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Search results for: economy

E-commerce trade still poor in BD: WB report

Saif Uddin December 21, 2019 11:05:11

The rate of online sales through different e-commerce platforms accounts for a very limited portion of the total retail sales in Bangladesh, according to a World Bank (WB) study. "Global online purch...

July-Nov farm credit flow up by over 11pc

Siddique Islam December 21, 2019 10:51:40

Farm credit disbursement grew by more than 11 per cent in the first five months of the current fiscal year (FY), 2019-20, as demand for such loan has been picked up due to seasonal effects. Disburs...

Financial sector's input to GDP drops for second year

FHM HUMAYAN KABIR December 21, 2019 09:39:05

Irregularities and problems of various nature in the country's banking and financial sector have hit its growth, as the sector's expansion rate has fallen in the last fiscal year (FY), 2018-19, for th...

LatAm to see slow economic growth in 2020

-- December 20, 2019 14:59:25

The Latin American economy will accelerate slowly in 2020 due to decreased concerns over global political and commercial risks, according to experts. After showing almost zero growth in 2019, the reg...

Nine PPP-G2G projects: Scope aplenty for $10b investment

MUNIMA SULTANA December 20, 2019 10:11:10

Scope abounds for a whacking $10-billion investment in nine projects under public-private partnership (PPP) with the government-to-government (G2G) arrangement. The PPP Authority (PPPA) has so far si...

Taka strengthens against dollar

SIDDIQUE ISLAM December 19, 2019 10:52:23

The local currency appreciated by two paisa against US dollar on Wednesday after nearly three years in the inter-bank foreign exchange (forex) market. Dollar was quoted at Tk 84.88 per unit on the...

ESCAP sees BD's positive trade growth in 2019

FE REPORT December 19, 2019 10:50:46

Despite sluggish merchandise exports from Bangladesh in the outgoing year 2019, a United Nations (UN) body forecasts positive annual export growth for the country. The UN Economic and Social Commissi...

'Single digit lending rate for manufacturing sector from January 1'

BSS December 18, 2019 20:20:57

Finance Minister AHM Mustafa Kamal has expected that the bank interest rate for manufacturing sector will come down to single digit from January 1 for accelerating the country’s industrialisatio...

Kashmir sees $2.4b losses since lockdown

-- December 18, 2019 15:46:47

A lockdown in Indian-administered Kashmir has cost its economy more than 2.4 billion US dollar since the government stripped it of its special status, Kashmir Chamber of Commerce and Industry (KCCI) s...

EU approves $557m soft loan to Jordan

-- December 18, 2019 12:51:49

Jordan has said that the European Parliament approved with a vast majority to grant Jordan a soft loan of 500 million euros (557 million US dollars) with a low-interest rate. According to a statement...

Cuba to see 0.5pc GDP growth in 2019

-- December 18, 2019 12:44:32

Cuba's gross domestic product (GDP) will see a slight 0.5-per cent expansion in 2019, the country's Economy Minister Alejandro Gil said has on. Speaking to legislatures, Gil said the country's econom...

Vietnam c bank cuts reference exchange rate

-- December 18, 2019 12:10:51

The State Bank of Vietnam (SBV) has adjusted its daily reference exchange rate between Vietnamese dong and US dollar down by 4 Vietnamese dong to 23,158 Vietnamese dong per US dollar. With the curren...

RMG export drops 6.61pc in July-Nov

MONIRA MUNNI December 18, 2019 10:22:49

The country's ready-made garment (RMG) export to major non-traditional markets witnessed a negative growth of 6.61 per cent during the first five months of current fiscal year (FY), 2019-20, accordi...

'Poverty rate drops to 20.5pc in FY19'

FE Online Desk December 17, 2019 18:00:18

The poverty rate in Bangladesh came down to 20.5 per cent in the fiscal 2018-19. The figure was 21.8 at the end of 2017-18 fiscal year. Planning Minister MA Mannan gave the information while briefing...

