Search results for: economy

Bank liquidity rises on lending slowdown

Siddique Islam August 10, 2017 04:07:42

Overall excess liquidity with country's commercial banks increased, as of June, for a lending downturn.   Sources in banking circles find two cardinal causes --- lower credit growth, particular...

BD inflation stands at 5.57pc in July

-- August 09, 2017 13:31:27

Inflation in July has come down compared to the previous month, but registered a slight increase from the same period last year. According to the latest official figures, consumer prices came down to...

ADB loans $200m to boost urban governance, infrastructure

FE Online Report August 09, 2017 08:09:34

The Asian Development Bank (ADB) on Wednesday approved a US$200 million loan package to strengthen urban infrastructure, service delivery, and governance in Bangladesh’s municipalities. The Boa...

VOP may linger at a price of Tk 1.0b

Doulot Akter Mala August 09, 2017 04:40:18

The VAT Online Project (VOP) may linger for two more years at an extra cost of Tk 1.0 billion following the deferment of the new VAT law.   The project, undertaken for introducing online paymen...

Bangladeshi youth to get Tk 9.5b loan for self-employment

-- August 09, 2017 04:10:11

The Karmasangsthan Bank will disburse Tk 9.5 billion (950 crore) loans among the youth in the financial year 2017-18 (FY18).  The 31st meeting of Parliamentary Standing Committee on the Ministr...

Check your math, central banker says: less immigration equals less growth

Reuters August 09, 2017 04:07:09

Less than week after a US President Donald Trump embraced legislation to reduce immigration, Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcome...

Bangladesh market for farmed fish up 25 times in three decades

FE Report August 09, 2017 03:52:40

A study shows that the market for farmed fish grew by a dramatic 25 times in three decades in Bangladesh. The latest study of the International Food Policy Research Institute (IFPRI) also said among...

World Bank pushes for $500m costly credit

FHM Humayan Kabir August 08, 2017 08:35:44

The World Bank has offered Bangladesh US$500 million worth of costly credits from its 'Scale-up Facility Fund', alongside its concessional loans, though project- executing agencies demur, sources sa...

Govt lowers source tax to 0.7pc for all sectors

FE Report August 08, 2017 04:05:01

The government has reduced income tax at source to 0.70 per cent for all the export-oriented sectors, except jute and jute goods sector, which has been enjoying 0.60 per cent tax rate. The source tax...

India-Thailand difference delaying FTA under BIMSTEC

FE Online Report August 07, 2017 07:27:40

Difference between India and Thailand over market access is one of the main reasons why the FTA under BIMSTEC remained stalled during last couple of years.  While India has demanded easing of ru...

Corruption, bureaucratic ineptitude among hurdles

FE Report August 07, 2017 04:17:56

Corruption, bureaucratic inefficiencies and lack of transparency are, among others, the major impediments in attracting foreign direct investment (FDI) in Bangladesh, according to a recent report of U...

Nine DMDs on govt list to replace their MDs

FE Report August 07, 2017 04:12:43

The government formed Sunday a nine-member panel of deputy managing directors to be appointed managing directors of different state-owned banks and financial institutions, sources said. A meeting cha...

Bangladesh wants to join TAPI pipeline

-- August 06, 2017 17:00:02

Bangladesh wants to join Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline as the country needs huge gas to keep up the trend of development. State Minister for Power, Energy and Min...

Dhaka bourse opens flat

FE Online Report August 06, 2017 07:30:11

Dhaka Stock Exchange has displayed a flat movement as major sectors performed mixed on Sunday, the first day of the week. Among the major sectors, the banking sector failed to keep investors’...

Dhaka metro rail company misses functioning timeline

Munima Sultana August 06, 2017 04:00:44

Full functioning of Dhaka's metro-rail company is likely to get delayed for a move to continue implementation of the mass rapid transit (MRT) project under the ministry concerned. Sources said this b...

Taxmen want to freeze bank accounts of three defaulters

Doulot Akter Mala August 06, 2017 03:52:35

Tax-takers have sought permission to freeze bank accounts of three state-owned entities for realising long-overdue VAT worth Tk 24.33 billion.   Furthermore, the Large Taxpayers Unit (LTU) unde...

Govt will develop 4 land ports to boost trade with India

-- August 05, 2017 17:02:36

The government has launched a fresh project to develop the infrastructures of three land ports to boost trade with India through regional connectivity. The security features of Benapole land port will...

India, AIIB sign $329m loan agreement

-- August 05, 2017 11:57:10

India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) of $329 million to improve rural road connectivity in western state of Gujarat, said officials on Saturday. "The loan an...

Income tax returns leap to 1.55m, likely to rise this FY

Doulot Akter Mala July 31, 2017 08:17:30

The number of income-tax returns filed by individual taxpayers registered a sharp growth to 1.55 million in the last fiscal, mainly due to mandatory submission of tax returns by government officials h...

Strategy on fixing flaws in remediated factories soon

Monira Munni July 31, 2017 08:04:13

The government has decided to formulate a time-bound strategy for the garment factories, inspected under a national initiative by the end of next month (August). The strategy will aim at mending the...

Tender soon for privatising Chittagong port operation

FE Report July 30, 2017 08:44:08

An international tender will be called for privatising Chittagong Port operation, businesses were told Saturday as they made such suggestion and placed plans for upgrading the country's prime seaport....

ADB suspends loans for four BR projects

FE Report July 30, 2017 08:07:29

  Asian Development Bank (ADB) has suspended loans against four projects of Bangladesh Railway (BR) as the authorities could not make use of the fund within the period. Sources said the BR has...

Most bank boards ignorant of cyber risks, finds study

Mehdi Musharraf Bhuiyan July 29, 2017 09:54:42

A significant section of the country's banks and their governing bodies are not sure about what their major cyber threats are, a recent industry-wide survey on cyber risk governance has revealed. The...

BSC seeks tax waiver

Syful Islam July 29, 2017 07:43:33

Bangladesh Shipping Corporation (BSC) has again sought tax-VAT waiver against its procurement of vessels over next ten years, as the amounts will run into billions and affect its bid for 'survival', o...

Aid in pipeline swells to $ 36b

FHM Humayan Kabir July 29, 2017 07:38:24

A year-on-year steep rise in foreign-aid commitments virtually jammed the pipeline as disbursement didn't increase proportionately mainly for failure to execute projects in time, sources said. Failur...

New MPS may target higher investment in productive sectors

Siddique Islam July 26, 2017 09:21:29

Containing inflation and boosting investment particularly in productive sectors for maximum economic growth alongside job creation are at the core of the first-half (H1) yearly monetary policy the cen...

China's H2 GDP grows 6.7pc

FE Report July 25, 2017 11:13:35

China's economy is likely to grow at an annual rate of around 6.7 per cent in the second half of 2017, slowing slightly from the first half of the year, the State Information Center (SIC) said on Tues...

Another Indo-BD grid soon for power import

FHM Humayan Kabir July 25, 2017 07:51:13

Bangladesh will install another cross-border high-voltage transmission line for importing 500-megawatt electricity from India, officials said Monday.   This will be the second such line to be u...

IMF keeps global growth forecasts; China, eurozone revised higher

Reuters July 24, 2017 09:10:10

The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and Chi...

Capacity building essential to meet skill gap: Study report

FE Online Report July 24, 2017 08:48:09

  As the demand for the labour force is projected to increase from existing 63.5 million to 88.7 million in 2025, Bangladesh’s 10 leading sectors alone need 5.43 million trained labours in...