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Search results for: economy

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....

Bangladesh needs to highlight LDC advantages: Experts

FE Online Report November 30, 2017 20:20:53

Bangladesh should discuss its advantage as both an Least Developed Country (LDC) and non-LDC prospective in the upcoming WTO ministerial in Buenos Aires, said participants at a dialogue on Thursday. &...

‘Asia can attain sustainable growth thru’ SMEs’

-- November 30, 2017 19:14:24

Asian countries can achieve higher economic growth if they take innovation steps to develop Small and Medium Enterprises (SMEs), said Industries Minister Amir Hossain Amu. "SMEs considered as a vital...

NBR secures copyright of 'Tax ID Card'

-- November 30, 2017 18:45:33

The National Board of Revenue (NBR) has secured the copyright of 'Tax ID Card', a creative innovation of the revenue authorities to honour taxpayers in the country. The copyright office of the Cultu...

UN official sees BD on right track to graduate from LDC status

FE Online Desk November 30, 2017 15:52:09

A United Nations high official has said that Bangladesh seems to be on the right track to graduate from the Least Developed Country (LDC) status within the targeted timeframe. Fekitamoeloa Utoikamanu...

Yellen reiterates gradual rate hike path

-- November 30, 2017 15:12:10

US Federal Reserve Chair Janet Yellen reiterated that the low inflation might reflect transitory factors and expected inflation will move up to 2.0 per cent target over the medium term. She said that...

Thirty global firms to supply LNG to BD from spot mkts

M Azizur Rahman November 30, 2017 11:44:21

Bangladesh has selected 30 firms and their consortia from different countries across the globe to source LNG (liquefied natural gas) from spot markets to ensure availability of the energy. The Rupant...

SoEs' profit fall squeezes FY17 revenue earnings

Jasim Uddin Haroon November 30, 2017 10:27:55

Country's revenue from the second-biggest source shrank in 2016-17 as receipts from dividends and profits of the state-owned enterprises (SoEs) fell over 29 per cent short of Tk 323.50-billion target....

Individual tax return submission time expires today

FE Online Report November 29, 2017 20:58:18

The time for submission of tax returns by individual taxpayers is set to expire tomorrow (Thursday). The individual category taxpayers will have to pay 2.0 per cent monthly interest on the payable ta...

China to invest $2.3b in steel, power

-- November 29, 2017 19:38:55

China’s Kunming Iron & Steel Holding Company Ltd. will invest $2.3 billion for setting up a steel factory and a power plant in either Maheshkhali or Mirsarai economic zone. Bangladesh Econ...