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Search results for: economy

Malaysia raises interest rate to 3.25pc

-- January 25, 2018 15:34:02

Bank Negara Malaysia (BNM) on Thursday raised its key interest rate to tap the brakes at a time growth has been robust and inflation creeping up. The central bank raised the key rate by 25 basis poin...

Autumn holiday hits S Korean Q4 export

-- January 25, 2018 14:52:00

Autumn holiday in October hit fourth-quarter industrial output of South Korea, as the car exporters and industrial production failed to keep up the dashing pace. The economic output of the fourth l...

IDB cancels $175.5m BD projects

-- January 25, 2018 11:19:03

The Islamic Development Bank ( IDB) has withdrawn $175.5 million fund commitments for two projects in Bangladesh as the country could not comply with policy deadlines. The bank’s Director Gener...

Law to punish currency counterfeiters soon

Syful Islam January 25, 2018 09:54:14

The government is going to enact a law keeping the provisions of fine, up to Tk 10 million, and life-term jail if one found guilty of producing and circulating counterfeit currency notes in the countr...

NBR for instant upload of import papers to stop data tampering

Doulot Akter Mala January 25, 2018 09:44:46

The customs wing of the revenue board has requested the central bank to upload relevant import documents on the web platform instantly to keep dishonest importers from evading tax through tampered doc...

NBR allows businesses to submit VAT returns thru courier, e-mail

FE Online Report January 24, 2018 22:09:24

Businesses from now on will be able to submit their Value Added Tax (VAT) returns through guaranteed express post (GEP), courier and e-mail. The revenue authority of the country – National Boar...

Govt okays framework to assess SDG progress

FE Online Report January 24, 2018 18:26:28

The government has approved the monitoring and evaluation (M&E) framework for Sustainable Development Goals (SDGs) in a bid to assess the implementation progress year-on-year.  The framewor...

Maximum facilities now on offer for entrepreneurs: PM

-- January 24, 2018 17:25:48

Prime Minister Sheikh Hasina has said Bangladesh is an excellent investment destination as the country provides maximum facilities for entrepreneurs. Sheikh Hasina also invited both the local and for...

South Korea Q4 GDP grows 0.1pc

-- January 24, 2018 15:12:06

The gross domestic product (GDP) of South Korea is expected to have slowed significantly in the fourth quarter (Q4) as October’s national holiday weighed on factory output. The economic growth...

Beijing govt to keep GDP target at 6.5pc

-- January 24, 2018 14:53:37

Beijing’s municipal government is likely to keep its 2018 gross domestic product (GDP) target at around 6.5 per cent, on par with the objective that Shanghai has set for itself this year. The t...

Auto industry to drive Japan economy, data shows

-- January 24, 2018 12:07:54

The strength of the automotive industry will play a major role in Japan's continued trade growth, say the findings of the Global Trade Barometer released on Wednesday by DHL, the world's leading logis...

BCIC to wind up Ghorashal, Palash fertiliser factories

Jubair Hasan January 24, 2018 09:59:24

Bangladesh's two decades-old major urea-manufacturing units -- Ghorashal and Palash fertiliser factories -- are destined to be history as government authorities decided to dismantle both, officials sa...

Private-sector credit squeezes as banks tighten belt

Siddique Islam January 24, 2018 09:56:26

Credit to private sector squeezed in December after a preceding upturn as most banks tried to comply with strictly-enforced advances-deposit ratio (ADR) rules, bankers said. "Banks were more focused...

Informality dominates BD, India job markets

FE Online Report January 23, 2018 21:40:43

The high incidence of informality is dominating the job markets in South and South-Eastern Asia, according to the World Employment and Social Outlook – Trends 2018. “Indeed, informality a...

ECNEC nods 14 projects including new VAT Act

FE Online Report January 23, 2018 17:51:06

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 14 development projects at a total cost of Tk 62.28 billion. The approval came from the 16th ECNEC meeting of the...

