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The Financial Express
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Search results for: economy

Inflation rate drops slightly in September

Inflation rate drops slightly in September

FE Online Report 2018-10-09 17:41:24

The point-to-point inflation rate in September dropped to 5.43 per cent compared to that of 5.48 per cent in the previous month, official data showed. Bangladesh Bureau of Statistic (BBS) data, unvei...

ECNEC approves 20 development projects

ECNEC approves 20 development projects

-- 2018-10-09 16:51:46

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 20 development projects involving Tk 325.25 billion. The approval was given at the 146th ECNEC meeting of the curr...

Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam

Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam

FE Online Report 2018-10-09 14:15:36

Bangladesh is one of the least committed countries in the world to reduce the growing income disparity, according to a report released by Oxfam International on Tuesday. The country ranked 148 among...

IMF forecasts 7.1pc growth for BD in 2019

IMF forecasts 7.1pc growth for BD in 2019

-- 2018-10-09 13:57:57

The growth domestic product (GDP) of Bangladesh is expected to grow by 7.1 per cent in 2019, according to the International Monetary Fund (IMF). Economic growth may accelerate 7.0 per cent in 2023, I...

Not yet approached by Pakistan for bailout: IMF

Not yet approached by Pakistan for bailout: IMF

-- 2018-10-09 12:42:33

Pakistan has not yet formally approached the International Monetary Fund for financial assistance, but if bailout talks get underway this week, the goal will be to help Pakistan reach its full potenti...

Venezuela's annual inflation hits 488,865 pc in Sept

Venezuela's annual inflation hits 488,865 pc in Sept

-- 2018-10-09 12:29:25

Venezuelan consumer prices rose 488,865 per cent in the 12 months ending in September as the country’s hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation i...

BB issues revised risk mgt guidelines for banks

BB issues revised risk mgt guidelines for banks

FE Report 2018-10-09 11:49:50

The central bank has issued revised risk management guidelines for banks to ensure a sound risk management culture in the country's banking sector. "The modification of the prudential regulations is...

Asia stocks at 17-month low as China lets yuan slip

Asia stocks at 17-month low as China lets yuan slip

-- 2018-10-09 11:03:39

Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currenci...

IMF cuts global growth forecasts on trade policy tensions

IMF cuts global growth forecasts on trade policy tensions

-- 2018-10-09 10:36:18

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on comm...

Why foreign investors leaving, PMO asks NBR

Why foreign investors leaving, PMO asks NBR

Doulot Akter Mala 2018-10-09 09:46:54

The Prime Minister's Office (PMO) has asked the National Board of Revenue (NBR) to find reasons behind the departure of some large foreign investors. In a recent meeting, the PMO wanted to know wheth...

Exports make robust growth in September

Exports make robust growth in September

FE Online Desk 2018-10-08 20:47:50

The surge in garment exports has pushed the country's single-month earnings to hit a record 54.64 per cent growth in September 2018. The export earnings reached $3.14 billion in September, the third...

Two Americans win Nobel Economics Prize

Two Americans win Nobel Economics Prize

-- 2018-10-08 16:28:34

Two American economists, William Nordhaus and Paul Romer, won the 2018 Nobel Prize in Economic Sciences for integrating climate change and technological innovation into macroeconomic analysis. The Ro...

German industry output falls further

German industry output falls further

Reuters 2018-10-08 13:20:48

German industrial output unexpectedly dipped in August for the third consecutive month, data showed on Monday, and the Economy Ministry said production had suffered a weak summer overall. Data from t...

China moves to boost liquidity amid US trade war

China moves to boost liquidity amid US trade war

-- 2018-10-08 12:38:10

China will cut the amount of cash banks must hold in reserve as part of efforts to support its economy, amid an escalating trade war with the US. The move will see 750bn yuan ($109bn; £83bn) in...

Eighth Five-Year Plan: Govt won't seek donors' help

Eighth Five-Year Plan: Govt won't seek donors' help

Mehdi Musharraf Bhuiyan 2018-10-08 10:31:39

The government has no plan to seek donors' assistance in formulating the upcoming Eighth Five-Year Plan, officials concerned said on Sunday. Development partners have shown their interest in lending...

