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The Financial Express
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Search results for: economy

UK economy continues stable growth

UK economy continues stable growth

-- 2018-02-11 12:49:39

The British economy continues to show stable growth, with the uncertainties around Brexit failing to blunt GDP expansion, according to an economic research institute report. The British economy grew...

Colombia keen to build Venezuela financial rescue plan

Colombia keen to build Venezuela financial rescue plan

-- 2018-02-11 12:46:49

Colombia has contacted international lending agencies about devising a financial rescue plan worth up to $60 billion for neighbouring Venezuela if President Nicholas Maduro leaves power, Colombia&rsqu...

Liquidity shortage hits ICB as banks withdraw deposits

Liquidity shortage hits ICB as banks withdraw deposits

Rezaul Karim 2018-02-11 10:18:25

The Investment Corporation of Bangladesh (ICB) has sought assistance of the Financial Institution Division (FID) of the Ministry of Finance to help meet its liquidity shortage. The Corporation has...

Govt to borrow another $450m hard-term WB loan

Govt to borrow another $450m hard-term WB loan

FHM Humayan Kabir 2018-02-11 09:53:25

Bangladesh is poised to borrow $450 million worth of loan from the Scale-up Facility Fund (SUF) of the World Bank (WB) soon, accepting the terms and conditions almost identical to those of the Bank's...

LTU-VAT collection marks 19pc growth

LTU-VAT collection marks 19pc growth

-- 2018-02-10 22:09:33

Collection of revenue under Large Taxpayer Unit (LTU) of Value Added Tax (VAT) has witnessed a staggering 19 per cent growth in first six months of fiscal 2017-18. LTU collection reached Tk 198.74 bi...

China lifts 13m people out of poverty each year

China lifts 13m people out of poverty each year

-- 2018-02-10 18:26:58

China lifts at least 13 million people out of poverty each year, according to the State Council Leading Group Office of Poverty Alleviation and Development. The country's poverty rate dropped from 1...

Over 80,000 get overseas job in Jan

Over 80,000 get overseas job in Jan

-- 2018-02-10 17:29:27

Over eighty thousand Bangladeshi people have got overseas job January 2018, according to an official of the Ministry of Expatriates' Welfare and Overseas Employment. With this fresh 81,846 people,...

Iraq seeks $100b for reconstruction

Iraq seeks $100b for reconstruction

-- 2018-02-10 12:03:09

Iraq seeks around $100 billion in foreign investment in transport, energy and agriculture as part of a plan to rebuild parts of the country and revive the economy after a three-year war on Islamic Sta...

Brief US govt shutdown ends

Brief US govt shutdown ends

-- 2018-02-10 11:59:59

A brief US government shutdown ended on Friday after Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually wit...

Sonali Bank gets Tk 200m as commission on hefty LC

Sonali Bank gets Tk 200m as commission on hefty LC

Syful Islam 2018-02-10 11:39:08

Sonali Bank will get Tk 200 million as commission on a hefty letter of credit (LC) opened for Rooppur Nuclear Power Plant (RNPP), after the trimming down of its bigger demand in a trade-off. Official...

BB to calculate house price index

BB to calculate house price index

FE Online Report 2018-02-10 11:23:51

The central bank has started work on calculating the country’s House Price Index (HPI) on a regular basis.  In March 2016, the research department of the central bank has taken the initiat...

Govt accounting of assets, liabilities on 'accrual' basis fails

Govt accounting of assets, liabilities on 'accrual' basis fails

Jasim Uddin Haroon 2018-02-10 10:35:40

A government move to convert its fiscal accounting to "accrual" system fails to sail through in eight years and, under the circumstances, the country does not get a realistic picture of transactions a...

Most banks not using risk tools

Most banks not using risk tools

Mehdi Musharraf Bhuiyan 2018-02-10 10:06:54

Almost two-third of the country's banking entities are not using risk tools in their decision making procedure, according to a recent survey conducted on the chief risk officers (CROs) of the banking...

BD seeks $ 1.37b from India for three projects under LoC-III

BD seeks $ 1.37b from India for three projects under LoC-III

FHM Humayan Kabir 2018-02-10 09:57:42

Dhaka sent three project proposals to New Delhi recently for getting endorsement of receiving nearly US$1.37 billion fund from the third phase of India's US$4.5 billion Line of Credit (LoC-III), offic...

BR readies revised mega master plan

BR readies revised mega master plan

Munima Sultana 2018-02-10 09:29:44

Bangladesh Railway (BR) completed the revision of its master plan with an investment proposal of Tk 5.10 trillion until 2045 for making the train system efficient in both cases of passenger and freigh...

