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Search results for: economy

BOK cuts interest rate for first time in three years

-- July 18, 2019 12:12:20

The Bank of Korea, the central bank of the Republic of Korea, on Thursday cut its policy rate for the first time in three years, and shaved this year’s growth forecast to the lowest in a decade....

PFC accounts can be used to make import payment

FE Report July 18, 2019 11:43:41

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said. "….funds from PFC accounts may...

Developing Asia to meet growth outlook despite trade war: ADB

Reuters July 18, 2019 11:30:44

The Asian Development Bank said on Thursday developing Asia is on track to meet the lender’s growth expectations for this year and next, even as trade tensions between the United States and Ch...

Robust financial sector can be fourth driver of BD economy: ADB

-- July 17, 2019 19:11:26

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of t...

Singapore exports fall as electronics slump

-- July 17, 2019 11:22:55

Singapore’s exports fell more than expected in June, marking their biggest decline in six years, as the city-state struggles against tepid global demand and the Sino-US trade war. The grim trad...

Import growth 6.0pc in July-May of FY '19

FE Report July 17, 2019 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir July 17, 2019 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...

ECNEC approves eight projects worth Tk 51.42b

-- July 16, 2019 16:07:32

The Executive Committee of the National Economic Council (ECNEC) has approved eight projects involving an estimated cost of Tk 51.42 billion. Among the nine projects, the ECNEC approved Tk 26.06 bill...

Malaysia to lift moratorium on Bangladeshi workers soon

FE Online Desk July 16, 2019 11:35:58

Malaysia is expected to lift the moratorium on Bangladeshi workers next month, according to the Southeast Asian country's Human Resources Minister M Kulasegaran. "I hope we can conclude within one or...

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala July 16, 2019 09:43:32

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said. The agency, under the Prime Minister's Office (PMO), has r...

China's housing prices stabilise with slower growth rates in June: NBS

Global Times July 15, 2019 20:53:13

Property prices in China held stable in June with slower growth rates amid an ongoing crackdown on speculation in the real estate market, figures released by the National Bureau of Statistics (NBS) sh...

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

-- July 15, 2019 17:00:16

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Banglades...

China's GDP grows 6.3 pc in first half 2019

-- July 15, 2019 15:20:47

China's GDP expanded 6.3 per cent year on year in the first half of 2019 to about 45.09 trillion yuan (about 6.56 trillion US dollars), data from the National Bureau of Statistics (NBS) showed Monday....

Govt decides to take ADB loan, finally

Munima Sultana July 15, 2019 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

FE Report July 15, 2019 10:05:58

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

-- July 14, 2019 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...

Women workers' outflow up 10pc in Jan-Jun

Arafat Ara July 14, 2019 10:57:50

The number of outbound women workers has increased by more than 10 per cent in the first six months of the current calendar year amid allegation of different types of workplace exploitation. Accord...

Minimum value for customs assessment made neutral

Doulot Akter Mala July 14, 2019 10:10:50

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products. Min...

Finance minister seeks AIIB support for energy sector

FE Report July 13, 2019 21:33:48

China-led Asian Infrastructure Investment Bank (AIIB) on Friday assured Bangladesh of providing all-out support to the country's development. The assurance came when finance minister AHM Mustafa Kama...

'Bangladesh to seek Korean investment for innovative production'

-- July 13, 2019 21:00:10

Bangladesh will seek Korean investment for producing new and diverse products in the country as South Korean Prime Minister Lee Nak-yon arrived in Dhaka on Saturday afternoon on a three-day official v...

Advance Tax puts importers in a tight spot

FE Report July 13, 2019 09:38:53

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when...

Singapore's decade-low growth triggers recession warning

-- July 12, 2019 18:20:22

Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed on Friday, raising bets that a technical recession and monetary policy easing could...

Call for FTA with KL to boost trade

Siddique Islam, from Kuala Lumpur July 12, 2019 12:08:33

Bangladesh business leaders and experts have accentuated the signing of a free trade agreement (FTA) with Malaysia to boost bilateral trade and investment. They made the recommendation at a programme...

WB to help BD achieve middle-income status

FE Report July 12, 2019 10:01:51

The World Bank said it will continue support Bangladesh in its quest for achieving the upper-middle income country status by ensuring green growth. Chief executive officer of the global lender Krista...

Businesses, taxmen differ on corporate tax rates

Doulot Akter Mala July 12, 2019 09:51:00

Businesses and tax-officials are holding opposite views over the existing corporate tax rates, taking into consideration the country's poor tax-GDP (gross domestic product) ratio and investment scenar...

Bangladesh to form body to negotiate FTA with Malaysia

-- July 11, 2019 19:30:46

Bangladesh will form a committee to negotiate signing Free Trade Agreement (FTA) with Malaysia. The information was revealed at the ‘Showcase Bangladesh-Go Global’ at the Royale Chulan Ho...

Queen Maxima highly praises financial inclusion in BD

-- July 11, 2019 17:35:26

Visiting Dutch Queen Maxima Zorreguieta Cerruti on Thursday highly praised the expansion of financial inclusion in Bangladesh through simplification of the digital financial services. She also assure...

BB assures People's Leasing depositors

FE Report July 11, 2019 09:54:59

The central bank said as a regulator it will not shoulder the responsibility of failure on the part of the People's Leasing and Financial Services Ltd (PLFSL), which is now facing liquidation. "Liqui...

Bangladesh should further open up its economy: Joy

-- July 10, 2019 22:11:04

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy has said Bangladesh should further open up its economy for more foreign investments. “We are now living in an age of globalisation. W...

Export earnings from furniture industry witness 18.53pc growth

-- July 10, 2019 19:30:54

The export earnings from the country’s furniture industry witnessed an 18.53 per cent growth in the last fiscal year (FY19). The country bagged $74.89 million from furniture export in FY19, whi...