Search results for: economy

India's CPI inflation falls below target despite rupee slide

-- September 13, 2018 12:29:30

India’s retail inflation fell below the Reserve Bank of India’s medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at...

Unrealised loan totals Tk 1.31t from 230,658 defaulters: Muhith

FE Report September 13, 2018 09:27:11

The number of loan defaulters in the country reached 230,658, and the amount of unrecovered loan from them totalled over Tk 1.31 trillion until June 2018, according to the central bank. Finance Minis...

Provisioning shortfall soars 18pc to Tk 79.90b in H1

FE Report September 13, 2018 09:20:39

Overall shortfall in provisioning against loans in the country's banking system swelled by over 18 per cent or Tk 12.23 billion in the first half (H1) of this calendar year (2018). The aggregate amou...

French 2019 budget deficit to rise

-- September 12, 2018 14:35:32

France’s budget deficit will rise next year but stay below the European Union’s limit of 3.0 per cent of economic output, according to figures given by Finance Ministry officials on Tuesda...

Most banks renege on promises despite availing benefits

Siddique Islam September 12, 2018 09:23:32

The majority of the banks have not brought down the lending rate to single digits despite availing both policy and fiscal supports offered by the government. More than three dozen banks did not re-fi...

Tk 602.68b subsidies for agriculture in 9 yrs

-- September 11, 2018 20:46:38

The government has provided Tk 602.68 billion as subsidies for agriculture sector of the country in the last nine years, agriculture minister Begum Matia Chowdhury said. “Highest subsidies was...

Land office earns Tk 4.59b as revenue in 9-yr

-- September 11, 2018 19:56:24

Land (Bhumi) offices across the country has earned Tk 4.59 billion as general and organisational revenue from 2009-2010 to 2017-2018. “The present government has decided to set up land office...

ECNEC approves Madrasha dev project of Tk 59.19b

-- September 11, 2018 19:16:23

The ECNEC has approved the Selected Madrasha Development Project with an estimated cost of Tk 59.19 billion in a bid to ensure infrastructural development of some 2,000 madrashas in the country. Th...

Bangladesh creating ultra-wealthy population

-- September 11, 2018 18:29:17

Bangladesh is creating fastest-growing ultra wealthy population over the past five years accumulating more wealth at a faster pace than China and USA, says a new report from data firm Wealth-X. The U...

Philippines' July trade deficit widens to $3.55b

-- September 11, 2018 18:16:01

The trade deficit of Philippines widened to $3.55 billion US dollar in July as imports posted their fastest gain in more than two years while exports barely grew, government data showed. Trade defici...

Turkish economic growth dips, lira crisis darkens outlook

-- September 11, 2018 15:10:15

Turkish economic growth slowed to 5.2 per cent year-on-year in the second quarter, data showed on Monday, in what officials described as an “economic rebalancing” before an expected second...

NPLs soar by over 20pc

Siddique Islam September 11, 2018 09:38:15

Despite close monitoring by the central bank, the amount of non-performing loans (NPLs) jumped by over 20 per cent or Tk 150.37 billion at the end of June this year from December last year. The volum...

ADB to provide $357m to develop power lines

-- September 10, 2018 17:43:07

The Asian Development Bank (ADB) will provide $350 million in loan and $7.5 million in grant for a project to develop two power lines in support of Bangladesh's national target of electricity for all...

Regional lending gap threatens SDGs: Study

FE Report September 10, 2018 09:37:06

The big regional lending gap emerged one of the major barriers to the country's financial institutions (FIs) in achieving SDGs (sustainable development goals), according to a study released on Sunday....

Fresh from end of bailout, Greek PM announces tax breaks

-- September 09, 2018 12:23:35

Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of painful austerity, less than a month after Greece emerged from a bailout programme fin...

Tax reform in India leads to huge job losses

Reuters September 09, 2018 11:11:13

Tilak Raj Bathla’s tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country’s “textile city”. Nearby, more than two dozen othe...

No capital outflow, ‘invest at home’

FE Report September 09, 2018 10:42:41

The issue of inequality has an international dimension as the net capital flows from South to North, with the US being the largest borrower, a leading Malaysian economist has said. The world's large...

AIIB to invest $270m in clean water project

-- September 08, 2018 19:15:23

The Asian Infrastructure Investment Bank (AIIB) plans to invest $270 million in a clean water infrastructure project. The project aims to improve access to piped water and sanitation to municipalitie...

China's foreign trade up 9.1pc in first eight months

-- September 08, 2018 13:13:39

China's foreign trade went up 9.1 per cent year on year to 19.43 trillion yuan (about 2.85 trillion US dollars) in the first eight months of this year, customs data showed Saturday. Exports of the wo...

Mexico inflation rate hits 4.9pc in August

-- September 08, 2018 12:48:24

Mexican inflation increased to 4.9 per cent year-on-year in August, its highest level in five months due to gas and agribusiness, the National Institute of Statistics and Geography (INEGI) has said....

US action against N Korean hacker a major progress: BB

Syful Islam September 08, 2018 09:47:28

Bangladesh will examine the legal aspects of being a party to the criminal case against a North Korean hacker charged by the US justice department for cyber-attack on the Fed. In February 2016, the c...

Eurozone GDP grows 0.4pc in second quarter

-- September 07, 2018 18:25:00

The euro zone economy grew at 0.4 per cent in the second quarter (Q2) as business and other investments rose sharply while net trade was negative, a statistics agency said on Friday. The agency said...

Japan economy seen revised up in Q2: Reuters poll

-- September 07, 2018 18:10:53

The economic growth of Japan is expected to be revised up in the second quarter (Q2) due to an acceleration in capital expenditure, a Reuters poll showed on Friday. The poll of 18 economists also s...

US job growth sees a pickup in August

-- September 07, 2018 10:58:33

US job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 per cent, which would bolster views that the economy was so far weathering...

Ireland's earnings from tourists increase in H1

-- September 06, 2018 21:12:56

Overseas visitors to Ireland spent a total of 2.27 billion euros (2.64 billion US dollars) in the first half (H1) of 2018, up 8.5 per cent compared with the same period in 2017, according to the gover...

US worker productivity growth rise in Q2

-- September 06, 2018 20:48:30

US worker productivity rose at its fastest pace in more than three years in the second quarter (Q2), as previously reported, but the trend in productivity growth remained moderate. The US Labor Dep...

GDP growth to reach 8.25pc in FY19: Kamal

-- September 06, 2018 20:15:17

Planning Minister AHM Mustafa Kamal has expressed his high hope that the GDP growth rate in the current fiscal year (FY19) would reach 8.25 per cent surpassing the fiscal target of 7.8 per cent. &l...

Inflation slips to 5.48pc in August

-- September 06, 2018 19:28:06

The general point to point inflation rate dropped 0.54 per cent to 5.48 percentage point in August from the previous month due to the slight decrease in food inflation, according to the official data....

NBR's TP Cell still a lame duck

Doulot Akter Mala September 06, 2018 10:03:56

Transfer Pricing Cell (TPC) of National Board of Revenue (NBR) has been in a dysfunctional state during the last five years due to lack of necessary expertise and skills of taxmen on international tax...

Govt's borrowing from banks may go up this month

Siddique Islam September 06, 2018 09:45:12

The government is set to raise bank borrowing significantly in September as part of financing its budget deficit for the current fiscal year (FY), officials said. It may borrow upto Tk 130 billion fr...