Search results for: Economy

BD third among remittance-receiving countries in South Asia

-- 2018-12-09 19:38:54

Bangladesh has been ranked third among remittance-receiving countries in South Asia with a cash inflow of US$15.9 billion this year, according to a World Bank report. Moreover, the country became the...

Minister optimistic about 100pc ADP implementation in FY19

-- 2018-12-09 17:36:00

Planning Minister AHM Mustafa Kamal is hopeful of achieving 100 per cent implementation rate of the Annual Development Programme (ADP) in the current fiscal year. The minister came up with the projec...

Election becomes a big investment: Debapriya

-- 2018-12-09 16:55:46

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Debapriya Bhattacharya has said eligible and honest candidates are not getting nominations as the election has become a big investment. He...

$500m WB loan to boost livestock, dairy production

-- 2018-12-09 13:46:08

The World Bank (WB) has approved $500 million to improve livestock and dairy production in Bangladesh under the project titled ‘The Livestock and Dairy Development Project’. The lender...

India to hold top remittance-receiving country in 2018

-- 2018-12-09 12:24:25

India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping 80 billion US dollar back home, the World Bank has said. India is followed...

Scams cost banking sector Tk 225b in 10 yrs: CPD

FE Report 2018-12-09 09:50:40

Experts at a seminar in the capital on Saturday called for finding ways to keep the banking sector away from "patronage politics". The central bank needs to come out of the grip of the government and...

Refrain from interfering in banking sector, CPD urges political parties

-- 2018-12-08 19:01:27

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya on Saturday urged the political parties to pledge in their manifestos, to be announced for the 11th parliamentary...

China's export, import growth shrinks in November

-- 2018-12-08 14:50:38

China’s exports increased far less than expected in November, apparently indicating that slowing global demand outweighed any gains from a rush to ship goods to the United States ahead of a now-...

'New generation entrepreneurs hold key to meeting challenges'

FE Report 2018-12-08 10:23:19

The country should create new entrepreneurs, giving priority to knowledge and technology, experts said on Friday. To become a developed economy by 2041, there is no alternative to Bangladesh for fost...

NY Fed's involvement in reserve heist not yet proven: BFIU

Syful Islam 2018-12-08 10:00:01

Bangladesh is yet to find the Federal Reserve Bank of New York's involvement in the reserve heist though it plans to sue the US-based bank, a top official said on Friday. "We are yet to get anything...

Japan household spending unexpectedly falls in Oct

Reuters 2018-12-07 13:15:23

Japan’s household spending unexpectedly fell in October and real wages slipped for a third straight month, adding to concerns about the strength of the economy as global trade frictions cloud...

US trade deficit hits 10-year high in October

-- 2018-12-07 11:58:48

US trade deficit widened for a fifth consecutive month and reached a 10-year high in October, the government reported Thursday. The total trade gap increased 1.7 per cent to 55.5 billion US dollars i...

BB drafts law to recognise 'movables' as collateral

Jasim Uddin Haroon 2018-12-07 09:58:03

The central bank has drafted a law meant to recognise movable properties as collaterals against loans from the banking system. The Bangladesh Bank has already posted the draft on its official website...

BB's forex support rises to $1.0b so far this fiscal

Siddique Islam 2018-12-07 09:37:26

The central bank has so far sold nearly US$1.0 billion this fiscal year directly to the commercial banks for settling their import payment obligations, officials said. "We're providing such foreign c...

Economic activities slow as pre-polls uncertainties loom

Jubair Hasan 2018-12-07 09:33:29

Major economic activities, especially trade and investments, have slowed down in recent times as many investors are adopting a go-slow policy in their new and expansion plans ahead of the national ele...

Laos to export over 14,000 MW of electricity by 2030

-- 2018-12-06 13:30:18

Laos' electricity exports will hit 14,600 MW by 2030, the country’s Energy and Mines Minister Khammany Inthirath, said. He said at the 6th Ordinary Session of National Assembly's 8th Legislatu...

Stakeholders' coordination key to achieving SDGs

FE Report 2018-12-06 10:18:33

Speakers at a programme said effective coordination among the government departments and other stakeholders is the key to achieve the Sustainable Development Goals (SDGs) properly and in time. They...

BD to sue both NY Fed, RCBC over reserve heist: Muhith

FE Report 2018-12-06 10:04:18

Bangladesh will sue the Federal Reserve Bank of New York alongside the Rizal Commercial Banking Corporation (RCBC) of the Philippines to recover its stolen reserve funds. The case will be filed befor...

NPLs soar 34pc to reach record high at Tk 993.7b

Siddique Islam 2018-12-06 09:45:36

The amount of classified loans in the country's banking sector reached an all-time high of nearly Tk 1.0 trillion in September ahead of the upcoming national election. The volume of non-performing lo...

Euro zone business growth at weakest pace in two years

-- 2018-12-05 19:55:58

Euro zone business growth was at its weakest pace in over two years last month as a manufacturing-led slowdown showed further signs of spreading to the service industry. The downbeat survey results w...

EU Commission for euro dominance

-- 2018-12-05 18:22:42

The European Commission has urged the states and global companies to increase the use of euro in international payments and as a reserve currency. The commission made the call in its non-binding prop...

Export earnings grow 17.24pc in first five months of FY19

FE Online Report 2018-12-05 14:56:48

Export earnings from the country's merchandise shipments during the first five months of the current fiscal year (FY) stood at $17.07 billion, marking a 17.24 per cent growth over the corresponding pe...

South Korea's foreign reserves rise to $403b

-- 2018-12-05 12:13:42

South Korea's foreign currency reserves rose to 403 billion US dollars in November due to the weak dollar trend that increased the conversion value of non-dollar assets, according to central bank da...

Government securities: Last fiscal’s yield curve witnesses steeper rise

Jasim Uddin Haroon 2018-12-05 10:32:51

The gap between short and long-term government fixed-income securities yields was steeper during fiscal year 2018 than its previous year, which indicated a 'tightened year" for money market. The cent...

Tax collection deficit reaches Tk 167.99b

Doulot Akter Mala 2018-12-05 09:01:15

Aggregate shortfall in tax revenue collection against the target widened further, marking a deficit amounting to Tk 167.99 billion in the first four months of the current fiscal year (FY), 2018-19. T...

Inflation slightly eases to 5.37pc in November

-- 2018-12-04 17:54:30

The general point to point inflation rate in November last further eased to 5.37 percentage point from the previous month due to the slight decrease in non-food inflation. “The general point to...

Italy must reduce debt: Euro zone FinMin

-- 2018-12-04 13:27:36

Euro zone finance ministers has said that Italy’s draft 2019 budget was breaking European Union rules and they agreed with the European Commission that Rome should amend it. Italy, which alre...

Forex reserves slide to about $31b in Nov

-- 2018-12-04 13:11:13

Bangladesh's foreign exchange reserves reached about 31 billion US dollars by the end of November, central bank data has showed. Bangladesh Bank (BB) data showed the country's foreign exchange rese...

Salaried people lead income tax return submission

Doulot Akter Mala 2018-12-04 09:28:46

Income tax return submission by individual taxpayers posted a 14 per cent rise this year, mostly contributed by salaried taxpayers. Until Sunday, tax offices received some 1.7 million tax returns and...

China factory activity grows slightly in Nov

-- 2018-12-03 15:19:56

The factory activity of China grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-US trade fr...