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Search results for: economy

Turkey aims to invest in Lebanon: Turkish FM

Xinhua August 24, 2019 18:48:06

Turkish Foreign Minister Mevlut Cavusoglu said in Beirut on Friday that Turkey is highly interested in investing in Lebanon, the National News Agency reported. "Turkish companies want to invest in th...

US new tariff threat a feeble move, shows options running out: analysts

Global Times August 24, 2019 18:27:21

The reckless tariff plans of the US that come after China's forced countermeasure tariffs on Friday showed that the US has gone too far and run out of options to save itself from the awkward situation...

Minister urges Brazil to slash 35pc import duty

-- August 23, 2019 20:20:09

Commerce Minister Tipu Munshi requested the Brazilian government to reduce the existing 35 per cent import duty, so that Bangladeshi readymade garments (RMG) and other items can enter its market. &ld...

Govt borrows Tk 230b from banks in 35 days

Siddique Islam August 22, 2019 10:57:56

The government borrowed nearly Tk 230 billion from the country’s banking system in the first 35 days of the current fiscal year (FY), 2019-20, to finance its budget deficit partly, officials sai...

Bankers hawk hedging as trade war hits China’s yuan

-- August 21, 2019 23:06:59

In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build...

BIDA launches massive hunt for entrepreneurs

-- August 21, 2019 21:19:20

The Bangladesh Investment Development Authority  (BIDA) has launched an innovative campaign across the country to bring out potential entrepreneurs for fostering investments and generating jobs....

Wall Street flashes recession warning as trade war backfires on US economy

Xinhua August 21, 2019 17:29:30

The Wall Street has sent warning signs of a possible economic recession ahead as the trade war continues to take a toll on American businesses, farmers and the overall economy. The slowing economy co...

German employment up 1.0pc in Q2

Xinhua August 21, 2019 12:29:35

The number of people in employment in Germany grew year-on-year by 1.0 per cent in the second quarter of 2019 to a total of 45.2 million people, the German Federal Statistical Office (Destatis) announ...

Inflation inches up in July

FE Report August 21, 2019 10:07:09

The country's point-to-point inflation was recorded at 5.62 per cent in July, the first month of the current fiscal year (FY), 2019-20, showing a rising trend, according to official data. In July...

Zimbabwe to borrow $1.9b from G7 countries to repay its debt

Xinhua August 20, 2019 13:38:02

Zimbabwe plans to borrow 1.9 billion US dollars from the Group of 7 industrialised states to clear its debts to the African Development Bank (AfDB) and the World Bank, Finance Minister Mthuli Ncube ha...

$500m infrastructure investment fund likely

Syful Islam August 20, 2019 10:47:03

A US$500 million fund is likely to be created with contributions from the government, bourses, banks and financial institutions to invest in various infrastructures, officials said. The private s...

FY'19 trade gap narrows

Asjadul Kibria August 20, 2019 09:44:50

The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on Monday. The latest statistics sho...

China's Guangxi sees robust growth in foreign trade

Xinhua August 19, 2019 15:16:03

South China's Guangxi Zhuang Autonomous Region saw its foreign trade volume reach 264.14 billion yuan ($37.51 billion) in the first seven months of the year, up 23.8 per cent year on year, local autho...

Korea keen to invest in 10 PPP projects

Munima Sultana August 18, 2019 10:21:12

Korea has shown interest to invest in 10 public-private partnership (PPP) projects in the aviation, rail and power sectors under government-to-government arrangements. However, Bangladesh sought...

China to lower real interest rates

Xinhua August 17, 2019 17:42:13

China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided...

Farmers, economy face onslaught

Sajibur Rahman August 17, 2019 17:25:15

Outbreak of severe foot and mouth disease (FMD) of cattle across the country has been severely causing immense economic loss to the farmers as it is increasing drastically year-on-year basis, accordin...

Bank of Mexico to cut interest rate

-- August 17, 2019 12:59:42

Mexican President Andres Manuel Lopez Obrador on Friday endorsed a benchmark interest rate cut in a bid to stimulate the economy. In his daily press conference, the president said cutting the interes...

Tk 4.95b farm loans of six SoBs stuck in court cases

FE Report August 17, 2019 10:51:43

At least Tk 4.95 billion (495 crore) of six state-owned banks (SoBs) remained stuck against 157,273 cases filed to recover the money from farm loan borrowers, statistics show. Between January 1991 an...

Govt moves to allow all banks to handle Challan transactions

Jasim Uddin Haroon August 17, 2019 10:15:51

All the 59 commercial banks are likely to be allowed to handle "challan" that serves as the biggest instrument of submitting money to the public exchequer. The Finance Division, which has been work...

ECB shuts down its hacked website

-- August 16, 2019 12:44:54

The European Central Bank (ECB) shut down one of its websites on Thursday after it was hacked and infected with malicious software. The lender said no market-sensitive data had been compromised durin...

Japan becomes largest foreign holder of US Treasuries

-- August 16, 2019 11:17:36

Japan overtook China to become the largest foreign holder of US Treasuries in June, with its holdings at the highest level in nearly three years, US Treasury Department said on Thursday. Japan's hold...

Govt drafts policy to curb FDI in tobacco industry

Syful Islam August 16, 2019 10:46:46

The government is planning to restrict foreign direct investments (FDI) in the tobacco sector so that the supply of the harmful elements can be curtailed, officials said. The draft National Tobacco C...

WB suggests exploring new lending option

FHM Humayan Kabir August 16, 2019 10:39:59

The World Bank (WB) has suggested Bangladesh avail new funding opportunity -- 'credit guarantee' -- for financing the country's development projects, officials said. Borrowing money for the credit gu...

Over 90pc businesses risk losing BINs

Doulot Akter Mala August 16, 2019 10:36:42

Some 150,000 businesses accounting for over 90 per cent risk losing identification numbers for the non-compliance with the revenue board's directive to update their VAT registration information within...

Remittance inflow reaches $716m in nine days before Eid

-- August 15, 2019 21:59:48

Expatriate Bangladeshis have sent home an increased amount of money home before the Eid-ul-Azha, taking the figure in the first nine days of August to $716.2 million. Bankers also believe the governm...

Plan to reconcile revenue collection data faces blow

Doulot Akter Mala August 15, 2019 10:39:12

The effort to reconcile data of aggregate revenue collection between revenue board and Controller General of Accounts (CGA) faced a blow due to flaws in the accounts system, known as 'iBAS++'. Offici...

US labelling China as currency manipulator not true: Scholar

-- August 14, 2019 17:28:08

The US assertion that the recent depreciation of the Chinese yuan against the US dollar amounts to currency manipulation is not true, a US scholar has said, reports Xinhua. It would be more correct t...

EU slaps biodiesel duties on Indonesia

-- August 14, 2019 10:41:57

The European Commission on Tuesday imposed countervailing duties of 8.0 per cent to 18 percent on imports of subsidised biodiesel from Indonesia. The move aimed to restore a level playing field for E...

US-China tariff dispute dampens Las Vegas trade show

-- August 13, 2019 16:28:10

"There is a lot of fear in the marketplace, people are worried," Jimmy Gindi, a New York-based footware seller said Sunday at the Sands Expo  and  Convention Center in Las Vegas. There was...

Oil prices fall on demand concerns, rising US output

-- August 13, 2019 15:58:45

Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support, reports Reuters. Brent...