Search results for: economy

Remittance inflow rises by 32pc in September

-- October 02, 2018 21:47:11

Remittance inflow to Bangladesh increased about 32 per cent in September compared to the same period of previous year. According to latest Bangladesh Bank statistics, the expatriate Bangladeshis sent...

Move to restore navigability of four rivers

-- October 02, 2018 18:57:15

The government plans to restore navigability of Old Brahmaputra, Dharla, Tulai and Punorbhoba rivers by June 2024 with an aim to ensure smooth and safe plying of river vessels. The Executive Committe...

CBSL keeps rates steady despite pressure on rupee

-- October 02, 2018 16:05:54

The Central Bank of Sri Lanka (CBSL) has surprised financial markets by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency. Policymakers have struggled to defend the...

World Bank forecasts 7.0pc growth for Bangladesh in FY19

-- October 02, 2018 15:51:05

The World Bank has forecast a growth rate of 7.0 per cent for Bangladesh this fiscal year on the back of robust private investment, increased exports and remittance inflows. The projection is lower t...

BB concerned over upward non-food inflation, inflation expectations 

FE Online Report October 02, 2018 14:16:42

Rising non-food inflation and expectations for upward inflation may become the challenges for Bangladesh Bank to contain the overall inflationary pressure in the coming days. The latest quarterly rev...

Five more sectors may get incentives under PPP

Rezaul Karim October 02, 2018 09:55:31

Projects under five more sectors are likely to be made eligible for government incentives under the public-private partnership (PPP) initiative, officials said. The finance minister has recently aske...

India-born Harvard professor becomes chief economist of IMF

-- October 01, 2018 21:09:05

The International Monetary Fund (IMF) has appointed Gita Gopinath as its chief economist. The IMF issued in a media release on Monday over the appointment of Gita Gopinath, who currently serves as th...

IMF lifts UAE growth forecasts

-- October 01, 2018 15:43:37

The International Monetary Fund (IMF) has lifted its forecasts for economic growth in the United Arab Emirates (UAE) because of expectations that oil production and state spending will rise. The UA...

ADB approves new access to information policy

-- October 01, 2018 12:52:40

The board of directors of Asian Development Bank (ADB) has approved a new 'Access to Information Policy (AIP)' that aims to maintain the lender’s high standards of transparency. The AIP, whic...

Family debt lowest in 14 years: Global study

Jasim Uddin Haroon September 30, 2018 10:14:19

The country's household debt as percentage of gross domestic product (GDP) has been shrinking over the years from its peak in 2005. The household debt means the purchase of residential property and...

Trade friction to hamper world economy: Expert

-- September 29, 2018 14:19:02

The trade friction between China and the United States will lower the global economic growth rate and at the same time have a spillover effect on protectionism, a trade expert has said. "If one count...

Green investment increases by 8.9pc in April-June quarter

-- September 28, 2018 20:54:42

Investments in green initiatives have increased by 8.90 per cent at the end of April to June quarter of 2018 compared to the previous January to March period. According to Bangladesh Bank (BB), the t...

Japan industrial output rises 0.7pc in Aug

-- September 28, 2018 15:14:52

The industrial production in Japan increased in August from the previous month, marking the first rise in four months, the Ministry of Economy, Trade and Industry (METI) said in a report on Friday. T...

Ten cos to get 400 acres of land in EZs

-- September 28, 2018 10:47:20

Prime Minister's Office (PMO) has permitted Bangladesh Economic Zones Authority (BEZA) to allocate 400 acres of land to 10 investors. The investors will invest a total of around US$ 1,981 million to...

ADB approves loan of $500m to upgrade primary education

FE Online Report September 27, 2018 19:15:36

The Asian Development Bank (ADB) has decided to give a loan of $500 million to upgrade the primary education sector of Bangladesh.   The approval came on Thursday at the Manila-based lending age...

Fed raises US interest rates, sees at least three more years of growth

-- September 27, 2018 14:05:58

The US Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of gro...

IMF boosts bailout for crisis-hit Argentina

-- September 27, 2018 10:54:25

The International Monetary Fund has agreed to provide a bigger, faster bailout to Argentina than initially planned in an effort to restore market confidence in the country. The IMF plans to boost its...

Govt targets 36.4m MT rice production in FY19

-- September 26, 2018 19:49:30

The government has set a target of producing at 36.4 million metric tonnes of rice (MT) in the current fiscal with an emphasis on high yielding variety. Officials said the Department of Agricultural...

Dhaka, Delhi agree on CEPA deal

-- September 26, 2018 15:06:45

Dhaka and New Delhi have agreed to forge the comprehensive economic partnership agreement (CEPA) to boost trade ties between the two neighbouring countries. Commerce Minister Tofail Ahmed and his Ind...

Trade war dims Asia's 2019 growth outlook: ADB

-- September 26, 2018 14:39:55

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the ADB said on Wednesday. Tightenin...

ADB projects 7.5pc growth for FY19

-- September 26, 2018 13:31:56

The Asian Development Bank (ADB) has projected 7.5 per cent economic growth for Bangladesh for the current fiscal year, slightly below than the government’s estimate of 7.8 per cent. The growth...

Banks to offer single-digit rate soon: Muhith

FE Report September 26, 2018 10:45:04

Finance Minister A M A Muhith has expressed the hope that the private commercial banks (PCBs) will bring down their lending rate to single digit shortly. "I expect the banks will bring it down. So...

Private foreign borrowing now costlier than before

Jubair Hasan September 26, 2018 09:36:08

Amid impending risks, foreign borrowing by the country's private sector keeps rising, which in turn increases the external debt gradually. Bankers, beneficiaries and financial market analysts said th...

Australian cash deficit reaches $10.1b

-- September 25, 2018 15:20:42

Australia's cash deficit has reached 10.1 billion Australian dollars or 0.6 per cent of GDP, the lowest level in a decade, the government announced on Tuesday. The Final Budget Outcome for the 2017-1...

Experts warn on crony capitalism gripping country

FE Report September 25, 2018 09:57:58

Bangladesh is going through a 'crony capitalism' phase due to the growing nexus between certain political class and business class, experts said at a workshop in the capital on Monday. Such 'monopoli...

US wants to invest in telecom sector

-- September 24, 2018 19:47:50

The United States has expressed its interest to investment in telecommunication sector of Bangladesh. US envoy in Dhaka Marcia Bernicat conveyed the interest of her country during a meeting with Post...

Waning grant flow impacting budget financing

Jasim Uddin Haroon September 24, 2018 09:31:37

The availability of foreign grant has been declining over the past few years, putting the government's budget financing under pressure. Development partners now view that Bangladesh's gross national...

‘Bangladesh economy performing well’

-- September 23, 2018 16:31:37

Expecting another decade of vibrant economic activities, Finance Minister AMA Muhith today (Sunday) said Bangladesh’s economy has been performing well for the last 10 years. “We have mana...

Resource mobilisation biggest challenge to SDGs: Report

Mehdi Musharraf Bhuiyan September 23, 2018 09:51:46

Resource mobilisation remains the "biggest challenge" for the implementation of the UN's Sustainable Development Goals in Bangladesh, a forthcoming government report has cautioned. Traditional source...

China's civil aviation sector grows steadily in Jan-July

-- September 22, 2018 14:19:15

The civil aviation sector in China expanded at a steady rate in the first seven months of the current year, according to the Civil Aviation Administration of China. Total air transport turnover reach...