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The Financial Express

Search results for: economy

Inflation hits two-year-high at 6.12pc

Inflation hits two-year-high at 6.12pc

FE Report 2017-10-18 12:00:00

The point-to-point inflation rate hit the two-year-high of 6.12 per cent in last month (September), mainly due to rise in the prices of some food and non-food items, officials said. The Bangladesh Bu...

Jamuna Bank, Silkways Card ink deal

Jamuna Bank, Silkways Card ink deal

FE Online Desk 2017-10-18 12:00:00

An agreement was signed between Jamuna Bank and Silkways Card & Printing Ltd.  (Silkcard) recently for Card Personalising Service. Under this agreement, Jamuna Bank will personalise all types...

Mastercard holds global risk leadership confce

Mastercard holds global risk leadership confce

FE Online Desk 2017-10-18 12:00:00

A group of high officials from Mastercard’s Member Banks and Financial Institutions in Bangladesh recently attended the Mastercard Global Risk Leadership Conference-Asia Pacific at Capella Sento...

China’s GDP rises to $12.1t  in five years: Xi Jinping

China’s GDP rises to $12.1t in five years: Xi Jinping

-- 2017-10-18 12:00:00

President Xi Jinping said China has maintained its position as the world’s second largest economy and contributed more than 30 per cent of global economic growth. China’s GDP rose from 54...

Online tax return filing yet to gather pace

Online tax return filing yet to gather pace

Doulot Akter Mala 2017-10-18 10:37:43

The revenue board found its online system for submission of income-tax returns largely forlorn and went on a mass campaign for teaching taxpayers how to do it. Sources said less than 100 taxpayers s...

Income inequality widens further

Income inequality widens further

FE Report 2017-10-18 09:31:16

Income inequality in Bangladesh has widened further despite decline in the rate of poverty, dropping to 24.3 per cent last year from 31.5 per cent six years back. Official findings in the Household I...

China will deepen economic reforms: Xi

China will deepen economic reforms: Xi

Reuters 2017-10-18 02:24:46

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday....

OPEC compliance with oil output cut deal at 86pc, says IEA head

OPEC compliance with oil output cut deal at 86pc, says IEA head

-- 2017-10-18 01:08:55

SEOUL, Oct 17 (Reuters): The Organisation of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 per cent, Fatih Birol, the executive director of the I...

Thrust on greater support for fisheries sector in BD

Thrust on greater support for fisheries sector in BD

FE Online Desk 2017-10-17 12:00:00

A high level policy workshop, held in Dhaka recently urged for greater support for fisheries and aquaculture sector in Bangladesh. The workshop was held in connection with the dissemination of a compr...

BB reinforces forex support to banks

BB reinforces forex support to banks

Siddique Islam 2017-10-17 12:00:00

The central bank has strengthened its foreign currency support to the commercial banks for settling import payment obligations, particularly of food grains and fuel oils. As part of the move, the Ban...

Inflation rises in September

Inflation rises in September

-- 2017-10-17 12:00:00

The rate of inflation in the month of September has witnessed a rise by 0.59 percentage point, according to the latest data of Bangladesh Bureau of Statistics (BBS). As per BBS statistics, inflation...

Policy unpredictability: Economy, investment decisions suffer most

Policy unpredictability: Economy, investment decisions suffer most

-- 2017-10-17 10:44:03

Experts called for making Regulatory Impact Assessment Policy to reduce unpredictability of rules and regulations that stymies investment and innovations in the country. Conducting a regulatory impac...

Corporate tax posts 20.55pc growth in Q1

Corporate tax posts 20.55pc growth in Q1

Doulot Akter Mala 2017-10-17 10:20:09

Income tax collection from the large corporate taxpayers posted 20.55 per cent growth in the first quarter of the current fiscal year (FY) largely because of higher financial contribution of the comme...

'Poverty rate in Bangladesh drops to 24.3pc'

'Poverty rate in Bangladesh drops to 24.3pc'

-- 2017-10-17 08:24:25

The poverty rate in the country came down to 24.3 per cent although it is still high at rural level with 26.4 per cent while 18.9 per cent at urban level. Bangladesh Bureau of Statistics (BBS) on Tue...

