Search results for: economy

UK economic growth to lag peers

-- November 17, 2017 13:14:52

British economic growth will remain tepid over the coming few years, lagging well behind its peers, and could even be worse than economists polled by Reuters currently predict. Rather than sinking...

S'pore suspends all trade with N Korea

-- November 17, 2017 12:17:24

Singapore has suspended trade relations with North Korea to cut commercial ties under toughening UN sanctions over its weapons programme. The move comes about two months after the United States imp...

Singapore exports rise in Oct

-- November 17, 2017 11:25:53

Singapore’s exports rose the most in 2-1/2 years in October, well over double expectations as surging sales to China helped more than recoup a decline the month. The affluent city state has ben...

NBR starts ‘tracking’ taxpayers’ money to ensure its proper use

FE Report November 17, 2017 10:40:45

The National Board of Revenue (NBR) has started 'tracking' the taxpayers' money to find out the process of its expenditure, said NBR chairman Md Nojibur Rahman on Thursday. The board is communicating...

Leather tech fair opens

FE Report November 17, 2017 01:12:13

A three-day exposition on leather, leather goods and footwear sector titled 'LEATHERTECH Bangladesh 2017' began in the city on Thursday aiming to bring global technologies to the doorstep of the loc...

Big nations losing faith in S Asia regional entity

Asjadul Kibria from Kathmandu November 17, 2017 01:08:53

Eminent economist Prof Rehman Sobhan observed on Thursday that larger members of the South Asia are losing faith in the regional entity and looking for alternative groupings. "The very idea of a So...

Record 4.96m tonnes of vegetables produced in FY17: BBS

-- November 16, 2017 21:13:44

Country has witnessed a record production of over 4.96 million tonnes of vegetables in the last fiscal year (FY17), up by 300,000 tonnes from previous fiscal year (FY16), according to Bangladesh Burea...

Amu for SME research centre among D-8

-- November 16, 2017 19:11:54

A research centre on small and medium enterprises (SME) is essential to further develop the sector among the D-8 member countries. Industries Minister Amir Hossain Amu opined this on Thursday while s...

Food production drops by 943,000 tonnes: BBS

-- November 16, 2017 17:31:40

Untimely floods in Bangladesh have caused food production to drop by 943,000 tonnes in fiscal 2016-17, says the government. The figures by Bangladesh Bureau of Statistics were revealed at a media bri...

China's outbound investment falls in Jan-Oct

-- November 16, 2017 14:09:17

China’s non-financial outbound direct investment from January to October fell 40.9 per cent year-on-year to $86.31 billion, the Ministry of Commerce said on Thursday. Outbound investment in Oct...

French jobless rate rises to 9.7pc

-- November 16, 2017 13:58:21

France’s unemployment rate rose to 9.7 per cent in the third quarter, from 9.5 per cent in the previous quarter, data published by the INSEE national statistics office on Thursday. Although une...

Philippine economy grows 6.9pc in Q3

-- November 16, 2017 12:35:40

The Philippine economy grew at a faster than expected 6.9 per cent annual pace in the third quarter, helped by increased public spending on pay hikes for government personnel, officials said Thursday....

Uncertainty still hovers over Padma rail link

Munima Sultana November 16, 2017 10:50:40

Financing Padma rail link, part of a dream project on communications infrastructure, still looks uncertain as the designated Chinese bank delayed signing loan agreement, sources said. They said Bangl...

Lenders oppose WB move to make movables into surety

Jasim Uddin Haroon November 16, 2017 09:54:28

A World Bank move to make intangible movables such as 'accounts receivables', 'intellectual property', 'derivatives products' into collateral against credits faced opposition from lenders in Banglades...

BD to be leading actor in global footwear market, say experts

FE Report November 16, 2017 00:47:38

Commerce Minister Tofail Ahmed, flanked by other dignitaries, poses for a photograph during the inauguration of the 36th International Footwear Conference (IFC) 2017 of the Confederation of Internatio...

