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Search results for: economy

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...

Think again, businesses tell govt on new VAT law

FE Report October 09, 2017 09:53:31

The government should rethink merits of the existing VAT law 1991, including multiple rates and package VAT and tariff value, before the pending switch. Business leaders and economists came up with t...

Export earnings drop 9.83pc in Sept

FE Report October 09, 2017 00:35:15

The country's earnings from shipment of merchandise products declined by 9.83 per cent to US$ 2.03 billion in September 2017 over the corresponding month of 2016. The earnings in the third month of t...

60pc of Monarch passengers back in the UK

BBC October 09, 2017 00:25:17

More than 60 per cent of holidaymakers left overseas when Monarch Airlines collapsed have now flown back to the UK, the Civil Aviation Authority says. The CAA stepped in after all of Monarch's flight...

Export earnings drop by 10pc in September

-- October 08, 2017 21:49:59

Export earnings of Bangladesh dropped to $2.03 billion last month, which is around 10 per cent less than the same month last year. It also missed the target by 28 per cent, the Export Promotion Burea...

Bangladesh pharma cos eye  Qatar market

-- October 08, 2017 21:04:29

As part of expanding its global footprint, Bangladesh’s fast-growing pharmaceutical sector is looking for opportunities in Qatar, ording to a report by www.thepeninsulaqatar.com.   A &l...

Modi eases burden on small companies

-- October 08, 2017 12:27:01

Prime Minister Narendra Modi’s government on Friday eased tax rules for small and medium-sized companies, as it rushes to address growing criticism of its stewardship of Asia’s third-large...

Taxmen to jumpstart scrutiny of tax returns

Doulot Akter Mala October 08, 2017 09:48:53

Taxmen will jumpstart scrutiny assessment, dubbed 'return process', just after submission of tax returns in the current fiscal year (FY) to detect any arithmetical flaws. All tax returns must go thro...

In-house training adds to RMG benefits: ILO

-- October 07, 2017 21:25:50

When skill shortage is seen a major constraint to steady growth of the country's apparel industry, in-house training for skill development of garment employees and workers has become a panacea bringin...

India receives $83b FDI from EU in 2000-17

FE Online Desk October 07, 2017 15:00:39

India received around US$ 83 billion in Foreign Direct Investment (FDI) from Europe during 2000-17 constituting approximately 24 per cent of the total FDI inflow into the country. The European Union...

Govt borrows $1.0b loan for six entities

Rezaul Karim October 07, 2017 12:25:48

The government has borrowed nearly US$ 1.0 billion (100 crore) from international lenders in favour of its different entities, officials said. In late September, the standing committee on non-concess...

Deferred new VAT law faces further vetting

Doulot Akter Mala October 07, 2017 00:44:40

Government's revenue authorities have decided to conduct afresh an impact assessment of the new VAT law, pending its now-deferred enforcement, as skepticism cropped up. Sources said the National Boar...