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The Financial Express

Search results for: economy

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...

S Korea's household lending rate hits 44-month high

S Korea's household lending rate hits 44-month high

-- 2018-06-27 13:34:34

South Korea's households bank lending rate hit a 44-month high in the previous month on rising expectations for the policy rate hike in the near future, Bank of Korea (BOK) data showed Wednesday. A...

China Jan-May industrial profits rise to 16.5pc

China Jan-May industrial profits rise to 16.5pc

-- 2018-06-27 12:58:43

The industrial profits of China grew 16.5 per cent in the first five months of 2018, quickening from the 15-per cent expansion for the January-April period, official data showed Wednesday. In May alo...

AIIB seeks to finance two transport sector projects

AIIB seeks to finance two transport sector projects

Munima Sultana 2018-06-27 10:52:35

The Asian Infrastructure Investment Bank (AIIB) has shown interest in financing two projects in the country's transport sector for improving regional connectivity as well as boosting trade and busin...

JS set to pass Finance Bill today

JS set to pass Finance Bill today

FE Report 2018-06-27 10:13:05

The finance bill of proposed budget for the fiscal year, 2018-19, is expected to be passed today (Wednesday), two days ahead of the schedule. The budget will be passed the next day. Finance Minister...

RHD takes ‘unviable’ road project at inflated cost

RHD takes ‘unviable’ road project at inflated cost

FHM Humayan Kabir 2018-06-27 10:05:02

The Roads and Highways Department (RHD) has taken up a road upgradation project at a bloated cost despite its 'unviability', official said on Monday. Project insiders said the RHD itself has shown th...

ICMAB arranges post-budget discussion

ICMAB arranges post-budget discussion

FE Online Desk 2018-06-26 15:22:37

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a Post-Budget Discussion Session on National Budget 2018-2019 on Monday at the ICMAB Ruhul Quddus Auditorium, Dhaka. &...

Singapore factory output rises to 11.1pc in May

Singapore factory output rises to 11.1pc in May

-- 2018-06-26 13:33:03

The manufacturing output of Singapore grew 11.1 per cent year on year in May, compared to the 9.1 per cent increase in April, the country’s economic development board (EDB) said on Tuesday. The...

Govt’s debt from bond sales set to fall 13pc

Govt’s debt from bond sales set to fall 13pc

Jasim Uddin Haroon 2018-06-26 10:18:20

The government liabilities, in terms of borrowing through domestic debt securities, are likely to be 13 per cent lower in the next fiscal year (FY) over those of the outgoing fiscal. The domestic deb...

Deposit govt funds with PCBs at rates below 6.0pc: ABB

Deposit govt funds with PCBs at rates below 6.0pc: ABB

FE Report 2018-06-26 09:45:20

Top executives of the private commercial banks (PCBs) have urged the Bangladesh Bank (BB) to ensure depositing the government's fund with their banks at rates below 6.0 per cent for implementing the s...

German economic boom is over: Ifo economist

German economic boom is over: Ifo economist

-- 2018-06-25 14:50:49

Germany’s economic boom times are over and Europe’s largest economy is on the way to a more normal growth path, Ifo economist Klaus Wohlrabe told Reuters on Monday after its latest survey...

S Korean manufacturers see 4IR’s negative impact

S Korean manufacturers see 4IR’s negative impact

-- 2018-06-25 14:24:13

Most South Korean manufacturers saw a negative impact of the Fourth Industrial Revolution (4IR), fourth major industrial era since the initial Industrial Revolution of the 18th century, on employment....

Thrust on more allocation in water, sanitation

Thrust on more allocation in water, sanitation

FE Online Desk 2018-06-25 12:27:08

  Speakers on Sunday urged the government to increase budgetary allocation for water, sanitation and hygiene (WASH) sector to achieve the SDG 6 goal, said a statement. The Sustainable Developme...

Warning against burdening banks

Warning against burdening banks

FE Report 2018-06-25 09:53:04

The financial sector of Bangladesh has developed a dangerous notion called 'mismatch of maturity', as short-term deposits are used for financing long-term investment here, eminent economist Dr. Rehman...

Philippines reseeks probe report on reserve heist

Philippines reseeks probe report on reserve heist

Syful Islam 2018-06-25 09:42:54

The Philippines government has again requested Bangladesh to forward an investigation report on reserve heist from the Bangladesh Bank's account at the New York Fed, finance ministry sources said. Th...

Firm selection for subways' feasibility study faces review

Firm selection for subways' feasibility study faces review

Munima Sultana 2018-06-24 11:31:15

A cabinet committee has asked the authority concerned to review the selection of an international contractor for carrying out a feasibility study on subways in the city. Sources said the cabinet comm...

China consumer prices likely to stable in H2 2018

China consumer prices likely to stable in H2 2018

-- 2018-06-23 16:03:23

The consumer prices in China are likely to be stable in the second half (H2) of the year, the state planner said on Saturday, amid the trade dispute with the United States. “The market in gener...

Greece debt deal not a long-term relief: Jubilee USA

Greece debt deal not a long-term relief: Jubilee USA

FE Online Desk 2018-06-23 13:21:40

The new deal that Greece has signed with European Union does not hold enough debt relief to keep the crisis-hit country out of trouble for a long term, the Jubilee USA network has observed. Parts of...