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The Financial Express
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Search results for: economy

Many businesses balk at paying  VAT unlike income tax: NBR chief

Many businesses balk at paying VAT unlike income tax: NBR chief

FE Online Report 2018-04-04 15:49:52

Many business entities are reluctant to pay VAT (value added tax) to the government exchequer as it is yet to get acceptance like income tax, National Board of Revenue (NBR) chairman Md Mosharraf Hoss...

Sri Lanka central bank cuts key rate amid slow growth

Sri Lanka central bank cuts key rate amid slow growth

-- 2018-04-04 15:36:02

The Central Bank of Sri Lanka (CBSL) cut its key lending rate by 25 basis points on Wednesday. The central bank unexpectedly cut the key rate as policy makers sought to revitalise an economy growin...

UK shop prices drop in March

UK shop prices drop in March

-- 2018-04-04 14:19:19

British shop prices dropped in March at the fastest pace in more than a year, adding to signs that inflation pressure caused by the pound’s post-Brexit drop is fading away, an industry survey sh...

59pc of APAC financial cos to invest in real-time detection of fraud

59pc of APAC financial cos to invest in real-time detection of fraud

FE Online Desk 2018-04-04 14:04:51

The detection of fraud is a key concern for companies around the world, particularly for consumer banking and credit card companies. 78 per cent of retail banking and cards companies are most concern...

Road ministry seeks 74pc higher fund

Road ministry seeks 74pc higher fund

FHM Humayan Kabir 2018-04-04 12:29:37

The ministry of road transport and bridges has sought Tk 430.48 billion in the next development budget, up 74 per cent it received in the last fiscal year. In the last financial year of 2017-18, the...

BB cuts banks’ CRR, effective from Apr 15

BB cuts banks’ CRR, effective from Apr 15

FE Report 2018-04-04 12:24:20

The central bank of Bangladesh slashed on Tuesday the cash reserve requirement (CRR) by 1.0 percentage point to 5.50 per cent, enabling all the scheduled banks to use Tk 101 billion worth of additiona...

Economy encountering money market, BoP imbalances

Economy encountering money market, BoP imbalances

Asjadul Kibria 2018-04-04 12:17:15

The ongoing chaos in the country's financial market is the manifestation of inefficiency in managing the macro-economy, economists said. They warned that measures taken lately to shore up liquidity i...

Export earnings decline by 1.38pc in March

Export earnings decline by 1.38pc in March

FE Report 2018-04-04 00:33:59

The country's export earnings in March dropped by 1.38 per cent to $3.05 billion, compared to the corresponding month of last calendar year, according to officials data released on Tuesday. In March...

BB fixes fees against loans for financial institutions

BB fixes fees against loans for financial institutions

-- 2018-04-03 18:13:17

Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs). As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be th...

ECNEC approves 10 projects worth Tk 34.16b

ECNEC approves 10 projects worth Tk 34.16b

FE Online Report 2018-04-03 17:58:41

The Executive Committee of the National Economic Council (ECNEC) approved 10 projects at a combine cost of Tk 34.16 billion at its meeting Tuesday. Prime Minister Sheikh Hasina presided over the meet...

Inflation rate drops slightly in March

Inflation rate drops slightly in March

FE Online Report 2018-04-03 16:59:54

The point-to-point inflation rate in the last month March of the current fiscal dropped to 5.68 per cent compared to that of 5.72 per cent in the previous month February. Bangladesh Bureau of Statist...

DCCI proposes NBR to slash corporate tax rates

DCCI proposes NBR to slash corporate tax rates

FE Online Report 2018-04-03 15:37:14

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday proposed the revenue authority to slash corporate tax rates in phases for listed and non-listed companies in the upcoming budget. The ch...

Bangladesh estimates 7.65pc growth for FY18

Bangladesh estimates 7.65pc growth for FY18

-- 2018-04-03 14:25:28

Bangladesh has estimated that per capita income will rise to $1,752 in the current fiscal year (FY) ending Jun 30 from $1,610 a year ago. Planning Minister AHM Mustafa Kamal revealed the information...

Export earnings up by 6.33pc in nine months

Export earnings up by 6.33pc in nine months

FE Online Report 2018-04-03 14:06:47

The country's export earnings maintained a moderate growth of 6.33 per cent during the first nine months of the current fiscal year (FY), 2017-18. The export earnings stood at US$27.45 billion during...

