Search results for: economy

Singapore's CPI inflation hits nine-month low

-- March 25, 2019 14:51:50

The core inflation rate of Singapore eased to a nine-month low in February, reinforcing expectations that the central bank will keep monetary policy unchanged when it meets next month. The core infla...

Britain's financial sector has 'gloomiest outlook' since 2008

-- March 25, 2019 13:41:06

Optimism about the business outlook among Britain’s financial services firms has fallen at its fastest rate since the 2008 financial crisis amid concerns about Britain’s exit from the Euro...

ICAB suggests 2.0pc cut in corporate tax

FE Report March 25, 2019 09:29:46

The Institute of Chartered Accountants of Bangladesh (ICAB) Sunday suggested 2.0 per cent cut in the corporate tax in the budget for the next financial year (FY). Investors would be encouraged to inv...

China 'confident' of achieving key 2019 economic targets

-- March 24, 2019 15:11:30

China’s economy may face a more challenging environment this year but the government is nevertheless confident of achieving its key 2019 targets, Vice Premier Han Zheng said on Sunday. Han, spe...

BD budget may cross Tk 5.0 trillion next fiscal

FE Online Desk March 24, 2019 13:42:16

Bangladesh budget will likely cross the Tk 5.0 trillion-plus mark in fiscal year 2019-20, up by over 11 per cent from that of the last fiscal. The budget totalling Tk 5.24 trillion and 9.5 billion is...

US budget deficit reaches record $234b in Feb

-- March 23, 2019 11:02:17

The US federal budget deficit reached 234 billion US dollars in February, the biggest budget deficit on record for the month, the Treasury Department said Friday. The figure is 8.7 per cent up from t...

$4.2b ADB assistance likely during 2020-22

FHM Humayan Kabir March 23, 2019 10:07:09

The Asian Development Bank (ADB) is expected to make available financial assistance with US$ 4.20 billion over a period of next three years for developing Bangladesh's infrastructure and alleviating p...

Climate change to eat up 3.0pc of GDP by 2030

Jasim Uddin Haroon March 23, 2019 09:10:57

The country's fast-growing economy may be disrupted in the medium to long run, due mainly to a rising sea, researchers warn. Bangladesh is one of the most exposed and vulnerable countries to climate-...

Bank of England holds interest rates steady

-- March 22, 2019 13:48:40

The Bank of England (BOE), the central bank of the country, on Thursday held the bank interest rate unchanged at 0.75 per cent. The lender said in its March Monetary Policy Committee (MPC) report r...

Reserve heist: Dhaka to go ahead with out-of-court settlement

Syful Islam March 22, 2019 09:07:59

Bangladesh will press ahead with its plan to settle the reserve heist issue through discussion with the Philippines, although both sides got into a legal battle, a senior official said on Wednesday....

Australian unemployment rate hits eight-year low

-- March 21, 2019 12:34:29

Australia’s jobless rate fell to a near eight-year low in February as a bumper run in employment extended, sending the local dollar sharply higher on expectations the country’s central ban...

NZ GDP grows 0.6pc in December 2018 quarter

-- March 21, 2019 11:41:11

New Zealand's gross domestic product (GDP) grew 0.6 per cent over the year in the December 2018 quarter, Statistics New Zealand (Stats NZ) figures showed on Thursday. "Growth in this quarter was led...

'Money laundering, NPL interlinked'

FE Report March 21, 2019 09:46:04

Experts at a workshop have identified several factors responsible for the rise of trade-based money laundering in the country. The factors include under-qualified bankers, lack of effective communica...

France reduces 2019 growth target

-- March 20, 2019 11:03:05

France has reduced its economic growth target for this year to 1.4 per cent from 1.7 per cent after the "Yellow Vest" protest movement severely impacted the country's economy. "What's obvious is that...

Govt revises down ADP to Tk 1.65tn

FE Report March 20, 2019 10:28:15

The government revised the Annual Development Programme (ADP) on Tuesday, trimming the fund allocation by 4.62 per cent to Tk 1.65 trillion. In the revised ADP, the transport sector has got top pri...

