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The Financial Express

Search results for: economy

Eurogroup head outlines pragmatic  view on ‘euro zone budget’

Eurogroup head outlines pragmatic view on ‘euro zone budget’

-- 2017-10-15 11:28:55

WASHINGTON, Oct 15 (Reuters): A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund...

Tofail urges exporters to adopt 'Look East' approach

Tofail urges exporters to adopt 'Look East' approach

FE Report 2017-10-14 12:00:00

Commerce Minister Tofail Ahmed Friday urged the country's exporters and manufacturers to take a 'Look East' approach to expanding and diversifying export market and products. "Our exporters intend to...

No signs of excesses building in markets: BOJ

No signs of excesses building in markets: BOJ

Reuters 2017-10-14 12:00:00

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in US, European and Japanese markets as a result of heavy money printing by the BOJ....

User test of online VAT return starts

User test of online VAT return starts

FE Report 2017-10-13 12:00:00

VAT online project (VoP) launched user acceptance test (UAT) of online return submission last week, before introducing it to businesses under the amended VAT rules. The online VAT return filing syste...

Japan exports seen up in Sept

Japan exports seen up in Sept

Reuters 2017-10-13 12:00:00

Japan’s exports likely grew for a tenth straight month in September buoyed by upbeat demand from overseas, a Reuters poll showed on Friday, underscoring a steady economic recovery. Exports were...

Generous rural power connections far outstrip actual generation

Generous rural power connections far outstrip actual generation

M Azizur Rahman 2017-10-12 12:00:00

Generous power connections through "unplanned" network expansion in the country's rural areas have far outstripped generation, resulting in sporadic outage, sufferers said. Inadequate and inefficient...

Japan wholesale prices rise 3pc in Sept

Japan wholesale prices rise 3pc in Sept

-- 2017-10-12 12:00:00

Japanese wholesale prices rose 3.0 per cent in September from a year earlier, at the fastest annual pace in almost nine years, due to rising prices for gasoline, metals, and agricultural products. Ec...

IMF chief stresses inclusive global trading system

IMF chief stresses inclusive global trading system

-- 2017-10-12 12:00:00

IMF chief Christine Lagarde has underlined the need to redouble efforts to create a more inclusive global trading system amidst signs that the developed countries, including the US, were resetting tra...

President for developing stress tolerant crops

President for developing stress tolerant crops

-- 2017-10-12 12:00:00

President M Abdul Hamid Thursday asked researchers, experts and others concerned to create stress-tolerant crop varieties for sustainable socio-economic development of the country. "There is no alte...

Poverty alleviation by 2024: Muhith

Poverty alleviation by 2024: Muhith

UNB 2017-10-12 11:01:48

Finance Minister AMA Muhith has said Bangladesh will achieve success in alleviating poverty by 2024. The minister came up with the assertion while addressing at an international seminar titled 'Towa...

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Syed Ali Asfar 2017-10-12 07:48:56

Bangladesh has been ranked 88th out of 119 countries on the Global Hunger Index this year. The report was released by Washington-based International Food Policy Research Institute (IFPRI). The GHI,...

UNDESA mission  exchanges views  with FBCCI  leaders

UNDESA mission exchanges views with FBCCI leaders

-- 2017-10-11 12:51:43

A mission from Committee for Development Policy (CDP) Secretariat of UNDESA (United Nations Department of Economic and Social Affairs ) met FBCCI President Md Shafiul Islam (Mohiuddin) at FBCCI Bhab...

US chip maker unveils next-generation  device for fully autonomous cars

US chip maker unveils next-generation device for fully autonomous cars

-- 2017-10-11 12:00:00

Silicon Valley graphics chipmaker NVIDIA unveiled on Tuesday the first computer chips for developing fully autonomous vehicles and said it had more than 25 customers working to build a new class of dr...

IMF projects 7.0pc growth for Bangladesh

IMF projects 7.0pc growth for Bangladesh

FE Online Report 2017-10-11 12:00:00

International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18). The fund unveiled the projection in its latest World...