White House criticises $3b China tariffs

White House criticises $3b China tariffs

-- 2018-04-03 12:50:57

The White House has criticised China after the second largest economic country imposed retaliatory tariffs against the US on a range of goods, including pork, fruits, and wine. Beijing has introduced...

Remittance inflow rebounds

Remittance inflow rebounds

FE Report 2018-04-03 09:47:46

The flow of inward remittance bounced back in March after a falling trend in the previous month, as the exchange rate of the local currency maintained stability against the US dollar, officials said....

FICCI proposes gradual cut in corporate tax

FICCI proposes gradual cut in corporate tax

FE Report 2018-04-03 09:38:15

Foreign investors have proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years. The members of the Foreign I...

Only strong banks should get state entities' deposit

Only strong banks should get state entities' deposit

FE Report 2018-04-03 00:27:30

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowe...

US factory activity declines; construction spending gains

US factory activity declines; construction spending gains

-- 2018-04-02 22:30:33

US factory activity slowed in March amid a decline in new orders, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. Other data on Monday showed a mar...

NBR wants FICCI's assistance for tax collection

NBR wants FICCI's assistance for tax collection

-- 2018-04-02 19:35:54

National Board of Revenue (NBR) on Monday has sought cooperation from the business community for collection of tax from potential areas and individuals still remaining out of tax net. "This time the...

Bahrain discovers biggest oil field in its history

Bahrain discovers biggest oil field in its history

-- 2018-04-02 13:18:23

Bahrain has discovered its largest oil field since the Middle East country's first oil well began operation nearly 90 years ago, according to the country’s official news agency. The governmen...

NBR to settle long-standing BPC VAT dues thru' book adjustment

NBR to settle long-standing BPC VAT dues thru' book adjustment

Doulot Akter Mala 2018-04-02 10:18:12

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to...

BB takes new measures to  beef up liquidity supply

BB takes new measures to beef up liquidity supply

Siddique Islam 2018-04-02 00:17:00

Bangladesh Bank (BB) will slash Cash Reserve Requirement (CRR) of the banks by 1.0 percentage point to 5.50 per cent to help mitigate the present liquidity crunch in the banking system. The decision...

BD’s topmost challenge lies  in reducing gaping disparity

BD’s topmost challenge lies in reducing gaping disparity

Asjadul Kibria 2018-04-02 00:15:19

A macro-development economist of international renown noted with satisfaction the progress Bangladesh achieved in 47 years but warned that the rising disparity might derail the overall development. "...

BB to cut CRR by 1.0 percentage point

BB to cut CRR by 1.0 percentage point

FE Online Report 2018-04-01 16:18:07

The central bank of Bangladesh will slash the Cash Reserve Requirement (CRR) by 1.0 percentage point to 5.5 per cent from the existing level of 6.50 per cent to help mitigating the ongoing liquidity c...

Muhith expects over 7.5pc economic growth in current fiscal

Muhith expects over 7.5pc economic growth in current fiscal

-- 2018-04-01 12:34:18

Finance Minister AMA Muhith on Saturday said the government is expecting the country's economic growth will be over 7.5 per cent in the current fiscal year. The minister also said the economic growth...

LDC graduation: BB chief links it to functioning of FIs

LDC graduation: BB chief links it to functioning of FIs

FE Report 2018-04-01 09:55:13

Bangladesh's sustainable transition from the LDC (least-developed country) status largely depends on effective functioning of the country's financial institutions (FIs), says the central bank chief....

European Investment Bank looks to dole out €110m loan for Railway

European Investment Bank looks to dole out €110m loan for Railway

FE Report 2018-04-01 09:49:42

The European Investment Bank (EIB) intends to provide €110 million in loan to help Bangladesh purchase new rolling stock for the Railway. The total cost of the project is €270 million and c...

Regulator weighing pleas for doubling gas price

Regulator weighing pleas for doubling gas price

FE Report 2018-04-01 09:41:47

State energy regulator now weighs the proposals submitted by the gas- distribution companies for nearly doubling its tariffs, with an obvious motive of adjusting the prices with that of expensive LNG....

France-Myanmar trade hits $234m

France-Myanmar trade hits $234m

-- 2018-03-31 14:51:46

Bilateral trade between France and Myanmar hit 234 million US dollars as of January in present fiscal year 2017-2018, the official Global New Light of Myanmar has reported. During the period, the c...