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The Financial Express

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Over 100 dev projects await inauguration in Mymensingh

Over 100 dev projects await inauguration in Mymensingh

-- 2018-03-13 20:50:38

Prime Minister Sheikh Hasina is set to inaugurate a total of 100 development projects during her visit in Mymensingh. The premier is scheduled to visit the district on April 5. According to the offic...

Indian oil imports from Venezuela hits record low

Indian oil imports from Venezuela hits record low

-- 2018-03-13 14:35:26

Indian oil imports from Venezuela have fallen to their lowest levels in over half a decade, as a severe economic and political crisis hits crude output in the South American OPEC member. The oil imp...

Four big concurrent events at CHINAPLAS

Four big concurrent events at CHINAPLAS

FE Online Desk 2018-03-13 12:26:20

SHANGHAI, CHINA - 13 March - Development of plastics and rubber technologies has roared ahead like a tiger in current years. CHINAPLAS, as a leading trade fair, offers a technology-oriented platf...

Summit, Mitsubishi sign MoU for power plant, LNG terminal

Summit, Mitsubishi sign MoU for power plant, LNG terminal

FE Online Report 2018-03-13 12:22:05

Summit Corporation Ltd, a subsidiary of Summit Power International (SPI) along with Summit Holdings Limited signed a memorandum of understanding (MoU) with Japanese Mitsubishi Corporation and its su...

PM invites Singapore investors to explore opportunities

PM invites Singapore investors to explore opportunities

-- 2018-03-13 11:07:31

Prime Minister Sheikh Hasina on Tuesday invited the business community in Singapore to be Bangladesh's partners in its journey towards economic development as the country is now transforming. "Bangla...

Bangladesh about to meet LDC graduation criteria

Bangladesh about to meet LDC graduation criteria

Mehdi Musharraf Bhuiyan 2018-03-13 10:22:08

Bangladesh is set to get the qualifying marks for LDC graduation when the UN policy body sits for a review of the country status today (Tuesday). The 20th plenary meeting of the Committee for Develop...

BB strengthens forex support to banks, sells $55m

BB strengthens forex support to banks, sells $55m

FE Report 2018-03-13 10:11:27

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations, particularly for fuel oils, officials said. As part of the move, the...

Budget for FY19 to be placed on June 7

Budget for FY19 to be placed on June 7

-- 2018-03-12 21:15:26

Finance Minister Abul Maal Abdul Muhith on Monday said the next national budget will be placed before the parliament on June 7. He also hinted that the next budget will be of Tk 4.75 trillion. The...

VAT collection under LTU marks 30pc rise in Feb

VAT collection under LTU marks 30pc rise in Feb

-- 2018-03-12 20:09:29

Revenue collection under the Large Taxpayer Unit (LTU) of Value Added Tax (VAT) witnessed a 30 per cent growth in February of the current fiscal (FY18). LTU collection in February of FY18 was Tk 35.6...

Singaporean retail sales fall 8.4pc in Jan

Singaporean retail sales fall 8.4pc in Jan

-- 2018-03-12 16:31:03

The retail sales of Singapore went down 8.4 per cent in January year-on-year, comparing to a re-calculated 6.3-per cent rise last December, the Department of Statistics of Singapore has said. The...

Govt realises Tk 3.88b income tax in Rajshahi till Feb

Govt realises Tk 3.88b income tax in Rajshahi till Feb

-- 2018-03-12 14:28:48

The government has realised income taxes of Tk 3.88 billion in the first eight months of the current 2017-18 fiscal year in Rajshahi zone, more than Tk 1.00 billion in the same time of the previous fi...

US adds 313,000 jobs in February

US adds 313,000 jobs in February

-- 2018-03-12 12:42:52

The US economy added 313,000 jobs in February, the biggest number of jobs in more than 1-1/2 years, but a slowdown in wage growth pointed to only a gradual increase in inflation this year. Data for...

Bangladesh, Singapore ink MoUs on air service, PPP

Bangladesh, Singapore ink MoUs on air service, PPP

-- 2018-03-12 11:54:52

Bangladesh has signed two Memorandum of Understanding (MoUs) on air service and public private partnership (PPP) with Singapore. The MoU was signed on Monday at the Istana, office of the President of...

Govt doles out Tk 20b  to recapitalise banks

Govt doles out Tk 20b to recapitalise banks

Rezaul Karim 2018-03-12 00:27:36

The government will give Tk 20 billion in a latest dollop to state-run banks to meet their capital shortfall, officials said, at a time when reports are rife on irregular big lending. The funds are s...

Muhith rules out ambitious target in next budget

Muhith rules out ambitious target in next budget

-- 2018-03-11 21:32:52

Finance Minister Abul Maal Abdul Muhith Sunday said there would be no ambitious target in the next national budget. He also said the budget size is likely to be in between Tk 4.60 trillion Tk 4.75 tr...

