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Search results for: economy

ECNEC clears two new MRT projects involving Tk 940b

-- October 15, 2019 16:01:24

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved two mega MRT projects -- Dhaka Mass Rapid Transit Development Project (Line-1) and Dhaka Mass Rapid Transit Develop...

China further opens up banking sector to foreign investors

Xinhua October 15, 2019 14:54:17

China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations. Revisions to the regulations on foreign-invested insurance and banking fir...

Made in Bangladesh event in Qatar on Dec 10-12

FE Online Report October 14, 2019 20:40:48

A three-day exhibition of Bangladeshi products is going to kick off in Qatar on December 10 with the aim to strengthen local trade and investment with the host country. The ‘Bangladesh Forum Qa...

Banerjee, Duflo, Kremer win Nobel Prize in economics

-- October 14, 2019 16:41:29

Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics of this year on Monday for research on alleviating global poverty. Indian-born Abhijit Banerjee is an Ameri...

Singapore's GDP growth for Q3 remains at 0.1pc on year

-- October 14, 2019 14:05:11

Singapore’s Ministry of Trade and Industry has announced that based on advance estimates, the country's Gross Domestic Product (GDP) for the third quarter of 2019 grew 0.1 per cent year on year....

China sees steady growth in trade with B&R countries

Xinhua October 14, 2019 13:50:35

China's trade with countries along the Belt and Road (B&R) posted robust growth in the first three quarters of this year, official data showed Monday. Trade with B&R countries totalled 6.65 t...

Javid plans to deliver first post-Brexit budget on Nov 6

Reuters October 14, 2019 13:06:57

British finance minister Sajid Javid said on Monday he planned to deliver the first post-Brexit budget statement on November 6, less than a week after the country’s deadline for leaving the Eu...

Vietnam to post economic growth of 6.6pc in 2019: WB

Xinhua October 13, 2019 17:24:46

Vietnam's gross domestic product (GDP) expansion is projected to decelerate from 7.1 per cent in 2018 to 6.6 per cent in 2019, due to slower export growth and weaker agricultural production growth, ac...

Banking sector needs urgent reformation: Speakers

-- October 12, 2019 18:07:32

Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented th...

Canada's Conservatives pledge to balance budget

-- October 12, 2019 16:00:46

Canada’s opposition Conservatives on Friday promised to balance the budget in five years without slashing government jobs if they win an election this month, but the ruling Liberals insisted the...

Govt opts for costlier WB loans

FHM HUMAYAN KABIR October 12, 2019 09:59:32

The government is going to take out US$1.87 billion in costlier loans from the World Bank (WB) to implement six projects, officials said. The decision on securing the hard-term loans from the bank's...

BD to become self-sufficient in egg production in FY20

FE Online Report October 11, 2019 18:08:46

The country is going to be self-sufficient in egg production this financial year (FY20) with an expected output of 17.81 billion eggs, according to the government.The egg sector’s turnover is li...

Current account returns to green zone

SIDDIQUE ISLAM October 11, 2019 10:07:34

The country's trade gap with the rest of the world narrowed during the first two months of the current fiscal year, aided by a surplus in current account balance. Negative growth in both export and i...

WB warns of curtailing BB autonomy

FE REPORT October 11, 2019 09:52:31

After projecting lower growth rate, the World Bank (WB) has said curbing the central bank's autonomy poses risk to the economy. "Reform reversals such as easing of loan classification standards, ceil...

Outlook for Chinese banks stable: Moody's

Xinhua October 10, 2019 16:55:07

Global credit rating agency Moody's has maintained its stable outlook for the Chinese banking system, citing stable liquidity and adequate capitalisation. Accommodative government policies will suppo...

WB predicts 7.2pc GDP growth for FY 2019-20

FE Online Desk October 10, 2019 13:19:14

The World Bank has forecast a growth of the country's gross domestic product (GDP) at 7.2 per cent for 2019-20 fiscal year. The financial institution made the projection in statement on its website s...

Sour loans could derail growth momentum: BB

Siddique Islam October 10, 2019 10:07:05

Managing higher troubled loans and tight liquidity condition on the domestic front alongside external challenges are likely to pose downside risk to the growth momentum, the central bank has said. Th...

IMF's new head warns of 'painful Brexit'

BBC October 09, 2019 18:23:48

The new head of the International Monetary Fund has warned that Brexit in whatever form will be "painful", adding to the effects of a global slowdown. Kristalina Georgieva said the split will hurt no...

GDP growth rate likely to reach targeted 8.20pc in FY20: BB

FE Online Report October 09, 2019 13:06:30

Bangladesh Bank is expecting that the growth rate of the country’s Gross Domestic Product (GDP) will achieve 8.20 per cent target in the current fiscal year (FY20). The Bangladesh Bank Quarterl...

Singapore overtakes US as most competitive economy

FE Online Report October 09, 2019 12:49:33

Singapore is the world’s most competitive economy now, according to the Global Competitiveness Index 2019 released today. Singapore overtookd the United States (US) which fell to second place i...

Moderate optimism on improvement of business environment

FE Online Report October 09, 2019 12:15:42

Problems in the banking sector will have significant adverse impact in the country’s domestic businesses, according to the majority of the businessmen and entrepreneurs surveyed by a local think...

Bangladesh to seek better terms for Chinese financing

MIR MOSTAFIZUR RAHAMAN October 09, 2019 10:28:48

Bangladesh will seek relaxation of the terms and conditions of Chinese financing and a revision of the list of China-funded projects at the first meeting of the 'Bangladesh-China Working Group on Inve...

Japanese cos showing greater interest in BD

UNB October 08, 2019 13:04:52

Bangladesh’s continuous efforts to improve infrastructural facilities and the ease of doing business will encourage Japanese companies to invest in Bangladesh in a bigger way, says a top Japanes...

Drop in German industrial orders adds to recession signs

-- October 07, 2019 13:15:41

German industrial orders fell slightly more than expected in August on weaker domestic demand, data showed on Monday, adding to evidence that a manufacturing slump is pushing Europe’s largest ec...

CPD to launch BD Business Environment Study

FE Online Desk October 07, 2019 13:14:53

The Centre for Policy Dialogue (CPD) will release the Global Competitiveness Report 2019 (GCR 2019) and present the findings of the Bangladesh Business Environment Study 2019 (whic...

'Honorarium' culture eats up sizeable funds of projects

FHM HUMAYAN KABIR October 07, 2019 09:59:32

The government agencies are spending a sizeable amount of taxpayers' money every year offering 'honorarium' to the participants of project meetings, defying Prime Minister's order, officials said. Th...

Bangladesh now glittering in international index, finance minister says

BSS October 06, 2019 18:37:49

Finance Minister AHM Mustafa Kamal has said that Bangladesh is now glittering in the international index of trade and commerce as the country had been on the peak of successes in social indexes for th...

China’s infrastructure investment reports faster growth

-- October 06, 2019 13:27:39

China's infrastructure investment rose 4.2 per cent year on year in the first eight months of 2019, according to the National Bureau of Statistics (NBS). The growth rate was 0.4 percentage points hig...

Jamalpur Economic Zone ready for factory building

BSS October 04, 2019 20:41:23

The interested investors can start setting up industrial units in Jamalpur Economic Zone (JEZ) as all development works have almost been completed.  “Land development works will be complet...

IMF focuses five issues for sustainable growth of BD

BSS October 04, 2019 17:32:10

The International Monetary Fund (IMF) has prioritised five issues to sustain Bangladesh’s economic growth and ease transformation to higher middle income country from the present position. &ldq...