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The Financial Express

Search results for: economy

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...

SoEs run deep in debt for government indifference

SoEs run deep in debt for government indifference

Jasim Uddin Haroon 2017-09-20 11:27:58

State-owned enterprises (SoEs) run deep in debt, as of latest calculations, as repayment rates stand much lower than borrowings for government's indifference towards their reform.   People fami...

BB to bend rules for banks  to invest beyond limit

BB to bend rules for banks to invest beyond limit

Syful Islam 2017-09-19 12:00:00

Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants. Sources said the Bangladesh Bank...

35 individuals, orgs get BB remittance award

35 individuals, orgs get BB remittance award

-- 2017-09-19 12:00:00

Thirty-five individuals and organisations, including five commercial banks, have been awarded the ‘Bangladesh Bank Remittance Award-2016’. They have got the award for sending home the hig...

Padma Bridge cost may rise third time

Padma Bridge cost may rise third time

-- 2017-09-19 10:34:05

The estimated cost of the much-hyped Padma Multipurpose Bridge Project is likely to see a rise for the third time by around Tk 14.0 billion (1,400 crore), reports UNB.   The new rise will take...

Government goes for augmenting non-tax revenue to meet needs

Government goes for augmenting non-tax revenue to meet needs

Rezaul Karim 2017-09-19 10:11:51

The government plans to augment non-tax revenues and non-NBR tax collection by exploring new areas to meet its growing fund needs, officials said. Besides, a hike in fees on different items under d...

Labour rights integral part of BD economy: PM

Labour rights integral part of BD economy: PM

-- 2017-09-19 08:54:53

Prime Minister Sheikh Hasina has said her government has taken the issue of labour rights as an integral part of the economy and society. “We are looking to the protection of labour rights as a...

Australia jobs pick-up to continue: RBA

Australia jobs pick-up to continue: RBA

-- 2017-09-19 02:12:24

Reserve Bank of Australia (RBA) has turned more upbeat on the economic outlook led by an improving labour market, although it remained worried about rising household debt and a strong local dollar. &...

Basic Bank’s total loans reach over Tk 65.38b

Basic Bank’s total loans reach over Tk 65.38b

FE Report 2017-09-18 12:00:00

The total amount of outstanding loans of Basic Bank Limited to 628 companies has reached over Tk 65.38 billion, while the bank also provided loans to 57 companies without any document. Basic Bank g...

BB issues new guideline for agent banking

BB issues new guideline for agent banking

-- 2017-09-18 09:49:30

Bangladesh Bank (BB) has issued a new guideline titled “Prudential Guidelines for Agent Banking Operation in Bangladesh” aimed at taking the banking services to the doorsteps of the people...

S pore exports increase 17pc in Aug

S pore exports increase 17pc in Aug

-- 2017-09-18 01:32:24

Singapore’s non-oil domestic exports surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.   Exports i...

NBR starts spl survey today to net businesses sans tax files

NBR starts spl survey today to net businesses sans tax files

FE Report 2017-09-17 12:00:00

Around 40 per cent of the city's hotels, restaurants, fast-food shops, guest houses and beauty parlours are yet to have tax files despite running full-fledged business, according to a preliminary esti...

India likely to be third largest economy by 2028: HSBC

India likely to be third largest economy by 2028: HSBC

-- 2017-09-17 12:00:00

India is prone to overhaul Japan and Germany to become the third largest economy in the next 10 years but needs to be unswerving in reforms and focus more on the social sector, British brokerage HSBC...

WB funds for bankrolling BD dev becoming costlier

WB funds for bankrolling BD dev becoming costlier

FHM Humayan Kabir 2017-09-17 09:46:35

Status change entails a cost as the World Bank is going to make lending to Bangladesh much costlier, with interest rates rising above 2.0 per cent, for the country's economic graduation.   Offi...

Demand slump deflates broad money growth

Demand slump deflates broad money growth

Jasim Uddin Haroon 2017-09-16 12:00:00

Bangladesh's broad money growth dropped in significant volume in the past financial year for what economists view a deflated investment demand both in public and private sectors.   Such low mo...

Agencies find terms binding Indian LoC-III tougher

Agencies find terms binding Indian LoC-III tougher

 FHM Humayan Kabir 2017-09-16 10:02:13

Agencies concerned find some terms and conditions attached to the use of India's fresh US$4.5 billion Line of Credit (LoC) for Bangladesh tougher and suggest the government should arduously negotiate...

