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Search results for: economy

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- November 21, 2017 19:42:58

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

-- November 21, 2017 19:38:41

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk November 21, 2017 12:42:41

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Mobile-based financial transactions mark fall

Mehdi Musharraf Bhuiyan November 21, 2017 12:31:58

Fast-growing mobile-based financial transactions took a knock, dropping around 5.04 per cent, quarter on quarter, during the third quartile of this year. Sources concerned, however, attributed the do...

Singapore’s core inflation likely rise 1.5pc

-- November 21, 2017 11:09:57

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

FHM Humayan Kabir November 21, 2017 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...

Eateries, shops largely evade ECR use

Doulot Akter Mala November 21, 2017 00:34:49

Many fast-food shops, bakeries, restaurants and retail outlets in Dhaka avoid issuing electronic cash register (ECR)-generated pay-slips to evade VAT payment, as monitors look on, sources said. Lack...

Govt to fix sector-wise productivity level: Secretary

-- November 20, 2017 22:09:42

The government plans to fix the level of productivity based on different sectors and subsectors of the national economy. Industries Secretary Muhammad Abdullah came up with the statement at the natio...

Banana farming gives solvency to Manikganj farmers

-- November 20, 2017 16:59:31

Farmers of three upazilas in Manikganj district have gained solvency by cultivating banana in their sandy land which previously remained uncultivated for long time. Most of those lands are situated i...

Japan export growth steady in Oct

-- November 20, 2017 14:04:45

Japan’s export growth held steady in October, while the trade surplus dropped from a year ago, as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products....

PT Bank Rakyat Indonesia outlook revised

FE Online Desk November 20, 2017 13:55:31

SINGAPORE (S&P Global Ratings) Nov. 17, 2017--S&P Global Ratings today revised its outlook on PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) to positive from stable. At the same time, we affi...

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

FE Online Desk November 20, 2017 13:40:17

SINGAPORE (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2027 by...

Thrust on developing tech-driven economy

FE Online Desk November 20, 2017 12:27:33

Google Developer DevFest Bangladesh 2017 presented by Google Developer Group Dhaka and powered by Whiteboard, in association with Preneur Lab, took place recently at GP House, said a statement. S...

Majority BD consumers prefer newer digital payment systems

FE Report November 20, 2017 10:12:11

Around 65 per cent of Bangladeshi consumers favour adopting newer modes of digital payment amid growing liking for e-business, a study by global payment-technology-giant Visa reveals. The ease of tra...

ADB to give $260m for infrastructure dev

-- November 19, 2017 23:00:24

The Asian Development Bank (ADB) has signed agreements for $260 million in loans to help sustain and increase infrastructure investments in Bangladesh as well as renewable energy interventions. Econo...

NBR holds key to probe Paradise Papers scandal

-- November 19, 2017 21:34:13

Recent release of the Paradise Papers brings the number of Bangladeshi 'Officers' named in the ICIJ's database of offshore leaks, that commenced with the Panama Papers in 2016, to over 60. Yet is the...

Floating solar plant on Kaptai Lake likely

-- November 19, 2017 16:48:19

Kaptai Lake and canal of Teesta Water Barrage are likely to house floating solar power plant as part of countrywide installation of such projects, officials said. If the Kaptai floating solar power p...

ADB to lend $260m for infrastructural investments

-- November 18, 2017 18:09:14

Bangladesh is set to sign a US$260 million agreement with the Asian Development Bank (ADB) on Sunday (tomorrow) for infrastructural investments, especially for public-private partnership (PPP) project...

Cattle rearing improves char people’s economic condition

-- November 18, 2017 17:55:26

Thousands of extremely poor people living in rural area, especially char areas of seven upazilas of Manikganj district have successfully overcome abject poverty through cattle head rearing. The domes...

Rohingya crisis may hurt investment in Myanmar: IMF

-- November 18, 2017 12:04:10

The International Monetary Fund on Friday said the Rohingya refugee crisis may dampen investment in Myanmar as the country faces international pressure over its treatment of the Muslim minority. Howe...

US tax cuts not likely this year: Economists

-- November 18, 2017 10:55:58

US Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll. The optimism about a tax overhaul has helped push the US st...

Global banks flag concerns over US Senate tax proposal

Reuters November 18, 2017 10:19:05

Global banks raised concerns on Friday over a provision in the US Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry....

Widening 15km road costs Tk 2.26 billion!

FHM Humayan Kabir November 18, 2017 10:00:15

A 15.5-kilometre regional highway is going to be widened at a cost of Tk 2.26 billion which some insiders even consider inflated. It will require Tk 145.8 million for widening a one-kilometre patch o...

Metro-rail project stands to suffer for mass deputations

Munima Sultana November 18, 2017 09:39:21

A faulty recruitment plan mainly focused on deputations for metro-rail projects is likely to hinder the ongoing process of developing three mass rapid-transit (MRT) lines in the city, sources said. T...

Metro-rail project stands to suffer for mass deputations

Munima Sultana November 18, 2017 00:21:25

A faulty recruitment plan mainly focused on deputations for metro-rail projects is likely to hinder the ongoing process of developing three mass rapid-transit (MRT) lines in the city, sources said. T...

NBR considering alternatives to boost revenue collection

-- November 17, 2017 20:19:15

National Board of Revenue (NBR) is putting emphasis on disposing of long-pending cases through Alternative Dispute Resolution (ADR) method to boost the revenue collection. The country's revenue colle...

SMEs to get $240m as loans

-- November 17, 2017 17:23:48

Bangladesh Bank (BB) has created a US$240 million refinancing fund for providing loans to small and medium enterprises (SMEs) at low interest. "Asian Development Bank (ADB) will contribute $200 milli...

China economy grows with ‘energy efficiency’

-- November 17, 2017 15:12:51

China has managed to grow economy and improve energy efficiency at the same time, the country’s special representative on climate change affairs Xie Zhenhua said. He said the economic growth,...

US House approves tax bill

Reuters November 17, 2017 13:45:55

Congressional Republicans took important steps on Thursday toward the biggest US tax-code overhaul since the 1980s, with the House of Representatives approving a broad package of tax cuts, and a Senat...

UK economic growth to lag peers

-- November 17, 2017 13:14:52

British economic growth will remain tepid over the coming few years, lagging well behind its peers, and could even be worse than economists polled by Reuters currently predict. Rather than sinking...