Search results for: economy

World Bank okays $425m to improve rural bridges in Bangladesh

-- 2018-10-26 16:16:30

The World Bank on Friday approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges to benefit two-thirds of the country's people.  ...

Sea tourism accounts for 3.5pc of Greek GDP

-- 2018-10-26 13:46:36

Sea tourism (sea cruise, coastal shipping and yachting) contributes about 3.5 per cent of Greek GDP each year in recent years, according to a local media report. Citing a report of the Institute of...

NBR move to overhaul taxation regime falters

Doulot Akter Mala 2018-10-26 09:59:32

The National Board of Revenue (NBR) has initiated a plethora of reform initiatives since the 1990s, but those have produced little results in overhauling the taxation regime, officials and experts say...

ADB to give $110m loan for urban health services

-- 2018-10-25 18:20:08

The Asian Development Bank (ADB) has provided additional loan of $110 million for a project for improving access to urban primary healthcare services in Bangladesh through public-private partnerships...

WB to give $240m for improving coastal, marine fisheries  

-- 2018-10-25 17:46:23

The World Bank (WB) is set to lend $240 million as industrial loan to help improve management and production in marine and coastal fisheries and aquaculture. To this end, an agreement was signed at t...

South Korea's real GDP grows 0.6pc in Q3

-- 2018-10-25 13:32:28

South Korea's real gross domestic product (GDP) grew 0.6 per cent in the third quarter from the previous quarter, central bank data showed Thursday. The GDP growth rate fell from 1.0 per cent in the...

Economists moot new poverty benchmark

FE Report 2018-10-25 09:27:25

Senior economist Prof Wahiduddin Mahmud has suggested the government change the poverty estimation method considering the current global and domestic socio-economic scenarios. "Our national poverty-l...

Pakistan secures $6b Saudi loan

-- 2018-10-24 15:03:33

Saudi Arabia has agreed to provide a financial assistance of $6 billion US dollar to pull Pakistan out of the economic quagmire, the foreign ministry said on Tuesday. The deal was signed by Pakista...

EU rejects Italy budget, demands changes

-- 2018-10-24 15:02:50

The European Commission has told Italy to revise its budget for 2019, an unprecedented move with regard to an EU member state. The Commission is worried about the impact of higher spending on alrea...

China's power generation up 7.4pc in Jan-Sept

-- 2018-10-24 14:52:33

China's power generation rose 7.4 per cent in the first nine months of 2018, with electricity from nuclear and wind power facilities expanding at a fast pace in September. The growth in the first...

Bangladesh now 39th most valuable nation brand

FE Online Desk 2018-10-23 19:33:05

Bangladesh has moved up by five notches this year and ranked 39th out of 100 valuable nation brands in the Nation Brands 2018 report. The report, published by London-based Brand Finance recently, say...

Move to restore navigability of 100 major rivers

-- 2018-10-23 17:31:39

The government plans to procure some 35 dredgers involving Taka 44.89 billion to restore navigability of 100 major rivers across the country. The Executive Committee of the National Economic (ECNEC)...

Imran khan seeks loans to reservice debts, investments

-- 2018-10-23 15:14:33

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, the country’s prime minister Imran Khan said on Tuesday....

RMG exports to Japan hits record high

FE Online Desk 2018-10-23 13:21:08

Bangladeshi readymade garments have hit a record growth rate in Japanese market during January-August period of the current year, Rabab Fatima, Bangladesh Ambassador to Japan, said. She said, “...

Secondary trading of treasury bills, bonds drops in Q1

FE Online Report 2018-10-22 19:45:45

Secondary trading of the government’s fixed income securities declined 11.41 per cent in the first quarter of the current fiscal year. Latest statistics, released by the central bank, showed th...

Forex dealers call for cautious LC opening

Siddique Islam 2018-10-22 09:25:43

Bangladesh Foreign Exchange Dealers' Association (BAFEDA) will urge its member banks to be cautious about opening letters of credit (LCs) for import, considering the overall forex market situation. T...

Annual poverty reduction rate should reach 2.0pc: Muhith

FE Online Report 2018-10-21 21:16:32

Finance Minister Abul Maal Abdul Muhith has said the annual poverty reduction rate should reach 2.0 per cent to attain the government’s goal for eradicating poverty from the country. “Our...

Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

-- 2018-10-20 11:44:39

Another two to three interest rate increases from the Federal Reserve will likely put US borrowing costs in “neutral” territory where it is neither stimulating nor restricting economic gro...

'Poverty rate to come down to 10pc in next five years'

-- 2018-10-19 20:42:31

Finance Minister Abul Maal Abdul Muhith has said poverty rate of Bangladesh would come down to 10 per cent if current government can get the mandate to govern the country for next five years. The min...

China economic growth slumps to weakest since 2009

-- 2018-10-19 10:41:07

China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackl...

BB relaxes rules for intra-firm forex loans

Siddique Islam 2018-10-19 10:06:30

The central bank has relaxed regulations for local industries in export processing and economic zones to get short term foreign currency loans from their sister concerns. Under the relaxed provision,...

Japan posts $1.2b trade surplus in September

-- 2018-10-18 10:49:19

Japan recorded a trade surplus for September of $ 1.2 billion (139.6 billion yen), but exports fell 1.2 per cent from the previous year in the first decline for the world’s third largest econo...

BD to push for connectivity, trade deals with Russia

FHM Humayan Kabir 2018-10-18 09:40:53

Bangladesh will press for establishing direct connectivity and trade arrangements with Russia at an upcoming bilateral meeting in Moscow next week, officials said on Wednesday. Dhaka will also reques...

'Concentration on Dhaka hurting growth'

FE Report 2018-10-18 09:34:40

Excessive concentration of population and economic activities in Dhaka is impeding the growth of Bangladesh, experts cautioned at a seminar in the capital on Wednesday. The country's suburban areas,...

World Cup added $14b to Russian economy, say organisers

Agencies 2018-10-17 11:23:23

The 2018 World Cup added more than $14 billion to the Russian economy, more than one percent of the country's gross domestic product, tournament organisers said in Doha on Tuesday. The figure was rev...

BIMSTEC FTA: Dhaka differs with Delhi over rules of origin

Syful Islam 2018-10-17 09:42:17

Bangladesh has largely differed with India's proposal for the value addition requirement for 22 more products under the proposed BIMSTEC free trade area (FTA) agreement, officials said. The disagreem...

Bangladesh maintains steady progress in tackling hunger: GHI

-- 2018-10-16 21:31:04

The country has maintained a steady progress in tackling hunger as it has improved position in the 2018 Global Hunger Index (GHI). According to the 2018 GHI, Bangladesh moved by two notches to 88th p...

BERC not to raise gas prices now

-- 2018-10-16 19:49:18

Considering the present situation, Bangladesh Energy Regulatory Commission (BERC) has decided not to raise the gas prices. The BERC announced the decision at a press conference at its office in Dhaka...

US budget deficit hits six-year high of $779b

-- 2018-10-16 13:49:46

The US budget deficit rose to 779 billion US dollars in the fiscal year 2018 (FY 2018) ending Sept. 30, the highest since 2012, according to the US Treasury Department report. US government spendin...

FDI inflow rises in BD amid global fall in Jan-Jun

Asjadul Kibria 2018-10-16 10:20:28

The inflow of foreign direct investment (FDI) globally declined sharply in the first half of the current calendar year. The amount is estimated at $470 billion in the January-June period of 2018 whil...