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The Financial Express
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Search results for: economy

Japan industrial output rises 0.7pc in Aug

Japan industrial output rises 0.7pc in Aug

-- 2018-09-28 15:14:52

The industrial production in Japan increased in August from the previous month, marking the first rise in four months, the Ministry of Economy, Trade and Industry (METI) said in a report on Friday. T...

Ten cos to get 400 acres of land in EZs

Ten cos to get 400 acres of land in EZs

-- 2018-09-28 10:47:20

Prime Minister's Office (PMO) has permitted Bangladesh Economic Zones Authority (BEZA) to allocate 400 acres of land to 10 investors. The investors will invest a total of around US$ 1,981 million to...

ADB approves loan of $500m to upgrade primary education

ADB approves loan of $500m to upgrade primary education

FE Online Report 2018-09-27 19:15:36

The Asian Development Bank (ADB) has decided to give a loan of $500 million to upgrade the primary education sector of Bangladesh.   The approval came on Thursday at the Manila-based lending age...

Fed raises US interest rates, sees at least three more years of growth

Fed raises US interest rates, sees at least three more years of growth

-- 2018-09-27 14:05:58

The US Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of gro...

IMF boosts bailout for crisis-hit Argentina

IMF boosts bailout for crisis-hit Argentina

-- 2018-09-27 10:54:25

The International Monetary Fund has agreed to provide a bigger, faster bailout to Argentina than initially planned in an effort to restore market confidence in the country. The IMF plans to boost its...

Govt targets 36.4m MT rice production in FY19

Govt targets 36.4m MT rice production in FY19

-- 2018-09-26 19:49:30

The government has set a target of producing at 36.4 million metric tonnes of rice (MT) in the current fiscal with an emphasis on high yielding variety. Officials said the Department of Agricultural...

Dhaka, Delhi agree on CEPA deal

Dhaka, Delhi agree on CEPA deal

-- 2018-09-26 15:06:45

Dhaka and New Delhi have agreed to forge the comprehensive economic partnership agreement (CEPA) to boost trade ties between the two neighbouring countries. Commerce Minister Tofail Ahmed and his Ind...

Trade war dims Asia's 2019 growth outlook: ADB

Trade war dims Asia's 2019 growth outlook: ADB

-- 2018-09-26 14:39:54

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the ADB said on Wednesday. Tightenin...

ADB projects 7.5pc growth for FY19

ADB projects 7.5pc growth for FY19

-- 2018-09-26 13:31:56

The Asian Development Bank (ADB) has projected 7.5 per cent economic growth for Bangladesh for the current fiscal year, slightly below than the government’s estimate of 7.8 per cent. The growth...

Banks to offer single-digit rate soon: Muhith

Banks to offer single-digit rate soon: Muhith

FE Report 2018-09-26 10:45:03

Finance Minister A M A Muhith has expressed the hope that the private commercial banks (PCBs) will bring down their lending rate to single digit shortly. "I expect the banks will bring it down. So...

Private foreign borrowing now costlier than before

Private foreign borrowing now costlier than before

Jubair Hasan 2018-09-26 09:36:08

Amid impending risks, foreign borrowing by the country's private sector keeps rising, which in turn increases the external debt gradually. Bankers, beneficiaries and financial market analysts said th...

Australian cash deficit reaches $10.1b

Australian cash deficit reaches $10.1b

-- 2018-09-25 15:20:42

Australia's cash deficit has reached 10.1 billion Australian dollars or 0.6 per cent of GDP, the lowest level in a decade, the government announced on Tuesday. The Final Budget Outcome for the 2017-1...

Experts warn on crony capitalism gripping country

Experts warn on crony capitalism gripping country

FE Report 2018-09-25 09:57:58

Bangladesh is going through a 'crony capitalism' phase due to the growing nexus between certain political class and business class, experts said at a workshop in the capital on Monday. Such 'monopoli...

US wants to invest in telecom sector

US wants to invest in telecom sector

-- 2018-09-24 19:47:49

The United States has expressed its interest to investment in telecommunication sector of Bangladesh. US envoy in Dhaka Marcia Bernicat conveyed the interest of her country during a meeting with Post...

