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Search results for: economy

Advance Tax puts importers in a tight spot

FE Report July 13, 2019 09:38:53

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when...

Singapore's decade-low growth triggers recession warning

-- July 12, 2019 18:20:22

Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed on Friday, raising bets that a technical recession and monetary policy easing could...

Call for FTA with KL to boost trade

Siddique Islam, from Kuala Lumpur July 12, 2019 12:08:33

Bangladesh business leaders and experts have accentuated the signing of a free trade agreement (FTA) with Malaysia to boost bilateral trade and investment. They made the recommendation at a programme...

WB to help BD achieve middle-income status

FE Report July 12, 2019 10:01:51

The World Bank said it will continue support Bangladesh in its quest for achieving the upper-middle income country status by ensuring green growth. Chief executive officer of the global lender Krista...

Businesses, taxmen differ on corporate tax rates

Doulot Akter Mala July 12, 2019 09:51:00

Businesses and tax-officials are holding opposite views over the existing corporate tax rates, taking into consideration the country's poor tax-GDP (gross domestic product) ratio and investment scenar...

Bangladesh to form body to negotiate FTA with Malaysia

-- July 11, 2019 19:30:46

Bangladesh will form a committee to negotiate signing Free Trade Agreement (FTA) with Malaysia. The information was revealed at the ‘Showcase Bangladesh-Go Global’ at the Royale Chulan Ho...

Queen Maxima highly praises financial inclusion in BD

-- July 11, 2019 17:35:26

Visiting Dutch Queen Maxima Zorreguieta Cerruti on Thursday highly praised the expansion of financial inclusion in Bangladesh through simplification of the digital financial services. She also assure...

BB assures People's Leasing depositors

FE Report July 11, 2019 09:54:59

The central bank said as a regulator it will not shoulder the responsibility of failure on the part of the People's Leasing and Financial Services Ltd (PLFSL), which is now facing liquidation. "Liqui...

Bangladesh should further open up its economy: Joy

-- July 10, 2019 22:11:04

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy has said Bangladesh should further open up its economy for more foreign investments. “We are now living in an age of globalisation. W...

Export earnings from furniture industry witness 18.53pc growth

-- July 10, 2019 19:30:54

The export earnings from the country’s furniture industry witnessed an 18.53 per cent growth in the last fiscal year (FY19). The country bagged $74.89 million from furniture export in FY19, whi...

Trade uncertainty weighing on Asia-Pacific investment and growth

FE Online Desk July 10, 2019 12:54:15

Trade uncertainty will weigh on growth and investment in Asia-Pacific despite somewhat easier financial conditions, said S&P Global Ratings in a report published on Tuesday, titled "Asia Pacific Q...

Mexican FinMin quits with critical letter

-- July 10, 2019 11:00:37

Mexico's finance minister Carlos Urzua has quit over differences with the country's left-wing president Andrés Manuel López Obrador. In a letter, made public on his Twitter account on T...

Govt’s July-May net borrowing from savings tools up 8.0pc

Arafat Ara July 10, 2019 10:50:44

The government's net borrowing from state-owned savings instruments rose by about 8.0 per cent in the first 11 months of the just-concluded fiscal year compared to the corresponding period of the pr...

Inflation cools in FY’19 after steep increase

FE Report July 10, 2019 10:15:32

After a sharp rise, the average inflation rate fell to 5.48 per cent in the just-concluded fiscal year, the government said. The inflation rate is 0.08 percentage points lower than the government's 5...

Deficit financing: Govt borrowing beyond monthly auction

Jasim Uddin Haroon July 10, 2019 10:13:19

The government is increasingly borrowing from the banking system going beyond the regular monthly calendar of auctions. Primary dealers (PDs) said the government had borrowed money six-times over the...

Tainted money whitening offers have little effect

Doulot Akter Mala July 10, 2019 10:09:05

The existing black money whitening facility through voluntary disclosure of undisclosed income drew a poor response in the last three fiscal years (FYs), as only Tk 1.96 billion money was legalised in...

Bangladesh, Bhutan to finalise PTA to boost bilateral trade

-- July 09, 2019 20:59:58

Bangladesh and Bhutan are going to finalise the Preferential Trade Agreement (PTA) aiming to increase bilateral trade between the two countries. Outgoing Bhutanese Ambassador to Bangladesh Sonam Tobd...

ADP implementation increases in FY19

-- July 09, 2019 19:58:04

The implementation rate of the Annual Development Programme (ADP) in the last fiscal year (FY19) was 94.32 per cent with an overall expenditure of Taka 1.67 trillion. “This ADP execution in the...

Trade gap stands at $14.65b in July-May

FE Online Report July 09, 2019 16:48:36

Country’s merchandise trade deficit with the rest of the world stood at US$14.65 billion during the first 11 months of the past fiscal year (FY19). Central bank statistics, released this week,...

First ECNEC meeting of FY20 approves 13 projects

-- July 09, 2019 16:37:25

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 13 projects involving Taka 77.44 billion at its first meeting of the current fiscal year (FY 2019-20). The mee...

Malaysia central bank holds key rate at 3.0pc

-- July 09, 2019 15:34:39

Bank Negara Malaysia (BNM), the central bank of the country, kept its key interest rate at 3.0 per cent on Tuesday, as expected. The BNM kept the rate, expressing confidence that domestic demand...

Overseas jobs drop by 18pc

FE Report July 09, 2019 09:41:31

The country's overseas employment dropped by 18 per cent in the first six months of the current year following a reduction in recruitment by Middle Eastern nations, official data showed. A total of 3...

FY19 exports rise by 10.55pc, hit $40.53b

FE Report July 09, 2019 09:37:19

The country's export earnings reached an all-time high of US$ 40.53 billion in the just concluded fiscal year (FY), 2018-19, registering a 10.55 per cent growth over that of the previous fiscal, accor...

NBR to launch mobile app to prevent tax evasion

-- July 08, 2019 17:38:09

The National Board of Revenue (NBR) is going to launch a ‘mobile app’ for increasing the number of taxpayers and preventing tax evasion.  “We will make web-based software and a...

Loan rescheduling: SC extends stay on HC order

FE Online Desk July 08, 2019 14:48:53

The Supreme Court on Monday extended for two months its stay on a High Court order that halted a central bank circular providing loan defaulters with privileges. That means, the privileges that defau...

Non-merger of economic, admin cadres affects govt dev activities

FHM Humayan Kabir July 08, 2019 11:56:28

Development activities in the public sector are being hampered due to non-effectiveness of the government's order to merge administration and economic cadres of the Bangladesh Civil Service (BCS), ins...

Economists warn revenue shortfall may lead to debt trap

FE Report July 08, 2019 10:04:19

As the government spending is growing, failure in meeting the revenue targets could put Bangladesh into a debt trap, economists warned on Sunday. To avoid such unpleasant macroeconomic situation, the...

BB heist: APG pledges pressure on Manila to refund money

FE Report July 08, 2019 09:46:13

The Asia Pacific Group (APG) on money laundering has assured Bangladesh of ratcheting up pressure on the Philippines to return the heisted reserve money, officials said. The Group said had the Philip...

'Large-scale reform must to cut growing inequality'

FE Report July 07, 2019 12:50:26

Large-scale structural reform is urgently needed in income generation and distribution process to reduce growing inequality in the society, economists opined at an international conference in the capi...

Resilient Chinese economy eases anxieties brought by bleak world economic future

Global Times July 06, 2019 20:52:18

China's macroeconomy is at a critical stage as internal economic problems have emerged in the last two years. When we attempted to define the "new normal" of China's economy and chose the path to stru...