Search results for: economy

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...

BB seeks Tk 8.0b for ESF to fund agro-based projects

FE Report January 15, 2019 10:30:20

The central bank has sought an allocation of Tk 8.0 billion for its 'Entrepreneurship Support Fund' (ESF) in the upcoming fiscal year (FY) 2019-20 for financing agro-based projects. Besides, it has p...

China export grows highest in seven years despite trade war

-- January 14, 2019 10:38:41

China’s exports rose 9.9 per cent in 2018, its strongest trade performance in seven years, despite growing disruptions from an escalating trade war with the United States, customs data showed on...

'BD to be 24th economy in GDP globally by 2032'

FE Report January 14, 2019 09:50:00

Finance Minister A H M Mustafa Kamal hoped that Bangladesh's economy would be at 24th position in global ranking by 2032 in terms of the gross domestic product (GDP). He also said when the economy gr...

Q1 budget in surplus amid lower revenue

Jasim Uddin Haroon January 14, 2019 09:49:23

The current budget recorded a Tk 24.07 billion surplus during the four months to October last, though tax receipts are less-than-expected, the ministry of finance said on Thursday. Revenue income of...

Qatar Investment Authority targets $45b in US investments

-- January 13, 2019 16:33:22

Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years from around $30 billion now. Chief Executive of the body Mansour Ibrahim al-Mahmoud gave...

ADB provides $200m to upgrade rural road network in BD

FE Online Desk January 13, 2019 12:44:00

The Asian Development Bank (ADB) and the Government of Bangladesh today (Sunday) signed agreements for $200 million in loans to improve the rural road network in Bangladesh. Monowar Ahmed, Secretary,...

Lower fund demand prompts govt to go for cut in foreign aid allocation

FHM Humayan Kabir January 13, 2019 09:47:07

The government is likely to slash foreign aid allocation in the revised development budget as most of the ministries and agencies sought lower funds, officials said on Saturday. The lower fund demand...

Zimbabwe plans new currency amid dollar shortage

-- January 12, 2019 16:08:18

Zimbabwe will introduce a new currency in the next 12 months as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. Finance Minist...

Living cost in Dhaka rises 6.0 pc in 2018: CAB

FE Report January 12, 2019 13:46:34

Cost of living rose by 6.0 per cent in Dhaka city in 2018 compared to that in 2017 due to rising prices of rice, fish, vegetables, toiletries, tea and other essentials, the Consumers Association of Ba...

Vietnam eyes $40b garment, textile exports in 2019

-- January 12, 2019 13:05:59

Vietnam will achieve garment and textile export turnovers of 40 billion US dollars this year, up 10.8 per cent from last year, the Vietnam Textile and Apparel Association (VITAS) has said. To this en...

Savings tools buying to come under govt scanners

Jasim Uddin Haroon January 12, 2019 09:29:37

The government is set to create a database of buyers of government-sponsored savings instruments. The objective behind the creation of database is to see whether the savings opportunity is abused by...

Germany faces 100 billion euro budget gap through 2023

-- January 11, 2019 17:44:15

The German government faces a gap of around 100 billion euros for its budget plans through 2023 as the economy cools. A German weekly news magazine, Der Spiegel, gave the information in a report on F...

China to set lower GDP growth target in 2019

-- January 11, 2019 12:53:36

China plans to set a lower economic growth target of 6-6.5 per cent in 2019 compared with last year’s target of “around” 6.5 per cent, policy sources told Reuters, as Beijing gears u...

No more rise in NPLs from now on: Kamal

FE Report January 11, 2019 10:11:03

Finance Minister AHM Mustafa Kamal said on Thursday non-performing loan (NPL) will not grow by even a single penny from today, rather it will reduce. He, however, said he would not go for action agai...

India’s inflation in Dec likely hit record low

-- January 10, 2019 11:49:42

India’s retail inflation in December is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed. Inflation likely co...

BB heist: Manila court jails ex-banker

-- January 10, 2019 10:52:22

A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world’s largest cyber heists, in which $81 million was st...

WB revises GDP growth forecast to 7.0pc

FE Report January 10, 2019 09:59:28

The World Bank (WB) has projected a 7.0 per cent economic growth for Bangladesh in fiscal year (FY) 2018-19. The WB has also forecast a 6.8 per cent GDP (gross domestic product) growth for the countr...

BB report suggests better watch, risk management

Siddique Islam January 10, 2019 09:55:04

The central bank has emphasised improving financial intermediation efficiency by reducing the amount of classified loans in the banking system through better supervision and risk management. "&hellip...

Global GDP growth to slow to 2.9pc in 2019: WB

-- January 09, 2019 14:40:46

Global economic growth is projected to slow to 2.9 per cent in 2019 from a downwardly revised 3.0 per cent in 2018 amid rising downside risks, the World Bank said on Tuesday. In its newly-released Gl...

Mongla EPZ exports rise sixteen-fold in 10 years

-- January 08, 2019 17:37:26

The exports from Mongla Export Processing Zone (EPZ) increased 16 times in the past 10 years. Investments also witnessed an eleven-fold rise, while about 4,500 people make a living in the zone. &ldq...

Govt to sign deal with WB to create quality jobs

-- January 08, 2019 17:14:10

The World Bank will provide $250 million to support Bangladesh in strengthening its capacity to create more and better jobs for citizens, including women, youth and the vulnerable population. An offi...