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Search results for: economy

Egypt's annual urban consumer price inflation falls in Nov

-- December 10, 2017 12:49:46

Egypt’s annual urban consumer price inflation fell to 26 per cent in November from 30.8 per cent in October, the official statistics agency CAPMAS said on Sunday. Inflation shot up in Egypt aft...

BAPEX starts drilling new gas well in Bhola

-- December 10, 2017 12:31:27

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) started the drilling of new gas well in Bhola on Saturday. The new gas well named Bhola North 1 is in the district's Sadar upaz...

RMG value addition stands at 73.82pc in Q1

FE Online Report December 10, 2017 12:25:42

Local value addition of the country’s Ready-Made Garments (RMG) industry stood at 73.82 per cent in the first quarter (Q1) of the current fiscal year (FY18). The quarterly review report of the...

Ceiling for income tax payers rises fivefold

Doulot Akter Mala December 10, 2017 10:37:47

The government raised the ceiling of income tax payment by treasury chalan five times for the convenience of taxpayers and easing collection complexities. Now taxpayers are allowed to pay up to Tk 50...

Govt in haste to get road dev project approved

FHM Humayan Kabir December 10, 2017 10:03:11

The government is set to approve yet another road development project without conducting a proper feasibility study and determining its priority, officials said Saturday. Roads and Highways Departmen...

Revenue collection falls to 10pc in FY Q1

-- December 09, 2017 13:06:42

NBR tax revenue collection fell short of the target by Tk 65.61 billion in the first quarter (Q1) of the current fiscal year (FY), data of an independent multidisciplinary think tank showed. The thin...

US job growth strong in November

-- December 09, 2017 11:46:13

US job growth increased at a strong clip in November, better than expected, with payrolls rising by 228,000 jobs. Service, health care and manufacturing firms helped to drive the gains, holding the u...

Feasibility study begins on new seaport, floating bay harbour

Syful Islam December 09, 2017 09:59:23

The government began a techno-economic feasibility study to build a new seaport and a floating harbour in the Bay of Bengal for tackling growing trade through the busy maritime corridor. Officials sa...

Project finishes sans installing the plant!

FHM Humayan Kabir December 09, 2017 00:38:35

A hybrid-power project undertaken for backwater Hatiya has finished sans installation of the plant, setting what insiders termed a bizarre instance of irregularities.     Sources...

British businesses react to Brexit progress

-- December 08, 2017 18:00:37

Britain and the European Union struck a divorce deal on Friday that paves the way for talks on trade, easing pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit. British bu...

Japan economy beats Q3 forecasts by double

Reuters December 08, 2017 12:46:22

Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks...

BB, US Fed discuss suing Philippine bank

Reuters December 08, 2017 10:11:23

Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heis...

Misleading forex info: BB scanning 26 banks' replies

Siddique Islam December 08, 2017 09:55:53

Bangladesh Bank (BB) is now scrutinising the responses by 26 commercial banks on their alleged attempts to mislead the central bank with 'untrue information' about foreign exchange rates offered parti...

Why BD scores low in the Buffett Indicator?

-- December 08, 2017 00:26:31

Warren Buffett has long championed looking at market capitalisation to GDP (gross domestic product) ratio when assessing a market. For Buffett, the "single best" way to tell if stocks are too expensiv...

VAT returns rise two-fold

FE Online Report December 07, 2017 18:39:35

Number of Value Added Tax (VAT) returns increased to two-fold this year following introduction of online issuance of the business identification number (BIN) by the National Board of Revenue (NBR). S...

Merchandise shipment earnings up by 6.86pc

FE Online Report December 07, 2017 18:03:10

Earnings from merchandise shipment grew by 6.86 per cent to $14.56 billion during the first five months of current fiscal year over that of corresponding period. According to official data released T...

UAE expects to be taken off EU's tax blacklist

Reuters December 07, 2017 16:04:24

The United Arab Emirates expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said on Thursday. “We...

Indian central bank keeps policy rate steady

Reuters December 07, 2017 15:56:15

The Reserve Bank of India kept its policy rate steady on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary sti...

Madagascar gets $44.5m IMF loan to boost economy

-- December 07, 2017 14:28:06

The International Monetary Fund (IMF) said it has approved a further $44.5 million credit for Madagascar, as part of a drive to support the country’s economic recovery. The IMF and other inter...

Buriganga to have underwater tunnel

-- December 07, 2017 14:05:11

Government is contemplating a plan to build an underwater tunnel under the Buriganga to ease hardship of commuters on each side of the river. Shipping Minister Shahjahan Khan came up with the disclos...

Income inequality widens countrywide

FE Report December 07, 2017 13:55:26

Both income and wealth inequalities have increased in the country significantly over the past five years alongside higher economic growth, according to experts and a research. Experts said the average...

WB predicts 4.9pc economic growth for Kenya

-- December 07, 2017 13:28:05

The World Bank has cut its 2017 growth estimate for Kenya’s economy to 4.9 per cent, which would be the slowest annual expansion in five years, It has cut the estimated growth due to the countr...

BoJ governor signals chance of rate hikes

-- December 07, 2017 12:31:10

Bank of Japan Governor Haruhiko Kuroda stressed the need to look at the impact monetary policy has on the banking system and said changes in the economy could trigger a hike in the bank’s yield...

Brexit: UK's bank prepares for the worst

BBC December 07, 2017 10:28:29

The UK's ability to attract talent is already suffering according to Standard Chartered chief executive Bill Winters. In an exclusive interview, he told the BBC the bank was "preparing for the worst"...

Dhaka to seek relaxation of procurement conditions

FHM Humayan Kabir December 07, 2017 10:05:36

Bangladesh will seek relaxation of the conditions attached to procurement of goods and services under the US$ 4.5 billion Indian line of credit-III (LoC-III) at a review meeting to be held later this...

Taxpayers can get eTIN, VAT reg from DW17

FE Online Report December 06, 2017 20:20:36

Taxpayers can obtain electronic Taxpayer’s Identification Number (eTIN) and Value Added Tax (VAT) registration number from the four-day digital expo in city titled ‘Digital World-2017&rsqu...

BD economy to grow by 7.1pc in FY18: ESCAP

FE Online Report December 06, 2017 18:33:31

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has projected the growth rate of Bangladesh economy to be 7.1 per cent in the current fiscal year (FY18). This lat...

Apparel export to USA declines by 4.93pc in Jan-Oct

FE Online Report December 06, 2017 18:18:08

The country's apparel export to USA declined by 4.93 per cent to $4.35 billion during January to October period of 2017 calendar year. Bangladesh fetched $ 4.58 billion from apparel exports to its si...

NRB Commercial Bank MD removed for loan scam

FE Online Report December 06, 2017 14:31:34

The central bank has removed NRB Commercial Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Dewan Mujibur Rahman on charges of violating rules and regulations in sanctioning loan...

Australian economy slows in Q3

-- December 06, 2017 13:37:19

Australian gross domestic product (GDP) grew by 0.6 per cent in the third quarter, slowing from the previous quarter when it rose 0.9 per cent, data from the Australian Bureau of Statistics showed. T...