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Search results for: economy

Buriganga to have underwater tunnel

Buriganga to have underwater tunnel

-- 2017-12-07 02:05:10

Government is contemplating a plan to build an underwater tunnel under the Buriganga to ease hardship of commuters on each side of the river. Shipping Minister Shahjahan Khan came up with the disclos...

WB predicts 4.9pc economic growth for Kenya

WB predicts 4.9pc economic growth for Kenya

-- 2017-12-07 01:28:05

The World Bank has cut its 2017 growth estimate for Kenya’s economy to 4.9 per cent, which would be the slowest annual expansion in five years, It has cut the estimated growth due to the countr...

Japan's Q3 GDP seen revised up slightly

Japan's Q3 GDP seen revised up slightly

-- 2017-12-06 12:34:49

Japan’s economy was expected to expand slightly faster in the third quarter than first estimated, a Reuters poll found. Strong capital spending and showing robust exports and business invest...

Two donors may finance another metro rail line

Two donors may finance another metro rail line

Munima Sultana 2017-12-06 12:00:00

The government is expecting to get necessary fund from two development partners for implementing another metro rail line (Hemayetpur-Gabtoli-Notun Bazar route) in the city. A mission from Asian Devel...

BB launches special inspection of troubled Farmers Bank

BB launches special inspection of troubled Farmers Bank

Siddique Islam 2017-12-06 12:00:00

The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-gene...

China Nov data to show economy debt-pressed

China Nov data to show economy debt-pressed

Reuters 2017-12-06 12:00:00

A raft of Chinese data in coming weeks is expected to show the world’s second-largest economy came under growing pressure in November as the government intensified crackdowns on polluting indust...

NRB Commercial Bank MD removed for loan scam

NRB Commercial Bank MD removed for loan scam

FE Online Report 2017-12-06 12:00:00

The central bank has removed NRB Commercial Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Dewan Mujibur Rahman on charges of violating rules and regulations in sanctioning loan...

Apparel export to USA declines by 4.93pc in Jan-Oct

Apparel export to USA declines by 4.93pc in Jan-Oct

FE Online Report 2017-12-06 12:00:00

The country's apparel export to USA declined by 4.93 per cent to $4.35 billion during January to October period of 2017 calendar year. Bangladesh fetched $ 4.58 billion from apparel exports to its si...

Taxpayers can get eTIN, VAT reg from DW17

Taxpayers can get eTIN, VAT reg from DW17

FE Online Report 2017-12-06 12:00:00

Taxpayers can obtain electronic Taxpayer’s Identification Number (eTIN) and Value Added Tax (VAT) registration number from the four-day digital expo in city titled ‘Digital World-2017&rsqu...

NBR finds two cos compliant as drive continues

NBR finds two cos compliant as drive continues

Doulot Akter Mala 2017-12-06 11:44:27

The tax authority Tuesday inspected another company as part of its ongoing drive to find out incidences of non-compliance in payment of pay-roll tax by the foreign employees working in the country. T...

BD economy to grow by 7.1pc in FY18: ESCAP

BD economy to grow by 7.1pc in FY18: ESCAP

FE Online Report 2017-12-06 06:33:31

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has projected the growth rate of Bangladesh economy to be 7.1 per cent in the current fiscal year (FY18). This lat...

Australian economy slows in Q3

Australian economy slows in Q3

-- 2017-12-06 01:37:19

Australian gross domestic product (GDP) grew by 0.6 per cent in the third quarter, slowing from the previous quarter when it rose 0.9 per cent, data from the Australian Bureau of Statistics showed. T...

Stressed advances now 17pc of banks'  outstanding loans

Stressed advances now 17pc of banks' outstanding loans

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

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

Confusion causes delay in Jamuna tunnel study

Confusion causes delay in Jamuna tunnel study

Munima Sultana 2017-12-05 12:00:00

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Interest rate spread drops slightly in October

Interest rate spread drops slightly in October

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

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

Asia-Pacific credit conditions improving, tail risks rising

Asia-Pacific credit conditions improving, tail risks rising

FE Online Desk 2017-12-05 12:00:00

Credit prospects are better for Asia-Pacific economies given that market fears that were prominent a year agohave largely abated. That's according to S&P Global Ratings in a reportpublished rece...

