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Search results for: economy

Mongolia coal exports cool as China border issue creates bottleneck

-- October 15, 2017 23:33:02

ULAANBAATAR, Oct 15 (Reuters): Mongolia's coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In the first nine months of the year, exp...

Eurogroup head outlines pragmatic view on ‘euro zone budget’

-- October 15, 2017 23:28:56

WASHINGTON, Oct 15 (Reuters): A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund...

World economy still needs help from low rates, IMF says

AP October 15, 2017 12:46:54

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the Internation...

No signs of excesses building in markets: BOJ

Reuters October 14, 2017 10:50:14

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in US, European and Japanese markets as a result of heavy money printing by the BOJ....

Tofail urges exporters to adopt 'Look East' approach

FE Report October 14, 2017 00:17:31

Commerce Minister Tofail Ahmed Friday urged the country's exporters and manufacturers to take a 'Look East' approach to expanding and diversifying export market and products. "Our exporters intend to...

Japan exports seen up in Sept

Reuters October 13, 2017 13:27:24

Japan’s exports likely grew for a tenth straight month in September buoyed by upbeat demand from overseas, a Reuters poll showed on Friday, underscoring a steady economic recovery. Exports were...

User test of online VAT return starts

FE Report October 13, 2017 10:52:53

VAT online project (VoP) launched user acceptance test (UAT) of online return submission last week, before introducing it to businesses under the amended VAT rules. The online VAT return filing syste...

President for developing stress tolerant crops

-- October 12, 2017 21:06:38

President M Abdul Hamid Thursday asked researchers, experts and others concerned to create stress-tolerant crop varieties for sustainable socio-economic development of the country. "There is no alte...

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Syed Ali Asfar October 12, 2017 19:48:56

Bangladesh has been ranked 88th out of 119 countries on the Global Hunger Index this year. The report was released by Washington-based International Food Policy Research Institute (IFPRI). The GHI,...

IMF chief stresses inclusive global trading system

-- October 12, 2017 19:24:45

IMF chief Christine Lagarde has underlined the need to redouble efforts to create a more inclusive global trading system amidst signs that the developed countries, including the US, were resetting tra...

Japan wholesale prices rise 3pc in Sept

-- October 12, 2017 11:51:55

Japanese wholesale prices rose 3.0 per cent in September from a year earlier, at the fastest annual pace in almost nine years, due to rising prices for gasoline, metals, and agricultural products. Ec...

Poverty alleviation by 2024: Muhith

UNB October 12, 2017 11:01:48

Finance Minister AMA Muhith has said Bangladesh will achieve success in alleviating poverty by 2024. The minister came up with the assertion while addressing at an international seminar titled 'Towa...

Generous rural power connections far outstrip actual generation

M Azizur Rahman October 12, 2017 09:33:18

Generous power connections through "unplanned" network expansion in the country's rural areas have far outstripped generation, resulting in sporadic outage, sufferers said. Inadequate and inefficient...

Global financial stability improves amid looming risks: IMF

-- October 11, 2017 18:58:28

The global economic recovery has strengthened financial stability but easy monetary and financial conditions against a backdrop of sluggish inflation is elevating medium-term risks, the International...

IMF projects 7.0pc growth for Bangladesh

FE Online Report October 11, 2017 13:05:11

International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18). The fund unveiled the projection in its latest World...

Tax reform may be 'painful' for some states: Kaplan

-- October 11, 2017 11:17:55

Limiting the ability of Americans to deduct what they pay in state and local taxes from their federal tax bill “could be painful” for some US states already suffering from population drain...

Apparel exports to China, Japan fall

Monira Munni October 11, 2017 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

UNDESA mission exchanges views with FBCCI leaders

-- October 11, 2017 00:51:43

A mission from Committee for Development Policy (CDP) Secretariat of UNDESA (United Nations Department of Economic and Social Affairs ) met FBCCI President Md Shafiul Islam (Mohiuddin) at FBCCI Bhab...

US chip maker unveils next-generation device for fully autonomous cars

-- October 11, 2017 00:50:16

Silicon Valley graphics chipmaker NVIDIA unveiled on Tuesday the first computer chips for developing fully autonomous vehicles and said it had more than 25 customers working to build a new class of dr...

BD to launch 'Poverty Environment Accounts' system

-- October 10, 2017 18:56:14

The government is going to pilot a “Poverty Environment Accounts (PEA)” system to get coherent quantification and practical link between the poverty and environment aimed at formulating po...

Agro investment crosses Tk 603.8b in eight years

-- October 10, 2017 18:00:31

With a view to increasing production of crops and bringing agriculture inputs to the purchasing capacity of farmers, the government has invested Tk 603.8 billion in the last eight years. “The A...

China expects to achieve 2017 growth target

-- October 10, 2017 13:31:23

China will have no problem meeting its economic growth target of around 6.5 per cent this year, and may even beat it, the head of the Statistics Bureau said on Tuesday. Steps taken by the government...

Employment growth halves for missed economic potential: WB

 Jasim Uddin Haroon October 10, 2017 10:15:03

Bangladesh's employment growth almost halved in 2010- 2016 compared to the preceding period since 2003, according to the World Bank (WB) that indicated job-scant economic growth as a major reason. T...

Economy faces downside risks

Siddique Islam October 10, 2017 00:44:07

The country's conomy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank. The latest Bangladesh Bank Quarterly (BBQ) outlo...

ICMAB organises workshop in Ctg on cost audit

-- October 10, 2017 00:31:10

The Chittagong Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a workshop titled 'Cost Audit - A Practical Approach' recently at Agrabad, sai...

State-run sugar mills' losses reach Tk 30b

Rezaul Karim October 10, 2017 00:30:03

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said. "The cash-strappe...

Hurricane history favours US building suppliers

-- October 10, 2017 00:24:54

There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will bene...

US economist Richard Thaler wins Nobel economics prize

-- October 09, 2017 16:12:13

US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics. The Royal Swedish Academy of Sciences said on Monday made the announcement....

Rohingya effect on economy: Academics for more research

-- October 09, 2017 11:53:24

The influx of more than half a million Rohingya refugees from Myanmar since August is having a huge effect on Bangladesh, including on its economy. Many university groups in Bangladesh are protes...

China service-sector growth falls in Sept

-- October 09, 2017 11:24:02

Growth in China’s services sector fell to the lowest level for 21 months in September as the pace of new business cooled, a private survey showed. The survey was in sharp contrast to an officia...