Search results for: economy

3.8m tax returns submitted this year: Muhith

-- November 26, 2018 19:42:05

Finance Minister Abul Maal Abdul Muhith has said around 3.8 million tax returns were submitted this year. The minister gave the information on Monday while submitting his tax return through online at...

Japan’s factory activity slows to 51.8 in Nov

-- November 26, 2018 13:33:25

The Nikkei Flash Japan Purchasing Managers' Index (PMI) fell to a seasonally adjusted 51.8 in November from a final 52.9 in October, slowest pace in two years, a preliminary survey showed. The manu...

BB asks NBFIs to provide info about poll candidates

FE Report November 26, 2018 10:25:05

The central bank has asked non-banking financial institutions (NBFIs) to share information about default loans of the aspirants of the national elections, if any, with the returning officials. The...

FM expects ‘breakthrough’ in blue economy

-- November 25, 2018 14:02:21

Bangladesh can expect a 'breakthrough' in the field of blue economy through developing its capacity, said Foreign Minister. Foreign Minister AH Mahmood Ali told it to reporters at Sonargaon Hotel aft...

Experts see China economy slowing down in 2019

Reuters November 25, 2018 13:30:50

China’s economic growth is expected to hit 6.6 per cent this year and slow to 6.3 per cent in 2019 as the country struggles with challenges relating to trade and structural reform, economists fr...

Govt to seek $ 1.0b funds from ADB, China

FHM Humayan Kabir November 25, 2018 10:00:31

The government will seek nearly US$ 1.0 billion funds from the Asian Development Bank (ADB) and China to upgrade Faridpur-Barisal-Kuakata highways into four-lane, officials said on Saturday. They sai...

Atiur proposes fund for innovation, research

-- November 24, 2018 21:18:28

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while...

NBR to receive individual tax returns until December 2

-- November 24, 2018 19:26:50

The National Board of Revenue (NBR) will receive individual tax returns until December 2 as the last date of submission, November 30, is a weekly holiday. NBR Member (income tax admin) Zia Uddin Maho...

'Seaweed farming should be brought under purview of fisheries ministry'

-- November 24, 2018 17:12:22

Speakers at a discussion have urged authorities concerned to bring cultivation of seaweeds under the purview of the Ministry of Fisheries from the Ministry of Agriculture. They also underscored the n...

Dhaka likely to get $2.0b in add’l fund under IDA-18

FHM Humayan Kabir November 24, 2018 10:06:20

Bangladesh is likely to get nearly US$ 2.0 billion additional assistance from the World Bank (WB), as the latter has decided to divert unutilised funds from other member states to the country, officia...

Lower ins coverage poses major risk for economy

Mehdi Musharraf Bhuiyan November 24, 2018 10:02:11

The insurance gap in Bangladesh relative to its GDP is the highest in the world, which poses a major economic risk for the country in case of a catastrophe, warns a global report of Lloyd's. Affordab...

Banks' surplus liquidity falls ahead of nat'l polls

Siddique Islam November 24, 2018 09:35:57

The excess liquidity in banks dropped by nearly 15 per cent or Tk 140 billion in September mainly due to higher growth of currency outside banking system before the national elections. Officials said...

BB seeks info on classified loans of election aspirants

FE Report November 23, 2018 15:30:27

The central bank has asked the commercial banks to provide information on classified loans of the aspirants of the upcoming national election to the returning officials concerned. "We've taken the me...

NBR taskforce to include BIDA, police, NSI officials

Doulot Akter Mala November 23, 2018 09:50:34

The tax authority will join hands with the law-enforcing agencies and investment promotion authority to find out illegal foreign residents working in the country to ensure proper tax collection from t...

BD needs to apply anew for Chinese buyer's credit

Munima Sultana November 23, 2018 09:40:51

Dhaka needs to apply anew for Chinese loans for the projects, deals on which were signed during Xi Jinping's visit to Dhaka in 2016, to match his government's new lending policy. China has reformed i...

Foreign tourists visiting S Korea rise 31pc in Oct

-- November 22, 2018 14:51:55

Foreign tourists visiting South Korea jumped in October as Chinese and Japanese visitors travelled to the country during the autumn holiday period, tourism agency data showed Thursday. The number of...

Germany pledges to give €285.3m for dev

-- November 22, 2018 13:35:54

Germany has pledged to give €285.3 million for development in Bangladesh, reaching the overall amount to €3 billion since 1972. The European country also announced €29 million assis...

Singapore’s economy grows 3pc in Q3

-- November 22, 2018 12:10:32

Singapore's economy grew by 3.0 per cent in the third quarter, expanded at a much slower pace than initially thought, from the previous three months on an annualised and seasonally adjusted basis....

Greece predicts 2.5pc GDP growth for 2019

-- November 21, 2018 20:35:40

Greece has projected its economy would grow by 2.5 per cent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vett...

NBR collects Tk 170m in income tax in M’singh

-- November 21, 2018 18:00:51

The National Board of Revenue (NBR) has collected over Tk 170 million income taxes in the Tax Fair in Mymensingh. Zonal Taxes Commissioner, Mymensingh Abul Mansur said a total of 21,222 tax payers...

China has failed to alter 'unfair, unreasonable' trade practices: US

Reuters November 21, 2018 15:29:09

WASHINGTON: The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high...

Myanmar tops LDCs' FDI league, Bangladesh fifth

-- November 21, 2018 13:51:55

JAKARTA : Myanmar attracted the most foreign direct investment of any of the world's so-called "least developed countries" in 2017, even as the nation's reputation plummeted over its forced expulsion...

Kenya beats India in world tea market so far

-- November 21, 2018 12:08:50

Record tea crop in Kenya has given a tough competition to Indian tea in the global markets in the second half of the year. Indian tea has failed to maintain higher prices in the world market as Kenya...

IMF delays Sri Lanka's loan discussion on political crisis

-- November 21, 2018 11:52:49

COLOMBO: The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis. The IMF has disbursed o...

Attainment of SDGs: Experts for South Asia cooperation framework

FE Report November 21, 2018 10:38:47

The countries in South Asia need to develop an effective regional cooperation framework to accelerate the process of Sustainable Development Goals (SDGs) achievement, experts said at an international...

BIMSTEC sets 2019 deadline to make FTA operational

Mir Mostafizur Rahaman November 21, 2018 09:57:19

The BIMSTEC [Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation] has set 2019 as a deadline to make FTA [free trade agreement] operational. Sources said member countries o...

'Existing tax system creates burden on low-income people'

FE Online Report November 20, 2018 18:45:51

The existing tax system has created burden on common people as low-income and high-income people pay value added tax (VAT) at similar rate to buy a product. Speakers came up with the statement at Cit...

Deposits with agent banking increase by 28pc

-- November 20, 2018 18:07:42

Deposit collection through the agent banking increased by 28 per cent or Tk 5.4672 billion in July to September quarter compared to the previous quarter of April to June in 2018. According to the qua...

Nissan shares slump after Ghosn's arrest

Reuters November 20, 2018 14:00:58

Nissan Motor Co’s shares fell more than 6 percent on Tuesday as Chairman Carlos Ghosn’s arrest a day earlier sent shockwaves through the business world and threw into doubt the future of J...

French jobless rate steady in third quarter

-- November 20, 2018 13:08:06

France’s jobless rate held steady in the third quarter (Q3) despite recent employment gains, according to data published by the INSEE national statistics office. The INSEE said that the unemplo...