UK inflation hits highest since April 2012

UK inflation hits highest since April 2012

-- 2017-10-17 07:42:32

The UK's key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer Prices Index (CPI) climbed to 3 per cent, a level...

Singapore Sept exports post surprise decline

Singapore Sept exports post surprise decline

Reuters 2017-10-17 01:48:46

Singapore’s exports unexpectedly fell from a year earlier in September, data showed on Tuesday, their first on-year contraction in five months as electronics shipments posted their first decline...

Move to mobilise $190b to fund mega transport projects

Move to mobilise $190b to fund mega transport projects

Munima Sultana 2017-10-16 12:00:00

A massive fundraising campaign got underway for mobilising over US $190 billion to elegantly improve Dhaka's transport network with metro rails, expressways and bus-franchise services. Dhaka Transpor...

Change looms in global central banking leadership

Change looms in global central banking leadership

Reuters 2017-10-16 12:00:00

The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects...

Ensure easy-term housing loans to achieve SDG 11

Ensure easy-term housing loans to achieve SDG 11

FE Report 2017-10-16 12:00:00

The government has been urged to ensure easy-term housing loans for the low-income group of people to achieve the SDG 11. According to the Sustainable Development Goal (SDG), adequate, safe and affor...

Industrial credit drops in FY17

Industrial credit drops in FY17

FE Online Report 2017-10-16 12:00:00

Disbursement of the industrial term credit declined by 5.16 per cent in the past fiscal year (FY17), according to the latest statistics of the central bank. It showed that some Tk 621.54 billion was...

PBOC expects 7pc GDP growth in H2

PBOC expects 7pc GDP growth in H2

Reuters 2017-10-16 11:53:11

China’s economy is expected to grow 7.0 per cent in the Second Half (H2) of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations...

World economy still needs help from low rates, IMF says

World economy still needs help from low rates, IMF says

AP 2017-10-15 12:00:00

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the Internation...

Mongolia coal exports cool as China  border issue creates bottleneck

Mongolia coal exports cool as China border issue creates bottleneck

-- 2017-10-15 11:33:02

ULAANBAATAR, Oct 15 (Reuters): Mongolia's coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In the first nine months of the year, exp...

Eurogroup head outlines pragmatic  view on ‘euro zone budget’

Eurogroup head outlines pragmatic view on ‘euro zone budget’

-- 2017-10-15 11:28:55

WASHINGTON, Oct 15 (Reuters): A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund...

Tofail urges exporters to adopt 'Look East' approach

Tofail urges exporters to adopt 'Look East' approach

FE Report 2017-10-14 12:00:00

Commerce Minister Tofail Ahmed Friday urged the country's exporters and manufacturers to take a 'Look East' approach to expanding and diversifying export market and products. "Our exporters intend to...

No signs of excesses building in markets: BOJ

No signs of excesses building in markets: BOJ

Reuters 2017-10-14 12:00:00

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in US, European and Japanese markets as a result of heavy money printing by the BOJ....

User test of online VAT return starts

User test of online VAT return starts

FE Report 2017-10-13 12:00:00

VAT online project (VoP) launched user acceptance test (UAT) of online return submission last week, before introducing it to businesses under the amended VAT rules. The online VAT return filing syste...

Japan exports seen up in Sept

Japan exports seen up in Sept

Reuters 2017-10-13 12:00:00

Japan’s exports likely grew for a tenth straight month in September buoyed by upbeat demand from overseas, a Reuters poll showed on Friday, underscoring a steady economic recovery. Exports were...

Generous rural power connections far outstrip actual generation

Generous rural power connections far outstrip actual generation

M Azizur Rahman 2017-10-12 12:00:00

Generous power connections through "unplanned" network expansion in the country's rural areas have far outstripped generation, resulting in sporadic outage, sufferers said. Inadequate and inefficient...

Japan wholesale prices rise 3pc in Sept

Japan wholesale prices rise 3pc in Sept

-- 2017-10-12 12:00:00

Japanese wholesale prices rose 3.0 per cent in September from a year earlier, at the fastest annual pace in almost nine years, due to rising prices for gasoline, metals, and agricultural products. Ec...