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The Financial Express
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Search results for: economy

GDP growth hits 7.86pc, exceeding expectations

GDP growth hits 7.86pc, exceeding expectations

FE Online Report 2018-09-18 16:40:25

Bangladesh economy has attained a stirring 7.86 per cent growth in the last fiscal year 2017-18 (FY18), driven by the expansion of industrial and agricultural sectors, government data showed Tuesday....

Japan land prices post 1st rise in 27 years

Japan land prices post 1st rise in 27 years

-- 2018-09-18 14:51:05

The average land prices of Japan has rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, according to a governme...

Imports witness 16pc growth in July

Imports witness 16pc growth in July

Siddique Islam 2018-09-18 09:25:21

A whopping 274 per cent rise in fuel oil import enhanced country's overall imports growth by nearly 16 per cent or US$ 640.40 million in July, officials said. The settlement of letters of credit (L...

BD needs assistance from IFC in bigger way: Muhith

BD needs assistance from IFC in bigger way: Muhith

-- 2018-09-17 21:32:35

Finance Minister Abul Maal Abdul Muhith has said Bangladesh needs assistance from the International Finance Corporation (IFC) in bigger way. The minister also sought cooperation of IFC to increase th...

UK faces worse outlook if no Brexit deal: IMF

UK faces worse outlook if no Brexit deal: IMF

-- 2018-09-17 15:28:46

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union (EU) next year without a deal than if it reaches a Brexit agreement, IMF said...

Job creation, fiscal stability to be hurdles

Job creation, fiscal stability to be hurdles

FE Report 2018-09-17 10:43:39

Creating enough jobs, improving investment climate and ensuring financial stability would be major challenges for Bangladesh to meet her post-LDC (least developing country) requirements, opined econ...

Expert suggests Ctg port takeover by int'l operators

Expert suggests Ctg port takeover by int'l operators

FE Report 2018-09-17 09:41:20

The management of the country's main sea port Chittagong should be handed over to an international port management entity to increase its efficiency, an international expert has said. Similar approac...

India finance minister says govt confident of meeting fiscal deficit target

India finance minister says govt confident of meeting fiscal deficit target

-- 2018-09-16 15:42:54

Finance Minister Arun Jaitley said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 per cent of gross domestic product in the current fiscal year, a day after o...

Urban pollution costs BD $6.5 billion every year: WB report

Urban pollution costs BD $6.5 billion every year: WB report

FE Report 2018-09-16 13:27:46

Bangladesh loses about $6.5 billion due to pollution and environmental degradation in urban areas every year, according to a World Bank report. This amount is equivalent to 3.4 per cent of the countr...

Coal India seeks ‘coal export policy’

Coal India seeks ‘coal export policy’

-- 2018-09-16 13:07:30

Coal India Limited (CIL), the country’s state-run coal mining company, wants a policy on coal exports before it could finalise commercial contracts for exporting the dry fuel, official sa...

LGED in a hurry to take up road projects

LGED in a hurry to take up road projects

FHM Humayan Kabir 2018-09-16 09:26:30

The government is in a hurry to get rural infrastructure development projects involving substantial volume of funds approved by the Planning Commission (PC) before the forthcoming national elections,...

Secondary trading of t-bills, bonds drop 62pc in Jan-Aug

Secondary trading of t-bills, bonds drop 62pc in Jan-Aug

FE Online Report 2018-09-15 17:36:01

Secondary trading of treasury bills and treasury bonds dropped sharply in the first eight months of the current calendar year, according to the latest statistics of the central bank. It showed that v...

Islamic banks’ investment jumps by 17pc in FY18

Islamic banks’ investment jumps by 17pc in FY18

FE Online Report 2018-09-15 17:25:18

Total investment by the country’s Islamic banking industry stood at Tk 2.16 trillion at the end of the past fiscal year (FY18). Bangladesh Bank statistics also showed that the investment by the...

US prices of imports, exports edge down in Aug

US prices of imports, exports edge down in Aug

-- 2018-09-15 12:13:53

United States import prices dropped 0.6 per cent and exports prices edged down 0.1 per cent in August, the US Department of Labor reported on Friday. The decline of import prices in August was the...

Carbon tax can juice up BD GDP: WB

Carbon tax can juice up BD GDP: WB

FE Report 2018-09-15 10:13:26

Bangladesh can boost its tax-GDP ratio by around 10 per cent by introducing carbon tax in the country, a recent World Bank study has said. Such type of tax can help the country reduce environmental...

