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The Financial Express

Search results for: economy

Commercial launch of metro rail likely to miss schedule

Commercial launch of metro rail likely to miss schedule

Munima Sultana 2017-10-04 12:00:00

Some problems, including the ones in the bidding process, are likely cause substantial delays in launching of the much-publicised metro rail. Project sources said commercial launching of mass rapid t...

Interest rates on bank deposits increase

Interest rates on bank deposits increase

Siddique Islam 2017-10-04 12:00:00

Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure. The weighted average interest rate on deposi...

Bangladesh signs $4.5b LoC deal with India

Bangladesh signs $4.5b LoC deal with India

FE Report 2017-10-04 12:00:00

Bangladesh and India Wednesday signed a US$4.5 billion dollar credit line which will be used for 17 development projects. Bangladesh’s Economic Relations Division Secretary Kazi Shofiqul Azam a...

MTB signs deal with RIC on payroll banking solutions

MTB signs deal with RIC on payroll banking solutions

FE Online Desk 2017-10-04 12:00:00

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Resource Integration Centre (RIC) at a simple ceremony held at the RIC Central Office, Dhanmondi, Dhaka.   Under this agr...

Arun Jaitley wants cashless economy to reduce corruption, tax evasion

Arun Jaitley wants cashless economy to reduce corruption, tax evasion

-- 2017-10-04 12:00:00

Visiting Indian Finance Minister Arun Jaitley supports cashless economy as a cash-based economy harms the poor and supports corruption. "If the economy depends mostly on cash, the curse of cash hits...

UK economy in low gear

UK economy in low gear

-- 2017-10-04 12:00:00

Britain’s economy remains stuck in low gear but price pressures are rising again, according to surveys on Wednesday that will probably keep the Bank of England on track to raise interest rates s...

Japanese companies struggle to hire staff

Japanese companies struggle to hire staff

Reuters 2017-10-03 12:27:40

Companies in Japan’s service industries are struggling to hire and retain staff as the labour market becomes the tightest in decades, and are increasingly taking unorthodox steps to alleviate th...

ERF buys office space at Paltan

ERF buys office space at Paltan

FE Report 2017-10-03 12:00:00

Economic Reporters' Forum (ERF) has moved to purchase a floor space at Paltan in the city aiming to establish its permanent office and an institute to help sharpen the professional skill of business j...

India-BD to sign $4.5b LoC deal Wednesday

India-BD to sign $4.5b LoC deal Wednesday

FHM Humayan Kabir 2017-10-03 12:00:00

Dhaka signs a deal with Delhi tomorrow (Wednesday) on a US$4.5 billion third line of credit (LoC) tagged with stringent conditions, officials said Monday. Besides, they said, the two sides will enter...

Dhaka Bank inks term sheet with Chandpur Power Gen

Dhaka Bank inks term sheet with Chandpur Power Gen

FE Online Desk 2017-10-03 12:00:00

Dhaka Bank Limited signed a Term Sheet with Chandpur Power Generations Limited - a concern of Doreen Group for arrangement of Syndicated Term Loan of USD 65.00 million Monday at the Corporate Office o...

IPDC Finance  builds home for flood affected people

IPDC Finance builds home for flood affected people

FE Online Desk 2017-10-03 12:00:00

IPDC Finance Limited has come forward to help the flood-affected people. The company with the cooperation of ex-cadets forum, an organisation of alumni and current students of Bangladesh National Cade...

Producing skilled human resources to enhance productivity stressed

Producing skilled human resources to enhance productivity stressed

-- 2017-10-02 12:00:00

Speakers at a discussion have said skilled human resources can enhance productivity in every sector to attain sustainable development goals (SDGs) for building a middle income nation by 2021 and devel...

Muhith urges stock market investors to apply knowledge

Muhith urges stock market investors to apply knowledge

-- 2017-10-02 10:17:38

Finance Minister AMA Muhith on Monday called on investors in the stock market to know, understand and analyse the market before investing money. He made the call while inaugurating the World Investor...

Women spend more time than men in unpaid works: Study

Women spend more time than men in unpaid works: Study

-- 2017-10-01 12:41:21

Women in Bangladesh spend more time than men in unpaid works, according to a recent research. The findings say women spend around eight hours on an average per day in unpaid caring works while their...

22-day Hilsa ban begins: Bangladesh contributes 65pc of total global output

22-day Hilsa ban begins: Bangladesh contributes 65pc of total global output

-- 2017-10-01 12:00:00

22-day ban on hilsa fishing begins in Chandpur Sunday. The government every year takes the move to increase the production of the popular fish species.   The government has imposed a ban on c...

