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Search results for: economy

Govt allocates Tk 4.65b for giving loan without interest to rural people

-- September 08, 2019 20:34:03

The government has allocated around Taka 4.65 billion for giving loan without interest to the insolvent and disabled people in villages under the Rural Social Service (RSS) programme in the country....

China's August forex reserves rise to $3.1072 trillion

Reuters September 08, 2019 15:43:24

China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States. The country&rs...

BD reaching danger level of income inequality: Economists

FE Report September 08, 2019 10:33:33

Economists made on Saturday an urgent call for measuring growth with equity as Bangladesh is reaching the danger level of income inequality. Alongside a uniform and quality education system at all le...

Fourth South Asia Economic Network Conference kicks off

FE Online Report September 07, 2019 19:57:44

The Fourth South Asia Economic Network Conference started at BRAC Centre Inn in the capital on Saturday. South Asian Network for Economic Modelling (SANEM), South Asia Economic Policy Network and The...

ADB workshop on “Northeast Bangladesh Economic Corridor Development” Sunday

FE Online Desk September 07, 2019 12:59:38

A consultation workshop on “Northeast Bangladesh Economic Corridor Development” will be held in Dhaka on Sunday.   Mr. A H M Mustafa Kamal, Finance Minister and Mr. Muhammad Abdul M...

CPD confce on BRI Sunday

FE Online Desk September 07, 2019 12:40:10

The Centre for Policy Dialogue (CPD) will hold an international conference on 'Belt and Road Initiative : Positioning Bangladesh within comparative perspective' on Sunday. Nurul Majid Mahmud Humayun,...

MF-CIB to check micro loan applications, charge fees

Ismail Hossain September 07, 2019 10:14:00

From now on, loan applications of the country's micro borrowers will be examined by the Microfinance Credit Information Bureau (MF-CIB), according to the entity's draft guideline. The MF-CIB may...

China lowers tax rate on heavy rare earths to support industry

Global Times September 06, 2019 18:24:18

The Ministry of Industry and Information Technology has formalised a new law that reduces the resource tax on heavy rare earths from 27 per cent to 20 per cent, a move that analysts said shows China's...

Australia’s underpowered tech industry could boost economy: report

Xinhua September 06, 2019 18:09:04

With proper investment, Australia’s technology sector could give the country’s economy a much needed boost, according to a report released on Thursday by economic advisory group AlphaBeta....

Move to procure 10,000 electronic devices to check VAT evasion

-- September 06, 2019 17:22:50

The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. S...

India's economy suffers car crash, pain spreads to villages

Reuters September 05, 2019 11:47:59

The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi's southern outskirts, would usually be packed on Sundays with migrant workers employed at the nea...

BoC keeps key interest rate unchanged

-- September 05, 2019 11:23:08

The Bank of Canada (BoC) on Wednesday announced it kept interest rate at 1.75 per cent as it gauged the extent of the damage that deepening trade conflicts have had on the domestic and global economie...

Overall economic achievements remain below true potentials

FE Report September 05, 2019 11:01:52

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has listed inadequate infrastructure, lack of investors' confidence, and shortage of power and energy as major impediments to the countr...

MCCI fears 6.0pc inflation in Sept

FE Report September 05, 2019 10:28:10

A spike in inflationary pressure is projected for September on the back of a rising trend in the prices of key commodities in the international market. Metropolitan Chamber of Commerce and Industry...

Idle fund: Soaking it up to stop misuse, says kamal

FE Report September 05, 2019 10:16:48

Finance Minister AHM Mustafa Kamal defended on Wednesday the government's move to transfer idle money of state entities to the public exchequer, saying that it was intended to stop misuse of fund. "M...

IMF pushes for enforcement of regulations

Siddique Islam September 05, 2019 10:08:13

The International Monetary Fund (IMF) has emphasised strict enforcement of regulations to ensure stability of the financial sector in Bangladesh. It also recommended that the policymakers take effect...

PM to inaugurate IORA summit Thursday

-- September 04, 2019 13:45:09

Prime Minister Sheikh Hasina is scheduled to inaugurate the Indian Ocean Rim Association (IORA) Blue Economy Ministerial Conference (BEC-III) on Thursday. Member States of IORA will discuss ways to p...

Future lies in building tech, knowledge-based society: BIDA EC

FE Report September 04, 2019 10:54:31

The country should focus on increasing investment to establish a knowledge- and technology-based society, so that it can cope with the upcoming challenges, said Kazi M Aminul Islam, outgoing executive...

Aug inflation declines marginally

FE Report September 04, 2019 10:47:50

The point-to-point inflation rate has declined by 0.13 percentage point to 5.49 per cent in August, compared to the previous month, official data showed. The fall in inflation rate is due to a drop i...

NPL buildup, high cost of fund remain major potential risks: Study

FE Report September 04, 2019 10:45:08

The country's banking sector is now moderately competitive and stable. But, there are some potential risks for the sector, including further increase in the volume of non-performing loans (NPLs), inso...

ICCB stresses FDI for sustainable economic development

-- September 03, 2019 17:53:37

Foreign direct Investment (FDI) has long been the most viable method of wealth and technological transfer between the developed and developing countries in the world. FDI has an important role to pla...

Malaysia's manufacturing PMI drops in August

-- September 03, 2019 14:50:57

Malaysia's manufacturing Purchasing Managers' Index (PMI) fell to 47.4 in August from 47.6 in July. IHS Markit who compiled the survey said in a statement, the PMI is broadly indicative of annual Gro...

Remittances top $3.0b in August

FE Report September 03, 2019 10:51:47

Money sent home by expatriate Bangladeshis amounted to over US$3.0 billion in the two months to August, boosted by increased flow on the occasion of Eid-ul-Azha. The flow of remittances rose by nearl...

'BD remains in top since 2009 in attaining GDP growth'

-- September 02, 2019 17:13:26

Finance Minister AHM Mustafa Kamal on Monday said Bangladesh remains in top position in attaining GDP growth compared to other countries in the world over the last 10 years since 2009 under the curren...

Argentina imposes currency controls to support economy

-- September 02, 2019 11:43:59

Argentina has imposed currency controls in a bid to stabilise markets as the country faces a deepening financial crisis. The government will restrict foreign currency purchases following a sharp drop...

FICCI for research-based sound policy changes

FE Report September 02, 2019 10:43:42

Raising concern over unpredictable policymaking, foreign investors on Sunday said any change in the policy should be based on comprehensive research. They said any policy change made through wrong an...

Higher interest rate naturally creates loan defaulters: PM

UNB September 01, 2019 16:24:23

Prime Minister Sheikh Hasina on Sunday said the government has taken steps to bring down the interest rate of bank loan to a single digit in all banks, noting that higher interest rate naturally creat...

South Korea August exports fall for ninth month

-- September 01, 2019 12:25:01

South Korea’s exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed o...

China rises to top engine of global economic growth in 70 years

Xinhua August 31, 2019 17:25:24

China has ranked first in terms of contribution to global economic growth since 2006, becoming the leading engine of world economic growth, an official report said Thursday. In the past 70 years, Chi...

India's GDP growth hits six-year low

Reuters August 31, 2019 10:10:01

India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutt...