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Search results for: economy

BB, banks review cheaper forex loan situation

Siddique Islam October 30, 2017 12:18:08

The central bank is scheduled to meet top executives of 29 commercial banks today to review the credit exposure of offshore banking units (OBUs) of the banks as well as the overall credit and deposit...

Dhaka, Beijing ink SPM loan deal

FE Report October 30, 2017 10:40:54

State minister for Power, Energy and Mineral Resources Nasrul Hamid sought Chinese assistance to implement the power and energy projects for boosting the country's economy. "Bangladesh currently requ...

Top US delegation to visit Myanmar, Bangladesh

FE Online Desk October 30, 2017 10:37:58

A top US delegation is going to visit Myanmar and Bangladesh to resolve the Rohingya crisis stemming from the persistent persecution of them in the former's western Rakhine state. Acting Assistant S...

EZ industries to pay duty, taxes on imports for selling goods locally

Doulot Akter Mala October 30, 2017 09:54:55

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industri...

PM urges businesses to look at South, SE Asian markets

-- October 30, 2017 00:51:13

Prime Minister Sheikh Hasina has said her government is encouraging the businesspeople to make more investment for further development of the country. She said South Asia as a whole is a big market....

Development fair kicks off

-- October 30, 2017 00:50:19

A six-day 'Development Fair' of Palli Karma Sahayak Foundation's (PKSF) kicked off in Dhaka on Sunday in a bid to help expand market for products produced at marginal level by the people involved with...

US anti-dumping duties on Chinese aluminium foil anger Beijing

-- October 30, 2017 00:48:55

BEIJING, Oct 29 (Reuters): China said it was 'strongly dissatisfied' with the US decision to impose anti-dumping duties ranging from 97 per cent to 162 per cent on Chinese aluminium foil, urging Washi...

Farmers face economic crisis due to sharp price fall

Rafiqul Islam October 30, 2017 00:47:45

KHULNA, Oct 29: Prices of shrimp (galda) have been declined around 50 per cent in the international market. Exporters are also experiencing internal problems. As a result, they are trying to recover t...

Focus on framework to boost private sector

-- October 29, 2017 23:56:14

Bangladesh needs internal institutional framework and stable energy policy to boost private sector for overall economic development. Experts made the remarks at a seminar organised by Dhaka Chamber o...

Mannan hints at reforming business policy

-- October 29, 2017 22:49:57

State Minister for Finance and Planning MA Mannan has termed the Bangladesh economy a private sector-led one and said the business policy will be reformed following consultations with the stakeholders...

India unveils trade route to Afghanistan via Iran

-- October 29, 2017 20:52:49

India is shipping its first consignment of wheat to Afghanistan by sea through Iran's strategic Chahbahar Port – thereby launching a trade route bypassing longtime rival Pakistan. The shipment,...

Nasrul banks on coordinated initiatives to ensure energy security

-- October 29, 2017 19:31:15

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said coordinated initiatives would ensure energy security in the country. "We have given emphasis on easy availability of cru...

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...