Search results for: Economy

NBR earns Tk 24.13b through ADR in two fiscal years

-- 2019-07-21 20:29:56

The National Board of Revenue (NBR) earned Tk 24.13 billion in the last two fiscal years by disposing of some 345 revenue-related cases through the Alternative Dispute Resolution (ADR) system. Accord...

Speakers stress coordination between academicians and policy makers to achieve SDGs

-- 2019-07-21 18:29:59

South Asian Network on Economic Modeling (SANEM) SDG Centre hosted its first workshop on “Three Pillars of Sustainable Development Goals (SDGs)” on July 20, 2019 at SANEM office, Dhaka. T...

Lebanon passes ‘reforming’ 2019 budget

-- 2019-07-20 13:34:41

Lebanon’s parliament passed a “reforming” 2019 state budget on Friday, Prime Minister Saad al-Hariri said. However, the Prime Minister did not give any details on its deficit target...

Ministry sends biotechnology policy draft to cabinet soon

Talha Bin Habib 2019-07-20 10:50:25

The Ministry of Industries (MoI) has prepared a draft of the Industrial Biotechnology Policy Guidelines 2019 with an objective to explore and utilise biotechnological knowledge for ensuring due contri...

France to coordinate talks to pick next IMF chief

-- 2019-07-19 20:29:20

France will coordinate European talks on the choice of the next managing director of the International Monetary Fund with the aim to find a candidate by the end of the month. French Finance Minister...

UK budget deficit swells in Q1 of 2019/20 tax year

-- 2019-07-19 16:01:33

Britain’s budget deficit swelled in the first quarter of the tax year due to higher debt interest payments and rising spending on services, placing the public finances on a less solid footing ah...

Revenue officials greet DCs' offer with concern

FE Report 2019-07-19 09:44:43

The revenue officials have strongly opposed the recent proposal of the deputy commissioners (DCs) under administration cadre to involve them in the government's tax revenue collection process. Both B...

BOK cuts interest rate for first time in three years

-- 2019-07-18 12:12:20

The Bank of Korea, the central bank of the Republic of Korea, on Thursday cut its policy rate for the first time in three years, and shaved this year’s growth forecast to the lowest in a decade....

PFC accounts can be used to make import payment

FE Report 2019-07-18 11:43:41

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said. "….funds from PFC accounts may...

Developing Asia to meet growth outlook despite trade war: ADB

Reuters 2019-07-18 11:30:43

The Asian Development Bank said on Thursday developing Asia is on track to meet the lender’s growth expectations for this year and next, even as trade tensions between the United States and Ch...

Robust financial sector can be fourth driver of BD economy: ADB

-- 2019-07-17 19:11:26

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of t...

Singapore exports fall as electronics slump

-- 2019-07-17 11:22:55

Singapore’s exports fell more than expected in June, marking their biggest decline in six years, as the city-state struggles against tepid global demand and the Sino-US trade war. The grim trad...

Import growth 6.0pc in July-May of FY '19

FE Report 2019-07-17 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir 2019-07-17 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...

ECNEC approves eight projects worth Tk 51.42b

-- 2019-07-16 16:07:31

The Executive Committee of the National Economic Council (ECNEC) has approved eight projects involving an estimated cost of Tk 51.42 billion. Among the nine projects, the ECNEC approved Tk 26.06 bill...

Malaysia to lift moratorium on Bangladeshi workers soon

FE Online Desk 2019-07-16 11:35:58

Malaysia is expected to lift the moratorium on Bangladeshi workers next month, according to the Southeast Asian country's Human Resources Minister M Kulasegaran. "I hope we can conclude within one or...

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala 2019-07-16 09:43:31

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said. The agency, under the Prime Minister's Office (PMO), has r...

China's housing prices stabilise with slower growth rates in June: NBS

Global Times 2019-07-15 20:53:13

Property prices in China held stable in June with slower growth rates amid an ongoing crackdown on speculation in the real estate market, figures released by the National Bureau of Statistics (NBS) sh...

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

-- 2019-07-15 17:00:16

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Banglades...

China's GDP grows 6.3 pc in first half 2019

-- 2019-07-15 15:20:47

China's GDP expanded 6.3 per cent year on year in the first half of 2019 to about 45.09 trillion yuan (about 6.56 trillion US dollars), data from the National Bureau of Statistics (NBS) showed Monday....

Govt decides to take ADB loan, finally

Munima Sultana 2019-07-15 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

FE Report 2019-07-15 10:05:56

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

-- 2019-07-14 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...

Women workers' outflow up 10pc in Jan-Jun

Arafat Ara 2019-07-14 10:57:49

The number of outbound women workers has increased by more than 10 per cent in the first six months of the current calendar year amid allegation of different types of workplace exploitation. Accord...

Minimum value for customs assessment made neutral

Doulot Akter Mala 2019-07-14 10:10:50

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products. Min...

Finance minister seeks AIIB support for energy sector

FE Report 2019-07-13 21:33:48

China-led Asian Infrastructure Investment Bank (AIIB) on Friday assured Bangladesh of providing all-out support to the country's development. The assurance came when finance minister AHM Mustafa Kama...

'Bangladesh to seek Korean investment for innovative production'

-- 2019-07-13 21:00:10

Bangladesh will seek Korean investment for producing new and diverse products in the country as South Korean Prime Minister Lee Nak-yon arrived in Dhaka on Saturday afternoon on a three-day official v...

Advance Tax puts importers in a tight spot

FE Report 2019-07-13 09:38:53

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when...

Singapore's decade-low growth triggers recession warning

-- 2019-07-12 18:20:22

Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed on Friday, raising bets that a technical recession and monetary policy easing could...

Call for FTA with KL to boost trade

Siddique Islam, from Kuala Lumpur 2019-07-12 12:08:33

Bangladesh business leaders and experts have accentuated the signing of a free trade agreement (FTA) with Malaysia to boost bilateral trade and investment. They made the recommendation at a programme...