Search results for: Economy

ADB pledges climate adaptation support

FHM Humayan Kabir, from Nadi, Fiji 2019-05-05 09:33:38

The 52nd Annual Meeting of the Asian Development Bank (ADB) ended here on Saturday with a pledge to accelerate the Bank's support to climate adaptation and ensure sustainable development. The board o...

VAT collection under threat from fake e-BIN holders

Doulot Akter Mala 2019-05-05 09:32:23

The customs intelligence has recently identified a number of commercial entities that have procured electronic BINs (business identification numbers) posing as manufacturers to evade due duty and taxe...

Public debt on the rise

Jasim Uddin Haroon 2019-05-04 10:56:14

The government debt went on rising in the year 2018 mainly due to an increased sale of the national savings certificates (NSCs). The debt rose to 32.5 per cent of the gross domestic product (GDP) i...

ADB now accentuates quality, innovation

FHM Humayan Kabir, from Nadi, Fiji 2019-05-04 10:40:46

Asian Development Bank (ADB) President Mr Takehiko Nakao said on Friday they would focus more on quality and innovation in its operations. He announced that the ADB would boost its private-sect...

Malaysia’s March exports fall 0.5pc y/y

-- 2019-05-03 14:47:43

Malaysia's exports fell 0.5 per cent year-on-year to about 20.29 billion US dollars (84.05 billion ringgit), official data showed Friday. The Malaysian International Trade and Industry Ministry said...

China on track to become largest economy by 2030

Shahiduzzaman Khan back from Beijing 2019-05-03 11:59:58

Since initiating market reforms in 1978, China had shifted from a centrally-planned economy to a more market-based one and subsequently experienced rapid economic and social development. The country'...

BD needs more FDI to continue dev activities: NBR chief

FE Report 2019-05-03 10:11:42

National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said that Bangladesh has adopted an equitable tax policy for all and no foreign investors face discrimination here. In order to cont...

Remittance inflow rises 10pc in Jul-Apr period

Siddique Islam 2019-05-03 09:57:23

The flow of inward remittances grew by 10.01 per cent in the first 10 months of this fiscal year (FY) as the exchange rate of local currency maintained a depreciating mode against the US dollar. Th...

Fed holds rate steady despite Trump pressure

-- 2019-05-02 13:51:36

The US Federal Reserve has left interest rates unchanged despite pressure from President Donald Trump to lower rates and boost economic growth. The Federal Open Market Committee, the Fed's policy-mak...

'ADB support for BD to continue after LDC graduation'

FHM Humayan Kabir from Nadi, Fiji 2019-05-02 13:05:36

The Asian Development Bank will extend its support to Bangladesh even after its graduation to a developing country, said its president Takehiko Nakao on Thursday. Praising Prime Minister Sheikh Hasin...

Nuclear energy can play instrumental role in achieving Agenda 2030: Momen

-- 2019-05-01 22:07:15

  Permanent Representative (PR) of Bangladesh to the UN Ambassador Masud Bin Momen has said nuclear energy can play an instrumental role in achieving the Sustainable Development Goals, reports U...

China, US hold 'productive' trade talks in Beijing

-- 2019-05-01 20:10:13

  BEIJING: China and the United States held "productive" trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, a...

BD needs to enhance project implementation capacity: ADB

FHM Humayan Kabir from Nadi, Fiji 2019-05-01 18:51:01

The Asian Development Bank (ADB) on Wednesday said Bangladesh needs to enhance its project implementation capacity to get extended financial support from the bank. “Bangladesh is doing well in...

Lanka’s tourism sector counts financial toll of Easter attacks

-- 2019-05-01 16:46:04

  Sri Lankan hotelier Roman Scott swung into crisis mode after the Easter Sunday attacks, driving across the island to make sure his employees and guests were safe. “First you go through...

S Korea exports fall for fifth month

-- 2019-05-01 16:32:48

South Korea’s exports contracted less in April than in the previous month, but the fifth straight of month of shrinkage, while the memory chip shipments down 13.5 per cent. April exports fell 2...

