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Search results for: economy

Income tax fair to begin November 14

BSS October 28, 2019 16:36:06

Like the previous years, weeklong Income Tax Fair will begin across the country from November 14 aiming to extend tax-related services and raise awareness on paying tax. National Board of Revenue (NB...

ADB lauds Bangladesh for self-sufficiency in rice output

A.Z.M. ANAS from Manila October 28, 2019 16:30:03

The Asian Development Bank (ADB) has lauded Bangladesh for achieving self-sufficiency in rice output, but voiced worry over falling income of farming community. “This progress was largely drive...

Iran’s economy expected to shrink by 9.5pc

-- October 28, 2019 13:47:33

Iran’s economy is expected to shrink by 9.5 per cent this year, compared to a prior estimate of a 6.0 per cent contraction, the International Monetary Fund (IMF) has said. However, the IMF sa...

FTA with US to benefit BD

SYFUL ISLAM October 28, 2019 09:55:05

Bangladesh looks to sign a free trade area (FTA) deal with the United States as it failed to get restored the generalised system of preferences (GSP) facility. The Bangladesh Tariff Commission (BTC)...

Agriculture no more dominating country's population

FE Online Report October 27, 2019 16:58:34

Agriculture is no more dominating the country as farmer families comprise only 47 per cent of its total households, a new government census says. The information was revealed from the report of Agric...

Incentive on remittance unprecedented example, finance minister says

-- October 26, 2019 18:35:12

Describing the government's move to provide 2.0 per cent incentive on sending remittance through legal channel as unprecedented example, Finance Minister AHM Mustafa Kamal has said such facility does...

US federal deficit reaches $984b in FY2019

-- October 26, 2019 13:32:03

The US federal budget deficit reached 984 billion US dollars in the fiscal year 2019, up by 26 per cent year-on-year, and is the highest since 2012, the Treasury Department has said. The federal defi...

Money loan courts fail to deliver results

FE REPORT October 26, 2019 11:09:44

The money loan courts (Artha Rin Adalat), which were created in 2003 to help expeditious resolution of disputes between banks and their clients over loan repayment, are overburdened. These courts are...

Savings certificates: Automation cuts sales 60pc

JASIM UDDIN HAROON October 26, 2019 09:49:21

With sales sliding by nearly 60 per cent, the government measures intended to contain transactions of savings instruments have started making an impact. The sales of four popular savings instruments...

Singapore's manufacturing output rises 0.1pc in Sept

-- October 25, 2019 13:34:52

Singapore Economic Development Board said on Friday that the country's manufacturing output grew 0.1 per cent year-on-year in September, compared to a revised 6.4 per cent decrease this August. Exclu...

Loan defaulters cashing in on BB circular, lawyer tells HC

FE REPORT October 25, 2019 11:10:19

In the High Court hearing on a writ petition on Thursday, Advocate Manzill Murshid said 'headstrong loan defaulters' are taking advantage of the circular issued by the Bangladesh Bank. The circular a...

BB to address customers' hassles in account opening

Siddique Islam October 25, 2019 10:36:44

The Bangladesh Bank has sought explanation from 49 banks for the alleged harassment of their customers in opening fresh accounts, officials said. The Bangladesh Financial Intelligence Unit has been i...

US-China trade reprieve makes no dent on recession chances: Poll

-- October 24, 2019 14:49:47

The recent truce in the US-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a...

BD to reach double-digit in ease of doing business by 2022: Salman

-- October 24, 2019 13:17:01

Bangladesh will secure a place among the top 99 countries in the global ease of doing business rankings by 2022, said Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahma...

S Korea GDP grows 0.4pc in third quarter

-- October 24, 2019 13:08:42

South Korea’s economy grew at a slower pace of 0.4 per cent in the third quarter (Q3) from the previous quarter, slightly missing market expectations, preliminary central bank estimates showed o...

BD moves up eight spots in ease of doing business index

FE ONLINE DESK October 24, 2019 10:42:14

Bangladesh has moved up eight spots to 168 in the World Bank's Ease of Doing Business index 2020. The country's ranking was 176 in the last year, according to a report by the World Bank Group. A tot...

BB privilege for defaulters: ACC submits new statement to HC

FE REPORT October 24, 2019 10:37:46

The Anti-Corruption Commission (ACC) on Wednesday submitted a new written statement to the High Court during the hearing on a case filed challenging a central bank circular. The circular allowed defa...

Ukraine forecasts GDP growth of up to 3.7pc in 2020

-- October 23, 2019 14:42:04

The Ukrainian government predicted next year's gross domestic product (GDP) growth to be up to 3.7 per cent, Interfax Ukraine reported on Tuesday. Sergiy Nikolaichuk, deputy minister of economic deve...

Phenomenal rise in industrial sector NPL

SIDDIQUE ISLAM October 23, 2019 09:59:47

The volume of classified loans, belonging to the industrial sector, jumped by more than 48 per cent in the fiscal year (FY) 2018-19. The main reason for a big leap was attributed mainly to the additi...

IMF official urges multilateral cooperation to resolve trade tensions

-- October 22, 2019 18:26:34

A senior official of the International Monetary Fund (IMF) has urged countries to strengthen multilateral cooperation to resolve trade tensions and continue speeding up global economic integration. "...

ECNEC approves five projects involving Tk 46.37 billion

BSS October 22, 2019 17:09:13

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 5 projects during its meeting on Tuesday involving an overall estimated cost of Tk 46.37 billion. The ECNEC me...

German budget surplus at 1.7pc of GDP in Q2

-- October 22, 2019 15:48:54

Germany’s seasonally adjusted budget surplus was 1.7 per cent of the country’s GDP in the second quarter (Q2), down from 2.0 per cent in the previous three months, data from the European U...

Bangladesh seeks French investment in major sectors

-- October 22, 2019 15:12:39

Foreign Minister Dr AK Abdul Momen has urged French investors to invest in Bangladesh with focus on infrastructure, renewable energy, waste management and ICT sectors.  He made the call when he...

Global renewable power capacity to rise by 50pc

-- October 22, 2019 00:31:53

Global renewable energy capacity is set to rise by 50 per cent in five years' time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Ene...

Emphasis on taxing digital commerce to tackle debt

-- October 21, 2019 18:40:28

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerc...

S Korea's export drops 19.5pc in first 20 days of Oct

-- October 21, 2019 13:48:09

South Korea's export dropped in double figures in the first 20 days of this month on the continued downturn of business cycle in the global semiconductor industry, customs office data showed Monday....

Mahathir warns of possible trade sanctions on Malaysia

Reuters October 21, 2019 10:31:05

Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war. Mahathir did n...

Thailand's 2020 budget bill passes first reading

-- October 20, 2019 12:03:25

Thailand's House of Representatives narrowly voted to approve the 2020 budget bill on Saturday. Following three days and nights debating on the 3.2 trillion baht (about 105.43 billion US dollars) bud...

‘Some banks, financial institutions facing crisis’   

FE Online Report October 19, 2019 20:07:58

Stating that some banks and financial institutions are facing crisis and navigating through difficult time, experts on Thursday said, proper monitoring, policy reforms, frequent auditing and selection...

Bangladesh to get highest assistance from WB: Finance minister

BSS October 19, 2019 16:54:09

Finance Minister AHM Mustafa Kamal has expressed his hope that Bangladesh would get its highest loan assistance from the World Bank this time.  “The World Bank is very much eager to lend a...