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The Financial Express

Search results for: economy

UK inflation hits 40-year high

UK inflation hits 40-year high

-- 2022-05-18 15:45:39

Britain’s inflation rate rose to the highest level in 40 years last month as Russia’s war in Ukraine fueled further increases in food and fuel prices. Consumer price inflation accelerated...

Private sector commercially use national grid for power transmission on cards  

Private sector commercially use national grid for power transmission on cards  

-- 2022-05-17 22:53:10

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that the government will allow the private sector to commercially use the national grid for power transmission. "A draft p...

US Dollar Currency Index down 0.7pc at 103.39, lowest since May 6

US Dollar Currency Index down 0.7pc at 103.39, lowest since May 6

-- 2022-05-17 22:02:50

The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors' appetite for riskier bets diminished the US curren...

Bangabandhu satellite fetched Tk 3.0b in revenue over three years: BSCL

Bangabandhu satellite fetched Tk 3.0b in revenue over three years: BSCL

-- 2022-05-17 18:34:27

It was not up to expectations, but the Bangladesh Satellite Company Limited (BSCL) says the Bangabandhu satellite has generated Tk 3.0 billion in revenue over three years. The company released a stat...

NEC approves Tk 2.46 trillion ADP for FY23

NEC approves Tk 2.46 trillion ADP for FY23

-- 2022-05-17 16:29:11

The National Economic Council (NEC) on Tuesday approved a Tk 2.46 trillion Annual Development Programme (ADP) for the next fiscal year (FY23). The transport and communication sector has got the highe...

A US dollar now costs Tk 97!

A US dollar now costs Tk 97!

FE ONLINE DESK 2022-05-17 11:13:16

The Bangladesh Bank has devalued the taka against the US dollar for the third time in two months to stabilise the currency market. The US dollar exchange rate for interbank transactions was revised t...

Govt set to approve Tk 2.46 trillion ADP for FY '23 today

Govt set to approve Tk 2.46 trillion ADP for FY '23 today

FHM HUMAYAN KABIR 2022-05-17 08:44:57

The government is set to approve a Tk 2.46 trillion annual development programme (ADP) for the next fiscal year (FY) 2022-23 today (Tuesday), aiming to facilitate quick recovery of the economy, offici...

Belgian team meets BEPZA EC, discuss investment potential

Belgian team meets BEPZA EC, discuss investment potential

-- 2022-05-16 17:22:16

A two-member delegation from Flanders Investment and Trade (Belgium), led by its Trade and Investment Commissioner Babette Desfossez, has made a courtesy call on Executive Chairman of BEPZA Major Gene...

Ukraine war, India ban push wheat prices higher in global markets

Ukraine war, India ban push wheat prices higher in global markets

-- 2022-05-16 15:00:40

India's ban on exports of wheat due to the heatwave that hit crops has raised the prices of the staple cereal in the international markets. Domestic prices in the South Asian country ascended to a...

Taka depreciates by 80 paisa against US$

Taka depreciates by 80 paisa against US$

SIDDIQUE ISLAM 2022-05-16 12:21:58

The exchange rate of Bangladesh taka (BDT) has dropped significantly against the US dollar (US$) mainly due to higher demand for the greenback for settling import-payment obligations. The local...

Taliban announces first annual Afghan budget

Taliban announces first annual Afghan budget

-- 2022-05-15 16:05:27

Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country's Taliban authorities said on Saturday without clarifying how the gap between expected reven...

FY23 budget: Tk 23.53b more to feather-bed rail

FY23 budget: Tk 23.53b more to feather-bed rail

FHM HUMAYAN KABIR 2022-05-15 08:43:13

Despite its poor-performer image, the state rail service is going to get Tk 149.28 billion, which is up by Tk 23.53 billion, in the upcoming uplift budget, officials said on Saturday. The Bangladesh...

Manpower export grows, raises hope

Manpower export grows, raises hope

ARAFAT ARA 2022-05-14 08:51:29

A steady outflow of migrant workers in the last four months of this year raises hope for healthy growth in overseas labour employment - a vital source for Bangladesh's foreign-exchange reserves. Of...

ADB re-affirms commitment to Bangladesh's sustainable development

ADB re-affirms commitment to Bangladesh's sustainable development

-- 2022-05-13 19:31:32

The Asian Development Bank (ADB) will prioritise its assistance towards Bangladesh for graduation from LDC, climate change and sustainable development goals. This is to help the country achieve its g...

Dollar climbs to 20-year high on inflation fears

Dollar climbs to 20-year high on inflation fears

-- 2022-05-13 17:49:00

The dollar climbed to a 20-year high on Thursday as concerns persisted that central bank actions to counter high inflation would crimp global economic growth, boosting the currency's safe-haven appeal...

