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Search results for: economy

Crop insurance under PPP likely from this FY

FE Report July 24, 2019 11:24:55

Crop insurance in haor (wetland) area might begin this fiscal year (FY), 2019-20, under a public-private partnership (PPP) mechanism, said people familiar with this development on Tuesday. In June, t...

BB increases farm loan disbursement target by 10.66pc

-- July 23, 2019 16:28:17

The Bangladesh Bank has raised the agriculture and rural loan disbursement target by 10.66 per cent for the current fiscal year (FY2019-20), compared to the immediate past fiscal year. The central ba...

Singapore core inflation hits over two-yr low

-- July 23, 2019 13:22:13

The core inflation of Singapore hit a more than two-year low in June as electricity and gas prices declined, firming bets among economists that its central bank will ease monetary policy in October....

Volume of NPL in SoBs shrinks in Q2, says Kamal

FE Report July 23, 2019 09:42:46

The volume of non-performing loans (NPLs) in the state-owned banks (SoBs) declined in the second quarter of the calendar year 2019, finance minister AHM Mustafa Kamal said on Monday quoting provisiona...

'Govt not to spare anyone involved in bank irregularities'

-- July 22, 2019 20:58:12

Finance Minister AHM Mustafa Kamal has reiterated that those who are involved in the banking sector irregularities would not be spared.  “We’re already taking steps under the existin...

Malaysia’s CPI likely to rise at record pace in June

-- July 22, 2019 14:39:27

Malaysia’s consumer prices likely rose at their fastest pace in more than a year in June, a Reuters poll showed on Monday, as the effects of tax policy changes introduced in 2018 lapsed. Inflat...

Writing off bad loans: Bankers want it to be a judgement call

Siddique Islam July 22, 2019 09:51:29

Country's top bankers Sunday proposed amending the existing loan write-off policy so that they could rid themselves of bad loans that, according to them, were not recoverable, officials said. Under t...

NBR earns Tk 24.13b through ADR in two fiscal years

-- July 21, 2019 20:29:57

The National Board of Revenue (NBR) earned Tk 24.13 billion in the last two fiscal years by disposing of some 345 revenue-related cases through the Alternative Dispute Resolution (ADR) system. Accord...

Speakers stress coordination between academicians and policy makers to achieve SDGs

-- July 21, 2019 18:29:59

South Asian Network on Economic Modeling (SANEM) SDG Centre hosted its first workshop on “Three Pillars of Sustainable Development Goals (SDGs)” on July 20, 2019 at SANEM office, Dhaka. T...

Lebanon passes ‘reforming’ 2019 budget

-- July 20, 2019 13:34:41

Lebanon’s parliament passed a “reforming” 2019 state budget on Friday, Prime Minister Saad al-Hariri said. However, the Prime Minister did not give any details on its deficit target...

Ministry sends biotechnology policy draft to cabinet soon

Talha Bin Habib July 20, 2019 10:50:25

The Ministry of Industries (MoI) has prepared a draft of the Industrial Biotechnology Policy Guidelines 2019 with an objective to explore and utilise biotechnological knowledge for ensuring due contri...

France to coordinate talks to pick next IMF chief

-- July 19, 2019 20:29:20

France will coordinate European talks on the choice of the next managing director of the International Monetary Fund with the aim to find a candidate by the end of the month. French Finance Minister...

UK budget deficit swells in Q1 of 2019/20 tax year

-- July 19, 2019 16:01:33

Britain’s budget deficit swelled in the first quarter of the tax year due to higher debt interest payments and rising spending on services, placing the public finances on a less solid footing ah...

Revenue officials greet DCs' offer with concern

FE Report July 19, 2019 09:44:44

The revenue officials have strongly opposed the recent proposal of the deputy commissioners (DCs) under administration cadre to involve them in the government's tax revenue collection process. Both B...

BOK cuts interest rate for first time in three years

-- July 18, 2019 12:12:20

The Bank of Korea, the central bank of the Republic of Korea, on Thursday cut its policy rate for the first time in three years, and shaved this year’s growth forecast to the lowest in a decade....

PFC accounts can be used to make import payment

FE Report July 18, 2019 11:43:41

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said. "….funds from PFC accounts may...

Developing Asia to meet growth outlook despite trade war: ADB

Reuters July 18, 2019 11:30:44

The Asian Development Bank said on Thursday developing Asia is on track to meet the lender’s growth expectations for this year and next, even as trade tensions between the United States and Ch...

Robust financial sector can be fourth driver of BD economy: ADB

-- July 17, 2019 19:11:26

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of t...

Singapore exports fall as electronics slump

-- July 17, 2019 11:22:55

Singapore’s exports fell more than expected in June, marking their biggest decline in six years, as the city-state struggles against tepid global demand and the Sino-US trade war. The grim trad...

Import growth 6.0pc in July-May of FY '19

FE Report July 17, 2019 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir July 17, 2019 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...

ECNEC approves eight projects worth Tk 51.42b

-- July 16, 2019 16:07:32

The Executive Committee of the National Economic Council (ECNEC) has approved eight projects involving an estimated cost of Tk 51.42 billion. Among the nine projects, the ECNEC approved Tk 26.06 bill...

Malaysia to lift moratorium on Bangladeshi workers soon

FE Online Desk July 16, 2019 11:35:58

Malaysia is expected to lift the moratorium on Bangladeshi workers next month, according to the Southeast Asian country's Human Resources Minister M Kulasegaran. "I hope we can conclude within one or...

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala July 16, 2019 09:43:32

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said. The agency, under the Prime Minister's Office (PMO), has r...

China's housing prices stabilise with slower growth rates in June: NBS

Global Times July 15, 2019 20:53:13

Property prices in China held stable in June with slower growth rates amid an ongoing crackdown on speculation in the real estate market, figures released by the National Bureau of Statistics (NBS) sh...

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

-- July 15, 2019 17:00:16

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Banglades...

China's GDP grows 6.3 pc in first half 2019

-- July 15, 2019 15:20:47

China's GDP expanded 6.3 per cent year on year in the first half of 2019 to about 45.09 trillion yuan (about 6.56 trillion US dollars), data from the National Bureau of Statistics (NBS) showed Monday....

Govt decides to take ADB loan, finally

Munima Sultana July 15, 2019 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

FE Report July 15, 2019 10:05:58

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

-- July 14, 2019 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...