ADB to support Reliance LNG terminal, power project in BD

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk 2017-12-05 12:00:00

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...

Saudi private sector growth rises

Saudi private sector growth rises

-- 2017-12-05 12:00:00

Saudi Arabia’s non-oil private sector grew at its fastest pace in two years in November, amid the sweeping crackdown on corruption, a survey showed on Tuesday. The survey indicated that the swe...

Muhith seeks more Saudi investments in BD

Muhith seeks more Saudi investments in BD

-- 2017-12-05 04:25:40

Finance Minister AMA Muhith on Tuesday sought more Saudi Arabian investments in infrastructure, power and other sectors in Bangladesh. “The government is providing all sorts of supports to the...

Irish services sector growth falls in Nov

Irish services sector growth falls in Nov

-- 2017-12-05 03:48:51

Ireland’s services sector expanded at the slowest pace in 12 months in November due to weaker domestic demand, a survey showed on Tuesday. The Investec Services Purchasing Managers’ Ind...

US factory orders slip in October

US factory orders slip in October

-- 2017-12-05 03:42:41

New orders for US-made goods fell 0.10 per cent in October and shipments of core capital goods were much stronger than previously reported, the Commerce Department has said. Factory goods orders dipp...

Australian retail sales bounce in Oct

Australian retail sales bounce in Oct

-- 2017-12-05 03:33:44

Australian retail sales bounced in October after months of lukewarm demand, a bright sign for spending in the upcoming holiday season as Amazon.com Inc opened its doors for business Down Under. The r...

Nine banks' capital shortfall swells to Tk 177b in Q3

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam 2017-12-04 12:00:00

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their...

Britain to probe Brexit impact on drug sector

Britain to probe Brexit impact on drug sector

BBC 2017-12-04 12:00:00

Brexit may affect the cost of medicines and hit UK pharmaceutical investment, a Commons committee head has warned. Rachel Reeves, who chairs the Business, Energy and Industrial Strategy (BEIS) commit...

Bangabandhu hi-tech park to create 14,000 jobs

Bangabandhu hi-tech park to create 14,000 jobs

-- 2017-12-04 12:00:00

Bangabandhu Hi-tech Park will create 14,000 new jobs in Rajshahi. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said this while he was distributing rehabilitati...

Global ad costs to grow 4.1pc in 2018: Zenith

Global ad costs to grow 4.1pc in 2018: Zenith

Reuters 2017-12-04 12:00:00

Leading forecaster Zenith lowered its prediction for global advertising expenditure growth in 2018 to 4.1 per cent to reach $578 billion by the end of the year, with marginal downgrades in North Ameri...

BD's investment policy most liberal, PM tells Cambodian businessmen

BD's investment policy most liberal, PM tells Cambodian businessmen

-- 2017-12-04 12:00:00

Prime Minister Sheikh Hasina has said investment policy of Bangladesh is the most liberal in South Asia. “It (the policy) includes protection of foreign investment by law, generous tax holiday,...

IRRI claims rice research breakthrough after 9yrs

IRRI claims rice research breakthrough after 9yrs

-- 2017-12-03 12:00:00

The International Rice Research Institute (IRRI) has briefed Bangladesh's Agriculture Minister Matia Chowdhury about the groundbreaking progress of a new rice type. Experts say the new variety, once...

Foreign exchange reserves fall

Foreign exchange reserves fall

-- 2017-12-03 12:00:00

Bangladesh's foreign exchange reserves fell in November, although it rose by four per cent than that of previous year. November’s foreign exchange reserve fell to US$32.60 billion from the prev...

Foreign credit use to rise for financing budget deficit

Foreign credit use to rise for financing budget deficit

-- 2017-12-03 12:00:00

A top official in Dhaka has said that the government wants to increase the use of foreign credit in offsetting the budget deficit. Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam on Su...