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Search results for: economy

Tax fair begins targeting Tk 30b revenue

-- November 01, 2017 14:55:30

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

CAB to organise meeting aiming reducing power tariff

FE Online Desk November 01, 2017 14:54:32

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...

China- ESCAP to strengthen PPP in Asia-Pacific

FE Online Report November 01, 2017 14:31:02

China and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have signed a new agreement to strengthen Public Private Partnership (PPP) in the region. They inked the d...

Mexico economy likely shrank in Q3

-- November 01, 2017 11:02:56

Mexico’s economy likely shrank for the first time in more than four years during the third quarter (Q3), after the country was battered by earthquakes and hurricanes in September. Gross Domesti...

America’s Chevron comes first under taxmen’s file search

 Doulot Akter Mala November 01, 2017 09:35:55

Taxmen started checking payroll status of foreign workers in Bangladesh through visiting corporate taxpayers' offices, and an oil giant came first under the probe. A taskforce team of the National B...

ICC-B chief for private sector's working with int'l bodies, govts

FE Report November 01, 2017 01:32:09

The 13th meeting of ESCAP Business Advisory Council (EBAC) in progress in Bangkok on Monday, presided over by EBAC Chairman Mr. Mahbubur Rahman (2nd from left). Also seen in the picture (from L-R) are...

BD 177th in ease of doing business ranking

FE Online Report October 31, 2017 20:27:31

Bangladesh has been ranked 177th among 190 economies across the world in the latest tally of ease of doing business, prepared by The World Bank. The report shows the country actually slipped one step...

Income tax fair begins Wednesday

-- October 31, 2017 19:47:43

Countrywide weeklong 'Income Tax Fair-2017' will begin on Wednesday to help the people pay their taxes and help in other tax related works. The fair will be inaugurated by State Minister for Finance...

Thrust on infrastructure development to attract FDI

-- October 31, 2017 16:35:51

Experts at a discussion in Dhaka have said infrastructure development is urgently needed to invite foreign investment to Bangladesh. They said if it could be ensured, more foreign investors will show...

Tk 17.30b project for rural bazaar dev

-- October 31, 2017 16:33:05

The Executive Committee of the National Economic Council (ECNEC) has approved the 'Development of infrastructures of countrywide rural bazaars' involving an estimated cost of Tk 17.30 billion. Under...

BD export earnings may slow down: UNESCAP

FE Online Report October 31, 2017 12:53:45

Growth of earnings from the merchandise export in Bangladesh may slow down in the next year, according to the latest forecast of the United Nations Economic and Social Commission for Asia and the Paci...

Maiden railway carriage plant in the making

FHM Humayan Kabir October 31, 2017 11:35:55

Bangladesh's maiden railway carriage-production plant is going to be established at Syedpur hub to meet a growing demand of the popular mass transport, now up for expansion. Officials said Monday the...

Brexit 'jeopardises' 75,000 UK jobs

BBC October 31, 2017 10:37:15

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. I understand senior figures at the Bank are using the nu...

DTCA amending metro law to suit subway construction

Munima Sultana October 31, 2017 10:09:47

Within over two years of enactment, the Mass Rapid Transit (MRT) Act is being amended to suit construction of subway as government high-ups want the high-speed train lines installed underground. Offi...

Bangladesh Bank urges banks to act cautiously

FE Report October 31, 2017 09:43:02

The Bangladesh Bank (BB) has advised the commercial banks to act cautiously, particularly in operating their offshore banking units (OBUs), to avert possible exchange rate risk in future. The banks,...

Bernicat asks BD to remove trade-related barriers

-- October 30, 2017 20:57:44

US ambassador in Dhaka Marcia Stephens Bloom Bernicat has said that Bangladesh needs to take steps for removal of some major barriers in a bid to attract foreign direct investment (FDI). In this rega...

Govt warns FIs of cyber espionage

-- October 30, 2017 18:34:16

The country’s all financial institutions (FIs) have been asked to take preventive measures in a bid to secure their online activities including financial transaction. The government instruction...

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

-- October 30, 2017 16:26:21

Sub-Saharan African economic growth is expected to rise to 3.4 per cent in next year from 2.6 per cent in 2017, International Monetary Fund (IMF) said in a report on Monday. The IMF warned that risin...

BB, banks review cheaper forex loan situation

Siddique Islam October 30, 2017 12:18:08

The central bank is scheduled to meet top executives of 29 commercial banks today to review the credit exposure of offshore banking units (OBUs) of the banks as well as the overall credit and deposit...

Dhaka, Beijing ink SPM loan deal

FE Report October 30, 2017 10:40:54

State minister for Power, Energy and Mineral Resources Nasrul Hamid sought Chinese assistance to implement the power and energy projects for boosting the country's economy. "Bangladesh currently requ...

Top US delegation to visit Myanmar, Bangladesh

FE Online Desk October 30, 2017 10:37:58

A top US delegation is going to visit Myanmar and Bangladesh to resolve the Rohingya crisis stemming from the persistent persecution of them in the former's western Rakhine state. Acting Assistant S...

EZ industries to pay duty, taxes on imports for selling goods locally

Doulot Akter Mala October 30, 2017 09:54:55

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industri...

PM urges businesses to look at South, SE Asian markets

-- October 30, 2017 00:51:13

Prime Minister Sheikh Hasina has said her government is encouraging the businesspeople to make more investment for further development of the country. She said South Asia as a whole is a big market....

Development fair kicks off

-- October 30, 2017 00:50:19

A six-day 'Development Fair' of Palli Karma Sahayak Foundation's (PKSF) kicked off in Dhaka on Sunday in a bid to help expand market for products produced at marginal level by the people involved with...

US anti-dumping duties on Chinese aluminium foil anger Beijing

-- October 30, 2017 00:48:55

BEIJING, Oct 29 (Reuters): China said it was 'strongly dissatisfied' with the US decision to impose anti-dumping duties ranging from 97 per cent to 162 per cent on Chinese aluminium foil, urging Washi...

Farmers face economic crisis due to sharp price fall

Rafiqul Islam October 30, 2017 00:47:45

KHULNA, Oct 29: Prices of shrimp (galda) have been declined around 50 per cent in the international market. Exporters are also experiencing internal problems. As a result, they are trying to recover t...

Focus on framework to boost private sector

-- October 29, 2017 23:56:14

Bangladesh needs internal institutional framework and stable energy policy to boost private sector for overall economic development. Experts made the remarks at a seminar organised by Dhaka Chamber o...

Mannan hints at reforming business policy

-- October 29, 2017 22:49:57

State Minister for Finance and Planning MA Mannan has termed the Bangladesh economy a private sector-led one and said the business policy will be reformed following consultations with the stakeholders...

India unveils trade route to Afghanistan via Iran

-- October 29, 2017 20:52:49

India is shipping its first consignment of wheat to Afghanistan by sea through Iran's strategic Chahbahar Port – thereby launching a trade route bypassing longtime rival Pakistan. The shipment,...

Nasrul banks on coordinated initiatives to ensure energy security

-- October 29, 2017 19:31:15

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said coordinated initiatives would ensure energy security in the country. "We have given emphasis on easy availability of cru...