Loading...

Search results for: economy

New pension provision hits upsetting headwind

Jasim Uddin Haroon September 23, 2017 09:48:14

A newly introduced pension system executed from July now faces an upsetting blow amid opposition from 'influential' employees to part payout at retirement, sources said.   A government-approve...

China criticizes S&P credit rating cut

-- September 22, 2017 12:33:25

China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision.” &...

WB suggests technological progress in manufacturing

FE Report September 22, 2017 11:59:41

The World Bank (WB) has said Bangladesh's low wages is not sufficient to be competitive in the global trade, rather it needs technological improvements in the manufacturing sector.   The glo...

Six banks under BB scanner

Siddique Islam September 22, 2017 10:50:01

The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities.   As part of the move, the Bang...

PM for taking pvt sector on board for SDG financing

-- September 21, 2017 21:55:50

Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to address the financing gaps in implementing the SDGs as mobilisation of financial resources for the purpose appear...

India growing pretty robustly: World Bank

-- September 21, 2017 19:38:17

India has been growing ‘pretty robustly’, World Bank president Jim Yong Kim has said, as he predicted a strong global growth this year, reports PTI.   Speaking at the Bloomberg Glob...

BoJ keeps monetary policy unchanged

-- September 21, 2017 12:53:35

The Bank of Japan (BoJ) kept monetary settings steady on Thursday, but a new board member opposed the decision, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe.  ...

NBR, USAID jointly launch customs website

FE Report September 21, 2017 12:23:14

Bangladesh's revenue authority and USAID country chapter's trade- facilitation wing jointly launched a customs website Wednesday with interactive options encompassing entire spectrum of trading matt...

Leather products may get 15pc cash incentive for next five yrs

FE Report September 21, 2017 10:26:15

The government is preparing a policy to continue providing the existing cash incentive to the leather goods and footwear sector for next five years, aims at boosting exports as well as attracting fore...

BIDA scarcely bears fruit yet

Doulot Akter Mala September 21, 2017 10:19:26

The birth of BIDA hardly bears fruits yet as the authority is still engrossed in setting its own house in order with policy reforms and bringing coordination among stakeholders.   Sources clo...

SoEs run deep in debt for government indifference

Jasim Uddin Haroon September 20, 2017 11:27:58

State-owned enterprises (SoEs) run deep in debt, as of latest calculations, as repayment rates stand much lower than borrowings for government's indifference towards their reform.   People fami...

Jamuna Bank inks deal with Titas Gas

FE Online Desk September 20, 2017 11:24:01

Jamuna Bank Limited recently signed an agreement with Titas Gas Transmission & Distribution Company Limited at Titas Gas Head Office. Under this agreement, Titas Gas subscribers can pay their gas...

BB to strengthen farm loan monitoring

Siddique Islam September 20, 2017 10:36:50

The central bank is going to strengthen its monitoring and supervision for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture...

‘Belt and Road’ can duly benefit developed, developing states

Jubair Hasan from Dunhuang in China September 20, 2017 01:01:14

The Chinese flagship move - commonly known as 'Belt and Road' (BR) - could deliver mutual and equal socio-economic benefits for both the developed and the developing countries, speakers said while ina...

35 individuals, orgs get BB remittance award

-- September 19, 2017 21:21:58

Thirty-five individuals and organisations, including five commercial banks, have been awarded the ‘Bangladesh Bank Remittance Award-2016’. They have got the award for sending home the hig...

Labour rights integral part of BD economy: PM

-- September 19, 2017 20:54:53

Prime Minister Sheikh Hasina has said her government has taken the issue of labour rights as an integral part of the economy and society. “We are looking to the protection of labour rights as a...

Australia jobs pick-up to continue: RBA

-- September 19, 2017 14:12:24

Reserve Bank of Australia (RBA) has turned more upbeat on the economic outlook led by an improving labour market, although it remained worried about rising household debt and a strong local dollar. &...

Padma Bridge cost may rise third time

-- September 19, 2017 10:34:05

The estimated cost of the much-hyped Padma Multipurpose Bridge Project is likely to see a rise for the third time by around Tk 14.0 billion (1,400 crore), reports UNB.   The new rise will take...

Government goes for augmenting non-tax revenue to meet needs

Rezaul Karim September 19, 2017 10:11:51

The government plans to augment non-tax revenues and non-NBR tax collection by exploring new areas to meet its growing fund needs, officials said. Besides, a hike in fees on different items under d...

BB to bend rules for banks to invest beyond limit

Syful Islam September 19, 2017 01:11:10

Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants. Sources said the Bangladesh Bank...

August imports fall over 7.0pc despite big rice buy

Siddique Islam September 19, 2017 00:57:21

Overall imports fell by over 7.0 per cent or US$294.53 million in August despite big emergency rice buy from abroad.One obvious reason cited by sources is that lower imports for industries tipped the...

BB issues new guideline for agent banking

-- September 18, 2017 21:49:30

Bangladesh Bank (BB) has issued a new guideline titled “Prudential Guidelines for Agent Banking Operation in Bangladesh” aimed at taking the banking services to the doorsteps of the people...

S pore exports increase 17pc in Aug

-- September 18, 2017 13:32:24

Singapore’s non-oil domestic exports surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.   Exports i...

Basic Bank’s total loans reach over Tk 65.38b

FE Report September 18, 2017 10:18:02

The total amount of outstanding loans of Basic Bank Limited to 628 companies has reached over Tk 65.38 billion, while the bank also provided loans to 57 companies without any document. Basic Bank g...

India likely to be third largest economy by 2028: HSBC

-- September 17, 2017 16:41:14

India is prone to overhaul Japan and Germany to become the third largest economy in the next 10 years but needs to be unswerving in reforms and focus more on the social sector, British brokerage HSBC...

NBR starts spl survey today to net businesses sans tax files

FE Report September 17, 2017 10:03:51

Around 40 per cent of the city's hotels, restaurants, fast-food shops, guest houses and beauty parlours are yet to have tax files despite running full-fledged business, according to a preliminary esti...

WB funds for bankrolling BD dev becoming costlier

FHM Humayan Kabir September 17, 2017 09:46:35

Status change entails a cost as the World Bank is going to make lending to Bangladesh much costlier, with interest rates rising above 2.0 per cent, for the country's economic graduation.   Offi...

Demand slump deflates broad money growth

Jasim Uddin Haroon September 16, 2017 10:49:55

Bangladesh's broad money growth dropped in significant volume in the past financial year for what economists view a deflated investment demand both in public and private sectors.   Such low mo...

Agencies find terms binding Indian LoC-III tougher

 FHM Humayan Kabir September 16, 2017 10:02:13

Agencies concerned find some terms and conditions attached to the use of India's fresh US$4.5 billion Line of Credit (LoC) for Bangladesh tougher and suggest the government should arduously negotiate...

Move to build Ctg-Cox's Bazar rail link progresses

-- September 15, 2017 17:19:48

Government’s initiatives to build a rail link between Dhaka and Cox’s Bazar progress. Two agreements in this connection were signed Thursday and another will be signed Saturday.   T...