Loading...
The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Utilise inland waterways to ease port’s container jam: Experts

Utilise inland waterways to ease port’s container jam: Experts

-- 2018-02-20 18:56:03

Speakers have put emphasis on long-term infrastructure investment plan and more use of inland waterways to reduce container jam in Chittagong port.  Dhaka Chamber of Commerce and Industry (DCCI)...

25 missions fail to meet export target

25 missions fail to meet export target

-- 2018-02-20 18:55:41

Twenty five Bangladesh missions, out of 57 missions in abroad, have failed to achieve their respective export target in the first half (H1) of the current fiscal year (2017-18). The missions, like Be...

New markets in focus to help RMG sector sustain

New markets in focus to help RMG sector sustain

FE Online Report 2018-02-20 18:55:35

New and potential markets must be explored for diversification and sustainability of RMG sector, said participants at a workshop on Tuesday. They also stressed for variety of readymade garment (RMG)...

IDB to lend €94.7m for low-cost housing

IDB to lend €94.7m for low-cost housing

-- 2018-02-20 13:41:29

The Islamic Development Bank or IDB recently approved €94.7 million in loans for housing projects in rural Bangladesh. IDB approved the loan at its board meeting which took place in recent time,...

Japan hopes US returns to TPP

Japan hopes US returns to TPP

-- 2018-02-20 12:21:27

Negotiators from Japan speak about a positive stance by the United States toward an Asia-Pacific trade pack, but also indicated that an agreement alteration at this point would nevertheless be challen...

Understaffed, untidy RHD longs for setup recast

Understaffed, untidy RHD longs for setup recast

Munima Sultana 2018-02-20 09:50:21

Government's Roads and Highways Department (RHD) long awaits its planned restructuring through upgradation of its organogram for proper upkeep of country's underserved ways and highways. Officials sa...

Loan, not easy equity from EEF: Bangladesh Bank

Loan, not easy equity from EEF: Bangladesh Bank

Syful Islam 2018-02-20 09:36:16

The central bank now suggests providing loan instead of equity from the Equity and Entrepreneurship Fund (EEF) so the money can be recovered in the event of project failure, officials said. Such a re...

Metro rail spending meagre until December last

Metro rail spending meagre until December last

FHM Humayan Kabir 2018-02-20 00:21:07

Only 13 per cent of Bangladesh's maiden metro rail (MRT-6) project has been implemented, in terms of spending allocation, until December last, officials said Monday. They said state-owned Dhaka Mass...

Medicine export marks 29.69pc rise, fetches Tk 31.96b

Medicine export marks 29.69pc rise, fetches Tk 31.96b

-- 2018-02-19 22:03:28

Earnings from Bangladesh’s medicine export recorded 29.69 per cent rise in the calendar year 2017 compared to the previous year. Health and Family Welfare Minister Mohammad Nasim made the revel...

Italy debt-GDP ratio falls

Italy debt-GDP ratio falls

-- 2018-02-19 21:54:38

Bank of Italy said the country’s public debt as a proportion of gross domestic product, fell by around half of a percentage point last year, broadly in line with the government’s target....

'Doubling tax-GDP ratio essential to meet SDGs'

'Doubling tax-GDP ratio essential to meet SDGs'

FE Report 2018-02-19 11:25:29

Bangladesh ought to double its tax-GDP ratio from the current 10 per cent or miss the UN-mandated Sustainable Development Goals (SDGs), a leading economists forewarned, citing some recent target failu...

UK households turn gloomier on finances: Survey

UK households turn gloomier on finances: Survey

-- 2018-02-19 11:22:59

British households’ gloom about their finances deepened this month, and most now expect borrowing costs to rise again within six months after the Bank of England raised interest rates in Novembe...

India’s $1.8b bank fraud that went unnoticed

India’s $1.8b bank fraud that went unnoticed

-- 2018-02-19 11:17:24

The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world’s fastest grow...

Two power projects face scrapping?

Two power projects face scrapping?

FHM Humayan Kabir 2018-02-19 00:13:28

The government is in a quandary over whether or not to discard Tk8.56 billion-worth two power projects as the executing agency only bought cars but failed to start work in five years, officials said....

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

-- 2018-02-18 20:34:31

Country’s prominent economist Professor Rehman Sobhan has stressed the need for increasing institutional capacity and creating value chain for boosting regional trade in South Asia. "Regional...

