Search results for: economy

WB likely to use new reference rate from next year

Syful Islam December 22, 2018 10:01:51

The World Bank (WB) is likely to adopt a new reference rate from next year in calculating the interest of its high-cost loans, officials have said. Presently, the interest rate of WB's high-cost loan...

Cos spend 435 hrs on tax payments in BD!

Mehdi Musharraf Bhuiyan December 22, 2018 09:56:32

A company, on an average, has to spend around 435 hours to comply with tax payments each year in Bangladesh, according to a recent global report. The length of time for tax payments in Bangladesh is...

WB trims Philippines growth forecast for 2018, 2019

-- December 21, 2018 12:53:41

The World Bank (WB) said on Friday that it has downgraded its growth projections for the Philippines to 6.4 per cent in 2018 and 6.5 per cent in 2019 "to reflect recent economic trends." These new fo...

Record 6.5m workers sent abroad in 10 years

-- December 20, 2018 18:39:50

Manpower exports witnessed a record rise over the last ten years as more than 6.5 million workers went abroad with jobs and the country received $133.5 billion remittance since 2009. “We’...

PBOC continues fund injection, rates unchanged

-- December 20, 2018 12:27:55

The People's Bank of China (PBOC) continued to inject liquidity into the money market through reverse repos Thursday with rates unchanged despite a US interest rate hike overnight. It conducted 120 b...

SoCBs’ NPL: Finance ministry to make review next week

Syful Islam December 20, 2018 10:43:33

In the wake of widespread criticism over mounting non-performing loans (NPL) in the banking system, the finance ministry is going to hold a meeting next week to review the situation, officials said....

Fed raises interest rates, signals more hikes ahead

Reuters December 20, 2018 10:41:45

After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withd...

Asia's central banks have almost no reasons to hike rates in 2019

Reuters December 20, 2018 10:22:26

Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year — especially as US rate hikes slow — unless a n...

BD economy witnesses 'rise and rise': Nikkei Asian Review

-- December 19, 2018 20:12:12

Japan-based global economic journal Nikkei Asian Review has said Bangladesh continued to witness 'rise and rise' with booming economy. The journal made the statement in its cover story titled 'The ri...

Japan posts goods trade deficit of $6.56b in Nov

-- December 19, 2018 12:31:05

Japan logged a goods trade deficit in November, the government said in a report on Wednesday. According to the Finance Ministry, the country posted a goods trade deficit of 737.3 billion yen (6.56 bi...

Trump warns Federal Reserve against 'another mistake'

-- December 18, 2018 20:18:18

US President Donald Trump has warned the Federal Reserve not to “make yet another mistake” ahead of an expected interest rate hike. Trump made the remarks on twitter on Tuesday to put pre...

UK economy likely to hit nine-year low

-- December 18, 2018 14:07:07

British economic growth this year and in 2019 looks set to be the nine years low, due to a freeze in business investment and weak consumer demand ahead of Brexit, the BCC said. The British Chambers o...

EC asks Italy to cut €2.5-3b to clear budget with EU

-- December 18, 2018 13:53:33

The European Commission (EC) has asked Italy for a further €2.5 billion-€3 billion ($3.40 billion) in savings before approving the country’s 2019 budget, Corriere della Sera daily r...

US petroleum exports jumps in recent years: EIA

-- December 18, 2018 13:34:47

The petroleum exports of United States have increased in recent years, the US Energy Information Administration (EIA) said in a report on Monday. The EIA said in its latest Petroleum Administratio...

BB eases farm loan policy

Siddique Islam December 18, 2018 09:51:54

Bangladesh Bank (BB) issued a fresh rescheduled policy on short-term agriculture loans on Monday aiming to boost production through facilitating farmers across the country, officials said. Under the...

Euro rebounds ahead of Fed meeting

-- December 17, 2018 19:00:00

The euro recovered nearly half a per cent from recent lows on Monday as the dollar slipped, with traders reluctant to push the US currency much higher before the Federal Reserve’s policy meeting...

Singapore's NODX declines by 2.6pc in Nov

-- December 17, 2018 13:22:05

The total non-oil domestic exports (NODX) of Singapore declined by 2.6 per cent in November from the high base a year ago, after the recalculated 8.2 per cent year-on-year growth in October. Accordin...

A review of China-US trade war in 2018

-- December 16, 2018 17:45:43

There is no doubt that the China-US trade war was one of the biggest stories of 2018. The tit-for-tat tariffs levied between the world's two largest economies have put the global supply chain and trad...

Finland cuts debt for the first time in decade

-- December 16, 2018 17:39:07

Finland has canceled planned bond auctions for the remainder of the year and is on course to cut debt in 2018 for the first time in a decade, the finance ministry said on Sunday, according to Reuters....

Japan plans to cut JGB issuance for 6th straight year

-- December 16, 2018 16:21:29

Japan plans to trim its annual government bond issuance by 3.6 per cent during the financial year beginning April 01, sources with direct knowledge of the plans told the news agency on Sunday, as part...

China pork prices may rise in 2019 due to swine fever

-- December 16, 2018 15:38:17

China’s pork prices are likely to climb in 2019 due to tight supply caused by the further spread of African swine fever, an official at the National Development and Reform Commission said in rem...

Shares of Qatar Aluminium surge above IPO price on debut

-- December 16, 2018 15:07:23

Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this y...

IMF ties Pakistan’s debt transparency to bailout deal

-- December 16, 2018 14:55:58

KARACHI: Pakistan’s debt transparency is an utmost prerequisite for a possible bailout package from the International Monetary Fund (IMF), a spokesperson of the Washington-based lender said, add...

State unaccountability can eclipse progress

-- December 16, 2018 14:02:18

Lack of accountability and governance in the state organs can fade Bangladesh's socio-economic progress in the coming years, experts warned on Saturday. To overcome this unpleasant reality that badly...

‘Rising costs’ of doing business cause concern

FE Report December 16, 2018 13:52:32

Business leaders and economists have expressed concern over the rising cost of doing business, reintroduction of higher interest rate and lack of skilled workforce to foster sustainable economic growt...

Two Qatar Visa Centre opens in Bangladesh

-- December 16, 2018 13:03:04

Qatar has inaugurated two visa centres in Bangladesh, one in Dhaka and the other in Sylhet, as part of the state's efforts to facilitate and streamline procedures for bringing in expatriate workforce,...

Myanmar’s economy depends on Rakhines stability

-- December 16, 2018 12:38:59

Despite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say, according to a repor...

Trade war buoys apparel industry in Bangladesh, Vietnam

-- December 16, 2018 12:34:26

The trade spat between Washington and Beijing is providing a tailwind for garment production hubs like Bangladesh and Vietnam, as more companies move away from China to avoid US tariffs and sanctions,...

Cooch Behar wants to revive railway line to Bangladesh

-- December 16, 2018 11:08:54

  A decision by the Indian central government to revive some of the old rail routes which used to connect India with Bangladesh has prompted residents of Cooch Behar to demand the restoration of...

China's home prices remain stable in Nov

-- December 15, 2018 13:22:14

Home prices in major Chinese cities largely remained stable in November as local governments toughened up control of the housing market, official data showed on Saturday. On a month-on-month basis, n...