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The Financial Express

Search results for: economy

Govt to support businesses for job creation: Kamal

FE REPORT December 25, 2019 10:46:04

Finance Minister AHM Mustafa Kamal on Tuesday said the government will continue to support the growth of private sector so they can employ more people. He said, "Businesses should set a target to reg...

BB sets single-digit lending rate for industrial manufacturers

SIDDIQUE ISLAM December 25, 2019 09:43:39

The Bangladesh Bank (BB) board of directors has approved a proposal on a single-digit lending rate for industrial manufacturers to add an impetus to the country's economic growth. The approval came a...

TIB expresses concerns

FE ONLINE REPORT December 24, 2019 21:15:46

The Transparency International, Bangladesh (TIB) expressed concerns about uncertainty of climate financing in UN Climate Change Conference (COP25) in Madrid of Spain. There was no certain development...

China central bank to conduct six billion yuan bill swaps

-- December 24, 2019 13:54:19

China’s central bank will conduct a bill swap operation to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital, it said on Tuesday. The bill swaps, with a...

Tourists to Palestine grow 15 pc in 2019: Minister

-- December 24, 2019 12:49:04

The number of tourists to the occupied Palestinian territories increased by 15 per cent in 2019, Palestinian Minister of Tourism and Antiquities Rula Maayah has said. "The number of tourists who have...

BB set to issue circular on single-digit loan rate

SIDDIQUE ISLAM December 24, 2019 10:18:57

The central bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said. A draft of the circular is expected t...

China's forex market remains balanced

Global Times December 23, 2019 18:20:30

China's cross-border capital flight pressure has been much alleviated this year, with the country expected to continue liberalising its capital account while cracking down on illegal trading activitie...

Singapore's core inflation grows to 0.6 pc in Nov

-- December 23, 2019 15:19:38

Singapore's Consumer Price Index for all items (CPI-All Items) grew 0.6 per cent year-on-year in November, compared to a 0.4-per cent growth in October, according to a statement. The Ministry of Trad...

NBR cuts AIT to 3.0pc on cement materials import

Mohammad Mufazzal December 23, 2019 10:30:09

The government has reduced the rate of advance income tax (AIT) on import of cement raw materials to 3.0 per cent from 5.0 per cent. National Board of Revenue (NBR) issued a SRO (statutory regulatory...

Technip revises down construction cost estimate of oil refinery

M AZIZUR RAHMAN December 23, 2019 09:34:29

French firm Technip, which is keen to clinch the contract for building the country's second crude oil refinery, has revised down the estimated cost of its construction to US$ 2.23 billion. The oil re...

Violent protests affect Assam's tourism industry

-- December 22, 2019 19:28:05

The tourism industry in India's northeastern state Assam is taking a hit right now as violent anti-Citizenship Amendment Act (CAA) protests by various oraganisations against the controversial act cont...

Int'l SME conference held in India

-- December 22, 2019 18:26:07

World Association for Small and Medium Enterprises (WASME) organised 23rd International Conference for SMEs (ICSME) on “Achieving inclusive and sustainable goal through SME 4.0 by promoting SMEs...

China-US phase-one trade deal a concrete step to de-escalate tensions

Xinhua December 22, 2019 18:14:27

The China-US phase-one economic and trade deal is a concrete step toward de-escalating bilateral tensions, experts have said. "We see the phase-one agreement as modest, but for now, it ends the escal...

E-commerce trade still poor in BD: WB report

Saif Uddin December 21, 2019 11:05:11

The rate of online sales through different e-commerce platforms accounts for a very limited portion of the total retail sales in Bangladesh, according to a World Bank (WB) study. "Global online purch...

July-Nov farm credit flow up by over 11pc

Siddique Islam December 21, 2019 10:51:40

Farm credit disbursement grew by more than 11 per cent in the first five months of the current fiscal year (FY), 2019-20, as demand for such loan has been picked up due to seasonal effects. Disburs...

