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Search results for: economy

German industry output falls

-- February 07, 2018 15:48:07

German industrial output edged lower in December, falling more than expected, but the factory output surge in orders and buoyant business sentiment point to solid growth in the coming months. The ind...

BPC suffers Tk 5.0b loss in last three months

M Azizur Rahman February 07, 2018 10:51:49

Bangladesh Petroleum Corporation (BPC) has incurred a loss of over Tk 5.0 billion in fuel oil trading over the past three months to January as the price of the petroleum products in the international...

Foreign-aid budget to see cuts for slow project execution

FHM Humayan Kabir February 07, 2018 09:42:22

The government cuts foreign-aid component of Bangladesh development budget by 9.0 per cent or Tk 49.50 billion for project-implementation backlog, officials said. They said Tuesday the upcoming rev...

BD among top five fastest growing LDCs in 2017: UNCTAD

-- February 06, 2018 18:39:19

A United Nations conference has revealed that out of 45 Least Developed Countries (LDC) only five, including Bangladesh have achieved economic growth at 7.0 per cent or higher in 2017. The four other...

Global LNG gathering begins Feb 28 in Singapore

FE Online Desk February 06, 2018 13:22:35

SINGAPORE - Media OutReach - 6 February 2018 - More than 200 LNG experts from 25 countries are expected to convene at the two-day long 13th LNG Supplies for Asian Markets Conference (LNGA) at ONE...

South Korea’s tech boom to spur on growth, DHL trade data suggests

FE Online Desk February 06, 2018 12:52:52

SEOUL- 6 February, 2018 - South Korea's high-tech industry -- a powerhouse of both innovation and export production -- will add fire to the country's trade growth in the coming quarter, according to a...

Powell takes the reins at US Federal Reserve

-- February 06, 2018 12:17:15

Jerome Powell took the oath of office as Chairman of the US Federal Reserve, succeeding Janet Yellen. "Today, unemployment is low, the economy is growing, and inflation is low. Through our decisions...

Joydevpur-Elenga road project likely to get another revision

FHM Humayan Kabir February 06, 2018 10:22:03

A four-lane road construction project from Joydevpur to Elenga is likely to be revised both in terms of cost and implementation period due to its changed design with new components and widened scope o...

Ramshackle road repairs need Tk 211b in five yrs

Munima Sultana February 06, 2018 10:06:17

Needs assessment by a government agency figures out a demand for Tk 211.48 billion to mend and maintain ramshackle roads over next five years. Officials said a survey sponsored by the Roads and Hig...

Govt to build 163MW power plant in Mirsarai

FE Online Report February 05, 2018 23:19:33

The government plans to build a 163 megawatt (MW) dedicated power plant at Mirsarai Economic Zone (MEZ) to supply electricity to industries and factories to be located there. BR Powergen Ltd, a joint...

China expects inflation to moderate

-- February 05, 2018 14:16:31

China is expected to report solid growth in January trade this week, moderating inflation and resurgent bank lending, but the timing of the long Lunar New Year holidays will make it difficult to deter...

Govt suspends auctions of T-bills, bonds for February

Siddique Islam February 05, 2018 10:24:03

The government has suspended auctions of both treasury bills (T-bills) and bonds for the month of February to ensure proper cash management, officials said. Bangladesh Bank (BB) has already communica...

EU threatens to hit back US on trade

-- February 04, 2018 22:02:13

One of European Union’s (EU) senior officials is warning that the 28-nation bloc will hit back if US President Donald Trump takes trade measures against it. Budget commissioner of EU Guenther O...

Labour welfare conference begins

-- February 04, 2018 20:03:21

The five-day Labour Welfare Conference 2018 started at CIRDAP auditorium  in Dhaka on Sunday. Expatriates' Welfare and Overseas Employment Minister Nurul Islam BSc inaugurated the event, schedul...

