Search results for: economy

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...

Country received record ODA from Japan last year

FHM Humayan Kabir August 26, 2018 09:53:16

Japan provided a record amount of foreign aid to Bangladesh last year as the country was Asia's second largest Official Development Assistance (ODA) recipient, officials said on Saturday. Official so...

China's consumer confidence remains high in Q2

-- August 25, 2018 14:55:40

China's consumer confidence remained high in the second quarter (Q2) of the year, according to a research report by global measurement and data analytics company Nielsen. The country's Consumer Confi...

BD second largest LDC on importing commercial services

FE Online Report August 25, 2018 11:52:46

Bangladesh is the second largest importer of the commercial services among the Least Developed Countries (LDCs). Word Trade Statistical Review-2018, released by the World Trade Organization (WTO) las...

Industrial output soars in FY 2018

Rezaul Karim August 25, 2018 10:58:51

The industrial production marked a sharp increase in the first nine months of the last fiscal year (FY) compared to the same period of the previous fiscal. The industrial output surged due to the ris...

BD third largest LDC on exporting commercial services

FE Online Report August 24, 2018 18:30:59

Bangladesh is the third largest exporter of the commercial services among the Least Developed Countries (LDCs). The country exported commercial services worth $ 2.26 billion in the past year. Word T...

Global trade growth to slow down: WTO

FE Online Report August 24, 2018 12:21:02

Global trade expansion is likely to slow down in the third quarter (Q3) of the current year, according to the World Trade Outlook Indicator (WTOI) of the WTO. Released in the second week of this mont...

Work on Feni Bridge to start after Sept

-- August 23, 2018 20:42:56

NEW DELHI: Work of the 150-meter bridge over river Feni connecting India and Bangladesh will start after September, reports www.sentinelassam.com. Disclosing this to The Sentinel, Satyabrata Sahu, Di...

Europe to ban halogen lightbulbs from Sept 1

-- August 23, 2018 20:27:31

Halogen lightbulbs will be banned across Europe from Sept 1.  After a 60 year run Halogen lightbulbs will be replaced by more energy efficient LEDs. The ban will be put into place across Europe...

As central bankers meet, economic uncertainties weigh on sunny outlook

-- August 23, 2018 19:55:41

Global central bankers are navigating a new set of threats as they decide how aggressively to act in closing out an era of exceptionally easy money, reports WSJ Uncertainties include the prospect of...

Bangladesh 49th top merchandise importing country

FE Online Report August 23, 2018 13:39:44

Bangladesh has been ranked as the 49th top merchandise importing country in the past year, according to the World Trade Organization – Trade Profiles 2018. The report, released in July, also sh...

Mexico, US 'close' to resolving bilateral NAFTA issues

-- August 23, 2018 13:38:04

Mexico and the United States are close to resolving remaining bilateral issues in the revamp of the NAFTA trade deal, officials said, but hopes of squaring away differences on Wednesday were booted to...