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Search results for: EC

ADB projects 7.5pc growth for FY19

ADB projects 7.5pc growth for FY19

-- 2018-09-26 13:31:56

The Asian Development Bank (ADB) has projected 7.5 per cent economic growth for Bangladesh for the current fiscal year, slightly below than the government’s estimate of 7.8 per cent. The growth...

Banks to offer single-digit rate soon: Muhith

Banks to offer single-digit rate soon: Muhith

FE Report 2018-09-26 10:45:03

Finance Minister A M A Muhith has expressed the hope that the private commercial banks (PCBs) will bring down their lending rate to single digit shortly. "I expect the banks will bring it down. So...

Private foreign borrowing now costlier than before

Private foreign borrowing now costlier than before

Jubair Hasan 2018-09-26 09:36:08

Amid impending risks, foreign borrowing by the country's private sector keeps rising, which in turn increases the external debt gradually. Bankers, beneficiaries and financial market analysts said th...

Australian cash deficit reaches $10.1b

Australian cash deficit reaches $10.1b

-- 2018-09-25 15:20:42

Australia's cash deficit has reached 10.1 billion Australian dollars or 0.6 per cent of GDP, the lowest level in a decade, the government announced on Tuesday. The Final Budget Outcome for the 2017-1...

Snapchat ties up with Amazon for point-and-buy

Snapchat ties up with Amazon for point-and-buy

-- 2018-09-25 13:12:31

Snap Inc - a multimedia messaging app used globally said it is testing a new way to search for products on Amazon.com through its Snapchat app’s camera, allowing users to shop directly using the...

Experts warn on crony capitalism gripping country

Experts warn on crony capitalism gripping country

FE Report 2018-09-25 09:57:58

Bangladesh is going through a 'crony capitalism' phase due to the growing nexus between certain political class and business class, experts said at a workshop in the capital on Monday. Such 'monopoli...

US wants to invest in telecom sector

US wants to invest in telecom sector

-- 2018-09-24 19:47:49

The United States has expressed its interest to investment in telecommunication sector of Bangladesh. US envoy in Dhaka Marcia Bernicat conveyed the interest of her country during a meeting with Post...

Waning grant flow impacting budget financing

Waning grant flow impacting budget financing

Jasim Uddin Haroon 2018-09-24 09:31:37

The availability of foreign grant has been declining over the past few years, putting the government's budget financing under pressure. Development partners now view that Bangladesh's gross national...

‘Bangladesh economy performing well’

‘Bangladesh economy performing well’

-- 2018-09-23 16:31:37

Expecting another decade of vibrant economic activities, Finance Minister AMA Muhith today (Sunday) said Bangladesh’s economy has been performing well for the last 10 years. “We have mana...

Japanese explorer robot lands on asteroid

Japanese explorer robot lands on asteroid

-- 2018-09-23 13:11:41

Two small robotic rovers that had been released from Japan's space probe Hayabusa2 successfully landed on the asteroid Ryugu, Japan's space agency said Saturday. The Japan Aerospace Exploration Agenc...

Resource mobilisation biggest challenge to SDGs: Report

Resource mobilisation biggest challenge to SDGs: Report

Mehdi Musharraf Bhuiyan 2018-09-23 09:51:45

Resource mobilisation remains the "biggest challenge" for the implementation of the UN's Sustainable Development Goals in Bangladesh, a forthcoming government report has cautioned. Traditional source...

China's civil aviation sector grows steadily in Jan-July

China's civil aviation sector grows steadily in Jan-July

-- 2018-09-22 14:19:15

The civil aviation sector in China expanded at a steady rate in the first seven months of the current year, according to the Civil Aviation Administration of China. Total air transport turnover reach...

Netherlands to help BD export jute products

Netherlands to help BD export jute products

-- 2018-09-22 13:45:36

The Netherlands has assured support for exporting diversified jute products from Bangladesh to the European Union (EU) market. This was conveyed to Bangladesh Ambassador to the Netherlands Sheikh Moh...

WB to help India get richer

WB to help India get richer

-- 2018-09-22 13:29:31

The World Bank (WB) has endorsed an ambitious five-year framework for India with $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country. The...

