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The Financial Express
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Search results for: economy

BD’s position drops in global innovation index

BD’s position drops in global innovation index

FE Online Report 2018-07-15 16:38:05

The position of Bangladesh in the latest global index of innovation has dropped by two steps. The country ranked 116th among 126 countries in the Global Innovation Index (GII)-2018 which is co-publis...

Secondary trading slips by 62pc in FY ‘18

Secondary trading slips by 62pc in FY ‘18

FE Report 2018-07-15 10:29:41

Secondary trading of treasury bills and treasury bonds has dropped sharply during the last fiscal year, reflecting the lower demand for the government securities. Latest statistics with the central b...

Copper heads for fifth weekly loss

Copper heads for fifth weekly loss

-- 2018-07-14 21:38:03

LONDON, July 14 (Reuters): Copper headed for a fifth weekly loss on Friday as trade tensions between the United States (US) and China rumbled on, while aluminium hit a three-month low ahead of a summi...

Oil rises but declines for the week as supply concerns ease

Oil rises but declines for the week as supply concerns ease

-- 2018-07-14 21:36:32

NEW YORK, July 14 (Reuters): Oil prices rose about 1.0 per cent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan por...

BB asks banks to remain alert over import-export mismatch

BB asks banks to remain alert over import-export mismatch

FE Online Report 2018-07-14 13:10:46

Bangladesh Bank (BB) governor Fazle Kabir on Saturday called the public and private commercial banks to remain alert over the growing mismatch in the growth of import and export. He indicated that su...

India's trade deficit widens to $16.6b in May

India's trade deficit widens to $16.6b in May

-- 2018-07-14 12:20:51

India's trade deficit widened to more than five years of $16.6 billion in June, the trade ministry said on Friday, driven largely by a surge in oil prices and a weaker rupee. The trade deficit widene...

New exportables up for cash incentives

New exportables up for cash incentives

Rezaul Karim 2018-07-14 10:29:32

New eligible traditional and non-traditional export items are going to get cash incentive/subsidy this fiscal year (FY), 2018-19, sources said. The government has made the initiative to bring new p...

Procurement troubles plague execution of Indian LoC projects

Procurement troubles plague execution of Indian LoC projects

FHM Humayan Kabir 2018-07-14 09:20:33

Bangladesh and India recently sat together to review eight slow-moving projects under the Line of Credit (LoC) characterised by procurement complexities, officials said on Friday. Eight projects invo...

NBR software in the offing to check banks’ VAT evasion

NBR software in the offing to check banks’ VAT evasion

-- 2018-07-13 17:36:34

The National Board of Revenue (NBR) is going to install its own internet-based software in all the commercial banks, aiming to check the growing cases of VAT evasion at source. This software will in...

Singapore Q2 GDP growth slows on trade raw

Singapore Q2 GDP growth slows on trade raw

Reuters 2018-07-13 15:50:38

The economic growth of Singapore eased in the second quarter (Q2), preliminary data showed on Friday, as manufacturing activity cooled amid the ongoing US-China trade raw. Gross domestic product grew...

Japan exports likely to grow 7.0pc in June

Japan exports likely to grow 7.0pc in June

-- 2018-07-13 15:49:25

Japan’s exports likely grew 7.0 per cent from a year ago, thanks to global demand for semiconductors and electronic parts, a Reuters poll showed. The country is expected to report a solid growt...

Annual export to Canada crosses $1.10b again

Annual export to Canada crosses $1.10b again

FE Online Report 2018-07-13 15:46:06

Merchandise export to Canada from Bangladesh crossed $1.10 billion in the past fiscal year. Statistics available with the Export Promotion Bureau (EPB) showed that the export reached at $1.118 bill...

Peru's c bank holds rate again

Peru's c bank holds rate again

-- 2018-07-13 14:40:13

Peru’s central bank held the benchmark interest rate at 2.75 per cent for the fifth consecutive month on Thursday as expected. Citing recovering inflation and signs of more dynamic economic act...

Current account deficit crosses $9.0b in 11 months

Current account deficit crosses $9.0b in 11 months

FE Report 2018-07-13 10:04:45

The country's current account deficit crossed $ 9.0 billion in the first eleven months of the fiscal year just gone by, the central bank said. Bangladesh Bank data showed that the current account def...

Govt’s bank borrowing balloons as ADP execution revs up

Govt’s bank borrowing balloons as ADP execution revs up

Siddique Islam 2018-07-13 09:47:54

The government's net borrowing from the banking system marked an abrupt jump in the last week of June, driven by demand from development projects. Such borrowing was at a negative level, amounting to...

