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Search results for: economy

BD ranks 8th in leather products export

FE Online Report September 01, 2017 11:17:33

Bangladesh is the eight largest exporter of the leather products in the world, according to an estimation of the International Trade Centre Trade Map.   Country’s share in the world marke...

AL steered BD in becoming dev role model

-- August 31, 2017 21:47:30

Prime Minister Sheikh Hasina has said that Bangladesh has earned the reputation of being the role model of development as Awami League assumed power thrice with people’s mandate. She said this...

New India-Bangladesh rly line to start 2019

-- August 31, 2017 13:26:35

Land acquisition for India-Bangladesh new railway line has already been completed on the Indian side. On the Bangladesh side, 50 per cent was completed. The new India-Bangladesh railway project along...

BB eyes cut in small banknotes supply

-- August 31, 2017 12:50:43

The Bangladesh Bank is looking to restrict the supply of Tk 2 and Tk 5 banknotes.   An excess of coinage in the vaults prompted the decision, the central bank said.   In instructions iss...

India likely to post stronger growth

Reuters August 31, 2017 11:51:06

India’s economy likely showed further signs of recovery in the latest quarter from a shock cash squeeze late last year, but the rebound is not expected to be strong enough to help it reclaim the...

NBR redrafting income tax law

 Doulot Akter Mala August 31, 2017 09:48:09

Government's revenue authority began redrafting a new income-tax law after its draft was returned by the cabinet for plugging the holes that may drain taxes.   The National Board of Revenue (NB...

ADB for national green financing vehicles

-- August 30, 2017 18:39:33

The Asian Development Bank (ADB), in a report launched on Wednesday, has proposed the creation of national green financing vehicles to catalyse environmentally and financially sustainable infrastructu...

FDI from USA drops significantly in July-March

FE Online Report August 30, 2017 14:28:02

Net inflows of Foreign Direct Investment (FDI) from the United States of America (USA) dropped by 58.38 per cent in the first nine months of the past fiscal year (FY17).   Central bank stat...

US cos set sight on BD power sector

FE Online Report   August 30, 2017 14:18:55

US companies like the General Electric have evinced interest in investing in the power sector of Bangladesh. It was made known when US Acting Assistant Secretary of State Alice Wells called on Bang...

Work on hi-tech park in Rajshahi to complete 2019

-- August 30, 2017 13:55:14

Construction work on Bangabandhu Sheikh Mujib Hi-Tech Park in Rajshahi is going on in full swing. The project was launched in July, 2016, and will complete the work by June, 2019. The boundary wall...

Moody’s predicts G20 to grow over 3pc  

Reuters August 30, 2017 10:39:42

Moody’s Investors Service kept its forecast for G20 economic growth at just over 3 per cent for this year and next, but warned of geopolitical risks, US protectionism and spillovers from globa...

Seven banks suffer Tk 154b capital shortfall in Q2 alone

Siddique Islam August 30, 2017 10:21:23

Seven banks, five owned by the government, suffered capital shortfalls worth nearly Tk 154 billion in the current calendar year's second quarter (Q2) alone. Two state-owned commercial banks (SoCBs)...

WB fears sizeable revenue deficit this fiscal year

Syful Islam August 30, 2017 01:29:31

The government's revenue shortfall during the current financial year (FY) might range between Tk 400 billion and Tk 450 billion, according to a World Bank (WB) projection.   The government,...

WB to give $55m for e-GP, digital monitoring system

-- August 29, 2017 17:31:14

The World Bank (WB) sit set to give Bangladesh a loan of $55 million dollars to digitise the monitoring of the country's annual development programmes and to improve public procurement performance....

FDI from India stands at $72.3m in July-March

FE Online Report August 29, 2017 11:29:16

Net inflow of Foreign Direct Investment (FDI) from India stood at $72.3 million in the first nine months of the past fiscal year (FY17), according to the latest statistics of the central bank.  ...

