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Search results for: economy

'Bangladesh becomes self-sufficient in fish production'

BSS December 07, 2019 18:42:14

Bangladesh has attained self-sufficiency in fish production as the country’s per capita fish consumption has increased to 62.58 grams per day against the demand of 60 grams. State Minister for...

Cyprus economy likely to slow down in 2020

-- December 07, 2019 15:00:10

Cypriot Finance Minister Constantinos Petrides had said that the country's economic growth is expected to slow down to 2.9 per cent in 2020 from 3.2 per cent this year. Presenting to parliament the s...

Canada's jobless rate climbs to 5.9pc in Nov

-- December 07, 2019 14:21:25

Canada's jobless rate rose to 5.9 per cent in November from 5.5 per cent in October, Statistics Canada has said. According to the statistics report, published on Friday, the country’s job marke...

China’s RMG industry reports lower revenue

-- December 07, 2019 14:03:46

The revenue of China's ready-made garment (RMG) industry was lower in the first 10 months of the current year, said the Ministry of Industry and Information Technology (MIIT). From January to October...

Trade war goes digital: Countries eye tariffs on Internet economy

REUTERS December 07, 2019 10:17:24

A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing peo...

Q1 budget deficit soars

JASIM UDDIN HAROON December 07, 2019 10:12:15

The budget deficit during the July-September period last increased by nearly 200 per cent compared with the corresponding three months in 2018, as gains in tax receipts were offset by higher spendin...

Move to revamp BD missions abroad to spur export earnings

FE Report December 06, 2019 14:38:57

The government wants to rejuvenate its foreign missions abroad across the globe to help boost export earnings, officials have said. To this end, they said, an inter-ministerial committee will hold a...

ADB approves $1b emergency loan for Pakistan

-- December 06, 2019 14:23:33

The Asian Development Bank (ADB) has approved an emergency loan of 1.0 billion US dollar for Pakistan to provide immediate support to the country's finances and help strengthen a slumping economy. Th...

ADB approves $160m loan for Mongolia

-- December 06, 2019 14:14:31

The Asian Development Bank (ADB) has approved a loan of 160 million US dollars to support Mongolian government's efforts to improve the air quality and health in Mongolia's capital Ulan Bator. "Air p...

NZ c. bank alerts public to phone call scam

-- December 06, 2019 14:07:40

The Reserve Bank of New Zealand (RBNZ) is alerting the public to what appears to be an automated phone call scam randomly targeting members of the public, according to a statement on Friday. The scam...

Import taxes on seeds of spices go

FE REPORT December 06, 2019 10:54:21

Importers have been exempted from payment of all import taxes on different types of seeds of spices and pulses including pepper and coriander. The National Board of Revenue (NBR) has withdrawn the...

‘Businesses hampered as private banks yet to reduce lending rates’

FE Online Report December 05, 2019 22:00:52

No private bank has reduced the lending rates to single digits as yet, despite getting privileges from the government, which is having a negative impact on businesses. Commerce Minister Tipu Munshi c...

Export earnings fall again

FE Online Report December 05, 2019 15:34:06

The country's export earnings continued the negative trend as merchandise shipment witnessed a 7.59 per cent fall during the last five months of current fiscal year of 2019-20.  The aggregate e...

1.6m tourists visit Sri Lanka till Nov end

-- December 05, 2019 12:23:07

Tourist arrivals to Sri Lanka hit the 1.6 million mark in November with the arrival of over 175,000 tourists to the country by the end of the month, statistics from the Sri Lanka Tourism Ministry has...

Argentine central bank chief Sandleris steps down

Reuters December 05, 2019 11:42:02

Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America’s third-largest economy transitions to Peronism next week under newly elected President Albe...

Govt likely to cut foreign aid allotment in RADP

FHM Humayan Kabir December 05, 2019 10:33:54

The government is likely to slash foreign aid allocation in the upcoming revised development budget, as many ministries and divisions have sought lower funds, officials said on Wednesday. The Econo...

BB relaxes rules on repaying buyer's credit by importers

FE Report December 05, 2019 10:30:54

The central bank has relaxed regulations on short-term buyer's and supplier's credit borrowed from overseas sources for making payments on import of industrial raw materials. Importers are now allo...

NBR revenue falls 24pc short of July-Oct target

DOULOT AKTER MALA December 05, 2019 10:10:18

The first four months of the current fiscal year saw a tax revenue shortfall of around Tk 202.20 billion against the target. However, the volume of tax revenue collection registered a poor 4.33 per c...

Kamal for sector-wise, demand-based financing

BSS December 04, 2019 17:45:24

Finance Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring sector-wise and demand-based financing for those countries which are lagging behind in the economic and social sectors...

Trump comments, Uighur bill hurt prospects of US-China deal

Reuters December 04, 2019 13:57:03

US President Donald Trump’s comments that a trade agreement with China may have to wait until late 2020 and a House of Representatives bill targeting camps for Muslims in Xinjiang have cast doub...

Afghan gov't approves 35 contracts worth $46m

-- December 04, 2019 13:47:08

The Afghan government's National Procurement Commission (NPC) has approved 35 contracts worth 46 million US dollars, the Presidential Palace said on Wednesday. The NPC presided by President Mohammad...

Manila rejects BD's claim for RCBC fine money

FE Report December 04, 2019 10:12:31

The Philippines has declined Bangladesh's claim for the 20 million US dollars the Rizal Commercial Banking Corp (RCBC) was fined for its negligence in the $81 million Bangladesh Bank heist. "As it wi...

Industrial lending rate cut: BB gets down to work

SIDDIQUE ISLAM December 04, 2019 09:58:31

The central bank has started working on bringing down the industrial lending rate to a single-digit aiming to spur the country's overall economic growth through job creation and increased investment....

ADB approves $400m loan for Philippines

-- December 03, 2019 13:41:41

The Asian Development Bank (ADB) said on Tuesday that it has approved a 400 million US dollars policy-based loan to support the Philippine government's efforts to reduce the number of out-of-school an...

Number of tax returns from new taxpayers poor this year

DOULOT AKTER MALA December 03, 2019 10:01:49

The number of income tax returns, submitted by individual taxpayers until the deadline (December 01), remained far below taxmen's expectations. The number increased by only 0.1 million this year desp...

Govt almost exhausts bank borrowing target in five months

SIDDIQUE ISLAM December 03, 2019 09:50:31

The government is set to make a net borrowing of more than Tk 45 billion from the country's banking system in December to partly meet its budget deficit, officials said. The government's gross borrow...

Remittance inflow increases by 31.75pc in November

-- December 02, 2019 19:12:18

Bangladesh received $1,555.22 million in remittance in November of the current fiscal, which is apparently 31.75 per cent higher than that of same month of previous year, according to Bangladesh Bank...

US online shoppers spend $68 billion in Nov

-- December 02, 2019 12:31:43

US online shoppers spent 68.1 billion US dollars in November, with 7.4 billion dollars on Black Friday (Nov. 29) alone, data from the web analytics tool Adobe Analytics showed. US online shoppers spe...

ADB elects new president

-- December 02, 2019 10:42:14

The Asian Development Bank (ADB) announced on Monday that its Board of Governors has "unanimously elected" Masatsugu Asakawa as ADB president. Asakawa, 61, currently special advisor to Japan's prime...

Economic slowdown in India to impact BD, fears Muhith

FE REPORT December 02, 2019 10:00:08

Former finance minister A M A Muhith has said Bangladesh's economic growth might be impacted by the slowing down of neighbouring India's economy. "To my mind, the ongoing sluggish trend of Indian eco...