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Search results for: economy

ADB projects 8.0pc GDP growth in FY20

-- September 25, 2019 17:48:12

The Asian Development Bank (ADB) on Wednesday projected 8.0 per cent GDP growth in Bangladesh in the current fiscal year indicating that the country will continue as the fastest growing economy in Asi...

Malaysia's leading index shows brighter economic outlook

-- September 25, 2019 15:54:45

Malaysia's leading index has signalled a brighter economic outlook in November 2019 until January 2020, according to official data released Wednesday. Malaysian Statistics Department said in a statem...

Dhaka requests Beijing to expedite processing of projects

MIR MOSTAFIZUR RAHAMAN September 25, 2019 10:13:48

Dhaka has recently requested Beijing to accelerate processing of documents of eight projects, which were planned to be implemented with Chinese grant assistance. The projects are yet to be started be...

New Zealand removes tax barriers for economic development

Xinhua September 24, 2019 14:08:15

New Zealand government removed two kinds of taxes to support local companies for a more productive, sustainable, and inclusive development on Monday. As part of the release of the government's econom...

How open is Bangladesh economy?

Siddique Islam September 24, 2019 10:06:19

The Bangladesh economy's degree of openness has seen a mixed trend in the last 10 years as economic expansion outstripped foreign trade rise. Bangladesh's trade-GDP ratio reached 46.30 per cent durin...

Japan to cut rate on BD loans from Oct

FHM Humayan Kabir September 24, 2019 09:56:45

Japan is likely to reduce the interest rate on its lending to Bangladesh by 0.30 percentage points to 0.65 per cent from next month (October), officials said on Monday. In October 2017, the Japan Int...

BD sixth highest recipient of remittance from UAE

FE Online Desk September 23, 2019 15:42:51

Bangladesh became the sixth highest recipient of remittance from the United Arab Emirates in the first half of 2019. The Bangladeshi expatriates made up 3.7 per cent of earnings made by migrants in t...

Real estate, housing sector's share in GDP 7.8pc: Survey

FE Online Report September 23, 2019 15:17:47

The real estate and housing sector contributes 7.8 per cent or Tk 1.415 trillion of the country's gross domestic product (GDP), according to a survey of the Bangladesh Bureau of Statistics(BBS). The...

S Korea's ICT export posts double-digit fall in August

-- September 23, 2019 13:15:33

South Korea's export of information and communications technology (ICT) products fell in double digits last month on weak demand and lower product price, a government report showed Monday. The ICT ex...

TIB hails Beximco contribution to nat’l economy

FE Online Desk September 23, 2019 13:07:56

Transparency International Bangladesh (TIB) has commended Beximco Group, one of leading business conglomerates in the country, for its contribution to the national economy. The Bangladesh chapter of...

BB drafts law to check counterfeit currency

Doulot Akter Mala September 22, 2019 10:35:09

The central bank has prepared the draft of a first-ever law designed to prevent production, supply and use of counterfeit currency. The draft proposes the maximum life-time imprisonment for the offen...

A big fiscal splash still a step too far for Europe

-- September 21, 2019 14:31:44

Prodded by worries about the worst global economic outlook in a decade and electorates still smarting from years of austerity, euro zone governments are starting to loosen their budgetary purse string...

Germany plans €54 billion climate deal

-- September 21, 2019 13:03:08

Chancellor Angela Merkel's coalition government has agreed to set a price on carbon emissions in a bid to meet a 2030 climate target of cutting greenhouse gases by 55.0 per cent on 1990 levels. The p...

Global growth to hit 11-year low: OECD

-- September 20, 2019 14:07:21

The Organization for Economic Cooperation and Development (OECD) has predicted further slowdown in the global economy this year and in 2020, citing escalating trade tension and high policy uncertain...

Supply chain finance: Call to craft policy guidelines

FE Report September 20, 2019 10:58:34

Bankers and experts on Thursday called for framing a comprehensive policy guideline for supply chain financing, saying it could help develop smaller firms. They said Bangladesh Bank (BB) should form...

IMF’s panacea to retain trust in banking system

Siddique Islam September 20, 2019 10:07:36

The International Monetary Fund (IMF) has suggested the regulatory authorities adopt a comprehensive timely action plan to help maintain confidence in the banking system. It has recommended that the...

Outbound travel rises but tax receipts drop

Doulot Akter Mala September 20, 2019 10:06:39

Travel tax collection slipped by almost 8.0 per cent during the last fiscal year, despite a surge in the number of outbound passengers from the country. The National Board of Revenue (NBR) collected...

BOJ holds rate amid global uncertainties

-- September 19, 2019 14:48:42

The Bank of Japan (BOJ) has voted to leave its ultra-easy monetary policy unchanged at the conclusion of its two-day policy-setting meeting. The central bank on Thursday took the decision despite a n...

Find funds from other sources for power dev work: Nasrul

FE Report September 19, 2019 10:43:28

State minister for power, energy and mineral resources Nasrul Hamid has asked state-run power entities to find alternative finances instead of government funds to accomplish development work. They sh...

IMF projects GDP growth rate at 7.6pc

FE Report September 19, 2019 10:13:53

The International Monetary Fund (IMF) projected that the economy of Bangladesh would grow 7.6 per cent in fiscal year (FY) 2019-20. The IMF projected the GDP growth rate at 8.0 per cent for FY 2018-1...

Canada posts budget deficit of $10b in FY2018-19

-- September 18, 2019 12:50:39

Canada ended the fiscal year 2018-2019 with a deficit of 14 billion Canadian dollars (10.6 billion US dollars) on March 31, said the Finance Department Tuesday. In fiscal year 2017-2018, Canada saw a...

Changes in laws to put lid on SoCBs’ NPL buildup

FE Report September 18, 2019 10:33:44

Finance Minister AHM Mustafa Kamal said on Tuesday they would bring necessary changes in the existing laws to prevent possible buildup of bad loans in the state-owned commercial banks (SoCBs). He sai...

Ecnec approves eight projects involving Tk 89.68b

-- September 17, 2019 14:04:45

The Executive Committee of the National Economic Council (Ecnec) has approved eight projects involving Tk 89.68 billion. The approval came from the Ecnec meeting held at the NEC conference room with...

ADB President Takehiko Nakao announces resignation

Xinhua September 17, 2019 13:52:42

Takehiko Nakao announced his resignation on Tuesday as the president of the Asian Development Bank (ADB), effective Jan. 16, 2020. Nakao assumed office as the bank's president on April 28, 2013.

US reaches trade deals with Japan

Reuters September 17, 2019 13:23:39

US President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariff...

Govt to import 1.4m mts petroleum for H2

-- September 17, 2019 11:02:10

The government will import 1.4 million metric tonnes of refined petroleum for a six-month period (July-Dec) of the current year from seven state-owned companies of six countries through negotiations....

Credit flow to new SMEs dries up

Siddique Islam September 17, 2019 10:52:34

Credit flowing to new small entrepreneurs fell significantly in the first-half of the year as risk-averse bankers were unwilling to offer such loans. The total lending to the fresh small and medium...

'Competition law to boost GDP'

FE Report September 16, 2019 10:04:02

Chairperson of the country's Competition Commission Abdur Rouf said on Sunday the practice of competition will help raise gross domestic product (GDP) by 2.0-3.0 per cent a year. In theory, the compe...

Pound climbs to highest level since July

-- September 15, 2019 16:33:47

The pound has hit its highest level against the dollar since July in Britain amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1 per cent on Friday to over $1.24 against the dolla...

BD to attract $10b investment from UAE

FE Online Desk September 15, 2019 12:29:06

A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel today (...