FY '18 foreign aid flow up by 66pc

FY '18 foreign aid flow up by 66pc

FHM Humayan Kabir 2018-07-13 09:38:32

The flow of foreign aid into Bangladesh surged by a whopping 66 per cent to a record US$6.12 billion during the last fiscal year (FY), the government said. During FY 2016-17, foreign development part...

Canada raises interest rate amid trade row

Canada raises interest rate amid trade row

-- 2018-07-12 13:11:11

The Bank of Canada announced Wednesday it was raising the benchmark interest rate from l.25 per cent to 1.5 per cent, partly due to rising trade tensions with the United States. The US has been pre...

US firms in China mostly oppose tariffs, survey shows

US firms in China mostly oppose tariffs, survey shows

-- 2018-07-12 12:07:42

Most US businesses operating in China oppose the use of tariffs in retaliation for the challenges they face, from an uneven playing field to poor protection of intellectual property rights, a survey s...

BR announces start of Padma Rail project work

BR announces start of Padma Rail project work

Munima Sultana 2018-07-12 10:04:34

The Bangladesh Railway (BR) formally announced the commencement of Padma Rail Link project two months after signing a loan deal with China. The announcement came after meeting all the conditions atta...

BPDB, GE sign deal for Moheshkhali power plant

BPDB, GE sign deal for Moheshkhali power plant

-- 2018-07-11 19:09:37

The Bangladesh Power Development Board has signed a deal with General Electric to build a 3,600MW LNG-based power plant in Moheshkhali of Cox's Bazar. The memorandum of understanding was signed in Dh...

US threatens tariffs on another $200b of Chinese goods

US threatens tariffs on another $200b of Chinese goods

-- 2018-07-11 12:48:50

The Trump administration raised the stakes in its trade dispute with China, threatening 10 per cent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beiji...

BD leading global push to get transitional benefits

BD leading global push to get transitional benefits

Mehdi Musharraf Bhuiyan 2018-07-11 10:21:39

Bangladesh is leading a global push for getting the LDC-related benefits for the nations that are set to graduate to a developing country status in the coming years. The country is set to co-host an...

BB faces tough task to lower inflation after spike

BB faces tough task to lower inflation after spike

FE Report 2018-07-11 09:27:54

The central bank may face a challenge to bring down the average annual inflation to 5.6 per cent in the current fiscal year (FY) after it exceeded the target in the last fiscal. The average annual in...

China-BD exhibition centre gets ECNEC nod

China-BD exhibition centre gets ECNEC nod

FE Online Report 2018-07-10 20:10:09

The China-Bangladesh exhibition centre at Purbachal in Dhaka was finally approved by ECNEC of Tuesday, nine years after its preliminary initiative in 2009.    The total cost of the “B...

China pledges $20b to revive Mideast economy

China pledges $20b to revive Mideast economy

-- 2018-07-10 13:43:16

Chinese President Xi Jinping has pledged a package of $20 billion (15.12 billion pounds) in loans, and about $106 million in financial aid, to Middle East nations. The president on Tuesday pledged...

Philippines' trade deficit rises in May

Philippines' trade deficit rises in May

-- 2018-07-10 12:53:41

The trade deficit of Philippines rose to five-month high in May as exports shrunk while imports continued to grow, although at a slower annual pace, the statistics agency said. The imports of the Sou...

Bangladesh Bank for 'growth supportive' MPS

Bangladesh Bank for 'growth supportive' MPS

Siddique Islam 2018-07-10 10:21:07

The central bank has started preparations to formulate its next monetary policy, giving top priority to curb the rising trend of inflation and help the productive sectors achieve maximum economic grow...

Current account deficit threatens macro stability

Current account deficit threatens macro stability

FE Report 2018-07-10 09:46:30

A sizeable current account deficit along with changing global and domestic liquidity conditions has made the management of macro-financial stability challenging. Identifying the challenge, the centra...

China June FX reserves unexpectedly  rise amid trade war fears

China June FX reserves unexpectedly rise amid trade war fears

-- 2018-07-09 10:54:17

China’s foreign exchange reserves unexpectedly rose in June, driven by changes in the value of its holdings and even as concerns of a full-blown trade war between Beijing and the Washington ratt...

Audit exemption only if income is 15pc higher

Audit exemption only if income is 15pc higher

Doulot Akter Mala 2018-07-09 09:42:58

No taxpayer will be able to get exemption from any audit by showing only a gross increase in the annual income compared to that of the previous year, according to a new guideline. Taxpayers now will...