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Search results for: economy

WB forecasts 7.3pc growth

FE Report April 05, 2019 09:48:26

World Bank Acting Country Director Robert J. Saum presenting Bangladesh Development Update 2019 in the city on Thursday — FE photo The World Bank (WB) forecast on Thursday a conservative 7.3 pe...

India’s central bank cuts lending rate to 6.0pc

-- April 04, 2019 16:45:00

India’s central bank has lowered its key interest rate by a quarter of a percentage point to 6.0 per cent to strengthen domestic growth ahead of a national election next week. The interest rate...

BD among top five growing economies: WB

-- April 04, 2019 13:41:04

The World Bank in a report has put Bangladesh among the five fastest growing economies in the world. The outlook was reflected in the report titled ‘The Bangladesh Development Update April 2019...

PM opens work on 24 economic zones

-- April 03, 2019 13:02:53

Prime Minister Sheikh Hasina inaugurated and laid foundation stones of 65 uplift schemes including 24 economic zones on Wednesday. She opened and laid foundation stones of the development projects by...

Trade war, Brexit could slow developing Asia's growth: ADB

Reuters April 03, 2019 10:40:03

Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a b...

Significant drop in pvt sector credit growth in Feb

Siddique Islam April 03, 2019 10:19:43

The private-sector credit growth dropped significantly in February as some banks, particularly private ones, faced liquidity pressure due mainly to unavailability of deposits, bankers said. Credit gr...

DCCI proposes business friendly tax system for 8.5pc GDP

FE Online Report April 02, 2019 21:37:32

DCCI President Osama Taseer urged for easy and business friendly taxation system, automation of tax system and investment friendly environment to attain 8.5 per cent GDP. The DCCI president made the...

'World merchandise trade volume growth to fall to 2.6pc'

FE Online Report April 02, 2019 20:21:16

World merchandise trade volume growth is set to fall to 2.6 per cent in the current year, down from 3.0 per cent in the past year, according to the latest forecast of the World Trade Organisation (WTO...

Govt not to allow distortion, mismanagement in economy

-- April 02, 2019 19:32:38

Finance Minister AHM Mustafa Kamal has said that the government would never allow any sort of distortion and mismanagement in the economic arena.  “I want to run everything in a proper and...

India's factory growth hits record low in March

-- April 02, 2019 14:18:56

Growth in India’s manufacturing industry slowed to a six-month low in March as orders and output expanded at a weaker rate. However, overall factory activity of the seventh-largest economy of t...

Problem projects threaten $2.0b WB loans

FHM Humayan Kabir April 02, 2019 09:08:56

The World Bank (WB) has warned that it will reconsider financing projects worth US$ 2.0 billion unless the authority expedites implementation of the projects , officials said Monday. The global lende...

'BD needs comprehensive e-commerce strategy'

-- April 01, 2019 21:06:35

Bangladesh has laid an 'essential foundation' for a technology-driven and skill-based digital economy but it still needs a comprehensive e-commerce strategy and improved delivery logistics, says a rep...

Meeting on draft of ADR guidelines held

FE Online Report April 01, 2019 18:22:12

The third tripartite review meeting of Bangladesh Bank (BB), Association of Bankers Bangladesh (ABB) and Bangladesh International Arbitration Centre (BIAC) on the draft of ADR guidelines to resolve co...

China to build 6-8 reactors a year to meet 2030 goals

-- April 01, 2019 13:34:23

China will be able to build six to eight nuclear reactors a year once the approval process gets back to normal in the near future, the chairman of the state-owned China National Nuclear Corporation to...

Akhaura-Sylhet dual-gauge project: 57 vehicles, fuel to eat up most budget!

FHM Humayan Kabir March 31, 2019 09:38:49

The Bangladesh Railway (BR) would purchase 57 vehicles for a bloated Tk 157.05-billion project undertaken to convert a metre-gauge line into a dual-gauge one. It has also proposed to spend Tk 4.72 bi...

