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Search results for: economy

CBI keeps key interest rate unchanged

-- December 13, 2017 16:31:25

The Central Bank of Iceland (CBI) has kept its key deposit rate unchanged at 4.25 per cent after a meeting on Wednesday. The central bank officials said that they expected higher economic growth th...

Direct green finance by banks, FIs is only 5.88pc: Report

FE Online Report December 13, 2017 13:00:55

Direct green finance makes up only 5.88 per cent of the green finance of the banks and financial institutions (FIs) in the country, according to the latest review report of the central bank. The late...

New economic corridor 'can make $150b output by 2050'

FE Report December 13, 2017 10:58:53

The proposed South-west Bangladesh Economic Corridor (SWBEC) may help generate up to US$ 150 billion of economic output by 2050, if implemented in a well-coordinated manner, the Asian Development Bank...

BD to construct multipurpose terminal under 3rd Indian LoC

FHM Humayan Kabir December 13, 2017 09:39:23

The government will construct a multipurpose terminal with Indian Line of Credit (LoC) aiming to start commercial operation of Payra port by 2022, officials said Monday. The Indian government from it...

Muhith calls for more ADB fund

FE Online Report December 12, 2017 19:43:36

Finance Minister AMA Muhith requested the Asian Development Bank (ADB) to extend its support to assist Bangladesh’s effort to be a developed country. “You (ADB) should come forward with...

India's garment imports from Bangladesh up 56pc

-- December 12, 2017 17:33:49

India has imported $87.4 million worth of readymade garments from Bangladesh during July-November 2017. According to the data released by Export Promotion Bureau of Bangladesh, it is a 56 per cent ri...

Overseas employment to cross 1.0m this year

FE Online Report December 12, 2017 17:00:54

Expatriates' Welfare and Overseas Employment Minister Nurul Islam hopes that the number of overseas employment of 2017 will cross 1 milllion. The minister expressed his hope at a meet the press pro...

Cambodia's RMG export growth to slow next year: GMAC

-- December 12, 2017 14:17:53

The Garment Manufacturers Association of Cambodia (GMAC) said that the growth of the Southeast Asian country’s garment industry will slow down next year. Concerns about the impact of next year&...

BD’s rice output may drop this year: FAO

FE Online Report December 12, 2017 13:18:27

Production of rice in Bangladesh may decline marginally this year mainly due to negative impact of flood, according to the latest forecast of the Food and Agriculture Organisation (FAO) of the United...

Manila bank now accusing BD authority of heist cover-up!

-- December 12, 2017 10:17:59

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence an...

RMG bags most of Tk 348b import-tax waiver

Doulot Akter Mala December 12, 2017 09:35:14

Country's export industries enjoyed import-tax benefit worth Tk 348 billion through special bonded warehouse (SBW) facility alone last fiscal year, and RMG took almost all. Such a finding came in a s...

India in talks with Singapore for cruise tourism

-- December 11, 2017 22:30:28

India’s Union Minister Nitin Gadkari has said that talks are on with Singapore for cruise connectivity. Keen on promoting cruise tourism on a mega scale, India has huge potential for cruise tou...

BD-Belgium inks deal for dredging at Payra port

-- December 11, 2017 19:37:09

Payra Port Authority and a Belgium-based company on Monday signed an agreement for conducting capital dredging on the main channel of Payra seaport in Patuakhali. Chairman of Payra Port Authority Com...

Iran budget in as US tensions overshadow economy

Reuters December 11, 2017 15:22:56

Iranian President Hassan Rouhani proposed to parliament on Sunday a conservative state budget of about $104 billion for next year, with the outlook for the economy and state revenues clouded by tensio...

'Amend new VAT law to salvage it'

FE Report December 11, 2017 01:42:21

The revenue authority may consider amending the ditched new VAT law to resolve all controversies that forced its deferment, said a parliamentary body chief. Initiatives should be taken so that the...

Country’s most new taxpayers aged below 40!

-- December 10, 2017 21:45:28

Most of the country's new taxpayers belong to the under-40 age group. Finance Minister AMA Muhith came up with the disclosure on Sunday and thanked the young generation for helping expedite the state...

NBR honours 149 businesses on VAT day

FE Online Report December 10, 2017 19:21:14

The National Board of Revenue (NBR) awarded 149 businesses as highest VAT payers recognising their contribution to the public exchequer. Of them, nine highest VAT paying businesses are at national le...

Air pollution costs BD 1.0pc GDP every year

-- December 10, 2017 18:15:45

Bangladesh is losing 1.0 GDP every year due to air pollution, which is a key barrier to the country's vision to become an upper-middle income country, according to a new World Bank study. Bangladesh...

Tunisian parliament approves 2018 budget

-- December 10, 2017 12:59:22

Tunisia’s parliament has approved a 36 billion dinar ($14.55 billion) budget for next year which included a package of fiscal measures to cut the budget deficit. The budget for the fiscal yea...

Egypt's annual urban consumer price inflation falls in Nov

-- December 10, 2017 12:49:46

Egypt’s annual urban consumer price inflation fell to 26 per cent in November from 30.8 per cent in October, the official statistics agency CAPMAS said on Sunday. Inflation shot up in Egypt aft...

BAPEX starts drilling new gas well in Bhola

-- December 10, 2017 12:31:27

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) started the drilling of new gas well in Bhola on Saturday. The new gas well named Bhola North 1 is in the district's Sadar upaz...

RMG value addition stands at 73.82pc in Q1

FE Online Report December 10, 2017 12:25:42

Local value addition of the country’s Ready-Made Garments (RMG) industry stood at 73.82 per cent in the first quarter (Q1) of the current fiscal year (FY18). The quarterly review report of the...

Ceiling for income tax payers rises fivefold

Doulot Akter Mala December 10, 2017 10:37:47

The government raised the ceiling of income tax payment by treasury chalan five times for the convenience of taxpayers and easing collection complexities. Now taxpayers are allowed to pay up to Tk 50...

Govt in haste to get road dev project approved

FHM Humayan Kabir December 10, 2017 10:03:11

The government is set to approve yet another road development project without conducting a proper feasibility study and determining its priority, officials said Saturday. Roads and Highways Departmen...

Revenue collection falls to 10pc in FY Q1

-- December 09, 2017 13:06:42

NBR tax revenue collection fell short of the target by Tk 65.61 billion in the first quarter (Q1) of the current fiscal year (FY), data of an independent multidisciplinary think tank showed. The thin...

US job growth strong in November

-- December 09, 2017 11:46:13

US job growth increased at a strong clip in November, better than expected, with payrolls rising by 228,000 jobs. Service, health care and manufacturing firms helped to drive the gains, holding the u...

Feasibility study begins on new seaport, floating bay harbour

Syful Islam December 09, 2017 09:59:23

The government began a techno-economic feasibility study to build a new seaport and a floating harbour in the Bay of Bengal for tackling growing trade through the busy maritime corridor. Officials sa...

Project finishes sans installing the plant!

FHM Humayan Kabir December 09, 2017 00:38:35

A hybrid-power project undertaken for backwater Hatiya has finished sans installation of the plant, setting what insiders termed a bizarre instance of irregularities.     Sources...

British businesses react to Brexit progress

-- December 08, 2017 18:00:37

Britain and the European Union struck a divorce deal on Friday that paves the way for talks on trade, easing pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit. British bu...

Japan economy beats Q3 forecasts by double

Reuters December 08, 2017 12:46:22

Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks...