Search results for: Economy

Online VAT project fated to miss its Dec ’20 deadline

DOULOT AKTER MALA 2019-12-15 10:10:24

A Vietnamese firm that has been assigned to automate the VAT administration is set to miss the deadline because of its incapacity and the required back-up administrative reform. About Tk 2.76 billion...

Hard-term loan kitty set to be bigger

FHM HUMAYAN KABIR 2019-12-14 10:05:03

The volume of the country's hard-term loan is likely to go up in the coming days as the government has amended the foreign borrowing terms, officials said. The government has recently relaxed its for...

Industrial sector to get single-digit lending rate, loan defaulters barred

Siddique Islam 2019-12-13 10:15:39

The Bangladesh Bank (BB)-formed committee submitted its report to the governor on Thursday, and recommended that only industrial manufacturing sectors will be eligible for availing single-digit lendin...

Service charge not major issue in India transit: Mustafa Kamal

-- 2019-12-12 21:42:28

Finance Minister AHM Mustafa Kamal on Thursday said service charge is not the main issue in providing transit and other facilities to India. “We don’t consider the service charge as the m...

NZ visitor arrival growth hits record low

-- 2019-12-12 15:14:11

Growth in annual visitor arrivals in New Zealand dropped to its lowest level in seven years, as the number of visitors from Asia continued to fall, New Zealand statistics department Stats NZ has said....

US Fed holds rates steady

-- 2019-12-12 15:06:30

The US Federal Reserve has left interest rates unchanged after cutting rates at each of the last three meetings, as officials assessed the effect of rate cuts on the US economy. The Federal Open Mark...

Dhaka, Prague sign double taxation avoidance agreement

FE REPORT 2019-12-12 12:27:18

Bangladesh and Czech Republic entered into a double taxation avoidance agreement (DTAA) on Wednesday with an eye to enhancing bilateral cooperation and boosting investment. The deal was signed at the...

Govt initiates climate smart agri projects

FE Online Report 2019-12-11 16:59:39

The government  in collaboration with the World Bank on Wednesday launched two climate smart plan and projects to address impacts of climate change on farming in the country. Agriculture Ministe...

US, Canada and Mexico sign fresh deal to replace NAFTA

Reuters 2019-12-11 14:13:48

Top officials from Canada, Mexico, and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices f...

'GDP indicators don't amply reflect living standards of all'

FE Report 2019-12-11 11:00:02

Mario Pzzini, a global scholar, has said the GDP (gross domestic product)-related indicators do not adequately reflect people's living standards, although (increasing) it is in the core action policy...

Bangladesh to seek higher aid flow from WB

FHM HUMAYAN KABIR 2019-12-11 10:17:41

Bangladesh will request for extended support from the World Bank (WB) in its upcoming three-year aid package for facilitating the country's growing demand for development investment, officials said on...

Central bank to release new taka 50 notes

-- 2019-12-10 21:44:29

Bangladesh Bank (BB) will release new Taka 50 notes on December 15 in phases. The new Taka 50 notes will be ‘reddish orange’ in colour. It will bear the picture of Bangabandhu and signatu...

ECNEC approves cost revision of HSIA extension project

BSS 2019-12-10 20:08:21

The Executive Committee of the National Economic Council (ECNEC) has approved the first revision of the Hazrat Shahjalal International Airport (HSIA), 1st phase, Project with an additional cost of Tk...

President calls for mutual cooperation for SDGs implementation

-- 2019-12-10 19:43:18

Noting that the financing gap is the main challenge for Bangladesh to attain the Agenda 2030, President Abdul Hamid on Tuesday called for mutual cooperation among the nations and the developed countri...

$540m ADB funding for human resource development

-- 2019-12-10 18:31:46

Asian Development Bank (ADB) would provide US$540 million as concessional loans for skilled human resource development in tertiary education sector of Bangladesh, reports BSS.  “ADB will g...

Inflation reaches 6.05pc in November

-- 2019-12-10 17:11:29

The general point-to-point inflation rate reached 6.05 percentage point in November. “The general point-to-point inflation rate in November reached 6.05 percentage point,” said Planning M...

BD’s economic growth hits record 8.15pc in FY19

BSS 2019-12-10 17:10:34

The economy of Bangladesh grew by a record 8.15 per cent and the per capita income reached US$1,909 in the fiscal 2018-19. Planning Minister MA Mannan gave the information while briefing reporters af...

Trade deficit ups slightly in July-October

FE ONLINE REPORT 2019-12-10 14:59:08

Country’s merchandise trade deficit with the rest of the world increased slightly in the first four months of the current fiscal year (FY20). Statistics released by the central bank today (Tues...

Economists expect US growth to slow to 1.8pc in 2020

-- 2019-12-10 13:30:06

A panel of 53 professional forecasters anticipate that US Gross Domestic Product (GDP) growth will slow to 1.8 per cent in 2020, according to a new survey from the NABE released Monday. "NABE Outlook...

Philippines' total trade declines 6.7pc in Oct

-- 2019-12-10 13:21:41

The Philippines' total external trade in goods in October declined by 6.7 per cent, amounting to 15.89 billion US dollars from the $17.03 billion external trade in the same month of 2018, the PSA) has...

NBR opens 03 more LC stations for trade with Nepal, Bhutan

FE REPORT 2019-12-10 10:27:58

The revenue board has opened three more customs ports for import and export of goods from Nepal and Bhutan using Indian territory. The land customs stations (LCs) include Tamabil of Sylhet, Chilmari...

BB body explores options to cut lending rate

FE REPORT 2019-12-10 10:10:46

The Bangladesh Bank (BB)'s high-powered committee is trying to explore different options to bring down the industrial lending rate to single-digit from the existing level. Different issues including...

Remittance inflow increases by 22.67pc in 5 months

BSS 2019-12-09 16:55:54

Expatriate Bangladeshis sent US$7,714.19 million remittances in the first five months of the current fiscal 2019-20, which is 22.67 per cent higher than the amount of corresponding period of the prece...

BD slips 15 notches in global e-commerce index

Saif Uddin 2019-12-09 10:06:16

Bangladesh has ranked 103rd out of 152 countries in the global E-commerce Index 2019, prepared by the United Nations Conference on Trade and Development (UNCTAD). The country slipped by 15 notches...

'Eligible e-TIN holders must submit income tax return'

-- 2019-12-08 20:12:11

Eligible electronic taxpayer identification number (e-TIN) holders would be forced to submit their income tax return after January 15. National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bh...

'Bangladesh becomes self-sufficient in fish production'

BSS 2019-12-07 18:42:13

Bangladesh has attained self-sufficiency in fish production as the country’s per capita fish consumption has increased to 62.58 grams per day against the demand of 60 grams. State Minister for...

Cyprus economy likely to slow down in 2020

-- 2019-12-07 15:00:10

Cypriot Finance Minister Constantinos Petrides had said that the country's economic growth is expected to slow down to 2.9 per cent in 2020 from 3.2 per cent this year. Presenting to parliament the s...

Canada's jobless rate climbs to 5.9pc in Nov

-- 2019-12-07 14:21:25

Canada's jobless rate rose to 5.9 per cent in November from 5.5 per cent in October, Statistics Canada has said. According to the statistics report, published on Friday, the country’s job marke...

China’s RMG industry reports lower revenue

-- 2019-12-07 14:03:46

The revenue of China's ready-made garment (RMG) industry was lower in the first 10 months of the current year, said the Ministry of Industry and Information Technology (MIIT). From January to October...

Trade war goes digital: Countries eye tariffs on Internet economy

REUTERS 2019-12-07 10:17:24

A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing peo...