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The Financial Express
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Search results for: economy

For India’s banks, more bad loan woes likely on the way

For India’s banks, more bad loan woes likely on the way

-- 2018-02-15 11:14:47

Just when many Indian banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come. The central...

Consumer price rise signals firming inflation

Consumer price rise signals firming inflation

-- 2018-02-15 10:42:23

The Consumer Price Index grew by 0.5 per cent against forecasts of a 0.3 per cent rise in United States. The report followed earlier data showing accelerating US wage growth. That raised concerns the...

Civil servants likely to get large subsidised home loans

Civil servants likely to get large subsidised home loans

M Azizur Rahman 2018-02-15 10:29:14

The government contemplates doling out around Tk 9.80 billion in annual subsidy to civil servants to help them buy homes, which drew critical appreciation, though. Sources said the ceiling of home lo...

Recap of public banks again on the cards

Recap of public banks again on the cards

FE Report 2018-02-15 10:20:02

The government again moves to give funds for recapitalisation of state-owned banks (SoBs), officials said, amid criticisms from economists about sending public money "down the drain". The financial...

Banks, FIs to issue 7,033m yen as soft loans under FDI

Banks, FIs to issue 7,033m yen as soft loans under FDI

FE Online Report 2018-02-14 19:52:06

Bangladesh Bank (BB) has signed agreements with 24 banks and financial institutions (FI) for disbursing 7,033 million yen as soft loans to potential borrowers under foreign direct investment. Ninetee...

BIDA chief eyes more FDI to achieve SDGs

BIDA chief eyes more FDI to achieve SDGs

-- 2018-02-14 19:32:37

Bangladesh Investment Development Authority (BIDA) executive chairman has stressed on the need of increased Foreign Direct Investment (FDI) to achieve the Sustainable Development Goals (SDGs) by 2030....

PNB detects $1.8b fraud in Mumbai branch

PNB detects $1.8b fraud in Mumbai branch

-- 2018-02-14 16:52:22

Indian state-run Punjab National Bank (PNB) has detected some “fraudulent and unauthorised” transactions worth about $1.77 billion at one of its branches in Mumbai. The PNB bank said on W...

Country sees revolution in agriculture: Experts

Country sees revolution in agriculture: Experts

-- 2018-02-14 13:12:37

Agriculturists at a post-rally discussion in Rangpur have said Bangladesh has achieved revolutionary success in the agriculture, fishery and livestock sectors. They came up with the observation at t...

Philippines, China to jointly explore energy in S China Sea

Philippines, China to jointly explore energy in S China Sea

-- 2018-02-14 12:53:16

The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea that both sides lay claim without having to address...

Japan GDP slows to 0.5pc in Q4

Japan GDP slows to 0.5pc in Q4

-- 2018-02-14 12:26:19

Japan's economic growth slowed in the last three months of 2017 and missed expectations, preliminary official figures show. The world's third-largest economy expanded at an annualised rate of 0.5 per...

BD signs $92.30m deal with IFAD

BD signs $92.30m deal with IFAD

-- 2018-02-14 12:05:43

Bangladesh on Tuesday signed a financing agreement with the International Fund for Agricultural Development (IFAD) to sustainably improve incomes and promote resilience to extreme weather conditions f...

Singapore cautious on outlook after 2017 growth

Singapore cautious on outlook after 2017 growth

-- 2018-02-14 12:01:17

Singapore is expecting a moderation in economic growth this year, pressured by cooling shipments, after a global exports boom helped the city state clock its fastest expansion in three years in 2017....

Current account incurs deep deficit

Current account incurs deep deficit

FE Report 2018-02-14 09:32:46

Bangladesh's current-account deficit widened almost eight times or by $4.76 billion in the first half (H1) of this fiscal over the corresponding figure, as outgoings far outstripped incomings. Accord...

Regulator moves to meet Farmers Bank capital shortfall

Regulator moves to meet Farmers Bank capital shortfall

-- 2018-02-13 20:59:36

Bangladesh Bank (BB) has moved to find out a way to resolve the ongoing capital shortfall in the Farmers Bank Limited (FBL), a fourth generation bank that has been facing severe capital crunch. In th...

Global trade’s upward trajectory likely to continue in Q1: WTO

Global trade’s upward trajectory likely to continue in Q1: WTO

FE Online Report 2018-02-13 17:44:21

The World Trade Organisation (WTO) expresses optimism about the continued growth of the global trade in the first quarter (Q1) of the current calendar year. The latest World Trade Outlook Indicator (...

