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Search results for: economy

Laggard projects losing funds to faster ones in RADP

Laggard projects losing funds to faster ones in RADP

FHM Humayan Kabir 2018-01-07 11:59:37

Revision of the present Annual Development Programme (ADP) began with emphasis on more fund allocations for the ongoing projects instead of incorporating fresh ones-unlike previous practice. As the P...

Japanese ODA loan package may get delayed

Japanese ODA loan package may get delayed

Syful Islam 2018-01-06 12:00:00

A discord between Bangladesh Bank (BB) and the Bank of Tokyo-Mitsubishi (BTMU) over bank-commission payment on the latest ODA loan package may delay the Japanese funding of six more important developm...

Deficit financing jumps 48pc in July-Oct

Deficit financing jumps 48pc in July-Oct

FE Online Report 2018-01-06 12:00:00

Financing of the budget deficit in the first four months of the current fiscal year (FY18) stood at Tk 208.04 billion, according to the latest statistics of the central bank. The amount was 48 per ce...

King Salman orders to pay citizens inflation allowances

King Salman orders to pay citizens inflation allowances

-- 2018-01-06 11:45:37

Saudi King Salman bin Abdulaziz Al Saud has ordered to provide citizens with inflation allowances to ease the expected rise in the cost of living after the newly enforced value added tax (VAT). Accor...

India lowers growth forecast ahead of budget

India lowers growth forecast ahead of budget

Reuters 2018-01-06 10:50:23

India lowered its forecast for the current year’s economic growth on Friday before a federal budget is released next month, as businesses were hit by the chaotic launch of new nationwide tax las...

Move underway to digitise management of savings tools

Move underway to digitise management of savings tools

Rezaul Karim 2018-01-06 09:32:44

Some reforms are in the offing for modernizing management of the savings instruments and converting those to a sustainable source of deficit financing by the government. To this end, official sources...

Forex reserves under pressure

Forex reserves under pressure

 Siddique Islam 2018-01-06 09:22:38

Bangladesh's foreign-exchange reserves (forex) came under pressure following higher external payments, particularly as food and fuel costs fired up the bills. Sources said import payments swelled as...

WB to lend additional loans for safety net programme

WB to lend additional loans for safety net programme

-- 2018-01-06 07:34:19

The World Bank (WB) is set to provide more loans for the project to improve the equity, efficiency and transparency of major safety net programmes in Bangladesh. To this end, an agreement will be si...

British productivity growth hits record high

British productivity growth hits record high

-- 2018-01-06 03:55:16

British economic productivity perked up in the three months to the end of September, growing at its fastest rate in more than six years, in contrast to its historically weak performance over the previ...

Venezuela to issue $5.9b in cryptocurrency

Venezuela to issue $5.9b in cryptocurrency

-- 2018-01-06 02:19:33

Venezuela President Nicolas Maduro said that they would issue 100 million units of its new oil-backed cryptocurrency in coming days. He announced to issue the cryptocurrency when the OPEC member is g...

BR spends only 10pc of ADP allocation in H1

BR spends only 10pc of ADP allocation in H1

 Munima Sultana 2018-01-05 12:00:00

Despite having higher allocation in Annual Development Programme (ADP), Bangladesh Railway (BR) could spend only 10 per cent in the first half of the current fiscal year due to mainly delay in impleme...

July-Dec exports grow by 7.15pc

July-Dec exports grow by 7.15pc

FE Report 2018-01-05 12:00:00

The country's export earnings grew by 7.15 per cent to over US$ 17.91 billion in the first half of the current fiscal year comparing to the corresponding period of last fiscal. The aggregate export r...

Tk 150m shores up PKB paid-up capital

Tk 150m shores up PKB paid-up capital

Arafat Ara 2018-01-05 10:01:00

The government has provided Probashi Kallyan Bank (PKB) with Tk 150 million as part of raising the state-run bank's paid-up capital to Tk 4.0 billion and transforming the specialised bank into a comme...

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,...