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Search results for: economy

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...

Moderate US job growth expected in September

-- October 04, 2019 13:25:24

US job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid linger...

Foreign loan fuels bank liquidity

FE Report October 04, 2019 10:24:44

The growth of liquidity in the country's banking system is positively linked with the change in foreign credit flow, according to a study conducted by some researchers of the Bangladesh Bank (BB). Th...

India Economic Summit kicks off

-- October 03, 2019 11:41:20

A two-day India Economic Summit-2019 began in New Delhi on Thursday under the theme “Innovating for India: Strengthening South Asia, Impacting the World”. The World Economic Forum (WEF) i...

Govt starts giving 2.0pc incentive on remittance

-- October 02, 2019 19:50:57

Finance Minister AHM Mustafa Kamal on Wednesday said the government has started giving 2.0 per cent cash incentive on money remitted by expatriate Bangladeshis to remove the burden of increased expens...

German institutes slash GDP growth forecasts

-- October 02, 2019 14:18:01

Germany’s leading economic institutes on Wednesday slashed their growth forecasts in Europe’s biggest economy for this year and next. They blamed the weaker global demand for manufacturin...

How Bangladesh’s economic growth is stealing India’s thunder: The Indian Express

-- October 02, 2019 13:38:27

The Asian Development Bank (ADB), on its latest economic outlook update, has shown how Bangladesh, and not India, is the standout economy in terms of growth momentum in South Asia. The Indian Express,...

Q1 remittance flow rises

Siddique Islam October 02, 2019 10:44:44

The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts. The flow of...

'Higher FDI flow linked to growth momentum'

MIR MOSTAFIZUR RAHAMAN October 02, 2019 10:19:02

Bangladesh needs to strengthen its capital market so that entrepreneurs remain dependent less on financial institutions for funds, said Graham Wrigley, Chairman of CDC Group Plc, the UK government's i...

ADB provides $150m for infrastructure development of two regions

-- October 01, 2019 20:54:28

The Asian Development Bank (ADB) agreed to give $150 million as loans aiming to develop crucial infrastructure such as roads, drains and capacity in Dhaka and Khulna. To this end, ADB and the govern...

India's current account gap narrows in June quarter vs year ago

-- October 01, 2019 13:56:24

India’s current account deficit (CAD) narrowed to 2.0 per cent of gross domestic product in the June quarter of the fiscal year ending March 2020 from 2.3 per cent in the same period a year ago...

BIN update: NBR seeks curb on errant importers

FE REPORT October 01, 2019 11:05:20

The National Board of Revenue has requested the central bank to ask banks not to open letters of credit in favour of any importers who skipped updating business identity. Importers are required to re...

Aug private sector credit growth falls

SIDDIQUE ISLAM October 01, 2019 09:49:08

Private credit growth decelerated further in August as some banks had to prepare for complying with the central bank's revised advance-deposit ratio rules. Lower import growth also pushed down the pr...

Financial sector commission’s report on Modern Day Slavery launched in UN

-- September 30, 2019 19:53:41

The final report of the Financial Sector Commission on Modern Slavery and Human Trafficking was formally released at an important UN event in New York on September 27, said a press release. The Commi...

Package tour visitors to Macao drop in Aug

-- September 30, 2019 15:37:22

Package tour visitors to Macao dropped by 18.8 per cent year-on-year to 635,000 in August 2019, the special administrative region (SAR)'s statistics department said on Monday. The latest report from...

Gas, tobacco sectors: Tax revenue receipts drop in July-August

DOULOT AKTER MALA September 30, 2019 10:32:28

The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- ga...

Govt targets Tk 13.93b negative bank borrowing for Oct

Siddique Islam September 30, 2019 09:45:53

The government's net borrowing from the country's banking system is set to be negative in October, as it is scheduled to repay more than Tk 10 billion from surplus, officials said. The Ministry of Fi...