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Search results for: economy

Country’s total power generation capacity stands at 15761MW

-- September 11, 2017 18:39:42

The total power generation capacity of the country now stands at 15,761 MW. This was disclosed by Power Division Secretary Dr Ahmad Kaikaus while he made a power-point presentation on the power sec...

Stop loan concentration in few big businesses

FE Report September 11, 2017 11:37:18

The central bank asked the commercial banks to avert loan concentration in single big groups or sectors through diverting their investment portfolios to minimise default risks. In another major dir...

Another N power plant in southern region: PM

-- September 11, 2017 01:03:33

Prime Minister Sheikh Hasina said Sunday that another nuclear power plant would be set up in the southern region for which the government is working to select an island there, reports UNB.   Sh...

SK Group to set up LPG terminal, petrochemical refinery

-- September 10, 2017 20:14:00

South Korea's leading conglomerate SK Group has planned to go for a joint venture with Bangladesh’s TK Group for setting up a petrochemical refinery, Liquefied Petroleum Gas (LPG) terminal and a...

Sales of savings certificates jump 49pc in July

-- September 10, 2017 11:29:42

  The Bangladesh government has sold Tk 73.52 billion in savings certificates in the first month of the new fiscal year, a 49 per cent increase over the same period last year.   However,...

Indian minister to visit Dhaka for diesel pipelines deal

-- September 10, 2017 11:28:40

Indian Petroleum Minister Dharmendra Pradhan will soon visit Dhaka to sign an agreement with Bangladesh for diesel exports through pipelines.   Dhaka has already agreed to New Delhi's proposal...

High-level meet to review progress of mega projects

FHM Humayan Kabir September 10, 2017 10:06:17

Nearly a dozen cost-intensive mega projects are up for a review for accelerating their execution, as the government nears end of its present term.   A high-level meeting scheduled for Wednesday...

Agencies need $77m for Rohingyas: UN

-- September 09, 2017 20:38:45

Humanitarian agencies operating in Cox’s Bazar urgently need US $77 million to assist the people who have fled violence in Myanmar, the United Nations says. “The rapid movement of people...

'BEPZA contributing lot to implement SDGs'

-- September 09, 2017 20:05:12

BEPZA is contributing a lot to implement Sustainable Development Goals (SDGs), the Vision 2021 and the Vision 2041. It is tremendously contributing in industrialisation through attracting investment,...

Govt sets ambitious soft aid flow target this fiscal

FHM Humayan Kabir September 09, 2017 10:07:59

The government eyes disbursement of nearly US$7.0-billion concessional foreign assistance this financial year, an ambitious 35 per cent rise over last fiscal, to meet huge fund needs. Even, officia...

Govt will ask dev partners to increase funding

Mehdi Musharraf Bhuiyan September 09, 2017 09:56:53

The government will ask its development partners this week to realign their country strategies with enhanced funding provisions as it is looking to generate billions more in foreign aid for implementi...

RAKUB board vows to make agro-based economy vibrant

-- September 08, 2017 22:18:57

RAJSHAHI, Sept 08 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) should be committed to taking its banking services to the doorsteps of the farmers for elevating their living and livelihood condition....

BB heist: Ex-Philippine bank manager may stand trial alone

Reuters September 08, 2017 15:11:58

Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh’s central bank last year...

UK inflation expectations hold steady: BoE

Reuters September 08, 2017 14:53:40

The British public’s expectations for inflation remained stable in the three months to early August, a Bank of England survey showed on Friday, despite this year’s rise in price growth aft...

BD's GDP per person higher than Pakistan's

-- September 08, 2017 14:39:13

London-based "The Economist" has found Bangladesh's GDP per person better than that of Pakistan's, in its latest report published on Thursday.   Following is the full text of the report: When B...

Net FDI jumps 32.76 pc in FY17

FE Online Report September 08, 2017 12:45:05

Net inflow of Foreign Direct Investment (FDI) increased by 32.76 per cent in the past fiscal year (FY17), according to the latest statistics of the central bank.   It showed that total inflow o...

BNM holds key rate as growth is solid

-- September 07, 2017 15:24:08

Bank Negara Malaysia (BNM), the central bank of Malaysia, has left its benchmark interest rate unchanged on Thursday as expected, as it sees the economy remaining on a solid growth.   All 11 ec...

Tax waiver on firms’ salary expenses now conditional

Doulot Akter Mala September 07, 2017 09:52:22

Employers have to ensure return submission on the withholding tax of their employees having taxable incomes to claim tax waiver on salary expenses.    As per provision, the tax benefit on...

Buyers’ credit jumps by 20pc in first half for low interest

Siddique Islam September 07, 2017 00:58:37

The volume of buyers' credit jumped by over 20 per cent in the first half (H1) of this calendar year as importers excessively bank on such cheaper foreign-currency loans.   Sources said a sect...

Career considerations in today’s changing economy and technology

Shaha Rakesh Nishan September 07, 2017 00:52:27

The pace at which the world is growing is an indication for today's employees and the new graduates to constantly update and adapt themselves with the changing economy and technology. Additionally, th...

Rangpur growers attain financial solvency from chilli cultivation

Our Correspondent September 07, 2017 00:46:58

A view of a chilli field in Char Nazirdaho under Kawnia of Rangpur. The photo was taken on Wednesday. — FE Photo RANGPUR, Sept 06: Farmers at different areas under the district are getting fina...

Industrial park in Malaysia's Kuantan on track, says MCKIP chairman

-- September 07, 2017 00:37:15

KUALA LUMPUR, Sept. 6 (Xinhua): The Malaysia-China Kuantan Industrial Park (MCKIP), the first industrial park to be jointly developed by Malaysia and China, is on track to achieve its investment targe...

China to spend over $1.0t on planes over next 20 yrs: Boeing

-- September 07, 2017 00:35:57

BEIJING/SHANGHAI, Sept 6 (Reuters): Chinese airlines are likely to buy more than 7,000 planes worth $1.1 trillion over the next 20 years, as they grow their fleets to meet robust demand for domestic a...

'Ethnic groups playing role in boosting economy'

-- September 06, 2017 21:09:00

State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday said Ethnic minority groups are playing a vital role in the development of the country, says the state mini...

India freezes bank accounts of shell cos

-- September 06, 2017 19:01:06

India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and tax evasion, the finance ministry has said. The latest action against shell...

REER index up in FY17

FE Online Report September 06, 2017 14:00:48

Index of Real Effective Exchange Rate (REER) of Bangladeshi currency increased to 140.32 at the end of the past fiscal year (FY17) which was 138.33 at the end of FY16, the Bangladesh Bank data reveale...

German industrial orders fall in July

Reuters September 06, 2017 12:26:46

German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday. Factories registered a 0.7 per cent drop in orders after...

Consensus on key economic issues

From Jubair Hasan in Xiamen, China September 06, 2017 10:50:41

A three-day long BRICS Summit came to an end on Tuesday reaching consensus on some key economic issues that leaders believe will make voices of the developing countries much stronger in the globalised...

Govt set to revise GDP base year

-- September 06, 2017 10:03:49

The government is going to rebase and revise the GDP year to 2015-16 from the existing 2005-2006, incorporating many more emerging areas of economic activities into the calculation of economic output....

BD performance in financial inclusion not impressive: survey

Jasim Uddin Haroon September 06, 2017 09:46:47

Bangladesh lags behind neighbouring India and Pakistan in attaining financial inclusion of people from various social strata, according to a survey.   The country ranked 19th, scoring 66 in the...