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Search results for: economy

Bangladesh slips one step in global entrepreneurship index

FE Report December 02, 2017 09:36:18

Bangladesh fell one notch down the latest Global Entrepreneurship Index to 134th position among 137 countries taken for global ranking, indicating some drawback to the country's business environment....

Entrepreneurs should supplement economic growth, urges Tofail

-- December 01, 2017 19:40:57

Commerce Minister Tofail Ahmed on Friday urged private sector entrepreneurs to add-on to the government's efforts to build a self-sufficient economy. The minister said it while speaking as chief gue...

Jewellery sector in jeopardy as artisans opt out

-- December 01, 2017 16:40:29

Many goldsmiths and artisans are leaving their job or migrating to India as the demand for gold ornaments falls and the wages decline. The mass opt-out of the goldsmiths and artisans has put the coun...

Japan Oct CPI edges up

-- December 01, 2017 14:53:55

The core consumer prices in Japan rose in October from a year earlier, marking the 10th straight month of gains, but a narrower measure that excludes energy showed inflation has not accelerated for th...

Ireland’s manufacturing output surge

-- December 01, 2017 14:42:51

Ireland’s manufacturing output growth accelerated in the three months to November, surged to an 18-year high, a survey showed on Friday. The output seen higher, with strong new orders at home...

China factory growth slows in Nov: Caixin PMI

-- December 01, 2017 14:35:09

China’s manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence, survey showed. The...

India's economy grows 6.3pc in Q3

-- December 01, 2017 14:24:50

India's economic growth bounced back in the second quarter (July-September), grew 6.3 per cent in the Q2 from a year earlier, government data showed on Thursday. Gross domestic product (GDP) grew fas...

WB to help introduce direct cash delivery by banks

FHM Humayan Kabir December 01, 2017 10:51:42

The World Bank (WB) would assist in rebuilding the system of government cash transfers under the social-safety-net programme (SSNP), introducing direct delivery by banks to recipients to end irregular...

'Extend bond facility to potential non-RMG sectors too'

FE Report December 01, 2017 10:28:35

Speakers at a roundtable recommended Thursday the government to offer uniform incentives, including the bonded warehouse facility, to the non-readymade garment sector to help diversify export items....

Bangladesh needs to highlight LDC advantages: Experts

FE Online Report November 30, 2017 20:20:53

Bangladesh should discuss its advantage as both an Least Developed Country (LDC) and non-LDC prospective in the upcoming WTO ministerial in Buenos Aires, said participants at a dialogue on Thursday. &...

‘Asia can attain sustainable growth thru’ SMEs’

-- November 30, 2017 19:14:24

Asian countries can achieve higher economic growth if they take innovation steps to develop Small and Medium Enterprises (SMEs), said Industries Minister Amir Hossain Amu. "SMEs considered as a vital...

NBR secures copyright of 'Tax ID Card'

-- November 30, 2017 18:45:33

The National Board of Revenue (NBR) has secured the copyright of 'Tax ID Card', a creative innovation of the revenue authorities to honour taxpayers in the country. The copyright office of the Cultu...

UN official sees BD on right track to graduate from LDC status

FE Online Desk November 30, 2017 15:52:09

A United Nations high official has said that Bangladesh seems to be on the right track to graduate from the Least Developed Country (LDC) status within the targeted timeframe. Fekitamoeloa Utoikamanu...

Yellen reiterates gradual rate hike path

-- November 30, 2017 15:12:10

US Federal Reserve Chair Janet Yellen reiterated that the low inflation might reflect transitory factors and expected inflation will move up to 2.0 per cent target over the medium term. She said that...

Thirty global firms to supply LNG to BD from spot mkts

M Azizur Rahman November 30, 2017 11:44:21

Bangladesh has selected 30 firms and their consortia from different countries across the globe to source LNG (liquefied natural gas) from spot markets to ensure availability of the energy. The Rupant...

