Search results for: economy

Pumpkin farming changes lot of 25,000 char families

-- November 17, 2018 16:28:18

Some 25,000 char families, mostly victims of river erosion and landless, changed fortune through farming pumpkin on sandbars in Rangpur agriculture region over the last nine years. Earlier, these hav...

California unemployment rate holds at record low

-- November 17, 2018 14:40:17

California's unemployment rate held at the record low of 4.1 per cent in October as employers added 36,400 nonfarm payroll jobs, the state Employment Development Department said Friday. The rate fi...

Middle-income status hinges on higher investment: MCCI

FE Report November 17, 2018 10:19:45

Bangladesh needs to catalyse more foreign and domestic investments if the country wants to attain the middle income status by 2021, a leading chamber has said. "There is no alternative to raising the...

India house prices to rise 2pc in 2019: Reuters poll

-- November 16, 2018 12:11:21

India house prices will rise 2.0 per cent in 2019, at half the rate of consumer price inflation, hit by dwindling credit supply, according to a Reuters poll of housing market experts. House prices ha...

US imports, exports prices rise in Oct

-- November 16, 2018 11:30:24

US import and export prices both increased in October, the US Bureau of Labor Statistics reported Thursday. Prices for US imports increased 0.5 per cent in October after advancing 0.2 per cent in S...

NBR bags Tk 2.44b on third day of income tax fair

FE Report November 16, 2018 10:06:06

Submission of income tax returns in the tax-fair across the country grew by 87 per cent on Thursday, the third day of the event, compared to that of the corresponding day last year. National Board of...

IMF expects Qatar economy to grow 2.4pc in 2018

-- November 15, 2018 11:54:03

Qatar’s GDP growth is projected to rise to 2.4 per cent in 2018 from 1.6 per cent in 2017 on the back of higher energy prices, the International Monetary Fund said on Wednesday. The country h...

Fairs fetch over Tk 5.5b in income tax on 2nd day

FE Report November 15, 2018 10:02:36

National Board of Revenue (NBR) received Tk 5.51 billion income tax on Wednesday, the second day of tax fairs that kicked off Tuesday. Tax fairs took place in a total of 62 areas across the country o...

Accelerated investment prerequisite for higher growth: ICCB

FE Online Desk November 14, 2018 17:58:46

Bangladesh will emerge as the biggest driving force in the global Gross Domestic Product (GDP) in 2030 as predicted by HSBC Global Report “The World in 2030”. The country is going to beco...

US budget deficit expands to $100b in Oct

-- November 14, 2018 12:42:18

The US federal government recorded a budget deficit of 100.5 billion US dollars in October, the first month of the government's fiscal year 2019, the Treasury Department said Tuesday. That's a 59 per...

WB budgetary support: BD likely to get $250m this fiscal

FHM Humayan Kabir November 14, 2018 12:39:54

The government has recently completed negotiations with the World Bank (WB) over US$750 million budgetary support credit to narrow its fiscal deficit, officials said on Monday. Within this fiscal yea...

Muhith wants taxpayers’ number to reach 40m

FE Report November 14, 2018 12:39:08

Income tax fair has begun in all divisional headquarters, four districts and seven upazilas. Finance Minister AMA Muhith inaugurated the weeklong tax fair Tuesday at city's Officers' Club premises on...

Experts sceptical of attaining SDGs by 2030

FE Report November 11, 2018 09:50:03

Experts at a seminar on Saturday expressed scepticism about achieving the sustainable development goals (SDGs) by the country within the stipulated timeframe. They listed a number of factors that mig...

Mexico's industrial activity grows 1pc in Sept

-- November 10, 2018 12:43:18

Mexico's industrial activity grew 1.0 per cent in September compared to August, its largest increase in nine months, the National Institute of Statistics and Geography (Inegi) has said. The growth...

Govt plans reforms in NBR to boost revenue collection

-- November 10, 2018 10:49:51

The government has taken an initiative to bring infrastructural reforms in the Internal Resources Division (IRD) and create new units at the National Board of Revenue (NBR) to boost revenue collection...

Dhaka to seek $4.0b more under IDA-18 package

FHM Humayan Kabir November 10, 2018 10:02:21

Bangladesh will seek US$4.0 billion more funds from the World Bank (WB) the global lender's replenishment meeting next week in Zambia, officials have said. Besides, it will request the Washington-ba...

July-Oct remittance up by 12.17pc

-- November 09, 2018 16:54:26

Expatriate Bangladeshis sent US$5,108 million remittances during the first four months of the current fiscal 2018-19 (FY19), which is 12.17 per cent higher than that of the previous fiscal, a Banglade...

Myanmar eases restrictions on foreign bank lending

Reuters November 09, 2018 15:33:57

Myanmar’s central bank has announced new rules allowing foreign banks to lend to local businesses, bringing further reforms to the country’s stunted banking sector. In a letter signed by...

Experts, planners air concern over unplanned urbanisation

FE Report November 09, 2018 15:02:56

Urban experts and planners at a seminar in the city have expressed concern over the trend of unplanned urbanisation and blamed personal interests, non-implementation of the plans that remain only in p...

Govt borrowing from savings tools rises in Q1

FE Report November 09, 2018 11:38:22

The government's net borrowing from state-owned savings instruments increased by more than 5.0 per cent in the first quarter (Q1) of the ongoing fiscal year compared to that of the previous fiscal, of...

Fed holds interest rates steady

-- November 09, 2018 11:30:29

The US Federal Reserve on Thursday left key interest rates unchanged, in line with market expectations, keeping the central bank on track to have one more rate hike in December. The Fed decided to...

Collectors' behaviour keeps people from paying taxes

FE Report November 09, 2018 09:57:34

Speakers at a dialogue on Thursday underscored the need for mobilising increased domestic resources and proper utilisation of foreign aid for development financing. They said though Bangladesh attain...

Australia launches $1.5b infrastructure fund for Pacific

-- November 08, 2018 13:28:28

Australia will offer Pacific countries up to 3.0 billion Australian dollar (USD 2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday. Austra...

BIMSTEC to push for free trade

FE Report November 08, 2018 12:17:26

Free trade issue and cooperation on customs matters will figure prominently in a two-day meeting of the BIMSTEC trade negotiating committee beginning in Dhaka on November 18, officials said. Other is...

NBR exempts BSC from VAT on buying six Chinese ships

Doulot Akter Mala November 08, 2018 11:36:28

The National Board of Revenue (NBR) has exempted the Bangladesh Shipping Corporation (BSC) from paying Value Added Tax (VAT) on account of its purchase of six new ocean-going ships. Otherwise, the co...

Remittance inflow marks rise in Oct

-- November 07, 2018 20:42:09

The country's remittance inflow marked a rise in October after its decline in September this year. As per the statistics provided by the Bangladesh Bank, the country received $1.239 billion in remitt...

Gulf countries need to raise $300b by 2021: S&P

-- November 07, 2018 16:05:31

The GCC countries will need to raise about $300 billion(228.71 billion pounds) between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P....

$200m ADB loan for rural road network development

FE Report November 07, 2018 14:06:42

The Asian Development Bank (ADB) will provide more than $200 million as credit to help improve rural road network for 51.5 million people in Bangladesh. The ADB Board of Directors gave approval to...

Remittance inflow rises by 12pc in first four months of FY'19

FE Report November 07, 2018 10:01:40

The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recen...

July-Oct export earnings stand at $13.65b

FE Online Report November 06, 2018 21:32:02

Export earnings from the country’s merchandise shipment during the first four months of current fiscal year (FY19) stood at $13.65 billion marking, an 18.65 per cent growth over the correspondin...