Loading...
The Financial Express

Search results for: economy

BB heist: Manila court jails ex-banker

BB heist: Manila court jails ex-banker

-- 2019-01-10 10:52:22

A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world’s largest cyber heists, in which $81 million was st...

WB revises GDP growth forecast to 7.0pc

WB revises GDP growth forecast to 7.0pc

FE Report 2019-01-10 09:59:27

The World Bank (WB) has projected a 7.0 per cent economic growth for Bangladesh in fiscal year (FY) 2018-19. The WB has also forecast a 6.8 per cent GDP (gross domestic product) growth for the countr...

BB report suggests better watch, risk management

BB report suggests better watch, risk management

Siddique Islam 2019-01-10 09:55:04

The central bank has emphasised improving financial intermediation efficiency by reducing the amount of classified loans in the banking system through better supervision and risk management. "&hellip...

Global GDP growth to slow to 2.9pc in 2019: WB

Global GDP growth to slow to 2.9pc in 2019: WB

-- 2019-01-09 14:40:45

Global economic growth is projected to slow to 2.9 per cent in 2019 from a downwardly revised 3.0 per cent in 2018 amid rising downside risks, the World Bank said on Tuesday. In its newly-released Gl...

Mongla EPZ exports rise sixteen-fold in 10 years

Mongla EPZ exports rise sixteen-fold in 10 years

-- 2019-01-08 17:37:26

The exports from Mongla Export Processing Zone (EPZ) increased 16 times in the past 10 years. Investments also witnessed an eleven-fold rise, while about 4,500 people make a living in the zone. &ldq...

Govt to sign deal with WB to create quality jobs

Govt to sign deal with WB to create quality jobs

-- 2019-01-08 17:14:10

The World Bank will provide $250 million to support Bangladesh in strengthening its capacity to create more and better jobs for citizens, including women, youth and the vulnerable population. An offi...

BoP deficit rises to $837m in July-Nov

BoP deficit rises to $837m in July-Nov

FE Report 2019-01-08 09:59:13

Bangladesh's overall balance of payment (BoP) recorded US$ 837 million deficit during the July-November period of this fiscal year (FY), 2018-19, over the corresponding period of the previous fiscal...

New finance minister sounds tough on loan defaulters

New finance minister sounds tough on loan defaulters

FE Report 2019-01-08 09:48:24

Newly-appointed Finance Minister AHM Mustafa Kamal asked the bankers on Monday to go tough on delinquent borrowers to help lower the size of non-performing loans (NPL). He told them to bring down the...

Wages may rise by 10pc in 2019: Survey

Wages may rise by 10pc in 2019: Survey

-- 2019-01-07 18:19:54

Companies may increase wages in Bangladesh by 10 percent in 2019, according to a survey by Mercer. The global consulting firm’s 2018 Bangladesh Total Remuneration Survey suggests the rise in sa...

BD economy world’s 41st largest: Study

BD economy world’s 41st largest: Study

FE Online Desk 2019-01-07 13:35:37

Bangladesh is the 41st largest economy in the world in 2019, according to a UK-based think tank. It is up by twp steps from last year, when the country was ranked 43rd largest economy, the Centr...

Move on for cost-free remittance by expats

Move on for cost-free remittance by expats

FE Report 2019-01-07 09:33:13

A move is under way to facilitate sending of money back home free of cost by the Bangladeshi migrant workers. The Ministry of Finance (MoF) has prepared a concept paper on the issue. The government,...

'Bangladesh economy to enjoy happiest year in 2019'

'Bangladesh economy to enjoy happiest year in 2019'

-- 2019-01-06 21:49:58

The Global Economist Forum (GEF) has said the Bangladesh economy will enjoy one of the happiest years in 2019 in respect to economic freedom, which will help achieve above 7.5 per cent GDP growth. GE...

'Finance ministry to begin journey with new dimension'

'Finance ministry to begin journey with new dimension'

-- 2019-01-06 20:26:20

Planning Minister AHM Mustafa Kamal, who is going to take the charge of finance ministry, has said the Ministry of Finance would begin its journey from Monday with a new dimension. Mustafa Kamal also...

Furniture export up 40.56pc during first half of FY19

Furniture export up 40.56pc during first half of FY19

-- 2019-01-05 20:04:14

The export of furniture is getting a boost as it accounted for $33.72 million during the first six months (July-December) of the current fiscal year (FY19), which is 40.56 per cent higher than that of...

NBR plans expansion to raise revenue collection

NBR plans expansion to raise revenue collection

-- 2019-01-05 18:21:38

The National Board of Revenue (NBR) is planning to have own office buildings in every district to increase revenue collection by offering better customer services. The constructions will be done unde...

