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Search results for: economy

UN fails to manage initial funds for Rohingyas in BD

-- October 01, 2017 11:29:16

The United Nations has not yet received even half of the funds it initially sought to respond to crisis Bangladesh is now facing with the newly arrived Rohingyas from Myanmar’s Rakhine State, re...

China factory activity rises to five-year high

-- September 30, 2017 10:58:05

Activity in China’s manufacturing sector grew at the fastest pace since 2012 in September, as factories cranked up output to take advantage of strong demand and high prices. The official PMI re...

Major utility service providers in Bangladesh ill-prepared to face calamities

Jasim Uddin Haroon September 30, 2017 09:59:18

The country's major utility-service providers blissfully lie ill-prepared to face any disaster - manmade or natural - for lack of auto-shutdown mechanisms, leaving people and property in risks as ever...

BB finds problem with BKB financials

Syful Islam September 30, 2017 09:50:11

A central bank inspection team has detected 'window dressing' in the balance sheet of Bangladesh Krishi Bank (BKB) to show its higher earnings and conceal provision shortfall to lower its net loss, of...

UK economic growth slows to four-year low

-- September 29, 2017 17:17:59

Britain’s economy grew at its slowest pace since 2013 in the 12 months after last year’s Brexit vote, data showed on Friday, painting a subdued picture as the Bank of England prepares to r...

Japan inflation surges in August

-- September 29, 2017 13:59:02

Japan’s core inflation accelerated in August, industrial output rose more than expected and demand for labour remained at its strongest in over 40 years in a further sign of solid momentum of th...

Govt bags bountiful taxes in July

Doulot Akter Mala September 29, 2017 11:29:25

Government's tax-revenue collection saw a 27.05 per cent growth in the first month of this fiscal largely for a surge in imports and steady growth in exports. Officials said domestic value-added tax...

Oil climbs as tension over Iraqi Kurdistan rises

-- September 29, 2017 00:29:44

LONDON, Sept 28 (Reuters): Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the autonomous Kurdistan region's vote in favor of independence in a referendum.Brent c...

Millionaires’ wealth reached $63.5t in 2016: study

-- September 28, 2017 19:34:12

The number of millionaires in the world rose by nearly 8 per cent last year to an all-time high of around 16.5 million people, with record total wealth of $63.5 trillion, Reuters says citing a report...

Trump unveils huge tax cut

-- September 28, 2017 11:41:43

US President Donald Trump and congressional Republicans have proposed on Wednesday the biggest US tax overhaul in three decades, the first major revamp of the nation’s tax code in a generation....

BTMA, rights groups decry power price hike bid

FE Report September 28, 2017 10:16:42

A proposal for raising power tariffs under Bangladesh Rural Electrification Board (BREB) faced opposition from consumer rights activists, politicians and a trade body in the public hearing. Rather, t...

BB issues notice relaxing loan provisioning policies further

FE Report September 28, 2017 10:11:03

The central bank has relaxed its loan provisioning policies further to facilitate disbursement of agriculture and micro-credits by the banks, officials said. Under the relaxations, the banks will hav...

BB for 1pc general provision for unclassified agro, micro credits

-- September 27, 2017 21:44:20

Bangladesh Bank (BB) has asked all scheduled banks to keep one per cent general provision instead of the existing 2.5 per cent against all unclassified short-term agricultural and micro credits. "Ban...

Economy to grow by 7.4pc: Muhith

-- September 27, 2017 21:12:36

Bangladesh will achieve 7.4 per cent GDP growth in the current fiscal year (2017-2018), says the finance minister. “Every year, the World Bank estimates GDP growth lower than what happens. I th...

WB projects 6.4pc GDP growth this year

-- September 27, 2017 14:23:41

The economy of Bangladesh is expected to grow by 6.4 per cent in the current fiscal year (FY18) driven by industry and services, said the World Bank in its latest Bangladesh Development Update.  ...

RBI to keep rates steady in Oct

-- September 27, 2017 11:33:34

The Reserve Bank of India (RBI) will hold policy steady at its Oct. 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll foun...

Runner Group to sell Indian lubricant in BD

FE Online Desk September 27, 2017 11:05:33

Runner Group has inked an agreement with Indian Oil Corporation Ltd to sell the latter's lubricant in Bangladesh, said a statement.  High officials of the Indian company and Runner Group announc...

BD economy to grow 6.9pc this FY: ADB

-- September 26, 2017 19:19:42

Bangladesh's economy is expected to grow at 6.9 per cent in the current fiscal year (FY18) while the inflation will remain within 6pc, according to the latest report of the Asian Development Bank (ADB...

Govt securities' yield falls as banks scramble to buy

Siddique Islam September 26, 2017 11:20:14

Yield on government securities took a downturn under a buying spree, especially as banks invest their excess funds in the instruments to reap double benefits. According to officials and market operat...

ADB raises China's growth forecast to 6.7pc

-- September 26, 2017 10:49:02

The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now ex...

Taxmen chase eight insurers

Doulot Akter Mala September 26, 2017 10:06:18

Revenue authorities made a decisive move to realise Tk 1.1 billion in back taxes from eight large insurance companies who have defaulted on the payment for long, officials said. The value-added tax (...

CPD to present GCR, findings of BD Biz Study Wednesday

FE Online Desk September 26, 2017 09:17:41

The Global Competitiveness Report 2017-2018 (GCR 2017-18) and the findings of the Bangladesh Business Environment Study 2017 will be presented by Centre for Policy Dialogue (CPD) on Wednesday. The...

Businesses, rights groups demand power tariff cuts

FE Report September 26, 2017 01:14:28

Business bodies, rights groups and left political parties Monday demanded cuts, not any hike, in electricity tariff by increasing the efficiency level and decreasing generation from cost-intensive pla...

Oil hits eight-month high

-- September 26, 2017 00:35:30

LONDON, Sept 25 (Reuters): Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.The Nov...

Govt forms NCMID to improve business environment

-- September 25, 2017 20:58:32

A 15-member National Committee for Monitoring and Implementation of Doing Business Reforms (NCMID) has been formed to improve the country’s overall business environment. Cabinet secretary is th...

VAT rules now up for amendment

Doulot Akter Mala September 25, 2017 00:52:32

With a new law put on the backburner, government's revenue authority decided to amend the existing value-added tax (VAT) rules to digitise the taxing.   Sources said under the amended rules,...

Govt awards package waiver on land-transfer charges

Doulot Akter Mala September 24, 2017 10:50:26

Registration and all other fees and stamp duty for land transfer by landowners to developers of private economic zones have all been waived as a stimulus. Government authorities believe the exempt...

Moody's downgrades UK credit rating

-- September 23, 2017 12:50:09

Ratings agency Moody’s downgraded the UK's credit rating by a further notch on Friday over concerns about the public finances and fears Brexit could damage the Britain’s economic growth....

Ministry, WB at loggerheads over issue of monitoring

FHM Humayan Kabir September 23, 2017 10:54:54

The ministry of education (MoE) and the World Bank (WB) are now at loggerheads over latter's monitoring of the government's US$18 billion education development programme planned for next five years....

Investors can buy BD bonds from abroad

Syful Islam September 23, 2017 10:20:26

Non-resident Bangladeshis (NRBs) can directly buy bonds from abroad under planned recast rules meant for making the investment tools attractive and boosting remittance into the country.   Offic...