Govt earns Tk 53b from spectrum auction, tech neutrality fee

Govt earns Tk 53b from spectrum auction, tech neutrality fee

FE Online Report 2018-02-13 17:33:49

Government will formally hand over 4G licence to mobile network operators (MNOs) on February 20 – paving the way for launching 4th generation broadband cellular technology in country by February...

Japan economy seen growing for eighth quarter in a row

Japan economy seen growing for eighth quarter in a row

-- 2018-02-13 16:42:34

Japan’s economy was expected to grow for an eighth straight quarter in October-December, the longest period of expansion in about 30 years, a Reuters poll found on Feb 2, led by robust exports a...

Trade deficit jumps by 91pc in H1

Trade deficit jumps by 91pc in H1

FE Online Report 2018-02-13 16:05:05

Country’s merchandise trade deficit with the rest of the world jumped by 91 per cent in the first half (H1) of the current fiscal year (FY18). Statistics released by Bangladesh Bank on Tuesday...

UAE banks hopeful of recovering $22b Saudi debt

UAE banks hopeful of recovering $22b Saudi debt

-- 2018-02-13 14:40:54

Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB)...

New railway workshop to serve cross-border train corridor

New railway workshop to serve cross-border train corridor

FHM Humayan Kabir 2018-02-13 10:17:25

The government will establish Bangladesh's third railway workshop in Rajbari to provide backward-linkage service to cross-border train communications through Padma Bridge. Officials said Monday passe...

Govt offices owe power cos Tk 13b in unpaid bills

Govt offices owe power cos Tk 13b in unpaid bills

Syful Islam 2018-02-13 10:00:59

Power division has sought finance authorities' intervention to realise some Tk 13.83 billion in unpaid electricity bills from state entities, officials said, as recovery efforts failed. Officials sai...

Income tax collection witnesses 12.6pc growth in seven months

Income tax collection witnesses 12.6pc growth in seven months

-- 2018-02-12 22:10:13

Income tax collection marked a 12.6 per cent growth in the first seven months of the current fiscal (FY18). Revenue authorities collected Tk 327.55 billion in FY18 some Tk 35.95 billion more from tha...

$20m ADB loan to support textile, garment sectors

$20m ADB loan to support textile, garment sectors

FE Online Report 2018-02-12 20:23:33

The Asian Development Bank (ADB) will provide US$20 million loan to the country’s private sector in a bid to support textile and clothing industries. The Manila-based lender on Monday signed a...

China creates over 66m urban jobs in 5 years

China creates over 66m urban jobs in 5 years

-- 2018-02-12 14:17:43

China created more than 66 million urban jobs over the past five years, official data showed. Over the five years, 90 per cent of college graduates found jobs and more than 1.1 million redundant work...

Imports on higher  trajectory while  financing faces crunch

Imports on higher trajectory while financing faces crunch

Siddique Islam 2018-02-12 00:36:07

The opening of LCs remained on a higher trajectory, with country's overall imports growing by US$2.07 billion in the first half (H1) of the current fiscal, though financing may face a crunch now.&nb...

Metro-rail depot land development ends a year before deadline

Metro-rail depot land development ends a year before deadline

Munima Sultana 2018-02-12 00:34:34

Metro-rail depot land development work to set up necessary infrastructures at Uttara 3rd phase in the city has come to an end a year before its deadline, officials said. They said it has been finishe...

ADP witnesses 33.35pc rise in FY18

ADP witnesses 33.35pc rise in FY18

-- 2018-02-11 21:41:54

The implementation rate of the Annual Development Programme (ADP) in first seven months of the current fiscal witnessed a 33.35 per cent rise. As per latest Implementation Monitoring and Evaluation D...

Better infrastructural platform will improve ‘Doing Business’ ranking

Better infrastructural platform will improve ‘Doing Business’ ranking

FE Online Report 2018-02-11 20:48:29

DCCI on Sunday laid emphasis on creating infrastructure platform for entrepreneurs to carry on their operations smoothly and improve the country’s ‘Doing Business’ ranking. DCCI chi...

Imports register 9.0pc growth in H1

Imports register 9.0pc growth in H1

FE Online Report 2018-02-11 19:53:17

Country’s overall imports marked more than 9.0 per cent growth or US$2.07 billion rise in the first-half (H1) of the current fiscal year (FY 18). Officials apprised this to higher import of foo...

Country clocks self-sufficiency in fish, meat production

Country clocks self-sufficiency in fish, meat production

FE Online Report 2018-02-11 14:34:04

The country for the first time in its history has attained self-sufficiency in fish and meat production. The fisheries ministry sources say the fish production target for 2016-17 was set at 4.05 mill...