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Search results for: economy

Inflation rises in September

-- October 17, 2017 19:06:41

The rate of inflation in the month of September has witnessed a rise by 0.59 percentage point, according to the latest data of Bangladesh Bureau of Statistics (BBS). As per BBS statistics, inflation...

Singapore Sept exports post surprise decline

Reuters October 17, 2017 13:48:46

Singapore’s exports unexpectedly fell from a year earlier in September, data showed on Tuesday, their first on-year contraction in five months as electronics shipments posted their first decline...

Thrust on greater support for fisheries sector in BD

FE Online Desk October 17, 2017 12:55:34

A high level policy workshop, held in Dhaka recently urged for greater support for fisheries and aquaculture sector in Bangladesh. The workshop was held in connection with the dissemination of a compr...

Policy unpredictability: Economy, investment decisions suffer most

-- October 17, 2017 10:44:03

Experts called for making Regulatory Impact Assessment Policy to reduce unpredictability of rules and regulations that stymies investment and innovations in the country. Conducting a regulatory impac...

BB reinforces forex support to banks

Siddique Islam October 17, 2017 10:31:37

The central bank has strengthened its foreign currency support to the commercial banks for settling import payment obligations, particularly of food grains and fuel oils. As part of the move, the Ban...

Corporate tax posts 20.55pc growth in Q1

Doulot Akter Mala October 17, 2017 10:20:09

Income tax collection from the large corporate taxpayers posted 20.55 per cent growth in the first quarter of the current fiscal year (FY) largely because of higher financial contribution of the comme...

Change looms in global central banking leadership

Reuters October 16, 2017 13:15:38

The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects...

PBOC expects 7pc GDP growth in H2

Reuters October 16, 2017 11:53:11

China’s economy is expected to grow 7.0 per cent in the Second Half (H2) of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations...

Industrial credit drops in FY17

FE Online Report October 16, 2017 11:42:28

Disbursement of the industrial term credit declined by 5.16 per cent in the past fiscal year (FY17), according to the latest statistics of the central bank. It showed that some Tk 621.54 billion was...

Ensure easy-term housing loans to achieve SDG 11

FE Report October 16, 2017 10:26:24

The government has been urged to ensure easy-term housing loans for the low-income group of people to achieve the SDG 11. According to the Sustainable Development Goal (SDG), adequate, safe and affor...

Move to mobilise $190b to fund mega transport projects

Munima Sultana October 16, 2017 10:19:52

A massive fundraising campaign got underway for mobilising over US $190 billion to elegantly improve Dhaka's transport network with metro rails, expressways and bus-franchise services. Dhaka Transpor...

Mongolia coal exports cool as China border issue creates bottleneck

-- October 15, 2017 23:33:02

ULAANBAATAR, Oct 15 (Reuters): Mongolia's coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In the first nine months of the year, exp...

Eurogroup head outlines pragmatic view on ‘euro zone budget’

-- October 15, 2017 23:28:56

WASHINGTON, Oct 15 (Reuters): A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund...

World economy still needs help from low rates, IMF says

AP October 15, 2017 12:46:54

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the Internation...

No signs of excesses building in markets: BOJ

Reuters October 14, 2017 10:50:14

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in US, European and Japanese markets as a result of heavy money printing by the BOJ....

Tofail urges exporters to adopt 'Look East' approach

FE Report October 14, 2017 00:17:31

Commerce Minister Tofail Ahmed Friday urged the country's exporters and manufacturers to take a 'Look East' approach to expanding and diversifying export market and products. "Our exporters intend to...

Japan exports seen up in Sept

Reuters October 13, 2017 13:27:24

Japan’s exports likely grew for a tenth straight month in September buoyed by upbeat demand from overseas, a Reuters poll showed on Friday, underscoring a steady economic recovery. Exports were...

User test of online VAT return starts

FE Report October 13, 2017 10:52:53

VAT online project (VoP) launched user acceptance test (UAT) of online return submission last week, before introducing it to businesses under the amended VAT rules. The online VAT return filing syste...

President for developing stress tolerant crops

-- October 12, 2017 21:06:38

President M Abdul Hamid Thursday asked researchers, experts and others concerned to create stress-tolerant crop varieties for sustainable socio-economic development of the country. "There is no alte...

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Syed Ali Asfar October 12, 2017 19:48:56

Bangladesh has been ranked 88th out of 119 countries on the Global Hunger Index this year. The report was released by Washington-based International Food Policy Research Institute (IFPRI). The GHI,...

IMF chief stresses inclusive global trading system

-- October 12, 2017 19:24:45

IMF chief Christine Lagarde has underlined the need to redouble efforts to create a more inclusive global trading system amidst signs that the developed countries, including the US, were resetting tra...

Japan wholesale prices rise 3pc in Sept

-- October 12, 2017 11:51:55

Japanese wholesale prices rose 3.0 per cent in September from a year earlier, at the fastest annual pace in almost nine years, due to rising prices for gasoline, metals, and agricultural products. Ec...

Poverty alleviation by 2024: Muhith

UNB October 12, 2017 11:01:48

Finance Minister AMA Muhith has said Bangladesh will achieve success in alleviating poverty by 2024. The minister came up with the assertion while addressing at an international seminar titled 'Towa...

Generous rural power connections far outstrip actual generation

M Azizur Rahman October 12, 2017 09:33:18

Generous power connections through "unplanned" network expansion in the country's rural areas have far outstripped generation, resulting in sporadic outage, sufferers said. Inadequate and inefficient...

Global financial stability improves amid looming risks: IMF

-- October 11, 2017 18:58:28

The global economic recovery has strengthened financial stability but easy monetary and financial conditions against a backdrop of sluggish inflation is elevating medium-term risks, the International...

IMF projects 7.0pc growth for Bangladesh

FE Online Report October 11, 2017 13:05:11

International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18). The fund unveiled the projection in its latest World...

Tax reform may be 'painful' for some states: Kaplan

-- October 11, 2017 11:17:55

Limiting the ability of Americans to deduct what they pay in state and local taxes from their federal tax bill “could be painful” for some US states already suffering from population drain...

Apparel exports to China, Japan fall

Monira Munni October 11, 2017 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

UNDESA mission exchanges views with FBCCI leaders

-- October 11, 2017 00:51:43

A mission from Committee for Development Policy (CDP) Secretariat of UNDESA (United Nations Department of Economic and Social Affairs ) met FBCCI President Md Shafiul Islam (Mohiuddin) at FBCCI Bhab...

US chip maker unveils next-generation device for fully autonomous cars

-- October 11, 2017 00:50:16

Silicon Valley graphics chipmaker NVIDIA unveiled on Tuesday the first computer chips for developing fully autonomous vehicles and said it had more than 25 customers working to build a new class of dr...