Search results for: economy

Firm selection for subways' feasibility study faces review

Munima Sultana June 24, 2018 11:31:16

A cabinet committee has asked the authority concerned to review the selection of an international contractor for carrying out a feasibility study on subways in the city. Sources said the cabinet comm...

China consumer prices likely to stable in H2 2018

-- June 23, 2018 16:03:23

The consumer prices in China are likely to be stable in the second half (H2) of the year, the state planner said on Saturday, amid the trade dispute with the United States. “The market in gener...

Greece debt deal not a long-term relief: Jubilee USA

FE Online Desk June 23, 2018 13:21:41

The new deal that Greece has signed with European Union does not hold enough debt relief to keep the crisis-hit country out of trouble for a long term, the Jubilee USA network has observed. Parts of...

Malaysia halts Bangladeshi worker hiring system

-- June 23, 2018 11:15:29

Malaysia has suspended the only system used to hire Bangladeshi workers after allegations surfaced that a Bangladeshi businessman with prestigious ‘Datuk Seri’ title was using it to make b...

Outflow of women migrants on rise despite workplace abuse

Arafat Ara June 23, 2018 10:05:36

The number of women workers leaving for Saudi Arabia for jobs has increased in recent months despite the fact that workplace abuse has forced many to return home. A total of 39,578 women migrants wen...

Overcrowding of prisons strains budgetary funds

Jubair Hasan June 23, 2018 09:50:35

The jail authorities are facing hardship to accommodate an increasing number of inmates, placing strains on its limited budget, officials said. This leads to financial constraints, while making it di...

Agri sector not getting its due in nat'l budget

FE Report June 23, 2018 09:36:22

The country's agriculture sector is witnessing a sluggish growth in recent years and it is inadequate to propel the targeted GDP growth, experts warned at a seminar in the capital on Friday. At the s...

Japan's core consumer prices rise 0.7pc in May

-- June 22, 2018 14:21:19

The core consumer prices in Japan gained 0.7 per cent in May from a year earlier, government data showed on Friday. According to the data from the ministry of internal affairs and communications, the...

Central bank asks NBFIs to rationalise deposit rates

Siddique Islam June 22, 2018 11:58:57

The central bank has asked the non-banking financial institutions (NBFIs) to fix the interest rates on deposits at reasonable level for ensuring stability in the country's financial sector. The advic...

Greece gets debt relief from euro zone

-- June 22, 2018 11:55:29

Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet afte...

Malaysia names new central bank governor

-- June 22, 2018 10:52:45

Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, following the exit of its prev...

BD for greater connectivity with India

-- June 21, 2018 18:40:09

Bangladesh High Commissioner to India Syed Muazzem Ali said Thursday that Bangladesh and India should co-operate in connectivity for the mutual benefit. "Connectivity offers a game-changing opportuni...

ECNEC okays e-passport project, 14 others

FE Online Report   June 21, 2018 18:16:34

The Executive Committee of the National Economic Council (ECNEC) Thursday approved a project to make around 30 million e-passports to keep pace with other countries. The approval for the Tk 46.36 b...

ADP execution rate lower

FHM Humayan Kabir June 21, 2018 09:59:55

The government spent almost 63 per cent of the Annual Development Programme (ADP) allocations in the 11 months to May of fiscal year (FY) 2017-18. Planning Commission officials said the rate of the d...

New partnership to bridge revenue data gap

Doulot Akter Mala June 21, 2018 09:53:07

The tax authorities are going to establish an institutional partnership for addressing the discrepancy in revenue collection data by the board and Controller General of Accounts (CGA) office. Recentl...

WB provides $50m to develop housing for slum dwellers

-- June 20, 2018 19:55:06

The World Bank has provided US$ 50 million to help develop standard housing facilities for the lower income people. Finance Minister Abul Maal Abdul Muhith came up with the statement while replying t...

'9.9 million new workforce by 2020'

-- June 20, 2018 17:56:57

About 9.9 million new workforce would be added to the country’s manpower sector by 2020 as planned in the 7th Five Year Plan. Prime Minister Sheikh Hasina came up with the statement while reply...

Economy gradually recovering: Japan

-- June 20, 2018 15:05:31

Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter. “Japan’s...

Budget reactions on telecom, ICT today

FE Online Desk June 20, 2018 13:18:26

Seven trade bodies/associations, mostly on telecom and ICT will hold a joint press conference Wednesday at 3.00 pm to present their budget reactions. The associations are AMTOB, BASIS, BACCO, BCS, BM...

NBR estimates huge loss in proposed corporate tax cut

Doulot Akter Mala June 20, 2018 09:54:03

The revenue authorities have estimated Tk 25 billion losses in corporate tax collection in the upcoming fiscal year (FY) provided the budgetary proposal made in this connection comes into force from J...

Planning minister hopes 10pc growth by 2029

-- June 19, 2018 21:45:24

Planning Minister AHM Mostafa Kamal hopes Bangladesh will be able to attain 10 per cent economic growth by 2028-29, after implementation of mega projects. “No one can stop the country from atta...

Remittances rise ahead of Eid festival

FE Report June 19, 2018 10:59:31

The country received nearly US$ 900 million in remittances in the first half of the current month as overseas Bangladeshis sent higher volume of money back home ahead of the Eid-ul-Fitr festival,...

ADB to lend $50m for microenterprise development

Syful Islam June 19, 2018 10:57:13

The Asian Development Bank (ADB) has agreed to lend US$50 million to help Bangladesh promote microenterprises led by women, finance ministry officials said. The fund will be channelled through Palli...

Fiscal incentives to rise in next fiscal year

FE Online Report June 18, 2018 20:41:09

Fiscal incentives to agriculture, export and jute goods will increase in the next fiscal year, according to the proposed budget for FY19. It showed that the government allocates Tk 135.0 billion as f...

FDI accounts for 39pc of external finance for developing nations

FE Online Report June 18, 2018 16:21:52

Foreign direct investment (FDI) accounted for 39 per cent of external finance on average for the developing nations between 2013 and 2017. World Investment Report (WIR) 2018 unveiled the estimation.&...

Global FDI flows may increase by 5.0 pc this year

FE Online Report June 18, 2018 14:48:33

After a big drop in the past year, inflows of foreign direct investment (FDI) in the current year may increase by 5.0 per cent across the world. United Nations Conference on Trade and Development (UN...

Israel revises up annual GDP growth in first quarter

-- June 18, 2018 14:18:51

Israel’s economy grew an annualised 4.5 per cent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of...

US pips India as top greenfield FDI investment destination

-- June 17, 2018 18:01:59

The US has surpassed India to become the top destination for greenfield FDI investment in 2017, says a report, according to a report by India based The Economic Times. The number of greenfield FDI p...

Net FDI drops by 4.20pc in July-April

FE Online Report June 17, 2018 13:05:27

Net inflow of foreign direct investment (FDI) dropped by 4.20 per cent in the first 10 months of the current fiscal year. Latest statistics, released by the central bank last week, showed that the ne...

Seminar on services-led development begins June 19 in Tokyo

FE Online Desk June 17, 2018 12:53:55

A two-day international seminar titled ‘Services-Led Development: Prospects and Policies’, arranged by ADBI begins on June 19 in Tokyo. The seminar will present the latest evidence on how...