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Search results for: economy

Paradise Papers expose secrets of ultra-rich

BBC November 06, 2017 10:16:29

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump...

Menon eyes pvt sector’s investment in tourism

-- November 05, 2017 18:44:52

Civil Aviation and Tourism Minister Rashed Khan Menon Sunday urged the private sector to invest in the tourism sector of the country. Menon told the private sector to consider building resorts and m...

Govt to send 100,000 drivers abroad in five yrs

-- November 05, 2017 18:31:12

The government has taken an initiative to send  nearly 100,000 drivers abroad in the next five years for  their increased demands in different countries across the globe. Expatriates' Welfa...

Q1 merchandise trade gap marks 133pc rise

FE Online Report November 05, 2017 18:12:51

Country’s merchandise trade gap with the rest of the world surged to $3.65 billion in the first quarter (Q1) of the current fiscal year (FY18). Statistics released by the central bank on Sunday...

China sees prospect in Dhaka-Naypyidaw power sharing

-- November 05, 2017 17:21:44

China sees a good prospect in electricity sharing by Bangladesh and Myanmar in the future through grid interconnection transmitting clean hydropower from China's Yunnan Province. A senior official of...

Novozymes awards eight BD textile cos

FE Online Desk November 05, 2017 10:21:22

  The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement....

Non-organic way to boost Hilsha output

-- November 04, 2017 19:35:10

Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to breed Hilsha in the hatchery using artificial methods.  The methods, which include producing larvae fro...

Bangladesh to get $457m loan from WB

-- November 04, 2017 18:41:15

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

Canada exports, imports drop in Sept

-- November 04, 2017 15:29:30

Canada’s imports and exports dropped for the fourth consecutive month in September, resulting the trade deficit remained at C$3.18 billion ($2.48 billion), according to Statistics Canada data....

US trade gap edges up in Sept

-- November 04, 2017 15:19:51

The US trade deficit widened slightly more than expected in September as rising exports of goods and services were offset by a jump in imports. The Commerce Department said on Friday the trade gap in...

US unemployment rate falls to 17-year low

-- November 04, 2017 15:10:58

US unemployment fell to its lowest level in nearly 17 years in October, according to data released on Sunday, which President Donald Trump said was proof his policies were bearing fruit. Job creation...

IMF gives Venezuela six months to improve data

-- November 04, 2017 11:56:59

The International Monetary Fund (IMF) has given Venezuela six months to improve the flow of economic data saying it had violated IMF rules on the timely provision of some statistics. The Fund said...

World markets themes for the week ahead

Reuters November 04, 2017 10:25:38

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/TRUMP ON TOUR US President Donald Trump embarks on hi...

Japan jacks up lending rate to Bangladesh

FHM Humayan Kabir November 04, 2017 10:06:56

The much-cherished softest lending by Japan is all over as the donor has hiked the interest rate to 1.0 per cent from 0.01 per cent for Bangladesh, officials said. The Asian economic powerhouse has a...

Qatar's hiring of Bangladeshis softens as crisis lingers

Arafat Ara November 04, 2017 09:42:52

The outflow of Bangladeshi workers to Qatar has fallen sharply in recent months in the aftermath of unrest exacerbated by sanction on it by Saudi Arabia and allies. Sector-insiders said although the...

Visitors throng Dhaka Income Tax Fair

FE Report November 04, 2017 00:25:29

The Income Tax Fair 2017 in the capital drew a huge number of visitors on Friday, the third day of the weeklong event, as it was a public holiday. Most of the people visiting the fair on the day we...

US job growth likely to rebound in Oct

-- November 03, 2017 14:57:27

US job growth likely rebounded sharply in October after hurricane-related disruptions depressed employment in September, in a move that could seal the case for an interest rate increase from the Feder...

Army may get new metro rail project

Munima Sultana November 03, 2017 14:46:31

Bangladesh Army is likely to be engaged in a new metro rail development project in the city's corridor as per a recommendation made in 20-year transport plan. Though the Army has no experience in imp...

Int'l workshop on revival of waqf begins Saturday

FE Online Desk November 03, 2017 12:07:54

A two-day international workshop on `Revival of Waqf for Socio Economic Development’ jointly organised by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Banglad...

Hard bargain holds back another mega PPP project

FHM Humayan Kabir November 03, 2017 12:06:23

A hard bargain by a foreign donor held back Bangladesh's another public- private partnership (PPP) project as it made the funding of Dhaka Bypass conditional to government counter-guarantee. The proj...

Banks lack skilled workers in ICT: BIBM

-- November 02, 2017 19:52:20

A research of Bangladesh Institute of Bank Management (BIBM) Thursday said 80 per cent banks in the country do not have enough skilled and efficient manpower in the ICT section to face any accidents.A...

BB maintains firm stance against digital hundi

-- November 02, 2017 19:41:03

Bangladesh Bank (BB) continues to maintain its strict position to stop digital hundi in order to enhance remittance inflow through mobile financial service, such as mobile banking. "The inflow of re...

Bank of England hikes interest rates

-- November 02, 2017 19:04:35

Bank of England raised interest rates for the first time in over a decade despite the fact that wages are growing weakly in the UK and the country faces the growing threat of a disastrous ‘no de...

BD focuses on $1b trade with Vietnam

-- November 02, 2017 17:48:06

Bangladesh Ambassador to Vietnam Samina Naz has met Vietnam Prime Minister Nguyen Xuan Phuc and emphasised taking bilateral trade to US$ 1 billion by tapping newer potentials that the two countries ma...

Fed keeps rates unchanged

-- November 02, 2017 12:31:06

The Federal Reserve kept its interest rates steady on Wednesday and pointed to solid US economic growth and a strengthening labour market while playing down the impact of recent hurricanes, a sign it...

BB cuts lending rate for FSSP fund

-- November 01, 2017 20:32:59

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Muhith wants ICT use for region’s development

-- November 01, 2017 20:01:31

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...

BD implements 41pc of global TF measures

FE Online Report November 01, 2017 17:17:52

Bangladesh has so far implemented around 41 per cent of the 31 common global trade facilitation (TF) measures to reduce trade cost. The revelation was made public on Wednesday in a report on the Seco...

Tax fair begins targeting Tk 30b revenue

-- November 01, 2017 14:55:30

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

CAB to organise meeting aiming reducing power tariff

FE Online Desk November 01, 2017 14:54:32

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...