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Search results for: economy

Govt bond yield rises sharply

Siddique Islam May 15, 2019 09:45:35

Yield on government treasury bonds (T-bonds) increased significantly on Tuesday following an upward trend in interest rates particularly on bank deposits. High yield on the government securities may...

Bangladesh urges India to withdraw anti-dumping duty

-- May 14, 2019 19:25:42

Bangladesh has urged India to withdraw the anti-dumping duty imposed on Bangladeshi products in its market. Commerce Minister Tipu Munshi raised the issue during his meeting with Indian counterpart S...

Malaysia Q1 GDP growth rate expected to slow

-- May 14, 2019 12:57:04

Malaysia’s gross domestic product (GDP) growth rate in the first quarter (Q1) was estimated to slow to 4.4 per cent amid declines in all segments, according to analysis Tuesday. Maybank Investm...

Bangladesh seeks to forge strong economic ties with EEU

Syful Islam May 14, 2019 10:38:37

Bangladesh and the Eurasian Economic Commission (EEC) are set to sign an agreement on cooperation in 21 sectors to facilitate bilateral trade and economic development. Commerce Minister Tipu Munshi...

Govt borrowing from banks to pick up soon

Siddique Islam May 14, 2019 09:29:25

The government's bank borrowing is set to pick up significantly in May following revenue target shortfall in recent months, officials and bankers said. Faster execution of Annual Development Programm...

MCCI lists banking sector as a major risk to economy

FE Report May 14, 2019 09:21:21

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka has identified the present situation in the banking sector as one of the biggest risks to the economy and called for the central bank's...

Poverty rate in Bangladesh drops to 21.8pc

-- May 13, 2019 18:23:21

The country’s poverty rate came down at 21.8 per cent in 2018, according to the latest data of the Bangladesh Bureau of Statistics (BBS). Meanwhile the poverty rate, as per the lower poverty li...

'All exports to get same incentives in budget'

FE Report May 13, 2019 10:51:55

All export-oriented sectors will get incentive benefits, similar to ready-made garments (RMG), from the next financial year (FY), 2019-20, to ensure diversification in the country's exports, Prime M...

Pakistan reaches $6b agreement with IMF

-- May 12, 2019 22:33:25

Pakistan has finalised an agreement with the International Monetary Fund (IMF) on a bailout package, announced the country’s Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr...

Turkey hopes to overcome the impacts of currency crisis

-- May 12, 2019 19:22:08

The Turkish economy will hopefully overcome the impacts of a currency crisis last year with just two quarters of contraction, Turkey’s Finance Minister Berat Albayrak said on Sunday. Speaking t...

Jobs in ME countries post over 17pc fall in four months

FE Report May 12, 2019 09:40:49

The country saw a fall in overseas employment by more than 17 per cent in the first four months of the current calendar year following a cut in recruitment by Middle Eastern (ME) nations, official sta...

Yangon govt invites investment in SMEs

-- May 11, 2019 11:03:54

Yangon, the largest city in Myanmar, regional government has invited local and foreign investors to help develop small and medium enterprises (SMEs) in addition to value-added agro-industry and busine...

Higher import payments strain forex reserves

Siddique Islam May 11, 2019 09:48:10

The country's foreign exchange reserves have come under pressure after higher external payments against import of oil and construction materials for mega projects. The reserves shrank on Wednesday af...

Railway to get record high allocation in next ADP

FHM Humayan Kabir May 11, 2019 09:47:11

Bangladesh Railway (BR) is going to receive a record high fund allocation in the next development budget as the quality of its service has been on the decline, insiders said Friday. They said despi...

Govt sets higher revenue collection target for FY20

-- May 10, 2019 20:31:03

The government has set revenue collection target at Tk 3.97 trillion for 2019-20 fiscal year to reduce dependency on foreign aid and grants. According to UNB, the new revenue target is about Tk 1.0 t...

