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Search results for: economy

Bangladesh-India opens new sea route

-- October 29, 2017 19:23:38

A new sea route between Bangladesh and India was inaugurated on Saturday, by sailing a RORO ship carrying 185 trucks from Chennai Port to Mongla Port.   India’s Minister of Shipping,...

Thrust on formulating separate Islamic banking law

FE Report October 29, 2017 11:55:10

Experts have urged the government to introduce a separate and comprehensive law for regulating and promoting Islamic banking business in the country. "We cannot run our Islamic banking business at it...

Seven Rings Cement honours 15 govt entities

FE Online Desk October 29, 2017 11:30:33

Seven Rings Cement, a sister concern of Hong Kong-based Shun Shing Group International Ltd. (SSGIL) recently arranged a programme titled “Tribute to Nation Builders” at Radission Blue Dhak...

Rising NPLs' possible financial feedback impacts worrisome

 Jasim Uddin Haroon October 29, 2017 10:27:46

Swelling non-performing loans in Bangladesh, among other regional countries, is worrisome for their potential macro-financial "feedback" effects like economic growth and employment slowdowns. The As...

Online VAT return submission from November

-- October 29, 2017 10:17:13

  The online submission of Value Added Tax (VAT) return and payment will start in November in a move to provide the taxpayers a hassle-free environment and boost the revenue collection. “...

Most land customs stations prove do-nothings

Doulot Akter Mala October 29, 2017 10:04:57

Nearly 80 per cent of the country's land customs stations currently lie as do-nothings for lack of export-import operations, in a sheer waste of public money, sources said. The number of active Land...

WB prescribes sustainable urbanisation for BD

-- October 28, 2017 20:39:15

The World Bank (WB) has suggested Bangladesh that the South Asian country needs sustainable urbanisation to become an upper middle-income country by its 50th founding anniversary. "Cities are the eng...

'Family loses Tk 5,000 per month for pollution'

-- October 28, 2017 19:16:26

A family living in Dhaka city has to incur a loss of additional Tk 4,000-Tk 5,000 per month, on average, due to dust pollution. City households have to spend the additional money on cleaning up their...

German budget surplus could reach 14b euros

-- October 28, 2017 18:22:18

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela Merkel's conservative bloc as it tries to forge a n...

Traders call for restructuring registration, renewal fees

Talha Bin Habib October 28, 2017 11:00:48

Traders have suggested that the government should restructure the registration and renewal fees for the import and export permits in order to boost import and export business in the country. Several...

Banks start long-term project funding

Jasim Uddin Haroon October 28, 2017 10:44:37

Country's banks, at long last, have started making available funds to long-term projects. The same was hardly available in local financial sector earlier, sources said and billed it as a breakthroug...

Q1 foreign aid flow surges by 71pc

FHM Humayan Kabir October 28, 2017 10:19:51

Foreign aid flow into Bangladesh picked up significantly by 71 per cent in the first quarter (Q1) this fiscal, largely with a Japanese funding splurge, officials said. Economic Relations Division (ER...

US economy grows 3pc in Q3

-- October 27, 2017 18:55:16

The US economy grew at a solid annual rate of 3 per cent in the third quarter. It marks the first time in three years that growth has hit at least 3 per cent for two consecutive quarters. The Commer...

31 missions fail to meet export target

-- October 27, 2017 18:39:29

Thirty one missions out of 57 Bangladesh missions abroad have failed to achieve their respective export target in the first quarter (July-September of the current fiscal year (FY18), reports a news ag...

Malaysia to see moderate growth in 2018

-- October 27, 2017 16:26:17

Malaysia expects domestic demand and still-buoyant exports to help drive 5.0 to 5.5 per cent growth in 2018. Prime Minister Najib Razak, who is under attack in connection with a corruption scandal, i...

Tamabil Land Port starts full-fledged operations

-- October 27, 2017 16:24:05

Tamabil Land Port (TLP) along Gowainghat border area in Sylhet has started its journey as a full-fledged land port. Finance Minister Abul Maal Abdul Muhith and Shipping Minister Shajahan Khan inaugur...

Metro rail lines: Govt may soon endorse feasibility study project

FHM Humayan Kabir October 27, 2017 10:42:48

The Planning Commis-sion (PC) is likely to endorse feasibility study for construction of two more metro rails in the capital at a cost of Tk 463.70 million, officials said on Wednesday. "The project...

Business leaders want cut in taxmen's discretionary power

FE Report October 27, 2017 10:23:37

Leaders of the country's apex trade body put forward on Thursday a set of proposals for consideration in the new income tax law, including reducing the taxmen's discretionary power and waiving 5.0 per...

Chevron stays, plans to invest $400mn: Nasrul

-- October 26, 2017 22:22:21

US oil major Chevron is not leaving Bangladesh; rather, it will invest $400 million in the country's gas sector. State Minister for Power and Energy Nasrul Hamid came up with the revelation on Thursd...

India sees highest visitors from Bangladesh

-- October 26, 2017 22:04:58

India's issuance of visas to the people of Bangladesh has marked a sharp rise in recent months as the two neighbouring countries are considering people-to-people contacts as the biggest strength to bo...

BD to bring further 500MW power from India

-- October 26, 2017 19:50:13

Indian High Commissioner Harsh Vardhan Shringla has said that India will supply another 500MW power to neighbouring Bangladesh through the Bheramara-Bherampur inter-connection by July next year. Acco...

Slum dwellers to get flats on low rental basis

Agencies October 26, 2017 13:47:08

Slum dwellers are going to get flats on low rental basis as Prime Minister Sheikh Hasina has inaugurated such a project at Mirpur in Dhaka city. She unveiled the foundation plaque of the country&rsqu...

S Korea GDP grows 1.4pc in Q3

-- October 26, 2017 11:22:51

South Korea’s economy clocked its fastest growth in seven years last quarter, as global demand for the country’s electronics more than offset the impact of regional geopolitical strains on...

Dealers may get more commission on OMS rice, wheat

Rezaul Karim and Talha Bin Habib October 26, 2017 11:12:02

A move is underway to raise dealers' commission on open market sale (OMS) of rice and wheat to help curb malpractices in sales by authorised traders, sources said. The food ministry has sent a propos...

Muhith for championing principles to achieve SDGs

-- October 26, 2017 10:55:04

Finance Minister AMA Muhith underscored on Wednesday the need for championing the principles for effective development cooperation among the global community to achieve Sustainable Development Goals (...

LTU serves demand notices on big shots to pay VAT arrears

Doulot Akter Mala October 26, 2017 09:57:39

Revenue board's value-added tax (VAT) wing served demand notices on 37 large taxpayers to realise VAT arrears worth Tk 6.93 billion, against the backdrop of its target shortfalls. Officials said amon...

Seven errant banks seek exoneration from penalty

Siddique Islam October 26, 2017 09:50:02

Seven commercial banks have appealed to the central bank's board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment. Their petitio...

Move to explore new manpower markets

-- October 25, 2017 23:44:47

A research firm has been appointed by the government to carry out a survey on labour markets in 52 countries, including 20 new ones, across the world. The revelation came on Wednesday during a meetin...

BB boss hopeful of recovering entire amount

-- October 25, 2017 22:14:57

Bangladesh Bank Governor Fazle Kabir has said that the entire amount of stolen reserve money of the central bank will be recovered after conclusion of the judicial case in this connection. He came up...

Cabinet okays import of 250,000 mts rice

-- October 25, 2017 21:43:33

The Cabinet Purchase Committee on Wednesday approved nine proposals, including import of 250,000 metric tonnes of rice. The Cabinet body also granted permission to give contracts to set up two power...