Search results for: Economy

66pc workers are women in eight EPZs

-- 2019-05-28 19:37:56

Female workers are playing a vital role to accelerate the economic activities in the industries in country’s eight Export Processing Zones (EPZs) with around 66 per cent participation in product...

Kenya goes for $750m loan from World Bank

-- 2019-05-28 12:25:17

Kenya is negotiating with the World Bank for a $750 million (591.8 million pounds) loan for budgetary support, documents on the proposed funding posted on the lender’s website showed on Tuesday....

'Per capita income likely to reach $6,000 by 2030'

-- 2019-05-26 21:27:08

Commerce Minister Tipu Munshi has voiced his firm optimism that the per capita income of the country would reach $5,000 to $6,000 by 2030. He also hoped that Bangladesh would be able to graduate full...

Exclusive economic zone for Japanese investors on cards

-- 2019-05-25 20:15:13

An exclusive economic zone for Japanese investors is going to be developed at Araihazar upazila in Nayaranganj alongside Dhaka-Syhet Highway. Bangladesh Economic Zone Authority (BEZA) will sign a joi...

Interest rate spread slightly low in April

Siddique Islam 2019-05-25 10:03:56

The overall interest rate spread in the country's banking sector narrowed down slightly as commercial banks increased deposit rates while lending rates fell, officials said. The weighted average sp...

More efforts should be made to stabilise and improve trade, China says

-- 2019-05-24 11:48:52

China’s commerce ministry said on Friday that more efforts should be made to achieve the goal of stabilising trade while improving its quality, adding that the trade environment is growing more...

Trump unveils $16b aid package for farmers hit in trade war

-- 2019-05-24 11:42:53

The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China. The administration said payment rates to farmers would be determine...

'ROI in Bangladesh higher than neighbours'

FE Report 2019-05-24 10:09:34

Return on investment (ROI) in Bangladesh is much higher than its neighbouring countries, Foreign Minister Dr A K Abdul Momen told a delegation of the Hong Kong-based Chinese Manufacturers' Association...

Tax collection target may be Tk 3.25t for FY '20

Doulot Akter Mala 2019-05-24 09:23:41

Tax collection target is likely to be set at Tk 3.25 trillion for the upcoming fiscal year with 16 per cent growth over the revised goal of FY 2018-19. At Tk 1.17 trillion, the highest tax collection...

Govt prioritising PPP development in next FY

-- 2019-05-23 19:04:55

The government has planned to take 30 per cent Annual Development Programme (ADP) projects under the Public-Private Partnership in the next fiscal to boost PPP growth for infrastructural development....

Myanmar attracts $2.4b foreign investments in 7 months of FY 2018-19

-- 2019-05-23 15:32:57

Myanmar has attracted over 2.41 billion US dollar foreign investments in the first seven months of the present fiscal year 2018-2019, according to the DICA. The Directorate of Investment and Company...

ADB provides $400m loan for Ctg-Cox’s Bazar rail link

-- 2019-05-23 13:47:44

Bangladesh signed a deal with Asian Development Bank (ADB) on Thursday for a $400 million loan to connect Chattogram and Cox's Bazar by rail. Its goal is to promote trade, investment and tourism in B...

Indian stocks hit record highs with Modi set for big win

-- 2019-05-23 12:32:55

Indian stock markets hit record highs while the rupee and bonds rallied as early vote counting in general elections showed the ruling National Democratic Alliance with Narendra Modi at the helm winnin...

BB doubles deferred payment period for power cos

Siddique Islam 2019-05-23 09:47:40

The central bank has doubled the deferred payment period for import of raw materials only for the power generating enterprises to help ease the pressure on foreign exchange market, officials said. Un...

Russian economy to grow 1.3pc in 2019, says minister

-- 2019-05-22 12:02:56

Russian economy will grow by 1.3 per cent for the year of 2019 as expected, Economic Development Minister Maxim Oreshkin said on Tuesday, refuting an outlook of recession. Russia's GDP growth outlo...

