Search results for: economy

Inflation slightly eases to 5.37pc in November

-- December 04, 2018 17:54:31

The general point to point inflation rate in November last further eased to 5.37 percentage point from the previous month due to the slight decrease in non-food inflation. “The general point to...

Italy must reduce debt: Euro zone FinMin

-- December 04, 2018 13:27:37

Euro zone finance ministers has said that Italy’s draft 2019 budget was breaking European Union rules and they agreed with the European Commission that Rome should amend it. Italy, which alre...

Forex reserves slide to about $31b in Nov

-- December 04, 2018 13:11:13

Bangladesh's foreign exchange reserves reached about 31 billion US dollars by the end of November, central bank data has showed. Bangladesh Bank (BB) data showed the country's foreign exchange rese...

Salaried people lead income tax return submission

Doulot Akter Mala December 04, 2018 09:28:47

Income tax return submission by individual taxpayers posted a 14 per cent rise this year, mostly contributed by salaried taxpayers. Until Sunday, tax offices received some 1.7 million tax returns and...

China factory activity grows slightly in Nov

-- December 03, 2018 15:19:56

The factory activity of China grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-US trade fr...

Remittance drops in November

FE Report December 03, 2018 09:36:01

The flow of inward remittance fell slightly in November over that of the previous month despite the depreciating mode of taka against dollar in recent months. The money sent home by Bangladeshis work...

Explore benefits of economic graduation, PM urges exporters

-- December 02, 2018 17:01:19

Prime Minister Sheikh Hasina has urged the business community to explore the export and other business opportunities in the global market following country’s graduation as a developing country f...

IMF chief urges G20 members to 'fix trade'

Xinhua December 02, 2018 15:50:49

International Monetary Fund (IMF) chief Christine Lagarde has said that there is "an urgent need" to de-escalate trade tensions, reverse recent tariff increases, and modernise the rules-based multilat...

NBR to review fiscal incentives offered to API industries

Doulot Akter Mala December 02, 2018 09:54:57

Six months after the publication of the 'National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy by the Ministry of Commerce, the National Board of Revenu...

Prices of most China's production goods decline

-- December 01, 2018 11:29:24

China's official data showed most production goods monitored by the government posted lower prices in the middle 10 days of November compared with the previous 10 days. Of the 50 major goods monitore...

No liquidity shortage in banking sector: BB governor

FE Report December 01, 2018 09:57:00

Bangladesh Bank (BB) Governor Fazle Kabir has said the banking industry is now on stable footing as there is no liquidity shortage in this sector at this moment. "The banking industry in Bangladesh...

Delhi meeting to review progress in LoC projects

FHM Humayan Kabir December 01, 2018 09:43:13

Dhaka and Delhi are going to review again the progress in execution of projects under the Indian Lines of Credit (LoCs) this month in New Delhi, officials have said. The officials on Friday said a Ba...

'Number of tax return submission increases by 40pc'

-- November 30, 2018 16:36:46

The number of tax return submission has increased by 40 per cent in the past two years, said Sirajul Islam, acting chairman National Board of Revenue (NBR). He gave the information while addressing a...

Brexit deal good for global economy, Theresa May to tell G20

-- November 30, 2018 13:57:03

British Prime Minister Theresa May will tell world leaders at Group-20 summit that the Brexit agreement she has reached with the European Union will have positive consequences for the global economy....

South Korea raises interest rate to 1.75pc

-- November 30, 2018 13:40:19

South Korea's central bank has raised the benchmark interest rate for the first time in 12 months as the bank was pressured to hike borrowing costs amid the massive household debts. Bank of Korea (BO...

Singapore's labour market improves in 2018

-- November 30, 2018 13:32:33

Singapore's labour market improved from June 2017 to June 2018 as economic activities picked up, according to an annual report issued by the Ministry of Manpower on Thursday. The Labour Force in Sing...

Dec net bank borrowing target likely to be Tk 22b

Siddique Islam November 30, 2018 09:50:29

The government is set to fix the net bank borrowing target at Tk 22 billion for December to finance budget deficit partly ahead of the general election, officials said. It may take up to Tk 136 billi...

Japan retail sales rise 3.5pc in October

-- November 29, 2018 13:15:40

Japan’s retail sales grew 3.5 per cent in October, fastest in 10 months, from a year earlier as consumers shelled out more on fuel, cars, medicines and cosmetics. Japanese policymakers are coun...

No-deal Brexit could trigger UK recession, warns BoE

BBC November 29, 2018 11:44:59

A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8 per cent in the immedi...

Armed Forces Income Tax Fair begins

-- November 28, 2018 20:53:24

A two-day ‘Armed Forces Income Tax Fair-2018′ started at Sena Malancha convention hall in Dhaka on Wednesday with an aim to facilitate tax services to the armed forces’ members. Tax...

Revenue collection witnesses 15.16pc growth in six years

-- November 28, 2018 16:13:25

The National Board of Revenue (NBR) has seen a significant growth in its revenue collection in the last six years resulting in helping the government take some mega projects like Padma Bridge one with...

S Korea's bank loan rate to households rises

-- November 28, 2018 14:50:23

South Korea's bank loan rate to households rose last month on the expected policy rate hike, the Bank of Korea (BOK) data showed Wednesday. According to the central bank, the annualised rate for fr...

Govt bonds’ yields rise notably

Siddique Islam November 28, 2018 10:53:48

Yields on the government treasury bonds (T-bonds) increased significantly on Tuesday, as the banks were reluctant to invest their funds in the long-term securities ahead of the national polls. The...

Muhith blasts NBR for offering tax exemptions on large scale

FE Report November 28, 2018 09:31:11

Finance Minister AMA Muhith slammed the National Board of Revenue (NBR) for offering tax exemptions on a large scale. "The NBR might be called a jungle of tax exemption for providing too much of such...

$50m ADB loan for microenterprise dev in BD

-- November 27, 2018 20:47:08

The Asian Development Bank (ADB) has approved $50 million loan to promote microenterprise development in Bangladesh. The ADB approved the loan through a credit line to Palli Karma Sahayak Foundatio...

French consumer confidence falls to record low

-- November 27, 2018 19:12:48

French consumer confidence fell record low in November, lowest level since February 2015, according to data from the official statistics agency INSEE. The November reading for consumer confidence of...

China keen to invest in Hi-Tech park industry

-- November 27, 2018 17:44:03

Chinese companies have shown interest in investing in the high-tech park industry of Bangladesh as investment-friendly atmosphere is prevailing in recent time over the country, reports BSS. About 3...

Vietnam's energy sector needs $150b boost by 2030: WB

-- November 27, 2018 17:21:49

Power-hungry Vietnam needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam, one of the fastest-growing economic country of Asia, has be...

PD banks for six-month tenure auction calendar

Siddique Islam November 27, 2018 14:29:55

The primary dealer (PD) banks have sought introduction of a six-month tenure auction calendar instead of the existing single-month one to manage fund efficiently. The appeal was made at a review meet...

Kuwait issues guidelines for fintech

-- November 26, 2018 19:59:02

Kuwait’s central bank has issued regulatory guidelines for companies wishing to experiment with new financial technology products and services, it said on Monday. Kuwait’s regulatory test...