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Search results for: economy

July-Oct ADP spending 'highest-ever'

FE Report November 08, 2017 00:37:59

The government agencies have spent 14.53 per cent of the Annual Development Programme (ADP) outlay in July-October period of this fiscal, one percentage point up from the rate in the corresponding p...

Offshore multi-client seismic survey hits snag

-- November 07, 2017 23:01:05

The Law Minister-led investigation committee could not yet submit report although about 15 months have elapsed since its formation to look into whether there was any irregularity in the tender process...

New ‘code of conduct’ for banks, NBFIs

FE Online Report November 07, 2017 22:46:05

The central bank has circulated a ‘Code of Conduct’ for all banks and non-bank financial institutions (NBFIs) of the country with effect from January 1. All banks and financial institutio...

ECNEC okays project to boost farmers’ income

-- November 07, 2017 16:34:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus inc...

Apple 'moved billions' to avoid tax crackdown

BBC November 07, 2017 10:28:48

The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show. They reveal how Apple sidestepped a 2013 crackdow...

BB fixes ceiling on mobile banking accounts

-- November 06, 2017 22:09:13

The central bank has asked the mobile banking customers not to keep more than Tk 300,000 in their accounts with effect from January next year. The Bangladesh Bank fixed the ceiling on Monday with an...

Biman’s move for ground handling partner falters

'The nat’l carrier earns $30-35m a year from ground handling' November 06, 2017 18:37:34

Biman Bangladesh Airlines' move to have a partner for ground handling activities at the country's airports is yet to see any tangible progress although nearly two years have already elapsed. When ask...

Investment proposals for July-Sept leap 140pc: BIDA

-- November 06, 2017 18:30:38

Investment proposals rose by 140 per cent during July-September period this year, according to the latest data of the Bangladesh Investment Development Authority (BIDA). During that period, BIDA rece...

German industrial orders rise in Sept

-- November 06, 2017 15:24:33

German industrial orders rose unexpectedly in September, driven by strong demand for machines, cars and other capital goods, data showed on Monday. The data from the Economy Ministry also suggesting...

Italian services growth falls in Oct

-- November 06, 2017 15:16:06

Growth in Italy’s service sector slowed for a third straight month in October, a survey showed on Monday, a sign a recent flurry in economic activity may be petering out. The Markit/ADACI Busin...

Study shows nightlight intensity’s correlation with GDP level

FE Online Report November 06, 2017 15:11:15

Economic growth measures the performance of an economy. But to what extent do the available data on commercial activities genuinely represent a nation's performance? Gross Domestic Product (GDP) is...

Trump slams 'unfair' Japan trade ties

-- November 06, 2017 13:53:56

US President Donald Trump has lashed out at Japan over trade and said he would push for a fairer economic relationship between the two countries. Speaking to business leaders in Tokyo on Monday he sa...

163 Bangladeshis take Malaysian second home in H1

FE Online Report November 06, 2017 13:07:29

During the first half of the current calendar year, some 163 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. Statistics released b...

Move to make bond mkt active

FE Online Desk November 06, 2017 10:35:43

Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country's bond market active. The decision came at...

BPC plans fuel oil imports borrowing $700m

Rezaul Karim November 06, 2017 10:26:25

Bangladesh Petroleum Corporation (BPC) moves to borrow US$ 700 million from International Islamic Trade Finance Corporation (ITFC) to import fuel oils for the calendar year 2018, officials said. The...

Paradise Papers expose secrets of ultra-rich

BBC November 06, 2017 10:16:29

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump...

Menon eyes pvt sector’s investment in tourism

-- November 05, 2017 18:44:52

Civil Aviation and Tourism Minister Rashed Khan Menon Sunday urged the private sector to invest in the tourism sector of the country. Menon told the private sector to consider building resorts and m...

Govt to send 100,000 drivers abroad in five yrs

-- November 05, 2017 18:31:12

The government has taken an initiative to send  nearly 100,000 drivers abroad in the next five years for  their increased demands in different countries across the globe. Expatriates' Welfa...

Q1 merchandise trade gap marks 133pc rise

FE Online Report November 05, 2017 18:12:51

Country’s merchandise trade gap with the rest of the world surged to $3.65 billion in the first quarter (Q1) of the current fiscal year (FY18). Statistics released by the central bank on Sunday...

China sees prospect in Dhaka-Naypyidaw power sharing

-- November 05, 2017 17:21:44

China sees a good prospect in electricity sharing by Bangladesh and Myanmar in the future through grid interconnection transmitting clean hydropower from China's Yunnan Province. A senior official of...

Novozymes awards eight BD textile cos

FE Online Desk November 05, 2017 10:21:22

  The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement....

Non-organic way to boost Hilsha output

-- November 04, 2017 19:35:10

Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to breed Hilsha in the hatchery using artificial methods.  The methods, which include producing larvae fro...

Bangladesh to get $457m loan from WB

-- November 04, 2017 18:41:15

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

Canada exports, imports drop in Sept

-- November 04, 2017 15:29:30

Canada’s imports and exports dropped for the fourth consecutive month in September, resulting the trade deficit remained at C$3.18 billion ($2.48 billion), according to Statistics Canada data....

US trade gap edges up in Sept

-- November 04, 2017 15:19:51

The US trade deficit widened slightly more than expected in September as rising exports of goods and services were offset by a jump in imports. The Commerce Department said on Friday the trade gap in...

US unemployment rate falls to 17-year low

-- November 04, 2017 15:10:58

US unemployment fell to its lowest level in nearly 17 years in October, according to data released on Sunday, which President Donald Trump said was proof his policies were bearing fruit. Job creation...

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...