Loading...
The Financial Express

Search results for: economy

16th amendment verdict: Committee formed to file review

-- October 20, 2017 21:11:52

A 11-member committee has been formed led by the Attorney General Mahbubey Alam for filing a review petition against the Supreme Court's 16th amendment verdict, reports UNB. Attorney General Mahbubey...

China posts solid economic growth in Q3

-- October 20, 2017 14:25:37

China posted relatively solid economic growth in the third quarter (Q3), driven by a stronger services industry, data showed on Friday. China’s property sector grew 3.9 per cent in the Q3 from...

NBR exempts physical inspection of export goods until June next

Doulot Akter Mala October 20, 2017 11:42:44

Exporters will be allowed to get duty drawback without physical inspection of goods as the National Board of Revenue (NBR) relaxed a mandatory provision of a law in this regard recently. The exemptio...

5.0m mts petroleum import likely next year

-- October 19, 2017 23:40:13

The government has set a target to import about 5 million metric tonnes of different petroleum fuels for the year 2018 against the country's demand for 5.752 million mts. The remaining 752,000 mts wi...

Govt to provide broadband to every union next year: Joy

-- October 19, 2017 21:53:54

Prime Minister's Information and Communication Technology Affairs Adviser Sajeeb Wazed Joy today expressed the hope that the government will provide high speed broadband internet service to every unio...

Govt hints at reconsidering spectrum conversion fee

-- October 19, 2017 21:23:04

The spectrum conversion fee for technology neutrality of mobile phone operators might be reconsidered ahead of introducing 4G (fourth generation) service in the country in ensuing December. "We are m...

Oil slips but holds most recent gains on expected OPEC cuts

-- October 19, 2017 21:16:36

LONDON, Oct 19 (Reuters): Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower US production. Brent crude LCOc1 was...

Alliance to leave after May, Accord gets six months more

-- October 19, 2017 21:01:32

Accord and Alliance, the two western buyers' platforms working to improve workplace safety in the Bangladesh readymade garment (RMG) sector, will leave the country at the end of their tenure on May 31...

Thrust on planned housing in rural areas

-- October 19, 2017 20:32:51

Housing and Public Works Minister Mosharraf Hossain has stressed the need for taking initiatives to set up planned housing in rural areas, aiming to protect arable land. "It's learnt that at least 23...

China’s economy grow 6.8pc in Q3

-- October 19, 2017 10:52:47

China’s economy grew at 6.8 per cent in the third quarter year-on-year, down marginally from the previous quarter's 6.9 per cent, government data showed Thursday. The second largest econom...

General imports drop despite higher food importation

Siddique Islam October 19, 2017 10:05:41

The country's overall imports dropped by over 8.0 per cent or US$315.20 million in September despite higher import of food-grains to cool an overheated market. Officials believe a slowdown in the imp...

India’s tightened consumer goods standards could hurt China imports

Reuters October 19, 2017 01:20:46

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world's two most pop...

China’s GDP rises to $12.1t in five years: Xi Jinping

-- October 18, 2017 17:58:09

President Xi Jinping said China has maintained its position as the world’s second largest economy and contributed more than 30 per cent of global economic growth. China’s GDP rose from 54...

China will deepen economic reforms: Xi

Reuters October 18, 2017 14:24:46

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday....

Mastercard holds global risk leadership confce

FE Online Desk October 18, 2017 13:17:26

A group of high officials from Mastercard’s Member Banks and Financial Institutions in Bangladesh recently attended the Mastercard Global Risk Leadership Conference-Asia Pacific at Capella Sento...

Jamuna Bank, Silkways Card ink deal

FE Online Desk October 18, 2017 11:45:23

An agreement was signed between Jamuna Bank and Silkways Card & Printing Ltd.  (Silkcard) recently for Card Personalising Service. Under this agreement, Jamuna Bank will personalise all types...

Inflation hits two-year-high at 6.12pc

FE Report October 18, 2017 11:13:06

The point-to-point inflation rate hit the two-year-high of 6.12 per cent in last month (September), mainly due to rise in the prices of some food and non-food items, officials said. The Bangladesh Bu...

Online tax return filing yet to gather pace

Doulot Akter Mala October 18, 2017 10:37:44

The revenue board found its online system for submission of income-tax returns largely forlorn and went on a mass campaign for teaching taxpayers how to do it. Sources said less than 100 taxpayers s...

Move to reverse remittance fall

Siddique Islam October 18, 2017 09:37:42

Bangladesh Bank advised the banks which have exchange houses abroad to appoint agents in the respective countries to help prop up falling inward remittances. All banks have also been asked to extend...

Income inequality widens further

FE Report October 18, 2017 09:31:16

Income inequality in Bangladesh has widened further despite decline in the rate of poverty, dropping to 24.3 per cent last year from 31.5 per cent six years back. Official findings in the Household I...

OPEC compliance with oil output cut deal at 86pc, says IEA head

-- October 18, 2017 01:08:55

SEOUL, Oct 17 (Reuters): The Organisation of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 per cent, Fatih Birol, the executive director of the I...

'Poverty rate in Bangladesh drops to 24.3pc'

-- October 17, 2017 20:24:25

The poverty rate in the country came down to 24.3 per cent although it is still high at rural level with 26.4 per cent while 18.9 per cent at urban level. Bangladesh Bureau of Statistics (BBS) on Tue...

UK inflation hits highest since April 2012

-- October 17, 2017 19:42:33

The UK's key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer Prices Index (CPI) climbed to 3 per cent, a level...

Inflation rises in September

-- October 17, 2017 19:06:41

The rate of inflation in the month of September has witnessed a rise by 0.59 percentage point, according to the latest data of Bangladesh Bureau of Statistics (BBS). As per BBS statistics, inflation...

Singapore Sept exports post surprise decline

Reuters October 17, 2017 13:48:46

Singapore’s exports unexpectedly fell from a year earlier in September, data showed on Tuesday, their first on-year contraction in five months as electronics shipments posted their first decline...

Thrust on greater support for fisheries sector in BD

FE Online Desk October 17, 2017 12:55:34

A high level policy workshop, held in Dhaka recently urged for greater support for fisheries and aquaculture sector in Bangladesh. The workshop was held in connection with the dissemination of a compr...

Policy unpredictability: Economy, investment decisions suffer most

-- October 17, 2017 10:44:03

Experts called for making Regulatory Impact Assessment Policy to reduce unpredictability of rules and regulations that stymies investment and innovations in the country. Conducting a regulatory impac...

BB reinforces forex support to banks

Siddique Islam October 17, 2017 10:31:37

The central bank has strengthened its foreign currency support to the commercial banks for settling import payment obligations, particularly of food grains and fuel oils. As part of the move, the Ban...

Corporate tax posts 20.55pc growth in Q1

Doulot Akter Mala October 17, 2017 10:20:09

Income tax collection from the large corporate taxpayers posted 20.55 per cent growth in the first quarter of the current fiscal year (FY) largely because of higher financial contribution of the comme...

Change looms in global central banking leadership

Reuters October 16, 2017 13:15:38

The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects...