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Search results for: economy

Growth in Chinese factories slows in December

Reuters December 31, 2017 11:02:15

Growth in China’s manufacturing sector slowed slightly in December as a punishing crackdown on air pollution and a cooling property market start to weigh on the world’s second-largest econ...

NRB Conclave: Thrust on enabling policy to attract investment

-- December 31, 2017 10:50:19

Referring to the non-resident Bangladeshis' (NRBs) contribution to the country's economy, speakers at a programme on Saturday said NRBs will return to the country with knowledge and investment if cong...

2017 sees blots and blips on financial front

FE Report December 31, 2017 10:00:34

The Gregorian calendar sheds 2017 today (Sunday) into the archives of time, leaving socioeconomic, political and cultural landscapes of Bangladesh, as also of the world, marked by some important event...

NRB Conclave begins

FE Online Desk December 30, 2017 13:11:14

The first ever NRB Conclave, organised by Bangladesh Brand Forum (BBF) began today (Saturday) at a city hotel. "This initiative explores models and approaches to engage the Non Resident Bangladeshi...

China cbank to raise reserve funds ratio

-- December 30, 2017 13:02:34

China’s central bank has decided to raise the reserve funds ratio of third-party payment firms to 50 per cent by April 2018 from a current rate of 20 per cent, official said. The central of the...

Qatar economy recovers from boycott, GDP figures show

Reuters December 30, 2017 12:49:59

Qatar’s economy has largely recovered from a boycott imposed by other Arab states and is again growing at one of the fastest rates in the region, according to figures released by the statistics...

Some economic indicators present poor show in 2017

Jasim Uddin Haroon December 30, 2017 09:47:03

Some major economic-financial indicators performed well below par in the outgoing calendar year, casting their adverse impacts on Bangladesh's economic health, experts said. The underperformances are...

Banks scramble for rescheduling loans to avert NPL buildup

Siddique Islam December 30, 2017 09:38:05

Banks got into a last-minute race seeking permission from the central bank to allow rescheduling loans under special considerations to help avert further buildup of their classified loans, as the year...

Digital currency is Ponzi scheme, India cautions

-- December 29, 2017 20:31:59

India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as Bitcoin, saying digital currency investments are like “Ponzi schemes.”...

S Korea finalises energy plan

-- December 29, 2017 15:39:51

South Korean government has finalised a power supply plan that aims to make renewables the country’s fuel of choice for power generation for the next 15 years, its energy ministry said on Friday...

Safety, compliance lead RMG sector

FE Online Desk December 29, 2017 14:43:34

Bangladesh decided to amend its labour law and the Bangladesh Export Processing Zones Authority Law to comply with the European Union (EU) recommendations.  The EU had earlier called on Banglade...

China-Bangladesh friendship continues to expand

FE Online Desk December 29, 2017 11:29:47

The year of 2017, designated as the Year of Friendship and Exchanges between China and Bangladesh, saw the friendly ties between the two nations. The both sides pushed forward cooperation based on mu...

Businesses get until March 31 for 9-digit e-BIN

FE Report December 29, 2017 10:10:39

The revenue authority has extended the deadline for obtaining nine-digit electronic Business Identification Number (e-BIN) until March 31, 2018 for the businesses, having 11-digit BINs. Validity of...

Remittances set to drop in 2017

FE Report December 29, 2017 09:59:17

Despite a significant rise in the country's outbound jobs, the growth of remittances is set to decline in the outgoing year 2017, said a RMMRU report on Thursday. Refugee and Migratory Movements Rese...

Open A/Cs with OPGSPs having pact with BD banks

FE Report December 29, 2017 00:38:18

The central bank has advised service exporters to open notional accounts only with the Online Payment Gateway Service Providers (OPGSPs) having arrangement with banks in Bangladesh. "We've revised th...

ADP size sees 438pc rise in nine years

FE Online Desk December 28, 2017 20:34:19

The size and expenditure of the annual development programme (ADP) has marked a significant increase over the past few years. In the current fiscal year (FY) 18, the ADP has witnessed a 438 per cent...

Income tax collection sees 15.60 pc growth

FE Online Desk December 28, 2017 20:32:28

Income tax collection witnessed a robust growth of 15.60 percent during the July-November period of the current fiscal year (FY18). The income tax collection during the five-month period (July-Novemb...

0.81pc fall in remittance, 34.15pc rise in overseas employment

FE Online Report December 28, 2017 19:18:33

The country’s remittance earning is expected to witness 0.81 per cent decline at the end of December this year, according to a report. But it predicted that the overseas employment might see 34...

Growth of telecom, IT spurs employment diversification

-- December 28, 2017 18:39:28

The country’s telecommunication and information technology sectors, buoyed by robust growth that took place in last few years, have generated diversified employment opportunities for the country...

Japan’s industrial output rises to 0.6pc in Nov

-- December 28, 2017 10:53:54

Japan’s industrial production rose 0.60 percent in November from a month earlier, trade ministry data showed on Thursday. The industrial output rises more than expected as robust overseas dema...

BD economic growth may slow to 6.9pc in FY18

FE Report December 28, 2017 09:53:27

Bangladesh economy may grow at a slower pace of 6.9 per cent this fiscal year after a record growth of 7.28 per cent in the last fiscal, a global financial giant forecasts. The latest reckoning on th...

Most multinationals dodge TP law, deprive govt of due taxes

Doulot Akter Mala December 28, 2017 09:43:42

Around 85 per cent of the foreign companies operating in Bangladesh and executing international transactions hardly share their incomes with the host nation, thus allegedly contributing vastly to capi...

Move to import 1.4m tonnes crude oil

-- December 27, 2017 22:28:32

Bangladesh will import 1.4 million tonnes of crude oil from Saudi Arabia and Abu Dhabi for the current fiscal year (2017-18) to meet the domestic requirement. Cabinet Committee on Public Purchase on...

BB issues Bitcoin cautionary notice

SM Najmus Sakib December 27, 2017 20:44:59

The central bank has issued a cautionary notification over the transactions of virtual currencies like Bitcoin in the country. Saying that there is no legal framework of the crypto currencies like Bi...

Govt plans survey on agriculture

-- December 27, 2017 19:34:09

The government will conduct a survey on agriculture and rural statistics aiming to determine the household based socio-economic conditions of the country’s rural areas and collect information on...

Favourable dollar-taka exchange rate saves apparel exports

FE Online Desk December 27, 2017 16:26:24

Bangladesh’s exported garment items in the first 11 months of 2017 amounted to  USD 26.40 billion, up 1.38 per cent year-on-year, according to data from the Export Promotion Bureau (EPB)....

S Korea expects economic recovery to continue

-- December 27, 2017 16:13:35

South Korea’s government said on Wednesday it expects the economic recovery to continue in 2018 amid the slower economic growth. The government projected economic growth of about 3.0 per cent i...

Commissioning of first eco-friendly BD thermal plant units in 2019

FE Online Desk December 27, 2017 16:12:14

A Chinese consortium has started the construction of Bangladesh's first eco-friendly thermal power plant with ultra modern clean coal technology. The plant is being constructed near se...

Sri Lanka cbank to keep policy rates steady

-- December 27, 2017 14:19:48

Sri Lanka’s central bank is expected to keep its key interest rates unchanged this week to support the country’s economic growth. Economists predicted the central bank would keep its stan...

NBR asks offices to ensure representation of tax lawyers

-- December 27, 2017 10:53:16

The government's revenue authority has instructed its tax offices to ensure representation of the tax lawyers in dealing with tax files following their allegations against involvement of supporting st...