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Search results for: economy

BD’s trade terms with UK to remain unchanged despite Brexit

-- June 01, 2019 17:40:08

Bangladesh High Commissioner to UK Saida Muna Tasneem has said that the trade terms of Bangladesh with the UK would remain the same even if the country comes out of the EU. “UK may come out of...

Demographic dividend: Country likely to miss the boat?

Jasim Uddin Haroon June 01, 2019 09:15:05

Bangladesh could fail to reap benefit from the ongoing most favourable period of its demographic dividend because of inadequate allocations for education and health sectors. With around two decades r...

Turkish economy shrinks again as currency crisis bites

-- May 31, 2019 19:15:57

The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a...

Move to create ‘Start Up Fund’ for new entrepreneurs

-- May 31, 2019 18:44:31

The government for the first time is going to create a ‘Start Up Fund’ for the new entrepreneurs in the upcoming budget for the next fiscal year (FY20) in a bid to generate more employment...

WB forecasts China GDP growth at 6.2pc in 2019

-- May 31, 2019 12:34:04

The World Bank has forecasted that China's economy will grow at 6.2 per cent in 2019 and 6.1 per cent in 2020. In an external environment that has become less favourable due to slowing global growth...

Climate change may displace 10m in next 20 years: Experts

FE Report May 31, 2019 11:30:03

Around 10 million climate migrants will move from coastal areas to big cities of the country in next two decades due to climate change impacts, climate experts warned on Thursday. "As many as 10 mill...

Malaysia's PPI falls 1.4pc in April

-- May 30, 2019 14:39:03

The producer price index (PPI) for local production in Malaysia decreased by 1.4 per cent year-on-year in April, official data showed Wednesday. According to Malaysian Statistics Department, the fall...

Bangladesh signs $2.5b ODA deal with Japan

-- May 30, 2019 10:23:20

Bangladesh and Japan have signed their 40th ODA deal involving US$ 2.5 billion for implementing five projects to bolster ties between the two countries. Economic Relations Division (ERD) Secretary Mo...

Large, medium industrial base shrinks, shows survey

Jasim Uddin Haroon and Yasir Wardad May 29, 2019 10:03:49

The number of the country's large and medium manufacturing industrial establishments declined significantly in 2019 despite the fact that the curve of their contribution to the gross domestic product...

'Bankers should be more active to reduce bad loans'

-- May 28, 2019 19:45:50

Bangladesh Bank (BB) Governor Fazle Kabir has said the bankers should be more active to reduce the bad loans in the banking sector. “In 2018, the capital adequacy and liquidity of the banking s...

66pc workers are women in eight EPZs

-- May 28, 2019 19:37:56

Female workers are playing a vital role to accelerate the economic activities in the industries in country’s eight Export Processing Zones (EPZs) with around 66 per cent participation in product...

Kenya goes for $750m loan from World Bank

-- May 28, 2019 12:25:18

Kenya is negotiating with the World Bank for a $750 million (591.8 million pounds) loan for budgetary support, documents on the proposed funding posted on the lender’s website showed on Tuesday....

'Per capita income likely to reach $6,000 by 2030'

-- May 26, 2019 21:27:08

Commerce Minister Tipu Munshi has voiced his firm optimism that the per capita income of the country would reach $5,000 to $6,000 by 2030. He also hoped that Bangladesh would be able to graduate full...

Exclusive economic zone for Japanese investors on cards

-- May 25, 2019 20:15:14

An exclusive economic zone for Japanese investors is going to be developed at Araihazar upazila in Nayaranganj alongside Dhaka-Syhet Highway. Bangladesh Economic Zone Authority (BEZA) will sign a joi...

Interest rate spread slightly low in April

Siddique Islam May 25, 2019 10:03:56

The overall interest rate spread in the country's banking sector narrowed down slightly as commercial banks increased deposit rates while lending rates fell, officials said. The weighted average sp...

