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The Financial Express

Search results for: economy

India freezes bank accounts of shell cos

-- September 06, 2017 19:01:06

India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and tax evasion, the finance ministry has said. The latest action against shell...

REER index up in FY17

FE Online Report September 06, 2017 14:00:48

Index of Real Effective Exchange Rate (REER) of Bangladeshi currency increased to 140.32 at the end of the past fiscal year (FY17) which was 138.33 at the end of FY16, the Bangladesh Bank data reveale...

German industrial orders fall in July

Reuters September 06, 2017 12:26:46

German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday. Factories registered a 0.7 per cent drop in orders after...

Consensus on key economic issues

From Jubair Hasan in Xiamen, China September 06, 2017 10:50:41

A three-day long BRICS Summit came to an end on Tuesday reaching consensus on some key economic issues that leaders believe will make voices of the developing countries much stronger in the globalised...

Govt set to revise GDP base year

-- September 06, 2017 10:03:49

The government is going to rebase and revise the GDP year to 2015-16 from the existing 2005-2006, incorporating many more emerging areas of economic activities into the calculation of economic output....

BD performance in financial inclusion not impressive: survey

Jasim Uddin Haroon September 06, 2017 09:46:47

Bangladesh lags behind neighbouring India and Pakistan in attaining financial inclusion of people from various social strata, according to a survey.   The country ranked 19th, scoring 66 in the...

Axiata sees strong QoQ results

FE Online Desk September 05, 2017 14:13:34

Axiata Group Berhad reported a strong quarter-on-quarter (QoQ) performance leading to a better first half for 2017. The Asian telecom giant, recently published its quarterly financial report for the s...

BB team off to Manila for heist money recovery

Reuters September 05, 2017 11:33:09

Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve...

NBR sets strategies to collect revenue from large taxpayers

Doulot Akter Mala September 05, 2017 10:12:27

Taxmen hope to harness a higher amount of Tk 550 billion in revenue from large taxpayers this fiscal year by executing a strategic plan. The strategic plan is evidently drawn amid anticipation of r...

Govt resumes borrowing from banks to meet budget deficit

Siddique Islam September 05, 2017 09:44:34

The government restarted borrowing from the banking system, ending over a month's suspension, through auctioning its securities for part financing of budget deficit.   Exigencies of food import...

China pledges $76m for BRICS co-op plan

Reuters September 04, 2017 10:56:44

Chinese President Xi Jinping arrives for a group photo during the BRICS Summit at the Xiamen International Conference and Exhibition Center in Xiamen, southeastern China's Fujian Province, China Septe...

Bangladesh for strengthening SAFTA, BIMSTEC

-- September 03, 2017 18:01:49

Bangladesh has emphasised on strengthening business alliances like the South Asian Free Trade Area (SAFTA) and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)...

Confce on climate change begins Sep 26 in Tokyo

FE Online Desk September 03, 2017 15:09:11

  A two-day international conference titled  ‘Globalization, Environment and Climate Change’ begins  September 26 in Tokyo, Japan.   Asian Development Bank Institute...

Strong rupee hurting India

-- September 02, 2017 21:46:07

India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the...

Int’l confce on challenges for sustained growth in Asia begins in Seoul Sept 7

FE Online Desk September 02, 2017 20:13:45

A two-day  international conference titled  ‘Prospects and Challenges for Sustained Growth in Asia’, co-organised by the Korean Ministry of Strategy and Finance, the Bank of Kore...

Tech Billionaire pledges $36m in Harvey relief

-- September 02, 2017 20:02:14

Michael Dell, the billionaire Texan who founded Dell Technologies, has pledged $36 million of his foundation’s money to help disaster relief efforts in the wake of Hurricane Harvey. The gift fr...

Slowdown-hit Indian economy counts costs of stronger rupee

-- September 02, 2017 18:09:12

NEW DELHI: India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of in...

No ban on rawhide entry to Hazaribagh

-- September 02, 2017 15:53:28

The authorities will not stop traders taking rawhide to Hazaribagh after the Eid-ul-Azha unlike last year after relocation of tanneries to Savar. Bangladesh Tanners' Association General Secretary S...

Australia invests $79.7m to secure mining investment

-- September 02, 2017 15:33:25

Australia will commit A$ 100 million (US $ 79.7 million) to secure private investment in greenfield mineral exploration across the country to drive a new wave of discoveries and restart the flagging m...

Int'l seminar on BD agri microfinance Sept 19 in Tokyo

FE Online Desk September 02, 2017 14:06:27

Asian Development Bank Institute (ADBI) will hold a seminar titled ‘Shocks and Brave Farmers: Evidence from a Randomized Agricultural Microfinance Experiment in Bangladesh’ on September 19...

BIDV outlook on long-term rating is stable, says S& P

FE Online Desk September 02, 2017 13:42:11

S&P Global Ratings affirmed the 'B+' long-term and 'B' short-term issuer credit ratings on the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). The outlook on the lon...

Non-resident holdings of t-bonds unchanged for five months

FE Online Report September 02, 2017 11:25:32

Monthly outstanding treasury bonds, held by the non-resident investors, have been unchanged since March this year.   The latest statistics of the central bank showed that the value of outstandi...

Export to Italy reaches $889m in Jan-July

FE Online Report September 02, 2017 11:15:19

Country’s merchandise export to Italy reached $889 million in the first seven months of the current calendar year, the latest statistics of the Export Promotion Bureau (EPB) revealed the data....

Export to India stands $378.61m in Jan-July

FE Online Report September 02, 2017 11:06:09

Country’s merchandise export to India reached at $378.10 million in the first seven months of the current calendar year, according to the latest statistics of the Export Promotion Bureau (EPB)....

US job growth slows in August

-- September 02, 2017 10:49:54

US job growth slowed more than expected in August after two straight months of hefty increases, but the pace of gains should be more than enough for the Federal Reserve to announce a plan to start tri...

US CEOs urge Trump not to scrap 'Dreamers' programme

-- September 01, 2017 22:28:30

  Hundreds of chief executives and business leaders in the US have signed a letter urging President Donald Trump not to scrap a programme known as “Dreamers” that prevents the deport...

Bangladesh seeks easy visa in IOR

-- September 01, 2017 21:46:23

Commerce Minister Tofail Ahmed has urged the countries of Indian Ocean Region to relax their visa regimes to enable free flow of people. The Bangladesh minister addressed the Second Indian Ocean Conf...

Kuwait Airways expands Dhaka flights from Jan

-- September 01, 2017 17:46:35

Kuwait Airways in the first quarter of 2018 plans to increase Kuwait City – Dhaka service, as it schedules 12 weekly flights from 03JAN18, instead of 10 weekly. Boeing 777-300ER operates all 12...

UK factory activity grows strongly in Aug

-- September 01, 2017 17:00:08

Britain’s factory activity grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed on Friday, suggesting the economy might be picking up speed af...

Pak population now stands over 200m

-- September 01, 2017 16:39:04

    Pakistan is one of the most populated countries in the world.     Last week, the Pakistan Bureau of Statistics released a provisional report of the country’s sixth p...