Search results for: Economy

US trade delegation to travel to China in early Jan

-- 2018-12-27 14:08:58

A US trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter. The delegation will be led...

'Brexit, Trump's policies biggest risks to German economy'

-- 2018-12-26 16:48:40

Germany’s leading industry groups have said Britain’s departure from the European Union and trade disputes triggered by US President Donald Trump’s ‘America First’ polici...

NPL ratio in Albanian banks down: BoA

-- 2018-12-26 13:59:33

The quality of loan portfolio in Albania improved in 2018 and in November alone the non-performing loans (NPL) ratio of the country’s banking system dropped to 12.7 per cent of all loans, the Bo...

Japan wants to promote free and fair trade

-- 2018-12-26 12:56:22

Japan’s top government spokesman said on Wednesday his government wants to promote rules that protect free and fair trade for the global economy. Chief Cabinet Secretary Yoshihide Suga, speakin...

Grameen Foundation Scotland collapses

-- 2018-12-25 17:12:00

The Grameen Foundation Scotland, a Scottish charity which provided micro-credit business loans in deprived communities, has collapsed under debts. The initiative was launched in 2012 with the inspira...

Rouhani presents Iranian budget, says US sanctions to bite

-- 2018-12-25 14:38:10

President Hassan Rouhani presented a state budget of 4,700 trillion rials to parliament on Tuesday, saying US sanctions would affect Iranians’ lives and economic growth but not bring the governm...

H2 MPS to focus on job creation

Siddique Islam 2018-12-25 09:53:14

The central bank has started taking preparations to formulate its next monetary policy, giving top priority on creating employment opportunities through boosting financing in the productive sectors....

PC starts revising ADP amidst its poor execution

FHM Humayan Kabir 2018-12-25 09:37:45

The Planning Commission (PC) has started work on revising the Tk 1.7 trillion Annual Development Programme (ADP) amid unsatisfactory execution of the ongoing projects during last five months of the cu...

Italy's 2019 budget wins Senate approval amid outcry

-- 2018-12-24 10:42:17

The Italian government won a gruelling vote of confidence on its 2019 budget in the upper house in the early hours of Sunday, as it races to get the package approved before a year-end deadline. The b...

Remittance likely to grow by 15.59pc this year

FE Report 2018-12-24 10:32:38

The country's inward remittance is expected to increase by 15.59 per cent in 2018 compared to that of the previous year, a trend report said. Remittance showed such an upward trend as an increasing n...

Export earnings from plastic products up by 30pc

-- 2018-12-22 20:11:00

Export earnings from plastic products have risen by 30 per cent during the first five months of the current fiscal year (FY19), according to statistics of Export Promotion Bureau (EPB) and Bangladesh...

Streamlined tax system by next year: NBR chief

-- 2018-12-22 19:04:08

Bangladesh will take steps to seal loopholes in the tax system within the next year to boost revenue collection, National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said on Saturday. "...

Cuba expects 1.5pc economic growth in 2019

-- 2018-12-22 14:27:46

Cuba's economy is expected to expand 1.5 per cent in 2019 after a 1.2-per cent growth in 2018 which is below the government's previous forecast of 2.0 per cent, the country's economy minister has said...

WB likely to use new reference rate from next year

Syful Islam 2018-12-22 10:01:51

The World Bank (WB) is likely to adopt a new reference rate from next year in calculating the interest of its high-cost loans, officials have said. Presently, the interest rate of WB's high-cost loan...

Cos spend 435 hrs on tax payments in BD!

Mehdi Musharraf Bhuiyan 2018-12-22 09:56:31

A company, on an average, has to spend around 435 hours to comply with tax payments each year in Bangladesh, according to a recent global report. The length of time for tax payments in Bangladesh is...

WB trims Philippines growth forecast for 2018, 2019

-- 2018-12-21 12:53:40

The World Bank (WB) said on Friday that it has downgraded its growth projections for the Philippines to 6.4 per cent in 2018 and 6.5 per cent in 2019 "to reflect recent economic trends." These new fo...

Record 6.5m workers sent abroad in 10 years

-- 2018-12-20 18:39:50

Manpower exports witnessed a record rise over the last ten years as more than 6.5 million workers went abroad with jobs and the country received $133.5 billion remittance since 2009. “We’...

PBOC continues fund injection, rates unchanged

-- 2018-12-20 12:27:54

The People's Bank of China (PBOC) continued to inject liquidity into the money market through reverse repos Thursday with rates unchanged despite a US interest rate hike overnight. It conducted 120 b...

SoCBs’ NPL: Finance ministry to make review next week

Syful Islam 2018-12-20 10:43:32

In the wake of widespread criticism over mounting non-performing loans (NPL) in the banking system, the finance ministry is going to hold a meeting next week to review the situation, officials said....

Fed raises interest rates, signals more hikes ahead

Reuters 2018-12-20 10:41:44

After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withd...

Asia's central banks have almost no reasons to hike rates in 2019

Reuters 2018-12-20 10:22:25

Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year — especially as US rate hikes slow — unless a n...

BD economy witnesses 'rise and rise': Nikkei Asian Review

-- 2018-12-19 20:12:11

Japan-based global economic journal Nikkei Asian Review has said Bangladesh continued to witness 'rise and rise' with booming economy. The journal made the statement in its cover story titled 'The ri...

Japan posts goods trade deficit of $6.56b in Nov

-- 2018-12-19 12:31:04

Japan logged a goods trade deficit in November, the government said in a report on Wednesday. According to the Finance Ministry, the country posted a goods trade deficit of 737.3 billion yen (6.56 bi...

Trump warns Federal Reserve against 'another mistake'

-- 2018-12-18 20:18:18

US President Donald Trump has warned the Federal Reserve not to “make yet another mistake” ahead of an expected interest rate hike. Trump made the remarks on twitter on Tuesday to put pre...

UK economy likely to hit nine-year low

-- 2018-12-18 14:07:06

British economic growth this year and in 2019 looks set to be the nine years low, due to a freeze in business investment and weak consumer demand ahead of Brexit, the BCC said. The British Chambers o...

EC asks Italy to cut €2.5-3b to clear budget with EU

-- 2018-12-18 13:53:33

The European Commission (EC) has asked Italy for a further €2.5 billion-€3 billion ($3.40 billion) in savings before approving the country’s 2019 budget, Corriere della Sera daily r...

US petroleum exports jumps in recent years: EIA

-- 2018-12-18 13:34:46

The petroleum exports of United States have increased in recent years, the US Energy Information Administration (EIA) said in a report on Monday. The EIA said in its latest Petroleum Administratio...

BB eases farm loan policy

Siddique Islam 2018-12-18 09:51:53

Bangladesh Bank (BB) issued a fresh rescheduled policy on short-term agriculture loans on Monday aiming to boost production through facilitating farmers across the country, officials said. Under the...

Euro rebounds ahead of Fed meeting

-- 2018-12-17 19:00:00

The euro recovered nearly half a per cent from recent lows on Monday as the dollar slipped, with traders reluctant to push the US currency much higher before the Federal Reserve’s policy meeting...

Singapore's NODX declines by 2.6pc in Nov

-- 2018-12-17 13:22:05

The total non-oil domestic exports (NODX) of Singapore declined by 2.6 per cent in November from the high base a year ago, after the recalculated 8.2 per cent year-on-year growth in October. Accordin...