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The Financial Express

Search results for: economy

ADB to provide $357m to develop power lines

ADB to provide $357m to develop power lines

-- 2018-09-10 17:43:06

The Asian Development Bank (ADB) will provide $350 million in loan and $7.5 million in grant for a project to develop two power lines in support of Bangladesh's national target of electricity for all...

Regional lending gap threatens SDGs: Study

Regional lending gap threatens SDGs: Study

FE Report 2018-09-10 09:37:06

The big regional lending gap emerged one of the major barriers to the country's financial institutions (FIs) in achieving SDGs (sustainable development goals), according to a study released on Sunday....

Fresh from end of bailout, Greek PM announces tax breaks

Fresh from end of bailout, Greek PM announces tax breaks

-- 2018-09-09 12:23:35

Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of painful austerity, less than a month after Greece emerged from a bailout programme fin...

Tax reform in India leads to huge job losses

Tax reform in India leads to huge job losses

Reuters 2018-09-09 11:11:13

Tilak Raj Bathla’s tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country’s “textile city”. Nearby, more than two dozen othe...

No capital outflow, ‘invest at home’

No capital outflow, ‘invest at home’

FE Report 2018-09-09 10:42:41

The issue of inequality has an international dimension as the net capital flows from South to North, with the US being the largest borrower, a leading Malaysian economist has said. The world's large...

AIIB to invest $270m in clean water project

AIIB to invest $270m in clean water project

-- 2018-09-08 19:15:22

The Asian Infrastructure Investment Bank (AIIB) plans to invest $270 million in a clean water infrastructure project. The project aims to improve access to piped water and sanitation to municipalitie...

China's foreign trade up 9.1pc in first eight months

China's foreign trade up 9.1pc in first eight months

-- 2018-09-08 13:13:39

China's foreign trade went up 9.1 per cent year on year to 19.43 trillion yuan (about 2.85 trillion US dollars) in the first eight months of this year, customs data showed Saturday. Exports of the wo...

Mexico inflation rate hits 4.9pc in August

Mexico inflation rate hits 4.9pc in August

-- 2018-09-08 12:48:24

Mexican inflation increased to 4.9 per cent year-on-year in August, its highest level in five months due to gas and agribusiness, the National Institute of Statistics and Geography (INEGI) has said....

US action against N Korean hacker a major progress: BB

US action against N Korean hacker a major progress: BB

Syful Islam 2018-09-08 09:47:28

Bangladesh will examine the legal aspects of being a party to the criminal case against a North Korean hacker charged by the US justice department for cyber-attack on the Fed. In February 2016, the c...

Eurozone GDP grows 0.4pc in second quarter

Eurozone GDP grows 0.4pc in second quarter

-- 2018-09-07 18:25:00

The euro zone economy grew at 0.4 per cent in the second quarter (Q2) as business and other investments rose sharply while net trade was negative, a statistics agency said on Friday. The agency said...

Japan economy seen revised up in Q2: Reuters poll

Japan economy seen revised up in Q2: Reuters poll

-- 2018-09-07 18:10:53

The economic growth of Japan is expected to be revised up in the second quarter (Q2) due to an acceleration in capital expenditure, a Reuters poll showed on Friday. The poll of 18 economists also s...

US job growth sees a pickup in August

US job growth sees a pickup in August

-- 2018-09-07 10:58:32

US job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 per cent, which would bolster views that the economy was so far weathering...

Ireland's earnings from tourists increase in H1

Ireland's earnings from tourists increase in H1

-- 2018-09-06 21:12:55

Overseas visitors to Ireland spent a total of 2.27 billion euros (2.64 billion US dollars) in the first half (H1) of 2018, up 8.5 per cent compared with the same period in 2017, according to the gover...

US worker productivity growth rise in Q2

US worker productivity growth rise in Q2

-- 2018-09-06 20:48:29

US worker productivity rose at its fastest pace in more than three years in the second quarter (Q2), as previously reported, but the trend in productivity growth remained moderate. The US Labor Dep...

GDP growth to reach 8.25pc in FY19: Kamal

GDP growth to reach 8.25pc in FY19: Kamal

-- 2018-09-06 20:15:17

Planning Minister AHM Mustafa Kamal has expressed his high hope that the GDP growth rate in the current fiscal year (FY19) would reach 8.25 per cent surpassing the fiscal target of 7.8 per cent. &l...

Inflation slips to 5.48pc in August

Inflation slips to 5.48pc in August

-- 2018-09-06 19:28:05

The general point to point inflation rate dropped 0.54 per cent to 5.48 percentage point in August from the previous month due to the slight decrease in food inflation, according to the official data....

