Loading...

Search results for: economy

Taiwan Dec export growth seen slowing: Reuters poll

-- January 06, 2020 14:55:12

Taiwan’s exports likely grew at a slower pace in December, after beating expectations with a 3.3 per cent on-year increase in the prior month, according to a Reuters poll. Taiwan is one of Asia...

BOJ to conduct policy carefully over Iran tensions

-- January 06, 2020 14:50:40

Bank of Japan (BOJ) Governor Haruhiko Kuroda has said the central bank would conduct monetary policy “carefully” while scrutinising overseas economic risks, such as escalating tensions bet...

$10m fund set up to boost exports

FE REPORT January 06, 2020 10:44:44

A $10-million financial grant, Export Readiness Fund (ERF), was launched on Sunday to rev up export earnings of the country's four target sectors. The fund is rolling out under the Export Competitive...

Lending, deposit interest rates: BB asks committee for fresh report

SIDDIQUE ISLAM January 06, 2020 10:22:18

A central bank committee has been reassigned to prepare a fresh report on single-digit interest rates on both lending and deposit after reviewing the overall banking situation. It has also been asked...

Private sector to be allowed to set up finance cos

JASIM UDDIN HAROON January 06, 2020 10:07:11

The government is preparing a new law that will allow establishment of finance companies in the private sector in the country. Such finance companies will mainly focus on 'development financing' and...

'Move to send 750,000 workers aboard in Mujib Year'

BSS January 05, 2020 20:32:59

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad on Sunday said the government has set a target to send 750,000 workers aboard in the ‘Mujib Year’. “Skilled w...

Manpower export awaits 'big boost' in 2020

UNB January 05, 2020 16:58:37

The government is planning to send more workers abroad in 2020 as some closed labour markets are expected to reopen this year. The Bureau of Manpower, Employment and Training (BMET) says, Bangladesh...

Vegetable can expedite pace of economic progress: Agriculture minister

BSS January 04, 2020 17:05:10

Terming vegetable farming as a potential sector of the country, Agriculture Minister Dr M Abdur Razzaque has said vegetable can expedite the current pace of the country’s economic progress. &nb...

One-fourth of approved projects get revised in 2019

FHM HUMAYAN KABIR January 04, 2020 14:26:53

The top economic policymaking body has revised a good number of projects in the first year of the government, or one-fourth of the total approved in its second term, officials said. In its 22nd meeti...

Private credit unlikely to grow: Bankers

SIDDIQUE ISLAM January 04, 2020 10:25:31

Private credit growth is unlikely to pick up in the near future as most of the banks are reluctant to provide fresh loans after the move to enforce a single-digit interest rate. The government and th...

'Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024'

UNB January 03, 2020 19:51:12

Bangladesh’s economy will outshine the economy of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a new report. The global report, tit...

Oil price rises on fear of Iranian retaliation against US

Associated Press January 03, 2020 19:00:16

The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran's top general. News that Gen. Qassem Soleimani, h...

US weekly jobless claims drop to 222,000

-- January 03, 2020 13:47:23

The number of initial jobless claims in the United States dropped last week, according to a report released by the US Bureau of Labor Statistics on Thursday. The number of people filing for US unempl...

Private sector credit growth drops below 10pc

-- January 03, 2020 12:54:45

Before bringing down the lending rates to single digit, the growth of credit flow to the private sector has dropped below 10 per cent, which analysts have called “worrying” for the economy...

Gear up efforts to ensure duty-free market access

FE REPORT January 03, 2020 10:58:17

The government on Thursday directed the Bangladesh missions abroad to gear up efforts for ensuring duty-free access of the country's products to the global market in the post-LDC period. In a letter...

Singapore posts decade-low growth in 2019

-- January 02, 2020 14:40:15

Singapore’s economy expanded at its slowest pace in a decade last year as its manufacturing sector contracted, preliminary data showed on Thursday. The export-oriented economy has been hit hard...