Germany′s 2018 unemployment hits record low

Germany′s 2018 unemployment hits record low

-- 2019-01-05 13:53:28

German unemployment rate in 2018 has fallen to a record low and the number of jobless people in December 2018 fell more than expected, the Federal Employment Agency (BA) has reported. The number of u...

Tax-GDP ratio not consistent with state of development

Tax-GDP ratio not consistent with state of development

Jasim Uddin Haroon 2019-01-05 09:47:24

The country's tax-GDP ratio continues to miss its target despite a fast-expanding economy. Policymakers and analysts across the globe use the tax-to-GDP ratio to compare tax receipts year on year. I...

Doing business ranking to witness sharp upturn by 2021: BIDA

Doing business ranking to witness sharp upturn by 2021: BIDA

-- 2019-01-04 17:56:31

Bangladesh’s position in doing business ranking is likely to come down to below 100 from the existing 176 by 2021 as the government has taken various reform initiatives to improve the country&rs...

Malaysia’s Nov exports rise to 1.6pc

Malaysia’s Nov exports rise to 1.6pc

-- 2019-01-04 15:58:40

Malaysia's exports grew only 1.6 per cent year-on-year to 84.79 billion ringgit (about 20.78 billion US dollars) in November last year, as electrical and electronics (E&E) shipment experienced its...

US-China trade talks to start Monday

US-China trade talks to start Monday

-- 2019-01-04 11:33:20

US and China will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financi...

Export earnings mark 14.42pc rise in first half of FY19

Export earnings mark 14.42pc rise in first half of FY19

FE Online Report 2019-01-03 18:53:04

Export earnings from merchandise shipments during the first half of the current fiscal year (FY19) marked a 14.42 per cent rise than that of the corresponding period of the previous year.   ...

Vietnam earns $8.8b from seafood export in 2018

Vietnam earns $8.8b from seafood export in 2018

-- 2019-01-03 15:38:55

Vietnam earned over 8.8 billion US dollars from exporting seafood in the previous year, mainly prawns and catfish, posting a year-on-year increase of 6.3 per cent, according to government data. The V...

Qatar GDP growth accelerates to 2.2 pc in Q3

Qatar GDP growth accelerates to 2.2 pc in Q3

-- 2019-01-03 12:54:38

Qatar’s gross domestic product (GDP) growth accelerated to an annual 2.2 per cent in the third quarter (Q3) of 2018 from a revised 1.7 per cent in the second quarter, a govt data showed. The Mi...

Remittance flow up 15pc in 2018

Remittance flow up 15pc in 2018

Siddique Islam 2019-01-03 09:46:23

Inward remittance jumped by nearly 15 per cent or around $2.0 billion in calendar year 2018 following the depreciating mode of taka against dollar, officials said. Remittance inflows rose to $15.53 b...

Women migrant workers’ role to uplift economy

Women migrant workers’ role to uplift economy

-- 2019-01-02 19:02:01

Female migrant workers, both the internationally and internally migrated ones, are playing a vital role in uplifting the country’s economy as they are earning foreign currency and sending remitt...

Inflation eases slightly in December

Inflation eases slightly in December

-- 2019-01-02 18:21:45

The general point to point inflation rate in December last further eased to 5.35 percentage point from the previous month due to the slight decrease in both food and non-food inflation. “The ge...

Indonesia posts 3.13pc inflation in December

Indonesia posts 3.13pc inflation in December

-- 2019-01-02 15:27:14

Indonesian annual inflation posted 3.13 per cent in December, accelerated at a slower pace in the last month of the previous year, within the target range of the central bank in November. The nationa...

South Korea's trade value hits all-time high

South Korea's trade value hits all-time high

-- 2019-01-01 14:29:46

South Korea's trade value hit a new record high in 2018 as export topped 600 billion US dollars for the first time in the country's history, a government report showed Tuesday. Export, which accounts...

Economists say banking sector and investment pose challenges in new year

Economists say banking sector and investment pose challenges in new year

Mehdi Musharraf Bhuiyan 2019-01-01 10:51:33

Handling a chaotic and vulnerable banking sector along with a huge amount of bad loans is going to be the biggest challenge for the new government in this year (2019), the country's leading economists...

Industry leaders seek long-term policy support

Industry leaders seek long-term policy support

FE Report 2019-01-01 00:25:20

Textile and apparel industry leaders want to see in the New Year the continuation of the business- and investment-friendly climate and steps to address the challenges facing the sector. The challen...