Loading...
The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

BD institutions weak to weather unanticipated economic shocks

BD institutions weak to weather unanticipated economic shocks

Jasim Uddin Haroon 2018-02-17 10:35:18

An international survey finds Bangladesh's institutional quality and business environment deficient in weathering potential economic shocks while assessing 25 frontier markets' potential vulnerabiliti...

CPA starts realising 15pc VAT on all port-service tariffs

CPA starts realising 15pc VAT on all port-service tariffs

Syful Islam 2018-02-17 09:55:53

The Chittagong Port Authority (CPA) has started realising 15 per cent VAT on tariffs of all 60 types of services it provides to port-users, with consent from the shipping ministry, officials said. In...

Banks' Tk 1.70t  gets stuck in  default cases

Banks' Tk 1.70t gets stuck in default cases

Rezaul Karim 2018-02-17 00:06:29

A hefty amount of over Tk 1.70 trillion of different banks remained stuck in 0.127 million money suits while a good number of them are facing liquidity crunch, sources said.    ...

Hackers steal $6m from Russian banks

Hackers steal $6m from Russian banks

-- 2018-02-16 14:26:43

Hackers stole $ 6.0 million (339.5 million rubles) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday. The disclosure, buri...

Japan reappoints Kuroda as BOJ chief

Japan reappoints Kuroda as BOJ chief

-- 2018-02-16 13:53:55

Japan has reappointed central bank chief Haruhiko Kuroda for another term, amid heightened anxiety in Japanese and global financial markets. The government on Friday nominated Kuroda, a 73-year-old...

Colombian GDP grows 1.8pc in 2017

Colombian GDP grows 1.8pc in 2017

-- 2018-02-16 13:34:41

Colombia’s gross domestic product rose 1.8 per cent in 2017, the lowest in eight years, the government’s DANE statistics agency said. The Latin America’s fourth largest economy ex...

How India's biggest bank fraud happened

How India's biggest bank fraud happened

-- 2018-02-16 11:49:06

India's Punjab National Bank, the second-biggest state-run lender, stunned the country's financial sector when it announced this week it had discovered fraudulent transactions worth $1.77 billion at a...

SANEM 3rd economists’ confce starts Saturday

SANEM 3rd economists’ confce starts Saturday

FE Online Report 2018-02-16 11:12:28

The third annual economists’ conference of the South Asian Network on Economic Modelling (SANEM) will kick off on Saturday morning in Dhaka. The theme of the two-day event is: ‘Leave no o...

‘Speed up railway projects under Indian LoC’

‘Speed up railway projects under Indian LoC’

FE Report 2018-02-16 10:41:27

Bangladesh Railway (BR) authorities have been asked to speed up the implementation work of four projects, including the Akhaura-Agartala rail link project, financed by the Indian grant and the first L...

NPL pile-up not a big problem: Minister

NPL pile-up not a big problem: Minister

 FE Report 2018-02-16 10:04:55

The current volume of non-performing loan (NPL) is not a big problem for the economy as it still remained at a lower level than many other countries, Planning Minister AHM Mustafa Kamal said Thursday....

Challenge lies in keeping BD’s political harmony

Challenge lies in keeping BD’s political harmony

FE Report 2018-02-16 09:48:29

A leading trade body has stressed ensuring political harmony in the country apart from facing properly the challenges of rising geo-political tensions and the Rohingya refugee crisis to achieve the co...

Draft Deposit Protection  Act incorporates NBFIs

Draft Deposit Protection Act incorporates NBFIs

Ismail Hossain 2018-02-16 00:33:58

Authorised persons involved in managing 'deposit insurance fund' at the central bank will get indemnity under a proposed law styled, the Deposit Protection (DP) Act, 2017. The Bangladesh Bank (BB) ha...

Europe’s 2017 sees best economic growth in a decade

Europe’s 2017 sees best economic growth in a decade

-- 2018-02-15 21:24:25

The European economy, in the strongest expansion in a decade, registered 2.5 per cent gross domestic product growth in 2017, the Eurostat agency said on Wednesday.  That's the growth rate for bot...

RBI to provide more cash into banks

RBI to provide more cash into banks

-- 2018-02-15 21:12:34

The Reserve Bank of India (RBI) has decided to provide additional cash to banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches. The RBI said on Tue...

BI holds rates amid currency volatility

BI holds rates amid currency volatility

-- 2018-02-15 20:19:43

Bank Indonesia (BI) has kept its policy rate unchanged on Thursday as expected, as it looks to maintain stability in the struggling rupiah currency following an unexpected spike in global volatility....

