Search results for: economy

Current account deficit drops in H1

FE Online Report February 02, 2019 17:53:56

Current account deficit dropped significantly in the first half (H1) of the current fiscal year (FY19), according to the latest statistics of the central bank. It showed that current account deficit...

Oracle study examines how data and analytics can bring finance and HR teams together

FE Online Desk February 02, 2019 14:06:51

A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle.  The study of 1,510 HR,...

US economy adds 0.3m jobs in January

-- February 02, 2019 13:44:41

The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth f...

BB projects lower trade deficit in FY19

FE Online Report February 02, 2019 13:08:37

Bangladesh Bank has projected that deficit on merchandise trade in the country would drop moderately in the current fiscal year (FY19). In its outlook on Balance of Payments (BoP), the central bank h...

US Fed to assist BD in cyber-heist lawsuit

-- February 02, 2019 10:07:20

The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists, even while the Philippine bank targeted by the l...

Launch of saving certificates online database tomorrow

FE Report February 02, 2019 09:29:57

Saving certificates online database named 'national saving certificates online management system' will be launched tomorrow (Sunday). The move has been taken to see whether savings schemes are abused...

Pakistan introduces expatriates' bond to handle payments crisis

-- February 01, 2019 17:33:20

Cash-strapped Pakistan on Thursday launched a bond scheme for its citizens living overseas, aimed at generating funds in foreign currencies to help bridge a balance of payment crisis. The Build Pakis...

Heist: Philippine bank calls BB lawsuit ‘political stunt’

-- February 01, 2019 15:22:57

The Philippine bank being sued for conspiracy to steal Bangladesh Bank reserve has labelled the lawsuit as a “political stunt”. Quinn Emanuel, a US law firm, has been hired to defend the...

Japan's jobless rate falls in December

-- February 01, 2019 14:44:01

Japan’s jobless rate fell in December and the availability of jobs held steady, Reuters reported on Friday citing government data. The seasonally adjusted unemployment rate fell to 2.4 per cent...

Indian jobless rate hits 45-year high

-- February 01, 2019 13:00:35

Indian unemployment rate rose to its highest level in at least 45 years in 2017/18, an official survey that has been withheld by the government shows. The Business Standard newspaper reported the jo...

BB to focus on credit flow to priority sectors

Siddique Islam February 01, 2019 10:32:03

The Bangladesh Bank (BB) will continue its intensive supervision in ensuring credit flow to the priority sectors to help create more and better jobs along with protecting the environment. "….B...

BD sues Philippine bank over cyberheist

-- February 01, 2019 09:37:22

Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole $81 million from its account at the Federal Reserve Bank of New York nea...

Recession hits Italy

-- January 31, 2019 18:40:33

Italy's economy tipped into recession at the end of last year, according to latest figures. In the final three months of 2018, the economy shrank by 0.2 per cent, following a 0.1 per cent decline in...

Saudi economy grows 2.21 per cent in 2018

-- January 31, 2019 15:02:35

Saudi Arabia’s economy grew at a pace of 2.21 per cent in 2018, buoyed by strong oil sector growth, government data showed on Thursday, recovering from a contraction in 2017 when the economy was...

US Fed holds rates steady, signals pause

-- January 31, 2019 11:38:13

The US Federal Reserve on Wednesday left interest rates unchanged as expected and pledged to be patient about future rate hikes. In support of the goals to foster maximum employment and price stabili...

BB holds on to cautious monetary policy stance

Siddique Islam January 31, 2019 10:17:48

The monetary policy statement (MPS), announced Wednesday by the country's central bank for the second half (H2) of the current financial year, maintained a 'cautious' monetary policy stance with sligh...

BB unveils monetary policy for January-June period

FE Report January 30, 2019 17:15:19

The central bank unveiled its second half-yearly (H2) monetary policy statement (MPS) on Wednesday keeping key policy rates unchanged. Bangladesh Bank (BB) Governor Fazle Kabir at a press conference...

Reserve heist: BB to file case against Philippines bank today

-- January 30, 2019 13:51:14

The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve. The suit...

Japan retail sales climb 1.3pc in Dec

-- January 30, 2019 12:55:46

Japan’s retail sales rose more than expected in December as consumers increased spending on clothes and home appliances. The 1.3 per cent rise in retail sales in December from a year earlier wa...

‘Govt should turn most SoBs into deposit banks’

FE Report January 30, 2019 09:26:56

The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has sa...

BB to unveil monetary policy for H2 Wednesday

-- January 29, 2019 20:38:19

Bangladesh Bank (BB) is set to announce its monetary policy for the second half of the 2018-19 fiscal year on Wednesday. The central bank Governor Fazle Kabir will present the monetary policy stateme...

BB likely to file case with NY court over reserve heist Thursday

-- January 29, 2019 18:47:14

Bangladesh Bank (BB) is likely to file a lawsuit with a New York (NY) court on January 30 (January 31 in Bangladesh) to recover the money heisted by hackers from the central bank’s account with...

ECNEC approves nine projects worth Tk 164.33b

-- January 29, 2019 15:33:22

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects involving an estimated cost of Tk 164.33 billion. Among the nine projects, it approved a Tk 86.90 billion p...

Infrastructure construction to increase in BD despite increased costs: AIIB

FE Online Desk January 29, 2019 14:10:33

Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projecte...

Core inflation up 1.0pc in 2018

Siddique Islam January 29, 2019 10:51:39

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said. The core inflation expanded to 4....

$5.9b flows out from BD in 2015: GFI    

Asjadul Kibria January 28, 2019 22:59:01

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise ex...

Taiwan's economy to slow in Q4: Reuters poll

-- January 28, 2019 14:03:47

Taiwan’s economic growth probably slowed in the fourth quarter (Q4) as the island’s technology exports were hit by softening global demand and fallout from the US-China trade war. The med...

China's industrial profits shrink again in Dec

-- January 28, 2019 13:58:38

China's industrial profits shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted US-...

Thailand welcomes record number of tourists in 2018

-- January 28, 2019 13:35:37

Thailand saw a record 38.27 million tourists in 2018, up 7.5 per  cent from the previous year, the Tourism Ministry said on Monday. The ministry expects the number of tourists visiting the count...

Major central banks may face one of their biggest challenges yet

Reuters January 28, 2019 12:25:39

Central banks may be about to face one of their biggest challenges yet: Global economic growth is slowing, but they have struggled to build up their policy arsenals since the last crisis to effectivel...