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Search results for: economy

NPLs bother banking sector very much: Muhith

FE Report January 23, 2018 16:04:30

Finance Minister AMA Muhith said Monday the country's banking sector is bothered very much about the non-performing loans (NPLs) and argued that it has been a big problem since the independence when i...

Philippine Q4 GDP grows 6.6pc

-- January 23, 2018 14:45:40

Philippine’s economy grew 6.6 per cent in the fourth quarter of 2017, slightly below market expectations, while the annual gross domestic product (GDP) grew 6.7 per cent. The Philippine central...

Export growth remains high in Asia Pacific economies

FE Online Desk January 23, 2018 14:43:22

  SINGAPORE (S&P Global Ratings) Jan. 23,2018--Export growth remains high in the more trade-dependent Asia-Pacific economies, while domestic demand growth is broadening, said S&P Globa...

IMF projects 3.9pc growth for world economy

FE Online Report January 23, 2018 12:49:13

World economy may post 3.9 per cent growth in the current year, according to the latest projection of the International Monetary Fund (IMF). The fund released the World Economic Outlook Update Monday...

India’s growth set to lead global economy: Survey

-- January 23, 2018 12:42:15

India's economy holds the brightest growth prospects amongst the world's seven largest economies, according to results from the Global Trade Barometer released on Monday by DHL, the world's leading lo...

Central bank should enjoy more 'instrument independence'

FE Report January 23, 2018 11:25:28

Central banks in countries like Bangladesh should enjoy more 'instrument independence' in determining monetary policy, vital for moving an economy. Simultaneously, said a noted banker of India, there...

Global FDI drops in 2017: UNCTAD

FE Online Report January 23, 2018 10:50:10

Global flows of Foreign Direct Investment (FDI) dropped by 16 per cent in 2017, according to the latest UNCTAD Global Investment Trends Monitor. The UN body estimated the provisional value of globa...

NBR moves to set up TIU to check tax evasion

Doulot Akter Mala January 23, 2018 10:18:39

The National Board of Revenue (NBR) has moved to establish an automated tax information unit (TIU) with interconnectivity of data banks of other relevant entities to track large financial transactions...

Banks under pressure for asset mismatch

Siddique Islam January 23, 2018 09:37:25

Banking sector bears some pressures from declining asset quality, particularly of the state-owned banks, and tighter liquidity in some fourth-generation private banks, said the central bank. The Bang...

Muhith woos Norway to utilise FDI incentives

-- January 22, 2018 20:55:05

Finance Minister AMA Muhith urged Norway to invest in Bangladesh’s leather and pharmaceutical sectors. Muhith also said that Bangladesh offering various incentives to foreign investors for attr...

2.1m youths get self-employment training in eight yrs

-- January 22, 2018 20:36:15

Youth Development Department has trained some 2.1 million youths on different trades across the country in last eight years. The information was revealed as State Minister for Youth and Sports Biren...

BJA urges govt to lift embargo

FE Online Report January 22, 2018 15:26:22

Bangladesh Jute Association (BJA) has requested the government to withdraw the restriction on export of raw jute in the name of uncut BTR and BWR to protect their interests. The local raw jute export...

19pc of remittance goes to real estate

FE Online Report January 22, 2018 15:23:31

Around 19 per cent of the remittances received by the beneficiaries are invested in real estate, to be precise, purchase of liveable land and flats. The latest report of a survey, conducted by the ce...

1.0pc richest own 82pc global wealth: Oxfam

-- January 22, 2018 13:25:24

Some 82 per cent of money generated in 2017 went in the pockets of the richest one per cent, while the poorest half saw no increase at all, Oxfam international said on Monday. The gap between the sup...

Slow labour growth 'unavoidable' for Singapore

-- January 22, 2018 11:11:37

Slower rates of labour force growth in Singapore are unavoidable, the city-state’s central bank head said on Monday, and any attempt to completely offset it by increasing foreign workers is not...

Taxmen find fake tax clearance certificates

Doulot Akter Mala January 22, 2018 09:53:18

Taxmen have detected a number of forged tax clearance certificates at field-level tax offices that were prepared with the support of vested quarters including tax practitioners and supporting tax offi...

NBR to launch software for replacing manual selection of tax file

-- January 21, 2018 18:44:22

Many of the country’s taxpayers often complain that their tax files are targeted on purpose for auditing just to harass them.  However, officials working in the government's taxation depar...

Reform rules, cut corporate tax to 25pc to net in investment

FE Report January 21, 2018 17:32:47

A national policy think-tank suggests Bangladesh knock down maximum corporate tax to 25 per cent over a three-year period as part of reform to spur investment and economic growth. At the same time, t...

China economy to grow better in 2018

Xinhua January 21, 2018 13:41:43

China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in GDP growth is the popular view among global investors given a...

Umpteen clients of NBFIs unsafe

Jasim Uddin Haroon January 21, 2018 11:18:56

Bangladesh's 34 non-bank financial institutions all operate outside deposit-insurance system, thus denying myriad of savers protections in case of the NBFIs going bankrupt or losing the capacity to pa...

Tk 20.8b dev project for Rajshahi division

-- January 20, 2018 16:08:08

The government has taken an initiative to implement a mega project in Rajshahi division, excluding Sirajganj, at an estimated cost of Tk 20.80 billion for overall rural infrastructure development. Lo...

NY Fed reduces Q1 GDP target

-- January 20, 2018 13:10:54

The New York Fed, the Federal Reserve Bank of New York, has reduced its estimate on US gross domestic product (GDP) growth for the first quarter of 2018. The bank on Friday reduced the estimated GDP...

Argentina GDP grows 2.9pc in 2017

-- January 20, 2018 12:28:52

Argentina's economy expanded by 2.9 per cent in 2017, and grew 0.7 per cent in the fourth quarter from the third quarter, a Treasury Ministry source said. The gross domestic product (GDP) of the uppe...

Padma bridge suffers from surfeit of funds as work decelerates

FHM Humayan Kabir January 20, 2018 10:34:28

As construction work decelerates sharply, the Padma bridge needs 17 per cent or Tk 47.03 billion less money in the country's upcoming revised development budget, officials said. The Bridges Division...

Hi-tech parks to create 0.30m jobs

-- January 19, 2018 16:06:35

The government has taken initiatives to set up hi-tech parks in all districts of the country which will create around 0.30 million jobs. The steps have been taken to set up the software technology pa...

Bangladesh eyes power plant projects in Nepal

FE Online Desk January 19, 2018 15:28:48

Bangladesh has proposed to build hydroelectric projects in Nepal to expand its power options after spending $1 billion to build electricity plants in Bhutan. “In order to meet growing demand, w...

Philippines rice harvest hits record high

-- January 19, 2018 14:45:24

The Philippines’ rice output grew at record high in the fourth quarter (Q4), while the total agricultural output grew 2.2 per cent in the same period. The paddy rice output of the 9th largest r...

Bank Indonesia holds key rates

-- January 19, 2018 13:53:21

Bank Indonesia (BI) has kept its key interest rate unchanged, as expected, to give banks more liquidity and encourage them to invest money. The central bank of the largest economic country in Southea...

Sweden leads Scandinavian growth outlook

Reuters January 19, 2018 12:20:41

Swedish and Danish growth prospects for 2018 have brightened in recent months, following last year’s forecast-beating economic performance in Scandinavia, a Reuters poll of economists showed on...

BB likely to place proposals for new banks in next board meeting

Siddique Islam January 19, 2018 09:58:08

The central bank is likely to place proposals for a couple of new banks before the next meeting of its board of directors for consideration. It is now scrutinising proposals by Bengal Bank and People...