Search results for: Economy

French economy grows less than expected in Q3

-- 2018-10-30 16:11:34

French economic growth picked up by less than expected in third quarter despite a rebound in consumer spending, official data showed on Tuesday. The slow growth is putting pressure on the government&...

Sri Lanka's political crisis triggers major economic concerns

-- 2018-10-30 15:20:01

A decision by Sri Lanka’s president to fire the prime minister has raised doubts among global investors and credit analysts about the near-term economic health of a country already grappling wit...

Japan unemployment rate falls to 2.3pc in Sept

-- 2018-10-30 10:12:22

Japan’s jobless rate fell in September, while the availability of jobs improved to the highest level since January 1974, government data showed on Tuesday. The seasonally adjusted unemployment...

India, Japan sign $75 billion currency swap agreement

-- 2018-10-29 17:29:08

India and Japan have signed a $75 billion bilateral currency swap agreement. The deal was signed during Prime Minister Narendra Modi’s visit to Tokyo on Monday, India said in a statement, repor...

Experts warn of threats to world economy

Mir Mostafizur Rahman from Hinan, China 2018-10-29 14:19:51

Rise in fuel prices, high debt level, trade war and low productivity pose serious threats to the world economy, experts warned on Monday. They said Asian countries need to be united to face this unce...

Taiwan’s GDP likely to grow at 2.2 pc in Q3

-- 2018-10-29 11:27:18

Taiwan’s gross domestic product is likely to grow 2.2 per cent in third quarter, lower than expected, due to softening global demand for exports amid trade tensions between China and the United...

Infrastructure, HR major hurdles to desired growth

FE Report 2018-10-29 11:09:11

Inadequate infrastructure, energy insecurity and traffic mismanagement have been identified as some of the major hurdles to achieving desired investment and economic growth in the country. Business...

Look beyond banks to finance infrastructure

FE Report 2018-10-29 10:56:53

Bangladesh needs to develop alternative sources of financing including bonds to meet its future infrastructure investment needs, experts said on Sunday. At the same time, the private sector needs to...

Transport strike disrupts economic activities, communications

FE Report 2018-10-29 10:09:47

Transport strike disrupted communications across the country on Sunday, taking a heavy toll on trade and economic activity. According to business circles, overall commodity supply chain, export-impor...

Muhith rules out economic fallout

FE Report 2018-10-29 09:58:18

Finance minister AMA Muhith said on Sunday it is a myth the government cannot do business in all areas. "There are many areas where only the government needs to do business. And the government can at...

BB set to place three new bank bids before its board

Siddique Islam 2018-10-29 09:49:34

The central bank is set to place the proposals for approving three more banks before its board of directors' meeting today (Monday) ahead of the upcoming national election. "The preparations have bee...

China's industrial profits up 14.7pc in first nine months

-- 2018-10-27 13:45:35

Profits of China's major industrial firms grew 14.7 per cent year on year in the first nine months of 2018, down from the 16.2-per cent expansion for the January-August period, official data showed Sa...

Govt may double allowance for Extra Deptt staff

Rezaul Karim 2018-10-27 10:24:02

The government is considering increasing the monthly allowance for the employees of 'Extra Department' under Postal Department by around 50 per cent, a finance ministry official said. The finance min...

Savers face dearth of govt savings tools

Arafat Ara 2018-10-27 09:55:05

Supply shortage of different types of state-run savings certificates in many post offices and bank branches has been causing problems for many savers willing to invest funds in these instruments, insi...

Reforming direct taxation remains missing agenda

Doulot Akter Mala 2018-10-27 09:47:50

The National Board of Revenue (NBR) has launched reforms since the 1990s, but it has ignored direct tax, undermining the effort to ensure progressive taxation. Progressive taxation requires the top-e...

World Bank okays $425m to improve rural bridges in Bangladesh

-- 2018-10-26 16:16:30

The World Bank on Friday approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges to benefit two-thirds of the country's people.  ...

Sea tourism accounts for 3.5pc of Greek GDP

-- 2018-10-26 13:46:36

Sea tourism (sea cruise, coastal shipping and yachting) contributes about 3.5 per cent of Greek GDP each year in recent years, according to a local media report. Citing a report of the Institute of...

NBR move to overhaul taxation regime falters

Doulot Akter Mala 2018-10-26 09:59:32

The National Board of Revenue (NBR) has initiated a plethora of reform initiatives since the 1990s, but those have produced little results in overhauling the taxation regime, officials and experts say...

ADB to give $110m loan for urban health services

-- 2018-10-25 18:20:08

The Asian Development Bank (ADB) has provided additional loan of $110 million for a project for improving access to urban primary healthcare services in Bangladesh through public-private partnerships...

WB to give $240m for improving coastal, marine fisheries  

-- 2018-10-25 17:46:23

The World Bank (WB) is set to lend $240 million as industrial loan to help improve management and production in marine and coastal fisheries and aquaculture. To this end, an agreement was signed at t...

South Korea's real GDP grows 0.6pc in Q3

-- 2018-10-25 13:32:28

South Korea's real gross domestic product (GDP) grew 0.6 per cent in the third quarter from the previous quarter, central bank data showed Thursday. The GDP growth rate fell from 1.0 per cent in the...

Economists moot new poverty benchmark

FE Report 2018-10-25 09:27:25

Senior economist Prof Wahiduddin Mahmud has suggested the government change the poverty estimation method considering the current global and domestic socio-economic scenarios. "Our national poverty-l...

Pakistan secures $6b Saudi loan

-- 2018-10-24 15:03:33

Saudi Arabia has agreed to provide a financial assistance of $6 billion US dollar to pull Pakistan out of the economic quagmire, the foreign ministry said on Tuesday. The deal was signed by Pakista...

EU rejects Italy budget, demands changes

-- 2018-10-24 15:02:50

The European Commission has told Italy to revise its budget for 2019, an unprecedented move with regard to an EU member state. The Commission is worried about the impact of higher spending on alrea...

China's power generation up 7.4pc in Jan-Sept

-- 2018-10-24 14:52:33

China's power generation rose 7.4 per cent in the first nine months of 2018, with electricity from nuclear and wind power facilities expanding at a fast pace in September. The growth in the first...

Bangladesh now 39th most valuable nation brand

FE Online Desk 2018-10-23 19:33:05

Bangladesh has moved up by five notches this year and ranked 39th out of 100 valuable nation brands in the Nation Brands 2018 report. The report, published by London-based Brand Finance recently, say...

Move to restore navigability of 100 major rivers

-- 2018-10-23 17:31:39

The government plans to procure some 35 dredgers involving Taka 44.89 billion to restore navigability of 100 major rivers across the country. The Executive Committee of the National Economic (ECNEC)...

Imran khan seeks loans to reservice debts, investments

-- 2018-10-23 15:14:33

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, the country’s prime minister Imran Khan said on Tuesday....

RMG exports to Japan hits record high

FE Online Desk 2018-10-23 13:21:08

Bangladeshi readymade garments have hit a record growth rate in Japanese market during January-August period of the current year, Rabab Fatima, Bangladesh Ambassador to Japan, said. She said, “...

Secondary trading of treasury bills, bonds drops in Q1

FE Online Report 2018-10-22 19:45:45

Secondary trading of the government’s fixed income securities declined 11.41 per cent in the first quarter of the current fiscal year. Latest statistics, released by the central bank, showed th...