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The Financial Express

Search results for: economy

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Munima Sultana 2018-07-04 11:38:27

A delay in taking the decision on the Dhaka-Chittagong expressway project by the finance ministry has compelled the Roads and Highways Department (RHD) to seek support from the PPP Authority to comple...

World Bank projects 6.7pc growth this fiscal

World Bank projects 6.7pc growth this fiscal

FE Report 2018-07-04 10:06:54

The World Bank (WB) has projected 6.7 per cent economic growth in fiscal year (FY) 2018-19 for Bangladesh. The global lending agency has made the projection in its 'Global Economic Prospects (GEP)' i...

Remittance inflow soars 17pc to $14.98b in last fiscal year

Remittance inflow soars 17pc to $14.98b in last fiscal year

FE Report 2018-07-04 09:39:40

The inflow of remittance jumped by more than 17 per cent or US$ 2.21 billion in the just-concluded fiscal year (FY), 2017-18, following higher fuel oil prices in the global market, officials said. Th...

BD received foreign assistance of $24b in 9 yrs: Muhith

BD received foreign assistance of $24b in 9 yrs: Muhith

-- 2018-07-03 20:49:25

Bangladesh received foreign assistance amounting to US$24 billion from various countries and development partners in the last nine years. Finance Minister AMA Muhith told it to the Parliament on Tues...

Indian ex-WTO envoy praises BD’s apparel sector

Indian ex-WTO envoy praises BD’s apparel sector

-- 2018-07-03 19:00:29

Former Indian Permanent Representative to the World Trade Organization (WTO) Jayant Dasgupta on Tuesday praised the readymade garment sector of Bangladesh. "The way the garment sector of Bangladesh...

ADP implementation rate hits record high in FY18

ADP implementation rate hits record high in FY18

-- 2018-07-03 17:48:25

The implementation rate of the Annual Development Programme (ADP) hit record high in the last fiscal year. The rate was 93.71 per cent with an expenditure of Tk 1.477 trillion in 2017-18. It was 87 p...

Upcoming ABCC platform token to embrace bitcoin mining

Upcoming ABCC platform token to embrace bitcoin mining

FE Online Desk 2018-07-03 13:52:35

SINGAPORE - Media OutReach - July 3, 2018 - ABCC, the world-class cryptocurrency exchange, recently announced the issuance of its platform token, ABCC Token (AT), to reward its pla...

BOJ likely to cut inflation forecasts until next year

BOJ likely to cut inflation forecasts until next year

-- 2018-07-03 11:27:21

The Bank of Japan is likely to cut its inflation forecasts for this fiscal year and the year to March 2020 at a meeting later this month with price pressures remaining stubbornly weak, people with dir...

Compliant businesses can apply for AEO status

Compliant businesses can apply for AEO status

Doulot Akter Mala 2018-07-03 10:37:15

The National Board of Revenue (NBR) allows businesses with satisfactory compliance records to apply for the status of authorised economic operators (AEOs). According to a new rule issued on June 28,...

BD could make good use of IDA loans: WB

BD could make good use of IDA loans: WB

FE Report 2018-07-03 09:50:30

Bangladesh could make good use of low cost International Development Association (IDA) loans, a top World Bank official said on Monday. "Bangladesh is one of the largest recipients of the IDA funding...

SoCBs to give funds to PCBs at 6.0pc interest

SoCBs to give funds to PCBs at 6.0pc interest

FE Report 2018-07-03 09:38:54

The state-owned commercial banks (SoCBs) have agreed to provide deposit to the private commercial banks (PCBs) at 6.0 per cent interest rate for implementing the single-digit lending rate, officials s...

'Meat production increases by 7 times in 9 years'

'Meat production increases by 7 times in 9 years'

-- 2018-07-02 18:00:48

The annual meat production increased by seven times in the last nine years making the country self-sufficient in meat production. Director general of the Department of Livestock Services Dr Md Ainul...

UK manufacturing growth steadies in June

UK manufacturing growth steadies in June

-- 2018-07-02 15:52:30

The manufacturing output of United Kingdom (UK) was steady in June but worries about global trade and Brexit knocked confidence about the outlook to a seven-month low, a survey showed on Monday. Th...

FBCCI seeks strong supervision over single digit lending rate

FBCCI seeks strong supervision over single digit lending rate

FE Online Report 2018-07-02 14:58:35

Hailing the reduced lending rate by the banks, the country’s apex trade body on Monday called for strict supervision for continuation of the single digit lending rate for the sake of investmen...

NBR misses revised target by 9.0pc, original 17.0pc

NBR misses revised target by 9.0pc, original 17.0pc

Doulot Akter Mala 2018-07-02 09:49:12

Tax-revenue mobilised by the National Board of Revenue (NBR) fell short of the revised target by Tk 200 billion in the just concluded Fiscal Year (FY), according to a provisional figure. Revenue offi...