Spain wants "More In-depth Cooperation" with Bangladesh

Spain wants "More In-depth Cooperation" with Bangladesh

-- 2022-05-13 17:44:42

Spanish Ambassador to Bangladesh Francisco de As-s Ben-tez Salas has said Madrid is ready to go into "More In-depth Cooperation" as Bangladesh and Spain are reviewing its 50-year bilateral relationshi...

Bangladesh's consumption soars 18.36pc to Tk 38.19t

Bangladesh's consumption soars 18.36pc to Tk 38.19t

FHM HUMAYAN KABIR 2022-05-13 09:41:09

Bangladesh's consumption rate has picked up to a record high of 18.36 per cent in the current fiscal year (FY), 2021-22, resulting in higher economic output. The consumption has swelled to Tk 38.19...

Kamal eyes return of laundered money

Kamal eyes return of laundered money

FE REPORT 2022-05-13 09:10:31

Finance minister AHM Mustafa Kamal on Thursday pinned hopes on getting back the money that has been laundered from the country over the years. "We're greatly hopeful that the money earlier sent abroa...

Black money whitening scope may go in next FY

Black money whitening scope may go in next FY

DOULOT AKTER MALA 2022-05-13 08:15:40

A special scheme on whitening black money heads for hitting the dead end with its tenure expiry as the government may skip it in the upcoming budget, officials say. The scheme is scheduled to expire...

Japan's SoftBank faces record losses as investments sour

Japan's SoftBank faces record losses as investments sour

-- 2022-05-12 17:12:05

SoftBank Group sank into losses in the past fiscal year as the value of its global investments declined, the Japanese technology company reported Thursday. SoftBank Group Corp. reported red ink total...

Forex falls fast on import financing, market feeding

Forex falls fast on import financing, market feeding

SIDDIQUE ISLAM 2022-05-12 08:23:14

Bangladesh's foreign-exchange reserves fell to US$41.95 billion following the feeding of the dollar-hungry money market over the months and a latest large import payment. Official sources say the cen...

US consumer price growth slows sharply in April

US consumer price growth slows sharply in April

-- 2022-05-11 23:16:10

US consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a while and keep the Fede...

Ukraine war slowing global remittances growth: World Bank

Ukraine war slowing global remittances growth: World Bank

-- 2022-05-11 21:42:20

The war in Ukraine will help slow the growth of officially recorded remittance flows to low- and middle-income countries to an estimated 4.2 per cent this year from a strong 8.6 per cent rebound in 20...

Bangladesh may restructure non-essential projects due to Russia-Ukraine war

Bangladesh may restructure non-essential projects due to Russia-Ukraine war

-- 2022-05-11 19:21:43

Finance Minister AHM Mustafa Kamal on Wednesday said the government of Bangladesh may restructure non-essential projects to tackle the impacts of Russia-Ukraine war. According to the minister, the wh...

US wants to expand trade ties with Bangladesh

US wants to expand trade ties with Bangladesh

-- 2022-05-11 19:00:05

US Ambassador to Bangladesh Peter Haas has said Bangladesh and the United States can “go fastest together” in building trade and investment relationships between the two countries. &n...

BSEC to hold roadshow in Qatar to attract FDI

BSEC to hold roadshow in Qatar to attract FDI

-- 2022-05-11 16:50:53

The Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) are going to organise a roadshow in Qatar from May 18 to May 19 to attract more foreign...

Central bank tightens LC rules, doubles margin for non-essential imports  

Central bank tightens LC rules, doubles margin for non-essential imports  

SIDDIQUE ISLAM 2022-05-10 22:49:56

The central bank has tightened the letter of credit (LC) rules, doubling the margin for all imports, save some essentials, to ease import-payment pressure on the economy, according to officials. Unde...

ECNEC approves 11 projects involving Tk 58.25 billion

ECNEC approves 11 projects involving Tk 58.25 billion

-- 2022-05-10 17:04:24

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 11 projects involving Tk 58.25 billion including setting up ‘Sheikh Kamal IT Training Incubation Center (...

Bangladesh’s per capita income surges to $2,824

Bangladesh’s per capita income surges to $2,824

-- 2022-05-10 16:37:23

The country’s per capita income increased by US$ 233 to US$ 2,824 during FY22, as per a provisional estimate by the Bangladesh Bureau of Statistics (BBS). Planning Minister MA Mannan disclosed...

Bangladesh’s GDP growth estimated at 7.25pc in FY22: BBS

Bangladesh’s GDP growth estimated at 7.25pc in FY22: BBS

-- 2022-05-10 15:28:15

Bangladesh’s economy has begun to overcome the hurdles of the COVID-19 pandemic and has, once again, reached 7 per cent GDP growth. “Real GDP growth has hit 7.25 per cent in the ongoing 2...