Search results for: economy

Private sector credit growth exceeds target in June

Siddique Islam July 23, 2018 10:27:25

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said. The growth in credit flow to private sector came...

'Trade tensions posing increased risk to global growth'

-- July 22, 2018 19:38:35

Finance ministers and central bankers from the world’s largest economies have said heightened trade and geopolitical tensions  are posing an increased risk to global growth. They have call...

Use ADR to overcome troubled loan situation

FE Report July 22, 2018 15:02:08

Businesses and professionals raised concern on Saturday over the growing volume of non-performing loans (NPLs), which could jeopardise the economic health of the country. To overcome the unpleasant s...

China-funded projects in slow lane on land acquisition delays

Mir Mostafizur Rahaman July 22, 2018 10:22:15

Bureaucratic tangle and slow land acquisition have delayed the progress of eight China-funded government to government (G2G) projects. Infrastructure projects like Multilane Road Tunnel under the R...

Banks exceed ADR on higher than targeted private credit flow

FE Report July 22, 2018 09:58:02

Higher than targeted private sector credit growth compared to deposits is believed to be the key reason for exceeding the advances-deposits ratio (ADR) by private banks. This was revealed in a study...

Argentina 'unequivocally' making fiscal progress: IMF

Reuters July 22, 2018 09:54:06

Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund (IMF) program, Fund Managing Director Christine Lag...

NBR moves to bring more people under tax net

-- July 21, 2018 18:50:20

In an effort to expand country's narrow tax base, the National Board of Revenue (NBR) has moved to gather 'secondary data' of potential new taxpayers. In a country of over 160 million (16 crore) popu...

Myanmar's foreign trade reaches $10.2b in three months

-- July 21, 2018 13:14:17

Myanmar's trade with foreign countries has reached $10.2 billion as of July 17 during the six-month transitional period which started in April, according to the figures of the Commerce Ministry Saturd...

Brazil cuts GDP growth forecast to 1.6pc

-- July 21, 2018 12:57:12

The Brazilian government has cut its forecast for gross domestic product (GDP) growth this year to 1.6 per cent from 2.5 per cent and raised the estimate for the inflation rate in 2018. The governm...

Manpower export to Singapore on downswing

Arafat Ara July 21, 2018 11:00:25

The outflow of Bangladeshi workers to Singapore declined significantly in last three years due to various reasons including an image crisis which was created over arrest of some Bangladeshi nationals...

Bumper wheat harvest may ignite Argentina economy

-- July 20, 2018 21:19:55

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

Japan’s core CPI rises 0.8pc in June

-- July 20, 2018 14:12:01

Japan's core consumer prices increased in June from a year earlier owing to rising costs for energy, the government said in a report on Friday. According to the Ministry of Internal Affairs and Com...

N Korean economy falls lowest in 20 years

-- July 20, 2018 13:23:00

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday. Gross domestic product (GDP) of the isolated nation fell to...

Bumper wheat harvest may ignite Argentina economy

-- July 20, 2018 13:16:15

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

North Korea economy shrinks at sharpest rate in 20 years as sanctions bite

-- July 20, 2018 12:37:38

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, in a clear sign international sanctions imposed to stop Pyongy...

GDP growth beats ADB forecast

FE Online Report July 19, 2018 20:04:11

Country’s growth has surpassed last forecast at the Asian Development Outlook (ADO) as its agriculture and industry growth was higher than expected, the Asian Development Bank (ADB) has said....

Australia jobs jump in June

-- July 19, 2018 12:33:11

Australian employment surged by the most this year in June as firms took on more full-time workers, yet the jobless rate held steady as more people entered the labour force in a trend that has curbed...

S Korea cuts economic growth outlook

-- July 18, 2018 13:02:27

South Korea on Wednesday cut its economic growth to 2.9 per cent forecast from 3.0 per cent for the current year, citing a feeble labour market recovery and global trade tensions. In its bi-annual ec...

LDC graduation: Planning minister calls for more int'l support

FE Report July 18, 2018 10:32:41

Planning Minister AHM Mustafa Kamal has urged the global development and trading partners to extend support for Bangladesh during its graduation to a developing nation status. He said, "A growing n...

Bangladesh calls for increased global support during graduation period

FE Online Report July 17, 2018 20:56:00

Planning Minister AHM Mustafa Kamal urged global development and trading partners to extend support to Bangladesh during its graduation process to developing nation.  “A growing number of...

BB denies gold scam report

-- July 17, 2018 20:12:53

The Bangladesh Bank has claimed that the gold kept by the customs at the central bank’s vault was not adulterated. The central bank made the statement at a press conference on Tuesday afternoon...

Singapore's NODX grows 1.1pc in June

-- July 17, 2018 11:22:21

Singapore's non-oil domestic exports (NODX) grew 1.1 percent year on year in June, Enterprise Singapore, a government agency that champions enterprise development, announced on Tuesday. The city st...

Muhith seeks info on state of banks

Rezaul Karim July 17, 2018 11:15:32

Finance Minister AMA Muhith has sought detailed and updated information about the country's scheduled banks. Mr Muhith asked the senior secretary of the Financial Institutions Division (FID) to take...

Bidding for Laldia terminal by July

Syful Islam July 17, 2018 10:19:11

The bidding for the construction of Laldia multi-purpose terminal in Chattogram will take place by this month, officials said. To this end, the Public-Private Partnership Authority (PPPA) has recentl...

China GDP growth slows to 6.7pc in Q2

-- July 16, 2018 13:43:26

China economy grew 6.7 per cent in second quarter year-on-year, its slowest pace since 2016, as Beijing’s efforts to contain debt hurt activity. The country’s June factory output growth w...

Microcredit gains momentum

FE Report July 16, 2018 10:39:32

The number of microcredit beneficiaries across the country rose significantly in one year to June 2016, according to the Microcredit Regulatory Authority (MRA) data. The total number of loan recipien...

Record govt servants to retire this FY

Jasim Uddin Haroon July 16, 2018 09:54:29

A record number of public servants are set to go into retirement during the current fiscal year (FY), 2018-19. The government will require an amount estimated at Tk 260.47 billion to meet their pensi...

BD’s position drops in global innovation index

FE Online Report July 15, 2018 16:38:06

The position of Bangladesh in the latest global index of innovation has dropped by two steps. The country ranked 116th among 126 countries in the Global Innovation Index (GII)-2018 which is co-publis...

Secondary trading slips by 62pc in FY ‘18

FE Report July 15, 2018 10:29:42

Secondary trading of treasury bills and treasury bonds has dropped sharply during the last fiscal year, reflecting the lower demand for the government securities. Latest statistics with the central b...

Copper heads for fifth weekly loss

-- July 14, 2018 21:38:04

LONDON, July 14 (Reuters): Copper headed for a fifth weekly loss on Friday as trade tensions between the United States (US) and China rumbled on, while aluminium hit a three-month low ahead of a summi...