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Search results for: economy

Sri Lanka's Central Bank governor resigns

-- November 26, 2019 13:36:49

Sri Lanka's Central Bank Chief Indrajit Coomaraswamy has tendered his resignation and will step down from the post next month, local media reports said on Tuesday. Coomaraswamy tendered his resignati...

Denmark to provide $11m to strengthen EU action in Africa

-- November 26, 2019 13:29:39

The Danish government is to provide 75 million Danish Krones (around 11 million US dollars) to strengthen European Union (EU) action in Africa, said a press release. According to the statement, relea...

China, US hold talks on 'phase one' trade deal

Xinhua November 26, 2019 12:52:48

Chinese Vice Premier Liu He, chief of the Chinese side of the China-US comprehensive economic dialogue, held a phone conversation with US Trade Representative Robert Lighthizer and Treasury Secretary...

ADB to provide $161m in project loans

FE REPORT November 26, 2019 11:20:35

Asian Development Bank (ADB) has committed to provide US$161 million for developing Bangladesh's technical manpower and urban sector facilities. The Economic Relations Division (ERD) signed three loa...

‘Bangladesh has huge competitive edge in manufacturing sector'

FE REPORT November 26, 2019 11:13:58

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim said the country has a huge competitive edge in the manufacturing sector. "Our competitiveness i...

ADB cautions against 13 problem projects

FE REPORT November 26, 2019 10:11:01

The Asian Development Bank, or ADB, on Monday urged government agencies to implement projects in time, which faced hiccups in execution, officials said. The Manila-based lender has also cautioned tha...

ICC Bangladesh delegation calls on former UN secretary-general

FE Online Report November 25, 2019 18:38:36

ICC Bangladesh President Mahbubur Rahman called on former UN secretary-general and Chairman of the Global Commission on Adaptation Dr Ban Ki-moon during his recent visit to Dhaka. ICC Bangladesh Pre...

Cabinet approves draft law to unlock potential of blue economy

BSS November 25, 2019 17:32:46

The Cabinet has approved in principle the draft of Bangladesh Maritime Zones Act 2019 with an aim to unlock the potential of blue economy and checking crimes, particularly piracy on the sea. The appr...

Kazakhstan to modernise 3,477 villages by 2024

-- November 25, 2019 14:09:55

Kazakhstan plans to modernise 3,477 villages by 2024 in accordance with new regional standards, making drinking water, repaired roads and basic social facilities available in the most remote rural are...

Bangladesh needs to diversify export basket: Experts

FE Report November 25, 2019 09:59:21

Bangladesh needs to diversify its export basket and comply with the rules of the World Trade Organisation (WTO) to overcome challenges that would emerge after the country's graduation from the group o...

China's economic health important to world: IMF chief

Xinhua November 24, 2019 16:54:19

China has been a major growth engine for the world economy, and its economic health bears global significance, International Monetary Fund (IMF) Managing Director Kristalina Georgieva told Xinhua in a...

Tax shortfall: Lower import of 10 major items, exemptions blamed

DOULOT AKTER MALA November 24, 2019 10:24:25

Revenue officials have delved into why tax shortfall has hit Tk 149.06 billion during the first quarter of the current fiscal year, missing the target. In a written paper, both customs and VAT wing e...

Foreign debt payment shoots up in first quarter

JASIM UDDIN HAROON and REZAUL KARIM November 24, 2019 09:53:05

The country's external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed...

Croatia to hire over 78,000 foreign workers in 2020

-- November 23, 2019 12:45:45

The Croatian government has set an annual quota of 78,470 permits for hiring foreign workers in 2020. The government unveiled the quota after a regular meeting on Friday, reports Xinhua. A total of...

Australia gives $300m loan to PNG for budget support

-- November 23, 2019 11:49:51

Australia on Saturday said it would provide a loan of $300 million as direct budget assistance for the Pacific island of Papua New Guinea (PNG) and aid its economic reforms and government financing....

Sonadia Island's 'virginity' at risk

ABDUL MONAYEM KHAN November 23, 2019 10:38:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local peo...

Tapping tourism potential crucial to BD economy

SAIF UDDIN November 23, 2019 10:31:52

Despite enormous potential of tourism in Bangladesh, the sector is facing different challenges like inadequate infrastructure, high cost of doing business and lack of branding, according to a study....

Pilot project on Vannamei culture gets govt nod

-- November 23, 2019 10:15:24

The crisis-hit shrimp industry, which has seen a gradual fall in exports over the last five years, is now looking for a breakthrough by introducing a new variety called vannamei or white shrimp. Th...

Budget deficit hits 11-yr high in FY ‘19

JASIM UDDIN HAROON November 23, 2019 09:54:15

The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fi...

Fed official sees biggest risk to US economy from tariffs

-- November 22, 2019 12:46:14

The biggest risk to the overall US economy remains tariffs and trade as businesses have cut back on investment, a US Federal Reserve official has said. "Right now, overall, my base case scenario is c...

BB waives PKB from keeping 13pc SLR

FE REPORT November 22, 2019 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

-- November 21, 2019 18:33:41

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

ADB introduces new loan pricing for higher income countries

-- November 21, 2019 13:55:37

The ADB has introduced a new loan pricing for its developing member countries and economies with higher income sub-groups paying higher maturity premiums for longer term loans. The Asian Development...

Remittance incentives: Conversion of local currency allowed

FE Report November 21, 2019 10:44:32

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

China 'not stepping up' in trade talks, Trump says

Reuters November 21, 2019 10:42:31

US President Donald Trump said on Wednesday he has not made a trade deal with China yet because Beijing is not “stepping up” in negotiations. “I don’t think they’re step...

CPD warns of debt-servicing trouble

FE REPORT November 21, 2019 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BSS November 20, 2019 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

Fuel oil import to drop 24pc in H1, 2030

Test from developer November 20, 2019 17:45:00

State-owned Bangladesh Petroleum Corporation (BPC) will import around 1.06 million tonnes of refined fuel oil during a period from January to June (H1) in 2020. The purchase from open market through...

Kamal seeks more Turkish investment

-- November 20, 2019 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON November 20, 2019 10:34:51

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...