Indonesia GDP rises slightly in Q3

Indonesia GDP rises slightly in Q3

-- 2017-09-15 12:00:00

Indonesia’s central bank expects economic growth to slightly improve in the third quarter and reach a range of 5.1-5.2 per cent, a senior official told reporters on Friday.   The accelera...

Import VAT waiver on LPG cylinders

Import VAT waiver on LPG cylinders

FE Report 2017-09-15 12:00:00

The National Board of Revenue has waived 15 per cent Value Added Tax (VAT) on import of iron and steel-made Liquefied Petroleum Gas (LPG) cylinders.   To this effect, the revenue board issued a...

Move to build Ctg-Cox's Bazar rail link progresses

Move to build Ctg-Cox's Bazar rail link progresses

-- 2017-09-15 05:19:48

Government’s initiatives to build a rail link between Dhaka and Cox’s Bazar progress. Two agreements in this connection were signed Thursday and another will be signed Saturday.   T...

Import VAT waiver  on LPG cylinders

Import VAT waiver on LPG cylinders

FE Report 2017-09-15 01:21:49

The National Board of Revenue has waived 15 per cent Value Added Tax (VAT) on import of iron and steel-made Liquefied Petroleum Gas (LPG) cylinders.To this effect, the revenue board issued a Statutory...

Efficient technologies to  reduce power wastage

Efficient technologies to reduce power wastage

FE Report 2017-09-15 01:16:25

Experts at a programme emphasised Thursday on initiating energy-efficient technologies in power sector to meet growing electricity demand with reduced consumption.They also said coal-based 'high effic...

US budget deficit up to $107.7b in Aug

US budget deficit up to $107.7b in Aug

-- 2017-09-14 12:16:50

The US federal budget deficit recorded a slightly larger in August than a year ago, while the deficit through the first 11 months of this budget year is well above the same period last year.  ...

ECNEC approves 10 projects involving Tk 51.81 billion

ECNEC approves 10 projects involving Tk 51.81 billion

FE Report 2017-09-14 12:00:00

The government approved Wednesday ten development projects involving a total cost of Tk 51.81 billion.   With Prime Minister Sheikh Hasina presiding, the Executive Committee of the National Eco...

Corporate debt, a debilitating drag on Indian economy

Corporate debt, a debilitating drag on Indian economy

Reuters 2017-09-14 12:00:00

  India’s cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest pace in more than three years. But t...

BD to import 1.4m mts fertilizer

BD to import 1.4m mts fertilizer

-- 2017-09-14 10:03:20

Bangladesh will import 1.4 million tonnes (mt) of fertilizer from Tunisia Saudi Arabia and Morocco during the 2017-18 fiscal year to meet the demand of farmers, an official document of the Ministry of...

ICAB confce on Finance Act Thursday

ICAB confce on Finance Act Thursday

FE Online Desk 2017-09-13 12:00:00

A Members' Conference on 'Changes in Income Tax brought by the Finance Act 2017 of Institute of Chartered Accountants of Bangladesh(ICAB) will be held Thursday at 5.00 pm at the ICAB Auditorium of CA...

India eyes product pipeline to Bangladesh, Myanmar

India eyes product pipeline to Bangladesh, Myanmar

-- 2017-09-13 11:20:01

  Bangladesh and India are in advanced stages of finalizing a project deal on product pipeline.   Bharat Petroleum (BPCL) is in talks with the Bangladesh government to set up around a 1.0...

Xi expresses hopes for global tourism boom

Xi expresses hopes for global tourism boom

-- 2017-09-13 02:06:06

Chinese President Xi Jinping sent a congratulatory message to the 22nd General Assembly of the United Nations World Tourism Organization (UNWTO), which opened Wednesday, saying he hoped for greater de...

BB to award highest remittance senders

BB to award highest remittance senders

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

Bangladesh Bank (BB) will give remittance award to the highest remittance senders and the highest remittance receiving institutions for encouraging Non Residence Bangladeshis (NRBs) to send money thro...

Middle income nation status before 2021: Kamal

Middle income nation status before 2021: Kamal

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

Bangladesh will become a middle income country before 2021, says the planning minister. “We are hopeful that our dream of becoming a middle income country will be fulfilled before 2021,”...