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The Financial Express

Search results for: economy

German industrial orders plunge in June

German industrial orders plunge in June

-- 2018-08-06 12:47:24

German industrial orders plunged record low in June, fell by 4.0 per cent after an increase of 2.6 per cent the previous month, the Federal Statistics Office said on Monday. The orders posted the ste...

Govt to invest Tk 9.26b to ensure food, nutrition security for rural people

Govt to invest Tk 9.26b to ensure food, nutrition security for rural people

-- 2018-08-05 19:44:11

The government along with the assistance from the International Fund for Agricultural Development (IFAD) will invest Tk 9.26 billion (Tk 926.50 crore) or US$ 109.85 million to increase income and food...

Indonesia lobbies US over special tariff treatment

Indonesia lobbies US over special tariff treatment

-- 2018-08-05 17:38:44

Indonesia lobbied visiting US Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Su...

BB reports 18pc increase in remittance in July

BB reports 18pc increase in remittance in July

-- 2018-08-05 15:41:07

Bangladeshi expatriates sent home US $1,316.93 million remittance in the first month of the current fiscal 2018-19, which is 18 per cent higher than the amount received in the corresponding period of...

US pledges $300m security funding for SE

US pledges $300m security funding for SE

-- 2018-08-04 11:51:53

US Secretary of State Mike Pompeo pledged on Saturday to provide nearly $300 million in new security funding for Southeast Asia, as China forges ahead with plans to bolster its engagement in the reg...

Italy economy to slow down in coming months

Italy economy to slow down in coming months

-- 2018-08-03 16:27:30

Italian economic growth is likely to weaken in coming months, national statistics office ISTAT said on Friday. In its monthly economic bulletin, ISTAT said its latest composite leading indicator &ldq...

Internal audit dept to help recover loan: Study

Internal audit dept to help recover loan: Study

FE Report 2018-08-03 10:20:24

Each bank has to establish a separate internal audit (IA) department, which will speed up the recovery of loan though legal measure, according to a study. The study, conducted by Bangladesh Institute...

Interest rate drops to single digit from Aug 9: Muhith

Interest rate drops to single digit from Aug 9: Muhith

-- 2018-08-02 20:42:05

Finance Minister AMA Muhith has said the interest rate in the banking sector will come down to single digit from August 9. “The new initiative of the 6.0 per cent deposit rate and 9.0 per cent...

Investment proposals witness 11.89pc rise in FY18

Investment proposals witness 11.89pc rise in FY18

-- 2018-08-02 18:56:46

The investment proposals from both local and foreign entrepreneurs increased by 11.89 per cent in the fiscal year 2017-18 (FY18). In FY18, Bangladesh Investment Development Authority (BIDA) received...

ADB provides $500m loan for 800MW power plant

ADB provides $500m loan for 800MW power plant

FE Online Report 2018-08-02 14:37:31

The Asian Development Bank (ADB) has provided US$500 million loan to develop a state-of-the-art 800-megawatt (MW) power plant in Khulna. The fund will also be used for power transmission facilities...

BoE poise to raise rates interest

BoE poise to raise rates interest

-- 2018-08-02 13:55:11

The Bank of England (BoE) looks set to raise interest rates on Thursday to their highest level since the financial crisis almost a decade ago. The fifth largest economy of the world has slowed since...

BIDA gets 11.89pc higher investment bids in FY 18

BIDA gets 11.89pc higher investment bids in FY 18

FE Report 2018-08-02 10:09:48

The amount involving the investment proposals with Bangladesh Investment Development Authority (BIDA) has increased by around 11.89 per cent during the last fiscal year (FY), 2017-18, according to its...

WB loans get costlier, its terms too

WB loans get costlier, its terms too

FHM Humayan Kabir 2018-08-02 09:27:39

Bangladesh will no longer eligible for concessional loan from the World Bank as it has started lending at 2.0 per cent rate. The Washington lender has made the higher rate effective from last month i...

Malaysia eyes Myanmar labourers as alternative to Bangladeshis

Malaysia eyes Myanmar labourers as alternative to Bangladeshis

-- 2018-08-01 13:52:22

Malaysian factories are hiring Myanmar labourers directly, without charging them broker fees, because of a labour shortage, according to the Myanmar Overseas Employment Agencies Federation. “Em...

Trump to slap 25pc tariff on $200b of Chinese imports

Trump to slap 25pc tariff on $200b of Chinese imports

-- 2018-08-01 13:13:03

The Trump administration plans to propose slapping a 25-per cent tariff on $200 billion of imported Chinese goods after initially setting them at 10 per cent. The administration plan to more than d...

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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