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Search results for: economy

Export to Italy reaches $889m in Jan-July

FE Online Report September 02, 2017 11:15:19

Country’s merchandise export to Italy reached $889 million in the first seven months of the current calendar year, the latest statistics of the Export Promotion Bureau (EPB) revealed the data....

Export to India stands $378.61m in Jan-July

FE Online Report September 02, 2017 11:06:09

Country’s merchandise export to India reached at $378.10 million in the first seven months of the current calendar year, according to the latest statistics of the Export Promotion Bureau (EPB)....

US job growth slows in August

-- September 02, 2017 10:49:54

US job growth slowed more than expected in August after two straight months of hefty increases, but the pace of gains should be more than enough for the Federal Reserve to announce a plan to start tri...

US CEOs urge Trump not to scrap 'Dreamers' programme

-- September 01, 2017 22:28:30

  Hundreds of chief executives and business leaders in the US have signed a letter urging President Donald Trump not to scrap a programme known as “Dreamers” that prevents the deport...

Bangladesh seeks easy visa in IOR

-- September 01, 2017 21:46:23

Commerce Minister Tofail Ahmed has urged the countries of Indian Ocean Region to relax their visa regimes to enable free flow of people. The Bangladesh minister addressed the Second Indian Ocean Conf...

Kuwait Airways expands Dhaka flights from Jan

-- September 01, 2017 17:46:35

Kuwait Airways in the first quarter of 2018 plans to increase Kuwait City – Dhaka service, as it schedules 12 weekly flights from 03JAN18, instead of 10 weekly. Boeing 777-300ER operates all 12...

UK factory activity grows strongly in Aug

-- September 01, 2017 17:00:08

Britain’s factory activity grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed on Friday, suggesting the economy might be picking up speed af...

Pak population now stands over 200m

-- September 01, 2017 16:39:04

    Pakistan is one of the most populated countries in the world.     Last week, the Pakistan Bureau of Statistics released a provisional report of the country’s sixth p...

Mizoram becomes power-surplus - 3rd in NE India

-- September 01, 2017 16:26:39

    Over two decades after it was conceptualised, the first unit of a 60 MW power plant in Mizoram began generating electricity this week -- making it the third power-surplus state in nort...

Rakhine to set up economic zone targeting Bangladesh

FE desk September 01, 2017 16:20:57

    Myanmar will start construction work to set up an economic zone in Rakhain targeting trade with Bangladesh.       The Maungdaw economic zone, located in Kanyin C...

Axiata Group ratings not affected by company's acquisition of tower assets from Pakistan Mobile Com

FE Online Desk September 01, 2017 15:32:55

  S&P Global Ratings said Thursday that its rating and outlook on Malaysia-based wireless services provider Axiata Group Bhd. (BBB+/Stable/--) are not affected by the company's acquisition...

Most Asian currencies gain

-- September 01, 2017 13:33:47

Most emerging Asian currencies edged up on Friday as the dollar slipped after tepid US economic data casts doubts on whether the Federal Reserve will raise rates again this year, according to Reuters....

Nominal farm wage rate up by 6.59pc in FY17

FE Online Report September 01, 2017 11:51:55

Nominal wage rate of the agricultural sector in the country was increased by 6.59 per cent in the past fiscal year (FY17).   According to the latest estimate of the Bangladesh Bureau of Statist...

BD ranks 8th in leather products export

FE Online Report September 01, 2017 11:17:33

Bangladesh is the eight largest exporter of the leather products in the world, according to an estimation of the International Trade Centre Trade Map.   Country’s share in the world marke...

AL steered BD in becoming dev role model

-- August 31, 2017 21:47:30

Prime Minister Sheikh Hasina has said that Bangladesh has earned the reputation of being the role model of development as Awami League assumed power thrice with people’s mandate. She said this...

