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The Financial Express

Search results for: economy

Fund crunch hits tunnel project

Fund crunch hits tunnel project

Munima Sultana 2017-11-08 09:48:04

More than a year after the Chinese president laid the foundation stone, the construction work of the country's first tunnel under the Karnaphuli river is yet to start as Chinese Exim Bank has not yet...

China trade surplus with US falls in Oct

China trade surplus with US falls in Oct

-- 2017-11-08 02:18:33

China’s trade surplus with the United States fell in October to $26.62 billion from $28.08 billion in September, according to data from China’s customs administration on Wednesday. The su...

Apple 'moved billions' to avoid tax crackdown

Apple 'moved billions' to avoid tax crackdown

BBC 2017-11-07 12:00:00

The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show. They reveal how Apple sidestepped a 2013 crackdow...

Offshore multi-client seismic survey hits snag

Offshore multi-client seismic survey hits snag

-- 2017-11-07 11:01:05

The Law Minister-led investigation committee could not yet submit report although about 15 months have elapsed since its formation to look into whether there was any irregularity in the tender process...

New ‘code of conduct’ for banks, NBFIs

New ‘code of conduct’ for banks, NBFIs

FE Online Report 2017-11-07 10:46:05

The central bank has circulated a ‘Code of Conduct’ for all banks and non-bank financial institutions (NBFIs) of the country with effect from January 1. All banks and financial institutio...

ECNEC okays project to boost farmers’ income

ECNEC okays project to boost farmers’ income

-- 2017-11-07 04:34:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus inc...

Paradise Papers expose secrets of ultra-rich

Paradise Papers expose secrets of ultra-rich

BBC 2017-11-06 12:00:00

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump...

Move to make bond mkt active

Move to make bond mkt active

FE Online Desk 2017-11-06 12:00:00

Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country's bond market active. The decision came at...

163 Bangladeshis take Malaysian second home in H1

163 Bangladeshis take Malaysian second home in H1

FE Online Report 2017-11-06 12:00:00

During the first half of the current calendar year, some 163 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. Statistics released b...

Study shows nightlight intensity’s correlation with GDP level

Study shows nightlight intensity’s correlation with GDP level

FE Online Report 2017-11-06 12:00:00

Economic growth measures the performance of an economy. But to what extent do the available data on commercial activities genuinely represent a nation's performance? Gross Domestic Product (GDP) is...

BB fixes ceiling on mobile banking accounts

BB fixes ceiling on mobile banking accounts

-- 2017-11-06 12:00:00

The central bank has asked the mobile banking customers not to keep more than Tk 300,000 in their accounts with effect from January next year. The Bangladesh Bank fixed the ceiling on Monday with an...

BPC plans fuel oil imports borrowing $700m

BPC plans fuel oil imports borrowing $700m

Rezaul Karim 2017-11-06 10:26:24

Bangladesh Petroleum Corporation (BPC) moves to borrow US$ 700 million from International Islamic Trade Finance Corporation (ITFC) to import fuel oils for the calendar year 2018, officials said. The...

Biman’s move for ground handling partner falters

Biman’s move for ground handling partner falters

'The nat’l carrier earns $30-35m a year from ground handling' 2017-11-06 06:37:34

Biman Bangladesh Airlines' move to have a partner for ground handling activities at the country's airports is yet to see any tangible progress although nearly two years have already elapsed. When ask...

Investment proposals for July-Sept leap 140pc: BIDA

Investment proposals for July-Sept leap 140pc: BIDA

-- 2017-11-06 06:30:38

Investment proposals rose by 140 per cent during July-September period this year, according to the latest data of the Bangladesh Investment Development Authority (BIDA). During that period, BIDA rece...

German industrial orders rise in Sept

German industrial orders rise in Sept

-- 2017-11-06 03:24:32

German industrial orders rose unexpectedly in September, driven by strong demand for machines, cars and other capital goods, data showed on Monday. The data from the Economy Ministry also suggesting...

