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Search results for: economy

Non-food inflation rose in Q2 of FY19

-- April 29, 2019 19:21:05

Finance Minister AHM Mustafa Kamal on Monday admitted that non-food inflation in the second quarter of the current fiscal (FY19) has increased. He made the statement while placing the report on budge...

IMF projects 2.8pc GDP growth for Saudi in 2019

-- April 29, 2019 14:44:36

The International Monetary Fund (IMF) has estimated 2.6 per cent economic growth for Saudi Arabia in 2019, slightly higher than its earlier 1.8 percent forecast. The IMF predicted the gross domestic...

Experts warn against fallouts from regional inequality

FE Report April 29, 2019 09:51:01

Rising inequality could lead to economic destabilisation, which can snowball into social unrest, experts at a discussion warned Sunday. They feared a vested group could take the opportunity for advan...

Vibrant capital, bond markets seen as most potential answers to businesses

FE Report April 29, 2019 09:31:45

Experts at an international conference have suggested developing vibrant capital and bond markets to create long-term financing options for businesses. Businesses in Bangladesh now totally depend on...

Govt paid Tk 819.45b against foreign loans in 10 fiscal years

-- April 28, 2019 20:59:57

Finance Minister AHM Mustafa Kamal has said the government paid some Tk 819.45 billion against foreign loans in the last 10 fiscal years. "A total of US$ 10,705.3 million equivalent to Tk 819.45 bill...

BD can prosper quickly with more, better jobs for women

FE Online Desk April 28, 2019 17:25:56

Bangladesh can become more prosperous more quickly if more women get work with higher-quality and higher-paid jobs, says a new World Bank report. The report, Voices to Choices: Bangladesh’s Jo...

Nepal's economy to grow by 6.81pc this FY

-- April 27, 2019 15:26:33

Nepal's economy is projected to grow by 6.81 per cent in the current fiscal year (FY) that concludes in mid-July, the country’s Central Bureau of Statistics (CBS) has said. The CBS predicted th...

US economy grows 3.2pc in first quarter

-- April 27, 2019 13:30:32

The US economy grew much faster than expected in the first quarter (Q1) of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualised pace o...

Financial sector could stoke next economic crisis in BD

FHM Humayan Kabir, back from Washington, USA April 27, 2019 11:07:21

Bangladesh's next economic crisis could take place in the financial sector, warns a top economist of the World Bank. "If there is any possibility of economic vulnerability in Bangladesh that could be...

Nearly 39pc university graduates jobless

Sajibur Rahman April 27, 2019 10:34:45

The unemployment rate among the university graduates in Bangladesh is 38.6 per cent, according to a recent study, conducted by the Bangladesh Institute of Development Studies (BIDS). A total of 1,574...

Indonesian investors interested in rail, energy sectors

-- April 26, 2019 21:09:39

Indonesian businesses have expressed their interest to invest in energy, rail, tourism and infrastructure sectors of Bangladesh. "Indonesia and Bangladesh are considered emerging economies with a com...

Singapore's citizen unemployment rate edges up

-- April 26, 2019 14:19:55

The seasonal adjusted citizen unemployment rate of Singapore inched up slightly from 3.1 per cent in December 2018 to 3.2 per cent in March 2019, the Ministry of Manpower announced on Friday. Meanwhi...

BoE to refrain from rate hike until August 2020

-- April 25, 2019 15:21:28

The Bank of England (BoE) is likely to keep interest rates on hold until August 2020 because of a slower global economy and prolonged uncertainty about Brexit, a leading think tank said on Thursday....

Citizens’ conclave on SDGs Saturday

FE Online Desk April 25, 2019 14:41:54

Citizen's platform for SDGs, Bangladesh on Saturday will hold a citizens conclave in the capital on the country's four years of engagement with the SDGs (Sustainable Development Goals). The day-long...

Tk 5.25t budget likely

FE Report April 25, 2019 09:15:00

The government is set to fix GDP (gross domestic product) growth target for the next fiscal year at 8.2 per cent, officials said. The total size of the budget for fiscal year 2019-20 may be around Tk...

UK government borrowing falls to lowest level in 17 years

-- April 24, 2019 18:17:07

Government borrowing in Britain for the 2018-19 financial year fell to its lowest annual level in 17 years, official figures show. British Finance Minister and Chancellor of the Exchequer Philip Hamm...

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

FE Online Report April 24, 2019 12:38:11

Islamic Relief Bangladesh has won the Bond International Development Award 2019 in innovation category for eliminating extreme poverty of orphaned children and widows in Bangladesh. This Alternative...

2018 net FDI inflow at $3.61b

FE Report April 24, 2019 09:38:28

The net inflow of foreign direct investment (FDI) in Bangladesh stood at $3.61 billion on a final count, according to the latest statistics of the central bank. Annual net FDI inflow jumped by 67 per...

Lending loans to single borrower by multiple banks rising

FE Online Report April 23, 2019 21:53:30

The tendency of lending loans to a single borrower by multiple banks has marked a rise which is a negative indicator for the banking sector, according to a study. The Bangladesh Institute of Bank Man...

CPD questions data used in high growth estimate

FE Online Report April 23, 2019 15:16:42

The Centre for Policy Dialogue (CPD) on Tuesday has questioned the authenticity of the data used in calculating a high growth estimate as it does not match with the growth of key macroeconomic indicat...

Japan's 10-day break likely to give economy short-term boost

-- April 23, 2019 13:11:07

Japan's unprecedented 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost. Breweries, hotels, retailers, restaurants...

BD economy moving on solid macro-economic stability: PM

-- April 22, 2019 21:47:01

Prime Minister Sheikh Hasina has said the economy of Bangladesh is moving on a solid macro-economic stability, vibrant private sector, and increasing trends in trade and investments. She urged the bu...

Blasts to hit economy, tourism, says Lanka PM

-- April 21, 2019 21:42:00

Attacks on three Christian churches and three hotels in Sri Lanka will hurt the economy and tourism, and law enforcement authorities have been asked to find the perpetrators, Lankan Prime Minister R...

Jet Airways employees mull taking over airline

-- April 21, 2019 20:56:11

Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning...

India eyes Rs 420b electric vehicles mkt by 2030

-- April 21, 2019 19:00:22

At least half a dozen public sector firms, Indian Railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles to support the govern...

Joy urges young ICT entrepreneurs to be innovative

-- April 21, 2019 17:44:22

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy Sunday called upon the young information and communication technology entrepreneurs to generate their own innovative ideas to take the lead...

China BRI summit to urge sustainable financing

-- April 21, 2019 16:36:06

SHANGHAI, Apr 21: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green...

Magazine highlighting BRI launched in Bangladesh

-- April 21, 2019 15:52:28

Centre for East Asia Foundation (CEAF), a non-profit and non-political independent study circle, launched a magazine "The Belt and Road" on Saturday in Bangladesh, highlighting the great vision of The...

India warns IMF against fresh bailout for Pakistan

-- April 20, 2019 13:42:51

India and some other nations have cautioned the International Monetary Fund (IMF) about fresh bailout for Pakistan at a time when it is under the Financial Action Task Force's (FATF) scanner for its s...

Current account deficit could snowball into financial sector

Jasim Uddin Haroon April 20, 2019 09:18:42

The persistent current account deficit may now put strain on key macroeconomic indicators and experts say it could snowball into the financial arena. The current account deficit soared to US$1.7 bill...