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Search results for: economy

US core CPI rises to 0.30pc in Dec

US core CPI rises to 0.30pc in Dec

-- 2018-01-13 01:38:27

US Consumer Price Index (CPI), excluding the volatile food and energy components, rose 0.3 per cent in December amid strong gains in the cost of rental accommodation and healthcare. Economists are ho...

China to invest $5.0b in BD economic zone

China to invest $5.0b in BD economic zone

Doulot Akter Mala 2018-01-12 12:00:00

A Chinese company has moved fast to invest US$ 5.0 billion in a special economic zone of Bangladesh for establishing industries that include a massive 2640-megawatt power plant. Officials said Bangla...

Trade deficit doubles in July-November

Trade deficit doubles in July-November

 Siddique Islam 2018-01-12 11:16:33

The country's overall trade deficit nearly doubled in the first five months of this fiscal year (FY), 2017-18, following higher import payments against lower export receipts, officials said. The defi...

India economy to grow fastest in 2018-19: WB

India economy to grow fastest in 2018-19: WB

-- 2018-01-11 12:00:00

After conceding the top spot in economic growth among major economies to China for a year in 2017, India is likely to regain the position in 2018 with growth expected to accelerate to 7.3 per cent in...

Revenue collection misses mark

Revenue collection misses mark

FE Report 2018-01-11 10:09:41

Finance Minister AMA Muhith said the state of revenue collection during the past July-November period was not up to the mark. He is, however, upbeat about a change in the situation. "The collection...

Thailand's rice exports hit record 11.48 million tonnes

Thailand's rice exports hit record 11.48 million tonnes

-- 2018-01-11 03:51:39

Thailand exported a record 11.48 million tonnes of rice in 2017, the commerce ministry of the country informed. Thailand will be pursuing government-to-government deals this year with many countries,...

Banks' fund management comes under close watch

Banks' fund management comes under close watch

Siddique Islam 2018-01-10 12:00:00

Scheduled banks' fund management came under close supervision as the central bank issued Tuesday directives on wholesale borrowing (WB) and commitment for maintaining a sound asset-liability balance....

Govt eyes 1.2m manpower export this year

Govt eyes 1.2m manpower export this year

FE Report 2018-01-10 12:00:00

The government will send 1.2 million workers abroad in 2018, said expatriates' welfare and overseas employment minister Nurul Islam on Wednesday. More skilled workers will be included among them to i...

Manpower export from Ctg region rises in 2017

Manpower export from Ctg region rises in 2017

Pankaj Dastider 2018-01-10 12:00:00

Manpower export from the Chittagong region increased substantially last year to around 58,000 people, highest in recent years, thanks to necessary services to the outbound workers at home. Some 57, 7...

WB projects 6.4pc growth for current fiscal

WB projects 6.4pc growth for current fiscal

FE Online Report 2018-01-10 12:00:00

World Bank has estimated that Bangladesh economy will grow by 6.40 per cent in the current fiscal year (FY18). The multilateral lending agency came up with the growth projection in its Global Economi...

China's factory inflation slowest in 13 months

China's factory inflation slowest in 13 months

-- 2018-01-10 11:31:29

China’s producer prices rose at their slowest pace in 13 months in December, as the government’s war against winter smog dented factory demand for raw materials in a sign the world’s...

FM pins hope on achieving revenue in FY18

FM pins hope on achieving revenue in FY18

-- 2018-01-10 08:06:14

The finance minister (FM) expressed hope that the government would be able to achieve the revenue target for the fiscal 2017-18 (FY-18). He expressed his optimism on Wednesday while talking to the jo...

BDT deflates 5.15pc against US$ in a year

BDT deflates 5.15pc against US$ in a year

Siddique Islam 2018-01-09 12:00:00

The Bangladesh Taka (BDT) depreciated by 5.15 per cent against the US dollar ($) during the last one year despite selling of the greenback by the central bank to keep the foreign exchange (forex) mark...

BBIN connectivity talks today

BBIN connectivity talks today

FE Report 2018-01-09 12:00:00

Talks begin today (Wednesday) in Delhi about introducing the stalled sub-regional transport connectivity under BBIN bloc, leaving out a reluctant Bhutan. The negotiations on implementation of the Ban...

Move to establish 160 upazila ICT centres

Move to establish 160 upazila ICT centres

FE Online Report 2018-01-09 12:00:00

The government is going to set up 160 upazila ICT training and resource centres with all necessary facilities to train up the teachers of secondary level educational institutions. The Executive Commi...

