Loading...

Search results for: economy

BFIU beefs up steps to cut trade-based capital flight

Siddique Islam August 10, 2019 09:41:32

Bangladesh has initiated a coordinated effort to battle trade-based money laundering, thus mitigating the risks of frauds and forgeries in the banking sector, officials said. Trade-based money launde...

China's foreign trade up 4.2pc in first seven months

Xinhua August 09, 2019 17:56:21

China's foreign trade of goods rose 4.2 per cent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion U.S. dollars), customs data showed Thursday. Exports i...

China mild inflation provides leeway for economic restructuring

Xinhua August 09, 2019 17:37:55

China's consumer prices stayed elevated in July, fueled by higher fruit and pork prices, while factory price inflation dropped year on year, showing that overall inflationary pressures remain under co...

Japan’s economy grows 1.8pc in April-June

-- August 09, 2019 13:52:03

Japanese government data is showing Japan’s economy grew at a better-than-expected 1.8 per cent seasonally adjusted annualised rate during the April-June quarter on healthy consumer spending and...

Trade war escalation nudges US closer to recession: Poll

Reuters August 09, 2019 10:53:41

The recent escalation in the US-China trade war has brought forward the next US recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again...

Savings tools: Govt's net borrowing rises 7.0pc in FY '19

FE Report August 08, 2019 11:01:29

The government's net borrowing through savings tools was 7.0 per cent more in financial year 2018-19 compared to that of the previous fiscal year (FY). According to data from the state-run Department...

Export target set at $54b

FE Report August 08, 2019 10:05:01

The government has targeted $45.50-billion earnings from merchandise exports in fiscal year (FY) 2019-20, projecting 12.25 per cent growth over that of the last fiscal. It has also set an additional...

Home ministry to buy Tk 2.0b data interceptor

FE Report August 08, 2019 10:04:28

The government approved the procurement of another vehicle-mounted data interceptor for the ministry of home affairs under the direct purchase method. The cabinet committee on economic affairs gave t...

China's agriculture sector sees rapid growth over past 70 years

Xinhua August 07, 2019 18:09:20

China's agriculture sector has seen rapid growth over the past 70 years, with grain output expanding 4.8 times, according to a report from the National Bureau of Statistics (NBS). China's grain outpu...

MPS has set the lower private sector credit growth target: IBFB

FE Online Desk August 07, 2019 17:16:31

International Business Forum of Bangladesh (IBFB) said the Monetary Policy Statement (MPS) has set the lower private sector credit growth target which will affect the industrial production and employm...

Malaysia int'l reserves rise marginally to $103.9b

Xinhua August 07, 2019 15:41:55

Malaysia's central bank Bank Negara Malaysia has said that its international reserves stood at 103.9 billion US dollars as of July 31. The reserves were 0.6 per cent higher compared with $103.3 bil...

Mannan warns on third-time revision of dev projects

FE Report August 07, 2019 10:28:19

The Planning Commission (PC) is going to be tough on the public agencies which revise their development projects repeatedly. Planning Minister MA Mannan warned on Tuesday the public agencies which ar...

US plan to contain China’s rise would end in failure: Experts

Global Times August 06, 2019 17:40:36

Washington's plans to contain China's economy would end in failure and the price to be paid by the US will far exceed its imagination as it provokes a massive trade war, Chinese experts warned on Tues...

US service sector growth hits three-year low

-- August 06, 2019 14:25:16

The US non-manufacturing sector in July expanded at the slowest pace in nearly three years, the Institute for Supply Management (ISM) has said. The non-manufacturing index (NMI), which gauges the per...

BD sees boom in remittances ahead of Eid

FE Online Desk August 06, 2019 14:06:16

Bangladeshi expatriates sent home 1.56 billion US dollars in July, the first month of the current 2019-20 fiscal year, a central bank official has said. This amount is up by 21.20 per cent from $1.32...

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala August 06, 2019 10:24:51

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package. The...

Authorities meet on 2.0pc incentives for remitters

FE Report August 06, 2019 10:06:05

Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the ban...

Borrowing limit from call money market to increase from September

-- August 05, 2019 19:24:43

The Bangladesh Bank has increased the borrowing limit from inter-bank call money market. Financial institutions can borrow maximum 40 per cent of their equity from September 1, 2019, according to a B...

Taiwan July exports seen stable

-- August 05, 2019 14:13:15

Taiwan’s exports likely rose 0.5 per cent in July from a year earlier, logging a second straight month of growth, according to the median forecast of 15 analysts polled by Reuters. The island&r...

'BB circular soon for implementing single-digit interest rates'

-- August 04, 2019 21:25:48

The Bangladesh Bank will issue a circular immediately asking the scheduled banks to ensure single-digit interest rates on both lending and deposit. Finance Minister A H M Mustafa Kamal made the annou...

Lower private sector credit growth to hit investment: FBCCI

FE Report August 04, 2019 10:50:12

The country's apex chamber on Saturday said the central bank's lower private credit growth target would impact investment, especially in smaller firms. In its reaction to the latest Monetary Policy S...

Projects languish as WB aid for B'desh withers

FHM Humayan Kabir August 04, 2019 09:54:01

At least 10 projects have been suffering from the implementation delays as the World Bank's fund meant for Bangladesh has dried up, officials said. The officials said the Washington-based lender has...

Indonesia’s economy likely to grow 5pc in Q2

-- August 02, 2019 14:44:12

Indonesia’s economic growth likely to grow 5.0 per cent in the second-quarter (Q2) as soft commodity prices and weakening global trade continued to hurt exports, a Reuters poll showed on Friday....

NBR forms committee to make list of eligible items

Doulot Akter Mala August 02, 2019 10:27:16

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exempt...

Poor regulations cost 20pc of GDP: Expert

FE Report August 02, 2019 10:04:56

Bangladesh loses at least 20 per cent of its gross domestic product (GDP) for poor regulations, a regulatory reform expert said on Thursday. "Bangladesh is suffering from low level of regulations a...

BASIC Bank: Kamal threatens to fold losing branches

FE Report August 02, 2019 10:01:27

Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender. As the scandal-hit bank is struggl...

BD likely to become second largest recipient of Japanese assistance

-- August 01, 2019 22:49:58

Bangladesh is likely to be the second largest recipient of Japanese assistance after India in the current Japanese fiscal year which starts from April 01. In last Japanese fiscal, Bangladesh was the...

Trump tariffs ‘backfiring’ on US economy

-- August 01, 2019 13:58:55

US President Donald Trump’s trade war with China is backfiring and impacting the US economy, according to his former chief economic adviser. The tariff battle has had a “dramatic impact&r...

Dev sans inclusiveness meaningless: Dr Rizvi

FE Report August 01, 2019 12:43:27

The international affairs adviser to the prime minister, Dr Gowher Rizvi, said on Wednesday the country's achievement would be meaningless without inclusive growth. "Whatever we've achieved doesn't c...

BD seeks more British investment

-- August 01, 2019 12:13:04

Finance Minister AHM Mustafa Kamal has said more British companies should come up with more investment to Bangladesh and take advantage of its young and growing population. He said Bangladesh needs...