Loading...

Search results for: economy

Australian economy slows in Q3

-- December 06, 2017 13:37:19

Australian gross domestic product (GDP) grew by 0.6 per cent in the third quarter, slowing from the previous quarter when it rose 0.9 per cent, data from the Australian Bureau of Statistics showed. T...

China Nov data to show economy debt-pressed

Reuters December 06, 2017 13:05:55

A raft of Chinese data in coming weeks is expected to show the world’s second-largest economy came under growing pressure in November as the government intensified crackdowns on polluting indust...

Japan's Q3 GDP seen revised up slightly

-- December 06, 2017 12:34:49

Japan’s economy was expected to expand slightly faster in the third quarter than first estimated, a Reuters poll found. Strong capital spending and showing robust exports and business invest...

NBR finds two cos compliant as drive continues

Doulot Akter Mala December 06, 2017 11:44:27

The tax authority Tuesday inspected another company as part of its ongoing drive to find out incidences of non-compliance in payment of pay-roll tax by the foreign employees working in the country. T...

BB launches special inspection of troubled Farmers Bank

Siddique Islam December 06, 2017 11:13:44

The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-gene...

Two donors may finance another metro rail line

Munima Sultana December 06, 2017 09:48:03

The government is expecting to get necessary fund from two development partners for implementing another metro rail line (Hemayetpur-Gabtoli-Notun Bazar route) in the city. A mission from Asian Devel...

Muhith seeks more Saudi investments in BD

-- December 05, 2017 16:25:40

Finance Minister AMA Muhith on Tuesday sought more Saudi Arabian investments in infrastructure, power and other sectors in Bangladesh. “The government is providing all sorts of supports to the...

Saudi private sector growth rises

-- December 05, 2017 15:57:41

Saudi Arabia’s non-oil private sector grew at its fastest pace in two years in November, amid the sweeping crackdown on corruption, a survey showed on Tuesday. The survey indicated that the swe...

Irish services sector growth falls in Nov

-- December 05, 2017 15:48:51

Ireland’s services sector expanded at the slowest pace in 12 months in November due to weaker domestic demand, a survey showed on Tuesday. The Investec Services Purchasing Managers’ Ind...

US factory orders slip in October

-- December 05, 2017 15:42:42

New orders for US-made goods fell 0.10 per cent in October and shipments of core capital goods were much stronger than previously reported, the Commerce Department has said. Factory goods orders dipp...

Australian retail sales bounce in Oct

-- December 05, 2017 15:33:44

Australian retail sales bounced in October after months of lukewarm demand, a bright sign for spending in the upcoming holiday season as Amazon.com Inc opened its doors for business Down Under. The r...

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk December 05, 2017 12:55:22

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...

Asia-Pacific credit conditions improving, tail risks rising

FE Online Desk December 05, 2017 11:36:08

Credit prospects are better for Asia-Pacific economies given that market fears that were prominent a year agohave largely abated. That's according to S&P Global Ratings in a reportpublished rece...

Interest rate spread drops slightly in October

FE Report December 05, 2017 11:16:04

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

Confusion causes delay in Jamuna tunnel study

Munima Sultana December 05, 2017 10:00:53

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Stressed advances now 17pc of banks' outstanding loans

FE Report December 05, 2017 00:55:01

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

BD's investment policy most liberal, PM tells Cambodian businessmen

-- December 04, 2017 16:27:54

Prime Minister Sheikh Hasina has said investment policy of Bangladesh is the most liberal in South Asia. “It (the policy) includes protection of foreign investment by law, generous tax holiday,...

Global ad costs to grow 4.1pc in 2018: Zenith

Reuters December 04, 2017 15:35:01

Leading forecaster Zenith lowered its prediction for global advertising expenditure growth in 2018 to 4.1 per cent to reach $578 billion by the end of the year, with marginal downgrades in North Ameri...

Bangabandhu hi-tech park to create 14,000 jobs

-- December 04, 2017 13:32:19

Bangabandhu Hi-tech Park will create 14,000 new jobs in Rajshahi. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said this while he was distributing rehabilitati...

Britain to probe Brexit impact on drug sector

BBC December 04, 2017 10:12:02

Brexit may affect the cost of medicines and hit UK pharmaceutical investment, a Commons committee head has warned. Rachel Reeves, who chairs the Business, Energy and Industrial Strategy (BEIS) commit...

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam December 04, 2017 00:46:33

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their...

Bad debt grows faster than credit in Bangladesh!

-- December 03, 2017 22:23:21

Only 20 per cent of the loans written off by banks in Bangladesh have been recovered in the last 12 years, says a new report. The study by LR Global Bangladesh says the country has the highest share...

Foreign credit use to rise for financing budget deficit

-- December 03, 2017 21:18:30

A top official in Dhaka has said that the government wants to increase the use of foreign credit in offsetting the budget deficit. Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam on Su...

Remittance inflow rises 4.47pc in Nov

-- December 03, 2017 20:47:39

The country's remittance inflow has witnessed a 4.47 per cent rise in the month of November compared with last month of October 2017.  The increase is 27.68 per cent higher than that of November...

Khulna receives 146,000 tax returns

-- December 03, 2017 20:22:25

The income tax zone in Khulna received a massive response from the individual taxpayers in the current fiscal year as the record numbers of return submission and revenue collection had been made. On...

Foreign exchange reserves fall

-- December 03, 2017 18:52:55

Bangladesh's foreign exchange reserves fell in November, although it rose by four per cent than that of previous year. November’s foreign exchange reserve fell to US$32.60 billion from the prev...

IRRI claims rice research breakthrough after 9yrs

-- December 03, 2017 18:45:43

The International Rice Research Institute (IRRI) has briefed Bangladesh's Agriculture Minister Matia Chowdhury about the groundbreaking progress of a new rice type. Experts say the new variety, once...

Canada’s economy cools in Q3

-- December 02, 2017 11:34:09

The Canadian economy slowed in the third quarter after a hot first half of the year as exports tumbled, but an acceleration in hiring and wage growth last month was seen giving the central bank reason...

JICA sees SPM pipeline as major obstacle to Matarbari seaport

Syful Islam December 02, 2017 10:17:14

The pipeline of single point mooring (SPM) will emerge as a major obstacle to the main channel of the proposed seaport in Matarbari area, Japan International Cooperation Agency (JICA) has informed the...

NBR collects Tk 42.81b income tax until Nov 30

FE Report December 02, 2017 09:47:20

The National Board of Revenue (NBR) received over Tk 42.81 billion (4,281.32 crore) as income tax until November 30, 2017, up by 28.37 per cent over the corresponding time of 2016. A total of 15,56,6...