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Search results for: economy

15 mills produce 60,000 tonnes sugar: Amu

-- November 15, 2017 17:42:36

The country has produced nearly 60,000 tonnes of sugar in the last fiscal 2016-2017, said Industries Minister Amir Hossain Amu. "The 15 sugar mills across the country produced 59,984.55 tonnes sugar...

Trade cost cut lies at core of regional integration

Asjadul Kibria November 15, 2017 11:51:21

It is cheaper for Sri Lanka to trade with Brazil than Nepal which is geographically much more closer. High trade cost due to lack of better connectivity bars Sri Lanka and Nepal from expanding their b...

BGMEA requests govt to form wage board for RMG workers

Monira Munni November 15, 2017 10:33:42

A move has been initiated to raise the minimum monthly wages of the workers of the country's ready-made garment sector in line with a provision of the labour law. This, industry insiders say, would...

Remittance surge by 6.9pc in four months

-- November 14, 2017 21:02:05

Remittance in the first four months of current fiscal surpassed last fiscals corresponding period by a decent amount. Finance Minister Abul Mal Abdul Muhith said this to treasury bench lawmaker M Mam...

IATA to help BD aviation sector grow

-- November 14, 2017 20:29:49

IATA (International Air Transport Association) has expressed its keen interest to provide all kinds of cooperation in further development of Bangladesh’s aviation sector. The association’...

GDP growth 7.28pc, per capita income $1,610

FE Online Report November 14, 2017 19:49:16

The Bangladesh economy has recorded 7.28 per cent growth in the 2016-17 financial year (FY), a 0.04 percentage points up from the provisional data which was released six months ago. Official data rel...

Italy’s WC flop to cost economy €1b

-- November 14, 2017 19:39:43

Italy national team’s failure to qualify for the for the World Cup for the first time in 60 years is set to cost the economy of the country heavily. Former Comitato Olimpico Nazionale Italiano...

GDP growth 7.28pc in 2016-17

-- November 14, 2017 16:35:59

The GDP growth and per capita income for FY2017 are slightly higher than previous estimates. Bangladesh’s economic growth accelerated to 7.28 per cent in the year to June 30, Planning Minister...

ECNEC clears ‘Sheikh Hasina Cantonment’ project

-- November 14, 2017 14:44:01

The government has initiated a project to set up ‘Sheikh Hasina Cantonment’ on a 965-acre land at Lebukhali along the Payra River in Barisal involving an estimated cost of Tk 16.99 billion...

China economy cools again

-- November 14, 2017 14:15:52

China’s economy cooled again in October, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pol...

Economy underperforms for some shortcomings

FE Report November 14, 2017 12:13:28

Bangladesh economy goes on underperforming for some limiting factors like infrastructure deficits, and gas and power problems, notwithstanding some progressive growth, says a premier trade body. The...

Tofail seeks more Singaporean investment in EZs

-- November 13, 2017 21:11:10

As government allows 100 per cent foreign investments in Bangladesh’s economic zones, keeping that into consideration, Singaporean entrepreneurs are most welcome to invest in the EZs. Commerce...

NCC Bank holds workshop on online forex transaction

FE Online Desk November 13, 2017 12:31:13

  NCC Bank Training Institute arranged a day-long workshop on "Online Foreign Exchange Transaction Reporting" for its officers' of Head Office and branches recently. Managing Director & C...

Consumer trust is in short supply in APAC mkts

FE Online Desk November 13, 2017 12:03:51

The severity of fraud in Asia Pacific is highly evident. One in five people have encountered fraud directly, while one in three people or their loved ones have been affected. The high levels of f...

Raw materials shortage hits home textile, terry towel industry

Monira Munni November 13, 2017 10:34:35

The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will deepen if t...

Raw materials shortage hits home textile, terry towel industry

Monira Munni November 13, 2017 00:37:54

  The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will dee...

Beximco exports second drug to US market

-- November 12, 2017 13:05:04

Beximco Pharmaceuticals Limited has recently begun its second drug, Sotalol Hydrochloride, export to the US after the successful launch of Carvedilol in August 2016. The first consignment of Sotalol...

Govt seeks US$1.83b under 39th Japanese ODA package

FHM Humayan Kabir November 12, 2017 10:11:17

The government has sought around US$1.83 billion worth of assistance from Japan for bankrolling six development projects, officials said Saturday. Officials at the Ministry of Finance (MoF) said they...

Banks lack remedial strategy while NPL rises worryingly

Mehdi Musharraf Bhuiyan November 12, 2017 09:48:33

Some of Bangladesh's banks don't have 'in-depth' look into the problem of spiraling non-performing loans (NPL) while many others try to frame remedial strategies perfunctorily. Such observations came...

Six million people working in country’s poultry industry

-- November 11, 2017 18:24:51

The poultry sector of Bangladesh has employed around six million people, of whom 40 per cent are women. These people are employed either directly or indirectly. The investment in the industry is abo...

Maintenance mess leaves highways in a shambles

FHM Humayan Kabir November 11, 2017 09:43:27

Highways across the country seem to be in a shambles for neglect of maintenance despite a gigantic jump in allocations during five years, officials said. They said there had been substantially increa...

Maintenance mess leaves highways in a shambles

FHM Humayan Kabir November 11, 2017 00:47:36

Highways across the country seem to be in a shambles for neglect of maintenance despite a gigantic jump in allocations during five years, officials said. They said there had been substantially increa...

Switzerland favours improving investment climate in Bangladesh

-- November 10, 2017 16:49:44

Switzerland Ambassador to Bangladesh Rene Holenstein has laid emphasis on improving investment climate in Bangladesh as he sees economic opportunities here.  In an interview with UNB, Ambassador...

Floods affect country’s food production: FAO

-- November 10, 2017 15:17:47

A sequence of floods has dampened the outlook for Bangladesh, likely translating into a third successive season of little or negative food production growth, mainly rice, says UN agency FAO. Barring...

China to expand corporate tax cuts

-- November 10, 2017 11:39:44

China will expand corporate tax rate cuts for high-tech services firms nationwide, in an effort to boost its overall competitiveness. China’s finance ministry said on Friday that the tax rate f...

Japan manufacturers' mood slips

-- November 10, 2017 11:14:04

Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed. But the manufacturing confidence remained strong - underscoring the thir...

Gas crisis hurting output in industrial belt

Nashir Uddin November 10, 2017 00:32:26

Factories in the country's Tongi-Gazipur industrial belt have been facing acute gas crisis over the past few months following diversion of gas to 'upstream' power plants. The crisis has deteriorated...

Oxford Cambridge 'investing millions of pounds offshore', Paradise Papers reveal

-- November 10, 2017 00:29:26

The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers. Both universities are said to have invested in funds...

Govt not to give state-owned factory lands

-- November 09, 2017 20:32:14

Industries Minister Amir Hossain Amu has said that the government will not hand over land of state-owned factories to the private sector. "The unused land of the state-owned factories will be used fo...

Four months’ export earnings rise to $11.5b

FE Online Report November 09, 2017 18:18:07

The country's export earnings during the first four months of the fiscal year 2017-18 grew by 7.03 per cent to $11.50 billion. Official data released on Thursday said the earnings were $10.79 billion...