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The Financial Express

Search results for: economy

N Korean economy falls lowest in 20 years

N Korean economy falls lowest in 20 years

-- 2018-07-20 13:23:00

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday. Gross domestic product (GDP) of the isolated nation fell to...

Bumper wheat harvest may  ignite Argentina economy

Bumper wheat harvest may ignite Argentina economy

-- 2018-07-20 13:16:14

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

North Korea economy shrinks at sharpest  rate in 20 years as sanctions bite

North Korea economy shrinks at sharpest rate in 20 years as sanctions bite

-- 2018-07-20 12:37:38

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, in a clear sign international sanctions imposed to stop Pyongy...

GDP growth beats ADB forecast

GDP growth beats ADB forecast

FE Online Report 2018-07-19 20:04:11

Country’s growth has surpassed last forecast at the Asian Development Outlook (ADO) as its agriculture and industry growth was higher than expected, the Asian Development Bank (ADB) has said....

Australia jobs jump in June

Australia jobs jump in June

-- 2018-07-19 12:33:11

Australian employment surged by the most this year in June as firms took on more full-time workers, yet the jobless rate held steady as more people entered the labour force in a trend that has curbed...

S Korea cuts economic growth outlook

S Korea cuts economic growth outlook

-- 2018-07-18 13:02:26

South Korea on Wednesday cut its economic growth to 2.9 per cent forecast from 3.0 per cent for the current year, citing a feeble labour market recovery and global trade tensions. In its bi-annual ec...

LDC graduation: Planning minister calls for more int'l support

LDC graduation: Planning minister calls for more int'l support

FE Report 2018-07-18 10:32:41

Planning Minister AHM Mustafa Kamal has urged the global development and trading partners to extend support for Bangladesh during its graduation to a developing nation status. He said, "A growing n...

Bangladesh calls for increased global support during graduation period

Bangladesh calls for increased global support during graduation period

FE Online Report 2018-07-17 20:56:00

Planning Minister AHM Mustafa Kamal urged global development and trading partners to extend support to Bangladesh during its graduation process to developing nation.  “A growing number of...

BB denies gold scam report

BB denies gold scam report

-- 2018-07-17 20:12:53

The Bangladesh Bank has claimed that the gold kept by the customs at the central bank’s vault was not adulterated. The central bank made the statement at a press conference on Tuesday afternoon...

Singapore's NODX grows 1.1pc in June

Singapore's NODX grows 1.1pc in June

-- 2018-07-17 11:22:20

Singapore's non-oil domestic exports (NODX) grew 1.1 percent year on year in June, Enterprise Singapore, a government agency that champions enterprise development, announced on Tuesday. The city st...

Muhith seeks info on state of banks

Muhith seeks info on state of banks

Rezaul Karim 2018-07-17 11:15:32

Finance Minister AMA Muhith has sought detailed and updated information about the country's scheduled banks. Mr Muhith asked the senior secretary of the Financial Institutions Division (FID) to take...

Bidding for Laldia terminal by July

Bidding for Laldia terminal by July

Syful Islam 2018-07-17 10:19:11

The bidding for the construction of Laldia multi-purpose terminal in Chattogram will take place by this month, officials said. To this end, the Public-Private Partnership Authority (PPPA) has recentl...

China GDP growth slows to 6.7pc in Q2

China GDP growth slows to 6.7pc in Q2

-- 2018-07-16 13:43:25

China economy grew 6.7 per cent in second quarter year-on-year, its slowest pace since 2016, as Beijing’s efforts to contain debt hurt activity. The country’s June factory output growth w...

Microcredit gains momentum

Microcredit gains momentum

FE Report 2018-07-16 10:39:32

The number of microcredit beneficiaries across the country rose significantly in one year to June 2016, according to the Microcredit Regulatory Authority (MRA) data. The total number of loan recipien...

Record govt servants to retire this FY

Record govt servants to retire this FY

Jasim Uddin Haroon 2018-07-16 09:54:29

A record number of public servants are set to go into retirement during the current fiscal year (FY), 2018-19. The government will require an amount estimated at Tk 260.47 billion to meet their pensi...

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...