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Search results for: economy

Floods affect country’s food production: FAO

-- November 10, 2017 15:17:47

A sequence of floods has dampened the outlook for Bangladesh, likely translating into a third successive season of little or negative food production growth, mainly rice, says UN agency FAO. Barring...

China to expand corporate tax cuts

-- November 10, 2017 11:39:44

China will expand corporate tax rate cuts for high-tech services firms nationwide, in an effort to boost its overall competitiveness. China’s finance ministry said on Friday that the tax rate f...

Japan manufacturers' mood slips

-- November 10, 2017 11:14:04

Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed. But the manufacturing confidence remained strong - underscoring the thir...

Gas crisis hurting output in industrial belt

Nashir Uddin November 10, 2017 00:32:26

Factories in the country's Tongi-Gazipur industrial belt have been facing acute gas crisis over the past few months following diversion of gas to 'upstream' power plants. The crisis has deteriorated...

Oxford Cambridge 'investing millions of pounds offshore', Paradise Papers reveal

-- November 10, 2017 00:29:26

The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers. Both universities are said to have invested in funds...

Govt not to give state-owned factory lands

-- November 09, 2017 20:32:14

Industries Minister Amir Hossain Amu has said that the government will not hand over land of state-owned factories to the private sector. "The unused land of the state-owned factories will be used fo...

Four months’ export earnings rise to $11.5b

FE Online Report November 09, 2017 18:18:07

The country's export earnings during the first four months of the fiscal year 2017-18 grew by 7.03 per cent to $11.50 billion. Official data released on Thursday said the earnings were $10.79 billion...

UK house prices stall; London falls

-- November 09, 2017 15:22:19

House prices in Britain have stalled, the prices are falling in London at their fastest pace since 2009, the Royal Institution of Chartered Surveyors said on Thursday. RICS’s benchmark house pr...

RHD projects likely to be costlier soon

Munima Sultana November 09, 2017 09:56:26

Building roads and bridges in the public sector is likely to cost the government more in the future days as a move is underway to revise upward the prices of construction materials, sources said. The...

84 families get Kor Bahadur title

-- November 08, 2017 23:04:19

The government has honoured 84 families from 64 districts for paying highest amount of taxes in fiscal 2016-17. The families have got the ‘Kor Bahadur’ title for their contributions to na...

Agent banking accounts go past 1.0m mark

-- November 08, 2017 22:32:33

Banks in the country are gradually expanding agent banking activities across the country as the number of accounts has already crossed 1.0 millon. According to the Bangladesh Bank (BB) quarterly data...

SDG implementation needs additional $928b: Study

-- November 08, 2017 19:40:21

Bangladesh will require an additional amount of USD 928.48 to fully implement the Sustainable Development Goals (SDGs) in the country, a study reveals.  According to the study, the amount is req...

China trade surplus with US falls in Oct

-- November 08, 2017 14:18:33

China’s trade surplus with the United States fell in October to $26.62 billion from $28.08 billion in September, according to data from China’s customs administration on Wednesday. The su...

Bankers, SME entrepreneurs meet in Barisal

FE Online Desk November 08, 2017 11:33:56

A meeting between bankers and SME entrepreneurs was held at Amrit Lal Dey conference center in Barisal recently. Islami Bank Bangladesh Ltd (IBBL) arranged the event, supervised by Bangladesh Bank, sa...

Shahbazpur gas may remain unutilised for poor demand

M Azizur Rahman November 08, 2017 09:55:46

The new-found natural gas in a well at Shahbazpur of Bhola gas field might remain unutilised for a long period due to a very limited demand in the island that is not connected to the national gas grid...

Fund crunch hits tunnel project

Munima Sultana November 08, 2017 09:48:04

More than a year after the Chinese president laid the foundation stone, the construction work of the country's first tunnel under the Karnaphuli river is yet to start as Chinese Exim Bank has not yet...

July-Oct ADP spending 'highest-ever'

FE Report November 08, 2017 00:37:59

The government agencies have spent 14.53 per cent of the Annual Development Programme (ADP) outlay in July-October period of this fiscal, one percentage point up from the rate in the corresponding p...

Offshore multi-client seismic survey hits snag

-- November 07, 2017 23:01:05

The Law Minister-led investigation committee could not yet submit report although about 15 months have elapsed since its formation to look into whether there was any irregularity in the tender process...

New ‘code of conduct’ for banks, NBFIs

FE Online Report November 07, 2017 22:46:05

The central bank has circulated a ‘Code of Conduct’ for all banks and non-bank financial institutions (NBFIs) of the country with effect from January 1. All banks and financial institutio...

ECNEC okays project to boost farmers’ income

-- November 07, 2017 16:34:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus inc...

Apple 'moved billions' to avoid tax crackdown

BBC November 07, 2017 10:28:48

The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show. They reveal how Apple sidestepped a 2013 crackdow...

BB fixes ceiling on mobile banking accounts

-- November 06, 2017 22:09:13

The central bank has asked the mobile banking customers not to keep more than Tk 300,000 in their accounts with effect from January next year. The Bangladesh Bank fixed the ceiling on Monday with an...

Biman’s move for ground handling partner falters

'The nat’l carrier earns $30-35m a year from ground handling' November 06, 2017 18:37:34

Biman Bangladesh Airlines' move to have a partner for ground handling activities at the country's airports is yet to see any tangible progress although nearly two years have already elapsed. When ask...

Investment proposals for July-Sept leap 140pc: BIDA

-- November 06, 2017 18:30:38

Investment proposals rose by 140 per cent during July-September period this year, according to the latest data of the Bangladesh Investment Development Authority (BIDA). During that period, BIDA rece...

German industrial orders rise in Sept

-- November 06, 2017 15:24:33

German industrial orders rose unexpectedly in September, driven by strong demand for machines, cars and other capital goods, data showed on Monday. The data from the Economy Ministry also suggesting...

Italian services growth falls in Oct

-- November 06, 2017 15:16:06

Growth in Italy’s service sector slowed for a third straight month in October, a survey showed on Monday, a sign a recent flurry in economic activity may be petering out. The Markit/ADACI Busin...

Study shows nightlight intensity’s correlation with GDP level

FE Online Report November 06, 2017 15:11:15

Economic growth measures the performance of an economy. But to what extent do the available data on commercial activities genuinely represent a nation's performance? Gross Domestic Product (GDP) is...

Trump slams 'unfair' Japan trade ties

-- November 06, 2017 13:53:56

US President Donald Trump has lashed out at Japan over trade and said he would push for a fairer economic relationship between the two countries. Speaking to business leaders in Tokyo on Monday he sa...

163 Bangladeshis take Malaysian second home in H1

FE Online Report November 06, 2017 13:07:29

During the first half of the current calendar year, some 163 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. Statistics released b...

Move to make bond mkt active

FE Online Desk November 06, 2017 10:35:43

Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country's bond market active. The decision came at...