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The Financial Express

Search results for: economy

Economy to grow by 7.4pc: Muhith

Economy to grow by 7.4pc: Muhith

-- 2017-09-27 12:00:00

Bangladesh will achieve 7.4 per cent GDP growth in the current fiscal year (2017-2018), says the finance minister. “Every year, the World Bank estimates GDP growth lower than what happens. I th...

RBI to keep rates steady in Oct

RBI to keep rates steady in Oct

-- 2017-09-27 11:33:34

The Reserve Bank of India (RBI) will hold policy steady at its Oct. 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll foun...

BB for 1pc general provision for unclassified agro, micro credits

BB for 1pc general provision for unclassified agro, micro credits

-- 2017-09-27 09:44:19

Bangladesh Bank (BB) has asked all scheduled banks to keep one per cent general provision instead of the existing 2.5 per cent against all unclassified short-term agricultural and micro credits. "Ban...

WB projects 6.4pc GDP growth this year

WB projects 6.4pc GDP growth this year

-- 2017-09-27 02:23:41

The economy of Bangladesh is expected to grow by 6.4 per cent in the current fiscal year (FY18) driven by industry and services, said the World Bank in its latest Bangladesh Development Update. &nbsp...

Oil hits eight-month high

Oil hits eight-month high

-- 2017-09-26 12:35:30

LONDON, Sept 25 (Reuters): Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.The Nov...

Businesses, rights groups demand power tariff cuts

Businesses, rights groups demand power tariff cuts

FE Report 2017-09-26 12:00:00

Business bodies, rights groups and left political parties Monday demanded cuts, not any hike, in electricity tariff by increasing the efficiency level and decreasing generation from cost-intensive pla...

CPD to present GCR, findings of BD Biz Study Wednesday

CPD to present GCR, findings of BD Biz Study Wednesday

FE Online Desk 2017-09-26 12:00:00

The Global Competitiveness Report 2017-2018 (GCR 2017-18) and the findings of the Bangladesh Business Environment Study 2017 will be presented by Centre for Policy Dialogue (CPD) on Wednesday. The...

Taxmen chase eight insurers

Taxmen chase eight insurers

Doulot Akter Mala 2017-09-26 12:00:00

Revenue authorities made a decisive move to realise Tk 1.1 billion in back taxes from eight large insurance companies who have defaulted on the payment for long, officials said. The value-added tax (...

BD economy to grow 6.9pc this FY: ADB

BD economy to grow 6.9pc this FY: ADB

-- 2017-09-26 12:00:00

Bangladesh's economy is expected to grow at 6.9 per cent in the current fiscal year (FY18) while the inflation will remain within 6pc, according to the latest report of the Asian Development Bank (ADB...

Govt securities' yield falls as banks scramble to buy

Govt securities' yield falls as banks scramble to buy

Siddique Islam 2017-09-26 11:20:14

Yield on government securities took a downturn under a buying spree, especially as banks invest their excess funds in the instruments to reap double benefits. According to officials and market operat...

ADB raises China's growth forecast to 6.7pc

ADB raises China's growth forecast to 6.7pc

-- 2017-09-26 10:49:02

The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now ex...

VAT rules now up  for amendment

VAT rules now up for amendment

Doulot Akter Mala 2017-09-25 12:00:00

With a new law put on the backburner, government's revenue authority decided to amend the existing value-added tax (VAT) rules to digitise the taxing.   Sources said under the amended rules,...

Govt forms NCMID to improve business environment

Govt forms NCMID to improve business environment

-- 2017-09-25 08:58:32

A 15-member National Committee for Monitoring and Implementation of Doing Business Reforms (NCMID) has been formed to improve the country’s overall business environment. Cabinet secretary is th...

Govt awards package waiver on land-transfer charges

Govt awards package waiver on land-transfer charges

Doulot Akter Mala 2017-09-24 12:00:00

Registration and all other fees and stamp duty for land transfer by landowners to developers of private economic zones have all been waived as a stimulus. Government authorities believe the exempt...

Moody's downgrades UK credit rating

Moody's downgrades UK credit rating

-- 2017-09-23 12:50:09

Ratings agency Moody’s downgraded the UK's credit rating by a further notch on Friday over concerns about the public finances and fears Brexit could damage the Britain’s economic growth....

