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The Financial Express

Search results for: economy

Myanmar economy to grow 7.4pc in FY 2018-19

Myanmar economy to grow 7.4pc in FY 2018-19

-- 2018-10-06 15:03:00

The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Myanmar's economy is expected to grow 7.4 per cent in this new fiscal year 2018-19 which started on October 1. The AMRO has recent...

$515m WB loan for fisheries, roads, forests

$515m WB loan for fisheries, roads, forests

-- 2018-10-06 14:00:15

The World Bank (WB) has approved $515 million US dollar for three projects in Bangladesh to improve coastal and marine fisheries, forest management, and rural roads. These financings will help rural...

Real estate business expects boom-time

Real estate business expects boom-time

FE Report 2018-10-06 10:16:27

The country's real estate business is expecting a boom-time due to a possible rise in demand fuelled by home loans for public servants at single digit interest rates. Stable political situation and...

US jobless rate likely to fall 18-year low

US jobless rate likely to fall 18-year low

-- 2018-10-05 14:44:57

The jobless rate in United States is expected to fall to an 18-year low of 3.8 per cent as the economy likely created jobs at a brisk clip in September, signaling a further tightening in labour mark...

Japan household spending jumps in Aug

Japan household spending jumps in Aug

-- 2018-10-05 14:18:39

Japan’s household spending jumped in August as bigger bonuses boosted consumption, suggesting that robust domestic demand could help offset the ill effects of escalating trade frictions. The sp...

London aluminium eyes biggest weekly gain

London aluminium eyes biggest weekly gain

-- 2018-10-05 14:04:57

London aluminium held steady on Friday as worries over an alumina shortage stoked expectations of cost inflation, sending prices towards the biggest weekly gain in nearly six months. London Metal Exc...

India proposes six new river routes in transit protocol

India proposes six new river routes in transit protocol

Syful Islam 2018-10-05 13:16:43

The neighbouring India has proposed including six new river routes in the Protocol on Inland Water Transit and Trade (PIWTT) to facilitate Indo-Bangla trade further through waterways, officials said....

Women’s participation in e-GP low: Experts

Women’s participation in e-GP low: Experts

FE Report 2018-10-05 11:59:38

The rate of participation of women entrepreneurs in government purchase is disturbingly low, thus obstructing inclusive growth and women empowerment, experts said. The government procures about Tk 3....

BB sees growth, inflation outlook stable in FY '19

BB sees growth, inflation outlook stable in FY '19

Siddique Islam 2018-10-05 09:44:51

The central bank assumes that political tensions centring on next general election in the country will be insignificant and hence economic growth and inflation are likely to remain stable in the curre...

Turkey's inflation reaches near 25pc

Turkey's inflation reaches near 25pc

-- 2018-10-04 13:26:27

The annual inflation rate of Turkey jumped to almost 25 per cent in September amid a currency turmoil that has fueled an increase in prices, official data has showed. The consumer prices index (CPI)...

Govt aims to cut poverty by 1.8pc per year: Muhith

Govt aims to cut poverty by 1.8pc per year: Muhith

-- 2018-10-03 20:56:13

Finance Minister Abul Maal Abdul Muhith on Wednesday said that government has set a target to reduce the rate of poverty by 1.6 to 1.8 per cent a year through inclusive economy. "The government's pol...

BD will be the 26th largest economy in 2030: HSBC

BD will be the 26th largest economy in 2030: HSBC

FE Online Report 2018-10-03 15:47:05

Bangladesh is likely to make the biggest jump in the global rankings of the size of the economies by the next 12 years, according to a long-term projection of the HSBC Global Research. The country&...

Spain tourism arrivals fall 1.9pc in August

Spain tourism arrivals fall 1.9pc in August

-- 2018-10-03 12:40:05

The number of foreign tourists visiting Spain in August has fallen, a 1.9 per cent decrease year-on-year, the National Institute of Statistics (INE) has reported. A total of 10.2 million internationa...

Bangladesh to hold talks with Dubai firm for LPG terminal

Bangladesh to hold talks with Dubai firm for LPG terminal

Reuters 2018-10-03 11:53:20

Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up an liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday. “E...

Experts blame BB for inadequate channelling of green financing

Experts blame BB for inadequate channelling of green financing

FE Report 2018-10-03 10:52:06

Channelling of green financing in Bangladesh remains largely inadequate, as the central bank's approach in this regard is hardly bearing any result, experts said at a seminar in the capital on Tuesday...

