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The Financial Express
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Search results for: economy

Economists seem pitted against each other

Economists seem pitted against each other

Jasim Uddin Haroon 2018-08-01 09:58:01

Leading economists are divergent over the monetary policy stance of the central bank, with some seeing it as 'expansionary' while others call it 'contractionary'. Bangladesh Bank governor Fazle Kabir...

BB releases MPS aiming to spur growth, curb inflation

BB releases MPS aiming to spur growth, curb inflation

FE Report 2018-08-01 09:44:55

The central bank announced a new monetary policy statement (MPS) on Tuesday for promoting job-centric growth with a restraining approach to curb inflationary pressure on the economy. Bangladesh Ban...

BFIU finds evidence of Tk 40b capital flight

BFIU finds evidence of Tk 40b capital flight

FE Report 2018-08-01 09:34:16

A group of businesses is reported to have been involved in capital flight amounting to Tk 40 billion in disguise of imports and exports. Bangladesh Financial Intelligent Unit (BFIU) has discovered...

Cooperation within South Asia very important for development: Muhith

Cooperation within South Asia very important for development: Muhith

FE Online Report 2018-07-31 20:31:14

Finance Minister AMA Muhith on Tuesday said cooperation within South Asian countries is very important for this region to develop including Bangladesh. “South-south cooperation is very importan...

Yield rates of long-term treasury bonds up in FY18

Yield rates of long-term treasury bonds up in FY18

FE Online Report 2018-07-31 16:57:02

Average yield rates of the long-term treasury bonds (T-bonds) increase modestly in the past fiscal year. Latest statistics released by the central bank showed that weighted average yield rate of 10-Y...

BB unveils growth-supportive monetary policy for H1

BB unveils growth-supportive monetary policy for H1

FE Online Report 2018-07-31 13:56:39

The central bank of Bangladesh on Tuesday unveiled a growth-supportive and restrained monetary policy for the first-half (H1) of the current fiscal year (FY) to cope with challenges ahead of the gener...

S Korean business sentiment worsens to 17-month low

S Korean business sentiment worsens to 17-month low

-- 2018-07-31 12:40:18

A gauge of businesses sentiment over economic situations for South Korea fell to the lowest in 17 months on worry about the global trade conflict. The business sentiment index (BSI) came in at 75 i...

Japan factory output falls over 2pc in June

Japan factory output falls over 2pc in June

-- 2018-07-31 11:38:40

The industrial production in Jappan fell 2.1 per cent from a month earlier in June, the Ministry of Economy, Trade and Industry said Tuesday. The seasonally adjusted index of the output at factories...

Muhith for timely submission of govt entities' audit reports

Muhith for timely submission of govt entities' audit reports

FE Report 2018-07-31 11:21:14

Finance Minister A M A Muhith has stressed the need for timely submission of audit reports of different government institutions. "If you submit the reports within the (stipulated) time period, those...

BB unveils H1 monetary policy today

BB unveils H1 monetary policy today

FE Report 2018-07-31 10:01:02

The central bank unveils its first-half (H1) yearly monetary policy today (Tuesday) aiming to achieve maximum economic growth by boosting investments in productive sectors. Bangladesh Bank (BB) gover...

Beijing to shut 1,000 manufacturing firms by 2020

Beijing to shut 1,000 manufacturing firms by 2020

Reuters 2018-07-30 12:15:54

China’s capital Beijing will shut around 1,000 manufacturing firms by 2020 as part of a programme aimed at curbing smog and boosting income in neighbouring regions, state media said on Monday....

BB to unveil H1 monetary policy Tuesday

BB to unveil H1 monetary policy Tuesday

-- 2018-07-30 11:57:06

Bangladesh Bank will unveil its monetary policy statement for the first half (H1) of the 2018-19 fiscal, covering the period from July to December, on Tuesday. Central bank governor Fazle Kabir will...

BB to announce new Monetary Policy Statement Tuesday

BB to announce new Monetary Policy Statement Tuesday

-- 2018-07-29 19:48:39

Bangladesh Bank (BB) will announce its Monetary Policy Statement (MPS) for the first half of the financial year 2018-19 (FY19) on Tuesday. BB Governor Fazle Kabir will unveil the MPS in the morning o...

ECNEC approves nine projects worth Tk 75.39b

ECNEC approves nine projects worth Tk 75.39b

-- 2018-07-29 15:49:26

The Executive Committee of the National Economic Council (ECNEC) on Sunday approved nine projects involving Tk 75.39 billion. The approval came from an ECNEC meeting held at NEC conference room...