Scientists find 558m years old fossil

Scientists find 558m years old fossil

-- 2018-09-22 13:01:37

A study published recently in the journal Science revealed the earliest confirmed animal in the geological record that lived 558 million years ago. Scientists have discovered molecules of fat in an a...

NASA telescope discovers two new planets

NASA telescope discovers two new planets

-- 2018-09-21 20:54:34

  ORLANDO, Sept 21: A planet-hunting orbital telescope designed to detect worlds beyond our solar system discovered two distant planets this week five months after its launch from Cape Canaveral...

HK's losses from Typhoon Mangkhut to be bigger than Typhoon Hato

HK's losses from Typhoon Mangkhut to be bigger than Typhoon Hato

-- 2018-09-21 20:33:25

HONG KONG: The overall economic impact of Typhoon Mangkhut, the most intense storm to hit Hong Kong since records began, is expected to be "significantly" higher than that caused by Typhoon Hato last...

Japan hopes for historic asteroid landing

Japan hopes for historic asteroid landing

-- 2018-09-21 19:08:00

Japan's space agency (JAXA) believes it has successfully landed two robotic explorers on the surface of an asteroid, making history. "We don't have confirmation yet, but we are very, very hopeful," p...

Govt to modernize three jute mills

Govt to modernize three jute mills

-- 2018-09-21 18:52:18

 The government has taken a project for modernization and expansion of three Jute mills under the Bangladesh Jute Mills Corporation (BJMC) at a cost of Tk 1.74 billion to retain the lost glory of...

Facebook stops sending staff to help political campaigns

Facebook stops sending staff to help political campaigns

-- 2018-09-21 18:41:04

Facebook will no longer send employees to work at the offices of political campaigns during elections, the company has announced, reports BBC. The social network used to offer dedicated staff to poli...

Copper hits six-week high

Copper hits six-week high

-- 2018-09-21 18:27:25

Copper prices on Friday were on track for their biggest weekly rise since early June as investors calculated that a trade dispute between the United States and China could cause less damage than feare...

Access to China post ends Nepal’s dependence on India

Access to China post ends Nepal’s dependence on India

-- 2018-09-21 17:51:37

KATHMANDU, Sept 21: China has granted Nepal access to its land and seaports, top officials of the two countries announced earlier this month, ending the landlocked Himalayan nation's dependence on Ind...

KSA to join China-Pakistan project

KSA to join China-Pakistan project

-- 2018-09-21 16:24:10

Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Pakistan Pr...

India gets $25-30b WB’s support for transition to high-middle income nation

India gets $25-30b WB’s support for transition to high-middle income nation

-- 2018-09-21 16:15:10

A day after Indian Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board Friday endorsed an ambitious five-year Country Partnership Framework (CPF) fo...

Govt may increase gas prices  next week

Govt may increase gas prices next week

-- 2018-09-21 15:53:53

Government is all set to hike gas prices next week.   However, residential and commercial consumers will be spared from paying higher prices, according to a report by UNB.   The upward...

Google defends Gmail data sharing

Google defends Gmail data sharing

-- 2018-09-21 15:43:45

American multinational technology company Google gave details about its policies for third-party Gmail add-ons but stopped short of fully addressing questions from US senators about developers who bre...

French second-quarter GDP grows 0.2pc

French second-quarter GDP grows 0.2pc

-- 2018-09-21 15:17:23

The French economy grew 0.2 per cent in the second-quarter (Q2), unchanged from a previous estimate and the same rate as that seen in the first quarter, official data showed on Friday. The world's...

Dollar struggles near 2-1/2-month lows, yen slips

Dollar struggles near 2-1/2-month lows, yen slips

-- 2018-09-21 14:11:36

The dollar struggled near 2-1/2 month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-US trade conflict would not lead to an...

Amazon adds Echo devices for home, car

Amazon adds Echo devices for home, car

-- 2018-09-21 13:54:15

Amazon.com Inc introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled devices...

Euro zone consumer confidence falls in September

Euro zone consumer confidence falls in September

-- 2018-09-21 13:27:38

Euro zone consumer confidence fell in September by more than expected, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer morale in September...