Country’s debt-GDP ratio reaches 34pc

FE Online Report August 29, 2017 10:28:48

The ratio of the total debt to the Gross Domestic Product (GDP) reached to 34 per cent in the past fiscal year (FY17) which was 32 per cent in FY16.   Policy Research Institute of Bangladesh (P...

Japan hikes lending rate for Bangladesh

FHM Humayan Kabir August 29, 2017 09:08:04

Japan has raised the rate of interest for its latest aid package worth nearly US$1.64 billion for Bangladesh, officials said.   Japan official donor agency recently confirmed the 38th loan pack...

‘Ship breaking industry can contribute a lot to economy’

Our Correspondent August 29, 2017 01:17:55

CHITTAGONG, Aug 28: The ship breaking industry in Bangladesh has the potential to become a vital economic sector and contribute significantly to the growth of the country's economy.Secretary General o...

Remittance inflow to rebound in FY18: BB

-- August 28, 2017 21:59:06

The flow of remittances into Bangladesh is expected to rebound in the current fiscal (2017-18) as the central bank has taken some measures to streamline the legal channel for encouraging NRBs to send...

Most banks skip FTP policy

FE Report August 28, 2017 12:53:06

Most of the country's banks are yet to have any Fund Transfer Pricing (FTP) policy despite growing importance of the same in reducing the risk of liquidity shortfall, a recent industry-wide survey rev...

30 crime syndicates producing fake notes

-- August 28, 2017 12:50:47

Over 30 crime syndicates have been involved in producing and circulating of different fake currencies, especially US dollars, Euro, Pound, Saudi Riyal and Taka, a police official said. "Criminals usu...

RMG value addition declines marginally

FE Report August 28, 2017 12:28:54

Gross value addition (GVA) in the country's biggest export earning sector --clothing sector -- fell by 0.28 percentage point to 75.07 per cent in the immediate past fiscal year.   Analysts and...

Bangladeshi investors to set up ceramic factory in Nigeria

-- August 28, 2017 10:59:40

Some Bangladeshi investors concluded arrangements to establish a ceramic factory in Nigerian state Kogi. Bangladesh High Commissioner to Nigeria, Maj.-Gen.Sharif Kaikoba disclosed this while he cal...

58pc commercial banks have no guidelines for fund transfer: Report

-- August 27, 2017 22:51:18

Country's 58 per cent commercial banks have no guidelines for transferring funds within their branches while 98 per cent banks use old age system to calculate fund transfer pricing, according to a BIB...

'Govt to bring all industries under central welfare fund'

-- August 27, 2017 20:57:33

The government will bring all industries under the central fund created to provide financial support to the families of the workers who die or receive grave injuries in their work places. Prime Minis...

WB to provide $515m for health sector development

-- August 27, 2017 14:44:59

The World Bank (WB) will provide $515 million for financing a programme designed to improve further the country's health sector and ensure that all citizens have access to better health services. &...

China sees slowest industrial profit growth in three months

Reuters August 27, 2017 10:48:48

Earnings growth for China’s industrial firms cooled in July after accelerating for three straight months, reinforcing expectations the economy will slow over coming quarters as higher lending...

Rice import from Cambodia: Logistical costs main concern

-- August 26, 2017 13:11:30

Cambodia has refuted international media reports that claim the price for rice exports to Bangladesh is fixed. One Cambodian exporter said the price is expected to be finalised in mid-September and n...

NBR to phase out truncated-base VAT in two years

FE Report August 26, 2017 13:10:09

The tax authority is in a process to gradually phase out the truncated-base of Value Added Tax (VAT) within the next two years before implementation of the new VAT and Supplementary Duty (SD) act-2012...

Internet banking transactions jump by 40pc in FY17

FE Online Report August 26, 2017 12:31:26

Annual transaction of the country’s internet banking in the past fiscal year (FY17) posted a robust 40 per cent growth over the previous fiscal year (FY16).   Latest statistics of the c...