Search results for: economy

Mahathir for opening up BD worker recruitment to all agencies

-- August 14, 2018 20:18:22

The Malaysian government wants to open up the recruitment of workers in Bangladesh to all agencies to break the monopoly on the business and reduce processing fees, according to a report by New Strait...

Export earnings grow by 20pc in July

FE Online Report August 14, 2018 17:32:32

Country's earnings from goods exports grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY19). A notable rise in apparel export played a role in the growth. The...

ECNEC approves Tk 8.26b livelihood programme

-- August 14, 2018 15:25:53

The Executive Committee of the National Economic Council (ECNEC) today (Tuesday) approved the ‘Improvement of Livelihood of Marginal Communities Programme’ at an estimated cost of Tk 8.261...

UK jobless rate falls to lowest since 1975

-- August 14, 2018 15:23:01

Britain’s unemployment rate fell to its lowest since 1975 during the second quarter (Q2) and productivity picked up, but wage growth slowed, official data showed on Tuesday. The number of Eur...

China's economy cools further, investment growth at record low

-- August 14, 2018 12:02:35

China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and ret...

'Huge foreign investment will come in FY19'

-- August 13, 2018 21:14:16

Planning Minister AHM Mustafa Kamal has said Bangladesh will receive huge foreign direct investment (FDI) in the current fiscal year. "The actual FDI amounting some seven to eight billion US dollars...

WB confirms $510m loan to improve secondary education

FE Online Report August 13, 2018 18:49:26

The World Bank has confirmed $510 million loan to enhance the quality and effectiveness of secondary education system of Bangladesh. Bangladesh government and the Washington-based lender signed a loa...

Bank of Israel predicts 3.5pc GDP in 2019

-- August 13, 2018 13:22:45

The Bank of Israel predicted 3.5 per cent gross domestic product (GDP) for 2019, as the economy is more inclined to export and less to private consumption. The economy appeared to be more balanced...

Singapore's Q2 GDP grows 3.9pc

-- August 13, 2018 13:04:11

Singapore's economy increased 3.9 per cent year on year in the second quarter (Q2), easing from the 4.5 per cent growth in the first quarter, the Ministry of Trade and Industry (MTI) announced on Mond...

Dhaka-Ctg Expressway project: Cost soars to Tk 335b for huge land acquisition

Munima Sultana August 13, 2018 10:59:42

The projected high spending for land acquisition has propelled the cost of Dhaka-Chittagong Expressway project to Tk 335 billion. The cost for land acquisition in the project is 68 per cent higher...

Bangabandhu’s killing hit ‘economic take-off’

FE Report August 13, 2018 10:11:21

Participants at a seminar in the city on Sunday recalled the unparalleled role of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in the development of the country's economy until the last mome...

BDT depreciation set to fuel external debt stocks

Jasim Uddin Haroon August 13, 2018 09:24:59

The local currency's depreciation against dollar is set to raise external debt stocks and interest payments largely, according to economists. According to economics parlance, taka's depreciation agai...

Padma bridge may miss deadline

FHM Humayan Kabir August 12, 2018 09:58:33

Slightly over two-fifths of physical work of the Padma bridge project was completed until last fiscal, although its execution deadline will end in December, officials said. Officials said they were l...

China auto imports jump on new tariff rates

-- August 11, 2018 14:04:44

China's imports of automobiles jumped 72 per cent to 7.38 billion dollars in July after lower tariff rates went into effect, data from the General Administration of Customs showed. According to th...

Outbound jobs drop by 24 per cent

FE Report August 11, 2018 10:11:54

The country's overseas employment dropped by more than 24 per cent in last seven months compared to that of the corresponding period last year. According to the data available with Bureau of Manpower...

Ratio of BD's black economy slipping, says IMF paper

Asjadul Kibria August 11, 2018 10:05:10

The ratio of the shadow economy in Bangladesh in terms of the Gross Domestic Product (GDP) has been declining for more than one decade. Shadow economy, also known as the black economy, means all econ...

UK economy picks up some speed, Brexit hurdles ahead

-- August 11, 2018 00:41:40

Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than...

Japan Q2 GDP expands annualised 1.9pc

-- August 10, 2018 12:51:10

Japan's economy expanded at an annualised rate of 1.9 per cent in the April-June quarter (Q2), government data showed Friday. The preliminary data released by the Cabinet Office revealed that Japan's...

$350m ADB assistance for Rohingya rehabilitation, education, power

FE Online Report August 09, 2018 17:59:17

The Asian Development Bank (ADB) will provide US$350 million assistance to Bangladesh for Rohingya rehabilitation, education, and power sector development. The Manila-based lender will provide $100 m...

India's rural-urban mobile ownership gap is worse than Bangladesh

-- August 09, 2018 12:01:54

India has nearly one billion phone users and yet there is a wide gap between the ownership of mobiles in the country, according to report published on India Today. According to a report by a Sri Lank...

‘$44b export target set for FY19’

-- August 08, 2018 18:24:12

Commerce Minister Tofail Ahmed on Wednesday said the government has set an export target of US$44 billion for fiscal 2018-19 (FY19). “Of the total, $39 billion is targeted for goods export whil...

Bangladesh sending caregivers to Japan

-- August 08, 2018 17:30:33

Bangladesh is going to send caregivers to Japan for the first time this year opening a new opportunity of remittance inflow. A total of seven women aged between 18 and 23 years are taking final train...

‘No changes’ to yield rates of savings tools before next election

FE Report August 08, 2018 14:50:14

Finance Minister AMA Muhith has ruled out the possibility of reducing the yield rates of state-run savings instruments before the upcoming national elections. "We are not making any changes to the...

US finalises $16b China tariff list

-- August 08, 2018 12:44:14

The United States will begin collecting 25 per cent tariffs on another $16 billion in Chinese goods on Aug. 23, the US Trade Representative’s office said on Tuesday as it published a final tarif...

Country in the grip of ‘twin deficits’

Jasim Uddin Haroon August 08, 2018 09:59:14

Fiscal deficits in developing economies including Bangladesh have direct impact on the current account imbalance, reflecting the 'twin-deficits'. This new relationship was found in the latest study c...

Govt to acquire 500 acres more land for Araihazar Economic Zone

-- August 07, 2018 19:29:35

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a revised project to acquire additional 500 acres of land for Araihazar Economic Zone in Narayanganj following the...

11 development projects get ECNEC nod

FE Online Report August 07, 2018 19:06:48

The government on Tuesday approved 11 development projects including the smart electricity bill prepaid meter installation project at a total cost of Tk 64.48 billion.     The approval...

Inflation dips slightly in July

FE Online Report August 07, 2018 19:00:42

The point-to-point inflation rate dropped by 0.03 percentage point in the first month of the current fiscal (FY19), according to the official data. As per Bangladesh Bureau of Statistic (BBS) data, u...

BB to release new notes from August 13

FE Online Report August 07, 2018 18:39:54

Bangladesh Bank (BB) will release new currency notes for Taka 10, 20, 50 and Taka 100 in the market from August 13 ahead of Eid-ul-Azha. A press release issued by the central bank said, the new notes...

Inward remittances may cross $17 billion this fiscal: BB

Siddique Islam August 07, 2018 10:37:45

The central bank expects the overall inward remittance to cross the $17 billion mark by the end of fiscal year (FY) 2018-19. Multiple moves are already in place to spur inflows. "We've estimated c...