Search results for: economy

A review of China-US trade war in 2018

-- December 16, 2018 17:45:43

There is no doubt that the China-US trade war was one of the biggest stories of 2018. The tit-for-tat tariffs levied between the world's two largest economies have put the global supply chain and trad...

Finland cuts debt for the first time in decade

-- December 16, 2018 17:39:07

Finland has canceled planned bond auctions for the remainder of the year and is on course to cut debt in 2018 for the first time in a decade, the finance ministry said on Sunday, according to Reuters....

Japan plans to cut JGB issuance for 6th straight year

-- December 16, 2018 16:21:29

Japan plans to trim its annual government bond issuance by 3.6 per cent during the financial year beginning April 01, sources with direct knowledge of the plans told the news agency on Sunday, as part...

China pork prices may rise in 2019 due to swine fever

-- December 16, 2018 15:38:17

China’s pork prices are likely to climb in 2019 due to tight supply caused by the further spread of African swine fever, an official at the National Development and Reform Commission said in rem...

Shares of Qatar Aluminium surge above IPO price on debut

-- December 16, 2018 15:07:23

Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this y...

IMF ties Pakistan’s debt transparency to bailout deal

-- December 16, 2018 14:55:58

KARACHI: Pakistan’s debt transparency is an utmost prerequisite for a possible bailout package from the International Monetary Fund (IMF), a spokesperson of the Washington-based lender said, add...

State unaccountability can eclipse progress

-- December 16, 2018 14:02:18

Lack of accountability and governance in the state organs can fade Bangladesh's socio-economic progress in the coming years, experts warned on Saturday. To overcome this unpleasant reality that badly...

‘Rising costs’ of doing business cause concern

FE Report December 16, 2018 13:52:32

Business leaders and economists have expressed concern over the rising cost of doing business, reintroduction of higher interest rate and lack of skilled workforce to foster sustainable economic growt...

Two Qatar Visa Centre opens in Bangladesh

-- December 16, 2018 13:03:04

Qatar has inaugurated two visa centres in Bangladesh, one in Dhaka and the other in Sylhet, as part of the state's efforts to facilitate and streamline procedures for bringing in expatriate workforce,...

Myanmar’s economy depends on Rakhines stability

-- December 16, 2018 12:38:59

Despite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say, according to a repor...

Trade war buoys apparel industry in Bangladesh, Vietnam

-- December 16, 2018 12:34:26

The trade spat between Washington and Beijing is providing a tailwind for garment production hubs like Bangladesh and Vietnam, as more companies move away from China to avoid US tariffs and sanctions,...

Cooch Behar wants to revive railway line to Bangladesh

-- December 16, 2018 11:08:54

  A decision by the Indian central government to revive some of the old rail routes which used to connect India with Bangladesh has prompted residents of Cooch Behar to demand the restoration of...

China's home prices remain stable in Nov

-- December 15, 2018 13:22:14

Home prices in major Chinese cities largely remained stable in November as local governments toughened up control of the housing market, official data showed on Saturday. On a month-on-month basis, n...

NBFIs in tight corner

Jubair Hasan December 15, 2018 10:08:56

The current effort to bring down lending and deposit rates has started putting pressure on non-banking financial institutions (NBFIs), sector insiders said. To comply with the directive, the non-bank...

ADB finds high reg, land costs key constraints

Syful Islam December 15, 2018 09:54:41

The Asian Development Bank (ADB) has identified constraints such as weak legal enforcement in mortgage market, supply-side challenges, inadequate incentives, and rising construction cost that prevent...

Germany's central bank slashes growth forecasts

Reuters December 14, 2018 14:00:17

Growth in Germany, Europe’s biggest economy, will slow in the coming years, the Bundesbank said on Friday, cutting its forecasts in a biannual review after a string of disappointing data in rece...

US import, export price drop in Nov

-- December 14, 2018 12:17:09

US import and export prices both dropped in November, US Bureau of Labor Statistics (BLS) has said. The bureau said the import price saw the largest monthly drop since August 2015, while export price...

China's industrial output up 5.4pc in Nov

-- December 14, 2018 12:07:00

China's value-added industrial output, an important economic indicator, expanded 5.4 per cent year on year in November, official data showed Friday. The growth rate was 0.5 percentage points lower...

CPD's remarks politically motivated: Muhith

FE Report December 14, 2018 10:29:39

Finance Minister AMA Muhith on Thursday again trashed the remarks on plundering of Tk 225 billion from the banking sector in a decade, terming it politically motivated. "The information revealed by t...

WB okays $250m to create quality jobs in BD

-- December 13, 2018 17:09:12

The World Bank on Thursday approved a $250 million development policy operation to help the government of Bangladesh strengthen its capacity to create more, better-paid and quality jobs in a rapidly c...

Egypt's fiscal deficit to shrink to 6.4pc in FY 2019-20

-- December 13, 2018 15:04:39

Egypt's fiscal deficit will shrink to 6.4 per cent of GDP in 2019-20 fiscal year (FY) from 9.4 per cent in FY 2017-18, said a report by the official news agency MENA. The fiscal deficit is expected t...

NBR against tax waiver for SIMs used in MNP service

Doulot Akter Mala December 13, 2018 09:51:02

The revenue board has strongly opposed the government's decision to waive the tax on SIMs used in MNP service. Reduction of SIM tax for mobile number portability (MNP) service may create the scope fo...

Belated settlements of int’l payments hurt country’s image: ICCB President

FE Online Desk December 12, 2018 18:32:44

A number of commercial banks in Bangladesh do not make payments on time against letters of credit (L/C) despite having no discrepancy in the system. “This affects the country’s image to t...

First ever NRB engineers’ confce in Dhaka in Feb

FE Online Desk December 12, 2018 14:07:05

‘Bridge to Bangladesh’ is set to organize a conference of Non Resident Bangladeshi (NRB) engineers, which is the first of its kind in the history of Bangladesh, in Dhaka in upcoming Februa...

Asia to grow 6.5-6.9pc in 2018, 2019: ADB

-- December 12, 2018 12:30:30

The ADB expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures. The Manila-based institution, the Asian Development Ban...

Mexico to invest $30b in southern states

-- December 11, 2018 13:18:37

Mexico will invest more than $30 billion (23.57 billion pounds) in its poor southern states over the next five years to boost the region economically, the country’s Foreign Minister Marcelo Ebra...

Banks' provisioning shortfall swells in nine months

Siddique Islam December 11, 2018 09:30:27

Overall shortfall in provisioning against loans in the country's banking system swelled by over 20 per cent or Tk 13.60 billion during the first nine months of the year. The total amount of provision...

SoBs defy MoF order on public display of top defaulters’ list

Syful Islam December 11, 2018 09:27:51

None of the state-owned banks (SoBs) and financial institutions have displayed the list of top loan defaulters on their notice boards and posted the same on websites, defying a directive of the minist...

Qatar Investment Authority accelerates investments in technology

-- December 10, 2018 17:16:43

The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments. QIA's CEO Mansour Ibrahim al-Mahm...

France’s GDP to grow 1.5 pc in 2018: Deputy FinMin

-- December 10, 2018 14:39:57

The growth domestic product (GDP) of France will grow 1.5 per cent this year, a slower-than-expected, the country’s deputy finance minister said on Monday. The GDP will grow at the weaker tha...