Search results for: economy

Copper hits six-week high

-- September 21, 2018 18:27:25

Copper prices on Friday were on track for their biggest weekly rise since early June as investors calculated that a trade dispute between the United States and China could cause less damage than feare...

Access to China post ends Nepal’s dependence on India

-- September 21, 2018 17:51:37

KATHMANDU, Sept 21: China has granted Nepal access to its land and seaports, top officials of the two countries announced earlier this month, ending the landlocked Himalayan nation's dependence on Ind...

KSA to join China-Pakistan project

-- September 21, 2018 16:24:11

Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Pakistan Pr...

India gets $25-30b WB’s support for transition to high-middle income nation

-- September 21, 2018 16:15:11

A day after Indian Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board Friday endorsed an ambitious five-year Country Partnership Framework (CPF) fo...

Govt may increase gas prices next week

-- September 21, 2018 15:53:53

Government is all set to hike gas prices next week.   However, residential and commercial consumers will be spared from paying higher prices, according to a report by UNB.   The upward...

French second-quarter GDP grows 0.2pc

-- September 21, 2018 15:17:23

The French economy grew 0.2 per cent in the second-quarter (Q2), unchanged from a previous estimate and the same rate as that seen in the first quarter, official data showed on Friday. The world's...

Dollar struggles near 2-1/2-month lows, yen slips

-- September 21, 2018 14:11:36

The dollar struggled near 2-1/2 month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-US trade conflict would not lead to an...

Euro zone consumer confidence falls in September

-- September 21, 2018 13:27:38

Euro zone consumer confidence fell in September by more than expected, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer morale in September...

Dhaka sounds positive as Delhi pushes for CEPA

FE Report September 21, 2018 11:51:46

India is pressing Bangladesh to sign a comprehensive economic partnership agreement (CEPA) covering various aspects of economic relations, officials said. The neighbouring economic giant first raised...

Economists for environ fiscal reform

FE Report September 21, 2018 11:02:13

A group of economists suggested on Thursday the government conduct 'environmental fiscal reforms' to ensure 'green growth' in Bangladesh. They also called for imposing environmental taxes to raise...

Exports to China fall

FE Report September 21, 2018 10:43:03

Absence of direct marketing, limited exportables and language are major barriers to the rise of exports to China, traders and exporters said. They alleged that factors such as poor negotiating skills...

Free-of-cost remittance service likely: Muhith

FE Report September 21, 2018 10:29:40

The government is considering introducing a system so that the expatriates can remit their money free of cost, Finance Minister AMA Muhith said on Thursday. "We are actively considering the proposal...

Re-gasified LNG supply declines as vessel from Qatar fails to dock

FE Report September 21, 2018 09:31:35

RasGas's second LNG-carrying vessel has been struggling to dock with Moheshkhali's floating LNG (liquefied natural gas) import terminal in the Bay of Bengal over the past couple days due to rough sea,...

Budget execution lowest in four yrs

FE Report September 21, 2018 09:20:54

The budget implementation rate has fallen to its lowest level in four years in 2017-18 fiscal year, signifying the poor capacity of the public agencies. According to a preliminary estimate, the rate...

US-China trade war bad for economy: Poll

-- September 20, 2018 12:12:13

The US economy will expand at a robust pace in coming quarters but slow to 2 per cent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with...

$110m more ADB loan for urban health services

-- September 19, 2018 13:50:15

The Asian Development Bank (ADB) has approved an additional loan financing of $110 million for a project to improve urban primary healthcare services in Bangladesh through PPPs. "ADB's support to the...

China to invest $14.6b to develop digital economy

-- September 19, 2018 12:42:26

China will invest 14.6 billion US dollars (about 100 billion yuan) for developing the digital economy in the next five years, the Cyberspace Administration of China (CAC) said. The investments will...

China to penalise $60b of US imports

-- September 19, 2018 10:50:06

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of US products to its import tariff list in retaliation for President Donald Trump’s planne...

Devise ‘mechanism’ to make best use of climate fund

FE Report September 19, 2018 10:05:11

Experts at a dialogue have laid emphasis on transparency, accountability and government mechanism to help ensure best use of climate change resilience fund. They also called for ensuring data openn...

Move underway to revise STP again

Munima Sultana September 19, 2018 09:35:52

A move has been taken to revise the city transport sector's plan for the second time. Sources said the Dhaka Transport Coordination Authority (DTCA) has already requested the Asian Development Bank (...

Per capita income rises to $1,751

FE Online Report September 18, 2018 18:58:46

The per capita income rose to $1,751 in the last fiscal year 2017-18 (FY18) from $1,610 in the FY17. The rise in per head Gross National Income (GNI) in FY18 is 8.80 per cent higher than that of FY17...

GDP growth hits 7.86pc, exceeding expectations

FE Online Report September 18, 2018 16:40:25

Bangladesh economy has attained a stirring 7.86 per cent growth in the last fiscal year 2017-18 (FY18), driven by the expansion of industrial and agricultural sectors, government data showed Tuesday....

Japan land prices post 1st rise in 27 years

-- September 18, 2018 14:51:05

The average land prices of Japan has rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, according to a governme...

Imports witness 16pc growth in July

Siddique Islam September 18, 2018 09:25:21

A whopping 274 per cent rise in fuel oil import enhanced country's overall imports growth by nearly 16 per cent or US$ 640.40 million in July, officials said. The settlement of letters of credit (L...

BD needs assistance from IFC in bigger way: Muhith

-- September 17, 2018 21:32:35

Finance Minister Abul Maal Abdul Muhith has said Bangladesh needs assistance from the International Finance Corporation (IFC) in bigger way. The minister also sought cooperation of IFC to increase th...

UK faces worse outlook if no Brexit deal: IMF

-- September 17, 2018 15:28:46

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union (EU) next year without a deal than if it reaches a Brexit agreement, IMF said...

Job creation, fiscal stability to be hurdles

FE Report September 17, 2018 10:43:39

Creating enough jobs, improving investment climate and ensuring financial stability would be major challenges for Bangladesh to meet her post-LDC (least developing country) requirements, opined econ...

Expert suggests Ctg port takeover by int'l operators

FE Report September 17, 2018 09:41:20

The management of the country's main sea port Chittagong should be handed over to an international port management entity to increase its efficiency, an international expert has said. Similar approac...

India finance minister says govt confident of meeting fiscal deficit target

-- September 16, 2018 15:42:54

Finance Minister Arun Jaitley said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 per cent of gross domestic product in the current fiscal year, a day after o...

Urban pollution costs BD $6.5 billion every year: WB report

FE Report September 16, 2018 13:27:46

Bangladesh loses about $6.5 billion due to pollution and environmental degradation in urban areas every year, according to a World Bank report. This amount is equivalent to 3.4 per cent of the countr...