SoEs' profit fall squeezes FY17 revenue earnings

Jasim Uddin Haroon November 30, 2017 10:27:55

Country's revenue from the second-biggest source shrank in 2016-17 as receipts from dividends and profits of the state-owned enterprises (SoEs) fell over 29 per cent short of Tk 323.50-billion target....

Individual tax return submission time expires today

FE Online Report November 29, 2017 20:58:18

The time for submission of tax returns by individual taxpayers is set to expire tomorrow (Thursday). The individual category taxpayers will have to pay 2.0 per cent monthly interest on the payable ta...

China to invest $2.3b in steel, power

-- November 29, 2017 19:38:55

China’s Kunming Iron & Steel Holding Company Ltd. will invest $2.3 billion for setting up a steel factory and a power plant in either Maheshkhali or Mirsarai economic zone. Bangladesh Econ...

Philippine cbank expects 2.9-3.6pc inflation in Nov

-- November 29, 2017 14:51:16

The Philippine central bank said on Wednesday that annual inflation in November was expected to be within a range of 2.9-3.6 per cent. The central bank hopes the inflation range with the impact of hi...

Mexican inflation ‘may not fall as forecast’

-- November 29, 2017 14:36:27

Mexico’s incoming central bank governor Alejandro Diaz de Leon on Tuesday said inflation may not fall as forecast. He said the inflation may steady because of recent and future shocks, laying o...

UK shop prices slip for third month

-- November 29, 2017 14:23:09

British shop prices edged down by an annual 0.1 per cent for the third month in a row during November, according to a survey. The survey chimed with the Bank of England’s thinking that inflatio...

Govt tightening EEF terms to ensure fund recovery

Syful Islam November 29, 2017 01:29:01

  The government is set to toughen agreed commitments from borrowers of the Equity and Entrepreneurship Fund (EEF) to help recovery of funds in case of project failure. The government move cam...

90m people alleviated from poverty: Muhith

-- November 28, 2017 22:35:32

Nearly 90 million people have been alleviated from poverty line in the last eight years, claims Finance Minister AMA Muhith on Tuesday. "We've brought around 90 million people out of poverty line. B...

Sustainable economy must to realise SDGs: Inu

-- November 28, 2017 21:39:18

Information Minister Hasanul Haq Inu has said poverty alleviation and gender discrimination are the main barriers to achieving SDGs. To address these two key challenges he highlighted the involvement...

Govt okays Tk 23.12b project to rehabilitate Rohingyas

FE Online Report November 28, 2017 17:34:01

The government has approved a Tk 23.12 billion project to rehabilitate Rohingyas at Bhasanchar of Hatia in Noakhali district.  The Rohingyas will be rehabilitated at Bhasanchar on a temporary ba...

PM to launch RNPP construction Nov 30

FE Report November 28, 2017 15:55:14

The government is all set to begin the construction phase of the 2,400 megawatt (MW) Rooppur Nuclear Power Plant (RNPP) with pouring the first nuclear concrete on Thursday (November 30). Prime Minist...

India's govt ‘wants rate cut’ before March

-- November 28, 2017 15:47:42

Indian finance ministry said that the government wants a rate cut sooner than that, putting a focus on the MPC meeting on Dec. 5-6, or when it next convenes in February. “We expect the RBI to c...

NI-inspected 513 RMG units face closure

Monira Munni November 28, 2017 09:22:59

Some 513 or one-third of the readymade garment (RMG) factories inspected under the national initiative (NI) have faced closure as they might have failed to compete in the market and comply with the re...

Govt to issue three new bank licences

-- November 27, 2017 21:49:08

Finance Minister AMA Muhith has revealed that the government is going to issue licenses for setting up three new banks. Removing all confusion over the permission of new banks, he categorically said,...

Bad loans worrisome for economy: ICC,B

-- November 27, 2017 21:34:51

International Chamber of Commerce, Bangladesh (ICC,B) President Mahbubur Rahman has said continuous increase in bad loans is very alarming for the banking sector as well as the economy. "Because of b...