Search results for: economy

Egypt, IMF reach agreement on $2b loan disbursement

-- November 01, 2018 13:51:39

The International Monetary Fund has reached a staff-level agreement with Egypt to disburse another $2 billion from the country’s $12 billion extended fund facility, it said on Tuesday. The fund...

BB relaxes rules on forex forward buy-sale

Siddique Islam November 01, 2018 09:36:16

The central bank has relaxed regulations on forward sale and purchase of foreign exchange (forex) to bring dynamism in hedging transactions, officials said. Following the relaxations, non-deliverable...

Bangladesh 176th among 190 nations in ease of doing business

FE Online Report October 31, 2018 19:10:34

Bangladesh has moved one notch up in the World Bank’s Ease of Doing Business ranking, released this evening across the world. The country has been ranked 176th among 190 countries in the Doing...

Marginalised char people need comprehensive national policy: Atiur

-- October 31, 2018 17:05:56

Political parties should include a comprehensive national policy in their election manifestos for socio-economic development of the marginalised char people. Former Bangladesh Bank governor Dr. Atiur...

China's job market maintains stability

-- October 31, 2018 16:02:01

China's job market remained stable in the first three quarters of this year as the urban unemployment rate continued to drop, with emerging industries as the biggest employer, official data showed....

China suggests resisting trade protectionism for inclusive dev

Mir Mostafizur Rahaman from Hainan, China October 31, 2018 13:49:54

China has urged the world to resist trade protectionism in a bid to ensure inclusive economic development for people across the globe. Narrating the objectives of the Belt and Road Initiative (BRI),...

External debts up by 141pc in two years

Munima Sultana October 31, 2018 09:37:41

The volume of Bangladesh's external debts surged by 141 per cent to US$ 54.73 billion in two years to June last, says the central bank. The volume of external debts at the end of March 2016 stood at...

BB issues new guidelines for credit risk management

-- October 30, 2018 21:49:57

Bangladesh Bank has issued a set of guidelines for credit risk management for the country's scheduled banks with an aim to make the system more effective and time-befitting. The Banking Regulations a...

Eurozone growth slumps to weakest in four years

-- October 30, 2018 16:21:02

Official figures show that economic growth across the 19-country eurozone slowed in the third quarter of the year to its slowest level for over four years. Statistics agency Eurostat said the eurozon...

French economy grows less than expected in Q3

-- October 30, 2018 16:11:35

French economic growth picked up by less than expected in third quarter despite a rebound in consumer spending, official data showed on Tuesday. The slow growth is putting pressure on the government&...

Sri Lanka's political crisis triggers major economic concerns

-- October 30, 2018 15:20:01

A decision by Sri Lanka’s president to fire the prime minister has raised doubts among global investors and credit analysts about the near-term economic health of a country already grappling wit...

Japan unemployment rate falls to 2.3pc in Sept

-- October 30, 2018 10:12:22

Japan’s jobless rate fell in September, while the availability of jobs improved to the highest level since January 1974, government data showed on Tuesday. The seasonally adjusted unemployment...

India, Japan sign $75 billion currency swap agreement

-- October 29, 2018 17:29:08

India and Japan have signed a $75 billion bilateral currency swap agreement. The deal was signed during Prime Minister Narendra Modi’s visit to Tokyo on Monday, India said in a statement, repor...

Experts warn of threats to world economy

Mir Mostafizur Rahman from Hinan, China October 29, 2018 14:19:51

Rise in fuel prices, high debt level, trade war and low productivity pose serious threats to the world economy, experts warned on Monday. They said Asian countries need to be united to face this unce...

Taiwan’s GDP likely to grow at 2.2 pc in Q3

-- October 29, 2018 11:27:18

Taiwan’s gross domestic product is likely to grow 2.2 per cent in third quarter, lower than expected, due to softening global demand for exports amid trade tensions between China and the United...

Infrastructure, HR major hurdles to desired growth

FE Report October 29, 2018 11:09:11

Inadequate infrastructure, energy insecurity and traffic mismanagement have been identified as some of the major hurdles to achieving desired investment and economic growth in the country. Business...

Look beyond banks to finance infrastructure

FE Report October 29, 2018 10:56:53

Bangladesh needs to develop alternative sources of financing including bonds to meet its future infrastructure investment needs, experts said on Sunday. At the same time, the private sector needs to...

Transport strike disrupts economic activities, communications

FE Report October 29, 2018 10:09:47

Transport strike disrupted communications across the country on Sunday, taking a heavy toll on trade and economic activity. According to business circles, overall commodity supply chain, export-impor...

Muhith rules out economic fallout

FE Report October 29, 2018 09:58:19

Finance minister AMA Muhith said on Sunday it is a myth the government cannot do business in all areas. "There are many areas where only the government needs to do business. And the government can at...

BB set to place three new bank bids before its board

Siddique Islam October 29, 2018 09:49:35

The central bank is set to place the proposals for approving three more banks before its board of directors' meeting today (Monday) ahead of the upcoming national election. "The preparations have bee...

China's industrial profits up 14.7pc in first nine months

-- October 27, 2018 13:45:36

Profits of China's major industrial firms grew 14.7 per cent year on year in the first nine months of 2018, down from the 16.2-per cent expansion for the January-August period, official data showed Sa...

Govt may double allowance for Extra Deptt staff

Rezaul Karim October 27, 2018 10:24:02

The government is considering increasing the monthly allowance for the employees of 'Extra Department' under Postal Department by around 50 per cent, a finance ministry official said. The finance min...

Savers face dearth of govt savings tools

Arafat Ara October 27, 2018 09:55:05

Supply shortage of different types of state-run savings certificates in many post offices and bank branches has been causing problems for many savers willing to invest funds in these instruments, insi...

Reforming direct taxation remains missing agenda

Doulot Akter Mala October 27, 2018 09:47:51

The National Board of Revenue (NBR) has launched reforms since the 1990s, but it has ignored direct tax, undermining the effort to ensure progressive taxation. Progressive taxation requires the top-e...

World Bank okays $425m to improve rural bridges in Bangladesh

-- October 26, 2018 16:16:30

The World Bank on Friday approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges to benefit two-thirds of the country's people.  ...

Sea tourism accounts for 3.5pc of Greek GDP

-- October 26, 2018 13:46:36

Sea tourism (sea cruise, coastal shipping and yachting) contributes about 3.5 per cent of Greek GDP each year in recent years, according to a local media report. Citing a report of the Institute of...

NBR move to overhaul taxation regime falters

Doulot Akter Mala October 26, 2018 09:59:32

The National Board of Revenue (NBR) has initiated a plethora of reform initiatives since the 1990s, but those have produced little results in overhauling the taxation regime, officials and experts say...

ADB to give $110m loan for urban health services

-- October 25, 2018 18:20:08

The Asian Development Bank (ADB) has provided additional loan of $110 million for a project for improving access to urban primary healthcare services in Bangladesh through public-private partnerships...

WB to give $240m for improving coastal, marine fisheries  

-- October 25, 2018 17:46:23

The World Bank (WB) is set to lend $240 million as industrial loan to help improve management and production in marine and coastal fisheries and aquaculture. To this end, an agreement was signed at t...

South Korea's real GDP grows 0.6pc in Q3

-- October 25, 2018 13:32:28

South Korea's real gross domestic product (GDP) grew 0.6 per cent in the third quarter from the previous quarter, central bank data showed Thursday. The GDP growth rate fell from 1.0 per cent in the...