Loading...

Search results for: economy

Tainted money whitening offers have little effect

Doulot Akter Mala July 10, 2019 10:09:05

The existing black money whitening facility through voluntary disclosure of undisclosed income drew a poor response in the last three fiscal years (FYs), as only Tk 1.96 billion money was legalised in...

Bangladesh, Bhutan to finalise PTA to boost bilateral trade

-- July 09, 2019 20:59:58

Bangladesh and Bhutan are going to finalise the Preferential Trade Agreement (PTA) aiming to increase bilateral trade between the two countries. Outgoing Bhutanese Ambassador to Bangladesh Sonam Tobd...

ADP implementation increases in FY19

-- July 09, 2019 19:58:04

The implementation rate of the Annual Development Programme (ADP) in the last fiscal year (FY19) was 94.32 per cent with an overall expenditure of Taka 1.67 trillion. “This ADP execution in the...

Trade gap stands at $14.65b in July-May

FE Online Report July 09, 2019 16:48:36

Country’s merchandise trade deficit with the rest of the world stood at US$14.65 billion during the first 11 months of the past fiscal year (FY19). Central bank statistics, released this week,...

First ECNEC meeting of FY20 approves 13 projects

-- July 09, 2019 16:37:25

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 13 projects involving Taka 77.44 billion at its first meeting of the current fiscal year (FY 2019-20). The mee...

Malaysia central bank holds key rate at 3.0pc

-- July 09, 2019 15:34:39

Bank Negara Malaysia (BNM), the central bank of the country, kept its key interest rate at 3.0 per cent on Tuesday, as expected. The BNM kept the rate, expressing confidence that domestic demand...

Overseas jobs drop by 18pc

FE Report July 09, 2019 09:41:31

The country's overseas employment dropped by 18 per cent in the first six months of the current year following a reduction in recruitment by Middle Eastern nations, official data showed. A total of 3...

FY19 exports rise by 10.55pc, hit $40.53b

FE Report July 09, 2019 09:37:19

The country's export earnings reached an all-time high of US$ 40.53 billion in the just concluded fiscal year (FY), 2018-19, registering a 10.55 per cent growth over that of the previous fiscal, accor...

NBR to launch mobile app to prevent tax evasion

-- July 08, 2019 17:38:09

The National Board of Revenue (NBR) is going to launch a ‘mobile app’ for increasing the number of taxpayers and preventing tax evasion.  “We will make web-based software and a...

Loan rescheduling: SC extends stay on HC order

FE Online Desk July 08, 2019 14:48:53

The Supreme Court on Monday extended for two months its stay on a High Court order that halted a central bank circular providing loan defaulters with privileges. That means, the privileges that defau...

Non-merger of economic, admin cadres affects govt dev activities

FHM Humayan Kabir July 08, 2019 11:56:28

Development activities in the public sector are being hampered due to non-effectiveness of the government's order to merge administration and economic cadres of the Bangladesh Civil Service (BCS), ins...

Economists warn revenue shortfall may lead to debt trap

FE Report July 08, 2019 10:04:19

As the government spending is growing, failure in meeting the revenue targets could put Bangladesh into a debt trap, economists warned on Sunday. To avoid such unpleasant macroeconomic situation, the...

BB heist: APG pledges pressure on Manila to refund money

FE Report July 08, 2019 09:46:13

The Asia Pacific Group (APG) on money laundering has assured Bangladesh of ratcheting up pressure on the Philippines to return the heisted reserve money, officials said. The Group said had the Philip...

'Large-scale reform must to cut growing inequality'

FE Report July 07, 2019 12:50:26

Large-scale structural reform is urgently needed in income generation and distribution process to reduce growing inequality in the society, economists opined at an international conference in the capi...

Resilient Chinese economy eases anxieties brought by bleak world economic future

Global Times July 06, 2019 20:52:18

China's macroeconomy is at a critical stage as internal economic problems have emerged in the last two years. When we attempted to define the "new normal" of China's economy and chose the path to stru...

Turkey fires c bank governor, appoints deputy

-- July 06, 2019 12:25:16

Turkey on Saturday fired its central bank governor and replaced him with the bank’s deputy governor, a presidential decree published on the official gazette showed. Murat Cetinkaya, who had b...

Luxury at the cost of development

FHM Humayan Kabir July 06, 2019 12:05:42

Many government agencies are busy constructing luxury, multi-storied office buildings with billions of taka from the development budget overlooking the priority needs, analysts said on Friday. Deve...

Soaring NPL poses downside risk to growth momentum

Siddique Islam July 06, 2019 09:43:29

Rising non-performing loans (NPLs) and tight liquidity condition on the domestic front alongside external challenges are likely to pose downside risk to growth momentum, the central bank has said. Th...

'Salt farmers to get special protection for five years'

-- July 05, 2019 18:38:50

The government will provide special protection to the salt farmers for next five years to achieve self-sufficiency in salt production. Industries Minister Nurul Majid Mahmud Humayun and State Ministe...

Record gas price spike puts squeeze on BD garment makers

FE Online Desk July 05, 2019 16:28:18

Apparel makers such as Dhaka-based Ananta Group are powering Bangladesh's economic expansion, the fastest in Asia, but a record high gas price spike threatens to derail the industry's growth, accordin...

BD among four countries to win US-China trade war

-- July 05, 2019 12:48:52

Bangladesh, Vietnam, Taiwan and South Korea are victors in the US-China trade war, according to a CNN report. Americans are buying less from China. But rather than leaning on US producers, they're av...

India unveils budget for FY 2019-20

-- July 05, 2019 12:43:23

India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in...

Tax collection faces headwinds in FY 2019

FE Report July 05, 2019 09:27:01

Tax collection faced a Tk 600 billion shortfall in the just-concluded fiscal year (FY) against the revised target, lowest in five years. The National Board of Revenue (NBR) mobilised Tk 2.22 trillion...

Australia faces 161b USD infra funding shortfall

-- July 04, 2019 15:14:11

Australia is facing a major shortfall in funding for critical infrastructure, according to a report from the Group of 20 (G20). The report found that Australia has to spend an extra 230 billion Austr...

Private sector credit growth rebounds in Ramadan

FE Report July 04, 2019 10:47:47

The private sector credit growth bounced back in May, following higher trade financing due to the holy month of Ramadan, after maintaining a falling trend in the previous seven consecutive months,...

EU-Vietnam FTA to hit BD trade hard

FHM Humayan Kabir July 04, 2019 09:27:49

Bangladesh is likely to face a severe blow to its foreign trade, as its competitor country Vietnam signed a free-trade agreement (FTA) with the European Union (EU) on Sunday, analysts said on Tuesday....

Bangladesh one of great success stories in world: US envoy

-- July 03, 2019 20:47:29

US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the great development success stories in the world. "I'm proud of w...

No VAT on sanitary napkin, NBR clarifies

-- July 03, 2019 19:52:05

The National Board of Revenue (NBR) on Wednesday said that the government has not imposed value added tax (VAT) on sanitary napkin in the national budget for the fiscal 2019-20. The central authority...

Move to improve living standard of 4.0m people in Dhaka

-- July 03, 2019 18:33:03

The United Nations Development Programme's (UNDP) in collaboration with the government of Bangladesh has launched a six-year project for improving the living standard of the capital's 4.0 million pove...

Euro zone business growth slow in June

-- July 03, 2019 16:01:01

Euro zone business activity picked up slightly in June but remained weak as a modest but broad-based upturn in the services industry offset a continued deep downturn in factory output, a survey showed...