WB lists barriers that make long-term finance scarce

WB lists barriers that make long-term finance scarce

Syful Islam 2018-09-15 10:01:12

The World Bank has identified five impediments to developing long-term finance in Bangladesh, officials said. The Washington-based lender has cited the weak points in a diagnostic report prepared und...

Loan restructuring goes awry as borrowers violate terms

Loan restructuring goes awry as borrowers violate terms

Jasim Uddin Haroon 2018-09-15 09:57:11

The special loan restructuring facility offered to some businesses on the grounds of political instability in 2014 have yielded little results in keeping them out of the "default-cycle". The central...

BKB to disburse Tk 2.02bn loans in Narsingdi

BKB to disburse Tk 2.02bn loans in Narsingdi

-- 2018-09-14 16:26:18

Bangladesh Krishi Bank (BKB) Narsingdi region has taken a plan to disburse Tk 2.02 billion as agriculture loans among farmers of the district during the current fiscal year 2018-19. BKB sources said...

China sees steady employment in August

China sees steady employment in August

-- 2018-09-14 13:44:01

The job market in the second largest economic country of the world remained stable in August, with the unemployment rate at a relatively low level, official data showed Friday.    The unemp...

Broader govt-pvt sector role vital for achieving SDGs

Broader govt-pvt sector role vital for achieving SDGs

FE Report 2018-09-14 10:55:00

Broader collaboration between the government and the private sectors is vital for achieving the sustainable development goals (SDGs), said speakers at a discussion on Thursday. They also underscored...

BB fears inflationary pressure from pricey global commodities

BB fears inflationary pressure from pricey global commodities

Jasim Uddin Haroon 2018-09-14 09:40:45

The rate of 'expected inflation' is predicted to rise this fiscal year driven by higher global commodity prices and exchange rate movement, the central bank has said. The Bangladesh Bank, which prepa...

BD’s per capita income to reach $16,000 by 2041: Azad

BD’s per capita income to reach $16,000 by 2041: Azad

-- 2018-09-13 19:31:58

Principal Coordinator (SDG Affairs) of the Prime Minister's Office Abul Kalam Azad on Thursday said Bangladesh's per capita income will reach US$16,000 by 2041 when the country will be a developed one...

S Korea's bad debt ratio falls to record low in Q2

S Korea's bad debt ratio falls to record low in Q2

-- 2018-09-13 12:33:33

The bad debt ratio among South Korean banks fell to the lowest in about 10 years in the second quarter (Q2), financial watchdog data has showed. According to the watchdog, the Financial Supervisory...

India's CPI inflation falls below target despite rupee slide

India's CPI inflation falls below target despite rupee slide

-- 2018-09-13 12:29:30

India’s retail inflation fell below the Reserve Bank of India’s medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at...

Unrealised loan totals Tk 1.31t from 230,658 defaulters: Muhith

Unrealised loan totals Tk 1.31t from 230,658 defaulters: Muhith

FE Report 2018-09-13 09:27:11

The number of loan defaulters in the country reached 230,658, and the amount of unrecovered loan from them totalled over Tk 1.31 trillion until June 2018, according to the central bank. Finance Minis...

Provisioning shortfall soars 18pc to Tk 79.90b in H1

Provisioning shortfall soars 18pc to Tk 79.90b in H1

FE Report 2018-09-13 09:20:39

Overall shortfall in provisioning against loans in the country's banking system swelled by over 18 per cent or Tk 12.23 billion in the first half (H1) of this calendar year (2018). The aggregate amou...

French 2019 budget deficit to rise

French 2019 budget deficit to rise

-- 2018-09-12 14:35:32

France’s budget deficit will rise next year but stay below the European Union’s limit of 3.0 per cent of economic output, according to figures given by Finance Ministry officials on Tuesda...

Most banks renege on promises despite availing benefits

Most banks renege on promises despite availing benefits

Siddique Islam 2018-09-12 09:23:32

The majority of the banks have not brought down the lending rate to single digits despite availing both policy and fiscal supports offered by the government. More than three dozen banks did not re-fi...

Tk 602.68b subsidies for agriculture in 9 yrs

Tk 602.68b subsidies for agriculture in 9 yrs

-- 2018-09-11 20:46:37

The government has provided Tk 602.68 billion as subsidies for agriculture sector of the country in the last nine years, agriculture minister Begum Matia Chowdhury said. “Highest subsidies was...

Land office earns Tk 4.59b as revenue in 9-yr

Land office earns Tk 4.59b as revenue in 9-yr

-- 2018-09-11 19:56:24

Land (Bhumi) offices across the country has earned Tk 4.59 billion as general and organisational revenue from 2009-2010 to 2017-2018. “The present government has decided to set up land office...