Search results for: economy

China's home prices remain stable in Nov

-- December 15, 2018 13:22:14

Home prices in major Chinese cities largely remained stable in November as local governments toughened up control of the housing market, official data showed on Saturday. On a month-on-month basis, n...

NBFIs in tight corner

Jubair Hasan December 15, 2018 10:08:56

The current effort to bring down lending and deposit rates has started putting pressure on non-banking financial institutions (NBFIs), sector insiders said. To comply with the directive, the non-bank...

ADB finds high reg, land costs key constraints

Syful Islam December 15, 2018 09:54:41

The Asian Development Bank (ADB) has identified constraints such as weak legal enforcement in mortgage market, supply-side challenges, inadequate incentives, and rising construction cost that prevent...

Germany's central bank slashes growth forecasts

Reuters December 14, 2018 14:00:17

Growth in Germany, Europe’s biggest economy, will slow in the coming years, the Bundesbank said on Friday, cutting its forecasts in a biannual review after a string of disappointing data in rece...

US import, export price drop in Nov

-- December 14, 2018 12:17:09

US import and export prices both dropped in November, US Bureau of Labor Statistics (BLS) has said. The bureau said the import price saw the largest monthly drop since August 2015, while export price...

China's industrial output up 5.4pc in Nov

-- December 14, 2018 12:07:00

China's value-added industrial output, an important economic indicator, expanded 5.4 per cent year on year in November, official data showed Friday. The growth rate was 0.5 percentage points lower...

CPD's remarks politically motivated: Muhith

FE Report December 14, 2018 10:29:39

Finance Minister AMA Muhith on Thursday again trashed the remarks on plundering of Tk 225 billion from the banking sector in a decade, terming it politically motivated. "The information revealed by t...

WB okays $250m to create quality jobs in BD

-- December 13, 2018 17:09:12

The World Bank on Thursday approved a $250 million development policy operation to help the government of Bangladesh strengthen its capacity to create more, better-paid and quality jobs in a rapidly c...

Egypt's fiscal deficit to shrink to 6.4pc in FY 2019-20

-- December 13, 2018 15:04:39

Egypt's fiscal deficit will shrink to 6.4 per cent of GDP in 2019-20 fiscal year (FY) from 9.4 per cent in FY 2017-18, said a report by the official news agency MENA. The fiscal deficit is expected t...

NBR against tax waiver for SIMs used in MNP service

Doulot Akter Mala December 13, 2018 09:51:02

The revenue board has strongly opposed the government's decision to waive the tax on SIMs used in MNP service. Reduction of SIM tax for mobile number portability (MNP) service may create the scope fo...

Belated settlements of int’l payments hurt country’s image: ICCB President

FE Online Desk December 12, 2018 18:32:44

A number of commercial banks in Bangladesh do not make payments on time against letters of credit (L/C) despite having no discrepancy in the system. “This affects the country’s image to t...

First ever NRB engineers’ confce in Dhaka in Feb

FE Online Desk December 12, 2018 14:07:05

‘Bridge to Bangladesh’ is set to organize a conference of Non Resident Bangladeshi (NRB) engineers, which is the first of its kind in the history of Bangladesh, in Dhaka in upcoming Februa...

Asia to grow 6.5-6.9pc in 2018, 2019: ADB

-- December 12, 2018 12:30:30

The ADB expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures. The Manila-based institution, the Asian Development Ban...

Mexico to invest $30b in southern states

-- December 11, 2018 13:18:37

Mexico will invest more than $30 billion (23.57 billion pounds) in its poor southern states over the next five years to boost the region economically, the country’s Foreign Minister Marcelo Ebra...

Banks' provisioning shortfall swells in nine months

Siddique Islam December 11, 2018 09:30:27

Overall shortfall in provisioning against loans in the country's banking system swelled by over 20 per cent or Tk 13.60 billion during the first nine months of the year. The total amount of provision...

SoBs defy MoF order on public display of top defaulters’ list

Syful Islam December 11, 2018 09:27:51

None of the state-owned banks (SoBs) and financial institutions have displayed the list of top loan defaulters on their notice boards and posted the same on websites, defying a directive of the minist...

Qatar Investment Authority accelerates investments in technology

-- December 10, 2018 17:16:43

The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments. QIA's CEO Mansour Ibrahim al-Mahm...

France’s GDP to grow 1.5 pc in 2018: Deputy FinMin

-- December 10, 2018 14:39:57

The growth domestic product (GDP) of France will grow 1.5 per cent this year, a slower-than-expected, the country’s deputy finance minister said on Monday. The GDP will grow at the weaker tha...

BD third among remittance-receiving countries in South Asia

-- December 09, 2018 19:38:55

Bangladesh has been ranked third among remittance-receiving countries in South Asia with a cash inflow of US$15.9 billion this year, according to a World Bank report. Moreover, the country became the...

Minister optimistic about 100pc ADP implementation in FY19

-- December 09, 2018 17:36:01

Planning Minister AHM Mustafa Kamal is hopeful of achieving 100 per cent implementation rate of the Annual Development Programme (ADP) in the current fiscal year. The minister came up with the projec...

Election becomes a big investment: Debapriya

-- December 09, 2018 16:55:47

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Debapriya Bhattacharya has said eligible and honest candidates are not getting nominations as the election has become a big investment. He...

$500m WB loan to boost livestock, dairy production

-- December 09, 2018 13:46:08

The World Bank (WB) has approved $500 million to improve livestock and dairy production in Bangladesh under the project titled ‘The Livestock and Dairy Development Project’. The lender...

India to hold top remittance-receiving country in 2018

-- December 09, 2018 12:24:25

India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping 80 billion US dollar back home, the World Bank has said. India is followed...

Scams cost banking sector Tk 225b in 10 yrs: CPD

FE Report December 09, 2018 09:50:40

Experts at a seminar in the capital on Saturday called for finding ways to keep the banking sector away from "patronage politics". The central bank needs to come out of the grip of the government and...

Refrain from interfering in banking sector, CPD urges political parties

-- December 08, 2018 19:01:27

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya on Saturday urged the political parties to pledge in their manifestos, to be announced for the 11th parliamentary...

China's export, import growth shrinks in November

-- December 08, 2018 14:50:38

China’s exports increased far less than expected in November, apparently indicating that slowing global demand outweighed any gains from a rush to ship goods to the United States ahead of a now-...

'New generation entrepreneurs hold key to meeting challenges'

FE Report December 08, 2018 10:23:20

The country should create new entrepreneurs, giving priority to knowledge and technology, experts said on Friday. To become a developed economy by 2041, there is no alternative to Bangladesh for fost...

NY Fed's involvement in reserve heist not yet proven: BFIU

Syful Islam December 08, 2018 10:00:02

Bangladesh is yet to find the Federal Reserve Bank of New York's involvement in the reserve heist though it plans to sue the US-based bank, a top official said on Friday. "We are yet to get anything...

Japan household spending unexpectedly falls in Oct

Reuters December 07, 2018 13:15:24

Japan’s household spending unexpectedly fell in October and real wages slipped for a third straight month, adding to concerns about the strength of the economy as global trade frictions cloud...

US trade deficit hits 10-year high in October

-- December 07, 2018 11:58:48

US trade deficit widened for a fifth consecutive month and reached a 10-year high in October, the government reported Thursday. The total trade gap increased 1.7 per cent to 55.5 billion US dollars i...