Loading...
The Financial Express

Search results for: economy

Tax collection in fairs rises 11.35pc

Tax collection in fairs rises 11.35pc

FE Online Report 2018-11-19 22:10:14

The week-long income tax-fairs, which concluded on Monday, collected Tk 24.68 billion in taxes. The collection from this year’s taxes is 11.35 per cent more than that of the previous year&rsquo...

Japan's trade deficit widens; exports up

Japan's trade deficit widens; exports up

-- 2018-11-19 12:52:46

Japan's trade deficit grew to its largest since July 2015 in October as a gain in exports was outpaced by a nearly 20 per cent jump in imports. The Ministry of Finance said Monday that exports grew a...

Tax fairs pick up further momentum

Tax fairs pick up further momentum

FE Report 2018-11-19 09:46:12

Income tax fairs gained further momentum on Sunday in eight divisional headquarters including the capital city. On the sixth day of the week-long tax fairs, there was mad rush of visitors and taxpaye...

Polls prod govt to borrow more from banks

Polls prod govt to borrow more from banks

Siddique Islam 2018-11-19 09:30:42

The government is set to boost its bank borrowing significantly in November mainly due to the upcoming general elections, officials have said. The net borrowing from the banking system is on track to...

BD youth jobless rate rises by 6.4 percentage points: ILO

BD youth jobless rate rises by 6.4 percentage points: ILO

FE Report 2018-11-18 09:52:28

The rate of youth unemployment in Bangladesh remained one of 'the most worsening' situation among the countries in the Asia-Pacific region. The country's overall unemployment rate rose by 1.0 percent...

China top FDI source in FY '18

China top FDI source in FY '18

Asjadul Kibria 2018-11-18 09:43:59

China became the top source of foreign direct investment (FDI) for Bangladesh last fiscal year (FY), the central bank said. The net inflow of FDI from the world's second-largest economy reached US$ 5...

Pumpkin farming changes lot of 25,000 char families

Pumpkin farming changes lot of 25,000 char families

-- 2018-11-17 16:28:18

Some 25,000 char families, mostly victims of river erosion and landless, changed fortune through farming pumpkin on sandbars in Rangpur agriculture region over the last nine years. Earlier, these hav...

California unemployment rate holds at record low

California unemployment rate holds at record low

-- 2018-11-17 14:40:16

California's unemployment rate held at the record low of 4.1 per cent in October as employers added 36,400 nonfarm payroll jobs, the state Employment Development Department said Friday. The rate fi...

Middle-income status hinges on higher investment: MCCI

Middle-income status hinges on higher investment: MCCI

FE Report 2018-11-17 10:19:45

Bangladesh needs to catalyse more foreign and domestic investments if the country wants to attain the middle income status by 2021, a leading chamber has said. "There is no alternative to raising the...

India house prices to rise 2pc in 2019: Reuters poll

India house prices to rise 2pc in 2019: Reuters poll

-- 2018-11-16 12:11:21

India house prices will rise 2.0 per cent in 2019, at half the rate of consumer price inflation, hit by dwindling credit supply, according to a Reuters poll of housing market experts. House prices ha...

US imports, exports prices rise in Oct

US imports, exports prices rise in Oct

-- 2018-11-16 11:30:24

US import and export prices both increased in October, the US Bureau of Labor Statistics reported Thursday. Prices for US imports increased 0.5 per cent in October after advancing 0.2 per cent in S...

NBR bags Tk 2.44b on third day of income tax fair

NBR bags Tk 2.44b on third day of income tax fair

FE Report 2018-11-16 10:06:06

Submission of income tax returns in the tax-fair across the country grew by 87 per cent on Thursday, the third day of the event, compared to that of the corresponding day last year. National Board of...

IMF expects Qatar economy to grow 2.4pc in 2018

IMF expects Qatar economy to grow 2.4pc in 2018

-- 2018-11-15 11:54:03

Qatar’s GDP growth is projected to rise to 2.4 per cent in 2018 from 1.6 per cent in 2017 on the back of higher energy prices, the International Monetary Fund said on Wednesday. The country h...

Fairs fetch over Tk 5.5b in income tax on 2nd day

Fairs fetch over Tk 5.5b in income tax on 2nd day

FE Report 2018-11-15 10:02:35

National Board of Revenue (NBR) received Tk 5.51 billion income tax on Wednesday, the second day of tax fairs that kicked off Tuesday. Tax fairs took place in a total of 62 areas across the country o...

Accelerated investment prerequisite for higher growth: ICCB

Accelerated investment prerequisite for higher growth: ICCB

FE Online Desk 2018-11-14 17:58:46

Bangladesh will emerge as the biggest driving force in the global Gross Domestic Product (GDP) in 2030 as predicted by HSBC Global Report “The World in 2030”. The country is going to beco...

US budget deficit expands to $100b in Oct

US budget deficit expands to $100b in Oct

-- 2018-11-14 12:42:18

The US federal government recorded a budget deficit of 100.5 billion US dollars in October, the first month of the government's fiscal year 2019, the Treasury Department said Tuesday. That's a 59 per...

WB budgetary support: BD likely to get $250m this fiscal

WB budgetary support: BD likely to get $250m this fiscal

FHM Humayan Kabir 2018-11-14 12:39:54

The government has recently completed negotiations with the World Bank (WB) over US$750 million budgetary support credit to narrow its fiscal deficit, officials said on Monday. Within this fiscal yea...

Muhith wants taxpayers’ number to reach 40m

Muhith wants taxpayers’ number to reach 40m

FE Report 2018-11-14 12:39:07

Income tax fair has begun in all divisional headquarters, four districts and seven upazilas. Finance Minister AMA Muhith inaugurated the weeklong tax fair Tuesday at city's Officers' Club premises on...

Experts sceptical of attaining SDGs by 2030

Experts sceptical of attaining SDGs by 2030

FE Report 2018-11-11 09:50:03

Experts at a seminar on Saturday expressed scepticism about achieving the sustainable development goals (SDGs) by the country within the stipulated timeframe. They listed a number of factors that mig...

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...