Search results for: economy

US home sales hit three-year low

-- January 23, 2019 14:09:25

US home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. November’s sales pa...

Inflation drops slightly in Dec

-- January 22, 2019 21:20:49

The point-to-point rate has dropped slightly in December to 5.35 per cent from 5.37 per cent in the previous month owing to the drop in food and non-food inflations. "The general point-to-point infla...

ECNEC approves eight projects worth Tk 18.93b

-- January 22, 2019 15:15:00

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved eight projects involving an estimated cost of over Tk 18.93 billion. The approval came from the first ECNEC meetin...

S Korea's 2018 GDP growth slows to six-year low

-- January 22, 2019 12:15:56

A surge in South Korean government spending boosted the country’s economy in the fourth quarter (Q4) but weakening exports braked last year’s annual pace of growth to a six-year low. Tues...

IMF warns trade tensions could hit global growth

-- January 22, 2019 12:01:03

The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth. In a new report on the world economic outlook, the IMF also warns of risks from a no-...

UN predicts 3pc global growth in 2019-2020

-- January 22, 2019 10:46:30

The global economy will continue to grow at a steady pace of around 3.0 per cent in 2019 and 2020 amid signs that global growth has peaked, the United Nations said Monday. However, "a worrisome combi...

BD FDI flow up despite global decline in 2018

Asjadul Kibria   January 22, 2019 09:14:32

The flow of foreign direct investment (FDI) into the country recorded substantial rise in 2018 with China becoming the top contributor. The development came in contrast to the decline in global inflo...

26 billionaires own same wealth as poorest 3.8 billion people

-- January 21, 2019 18:08:55

The 26 richest people own as many assets as the 3.8 billion people who make up the poorest half of the planet’s population. The development charity Oxfam International gave the information in i...

Asia-Pacific FIs set to face more difficult yr

FE Online Desk January 21, 2019 12:23:42

Potentially higher interest rates, as well as volatile domestic currencies, bond markets, and property prices, would make financing conditions more difficult for Asia-Pacific financial institutions in...

China sees slowest growth in 28 years

-- January 21, 2019 09:42:06

China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pres...

BD expats suffer for inadequate remittance points abroad

Rezaul Karim January 21, 2019 09:31:36

Bangladeshi overseas workers have been suffering a serious setback when remitting their hard-earned money due to inadequate number of agent points in their destination countries. Saudi Arabia, the Un...

China set to post slowest growth in 28 years in 2018

Reuters January 20, 2019 10:57:59

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more...

IR may ride ‘Train 18’ to $200b market

-- January 19, 2019 14:47:49

Indian Railways (IR) is planning an entry into the $200 billion global market for coaches and wagons (rolling stock) after producing Train 18, an Indian semi-high speed train. The IR fixed the target...

Rich in BD to rise 11.4 pc in five years: Wealth-X

-- January 19, 2019 13:06:39

The number of high net-worth (HNW) individuals in Bangladesh will rise by 11.4 per cent in the next five years, according to the latest report of Wealth-X, a New York-based research firm. In the list...

Fall in remittance from Italy likely this year

Rezaul Karim January 19, 2019 10:14:46

Remittance inflow may see a significant fall this calendar year for taxing expats' cash transfer by Italy, a major source of remittance earnings for Bangladesh. Bangladeshi migrants send home $550-...

Sri Lanka to receive $1.0b from Bank of China

-- January 18, 2019 20:51:06

Sri Lanka will receive a loan of $1.0 billion from Bank of China before the end of the January-March quarter, the chief of the central bank said on Thursday, to help the country meet repayments in the...

China revises 2017 GDP growth down to 6.8pc

-- January 18, 2019 15:28:20

The National Bureau of Statistics of China on Friday revised the country’s gross domestic product (GDP) growth for 2017 from 6.9 per cent to 6.8 per cent in its final verification. The GDP was...

Business leaders urge RBI to cut benchmark rate

-- January 18, 2019 12:48:08

India’s top business groups have urged the RBI to cut its benchmark interest rate and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness....

Reduced source tax on export from Jan

Doulot Akter Mala January 18, 2019 10:55:11

The National Board of Revenue (NBR) has decided to make reduced rate of source tax, 0.25 per cent, on export proceeds effective from January, 1, 2019. The board will issue a clarification today (Frid...

Private credit growth edges down in December

FE Report January 18, 2019 09:37:31

Private sector credit growth dropped significantly in December mainly due to the lower demand for loans, due mainly to the elections, bankers said. They, however, expected the growth in credit flow...

BB introduces new policy to curb default loans

-- January 17, 2019 21:11:43

Bangladesh Bank (BB) has introduced a new guideline on Thursday to shorten the leash on rising default loans. The new policy will be will be effective from the next fiscal year beginning on July 1, a...

Singapore's Dec exports post record fall

-- January 17, 2019 16:16:27

Singapore’s exports recorded their worst decline in more than two years in December as shipments of electronics and pharmaceuticals plunged, according to an official data published on Thursday....

BOJ calls for vigilance to cost of unconventional easing

-- January 17, 2019 16:08:04

Bank of Japan Governor Haruhiko Kuroda said on Thursday central banks must carefully evaluate the impact of unconventional monetary policy steps, as their benefits and side-effects could differ from t...

Govt's borrowing from banks on track to rise

Siddique Islam January 17, 2019 09:09:46

The government's higher borrowing from both the central bank and commercial banks is set to pick up mainly due to revenue shortfall in recent months, officials and bankers said. The previous borrowin...

China's central bank boosts liquidity

-- January 16, 2019 14:28:04

The People's Bank of China (PBOC) on Wednesday injected liquidity into the banking system through reverse repos to offset the impact from a tax payment peak. The central bank said the injection was t...

Exporters suffer blow as govt makes contract farming mandatory

Yasir Wardad January 16, 2019 10:15:38

The government has made 'contract farming' mandatory for shipment of agro produce aiming to ensure the quality, said officials. The decision came as a big blow to the exporters who found themselves i...

NBR probing luxury car owners’ returns

Doulot Akter Mala January 16, 2019 10:07:50

The National Board of Revenue (NBR) is now examining the tax returns of the owners of 930 luxury cars to find out whether they have evaded tax payment on account of the vehicles. The tax authority ha...

India's plunging inflation rate opens door to monetary easing

-- January 15, 2019 14:40:53

India’s annual retail inflation rate dropped to an 18-month low of 2.19 per cent in December, strengthening views of some economists that the central bank could ease monetary policy next month a...

Indonesia posts record trade gap in 2018

-- January 15, 2019 13:17:05

Indonesia, classified as a newly industrialised country, posted wider-than-expected trade deficit in December, bringing the gap for 2018 to the largest ever, the statistics bureau said on Tuesday. De...

Bank of China offers Sri Lanka $300m loan

-- January 15, 2019 12:42:25

Bank of China (BOC) has offered a loan of $300 million (232.68 million pounds) to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, said. The sourc...