Search results for: Economy

ODCs key barrier to signing of PTAs

SYFUL ISLAM 2019-11-06 10:14:08

Other duties and charges (ODCs) have emerged as one of the major barriers to signing of preferential trade agreements (PTAs) between Bangladesh and several countries, officials have said. At present,...

USAID study identifies BD's six promising sectors beyond RMG

FE Online Report 2019-11-05 20:53:04

The United States Agency for International Development (USAID) has identified six promising sectors which can play a vital role to further boost the economy of Bangladesh. USAID’s Comprehensive...

Inflation slightly declines in October

UNB 2019-11-05 16:38:19

The inflation rate decreased to 5.47 per cent in October from 5.54 per cent in the previous month thanks to significant fall in prices of non-food items and some food commodities. “Despite pric...

ECNEC clears Tk 34.49b project to ensure nuclear plant safety

-- 2019-11-05 15:12:26

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects, including Tk 34.49 billion (3,449.05 crore) Physical Protection System (PPS) Project to Rooppur Nucle...

RBA keeps interest rate on hold at 0.75pc

-- 2019-11-05 12:15:37

The Reserve Bank of Australia (RBA) decided to keep the official interest rate on hold at 0.75 per cent following a monthly board meeting on Tuesday. The country's interest rate will remain at the al...

Jul-Oct remittance inflow crosses US$6.0b

FE REPORT 2019-11-05 09:55:25

The inflow of remittances crossed US$6.0 billion in the first four months of the current fiscal year (FY) as the government started providing incentive to the beneficiaries against inward remittance....

Emphasis on recognising women’s unaccounted household works in GDP

FE Online Report 2019-11-04 18:51:11

The contribution of women’s unaccounted household works needs to be incorporated in the gross domestic product (GDP), said experts.   The view came up at a programme on Monday at a dialogu...

China says no 'promise fatigue' on opening its economy

Reuters 2019-11-04 16:48:11

There is no “promise fatigue” about China’s efforts to open its economy to foreign businesses, the government said on Monday on the eve of week-long import fair, after the European U...

Foreign tourist arrivals to Cambodia rise 10pc

-- 2019-11-04 12:23:31

Cambodia received 4.81 million international visitors in the first nine months of 2019, up 10 per cent over the same period last year, Tourism Minister Thong Khon said on Monday. About 70.5 per cent...

WB to prepare next CPF for Bangladesh from Jan

FE REPORT 2019-11-04 10:47:41

World Bank Country Director Mercy Miyang Tembon on Sunday said the bank is going to prepare a four-year country partnership framework (CPF) for Bangladesh from January, 2020. "In the framework, it wi...

Economy thriving on 'mega projects'

FE REPORT 2019-11-04 10:24:42

The country's macro-economy is now dependent on public investment meant for building mega projects, said local think-tank Centre for Policy Dialogue, or CPD, on Sunday. The CPD said such type of econ...

CPD shows concern for government's reliance on public investment

FE Online Report 2019-11-03 17:15:28

The government is stepping into an economic management system which is fully based on public investment, where infrastructure comprises all outlays, Centre for Policy Dialogue (CPD) distinguish fellow...

China top source of FDI in BD

ASJADUL KIBRIA 2019-11-03 14:24:09

China became the top source of the inflow of foreign direct investment (FDI) in Bangladesh in the past fiscal year (FY19) ended on June 30, 2019. Detailed statistics on FDI, released by Bangladesh Ba...

Public, private sectors complement each other: Finance minister

-- 2019-11-02 18:52:58

Stressing the need for creating a bridge between the public and private sectors, Finance Minister AHM Mustafa Kamal has said both the sectors are complimentary to each other and the private sector can...

SANEM arranges second series of SDG workshop

FE Online Report 2019-11-02 18:24:48

South Asian Network on Economic Modelling (SANEM) SDG Centre held its second workshop on Saturday (November 02, 2019) at a hotel in the capital. The workshop had three sessions in total, conducted se...

