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Search results for: economy

Turkey fires c bank governor, appoints deputy

-- July 06, 2019 12:25:16

Turkey on Saturday fired its central bank governor and replaced him with the bank’s deputy governor, a presidential decree published on the official gazette showed. Murat Cetinkaya, who had b...

Luxury at the cost of development

FHM Humayan Kabir July 06, 2019 12:05:42

Many government agencies are busy constructing luxury, multi-storied office buildings with billions of taka from the development budget overlooking the priority needs, analysts said on Friday. Deve...

Soaring NPL poses downside risk to growth momentum

Siddique Islam July 06, 2019 09:43:29

Rising non-performing loans (NPLs) and tight liquidity condition on the domestic front alongside external challenges are likely to pose downside risk to growth momentum, the central bank has said. Th...

'Salt farmers to get special protection for five years'

-- July 05, 2019 18:38:50

The government will provide special protection to the salt farmers for next five years to achieve self-sufficiency in salt production. Industries Minister Nurul Majid Mahmud Humayun and State Ministe...

Record gas price spike puts squeeze on BD garment makers

FE Online Desk July 05, 2019 16:28:18

Apparel makers such as Dhaka-based Ananta Group are powering Bangladesh's economic expansion, the fastest in Asia, but a record high gas price spike threatens to derail the industry's growth, accordin...

BD among four countries to win US-China trade war

-- July 05, 2019 12:48:52

Bangladesh, Vietnam, Taiwan and South Korea are victors in the US-China trade war, according to a CNN report. Americans are buying less from China. But rather than leaning on US producers, they're av...

India unveils budget for FY 2019-20

-- July 05, 2019 12:43:23

India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in...

Tax collection faces headwinds in FY 2019

FE Report July 05, 2019 09:27:01

Tax collection faced a Tk 600 billion shortfall in the just-concluded fiscal year (FY) against the revised target, lowest in five years. The National Board of Revenue (NBR) mobilised Tk 2.22 trillion...

Australia faces 161b USD infra funding shortfall

-- July 04, 2019 15:14:11

Australia is facing a major shortfall in funding for critical infrastructure, according to a report from the Group of 20 (G20). The report found that Australia has to spend an extra 230 billion Austr...

Private sector credit growth rebounds in Ramadan

FE Report July 04, 2019 10:47:47

The private sector credit growth bounced back in May, following higher trade financing due to the holy month of Ramadan, after maintaining a falling trend in the previous seven consecutive months,...

EU-Vietnam FTA to hit BD trade hard

FHM Humayan Kabir July 04, 2019 09:27:49

Bangladesh is likely to face a severe blow to its foreign trade, as its competitor country Vietnam signed a free-trade agreement (FTA) with the European Union (EU) on Sunday, analysts said on Tuesday....

Bangladesh one of great success stories in world: US envoy

-- July 03, 2019 20:47:29

US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the great development success stories in the world. "I'm proud of w...

No VAT on sanitary napkin, NBR clarifies

-- July 03, 2019 19:52:05

The National Board of Revenue (NBR) on Wednesday said that the government has not imposed value added tax (VAT) on sanitary napkin in the national budget for the fiscal 2019-20. The central authority...

Move to improve living standard of 4.0m people in Dhaka

-- July 03, 2019 18:33:03

The United Nations Development Programme's (UNDP) in collaboration with the government of Bangladesh has launched a six-year project for improving the living standard of the capital's 4.0 million pove...

Euro zone business growth slow in June

-- July 03, 2019 16:01:01

Euro zone business activity picked up slightly in June but remained weak as a modest but broad-based upturn in the services industry offset a continued deep downturn in factory output, a survey showed...

Heat stress to guzzle output equal to 3.83m jobs in BD

FE Report July 03, 2019 10:41:04

Bangladesh is projected to lose productivity equivalent to 3.83 million full-time jobs in the year 2030 due to rise in heat stress caused by global warming, according to a latest report. By 203...

Remittances hit record $16.42b in FY' 19

Siddique Islam July 03, 2019 09:44:59

The flow of remittances grew by 9.65 per cent to a record US$16.42 billion in the just-concluded fiscal year (FY) as the exchange rate of local currency weakened against the US dollar. The figure jum...

BIMSTEC free trade deal likely this year

Mir Mostafizur Rahaman July 03, 2019 09:28:54

A free trade agreement (FTA) among the BIMSTEC countries may be signed this year, a top official of the regional grouping said on Tuesday. The BIMSTEC, which stands for the Bay of Bengal Initiative f...

'BD likely to become 25th largest economy in 10 years'

-- July 02, 2019 20:13:11

Prime Minister Sheikh Hasina has said Bangladesh is likely to become 25th largest economy globally in 10 years. “Whatever gaps or limitations that we have, we are ready to correct those. So, we...

Chamber Judge stays HC order on BB privileges for loan defaulters

-- July 02, 2019 19:50:46

The Chamber Judge of the Supreme Court on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice...

Bangladesh is safe place for investment: PM

-- July 02, 2019 18:26:45

Prime Minister Sheikh Hasina has said currently the economy of Bangladesh is stronger than any other time. The Prime Minister also described the country as a safe place for investment, according to a...

FBCCI leaders discuss investment issues with Chinese counterparts

-- July 02, 2019 17:56:38

Leaders of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Tuesday discussed ways with their Chinese counterparts to boost trade and investment between the two countries....

UAE keen to invest in food processing sector

-- July 02, 2019 16:43:54

The United Arab Emirates (UAE) wants to invest in the food processing sector of Bangladesh. The UAE Ambassador in Dhaka Saed Mohammed Al Mheiri expressed the interest on behalf of his country during...

Italy cuts budget deficit to avoid EU disciplinary action

-- July 02, 2019 15:09:00

The Italian cabinet has agreed to reduce the country's budget deficit target by 0.3 per cent in 2019 to avoid European Union (EU) disciplinary action. The measure was seen as a necessary step for the...

Confusion reigns as govt rolls out new VAT

FE Online Desk July 02, 2019 14:26:11

Nikkei Asian Review in a news article said that the new Value Added Tax (VAT) system in Bangladesh has confused both the consumers and businesses. Titled ‘Bangladesh's VAT rollout confuses cons...

NBR lifts VAT, SD on diaper, sanitary pad raw materials

FE Report July 02, 2019 10:31:32

The National Board of Revenue (NBR) has exempted Value Added Tax (VAT) and Supplementary Duty (SD) on import of raw materials for producing sanitary napkin and diaper in a bid to make their prices a...

BD, WFP working to lift rural women out of extreme poverty

-- July 01, 2019 17:04:57

The government of Bangladesh is set to reach 100,000 women with livelihood training, behaviour change education, as well as food assistance through a programme involving $72 million. The World Food P...

New VAT law finally takes effect

FE Online Desk July 01, 2019 14:52:55

The new value added tax (VAT) law has finally taken effect from the first day of the new financial year, 2019-20. In line with the announcement made by Finance Minister AHM Mustafa Kamal in the new b...

South Korea June exports tumble

-- July 01, 2019 13:28:53

South Korea’s exports posted their biggest slide in three-and-a-half years in June, data showed on Monday, denting government hopes for a pick-up in economic growth after a shocking decline in t...

Reform banking sector for budget implementation: Ibrahim Khaled

-- June 30, 2019 16:54:23

Former Bangladesh Bank Deputy Governor Khondokar Ibrahim Khaled has underscored the need for reforming the country's banking sector for proper implementation of the national budget for 2019-20 fiscal...