300,000 job prospects in 28 hi-tech parks

-- March 30, 2019 20:09:03

Over 300,000 youths both boys and girls will get jobs within next couple of years in 28 hi-tech parks now being constructed outside the capital. Posts, Telecommunications and Information and Communic...

Vietnam's garment export rises 13.3pc in Q1

-- March 30, 2019 11:23:09

Vietnam reaped roughly 7.3 billion US dollars from exporting garments and textiles in the first quarter of this year, up 13.3 per cent on-year, according to the country's Ministry of Industry and Trad...

Cash-strapped Pakistan likely to secure IMF bailout

-- March 29, 2019 18:35:53

Cash-strapped Pakistan is likely to secure a bailout package between USD 6 billion and USD 12 billion from the IMF by the middle of May after the two sides significantly bridged the "gap" on the terms...

Philippines, Malaysia, Indonesia to form group to tackle palm oil dumping

-- March 28, 2019 21:19:50

MANILA, Mar 28 (Reuters): The Philippines said on Thursday it would form a "technical working group" with Malaysia and Indonesia to address its concern over alleged smuggling and dumping of palm oil t...

China's economy steady and positive: Premier Li

-- March 28, 2019 15:49:20

China's economy has been operating steadily since the beginning of the year, with positive changes emerging and market expectations being markedly improved, Chinese Premier Li Keqiang has said. Li ma...

S Korea likely to miss renewable energy target

-- March 27, 2019 13:13:24

South Korea is likely to miss its 2030 renewable energy target even though the country’s renewables capacity is expected to triple from 2019, consultants Wood Mackenzie has said. South Korea, t...

'US auto sales seen falling in March’

-- March 26, 2019 20:04:54

US auto sales are expected to drop about 2.1 per cent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants JD Power and...

'BD to become poverty-free country by 2030'

-- March 26, 2019 16:20:55

Bangladesh will become a 100 per cent poverty and hunger-free country by 2030 as various poverty alleviation programmes are being implemented across the country. Finance Minister AHM Mustafa Kamal ma...

Japan, Nepal sign g-to-g labour pact

-- March 26, 2019 16:04:42

  KATHMANDU: Nepal has signed a memorandum of cooperation to send to Japan “specified skilled” workers for the first time, according to a report by www.japantimes.co.jp. The broad f...

Pakistan PM hints at finding massive oil reserves

-- March 26, 2019 15:09:24

DUBAI: Pakistan Prime Minister Imran Khan has hinted at finding ‘massive’ oil reserves in recent off-shore drilling off the coast of Karachi. “Pakistan will not need to import oil a...

Uber buys rival Careem in $3.1b deal to dominate ride-hailing in ME

-- March 26, 2019 14:11:41

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East (ME) rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public of...

Third Nepal-Bangladesh Business Forum in Kathmandu Thursday

-- March 26, 2019 13:33:36

  The third episode of the Nepal-Bangladesh Business Forum (NBBF) is going to be held in Kathmandu Thursday to promote and strengthen bilateral economic cooperation. It is a joint initiative of...

Climate migration crisis escalating in Bangladesh

-- March 26, 2019 13:26:59

Climate disruption is forcing entire communities from their homes across the globe, and perhaps no population is more imperiled than the people of Bangladesh, according to a report by www.pri.org. &l...

Double-digit growth in four years: Kamal

FE Report March 26, 2019 09:54:07

Finance Minister A H M Mustafa Kamal foresees a double-digit gross domestic product (GDP) growth for the country in the next four years. "In four years we will reach the auspicious stage," the minist...

‘Honest loan defaulters to get special scheme to pay off debt'

-- March 25, 2019 18:30:07

Finance Minister AHM Mustafa Kamal has said the government has unveiled a new proposition to allow ‘honest loan defaulters’ to pay off their debts. "Those who are unable to pay, but can g...