Dr Aziz, Dr Mahbub get BB award for economic contribution

Dr Aziz, Dr Mahbub get BB award for economic contribution

FE Online Report 2018-02-18 20:19:29

The central bank has honoured Dr Azizur Rahman and Dr Mahbub Hossain (Posthumous) through the Bangladesh Bank Award-2017 in recognition of their contribution to the economy. Finance minister AMA Mu...

UK withdraws air cargo flight ban, Biman audit begins Monday

UK withdraws air cargo flight ban, Biman audit begins Monday

FE Online Report 2018-02-18 17:32:07

The United Kingdom (UK) has lifted ban on direct cargo flights from Bangladesh after nearly two years, excepting for state-owned Biman. The development comes as the Western country has expressed...

China's industrial capacity utilisation touches 5-year high

China's industrial capacity utilisation touches 5-year high

-- 2018-02-18 13:00:22

China's industrial capacity utilisation hits 77 per cent in 2017, the highest level in nearly five years, according to the National Bureau of Statistics (NBS). The rate is 3.7 percentage points highe...

Indian bank loses nearly $2m in fraud on SWIFT system

Indian bank loses nearly $2m in fraud on SWIFT system

-- 2018-02-18 11:57:14

India’s City Union Bank Ltd said on Saturday it had suffered three “fraudulent remittances” of nearly $2 million that had been pushed through the SWIFT financial platform. City Unio...

IMF shows no objection to European Monetary Fund plan

IMF shows no objection to European Monetary Fund plan

-- 2018-02-18 11:38:17

International Monetary Fund chief Christine Lagarde has no objection to plans to turn the euro zone’s bailout fund into a European Monetary Fund, she said in comments published on Saturday. The...

India detains three over its biggest-ever bank scam

India detains three over its biggest-ever bank scam

-- 2018-02-18 10:49:02

The Central Bureau of Investigation (CBI) detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast...

Fresh bid for hike in fuel prices

Fresh bid for hike in fuel prices

M Azizur Rahman 2018-02-18 09:36:11

The state-run Bangladesh Petroleum Corporation (BPC) has placed a proposal with the relevant ministry for a substantial hike in prices of petroleum products to "avoid losses" following oil-price ris...

Huge case backlog enough to scare away investors

Huge case backlog enough to scare away investors

FE Report 2018-02-18 09:22:01

Government's chief investment promoter aired frustration over investment prospect for ballooning bad loans and huge loan-case backlog as experts at a seminar Saturday suggested legal amendments for a...

Thrust on ensuring 'fair process' in achieving SDGs

Thrust on ensuring 'fair process' in achieving SDGs

-- 2018-02-18 09:19:55

FE ReportSpeakers at a conference on Saturday stressed the need for a 'fair process' in achieving sustainable development goals (SDGs) along with ensuring 'good enough governance' at different levels...

Plan afoot for NBR to go tough against tax-dodging foreigners

Plan afoot for NBR to go tough against tax-dodging foreigners

FE Online Desk 2018-02-17 20:40:49

The revenue authority has planned to go tough against foreign nationals who are working in Bangladesh for long, but not paying income tax. National Board of Revenue (NBR) has chalked out the plan in...

BB to award Dr Aziz, Dr Mahbub for economic contribution

BB to award Dr Aziz, Dr Mahbub for economic contribution

-- 2018-02-17 20:22:18

The central bank is going to honour two eminent personalities with 'Bangladesh Bank Award-2017' in recognition of their contribution to economy. A BB media release said Professor Emeritus of Universi...

edotco Bangladesh to help government achieve SDGs

edotco Bangladesh to help government achieve SDGs

-- 2018-02-17 18:28:16

Mobile phone tower company edotco Bangladesh has decided to help the country materialise the government’s vision of achieving Sustainable Development Goals (SDGs) by 2030. In compliance with th...

Muhith urges banks to analyse proposals for risk-free loans

Muhith urges banks to analyse proposals for risk-free loans

FE Online Report 2018-02-17 14:47:27

Finance Minister AMA Muhith has asked the bankers to properly scrutinise all the project proposals they get and follow the know-your-client formula to make the loans risk-free. "There are two major...

China housing rental market sees steady growth

China housing rental market sees steady growth

-- 2018-02-17 13:08:24

China's housing rental market was estimated at 1.3 trillion yuan (about 205 billion US dollars) in terms of revenue last year, according Liu Zhifeng, head of China Real Estate Association. With a gov...

Japan eyes hiking optional pension age beyond 70

Japan eyes hiking optional pension age beyond 70

-- 2018-02-17 12:33:36

Japan has okayed plans to let people choose to start drawing their state pensions beyond the age of 70 as it grapples with severe labor shortages, ballooning welfare costs and a shrivelling tax base s...