Businesses are too greedy: Muhith

Businesses are too greedy: Muhith

-- 2018-03-11 19:54:44

Finance Minister Abul Maal Abdul Muhith has termed Bangladesh’s businesses too greedy as 'they want to do business without taxes'. The finance minister made the allegation following a meeting w...

Will not bail out struggling banks: Tanzania president

Will not bail out struggling banks: Tanzania president

-- 2018-03-11 14:57:29

Tanzania’s President John Magufuli has ordered the country’s central bank not to bail out any struggling banks as East Africa’s third-largest economy tries to control rising bad debt...

Stagnant private investment ‘poses a major challenge’

Stagnant private investment ‘poses a major challenge’

FE Report 2018-03-11 10:41:47

A "stagnant" state of private-sector investment as a ratio to GDP (gross domestic product) would stand as one of major challenges facing Bangladesh for smooth transition from the LDC status. Speakers...

Economists fret as money supply falls

Economists fret as money supply falls

Jasim Uddin Haroon 2018-03-11 10:14:59

Growth of "broad money" continues to decelerate in the country that implies that the money supply to the economy is gradually contracting as the government tightens the purse strings, sources said. E...

Govt mulls new farm policy to boost food production

Govt mulls new farm policy to boost food production

-- 2018-03-10 19:04:34

Every year up to two million people add up to Bangladesh’s 165 million population. To feed the yearly add-on, an additional 500,000 metric tons (MT) of food is required to produce. With the cu...

RBI turns up heat on lenders after mega loan fraud

RBI turns up heat on lenders after mega loan fraud

-- 2018-03-10 13:08:17

The Reserve Bank of India has asked commercial lenders to provide it with details of all letters of undertaking - a form of credit guarantee at the centre of an alleged $2 billion fraud - issued by th...

BCIC incurs Tk 3.9b in loss for gas shortage

BCIC incurs Tk 3.9b in loss for gas shortage

Jubair Hasan 2018-03-10 10:12:57

Bangladesh Chemical Industries Corporation (BCIC) is in a fix for witnessing a massive loss to the tune of Tk 3.9 billion after making profits in the recent years, said officials concerned. The offic...

Gas crisis hits industries, kitchens, CNG filling stations hard

Gas crisis hits industries, kitchens, CNG filling stations hard

FE Report 2018-03-10 09:47:15

Daily life becomes a misery in many parts of the capital for severe fall in pressure of the piped gas supply to households, city-dwellers lament, as they count an extra cost of living. Officials in t...

Sonali Bank seeks Tk 60b bailout urgently

Sonali Bank seeks Tk 60b bailout urgently

Rezaul Karim 2018-03-10 09:22:02

The state-owned Sonali Bank has sought guarantee worth Tk 60 billion from the government to meet its huge capital shortfall urgently, officials said. According to data available until September, Sona...

Ratio of direct green finance declines

Ratio of direct green finance declines

FE Online Report 2018-03-10 00:00:00

The ratio of direct green finance to total green finance by banks and financial institutions declined in the past year, according to latest central bank statistics. It showed that the ratio of direct...

Japan central bank keeps policy steady

Japan central bank keeps policy steady

-- 2018-03-09 15:01:26

Japan’s central bank kept monetary settings unchanged on Friday and stuck to its upbeat view on the economy, underscoring its conviction that its massive stimulus programme is helping drive infl...

Indian retail inflation likely eases

Indian retail inflation likely eases

-- 2018-03-09 12:16:22

The retail inflation of India likely eased to a four-month low in February on softening prices for vegetable and other perishable foods, a Reuters poll showed. The inflation likely to fall but probab...

CPD public dialogue on BD's graduation from  LDC Saturday

CPD public dialogue on BD's graduation from LDC Saturday

FE Online Desk 2018-03-09 11:16:26

A public dialogue titled 'Bangladesh’s Graduation from the LDC Group: Pitfalls and Promises' will be held Saturday in the city. The Centre for Policy Dialogue (CPD) organised the event , said...

Forex reserve slips below $32b

Forex reserve slips below $32b

Siddique Islam 2018-03-09 11:08:01

Country's foreign exchange reserves slipped below US$ 32 billion after more than two months due to highest-ever import payments settled bi-monthly with Asian Clearing Union (ACU). It paid $1.56 bil...

BD state-owned banks prone to sizeable liability risk: Moody's

BD state-owned banks prone to sizeable liability risk: Moody's

-- 2018-03-09 09:50:12

Bangladesh's banking sector risk has been assessed as 'moderate' by the international credit rating agency Moody's, which said it reflects sizeable contingent liability risks from state-owned banks....