Budget to focus on education, infrastructure, urbanisation

FE Report March 20, 2019 09:24:36

Education, infrastructure development and planned urbanisation of villages will receive priority of the government in the budget for the next fiscal year (FY), 2019-20, Finance Minister A H M Mustafa...

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

-- March 19, 2019 15:50:55

Finance Minister AHM Mustafa Kamal on Tuesday hoped that the country’s GDP growth will reach 8.13 per cent in the ongoing fiscal year (2018-19). "The GDP growth rate will hit 8.13 per cent at t...

Malaysia's Feb CPI seen falling 0.3pc y/y: Reuters poll

-- March 19, 2019 12:47:54

Malaysia’s consumer prices are expected to fall again in February, but at a slower rate than the previous month, a Reuters poll showed on Tuesday. The consumer price index (CPI) in February was...

6FYP misses export, import targets

FE Report March 19, 2019 09:18:30

Bangladesh needs to boost its allocation in education and health sector, otherwise the country may face disparity in these areas in the near future, experts warned at a meeting on Monday. At the same...

Trade conflicts damaging world economy, German minister says

-- March 18, 2019 18:43:31

German Finance Minister Olaf Scholz has said trade conflicts are damaging the global economy and Europe must speak with united voice to maximise its bargaining power. He came up with the remarks in a...

Japan logs goods trade surplus of $3.03b in Feb

-- March 18, 2019 12:01:19

Japan logged a goods trade surplus in February, the government said on Monday in a preliminary report. According to the Finance Ministry, the surplus in January stood at 339.0 billion yen (3.03 billi...

No more 'unfavourable' foreign aid

FE Report March 17, 2019 09:49:02

State minister for foreign affairs M Shahriar Alam said Bangladesh prefers trade partnership to overseas assistance as the country has decided to scale down its aid dependence. "We want to reduce our...

BB 'needs to be bold' in handling banking sector volatility

FE Report March 17, 2019 09:32:31

The central bank authorities need to be more bold and should not kowtow to any external pressure to tackle the current banking sector volatility in the country, former Bangladesh Bank (BB) Governor Dr...

BD-China trade to hit $18b mark in two years

FE Online Report March 16, 2019 19:25:34

Bilateral trade between Bangladesh and China, which accounted to $12.40 billion in 2017-18, is expected to hit $18 billion mark by 2021, according to economists. President of Dhaka Chamber of Commer...

Philippines BOP position posts higher in 2018

-- March 16, 2019 12:36:46

The Philippines' balance of payments (BOP) position for full-year 2018 posted a deficit of 2.3 billion US dollars, "significantly higher" than the $863 million deficit recorded a year ago, the BSP has...

Trump’s trade war cost US economy $7.8b in 2018: Study

-- March 16, 2019 11:04:45

President Donald Trump’s trade battles cost the US economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this we...

Banks' consumer lending growth defies BB order

Jasim Uddin Haroon March 16, 2019 10:16:16

Leading commercial banks provide consumer finance that surpasses the growth rate of banks' total lending violating the central bank instruction, according to an investigation. In 2017, the Bangladesh...

Go for FTA deals with Europe, China

Mehdi Musharraf Bhuiyan March 16, 2019 10:12:19

Bangladesh should move to ink free trade agreements with its major partners including China to cope with the possible loss of trade preferences in the post-LDC era, says a new UN report. The power-ba...

Not even dollar is immune to hyperinflation in Venezuela

-- March 15, 2019 18:39:13

In San Antonio del Tachira, like scores of Venezuelan towns near the border with Colombia, if you want to buy food or medicine it is no use amassing huge piles of bolivar currency. You need Colombian...

BD seeks greater int’l support to achieve SDGs

-- March 15, 2019 14:32:03

Bangladesh has sought greater support from the international community to help it achieve Sustainable Development Goals (SDGs), including those related to women and girls. "We reiterate our commitmen...