Search results for: economy

Oil hits eight-month high

-- September 26, 2017 00:35:30

LONDON, Sept 25 (Reuters): Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.The Nov...

Govt forms NCMID to improve business environment

-- September 25, 2017 20:58:32

A 15-member National Committee for Monitoring and Implementation of Doing Business Reforms (NCMID) has been formed to improve the country’s overall business environment. Cabinet secretary is th...

VAT rules now up for amendment

Doulot Akter Mala September 25, 2017 00:52:32

With a new law put on the backburner, government's revenue authority decided to amend the existing value-added tax (VAT) rules to digitise the taxing.   Sources said under the amended rules,...

Govt awards package waiver on land-transfer charges

Doulot Akter Mala September 24, 2017 10:50:26

Registration and all other fees and stamp duty for land transfer by landowners to developers of private economic zones have all been waived as a stimulus. Government authorities believe the exempt...

Moody's downgrades UK credit rating

-- September 23, 2017 12:50:09

Ratings agency Moody’s downgraded the UK's credit rating by a further notch on Friday over concerns about the public finances and fears Brexit could damage the Britain’s economic growth....

Ministry, WB at loggerheads over issue of monitoring

FHM Humayan Kabir September 23, 2017 10:54:54

The ministry of education (MoE) and the World Bank (WB) are now at loggerheads over latter's monitoring of the government's US$18 billion education development programme planned for next five years....

Investors can buy BD bonds from abroad

Syful Islam September 23, 2017 10:20:26

Non-resident Bangladeshis (NRBs) can directly buy bonds from abroad under planned recast rules meant for making the investment tools attractive and boosting remittance into the country.   Offic...

New pension provision hits upsetting headwind

Jasim Uddin Haroon September 23, 2017 09:48:14

A newly introduced pension system executed from July now faces an upsetting blow amid opposition from 'influential' employees to part payout at retirement, sources said.   A government-approve...

China criticizes S&P credit rating cut

-- September 22, 2017 12:33:25

China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision.” &...

WB suggests technological progress in manufacturing

FE Report September 22, 2017 11:59:41

The World Bank (WB) has said Bangladesh's low wages is not sufficient to be competitive in the global trade, rather it needs technological improvements in the manufacturing sector.   The glo...

Six banks under BB scanner

Siddique Islam September 22, 2017 10:50:01

The central bank has brought around half-a-dozen commercial banks under its close monitoring after it detected anomalies in their recent share market activities.   As part of the move, the Bang...

PM for taking pvt sector on board for SDG financing

-- September 21, 2017 21:55:50

Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to address the financing gaps in implementing the SDGs as mobilisation of financial resources for the purpose appear...

India growing pretty robustly: World Bank

-- September 21, 2017 19:38:17

India has been growing ‘pretty robustly’, World Bank president Jim Yong Kim has said, as he predicted a strong global growth this year, reports PTI.   Speaking at the Bloomberg Glob...

BoJ keeps monetary policy unchanged

-- September 21, 2017 12:53:35

The Bank of Japan (BoJ) kept monetary settings steady on Thursday, but a new board member opposed the decision, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe.  ...

NBR, USAID jointly launch customs website

FE Report September 21, 2017 12:23:14

Bangladesh's revenue authority and USAID country chapter's trade- facilitation wing jointly launched a customs website Wednesday with interactive options encompassing entire spectrum of trading matt...

Leather products may get 15pc cash incentive for next five yrs

FE Report September 21, 2017 10:26:15

The government is preparing a policy to continue providing the existing cash incentive to the leather goods and footwear sector for next five years, aims at boosting exports as well as attracting fore...

BIDA scarcely bears fruit yet

Doulot Akter Mala September 21, 2017 10:19:26

The birth of BIDA hardly bears fruits yet as the authority is still engrossed in setting its own house in order with policy reforms and bringing coordination among stakeholders.   Sources clo...

SoEs run deep in debt for government indifference

Jasim Uddin Haroon September 20, 2017 11:27:58

State-owned enterprises (SoEs) run deep in debt, as of latest calculations, as repayment rates stand much lower than borrowings for government's indifference towards their reform.   People fami...

Jamuna Bank inks deal with Titas Gas

FE Online Desk September 20, 2017 11:24:01

Jamuna Bank Limited recently signed an agreement with Titas Gas Transmission & Distribution Company Limited at Titas Gas Head Office. Under this agreement, Titas Gas subscribers can pay their gas...

BB to strengthen farm loan monitoring

Siddique Islam September 20, 2017 10:36:50

The central bank is going to strengthen its monitoring and supervision for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture...

‘Belt and Road’ can duly benefit developed, developing states

Jubair Hasan from Dunhuang in China September 20, 2017 01:01:14

The Chinese flagship move - commonly known as 'Belt and Road' (BR) - could deliver mutual and equal socio-economic benefits for both the developed and the developing countries, speakers said while ina...

35 individuals, orgs get BB remittance award

-- September 19, 2017 21:21:58

Thirty-five individuals and organisations, including five commercial banks, have been awarded the ‘Bangladesh Bank Remittance Award-2016’. They have got the award for sending home the hig...

Labour rights integral part of BD economy: PM

-- September 19, 2017 20:54:53

Prime Minister Sheikh Hasina has said her government has taken the issue of labour rights as an integral part of the economy and society. “We are looking to the protection of labour rights as a...

Australia jobs pick-up to continue: RBA

-- September 19, 2017 14:12:24

Reserve Bank of Australia (RBA) has turned more upbeat on the economic outlook led by an improving labour market, although it remained worried about rising household debt and a strong local dollar. &...

Padma Bridge cost may rise third time

-- September 19, 2017 10:34:05

The estimated cost of the much-hyped Padma Multipurpose Bridge Project is likely to see a rise for the third time by around Tk 14.0 billion (1,400 crore), reports UNB.   The new rise will take...

Government goes for augmenting non-tax revenue to meet needs

Rezaul Karim September 19, 2017 10:11:51

The government plans to augment non-tax revenues and non-NBR tax collection by exploring new areas to meet its growing fund needs, officials said. Besides, a hike in fees on different items under d...

BB to bend rules for banks to invest beyond limit

Syful Islam September 19, 2017 01:11:10

Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants. Sources said the Bangladesh Bank...

August imports fall over 7.0pc despite big rice buy

Siddique Islam September 19, 2017 00:57:21

Overall imports fell by over 7.0 per cent or US$294.53 million in August despite big emergency rice buy from abroad.One obvious reason cited by sources is that lower imports for industries tipped the...

BB issues new guideline for agent banking

-- September 18, 2017 21:49:30

Bangladesh Bank (BB) has issued a new guideline titled “Prudential Guidelines for Agent Banking Operation in Bangladesh” aimed at taking the banking services to the doorsteps of the people...

S pore exports increase 17pc in Aug

-- September 18, 2017 13:32:24

Singapore’s non-oil domestic exports surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.   Exports i...