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The Financial Express

Search results for: economy

Complexity over commission payment delays Japanese ODA loan release

Complexity over commission payment delays Japanese ODA loan release

Rezaul Karim 2017-10-21 09:57:48

Release of nearly US$ 1.64 billion worth of pledged Japanese ODA loans for Bangladesh's six projects is being delayed due to complexity arisen over the payment of bank commission, officials said. "A...

NBR exempts physical inspection of export goods until June next

NBR exempts physical inspection of export goods until June next

Doulot Akter Mala 2017-10-20 11:42:43

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...

16th amendment verdict: Committee formed to file review

16th amendment verdict: Committee formed to file review

-- 2017-10-20 09:11:52

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

China posts solid economic growth in Q3

-- 2017-10-20 02:25:37

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...

India’s tightened consumer goods standards could hurt China imports

India’s tightened consumer goods standards could hurt China imports

Reuters 2017-10-19 12:00:00

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...

Govt hints at reconsidering spectrum conversion fee

Govt hints at reconsidering spectrum conversion fee

-- 2017-10-19 12:00:00

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...

Alliance to leave after May, Accord gets six months more

Alliance to leave after May, Accord gets six months more

-- 2017-10-19 12:00:00

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...

5.0m mts petroleum import likely next year

5.0m mts petroleum import likely next year

-- 2017-10-19 11:40:13

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...

China’s economy grow 6.8pc in Q3

China’s economy grow 6.8pc in Q3

-- 2017-10-19 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...

Govt to provide broadband to every union next year: Joy

Govt to provide broadband to every union next year: Joy

-- 2017-10-19 09:53:54

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...

Oil slips but holds most recent  gains on expected OPEC cuts

Oil slips but holds most recent gains on expected OPEC cuts

-- 2017-10-19 09:16:36

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...

Thrust on planned housing in rural areas

Thrust on planned housing in rural areas

-- 2017-10-19 08:32:51

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...

Move to reverse remittance fall

Move to reverse remittance fall

Siddique Islam 2017-10-18 12:00:00

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...

Inflation hits two-year-high at 6.12pc

Inflation hits two-year-high at 6.12pc

FE Report 2017-10-18 12:00:00

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...

Jamuna Bank, Silkways Card ink deal

Jamuna Bank, Silkways Card ink deal

FE Online Desk 2017-10-18 12:00:00

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...

Mastercard holds global risk leadership confce

Mastercard holds global risk leadership confce

FE Online Desk 2017-10-18 12:00:00

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...

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

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

-- 2017-10-18 12:00:00

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...

Online tax return filing yet to gather pace

Online tax return filing yet to gather pace

Doulot Akter Mala 2017-10-18 10:37:43

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...

Income inequality widens further

Income inequality widens further

FE Report 2017-10-18 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...

China will deepen economic reforms: Xi

China will deepen economic reforms: Xi

Reuters 2017-10-18 02:24:46

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....

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

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

-- 2017-10-18 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...

Thrust on greater support for fisheries sector in BD

Thrust on greater support for fisheries sector in BD

FE Online Desk 2017-10-17 12:00:00

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...

BB reinforces forex support to banks

BB reinforces forex support to banks

Siddique Islam 2017-10-17 12:00:00

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...

Inflation rises in September

Inflation rises in September

-- 2017-10-17 12:00:00

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...

Policy unpredictability: Economy, investment decisions suffer most

Policy unpredictability: Economy, investment decisions suffer most

-- 2017-10-17 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...

Corporate tax posts 20.55pc growth in Q1

Corporate tax posts 20.55pc growth in Q1

Doulot Akter Mala 2017-10-17 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...

'Poverty rate in Bangladesh drops to 24.3pc'

'Poverty rate in Bangladesh drops to 24.3pc'

-- 2017-10-17 08:24:25

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

UK inflation hits highest since April 2012

-- 2017-10-17 07:42:32

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...

Singapore Sept exports post surprise decline

Singapore Sept exports post surprise decline

Reuters 2017-10-17 01:48:46

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...

Move to mobilise $190b to fund mega transport projects

Move to mobilise $190b to fund mega transport projects

Munima Sultana 2017-10-16 12:00:00

A massive fundraising campaign got underway for mobilising over US $190 billion to elegantly improve Dhaka's transport network with metro rails, expressways and bus-franchise services. Dhaka Transpor...