Muhith sees capital market as a tool to boost investment

Muhith sees capital market as a tool to boost investment

FE Report 2018-10-08 09:42:43

Finance Minister A M A Muhith has expressed the hope that the country's capital market would flourish in near future based on the foundation built over the last 25 years. "I do not say that a strong...

BB sells $45m to banks to steady forex market

BB sells $45m to banks to steady forex market

Siddique Islam 2018-10-08 09:30:50

The central bank of Bangladesh again lent its foreign exchange support last week through selling US dollars to banks aiming to keep the market stable, officials said. The Bangladesh Bank (BB) sold $4...

Govt announces Tk 800m incentives for 700,000 farmers

Govt announces Tk 800m incentives for 700,000 farmers

-- 2018-10-07 16:26:45

The government has announced that it will provide small and subsistence farmers with about Tk 800 million in seeds and fertiliser to incentivise the production of 11 crops. A total of 690,970 farmers...

BD to miss SDG target at present pace of housing

BD to miss SDG target at present pace of housing

FE Report 2018-10-07 11:19:08

The overall housing situation of the country is poor compared to the pace of development with 6.0 million housing shortages, according to experts. They spoke of the government's lack of interest to t...

Transshipment deal with India likely this month

Transshipment deal with India likely this month

Mir Mostafizur Rahaman 2018-10-07 09:40:09

Bangladesh and India are expected to sign this month the much-talked-about transshipment agreement that would allow the latter to use Chittagong and Mongla ports to transport goods to its north-easter...

Myanmar economy to grow 7.4pc in FY 2018-19

Myanmar economy to grow 7.4pc in FY 2018-19

-- 2018-10-06 15:03:00

The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Myanmar's economy is expected to grow 7.4 per cent in this new fiscal year 2018-19 which started on October 1. The AMRO has recent...

$515m WB loan for fisheries, roads, forests

$515m WB loan for fisheries, roads, forests

-- 2018-10-06 14:00:15

The World Bank (WB) has approved $515 million US dollar for three projects in Bangladesh to improve coastal and marine fisheries, forest management, and rural roads. These financings will help rural...

Real estate business expects boom-time

Real estate business expects boom-time

FE Report 2018-10-06 10:16:27

The country's real estate business is expecting a boom-time due to a possible rise in demand fuelled by home loans for public servants at single digit interest rates. Stable political situation and...

US jobless rate likely to fall 18-year low

US jobless rate likely to fall 18-year low

-- 2018-10-05 14:44:57

The jobless rate in United States is expected to fall to an 18-year low of 3.8 per cent as the economy likely created jobs at a brisk clip in September, signaling a further tightening in labour mark...

Japan household spending jumps in Aug

Japan household spending jumps in Aug

-- 2018-10-05 14:18:39

Japan’s household spending jumped in August as bigger bonuses boosted consumption, suggesting that robust domestic demand could help offset the ill effects of escalating trade frictions. The sp...

London aluminium eyes biggest weekly gain

London aluminium eyes biggest weekly gain

-- 2018-10-05 14:04:57

London aluminium held steady on Friday as worries over an alumina shortage stoked expectations of cost inflation, sending prices towards the biggest weekly gain in nearly six months. London Metal Exc...

India proposes six new river routes in transit protocol

India proposes six new river routes in transit protocol

Syful Islam 2018-10-05 13:16:43

The neighbouring India has proposed including six new river routes in the Protocol on Inland Water Transit and Trade (PIWTT) to facilitate Indo-Bangla trade further through waterways, officials said....

Women’s participation in e-GP low: Experts

Women’s participation in e-GP low: Experts

FE Report 2018-10-05 11:59:38

The rate of participation of women entrepreneurs in government purchase is disturbingly low, thus obstructing inclusive growth and women empowerment, experts said. The government procures about Tk 3....

BB sees growth, inflation outlook stable in FY '19

BB sees growth, inflation outlook stable in FY '19

Siddique Islam 2018-10-05 09:44:51

The central bank assumes that political tensions centring on next general election in the country will be insignificant and hence economic growth and inflation are likely to remain stable in the curre...

Turkey's inflation reaches near 25pc

Turkey's inflation reaches near 25pc

-- 2018-10-04 13:26:27

The annual inflation rate of Turkey jumped to almost 25 per cent in September amid a currency turmoil that has fueled an increase in prices, official data has showed. The consumer prices index (CPI)...