July-Oct witnesses only 14.51pc ADP implementation

-- November 15, 2017 20:38:40

The implementation rate of the Annual Development programme (ADP) during the July-October period of the current fiscal year (FY18) reached 14.51 per cent with an expenditure of Tk 238.15 billion. The...

Bangladesh further down in wealth distribution report

-- November 15, 2017 20:17:10

The citizens of Bangladesh with some other low-income countries in Asia have slid further down the wealth distribution pyramid, reveals a study. According to the latest Credit Suisse Global Wealth Re...

15 mills produce 60,000 tonnes sugar: Amu

-- November 15, 2017 17:42:36

The country has produced nearly 60,000 tonnes of sugar in the last fiscal 2016-2017, said Industries Minister Amir Hossain Amu. "The 15 sugar mills across the country produced 59,984.55 tonnes sugar...

Trade cost cut lies at core of regional integration

Asjadul Kibria November 15, 2017 11:51:21

It is cheaper for Sri Lanka to trade with Brazil than Nepal which is geographically much more closer. High trade cost due to lack of better connectivity bars Sri Lanka and Nepal from expanding their b...

BGMEA requests govt to form wage board for RMG workers

Monira Munni November 15, 2017 10:33:42

A move has been initiated to raise the minimum monthly wages of the workers of the country's ready-made garment sector in line with a provision of the labour law. This, industry insiders say, would...

Remittance surge by 6.9pc in four months

-- November 14, 2017 21:02:05

Remittance in the first four months of current fiscal surpassed last fiscals corresponding period by a decent amount. Finance Minister Abul Mal Abdul Muhith said this to treasury bench lawmaker M Mam...

IATA to help BD aviation sector grow

-- November 14, 2017 20:29:49

IATA (International Air Transport Association) has expressed its keen interest to provide all kinds of cooperation in further development of Bangladesh’s aviation sector. The association’...

GDP growth 7.28pc, per capita income $1,610

FE Online Report November 14, 2017 19:49:16

The Bangladesh economy has recorded 7.28 per cent growth in the 2016-17 financial year (FY), a 0.04 percentage points up from the provisional data which was released six months ago. Official data rel...

Italy’s WC flop to cost economy €1b

-- November 14, 2017 19:39:43

Italy national team’s failure to qualify for the for the World Cup for the first time in 60 years is set to cost the economy of the country heavily. Former Comitato Olimpico Nazionale Italiano...

GDP growth 7.28pc in 2016-17

-- November 14, 2017 16:35:59

The GDP growth and per capita income for FY2017 are slightly higher than previous estimates. Bangladesh’s economic growth accelerated to 7.28 per cent in the year to June 30, Planning Minister...

ECNEC clears ‘Sheikh Hasina Cantonment’ project

-- November 14, 2017 14:44:01

The government has initiated a project to set up ‘Sheikh Hasina Cantonment’ on a 965-acre land at Lebukhali along the Payra River in Barisal involving an estimated cost of Tk 16.99 billion...

China economy cools again

-- November 14, 2017 14:15:52

China’s economy cooled again in October, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pol...

Economy underperforms for some shortcomings

FE Report November 14, 2017 12:13:28

Bangladesh economy goes on underperforming for some limiting factors like infrastructure deficits, and gas and power problems, notwithstanding some progressive growth, says a premier trade body. The...

Tofail seeks more Singaporean investment in EZs

-- November 13, 2017 21:11:10

As government allows 100 per cent foreign investments in Bangladesh’s economic zones, keeping that into consideration, Singaporean entrepreneurs are most welcome to invest in the EZs. Commerce...

NCC Bank holds workshop on online forex transaction

FE Online Desk November 13, 2017 12:31:13

  NCC Bank Training Institute arranged a day-long workshop on "Online Foreign Exchange Transaction Reporting" for its officers' of Head Office and branches recently. Managing Director & C...