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Search results for: economy

Global renewable power capacity to rise by 50pc

-- October 22, 2019 00:31:53

Global renewable energy capacity is set to rise by 50 per cent in five years' time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Ene...

Emphasis on taxing digital commerce to tackle debt

-- October 21, 2019 18:40:28

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerc...

S Korea's export drops 19.5pc in first 20 days of Oct

-- October 21, 2019 13:48:09

South Korea's export dropped in double figures in the first 20 days of this month on the continued downturn of business cycle in the global semiconductor industry, customs office data showed Monday....

Mahathir warns of possible trade sanctions on Malaysia

Reuters October 21, 2019 10:31:05

Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war. Mahathir did n...

Thailand's 2020 budget bill passes first reading

-- October 20, 2019 12:03:25

Thailand's House of Representatives narrowly voted to approve the 2020 budget bill on Saturday. Following three days and nights debating on the 3.2 trillion baht (about 105.43 billion US dollars) bud...

‘Some banks, financial institutions facing crisis’   

FE Online Report October 19, 2019 20:07:58

Stating that some banks and financial institutions are facing crisis and navigating through difficult time, experts on Thursday said, proper monitoring, policy reforms, frequent auditing and selection...

Bangladesh to get highest assistance from WB: Finance minister

BSS October 19, 2019 16:54:09

Finance Minister AHM Mustafa Kamal has expressed his hope that Bangladesh would get its highest loan assistance from the World Bank this time.  “The World Bank is very much eager to lend a...

‘Substantial progress’ in China-US trade consultations

Global Times October 19, 2019 16:48:33

In a new round of trade consultations between China and the US held in Washington, the two sides achieved substantial progress in multiple areas, laying a significant groundwork for the signing of a p...

BEZA to launch One-Stop Service on Oct 21

FE Report October 19, 2019 11:00:48

Bangladesh Economic Zones Authority (BEZA) is set to launch its One-Stop Service on Monday with 11 categories of licences and approvals aiming to facilitate investments in the country. Investors will...

BB resumes dollar sale to banks

FE REPORT October 19, 2019 10:39:35

The central bank has restarted providing foreign exchange (forex) support to banks through selling the US dollars to them in October after one month's interval to keep the market stable, officials s...

Act promptly to fix banking ills: IMF

Siddique Islam October 19, 2019 10:16:56

The International Monetary Fund (IMF) has put forwarded a six-point recipe for Bangladesh to address its banking sector weaknesses. The recommendations include strong corporate governance, enforcing...

World finance officials facing host of problems

AP October 18, 2019 19:54:00

The leaders of the 189-nation International Monetary Fund and its sister organisation, the World Bank, are laying out their visions for the future, hoping to achieve a world with less extreme poverty...

EU leaders approve Lagarde’s ECB appointment

AP October 18, 2019 19:42:46

European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank. The former International Monetary Fund managing director will replace Mar...

China's GDP grows 6.2 pc in first three quarters

-- October 18, 2019 15:36:39

China's GDP expanded 6.2 per cent year on year in the first three quarters of 2019 to about 69.78 trillion yuan (about 9.87 trillion US dollars), data from the National Bureau of Statistics (NBS) show...

NBR cuts taxes on MS products, cement sheet

FE REPORT October 18, 2019 10:24:47

The National Board of Revenue (NBR) has reduced taxes on mild steel (MS) products, cement sheet, bidi and some other raw materials for the steel sector. Officials said the revenue board has slashed...

Ctg-Chennai-Europe shipping route opens in Nov

JASIM UDDIN HAROON October 18, 2019 10:21:07

A new strategic Chattogram-Chennai-Europe shipping route is likely to commence next month which is expected to reduce lead time. Currently, Chattogram-Colombo, Chattogram-Singapore and Chattogram-Por...

China's FDI inflow rises 6.5pc in Jan-Sep

Xinhua October 17, 2019 17:22:15

Foreign direct investment (FDI) into the Chinese mainland expanded 6.5 per cent year on year to 683.21 billion yuan in the first three quarters of the year, an official with the Ministry of Commerce (...

Concentration of income increased by 69.36pc in three decades

FE Online Report October 17, 2019 16:47:29

Share of income has concentrated and centralised among the richest groups and the distribution of income is becoming progressively unequal in the country, according to a study. The study, conducted r...

PBOC skips reverse repos

-- October 17, 2019 13:56:46

The People's Bank of China (PBOC), the central bank of the country, skipped open market operations via reverse repos on Thursday. The PBOC announced the move in a statement on its website, citing rea...

WB likely to cut global growth forecasts again

-- October 17, 2019 12:56:42

World Bank President David Malpass said the development lender will likely again downgrade its global growth outlook amid uncertainty over falling trade and investment flows. “As we look at the...

Eighth FYP set to deal with multiple challenges

FE Report October 17, 2019 12:24:48

The next eighth five-year plan (FYP) is set to deal with multiple challenges to be faced by Bangladesh after its graduation to a middle-income status in 2024. A review meeting on the apex national pl...

ADP execution drops in Q1

FE Report October 16, 2019 10:44:08

The Annual Development Programme (ADP) implementation rate fallen to 8.06 per cent in the first quarter (Q1) of the current fiscal year (FY) 2019-20. During the same period (July-September) of FY 201...

IMF projects 7.8pc growth

FE Report October 16, 2019 10:06:40

The International Monetary Fund (IMF) has forecasted a 7.8 per cent economic growth for Bangladesh in 2019. The October 2019 version of the World Economic Outlook (WEO), released on Tuesday morning i...

FDI jumps 50.71pc to $3.89b in FY'19

FE REPORT October 16, 2019 09:59:47

The net inflow of foreign direct investment (FDI) in Bangladesh increased by 50.71 per cent in the last fiscal year (FY'19), according to the latest statistics released by the central bank on Tuesday....

Bangladesh can attract Muslim tourists, state minister says

-- October 15, 2019 21:03:05

State Minister for Civil Aviation and Tourism M Mahbub Ali has said Muslim-friendly environment across the Bangladesh can be a great source to meet the growing demand of Muslim travellers. “Mus...

Inflation reaches 5.54pc in September

-- October 15, 2019 20:14:42

The general point-to-point inflation rate reached 5.54 per cent in September last from 5.49 per cent in the previous month. The information was revealed on Tuesday at the ECNEC meeting based-on the m...

ECNEC clears two new MRT projects involving Tk 940b

-- October 15, 2019 16:01:24

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved two mega MRT projects -- Dhaka Mass Rapid Transit Development Project (Line-1) and Dhaka Mass Rapid Transit Develop...

China further opens up banking sector to foreign investors

Xinhua October 15, 2019 14:54:17

China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations. Revisions to the regulations on foreign-invested insurance and banking fir...

Made in Bangladesh event in Qatar on Dec 10-12

FE Online Report October 14, 2019 20:40:48

A three-day exhibition of Bangladeshi products is going to kick off in Qatar on December 10 with the aim to strengthen local trade and investment with the host country. The ‘Bangladesh Forum Qa...

Banerjee, Duflo, Kremer win Nobel Prize in economics

-- October 14, 2019 16:41:29

Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics of this year on Monday for research on alleviating global poverty. Indian-born Abhijit Banerjee is an Ameri...