New pension provision hits upsetting headwind

New pension provision hits upsetting headwind

Jasim Uddin Haroon 2017-09-23 12:00:00

A newly introduced pension system executed from July now faces an upsetting blow amid opposition from 'influential' employees to part payout at retirement, sources said.   A government-approve...

Investors can buy BD bonds from abroad

Investors can buy BD bonds from abroad

Syful Islam 2017-09-23 12:00:00

Non-resident Bangladeshis (NRBs) can directly buy bonds from abroad under planned recast rules meant for making the investment tools attractive and boosting remittance into the country.   Offic...

Ministry, WB at loggerheads over issue of monitoring

Ministry, WB at loggerheads over issue of monitoring

FHM Humayan Kabir 2017-09-23 10:54:54

The ministry of education (MoE) and the World Bank (WB) are now at loggerheads over latter's monitoring of the government's US$18 billion education development programme planned for next five years....

China criticizes S&P credit rating cut

China criticizes S&P credit rating cut

-- 2017-09-22 12:33:25

China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision.” &...

Six banks under BB scanner

Six banks under BB scanner

Siddique Islam 2017-09-22 12:00:00

The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities.   As part of the move, the Bang...

WB suggests technological progress in manufacturing

WB suggests technological progress in manufacturing

FE Report 2017-09-22 11:59:41

The World Bank (WB) has said Bangladesh's low wages is not sufficient to be competitive in the global trade, rather it needs technological improvements in the manufacturing sector.   The glo...

BoJ keeps monetary policy unchanged

BoJ keeps monetary policy unchanged

-- 2017-09-21 12:53:35

The Bank of Japan (BoJ) kept monetary settings steady on Thursday, but a new board member opposed the decision, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe. &nbsp...

NBR, USAID jointly launch customs website

NBR, USAID jointly launch customs website

FE Report 2017-09-21 12:23:14

Bangladesh's revenue authority and USAID country chapter's trade- facilitation wing jointly launched a customs website Wednesday with interactive options encompassing entire spectrum of trading matt...

India growing pretty robustly: World Bank

India growing pretty robustly: World Bank

-- 2017-09-21 12:00:00

India has been growing ‘pretty robustly’, World Bank president Jim Yong Kim has said, as he predicted a strong global growth this year, reports PTI.   Speaking at the Bloomberg Glob...

Leather products may get 15pc cash incentive for next five yrs

Leather products may get 15pc cash incentive for next five yrs

FE Report 2017-09-21 10:26:15

The government is preparing a policy to continue providing the existing cash incentive to the leather goods and footwear sector for next five years, aims at boosting exports as well as attracting fore...

BIDA scarcely bears fruit yet

BIDA scarcely bears fruit yet

Doulot Akter Mala 2017-09-21 10:19:26

The birth of BIDA hardly bears fruits yet as the authority is still engrossed in setting its own house in order with policy reforms and bringing coordination among stakeholders.   Sources clo...

PM for taking pvt sector on board for SDG financing

PM for taking pvt sector on board for SDG financing

-- 2017-09-21 09:55:50

Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to address the financing gaps in implementing the SDGs as mobilisation of financial resources for the purpose appear...

‘Belt and Road’ can duly benefit developed,  developing states

‘Belt and Road’ can duly benefit developed, developing states

Jubair Hasan from Dunhuang in China 2017-09-20 12:00:00

The Chinese flagship move - commonly known as 'Belt and Road' (BR) - could deliver mutual and equal socio-economic benefits for both the developed and the developing countries, speakers said while ina...

BB to strengthen farm loan monitoring

BB to strengthen farm loan monitoring

Siddique Islam 2017-09-20 12:00:00

The central bank is going to strengthen its monitoring and supervision for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture...

Jamuna Bank  inks deal  with Titas Gas

Jamuna Bank inks deal with Titas Gas

FE Online Desk 2017-09-20 12:00:00

Jamuna Bank Limited recently signed an agreement with Titas Gas Transmission & Distribution Company Limited at Titas Gas Head Office. Under this agreement, Titas Gas subscribers can pay their gas...