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The Financial Express

Search results for: economy

Remittance surge by 6.9pc in four months

Remittance surge by 6.9pc in four months

-- 2017-11-14 09:02:05

Remittance in the first four months of current fiscal surpassed last fiscals corresponding period by a decent amount. Finance Minister Abul Mal Abdul Muhith said this to treasury bench lawmaker M Mam...

GDP growth 7.28pc, per capita income $1,610

GDP growth 7.28pc, per capita income $1,610

FE Online Report 2017-11-14 07:49:16

The Bangladesh economy has recorded 7.28 per cent growth in the 2016-17 financial year (FY), a 0.04 percentage points up from the provisional data which was released six months ago. Official data rel...

Italy’s WC flop to cost economy €1b

Italy’s WC flop to cost economy €1b

-- 2017-11-14 07:39:43

Italy national team’s failure to qualify for the for the World Cup for the first time in 60 years is set to cost the economy of the country heavily. Former Comitato Olimpico Nazionale Italiano...

ECNEC clears ‘Sheikh Hasina Cantonment’ project

ECNEC clears ‘Sheikh Hasina Cantonment’ project

-- 2017-11-14 02:44:01

The government has initiated a project to set up ‘Sheikh Hasina Cantonment’ on a 965-acre land at Lebukhali along the Payra River in Barisal involving an estimated cost of Tk 16.99 billion...

China economy cools again

China economy cools again

-- 2017-11-14 02:15:52

China’s economy cooled again in October, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pol...

Raw materials shortage  hits home textile, terry  towel industry

Raw materials shortage hits home textile, terry towel industry

Monira Munni 2017-11-13 12:37:54

  The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will dee...

NCC Bank holds workshop on  online forex transaction

NCC Bank holds workshop on online forex transaction

FE Online Desk 2017-11-13 12:31:13

  NCC Bank Training Institute arranged a day-long workshop on "Online Foreign Exchange Transaction Reporting" for its officers' of Head Office and branches recently. Managing Director & C...

Raw materials shortage hits home textile, terry towel industry

Raw materials shortage hits home textile, terry towel industry

Monira Munni 2017-11-13 12:00:00

The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will deepen if t...

Consumer trust is in short supply in APAC mkts

Consumer trust is in short supply in APAC mkts

FE Online Desk 2017-11-13 12:00:00

The severity of fraud in Asia Pacific is highly evident. One in five people have encountered fraud directly, while one in three people or their loved ones have been affected. The high levels of f...

Tofail seeks more Singaporean investment in EZs

Tofail seeks more Singaporean investment in EZs

-- 2017-11-13 12:00:00

As government allows 100 per cent foreign investments in Bangladesh’s economic zones, keeping that into consideration, Singaporean entrepreneurs are most welcome to invest in the EZs. Commerce...

Banks lack remedial strategy while NPL rises worryingly

Banks lack remedial strategy while NPL rises worryingly

Mehdi Musharraf Bhuiyan 2017-11-12 12:00:00

Some of Bangladesh's banks don't have 'in-depth' look into the problem of spiraling non-performing loans (NPL) while many others try to frame remedial strategies perfunctorily. Such observations came...

Govt seeks US$1.83b under 39th Japanese ODA package

Govt seeks US$1.83b under 39th Japanese ODA package

FHM Humayan Kabir 2017-11-12 12:00:00

The government has sought around US$1.83 billion worth of assistance from Japan for bankrolling six development projects, officials said Saturday. Officials at the Ministry of Finance (MoF) said they...

Maintenance mess leaves  highways in a shambles

Maintenance mess leaves highways in a shambles

FHM Humayan Kabir 2017-11-11 12:00:00

Highways across the country seem to be in a shambles for neglect of maintenance despite a gigantic jump in allocations during five years, officials said. They said there had been substantially increa...

Six million people working in country’s poultry industry

Six million people working in country’s poultry industry

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

The poultry sector of Bangladesh has employed around six million people, of whom 40 per cent are women. These people are employed either directly or indirectly. The investment in the industry is abo...

Gas crisis hurting output  in industrial belt

Gas crisis hurting output in industrial belt

Nashir Uddin 2017-11-10 12:32:25

Factories in the country's Tongi-Gazipur industrial belt have been facing acute gas crisis over the past few months following diversion of gas to 'upstream' power plants. The crisis has deteriorated...

