Search results for: Economy

BB to unveil monetary policy for H2 Wednesday

-- 2019-01-29 20:38:18

Bangladesh Bank (BB) is set to announce its monetary policy for the second half of the 2018-19 fiscal year on Wednesday. The central bank Governor Fazle Kabir will present the monetary policy stateme...

BB likely to file case with NY court over reserve heist Thursday

-- 2019-01-29 18:47:13

Bangladesh Bank (BB) is likely to file a lawsuit with a New York (NY) court on January 30 (January 31 in Bangladesh) to recover the money heisted by hackers from the central bank’s account with...

ECNEC approves nine projects worth Tk 164.33b

-- 2019-01-29 15:33:21

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects involving an estimated cost of Tk 164.33 billion. Among the nine projects, it approved a Tk 86.90 billion p...

Infrastructure construction to increase in BD despite increased costs: AIIB

FE Online Desk 2019-01-29 14:10:33

Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projecte...

Core inflation up 1.0pc in 2018

Siddique Islam 2019-01-29 10:51:38

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said. The core inflation expanded to 4....

$5.9b flows out from BD in 2015: GFI    

Asjadul Kibria 2019-01-28 22:59:01

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise ex...

Taiwan's economy to slow in Q4: Reuters poll

-- 2019-01-28 14:03:47

Taiwan’s economic growth probably slowed in the fourth quarter (Q4) as the island’s technology exports were hit by softening global demand and fallout from the US-China trade war. The med...

China's industrial profits shrink again in Dec

-- 2019-01-28 13:58:38

China's industrial profits shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted US-...

Thailand welcomes record number of tourists in 2018

-- 2019-01-28 13:35:36

Thailand saw a record 38.27 million tourists in 2018, up 7.5 per  cent from the previous year, the Tourism Ministry said on Monday. The ministry expects the number of tourists visiting the count...

Major central banks may face one of their biggest challenges yet

Reuters 2019-01-28 12:25:39

Central banks may be about to face one of their biggest challenges yet: Global economic growth is slowing, but they have struggled to build up their policy arsenals since the last crisis to effectivel...

Worrying rise in government's pension payment liabilities

Jasim Uddin Haroon 2019-01-27 09:45:11

The government's pension payments are growing at a worrying rate -- nearly 22 per cent annually -- over the past three years for higher life expectancy and the latest rise in basic pay. Such payments...

Dev projects set to come under tighter monitoring

FHM Humayan Kabir 2019-01-27 09:33:15

Development projects are set to come under strict monitoring as a high-powered government committee will travel outside Dhaka to oversee the implementation work from early next month, officials said o...

BD to import 1.42m tonnes petroleum in H1

-- 2019-01-26 20:43:35

Bangladesh will import around 1.42 million tonnes of petroleum fuel through government-to-government (G-to-G) initiative from eight state-owned companies of different countries from January to June th...

NRB CIPs to triple for attracting more remittance

-- 2019-01-26 18:59:16

The government will increase the number of Commercially Important Person (CIP) status of non-resident Bangladeshis (NRBs) nearly threefold from this year to encourage the expatriates to send more remi...

Faulty procedures behind recent unrest in RMG sector: CPD

-- 2019-01-26 18:54:36

The Centre for Policy Dialogue (CPD) has identified faulty procedures in the implementation of the wage structure as the main cause of the recent unrest in the garment sector. The research organisati...

Li confident of keeping 2019 growth within 'appropriate range'

-- 2019-01-26 12:46:10

Chinese Premier Li Keqiang said that he is confident of keeping the country’s economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019. “China&rs...

Padma rail project: Plan to cut need of fund by 38pc on slow work

FHM Humayan Kabir 2019-01-26 10:10:19

The progress in work on the government's 'fast-track' Padma railway link project is slow and the authorities want to surrender 38 per cent of its allocated funds this year. Officials said on Friday...

BB to suggest amending three acts, regulations

Siddique Islam 2019-01-26 09:37:13

The Bangladesh Bank (BB) has decided to submit a set of recommendations to the Ministry of Finance (MoF) for amending three relevant laws and regulations to help reduce the volume of classified loans...

Growth rate 'insufficient' to absorb workforce

Mehdi Musharraf Bhuiyan 2019-01-26 09:26:28

Bangladesh's economy needs to grow at a rate of 8.0 per cent or more in the coming years to absorb the country's growing labour force, a recent government report has suggested. At the same time, attr...

BEPZA to offer plots at Mirsarai EZ from this year

-- 2019-01-25 18:51:15

The Bangladesh Export Processing Zones Authority (BEPZA) is planning to hand over industrial plots to the investors in Mirsarai Economic Zone (EZ) after few months BEPZA General Manager Nazma Binte A...

LatAm economy faces downward risks: UN

-- 2019-01-25 13:06:04

Latin American and Caribbean economies face downward risks on several fronts despite a greater growth in 2018, according to a UN report released Thursday. The region's GDP could grow 1.7 per cent in...

Accord’s exit plan next week

Monira Munni 2019-01-25 12:27:34

A government-formed committee will sit next week to finalise the Accord's transition plan so that it can hand over its responsibilities to the authorities concerned, officials said. The committee, he...

Japan eager to sign FTA with Bangladesh

FE Report 2019-01-25 12:19:25

Japan has shown interest to sign free trade agreement (FTA) with Bangladesh, officials said on Thursday. Japanese Ambassador to Bangladesh Hiroyasu Izumi expressed his interest when he met Finance Mi...

Conduct household survey to expand tax net

FE Report 2019-01-25 11:06:31

Former finance minister AMA Muhith suggested that the revenue board recruit university students for conducting door-to-door survey aimed at expanding tax net. He said the university students will col...

Tk 280b deficit in H1 revenue collection

FE Report 2019-01-25 10:06:27

Tax revenue collection faced a Tk 280 billion shortfall in the first half (H1) of the current fiscal year (FY), posting a slower growth of 6.36 per cent, in the corresponding period. The National Boa...

Job creation is H2 MPS’ top priority

Siddique Islam 2019-01-25 10:00:11

The central bank is set to unveil its second half-yearly (H2) monetary policy on Wednesday at 11:30 am, giving top priority to job creation through boosting credit flow to the productive sectors. Ban...

Int’l Customs Day Jan 26

-- 2019-01-24 20:37:02

Bangladesh Customs is going to celebrate the International Customs Day 2019 on January 26. The day will be observed along with a total of 183 member countries of the World Customs Organisation (WCO)....

BB to unveil monetary policy January 30

-- 2019-01-24 18:28:53

Bangladesh Bank (BB) will announce its monetary policy for the second half of the current 2018-19 fiscal year at the end of the month. Central bank Governor Fazle Kabir will unveil the monetary polic...

India to remain fastest-growing economy for two years: UN

-- 2019-01-24 11:13:22

India will continue to remain the world's fastest-growing large economy in 2019 as well as in 2020, much ahead of China, a UN's World Economic Situation and Prospects (WESP) report has said. Accordin...

Move to bring foreign workers under tax net

-- 2019-01-23 20:53:21

The National Board of Revenue (NBR) is going to form a taskforce to identify the foreign nationals working in Bangladesh to bring them under the tax net. There will be representatives of Bangladesh I...