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Search results for: economy

Chevron stays, plans to invest $400mn: Nasrul

-- October 26, 2017 22:22:21

US oil major Chevron is not leaving Bangladesh; rather, it will invest $400 million in the country's gas sector. State Minister for Power and Energy Nasrul Hamid came up with the revelation on Thursd...

India sees highest visitors from Bangladesh

-- October 26, 2017 22:04:58

India's issuance of visas to the people of Bangladesh has marked a sharp rise in recent months as the two neighbouring countries are considering people-to-people contacts as the biggest strength to bo...

BD to bring further 500MW power from India

-- October 26, 2017 19:50:13

Indian High Commissioner Harsh Vardhan Shringla has said that India will supply another 500MW power to neighbouring Bangladesh through the Bheramara-Bherampur inter-connection by July next year. Acco...

Slum dwellers to get flats on low rental basis

Agencies October 26, 2017 13:47:08

Slum dwellers are going to get flats on low rental basis as Prime Minister Sheikh Hasina has inaugurated such a project at Mirpur in Dhaka city. She unveiled the foundation plaque of the country&rsqu...

S Korea GDP grows 1.4pc in Q3

-- October 26, 2017 11:22:51

South Korea’s economy clocked its fastest growth in seven years last quarter, as global demand for the country’s electronics more than offset the impact of regional geopolitical strains on...

Dealers may get more commission on OMS rice, wheat

Rezaul Karim and Talha Bin Habib October 26, 2017 11:12:02

A move is underway to raise dealers' commission on open market sale (OMS) of rice and wheat to help curb malpractices in sales by authorised traders, sources said. The food ministry has sent a propos...

Muhith for championing principles to achieve SDGs

-- October 26, 2017 10:55:04

Finance Minister AMA Muhith underscored on Wednesday the need for championing the principles for effective development cooperation among the global community to achieve Sustainable Development Goals (...

LTU serves demand notices on big shots to pay VAT arrears

Doulot Akter Mala October 26, 2017 09:57:39

Revenue board's value-added tax (VAT) wing served demand notices on 37 large taxpayers to realise VAT arrears worth Tk 6.93 billion, against the backdrop of its target shortfalls. Officials said amon...

Seven errant banks seek exoneration from penalty

Siddique Islam October 26, 2017 09:50:02

Seven commercial banks have appealed to the central bank's board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment. Their petitio...

Move to explore new manpower markets

-- October 25, 2017 23:44:47

A research firm has been appointed by the government to carry out a survey on labour markets in 52 countries, including 20 new ones, across the world. The revelation came on Wednesday during a meetin...

BB boss hopeful of recovering entire amount

-- October 25, 2017 22:14:57

Bangladesh Bank Governor Fazle Kabir has said that the entire amount of stolen reserve money of the central bank will be recovered after conclusion of the judicial case in this connection. He came up...

Cabinet okays import of 250,000 mts rice

-- October 25, 2017 21:43:33

The Cabinet Purchase Committee on Wednesday approved nine proposals, including import of 250,000 metric tonnes of rice. The Cabinet body also granted permission to give contracts to set up two power...

BIMSTEC leaders mull 'Trade and Investment Forum'

-- October 25, 2017 21:36:51

The leaders of BIMSTEC have urged FBCCI President Md. Shafiul Islam to take necessary steps for arranging a 'Trade and Investment Forum' of the member countries. BIMSTEC (The Bay of Bengal Initiative...

KSA vows to reduce dependency on oil

-- October 25, 2017 21:24:29

Saudi Arabia plans to build a business and industrial zone extending into Jordan and Egypt – thereby seeking to free itself from dependency on oil exports. Saudi Crown Prince Mohammed bin Salma...

Income tax fair begins Nov 1

-- October 25, 2017 16:30:40

The National Board of Revenue (NBR) is going to ogranise weeklong Income Tax Fair throughout the country from November 1. In Dhaka, the NBR will organise the fair in its own building at Agargaon area...

UK economy grows by 0.4pc in Q3

-- October 25, 2017 15:04:50

The UK's economy had higher than expected growth in the three months to September - increasing the chances of a rise in interest rates in November. Gross domestic product (GDP) for the quarter rose b...

Australian inflation surprisingly soft in Q3

-- October 25, 2017 12:38:19

Australian consumer prices were surprisingly tame last quarter while core inflation stayed below target for almost a second full year, leading investors to pare back the already slim chance of a rate...

BD financial market needs credible benchmark

Jasim Uddin Haroon October 25, 2017 10:15:51

Bangladesh's financial market runs sans effective benchmark called 'Dhaka Interbank Offered Rate (DIBOR)', leaving parties to quote rates in contracts and other financial instruments impromptu. Such...

IDCOL, City Bank Capital Resources ink MoU

FE Online Desk October 25, 2017 10:09:15

A Memorandum of Understanding (MoU) was signed recently between Infrastructure Development Company Limited (IDCOL) and City Bank Capital Resources Limited, said a statement. The objective of the Mo...

Euro zone private sector growth slumps in Oct

-- October 25, 2017 00:46:40

LONDON, Oct 24 (Reuters): Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong even though firms increased...

IEA sees SE Asia oil demand growing until at least 2040

-- October 25, 2017 00:45:49

SINGAPORE, Oct 24 (Reuters): Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship...

Q1 sees rise in ADP implementation rate

-- October 24, 2017 20:38:24

The first quarter (July-September) of the current fiscal year (FY18) has witnessed an increase in the implementation rate of Annual Development Programme (ADP). Planning Minister AHM Mustafa Kamal sa...

Focus on utilisation of internal resources to achieve SDGs

-- October 24, 2017 18:30:03

Finance Minister AMA Muhith on Tuesday came up with a call for the developing countries to utilise internal resources instead of depending on foreign aid to achieve the sustainable development goals (...

APO prescribes preparation for adoption of digital economy

-- October 24, 2017 18:28:41

The Asian Productivity Organisation (APO) has urged its members to take preparation to be able to anticipate changes in digital economy. Secretary-General of APO Santhi Kanoktanaporn made the call at...

ADB okays $1.2b to upgrade Dhaka-Northwest trade corridor

-- October 24, 2017 17:33:36

The Asian Development Bank's (ADB) Board of Directors has approved $1.2 billion in finance for the second phase upgrade of the Dhaka-Northwest international trade corridor in Bangladesh. "Bangladesh...

ECNEC clears Dhaka-Ashulia Elevated Expressway

-- October 24, 2017 15:18:31

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Dhaka-Ashulia Elevated Expressway' project to ease traffic congestion in and around the capital city. The pro...

Paradise group distributes relief among Rohingyas

FE Online Desk October 24, 2017 11:42:12

Paradise Group recently distributed relief among Rohingyas in Kutupalong Refugee Camp, Ukhia, Cox’s Bazaar, said a statement. With great support from Bangladesh Army, bags containing essential...

China's Liaoning posts 3pc GDP in Jan-Sept

-- October 24, 2017 11:11:10

The economy of China’s northeastern rustbelt province of Liaoning showed signs of recovery in the first three quarters of this year, growing 3.0 per cent compared with the same period of 2016....

BD needs energy master plan: Summit Group

Mehdi Musharraf Bhuiyan October 24, 2017 10:52:23

Bangladesh needed a comprehensive energy system master plan to achieve sustainable economic growth, a senior executive of a leading energy sector company said recently. He also stressed the need for...

BRAC Bank organises workshop on prevention of money laundering

FE Online Desk October 24, 2017 10:51:31

BRAC Bank Limited organised a workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” in Jessore. More than 130 officials of the region participated in the day...