China invests $10b in B&R countries in first three quarters

-- 2019-11-02 13:45:26

China's non-financial investment in countries along the Belt and Road (B&R) stood at 10.04 billion US dollars in the first three quarters, down 6.9 per cent year on year, according to the Ministry...

Developing soft skills a must

FE Online Desk 2019-11-02 12:34:20

Developing the soft skills is urgently needed to be a successful entrepreneur. "Focusing on your communication skills -- from reading body language to summing up your value in a f...

Govt's bank borrowing may reach Tk 55b this month

SIDDIQUE ISLAM 2019-11-02 10:06:17

The government is set to borrow a net Tk 55 billion from the country's banking system for the month of November to partly meet its budget deficit, officials said. The government may take up to Tk 144...

Tannery village to be set up in Mirsarai Economic Zone

-- 2019-11-01 17:16:29

Tannery Village, the second of its kind in the country, will be set up in Mirsarai Economic Zone (MEZ) in Chattogram in the near future. MEZ has awarded allocation of nearly 300 acres of land from BS...

NBR begins tax survey to identify 1.2m new taxpayers

-- 2019-11-01 17:02:29

The National Board of Revenue (NBR) has started a fresh tax survey to identify 1.2 million new tax payers in the country. Different tax zones across the country are conducting the month-long survey b...

BD tops list of Japan ODA recipients

MUNIMA SULTANA 2019-11-01 11:10:35

Bangladesh came out on top of the league of recipients of loans from Japan in the Japanese fiscal year (JFY) 2018, thanks to significant progress in the JICA-funded projects here. Against the disburs...

ADB aid pledge to hit $1.7b this year

AZM ANAS, from Manila 2019-11-01 09:56:28

The Asian Development Bank (ADB) will boost its aid commitment to Bangladesh this year, prodded by its growth potential while helping the country reach its next stage, its senior executive has said....

Canada eyes more investment in Bangladesh

FE RERORT 2019-10-31 18:09:21

Canada on Thursday expressed their interest to enhance business and investment in Bangladesh as the bilateral ties between the countries has been strengthened. Canadian High Commissioner Benoit Prefo...

BOJ sends clearer signal of rate cut chance; keeps policy steady

-- 2019-10-31 13:24:31

The Bank of Japan kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in future, underscoring its concern that overseas risks could derail the c...

Mexican economy shrinks 0.4pc in third quarter

-- 2019-10-31 12:08:06

Mexico's economy contracted 0.4 per cent in the third quarter (Q3) of 2019 compared to the same period in 2018, according to a preliminary report. The contraction is smaller than the 0.8 per cent d...

BGMEA for retroactive reduced source tax

FE Report 2019-10-31 10:40:18

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought scope to pay reduced source tax retrospectively from July 01. The new rate-0.25 per cent from 1.0 per cent-was made...

Move to import 4.2 million tonnes of petroleum in 2020

UNB 2019-10-30 21:59:57

The government will import about 4.2 million tonnes of petroleum from different countries in 2020 to meet the domestic requirements. The Cabinet Committee on Economic Affairs at a meeting on Wednesda...

WIEF, SEACO hail BD’s economic progress in last decade

BSS 2019-10-30 20:07:15

Leaders of the World Islamic Economic Forum (WIEF) and the South East Asian Cooperation (SEACO) Foundation have highly praised Bangladesh’s impressive economic progress in the last one decade....

Australian gov’t pledges $685m for clean energy production

-- 2019-10-30 13:57:45

Australian Prime Minister Scott Morrison has announced a boost in funding for clean energy production in order to lower power prices and avoid blackouts. Morrison said on Wednesday that the CEFC woul...

Govt, WB sign $100m financing deal for safe water, sanitation

-- 2019-10-30 13:51:43

Bangladesh on Wednesday signed a $100 million financing agreement with the World Bank to ensure improved water supply, sanitation, and drainage system in 30 selected municipalities, benefitting about...