Remittance inflow rises by 32pc in September

Remittance inflow rises by 32pc in September

-- 2018-10-02 21:47:11

Remittance inflow to Bangladesh increased about 32 per cent in September compared to the same period of previous year. According to latest Bangladesh Bank statistics, the expatriate Bangladeshis sent...

Move to restore navigability of four rivers

Move to restore navigability of four rivers

-- 2018-10-02 18:57:15

The government plans to restore navigability of Old Brahmaputra, Dharla, Tulai and Punorbhoba rivers by June 2024 with an aim to ensure smooth and safe plying of river vessels. The Executive Committe...

CBSL keeps rates steady despite pressure on rupee

CBSL keeps rates steady despite pressure on rupee

-- 2018-10-02 16:05:54

The Central Bank of Sri Lanka (CBSL) has surprised financial markets by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency. Policymakers have struggled to defend the...

World Bank forecasts 7.0pc growth for Bangladesh in FY19

World Bank forecasts 7.0pc growth for Bangladesh in FY19

-- 2018-10-02 15:51:05

The World Bank has forecast a growth rate of 7.0 per cent for Bangladesh this fiscal year on the back of robust private investment, increased exports and remittance inflows. The projection is lower t...

BB concerned over upward non-food inflation, inflation expectations 

BB concerned over upward non-food inflation, inflation expectations 

FE Online Report 2018-10-02 14:16:41

Rising non-food inflation and expectations for upward inflation may become the challenges for Bangladesh Bank to contain the overall inflationary pressure in the coming days. The latest quarterly rev...

Five more sectors may get incentives under PPP

Five more sectors may get incentives under PPP

Rezaul Karim 2018-10-02 09:55:31

Projects under five more sectors are likely to be made eligible for government incentives under the public-private partnership (PPP) initiative, officials said. The finance minister has recently aske...

India-born Harvard professor becomes chief economist of IMF

India-born Harvard professor becomes chief economist of IMF

-- 2018-10-01 21:09:04

The International Monetary Fund (IMF) has appointed Gita Gopinath as its chief economist. The IMF issued in a media release on Monday over the appointment of Gita Gopinath, who currently serves as th...

IMF lifts UAE growth forecasts

IMF lifts UAE growth forecasts

-- 2018-10-01 15:43:36

The International Monetary Fund (IMF) has lifted its forecasts for economic growth in the United Arab Emirates (UAE) because of expectations that oil production and state spending will rise. The UA...

ADB approves new access to information policy

ADB approves new access to information policy

-- 2018-10-01 12:52:40

The board of directors of Asian Development Bank (ADB) has approved a new 'Access to Information Policy (AIP)' that aims to maintain the lender’s high standards of transparency. The AIP, whic...

Family debt lowest in 14 years: Global study

Family debt lowest in 14 years: Global study

Jasim Uddin Haroon 2018-09-30 10:14:19

The country's household debt as percentage of gross domestic product (GDP) has been shrinking over the years from its peak in 2005. The household debt means the purchase of residential property and...

Trade friction to hamper world economy: Expert

Trade friction to hamper world economy: Expert

-- 2018-09-29 14:19:01

The trade friction between China and the United States will lower the global economic growth rate and at the same time have a spillover effect on protectionism, a trade expert has said. "If one count...

Green investment increases by 8.9pc in April-June quarter

Green investment increases by 8.9pc in April-June quarter

-- 2018-09-28 20:54:42

Investments in green initiatives have increased by 8.90 per cent at the end of April to June quarter of 2018 compared to the previous January to March period. According to Bangladesh Bank (BB), the t...

Japan industrial output rises 0.7pc in Aug

Japan industrial output rises 0.7pc in Aug

-- 2018-09-28 15:14:52

The industrial production in Japan increased in August from the previous month, marking the first rise in four months, the Ministry of Economy, Trade and Industry (METI) said in a report on Friday. T...

Ten cos to get 400 acres of land in EZs

Ten cos to get 400 acres of land in EZs

-- 2018-09-28 10:47:20

Prime Minister's Office (PMO) has permitted Bangladesh Economic Zones Authority (BEZA) to allocate 400 acres of land to 10 investors. The investors will invest a total of around US$ 1,981 million to...

ADB approves loan of $500m to upgrade primary education

ADB approves loan of $500m to upgrade primary education

FE Online Report 2018-09-27 19:15:36

The Asian Development Bank (ADB) has decided to give a loan of $500 million to upgrade the primary education sector of Bangladesh.   The approval came on Thursday at the Manila-based lending age...