Top functionaries  visit dev projects in Ctg

Top functionaries visit dev projects in Ctg

FE Online Desk 2018-07-29 13:13:17

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Nominal wage growth drops slightly in FY18

Nominal wage growth drops slightly in FY18

FE Online Report 2018-07-29 12:15:33

Rate of wage increase in the country’s low paid skilled and unskilled labours declined marginally in the past fiscal year. Latest Wage Rate Index (WRI), released by the Bangladesh Bureau of Sta...

Inflation of clothing, footwear  jumps by 4.80pc in FY18

Inflation of clothing, footwear jumps by 4.80pc in FY18

FE Online Report 2018-07-28 12:24:23

Price inflation of clothing and footwear across the country jumped by 4.80 per cent in the past fiscal year. Latest statistics, released by Bangladesh Bureau of Statistics (BBS), showed that Consumer...

US economic growth hits fastest rate since 2014

US economic growth hits fastest rate since 2014

BBC 2018-07-28 10:47:04

The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1 per cent, official figures show. The gains were driven by strong consumer sp...

Ministries dragging their feet over tapping blue economy

Ministries dragging their feet over tapping blue economy

Rezaul Karim 2018-07-28 10:14:37

The government's move to tap the blue economy has hardly made any progress over the past three years mainly due to dilly-dallying attitude of the ministries concerned, officials said. The Prime Minis...

Govt's non-tax revenue earnings on the slide

Govt's non-tax revenue earnings on the slide

Jasim Uddin Haroon 2018-07-28 09:51:39

The government's non-tax revenue (NTR) earning, which mostly includes resources mobilised from dividend, profit and fees by various departments, has been much below the expectation. Implementation of...

Imran Khan faces tough test in looming economic crisis

Imran Khan faces tough test in looming economic crisis

-- 2018-07-27 20:42:06

Equity and bond markets have welcomed Imran Khan’s victory in Pakistan’s disputed election, but the former cricket hero faces a tough slog to avert a currency crisis and implement long-ter...

17pc remittance comes from Saudi Arabia in FY18

17pc remittance comes from Saudi Arabia in FY18

-- 2018-07-27 19:01:43

Bangladeshi expatriates living in the Kingdom of Saudi Arabia (KSA) sent over 17 per cent, or US$2,591.58 million of the total inflow of remittance $14,978.86 million in the outgoing fiscal 2017-18 (F...

Taiwan economic growth likely to slow in Q2

Taiwan economic growth likely to slow in Q2

-- 2018-07-27 16:55:54

The economic growth of Taiwan is likely to slow in the second quarter (Q2) amid trade tensions between the United States and China, according to Reuters poll. The median forecast in a Reuters poll...

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

-- 2018-07-26 18:06:12

The Asian Development Bank's (ADB) Board of Directors has approved a new long-term corporate strategy -- Strategy 2030 -- that sets out the institution's broad vision and strategic response to the evo...

Egypt's budget deficit narrows to 9.8pc

Egypt's budget deficit narrows to 9.8pc

-- 2018-07-26 16:51:51

Egypt’s budget deficit for the 2017-2018 fiscal year was 9.8 per cent of gross domestic product (GDP), down from 10.9 per cent the previous year. Egypt achieved a primary fiscal surplus for t...

WB mission in town to discuss $750m budgetary credit line

WB mission in town to discuss $750m budgetary credit line

FHM Humayan Kabir 2018-07-26 10:17:47

The World Bank (WB) has decided to provide US$ 750 million in budgetary support after fielding a mission in Dhaka to discuss the potential lending, officials said on Wednesday. Officials said a...

India to hold top spot for economic growth: Poll

India to hold top spot for economic growth: Poll

-- 2018-07-26 09:50:27

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside ri...

Minister asks DCs to promote domestic tourism

Minister asks DCs to promote domestic tourism

-- 2018-07-25 19:47:18

Civil Aviation and Tourism Minister AKM Shahjahan Kamal has directed the deputy commissioners (DC) to take initiatives for setting up new spots for tourists. Shahjahan Kamal gave the directives durin...

BB sets Tk 218b farm credit target for FY’19

BB sets Tk 218b farm credit target for FY’19

FE Report 2018-07-25 16:15:51

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19. The loan was estimated to be nearly 7.0 pe...

BB eases rules to attract dollar deposits

BB eases rules to attract dollar deposits

FE Report 2018-07-25 10:28:20

The central bank has relaxed regulations, allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency rates to encourage savings in such accounts. Eurocurren...