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The Financial Express
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Search results for: economy

US trade deficit widens to 7-month high in Sept

US trade deficit widens to 7-month high in Sept

-- 2018-11-03 11:55:31

US trade deficit widened to a seven-month high in September as imports hit a record high and exports bounced back, the US Commerce Department has reported. The goods and services deficit climbed to 5...

Malaysia unveils record 2019 budget

Malaysia unveils record 2019 budget

-- 2018-11-02 19:24:12

Malaysia's new government has unveiled a record budget for 2019 despite battling a huge national debt, with new tax measures and increased dividends from national oil company Petronas intended to plug...

Britain invites suggestions on new £50 note

Britain invites suggestions on new £50 note

-- 2018-11-02 17:36:57

Britain's central bank has invited suggestions from the public within the next six weeks. to feature on the country's next 50 pound banknote. Bank of England Governor Mark Carney said on Friday that&...

Malaysia's new government sets bigger budget, cuts fiscal targets

Malaysia's new government sets bigger budget, cuts fiscal targets

-- 2018-11-02 14:59:39

Malaysia announced an expanded budget for 2019 and forecast a wider fiscal deficit as Prime Minister Mahathir Mohamad’s new administration tussles with shrinking revenue and a large debt left by...

US job growth likely to rebound in October

US job growth likely to rebound in October

-- 2018-11-02 13:16:41

US job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the Federa...

Private credit growth inches lower in Sept

Private credit growth inches lower in Sept

Siddique Islam 2018-11-02 09:56:14

Private sector credit growth fell slightly in September due to lower demand for loans ahead of the national elections, bankers said. Most of the banks are maintaining a 'go-slow' policy for loan disb...

Egypt, IMF reach agreement on $2b loan disbursement

Egypt, IMF reach agreement on $2b loan disbursement

-- 2018-11-01 13:51:39

The International Monetary Fund has reached a staff-level agreement with Egypt to disburse another $2 billion from the country’s $12 billion extended fund facility, it said on Tuesday. The fund...

BB relaxes rules on forex forward buy-sale

BB relaxes rules on forex forward buy-sale

Siddique Islam 2018-11-01 09:36:16

The central bank has relaxed regulations on forward sale and purchase of foreign exchange (forex) to bring dynamism in hedging transactions, officials said. Following the relaxations, non-deliverable...

Bangladesh 176th among 190 nations in ease of doing business

Bangladesh 176th among 190 nations in ease of doing business

FE Online Report 2018-10-31 19:10:34

Bangladesh has moved one notch up in the World Bank’s Ease of Doing Business ranking, released this evening across the world. The country has been ranked 176th among 190 countries in the Doing...

Marginalised char people need comprehensive national policy: Atiur

Marginalised char people need comprehensive national policy: Atiur

-- 2018-10-31 17:05:56

Political parties should include a comprehensive national policy in their election manifestos for socio-economic development of the marginalised char people. Former Bangladesh Bank governor Dr. Atiur...

China's job market maintains stability

China's job market maintains stability

-- 2018-10-31 16:02:00

China's job market remained stable in the first three quarters of this year as the urban unemployment rate continued to drop, with emerging industries as the biggest employer, official data showed....

China suggests resisting trade protectionism for inclusive dev

China suggests resisting trade protectionism for inclusive dev

Mir Mostafizur Rahaman from Hainan, China 2018-10-31 13:49:54

China has urged the world to resist trade protectionism in a bid to ensure inclusive economic development for people across the globe. Narrating the objectives of the Belt and Road Initiative (BRI),...

External debts up by 141pc in two years

External debts up by 141pc in two years

Munima Sultana 2018-10-31 09:37:41

The volume of Bangladesh's external debts surged by 141 per cent to US$ 54.73 billion in two years to June last, says the central bank. The volume of external debts at the end of March 2016 stood at...

BB issues new guidelines for credit risk management

BB issues new guidelines for credit risk management

-- 2018-10-30 21:49:57

Bangladesh Bank has issued a set of guidelines for credit risk management for the country's scheduled banks with an aim to make the system more effective and time-befitting. The Banking Regulations a...

Eurozone growth slumps to weakest in four years

Eurozone growth slumps to weakest in four years

-- 2018-10-30 16:21:02

Official figures show that economic growth across the 19-country eurozone slowed in the third quarter of the year to its slowest level for over four years. Statistics agency Eurostat said the eurozon...

