Search results for: economy

Greece raises $942m in treasury bills auction

-- September 05, 2018 18:45:19

Greece raised on Wednesday €812.5 million (942 million US dollars) in a 13-week treasury bills auction, the Public Debt Management Agency (PDMA) announced. The three-month treasury bills were...

Bangladesh attracts $3.0b FDI in FY18

-- September 05, 2018 18:16:22

Bangladesh has attracted nearly 3.0 billion US dollars in Foreign Direct Investment (FDI) in the fiscal year 2017-18 (FY18), the country's central bank data showed Wednesday. According to the Banglad...

Aug remittance flow rises 7.0pc

FE Report September 05, 2018 10:10:57

The flow of remittances grew by more than 7.0 per cent in August as expatriates sent increased amount of money on the occasion of Eid-ul-Azha. The money sent home by Bangladeshis working abroad amoun...

NEC approves 100-yr delta plan

-- September 04, 2018 17:26:27

The National Economic Council (NEC) has approved the long-awaited mega strategy 'Bangladesh Delta Plan (BDP) 2100' in a bid to tap the huge potentials of Bangladesh as a delta country through water re...

UAE private sector growth in August is fastest this year

-- September 04, 2018 13:39:59

The non-oil private sector growth of Saudi Arabia inched up in August to its fastest rate this year, a survey showed on Tuesday, suggesting a long-awaited recovery of the economy may have begun. Th...

PC defers 6th FYP review report sharing programme

FE Report September 04, 2018 10:55:12

The General Economics Division (GED) suspended the 6th five-year plan (FYP) review report sharing programme, scheduled to be held at the Planning Commission (PC) in the capital on Monday afternoon....

Collateral fraud: BB to introduce information bank by March

-- September 03, 2018 19:01:20

The Bangladesh Bank is going to introduce an 'information bank' by March next year to check collateral fraudulence. The data repository on mortgaged lands will act as deterrent if anyone tries to ava...

Turkish inflation hits 17.9pc in August

-- September 03, 2018 16:08:30

Turkish annual inflation rate surged to 17.9 per cent in the previous month, hitting highest point since 2004, showed official data on Monday. Consumer prices index (CPI) increased 17.9 per cent in...

S Korea's fruit imports hit record high in 2017

-- September 03, 2018 16:05:34

Fruit imports in South Korea hit a new record high last year due to dietary diversity, customs office data showed Monday. The country imported 834,000 tons of fruits, worth $1.24 billion, in 2017, ac...

BB moves to raise remittance flow from Japan, S Korea

Siddique Islam September 03, 2018 09:47:48

The central bank of Bangladesh has taken initiatives to expedite the flow of inward remittances from Japan and South Korea, officials said. Under the latest moves, the Bangladesh Bank (BB) is giving...

BoP hits negative territory in seven years

Jasim Uddin Haroon September 03, 2018 09:41:44

Bangladesh's overall balance of payments (BoP) posted US$ 885 million deficit during the last fiscal year (FY 2018), compared with a surplus of $ 3.2 billion in FY 2017. This means the BoP hit the ne...

India to help build Raxaul-Kathmandu rail link

-- September 01, 2018 13:35:22

India will help Nepal construct a rail link between Nepalese capital Kathmandu and Indian border town of Raxaul in eastern Bihar state for smoother movement of passengers and cargo. The officials of...

India sees big GDP growth in three months to June

-- September 01, 2018 13:04:19

India’s annual economic growth surged to a more than two-year high of 8.2 per cent in the three months through June, giving Prime Minister Narendra Modi’s government a political boost in t...

Interest rate spread falls to 4.31pc in July

Siddique Islam September 01, 2018 10:04:04

Interest rate spread in the country's banking sector decreased in July, as the commercial banks slashed their interest rates further on lending than deposit, officials said. The weighted average spre...

BB decides to sue RCBC to recover stolen reserve

Syful Islam September 01, 2018 09:54:10

The Bangladesh Bank (BB) will file a case against the Rizal Commercial Banking Corporation (RCBC) of the Philippines in January next, unless the stolen reserve money is recovered normally. The centra...

