 2017 08:18:06

The Asian Development Bank (ADB) Tuesday approved a US$526 million loan to facilitate execution of infrastructure development projects in Bangladesh under the Public-Private Partnership (PPP) initiati...

Local apparel-makers lift objection to FDI in RMG outside EPZs

Syful Islam July 18, 2017 08:23:42

The country's apparel-makers have finally withdrawn their objection to foreign direct investment (FDI) in readymade garment (RMG) industry outside the export processing zones (EPZs), officials said....

Chinese FDI to Bangladesh up 100pc in five years

-- July 17, 2017 15:48:13

Chinese FDI to Bangladesh has marked 100 per cent growth in five years. This was informed by Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kasem Khan at a city function Bilateral trade...

Lankan co to make cylinder in Bangladesh

-- July 17, 2017 14:54:24

Laugfs Gas Bangladesh has taken a plan to set up a cylinder manufacturing plant in Bangladesh. It is part of the diversified Sri Lankan multinational Laugfs Holdings. Laugfs Gas Bangladesh currently...

Malaysia won’t detain any more Bangladeshi workers now

-- July 16, 2017 17:23:42

Malaysia authorities would not detain any Bangladeshi workers until December as Dhaka and Kuala Lumpur agreed in solving the illegal workers' issue though discussions. This was stated by Minister for...

Ivanka not in efforts to improve Bangladesh RMG Factories

-- July 16, 2017 11:28:32

  The first daughter continues to come under scrutiny. Ivanka Trump is getting called out for an apparent conflict between the way she conducts business and the way she ...