Search results for: economy

Dhaka, Delhi agree on CEPA deal

-- September 26, 2018 15:06:45

Dhaka and New Delhi have agreed to forge the comprehensive economic partnership agreement (CEPA) to boost trade ties between the two neighbouring countries. Commerce Minister Tofail Ahmed and his I...

Trade war dims Asia's 2019 growth outlook: ADB

-- September 26, 2018 14:39:55

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the ADB said on Wednesday. Tightenin...

ADB projects 7.5pc growth for FY19

-- September 26, 2018 13:31:56

The Asian Development Bank (ADB) has projected 7.5 per cent economic growth for Bangladesh for the current fiscal year, slightly below than the government’s estimate of 7.8 per cent. The growth...

Banks to offer single-digit rate soon: Muhith

FE Report September 26, 2018 10:45:04

Finance Minister A M A Muhith has expressed the hope that the private commercial banks (PCBs) will bring down their lending rate to single digit shortly. "I expect the banks will bring it down. So...

Private foreign borrowing now costlier than before

Jubair Hasan September 26, 2018 09:36:08

Amid impending risks, foreign borrowing by the country's private sector keeps rising, which in turn increases the external debt gradually. Bankers, beneficiaries and financial market analysts said th...

Australian cash deficit reaches $10.1b

-- September 25, 2018 15:20:42

Australia's cash deficit has reached 10.1 billion Australian dollars or 0.6 per cent of GDP, the lowest level in a decade, the government announced on Tuesday. The Final Budget Outcome for the 2017-1...

Experts warn on crony capitalism gripping country

FE Report September 25, 2018 09:57:58

Bangladesh is going through a 'crony capitalism' phase due to the growing nexus between certain political class and business class, experts said at a workshop in the capital on Monday. Such 'monopoli...

US wants to invest in telecom sector

-- September 24, 2018 19:47:50

The United States has expressed its interest to investment in telecommunication sector of Bangladesh. US envoy in Dhaka Marcia Bernicat conveyed the interest of her country during a meeting with Post...

Waning grant flow impacting budget financing

Jasim Uddin Haroon September 24, 2018 09:31:37

The availability of foreign grant has been declining over the past few years, putting the government's budget financing under pressure. Development partners now view that Bangladesh's gross national...

‘Bangladesh economy performing well’

-- September 23, 2018 16:31:37

Expecting another decade of vibrant economic activities, Finance Minister AMA Muhith today (Sunday) said Bangladesh’s economy has been performing well for the last 10 years. “We have mana...

Resource mobilisation biggest challenge to SDGs: Report

Mehdi Musharraf Bhuiyan September 23, 2018 09:51:46

Resource mobilisation remains the "biggest challenge" for the implementation of the UN's Sustainable Development Goals in Bangladesh, a forthcoming government report has cautioned. Traditional source...

China's civil aviation sector grows steadily in Jan-July

-- September 22, 2018 14:19:15

The civil aviation sector in China expanded at a steady rate in the first seven months of the current year, according to the Civil Aviation Administration of China. Total air transport turnover reach...

Netherlands to help BD export jute products

-- September 22, 2018 13:45:36

The Netherlands has assured support for exporting diversified jute products from Bangladesh to the European Union (EU) market. This was conveyed to Bangladesh Ambassador to the Netherlands Sheikh Moh...

WB to help India get richer

-- September 22, 2018 13:29:31

The World Bank (WB) has endorsed an ambitious five-year framework for India with $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country. The...

HK's losses from Typhoon Mangkhut to be bigger than Typhoon Hato

-- September 21, 2018 20:33:25

HONG KONG: The overall economic impact of Typhoon Mangkhut, the most intense storm to hit Hong Kong since records began, is expected to be "significantly" higher than that caused by Typhoon Hato last...

Govt to modernize three jute mills

-- September 21, 2018 18:52:19

 The government has taken a project for modernization and expansion of three Jute mills under the Bangladesh Jute Mills Corporation (BJMC) at a cost of Tk 1.74 billion to retain the lost glory of...

Copper hits six-week high

-- September 21, 2018 18:27:25

Copper prices on Friday were on track for their biggest weekly rise since early June as investors calculated that a trade dispute between the United States and China could cause less damage than feare...

Access to China post ends Nepal’s dependence on India

-- September 21, 2018 17:51:37

KATHMANDU, Sept 21: China has granted Nepal access to its land and seaports, top officials of the two countries announced earlier this month, ending the landlocked Himalayan nation's dependence on Ind...

KSA to join China-Pakistan project

-- September 21, 2018 16:24:11

Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Pakistan Pr...

India gets $25-30b WB’s support for transition to high-middle income nation

-- September 21, 2018 16:15:11

A day after Indian Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board Friday endorsed an ambitious five-year Country Partnership Framework (CPF) fo...

Govt may increase gas prices next week

-- September 21, 2018 15:53:53

Government is all set to hike gas prices next week.   However, residential and commercial consumers will be spared from paying higher prices, according to a report by UNB.   The upward...

French second-quarter GDP grows 0.2pc

-- September 21, 2018 15:17:23

The French economy grew 0.2 per cent in the second-quarter (Q2), unchanged from a previous estimate and the same rate as that seen in the first quarter, official data showed on Friday. The world's...

Dollar struggles near 2-1/2-month lows, yen slips

-- September 21, 2018 14:11:36

The dollar struggled near 2-1/2 month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-US trade conflict would not lead to an...

Euro zone consumer confidence falls in September

-- September 21, 2018 13:27:38

Euro zone consumer confidence fell in September by more than expected, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer morale in September...

Dhaka sounds positive as Delhi pushes for CEPA

FE Report September 21, 2018 11:51:46

India is pressing Bangladesh to sign a comprehensive economic partnership agreement (CEPA) covering various aspects of economic relations, officials said. The neighbouring economic giant first raised...

Economists for environ fiscal reform

FE Report September 21, 2018 11:02:13

A group of economists suggested on Thursday the government conduct 'environmental fiscal reforms' to ensure 'green growth' in Bangladesh. They also called for imposing environmental taxes to raise...

Exports to China fall

FE Report September 21, 2018 10:43:03

Absence of direct marketing, limited exportables and language are major barriers to the rise of exports to China, traders and exporters said. They alleged that factors such as poor negotiating skills...

Free-of-cost remittance service likely: Muhith

FE Report September 21, 2018 10:29:40

The government is considering introducing a system so that the expatriates can remit their money free of cost, Finance Minister AMA Muhith said on Thursday. "We are actively considering the proposal...

Re-gasified LNG supply declines as vessel from Qatar fails to dock

FE Report September 21, 2018 09:31:35

RasGas's second LNG-carrying vessel has been struggling to dock with Moheshkhali's floating LNG (liquefied natural gas) import terminal in the Bay of Bengal over the past couple days due to rough sea,...

Budget execution lowest in four yrs

FE Report September 21, 2018 09:20:54

The budget implementation rate has fallen to its lowest level in four years in 2017-18 fiscal year, signifying the poor capacity of the public agencies. According to a preliminary estimate, the rate...