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Search results for: economy

US factory orders slip in October

-- December 05, 2017 15:42:42

New orders for US-made goods fell 0.10 per cent in October and shipments of core capital goods were much stronger than previously reported, the Commerce Department has said. Factory goods orders dipp...

Australian retail sales bounce in Oct

-- December 05, 2017 15:33:44

Australian retail sales bounced in October after months of lukewarm demand, a bright sign for spending in the upcoming holiday season as Amazon.com Inc opened its doors for business Down Under. The r...

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk December 05, 2017 12:55:22

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...

Asia-Pacific credit conditions improving, tail risks rising

FE Online Desk December 05, 2017 11:36:08

Credit prospects are better for Asia-Pacific economies given that market fears that were prominent a year agohave largely abated. That's according to S&P Global Ratings in a reportpublished rece...

Interest rate spread drops slightly in October

FE Report December 05, 2017 11:16:04

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

Confusion causes delay in Jamuna tunnel study

Munima Sultana December 05, 2017 10:00:53

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Stressed advances now 17pc of banks' outstanding loans

FE Report December 05, 2017 00:55:01

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

BD's investment policy most liberal, PM tells Cambodian businessmen

-- December 04, 2017 16:27:54

Prime Minister Sheikh Hasina has said investment policy of Bangladesh is the most liberal in South Asia. “It (the policy) includes protection of foreign investment by law, generous tax holiday,...

Global ad costs to grow 4.1pc in 2018: Zenith

Reuters December 04, 2017 15:35:01

Leading forecaster Zenith lowered its prediction for global advertising expenditure growth in 2018 to 4.1 per cent to reach $578 billion by the end of the year, with marginal downgrades in North Ameri...

Bangabandhu hi-tech park to create 14,000 jobs

-- December 04, 2017 13:32:19

Bangabandhu Hi-tech Park will create 14,000 new jobs in Rajshahi. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said this while he was distributing rehabilitati...

Britain to probe Brexit impact on drug sector

BBC December 04, 2017 10:12:02

Brexit may affect the cost of medicines and hit UK pharmaceutical investment, a Commons committee head has warned. Rachel Reeves, who chairs the Business, Energy and Industrial Strategy (BEIS) commit...

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam December 04, 2017 00:46:33

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their...

Bad debt grows faster than credit in Bangladesh!

-- December 03, 2017 22:23:21

Only 20 per cent of the loans written off by banks in Bangladesh have been recovered in the last 12 years, says a new report. The study by LR Global Bangladesh says the country has the highest share...

Foreign credit use to rise for financing budget deficit

-- December 03, 2017 21:18:30

A top official in Dhaka has said that the government wants to increase the use of foreign credit in offsetting the budget deficit. Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam on Su...

Remittance inflow rises 4.47pc in Nov

-- December 03, 2017 20:47:39

The country's remittance inflow has witnessed a 4.47 per cent rise in the month of November compared with last month of October 2017.  The increase is 27.68 per cent higher than that of November...

Khulna receives 146,000 tax returns

-- December 03, 2017 20:22:25

The income tax zone in Khulna received a massive response from the individual taxpayers in the current fiscal year as the record numbers of return submission and revenue collection had been made. On...

Foreign exchange reserves fall

-- December 03, 2017 18:52:55

Bangladesh's foreign exchange reserves fell in November, although it rose by four per cent than that of previous year. November’s foreign exchange reserve fell to US$32.60 billion from the prev...

IRRI claims rice research breakthrough after 9yrs

-- December 03, 2017 18:45:43

The International Rice Research Institute (IRRI) has briefed Bangladesh's Agriculture Minister Matia Chowdhury about the groundbreaking progress of a new rice type. Experts say the new variety, once...

Canada’s economy cools in Q3

-- December 02, 2017 11:34:09

The Canadian economy slowed in the third quarter after a hot first half of the year as exports tumbled, but an acceleration in hiring and wage growth last month was seen giving the central bank reason...

JICA sees SPM pipeline as major obstacle to Matarbari seaport

Syful Islam December 02, 2017 10:17:14

The pipeline of single point mooring (SPM) will emerge as a major obstacle to the main channel of the proposed seaport in Matarbari area, Japan International Cooperation Agency (JICA) has informed the...

NBR collects Tk 42.81b income tax until Nov 30

FE Report December 02, 2017 09:47:20

The National Board of Revenue (NBR) received over Tk 42.81 billion (4,281.32 crore) as income tax until November 30, 2017, up by 28.37 per cent over the corresponding time of 2016. A total of 15,56,6...

Bangladesh slips one step in global entrepreneurship index

FE Report December 02, 2017 09:36:18

Bangladesh fell one notch down the latest Global Entrepreneurship Index to 134th position among 137 countries taken for global ranking, indicating some drawback to the country's business environment....

Entrepreneurs should supplement economic growth, urges Tofail

-- December 01, 2017 19:40:57

Commerce Minister Tofail Ahmed on Friday urged private sector entrepreneurs to add-on to the government's efforts to build a self-sufficient economy. The minister said it while speaking as chief gue...

Jewellery sector in jeopardy as artisans opt out

-- December 01, 2017 16:40:29

Many goldsmiths and artisans are leaving their job or migrating to India as the demand for gold ornaments falls and the wages decline. The mass opt-out of the goldsmiths and artisans has put the coun...

Japan Oct CPI edges up

-- December 01, 2017 14:53:55

The core consumer prices in Japan rose in October from a year earlier, marking the 10th straight month of gains, but a narrower measure that excludes energy showed inflation has not accelerated for th...

Ireland’s manufacturing output surge

-- December 01, 2017 14:42:51

Ireland’s manufacturing output growth accelerated in the three months to November, surged to an 18-year high, a survey showed on Friday. The output seen higher, with strong new orders at home...

China factory growth slows in Nov: Caixin PMI

-- December 01, 2017 14:35:09

China’s manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence, survey showed. The...

India's economy grows 6.3pc in Q3

-- December 01, 2017 14:24:50

India's economic growth bounced back in the second quarter (July-September), grew 6.3 per cent in the Q2 from a year earlier, government data showed on Thursday. Gross domestic product (GDP) grew fas...

WB to help introduce direct cash delivery by banks

FHM Humayan Kabir December 01, 2017 10:51:42

The World Bank (WB) would assist in rebuilding the system of government cash transfers under the social-safety-net programme (SSNP), introducing direct delivery by banks to recipients to end irregular...

'Extend bond facility to potential non-RMG sectors too'

FE Report December 01, 2017 10:28:35

Speakers at a roundtable recommended Thursday the government to offer uniform incentives, including the bonded warehouse facility, to the non-readymade garment sector to help diversify export items....