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Search results for: economy

US economic growth hits fastest rate since 2014

US economic growth hits fastest rate since 2014

BBC 2018-07-28 10:47:04

The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1 per cent, official figures show. The gains were driven by strong consumer sp...

Ministries dragging their feet over tapping blue economy

Ministries dragging their feet over tapping blue economy

Rezaul Karim 2018-07-28 10:14:37

The government's move to tap the blue economy has hardly made any progress over the past three years mainly due to dilly-dallying attitude of the ministries concerned, officials said. The Prime Minis...

Govt's non-tax revenue earnings on the slide

Govt's non-tax revenue earnings on the slide

Jasim Uddin Haroon 2018-07-28 09:51:39

The government's non-tax revenue (NTR) earning, which mostly includes resources mobilised from dividend, profit and fees by various departments, has been much below the expectation. Implementation of...

Imran Khan faces tough test in looming economic crisis

Imran Khan faces tough test in looming economic crisis

-- 2018-07-27 20:42:06

Equity and bond markets have welcomed Imran Khan’s victory in Pakistan’s disputed election, but the former cricket hero faces a tough slog to avert a currency crisis and implement long-ter...

17pc remittance comes from Saudi Arabia in FY18

17pc remittance comes from Saudi Arabia in FY18

-- 2018-07-27 19:01:43

Bangladeshi expatriates living in the Kingdom of Saudi Arabia (KSA) sent over 17 per cent, or US$2,591.58 million of the total inflow of remittance $14,978.86 million in the outgoing fiscal 2017-18 (F...

Taiwan economic growth likely to slow in Q2

Taiwan economic growth likely to slow in Q2

-- 2018-07-27 16:55:54

The economic growth of Taiwan is likely to slow in the second quarter (Q2) amid trade tensions between the United States and China, according to Reuters poll. The median forecast in a Reuters poll...

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

-- 2018-07-26 18:06:12

The Asian Development Bank's (ADB) Board of Directors has approved a new long-term corporate strategy -- Strategy 2030 -- that sets out the institution's broad vision and strategic response to the evo...

Egypt's budget deficit narrows to 9.8pc

Egypt's budget deficit narrows to 9.8pc

-- 2018-07-26 16:51:51

Egypt’s budget deficit for the 2017-2018 fiscal year was 9.8 per cent of gross domestic product (GDP), down from 10.9 per cent the previous year. Egypt achieved a primary fiscal surplus for t...

WB mission in town to discuss $750m budgetary credit line

WB mission in town to discuss $750m budgetary credit line

FHM Humayan Kabir 2018-07-26 10:17:47

The World Bank (WB) has decided to provide US$ 750 million in budgetary support after fielding a mission in Dhaka to discuss the potential lending, officials said on Wednesday. Officials said a...

India to hold top spot for economic growth: Poll

India to hold top spot for economic growth: Poll

-- 2018-07-26 09:50:27

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside ri...

Minister asks DCs to promote domestic tourism

Minister asks DCs to promote domestic tourism

-- 2018-07-25 19:47:18

Civil Aviation and Tourism Minister AKM Shahjahan Kamal has directed the deputy commissioners (DC) to take initiatives for setting up new spots for tourists. Shahjahan Kamal gave the directives durin...

BB sets Tk 218b farm credit target for FY’19

BB sets Tk 218b farm credit target for FY’19

FE Report 2018-07-25 16:15:51

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19. The loan was estimated to be nearly 7.0 pe...

BB eases rules to attract dollar deposits

BB eases rules to attract dollar deposits

FE Report 2018-07-25 10:28:20

The central bank has relaxed regulations, allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency rates to encourage savings in such accounts. Eurocurren...

'1,000,000pc inflation' to hit Venezuela in 2018

'1,000,000pc inflation' to hit Venezuela in 2018

-- 2018-07-24 15:00:51

Venezuela’s inflation rate is likely to top 1,000,000 per cent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to become one of the worst hyperinflationary...

Global raters air concern over state banks' health

Global raters air concern over state banks' health

FE Report 2018-07-24 10:10:58

Three global ratings agencies have identified poor governance standards and weak financial health as risk factors for the Bangladesh's banking sector, particularly for public banks. The agencies -Moo...