Aus paddy harvest starts, bumper yield likely

FE Report September 01, 2018 09:38:19

The harvest of Aus paddy has begun across the country, raising hope among the farmers of getting another bumper output this year. Paddy price is much higher this year than that of last year due to de...

India's economy likely grew 7.6 per cent

-- August 31, 2018 13:32:16

India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods. The Reuter...

AIIB directors to visit development projects

FE Online Desk August 31, 2018 10:42:08

A high-powered delegation from China-led Asian Infrastructure Investment Bank (AIIB) will visit Bangladesh to inspect some development projects, officials said on Thursday. Officials at the Economic...

Foreign aid getting costlier for Bangladesh

FHM Humayan Kabir August 31, 2018 09:47:49

Bangladesh's foreign aid taking is becoming pricier, as three key donors have enhanced their interest rates and service charges from this fiscal year (FY), 2018-19, officials said on Wednesday. In th...

PM for categorising 14 sectors to tap Bimstec potentials

-- August 30, 2018 18:29:24

Prime Minister Sheikh Hasina on Thursday proposed categorising 14 sectors into several clusters to make them more synergised for achieving an early dividend from Bimstec, reports UNB. "To achieve an...

BIMSTEC Summit: FMs agree on projects worth $50b

-- August 30, 2018 13:14:25

The foreign ministers of BIMSTEC countries have agreed to identify and push forward 167 various connectivity-related projects at an estimated cost of $50 billion. The ministers of the Bay of Bengal I...

Argentina asks IMF for early release of $50b bailout funds

-- August 30, 2018 11:35:01

Argentina's government has unexpectedly asked for the early release of a $50 billion loan from the IMF amid a growing economic crisis. President Mauricio Macri said the move was designed to restore c...

London house price to crash: Reuters poll

-- August 29, 2018 14:10:53

House prices in London’s overvalued market will fall this year and next, a Reuters poll of around 30 housing market specialists predicted. The house prices will tumble if Britain fails to reach...

Talks on to set agendas for BIMSTEC Summit

FE Report August 29, 2018 11:11:32

Foreign secretary level officials of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states held a pre-summit meeting in Kathmandu, Nepal on Tuesd...

Life ins firms invest $9.3b in Vietnam’s economy in H1

-- August 27, 2018 13:58:50

Life insurance firms in Vietnam poured over 9.3 billion US dollars into the country’s economy in the first half (H1) of the current year, the Association of Vietnam Insurers (AVI) said on Monday...

China's July industrial profits up 16.2pc

-- August 27, 2018 13:34:47

Profits earned by China’s industrial firms rose 16.2 per cent, more than 20 million yuan, in July from a year earlier, retreating from 20.0 per cent gain in June, official statistics showed Mond...

ME job markets: BD to bank on Madrasa teachers' Arabic skills

Mehdi Musharraf Bhuiyan August 27, 2018 11:06:05

The government is now aiming to train thousands of Madrasah teachers in information and communication technology (ICT) and modern Arabic to increase their employability overseas, especially to tap fur...

Rohingya crisis puts economic pressure on BD: ICCB

FE Desk August 27, 2018 10:11:14

The International Chamber of Commerce-Bangladesh (ICCB) opined that the influx of Rohingya refugees created pressure on economy and overall security of Bangladesh. "The Rohingya crisis has created a...

FDI inflow curve heads downward again

Asjadul Kibria August 27, 2018 09:30:17

The foreign direct investment (FDI) in Bangladesh dropped again in the past fiscal year (FY) after three years of gaining, according to the latest statistics of the central bank. Provisional data of...

China's automobile imports surge after tariff cut

-- August 26, 2018 16:14:40

China's automobile and chassis imports witnessed strong growth in July thanks to government moves to lower tariffs for autos and auto parts. The value of vehicle and chassis imports rose 66.1 per c...