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Search results for: economy

Proposal to float separate procurement division faces opposition

Proposal to float separate procurement division faces opposition

Rezaul Karim 2017-12-16 12:00:00

The planning minister disagrees on a proposal made by the finance minister for creating a separate division to do government procurement activities, which usually involve billions of funds, officials...

Catalan crisis hurts Spain’s economy

Catalan crisis hurts Spain’s economy

Reuters 2017-12-16 01:22:33

Political uncertainty in Catalonia has dented expectations for growth in Spain’s economy, the country’s central bank said on Friday, as voters in the region gear up for an election that pr...

WB to make developing cities climate change resilient

WB to make developing cities climate change resilient

-- 2017-12-15 08:48:42

The World Bank (WB) is set to give $4.5 billion in loans and technical support to cash-short cities trying to protect themselves from climate change. Over the next three years, the scheme aims to hel...

Import orders scale all-time high of $16.10b

Import orders scale all-time high of $16.10b

Siddique Islam 2017-12-15 02:58:42

The country's overall import orders recorded an all-time high of US$ 16.10 billion in November while letter of credit (LC) of a large amount was opened for setting up Rooppur Nuclear Power Plant (NPP)...

Brazil raises growth forecast

Brazil raises growth forecast

-- 2017-12-15 01:21:31

Brazil raised its predictions of economic growth for 2017 from 0.5 per cent to 1.1 per cent, Finance Minister Henrique Meirelles said on Thursday. "The GDP fell sharply in 2016 and is rising signific...

UN projects 7.1pc growth for BD this year

UN projects 7.1pc growth for BD this year

FE Online Report 2017-12-14 12:00:00

The United Nations has projected that Bangladesh economy will grow by 7.1 per cent in the current fiscal year (FY18). On top of it, the organisation also projected that the economy would rise further...

ADB okays $100m more for microfinance programme

ADB okays $100m more for microfinance programme

-- 2017-12-14 12:00:00

The Asian Development Bank (ADB) has approved an additional $100 million for an existing microfinance risk participation and guarantee programme. The programme has been supporting growth and em...

Dutch organisation to ensure RMG workers' health

Dutch organisation to ensure RMG workers' health

-- 2017-12-14 12:00:00

A development organisation of Netherlands is set to help in improving health and well-being of RMG workers in Bangladesh. To this end, partnership agreements were signed between SNV Netherlands Devel...

US Fed raises interest rates

US Fed raises interest rates

Reuters 2017-12-14 11:47:10

The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in US economic growth from the Trump ad...

ADB keeps BD's growth projection unchanged

ADB keeps BD's growth projection unchanged

FE Report 2017-12-14 03:17:46

The Asian Development Bank (ADB) in its latest outlook supplement repeated its pared-down growth projection at 6.9 per cent for Bangladesh in the current fiscal year. In September last, the Bank in i...

New economic corridor 'can make $150b output by 2050'

New economic corridor 'can make $150b output by 2050'

FE Report 2017-12-13 12:00:00

The proposed South-west Bangladesh Economic Corridor (SWBEC) may help generate up to US$ 150 billion of economic output by 2050, if implemented in a well-coordinated manner, the Asian Development Bank...

Disease-resistant potato to save farmers Tk 1.0b

Disease-resistant potato to save farmers Tk 1.0b

-- 2017-12-13 12:00:00

Farmers in Bangladesh grow about 10 million tonnes of potato every year.  The amount produced well surpasses the domestic demand, while the surplus are exported to 20 countries.  But to sa...

Direct green finance by banks, FIs is only 5.88pc: Report

Direct green finance by banks, FIs is only 5.88pc: Report

FE Online Report 2017-12-13 12:00:00

Direct green finance makes up only 5.88 per cent of the green finance of the banks and financial institutions (FIs) in the country, according to the latest review report of the central bank. The late...

BD now model of workplace safety: ILO chief

BD now model of workplace safety: ILO chief

FE Online Report 2017-12-13 12:00:00

Outgoing ILO country director Srinivas B Reddy has said that many countries are now trying to replicate the Bangladesh model of workplace safety. He made the remarks while talking to a select group o...

BD to construct multipurpose terminal under 3rd Indian LoC

BD to construct multipurpose terminal under 3rd Indian LoC

FHM Humayan Kabir 2017-12-13 09:39:23

The government will construct a multipurpose terminal with Indian Line of Credit (LoC) aiming to start commercial operation of Payra port by 2022, officials said Monday. The Indian government from it...

