The Financial Express

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BB unveils growth-supportive monetary policy for H1

FE Online Report 2018-07-31 13:56:39

The central bank of Bangladesh on Tuesday unveiled a growth-supportive and restrained monetary policy for the first-half (H1) of the current fiscal year (FY) to cope with challenges ahead of the gener...

S Korean business sentiment worsens to 17-month low

-- 2018-07-31 12:40:18

A gauge of businesses sentiment over economic situations for South Korea fell to the lowest in 17 months on worry about the global trade conflict. The business sentiment index (BSI) came in at 75 i...

Japan factory output falls over 2pc in June

-- 2018-07-31 11:38:40

The industrial production in Jappan fell 2.1 per cent from a month earlier in June, the Ministry of Economy, Trade and Industry said Tuesday. The seasonally adjusted index of the output at factories...

Muhith for timely submission of govt entities' audit reports

FE Report 2018-07-31 11:21:14

Finance Minister A M A Muhith has stressed the need for timely submission of audit reports of different government institutions. "If you submit the reports within the (stipulated) time period, those...

BB unveils H1 monetary policy today

FE Report 2018-07-31 10:01:02

The central bank unveils its first-half (H1) yearly monetary policy today (Tuesday) aiming to achieve maximum economic growth by boosting investments in productive sectors. Bangladesh Bank (BB) gover...

Beijing to shut 1,000 manufacturing firms by 2020

Reuters 2018-07-30 12:15:54

China’s capital Beijing will shut around 1,000 manufacturing firms by 2020 as part of a programme aimed at curbing smog and boosting income in neighbouring regions, state media said on Monday....

BB to unveil H1 monetary policy Tuesday

-- 2018-07-30 11:57:06

Bangladesh Bank will unveil its monetary policy statement for the first half (H1) of the 2018-19 fiscal, covering the period from July to December, on Tuesday. Central bank governor Fazle Kabir will...

BB to announce new Monetary Policy Statement Tuesday

-- 2018-07-29 19:48:39

Bangladesh Bank (BB) will announce its Monetary Policy Statement (MPS) for the first half of the financial year 2018-19 (FY19) on Tuesday. BB Governor Fazle Kabir will unveil the MPS in the morning o...

ECNEC approves nine projects worth Tk 75.39b

-- 2018-07-29 15:49:26

The Executive Committee of the National Economic Council (ECNEC) on Sunday approved nine projects involving Tk 75.39 billion. The approval came from an ECNEC meeting held at NEC conference room...

Top functionaries visit dev projects in Ctg

FE Online Desk 2018-07-29 13:13:17

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Nominal wage growth drops slightly in FY18

FE Online Report 2018-07-29 12:15:33

Rate of wage increase in the country’s low paid skilled and unskilled labours declined marginally in the past fiscal year. Latest Wage Rate Index (WRI), released by the Bangladesh Bureau of Sta...

Inflation of clothing, footwear jumps by 4.80pc in FY18

FE Online Report 2018-07-28 12:24:23

Price inflation of clothing and footwear across the country jumped by 4.80 per cent in the past fiscal year. Latest statistics, released by Bangladesh Bureau of Statistics (BBS), showed that Consumer...

US economic growth hits fastest rate since 2014

BBC 2018-07-28 10:47:04

The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1 per cent, official figures show. The gains were driven by strong consumer sp...

Ministries dragging their feet over tapping blue economy

Rezaul Karim 2018-07-28 10:14:37

The government's move to tap the blue economy has hardly made any progress over the past three years mainly due to dilly-dallying attitude of the ministries concerned, officials said. The Prime Minis...

Govt's non-tax revenue earnings on the slide

Jasim Uddin Haroon 2018-07-28 09:51:39

The government's non-tax revenue (NTR) earning, which mostly includes resources mobilised from dividend, profit and fees by various departments, has been much below the expectation. Implementation of...

Imran Khan faces tough test in looming economic crisis

-- 2018-07-27 20:42:06

Equity and bond markets have welcomed Imran Khan’s victory in Pakistan’s disputed election, but the former cricket hero faces a tough slog to avert a currency crisis and implement long-ter...

17pc remittance comes from Saudi Arabia in FY18

-- 2018-07-27 19:01:43

Bangladeshi expatriates living in the Kingdom of Saudi Arabia (KSA) sent over 17 per cent, or US$2,591.58 million of the total inflow of remittance $14,978.86 million in the outgoing fiscal 2017-18 (F...

Taiwan economic growth likely to slow in Q2

-- 2018-07-27 16:55:54

The economic growth of Taiwan is likely to slow in the second quarter (Q2) amid trade tensions between the United States and China, according to Reuters poll. The median forecast in a Reuters poll...

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

-- 2018-07-26 18:06:12

The Asian Development Bank's (ADB) Board of Directors has approved a new long-term corporate strategy -- Strategy 2030 -- that sets out the institution's broad vision and strategic response to the evo...

Egypt's budget deficit narrows to 9.8pc

-- 2018-07-26 16:51:51

Egypt’s budget deficit for the 2017-2018 fiscal year was 9.8 per cent of gross domestic product (GDP), down from 10.9 per cent the previous year. Egypt achieved a primary fiscal surplus for t...

WB mission in town to discuss $750m budgetary credit line

FHM Humayan Kabir 2018-07-26 10:17:47

The World Bank (WB) has decided to provide US$ 750 million in budgetary support after fielding a mission in Dhaka to discuss the potential lending, officials said on Wednesday. Officials said a...

India to hold top spot for economic growth: Poll

-- 2018-07-26 09:50:27

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside ri...

Minister asks DCs to promote domestic tourism

-- 2018-07-25 19:47:18

Civil Aviation and Tourism Minister AKM Shahjahan Kamal has directed the deputy commissioners (DC) to take initiatives for setting up new spots for tourists. Shahjahan Kamal gave the directives durin...

BB sets Tk 218b farm credit target for FY’19

FE Report 2018-07-25 16:15:51

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19. The loan was estimated to be nearly 7.0 pe...

BB eases rules to attract dollar deposits

FE Report 2018-07-25 10:28:20

The central bank has relaxed regulations, allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency rates to encourage savings in such accounts. Eurocurren...

'1,000,000pc inflation' to hit Venezuela in 2018

-- 2018-07-24 15:00:51

Venezuela’s inflation rate is likely to top 1,000,000 per cent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to become one of the worst hyperinflationary...

Global raters air concern over state banks' health

FE Report 2018-07-24 10:10:58

Three global ratings agencies have identified poor governance standards and weak financial health as risk factors for the Bangladesh's banking sector, particularly for public banks. The agencies -Moo...

Japan places dos necessary to execute JICA projects expeditiously

FHM Humayan Kabir 2018-07-24 09:54:01

Japan has urged Bangladesh to conduct feasibility studies properly before it takes up development projects to avoid cost and time overrun, officials said on Monday. Bangladesh's largest bilateral dev...

Private sector credit growth exceeds target in June

Siddique Islam 2018-07-23 10:27:25

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said. The growth in credit flow to private sector came...

'Trade tensions posing increased risk to global growth'

-- 2018-07-22 19:38:34

Finance ministers and central bankers from the world’s largest economies have said heightened trade and geopolitical tensions are posing an increased risk to global growth. They have call...