Tax reform may be 'painful' for some states: Kaplan

Tax reform may be 'painful' for some states: Kaplan

-- 2017-10-11 11:17:55

Limiting the ability of Americans to deduct what they pay in state and local taxes from their federal tax bill “could be painful” for some US states already suffering from population drain...

Apparel exports to China, Japan fall

Apparel exports to China, Japan fall

Monira Munni 2017-10-11 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

Global financial stability improves amid looming risks: IMF

Global financial stability improves amid looming risks: IMF

-- 2017-10-11 06:58:27

The global economic recovery has strengthened financial stability but easy monetary and financial conditions against a backdrop of sluggish inflation is elevating medium-term risks, the International...

ICMAB organises  workshop in Ctg  on cost audit

ICMAB organises workshop in Ctg on cost audit

-- 2017-10-10 12:31:10

The Chittagong Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a workshop titled 'Cost Audit - A Practical Approach' recently at Agrabad, sai...

State-run sugar mills' losses reach Tk 30b

State-run sugar mills' losses reach Tk 30b

Rezaul Karim 2017-10-10 12:30:03

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said. "The cash-strappe...

Hurricane history favours US building suppliers

Hurricane history favours US building suppliers

-- 2017-10-10 12:24:53

There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will bene...

Economy faces downside risks

Economy faces downside risks

Siddique Islam 2017-10-10 12:00:00

The country's conomy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank. The latest Bangladesh Bank Quarterly (BBQ) outlo...

BD to launch 'Poverty Environment Accounts' system

BD to launch 'Poverty Environment Accounts' system

-- 2017-10-10 12:00:00

The government is going to pilot a “Poverty Environment Accounts (PEA)” system to get coherent quantification and practical link between the poverty and environment aimed at formulating po...

Employment growth halves for missed economic potential: WB

Employment growth halves for missed economic potential: WB

 Jasim Uddin Haroon 2017-10-10 12:00:00

Bangladesh's employment growth almost halved in 2010- 2016 compared to the preceding period since 2003, according to the World Bank (WB) that indicated job-scant economic growth as a major reason. T...

Agro investment crosses Tk 603.8b in eight years

Agro investment crosses Tk 603.8b in eight years

-- 2017-10-10 12:00:00

With a view to increasing production of crops and bringing agriculture inputs to the purchasing capacity of farmers, the government has invested Tk 603.8 billion in the last eight years. “The A...

China expects to achieve 2017 growth target

China expects to achieve 2017 growth target

-- 2017-10-10 01:31:23

China will have no problem meeting its economic growth target of around 6.5 per cent this year, and may even beat it, the head of the Statistics Bureau said on Tuesday. Steps taken by the government...

Think again, businesses tell govt on new VAT law

Think again, businesses tell govt on new VAT law

FE Report 2017-10-09 12:00:00

The government should rethink merits of the existing VAT law 1991, including multiple rates and package VAT and tariff value, before the pending switch. Business leaders and economists came up with t...

60pc of Monarch passengers back  in the UK

60pc of Monarch passengers back in the UK

BBC 2017-10-09 12:00:00

More than 60 per cent of holidaymakers left overseas when Monarch Airlines collapsed have now flown back to the UK, the Civil Aviation Authority says. The CAA stepped in after all of Monarch's flight...

Export earnings drop  9.83pc in Sept

Export earnings drop 9.83pc in Sept

FE Report 2017-10-09 12:00:00

The country's earnings from shipment of merchandise products declined by 9.83 per cent to US$ 2.03 billion in September 2017 over the corresponding month of 2016. The earnings in the third month of t...

China service-sector growth falls in Sept

China service-sector growth falls in Sept

-- 2017-10-09 12:00:00

Growth in China’s services sector fell to the lowest level for 21 months in September as the pace of new business cooled, a private survey showed. The survey was in sharp contrast to an officia...

US economist Richard Thaler wins Nobel economics prize

US economist Richard Thaler wins Nobel economics prize

-- 2017-10-09 12:00:00

US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics. The Royal Swedish Academy of Sciences said on Monday made the announcement....