ECNEC approves nine projects involving Tk 32.27b

UNB December 17, 2019 17:39:30

The Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared nine projects involving Tk 32.27 billion. The approval came from the ECNEC meeting held at NEC Conference room in t...

Transfer Pricing Cell to put 921 foreign cos under scanner

DOULOT AKTER MALA December 17, 2019 10:02:21

The Transfer Pricing Cell (TPC) would put some 921 foreign companies, operating in Bangladesh in various forms, under its close scrutiny to find out the level of their tax compliance in relation to cr...

Equinox to buy Leagold for about $578m

-- December 16, 2019 20:57:17

Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest consolidation in the industry that has seen deals wort...

China’s factory, retail sectors shine as trade tensions thaw  

-- December 16, 2019 14:36:13

Growth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostili...

Online VAT project fated to miss its Dec ’20 deadline

DOULOT AKTER MALA December 15, 2019 10:10:24

A Vietnamese firm that has been assigned to automate the VAT administration is set to miss the deadline because of its incapacity and the required back-up administrative reform. About Tk 2.76 billion...

Hard-term loan kitty set to be bigger

FHM HUMAYAN KABIR December 14, 2019 10:05:04

The volume of the country's hard-term loan is likely to go up in the coming days as the government has amended the foreign borrowing terms, officials said. The government has recently relaxed its for...

Industrial sector to get single-digit lending rate, loan defaulters barred

Siddique Islam December 13, 2019 10:15:39

The Bangladesh Bank (BB)-formed committee submitted its report to the governor on Thursday, and recommended that only industrial manufacturing sectors will be eligible for availing single-digit lendin...

Service charge not major issue in India transit: Mustafa Kamal

-- December 12, 2019 21:42:28

Finance Minister AHM Mustafa Kamal on Thursday said service charge is not the main issue in providing transit and other facilities to India. “We don’t consider the service charge as the m...

NZ visitor arrival growth hits record low

-- December 12, 2019 15:14:12

Growth in annual visitor arrivals in New Zealand dropped to its lowest level in seven years, as the number of visitors from Asia continued to fall, New Zealand statistics department Stats NZ has said....

US Fed holds rates steady

-- December 12, 2019 15:06:30

The US Federal Reserve has left interest rates unchanged after cutting rates at each of the last three meetings, as officials assessed the effect of rate cuts on the US economy. The Federal Open Mark...

Dhaka, Prague sign double taxation avoidance agreement

FE REPORT December 12, 2019 12:27:18

Bangladesh and Czech Republic entered into a double taxation avoidance agreement (DTAA) on Wednesday with an eye to enhancing bilateral cooperation and boosting investment. The deal was signed at the...

Govt initiates climate smart agri projects

FE Online Report December 11, 2019 16:59:40

The government  in collaboration with the World Bank on Wednesday launched two climate smart plan and projects to address impacts of climate change on farming in the country. Agriculture Ministe...

US, Canada and Mexico sign fresh deal to replace NAFTA

Reuters December 11, 2019 14:13:49

Top officials from Canada, Mexico, and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices f...

'GDP indicators don't amply reflect living standards of all'

FE Report December 11, 2019 11:00:02

Mario Pzzini, a global scholar, has said the GDP (gross domestic product)-related indicators do not adequately reflect people's living standards, although (increasing) it is in the core action policy...

Bangladesh to seek higher aid flow from WB

FHM HUMAYAN KABIR December 11, 2019 10:17:42

Bangladesh will request for extended support from the World Bank (WB) in its upcoming three-year aid package for facilitating the country's growing demand for development investment, officials said on...

Central bank to release new taka 50 notes

-- December 10, 2019 21:44:29

Bangladesh Bank (BB) will release new Taka 50 notes on December 15 in phases. The new Taka 50 notes will be ‘reddish orange’ in colour. It will bear the picture of Bangabandhu and signatu...