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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Thrust on more allocation in water, sanitation

Thrust on more allocation in water, sanitation

FE Online Desk 2018-06-25 12:27:08

  Speakers on Sunday urged the government to increase budgetary allocation for water, sanitation and hygiene (WASH) sector to achieve the SDG 6 goal, said a statement. The Sustainable Developme...

Warning against burdening banks

Warning against burdening banks

FE Report 2018-06-25 09:53:04

The financial sector of Bangladesh has developed a dangerous notion called 'mismatch of maturity', as short-term deposits are used for financing long-term investment here, eminent economist Dr. Rehman...

Philippines reseeks probe report on reserve heist

Philippines reseeks probe report on reserve heist

Syful Islam 2018-06-25 09:42:54

The Philippines government has again requested Bangladesh to forward an investigation report on reserve heist from the Bangladesh Bank's account at the New York Fed, finance ministry sources said. Th...

Firm selection for subways' feasibility study faces review

Firm selection for subways' feasibility study faces review

Munima Sultana 2018-06-24 11:31:15

A cabinet committee has asked the authority concerned to review the selection of an international contractor for carrying out a feasibility study on subways in the city. Sources said the cabinet comm...

China consumer prices likely to stable in H2 2018

China consumer prices likely to stable in H2 2018

-- 2018-06-23 16:03:23

The consumer prices in China are likely to be stable in the second half (H2) of the year, the state planner said on Saturday, amid the trade dispute with the United States. “The market in gener...

Greece debt deal not a long-term relief: Jubilee USA

Greece debt deal not a long-term relief: Jubilee USA

FE Online Desk 2018-06-23 13:21:40

The new deal that Greece has signed with European Union does not hold enough debt relief to keep the crisis-hit country out of trouble for a long term, the Jubilee USA network has observed. Parts of...

Malaysia halts Bangladeshi worker hiring system

Malaysia halts Bangladeshi worker hiring system

-- 2018-06-23 11:15:29

Malaysia has suspended the only system used to hire Bangladeshi workers after allegations surfaced that a Bangladeshi businessman with prestigious ‘Datuk Seri’ title was using it to make b...

Outflow of women migrants on rise despite workplace abuse

Outflow of women migrants on rise despite workplace abuse

Arafat Ara 2018-06-23 10:05:36

The number of women workers leaving for Saudi Arabia for jobs has increased in recent months despite the fact that workplace abuse has forced many to return home. A total of 39,578 women migrants wen...

Overcrowding of prisons strains budgetary funds

Overcrowding of prisons strains budgetary funds

Jubair Hasan 2018-06-23 09:50:34

The jail authorities are facing hardship to accommodate an increasing number of inmates, placing strains on its limited budget, officials said. This leads to financial constraints, while making it di...

Agri sector not getting its due in nat'l budget

Agri sector not getting its due in nat'l budget

FE Report 2018-06-23 09:36:21

The country's agriculture sector is witnessing a sluggish growth in recent years and it is inadequate to propel the targeted GDP growth, experts warned at a seminar in the capital on Friday. At the s...

Japan's core consumer prices rise 0.7pc in May

Japan's core consumer prices rise 0.7pc in May

-- 2018-06-22 14:21:18

The core consumer prices in Japan gained 0.7 per cent in May from a year earlier, government data showed on Friday. According to the data from the ministry of internal affairs and communications, the...

Central bank asks NBFIs to rationalise deposit rates

Central bank asks NBFIs to rationalise deposit rates

Siddique Islam 2018-06-22 11:58:57

The central bank has asked the non-banking financial institutions (NBFIs) to fix the interest rates on deposits at reasonable level for ensuring stability in the country's financial sector. The advic...

Greece gets debt relief from euro zone

Greece gets debt relief from euro zone

-- 2018-06-22 11:55:29

Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet afte...

Malaysia names new central bank governor

Malaysia names new central bank governor

-- 2018-06-22 10:52:45

Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, following the exit of its prev...

BD for greater connectivity with India

BD for greater connectivity with India

-- 2018-06-21 18:40:08

Bangladesh High Commissioner to India Syed Muazzem Ali said Thursday that Bangladesh and India should co-operate in connectivity for the mutual benefit. "Connectivity offers a game-changing opportuni...

