Search results for: economy

US budget deficit hits six-year high of $779b

-- October 16, 2018 13:49:47

The US budget deficit rose to 779 billion US dollars in the fiscal year 2018 (FY 2018) ending Sept. 30, the highest since 2012, according to the US Treasury Department report. US government spendin...

FDI inflow rises in BD amid global fall in Jan-Jun

Asjadul Kibria October 16, 2018 10:20:29

The inflow of foreign direct investment (FDI) globally declined sharply in the first half of the current calendar year. The amount is estimated at $470 billion in the January-June period of 2018 whil...

BB relaxes terms on holding foreign loan collaterals

FE Report October 16, 2018 10:12:24

The commercial banks are now allowed to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB)....

July-Aug trade gap reaches $2.11b

Siddique Islam October 15, 2018 09:42:31

Bangladesh's trade deficit crossed US$ 2.0 billion in the first two months of the current fiscal year (FY), 2018-19, mainly due to its higher import payments than lower export receipts, officials said...

BOJ's Kuroda warns of darkening global prospects

-- October 14, 2018 15:31:43

Escalating trade tension, emerging market turbulence and huge debt piling up in some countries pose risks to the world economy, Bank of Japan Governor Haruhiko Kuroda said on Sunday, his strongest war...

ECB should keep policy options open regardless of Fed

-- October 14, 2018 12:32:25

The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. Encouraged by a reco...

India's retail inflation picks up in September

-- October 13, 2018 15:16:17

India’s retail inflation rose marginally in September, nudged up by food and fuel prices, but short of the Reserve Bank of India’s 4.0 per cent medium-term target, strengthening views it c...

India’s forex reserves down by $915.8m to $399.609b

-- October 13, 2018 13:14:09

The foreign exchange reserves of India has declined by $915.8 million US dollar to $399.609 billion US dollar in the week to October 5 on account of a fall in foreign currency assets, according offi...

Saudi Arabia deports over 500 BD migrants in 15 days

Arafat Ara October 13, 2018 09:56:19

Bangladeshi workers have kept returning from Saudi Arabia in an increasing number since the kingdom started deporting the undocumented migrants, sources said. Statistics at the Probasi Kalyan Desk at...

LDC graduation: Project to devise strategy for 'smooth transition'

Mehdi Musharraf Bhuiyan October 13, 2018 09:49:11

Amid concerns over possible impacts of losing LDC benefits, the government is crafting a 'transition strategy' for 'smooth graduation' from the country's least-developed country status. Officials sai...

Federal Reserve is out of control: Trump

-- October 12, 2018 21:16:56

US President Donald Trump has renewed his attacks on the central bank, the US Federal Reserve, calling it 'out of control' and 'far too stringent'. Trump made the criticism while talking to the repor...

India rejects WB human capital index

-- October 12, 2018 17:48:18

India has rejected the findings of the World Bank's Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various considerations. The Indian finance minist...

IMF official anxious about loan defaults: Muhith

-- October 12, 2018 16:37:55

Expressing satisfaction over the Bangladesh economy, Deputy Managing Director of International Monetary Fund Misuhiro Furusawa has said he is anxious about the prevalent loan defaults in the banking s...

China's foreign trade up 9.9pc in first nine months

-- October 12, 2018 12:48:54

China's goods trade rose 9.9 per cent year on year to 22.28 trillion yuan (about 3.23 trillion US dollars) in the first nine months of the year, customs data showed Friday. Exports increased 6.5 per...

Quarterly ADP execution rate hits three-year low

FHM Humayan Kabir October 12, 2018 09:36:46

The implementation rate of Annual Development Programme (ADP) hit a three-year low to 8.0 per cent in the first quarter of the fiscal year, 2018-19. The project implementation rate was two percentage...

ECNEC nods 17 projects involving Tk 142 billion

FE Online Desk October 11, 2018 20:59:29

The government is set to spend Tk 142 billion on 17 development projects including the Rajshahi WASA Surface Water Treatment Plant Project and Development of Electricity Supply System, Chattogram Zone...

IMF warns against trade, currency wars, urges fix to global rules

-- October 11, 2018 16:26:57

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil “innocent bystanders....

Italy's pension reform will cost €100b: INPS

-- October 11, 2018 16:01:11

The Italian state pension agency INPS said the government’s plan to lower the retirement age will cost future generations around 100 billion euros ($115.4 billion). The reform “will incre...

Pakistan's trade deficit shrinks 2.4pc for Sept

-- October 11, 2018 15:03:35

The trade deficit of Pakistan reduced by 2.4 percent during the month of September over the same month of the last year, the Pakistan Bureau of Statistics (PBS) has said. The trade deficit dropped...

Tax from biggies falls Tk 3.0b short of target in Q1

Doulot Akter Mala October 11, 2018 09:41:37

Tax collection by the National Board of Revenue (NBR) from financial institutions fell short of the target by Tk 3.0-billion in the first quarter (Q1) of the current fiscal year (FY). Officials attri...

Global debt balloons to record $182 trillion: IMF

Reuters October 10, 2018 11:43:00

Global debt levels reached a record $182 trillion in 2017, having grown 50 per cent in the previous decade, but the picture looks less grim when public assets are taken into account, the International...

Move to set up urea fertiliser factory in Narsingdi

FE Online Report October 09, 2018 19:37:55

A granular urea fertiliser factory will be established at Ghorashal in Polash upazila of Narsingdi district at Tk104.61 billion cost in a bid to boost the country's urea production to meet growing dem...

Inflation rate drops slightly in September

FE Online Report October 09, 2018 17:41:24

The point-to-point inflation rate in September dropped to 5.43 per cent compared to that of 5.48 per cent in the previous month, official data showed. Bangladesh Bureau of Statistic (BBS) data, unvei...

ECNEC approves 20 development projects

-- October 09, 2018 16:51:46

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 20 development projects involving Tk 325.25 billion. The approval was given at the 146th ECNEC meeting of the curr...

Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam

FE Online Report October 09, 2018 14:15:36

Bangladesh is one of the least committed countries in the world to reduce the growing income disparity, according to a report released by Oxfam International on Tuesday. The country ranked 148 among...

IMF forecasts 7.1pc growth for BD in 2019

-- October 09, 2018 13:57:57

The growth domestic product (GDP) of Bangladesh is expected to grow by 7.1 per cent in 2019, according to the International Monetary Fund (IMF). Economic growth may accelerate 7.0 per cent in 2023, I...

Not yet approached by Pakistan for bailout: IMF

-- October 09, 2018 12:42:33

Pakistan has not yet formally approached the International Monetary Fund for financial assistance, but if bailout talks get underway this week, the goal will be to help Pakistan reach its full potenti...

Venezuela's annual inflation hits 488,865 pc in Sept

-- October 09, 2018 12:29:26

Venezuelan consumer prices rose 488,865 per cent in the 12 months ending in September as the country’s hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation i...

BB issues revised risk mgt guidelines for banks

FE Report October 09, 2018 11:49:50

The central bank has issued revised risk management guidelines for banks to ensure a sound risk management culture in the country's banking sector. "The modification of the prudential regulations is...

Asia stocks at 17-month low as China lets yuan slip

-- October 09, 2018 11:03:40

Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currenci...