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Search results for: economy

Oil rises for fifth day on expectations of extended output cuts

-- September 10, 2019 13:53:39

Oil futures rose for a fifth day, rising to their highest in almost six weeks, on optimism that OPEC and other producing countries may agree to extend output cuts to support prices, reports Reuters....

Xiaomi unveils 30W wireless charging technology

-- September 10, 2019 13:38:18

Chinese handset maker Xiaomi has showcased its 30W wireless fast charging technology that it calls Mi Charge Turbo, which aims to charge a 4,000mAh battery from 0 to 50 per cent in just 25 minutes, re...

Bangladeshi workers exploited, traded between firms in Malaysia

-- September 10, 2019 12:49:27

KUALA LUMPUR, Sept 10:  Bangladeshi nationals were allegedly being worked and traded between firms in slave-like conditions that violated Malaysian labour laws, according to a news report today p...

India to restore 26m hectares of degraded land by 2030: Modi

-- September 10, 2019 11:05:50

NEW DELHI, Sept 10: India will restore 26 million hectares of most degraded and vulnerable land by 2030 by adopting a landscape restoration approach. “This will be focused on restoring land pro...

Freelancers allowed to remit enhanced IT expenses

FE Report September 10, 2019 10:06:36

The central bank has enhanced the ceiling for outward remittances in case of IT expenses through digital wallet to US$500 from the earlier $300 to support freelancers, officials said. "We've increase...

NBR set to zoom in on healthcare providers

Doulot Akter Mala September 10, 2019 10:01:09

Healthcare service providers are set to come under the scanners of the tax authority for checking tax evasion through verification of their deposit of tax at source to the public exchequer. The Natio...

Transfer of funds to govt: Kamal takes a swipe at extravagant state entities

FE Report September 10, 2019 09:53:48

Finance Minister AHM Mustafa Kamal on Monday insisted the autonomous public agencies cannot utilise their funds according to their wish as they are not the government. "[But] they are utilising their...

India-funded projects progress at a snail's pace

bdnews24.com September 09, 2019 16:42:45

Projects worth more than $7.36 billion undertaken by Bangladesh under the credit agreements signed with India have been bogged down by lengthy land acquisition processes and design changes. The gover...

Japan’s April-June GDP growth revised down to 1.3pc

Xinhua September 09, 2019 15:33:05

Japan's economic growth was downwardly revised from an initial annualised real 1.8 per cent in the April-June quarter to 1.3 per cent in the period, the government said in a report on Monday. Accordi...

Act now to get ready for recession, think-tank urges UK

Reuters September 09, 2019 10:54:51

Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday....

Create economic corridor in northeast region: ADB study

FE Report September 09, 2019 10:22:10

The Manila-based Asian Development Bank (ADB) on Sunday suggested setting up of an economic corridor in the country's north-eastern region, comprising nine districts, to tap its potential. The Northe...

BRI can speed up BD attaining goals: Experts

FE Report September 09, 2019 10:00:58

China's Belt and Road Initiative (BRI) could help Bangladesh achieve its long-term development goals in the current shift of global political economy, experts at an international conference said on Su...

Govt allocates Tk 4.65b for giving loan without interest to rural people

-- September 08, 2019 20:34:03

The government has allocated around Taka 4.65 billion for giving loan without interest to the insolvent and disabled people in villages under the Rural Social Service (RSS) programme in the country....

China's August forex reserves rise to $3.1072 trillion

Reuters September 08, 2019 15:43:24

China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States. The country&rs...

BD reaching danger level of income inequality: Economists

FE Report September 08, 2019 10:33:33

Economists made on Saturday an urgent call for measuring growth with equity as Bangladesh is reaching the danger level of income inequality. Alongside a uniform and quality education system at all le...

Fourth South Asia Economic Network Conference kicks off

FE Online Report September 07, 2019 19:57:44

The Fourth South Asia Economic Network Conference started at BRAC Centre Inn in the capital on Saturday. South Asian Network for Economic Modelling (SANEM), South Asia Economic Policy Network and The...

ADB workshop on “Northeast Bangladesh Economic Corridor Development” Sunday

FE Online Desk September 07, 2019 12:59:38

A consultation workshop on “Northeast Bangladesh Economic Corridor Development” will be held in Dhaka on Sunday.   Mr. A H M Mustafa Kamal, Finance Minister and Mr. Muhammad Abdul M...

CPD confce on BRI Sunday

FE Online Desk September 07, 2019 12:40:10

The Centre for Policy Dialogue (CPD) will hold an international conference on 'Belt and Road Initiative : Positioning Bangladesh within comparative perspective' on Sunday. Nurul Majid Mahmud Humayun,...

MF-CIB to check micro loan applications, charge fees

Ismail Hossain September 07, 2019 10:14:00

From now on, loan applications of the country's micro borrowers will be examined by the Microfinance Credit Information Bureau (MF-CIB), according to the entity's draft guideline. The MF-CIB may...

China lowers tax rate on heavy rare earths to support industry

Global Times September 06, 2019 18:24:18

The Ministry of Industry and Information Technology has formalised a new law that reduces the resource tax on heavy rare earths from 27 per cent to 20 per cent, a move that analysts said shows China's...

Australia’s underpowered tech industry could boost economy: report

Xinhua September 06, 2019 18:09:04

With proper investment, Australia’s technology sector could give the country’s economy a much needed boost, according to a report released on Thursday by economic advisory group AlphaBeta....

Move to procure 10,000 electronic devices to check VAT evasion

-- September 06, 2019 17:22:50

The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. S...

India's economy suffers car crash, pain spreads to villages

Reuters September 05, 2019 11:47:59

The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi's southern outskirts, would usually be packed on Sundays with migrant workers employed at the nea...

BoC keeps key interest rate unchanged

-- September 05, 2019 11:23:08

The Bank of Canada (BoC) on Wednesday announced it kept interest rate at 1.75 per cent as it gauged the extent of the damage that deepening trade conflicts have had on the domestic and global economie...

Overall economic achievements remain below true potentials

FE Report September 05, 2019 11:01:52

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has listed inadequate infrastructure, lack of investors' confidence, and shortage of power and energy as major impediments to the countr...

MCCI fears 6.0pc inflation in Sept

FE Report September 05, 2019 10:28:10

A spike in inflationary pressure is projected for September on the back of a rising trend in the prices of key commodities in the international market. Metropolitan Chamber of Commerce and Industry...

Idle fund: Soaking it up to stop misuse, says kamal

FE Report September 05, 2019 10:16:48

Finance Minister AHM Mustafa Kamal defended on Wednesday the government's move to transfer idle money of state entities to the public exchequer, saying that it was intended to stop misuse of fund. "M...

IMF pushes for enforcement of regulations

Siddique Islam September 05, 2019 10:08:13

The International Monetary Fund (IMF) has emphasised strict enforcement of regulations to ensure stability of the financial sector in Bangladesh. It also recommended that the policymakers take effect...

PM to inaugurate IORA summit Thursday

-- September 04, 2019 13:45:09

Prime Minister Sheikh Hasina is scheduled to inaugurate the Indian Ocean Rim Association (IORA) Blue Economy Ministerial Conference (BEC-III) on Thursday. Member States of IORA will discuss ways to p...

Future lies in building tech, knowledge-based society: BIDA EC

FE Report September 04, 2019 10:54:31

The country should focus on increasing investment to establish a knowledge- and technology-based society, so that it can cope with the upcoming challenges, said Kazi M Aminul Islam, outgoing executive...