Israel's agricultural damages reach $77m in 2019

-- January 02, 2020 12:43:21

Israeli agricultural damages totalled 265 million new shekels (about 77 million US dollars) in 2019, according to a government report published Wednesday. The average annual damage over the last 5 ye...

Oman approves 2020 budget

-- January 02, 2020 12:33:10

Sultan Qaboos bin Said of Oman has issued a royal decree that approves the country's general budget for the fiscal year 2020. According to a statement of the Omani Ministry of Finance, the revenue of...

Foreign aid rises by 9.0pc in Jul-Nov

FHM HUMAYAN KABIR January 02, 2020 10:42:43

Foreign aid commitment to Bangladesh dropped by 47 per cent to US$2.6 billion in the first five months of the current fiscal year compared to that of the same period last fiscal, officials said on Mon...

Banks’ rural branches rise to 10,467

FE REPORT January 02, 2020 10:39:32

Banks are fast expanding into rural areas to bring the yet unbanked people under financial inclusion to help economy grow, people in the banking system said. According to the data available with the...

Medium-term strategy: 'Revenue think-tank' to support formulation

DOULOT AKTER MALA January 02, 2020 10:38:40

The government has decided to establish a 'revenue think-tank' to support its proposed medium-term revenue strategy (MTRS), aimed at increasing the tax-GDP ratio. The country's tax-GDP ratio -- aroun...

Remittance rises by 18pc in 2019

SIDDIQUE ISLAM January 02, 2020 10:17:02

Inward remittance grew by nearly 18 per cent to a record $18.42 billion in the just-passed 2019 for a government effort to incentivise remitters. The figures jumped from $15.53 billion in 2018, accor...

Single-digit interest rate likely from April: Minister

-- January 01, 2020 22:19:25

Finance Minister AHM Mustafa Kamal on Wednesday said the implementation of the proposed single-digit interest rate has been deferred by three months to avoid complications. “Hopefully, the sing...

S Korea's export posts double-digit fall in 2019

-- January 01, 2020 13:49:37

South Korea's export logged a double-digit fall last year, marking the first yearly decline in 10 years, a government report showed Wednesday. Export, which accounts for about half of the export-driv...

Flashback 2019 Economy: RMG sector faces ups and downs

MONIRA MUNNI January 01, 2020 10:38:52

The country's readymade garment (RMG) sector went through ups and downs last year, prompting industry insiders to seek immediate policy support to tackle the challenges still ahead of them. Althoug...

Retrieving laundered money: Govt body moots tax detectives in BD missions

SYFUL ISLAM January 01, 2020 10:03:36

A government body has suggested appointing 'tax detectives' in Bangladesh missions abroad, updating the double-taxation deal with Switzerland and exchanging views with the countries where most of the...

Mongolia's economy grows 7.3 pc in 2019

-- December 31, 2019 14:58:59

The prime minister of Mongolia Ukhnaa Khurelsukh said the country’s economy grew around 7.3 per cent year on year in 2019, compared to 1.2 per cent in 2016. The Prime Minister revealed the info...

Brazilian analysts predict 2.3pc economic growth in 2020

-- December 31, 2019 14:43:46

Brazilian financial analysts elevated projections for the growth of the country's gross domestic product (GDP) in 2020 from 2.28 to 2.30 per cent, the Central Bank announced on Monday. According to t...

Flashback 2019 Economy: GDP growth only bright spot

JASIM UDDIN HAROON December 31, 2019 11:57:11

Almost all key economic indicators fell in 2019, though GDP (gross domestic product) growth was robust in the outgoing year, according to official data. Economists said some new indicators that were...

Falling exports, slow pvt credit major weaknesses

ADNAN HOSSAIN BHUIYAN December 31, 2019 11:51:19

The country's businesses identified negative export growth, revenue shortfall, falling private sector credit growth, rising levels of default loans and heavy government bank borrowing as major worries...