US raises tariffs on $200b worth of Chinese goods

-- May 10, 2019 17:30:23

The US has more than doubled tariffs on $200 billion (£153.7b) worth of Chinese products, in a sharp escalation of the countries' damaging trade war. Tariffs on affected Chinese goods have rise...

Indonesia’s c/a deficit shrinks in Jan-Mar: BI

-- May 10, 2019 11:01:20

Bank Indonesia (BI), the central bank of Indonesia, said that the current account deficit narrowed in January-March to the smallest in a year, helping the country to post a balance of payments surplus...

Kamal upbeat on economy

-- May 10, 2019 10:07:34

Finance minister AHM Mustafa Kamal said Thursday Bangladesh will be listed among 20 financially influential countries in the next five years. He said by 2024, Bangladesh will be among the 20 countr...

Economy faces 'growth conundrum'

FE Report May 10, 2019 09:12:02

The GDP growth rate and its corresponding data sources in Bangladesh remain largely inconsistent causing a "growth conundrum(Puzzle)," according to a research firm. The Dhaka-based South Asian Networ...

Merchandise exports witness 11.61pc growth

FE Online Report May 09, 2019 19:10:42

The country's merchandise exports during the July-April of current fiscal (FY19) marked 11.61 per cent growth, according to official data released on Thursday.   As per data by Export Prom...

Bangladesh receives record FDI in 2018

-- May 09, 2019 18:03:10

Bangladesh has received a record amount of foreign direct investment (FDI) in 2018 with China being the leading investor in the country. The United States, which is traditionally the top investor, wa...

Fresh guideline soon on loan rescheduling

FE Report May 09, 2019 10:33:33

Finance Minister A H M Mustafa Kamal said the central bank will issue a revised guideline soon on default loan rescheduling. "What we've pledged so far (on rescheduling of default loans) will be st...

China 'to keep calm' in face of trade talk challenges

Reuters May 08, 2019 13:56:44

China will keep calm against threats of higher tariffs from the United States and has “complete confidence” in its ability to face challenges in trade talks, a commentary in China’s...

New-look VAT law: NBR’s gap with FBCCI widens

Doulot Akter Mala May 08, 2019 09:30:54

The apex trade body of the country has termed the Value Added Tax (VAT) and Supplementary Duty (SD) Act-2012, as it is in its present form after changes to it, still 'not prepared' and 'much-lingered'...

Plan to export 1.0m tonnes of surplus Boro rice

-- May 07, 2019 16:54:03

The government is planning to export around 1 million tonnes of surplus Boro rice after meeting the domestic demand, Agriculture Minister Abdur Razzaque said on Tuesday. The government will hold a di...

'BD needs benefits to manage post-LDC transition'

FE Report May 07, 2019 10:29:06

Graduating least developed countries (LDCs), including Bangladesh, need preferential benefit to manage the transition, speakers at a programme said Monday. Graduation from LDCs is special for Banglad...

Indonesia Q1 GDP growth misses forecast

-- May 06, 2019 14:01:19

Indonesia’s economy expanded more slowly than expected in the first quarter (Q1) of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum....

Lower pvt credit flow may slow economic growth

Siddique Islam May 06, 2019 09:21:18

The private-sector credit growth decelerated further in March as private banks faced liquidity pressure due mainly to lower deposits, bankers said. The growth in credit flow to the private sector cam...

ADB pledges climate adaptation support

FHM Humayan Kabir, from Nadi, Fiji May 05, 2019 09:33:39

The 52nd Annual Meeting of the Asian Development Bank (ADB) ended here on Saturday with a pledge to accelerate the Bank's support to climate adaptation and ensure sustainable development. The board o...

VAT collection under threat from fake e-BIN holders

Doulot Akter Mala May 05, 2019 09:32:24

The customs intelligence has recently identified a number of commercial entities that have procured electronic BINs (business identification numbers) posing as manufacturers to evade due duty and taxe...