Tk 2.03t ADP gets NEC nod for FY'20

-- 2019-05-21 14:08:07

The government has approved Tk 2.03 trillion Annual Development Programme (ADP) for the next fiscal year (FY 2019-20), beginning July 1. The figure is 17.18 per cent higher than the current year&rsqu...

Australia central bank signals rate cut in June

-- 2019-05-21 11:29:25

The Reserve Bank of Australia (RBA), the central bank of Australia, would consider cutting interest rates next month to support the economy, Governor Philip Lowe said on Tuesday. Mr Lowe said that...

NEC set to endorse Tk 2.02t ADP for FY ’20

FE Report 2019-05-21 09:29:47

The government is going to approve today (Tuesday) a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, allocating the highest fund to the transport sector, of...

Govt revises down tax collection target

Doulot Akter Mala 2019-05-21 09:25:42

The government has revised the tax collection target downward to Tk 2.80 trillion for the current fiscal year following lacklustre trend in receipts, people familiar with the development said. The or...

NEC likely to approve original ADP outlay for next fiscal

-- 2019-05-20 18:14:30

A draft of Tk 2.02 trillion Annual Development Programme (ADP) outlay for the upcoming fiscal year will be placed before the National Economic Council (NEC) on Tuesday. Prime Minister Sheikh Hasina w...

Tax holiday creates 29,000 jobs in 46 yrs

FE Report 2019-05-20 09:38:28

The existing tax holiday facility is inadequate to attract investments and generate employment optimally, speakers said Sunday. They said restrictions on the sector selection, complex procedures and...

Call to earmark Tk 7.0b for ICT business in upcoming budget

FE Online Report 2019-05-19 20:37:30

The ICT businesses called upon the government to allocate Tk 5.0 billion for ‘Technical Assistant’ (TA) project and Tk 2.0 billion as ICT development fund in the upcoming national budget....

China to take special measures to counter downward pressure

-- 2019-05-18 19:26:28

China will take specific measures to counter downward pressure on the economy, stabilise the job market and help manage market expectations, as the country prepares for a potentially protracted trade...

Five projects to eat up half of sub-sector's outlay

FHM Humayan Kabir 2019-05-18 10:49:52

Five large road transport projects will alone eat up nearly half the sub-sector's outlay, which officials say will affect the implementation of other projects in the next fiscal year (FY). The road t...

Concessions to loan defaulters draw mixed reactions

-- 2019-05-18 09:56:49

The Bangladesh Bank's (BB) decision to offer concessions to loan defaulters and good borrowers to reduce the substantial amount of non-performing loans (NPL) has received mixed reaction from economist...

Spl arm planned to check mis-invoicing: Kamal

FE Report 2019-05-17 13:42:45

Finance minister AHM Mustafa Kamal now plans to set up a special cell at the National Board of Revenue (NBR) to check money laundering through over and under-invoicing. "…to check over pricing...

BOJ may keep low rates well over year: Kuroda

-- 2019-05-17 13:31:51

The Bank of Japan (BOJ) may maintain ultra-low rates for a further period of well over a year, the central bank Governor Haruhiko Kuroda said on Friday. However, he warned against the idea of proppin...

BB offers spl facility to loan defaulters

FE Report 2019-05-17 09:26:59

The central bank offered a special facility to loan defaulters on Thursday, allowing them to reschedule loans by paying 2.0 per cent down payment for a maximum period of 10 years. Economist and banke...

Industrial hubs unplanned

Kamrun Nahar 2019-05-17 09:24:45

The government's industrial zones are being implemented in an unplanned way, at considerable cost to life, livelihood and the environment, rights groups alleged. They fear at least one million people...

Govt eyes 10m taxpayers: Kamal

FE Report 2019-05-16 11:10:01

Finance Minister A H M Mustafa Kamal said the government has a plan to raise the number of taxpayers to 10 million by the next fiscal year (FY), 2019-20. "Now the number of eligible taxpayers in the...