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Search results for: economy

Initial delay dogs ADP

Doulot Akter Mala June 09, 2019 09:06:40

Planning ministry has identified major impediments that slow down the execution of projects under the Annual Development Programme (ADP). The Implementation, Monitoring and Evaluation Division (IMED)...

Private external debt drops for first time in nine years

FE Online Report June 08, 2019 19:14:31

Private commercial external debt dropped slightly by 0.86 per cent in the past year to US$ 12.17 billion from $12.28 billion in 2017.   Central bank statistics also showed that this is first tim...

BD to gain $367 million in export from no-deal Brexit

FE Online Report June 08, 2019 12:08:58

Bangladesh is likely to gain US$367 million in terms of its export if there is no-deal Brexit, according to a research report of the United Nations Conference on Trade and Development (UNCTAD). The a...

US jobs growth slows down in May

-- June 07, 2019 20:36:51

The US economy created far fewer jobs than expected last month and wages also rose less than forecast, according to BBC. Some 75,000 jobs were created in May rather than the 185,000 expected by analy...

BD, EEU to form working group to boost trade, economic cooperation

-- June 07, 2019 19:45:01

Bangladesh and Eurasian Economic Commission (EEC) have agreed to establish a working group to develop identified 19 sectors to boost trade and economic cooperation between Bangladesh and the Eurasian...

IMF warns US about trade risks, financial vulnerabilities

-- June 06, 2019 20:30:44

WASHINGTON, June 06: The International Monetary Fund on Thursday warned the United States that escalating trade disputes or an abrupt downturn in financial markets could pose substantial risks for the...

Trump threatens China with tariffs on further $300b of goods

-- June 06, 2019 17:15:40

SHANNON, Ireland/BEIJING, June 06: US President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China a...

India's central bank cuts lending rate to 5.75pc

-- June 06, 2019 16:34:14

 NEW DELHI, Junr 06:India’s central bank has cut its key interest rate by a quarter of a percentage point to 5.75 per cent from 6 per cent with immediate effect to fortify the economy as co...

BD 14th in global Islamic economic index

FE Online Report June 06, 2019 16:08:22

Bangladesh ranked 14th in the Global Islamic Economic Indicator (GIEI), according to an international index prepared to review the Islamic economic situation in 2017. Malaysia topped the index follow...

Transport’s share in GDP drops in FY19

FE Online Report June 06, 2019 11:16:43

Share of transport and communication sector in the country’s Gross Domestic Product (GDP) dropped marginally in the current fiscal year, according to the provisional estimation of the Bangladesh...

Job loss fears in India after Trump tariff shock

-- June 05, 2019 17:14:17

If you've bought a luxury leather handbag in Milan or Manhattan recently, chances are high that it was made in Sanjay Leekha's three-storey factory in Faridabad on the outskirts of Delhi, reports BB...

Pak army voluntarily cuts defence budget

-- June 05, 2019 16:11:57

ISLAMABAD: In an unprecedented voluntary move, Pakistan's military has decided to cut the defence budget for the next fiscal year amid an austerity drive launched by the government to solve the cash-s...

World’s biggest firms foresee climate cost of $1tr

Express Tribune June 05, 2019 15:55:08

More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1.0 trillion, with much of the pain due in the next five years, a...

Financial intermediation's GDP share static

FE Online Report June 05, 2019 15:44:48

The contribution of the financial intermediation to the country’s Gross Domestic Product (GDP) remained static for the last three years.  Provisional estimation of the Bangladesh Bureau of...

China warns its companies on US travel

-- June 04, 2019 19:42:55

BEIJING/WASHINGTON : China warned its companies operating in the United States on Tuesday they could face harassment from US law enforcement agencies, as it also rebuffed U.S. criticism of a trade whi...

Now Bhutan planning to control tourist flow

-- June 04, 2019 19:36:01

The Bhutan government is planning to take steps to ensure that the country remains as an exclusive tourist destination, according to a report by https://nenow.in. With Bhutan becoming a mass touris...

Climate change may cost world's biggest firms $1tn

-- June 04, 2019 17:35:55

LONDON, June 04:  More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the...

Nepal eyes 2m tourists in 2020

-- June 04, 2019 16:38:29

Nepal Prime Minister KP Sharma Oli is scheduled to inaugurate the third Himalayan Travel Mart – Nepal’s premier international travel and tourism trade show on June 06, 2019. The four day-...

US says China playing ‘blame game’ in trade battle

-- June 04, 2019 16:26:33

The US has said China is playing a “blame game,” misrepresenting trade talks between the two countries, according BBC. In a statement, the Trump administration also accused China of &ldqu...

Economic slowdown makes RBI rate cut highly likely

-- June 04, 2019 15:50:12

A worrying slowdown in India’s economy makes a cut in the Reserve Bank of India’s benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to bo...

NBR to beef up capacity to detect tax evasion by MNCs

Doulot Akter Mala June 04, 2019 09:17:27

The revenue authority would soon impart training to its officials to build in-house capacity for proper enforcement of the transfer pricing law. The training will be on risk assessment and company pr...

Bangladesh receives record $1.95b remittance in May

-- June 03, 2019 20:04:32

Expatriate Bangladeshis have sent a record amount of remittance in May ahead of the Eid-ul-Fitr. They sent $1.95 billion in inward remittances to Bangladesh, a new monthly record, according to the ce...

China to release 5G licences shortly, triggering a new round of tech revolution

Global Times June 03, 2019 17:37:19

China will release 5G business licences to its three major telecom carriers shortly, a move experts say will catapult the country into a serious 5G industrial revolution, the Ministry of Industry and...

Unemployment in India hits 6.1pc

-- June 02, 2019 20:18:30

India’s unemployment rate rose to 6.1pc in the 2017/18 fiscal year, the statistics ministry said on Friday, presenting a challenge for Prime Minister Narendra Modi to kick-start job creation in...

What can stop Turkey's economy from unravelling?

-- June 02, 2019 17:25:06

Istanbul plays an oversized role in the Turkish economy and politics. It has been the gateway to the presidency for Recep Tayyip Erdogan and represents a third of the country's economy. After a quart...

'Trade war has not made America great again'

-- June 02, 2019 16:39:43

China hit US President Donald Trump with his own catchphrase, saying Washington’s escalating trade war with Beijing has not 'has not made America great again' and has damaged the American econom...

JCI Bangladesh organises pre-budget discussion

FE Online Desk June 02, 2019 15:52:18

JCI Bangladesh has organised a pre-budget discussion ‘Tarunner Vabna’ ahead of the upcoming National Budget 2019-2020. Keeping the mission of acalimitising the youth with positive chang...

UK private sector reports sluggish underlying growth

-- June 02, 2019 13:49:29

Britain’s private sector reported sluggish underlying growth in May as Brexit uncertainty continues to weigh on many businesses, the Confederation of British Industry (CBI) said on Sunday. The...

113 MFIs' licences cancelled for violating existing rules

FE Report June 02, 2019 11:27:38

A total of 113 microfinance institutions (MFIs) have so far faced regulatory action for breaching the existing rules and regulations, officials said. The Microcredit Regulatory Authority (MRA) took...

Africa set to become largest free trade continent

-- June 01, 2019 21:51:50

Africa is set to become the largest free trade continent as the African Continental Free Trade Agreement (AfCFTA) came into force on Thursday, with the ratification of 24 out of 54 countries. While U...