NBR's TP Cell still a lame duck

NBR's TP Cell still a lame duck

Doulot Akter Mala 2018-09-06 10:03:56

Transfer Pricing Cell (TPC) of National Board of Revenue (NBR) has been in a dysfunctional state during the last five years due to lack of necessary expertise and skills of taxmen on international tax...

Govt's borrowing from banks may go up this month

Govt's borrowing from banks may go up this month

Siddique Islam 2018-09-06 09:45:12

The government is set to raise bank borrowing significantly in September as part of financing its budget deficit for the current fiscal year (FY), officials said. It may borrow upto Tk 130 billion fr...

Malaysia's July exports hit record high

Malaysia's July exports hit record high

-- 2018-09-05 20:19:52

Malaysia's exports grew 9.4 per cent in July from a year earlier on higher higher exports of electrical and electronic products, chemicals and chemical products as well as manufactures of metal. Expo...

Greece raises $942m in treasury bills auction

Greece raises $942m in treasury bills auction

-- 2018-09-05 18:45:19

Greece raised on Wednesday €812.5 million (942 million US dollars) in a 13-week treasury bills auction, the Public Debt Management Agency (PDMA) announced. The three-month treasury bills were...

Bangladesh attracts $3.0b FDI in FY18

Bangladesh attracts $3.0b FDI in FY18

-- 2018-09-05 18:16:21

Bangladesh has attracted nearly 3.0 billion US dollars in Foreign Direct Investment (FDI) in the fiscal year 2017-18 (FY18), the country's central bank data showed Wednesday. According to the Banglad...

Aug remittance flow rises 7.0pc

Aug remittance flow rises 7.0pc

FE Report 2018-09-05 10:10:57

The flow of remittances grew by more than 7.0 per cent in August as expatriates sent increased amount of money on the occasion of Eid-ul-Azha. The money sent home by Bangladeshis working abroad amoun...

NEC approves 100-yr delta plan

NEC approves 100-yr delta plan

-- 2018-09-04 17:26:26

The National Economic Council (NEC) has approved the long-awaited mega strategy 'Bangladesh Delta Plan (BDP) 2100' in a bid to tap the huge potentials of Bangladesh as a delta country through water re...

UAE private sector growth in August is fastest this year

UAE private sector growth in August is fastest this year

-- 2018-09-04 13:39:59

The non-oil private sector growth of Saudi Arabia inched up in August to its fastest rate this year, a survey showed on Tuesday, suggesting a long-awaited recovery of the economy may have begun. Th...

PC defers 6th FYP review report sharing programme

PC defers 6th FYP review report sharing programme

FE Report 2018-09-04 10:55:11

The General Economics Division (GED) suspended the 6th five-year plan (FYP) review report sharing programme, scheduled to be held at the Planning Commission (PC) in the capital on Monday afternoon....

Collateral fraud: BB to introduce information bank by March

Collateral fraud: BB to introduce information bank by March

-- 2018-09-03 19:01:19

The Bangladesh Bank is going to introduce an 'information bank' by March next year to check collateral fraudulence. The data repository on mortgaged lands will act as deterrent if anyone tries to ava...

Turkish inflation hits 17.9pc in August

Turkish inflation hits 17.9pc in August

-- 2018-09-03 16:08:30

Turkish annual inflation rate surged to 17.9 per cent in the previous month, hitting highest point since 2004, showed official data on Monday. Consumer prices index (CPI) increased 17.9 per cent in...

S Korea's fruit imports hit record high in 2017

S Korea's fruit imports hit record high in 2017

-- 2018-09-03 16:05:34

Fruit imports in South Korea hit a new record high last year due to dietary diversity, customs office data showed Monday. The country imported 834,000 tons of fruits, worth $1.24 billion, in 2017, ac...

BB moves to raise remittance flow from Japan, S Korea

BB moves to raise remittance flow from Japan, S Korea

Siddique Islam 2018-09-03 09:47:48

The central bank of Bangladesh has taken initiatives to expedite the flow of inward remittances from Japan and South Korea, officials said. Under the latest moves, the Bangladesh Bank (BB) is giving...

BoP hits negative territory in seven years

BoP hits negative territory in seven years

Jasim Uddin Haroon 2018-09-03 09:41:44

Bangladesh's overall balance of payments (BoP) posted US$ 885 million deficit during the last fiscal year (FY 2018), compared with a surplus of $ 3.2 billion in FY 2017. This means the BoP hit the ne...