NBR sets conditions for firms in economic zones

NBR sets conditions for firms in economic zones

FE Report 2018-01-09 10:45:23

The government made obtaining the local sales permit (LSP) mandatory for the industries in Bangladesh's economic zones if they were willing to sell their products for domestic consumption. Also, they...

ADP implementation loses pace in July-Dec

ADP implementation loses pace in July-Dec

FE Online Report 2018-01-09 07:12:03

The government has implemented 27 per cent of the Annual Development Programme (ADP) during the first half (July-December) of the current fiscal.  However, it has failed to improve its project e...

Govt strikes $245m WB deal to remodel safety-net schemes

Govt strikes $245m WB deal to remodel safety-net schemes

FE Online Report 2018-01-09 06:07:16

The World Bank will provide US$245 million worth of loans for modernising Bangladesh’s social safety-net programmes for improving equity, efficiency and transparency of the state services. ...

UAE expects GDP growth of 3.9pc in 2018

UAE expects GDP growth of 3.9pc in 2018

-- 2018-01-09 04:05:50

Growth of the United Arab Emirates’ gross domestic product is expected to accelerate to 3.9 per cent in 2018, a senior official of the Ministry of Economy said on Tuesday. Abdullah al-Saleh, th...

Thai exports likely to rise in 2018

Thai exports likely to rise in 2018

-- 2018-01-09 03:28:52

Thailand’s exports, which shrank for three years before a solid rebound in 2017, are likely to rise 5.5 per cent this year, a group of Thai shippers said on Tuesday. The Thai National Shippers&...

China forms $4.6b fund to spur service trade

China forms $4.6b fund to spur service trade

Reuters 2018-01-08 12:00:00

China has launched a 30 billion yuan ($4.63 billion) investment fund to boost the services trade industry, in an effort to further improve the country’s foreign trade structure, the official Xin...

US Fed ready to lie low for White House!

US Fed ready to lie low for White House!

Reuters 2018-01-08 12:00:00

US Federal Reserve policymakers have come to view Donald Trump’s tax overhaul as a short-term economic boost that will neither permanently supercharge the economy, as the president says, or caus...

Ensuring quality credit gets top priority in next MPS

Ensuring quality credit gets top priority in next MPS

Siddique Islam 2018-01-08 09:54:19

Ensuring the quality of credit to achieve maximum economic growth by the end of this fiscal gets top priority as the central bank prepared to formulate country's next monetary policy. Officials said...

WB to give $245m deal for BD safety-net schemes

WB to give $245m deal for BD safety-net schemes

-- 2018-01-08 09:08:29

The World Bank (WB) has agreed to sign a US$245 million additional loan agreement with Bangladesh for ensuring equity, efficiency and transparency in the latter’s safety-net programmes. An agre...

CAB demands withdrawal of power tariff hike

CAB demands withdrawal of power tariff hike

FE Report 2018-01-07 12:00:00

Terming the Bangladesh Energy Regulatory Commission (BERC) a biased organisation, the Consumers Association of Bangladesh (CAB) has demanded a rollback in the recent power tariff hike of Tk 0.35...

Taxpayers suffer as NBR can't carefully verify return audit

Taxpayers suffer as NBR can't carefully verify return audit

Doulot Akter Mala 2018-01-07 12:00:00

Government revenue authority lacks scope to centrally verify accuracy of the selected tax-returns coming from outfield offices for audit, resulting in alleged harassment of the taxpayers. Sources sai...

US Fed rate-setter for three hikes this year

US Fed rate-setter for three hikes this year

Reuters 2018-01-07 12:00:00

The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key US rat...

Payra power plant project: Govt gives guarantee for US$ 1.0b Chinese loan

Payra power plant project: Govt gives guarantee for US$ 1.0b Chinese loan

FE Report 2018-01-07 12:00:00

The government has issued a US$ 1.0 billion worth of state guarantee in favour of Chinese loan for implementing a 1320-mw Payra coal-based power plant project, officials have said. A senior finance m...

Pirated imports of mobile phones cost govt Tk 7.0b annually

Pirated imports of mobile phones cost govt Tk 7.0b annually

-- 2018-01-07 12:00:00

The government is losing around Tk 7.0 billion duties every year due to illegal imports, mainly through luggage, of unauthorised mobile phone sets. "The government has been losing huge amount of duti...

Bangladesh's graduation from LDC status in March

Bangladesh's graduation from LDC status in March

-- 2018-01-07 12:00:00

Bangladesh will graduate as a developing country from the status of a least developed country (LDC) in March. A senior minister of the government came up with the assertion in Dhaka on Sunday after e...