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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Mexico's industrial activity grows 1pc in Sept

Mexico's industrial activity grows 1pc in Sept

-- 2018-11-10 12:43:18

Mexico's industrial activity grew 1.0 per cent in September compared to August, its largest increase in nine months, the National Institute of Statistics and Geography (Inegi) has said. The growth...

Govt plans reforms in NBR to boost revenue collection

Govt plans reforms in NBR to boost revenue collection

-- 2018-11-10 10:49:51

The government has taken an initiative to bring infrastructural reforms in the Internal Resources Division (IRD) and create new units at the National Board of Revenue (NBR) to boost revenue collection...

Dhaka to seek $4.0b more under IDA-18 package

Dhaka to seek $4.0b more under IDA-18 package

FHM Humayan Kabir 2018-11-10 10:02:21

Bangladesh will seek US$4.0 billion more funds from the World Bank (WB) the global lender's replenishment meeting next week in Zambia, officials have said. Besides, it will request the Washington-ba...

July-Oct remittance up by 12.17pc

July-Oct remittance up by 12.17pc

-- 2018-11-09 16:54:26

Expatriate Bangladeshis sent US$5,108 million remittances during the first four months of the current fiscal 2018-19 (FY19), which is 12.17 per cent higher than that of the previous fiscal, a Banglade...

Myanmar eases restrictions on foreign bank lending

Myanmar eases restrictions on foreign bank lending

Reuters 2018-11-09 15:33:57

Myanmar’s central bank has announced new rules allowing foreign banks to lend to local businesses, bringing further reforms to the country’s stunted banking sector. In a letter signed by...

Experts, planners air concern over unplanned urbanisation

Experts, planners air concern over unplanned urbanisation

FE Report 2018-11-09 15:02:55

Urban experts and planners at a seminar in the city have expressed concern over the trend of unplanned urbanisation and blamed personal interests, non-implementation of the plans that remain only in p...

Govt borrowing from savings tools rises in Q1

Govt borrowing from savings tools rises in Q1

FE Report 2018-11-09 11:38:22

The government's net borrowing from state-owned savings instruments increased by more than 5.0 per cent in the first quarter (Q1) of the ongoing fiscal year compared to that of the previous fiscal, of...

Fed holds interest rates steady

Fed holds interest rates steady

-- 2018-11-09 11:30:29

The US Federal Reserve on Thursday left key interest rates unchanged, in line with market expectations, keeping the central bank on track to have one more rate hike in December. The Fed decided to...

Collectors' behaviour keeps people from paying taxes

Collectors' behaviour keeps people from paying taxes

FE Report 2018-11-09 09:57:34

Speakers at a dialogue on Thursday underscored the need for mobilising increased domestic resources and proper utilisation of foreign aid for development financing. They said though Bangladesh attain...

Australia launches $1.5b infrastructure fund for Pacific

Australia launches $1.5b infrastructure fund for Pacific

-- 2018-11-08 13:28:28

Australia will offer Pacific countries up to 3.0 billion Australian dollar (USD 2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday. Austra...

BIMSTEC to push for free trade

BIMSTEC to push for free trade

FE Report 2018-11-08 12:17:26

Free trade issue and cooperation on customs matters will figure prominently in a two-day meeting of the BIMSTEC trade negotiating committee beginning in Dhaka on November 18, officials said. Other is...

NBR exempts BSC from VAT on buying six Chinese ships

NBR exempts BSC from VAT on buying six Chinese ships

Doulot Akter Mala 2018-11-08 11:36:27

The National Board of Revenue (NBR) has exempted the Bangladesh Shipping Corporation (BSC) from paying Value Added Tax (VAT) on account of its purchase of six new ocean-going ships. Otherwise, the co...

Remittance inflow marks rise in Oct

Remittance inflow marks rise in Oct

-- 2018-11-07 20:42:08

The country's remittance inflow marked a rise in October after its decline in September this year. As per the statistics provided by the Bangladesh Bank, the country received $1.239 billion in remitt...

Gulf countries need to raise $300b by 2021: S&P

Gulf countries need to raise $300b by 2021: S&P

-- 2018-11-07 16:05:31

The GCC countries will need to raise about $300 billion(228.71 billion pounds) between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P....

$200m ADB loan for rural road network development

$200m ADB loan for rural road network development

FE Report 2018-11-07 14:06:42

The Asian Development Bank (ADB) will provide more than $200 million as credit to help improve rural road network for 51.5 million people in Bangladesh. The ADB Board of Directors gave approval to...

