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Search results for: economy

China trims final 2016 GDP figure

China trims final 2016 GDP figure

-- 2018-01-05 02:56:30

China slightly trimmed its final 2016 Gross Domestic Product (GDP) figure after scaling back an initial estimate of the services sector, but kept the annual GDP growth rate unchanged at 6.7 per cent....

UK new car sales hit record low

UK new car sales hit record low

-- 2018-01-05 02:28:32

British new car sales hit recorded low, biggest drop since 2009 last year, due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit. It fell more than 5.0 p...

Malaysia's Nov exports up 14.4pc

Malaysia's Nov exports up 14.4pc

-- 2018-01-05 02:09:01

Malaysia's November exports expanded 14.4 per cent year-on-year to $20.92 billion on higher manufactured goods demand, government data showed on Friday. The exports of the third largest economic coun...

UK small businesses confidence falls

UK small businesses confidence falls

-- 2018-01-05 01:42:05

British small businesses confidence waned in late 2017 as a cocktail of higher costs, weak domestic growth and lacklustre consumer demand is dampening the optimism among small businesses. The confide...

Yield rates of t-bills, bonds up in 2017

Yield rates of t-bills, bonds up in 2017

FE Online Report 2018-01-04 12:30:21

The yield rates of the treasury-bills and treasury-bonds increased modestly in the just-concluded year, according to the latest statistics of the central bank. It showed the returns of 91-day, 182-da...

Oxfam, SME to empower marginalised rural people

Oxfam, SME to empower marginalised rural people

-- 2018-01-04 12:00:00

Oxfam Bangladesh and SME Corporation Ltd (BSCL) agreed to promote rural based micro and small dairy enterprises for the benefit of marginalised rural people through using sustainable green energy. &nb...

Revenue collection grows 14.28pc in five years

Revenue collection grows 14.28pc in five years

-- 2018-01-04 10:42:21

Revenue earnings have increased at an average rate of 14.28 per cent over the last five years that has ultimately boosted the government's capacity to finance priority projects with own funds. Reven...

Govt guarantees $200m ITFC loans to finance fuel oil import

Govt guarantees $200m ITFC loans to finance fuel oil import

FE Report 2018-01-04 10:31:05

The government has issued counter-guarantees worth US$ 200 million against ITFC loans to finance fuel oil import, officials said. The Islamic Trade Finance Corporation (ITFC) will provide state-owned...

Watchful BB bands with banks to face crypto craze

Watchful BB bands with banks to face crypto craze

Jasim Uddin Haroom 2018-01-04 09:26:55

Dazzled by the advent of cryptocurrency, a digital asset designed as a medium of exchange in transactions on virtual money market, Bangladesh's central bank began to devise ways of dealing with it. P...

Forex reserve marks rise totalling to $33.23b

Forex reserve marks rise totalling to $33.23b

-- 2018-01-04 09:20:07

The country’s foreign exchange reserves rose to USD 33.23 billion at the end of December – marking $630 million rise compared to that of November. Bangladesh Bank said the reserve stood n...

China to keep GDP target 'around 6.5pc'

China to keep GDP target 'around 6.5pc'

-- 2018-01-04 04:26:52

China will keep its target for economic growth at “around 6.5 percent” in 2018, unchanged from last year, policy sources told Reuters. The second largest economic country of the world see...

Now govt mulls building bigger LNG terminal

Now govt mulls building bigger LNG terminal

FE Report 2018-01-03 12:00:00

The government now intends to build a bigger-sized LNG import terminal having the capacity of 7.5 million tonnes per year (Mtpa) instead of 5.5 Mtpa to meet the demand for natural gas in future. Stat...

Germany sees record high employment in December

Germany sees record high employment in December

-- 2018-01-03 12:00:00

The number of jobless people in Germany fell by 183,000 in December compared with a year earlier and the country finished the year with a record 44.3 million people in work. The unemployment rate rem...

BB to issue fresh directives for implementing ALM guidelines

BB to issue fresh directives for implementing ALM guidelines

Siddique Islam 2018-01-03 10:57:30

Commercial banks are expected to get a latest directive for implementing the asset-liability management (ALM) guidelines strictly to duck possible liquidity pressure in an emerging lopsided-market sce...

US home prices set to soar in 2018

US home prices set to soar in 2018

-- 2018-01-03 02:13:18

US home prices are projected to increase 4.2 per cent on a year-on-year basis from November 2017 to November 2018, according to a new report released Tuesday. Home prices in the United States are up...

