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Search results for: economy

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...

RMG value addition stands at 73.82pc in Q1

RMG value addition stands at 73.82pc in Q1

FE Online Report 2017-12-10 12:00:00

Local value addition of the country’s Ready-Made Garments (RMG) industry stood at 73.82 per cent in the first quarter (Q1) of the current fiscal year (FY18). The quarterly review report of the...

Ceiling for income tax payers rises fivefold

Ceiling for income tax payers rises fivefold

Doulot Akter Mala 2017-12-10 12:00:00

The government raised the ceiling of income tax payment by treasury chalan five times for the convenience of taxpayers and easing collection complexities. Now taxpayers are allowed to pay up to Tk 50...

Tunisian parliament approves 2018 budget

Tunisian parliament approves 2018 budget

-- 2017-12-10 12:00:00

Tunisia’s parliament has approved a 36 billion dinar ($14.55 billion) budget for next year which included a package of fiscal measures to cut the budget deficit. The budget for the fiscal yea...

BAPEX starts drilling new gas well in Bhola

BAPEX starts drilling new gas well in Bhola

-- 2017-12-10 12:00:00

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) started the drilling of new gas well in Bhola on Saturday. The new gas well named Bhola North 1 is in the district's Sadar upaz...

Air pollution costs BD 1.0pc GDP every year

Air pollution costs BD 1.0pc GDP every year

-- 2017-12-10 12:00:00

Bangladesh is losing 1.0 GDP every year due to air pollution, which is a key barrier to the country's vision to become an upper-middle income country, according to a new World Bank study. Bangladesh...

Country’s most new taxpayers aged below 40!

Country’s most new taxpayers aged below 40!

-- 2017-12-10 09:45:27

Most of the country's new taxpayers belong to the under-40 age group. Finance Minister AMA Muhith came up with the disclosure on Sunday and thanked the young generation for helping expedite the state...

NBR honours 149 businesses on VAT day

NBR honours 149 businesses on VAT day

FE Online Report 2017-12-10 07:21:14

The National Board of Revenue (NBR) awarded 149 businesses as highest VAT payers recognising their contribution to the public exchequer. Of them, nine highest VAT paying businesses are at national le...

Project finishes sans  installing the plant!

Project finishes sans installing the plant!

FHM Humayan Kabir 2017-12-09 12:00:00

A hybrid-power project undertaken for backwater Hatiya has finished sans installation of the plant, setting what insiders termed a bizarre instance of irregularities.     Sources...

Feasibility study begins on new seaport, floating bay harbour

Feasibility study begins on new seaport, floating bay harbour

Syful Islam 2017-12-09 12:00:00

The government began a techno-economic feasibility study to build a new seaport and a floating harbour in the Bay of Bengal for tackling growing trade through the busy maritime corridor. Officials sa...

Revenue collection falls to 10pc in FY Q1

Revenue collection falls to 10pc in FY Q1

-- 2017-12-09 12:00:00

NBR tax revenue collection fell short of the target by Tk 65.61 billion in the first quarter (Q1) of the current fiscal year (FY), data of an independent multidisciplinary think tank showed. The thin...

US job growth strong in November

US job growth strong in November

-- 2017-12-09 11:46:13

US job growth increased at a strong clip in November, better than expected, with payrolls rising by 228,000 jobs. Service, health care and manufacturing firms helped to drive the gains, holding the u...

Japan economy beats Q3 forecasts by double

Japan economy beats Q3 forecasts by double

Reuters 2017-12-08 12:46:22

Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks...

Why BD scores low in  the Buffett Indicator?

Why BD scores low in the Buffett Indicator?

-- 2017-12-08 12:26:31

Warren Buffett has long championed looking at market capitalisation to GDP (gross domestic product) ratio when assessing a market. For Buffett, the "single best" way to tell if stocks are too expensiv...

Misleading forex info: BB scanning 26 banks' replies

Misleading forex info: BB scanning 26 banks' replies

Siddique Islam 2017-12-08 12:00:00

Bangladesh Bank (BB) is now scrutinising the responses by 26 commercial banks on their alleged attempts to mislead the central bank with 'untrue information' about foreign exchange rates offered parti...

BB, US Fed discuss suing Philippine bank

BB, US Fed discuss suing Philippine bank

Reuters 2017-12-08 12:00:00

Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heis...

British businesses react to Brexit progress

British businesses react to Brexit progress

-- 2017-12-08 06:00:36

Britain and the European Union struck a divorce deal on Friday that paves the way for talks on trade, easing pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit. British bu...

Dhaka to seek relaxation of procurement conditions

Dhaka to seek relaxation of procurement conditions

FHM Humayan Kabir 2017-12-07 12:00:00

Bangladesh will seek relaxation of the conditions attached to procurement of goods and services under the US$ 4.5 billion Indian line of credit-III (LoC-III) at a review meeting to be held later this...

Brexit: UK's bank prepares for the worst

Brexit: UK's bank prepares for the worst

BBC 2017-12-07 12:00:00

The UK's ability to attract talent is already suffering according to Standard Chartered chief executive Bill Winters. In an exclusive interview, he told the BBC the bank was "preparing for the worst"...

BoJ governor signals chance of rate hikes

BoJ governor signals chance of rate hikes

-- 2017-12-07 12:00:00

Bank of Japan Governor Haruhiko Kuroda stressed the need to look at the impact monetary policy has on the banking system and said changes in the economy could trigger a hike in the bank’s yield...

Income inequality widens countrywide

Income inequality widens countrywide

FE Report 2017-12-07 12:00:00

Both income and wealth inequalities have increased in the country significantly over the past five years alongside higher economic growth, according to experts and a research. Experts said the average...

Merchandise shipment earnings up by 6.86pc

Merchandise shipment earnings up by 6.86pc

FE Online Report 2017-12-07 12:00:00

Earnings from merchandise shipment grew by 6.86 per cent to $14.56 billion during the first five months of current fiscal year over that of corresponding period. According to official data released T...

Indian central bank keeps policy rate steady

Indian central bank keeps policy rate steady

Reuters 2017-12-07 12:00:00

The Reserve Bank of India kept its policy rate steady on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary sti...

VAT returns rise two-fold

VAT returns rise two-fold

FE Online Report 2017-12-07 06:39:34

Number of Value Added Tax (VAT) returns increased to two-fold this year following introduction of online issuance of the business identification number (BIN) by the National Board of Revenue (NBR). S...

UAE expects to be taken off EU's tax blacklist

UAE expects to be taken off EU's tax blacklist

Reuters 2017-12-07 04:04:24

The United Arab Emirates expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said on Thursday. “We...

Madagascar gets $44.5m IMF loan to boost economy

Madagascar gets $44.5m IMF loan to boost economy

-- 2017-12-07 02:28:06

The International Monetary Fund (IMF) said it has approved a further $44.5 million credit for Madagascar, as part of a drive to support the country’s economic recovery. The IMF and other inter...