Oxford Cambridge 'investing millions of  pounds offshore', Paradise Papers reveal

Oxford Cambridge 'investing millions of pounds offshore', Paradise Papers reveal

-- 2017-11-10 12:29:26

The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers. Both universities are said to have invested in funds...

Floods affect country’s food production: FAO

Floods affect country’s food production: FAO

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

A sequence of floods has dampened the outlook for Bangladesh, likely translating into a third successive season of little or negative food production growth, mainly rice, says UN agency FAO. Barring...

Switzerland favours improving investment climate in Bangladesh

Switzerland favours improving investment climate in Bangladesh

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

Switzerland Ambassador to Bangladesh Rene Holenstein has laid emphasis on improving investment climate in Bangladesh as he sees economic opportunities here.  In an interview with UNB, Ambassador...

China to expand corporate tax cuts

China to expand corporate tax cuts

-- 2017-11-10 11:39:43

China will expand corporate tax rate cuts for high-tech services firms nationwide, in an effort to boost its overall competitiveness. China’s finance ministry said on Friday that the tax rate f...

Japan manufacturers' mood slips

Japan manufacturers' mood slips

-- 2017-11-10 11:14:03

Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed. But the manufacturing confidence remained strong - underscoring the thir...

RHD projects likely to be costlier soon

RHD projects likely to be costlier soon

Munima Sultana 2017-11-09 12:00:00

Building roads and bridges in the public sector is likely to cost the government more in the future days as a move is underway to revise upward the prices of construction materials, sources said. The...

Four months’ export earnings rise to $11.5b

Four months’ export earnings rise to $11.5b

FE Online Report 2017-11-09 12:00:00

The country's export earnings during the first four months of the fiscal year 2017-18 grew by 7.03 per cent to $11.50 billion. Official data released on Thursday said the earnings were $10.79 billion...

Govt not to give state-owned factory lands

Govt not to give state-owned factory lands

-- 2017-11-09 08:32:14

Industries Minister Amir Hossain Amu has said that the government will not hand over land of state-owned factories to the private sector. "The unused land of the state-owned factories will be used fo...

UK house prices stall; London falls

UK house prices stall; London falls

-- 2017-11-09 03:22:18

House prices in Britain have stalled, the prices are falling in London at their fastest pace since 2009, the Royal Institution of Chartered Surveyors said on Thursday. RICS’s benchmark house pr...

July-Oct ADP spending 'highest-ever'

July-Oct ADP spending 'highest-ever'

FE Report 2017-11-08 12:37:58

The government agencies have spent 14.53 per cent of the Annual Development Programme (ADP) outlay in July-October period of this fiscal, one percentage point up from the rate in the corresponding p...

Shahbazpur gas may remain unutilised for poor demand

Shahbazpur gas may remain unutilised for poor demand

M Azizur Rahman 2017-11-08 12:00:00

The new-found natural gas in a well at Shahbazpur of Bhola gas field might remain unutilised for a long period due to a very limited demand in the island that is not connected to the national gas grid...

SDG implementation needs additional $928b: Study

SDG implementation needs additional $928b: Study

-- 2017-11-08 12:00:00

Bangladesh will require an additional amount of USD 928.48 to fully implement the Sustainable Development Goals (SDGs) in the country, a study reveals.  According to the study, the amount is req...

Agent banking accounts go past 1.0m mark

Agent banking accounts go past 1.0m mark

-- 2017-11-08 12:00:00

Banks in the country are gradually expanding agent banking activities across the country as the number of accounts has already crossed 1.0 millon. According to the Bangladesh Bank (BB) quarterly data...

Bankers, SME entrepreneurs meet in Barisal

Bankers, SME entrepreneurs meet in Barisal

FE Online Desk 2017-11-08 11:33:56

A meeting between bankers and SME entrepreneurs was held at Amrit Lal Dey conference center in Barisal recently. Islami Bank Bangladesh Ltd (IBBL) arranged the event, supervised by Bangladesh Bank, sa...

84 families get Kor Bahadur title

84 families get Kor Bahadur title

-- 2017-11-08 11:04:19

The government has honoured 84 families from 64 districts for paying highest amount of taxes in fiscal 2016-17. The families have got the ‘Kor Bahadur’ title for their contributions to na...