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Search results for: economy

Country’s post-graduation challenges worry experts

FE REPORT November 11, 2019 10:24:34

Bangladesh will have to address a few core policy challenges to achieve the upper-middle income country status by 2031, economists said. The challenges include ensuring equitable tax system, capital...

Over 100 Indian CEOs to visit Davos for 50th WEF meet

-- November 10, 2019 19:10:13

Over 100 Indian CEOs, several political leaders and select Bollywood stars including Deepika Padukone will be in the Swiss ski resort town of Davos in January for the 50th anniversary of the WEF Annua...

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

-- November 10, 2019 15:44:20

A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are...

Banks’ assets-to-GDP ratio stands at 61.0 pc in FY19

FE ONLINE REPORT November 10, 2019 10:47:26

The country’s banking sector assets-to-GDP (Gross Domestic Product) declined marginally in the past fiscal year (FY19), according to a report released by the central bank last week. It showed t...

‘Infrastructure, skills crucial to develop ICT sector’

FE Online Report November 09, 2019 21:01:42

Lack of necessary infrastructure and skills need to be addressed to develop the information and communication technology (ICT) sector in the country. To this end, ICT R&D (research and developmen...

Taiwan's exports drops to $28.99b in Oct

-- November 09, 2019 13:57:09

Taiwan's exports dropped 1.5 per cent year on year to 28.99 billion US dollars in October, falling for two consecutive months, the latest data showed. The decline was mainly due to the falling export...

BD pays $987m to ACU for Sept-Oct imports

FE Report November 09, 2019 10:54:50

Bangladesh has made a routine payment of more than US$987 million to the Asian Clearing Union (ACU) against imports during the September-October period of this calendar year. After the payment, for...

EU cuts economic growth forecast for 2019, 2020

Xinhua November 08, 2019 16:35:14

The European Commission said on Thursday that euro area gross domestic product (GDP) is forecast to expand by 1.1 per cent in 2019 and by 1.2 per cent in 2020 and 2021. Compared with the projections...

China's foreign trade up 2.4pc in first 10 months

-- November 08, 2019 16:11:34

China's foreign trade registered stable growth in the first 10 months of this year with more opening-up measures to follow in the near future. The country's foreign trade volume expanded 2.4 per cent...

China's Oct exports, imports fall less than expected

Reuters November 08, 2019 13:20:31

China’s exports and imports contracted less than expected in October, providing some relief for the economy as Beijing tries to reach a partial trade deal with Washington. But even if a US-Chin...

Offshore banking: ABB pleads for easing rules

SIDDIQUE ISLAM November 08, 2019 10:01:38

Top executives of the private banks have urged the central bank to relax cash reserve ratio and statutory liquidity ratio requirements only for their offshore banking operations. Currently, the ban...

Philippine economy grows 6.2pc in third quarter

-- November 07, 2019 14:07:10

The Philippine Statistics Authority (PSA) said on Thursday that the country’s economy surged to 6.2 per cent in the third quarter of 2019, rose after two quarters of deceleration. PSA head Clai...

US productivity posts first fall in four years

-- November 07, 2019 12:20:19

The productivity of American workers in the third quarter fell for the first time in almost four years as the US economy slows, the Labor Department has reported. Nonfarm business sector labour produ...

Slowing Indian economy bodes ill for rupee: Poll

-- November 07, 2019 12:10:28

A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough...

Pension scheme bypasses 40pc population: CPD

FE REPORT November 07, 2019 11:10:10

More than 40 per cent of the nearly eight million old-age people do not receive any pension. In contrast, only 10 per cent private sector employees receive some kind of gratuity or provident fund. T...

Farming in peril, warns ADB

A Z M ANAS, BACK FROM MANILA November 07, 2019 10:28:35

Blaming inefficiency in the agriculture market, a senior executive of the Asian Development Bank, or ADB, says it crumbles every three years and farmers make "very modest" profits. "Farmers don't mak...

Govt moves to formulate tourism master plan in two years

BSS November 06, 2019 19:14:09

The government has taken an initiative for the first time in the country’s tourism history to formulate a ‘tourism master plan’ in next two years for proper branding of Bangladesh in...

Workshop on PPP in Bangladesh

FE Online Desk November 06, 2019 12:57:52

Public Private Partnership Authority of Prime Minister’s Office recently organized a workshop on PPP in Bangladesh at Planning Commission, Agargaon, Dhaka. An overview on the opportunities &...

Japan’s Q3 GDP growth may slow: Reuters poll

-- November 06, 2019 11:52:46

Japan’s economy likely grew for a fourth straight quarter in July-September helped by solid domestic demand as consumers rushed to beat a sales tax hike, a Reuters poll found on Wednesday. But...

July-Oct export receipts drop by 6.8pc

FE REPORT November 06, 2019 10:24:40

The country's export earnings declined by 6.82 per cent during the July-October period of the current fiscal year, compared to the corresponding period of the last fiscal year (FY). The aggregate exp...

ODCs key barrier to signing of PTAs

SYFUL ISLAM November 06, 2019 10:14:08

Other duties and charges (ODCs) have emerged as one of the major barriers to signing of preferential trade agreements (PTAs) between Bangladesh and several countries, officials have said. At present,...

USAID study identifies BD's six promising sectors beyond RMG

FE Online Report November 05, 2019 20:53:05

The United States Agency for International Development (USAID) has identified six promising sectors which can play a vital role to further boost the economy of Bangladesh. USAID’s Comprehensive...

Inflation slightly declines in October

UNB November 05, 2019 16:38:19

The inflation rate decreased to 5.47 per cent in October from 5.54 per cent in the previous month thanks to significant fall in prices of non-food items and some food commodities. “Despite pric...

ECNEC clears Tk 34.49b project to ensure nuclear plant safety

-- November 05, 2019 15:12:27

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects, including Tk 34.49 billion (3,449.05 crore) Physical Protection System (PPS) Project to Rooppur Nucle...

RBA keeps interest rate on hold at 0.75pc

-- November 05, 2019 12:15:37

The Reserve Bank of Australia (RBA) decided to keep the official interest rate on hold at 0.75 per cent following a monthly board meeting on Tuesday. The country's interest rate will remain at the al...

Jul-Oct remittance inflow crosses US$6.0b

FE REPORT November 05, 2019 09:55:26

The inflow of remittances crossed US$6.0 billion in the first four months of the current fiscal year (FY) as the government started providing incentive to the beneficiaries against inward remittance....

Emphasis on recognising women’s unaccounted household works in GDP

FE Online Report November 04, 2019 18:51:11

The contribution of women’s unaccounted household works needs to be incorporated in the gross domestic product (GDP), said experts.   The view came up at a programme on Monday at a dialogu...

China says no 'promise fatigue' on opening its economy

Reuters November 04, 2019 16:48:11

There is no “promise fatigue” about China’s efforts to open its economy to foreign businesses, the government said on Monday on the eve of week-long import fair, after the European U...

Foreign tourist arrivals to Cambodia rise 10pc

-- November 04, 2019 12:23:31

Cambodia received 4.81 million international visitors in the first nine months of 2019, up 10 per cent over the same period last year, Tourism Minister Thong Khon said on Monday. About 70.5 per cent...

WB to prepare next CPF for Bangladesh from Jan

FE REPORT November 04, 2019 10:47:41

World Bank Country Director Mercy Miyang Tembon on Sunday said the bank is going to prepare a four-year country partnership framework (CPF) for Bangladesh from January, 2020. "In the framework, it wi...