BPC to import 0.33m tonnes of petro products in January

BPC to import 0.33m tonnes of petro products in January

FE Report 2018-01-02 12:00:00

The state-run Bangladesh Petroleum Corporation (BPC) will import around 330,000 tonnes of refined petroleum products, especially diesel and jet fuel, this month under both term and open bidding system...

Living cost jumps by 8.44pc

Living cost jumps by 8.44pc

FE Online Report 2018-01-02 12:00:00

Living expenditure increased by 8.44 per cent and price of commodity and services jumped by 7.17 per cent in 2017, the Consumers’ Association of Bangladesh (CAB) latest study revealed. In 2016,...

Asian factories end strong year on mixed note

Asian factories end strong year on mixed note

-- 2018-01-02 12:00:00

Asian manufacturing sectors ended a strong 2017 on a mixed note, with activity at multi-year highs in Taiwan and India and surprisingly picking up in China. “Robust external demand and accommo...

ECNEC clears Patuakhali naval base, 15 other projects

ECNEC clears Patuakhali naval base, 15 other projects

FE Online Report 2018-01-02 12:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved 16 development projects at a combine cost of Tk 52.21 billion. The approved 16 project include new naval base establishme...

Remittance stays in negative territory

Remittance stays in negative territory

FE Report 2018-01-02 11:39:21

The inward remittance flow remained pegged into a negative territory despite a significant rise in overseas jobs of Bangladeshi nationals by official count in the just-concluded year. The remittance...

Prisoner-made RMG to hit int’l market

Prisoner-made RMG to hit int’l market

-- 2018-01-02 07:55:50

Narayanganj District Jail recently launched Bangladesh’s first integrated Ready Made Garment (RMG) factory to be completely run by inmates.  The facility, comprising 53 machines, will allo...

December inflation drops to 5.83pc

December inflation drops to 5.83pc

FE Online Report 2018-01-02 07:20:01

The point-to-point inflation rate in December dropped to 5.83 per cent – thereby recording a slight decrease over November, according to the latest official data. Bangladesh Bureau of Statistic...

India to use Bangladesh territory for LPG supply

India to use Bangladesh territory for LPG supply

FE Online Desk 2018-01-02 06:27:57

Indian state-owned oil company has chalked out plan to supply liquefied petroleum gas (LPG) to the northeastern states through Bangladesh. Sources concerned said the move will drastically cut the ref...

Bahrain keen on boosting trade with Bangladesh

Bahrain keen on boosting trade with Bangladesh

-- 2018-01-02 05:00:47

Bahrain Chamber of Commerce and Industry (BCCI) is keen on boosting trade with Bangladesh to achieve the common aspirations of the two friendly countries. BCCI Chairman Khalid Abdulrahman Al-Moayyed...

Singapore GDP growth slows in Q4

Singapore GDP growth slows in Q4

-- 2018-01-02 02:57:07

Singapore’s economic growth slowed in the Fourth Quarter (Q4) as factories lost steam, but a services sector recovery has bolstered expectations. The economy expanded 3.1 per cent in the Q4 fro...

India's manufacturing PMI hits 5-year high

India's manufacturing PMI hits 5-year high

-- 2018-01-02 02:23:49

The manufacturing activity of India expanded at the fastest pace in five years in December, a private sector survey showed on Tuesday. Tuesday’s data showed that Indian business continues to re...

China reiterates prudent monetary policy for 2018

China reiterates prudent monetary policy for 2018

Reuters 2018-01-01 12:51:32

China will maintain prudent monetary policy and reasonable loan growth in 2018, central bank chief Zhou Xiaochuan said in comments published on Sunday. In a new year’s message, Governor Zhou sa...

Saudis, UAE roll out VAT for first time

Saudis, UAE roll out VAT for first time

BBC 2018-01-01 12:00:00

Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time. The 5.0 per cent levy is being applied to the majority of goods and services. Gulf states h...

Overseas employment sees new record in 2017

Overseas employment sees new record in 2017

-- 2018-01-01 12:00:00

Bangladesh sent a record over1.0 million workers abroad with jobs in 2017, highest in the history of overseas employment sector. Earlier the highest number was 875,055 in 2008. The country started s...

Maybe a bellwether of better day

Maybe a bellwether of better day

Jasim Uddin Haroon 2018-01-01 10:41:35

People in Bangladesh hope the year 2018 appears today (Monday) as the bellwether of changes for the better despite risks ahead and uncertainties, especially in the banking sector, in the background....