BB governor applauds the bank’s initiatives for remittance augmentation

BB governor applauds the bank’s initiatives for remittance augmentation

-- 2018-02-15 20:04:36

Remittance inflow through the proper channels has increased owing to initiatives taken by the central bank.    Bangladesh Bank (BB) Governor Fazle Kabir made the remark when the Board of Di...

BSP cuts bank reserve ratio

BSP cuts bank reserve ratio

-- 2018-02-15 19:51:00

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced Thursday a  1 percentage-point cut on banks’ reserve requirement ratio (RRR). The central bank red...

Iraq may get $30b for reconstruction

Iraq may get $30b for reconstruction

-- 2018-02-15 12:34:52

Total contributions by countries participating in Kuwait International Conference on Reconstruction of Iraq (KICRI) reached 30 billion US dollars, Kuwait Deputy Prime Minister and Foreign Minister She...

FDI increases marginally in H1

FDI increases marginally in H1

FE Online Report 2018-02-15 12:21:21

The inflow of Foreign Direct Investment (FDI) increased slightly in the first half (H1) of the current fiscal year (FY18). In gross terms, it increased to $1.75 billion in July-December period of 201...

Eight out of 18 probable projects get shortlisted

Eight out of 18 probable projects get shortlisted

Munima Sultana 2018-02-15 11:48:05

A special contact point may work for Japan following an opportunity created for receiving private investment from that country in some big PPP projects through government-to-government (G2G) arrange...

For India’s banks, more bad loan woes likely on the way

For India’s banks, more bad loan woes likely on the way

-- 2018-02-15 11:14:47

Just when many Indian banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come. The central...

Consumer price rise signals firming inflation

Consumer price rise signals firming inflation

-- 2018-02-15 10:42:23

The Consumer Price Index grew by 0.5 per cent against forecasts of a 0.3 per cent rise in United States. The report followed earlier data showing accelerating US wage growth. That raised concerns the...

Civil servants likely to get large subsidised home loans

Civil servants likely to get large subsidised home loans

M Azizur Rahman 2018-02-15 10:29:14

The government contemplates doling out around Tk 9.80 billion in annual subsidy to civil servants to help them buy homes, which drew critical appreciation, though. Sources said the ceiling of home lo...

Recap of public banks again on the cards

Recap of public banks again on the cards

FE Report 2018-02-15 10:20:02

The government again moves to give funds for recapitalisation of state-owned banks (SoBs), officials said, amid criticisms from economists about sending public money "down the drain". The financial...

Banks, FIs to issue 7,033m yen as soft loans under FDI

Banks, FIs to issue 7,033m yen as soft loans under FDI

FE Online Report 2018-02-14 19:52:06

Bangladesh Bank (BB) has signed agreements with 24 banks and financial institutions (FI) for disbursing 7,033 million yen as soft loans to potential borrowers under foreign direct investment. Ninetee...

BIDA chief eyes more FDI to achieve SDGs

BIDA chief eyes more FDI to achieve SDGs

-- 2018-02-14 19:32:37

Bangladesh Investment Development Authority (BIDA) executive chairman has stressed on the need of increased Foreign Direct Investment (FDI) to achieve the Sustainable Development Goals (SDGs) by 2030....

PNB detects $1.8b fraud in Mumbai branch

PNB detects $1.8b fraud in Mumbai branch

-- 2018-02-14 16:52:22

Indian state-run Punjab National Bank (PNB) has detected some “fraudulent and unauthorised” transactions worth about $1.77 billion at one of its branches in Mumbai. The PNB bank said on W...

Country sees revolution in agriculture: Experts

Country sees revolution in agriculture: Experts

-- 2018-02-14 13:12:37

Agriculturists at a post-rally discussion in Rangpur have said Bangladesh has achieved revolutionary success in the agriculture, fishery and livestock sectors. They came up with the observation at t...

Philippines, China to jointly explore energy in S China Sea

Philippines, China to jointly explore energy in S China Sea

-- 2018-02-14 12:53:16

The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea that both sides lay claim without having to address...

Japan GDP slows to 0.5pc in Q4

Japan GDP slows to 0.5pc in Q4

-- 2018-02-14 12:26:19

Japan's economic growth slowed in the last three months of 2017 and missed expectations, preliminary official figures show. The world's third-largest economy expanded at an annualised rate of 0.5 per...