Italian services growth falls in Oct

Italian services growth falls in Oct

-- 2017-11-06 03:16:06

Growth in Italy’s service sector slowed for a third straight month in October, a survey showed on Monday, a sign a recent flurry in economic activity may be petering out. The Markit/ADACI Busin...

Trump slams 'unfair' Japan trade ties

Trump slams 'unfair' Japan trade ties

-- 2017-11-06 01:53:56

US President Donald Trump has lashed out at Japan over trade and said he would push for a fairer economic relationship between the two countries. Speaking to business leaders in Tokyo on Monday he sa...

Q1 merchandise trade gap marks 133pc rise

Q1 merchandise trade gap marks 133pc rise

FE Online Report 2017-11-05 12:00:00

Country’s merchandise trade gap with the rest of the world surged to $3.65 billion in the first quarter (Q1) of the current fiscal year (FY18). Statistics released by the central bank on Sunday...

China sees prospect in Dhaka-Naypyidaw power sharing

China sees prospect in Dhaka-Naypyidaw power sharing

-- 2017-11-05 12:00:00

China sees a good prospect in electricity sharing by Bangladesh and Myanmar in the future through grid interconnection transmitting clean hydropower from China's Yunnan Province. A senior official of...

Menon eyes pvt sector’s investment in tourism

Menon eyes pvt sector’s investment in tourism

-- 2017-11-05 12:00:00

Civil Aviation and Tourism Minister Rashed Khan Menon Sunday urged the private sector to invest in the tourism sector of the country. Menon told the private sector to consider building resorts and m...

Novozymes awards eight BD textile cos

Novozymes awards eight BD textile cos

FE Online Desk 2017-11-05 10:21:21

  The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement....

Govt to send 100,000 drivers abroad in five yrs

Govt to send 100,000 drivers abroad in five yrs

-- 2017-11-05 06:31:12

The government has taken an initiative to send  nearly 100,000 drivers abroad in the next five years for  their increased demands in different countries across the globe. Expatriates' Welfa...

Visitors throng Dhaka Income Tax Fair

Visitors throng Dhaka Income Tax Fair

FE Report 2017-11-04 12:25:28

The Income Tax Fair 2017 in the capital drew a huge number of visitors on Friday, the third day of the weeklong event, as it was a public holiday. Most of the people visiting the fair on the day we...

World markets themes for the week ahead

World markets themes for the week ahead

Reuters 2017-11-04 12:00:00

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/TRUMP ON TOUR US President Donald Trump embarks on hi...

Non-organic way to boost Hilsha output

Non-organic way to boost Hilsha output

-- 2017-11-04 12:00:00

Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to breed Hilsha in the hatchery using artificial methods.  The methods, which include producing larvae fro...

IMF gives Venezuela six months to improve data

IMF gives Venezuela six months to improve data

-- 2017-11-04 11:56:58

The International Monetary Fund (IMF) has given Venezuela six months to improve the flow of economic data saying it had violated IMF rules on the timely provision of some statistics. The Fund said...

Japan jacks up lending rate to Bangladesh

Japan jacks up lending rate to Bangladesh

FHM Humayan Kabir 2017-11-04 10:06:55

The much-cherished softest lending by Japan is all over as the donor has hiked the interest rate to 1.0 per cent from 0.01 per cent for Bangladesh, officials said. The Asian economic powerhouse has a...

Qatar's hiring of Bangladeshis softens as crisis lingers

Qatar's hiring of Bangladeshis softens as crisis lingers

Arafat Ara 2017-11-04 09:42:52

The outflow of Bangladeshi workers to Qatar has fallen sharply in recent months in the aftermath of unrest exacerbated by sanction on it by Saudi Arabia and allies. Sector-insiders said although the...

Bangladesh to get $457m loan from WB

Bangladesh to get $457m loan from WB

-- 2017-11-04 06:41:14

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

Canada exports, imports drop in Sept

Canada exports, imports drop in Sept

-- 2017-11-04 03:29:29

Canada’s imports and exports dropped for the fourth consecutive month in September, resulting the trade deficit remained at C$3.18 billion ($2.48 billion), according to Statistics Canada data....