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Search results for: economy

Buyers’ credit jumps by 20pc in first half for low interest

Siddique Islam September 07, 2017 00:58:37

The volume of buyers' credit jumped by over 20 per cent in the first half (H1) of this calendar year as importers excessively bank on such cheaper foreign-currency loans.   Sources said a sect...

Career considerations in today’s changing economy and technology

Shaha Rakesh Nishan September 07, 2017 00:52:27

The pace at which the world is growing is an indication for today's employees and the new graduates to constantly update and adapt themselves with the changing economy and technology. Additionally, th...

Rangpur growers attain financial solvency from chilli cultivation

Our Correspondent September 07, 2017 00:46:58

A view of a chilli field in Char Nazirdaho under Kawnia of Rangpur. The photo was taken on Wednesday. — FE Photo RANGPUR, Sept 06: Farmers at different areas under the district are getting fina...

Industrial park in Malaysia's Kuantan on track, says MCKIP chairman

-- September 07, 2017 00:37:15

KUALA LUMPUR, Sept. 6 (Xinhua): The Malaysia-China Kuantan Industrial Park (MCKIP), the first industrial park to be jointly developed by Malaysia and China, is on track to achieve its investment targe...

China to spend over $1.0t on planes over next 20 yrs: Boeing

-- September 07, 2017 00:35:57

BEIJING/SHANGHAI, Sept 6 (Reuters): Chinese airlines are likely to buy more than 7,000 planes worth $1.1 trillion over the next 20 years, as they grow their fleets to meet robust demand for domestic a...

'Ethnic groups playing role in boosting economy'

-- September 06, 2017 21:09:00

State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday said Ethnic minority groups are playing a vital role in the development of the country, says the state mini...

India freezes bank accounts of shell cos

-- September 06, 2017 19:01:06

India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and tax evasion, the finance ministry has said. The latest action against shell...

REER index up in FY17

FE Online Report September 06, 2017 14:00:48

Index of Real Effective Exchange Rate (REER) of Bangladeshi currency increased to 140.32 at the end of the past fiscal year (FY17) which was 138.33 at the end of FY16, the Bangladesh Bank data reveale...

German industrial orders fall in July

Reuters September 06, 2017 12:26:46

German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday. Factories registered a 0.7 per cent drop in orders after...

Consensus on key economic issues

From Jubair Hasan in Xiamen, China September 06, 2017 10:50:41

A three-day long BRICS Summit came to an end on Tuesday reaching consensus on some key economic issues that leaders believe will make voices of the developing countries much stronger in the globalised...

Govt set to revise GDP base year

-- September 06, 2017 10:03:49

The government is going to rebase and revise the GDP year to 2015-16 from the existing 2005-2006, incorporating many more emerging areas of economic activities into the calculation of economic output....

BD performance in financial inclusion not impressive: survey

Jasim Uddin Haroon September 06, 2017 09:46:47

Bangladesh lags behind neighbouring India and Pakistan in attaining financial inclusion of people from various social strata, according to a survey.   The country ranked 19th, scoring 66 in the...

Axiata sees strong QoQ results

FE Online Desk September 05, 2017 14:13:34

Axiata Group Berhad reported a strong quarter-on-quarter (QoQ) performance leading to a better first half for 2017. The Asian telecom giant, recently published its quarterly financial report for the s...

BB team off to Manila for heist money recovery

Reuters September 05, 2017 11:33:09

Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve...

NBR sets strategies to collect revenue from large taxpayers

Doulot Akter Mala September 05, 2017 10:12:27

Taxmen hope to harness a higher amount of Tk 550 billion in revenue from large taxpayers this fiscal year by executing a strategic plan. The strategic plan is evidently drawn amid anticipation of r...

Govt resumes borrowing from banks to meet budget deficit

Siddique Islam September 05, 2017 09:44:34

The government restarted borrowing from the banking system, ending over a month's suspension, through auctioning its securities for part financing of budget deficit.   Exigencies of food import...

China pledges $76m for BRICS co-op plan

Reuters September 04, 2017 10:56:44

Chinese President Xi Jinping arrives for a group photo during the BRICS Summit at the Xiamen International Conference and Exhibition Center in Xiamen, southeastern China's Fujian Province, China Septe...

Bangladesh for strengthening SAFTA, BIMSTEC

-- September 03, 2017 18:01:49

Bangladesh has emphasised on strengthening business alliances like the South Asian Free Trade Area (SAFTA) and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)...

Confce on climate change begins Sep 26 in Tokyo

FE Online Desk September 03, 2017 15:09:11

  A two-day international conference titled  ‘Globalization, Environment and Climate Change’ begins  September 26 in Tokyo, Japan.   Asian Development Bank Institute...

Strong rupee hurting India

-- September 02, 2017 21:46:07

India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the...

Int’l confce on challenges for sustained growth in Asia begins in Seoul Sept 7

FE Online Desk September 02, 2017 20:13:45

A two-day  international conference titled  ‘Prospects and Challenges for Sustained Growth in Asia’, co-organised by the Korean Ministry of Strategy and Finance, the Bank of Kore...

Tech Billionaire pledges $36m in Harvey relief

-- September 02, 2017 20:02:14

Michael Dell, the billionaire Texan who founded Dell Technologies, has pledged $36 million of his foundation’s money to help disaster relief efforts in the wake of Hurricane Harvey. The gift fr...

Slowdown-hit Indian economy counts costs of stronger rupee

-- September 02, 2017 18:09:12

NEW DELHI: India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of in...

No ban on rawhide entry to Hazaribagh

-- September 02, 2017 15:53:28

The authorities will not stop traders taking rawhide to Hazaribagh after the Eid-ul-Azha unlike last year after relocation of tanneries to Savar. Bangladesh Tanners' Association General Secretary S...

Australia invests $79.7m to secure mining investment

-- September 02, 2017 15:33:25

Australia will commit A$ 100 million (US $ 79.7 million) to secure private investment in greenfield mineral exploration across the country to drive a new wave of discoveries and restart the flagging m...

Int'l seminar on BD agri microfinance Sept 19 in Tokyo

FE Online Desk September 02, 2017 14:06:27

Asian Development Bank Institute (ADBI) will hold a seminar titled ‘Shocks and Brave Farmers: Evidence from a Randomized Agricultural Microfinance Experiment in Bangladesh’ on September 19...

BIDV outlook on long-term rating is stable, says S& P

FE Online Desk September 02, 2017 13:42:11

S&P Global Ratings affirmed the 'B+' long-term and 'B' short-term issuer credit ratings on the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). The outlook on the lon...

Non-resident holdings of t-bonds unchanged for five months

FE Online Report September 02, 2017 11:25:32

Monthly outstanding treasury bonds, held by the non-resident investors, have been unchanged since March this year.   The latest statistics of the central bank showed that the value of outstandi...

Export to Italy reaches $889m in Jan-July

FE Online Report September 02, 2017 11:15:19

Country’s merchandise export to Italy reached $889 million in the first seven months of the current calendar year, the latest statistics of the Export Promotion Bureau (EPB) revealed the data....

Export to India stands $378.61m in Jan-July

FE Online Report September 02, 2017 11:06:09

Country’s merchandise export to India reached at $378.10 million in the first seven months of the current calendar year, according to the latest statistics of the Export Promotion Bureau (EPB)....