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Search results for: economy

State-run sugar mills' losses reach Tk 30b

Rezaul Karim October 10, 2017 00:30:03

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said. "The cash-strappe...

Hurricane history favours US building suppliers

-- October 10, 2017 00:24:54

There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will bene...

US economist Richard Thaler wins Nobel economics prize

-- October 09, 2017 16:12:13

US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics. The Royal Swedish Academy of Sciences said on Monday made the announcement....

Rohingya effect on economy: Academics for more research

-- October 09, 2017 11:53:24

The influx of more than half a million Rohingya refugees from Myanmar since August is having a huge effect on Bangladesh, including on its economy. Many university groups in Bangladesh are protes...

China service-sector growth falls in Sept

-- October 09, 2017 11:24:02

Growth in China’s services sector fell to the lowest level for 21 months in September as the pace of new business cooled, a private survey showed. The survey was in sharp contrast to an officia...

Think again, businesses tell govt on new VAT law

FE Report October 09, 2017 09:53:31

The government should rethink merits of the existing VAT law 1991, including multiple rates and package VAT and tariff value, before the pending switch. Business leaders and economists came up with t...

Export earnings drop 9.83pc in Sept

FE Report October 09, 2017 00:35:15

The country's earnings from shipment of merchandise products declined by 9.83 per cent to US$ 2.03 billion in September 2017 over the corresponding month of 2016. The earnings in the third month of t...

60pc of Monarch passengers back in the UK

BBC October 09, 2017 00:25:17

More than 60 per cent of holidaymakers left overseas when Monarch Airlines collapsed have now flown back to the UK, the Civil Aviation Authority says. The CAA stepped in after all of Monarch's flight...

Export earnings drop by 10pc in September

-- October 08, 2017 21:49:59

Export earnings of Bangladesh dropped to $2.03 billion last month, which is around 10 per cent less than the same month last year. It also missed the target by 28 per cent, the Export Promotion Burea...

Bangladesh pharma cos eye  Qatar market

-- October 08, 2017 21:04:29

As part of expanding its global footprint, Bangladesh’s fast-growing pharmaceutical sector is looking for opportunities in Qatar, ording to a report by www.thepeninsulaqatar.com.   A &l...

Modi eases burden on small companies

-- October 08, 2017 12:27:01

Prime Minister Narendra Modi’s government on Friday eased tax rules for small and medium-sized companies, as it rushes to address growing criticism of its stewardship of Asia’s third-large...

Taxmen to jumpstart scrutiny of tax returns

Doulot Akter Mala October 08, 2017 09:48:53

Taxmen will jumpstart scrutiny assessment, dubbed 'return process', just after submission of tax returns in the current fiscal year (FY) to detect any arithmetical flaws. All tax returns must go thro...

In-house training adds to RMG benefits: ILO

-- October 07, 2017 21:25:50

When skill shortage is seen a major constraint to steady growth of the country's apparel industry, in-house training for skill development of garment employees and workers has become a panacea bringin...

India receives $83b FDI from EU in 2000-17

FE Online Desk October 07, 2017 15:00:39

India received around US$ 83 billion in Foreign Direct Investment (FDI) from Europe during 2000-17 constituting approximately 24 per cent of the total FDI inflow into the country. The European Union...

Govt borrows $1.0b loan for six entities

Rezaul Karim October 07, 2017 12:25:48

The government has borrowed nearly US$ 1.0 billion (100 crore) from international lenders in favour of its different entities, officials said. In late September, the standing committee on non-concess...

Deferred new VAT law faces further vetting

Doulot Akter Mala October 07, 2017 00:44:40

Government's revenue authorities have decided to conduct afresh an impact assessment of the new VAT law, pending its now-deferred enforcement, as skepticism cropped up. Sources said the National Boar...

Saudi Arabian King keen on global market stability

-- October 07, 2017 00:40:23

MOSCOW, Oct 6 (Reuters): Saudi King Salman said the kingdom remained keen on the stability of the global oil market in order to balance the interests of consumers and producers, the Saudi news agency...

UK retail sales jump over three years

-- October 06, 2017 15:21:44

Retail sales in the UK jumped more than three years during the month of September, a survey of the retail sector showed, suggesting consumers are finding ways to cope with the squeeze on their incomes...

Private sector credit growth rises notably, crosses target

-- October 06, 2017 09:52:14

Private sector credit growth increased significantly in August mainly due to higher trade financing by banks for settling import payment obligations, officials and bankers said. The growth in credit...

BSEC should exercise ‘its full power’ without looking to govt

FE Report October 06, 2017 00:59:24

The securities regulator BSEC should exercise its full power for the sake of development of the country's capital market, said State Minister for Finance MA Mannan on Thursday. He was speaking at a s...

World food prices rise 0.8pc in September: FAO

-- October 05, 2017 20:02:50

World food prices rose slightly in September from the month before, buoyed by higher valuations in the vegetable oil and dairy sectors, the United Nations food agency said on Thursday, reports Reuters...

Australian retail sales drop in Aug

-- October 05, 2017 12:25:15

Australian retailers suffered their worst decline in sales since early 2013 as debt-laden consumers tightened their purse strings. Thursday’s data from the Australian Bureau of Statistics (ABS)...

Central bankers brainstorming sustainable finance

FE Report October 05, 2017 09:53:16

A three-day meet on sustainable finance with delegates from central banks of Ghana, Nepal and Nigeria began in Dhaka Wednesday to promote sound environmental and social practices by banks. Bangladesh...

BD can learn from India’s move to be cashless society, demonetisation

FE Report October 05, 2017 01:00:14

Indian Finance Minister Arun Jaitley speaks at the public lecture on 'Macroeconomic Initiatives of the Government of India' at a Dhaka hotel on Wednesday. Bangladesh Finance Minister AMA Muhith, Polic...

No rice crisis in country now: Minister

FE Report October 05, 2017 00:54:06

Food Minister Qamrul Islam speaks at a workshop on 'Eliminating Hunger and Malnutrition: Are Sustainable Solutions in Sight?' at a city hotel on Wednesday. International Food Policy Research Institute...

UK economy in low gear

-- October 04, 2017 19:30:56

Britain’s economy remains stuck in low gear but price pressures are rising again, according to surveys on Wednesday that will probably keep the Bank of England on track to raise interest rates s...

Arun Jaitley wants cashless economy to reduce corruption, tax evasion

-- October 04, 2017 16:51:30

Visiting Indian Finance Minister Arun Jaitley supports cashless economy as a cash-based economy harms the poor and supports corruption. "If the economy depends mostly on cash, the curse of cash hits...

MTB signs deal with RIC on payroll banking solutions

FE Online Desk October 04, 2017 12:44:15

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Resource Integration Centre (RIC) at a simple ceremony held at the RIC Central Office, Dhanmondi, Dhaka.   Under this agr...

Bangladesh signs $4.5b LoC deal with India

FE Report October 04, 2017 12:16:54

Bangladesh and India Wednesday signed a US$4.5 billion dollar credit line which will be used for 17 development projects. Bangladesh’s Economic Relations Division Secretary Kazi Shofiqul Azam a...

Interest rates on bank deposits increase

Siddique Islam October 04, 2017 00:54:08

Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure. The weighted average interest rate on deposi...