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The Financial Express

Search results for: economy

Japan's PM pledges to protect economy from coronavirus impact

-- February 28, 2020 12:37:15

Japanese Prime Minister Shinzo Abe has pledged to take policy steps as needed to prevent the coronavirus outbreak from dealing a severe blow to the country’s fragile economic recovery. Abe on F...

Coronavirus may bring fortune for Bangladesh

FE Report February 28, 2020 10:50:59

The spread of new coronavirus (COVID-19) in China may bring fortune for a booming economy like Bangladesh as many countries have by now realised that dependence on a single country for sourcing produc...

IMF projects 0.8pc growth for Zimbabwe in 2020

-- February 27, 2020 15:50:33

The International Monetary Fund (IMF) has projected a 0.8 per cent growth for Zimbabwe's economy 2020, much lower than a 3.0 per cent forecast by the Zimbabwe government. In a statement, the IMF on W...

Depositors’ money to be more secure under new act: BB

-- February 26, 2020 21:36:55

The Bangladesh Bank has said depositors’ money in banks and financial institutions will be more secure after implementation of proposed ‘Deposit Protection Act, 2020’. BB's chief sp...

Trump, Modi hope talks lead to phase one of US-India trade deal

Reuters February 26, 2020 13:21:24

US President Donald Trump and Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks that they hope can lead to the first phase of a bilateral US-India...

Bangladesh, India discuss ways to boost trade ties

-- February 25, 2020 22:30:08

Speakers at a seminar on Tuesday discussed trade and business opportunities between Bangladesh and India and ways to bolster trade relations taking advantage of the proximity. Indian High Commission...

India has 98pc of coal resources among BIMSTEC states: Report  

FE REPORT February 25, 2020 22:21:21

India is top with more than 98 per cent of coal resources, followed by Bangladesh 1.2 per cent among member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperat...

NEC approves second perspective plan

-- February 25, 2020 18:10:35

The National Economic Council (NEC) has approved the Second Perspective Plan of Bangladesh (2021-2041) in a bid to turn Bangladesh as a higher mid-income country by 2031 and a higher income and develo...

Tariff commission fears serious impact on trade with China

SYFUL ISLAM February 25, 2020 09:49:41

The impact of novel coronavirus on Bangladesh-China bilateral trade is already visible and may seriously affect it in the long run, the Bangladesh Trade and Tariff Commission has said. "Due to the vi...

BB sets 9.0pc interest rate on all loans

FE Report February 24, 2020 22:33:46

The central bank has instructed banks to fix a maximum 9.0 per cent interest rate on all loans except credit cards as part of the government initiative to bring down the lending rate to a si...

Seven committees to oversee development of SMEs

FE REPORT February 24, 2020 16:10:00

The Ministry of Industries (MoI) has formed seven separate committees to oversee the development activities of the country's small and medium enterprises (SMEs) sector. The committees are: SME busine...

‘Bangladesh economy to overtake Malaysia, Singapore in four years’

-- February 23, 2020 21:53:13

Finance Minister AHM Mustafa Kamal, citing the report of an international survey, on Sunday said the economy of Bangladesh will surpass that of Malaysia and Singapore by 2024. "The economy of Banglad...

'Analog cable-TV service costs govt Tk 120b a year'

-- February 23, 2020 20:39:20

The government loses Tk 100-120 billion in revenue every year as the cable operators are not digitised their services, said Information Minister Hasan Mahmud on Sunday, reports UNB. “The govern...

Second graduation ceremony of BIBM’s Certification Courses held

FE Online Desk February 23, 2020 14:27:29

The Graduation Ceremony of BIBM’s Certification Courses organized by Bangladesh Institute of Bank Management (BIBM) was held at BIBM premises recently. Fazle Kabir, Chairman of the BIBM Governi...

Banking commission must operate independently: CPD

-- February 22, 2020 21:33:43

The Centre for Policy Dialogue (CPD) has welcomed the government's decision to form a banking commission in a bid to pull the country's financial services sector out of its current slump. But the org...

Global telcos join Alphabet, SoftBank’s flying cellphone antenna lobbying effort

-- February 21, 2020 19:26:50

Alphabet and SoftBank’s attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory ap...

After Amazon, Walmart’s Flipkart challenges India antitrust probe

-- February 21, 2020 18:28:46

Walmart’s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its...

Daimler warns of “significant adverse effects” of virus outbreak

-- February 21, 2020 18:14:35

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world, according to Reuters. &...

BD eyes further economic ties with Turkey

-- February 21, 2020 15:51:11

Bangladeshi President Abdul Hamid called Thursday for greater trade and investment with Turkey to explore the potentials of the two countries in various sectors, reports Daily Sabah.  "There is...

Samsung Electronics names non-executive director as board chairman in company first

-- February 21, 2020 15:45:08

Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence, according to Reuters. Former Finance M...

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

-- February 21, 2020 15:25:57

In the days after a new virus was identified in China on December 31, global central bankers fell back on past experience for a comforting early analysis, according to Reuters. The SARS epidemic in 2...

Kuroda watching with ‘grave concern’ as virus hits Asian economies

-- February 21, 2020 14:44:40

Bank of Japan Governor Haruhiko Kuroda said he was watching the coronavirus impact on the economy with “grave concern,” in a nod to the growing toll the epidemic is taking on manufacturing...

Govt may revise decision on post office savings interest rate

-- February 19, 2020 19:36:36

The government would revise the recent decision of interest rate cut on post office savings schemes considering the concern of the marginalised and low-income people. Finance Minister AHM Mustafa Kam...

No visas for low-skilled workers, UK govt says

BBC February 19, 2020 11:13:16

Low-skilled workers would not get visas under post-Brexit immigration plans unveiled by the government. It is urging employers to "move away" from relying on "cheap labour" from Europe and invest in...

Banks' provision shortfall shrinks by 18pc in Q4

FE Report February 19, 2020 10:16:49

The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. T...

Coronavirus slows China's Belt and Road push

Reuters February 18, 2020 20:27:44

When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, p...

Power sector received Tk 522.6b as subsidy in 10 years

UNB February 18, 2020 20:19:34

State Minister for Power, Energy and Mineral Resources Nasrul Hamid informed the parliament on Tuesday that the government provided Tk 522.60 billion as subsidy to power sector in the last 10 years....

UN initiative to improve environment, livelihoods and energy supply in Cox's Bazar

FE Online Desk February 18, 2020 13:20:48

Three United Nations (UN) agencies have launched the Safe Access to Fuel and Energy Plus Livelihoods (SAFE Plus) project in Dhaka alongside the Government of Bangladesh to mitigate deforestation and i...

Bangladesh eyes stronger commercial ties with Qatar

UNB February 17, 2020 18:30:06

Bangladesh and Qatar on Monday discussed ways to strengthen commercial ties further between the two countries and send more workers there ahead of the FIFA World Cup to be held in Qatar in November-De...

Interest rates of savings certificates not lowered

UNB February 16, 2020 21:11:02

The government has clarified that interest rates of different savings schemes with Post Office Savings Bank were lowered, not that of any savings certificate. The Ministry of Finance issued the clari...