New India-Bangladesh rly line to start 2019

-- August 31, 2017 13:26:35

Land acquisition for India-Bangladesh new railway line has already been completed on the Indian side. On the Bangladesh side, 50 per cent was completed. The new India-Bangladesh railway project along...

BB eyes cut in small banknotes supply

-- August 31, 2017 12:50:43

The Bangladesh Bank is looking to restrict the supply of Tk 2 and Tk 5 banknotes.   An excess of coinage in the vaults prompted the decision, the central bank said.   In instructions iss...

India likely to post stronger growth

Reuters August 31, 2017 11:51:06

India’s economy likely showed further signs of recovery in the latest quarter from a shock cash squeeze late last year, but the rebound is not expected to be strong enough to help it reclaim the...

NBR redrafting income tax law

 Doulot Akter Mala August 31, 2017 09:48:09

Government's revenue authority began redrafting a new income-tax law after its draft was returned by the cabinet for plugging the holes that may drain taxes.   The National Board of Revenue (NB...

ADB for national green financing vehicles

-- August 30, 2017 18:39:33

The Asian Development Bank (ADB), in a report launched on Wednesday, has proposed the creation of national green financing vehicles to catalyse environmentally and financially sustainable infrastructu...

FDI from USA drops significantly in July-March

FE Online Report August 30, 2017 14:28:02

Net inflows of Foreign Direct Investment (FDI) from the United States of America (USA) dropped by 58.38 per cent in the first nine months of the past fiscal year (FY17).   Central bank stat...

US cos set sight on BD power sector

FE Online Report   August 30, 2017 14:18:55

US companies like the General Electric have evinced interest in investing in the power sector of Bangladesh. It was made known when US Acting Assistant Secretary of State Alice Wells called on Bang...

Work on hi-tech park in Rajshahi to complete 2019

-- August 30, 2017 13:55:14

Construction work on Bangabandhu Sheikh Mujib Hi-Tech Park in Rajshahi is going on in full swing. The project was launched in July, 2016, and will complete the work by June, 2019. The boundary wall...

Moody’s predicts G20 to grow over 3pc  

Reuters August 30, 2017 10:39:42

Moody’s Investors Service kept its forecast for G20 economic growth at just over 3 per cent for this year and next, but warned of geopolitical risks, US protectionism and spillovers from globa...

Seven banks suffer Tk 154b capital shortfall in Q2 alone

Siddique Islam August 30, 2017 10:21:23

Seven banks, five owned by the government, suffered capital shortfalls worth nearly Tk 154 billion in the current calendar year's second quarter (Q2) alone. Two state-owned commercial banks (SoCBs)...

WB fears sizeable revenue deficit this fiscal year

Syful Islam August 30, 2017 01:29:31

The government's revenue shortfall during the current financial year (FY) might range between Tk 400 billion and Tk 450 billion, according to a World Bank (WB) projection.   The government,...

WB to give $55m for e-GP, digital monitoring system

-- August 29, 2017 17:31:14

The World Bank (WB) sit set to give Bangladesh a loan of $55 million dollars to digitise the monitoring of the country's annual development programmes and to improve public procurement performance....

FDI from India stands at $72.3m in July-March

FE Online Report August 29, 2017 11:29:16

Net inflow of Foreign Direct Investment (FDI) from India stood at $72.3 million in the first nine months of the past fiscal year (FY17), according to the latest statistics of the central bank.  ...

Country’s debt-GDP ratio reaches 34pc

FE Online Report August 29, 2017 10:28:48

The ratio of the total debt to the Gross Domestic Product (GDP) reached to 34 per cent in the past fiscal year (FY17) which was 32 per cent in FY16.   Policy Research Institute of Bangladesh (P...

Japan hikes lending rate for Bangladesh

FHM Humayan Kabir August 29, 2017 09:08:04

Japan has raised the rate of interest for its latest aid package worth nearly US$1.64 billion for Bangladesh, officials said.   Japan official donor agency recently confirmed the 38th loan pack...