Search results for: economy

India's RCom sells $285m worth assets to Reliance Jio

-- August 23, 2018 12:51:01

 India's Reliance Communications Limited said on Thursday it completed the sale of its media convergence nodes (MCNs) and related infrastructure assets worth 20 billion rupees ($285.4 million) to...

Bangladesh 57th top exporting country

FE Online Report August 23, 2018 12:42:00

Bangladesh has been ranked as the 57th top merchandise exporting country in the past year, according to the World Trade Organization – Trade Profiles 2018. The report, released last month (July...

Nepal to hold talks with China on energy cooperation

-- August 22, 2018 19:26:31

The Nepal government has formed a seven-member committee to hold talks with China to implement an agreement on energy cooperation, a senior official said, according to a report by India based The Fi...

Kerala floods impact a fifth of India’s coffee production

-- August 22, 2018 18:35:39

Kerala is the second largest coffee producing state in India, contributing to over a fifth of the country’s total production and employing over 44,000 people, according to a report by LiveMint....

US, China to resume trade talks in Washington amid low expectations

-- August 22, 2018 16:38:54

US and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by US President Donald Trump that there would be no real progress, reports Reuters. The...

Lira steady after Bolton says Turkey made ‘big mistake’ over pastor

-- August 22, 2018 16:17:55

The under-pressure lira held steady against the dollar on Wednesday after US President Donald Trump’s national security adviser said Turkey had made a “big mistake” in not freeing a...

Kuwait, Iraq to study developing shared oilfields: Oil minister

-- August 22, 2018 16:08:18

Kuwait and Iraq will appoint consultants soon to study the development of shared oilfields, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday, according to Reuters. Production from cross-borde...

Japan, China seek to restart FX swap line in sign of warming ties

-- August 21, 2018 17:59:29

Japan and China are in talks to resume a currency swap arrangement between their central banks worth about 3.0 trillion yen (£21.3 billion), Kyodo News agency reported on Tuesday, according to R...

Business community hopeful Imran can pull Pakistan out of economic mire

-- August 21, 2018 17:17:46

Business community on Monday appreciated Prime Minister Imran Khan’s maiden speech to the nation and reposed full confidence in his leadership abilities to pull the country out of multiple cha...

Rosatom starts installation of core catcher at Rooppur nuclear power plant

-- August 21, 2018 16:54:31

  Russian Rosatom has started installation of the core catcher protection system at the construction site of unit 1 of the 2.4GW Rooppur nuclear power plant in Bangladesh.   According to...

Greek PM heads to Odysseus’ home at end of bailout journey

-- August 21, 2018 16:46:16

 Prime Minister (PM) Alexis Tsipras headed to the Greek island of Ithaca on Tuesday in a gesture laden with classical symbolism as the country emerges from nine years of crisis and international...

Azerbaijan’s drilling co eyes to expand activity in Bangladesh

-- August 21, 2018 15:33:14

Azerbaijan’s drilling company SOCAR-AQS intends to expand its activity in Bangladesh, director general of the company Ramin Isayev told Trend on August 20. Earlier, SOCAR-AQS won a tender for d...

Malaysian PM says China-financed projects canceled

-- August 21, 2018 14:54:52

Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren’t needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister M...

Greece exits final bailout successfully: ESM

-- August 20, 2018 12:39:55

Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis, the euro zone's ESM rescue fund said on Mon...

BB pumps Tk 3.6b into three banks

Siddique Islam August 20, 2018 09:59:12

The Bangladesh Bank (BB) injected funds amounting to nearly Tk 3.60 billion into three banks on Sunday to help minimise their cash withdrawal pressure ahead of the Eid-ul-Azha, officials said. The ce...

BD to participate at World Skills Competition in Russia

FE Online Desk August 19, 2018 13:59:57

Bangladesh is going to participate at the World Skills Competition to be held in Russia in next year. WorldSkills is the collective voice for skills excellence and development in vocational, technolo...

BJMC gets Tk 1.0b fund for paying wages to workers

FE Report August 19, 2018 10:38:58

The government has funded Tk 1.0 billion to provide wages and festival allowances for jute mill workers, officials said. The textiles and jute ministry released the non-development loan for the Bangl...

GPS completes first-tranche subscription of BGBS shares

FE Desk August 18, 2018 14:31:34

Thailand’s Global Power Synergy (GPS) Group Company Limited has made the first-tranche subscription of 100 million shares of Beijing Gas Blue Sky (BGBS) Holdings Limited. The second tranche of...

ADBI speaker series on WTO on Sep 3

FE Online Desk August 18, 2018 13:37:54

Asian Development Bank Institute (ADBI) will hold its Distinguished Speaker Series: Report on Revitalising Multilateral Governance at the World Trade Organisation on September 3 at ADBI, Tokyo, Japan....

India's FX reserves may fall below $400b mark

-- August 18, 2018 12:34:41

The foreign exchange reserves of India has come within striking distance of falling below the $400 billion mark as the rupee coming under severe pressure due to meltdown in the Turkish lira. The FX...

Singapore's non-oil domestic exports surge in July

-- August 17, 2018 12:34:21

The non-oil domestic exports (NODX) of Singapore grew 11.8 per cent year on year in July, Enterprise Singapore, a government agency that champions enterprise development, announced on Friday. The c...

Call rate rise unlikely ahead of Eid-ul-Azha

Siddique Islam August 17, 2018 10:15:26

The inter-bank call money rate is unlikely to rise ahead of the Eid-ul-Azha, as the overall excess liquidity with the banks increased by over 22 per cent or Tk 171 billion in this June. The call mone...

S Korea posts trade surplus for 78 months to July

-- August 16, 2018 13:22:19

South Korean economy posted trade surplus for 78 months to July due mainly to strong demand for locally-made semiconductors and oil products, customs office data showed Thursday. Revised figure for t...

Bangladesh to increase wheat imports 10pc in 2018/19

-- August 15, 2018 20:38:23

Bangladesh will import around 6.5 million tonnes of wheat in the next marketing year, the USDA’s local branch in the country estimated, according to a report published on www.agricensus.com Wedn...

DHL eCommerce announces partnership with Shopee

FE Online Desk August 15, 2018 13:51:43

KUALA LUMPUR - Media OutReach - 15 AUGUST- DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group (DPDHL), today announced its partnership with Shopee, the leading...

Turkey doubles tariffs on US products

-- August 15, 2018 11:40:20

Turkey has doubled tariffs on some US imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate US attacks on the Turkish economy. The move...

Dhaka city to get 0.85m pre-paid meters

FE Report August 15, 2018 09:40:59

The government has approved a Tk 6.58 billion project to install 0.85 million pre-paid meters in Dhaka city. The Dhaka Power Distribution Company (DPDC) will implement the project. Presided over by...

Mahathir for opening up BD worker recruitment to all agencies

-- August 14, 2018 20:18:22

The Malaysian government wants to open up the recruitment of workers in Bangladesh to all agencies to break the monopoly on the business and reduce processing fees, according to a report by New Strait...

Export earnings grow by 20pc in July

FE Online Report August 14, 2018 17:32:32

Country's earnings from goods exports grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY19). A notable rise in apparel export played a role in the growth. The...

ECNEC approves Tk 8.26b livelihood programme

-- August 14, 2018 15:25:53

The Executive Committee of the National Economic Council (ECNEC) today (Tuesday) approved the ‘Improvement of Livelihood of Marginal Communities Programme’ at an estimated cost of Tk 8.261...