Emphasis on proper policies to avoid middle-income trap

Emphasis on proper policies to avoid middle-income trap

-- 2018-06-30 18:30:10

ICCB emphasised on timely action to avoid falling into the 'middle-income trap" where a number of countries are stuck in the lower-middle income status and are unable to move up. "The country is now...

IMF approves $2b payment to Egypt

IMF approves $2b payment to Egypt

-- 2018-06-30 13:21:51

The International Monetary Fund (IMF) has approved a 2 billion US dollar loan instalment for Egypt under a 12 billion dollar aid deal to support the country's economic reform. The latest loan, the...

Guideline on NPL write-off underway

Guideline on NPL write-off underway

Rezaul Karim 2018-06-30 10:10:42

The central bank is set to make a new guideline on writing off non-performing loans (NPLs), an official said. The Bangladesh Bank (BB) is actively considering a new strategy in the matters of writing...

Vietnam's CPI up 3.3pc in six months

Vietnam's CPI up 3.3pc in six months

-- 2018-06-29 14:19:49

The consumer price index (CPI) of Vietnam rose 3.29 per cent on-year in the first half of 2018, the country's General Statistics Office said on Friday. In June alone, the index increased 0.61 per cen...

Net sales of savings tools up in 11 months

Net sales of savings tools up in 11 months

FE Report 2018-06-29 12:04:07

The net sale of state-run savings instruments increased by 2.0 per cent during the last 11 months of fiscal year (FY) 2017-18 compared to the corresponding period of the previous fiscal, official fi...

Central bank will print 1,200m currencies and banknotes

Central bank will print 1,200m currencies and banknotes

Rezaul Karim 2018-06-29 11:56:42

The Bangladesh Bank (BB) will print 1,200 million pieces of currencies and banknotes of various denominations in the next fiscal year (FY), 2018-19, officials said. The target is up by 5.44 per cent...

Fresh energy exploration bidding round soon

Fresh energy exploration bidding round soon

M Azizur Rahman 2018-06-29 11:27:21

The government eyes launching a new bidding round within the next couple of months as the draft of a new model production sharing contract (PSC) is awaiting final approval, said officials. State-run...

BD-linked money in the Swiss banks drops 27 per cent

BD-linked money in the Swiss banks drops 27 per cent

Asjadul Kibria 2018-06-29 10:47:06

The amount of Bangladesh-linked funds in the banks of Switzerland dropped 27 per cent last year (2017), according to the latest data released in Zurich on Thursday. The report titled 'Banks in Switze...

BB eases rules on bank guarantee to foreign firms

BB eases rules on bank guarantee to foreign firms

FE Report 2018-06-29 10:27:00

The central bank has relaxed regulations, allowing commercial banks to issue guarantee on behalf of foreign-controlled firms favouring the local authorities against counter-guarantee from foreign bank...

WB loans $715m to improve primary education, BBS

WB loans $715m to improve primary education, BBS

-- 2018-06-28 19:41:21

The government on Thursday signed two financing agreements totalling $715 million with the World Bank (WB) to improve the primary education sector, and to help the country produce timely and quality s...

Mongolia's industrial production grows 23.3pc in Jan-May

Mongolia's industrial production grows 23.3pc in Jan-May

-- 2018-06-28 16:34:04

The volume of industrial production in Mongolia grew 23.3 per cent in the January-May period compared to the same period last year, amounting to $2.439 billion US dollars. The Ministry of Mining an...

JS passes Tk 4.64 trillion budget for FY19

JS passes Tk 4.64 trillion budget for FY19

-- 2018-06-28 14:58:04

The Jatiya Sangsad (JS) today passed a Tk 4.64 trillion national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 per cent in a bid to further alleviate poverty, reduce inequalities...

Parliament passes Finance Bill 2018

Parliament passes Finance Bill 2018

FE Report 2018-06-28 11:33:23

The Jatiya Sangsad (JS) passed the Finance Bill 2018 on Wednesday, bringing a number of changes in taxes/duties proposed earlier in the finance minister's budget speech. The bill was passed by voic...

Ministry-wise allocation barely rises in five years

Ministry-wise allocation barely rises in five years

Mehdi Musharraf Bhuiyan 2018-06-28 10:34:19

The ministry-wise allocation for climate change-related projects has hardly increased during the last five years despite the country's high vulnerability to climate change, the government's climate bu...

BIMSTEC countries may get common power grid

BIMSTEC countries may get common power grid

Mir Mostafizur Rahaman 2018-06-28 09:56:47

A memorandum of understanding (MoU) for the establishment of a regional power grid interconnection involving seven countries will be nailed down shortly. The deal will be signed in the upcoming summi...