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Search results for: economy

Industries outside EZs unlikely to get new gas line from next year

M Azizur Rahman November 23, 2017 09:44:25

New industries outside the country's economic zones (EZs) would hardly get piped natural gas connections from next year as the authorities have already started discouraging it. Officials said the mov...

Minister wants blue economy’s 5pc contribution to GDP

-- November 22, 2017 22:24:24

Planning Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring five per cent contribution of the blue economy to the GDP to attain the Sustainable Development Goals (SDGs). "Using...

LDCs need minimum $12b yearly for electricity access: CPD

-- November 22, 2017 21:30:46

The Centre for Policy Dialogue (CPD) has said the Least Development Countries (LDCs) need to invest at least $12 billion to gain universal access to electricity by 2030. "To achieve universal access...

Cabinet body okays 100,000mt rice import

-- November 22, 2017 20:24:24

Cabinet Committee on Public Purchase has approved import of 100,000 metric tons of non-Bashmoti parboil rice from open market. As per the proposal of the Food Ministry, the Food Directorate will...

Brazil economy likely to grow 3pc in 2018

-- November 22, 2017 13:19:09

The Brazilian economy is likely to grow more than 3.0 percent in 2018, perhaps even near 4.0 per cent, the head of Brazilian state development bank BNDES, Paulo Rabello de Castro, said. This suggests...

BD needs 20pc more new power connections annually: UNCTAD

FE Online Report November 22, 2017 11:44:22

Bangladesh requires some 20-30 per cent more new electricity connections every year to achieve the universal access to electricity by the year 2030. The projection has been made in the Least Develope...

‘NBR to reveal key upshot on ML probe in due time’

FE Report November 22, 2017 09:38:20

The National Board of Revenue (NBR) has made significant progress in its investigation into money laundering (ML), which will be disclosed in time, said NBR Chairman Md Nojibur Rahman on Tuesday. R...

Default loans leap over Tk 800b mark

FE Report November 22, 2017 01:14:09

Non-performing loans (NPLs) in Bangladesh's banking sector surged over Tk 800-billion mark for the first time at the end of September last. According to the latest statistics from the central bank, t...

Agro processors to showcase products, services

FE Report November 22, 2017 01:10:05

A three-day international food expo begins in the capital tomorrow (Thursday) aiming to create an avenue for greater interaction among the local and international food processing players. Some 250...

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- November 21, 2017 19:42:58

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

-- November 21, 2017 19:38:41

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk November 21, 2017 12:42:41

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Mobile-based financial transactions mark fall

Mehdi Musharraf Bhuiyan November 21, 2017 12:31:58

Fast-growing mobile-based financial transactions took a knock, dropping around 5.04 per cent, quarter on quarter, during the third quartile of this year. Sources concerned, however, attributed the do...

Singapore’s core inflation likely rise 1.5pc

-- November 21, 2017 11:09:57

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

FHM Humayan Kabir November 21, 2017 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...

Eateries, shops largely evade ECR use

Doulot Akter Mala November 21, 2017 00:34:49

Many fast-food shops, bakeries, restaurants and retail outlets in Dhaka avoid issuing electronic cash register (ECR)-generated pay-slips to evade VAT payment, as monitors look on, sources said. Lack...

Govt to fix sector-wise productivity level: Secretary

-- November 20, 2017 22:09:42

The government plans to fix the level of productivity based on different sectors and subsectors of the national economy. Industries Secretary Muhammad Abdullah came up with the statement at the natio...

Banana farming gives solvency to Manikganj farmers

-- November 20, 2017 16:59:31

Farmers of three upazilas in Manikganj district have gained solvency by cultivating banana in their sandy land which previously remained uncultivated for long time. Most of those lands are situated i...

Japan export growth steady in Oct

-- November 20, 2017 14:04:45

Japan’s export growth held steady in October, while the trade surplus dropped from a year ago, as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products....

PT Bank Rakyat Indonesia outlook revised

FE Online Desk November 20, 2017 13:55:31

SINGAPORE (S&P Global Ratings) Nov. 17, 2017--S&P Global Ratings today revised its outlook on PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) to positive from stable. At the same time, we affi...

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

FE Online Desk November 20, 2017 13:40:17

SINGAPORE (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2027 by...

Thrust on developing tech-driven economy

FE Online Desk November 20, 2017 12:27:33

Google Developer DevFest Bangladesh 2017 presented by Google Developer Group Dhaka and powered by Whiteboard, in association with Preneur Lab, took place recently at GP House, said a statement. S...

Majority BD consumers prefer newer digital payment systems

FE Report November 20, 2017 10:12:11

Around 65 per cent of Bangladeshi consumers favour adopting newer modes of digital payment amid growing liking for e-business, a study by global payment-technology-giant Visa reveals. The ease of tra...

ADB to give $260m for infrastructure dev

-- November 19, 2017 23:00:24

The Asian Development Bank (ADB) has signed agreements for $260 million in loans to help sustain and increase infrastructure investments in Bangladesh as well as renewable energy interventions. Econo...

NBR holds key to probe Paradise Papers scandal

-- November 19, 2017 21:34:13

Recent release of the Paradise Papers brings the number of Bangladeshi 'Officers' named in the ICIJ's database of offshore leaks, that commenced with the Panama Papers in 2016, to over 60. Yet is the...

Floating solar plant on Kaptai Lake likely

-- November 19, 2017 16:48:19

Kaptai Lake and canal of Teesta Water Barrage are likely to house floating solar power plant as part of countrywide installation of such projects, officials said. If the Kaptai floating solar power p...

ADB to lend $260m for infrastructural investments

-- November 18, 2017 18:09:14

Bangladesh is set to sign a US$260 million agreement with the Asian Development Bank (ADB) on Sunday (tomorrow) for infrastructural investments, especially for public-private partnership (PPP) project...

Cattle rearing improves char people’s economic condition

-- November 18, 2017 17:55:26

Thousands of extremely poor people living in rural area, especially char areas of seven upazilas of Manikganj district have successfully overcome abject poverty through cattle head rearing. The domes...

Rohingya crisis may hurt investment in Myanmar: IMF

-- November 18, 2017 12:04:10

The International Monetary Fund on Friday said the Rohingya refugee crisis may dampen investment in Myanmar as the country faces international pressure over its treatment of the Muslim minority. Howe...

US tax cuts not likely this year: Economists

-- November 18, 2017 10:55:58

US Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll. The optimism about a tax overhaul has helped push the US st...