Financial sector's input to GDP drops for second year

FHM HUMAYAN KABIR December 21, 2019 09:39:05

Irregularities and problems of various nature in the country's banking and financial sector have hit its growth, as the sector's expansion rate has fallen in the last fiscal year (FY), 2018-19, for th...

LatAm to see slow economic growth in 2020

-- December 20, 2019 14:59:25

The Latin American economy will accelerate slowly in 2020 due to decreased concerns over global political and commercial risks, according to experts. After showing almost zero growth in 2019, the reg...

Nine PPP-G2G projects: Scope aplenty for $10b investment

MUNIMA SULTANA December 20, 2019 10:11:10

Scope abounds for a whacking $10-billion investment in nine projects under public-private partnership (PPP) with the government-to-government (G2G) arrangement. The PPP Authority (PPPA) has so far si...

Taka strengthens against dollar

SIDDIQUE ISLAM December 19, 2019 10:52:23

The local currency appreciated by two paisa against US dollar on Wednesday after nearly three years in the inter-bank foreign exchange (forex) market. Dollar was quoted at Tk 84.88 per unit on the...

ESCAP sees BD's positive trade growth in 2019

FE REPORT December 19, 2019 10:50:46

Despite sluggish merchandise exports from Bangladesh in the outgoing year 2019, a United Nations (UN) body forecasts positive annual export growth for the country. The UN Economic and Social Commissi...

'Single digit lending rate for manufacturing sector from January 1'

BSS December 18, 2019 20:20:57

Finance Minister AHM Mustafa Kamal has expected that the bank interest rate for manufacturing sector will come down to single digit from January 1 for accelerating the country’s industrialisatio...

Kashmir sees $2.4b losses since lockdown

-- December 18, 2019 15:46:47

A lockdown in Indian-administered Kashmir has cost its economy more than 2.4 billion US dollar since the government stripped it of its special status, Kashmir Chamber of Commerce and Industry (KCCI) s...

EU approves $557m soft loan to Jordan

-- December 18, 2019 12:51:49

Jordan has said that the European Parliament approved with a vast majority to grant Jordan a soft loan of 500 million euros (557 million US dollars) with a low-interest rate. According to a statement...

Cuba to see 0.5pc GDP growth in 2019

-- December 18, 2019 12:44:32

Cuba's gross domestic product (GDP) will see a slight 0.5-per cent expansion in 2019, the country's Economy Minister Alejandro Gil said has on. Speaking to legislatures, Gil said the country's econom...

Vietnam c bank cuts reference exchange rate

-- December 18, 2019 12:10:51

The State Bank of Vietnam (SBV) has adjusted its daily reference exchange rate between Vietnamese dong and US dollar down by 4 Vietnamese dong to 23,158 Vietnamese dong per US dollar. With the curren...

RMG export drops 6.61pc in July-Nov

MONIRA MUNNI December 18, 2019 10:22:49

The country's ready-made garment (RMG) export to major non-traditional markets witnessed a negative growth of 6.61 per cent during the first five months of current fiscal year (FY), 2019-20, accordi...

'Poverty rate drops to 20.5pc in FY19'

FE Online Desk December 17, 2019 18:00:18

The poverty rate in Bangladesh came down to 20.5 per cent in the fiscal 2018-19. The figure was 21.8 at the end of 2017-18 fiscal year. Planning Minister MA Mannan gave the information while briefing...

ECNEC approves nine projects involving Tk 32.27b

UNB December 17, 2019 17:39:30

The Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared nine projects involving Tk 32.27 billion. The approval came from the ECNEC meeting held at NEC Conference room in t...

Transfer Pricing Cell to put 921 foreign cos under scanner

DOULOT AKTER MALA December 17, 2019 10:02:21

The Transfer Pricing Cell (TPC) would put some 921 foreign companies, operating in Bangladesh in various forms, under its close scrutiny to find out the level of their tax compliance in relation to cr...

Equinox to buy Leagold for about $578m

-- December 16, 2019 20:57:17

Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest consolidation in the industry that has seen deals wort...