Search results for: economy

France reduces 2019 growth target

-- March 20, 2019 11:03:05

France has reduced its economic growth target for this year to 1.4 per cent from 1.7 per cent after the "Yellow Vest" protest movement severely impacted the country's economy. "What's obvious is that...

Govt revises down ADP to Tk 1.65tn

FE Report March 20, 2019 10:28:15

The government revised the Annual Development Programme (ADP) on Tuesday, trimming the fund allocation by 4.62 per cent to Tk 1.65 trillion. In the revised ADP, the transport sector has got top pri...

Budget to focus on education, infrastructure, urbanisation

FE Report March 20, 2019 09:24:36

Education, infrastructure development and planned urbanisation of villages will receive priority of the government in the budget for the next fiscal year (FY), 2019-20, Finance Minister A H M Mustafa...

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

-- March 19, 2019 15:50:55

Finance Minister AHM Mustafa Kamal on Tuesday hoped that the country’s GDP growth will reach 8.13 per cent in the ongoing fiscal year (2018-19). "The GDP growth rate will hit 8.13 per cent at t...

Malaysia's Feb CPI seen falling 0.3pc y/y: Reuters poll

-- March 19, 2019 12:47:54

Malaysia’s consumer prices are expected to fall again in February, but at a slower rate than the previous month, a Reuters poll showed on Tuesday. The consumer price index (CPI) in February was...

6FYP misses export, import targets

FE Report March 19, 2019 09:18:30

Bangladesh needs to boost its allocation in education and health sector, otherwise the country may face disparity in these areas in the near future, experts warned at a meeting on Monday. At the same...

Trade conflicts damaging world economy, German minister says

-- March 18, 2019 18:43:31

German Finance Minister Olaf Scholz has said trade conflicts are damaging the global economy and Europe must speak with united voice to maximise its bargaining power. He came up with the remarks in a...

Japan logs goods trade surplus of $3.03b in Feb

-- March 18, 2019 12:01:19

Japan logged a goods trade surplus in February, the government said on Monday in a preliminary report. According to the Finance Ministry, the surplus in January stood at 339.0 billion yen (3.03 billi...

No more 'unfavourable' foreign aid

FE Report March 17, 2019 09:49:02

State minister for foreign affairs M Shahriar Alam said Bangladesh prefers trade partnership to overseas assistance as the country has decided to scale down its aid dependence. "We want to reduce our...

BB 'needs to be bold' in handling banking sector volatility

FE Report March 17, 2019 09:32:31

The central bank authorities need to be more bold and should not kowtow to any external pressure to tackle the current banking sector volatility in the country, former Bangladesh Bank (BB) Governor Dr...

BD-China trade to hit $18b mark in two years

FE Online Report March 16, 2019 19:25:34

Bilateral trade between Bangladesh and China, which accounted to $12.40 billion in 2017-18, is expected to hit $18 billion mark by 2021, according to economists. President of Dhaka Chamber of Commer...

Philippines BOP position posts higher in 2018

-- March 16, 2019 12:36:46

The Philippines' balance of payments (BOP) position for full-year 2018 posted a deficit of 2.3 billion US dollars, "significantly higher" than the $863 million deficit recorded a year ago, the BSP has...

Trump’s trade war cost US economy $7.8b in 2018: Study

-- March 16, 2019 11:04:45

President Donald Trump’s trade battles cost the US economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this we...

Banks' consumer lending growth defies BB order

Jasim Uddin Haroon March 16, 2019 10:16:16

Leading commercial banks provide consumer finance that surpasses the growth rate of banks' total lending violating the central bank instruction, according to an investigation. In 2017, the Bangladesh...

Go for FTA deals with Europe, China

Mehdi Musharraf Bhuiyan March 16, 2019 10:12:19

Bangladesh should move to ink free trade agreements with its major partners including China to cope with the possible loss of trade preferences in the post-LDC era, says a new UN report. The power-ba...

Not even dollar is immune to hyperinflation in Venezuela

-- March 15, 2019 18:39:13

In San Antonio del Tachira, like scores of Venezuelan towns near the border with Colombia, if you want to buy food or medicine it is no use amassing huge piles of bolivar currency. You need Colombian...

BD seeks greater int’l support to achieve SDGs

-- March 15, 2019 14:32:03

Bangladesh has sought greater support from the international community to help it achieve Sustainable Development Goals (SDGs), including those related to women and girls. "We reiterate our commitmen...

Making city hazard map is a challenge: JICA official

FE Report March 15, 2019 11:12:04

The challenge for future development of Dhaka city will be risk communication, a JICA official told a workshop on Thursday. Risk communication refers to the exchange of information between the gov...

BOJ keeps monetary policy steady

-- March 15, 2019 11:00:27

The BOJ has kept monetary policy steady and offered a bleaker assessment of exports and output, nodding to heightening overseas risks that could threaten to derail a fragile economic recovery. The Ba...

‘Blue economy’ key to achieving double digit growth: Minister

-- March 14, 2019 20:29:22

State Minister for Shipping Khalid Mahmud Chowdhury said that by establishing a “blue economy” the country would achieve double digit growth by 2025. “The government is working on u...

Trump says in no rush to complete China trade deal

-- March 14, 2019 12:58:59

US President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal would include protection for intellectual property, a major sticking point...

China industrial output growth falls to record low

-- March 14, 2019 12:07:17

China's January-February industrial output slipped to a 17-year low, but investment picked up pace during the period as the government boosted road and rail projects in a bid to avert a slowdown. Chi...

'BD, India to be key regional economic actors over decade'

FE Report March 14, 2019 10:41:16

Building a pluralistic and liberal democratic society is a common challenge for both Bangladesh and India, a visiting Indian researcher said on Wednesday. Both the countries are facing the risks of e...

'RCBC lawsuit not a setback to stolen money recovery'

-- March 13, 2019 16:57:35

Bangladesh Bank Governor Fazle Kabir has said the defamation lawsuit filed by Philippines’ Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank is not a setback to the efforts to recover...

BD poised to emerge as 30th largest economy: MIGA VP

-- March 13, 2019 12:22:09

Bangladesh is poised to emerge as the world's 30th largest economy over the next few years with a trillion-dollar GDP, a top official of Multilateral Investment Guarantee Agency (MIGA) said Wednesday....

'Bangladesh now out of Sino-Indian shadow'

FE Report March 13, 2019 09:43:51

Lauding Bangladesh's tremendous economic progress, the US ambassador in Dhaka said on Tuesday it has come out of the shadow of both China and India. The South Asian nation is playing a bigger role in...

BD assigns lawyer to deal with case in Manila

Siddique Islam March 13, 2019 09:26:02

Bangladesh has assigned a lawyer to look into all legal issues including a defamation suit filed by the Manila-based Rizal Commercial Banking Corporation (RCBC) recently against the country's central...

Nakshipalli project, five others get ECNEC nod

-- March 12, 2019 19:29:17

The government has decided to initiate a project with the aim to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. To this end, the Executive Committee of National Economi...

RCBC sues BB over reserve heist claim

-- March 12, 2019 13:49:34

A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heis...

BOP posts $975m deficit in seven months

FE Report March 12, 2019 09:38:08

The country's overall balance of payments (BOP) registered a $975-million deficit during the July-January period of fiscal year (FY) 2018-19. The amount is $59 million less than the $1,034-million de...