Bangladesh, France win-win investment partners: PM

Bangladesh, France win-win investment partners: PM

-- 2017-12-13 05:35:40

Prime Minister Sheikh Hasina has said China businessmen can enjoy a win-win partnership with Bangladeshi ones through investing in Bangladesh. The Prime Minister made the remarks while speaking at th...

CBI keeps key interest rate unchanged

CBI keeps key interest rate unchanged

-- 2017-12-13 04:31:25

The Central Bank of Iceland (CBI) has kept its key deposit rate unchanged at 4.25 per cent after a meeting on Wednesday. The central bank officials said that they expected higher economic growth th...

RMG bags most of Tk 348b import-tax waiver

RMG bags most of Tk 348b import-tax waiver

Doulot Akter Mala 2017-12-12 12:00:00

Country's export industries enjoyed import-tax benefit worth Tk 348 billion through special bonded warehouse (SBW) facility alone last fiscal year, and RMG took almost all. Such a finding came in a s...

Manila bank now accusing BD authority of heist cover-up!

Manila bank now accusing BD authority of heist cover-up!

-- 2017-12-12 12:00:00

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence an...

BD’s rice output may drop this year: FAO

BD’s rice output may drop this year: FAO

FE Online Report 2017-12-12 12:00:00

Production of rice in Bangladesh may decline marginally this year mainly due to negative impact of flood, according to the latest forecast of the Food and Agriculture Organisation (FAO) of the United...

Muhith calls for more ADB fund

Muhith calls for more ADB fund

FE Online Report 2017-12-12 12:00:00

Finance Minister AMA Muhith requested the Asian Development Bank (ADB) to extend its support to assist Bangladesh’s effort to be a developed country. “You (ADB) should come forward with...

Cambodia's RMG export growth to slow next year: GMAC

Cambodia's RMG export growth to slow next year: GMAC

-- 2017-12-12 12:00:00

The Garment Manufacturers Association of Cambodia (GMAC) said that the growth of the Southeast Asian country’s garment industry will slow down next year. Concerns about the impact of next year&...

India's garment imports from Bangladesh up 56pc

India's garment imports from Bangladesh up 56pc

-- 2017-12-12 12:00:00

India has imported $87.4 million worth of readymade garments from Bangladesh during July-November 2017. According to the data released by Export Promotion Bureau of Bangladesh, it is a 56 per cent ri...

Overseas employment to cross 1.0m this year

Overseas employment to cross 1.0m this year

FE Online Report 2017-12-12 05:00:54

Expatriates' Welfare and Overseas Employment Minister Nurul Islam hopes that the number of overseas employment of 2017 will cross 1 milllion. The minister expressed his hope at a meet the press pro...

'Amend new VAT law to salvage it'

'Amend new VAT law to salvage it'

FE Report 2017-12-11 12:00:00

The revenue authority may consider amending the ditched new VAT law to resolve all controversies that forced its deferment, said a parliamentary body chief. Initiatives should be taken so that the...

BD-Belgium inks deal for dredging at Payra port

BD-Belgium inks deal for dredging at Payra port

-- 2017-12-11 12:00:00

Payra Port Authority and a Belgium-based company on Monday signed an agreement for conducting capital dredging on the main channel of Payra seaport in Patuakhali. Chairman of Payra Port Authority Com...

India in talks with Singapore for cruise tourism

India in talks with Singapore for cruise tourism

-- 2017-12-11 10:30:28

India’s Union Minister Nitin Gadkari has said that talks are on with Singapore for cruise connectivity. Keen on promoting cruise tourism on a mega scale, India has huge potential for cruise tou...

Iran budget in as US tensions overshadow economy

Iran budget in as US tensions overshadow economy

Reuters 2017-12-11 03:22:55

Iranian President Hassan Rouhani proposed to parliament on Sunday a conservative state budget of about $104 billion for next year, with the outlook for the economy and state revenues clouded by tensio...

Egypt's annual urban consumer price inflation falls in Nov

Egypt's annual urban consumer price inflation falls in Nov

-- 2017-12-10 12:49:45

Egypt’s annual urban consumer price inflation fell to 26 per cent in November from 30.8 per cent in October, the official statistics agency CAPMAS said on Sunday. Inflation shot up in Egypt aft...

Govt in haste to get road dev project approved

Govt in haste to get road dev project approved

FHM Humayan Kabir 2017-12-10 12:00:00

The government is set to approve yet another road development project without conducting a proper feasibility study and determining its priority, officials said Saturday. Roads and Highways Departmen...