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Search results for: economy

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...

Govt always favours private sector promotions: PM

-- November 27, 2017 18:06:26

Prime Minister Sheikh Hasina on Monday said the government is always playing supportive role to promote the sector. Sheikh Hasina made the remarks while receiving blankets from the private sector com...

Global businesses look bullish about the road ahead

Reuters November 27, 2017 13:46:58

Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world’s biggest...

Rural tourism brings fortunes for China’s less-fortunate ones

Jubair Hasan November 27, 2017 13:04:08

Rural or agriculture tourism has emerged as China's most effective weapon to fight out poverty by the target-year 2020, helping myriad people out of the vicious circle of misfortune. Not only is it i...

China's industrial profits surge in first 10 months

-- November 27, 2017 12:22:11

China's major industrial firms saw stronger profit growth, rose 23.3-per cent from one year earlier, in the first 10 months of this year, the National Bureau of Statistics (NBS) said Monday. Industr...

Surge in default loans 'alarming'

FE Report November 27, 2017 10:58:49

The rise in default loans is "alarming", says a study that favours effective use of audit committees by the private commercial banks and enlargement of their boards with experienced members as a remed...

Government’s tax receipts fall Tk 33.55b short of Q1 target

Doulot Akter Mala November 27, 2017 09:46:45

Tax-revenue collection fell short of the target by Tk 33.55 billion in the first quarter of the current fiscal year (FY). All of the three wings of the revenue board missed their respective targets i...

Gold market dependent on smuggling: TIB

-- November 26, 2017 22:02:50

The Transparency International Bangladesh (TIB) has claimed that gold market is dependent on smuggling. TIB Executive Director Iftekharuzzaman made the remarks while addressing a press conference at...

Muhith mulls Tk 4,680b budget for FY19

-- November 26, 2017 21:33:11

Finance Minister AMA has said that the outlay of the budget for the ensuing 2018-2019 financial year (FY19) may stand at Taka 4,680 billion. "We announced Taka 4,002.66 billion budget for the current...

China lowers import duties on consumer goods

-- November 26, 2017 12:07:31

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3 per...

Many MNCs, liaison offices dodge tax-return filing

Doulot Akter Mala November 26, 2017 10:13:33

Government's revenue authority plans a search as many foreign companies, including liaison and representation offices, allegedly dodge submission of tax returns despite doing income-generating activit...

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Jasim Uddin Haroon November 26, 2017 09:57:07

Government subsidies shrank in 2016-17 for subdued demand from some sectors to the relief of fiscal administrators from budget-deficit burden, but economists foresee a reversal this year. Officials c...

Gold prices to go up from Sunday

-- November 25, 2017 20:34:32

The Bangladesh Jewellers Samity has hiked gold prices, to be effective from Sunday, as the winter season approaches. During the winter season, the wedding season in the country, demand for gold norma...

Blue economy untapped, BEC yet to gather pace

-- November 25, 2017 19:15:20

Settling maritime disputes with India and Myanmar opened up new potentials for Bangladesh to tap ‘blue economy’. But, according to a UNB report, no substantial progress has been mad...

Annual Banking Confce, 2017 begins Sunday

FE Online Desk November 25, 2017 13:48:48

The Annual Banking Conference, 2017, arranged by Bangladesh Institute of Bank Management (BIBM) begins Sunday. Governor of Bangladesh Bank Fazle Kabir will inaugurate the two-day event as the chief...