BD ranks 34 in WEF emerging economies Index

-- January 23, 2018 16:32:51

Bangladesh has been placed 34 at the emerging economies in World Economic Forum (WEF) Inclusive Development Index-2018. India ranked at the 62nd place among emerging economies on an Inclusive Develop...

BoJ holds monetary policy steady

-- January 23, 2018 16:15:15

Bank of Japan (BoJ) has kept monetary policy unchanged as it continues to grapple to achieve its lofty 2.0 per cent inflation target. The central bank on Tuesday offered a more upbeat view on inflati...

NPLs bother banking sector very much: Muhith

FE Report January 23, 2018 16:04:30

Finance Minister AMA Muhith said Monday the country's banking sector is bothered very much about the non-performing loans (NPLs) and argued that it has been a big problem since the independence when i...

Philippine Q4 GDP grows 6.6pc

-- January 23, 2018 14:45:40

Philippine’s economy grew 6.6 per cent in the fourth quarter of 2017, slightly below market expectations, while the annual gross domestic product (GDP) grew 6.7 per cent. The Philippine central...

Export growth remains high in Asia Pacific economies

FE Online Desk January 23, 2018 14:43:22

  SINGAPORE (S&P Global Ratings) Jan. 23,2018--Export growth remains high in the more trade-dependent Asia-Pacific economies, while domestic demand growth is broadening, said S&P Globa...

IMF projects 3.9pc growth for world economy

FE Online Report January 23, 2018 12:49:13

World economy may post 3.9 per cent growth in the current year, according to the latest projection of the International Monetary Fund (IMF). The fund released the World Economic Outlook Update Monday...

India’s growth set to lead global economy: Survey

-- January 23, 2018 12:42:15

India's economy holds the brightest growth prospects amongst the world's seven largest economies, according to results from the Global Trade Barometer released on Monday by DHL, the world's leading lo...

Central bank should enjoy more 'instrument independence'

FE Report January 23, 2018 11:25:28

Central banks in countries like Bangladesh should enjoy more 'instrument independence' in determining monetary policy, vital for moving an economy. Simultaneously, said a noted banker of India, there...

Global FDI drops in 2017: UNCTAD

FE Online Report January 23, 2018 10:50:10

Global flows of Foreign Direct Investment (FDI) dropped by 16 per cent in 2017, according to the latest UNCTAD Global Investment Trends Monitor. The UN body estimated the provisional value of globa...

NBR moves to set up TIU to check tax evasion

Doulot Akter Mala January 23, 2018 10:18:39

The National Board of Revenue (NBR) has moved to establish an automated tax information unit (TIU) with interconnectivity of data banks of other relevant entities to track large financial transactions...

Banks under pressure for asset mismatch

Siddique Islam January 23, 2018 09:37:25

Banking sector bears some pressures from declining asset quality, particularly of the state-owned banks, and tighter liquidity in some fourth-generation private banks, said the central bank. The Bang...

Muhith woos Norway to utilise FDI incentives

-- January 22, 2018 20:55:05

Finance Minister AMA Muhith urged Norway to invest in Bangladesh’s leather and pharmaceutical sectors. Muhith also said that Bangladesh offering various incentives to foreign investors for attr...

2.1m youths get self-employment training in eight yrs

-- January 22, 2018 20:36:15

Youth Development Department has trained some 2.1 million youths on different trades across the country in last eight years. The information was revealed as State Minister for Youth and Sports Biren...

BJA urges govt to lift embargo

FE Online Report January 22, 2018 15:26:22

Bangladesh Jute Association (BJA) has requested the government to withdraw the restriction on export of raw jute in the name of uncut BTR and BWR to protect their interests. The local raw jute export...

19pc of remittance goes to real estate

FE Online Report January 22, 2018 15:23:31

Around 19 per cent of the remittances received by the beneficiaries are invested in real estate, to be precise, purchase of liveable land and flats. The latest report of a survey, conducted by the ce...