Remittance inflow rises by 12pc in first four months of FY'19

Remittance inflow rises by 12pc in first four months of FY'19

FE Report 2018-11-07 10:01:40

The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recen...

July-Oct export earnings stand at $13.65b

July-Oct export earnings stand at $13.65b

FE Online Report 2018-11-06 21:32:02

Export earnings from the country’s merchandise shipment during the first four months of current fiscal year (FY19) stood at $13.65 billion marking, an 18.65 per cent growth over the correspondin...

Euro zone business growth hits record low in Oct

Euro zone business growth hits record low in Oct

-- 2018-11-06 16:01:48

Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on T...

CBUAE expects 4.2pc GDP growth in 2019

CBUAE expects 4.2pc GDP growth in 2019

-- 2018-11-06 15:15:50

The Central Bank of the United Arab Emirates (CBUAE) expects gross domestic product (GDP) to grow by 4.2 per cent in 2019, up from a stronger-than-expected 2.8 per cent growth this year, its governor...

Britain hopes to reach Brexit financial services deal soon

Britain hopes to reach Brexit financial services deal soon

-- 2018-11-05 16:45:45

Britain hopes to reach a deal with the European Union soon on its post-Brexit financial services trade with the bloc Financial services minister of the United Kingdom John Glen came up with the state...

Turkey’s inflation surges to 25.24pc in October

Turkey’s inflation surges to 25.24pc in October

-- 2018-11-05 16:17:35

Turkey's annual inflation jumped to 25.24 per cent in October, mainly driven by growing prices in clothing and footwear, according to data released on Monday. On a monthly basis, the costs of cloth...

Indonesia GDP grows 5.17pc in third quarter

Indonesia GDP grows 5.17pc in third quarter

-- 2018-11-05 15:55:48

Indonesia gross domestic product (GDP) grew at a 5.17 per cent annual rate in the third quarter, lower than 5.27 per cent in the previous quarter, BPS official said on Monday. The official said the g...

Economic inequality on rise despite growth

Economic inequality on rise despite growth

FE Report 2018-11-05 11:10:57

Bangladesh economy has become more 'unequal' during the recent decade, particularly between 2010 and 2016, despite the country's ongoing growth, opined economist Dr Debapriya Bhattacharya. Asset in...

Govt mulls inclusive social safety net

Govt mulls inclusive social safety net

FE Report 2018-11-05 09:57:24

The government launched an action plan for the National Social Security Strategy (NSSS) on Sunday with models of South Africa, Lesotho and Nepal. The NSSS aims to build an inclusive social security s...

US economy looks strong  heading into mid-term polls

US economy looks strong heading into mid-term polls

-- 2018-11-04 22:18:44

For a US economic expansion now in its 10th year, hiring remains robust, growth has picked up and the outlook is a mostly bright one on the eve of congressional elections, reports AP. On Friday, the...

Over 5.8m workers went abroad with jobs in last nine years

Over 5.8m workers went abroad with jobs in last nine years

-- 2018-11-04 21:47:52

Manpower exports witnessed a record rise over the last nine years as the country sent more than 5.8 million workers abroad between 2009 and October 2018. During the period the country received over $...

ECNEC approves 39 projects involving Tk 866.87 billion

ECNEC approves 39 projects involving Tk 866.87 billion

-- 2018-11-04 21:09:17

The Executive Committee of the National Economic Council (ECNEC) on Sunday approved 39 projects involving an overall cost of Tk 866.87 billion. The approval came from the ECNEC meeting held at NEC co...

Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective Nov 5

Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective Nov 5

FE Online Desk 2018-11-04 13:17:34

ActionAid Bangladesh (AAB) and Dhaka University Debating Society (DUDS) will hold a Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective on November 5 at TSC Auditorium of Dhaka Univers...

ECNEC likely to endorse 25 projects tomorrow

ECNEC likely to endorse 25 projects tomorrow

FE Report 2018-11-03 14:04:41

The government is likely to approve nearly 25 development projects on 'political consideration' tomorrow (Sunday). Of these, some nine projects of one public agency will be tabled for endorsement, off...

US job growth soars; annual wage gain largest since 2009

US job growth soars; annual wage gain largest since 2009

-- 2018-11-03 12:51:55

PER CENT job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the Federal Reserve to r...