More efforts should be made to stabilise and improve trade, China says

-- May 24, 2019 11:48:52

China’s commerce ministry said on Friday that more efforts should be made to achieve the goal of stabilising trade while improving its quality, adding that the trade environment is growing more...

Trump unveils $16b aid package for farmers hit in trade war

-- May 24, 2019 11:42:53

The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China. The administration said payment rates to farmers would be determine...

'ROI in Bangladesh higher than neighbours'

FE Report May 24, 2019 10:09:35

Return on investment (ROI) in Bangladesh is much higher than its neighbouring countries, Foreign Minister Dr A K Abdul Momen told a delegation of the Hong Kong-based Chinese Manufacturers' Association...

Tax collection target may be Tk 3.25t for FY '20

Doulot Akter Mala May 24, 2019 09:23:41

Tax collection target is likely to be set at Tk 3.25 trillion for the upcoming fiscal year with 16 per cent growth over the revised goal of FY 2018-19. At Tk 1.17 trillion, the highest tax collection...

Govt prioritising PPP development in next FY

-- May 23, 2019 19:04:55

The government has planned to take 30 per cent Annual Development Programme (ADP) projects under the Public-Private Partnership in the next fiscal to boost PPP growth for infrastructural development....

Myanmar attracts $2.4b foreign investments in 7 months of FY 2018-19

-- May 23, 2019 15:32:57

Myanmar has attracted over 2.41 billion US dollar foreign investments in the first seven months of the present fiscal year 2018-2019, according to the DICA. The Directorate of Investment and Company...

ADB provides $400m loan for Ctg-Cox’s Bazar rail link

-- May 23, 2019 13:47:45

Bangladesh signed a deal with Asian Development Bank (ADB) on Thursday for a $400 million loan to connect Chattogram and Cox's Bazar by rail. Its goal is to promote trade, investment and tourism in B...

Indian stocks hit record highs with Modi set for big win

-- May 23, 2019 12:32:56

Indian stock markets hit record highs while the rupee and bonds rallied as early vote counting in general elections showed the ruling National Democratic Alliance with Narendra Modi at the helm winnin...

BB doubles deferred payment period for power cos

Siddique Islam May 23, 2019 09:47:41

The central bank has doubled the deferred payment period for import of raw materials only for the power generating enterprises to help ease the pressure on foreign exchange market, officials said. Un...

Russian economy to grow 1.3pc in 2019, says minister

-- May 22, 2019 12:02:57

Russian economy will grow by 1.3 per cent for the year of 2019 as expected, Economic Development Minister Maxim Oreshkin said on Tuesday, refuting an outlook of recession. Russia's GDP growth outlo...

Tk 2.03t ADP gets NEC nod for FY'20

-- May 21, 2019 14:08:07

The government has approved Tk 2.03 trillion Annual Development Programme (ADP) for the next fiscal year (FY 2019-20), beginning July 1. The figure is 17.18 per cent higher than the current year&rsqu...

Australia central bank signals rate cut in June

-- May 21, 2019 11:29:25

The Reserve Bank of Australia (RBA), the central bank of Australia, would consider cutting interest rates next month to support the economy, Governor Philip Lowe said on Tuesday. Mr Lowe said that...

NEC set to endorse Tk 2.02t ADP for FY ’20

FE Report May 21, 2019 09:29:47

The government is going to approve today (Tuesday) a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, allocating the highest fund to the transport sector, of...

Govt revises down tax collection target

Doulot Akter Mala May 21, 2019 09:25:42

The government has revised the tax collection target downward to Tk 2.80 trillion for the current fiscal year following lacklustre trend in receipts, people familiar with the development said. The or...

NEC likely to approve original ADP outlay for next fiscal

-- May 20, 2019 18:14:30

A draft of Tk 2.02 trillion Annual Development Programme (ADP) outlay for the upcoming fiscal year will be placed before the National Economic Council (NEC) on Tuesday. Prime Minister Sheikh Hasina w...