French economy grows less than expected in Q3

French economy grows less than expected in Q3

-- 2018-10-30 16:11:34

French economic growth picked up by less than expected in third quarter despite a rebound in consumer spending, official data showed on Tuesday. The slow growth is putting pressure on the government&...

Sri Lanka's political crisis triggers major economic concerns

Sri Lanka's political crisis triggers major economic concerns

-- 2018-10-30 15:20:01

A decision by Sri Lanka’s president to fire the prime minister has raised doubts among global investors and credit analysts about the near-term economic health of a country already grappling wit...

Japan unemployment rate falls to 2.3pc in Sept

Japan unemployment rate falls to 2.3pc in Sept

-- 2018-10-30 10:12:22

Japan’s jobless rate fell in September, while the availability of jobs improved to the highest level since January 1974, government data showed on Tuesday. The seasonally adjusted unemployment...

India, Japan sign $75 billion currency swap agreement

India, Japan sign $75 billion currency swap agreement

-- 2018-10-29 17:29:08

India and Japan have signed a $75 billion bilateral currency swap agreement. The deal was signed during Prime Minister Narendra Modi’s visit to Tokyo on Monday, India said in a statement, repor...

Experts warn of threats to world economy

Experts warn of threats to world economy

Mir Mostafizur Rahman from Hinan, China 2018-10-29 14:19:51

Rise in fuel prices, high debt level, trade war and low productivity pose serious threats to the world economy, experts warned on Monday. They said Asian countries need to be united to face this unce...

Taiwan’s GDP likely to grow at 2.2 pc in Q3

Taiwan’s GDP likely to grow at 2.2 pc in Q3

-- 2018-10-29 11:27:18

Taiwan’s gross domestic product is likely to grow 2.2 per cent in third quarter, lower than expected, due to softening global demand for exports amid trade tensions between China and the United...

Infrastructure, HR major hurdles to desired growth

Infrastructure, HR major hurdles to desired growth

FE Report 2018-10-29 11:09:11

Inadequate infrastructure, energy insecurity and traffic mismanagement have been identified as some of the major hurdles to achieving desired investment and economic growth in the country. Business...

Look beyond banks to finance infrastructure

Look beyond banks to finance infrastructure

FE Report 2018-10-29 10:56:53

Bangladesh needs to develop alternative sources of financing including bonds to meet its future infrastructure investment needs, experts said on Sunday. At the same time, the private sector needs to...

Transport strike disrupts economic activities, communications

Transport strike disrupts economic activities, communications

FE Report 2018-10-29 10:09:47

Transport strike disrupted communications across the country on Sunday, taking a heavy toll on trade and economic activity. According to business circles, overall commodity supply chain, export-impor...

Muhith rules out economic fallout

Muhith rules out economic fallout

FE Report 2018-10-29 09:58:18

Finance minister AMA Muhith said on Sunday it is a myth the government cannot do business in all areas. "There are many areas where only the government needs to do business. And the government can at...

BB set to place three new bank bids before its board

BB set to place three new bank bids before its board

Siddique Islam 2018-10-29 09:49:34

The central bank is set to place the proposals for approving three more banks before its board of directors' meeting today (Monday) ahead of the upcoming national election. "The preparations have bee...

China's industrial profits up 14.7pc in first nine months

China's industrial profits up 14.7pc in first nine months

-- 2018-10-27 13:45:35

Profits of China's major industrial firms grew 14.7 per cent year on year in the first nine months of 2018, down from the 16.2-per cent expansion for the January-August period, official data showed Sa...

Govt may double allowance for Extra Deptt staff

Govt may double allowance for Extra Deptt staff

Rezaul Karim 2018-10-27 10:24:02

The government is considering increasing the monthly allowance for the employees of 'Extra Department' under Postal Department by around 50 per cent, a finance ministry official said. The finance min...

Savers face dearth of govt savings tools

Savers face dearth of govt savings tools

Arafat Ara 2018-10-27 09:55:05

Supply shortage of different types of state-run savings certificates in many post offices and bank branches has been causing problems for many savers willing to invest funds in these instruments, insi...

Reforming direct taxation remains missing agenda

Reforming direct taxation remains missing agenda

Doulot Akter Mala 2018-10-27 09:47:50

The National Board of Revenue (NBR) has launched reforms since the 1990s, but it has ignored direct tax, undermining the effort to ensure progressive taxation. Progressive taxation requires the top-e...