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Search results for: economy

Job loss fears in India after Trump tariff shock

-- June 05, 2019 17:14:17

If you've bought a luxury leather handbag in Milan or Manhattan recently, chances are high that it was made in Sanjay Leekha's three-storey factory in Faridabad on the outskirts of Delhi, reports BB...

Pak army voluntarily cuts defence budget

-- June 05, 2019 16:11:57

ISLAMABAD: In an unprecedented voluntary move, Pakistan's military has decided to cut the defence budget for the next fiscal year amid an austerity drive launched by the government to solve the cash-s...

World’s biggest firms foresee climate cost of $1tr

Express Tribune June 05, 2019 15:55:08

More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1.0 trillion, with much of the pain due in the next five years, a...

Financial intermediation's GDP share static

FE Online Report June 05, 2019 15:44:48

The contribution of the financial intermediation to the country’s Gross Domestic Product (GDP) remained static for the last three years.  Provisional estimation of the Bangladesh Bureau of...

China warns its companies on US travel

-- June 04, 2019 19:42:55

BEIJING/WASHINGTON : China warned its companies operating in the United States on Tuesday they could face harassment from US law enforcement agencies, as it also rebuffed U.S. criticism of a trade whi...

Now Bhutan planning to control tourist flow

-- June 04, 2019 19:36:01

The Bhutan government is planning to take steps to ensure that the country remains as an exclusive tourist destination, according to a report by https://nenow.in. With Bhutan becoming a mass touris...

Climate change may cost world's biggest firms $1tn

-- June 04, 2019 17:35:55

LONDON, June 04:  More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the...

Nepal eyes 2m tourists in 2020

-- June 04, 2019 16:38:29

Nepal Prime Minister KP Sharma Oli is scheduled to inaugurate the third Himalayan Travel Mart – Nepal’s premier international travel and tourism trade show on June 06, 2019. The four day-...

US says China playing ‘blame game’ in trade battle

-- June 04, 2019 16:26:33

The US has said China is playing a “blame game,” misrepresenting trade talks between the two countries, according BBC. In a statement, the Trump administration also accused China of &ldqu...

Economic slowdown makes RBI rate cut highly likely

-- June 04, 2019 15:50:12

A worrying slowdown in India’s economy makes a cut in the Reserve Bank of India’s benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to bo...

NBR to beef up capacity to detect tax evasion by MNCs

Doulot Akter Mala June 04, 2019 09:17:27

The revenue authority would soon impart training to its officials to build in-house capacity for proper enforcement of the transfer pricing law. The training will be on risk assessment and company pr...

Bangladesh receives record $1.95b remittance in May

-- June 03, 2019 20:04:32

Expatriate Bangladeshis have sent a record amount of remittance in May ahead of the Eid-ul-Fitr. They sent $1.95 billion in inward remittances to Bangladesh, a new monthly record, according to the ce...

China to release 5G licences shortly, triggering a new round of tech revolution

Global Times June 03, 2019 17:37:19

China will release 5G business licences to its three major telecom carriers shortly, a move experts say will catapult the country into a serious 5G industrial revolution, the Ministry of Industry and...

Unemployment in India hits 6.1pc

-- June 02, 2019 20:18:30

India’s unemployment rate rose to 6.1pc in the 2017/18 fiscal year, the statistics ministry said on Friday, presenting a challenge for Prime Minister Narendra Modi to kick-start job creation in...

What can stop Turkey's economy from unravelling?

-- June 02, 2019 17:25:06

Istanbul plays an oversized role in the Turkish economy and politics. It has been the gateway to the presidency for Recep Tayyip Erdogan and represents a third of the country's economy. After a quart...

'Trade war has not made America great again'

-- June 02, 2019 16:39:43

China hit US President Donald Trump with his own catchphrase, saying Washington’s escalating trade war with Beijing has not 'has not made America great again' and has damaged the American econom...

JCI Bangladesh organises pre-budget discussion

FE Online Desk June 02, 2019 15:52:18

JCI Bangladesh has organised a pre-budget discussion ‘Tarunner Vabna’ ahead of the upcoming National Budget 2019-2020. Keeping the mission of acalimitising the youth with positive chang...

UK private sector reports sluggish underlying growth

-- June 02, 2019 13:49:29

Britain’s private sector reported sluggish underlying growth in May as Brexit uncertainty continues to weigh on many businesses, the Confederation of British Industry (CBI) said on Sunday. The...

113 MFIs' licences cancelled for violating existing rules

FE Report June 02, 2019 11:27:38

A total of 113 microfinance institutions (MFIs) have so far faced regulatory action for breaching the existing rules and regulations, officials said. The Microcredit Regulatory Authority (MRA) took...

Africa set to become largest free trade continent

-- June 01, 2019 21:51:50

Africa is set to become the largest free trade continent as the African Continental Free Trade Agreement (AfCFTA) came into force on Thursday, with the ratification of 24 out of 54 countries. While U...

BD’s trade terms with UK to remain unchanged despite Brexit

-- June 01, 2019 17:40:08

Bangladesh High Commissioner to UK Saida Muna Tasneem has said that the trade terms of Bangladesh with the UK would remain the same even if the country comes out of the EU. “UK may come out of...

Demographic dividend: Country likely to miss the boat?

Jasim Uddin Haroon June 01, 2019 09:15:05

Bangladesh could fail to reap benefit from the ongoing most favourable period of its demographic dividend because of inadequate allocations for education and health sectors. With around two decades r...

Turkish economy shrinks again as currency crisis bites

-- May 31, 2019 19:15:57

The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a...

Move to create ‘Start Up Fund’ for new entrepreneurs

-- May 31, 2019 18:44:31

The government for the first time is going to create a ‘Start Up Fund’ for the new entrepreneurs in the upcoming budget for the next fiscal year (FY20) in a bid to generate more employment...

WB forecasts China GDP growth at 6.2pc in 2019

-- May 31, 2019 12:34:04

The World Bank has forecasted that China's economy will grow at 6.2 per cent in 2019 and 6.1 per cent in 2020. In an external environment that has become less favourable due to slowing global growth...

Climate change may displace 10m in next 20 years: Experts

FE Report May 31, 2019 11:30:03

Around 10 million climate migrants will move from coastal areas to big cities of the country in next two decades due to climate change impacts, climate experts warned on Thursday. "As many as 10 mill...

Malaysia's PPI falls 1.4pc in April

-- May 30, 2019 14:39:03

The producer price index (PPI) for local production in Malaysia decreased by 1.4 per cent year-on-year in April, official data showed Wednesday. According to Malaysian Statistics Department, the fall...

Bangladesh signs $2.5b ODA deal with Japan

-- May 30, 2019 10:23:20

Bangladesh and Japan have signed their 40th ODA deal involving US$ 2.5 billion for implementing five projects to bolster ties between the two countries. Economic Relations Division (ERD) Secretary Mo...

Large, medium industrial base shrinks, shows survey

Jasim Uddin Haroon and Yasir Wardad May 29, 2019 10:03:49

The number of the country's large and medium manufacturing industrial establishments declined significantly in 2019 despite the fact that the curve of their contribution to the gross domestic product...

'Bankers should be more active to reduce bad loans'

-- May 28, 2019 19:45:50

Bangladesh Bank (BB) Governor Fazle Kabir has said the bankers should be more active to reduce the bad loans in the banking sector. “In 2018, the capital adequacy and liquidity of the banking s...