Search results for: economy

Forex dealers call for cautious LC opening

Siddique Islam October 22, 2018 09:25:44

Bangladesh Foreign Exchange Dealers' Association (BAFEDA) will urge its member banks to be cautious about opening letters of credit (LCs) for import, considering the overall forex market situation. T...

Annual poverty reduction rate should reach 2.0pc: Muhith

FE Online Report October 21, 2018 21:16:33

Finance Minister Abul Maal Abdul Muhith has said the annual poverty reduction rate should reach 2.0 per cent to attain the government’s goal for eradicating poverty from the country. “Our...

Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

-- October 20, 2018 11:44:39

Another two to three interest rate increases from the Federal Reserve will likely put US borrowing costs in “neutral” territory where it is neither stimulating nor restricting economic gro...

'Poverty rate to come down to 10pc in next five years'

-- October 19, 2018 20:42:31

Finance Minister Abul Maal Abdul Muhith has said poverty rate of Bangladesh would come down to 10 per cent if current government can get the mandate to govern the country for next five years. The min...

China economic growth slumps to weakest since 2009

-- October 19, 2018 10:41:08

China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackl...

BB relaxes rules for intra-firm forex loans

Siddique Islam October 19, 2018 10:06:31

The central bank has relaxed regulations for local industries in export processing and economic zones to get short term foreign currency loans from their sister concerns. Under the relaxed provision,...

Japan posts $1.2b trade surplus in September

-- October 18, 2018 10:49:19

Japan recorded a trade surplus for September of $ 1.2 billion (139.6 billion yen), but exports fell 1.2 per cent from the previous year in the first decline for the world’s third largest econo...

BD to push for connectivity, trade deals with Russia

FHM Humayan Kabir October 18, 2018 09:40:53

Bangladesh will press for establishing direct connectivity and trade arrangements with Russia at an upcoming bilateral meeting in Moscow next week, officials said on Wednesday. Dhaka will also reques...

'Concentration on Dhaka hurting growth'

FE Report October 18, 2018 09:34:40

Excessive concentration of population and economic activities in Dhaka is impeding the growth of Bangladesh, experts cautioned at a seminar in the capital on Wednesday. The country's suburban areas,...

World Cup added $14b to Russian economy, say organisers

Agencies October 17, 2018 11:23:24

The 2018 World Cup added more than $14 billion to the Russian economy, more than one percent of the country's gross domestic product, tournament organisers said in Doha on Tuesday. The figure was rev...

BIMSTEC FTA: Dhaka differs with Delhi over rules of origin

Syful Islam October 17, 2018 09:42:17

Bangladesh has largely differed with India's proposal for the value addition requirement for 22 more products under the proposed BIMSTEC free trade area (FTA) agreement, officials said. The disagreem...

Bangladesh maintains steady progress in tackling hunger: GHI

-- October 16, 2018 21:31:04

The country has maintained a steady progress in tackling hunger as it has improved position in the 2018 Global Hunger Index (GHI). According to the 2018 GHI, Bangladesh moved by two notches to 88th p...

BERC not to raise gas prices now

-- October 16, 2018 19:49:18

Considering the present situation, Bangladesh Energy Regulatory Commission (BERC) has decided not to raise the gas prices. The BERC announced the decision at a press conference at its office in Dhaka...

US budget deficit hits six-year high of $779b

-- October 16, 2018 13:49:47

The US budget deficit rose to 779 billion US dollars in the fiscal year 2018 (FY 2018) ending Sept. 30, the highest since 2012, according to the US Treasury Department report. US government spendin...

FDI inflow rises in BD amid global fall in Jan-Jun

Asjadul Kibria October 16, 2018 10:20:29

The inflow of foreign direct investment (FDI) globally declined sharply in the first half of the current calendar year. The amount is estimated at $470 billion in the January-June period of 2018 whil...

BB relaxes terms on holding foreign loan collaterals

FE Report October 16, 2018 10:12:24

The commercial banks are now allowed to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB)....

July-Aug trade gap reaches $2.11b

Siddique Islam October 15, 2018 09:42:31

Bangladesh's trade deficit crossed US$ 2.0 billion in the first two months of the current fiscal year (FY), 2018-19, mainly due to its higher import payments than lower export receipts, officials said...

BOJ's Kuroda warns of darkening global prospects

-- October 14, 2018 15:31:43

Escalating trade tension, emerging market turbulence and huge debt piling up in some countries pose risks to the world economy, Bank of Japan Governor Haruhiko Kuroda said on Sunday, his strongest war...

ECB should keep policy options open regardless of Fed

-- October 14, 2018 12:32:25

The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. Encouraged by a reco...

India's retail inflation picks up in September

-- October 13, 2018 15:16:17

India’s retail inflation rose marginally in September, nudged up by food and fuel prices, but short of the Reserve Bank of India’s 4.0 per cent medium-term target, strengthening views it c...

India’s forex reserves down by $915.8m to $399.609b

-- October 13, 2018 13:14:09

The foreign exchange reserves of India has declined by $915.8 million US dollar to $399.609 billion US dollar in the week to October 5 on account of a fall in foreign currency assets, according offi...

Saudi Arabia deports over 500 BD migrants in 15 days

Arafat Ara October 13, 2018 09:56:19

Bangladeshi workers have kept returning from Saudi Arabia in an increasing number since the kingdom started deporting the undocumented migrants, sources said. Statistics at the Probasi Kalyan Desk at...

LDC graduation: Project to devise strategy for 'smooth transition'

Mehdi Musharraf Bhuiyan October 13, 2018 09:49:11

Amid concerns over possible impacts of losing LDC benefits, the government is crafting a 'transition strategy' for 'smooth graduation' from the country's least-developed country status. Officials sai...

Federal Reserve is out of control: Trump

-- October 12, 2018 21:16:56

US President Donald Trump has renewed his attacks on the central bank, the US Federal Reserve, calling it 'out of control' and 'far too stringent'. Trump made the criticism while talking to the repor...

India rejects WB human capital index

-- October 12, 2018 17:48:18

India has rejected the findings of the World Bank's Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various considerations. The Indian finance minist...

IMF official anxious about loan defaults: Muhith

-- October 12, 2018 16:37:55

Expressing satisfaction over the Bangladesh economy, Deputy Managing Director of International Monetary Fund Misuhiro Furusawa has said he is anxious about the prevalent loan defaults in the banking s...

China's foreign trade up 9.9pc in first nine months

-- October 12, 2018 12:48:54

China's goods trade rose 9.9 per cent year on year to 22.28 trillion yuan (about 3.23 trillion US dollars) in the first nine months of the year, customs data showed Friday. Exports increased 6.5 per...

Quarterly ADP execution rate hits three-year low

FHM Humayan Kabir October 12, 2018 09:36:46

The implementation rate of Annual Development Programme (ADP) hit a three-year low to 8.0 per cent in the first quarter of the fiscal year, 2018-19. The project implementation rate was two percentage...

ECNEC nods 17 projects involving Tk 142 billion

FE Online Desk October 11, 2018 20:59:29

The government is set to spend Tk 142 billion on 17 development projects including the Rajshahi WASA Surface Water Treatment Plant Project and Development of Electricity Supply System, Chattogram Zone...

IMF warns against trade, currency wars, urges fix to global rules

-- October 11, 2018 16:26:57

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil “innocent bystanders....