NBR, BB sign MoU to prevent exodus of money   

FF Online Report February 04, 2018 18:41:06

The National Board of Revenue (NBR) is set to share information and extent international cooperation with a unit of the central bank to check money laundering from the country. To this end, NBR and B...

PT MNC Investama Tbk. downgraded to 'CCC-'

FE Online Desk February 04, 2018 13:35:43

SINGAPORE (S&P Global Ratings) Feb. 2, 2018--S&P Global Ratings today lowered its long-term corporate credit rating on PT MNC Investama Tbk. to 'CCC-' from 'CCC'. "In addition, we lowered o...

High taxes throttle ocean-going vessel industry's growth

Syful Islam February 04, 2018 09:40:24

High tax incidence and lack of incentives hinder business expansion of national flag-carrier vessels with a resultant loss of Bangladesh's market share to foreign shippers in international trade, busi...

Muhith sees lots of weaknesses in banking sector

FE Online Report February 03, 2018 18:22:06

Finance Minister AMA Muhith has said that there remain a lot of weaknesses in the country’s banking sector. He had soul-searching over the persisting problems in the sector on Saturday when h...

NBR listing wealthy people

-- February 03, 2018 17:38:05

National Board of Revenue (NBR) is preparing a list of the 'apparently' rich people, who pay comparatively less taxes, with the aim to collect some more money for the national exchequer. The NBR has...

Fed's Williams sees three or four rate hikes this year

-- February 03, 2018 16:36:14

A pickup in wage growth and inflation are signs of a healthy economy and at this point are not enough to force the US Federal Reserve to raise rates much more this year than the three times it has bee...

Myanmar to hold multi-stake holder forum

-- February 03, 2018 15:47:48

The Myanmar Rice Federation (MRF) will hold a multi-stake holder forum for sustainable development of rice industry this month, the official Global New Light of Myanmar reported Saturday. Under the...

Govt keen on ITFC credits as ADB looks noncommittal

Syful Islam February 03, 2018 10:23:08

A government body eagerly looks to the International Islamic Trade Finance Corporation (ITFC) as main source for financing huge investment needs in the emerging LNG sector, officials said. It found t...

Boost private investment to create more jobs: BB

Siddique Islam February 03, 2018 09:45:47

Bangladesh must increase the stymied private investment to boost economic growth and help generate enough jobs for its burgeoning workforce, the central bank recommends. "To reach the next phase of g...

BD’s budget 'more transparent' than India’s

-- February 02, 2018 11:00:01

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said, adding the lack of transparency would lead to seve...

Factories worldwide start 2018 on solid footing

-- February 02, 2018 09:57:22

Factories across the globe got off to a strong start this year, with manufacturing activity in most countries gaining momentum and hitting multi-year highs. Business surveys from Europe and Asia show...

BB set to allow banks to expand OBUs in EZs, hi-tech parks

Siddique Islam February 02, 2018 09:40:03

The central bank is set to allow banks to expand operations of their offshore banking units (OBUs) to facilitate implementation of the economic zones (EZs) and hi-tech parks with availability of forei...

WB lends $300m to upgrade cash transfer

-- February 01, 2018 13:45:42

The World Bank (WB) has approved a $300 million fund to improve the transparency and efficiency of major cash transfer programmes in Bangladesh. The project aims to benefit about five million of...

EC warns BD again of improving labour situation before GSP goes

Monira Munni February 01, 2018 10:13:14

The European Commission has reiterated its concern over the labour rights situation mainly in respect of freedom of association and successful implementation of the 'Compact' in the readymade garment...

US Fed keeps rates unchanged

-- February 01, 2018 09:54:36

The US Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central...

Taiwan gets new central bank governor after 20 years

-- February 01, 2018 09:50:13

Taiwan’s government has appointed Yang Chin-long, deputy governor of the island’s central bank, as its next governor, a government official said on Thursday. Yang will replace Perng Fai-n...