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Search results for: economy

Import VAT waiver on LPG cylinders

FE Report September 15, 2017 15:40:05

The National Board of Revenue has waived 15 per cent Value Added Tax (VAT) on import of iron and steel-made Liquefied Petroleum Gas (LPG) cylinders.   To this effect, the revenue board issued a...

Indonesia GDP rises slightly in Q3

-- September 15, 2017 14:36:50

Indonesia’s central bank expects economic growth to slightly improve in the third quarter and reach a range of 5.1-5.2 per cent, a senior official told reporters on Friday.   The accelera...

Import VAT waiver on LPG cylinders

FE Report September 15, 2017 01:21:49

The National Board of Revenue has waived 15 per cent Value Added Tax (VAT) on import of iron and steel-made Liquefied Petroleum Gas (LPG) cylinders.To this effect, the revenue board issued a Statutory...

Efficient technologies to reduce power wastage

FE Report September 15, 2017 01:16:25

Experts at a programme emphasised Thursday on initiating energy-efficient technologies in power sector to meet growing electricity demand with reduced consumption.They also said coal-based 'high effic...

BD to import 1.4m mts fertilizer

-- September 14, 2017 22:03:20

Bangladesh will import 1.4 million tonnes (mt) of fertilizer from Tunisia Saudi Arabia and Morocco during the 2017-18 fiscal year to meet the demand of farmers, an official document of the Ministry of...

US budget deficit up to $107.7b in Aug

-- September 14, 2017 12:16:50

The US federal budget deficit recorded a slightly larger in August than a year ago, while the deficit through the first 11 months of this budget year is well above the same period last year.  ...

Corporate debt, a debilitating drag on Indian economy

Reuters September 14, 2017 11:53:00

  India’s cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest pace in more than three years. But t...

ECNEC approves 10 projects involving Tk 51.81 billion

FE Report September 14, 2017 10:11:52

The government approved Wednesday ten development projects involving a total cost of Tk 51.81 billion.   With Prime Minister Sheikh Hasina presiding, the Executive Committee of the National Eco...

ICAB confce on Finance Act Thursday

FE Online Desk September 13, 2017 21:38:00

A Members' Conference on 'Changes in Income Tax brought by the Finance Act 2017 of Institute of Chartered Accountants of Bangladesh(ICAB) will be held Thursday at 5.00 pm at the ICAB Auditorium of CA...

Xi expresses hopes for global tourism boom

-- September 13, 2017 14:06:06

Chinese President Xi Jinping sent a congratulatory message to the 22nd General Assembly of the United Nations World Tourism Organization (UNWTO), which opened Wednesday, saying he hoped for greater de...

India eyes product pipeline to Bangladesh, Myanmar

-- September 13, 2017 11:20:01

  Bangladesh and India are in advanced stages of finalizing a project deal on product pipeline.   Bharat Petroleum (BPCL) is in talks with the Bangladesh government to set up around a 1.0...

Middle income nation status before 2021: Kamal

-- September 12, 2017 21:27:04

Bangladesh will become a middle income country before 2021, says the planning minister. “We are hopeful that our dream of becoming a middle income country will be fulfilled before 2021,”...

BB to award highest remittance senders

-- September 12, 2017 18:12:17

Bangladesh Bank (BB) will give remittance award to the highest remittance senders and the highest remittance receiving institutions for encouraging Non Residence Bangladeshis (NRBs) to send money thro...

Global economy positive but still fragile: Chinese Premier

-- September 12, 2017 15:59:11

The world economy is showing positive signs but remains fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on Tuesday....

Move underway to develop financial inclusion network

Rezaul Karim September 12, 2017 10:29:29

A move is under way to organise a platform styled Financial Inclusion Network-Bangladesh (FIN-B) for developing, sharing and disseminating knowledge and expertise in financial inclusion.   Its...

Taxpayers to pay penalty for hiding tax-exempted incomes

 Doulot Akter Mala September 12, 2017 10:09:16

Taxpayers have expressed their resentment over a penal measure that deprives them of tax-exemption benefit of certain incomes.   According to the current income-tax provision, tax-exempted inco...

Country’s total power generation capacity stands at 15761MW

-- September 11, 2017 18:39:42

The total power generation capacity of the country now stands at 15,761 MW. This was disclosed by Power Division Secretary Dr Ahmad Kaikaus while he made a power-point presentation on the power sec...

Stop loan concentration in few big businesses

FE Report September 11, 2017 11:37:18

The central bank asked the commercial banks to avert loan concentration in single big groups or sectors through diverting their investment portfolios to minimise default risks. In another major dir...

Another N power plant in southern region: PM

-- September 11, 2017 01:03:33

Prime Minister Sheikh Hasina said Sunday that another nuclear power plant would be set up in the southern region for which the government is working to select an island there, reports UNB.   Sh...

SK Group to set up LPG terminal, petrochemical refinery

-- September 10, 2017 20:14:00

South Korea's leading conglomerate SK Group has planned to go for a joint venture with Bangladesh’s TK Group for setting up a petrochemical refinery, Liquefied Petroleum Gas (LPG) terminal and a...

Sales of savings certificates jump 49pc in July

-- September 10, 2017 11:29:42

  The Bangladesh government has sold Tk 73.52 billion in savings certificates in the first month of the new fiscal year, a 49 per cent increase over the same period last year.   However,...

Indian minister to visit Dhaka for diesel pipelines deal

-- September 10, 2017 11:28:40

Indian Petroleum Minister Dharmendra Pradhan will soon visit Dhaka to sign an agreement with Bangladesh for diesel exports through pipelines.   Dhaka has already agreed to New Delhi's proposal...

High-level meet to review progress of mega projects

FHM Humayan Kabir September 10, 2017 10:06:17

Nearly a dozen cost-intensive mega projects are up for a review for accelerating their execution, as the government nears end of its present term.   A high-level meeting scheduled for Wednesday...

Agencies need $77m for Rohingyas: UN

-- September 09, 2017 20:38:45

Humanitarian agencies operating in Cox’s Bazar urgently need US $77 million to assist the people who have fled violence in Myanmar, the United Nations says. “The rapid movement of people...

'BEPZA contributing lot to implement SDGs'

-- September 09, 2017 20:05:12

BEPZA is contributing a lot to implement Sustainable Development Goals (SDGs), the Vision 2021 and the Vision 2041. It is tremendously contributing in industrialisation through attracting investment,...

Govt sets ambitious soft aid flow target this fiscal

FHM Humayan Kabir September 09, 2017 10:07:59

The government eyes disbursement of nearly US$7.0-billion concessional foreign assistance this financial year, an ambitious 35 per cent rise over last fiscal, to meet huge fund needs. Even, officia...

Govt will ask dev partners to increase funding

Mehdi Musharraf Bhuiyan September 09, 2017 09:56:53

The government will ask its development partners this week to realign their country strategies with enhanced funding provisions as it is looking to generate billions more in foreign aid for implementi...

RAKUB board vows to make agro-based economy vibrant

-- September 08, 2017 22:18:57

RAJSHAHI, Sept 08 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) should be committed to taking its banking services to the doorsteps of the farmers for elevating their living and livelihood condition....

BB heist: Ex-Philippine bank manager may stand trial alone

Reuters September 08, 2017 15:11:58

Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh’s central bank last year...

UK inflation expectations hold steady: BoE

Reuters September 08, 2017 14:53:40

The British public’s expectations for inflation remained stable in the three months to early August, a Bank of England survey showed on Friday, despite this year’s rise in price growth aft...