ECNEC okays e-passport project, 14 others

ECNEC okays e-passport project, 14 others

FE Online Report   2018-06-21 18:16:33

The Executive Committee of the National Economic Council (ECNEC) Thursday approved a project to make around 30 million e-passports to keep pace with other countries. The approval for the Tk 46.36 b...

ADP execution rate lower

ADP execution rate lower

FHM Humayan Kabir 2018-06-21 09:59:55

The government spent almost 63 per cent of the Annual Development Programme (ADP) allocations in the 11 months to May of fiscal year (FY) 2017-18. Planning Commission officials said the rate of the d...

New partnership to bridge revenue data gap

New partnership to bridge revenue data gap

Doulot Akter Mala 2018-06-21 09:53:07

The tax authorities are going to establish an institutional partnership for addressing the discrepancy in revenue collection data by the board and Controller General of Accounts (CGA) office. Recentl...

WB provides $50m to develop housing for slum dwellers

WB provides $50m to develop housing for slum dwellers

-- 2018-06-20 19:55:06

The World Bank has provided US$ 50 million to help develop standard housing facilities for the lower income people. Finance Minister Abul Maal Abdul Muhith came up with the statement while replying t...

'9.9 million new workforce by 2020'

'9.9 million new workforce by 2020'

-- 2018-06-20 17:56:56

About 9.9 million new workforce would be added to the country’s manpower sector by 2020 as planned in the 7th Five Year Plan. Prime Minister Sheikh Hasina came up with the statement while reply...

Economy gradually recovering: Japan

Economy gradually recovering: Japan

-- 2018-06-20 15:05:30

Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter. “Japan’s...

Budget reactions on telecom, ICT today

Budget reactions on telecom, ICT today

FE Online Desk 2018-06-20 13:18:25

Seven trade bodies/associations, mostly on telecom and ICT will hold a joint press conference Wednesday at 3.00 pm to present their budget reactions. The associations are AMTOB, BASIS, BACCO, BCS, BM...

NBR estimates huge loss in proposed corporate tax cut

NBR estimates huge loss in proposed corporate tax cut

Doulot Akter Mala 2018-06-20 09:54:02

The revenue authorities have estimated Tk 25 billion losses in corporate tax collection in the upcoming fiscal year (FY) provided the budgetary proposal made in this connection comes into force from J...

Planning minister hopes 10pc growth by 2029

Planning minister hopes 10pc growth by 2029

-- 2018-06-19 21:45:23

Planning Minister AHM Mostafa Kamal hopes Bangladesh will be able to attain 10 per cent economic growth by 2028-29, after implementation of mega projects. “No one can stop the country from atta...

Remittances rise ahead of Eid festival

Remittances rise ahead of Eid festival

FE Report 2018-06-19 10:59:31

The country received nearly US$ 900 million in remittances in the first half of the current month as overseas Bangladeshis sent higher volume of money back home ahead of the Eid-ul-Fitr festival,...

ADB to lend $50m for microenterprise development

ADB to lend $50m for microenterprise development

Syful Islam 2018-06-19 10:57:13

The Asian Development Bank (ADB) has agreed to lend US$50 million to help Bangladesh promote microenterprises led by women, finance ministry officials said. The fund will be channelled through Palli...

Fiscal incentives to rise in next fiscal year

Fiscal incentives to rise in next fiscal year

FE Online Report 2018-06-18 20:41:08

Fiscal incentives to agriculture, export and jute goods will increase in the next fiscal year, according to the proposed budget for FY19. It showed that the government allocates Tk 135.0 billion as f...

FDI accounts for 39pc of external finance for developing nations

FDI accounts for 39pc of external finance for developing nations

FE Online Report 2018-06-18 16:21:52

Foreign direct investment (FDI) accounted for 39 per cent of external finance on average for the developing nations between 2013 and 2017. World Investment Report (WIR) 2018 unveiled the estimation.&...

Global FDI flows may increase by 5.0 pc this year

Global FDI flows may increase by 5.0 pc this year

FE Online Report 2018-06-18 14:48:32

After a big drop in the past year, inflows of foreign direct investment (FDI) in the current year may increase by 5.0 per cent across the world. United Nations Conference on Trade and Development (UN...

Israel revises up annual GDP growth in first quarter

Israel revises up annual GDP growth in first quarter

-- 2018-06-18 14:18:51

Israel’s economy grew an annualised 4.5 per cent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of...