NBR turns down plea for tax cut

Syful Islam 2019-05-01 15:48:17

The National Board of Revenue (NBR) has turned down a fresh plea for exempting Japanese companies from tax and value-added tax (VAT), sources said. The firms cannot be tax-exempt if engaged in the of...

Interest rate spread remains high despite BB close monitoring

Siddique Islam 2019-05-01 10:09:15

Interest rate spread in the country's banking sector remained unchanged in March as the commercial banks increased their interest rates equally on both deposit and lending, officials said.  The...

Old Dhaka chemical warehouses to be relocated at Shyampur temporarily 

-- 2019-04-30 17:54:00

The government is set to take up a project to construct 54 chemical warehouses at Kadamtoli in Shyampur for temporarily relocating chemical depots from Old Dhaka. The approval for the project came up...

'Get land pricing right to make SEZs viable'

FE Report 2019-04-30 09:55:34

Experts at a discussion have suggested the revision of land prices, development of human resources and inclusion of small and medium enterprises in special economic zones (SEZs) to get the desired out...

Finance minister forecasts 8.13pc GDP growth in current fiscal

-- 2019-04-29 21:29:55

Finance Minister AHM Mustafa Kamal has said Bangladesh would achieve record 8.13 per cent gross domestic product (GDP) growth in the current fiscal year. The minister also expressed satisfaction over...

Non-food inflation rose in Q2 of FY19

-- 2019-04-29 19:21:05

Finance Minister AHM Mustafa Kamal on Monday admitted that non-food inflation in the second quarter of the current fiscal (FY19) has increased. He made the statement while placing the report on budge...

IMF projects 2.8pc GDP growth for Saudi in 2019

-- 2019-04-29 14:44:36

The International Monetary Fund (IMF) has estimated 2.6 per cent economic growth for Saudi Arabia in 2019, slightly higher than its earlier 1.8 percent forecast. The IMF predicted the gross domestic...

Experts warn against fallouts from regional inequality

FE Report 2019-04-29 09:51:01

Rising inequality could lead to economic destabilisation, which can snowball into social unrest, experts at a discussion warned Sunday. They feared a vested group could take the opportunity for advan...

Vibrant capital, bond markets seen as most potential answers to businesses

FE Report 2019-04-29 09:31:45

Experts at an international conference have suggested developing vibrant capital and bond markets to create long-term financing options for businesses. Businesses in Bangladesh now totally depend on...

Govt paid Tk 819.45b against foreign loans in 10 fiscal years

-- 2019-04-28 20:59:57

Finance Minister AHM Mustafa Kamal has said the government paid some Tk 819.45 billion against foreign loans in the last 10 fiscal years. "A total of US$ 10,705.3 million equivalent to Tk 819.45 bill...

BD can prosper quickly with more, better jobs for women

FE Online Desk 2019-04-28 17:25:56

Bangladesh can become more prosperous more quickly if more women get work with higher-quality and higher-paid jobs, says a new World Bank report. The report, Voices to Choices: Bangladesh’s Jo...

Nepal's economy to grow by 6.81pc this FY

-- 2019-04-27 15:26:33

Nepal's economy is projected to grow by 6.81 per cent in the current fiscal year (FY) that concludes in mid-July, the country’s Central Bureau of Statistics (CBS) has said. The CBS predicted th...

US economy grows 3.2pc in first quarter

-- 2019-04-27 13:30:32

The US economy grew much faster than expected in the first quarter (Q1) of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualised pace o...

Financial sector could stoke next economic crisis in BD

FHM Humayan Kabir, back from Washington, USA 2019-04-27 11:07:21

Bangladesh's next economic crisis could take place in the financial sector, warns a top economist of the World Bank. "If there is any possibility of economic vulnerability in Bangladesh that could be...

Nearly 39pc university graduates jobless

Sajibur Rahman 2019-04-27 10:34:45

The unemployment rate among the university graduates in Bangladesh is 38.6 per cent, according to a recent study, conducted by the Bangladesh Institute of Development Studies (BIDS). A total of 1,574...