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Search results for: economy

IMF gives Venezuela six months to improve data

-- November 04, 2017 11:56:59

The International Monetary Fund (IMF) has given Venezuela six months to improve the flow of economic data saying it had violated IMF rules on the timely provision of some statistics. The Fund said...

World markets themes for the week ahead

Reuters November 04, 2017 10:25:38

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/TRUMP ON TOUR US President Donald Trump embarks on hi...

Japan jacks up lending rate to Bangladesh

FHM Humayan Kabir November 04, 2017 10:06:56

The much-cherished softest lending by Japan is all over as the donor has hiked the interest rate to 1.0 per cent from 0.01 per cent for Bangladesh, officials said. The Asian economic powerhouse has a...

Qatar's hiring of Bangladeshis softens as crisis lingers

Arafat Ara November 04, 2017 09:42:52

The outflow of Bangladeshi workers to Qatar has fallen sharply in recent months in the aftermath of unrest exacerbated by sanction on it by Saudi Arabia and allies. Sector-insiders said although the...

Visitors throng Dhaka Income Tax Fair

FE Report November 04, 2017 00:25:29

The Income Tax Fair 2017 in the capital drew a huge number of visitors on Friday, the third day of the weeklong event, as it was a public holiday. Most of the people visiting the fair on the day we...

US job growth likely to rebound in Oct

-- November 03, 2017 14:57:27

US job growth likely rebounded sharply in October after hurricane-related disruptions depressed employment in September, in a move that could seal the case for an interest rate increase from the Feder...

Army may get new metro rail project

Munima Sultana November 03, 2017 14:46:31

Bangladesh Army is likely to be engaged in a new metro rail development project in the city's corridor as per a recommendation made in 20-year transport plan. Though the Army has no experience in imp...

Int'l workshop on revival of waqf begins Saturday

FE Online Desk November 03, 2017 12:07:54

A two-day international workshop on `Revival of Waqf for Socio Economic Development’ jointly organised by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Banglad...

Hard bargain holds back another mega PPP project

FHM Humayan Kabir November 03, 2017 12:06:23

A hard bargain by a foreign donor held back Bangladesh's another public- private partnership (PPP) project as it made the funding of Dhaka Bypass conditional to government counter-guarantee. The proj...

Banks lack skilled workers in ICT: BIBM

-- November 02, 2017 19:52:20

A research of Bangladesh Institute of Bank Management (BIBM) Thursday said 80 per cent banks in the country do not have enough skilled and efficient manpower in the ICT section to face any accidents.A...

BB maintains firm stance against digital hundi

-- November 02, 2017 19:41:03

Bangladesh Bank (BB) continues to maintain its strict position to stop digital hundi in order to enhance remittance inflow through mobile financial service, such as mobile banking. "The inflow of re...

Bank of England hikes interest rates

-- November 02, 2017 19:04:35

Bank of England raised interest rates for the first time in over a decade despite the fact that wages are growing weakly in the UK and the country faces the growing threat of a disastrous ‘no de...

BD focuses on $1b trade with Vietnam

-- November 02, 2017 17:48:06

Bangladesh Ambassador to Vietnam Samina Naz has met Vietnam Prime Minister Nguyen Xuan Phuc and emphasised taking bilateral trade to US$ 1 billion by tapping newer potentials that the two countries ma...

Fed keeps rates unchanged

-- November 02, 2017 12:31:06

The Federal Reserve kept its interest rates steady on Wednesday and pointed to solid US economic growth and a strengthening labour market while playing down the impact of recent hurricanes, a sign it...

BB cuts lending rate for FSSP fund

-- November 01, 2017 20:32:59

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Muhith wants ICT use for region’s development

-- November 01, 2017 20:01:31

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...

BD implements 41pc of global TF measures

FE Online Report November 01, 2017 17:17:52

Bangladesh has so far implemented around 41 per cent of the 31 common global trade facilitation (TF) measures to reduce trade cost. The revelation was made public on Wednesday in a report on the Seco...

Tax fair begins targeting Tk 30b revenue

-- November 01, 2017 14:55:30

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

CAB to organise meeting aiming reducing power tariff

FE Online Desk November 01, 2017 14:54:32

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...

China- ESCAP to strengthen PPP in Asia-Pacific

FE Online Report November 01, 2017 14:31:02

China and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have signed a new agreement to strengthen Public Private Partnership (PPP) in the region. They inked the d...

Mexico economy likely shrank in Q3

-- November 01, 2017 11:02:56

Mexico’s economy likely shrank for the first time in more than four years during the third quarter (Q3), after the country was battered by earthquakes and hurricanes in September. Gross Domesti...

America’s Chevron comes first under taxmen’s file search

 Doulot Akter Mala November 01, 2017 09:35:55

Taxmen started checking payroll status of foreign workers in Bangladesh through visiting corporate taxpayers' offices, and an oil giant came first under the probe. A taskforce team of the National B...

ICC-B chief for private sector's working with int'l bodies, govts

FE Report November 01, 2017 01:32:09

The 13th meeting of ESCAP Business Advisory Council (EBAC) in progress in Bangkok on Monday, presided over by EBAC Chairman Mr. Mahbubur Rahman (2nd from left). Also seen in the picture (from L-R) are...

BD 177th in ease of doing business ranking

FE Online Report October 31, 2017 20:27:31

Bangladesh has been ranked 177th among 190 economies across the world in the latest tally of ease of doing business, prepared by The World Bank. The report shows the country actually slipped one step...

Income tax fair begins Wednesday

-- October 31, 2017 19:47:43

Countrywide weeklong 'Income Tax Fair-2017' will begin on Wednesday to help the people pay their taxes and help in other tax related works. The fair will be inaugurated by State Minister for Finance...

Thrust on infrastructure development to attract FDI

-- October 31, 2017 16:35:51

Experts at a discussion in Dhaka have said infrastructure development is urgently needed to invite foreign investment to Bangladesh. They said if it could be ensured, more foreign investors will show...

Tk 17.30b project for rural bazaar dev

-- October 31, 2017 16:33:05

The Executive Committee of the National Economic Council (ECNEC) has approved the 'Development of infrastructures of countrywide rural bazaars' involving an estimated cost of Tk 17.30 billion. Under...

BD export earnings may slow down: UNESCAP

FE Online Report October 31, 2017 12:53:45

Growth of earnings from the merchandise export in Bangladesh may slow down in the next year, according to the latest forecast of the United Nations Economic and Social Commission for Asia and the Paci...

Maiden railway carriage plant in the making

FHM Humayan Kabir October 31, 2017 11:35:55

Bangladesh's maiden railway carriage-production plant is going to be established at Syedpur hub to meet a growing demand of the popular mass transport, now up for expansion. Officials said Monday the...

Brexit 'jeopardises' 75,000 UK jobs

BBC October 31, 2017 10:37:15

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. I understand senior figures at the Bank are using the nu...