UN fails to manage initial funds for Rohingyas in BD

UN fails to manage initial funds for Rohingyas in BD

-- 2017-10-01 12:00:00

The United Nations has not yet received even half of the funds it initially sought to respond to crisis Bangladesh is now facing with the newly arrived Rohingyas from Myanmar’s Rakhine State, re...

Skill Development key to achieving competitiveness:BUILD

Skill Development key to achieving competitiveness:BUILD

FE Online Desk 2017-10-01 12:00:00

Business Initiative Leading Development (BUILD), a public-private policy reforms body said it is high time for the key stakeholders to comprehend the complex and multifaceted nature of the developme...

NCC Bank arranges biz meeting for Dhaka-based branches

NCC Bank arranges biz meeting for Dhaka-based branches

FE Online Desk 2017-10-01 12:00:00

NCC Bank arranged a Business Meeting for Managers & Deputy Managers of Dhaka-based branches at the Bank's Head Office recently. Md. Nurun Newaz Salim, Chairman of the Bank inaugurated the meeti...

Saudi Arabia slips into recession in Q2, GDP shrinks 2.3pc

Saudi Arabia slips into recession in Q2, GDP shrinks 2.3pc

-- 2017-10-01 05:09:08

Saudi Arabia’s economy has slipped back into recession as the oil sector stagnates and the government sector is hit by austerity policies designed to curb a state budget deficit caused by low oi...

Shahriar for raising sugarcane cultivation

Shahriar for raising sugarcane cultivation

-- 2017-10-01 04:54:07

  RAJSHAHI, Oct 1: State Minister for Foreign Affairs Shahriar Alam has asked the farmers to raise sugarcane cultivation with optimum uses of the existing natural resources for survival of sugar...

Rice prices slip in India, Thailand; exporters eye Bangladesh

Rice prices slip in India, Thailand; exporters eye Bangladesh

-- 2017-10-01 01:00:44

Rice prices dipped this week in the Asian hubs of India and Thailand, but prospects of new deals with flood-ravaged Bangladesh could reinvigorate sluggish markets for the staple grain amongst top ex...

BB finds problem with BKB financials

BB finds problem with BKB financials

Syful Islam 2017-09-30 12:00:00

A central bank inspection team has detected 'window dressing' in the balance sheet of Bangladesh Krishi Bank (BKB) to show its higher earnings and conceal provision shortfall to lower its net loss, of...

Major utility service providers in Bangladesh ill-prepared to face calamities

Major utility service providers in Bangladesh ill-prepared to face calamities

Jasim Uddin Haroon 2017-09-30 12:00:00

The country's major utility-service providers blissfully lie ill-prepared to face any disaster - manmade or natural - for lack of auto-shutdown mechanisms, leaving people and property in risks as ever...

China factory activity rises to five-year high

China factory activity rises to five-year high

-- 2017-09-30 10:58:05

Activity in China’s manufacturing sector grew at the fastest pace since 2012 in September, as factories cranked up output to take advantage of strong demand and high prices. The official PMI re...

Oil climbs as tension over  Iraqi Kurdistan rises

Oil climbs as tension over Iraqi Kurdistan rises

-- 2017-09-29 12:29:44

LONDON, Sept 28 (Reuters): Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the autonomous Kurdistan region's vote in favor of independence in a referendum.Brent c...

UK economic growth slows to four-year low

UK economic growth slows to four-year low

-- 2017-09-29 12:00:00

Britain’s economy grew at its slowest pace since 2013 in the 12 months after last year’s Brexit vote, data showed on Friday, painting a subdued picture as the Bank of England prepares to r...

Govt bags bountiful taxes in July

Govt bags bountiful taxes in July

Doulot Akter Mala 2017-09-29 11:29:25

Government's tax-revenue collection saw a 27.05 per cent growth in the first month of this fiscal largely for a surge in imports and steady growth in exports. Officials said domestic value-added tax...

Japan inflation surges in August

Japan inflation surges in August

-- 2017-09-29 01:59:02

Japan’s core inflation accelerated in August, industrial output rose more than expected and demand for labour remained at its strongest in over 40 years in a further sign of solid momentum of th...

BTMA, rights groups decry power price hike bid

BTMA, rights groups decry power price hike bid

FE Report 2017-09-28 12:00:00

A proposal for raising power tariffs under Bangladesh Rural Electrification Board (BREB) faced opposition from consumer rights activists, politicians and a trade body in the public hearing. Rather, t...

BB issues notice relaxing loan provisioning policies further

BB issues notice relaxing loan provisioning policies further

FE Report 2017-09-28 12:00:00

The central bank has relaxed its loan provisioning policies further to facilitate disbursement of agriculture and micro-credits by the banks, officials said. Under the relaxations, the banks will hav...