Japan places dos necessary to execute JICA projects expeditiously

Japan places dos necessary to execute JICA projects expeditiously

FHM Humayan Kabir 2018-07-24 09:54:01

Japan has urged Bangladesh to conduct feasibility studies properly before it takes up development projects to avoid cost and time overrun, officials said on Monday. Bangladesh's largest bilateral dev...

Private sector credit growth exceeds target in June

Private sector credit growth exceeds target in June

Siddique Islam 2018-07-23 10:27:25

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said. The growth in credit flow to private sector came...

'Trade tensions posing increased risk to global growth'

'Trade tensions posing increased risk to global growth'

-- 2018-07-22 19:38:34

Finance ministers and central bankers from the world’s largest economies have said heightened trade and geopolitical tensions  are posing an increased risk to global growth. They have call...

Use ADR to overcome troubled loan situation

Use ADR to overcome troubled loan situation

FE Report 2018-07-22 15:02:08

Businesses and professionals raised concern on Saturday over the growing volume of non-performing loans (NPLs), which could jeopardise the economic health of the country. To overcome the unpleasant s...

China-funded projects in slow lane on land acquisition delays

China-funded projects in slow lane on land acquisition delays

Mir Mostafizur Rahaman 2018-07-22 10:22:15

Bureaucratic tangle and slow land acquisition have delayed the progress of eight China-funded government to government (G2G) projects. Infrastructure projects like Multilane Road Tunnel under the R...

Banks exceed ADR on higher than targeted private credit flow

Banks exceed ADR on higher than targeted private credit flow

FE Report 2018-07-22 09:58:02

Higher than targeted private sector credit growth compared to deposits is believed to be the key reason for exceeding the advances-deposits ratio (ADR) by private banks. This was revealed in a study...

Argentina 'unequivocally' making fiscal progress: IMF

Argentina 'unequivocally' making fiscal progress: IMF

Reuters 2018-07-22 09:54:06

Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund (IMF) program, Fund Managing Director Christine Lag...

NBR moves to bring more people under tax net

NBR moves to bring more people under tax net

-- 2018-07-21 18:50:20

In an effort to expand country's narrow tax base, the National Board of Revenue (NBR) has moved to gather 'secondary data' of potential new taxpayers. In a country of over 160 million (16 crore) popu...

Myanmar's foreign trade reaches $10.2b in three months

Myanmar's foreign trade reaches $10.2b in three months

-- 2018-07-21 13:14:17

Myanmar's trade with foreign countries has reached $10.2 billion as of July 17 during the six-month transitional period which started in April, according to the figures of the Commerce Ministry Saturd...

Brazil cuts GDP growth forecast to 1.6pc

Brazil cuts GDP growth forecast to 1.6pc

-- 2018-07-21 12:57:11

The Brazilian government has cut its forecast for gross domestic product (GDP) growth this year to 1.6 per cent from 2.5 per cent and raised the estimate for the inflation rate in 2018. The governm...

Manpower export to Singapore on downswing

Manpower export to Singapore on downswing

Arafat Ara 2018-07-21 11:00:25

The outflow of Bangladeshi workers to Singapore declined significantly in last three years due to various reasons including an image crisis which was created over arrest of some Bangladeshi nationals...

Bumper wheat harvest may ignite Argentina economy

Bumper wheat harvest may ignite Argentina economy

-- 2018-07-20 21:19:54

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

Japan’s core CPI rises 0.8pc in June

Japan’s core CPI rises 0.8pc in June

-- 2018-07-20 14:12:01

Japan's core consumer prices increased in June from a year earlier owing to rising costs for energy, the government said in a report on Friday. According to the Ministry of Internal Affairs and Com...

N Korean economy falls lowest in 20 years

N Korean economy falls lowest in 20 years

-- 2018-07-20 13:23:00

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday. Gross domestic product (GDP) of the isolated nation fell to...

Bumper wheat harvest may  ignite Argentina economy

Bumper wheat harvest may ignite Argentina economy

-- 2018-07-20 13:16:14

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...