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Search results for: economy

Ministry doubles LNG import terminal, re-gasification capacity

M AZIZUR RAHMAN December 31, 2019 11:40:34

The power and energy ministry doubled the LNG import terminal and re-gasification capacity and added 2,153 megawatt (MW) of electricity totalling the country's overall installed capacity to 19,467 MW...

Robust growth is something to cheer about in 2019

FE REPORT December 31, 2019 10:04:55

The economy has faced a number of new challenges on its business and fiscal fronts in 2019, even though the political atmosphere has been peaceful, according to economists and businesses. The new cha...

Govt debt edges up in FY '19

JASIM UDDIN HAROON December 30, 2019 11:29:01

Public debt increased slightly in the last financial year (FY) due to the rise in fiscal deficit crossing the benchmark 5.0 per cent. In a recent publication, the International Monetary Fund, or IMF,...

Slower external trade may impact growth

FE REPORT December 30, 2019 09:58:19

The slowdown in its external trade might hurt the country's pace of economic growth in the current fiscal year. But a robust growth of workers' remittance is likely to act as counterweight in this re...

Philippines records 8.0m foreign tourists this yr

-- December 28, 2019 13:41:14

Tourism is booming in the Philippines with more than eight million visitors coming in 2019, the government said on Saturday. "Breaking the eight-million mark is another milestone to celebrate, as it...

Starting upbeat, BD economy ends 2019 tanking

-- December 28, 2019 11:43:16

Bangladesh began 2019 with things looking up on the economic front coupled with political stability after vote, but concerns have blunted it at the end of the year. The pace gathered in the past few...

India's financial system stable despite weaker economic growth: RBI

REUTERS December 28, 2019 10:53:51

India’s financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) said on Friday. “Reviving the twin engines of consumption a...

Remittance flow to rise 18pc in the outgoing yr

Siddique Islam December 28, 2019 10:46:31

The flow of inward remittance is set to jump more than 18 per cent or US$2.80 billion in the outgoing calendar year 2019 as the government has provided incentive to the beneficiaries against inward re...

Lower tax growth delays routine budget review

JASIM UDDIN HAROON December 28, 2019 09:51:34

The slow revenue mobilisation has started impacting the national budget execution process, prompting the authorities to delay reviewing the fiscal blueprint. Officials at the finance division of the...

Benapole falls short of its revenue target

-- December 27, 2019 19:26:52

Benapole Customs House has failed to achieve its revenue collection target between July and November, collection only half of its initial target. Uttam Chakma, assistant commissioner of the Customs H...

Bangladesh, Vietnam to double bilateral trade volume

-- December 27, 2019 18:26:35

Bangladesh and Vietnam want to work closely to double the bilateral trade volume from around $1.0 billion to $2.0 billion by 2021. The two countries held the second meeting of the Joint Trade Committ...

US think tank urges continued US-China engagement for global benefit

-- December 26, 2019 14:09:55

The growing cooperation between China and the United States will benefit not only the two countries but the rest of the world, said a leading think tank based in San Francisco. In a report released t...

Cross-border trade under SASEC: ADB to support BD’s reform

FHM HUMAYAN KABIR December 26, 2019 10:30:56

The Asian Development Bank (ADB) is expected to help Bangladesh ease transborder and regional trade through facilitating infrastructural development and regulatory reforms, officials have said. Under...

Trump says he and Xi will sign China trade deal

Reuters December 25, 2019 15:09:09

US President Donald Trump said on Tuesday (local time) he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the US-China trade deal agreed to this month. &ldquo...

BIA holds 32nd AGM

FE Online Desk December 25, 2019 13:53:40

 The 32nd Annual General Meeting (AGM) of the Bangladesh Insurance Association was held at Dhaka Club on Tuesday. The meeting was presided over by Mr. Sheikh Kabir Hossain, president, BIA. The...

FDI rises over 5pc from July to October

-- December 25, 2019 13:02:17

Foreign Direct Investment (FDI) in Bangladesh increased 5.36 per cent year-on-year during July-October period of 2019-20 fiscal year (July 2019-June 2020), the central bank data has showed. The Bangl...

Yearend: US economy slows in 2019

-- December 25, 2019 12:56:32

The US economy, supported by robust consumer spending and a strong job market, has maintained a moderate pace of growth as 2019 draws to a close. While worries about an immediate recession have abat...

Govt to support businesses for job creation: Kamal

FE REPORT December 25, 2019 10:46:04

Finance Minister AHM Mustafa Kamal on Tuesday said the government will continue to support the growth of private sector so they can employ more people. He said, "Businesses should set a target to reg...

BB sets single-digit lending rate for industrial manufacturers

SIDDIQUE ISLAM December 25, 2019 09:43:39

The Bangladesh Bank (BB) board of directors has approved a proposal on a single-digit lending rate for industrial manufacturers to add an impetus to the country's economic growth. The approval came a...

TIB expresses concerns

FE ONLINE REPORT December 24, 2019 21:15:46

The Transparency International, Bangladesh (TIB) expressed concerns about uncertainty of climate financing in UN Climate Change Conference (COP25) in Madrid of Spain. There was no certain development...

China central bank to conduct six billion yuan bill swaps

-- December 24, 2019 13:54:19

China’s central bank will conduct a bill swap operation to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital, it said on Tuesday. The bill swaps, with a...

Tourists to Palestine grow 15 pc in 2019: Minister

-- December 24, 2019 12:49:04

The number of tourists to the occupied Palestinian territories increased by 15 per cent in 2019, Palestinian Minister of Tourism and Antiquities Rula Maayah has said. "The number of tourists who have...

BB set to issue circular on single-digit loan rate

SIDDIQUE ISLAM December 24, 2019 10:18:57

The central bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said. A draft of the circular is expected t...

China's forex market remains balanced

Global Times December 23, 2019 18:20:30

China's cross-border capital flight pressure has been much alleviated this year, with the country expected to continue liberalising its capital account while cracking down on illegal trading activitie...

Singapore's core inflation grows to 0.6 pc in Nov

-- December 23, 2019 15:19:38

Singapore's Consumer Price Index for all items (CPI-All Items) grew 0.6 per cent year-on-year in November, compared to a 0.4-per cent growth in October, according to a statement. The Ministry of Trad...

NBR cuts AIT to 3.0pc on cement materials import

Mohammad Mufazzal December 23, 2019 10:30:09

The government has reduced the rate of advance income tax (AIT) on import of cement raw materials to 3.0 per cent from 5.0 per cent. National Board of Revenue (NBR) issued a SRO (statutory regulatory...

Technip revises down construction cost estimate of oil refinery

M AZIZUR RAHMAN December 23, 2019 09:34:29

French firm Technip, which is keen to clinch the contract for building the country's second crude oil refinery, has revised down the estimated cost of its construction to US$ 2.23 billion. The oil re...

Violent protests affect Assam's tourism industry

-- December 22, 2019 19:28:05

The tourism industry in India's northeastern state Assam is taking a hit right now as violent anti-Citizenship Amendment Act (CAA) protests by various oraganisations against the controversial act cont...

Int'l SME conference held in India

-- December 22, 2019 18:26:07

World Association for Small and Medium Enterprises (WASME) organised 23rd International Conference for SMEs (ICSME) on “Achieving inclusive and sustainable goal through SME 4.0 by promoting SMEs...

China-US phase-one trade deal a concrete step to de-escalate tensions

Xinhua December 22, 2019 18:14:27

The China-US phase-one economic and trade deal is a concrete step toward de-escalating bilateral tensions, experts have said. "We see the phase-one agreement as modest, but for now, it ends the escal...