Waning grant flow impacting budget financing

Waning grant flow impacting budget financing

Jasim Uddin Haroon 2018-09-24 09:31:37

The availability of foreign grant has been declining over the past few years, putting the government's budget financing under pressure. Development partners now view that Bangladesh's gross national...

‘Bangladesh economy performing well’

‘Bangladesh economy performing well’

-- 2018-09-23 16:31:37

Expecting another decade of vibrant economic activities, Finance Minister AMA Muhith today (Sunday) said Bangladesh’s economy has been performing well for the last 10 years. “We have mana...

Resource mobilisation biggest challenge to SDGs: Report

Resource mobilisation biggest challenge to SDGs: Report

Mehdi Musharraf Bhuiyan 2018-09-23 09:51:45

Resource mobilisation remains the "biggest challenge" for the implementation of the UN's Sustainable Development Goals in Bangladesh, a forthcoming government report has cautioned. Traditional source...

China's civil aviation sector grows steadily in Jan-July

China's civil aviation sector grows steadily in Jan-July

-- 2018-09-22 14:19:15

The civil aviation sector in China expanded at a steady rate in the first seven months of the current year, according to the Civil Aviation Administration of China. Total air transport turnover reach...

Netherlands to help BD export jute products

Netherlands to help BD export jute products

-- 2018-09-22 13:45:36

The Netherlands has assured support for exporting diversified jute products from Bangladesh to the European Union (EU) market. This was conveyed to Bangladesh Ambassador to the Netherlands Sheikh Moh...

WB to help India get richer

WB to help India get richer

-- 2018-09-22 13:29:31

The World Bank (WB) has endorsed an ambitious five-year framework for India with $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country. The...

HK's losses from Typhoon Mangkhut to be bigger than Typhoon Hato

HK's losses from Typhoon Mangkhut to be bigger than Typhoon Hato

-- 2018-09-21 20:33:25

HONG KONG: The overall economic impact of Typhoon Mangkhut, the most intense storm to hit Hong Kong since records began, is expected to be "significantly" higher than that caused by Typhoon Hato last...

Govt to modernize three jute mills

Govt to modernize three jute mills

-- 2018-09-21 18:52:18

 The government has taken a project for modernization and expansion of three Jute mills under the Bangladesh Jute Mills Corporation (BJMC) at a cost of Tk 1.74 billion to retain the lost glory of...

Copper hits six-week high

Copper hits six-week high

-- 2018-09-21 18:27:25

Copper prices on Friday were on track for their biggest weekly rise since early June as investors calculated that a trade dispute between the United States and China could cause less damage than feare...

Access to China post ends Nepal’s dependence on India

Access to China post ends Nepal’s dependence on India

-- 2018-09-21 17:51:37

KATHMANDU, Sept 21: China has granted Nepal access to its land and seaports, top officials of the two countries announced earlier this month, ending the landlocked Himalayan nation's dependence on Ind...

KSA to join China-Pakistan project

KSA to join China-Pakistan project

-- 2018-09-21 16:24:10

Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Pakistan Pr...

India gets $25-30b WB’s support for transition to high-middle income nation

India gets $25-30b WB’s support for transition to high-middle income nation

-- 2018-09-21 16:15:10

A day after Indian Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board Friday endorsed an ambitious five-year Country Partnership Framework (CPF) fo...

Govt may increase gas prices  next week

Govt may increase gas prices next week

-- 2018-09-21 15:53:53

Government is all set to hike gas prices next week.   However, residential and commercial consumers will be spared from paying higher prices, according to a report by UNB.   The upward...

French second-quarter GDP grows 0.2pc

French second-quarter GDP grows 0.2pc

-- 2018-09-21 15:17:23

The French economy grew 0.2 per cent in the second-quarter (Q2), unchanged from a previous estimate and the same rate as that seen in the first quarter, official data showed on Friday. The world's...

Dollar struggles near 2-1/2-month lows, yen slips

Dollar struggles near 2-1/2-month lows, yen slips

-- 2018-09-21 14:11:36

The dollar struggled near 2-1/2 month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-US trade conflict would not lead to an...

Euro zone consumer confidence falls in September

Euro zone consumer confidence falls in September

-- 2018-09-21 13:27:38

Euro zone consumer confidence fell in September by more than expected, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer morale in September...