China inflation eases in January

China inflation eases in January

-- 2018-02-09 15:38:34

The consumer inflation of China eased lowest since July 2017, even as global stock markets nosedive on fears that price pressures are slowly building in the United States and Europe. The consumer pri...

Cannot continue in UK without profit: Japan

Cannot continue in UK without profit: Japan

-- 2018-02-09 15:18:46

Japan has warned Prime Minister Theresa May that its companies would have to leave Britain if trade barriers after Brexit made them unprofitable. “If there is no profitability of continuing ope...

US govt shuts down for second time in three weeks

US govt shuts down for second time in three weeks

-- 2018-02-09 15:16:15

The US Senate approved a budget deal including a stopgap government funding bill early on Friday, but it was too late to prevent a federal shutdown that was already underway in an embarrassing setback...

Philippine bank threatens counter-suit over BB heist

Philippine bank threatens counter-suit over BB heist

-- 2018-02-09 14:45:52

A day after Bangladesh confirmed that it would sue a Philippines bank in US for damages over the 2016 cyber heist, Manila-based Rizal Commercial Bank Corp or RCBC has threatened counter measures. In...

NBR claims Tk 9.24b tax from Robi

NBR claims Tk 9.24b tax from Robi

-- 2018-02-09 14:11:02

The revenue authority has claimed Tk 9.24 billion in unpaid taxes from mobile telephone operator Robi Axiata Limited. The National Board of Revenue INBR) has sent five letters to the mobile operator...

Sonali Bank wants govt to help recover embezzled money

Sonali Bank wants govt to help recover embezzled money

Rezaul Karim 2018-02-09 10:14:07

Sonali Bank called for government intervention to recover huge funds embezzled by Hall-Mark and five other entities as a latest reminder came from above. Recently, the Financial Institutions Division...

NPLs soar four times in last Jan-Sept

NPLs soar four times in last Jan-Sept

Siddique Islam 2018-02-09 09:26:40

The classified loans of the offshore banking units (OBUs) of different banks swelled more than four times or Tk 3.18 billion in the first nine months of the last calendar year (2017). The non-perfo...

BB forecasts continuity of upward trend in remittance

BB forecasts continuity of upward trend in remittance

-- 2018-02-08 23:07:45

The central bank predicts that the recent increasing trend of remittance is likely to continue in the ensuing months. Bangladesh Bank (BB) Deputy Governor Abu Hena Mohammad Razee Hassan said the rece...

ICT exporters to get 10pc subsidy

ICT exporters to get 10pc subsidy

-- 2018-02-08 20:07:56

The exporters of the Information and Communication Technology (ICT) sector will get 10 per cent subsidy. Bangladesh Bank (BB) issued a circular on Thursday announcing the subsidy for the exporters of...

Australia’s $40b tourism industry under threat of climate change

Australia’s $40b tourism industry under threat of climate change

-- 2018-02-08 19:00:20

Australia’s $40 billion tourism ­industry is in danger and least prepared to deal with climate change, warned the Climate Council. Some of the country’s most prized natural assets, su...

Indian company to set up cold storage facility in BD

Indian company to set up cold storage facility in BD

-- 2018-02-08 17:21:23

Ahmedabad-based Natural Storage Solutions Pvt Ltd (NSSPL) announced the signing of a memorandum of understanding (MoU) with Dhaka-based Star Infrastructure Development Consortium Ltd for setting up a...

S Korea to keep rates accommodative: BOK

S Korea to keep rates accommodative: BOK

-- 2018-02-08 14:45:16

The Bank of Korea (BOK), the central bank of South Korea, has said that it would keep interest rates accommodative for now because inflation is tepid and consumers are saddled with record household de...

German trade surplus falls in 2017

German trade surplus falls in 2017

-- 2018-02-08 14:22:12

Germany’s trade surplus fell in 2017 for the first time in eight years, data showed on Thursday, in a further sign that vibrant domestic demand is sucking in more imports. The trade surplus i...

BoE to send new rates message

BoE to send new rates message

-- 2018-02-08 13:41:39

The Bank of England (BoE) is expected to say on Thursday that another rate hike could be nearing as the country’s economy grows faster than expected ahead of its departure from the European Unio...

DMTCL submits Tk 7.09b project bid to start design

DMTCL submits Tk 7.09b project bid to start design

FHM Humayan Kabir 2018-02-08 10:31:16

The government will start detailed design of a fresh metro-rail line between Airport and Kamalapur, as the agency concerned has sought approval of a project in this regard, officials said on Wednesday...